The Express.
London, England, 1853-10-11 00:00:00

MONEY MARKET.

MONDAY 3•111311110.
The English Stock market opened with an im-
proved appearance this morning, and, with the
commencement of the arrangements for the settle-
ment of the account, an advance of t per cent. was
at one time established, there being a decided im-
pression that the account would prove largely " over-
sold," and stock consequently scarce. At this point
however, the market suffered one of those sudden
relapses to which it has of late been liable. On some
influential sales, coupled with various unfavourable

rumours—the most substantial of which referred to
an alleged conflict between the Turks and Russians
—the price rapidly gave way nearly 1 per cent., and,
after a slight rally, closed at the depressed range
current on Saturday afternoon. The public continue
to buy stock, and a " backwardation" of 1-16 has
been paid to-day, but the " time" market for Consols
continues extremely sensitive.
Consols were first quoted 921 to 2, and soon
touched 921, thence declined to 911 to 921, and were
quoted at the official closing hour 92 to 1, both for
money and Thursday next. After that hour the
quotation was 92 to only. In the afternoon several
brokers came forward as " givers on stock," and the
" backwardation" appeared to pass off. The official
report of actual business is as follows:—Three per
Cent. Consols, for money, 921, 4, 92, 921 ; ditto
for account, 13th October, 921, 1, 92, 921; Bank
Stock for account, 220.
The market for Exchequer Bills fully maintains its
rally. The quotation was about le. higher to-day,
closing 4s. to Bs. prem. India Bonds were quoted par
to Os. prem.
In the foreign stock market prices were fairly
supported, business, however, being quiet. Russian
stoas were rather better in the morning, bat subse-
quently relapsed to Saturday's rates. In Buenos
Ayrean • sale is recorded at 58. At four o'clock
Mexican Bonds were quoted 24 to 4; Spanish
Deferred, 211 to 22; the Certifs., Sto 6 per cent.;
Granada Deferred, 8 to 81; ditto, Active, 20 to 22.
Peruvian Three per Cents., 49 to 31 ex div.; ditto
Four-and-a-Half per Cents., 69 to 71. Russian
Five per Cents., 112 to 114; ditto Four-and-a-
Half per Cents., 96 to 98. The list of sales in-
cludes:—Brazilian Old Five per Cent. Bonds, 971;
ditto, Small, 99, ex div. Buenos Ayres Six per
Cents., N. Dutch Two-and-a-Half per Cents.,
631, 63. Equador Bonds, 41. Mexican Three per
Cents., 241, 24, 4. Peruvian Four-and-a-Half per
Cents., 70. Portuguese Four per Cents., 43, 421.
Russian Five per Cents., 1141, 112#,113. Sardinian
Five per Cents., 92, 911. 'Spanish Old Three per
Cents., 45; ditto, New Deferred Three per Cents.,
211,
Money was easier to-day, and first-class short-
dated bills could be readily discounted at 41 per
cent.

The Oriental Queen has arrived from New South
Wales with 18,000 ounces of gold, valued at 72,0001.
Her dates extend to the 22nd June only.
The amount of specie brought in by the Niag .ra
from New York is only 181,000 dols., or about
36,2001. sterling, but the exchange on London was
firmer, and the private mercantile advice. now to
hand express an anticipation that gold will shortly
be sent to this side in larger quantities.
The steamers of the Imperial and Royal Danube
Company have stopped their communication with the
Lower Danube, below Orsova, as announced by tele-
graph in London this morning. This is owing to the
present uncertain state of political relations in that
quarter.
There were no acceptances of new stock at the
Bank of England, on this the last day allowed for
holders of Consols and Reduced Threes to make the
exchange. The total failure of the Chancellor of the
Exchequer in this branch of his financial plan is thus
rendered a fait accompli. The total amount of vo-
luntary acceptances is as follows :
Bank of England.

31. 10s. per Cents. £173,673 19 4
21. 10s. per Cents.
Exchequer Bondi 4,290 0 0

Total £1,763,636 6 3
It may be recalled to mind, as a curious fact, that
the act under which this voluntary conversion is
allowed provides that, in the interim. of the nation,
no larger amount than thirty millions of stock shall
be allowed to be converted.

Owing to reports of the actual commencement of
hostilities between the Turks and Russians, the
tallow market was decidedly firmer to-day, at an
advance of about 6d. per cwt. The closing price of
Russian was 675. 9d. for the last three months, and
58s. 9d. for January to March.
Notwithstanding the confirmation of the news of
the declaration of war by Turkey, the corn market
to-day was very quiet. Prices were rather irregu-
lar, but nominally the same as last Monday. We
hear qtno sales of floating cargoes.
It may to as well to repeat that to-morrow (Tues-
day) the new stamp duty will come into operation,
when every receipt for money paid above 21. will
require to be given on a penny receipt stamp: For
not cancelling an adhesive stamp by name or initials
of the person giving it the penalty is 101., and for
' using a stamp twice 201.
Wednesday next will be " making up" day in the
railway market.
The General Screw Steam Shipping Company's
steamer Lady Jocelyn is fixed to leave Southampton
for India on the 14th inst. The Natal, belonging to
the same company ' is to be despatched for the Cape
of Good Hope and Natal on the let Nov.
The Submarine and European Telegraph Compa-
nies have just opened offices at Gravesend, thus se-
curing instantaneous communication between
Gravesend, London, Dover, and Deal, and between
Gravesend and every town of imporlanee on the con-
tinent.

