The Express.
London, England, 1853-09-06 00:00:00

MONEY MARKET.

MONDAY EVENING.
The English stock market showed firmness in the
early part of the day, but this disappeared in the
afternoon, and prices finally closed at a reduction of
per cent. Unfavourable rumours relative to the
Eastern question seem to have chiefly affected the
market, but there can be no doubt a depressing in-
fluence is exercised by the threatened defidiency in
the harvest, the tightening of the money market,
and the effiux of the precious metals. In the after-
noon reports were current of an approaching rise in
the rate of discount at Paris.

Consols opened at 971, ■nd improved, on some un-
important purchases, to 971 to 1, but a subsequent
reaction carried the price down to 971 to Z for money
and Thursday, and 971 to 1 for the 13th October, at
which the market closed. with a dull appearance.
The " contango" rules at 1 to 3-16. The official
business report includes :—Three per Cent. Con-
sols, for money, 971, 1, 1 ; ditto for account, Bth
Sept., 971, 4, 5. Three per Cent. Reduced, 981,
1, 1. Three-and-a-Quarter per Cents., 1001,
India Stock, 236. Bank Stock, 2275. South
Sea Stock, 1151.
Exchequer Bills remain quoted 2s. die. to Is.
prem. India Bonds were flat at 13s. to 16s. prem.
The foreign stock market was totally devoid of any
feature of interest, this department of the house being
deserted. Prices show scarcely the slightest change.
lAt four o'clock Mexican Bonds were quoted 26 to
; Peruvian Deferred, 58 to 60 ; Spanish Deferred,
23 to 1; the Committee's Certificates, 6 to 61
per cent.; Granada Active, 23 to 24 ; ditto Deferred,
91 to 10. The list of the day's sales includes only
Austrian Five per Cent. Bonds, 1852, 995. Brazi-
lian Four-and-a-Half per Cents., 1862, 991, 981.
Danish Five per Cents., 1044 ex div. Granada De-
ferred Bonds, 95. Spanish Old Three per Cents.,
471 ; ditto New Deferred Three per Cents., 231, 5;
ditto Passive Bonds, 65.
Money to-day was in good demand, with the rate
for discount of first-class paper ruling at 3/ to 4 per
cent. Generally, however, there is little disposition
to grant accommodation unless at the higher rate.
Gold has again been sent to the continent to-day,
but not in large amounts.
A considerable portion of the silver brought in by
her Majesty's ship Daedalus was sold to-day at
ss. 25d. per ounce standard for bars, and ss. 05d.
per ounce for dollars. The demand was still for
India and China. The supplies by the Magdalena
have not yet been sold.
The letters from Odessa extend to the 26th Aug.,
and report a very large business in grain. Sales of
wheat to the amount of about 65,000 quarters are
reported. Although intelligence had been received
there of the lowest quotations from this aide, prices
were firm, owing to the great demand for French,
Italian, and other Mediterranean ports. It is
noticed that, of the heavy shipments made from
Odessa during the last three months, by far the
larger proportion was for Mediterranean ports, and
very little for Great Britain. The stocks of grain
were very heavy, being of wheat 850,000 chetworts;
of Indian corn, 200,000 do. ; of linseed, 30,000 do. ;
and of rye, 50,000 chetworts. Ship room continued
very scarce, and the high rate of 120 s. per ton of
tallow had been paid for London, at which
rate vessels could not be obtained. The crops
throughout the south of Russia are described as ex-
cellent. Exchange on London was quoted 21.121 to
21.15 per pound sterling, or equal to about 395 d.
per silver rouble at St. Petersburg. The latter is
the chief Russian exchange market, there being
but a very limited market for bills at Odessa, and
it thus happens that the precious metals are ordi-
narily transmitte to St. Petersburg for despatch
to the south. An, during the season when steamers
run direct between England and St. Petersburg, it
pays to send gold to the latter port with the ex-
change at 385 d., it is obvious that remittances at
present rates must leave a considerable, profit, even
after making allowance for the charges at•ending
its transit overland to Odessa. No doubt whatever
is entertained that, during the next few weeks, very
heavy amounts of gold will be sent from England to
Russia.

In the corn market to-day trade ruled dull, the
effect of the interference of the French government
with the ordinary course of the market being still
felt. For wheat prices ruled much the same as last
Monday, the improvement of Friday being lost.
A call of 11. 10s. falls due on the "bares of the
Wimbledon and Croydon Railway Company on the
28th inst.

