The Express.
London, England, 1853-09-13 00:00:00

MONEY MARKET.

MONDAY EVENING.
General depression again prevailed to-day through-
out the Stock Exchange, the upward tendency of
money, and the effinx of gold still aggravating the
adverse influence exercised by the Russo-Turkish
quarrel. The funds have experienced a further fall
of per cent., and closed without recovery. The
railway market has been in a state of panic nearly
all day, and also closed at its worst point, 1. e., at a
fall of 3 and 4 per cent. and upwards in some cases.
Large sales of pawned railway stock have been
effected to-day and during the last week, and the
" bears " are thus encouraged to press sales in every
direction.

Consols opened 961 to ; for money, and 96: to a
for the 13th October, being a further reduction of a
per cent. on Saturday's rates. Sales were effected as
low as 961 per cent., and the closing official quota-
tion at 3 o'clock was 961 to ai and 961 to a re-
spectively. Immediately afterwards the market be-
came unsteady at 96 to for time, but tho final
quotation at 4 o'clock was 961 to a. The transac-
tions in Consols have been numerous, the other
stocks being shut. The official report includes—
Three per Cent. Consols, for; money, 96Z, 1,1, a,
1, tl ; ditto for account, 13th October, 961, f, ' I,
01 ; Three-and-a-Quarter per Cents. 991 ; Long
Annuities, 1860, 5 13-16; India Stock, 253, 254.1.
Exchequer Bills were rather lower to-day, at 3s.
dia. to par. India Bonds were flat, at par to ss.
prem.

- Foreign stocks were generally quoted at a reduc-
tion, but rather from sympathy with the general
depression of the Stock -Exchange than from actual
business, the account in this market being very
limited. Mexican and Peruvian have again given
way, but Spanish is comparatively steady. At 4
o'clock Mexicali Bonds were quoted 251 to 2„
Peruvian Deferred, 56 to 58 ; Spanish Deferred,
221 to e ; the Committee's Certificates, 51 to 61
per cent. ; Granada Active, 22 to 23; ditto Deferred,
91 to Tho list of sales includes :—Brazilian Old
Five per Cent. Small Bonds, 1021; ditto, Four-
and-a-Half per Cents., 1852, 98; ditto Five per
Cents., 1829 and 1839, 1011. Dutch Two-and-a-
Half per Cents., 64 t, 3, 3. Granada Deferred
Bonds, 91, I, 1. Mexican Three per Cents., 26L 1.
Peruvian Four-and-a-Half per Cents., 79, 78 ex
div. Portuguese_ Four per Cents., 44, /. Russian
Five per Cents., 115, 1141 ex div. • ditto Four-and-
a-Half per Cents., 101, 3. Sardinian Five per
Cents., 94, 3. Spanish Old Three per Cents., 461,
47; ditto New Deferred Three per Cents., 22, ;
the Committee's_ Certifs., 61, 8 per cent.
Money tacky was again in active demand. The
leading discounters are understood, in the case of
really first-class paper, to grant accommodation at
the Bank minimum rate of 4 per cent. ; but in some
instances 41 and upwards is charged, and in all cases
there is a tendency to exact higher rates on inferior
paper.

There was a renewed demand to-day for gold for
remittance to the Continent.

The arrival was to-day reported of three vessels
from Australia, viz., the Kent from Port Philip, the
Cornhill from Hobart Town, and the Ann Mile from
Portland Bay. The Kent brings over 26,263 ounces
of gold, valued at about 106,0001. The Cornhill is
also understood to have gold on board. The Alba-
tross has likewise arrived at Liverpool from Mel-
bourne, but we have at present no further particulars
respecting her.
We are enabled to state that policies of insurance
have been opened on the steamer which will leave
Hull for St. Petersburg in the middle of this week
for the large sum of 400,0001. in gold, so far as we
can ascertain. Probably further sums will be de-
spatched by the same opportunity. What amount of
gold the London steamer will carry out to the same
quarter cannot yet be ascertained ; but this medium
of remittance is not such a favourite, owing to the
London packet calling at a French port on her out-
ward voyage. The exchange from Odessa comes
higher, viz., at 21.26 per pound sterling, equal to
390. per silver rouble at St. Petersburg. Should
this exchange continue to rise, there would
be less disposition to send gold from this
side ; but at present rates such an opera-1
tion pays well, the rate of 39d. leaving a
margin of profit on the shipment of gold from
England to St. Petersburg. In explanation of this
movement of the Odessa exchange, it is suggested
that large sums of money must have been remitted
from St. Petersburg to Odessa to buy bills ; other-
wise, with so large a business doing at the latter
port in produce, the exchange would probably have
experienced a further decline, instead of rising. This
operation, as between St. Petersburg and Odessa,
would have been a profitable one. The expense of
sending money between these two points of Russia
is about # per cent.

The America has brought in 127,569 dollars, or
about 25,500/. sterling, from Now York, the ex.
change having become slightly more favourable for
this country.
_ -

In consequence of the unusually large arrivals of
grain from the north of Europe the corn market to-
day was quiet. Prices, however, may be reported
steady, there being no disposition to sell at reduced
rates. Fair qualities of wheat were more in demand,
the condition of the new wheat of English growth
being very indifferent. For floating cargoes stiff
prices are demanded.

