The Express.
London, England, 1853-02-15 00:00:00

MONEY MARKET.

MONDAY EVENINO.
There was a steady feeling in the Stock Exchange
this morning, out in the afternoon a rather marked
reaction was observable, and the several markets
closed with a heavy appearance. Consols receded
per cent., and the tendency of the railway market at
the close was downwards. The cause of the depres-
sion appears to consist chiefly in the anticipation of
an unfavourable Bank of England return for the last
week. Monday, it will be remembered, is the day
when the weekly balance sheet of the institution is
made up. Simultaneously with this, reports have
been revived that a further increase iu the rate
of discount may enter into the policy of
the directors. Money today was tighter in Lombard-
street, commanding three per cent. on discount. In
the Stuck Exchange there was also some pressure,
money being worth fully two per cent. ; but this
may be partly owing to this being settling day in the
railway, foreign stock, and general share markets.
Unfavourable rumours of a political nature were
also set afloat, as usual on such occasions, with a
view to aggravating the feeling of depression. Now
that the settlement of the railway account has been
concluded, there appears to be a renewed disposition
on the part of the' bears!' to operate; whilst it is
at the same time noticed that lkonajide purchases
have diminished since the late rise. Great Western
stock was heavy throughout the day, the half yearly
accounts of thus company being unfavourably re-
ceived.

Consols opened 991 to f for money, and 994 to
for the 10th March, but the final quotation of the
market was only 991 to 1 for time. Business was
upon a quiet scale. The official report embraces :
Three per Cent. Consols, for money, 991 I, ; ditto
for account, 994,1,1. Three per Cents. Reduced, 1001,
1. Three-and-a-Quarter per Cents.. 1031, 1. Long
Annuities, 1800, 61. Bank Stock, 228.
Tho transactions in Exchequer Bills were at 325.
to 55.. press. India Bonds were sold at 60s. prem.
Foreign Stocks were firm during the greater part
of the day, several descriptions realising a fractional
advance, but at the close the feeling was dull. No-
thing was done in Turkish scrip, which remains
quoted; to 1 prem. Bargains are thus marked :
Brazilian Four-and-a-Half per Cent 1832, 971 ;
ditto Five per Cent., 1843, 1013. Buenos Ayres Six
per Cent., 64. Granada Deferred Bonds, 111 1.
Mexican Three per Cents., 231. Peruvian Six per
Cents., 104. Portuguese Four per Cents., 381, 38.
Russian Four-and-a:Hall per Cents., 1031. Sardinian
Five per Cents., 941. Spanish Old Three per Cents.,
471; ditto New Deferred Three per Cents., for ac
count, 28th February, 221. Swedish Loan, 11, 2
dia.

The Queen of the Fouth, which sailed yesterday
from London for the Cape and Calcutta, took out
80,0001. in coin.

The interest due the Ist of March next on Danish
Five per Ceut. stock is duly advertised for payment
by Messrs. C. J. Hambro and Sou. At the same time
will be paid off 18 bonds of the loan of 1849,
amounting to 4,800 L, and 28 bonds of the loan of
1850, amounting to 4,5001.
The North and South Western Junction railway
is at length open for traffic. This short line runs
between Willesden and Brentford, connecting the
lines of the London and North Western and London
and South Western Railway Companies, and will
probably open up a large passenger traffic from the
north side of London. The opening of the line is
also calculated to prove a great boou to the public,
inasmuch as not only will much delay and expense
be saved to the shippers of goods from the manufac-
turing districts at the port of Southampton, but there
will also be a considerable diminution of the cart and
waggon traffic through the streets of London between
the termini of the lines in question. The line will
also bring the East and West India Docks in connec-
tion with Southampton.
Hamburg letters of the 11th, received this day,
mention that operations in bills had been checked by
the high prices demanded. Paper on London ruled
again 1 whining higher, being done at 13.31 to 4
for 3 months, and 13.51 to 1 for short. Money was
abundant at 2 per cent., and funds and shares were
in demand.

At the annual meeting of the British American
Land Company, held this day, the net profits fur the
last.year, arising from sales of land, timber, interest,
&c., were stated at 9,843'., out of which was declared
a dividend at the rate of 30e. per share, 15s. to be
paid from the 11th of April, and 15s. from
the 10th of October next. With reference
M the reported discovery of gold on this
esoipany's estates, the directors state that having
eseeived advices from the commissioner, dated Dec.
IS, acquainting them of the discovery of gold in
Sherbrooke and its vicinity, the information obtained
wss immeiiately and fully communicated to the
from which it will be observed that until
irnswaterelanialwide in the summer, it is not possible
tom ks further examinations. That gold does exist

hi the eastern townships. and that- it has been
worked on the river Chandiere, although in an us-
scientific manner, is beyond question ; but the dim-
tors state it would be premature to offer an opinion
es to the value of the recent discoveries, until further
and more extended investigation has been made.
They have, however, deemed it proper to apply to
the Canadian government for license to mine, as it
stay hereafter enable them to dispose of the com-
pany's property to great advantage. The assurance
Is at the same time given that any farther informs-
tian of importance obtained on this interesting sub-
ject will be promptly communicated to the proprietors.
In miscellaneous abates the chief movement was
in South Australian Land, which rose to 57, and
elated 53 to 56. Australian Agricultural were also
hatter at 232 to 237. B ink of Australasia shares
were in demand, and rose to 831. to 851. Those of
the South Australian Banking Company and Union
Bank of Australia are also better. There were
dealings in London and Westminster Bank, at 361 ;
Oriental Bank Corporation 46 ; Provincial Bank
of Ireland, 48; St. Katharine Docks, 99; South-
ampton Docks, 38; Peniasular and Oriental Steam,
86. Beziens and Gralleefelke Railway shares are
quoted to din.; Royal Swedish Railway, to
dis.; French South Eastern Railway, die. to per
Great Western and City Junction Railway, I die. to
prem. ; Bank of Asia, 1 to k dia.
The subjoined calculations show the rate per cent.
per annum yielded by our government stocks at
present prices. To render the results strictly accu-
rate, the proportion of interest which may have ac-
-1 trued since last dividend period should in each case
be taken into account. It should also be remem-
bered that the Three-and-a-Quarter per Cent. be-
comes a Three per Cent. Stock is 1854.

