The Express.
London, England, 1853-01-19 00:00:00

TIM DAY—Two o'CLoew.

The fold mining shares arethit,sellens generally
redomtnating. Colonial Gold have fallen to 2 prm.,
but are now rather better spin. Great Nugget
Vein are quoted 31 to 1 prem.
The shares of the Old Australian Copper Company
are also worse.— Australian Agtieultural mark 245
to 235; South Australian Land, 65 to 52; and Van
Diemen's Land, 18.

-- - -
Canoe 61141§4111
Up tsars. Ihniu 1.44 Was doss
yesterday. taday.
-- - ---.- ..
NAM, 1 Ain UM all 114 pm 1
100,00 149. Anglo Calikeslen
10,000 10 toe:simian 1 14 24 „ 34 4
10,900 20 A astratlaa
60,001 1 Australian Cordillera
IN" 1 Luanda= larmbskl
1610110 1 An Nada all par jpm 1
104,1100 1 nritiela Australian Oak all • 4Pml4 •
$9,000 111 &Mob lrms 12.3 9 11 10
NAOS U Ormil.lo9,(lss.atsi.pe 444 1 2
6,000 so Da. Obsess and Climbs all
11,000 JD Do. K. Jolla Dal Mr II 10
410,000 1 (brsou's Crest I Par Om 4
14,402 46 Cbbre Copper
twos 1 ooloalai Om ....—..-
14 I 4164 1$ ra sl I S
- 1411
330,6% It. Copo9per9o Miners 01 Zug all
•.004 93 Do. Prat. 74 pre est all 44 71 pm
70,001 Bagianstralisarempsi all 11 14 at.
100,024 Gratifying'
30,9444 Ocelen lawanilabi... all • i die
71,091 Onsi Delliy uf &AM all KM 4pm 1•• •
11.000 Groat PalesM1L....
100,000 (Us Ilaltart all idi par
•10,0 P
30,000 Lommilialm2a.Ubsety . -
Gold all i i poi
Quarts Oradils,Co all t
1 • 1
100.000 Kirkuk&
Kw 1 IlislsaaNltli.amarisaa 9 44
10m0,00o oo
Osman mama
150,400 Peatifitiga I pm I/
WOO gamin Meg ....... all i pm
10,101 10 ll= 1nc..... ..... all 01 16
lkir
Lew, i lamkg. &Cabs .—. 15
1414 $ 7
30,000 1 loath Aastrallaa all 1 11,ta .
411,000 10 ha Craft ....... ..
43.174 1/1.4.9; Ualud Wilms .. al 7 •
70,000 1 Waller ...., all I rak . .. ..
lacono I Wilt Gansu ....... an
101,401 ' Want illaripom. all 1p.14 i
too,cen 1 Tuba . ........

MONEY MARKET.

TIIIIIIPLY EIWINIII.

The stock market to-day maii•Tse:id3iiiive
shown, on the whole, more steadiness, but the rally
from yesterday's prices is not material, and in the
speculative departments depression continues to pre-
vail. The impression that the Bank of England
will persevere in its traditional policy, and again
raise the rate of discount, became to-day stronger,
and it is understood the leading monetary firms are
preparing themselves in anticipation for the step.
Out of doors the rates for money remain firm, and
although the negotiation of unexceptionable paper
could this morning still be effected at 21 per cent.,
the market appears to be stiffening. There

