The Express.
London, England, 1853-11-03 00:00:00

MONEY MARKET.

WEDNESDAY EVLNINO.
The funds opened this morning at a decline of
per cent. from the closing quotations of Monday,
owing to fresh telegraphic despatches confirming the
intelligence received yesterday of the passage of the
Danube by a portion of the Turkish army. Money
purchases, however, being actively renewed on the
fall, and including a purchase of 80,0001. stock by

an influential broker for immediate transfer—an
operatiou understood to be for a trust account—the
speculators for the fall also came in as buyers, and,
at the final close, notwithstanding the threatening
character of the news from the East of Europe, prices
stood at a rise of fully 1 per cent. on the closing range
of Monday. The character of the Consul market
remains intrinsically good, being at present mainly
influenced by the usual law of supply and demand.
It is quite obvious that stock is still being gradually
absorbed by the public, the sales, on the other hand,
being chiefly speculative. Stock is still much
wanted for immediate delivery, and the scarcity to-
day was more felt than for some time past. In
illustration of this it may be mentioned that money
stock has commanded 7, per cent. higher than the
quotation for the account. Brokers desirous of in-
vesting comparatively unimportant sums were com-
pelled, in several instances, to buy for the account,
owing to the extreme unwillingness and indeed ina-
bility of the jobbers to supply it for immediate trave-
ler. This, added to the continued uneasiness that
prevails amongst the speculators for the fall, may be
taken as affording the chief explanation of the pre-
sent singular firmness of the market in the face of
the aspect of politics.
Consols were first quoted this morning 921 to
931 for account, declined to 93, "sellers; rose to 931
(even touching 931 for cash), fell to 931 to 1, and
were last officially quoted 931 to 94 for money, and 93'4
to for the 10th November. After three o'clock
there was a further advance, the account price at
fear o'clock being 94 to 1, and, after that hour, 941
to 1. Business in this department of the market
continues characterised by considerable activity.
The official business report is as follows :—Three per
Cent. Consols, for money, 931, 921, 931, ; ditto,
for account, 10th Nov., 93,1, 921, 931, 1, 1. Three
per Cent. Reduced, 911, 921. Three-and-a-Quarter
per Cents., 941, 1,931, 944, 94, 941. Long Annuities,
1880, 5 3-16, 5 3-16. India Stock, 248. South Sea
Stock, 113; ditto, Old Annuities, 991. Bank Stock,
214, 213, 213.
Exchequer Bills showed little variation, closing
par to 4e. prem. India Bonds were quoted 2s. die.
to 2s. prem.
The foreign stock market was fairly supported,
though deficient in business. Mexican was in re-
quest, and closed firm at a further decided improve-
ment. Other stocks show little change in prices.
At 4 o'clock Mexican Bonds were quoted 261 to 1.
Spanish Deferred, 211 to 22; the Certifs., 41 to 31
r cont. Peruvian Three per Cents., 49 to 51.
Granada Active, 19 to 21 ; ditto Deferred, 71 to 81.
Russian Five per Cents., 112 to 114; ditto Four-
and-a-Half per Cents., 97 to 99. The list of
sales is as follows: Brazilian Old Five per Cents.,
small bonds, 98. Buenos Ayres Six per Cents., 58.
Dutch Four per Cent. Certificates, 941, 1. Granada
Deferred Bonds, 8, 81. Mexican Three per Cents.,
251, 26k, N. Peruvian Four-and-a-Half per Cents.,
713, 71, 701. Sardinian Five per Cents., 921.
Spanish Old Three per Cents., 45; ditto New De-
,
ferred Three per Cents., 211, 1 ; the Passive Bondi
(Converted), 41; the Committee's Certificates, 5 per
cent. Venezuela Deferred One per Cent., 131.
A portion of the gold brought in by the Argo
from Australia was to-day presented to the Bank
for purchase ; and the bulk of the remainder will
probably be sent in to-morrow.
It is expected that the steamer of the Peninsular
and Oriental Steam Company, which is fixed to leave
Southampton for Alexandria ou Friday next, will
take out specie and bullion to the value of between
300,0001. and 350,0001., chiefly in silver, for the
East.
By the courtesy of the secretary to the Royal Mail