It appears we were not exactly correct in our
statement of the rate of interest allowed by the
London and North-Western Railway Company on
their debentures, although our general remarks on
the subject remain perfectly applicable. We under-
stand the company bare issued no debentures at 5
per cent., the highest rate yet allowed being 41 per
cent., for periods of three to five years. Compare-
tively.speaking, however, this rate is a high one;
and in view of the general upward tendency of the
money market, it seems probable that the sums ap-
plicable for dividend on many railway stocks will be
materially reduced by increased debenture and other
preferential charges.
Land shares to-day were steady and quiet. Au-
tralian Agricultural were quoted 11. higher. Bank
shares were also steady. Crystal Palace shares were
last quoted 1} to prem., and the new issue Ito
prem. East and West India Dock stock has been
dealt in at 135; and Peninsular and Oriental Steam
shares at 68!.
The seat of management of the Scottish Austra-
lian Investment Company has now been transferred
from Aberdeen to London, as signified in a formal
advertisement.

The second instalment of 21. falls due on the shares
of the Mediterranean Electric Telegraph Company
on the 18th inst.

The railway and other meetings to be held this
week are as follows:—Tuesday (to-morrow), Darenth
Valley Railway ; Wednesday, Waterford and BB
kenny Railway; Thursday, Royal Mail Steam Packet
Company and North British Railway Company ;
Saturday, Llanelly Railway and Dock Company.
Hamburg letters of the 7th mention that business
was almost suspended on the 6th, owing to the very'
warlike accounts from various quarters. There were
considerable orders in hand to buy sugar for some of
the Prussian refiners. Coffee was dull and rather
cheaper, cotton flat, rice and oils in demand. Spelter
ruled at 13.5. The grain market was dull, with few
buyers, except for barley, which continued inquired
for. The exchange market was less brisk, with the
rate on London ruling at 13.1. Money was tight at
43 per oat.

the re.
This was the sth day of the sales,
port of which is subjoined :
B catalogue commenced to-day. Previous prices have
been fully maintaiaed and strong support was gtven by
holders, but the sale has gone off flatly ; 2,244 chests have
passed to-day, of which 848 have been withdrawu, 796
bought in, and 600 sold. Total passed, 7,438 ebestt.
The Journal d'Anvers states that the works of the
railway from Antwerp to Rotterdam, and those of the
Campine Canal, which cross one another between the
Dam and Nferxem, employ at the present time more
than 2,000 workmen at this place alone. The two
bridges over the Schyn are almost completed, and the
men are working with astonishing rapidity at the
turning bridge, upon which the trains will cross the
canal. The engineers state that the line from Ant-
werp to Roosendael will be open for traffic on the
let of January next.
The subjoined quarantine notice has been re-
ceived:

Lisbon, 29th ept.
The port of Liverpool is to-day declared by the Board of
Health to be suspected of cholera from the 30th August.
Annexed are the latest reports from continental
bourses, as received by Mr. Neuter's express :
Amsterdam, Saturday, closing prices:—Dutch Four
per Cents., 93k; ditto Two-and-a-Half per Cents.,
611; Spanish Deferred Three per Cents., 21 5.16;
the Coupons, 5 5-16 ; the Old Three per Cent.
Foreign, 451; Austrian Five per Cent. Metal-
lies„ 771; Peruvian New, 681; Mexican New, 231;
Portuguese New, Vf ; Granada Active, 19 13-16;
American Bank shares, 4. These prices show •
little flatness. Austrian continues to decline. Vienna,
Saturday : Five per Cent. Metallic'', 91,1; exchange
on London, 10.54; Bank Shares, 1,290. Paris:
Closing prices of this day—Three per Cent. Rentes,
73.83; ditto Foar-and-a-Hall per Cents., 100.20;
Bank Shares, 2,810. This bourse exhibits a rally.

THIS DAY.—Two o'CLocx.
The funds showed a slight increase of firmness
this morning, but unfavourable political reports have
again become current, and the feeling of the mar-
ket is now decidedly flat. The highest price re-
alised for Consols is 92Z, for money, and the
present quotation is 911 to 92; for money and
Thursday, and 91; to 2 for the November account.
Transfers are now allowed, under certain conditions,
in other home stocks, and business has consequently
been rather more active. The Three per Cents. Re-
duced have been dealt in at 91 to 91i ex div. ; the
Three-and-a-Quarter per Cents., 92; to 93; ex div.;
Bank Stock, 218 to 219 ex div.; South Sea Stock,
111; ditto New Anna., 991; Exchequer Bills, 4s. to
%%prem.; India Bonds, par to 10s. prem.
The foreign stock market is dull, with little busi-
ness. Mexican is a shade flatter, at 231 to 24k.
The sales include: Spanish New Deferred, 21; to 1';
Venezuela Three-and-a-Half per Cents., 31 ; Dutch
Four per Cents., 93; ex div • Peruvian Four-and-a-
Half per Cents., 71; Danish Three per Cents., 81;
to 82; Buenos Ayrean, 571.