The Express.
London, England, 1853-11-30 00:00:00

MONEY MARKET.

TUUDAY EVININO.

The funds opened this morning with a rather
stronger appearance; but much heaviness became

observable as business progressed, and prices finally
closed at a further fall of 1 per cent. since yesterday.
The isersesed value of money, both within and out-
side of the Stock Exchange, appears to be the prin-
Gird fates affeatian the Consol market at the
meat sanest, bringing a supply of real stock
white is either bona fuk sold, or lent in the market.
One leading broker gave a " centime' of 3-16 on
100,0001. stock for the opening of the books in the
middle of January. It would appear that to this
change in the position of the Recount, and to
the disappearance of the pressure foe stock, the
weakness of the market is mainly owing. The
aspect of politics, however, which is generally inter-
preted as even less favourable than before, is not
without its influence; and the statement' of the
entry of a portion of the allied fleets into the Black
Sea were referred to as sensibly assisting the preva-
lent tendency towards depiession. The shipments
of gold to Russia and elsewhere, and the certaint
that the next return of the Bank of England will
show a remarkable decrease in the stock of gold,
also tend to discourage purchases. The late exten-
sive speculation for the fall having been mainly
closed, the market derives no support from this
source. The feeling at the close was rather weak,
one of the last operations of the day being a sale of
50,0001. stock for the January account. The Paris
bourse was reported by telegraph as closing rather
more firmly than yesterday.
Consols opened 951 to 1, improved to 954 exactly,
and were quoted at the official close 95 to 4 for
money and the 6th Dec., and 951 to 1 for January. i
At one period of the afternoon stock was offered at
93 ; but at the final close there were again buyers at
that figure. Money in the Consol market was worth
fully three per cent. The official business re-
port is as follows: Three per Cent. Consols,
for money, 931, 1,1, 93, 1, ; ditto, for account, 6th
Dec.,951, 4, 1,495. Three per Cent. Reduced, 941,
1, 1. Three-and-a-Quarter per Cents., 964, I,'-, 931.
Annuities of 30 years, 1859, 5. India Stock, 253.
South Sea New Annuities, 1001. Bank Stock, 218,
2171, 2181.
Exchequer Bills remain quoted ss. to Bs. prem.
India Bonds have rallied to Is. to 4s. prem.
TM foreign stock market was slightly affected by
the heaviness of Consols, bat in the main shows
much steadiness. Mexican and Spanish were both
flat. Buenos Ayrean Bonds maintain their late ad-
vance. Throughout this department much quietude
still prevails. At 4 o'clock Mexican Bonds were
quoted 241 to 23 ex div. Peruvian Three per
Cents., 49 to 51; ditto Four-and-a-Half per Cents.,
71 to 72; Granada Deferred, 71 to 8; ditto, Active,
19 to 21. Sardinian, 911 to 921. Spanish Deferred,
211 to 224; the Certificates, sto 51 per cent. Rus-
sian Five per Cents., 111 to 113; ditto Four-and-a-
Half per Cents., 97 to 99. The list of sales embraces :
Brazilian Five per Cent.,1829 and 1839, 971. Buenos
Ayres Six per Cents., for account, 16th December,
6/1,66. Chilian Three per Cents., 75. Danish Five
per Cents., 102. Dutch Two-and-a-Half per Cents.,
631, 64; ditto Four per Cent. Certificate ,954, 4, 4.
Granada Deferred Bonds, 71. Mexican Three per
Cents., 241, 1, ex div. Peruvian Three per Cents.,
501. Portuguese Five per Cents., 1841, 44; ditto
Four per Cents., 42,41 i. Sardinian Five per Cents.,
92, 91/. Swedish Four per Cents., -Provincial
Mortgage LOW, WI.
The amount of gold to be sent by steamer to-morrow
morning to Rotterdam on account of the Russian
government is about 150,0001.
In the inaeket for foreign exchanges to-day the
rates were Cleuldudly more in favour of this country.
Bills on Paris were done as high as 25.30 at 3
months, and 25.05, at short. On Amsterdam the
current rate was 11.16; on Hamburg, 13.51 to 1;
and on Frankfort, 1181 to 1191. The supply of paper
was more considerable than has been noticed foe some
timepast; and from the numberof bills which remained
undisposed of, the market may be said to have closed
with an upward tendency of quotations on some
places the exchange on which has for some time past
ruled at an unusually low range, including more
particularly Hamburg and Amsterdam. These
markets, however, are more affected by the movement
of silver than of gold. Bills on Vienna, Trieste, and
all Italian places were much offered. The rate on
St. Petersburg is unaltered, but there were con-
siderable transactions at 38 to 381 & In explanation
of this alteration inithe aspect of the exchanges, it
may be mentioned that the late shipments of specie
and bullion to the continent are calculated to operate
in this direction ; whilst the tighter aspect of the
London money market also tends to cause more dis-
position to draw bills on continental cities.
Up to this afternoon the demand for gold for ship-
ment to France has continued without intermission,
and the available imports have been taken readily for
- that quarter. It remains to be seen if the rally in
the exchanges will check this movement.
- The Panthea, from Sydney, the arrival of which
we have before reported, has no gold on freight.
From a list drawn up by. Mr.. Miller, of the
Jerusalem Coffee House, containing particulars of
the vessels which are preparing to enter outwards
from Gravesend for Australia during the month of
December, we have compiled the annexed particu-
lars :
For No. of Vessels. Tonnage.
Victoria
New South W ales l5 .... 11,620
Hobart Town 4 .... 1,900
Latuseeston
Adelaide
Western Australia 3 1,996
New Zealand 3 1,626