The tallow market to-day was very firm. The
closing price of Russian tallow, for delivery in the';
last three months of the year, was 335.
Hamburg letters of the 9th, report a rise in the
rate of discount to 4} per cent., owing to the drain
of silver from the bank of that city. The exchanges
on London and Paris were lower. The last steamer
from Lubeck to St. Petersburg had taken 13,000
half imperials, and 23,0001. worth of silver; and the
letters state that the next steamer would carry to
Russia double that amount of silver, and no less than
350,000 half imperials, or about 288,0001. in gold.
Coffee was in active speculative demand. The corn
market was dull, and the French orders for buying
wheat were said to have been withdrawn. Funds
and shares were flat.

A sixth dividend, amounting to Bs. per share, falls
payable on the shares of the Patent Alkali Company
on the 4th October.

Miscellaneous stocks were generally very heavy to-
day. Australian Agricultural fell 3!., closing 27 to 29.
Peel River were quoted at 4 o'clock a to dis. ;
South Australian Land, 28 to 30; and Van Dieman's
Land, 13 to 15. Bank shares were also very heavy.
Australasia and South Australian fell 2!. per share.
All other stocks of a miscellaneous nature were
similarly depressed, and in many cases, virtually
unsaleable. Berlin Waterworks mark 10s. dis.
Crystal Palace shares closed to 11 prem.
Annexed are the latest reports from continental
bourses, as received by Mr. Renter's express :
Amsterdam, Saturday, closing prices :—Dutch Four

per Cents., 95k; ditto Two-and-a-Ralf per Cents ~
63 ; Spanish Dela% cd Three per Cents., 221;
the Coupons, 61; Austrian Five per Cent. Me-
tallic., 82; ; Mexican New, 251 ; Granada De-
ferred, ; Portuguese New, 401.
Paris closing prices of this day :—Three per Cent.
4tentes, 77.6 U; ditto Four-and-a-Half per Cents.,
101.60 ex coupons; Bank shares, 2,800. The
Three per Cents. show a considerable decline.
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-
crued
taken
sinejuetlo acast
cdoiuvnitend period should in each case
be

Three per Cent. Consols
Three per Cent. Reduced
Bank Stock (die. at the rate
• of 7 per cont. per annum)
India stock - - -
Exchequer Bills (interest
Id. per cent. nerduy) par 1 10 5
Annexed is a statement (extracted from the Liver-
pool Weekty Share List) showing the rates yielded
by ordinary railway stocks at present prices.

Int. per cent.
Price. per annum.
961 2 2
shut 0 0 0

shut
232

Int. per ct. per annum et
the rate of dividend paid
Pres. Price. RATLIVAT. Lust 1 year. I.wt year
I?
Liverpool. Crosby, and Southport ad 414 14 5 0 0
101 Lon lon. Brighton, and South Coust ad 3 II 34 4 7 1/
26 South Eastern
27 York and North Midland
13 Leiters Counties .s 4 316 11 4 4 7
63 Midland Great Western—lreland._ .. 4 0 71 4 9 7
63 London and South Winless id 1 4 4 110 4
86 Great Wertern ad 4 IS 01 4 12 0
66 Midl..ndStdek xd 4 18 51 4 IS 6
100 Briool and Exeter ad 110 * 410 0
17 York, Neweartle, and Berwick 4 8 21 4 8 2
89 Midland, Birmingham, sad Derby
105 Landoter and Carlisle 9 16 Si 3 16
117 London end North Western Stuck
13 Loudon and North Western Fifths ...ad 414 3 412 3
361 Edinburdli and GLasgew 4 2 2 4 2 2
174 fleet Laurnwhire ad 4 3 8 1 1 8
48 Dublin an .1 Belfast .. —.... . ad 113 9 4 8 6
16 Gt. Southern and Western—lreland ad 1 1 91 4 1
79 Llne.irliire and Yorkshire Stock
67 GI i•gow and South Western
S 2 Caledonian 3 2 6 110 84
21 Great Northern 3 2 6 3 2 6
194 Chester and Birkenhead 3 3 24 3 0 0/

THIS DAY.—Two o'Ccoex.
The English stock market opened with increased
heaviness this morning, and sales have been pressed
at a great reduction in price, but a sensible rally
has since taken place. Consols opened 931, to 96 for
money, have since been sold as low as 95a,
and are now quoted 951 to 96 for cash,
and 96 to for the 13th October. The con-
tango to the account has increased to-day. Bargains
are recorded in no other stock in this department.
Exchequer Bills mark 2s. to 3s. die., and India
Bonds, 2s. to .3s. prem.
Foreign stocks are generally lower. Mexican has
fallen to 241 to 23. Spanish Deferred has
' been sold as low as 22k, and is now quoted 22; to ;
Buenos Ayrean Bonds mark 64; Russian Fives, 116
ex div. ; Spanish Old Threes, 461 to ; the Certi-
ficates, 61 per cent.; Dutch Two-and-a-Half per
Cents., 631 to 64k.