The Express.
London, England, 1853-09-14 00:00:00

MONEY MARKET.

TVESDLT ZYZIKINO.
The stock markets opened this morning with in-
creased gloom, and, sales being pressed, a further
considerable fall took place, extending to the funds,
railway stocks, and every other department of the
market. Later in the day, however, there were a
good many purchases, in realisation of profits, by
previous epecspeculativeselleradmompanied by more sub-
stantial buying, tempted by the reduced price%
whilst at the same time a report was put in circula-
tion that the Bank of England directors will
not decide on a further rise in the rate of
discount at their next weekly meeting on Thurs-
day. This had a favourable effect, and the appear-
ance of the several markets at the close was
better than at any previous period of the day. It
may be mentioned, however, that prices still show
much sensitiveness, and the markets are far from set-
tled in character.

Consols opened 93; to 1, for money, and 951 to 96
for the 13th October, being a fall of per coot. from
the official closing price of yesterday. For money
sales were pressed early in the day as low as 931,
but a react:on soon set in, and at 3 o'clock the quo-
tation was 931 to 96 for cash and 961 to 1 for
time. The final quotation at 4 o'clock was sti,l better, at
961 to 1 for the account. It would appear that money
stock has been rather freely supplied to-day; and,
during part of the day, there was a difference of 1
between the price for money and that for account.
This fact is indicative of a sudden supply of money
stock, and money was thus in more request in the
house at 3 to 31 per cent. The market seems
hitherto to have chiefly derived support from the
" bearish* state of the dealers' books. Consols was
the only stock dealt in, most of the other govern-
ment securities being ;hut. The official business
list is thus limited to:—Three per Cent. Consols,
for money, 96, 951, 1,1, 1, 96, 931, 1; ditto for
account, 13th October, 961, 961, 961, 96, 1,
Exchequer Bills were quoted 3e. die. to per, and '
India Bonds par to ss. prem.
Business in the foreign stock market continues
restricted, but the tone was decidedly heavy; and
though there was a partial recovery in the afternoon,
Floes generally ruled lower, especially for the specu-
lative descriptions, such as Mexican, Spanish,
Grenadian. and Peruvian. At 4 o'clock Mexican
Bonds were yioted 24,1 to 1 ; Spanish Deferred,
221 to #; the Committee's Certificates, 5/ to 6
per cent. ; Granada Active, 21 to 22; ditto De-
ferred, 91 to I. The list of sales embraces :
Buena Ayres Six per Cent. Bonds, 64, 63. Chilian
Six per Cents., 104, 103. Dutch Two-and-a-Half per
Cents., 641, 631, 64 ; ditto Four per Cent. Certifi-
cates, 98,1. Mexican Three per Cents., 251, 241,25.
Peruvian Four-and-a-Half per Cents., 77 ex div.
Russian Five per Cents., 116 ex div. ; ditto
Four-mad-a-Half per Cents, 102. Sardinian
Mrs per Data, 94. Spanish Old Three per Cents.,
461,1; ditto New Deferred Three per Cents.,22l, ;,1;
the Committee's Certita, at per cent.
Money continues in active demand out of doors,
and 41 per cent and upwards is charged for the die-
count of all but first class paper, which of course can
be negotiated without difficulty at the Bank minimum
of 4 per cent. It is understood that the pressure for
accommodation at the Bank of England, stimulated
by the
horiapprehension of an approaching rise in the
of that establishment, has been very great
ItO-day, and will probably wiltiutte io-morrow.
In the market for foreign exchanges to-day there
was a rather general rise, bills on all places being in
fair 'apply. The improvement was chiefly in
Amsterdam which was done as high as 11.18 for
three mantic. Bills on Paris ruled at 25 to 25.05
at short, and 25.20 to 221 at three months. Paper
on Hamburg was generally done from 13.61 to 1;
Vienna at 10.66 to 38 ; Trieste, 10.58 to 11 fi.; and
St. Petersburg, 381 to 1.
It was announced to-day that the Marco Polo had
arrived at Liverpool from Melbourne, with 54,201
ounces of gold, valued at about 216,8001. The
quantity brought in on freight by the Ann Miln
from Portland Bay, is only 280 ounces.
A sum of about 70,0001. in Russian half imperials
was taken to-day for despatch by the steamer leaving
London to-night for Hamburg, en route to St. Peter-
sburg. Notwithstanding the improvement in the
exchanges, further sums in gold were sent away to-
day to France.
A small portion of the silver brought in some days
ago by the steamer Magdalena was sold to-day at a
redaction of Id. per ounce, dollars realising ss. cog
per ounce, and bars ss. lld. per ounce standard. The
demand was for China. A very large amount of silver
remains on hand unsold, awaiting the arrival of the
overland mail.