The Africa brings no specie from New York, but
the position of the markets there appeared to he
more satisfactory. The exchange market was
steadier, but the quotation was only 1081 to lo9l—.
a rate too low to allow of specie remittances to this
side. The annexed useful resume of the market is
contained in the circular of Messrs. Cammann and
Co., dated August 23 :
The pressure for money which existed at the date of our
last circular has somewhat abated. Loans on demand can
now be obtained quite readily at 7 per cent. kates of iiis-
count have declined to 9 to 12 per cent. The weekly reports
of the banks in this city, published thin day, exhibit a con-
siderable accession of strength during the fortnight, as will
be seen by the following comparative statement :
Loans. Specie. Circalatie.n. Deposit&
dot,. doia. dole.
August ... 97,1199.717 9,716,452 9,510,465 '511,410,756
Aug t :0.. 91,074,7 al 11,034,774 9,389,727 57,367,723

Decrease ... 3,824,900 ... 130,795 1,103,533
lneresae . . 1,395,822
The increase of specie in connexion with the momentary
cessation of the export of gold to Europe, is regarded as a
favourable feature, and there is, generally, a b. tter feeling
in Ow stock market, although later accounts relative to the
Turkish question are looked for with considerable anxiety.
Our quotations are rather lower than those given in our
laq report, but they show a slight reaction from the lowest
point, and the downward tendency of prices is apparently
checked. From the present position of the market, it ap
pears probable that, if peace is maintained in Europe, the
future tendency will be to an improvement. Offici.l notice
is given that the Secretary of the Treasury will. purchase,
at any time previous to Ist December, 2,000,060 dots. of
the United States loans, redeemable in 1856 and 1862, at
1081 and inter. at for the former, and 116 and interest for
the latter. It is matt d that 1,000,000 dais. of the leans of
1867.8 have been presented for red. mption under the pre-
' vious notice. The receipts of gold Irani California for the
fortnight amount to 1,500,000 dole. Themarket for foreign
exchanges is more regular, and rates are firmer, in conse-
quence of the accounts p. r Arabia, received this morning.
Australian Agricultural shares slightly improved
in the morning, but subsequently relapsed to Satur-
day's range. Peel River closed rather better, at
to prem. North British Australasian were quoted
1- 16 die. to 1-16 pem. Batik of Australasia el i
shines
deolined V., other bank stocks remaining at about
Saturday's prices. London Dock Stock mark. 121
to 12V; St. Katharine Dock, 98 to 99; ; and I'enin-1
solar .And Oriental Steam, 761 to 77. Berlin Water-
works shares were quoted ,t die. to is prem. Crystal
Palace si'utres closed 1 13-16 to 1 15.16 I'rem. and
the two Paris Water Companies' shares, oar to
prem.
The condi.'ion of the Lyons silk market is thus re-
feared to by :Venn. Milsom and F. Poy, ture'er date
Ist. Sept.:
The extraordinsry activity of business during the econth
of July has been sure used by that of hut month, anti Our

condition has received the number, never attained before,
of 3,249 balm The rise, so rapid in July, made further
progress in August, particularly in thrown silks. Oar
manufacturers, anxious to secure silk, and not finding it
ready on the market, are continuing to make contracts far
large paroels, the deliveries to run till March next; bur all
mill, being full, such contracts are not so often entered into
as manufacturers would desire, in consequence of the impos-
sibility of getting the raws worked.

Annexed are the latest reports from continental
bourses, as received by Mr. Reuter's express
Amsterdam, Saturday, closing prices:—Dutch Four
per Cents.,- 95k ; ditto Two-and-a-Half per Cents.,
634; Spanish Deterred Three per Cents., 234;
the Coupons, 6Z ; Austrian Five per Cent. Metallic's,
82Z; Mexican New, 25 11-16 ; Granada Deferred,
9 9-16; ditto Active, 22; Portuguese New, 404;
Peruvian New, 81.
Paris closing prices of this day :—Three per Cent.
Rentes, 79; ditto Four-and-a-Half per Cents., 105;
Bank Shares, 2,800. The French funds are shown
to have given way.

THIS DAY.—Two o'Ci.ocK.

Depression continues to prevail in the English
stock market, and pekes to-day are again rather
lower. Ctlnsolis have been for a short time main-
tained at 974 to but the present quotation is only
974 to for money and Thursday, and 97; to for
the 13•11 October. The Three per Cents. Reduced
mark 97'4 to 984 ; the Three-and-a-Quarter per Cents.,
1001 to 4; Bank Stock, 227.
Exchequer Bills are lower, sales being marked at
2s. and 3s. die.

Business continues nearly suspended in the to-
reign stock market, which rules fie. Mexican ham
receded to 264 to Grenadian Actives, have been
sold at the reduced price of 22j. The only other
sales recorded are Sardinian Fives, at 96; and Bra-
zilian Four-and-a-Half per Cents., at 99.