Steam-packet Company, we are informed that the
particulars of the specie brought in by the Magda-
lena, from the West Indies and Mexico, are as
follows :—ln gold, 26,9041. ; 482,192 dole. 64c. ; and
7,5671. in gold dust. The total value of this is about
130,0001. As has already been stated in the Daily
News, the specie awaiting shipment at Vera Cruz
was left behind owing to the tempestuous weather,
and will therefore tend to increase the cargo of the
next homeward boned packet.
The subjoined communication is of importance, as
affecting the interests of the Mexican bondholders:
The Committee of Mexican Bondholders have saviors
dated Mexico, the 2nd ult., from Mr. Falconnet, who in-
tended to return to London by way of the United States in
the souse of the present month, or at least by the next
direct packet. The government had instructed Messrs.
Basing, Brothers, and Co. to pay over 4,5411.9,. 6d., being
the balance of their account, to the credit of the dividends
fend at the Bank of England, and the packet brings for
the same fund from Tampico 28,134 dole. 33e. ; 13,985 dots.
12e. had also been shipped by the agents of the bondholders
in San Bliss by ll.M.'s ship Cockatrice for Panama, to be
forwarded to London per next Chapel' steamer. This will
brlsg up the dividend fund to above 120,0001, although
there is no remittance from Vera Cruz this month. But
the Mexican government, anxious that the half-yearly
dividend due since let July, 1852, should be raid without
say further delay, bad by an arrangement dated 29th Sept.
last mortgaged the ace of the bondholders for 250,000
doh. to Messrs. Jetker, TORO, and Co., and have by this
packet remitted 50,0001. in a bill at eight to Col. Facio, with
instructions to advertise the payment of the said dividend
Immediately. Mr. Falconnet, considering that the accelera-
tion of the payment of a dividend even by a month would
be very acceptable to the bondholden, did not hesitate to
give his consent to this arrangement, as the greater par: of
the cost of it was to be paid by the Mexican government.
It was estimated that the duties on the cargoes entered in
the month of September last would in Vera Cruz amount to
632,200 doh., and in Tampico to 186,550 dole ; together,
718,750 dole., of which one-fourth will be for the dividend
fund of the foreign debt.
The warlike tenor of the advices from the East of
Europe induces great firmness in the tallow market.
The price to-day was again 3d. per cwt. higher,
closing 565. 6d. for November and December de-
livery.
To-day, the fine weather having allayed the fears
excited by the late heavy rains, the corn trade
ruled very quiet ; and the few retail sales effected
were at Monday's rates for all articles except oats,
for which, owing to the small arrivals, more money
was asked. The supply of home-grown corn at this
day's market was small, and that from abroad
moderate, since last Saturday. In floating cargoes,
of which there are very few arriving and few offer-
ing on sale, nothing was done, as far as could be
ascertained; importers ask full prices. The country
markets held yesterday are reported firm, but without
animation. At Liverpool the advance of Friday was
lost. The French mail to-day reports steady markets,
but without animation. At Odessa freights have
receded to 1325. per ton (about 198. per quarter) for
the United Kingdom.
Land shares to-day again met with numerous
transactions, but prices were less buoyant. In the
leading Australian descriptions a relapse of 11. to 30s.
per share took, place. Bank shares were scarcely
changed in price. Crystal Palace shares were steady
at Ito 1 prem. The shares of the Australian Royal
Mail Steam Company have been dealt in at 31 (Si.
paid); St. Katharine Dock stock, at 93; and General
Screw Steam Shipping (181. paid), at 131.
The subjoined notice of the silk market is extracted
from the monthly circular of Messrs. Waithman and
Co., dated Nov. 1:
The silk market has been quiet during the past month,
but the trade generally continues good, and the deliveries
show undiminished consumption ; the !nine are fully em-
ployed, and as yet there is no accumulation of thrown silk.
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