The Express.
London, England, 1853-11-11 00:00:00

---No . 2,254.]

..--7.---
of PEPOSTI% 7, st. Martin's -place, I
AN K MONEY MARKET.
gm.iralAlessopssA leaks
.4. row ofII%VENIINU SOMEIi am nmisated to lISSISISS 1
f intA Irdts 1,41• by wh.ela • h.gli tale of latarist tea) Os ' ....--s.--
* 1
.t, , went w•ray. TILIMSDAT ETENING.
0117;;•,,,,,,btA is Jan
.?iloyetrausres.
liftmen,
Dzector. 1 The English stock market opened with a heavy
p7segtossin• es .4>pliesSor ' appearance, owing to the intelligence given in the
— morning journals of oontinued and extending bostiliC-
- ----
ItIST AL FRENCH GLASS SHADES for NIA- ties between the Turks and Russians, coupled with
l'Alit.it anitoglra I, Ortillaili444l,-IL COX, Ott:TOW& "'Salo. confirmation of the statement that the Czar has
. I.
It F. GUINEAS.—Mr. WM. H. HAT„gg„ the i issued another very warlike manifesto. The final
:-.,_:-, " ~„ ~..•.1 Bulamma.clasts. Ls' Ake. Seems I arrangement of the account, however, showed a
it -----' Ws ;;I'INEA APPARATUSES ......a,
iv trA4 tb 4 1". .... p, W., rump% MOO mgc agadmiNZ" shorter supply of stock than was anticipated, and
!ear 21.4.11"
- - - _ some speculators for the fall, who had deferred set-

yHE SUCCESSFUL RESULTS e, the bid bad
row, bee 1.00-u t.1"101 ~.1.11-uon nat itowLAxix4. i
,r4,6Asi IWL p•w. oke •is 11,171 404 Saw Port* in tLe I
_. ...uffoebot, ead anrwareawnt et tte 1' u... limy . ..
IF‘''''',,h;;, joifie a,. :seed. It prevents. It Thom lama., Le ~,, tun:b. I
:;;i7t. v -an letth•L',..T.k kw --c'eso" I . from wart end thwalesft 1
—4.1 r ...1. It blAltll,ll3 .01, ewle. am 0... y.
For ettedree It ts
, „,:iireostrd. re kfl•ilut the ' wile of • tseentiful bead of
!In 2,,.., ,„,, .. ea, end 4.: 1•0111 Or' Wee (aitsa. to lour mall).
r• ,d „, dose • ttat •ssr, 21". ' Auttout—llo th• Wrapper of
r^..... .as too wowlo. " Itssoki'd 1. fleeweer 011." to tiro lime.
IfiZa , A. lva. t:st Is ~. 4 t•O", 4 la, limusKardea. Limitia;
lOW WSW ailaiwkw.
___--_