Since yesterday a large business has been done on
speculation in floating cargoes of Indian corn. It is
reported that 23 cargoes have been bought, nearly
all for one Bordeaux house. The top price paid for
Galata, Ismael, and Odessa, is stated to be 33..8d.,in-
eluding freight and insurance.
This was " making up" day in the railway mar-
ket, and the position of the account, as disclosed in
the requisite arrangement., seemed to cause some
surprise. An impression had been prevalent in many
quarters that the account would prove largely over-
sold, but the facts of to-day tended to an opposite
conclusion. The supply of nearly all the stocks cur-
rently dealt in is sufficiently plentiful to quite obvi-
ate any for delivery, and in no case, not
even in pressurereaWestern was there any scarcity
similar to that experienced at recent settlements.
This circumstance confirms our statements of the
late large sales of railway stocks from pawned
sources, in addition to some Ripply from the
general public. It is scarcely necessary to point
out that this state of things, under present
circumstances, is rot favourable to the market. The
"cootangos" on the heavier shares, although gene-
rally light, have been rather a matter of negotiation
than subject to any fixed rate, the dealers being
indisposed to "continue" accounts, except for parties
of good standing. The contangos have rather
strengthened during the day, ranging on London
and North Western from ; to 2, and the sane on
Midland ; whilst Lancashire and Yorkshire stook,
from "even," has commanded cootango. Our
usual statement of the terms on which the arrange-
meet of the account has generally proceeded is as
under :

London and North Western Ito ratango.
Midland
Leeds to ditto.
Greet Western even."
York sad North Midland l-16 coatings.
Doren -31 to 3.32 ditto.

Great Northam oven " to 1-16 ditto.
Caledonians "even" to 1-16 ditto.
London and Beath Western 1.16 to 3-16 ditto.

Bawieks
North British -32 ditto.:
In the French railway market " backwardations"
continue to prevail, but there seems to be a better
supply of stock than at late settlements, and Stras-
bourg., Northern, and Paris and Lyons, have been
borrowed without difficulty at 1-16 to i backwards,
Son. Central of France have commanded 1.32 to
1-16 eontango.
The failure was to-day announced of a member of
the Stock Exchange, a broker, in connexion with the
share settling ; but the amount involved will pro.
bably not be heavy. A failure in the Liverpool rail-
way market is also reported.
The twenty-second auction of the foreign redeem-