Total. —Vessels 69 Tons 42,3.50
The corresponding statement for the previous
month showed a total of 78 vessels, or 46,942 tons,

. .
so that the table for December ;bows a eight de-
crease. For October the total was 114 vessels, or
67,717 tons; for September, 118 vessels ; and for
August, 98 vessels.
Land shares to-day were quiet at former prices.
In Bank shares there was also an absence of fluctua-
tion. Crystal Palace shares are fairly supported.
The General Screw Steam Shipping Company's shares
have been dealt in at 131 (184 paid), and, Royal Mail
Steam at 621.
With reference to the Bombay, Baroda, and Cen-
tral India Railway, and to the mismanagement of
Indian railway affairs generally, a correspondent
writes as follows :—Wo notice a very lively discus-
sion is going on in the Indian papers relative to this
projected line, which seems to engage much atten-
tion there.
Sir,—Will you allow me to trespass on your valuable
time and space for the insertion of the following :
Is the Baroda and Central India Railway likely to share
the same fate as the Upper India Railway, and be sacrificed
at the altar of monopoly ? The fate of the Upper India
RAlway is thus, lam told—A company, comprised of some
of the ablest and most energetic talent of the day connected
with Indian affairs of that nature, after being twice brought
i before the public (the first time 6 or 7 years back, and again
lin 1852) after having matured all its plans for carrying a
railway through Upper India—a country possessing inex-
haustible capabilities for commerce—is forced to amalga-
mate with the existing monopoly, i.e., the East India
Railway, assisted by the father of all monopolies, the East
India Company, on terms most unjust. Is not this so ? If
it is, 1 fear I must give up all expectations of benefit from
the Bewails and Central India Railway, and turn my &Wu-
! tion elsewhere for an investment. Fur if it be true that
the Upper India Railway Company could raise when
formed double the amount of capital required,
1 the shares bearing a premium of 251. and 301. upon the
• 2s. deposit, how will that compare with the present
lstate of things? I understand the East India ltailway can-
not raise more than 160,000/. of their extension capital.
When will the poor Indian be raised above the level of a
mere animal? Not, in my humble epinion, till war and
unjust acquisition of territory and monopoly make way,
and encouragement is given to the free exercise of talent,
energt,coauundt Capital
world.i in developing
richl county sir, your most obedient servant,
ILondon, Nov. 23. FIAT JUST MA.