well to how great an extent a step of this kind is
"discounted n beforehand, so that when the long.
expected blow comes at last the effect is frequently
far less than had been anticipated. An improving
market, it must also be remembered, invariably
brings forward buyers, who, on the other hand, hold
off alkipenods when a dowieseLopveasent, of which
no Mk MA tell the exact extreit, Is in progress, and
when the gloom of the markets is further aggravated
by a plentiful crop of unfavourable rumours. At the
preterit time, however, and especially in connexion
with the railway market, there are circumstances in
operation that preclude our entertaining hopes that
a further rise in the rate would be un-
attended with serious depression, as by any
such hasty, step on the part of the di-
rectors, the commercial public and speculators
would find themselves transferred with great sudden-
ness from a period of almost unexampled monetary
ease to one of considerable comparative tightness.
Still a strong impression prevails that the Bank,
should it adopt the step, will find it impossible to
maintain such a rate for any length of time. Whe-
ther the directors can reconcile themselves to the
idea of the unnecessary and pernicious disturbance
which they are inflicting on trade remains for them-
selves to decide. General opinion is certainly against
the step, and, indeed, it is difficult to discover the
ground upon which this second repressive measure
could be founded. Speculation at home in its various
branches affords abundant evidence of having re-
ceived its quietus, and in any further change
it will be the legitimate commerce of the
canntry that will be cramped, developed, as it
has become, into healthful activity by the ease for so
many months observable in the money market. As
regards the exchanges, with the balance of trade
evidently in our favour, they may safely be left to
regulate themselves, as even if there should be some
drain of gold for purchases: of grain• and other articles,
it must be fully met by the large supplies flowing iu
from Australia. It appears to be the impression to-
day that the attention of the Bank is now in a great
measure directed to the repression of speculation in
connexion with the great gambling movement going
on in France, and it is in anticipation of this that
French operators have been forstalling the Bank
by sending over here and selling large quantities of
securities of almost every description realisable in
this market, including French railway shares and
Spanish bonds. The repression, however, of a
speculation in which English parties are now in-
volved to only a very limited extent, cannot be re-
garded as a Justification for the general and perhaps
serious embarrassments which any further rise in the
rate of discount would cause to our home interests.
Consols ranged to-day between 99$ and 99$ for
money, and 99i and 991 for the 10th February. The
closing quotation was 991 to $ for cash, and 991,
rather buyers, for time. The list of actual sales is
subjoined, viz. :—Three per Cent. Consols, for money,
991,1, 1, fr, ; ditto, for account 10th February,.99l,
1, $. Three per Cent. Reduced, 1001,1. Three-and-
a-Quarter per Cents., 1031, 4, 4. Long Annuities,
1860, 6 7-16, 4; ditto, 30 years, 1860, 61. Bank
Stock, 2241, 226. To-morrow is par-day in Consols,
when the final liquidation of the differences on the
account will be made.
There was a further fall in Exchequer Bills, which
are much offered. The closing price was 60s. to 635.
prom. only, being a fall of 7s. since this day week.
India Bonds were flat, with business at 775. prem.
Prices of foreign stocks were in most cases the
turn against the seller, but business in this depart-
ment is restricted, and the alteration is not
material. Bargains are marked as follows:
Brazilian Old Five per Ceuta., Small Bonds, 102.
Chilisn Three per Cents., 80. Dutch Two-and-a-
Half per Cents., 66 ; ditto Four per Cent. Certifi-
cates, 971, 1, 98. Granada Deferred Bonds, 12$, 12.
Mexican Three per Cents., 235. Peruvian Deferred
, Three per Cents., for account, 28th January, 621.
Portagueso Four per Cents., Small Bonds, 401. Rus-
sian Your-and-a-Half per Cents., 1031 ex div. ; ditto
Small, 1031. Sardinian Five per Cents., 931, 93.
Spanish Old Three per Cents., 471, 4, ex div.;
ditto New Deferred Three per Cents., 221, 23, 221
ex div.; ditto Passive (Converted). 61 ; the Com-
mittee's CertiE, 61, 6 per cent. Swedish Loan, 2
dia. Turkish Six per Cent. Scrip, par. Venezuela
Three-and-Half per Cents., 39.
The Portuguese financial agent has issued notice
that the dividend due on the Ist inst. on Portuguese
Five per Cent. Stock, 1841 (24th dividend warrant),
Four per Cent. Stock, 1845 (16th dividend warrant);
sad Three per Cent. stock, 1848 (9th divident war-
rant), the half of said dividend on the Old Uncon-
verted Bonds, and the twelve months' interest, also
due Ist inst., on the debentures of the December and
January issues, will be paid at the agency after Tues-
day, the Ist February.
Messrs. Rothschild and Sons have published the
numbers of the bonds of the Austrian Five per Cent
Loan of 1852, contracted here, which were drawn
for redemption at Vienna on the 3rd inst., and would
be paid off at par on the Ist July. The total amount'
to be redeemed is 17,5001. This is the first half-
yearly drawing.
The directors of the London Chartered Bank of
Australia have made a second call of 51. per share,
payable by the 15th March.
There was a decided rally in the shares of the
Australian Agricultural Company, owing to the re-
ceipt of favourable accounts, from which it appears
that he fame of the company's gold field was ex-
tending, and that the law was in force to keep off
trespassers. South Australian Land shares were
also rather better than they closed yesterday. The
shares of the North British Australasian Company
improved to 11 to 1$ prem., and closed firm, owing
to a report that the management and,
the concern is to
be entrusted to the firm of Messrs. John Taylor and
Sons. Amongst the miscellaneous share dealings
business is reported as follows :—Bank of British
North America, 60, 601; London Joint Stock Bank,
211; Oriental Bank Corporation, 461; Provincial
Bank of Ireland, 481 ex div. ; Southamp-
ton Docks, 39 ; Victoria Docks (21. paid),
41; British American Land Company, 53; Crys-
tal Palace, 5; Peninsular and Oriental Steam,
86. Ebro Canal shares are quoted 2to 21 prem.;
Chiriqui Road, par to prem. ; Beziers and
Graissessac Railway, 14 dis. to par ; Royal
Ss edish Railway, # to 4 die. ; French South
Eastern Railway, 1 die. to par; City Railway Ter-
minus, die. to par; Zealand Railway, #to 1 din ;
Great Western and City Junction Railway, par to
prem.; Bank of Asia, 1 die. to k prem. ; London
Bank of Australia and India, 1 to 1, prem. Most of
these quotations are merely nominal.
Monday next, the 24th, has been appointed set-
tling day for the shares of the North and South
Western, Hampstead and City Junction Railway,
and the West End and Crystal Palace Railway ; and
Friday the 21st, for those of the North British Aus-
tralasian, and Great Northern Four-and-a-Half pa
Cent. Preference Shares.
At the meeting of the St. Katharine Docks pro-
prietary, held to-day, the usual rate of dividend was
declared, viz., 2 per cent. for the half-year ending