Cling their account, were compelled to pay a " back-
wardation" of 1, sad even, in some cases, per cent.,
the rate being regulated to some extent by the credit
of the operator. This scarcity of stock led to a
!rally of about Z percent. from the lowest point, and
at the final close, prices were about the same as
they left off yesterday. As an illustration
of the excessive sensitiveness of the market, it may
be mentioned that some very vague reports to the
effect that Prince Gortachakoff and M. do Kotzebue
had proceeded to Giurgewo with the view of opening,
negotiations with the Turks, were referred to as hay-
isehad some influence in sustaining the market la
the afternoon, notwithstanding the unmistakable eon-
tradiction which has been given to the oft-repeatedl,
statements of the pacific views of the Czar by the
publication of a new and more warlike manifesto. No
eopy of the St. Peterburg Journal of the 2nd inst.,
which is presumed to contain this important docu-
ment, reached the City to-day ; but telegraphic de-
spatches from Brussels were published, purporting
to give the sense of it. The Paris bourse of to-day
I was reported as opening at a fall, but a rally took
place during the day, and the closing rates were
only a trifle below those of yesterday. The Amster-
dam bourse was telegraphed as indicating symptoms
of increased distrust.
Consols opened at 933 to 94 for the December ac-
oount, subsequently became weaker at 93; to f„
quickly rallied to 94 to 1, and were quoted at the
official close at the beat point of the day, viz., 941 to
ifziinoessesiey, and 941 to 1 for the 6th of December.
is marked in the official list as low as 93
foe money ; but, if business was actually transacted
at that figure, it could scarcely be considered a fair
price. The latest "after-hours" quotation was 941
to for money, and 941 for amount, the market
being less strong than at three o'clock. The settle-
ment of the account seems to have progressed very
satisfactorily, but the payment of "differences
will not take place till to-morrow. Loans
of stock of considerable amount have been
renewed until the December account, and the cur-
rent speculation, though lessened in amount, remains
still very largely for the fall. It is at the same time
noticed that the purchases of the public, which were
se actively prosecuted when prices were two per
eent. below their present range, have materially di-
minished since the rise. The official business report
is as follows : Three per Cent. Console, for money,
941 s 032 s 941, 1,3, 3 ; ditto, for account, Gth Dec.,
94, 3, 931, 911. 3
Throe per Cent. Reduced, 923,
933. Three-and-a-Quarter en Cents., 941, 951,
95, 951, 1,1, 3. Long Annuities, 1860, 31 ; ditto,
30 years, 1859, 4 15-16. Bank Stock, 216, 2171.
Exchequer Bills remain steady at 2s. to ss. prem.
India Donde are rather weaker, at 2s. die. to 2s.
prem.
The foreign stock market presented no feature of
interest, the transactions being scattered, and lead-
ing to no important change in prices. Sardinian is
rather weaker, but Russian maintains its price. At
four o'clock Mexican Banda were quoted 25 to 3.
Spanish Deferred, 21t to 22; the Certifs., 51 to 51
per cent. Peruvian Four-and-a-Half per Cents., 71
to 73; ditto Three per Cents., 50 to 52. Sardinian
Five per Cents., 91 to 92. Granada Active, 201
to 211 ; ditto Deferred, 71 to 81. Russian Five per
Cents., 113 to 113 ; ditto Four-and-a-Half per Cents.,
98 to 100. The list of actual sales is annexed :
Brazilian Old Five per Cents., for account, 16th
Nov., 981. Cuba Seven per Cent. Bonds (Matanzas
and Savanilla Itailway), 1021. Equador Bonds, 53.1
Granada Deferred, 71. Mexican Three per Cents.,
253, 1. Perutien Four-and-a-Half per Cents., 73.
Portuguese Feu per Cents., 413. Russian Five per
Cents., 113; ditto Four-and-a-Half per Cents., 983.
Sardinian Five per Cents., 911, 92. Spanish Passive
Bonds (Converted), 41; the Committee's Certifs., 5;
per cent. Venezuela Three-and-a-lhlf per Cents.,
323, 311, 32.
The motley market shows increased ease. The
bankers and discount houses have at their disposal
very large sums of money, for much of which tempo-
rary employment cannot be found. The check given
to trade by the war in Wallachia, and by the appre-
hension of its influence on the peace that at present
happily subsists in the rest of Europe, naturally
tends to assist the accumulation of idle capital.
The interest accruing on the deposits on the shares
of the Grand Trunk Railway of Canada for the half-
year ending the 3rd inst., at the rate of 6 per cent.
per annum, is advertised as payable on the 15th inst.
The half-yearly general meeting of the Imperial
Continental Gas Association is called for the 30th
inst., at which a dividend will be declared on the
original capital, as well as on the second and third
capit.
Weal understand the sum actually paid up on the
new shares of the Amalgamated East Indian Rail-
way Company is about 150,0001. only. As the total
amount of the first call would be 800,0001., and as the
last day allowed for paying up expired more than a
week ago, it follows that this company has not suc-
ceeded in obtaining one fifth of the capital requisite
for carrying out the important project of the connex-
ion of Upper India with Bengal and Calcutta by
means of railways. It will be recollected that the
entire amount of the new capital of this company ie
to be 8,000,0001., in 400,000 shares of 201.
each, upon which the East India Company
have given a guarantee of 41 per cent. The
failure of the company to get its capital subscribed
illustrates in a striking manner the impolicy of OW
trusting so gigantic an undertaking to the hands ell
one company. Instead of thus encouraging maw
poly the East India Company ought to have split the'
contract into several parts, and given it, with es
little delay as possible, to two or three companies.
Instead of adopting this reasonable course the court,
following blindly the sugestion casually thrown out
by Lord Dalhousie, the Governor-General, did their
utmost to discourage competition, and may even be
said to have forced the Lpper India Railway Com-
pany—the only association of importance that pre-
sented itself to compete for a portion of the
contract—to amalgamate with the East Indian
Railway Company on terms far from just. If the
East India Company really wish to promote the
Indian railway system, they should insist upon the
', East Indian Railway Company concentrating its
energies upon the line from Calcutta to Rajmahal, a
' line which many persons apprehend will not be
!completed for many years to come, unless more
energy and unity of purpose are infused into the
management. The connecting link next in import-
anee, that from Allahabad to the north-western
frontier, ought, as we have repeatedly urged, to be
! given to another company. What can be more
absurd than for one company to be entrusted with
'the
construction of two distinct lines of rail-
way, separated from each other by a dis-
tance of several hundred miles? As for the
line along the Ganges, from Rajmahal towards Alla-
habad, it may safely be asserted that there is no
immediate necessity for its construction. When the
lother more important lines above referred to shall
have been completed, it will then be time for the
East India Company to turn their attention to this
third line. At present the court may be said to be
beginning at the wrong end. Indeed its policy has
been so contradictory and dilatory as to induce an
opinion that the real desire is to preserve to India