Int. per sent.
per annum.
Z 1 0 3
2 11. 11
3 3 1

Woe.
Three per Ont. Consols ....-..- 994
Three per teat. Reduced lOOl
hiewThrae-ande-Quarter per Cents
liana Stock (divtd ed calculated at tie
rata f7i per ant. per ananm)
India Stock: (dlv. at the rate of 10j per
cent. per annum)
Exchequer BUM Muth (Int. lad. per
net. per day) its. Dm. 34 Si
The publication of our weekly statement, showing
the rate of interest yielded by railway stocks at pre-
sent prices, is suspended until the dividends for the
last half-year are announced, as otherwise a false
idea of the comparative value of railway property
may be induced.
The quotations of stooks at Amsterdam on Sa-
turday are thus reported by telegraphic express :
Dutch Four per Cents., 931; ditto Two-and-a-
Half per Cents., 641. Spanish Deferred Three
per Cents., 22 13-16. Mexican New, 241 ; Por-
tuguese New, 381. The Spanish Committee. Certi-
ficates, 41 per cent. Spanish Old Three per
Cents. (English), 471. Austrian Five per Cent.
Metallic., 811.

3 3 6

THIS DAY—Two o'CLoor.
The English stock market opened at a rally this
morning, consequent partly upon the announcement
that the March Exchequer Bills are to be renewed at
an interest of Id. per day only, and partly upon the
,Paris advice.. Consols opened 991 to 3 for money

and the 10th March, and are now just a shade flatter,
at 991 to i for money. and 991 for time. The Three
per Cents. Reduced walk 1001 to : ; the Three-and-
a-Quarter per Cents., 1031 to 1 ; South Sea Old
Annuities, 99; ; India Stock, 209 to 266; Bank
Stock, 2271 to 228.

There is et present a general indisposition to deal
in the March Exchequer Bills, and the price is very
widely quoted 235. to 435. prem., this market being
quite unsettled by the government announcement.
Foreign stocks are steady, with very few transac-
tions. Granada Deferred Bonds mark 11; to 7, ;
Mexican, 231; Peruvian Actives, 104; Portuguese
Fours, 38 to I; Sardinian, 94;; Equador, There
has been no business worthy of notice in other do-
t scriptions.

LATEST FOREIGN EXCHANGES.

PARIS, VOL It
( ." I.
Ihrosey, Verolas Mignest. Los i,i.._s ti. OHM&
3 per Ceuta. .• : 99 811 SO 23 SO 45 SO 13 ,/0 U
4; per Cents., 1/23... . i _, .
1; per Cents.. Mt. 10;.110 I lei 96 10S • 101. 85 ', 106 83
4 ,er Cents.
I ...
3 per Cints.Newr ..
Excitants, on Londin: at sight, 25 7b; Ott days. 24 90.
6411d841.96X1519 Money - Sapies 1., me mDo. Do. 1 ....... ~.. 1 Somer. 5 per Cert ,93 ...
Do. 2 .
1 reesury lion& ...
... ...
Do. 1. 1862 - ire+ ..... IMO ..
PrAitts, Fes. 14.—St. Germain, 1,530 ; Versailles (rigia
lisak), —; ditto ;left binds), 340 • Ptris and Orli ens, new
10:0; Paris and Smola, 977 SO ; Sonic ant iiiifTP, 481; Massaille;
sad Ansnon (Converted, • Strasbourg sald Bade, 252 SO;
Northern, SP ; Pon, aid Sirs.bourg, :80 ; Pori. sod Lyons„
950; 1.70ns and Mediterranean. 717 50 : Montereou and Tram
tss ; t uist, 707 50; /Meanie sod St. Niter to Gray, 505; Paris eed
Cherbourg, SOS 75 ; Dijon and Besancon, 020; Midi, )70; Dieppe
and ['maw, 215; Andrezieux and Monism, —; Paris and Seemly
ISO: lionleaux rind Test., 230 ; Central titiisse, 423.
VIENNA, FEB. 12.—Five per Cent. Metalhques,
—. New Loan (Series A), —; (Series B), 1064;
Four-and-a-Half per Cents., 84. Bunk Shares, 1,374.
Exchange on London, 10.53.
llxauri, FEB. 12.—Voluntary Loan, 101: ; New
Loan, 44 per Cent. (1830), 103; ditto (1832), 102: ;
National Debt, 93;; Commercial Manna Society's
Premium, 148 ; Bank Shares, 1091.

for Al

COMMERCIAL AND MARKETS.

MINCING-LANE.-TILIS DAY.
SVGAR.—The market is firm, and the public sales are
going off freely, at full prices, with au occasional advance
of Gd. The refined market is steady, at last week's prices.
Grocery lumps, 45.. to 475. 6d.
COFFEE.—There has not been a public sale to-day, but
there has been an improved demand by private contract,
and the article has a very firm appearance.
SALTPETRE.-1,100 huge sold freely in public sale; re-
fraction 265. 6d. to 275.
CorroN.—About 400 bales sold yesterday on 'Change.
INDIGO.—The sale is progressing steadily.
In other articles no materiel alteration.