The Express.
London, England, 1853-11-29 00:00:00

MONEY MARKET.

MONDAY EVENING.

Although there has been no confirmation of the
sinister rumours prevalent on Saturday afternoon,
the funds have not recovered the sudden fall then
established. After a very slight fluctuation, prices
closed this afternoon at the final range of Saturday.
The market appears to be mainly affected by the
tighter aspect of the money market, which has cer-
tainly led to a freer supply of stock at the late rise.
As an evidence of this change, it maybe mentioned
that a " contango" of / has beea paid to-day by in.
fluential parties to " continue " Consols to the Janu-
ary account. The efflux of gold is regarded with I
considerable uneasiness, and aggravates the unfa-
vourable influence exercised by the unsettled state of
foreign politics. Throughout the day the market
was devoid of animation, and closed without feature,'
though fairly supported. The Paris bourse of to-
day was advised by telegraph as closing lower.
Consols opened 951 to 4, declined to 951- to 1, and
were quoted at the official close 93/ to Z, both for
money and the 6th December. This was also the
quotation current at 4 o'clock, after which hour the
tone was a shade firmer. The official business re-
port is as follows : Three per Cent. Consols,
for money, 951,1, 4,1, ; ditto, for account, 6th
Dec., 93:, 1, I, f. Three per Cent. Reduced, 94/, 1,1
4, 2. Three-and-a-Quarter per Cents., 961, 4, 96,
4. Annuities of 30 years, 1839, 3 1-16. South
Sea Stock,ll2/. Bank Stock, 219, 217.

Exchequer Bills remain quoted 3s. to Bs. pm.;
India Bonds were le. lower, at par to 3s. prem.
The foreign stock market was steady, with
a limited business. Mexican was a shade
flatter. Russian Stocks are still steadily supported.
At 4 o'clock Mexican Bonds were quoted 244 to
251 ex div. Peruvian Three per Cent., 49 to 51;
Granada Deferred, 7; to 8; ditto, Active, 19 to
21. Sardinian, 91 to 93. Spanish Deferred, 22 to 4;
the Certificates, 3to 51 per cent. Russian Five per
Cents., 11l to 113; ditto Four-and-a-Half per Cents.,
97 to 99. Sales are recorded as follows :—Brazilian
Four-and-a-Half per Cent. 80nd5,1852, 964. Buenos
Ayrean Six per Cents., for account, 16th December,
651,65. Dutch Two-and-a-Half per Cents., 64, 63;1;
ditto Four per Cent. Certificates, 951, 4. Granada
One-and-a-Half per Cents., ex Dec., 1849, coupon,
20; ditto deferred, 71. Mexican Three per Cents.,
24.1, 25 ex div. Portuguese Four per tents., 41,
1, -Russian Five per Cents., Ill; ; ditto Four-and-a-
Half per Cents., 99, 98. Spanish Old Three per
Cents., 46; ditto for account, 46; ditto New De-
ferred Three per Cents., 224; the Certificates, 51
per cent.
Money to-day was in goad demand, and the ruling
rate for discount of prime paper was 5 per cent.
We do not hear, however, of more than 4 per cent.
being allowed for money on call on the usual terms.
It is expected that 200,000/. in gold half imperials,
forming the balance of the remittances en account of
the Russian government, will be despatched to Rot-
terdam on Wednesday morning. No further ship-
ments of gold to Russia on merchants' account are
yet announced.
The arrival was to-day announced of the Indian
Queen, with dates from Melbourne to the 28th
August, being four or five days later than those pre-
viously to hand. The quantity of gold brought over
by this vessel was stated in the telegraphic despatch
at 38,992 ounces, valued at about 156,000/.
The dollars brought in last week by the Solent,
from the West lnlies,were sold to day, chiefly for
India, at ss. Id. per ounce, being the price realised
for the last large amount placed on this market. The
bar silver imported by this vessel has not yet been
sold.

At Mark-lane to-day the supplies of home grown
wheat were small; but of Irish oats there was the
large supply of 31,212 quarters. Of foreign wheat
the arrivals were also large, amounting to 34,382
quarters, chiefly from the north. The tone of the ,
market was dull. The market for English wheat I
was affected by the weather, and the sale was slow
at prices rather lower than those of last week.
Foreign wheat might also have been bought more
cheaply, had buyers come forward. Flour was in
little demand. New Irish oats were 6d. per quarter
cheaper. For floating cargoes of grain the market
was similarly heavy. Several cargoes have arrived
off the coast, and only one cargo is reported as sold
since Saturday.
Particulars have been published of the loan bonds
issued by the Paris and Rouen Railway Company in
1847 and 1849, which havejust been drawn for redemp-
tion, and arc now reimbursable at the rate of 1,230
francs each.

Hamburg letters of tho 25th report the money
market as easier at 41 to 5 per cent. Silver con-
tinued to be received from London. Bills on Lon-
don were in request, and the quotation was raised
I schilling, with takers at 12.151, and 13.1,1. Stocks
and shares were firm. The corn market was quiet,
and holders of wheat and rye were inclined to sell.
The lettere received from New York, by the Africa,
state that the supply of bills on Europe was still in-
creasing, and the consequent decline in rates had to
some extent checked the shipments of gold. Never-
theless, the Africa brings over 100,0001. sterling on
freight.

The late decision of the London and South-Western
Railway shareholders has led to the resignation of
Mr. Francis Scott, chairman; Mr. John Hibbert,
deputy-chairman ; and three of the Directors, viz.,
Messrs. John Mills, H. Ker Seymer, and Wm.
Reed.

The fourth instalment of I/. per share, making
51. paid, will fall payable on the shares of the
Netherlands Land Enclosure Company on the 30th
December.

The haltyearly interest, falling due the 15th Dec.,
on the seven per cent. bonds of the Matanzas and
Sabanilla Railway is duly advertised for payment
by Messrs. J. H. Schruder and Co.
The arrangement of the account in the railway
market to-day showed a fuller, though still a limited
supply of stock. Lancashire and Yorkshire stock
remains chiefly in demand for the settling, and com-
mands the highest rate of " backwardation." Lon-
don and North-Western was less plentiful than was
expected, and after commanding A to I " contango"
ruled at " borrowers" to k " backwardation" at the
close. The lighter shares were carried over on terms
much the same as those current at the last settle-
ment. Caledonians and Great Northerns continue
scarce, but generally the outstanding speculation for
the fall in this market appears considerably con-1
tracted. York and North Midlands and Dovers were
better supplied. Annexed is our list of the rates
current at the close, viz.
London and North Western borrowers to contango.
M idland
Lancashire and Yorkshire Ato A bockwardation.
Great Western •. even " to 1.16 ditto.
York and North Midland " even" to 1-16 contango.
Dover& -32 to 1-16 contango.
Great Northern " even" to 1.16 back-
wardation.
Caledonians
ation.
London and South Western 1-1 G to ji contango.
North British -32 contango.
Ozford and Worcesters -16 to I contango.
In French shares the " bear" account is greatly
diminished, and the shares usually dealt iu have for
the most part been continued" even?'
Land shares to-day were dull. Australian Agri-
cultural and Peel River were a shade flatter. Bank
shares were not much changed. Union Bank of
Australia shares closed 1/. higher. Crystal I'alace
shares were firm, being rather scarce, and closed 24
to 2; prem. The " backwardation" on these shares
was 1. St. Katharine Dock stock has been dealt in
at 93 to 93 ; Australian Royal Mail Steam (Si. paid),
31; General Steam Navigation, 261 ; and Portland
Iron Company, at par.