:-.----_----__
TEE I) A I LY NEWS:
Luke Mose& a p.p.v., pos. id.
jos Fatima OnrWa tine DV .I.lf NEWSY nt the head of the U-
eda l'essi et grey Britain. , atvacallailt me sensesses tots stossest
mom sad in *ilia sal Pre 'Asa reforms, INsither Ohba. DOCIaI, i
at secb.kgr•c•'.
is the twig apt mho of its Gleeful Neenk—is the ellebibby of its
Los ne;.,.; , ia the so.ple. tritntul. arid impartial ettunster of Its
to.urs !Ir.,:b.g, are, wad in th, vaned mercantile Left commercial in.
Alm: ...s re,A.OW I to toe lily, Mai:Way, awl Monetary Artistes.—
gas raper ..., 421,:irpilmeed.
It 0.:..t...n0 . u.nrc At:Ailed het of 'Thieving than any other paper—
sa i te*.seorly early report of sdiipoins is the Indian tless by every
...., as% "WI -ana tad only daily Minos Iteport, with list ot glee%
psairsed anywhere.
It addissete itself to fand.les, as beim! the only pipe bolds the
thaw" wh‘ch @settle.. ale Ma 111.3.0 eV:hided, from HI 00billna
Obillbalive AdverWelarntb.
fis prw. is imbue iieour is shown by the last return of ramps
brad Ave the ye.,r leSii to till Medias London Newspapers, by
stab it sill be nes that Ilia Palter Otte iessiteit by mace than
aim ,eat list is tire yea.' linden its three oldest competitors :
Eatablikted. Ramps tented
Ilewnwe oi (mina.'
Illeasiso 1•or t ... ............. .. ... 1772 5'!9.040
ilnyme• IIRMALIo.
;MILT NB% g
Ile piatabee.l ibailitell•AG: of this pow jvariehe hollowing
ephios rangy espre.ed by a wittempanary:
a The • Dilly S,W. ' m the ystseteet of ell the LOO.lOll woefing
prem. Foan dr tir tit tool high growaland a high :there! tone—re.
pre ..d.:!„,:,..nalstentl .11 e. cone,restiee liber4Aaro whkh in clearly
the ..utke °Nolan of Ene'and .. and already, with the mond highest
suria•Jon of tae resognised doily view, and with the Largest
carter of ..dvertaiewent.- rest to the • Tines '—obtained by say
isey ppm its political sans than corresponds with its oceaniereial
soasseste
Ts issatilistsme Bookseller or NewllligN lads Idassias ; or et
ve woe be. aposaminen. Ileet4treue. Lail&

SECOND EDITION.