able debt of Spain is to take place at Madrid on the
29th inst., for which 375,000 reels are applicable.
Miscellaneous shares were very heavy, and many
des riptions almost unsaleable this morning, but
closed rather better. Australian Agricultural were
last quoted 29 to 31, and Peel River ato dis. This
last-named stock has shown great weakness. South
Australian Land left off 30 to 32, and Van Diemen's
Land 14 to 16. Crystal Palace shares were lower,
closing 11 to 11 prem. Australian Bank shares
could only be wail at reduced rates, and the new
stocks, subject to further calls, could scarcely be sold
at all. Berlin Waterworks were quoted Ito dia.
Royal Mail Steam mark 70.
Prices of insurance shares seem to have under-
gone little change this week. The present quo-
tations are subjoined :—Albion, 95; Alliance Ma-
rine, 50 ; Atlas, 213; Argus Life, 231 24;
British Commercial, 7/ ; Church of England, 31;
City of London, 21; Clerical, Medical, and General,
201 ; County, 125 ; Crown, 221 ; Eagle, 71; Equity ani
Law Life, 51 ; English and Scotch Law Life,
41 ; European Life, 201 ; Family Endowment, 4 ;
General, 63; Guardian, 61 ex die.; Globe, 150
ex div.; Indemnity Marini, 80 ex div.; Imperial
Fire, 375; ditto Life, 20 ; Indemnity Marine
60 ex div.; Law Fire, 43 ex div. ; Law Life,
'66 ; London, 31 ; Medical, Invalid, and General,
31; Minerva, 8/ ; Monarch, 11 ; National Loan Fund,
2; ; National Provincial, 11; New Equitable, 11 ex
div.; Palladium Life, 33 exdiv.; Pelican,4s ; Phmnix,
185; Professional Life, 3 ; Rock Life, 81; Royal
Exchange, 242 ; Sun Life, 65 ; Union, 220; United
Kingdom, 63 ex div.; Universal Life, 451; Victoria
Life, 61; Reversionary Interest Society, 108; Ge-
neral Reversionary and Investment, 102; Equitable
Reversionary, 118.
Of canal shares the latest Stock Exchange quota-
tions are subjoined :—Ashton and Oldham, 168;
Brecknock and Abergavenny, 821 ; Birmingham (gas.
4 per cent, by the London and North West. Railway),
1021 ex div.; Derby, 63; Coventry, 200; Grand
Junction, 70; Grand Surrey, 50; Grand Union,
121; Kennet and Avon 71 ex div.; Leeds and
Liverpool, 664; Leicester, 87; Leicester and North-
ampton, 441; Loughborough, 550; Macclesfield, 58;
Oxford, 1121; Peak Forest, 97 ; Regent's, 181, 181;
Rochdale, 68; Stafford and Worcester, 410; Stour-
bridge, 290; Severn and Wye Canal and Railway,
24 ; Warwick and Birmingham, 41; Warwick and
Napton, 19; Worcester and Birmingham, 36; Wilts
and Berke, 7.
Prices of Gas and Coke Companies' shares range
as follows :—British Provincial, 22; Brighton, 16 ;
City of London, 1321; Continental (Third Capital),
671; Equitable, 27 ; Great Central, 14 ; Imperial,
85; Independent, 48; London Parliamentary Pre-
ference, 26;) Phmnix, 28 ex div. ; Ratcliff, 70; United
General, 21; Westminster Chartered, 383; ditto new
(10/. paid), 73.
Waterworks stocks are thus marked : Berlin,
(21. 10s. pd.), 2; East London, 128; Southwark and
Vauxhall, 893, 3; West Middlesex, 114.
Shares in bridge associations command the follow-
ing prices :—Hungerforcl, 12 ; Waterloo, 6; Vauxhall,
231.
Other miscellaneous shares are thus quoted in the
official list :—City Navigation Three-and-a-Half per
Cent. Bonds, 961; Hudson's Bay Stook, 224; Price's
Patent Candle Company, 29 ; do. New, (161. paid),lBl.
Annexed are the latest reports from continental
bourses, as received by Mr. Renter's express :
Amsterdam, Monday, closing prices:—Dutch Four
per Cents., 941; ditto Two-and-a-Half per Cents.,
62 9-16 ; Spanish Deferred Three per Cents., 221;
the Coupons, 6; the Old Three per Cent., foreign,
473; Austrian Five per Cent. Metallics, 81
7-16 ; Mexican New, 241 ; Grenada Deferred,
9 7.18; Portuguese New, 391 ; Equador, 4 1-16;
Granada Active, 211; Peruvian New, 79. Most
of these prices show a fall. Vienna, Monday;
—Austrian Five per Cent. Metallic, 94 ; Exchange
on London, 10.42; Bank shares, 1-372; Gold, 163
prem.

LONDON COURSE OF EICHANGE.—Sm. 13.
Wm. Prices a negotistaa this day
Dills and IL Money.
iestortlaa ............psti Slott 111. lent. ... 111. 1645t0.
Ditto —........... „ Illostlialle.l7fav .. Ili 18oe.
Dodo:dem —.......„. .. „ 111. 18ent. ...:IL Mat.
Antwerp .................. „ „ Mfr. 17 0e,.. ... 26tr. Ws.
Brassels
Flateoug and ahem : „ terms. 4 . Dom qui
Mt. Petersburg --pet retie OH passe.. 114 penes
Pert .........pr A Miai i Wt. Oa. .„ tett. 03..
Dkeo
Kanalirsi.: I*. Us. ... Mr. 23a.
trankkort.cei...tiael6 pr AlO “„ 1 ftll. kt. ... 11913. hr
TOMS (allseDve) .„ par A ~ Ila Wm. ... 119. Oar.
Trieste „ NIL lam ... II i 0 rr.
Mallet -Fir 'dikes „ 11 1111110 ... 3I paces
ails „ „ „ 111 peso ... Hi penes
gibes —..... „ „ yeses ... 6940 passe
„4 pass
Melo —.... ....... „ „ 64 pass ... 49/ penes
ens.. . _____..... „ „ 10 pass ... 41ce
pesos
oxerailii „ ..... „.„... „ „ 60 pane „. 49 peace
• a ....... .......... „ „ 21tr. Tie. .„ 39 T. $O..
Genoa
I;=.porersol . 43 woe ... 41 penes
..... ........ .. Barnes. „
124$ paw ... 124 penes
Manias „ 1 pees ... 124 polies
lAabon psi ditelliOdays date yaws .. 63 peens
Opceto ..... „.... ~ penes ... 63 ernes
Dew York . 4O dap iiiit 412 pease ... 48 pones