The Express.
London, England, 1853-08-17 00:00:00

MONEY MARKET.

TUESDAY Hymn°.
The English stock market was languid to-day,
finally closing without animation at the depressed
rates of yesterday. The stringency of the money
market continues to exercise a depressing influence ;
but we have still to report that money is very easy
in the Stock Exchange, ruling at about 2 to 21 ,per
cent. only. This is probably partly owing to The
quietude of business in the house, and partly to the
fact that the dealers, as a body, are " bears." Stock
is, therefore, for the time, more an object to them
than money. Much interest was expressed this
afternoon to learn the nature of the ministerial
statement relative to the Eastern question, promised
for this afternoon; and, on its being understood
that Lord John Russell had confined himself to a
general statement on the subject, without announc-
ing any new or satisfactory facts, there was a dis-
position amongst the speculators to look for a flutter
market.

Money out of doors to-day was again very tight,
with the rate ruling generally at 31 per cent. for
first class paper. Under these circumstances the
bulk of the commercial business goes to the Bank of
England. It is believed that the marked demand
for accommodation now experienced is in a great
measure owing to the fact that parties are preparing
against an anticipated advance in the Bank rate.
As an indication of the altered position of the money
market, it may be noticed that great difficulty is now
experienced in effecting the sale of railway de-
bentures, which only a few months ago were in such
request. The market is now much better supplied
with this description of security, and railway de-
bentures of the best descriptions may be purchased
to pay 31 to 4 per cent. interest to the investor.
Consols opened and closed at 971 to 4 for money
and the Bth September. The only variation was a
temporary rally to 974 buyers, owing to an influen-
tial purchase of about 60,0001. stock. The official
business report includes :—Three per Cent. Consols,
for money, 971, 4, 98, 974; ditto for account, 974,
1, 1. Three per Cents. Reduced, 98„ 1. Three-
and-a-Quarter per Cents.., 101, },lOl. Long Annui-
ties, 1860, SZ, 5 13-16; ditto, 30 years, 1859, ;
ditto, 30 years, 1860, SZ. Bank Stock, 2271, 2281.
India Stock, 2371.
Exchequer Bills were flat at 3s. dia. to par, but
some buyers were accommodated at Is. die. The

current Quotation of India Bonds was 17s. to 225.
prem.; but sales were pressed as low as 13s. prem.
The foreign stock market exhibited no feature of
much importance, the transactions being restricted.
Granadian stocks showed an improvement, which,
however, was scarcely maintained at the close.
Portuguese continue to evince an upward tendency.
At 4 o'clock, Mexican Bonds were quoted 261 to
27 ; Peruvian Deferred, 58 to 60; Granada Active,
211 to 221 ; ditto, Deferred, 91 to A ; Spanish
Deferred Threes, 23k to k ; the Certificates, 61
to 61 per cent. Sales are thus marked :
Brazilian Four-and-a-Half per Cent. Bonds, 1852,
991. Buenos Ayres Six per Cents., 67. Danish
Three per Gents., 1825, 83, 841. Dutch Two-and-
a-Half per Cents., 641, 65, 641. Granada One-and-
a-Half per Cents., ex Dec. 1849, Coupon, 23, 22k;
ditto Deferred, 91, 91. Mexican Three per Cents.,
27. Peruvian Four-and-a-Half per Cent. Bonds,
for account 31st Aug., 84 ; ditto Deferred Three per
Cents., for account, 59. Portuguese Four per Cents.,
44, 431,441. Spanish Old Three per Cents., 471;
ditto New Deferred Three per Cents., 231; the Com-
mittee's Certificates, 61 per cent. Swedish Four per
Cent. Provincial Mortgage Loan, 1 prem.

The subjoined quantities of gold are known to be
now on their way to England from Australia, viz. :
From Date of Gold on board,

sailing. ounces.
Hoeigh Sydney May 26 .... 7,078
Orpheus .. Adelaide May 12 .... 3,292
Kent Melbourne .... June 5 .... 26,263
Renown Geelong
Harbinger.. Sydney
Melbourne

We have here a total of 159,735 ounces, worth
640,0001. ; besides further sums in private hands.
The magnitude of the quantity shipped on board the
Harbinger is deserving of especial attention, as in-
dicating the preference given by the colonists to
vessels that have distinguished themselves by success-
ful trips.
In the market for foreign exchanges to-day there
was not much variation from the rates of last pest ;
but it may be noticed that bills were in more de-
mand, and hence the general tendency was, if any-
thing, slightly downwards. Paper on Paris ruled
at 24.971 for short, and 25.20 for three months.
Bills on Hamburg continuei in demand at 13.6; to
t. Amsterdam ruled at 11.17; to 18, and St. Peters-
burg at 38 to Drafts on Frankfort were offered
at 1191 to a. Italian places were offered at last
post's rates.
At the meeting of the East Indian Railway Com-
pany to-day the
.proposals for the extension of the
company's operations to Delhi, and for amalgamation
with the Upper Indian Railway Company, were una-
nimously adopted We understand the scrip of the
last named company will be shortly called in, when
for every seven Upper India shares the holders will
receive 12s. in money (being the amount of the
deposit on six), and a certiffeate entitling them to
receive six shares of the new capital of the East
Indian Railway Company, upon which 4; per cent.
interest has just been guaranteed by the East India
Company.
- - -

The Board of Trade have received information that
a new port, called Manso' in the department of 111a-
pel, republic of Chili, has been declared open to
foreign vessels, for the purpose of loading ores and
other productions of the country.

The prospectus has been issued of a second asso-
ciation, which, under the title of the "Great Water
and Sewerage Company of Paris and the Cities of
France," proposes to raise a capital of 2,000,0004
sterling, with a view to providing not merely a supply
of water, but also facilities of sewerage, thus doing
away with the cesspool system at present prevailing.
The promoters make the straightforward provision
that, should no concession be obtained, the deposits
will be returned without any deduction. The conces-
sion in question is likely to prove extremely valu-
able; and thus it is not a matter of surprise that two
or three companies of mixed French and English
formation are in the field to compete for it.

The Overland Mail has brought the report pre-
sented to the shareholders of the Bank of New South
Wales, at the meeting held at Sydney on the 27th
of April last. From the report, made up for the
half•year ended March 31, it appears that, after ap-
propriating 100,0001. from the profit and lose ac-
count in extension of the capital, and the sum of
1,2601.,as a bonus to the directors, there still remained
37,7491. 128. 3d. clear of all expenses and charges
divisible amongst the shareholders. This sum was
disposed of as follows : Amount required for divi-
dend, 15,0001.; carried to reserved fund, 14,2801.
16s. 7d.; carried to new account for future dividends,
4,9601. lls. 3d,; discount on bills not yet due,
3,3081.45. sd.—total, 37,7491. 12s. 3d. The reserved
fund was increased to 40,0001., which, added to the
successive appropriations from the profits of the
bank in extension of the capital, amounting in the
whole to 164,0451. Is. 10d., would give a total sur-
plus of 204,0451. Is. 10d. accumulated since the let
of October, 1850, ou an original capital of 125,0001.
The branches of tho bank continued to tuifil every
expectation, both as to business transacted and
profits. _ _

Holders of scrip certificates of preferential shares
of the Oxford, Worcester, and Wolverhampton Rail-
way, are reminded that shares upon which any in-
stalment remains in arreur are liable to forfeiture,
without notice.

Warrants for the payment of 4 per cent. per
annum interest on the shares of the Netherlands
Land Enclosure Company will be deliverable on the
22nd inst.

All land shares were flatttr t3-day. Australian
Agricultural were last quoted 331 to 34 Crystal
Palace shares closed 1; to l j prem. Australian and

- I
r Oriental Bank shares were also flatter. Niugitilena
steam 'hares (4/. paid) mark 11 die.
Insurance shares this week have been firm. and
several stocks show an upward tendency. Tim pre-
sent quotations are subjoined: Albion, 95; Alliance
Marine, 50; Atlas, 221; Argus Life, 231 24; British
Commercial, 71 • Church of England, 31 ; City of
London, 21; Clerical, Medical, and General, 201;
County, 125; Crown, 221; Eagle, 71 ; Equi 3 aid
Law Life, 51 ; English and Scotch Law Life,
41 ; European Life, 20; ; Family Endowment, 4;
General, 51; Guardian, 611 ex div.; Globe, 150
ex div.; Indemnity Marine, 60, ex div. • Imperial
Fire, 370; Law Fire, 41 ex die. ; Law Life,
56 ; London, 31 ' • Medical, Invalid, and General,
31; Minerva, 6k ; Monarch, 11 ; National Loan Fund,
2t ; National Provincial, 11; New Equitable, 1-, ex
die.; Palladium Life, 31 ex div.; Pelican,4s ;
185; Professional Life, 2 ; Hoek Life, 81; Royal
Exchange, 242 ; Sun Life, 65; Union, 220; United
Kingdom, 51 ex div.; Universal Life, 451; Victoria
Life, 51 ; Reversionary Interest Society, 108 Ge-
neral Reversionary and Investment, 102.

LONDON COURSE OF EXCIIANOR.—Arm. 16.
Tune. Prime ee negotiate i thle day
IttUm and W. Money.
Amsterdam pal Short 119. Note ... IN. 171 e,
Ditto
. .. .

Rotterdam
Antwerp
•• 90 111. talate. .. :In. laj,tr.
B !Mr. 20e. .„ Mfr. 2t
Ultr
rawls
liandnug and Altaoa „ a 'Sawa Caoahl. 13mee 6 NIL
St. Petenburg per ruble „ 218 L pence ... SS oenue
Perla per R Short 24fr. 974 c. ... 2Sfr.OSSe.
Ditto ....... .....„.... „ 3 BlontkutZfr. 200. ... 25b Vut.
Marseilles
.. . „
.... „ 25tr: 200. ... 24fr. 2)e.

.....—..“-on-tce-Maine per £10„ 119111. kr. ~. 19;1. kr.
Tema (effective) pert „ 101. 55er. ... 101 57k..
Trieste
Msdrir, per dollar ~ pence ... 5n rcuee
Cadis „ „ 501 pence ... 50, ...roe
Bilbao

491 pence

pesos
4?y pence

pence ... seiesoi
pence ... so p 4 act

-111/s.
191. ea.*