The Express.
London, England, 1853-09-27 00:00:00

MONEY MARKET.

MONDAY MVININIO.
Owing chiefly to statements that only a small
detachment of the English and French fleets has
passed the Dardanelles, the tendency towards a rally
observed in the English stock market on Saturday,
afternoon became stronger this morning, and prioesi
for a short time showed a recovery of 1 per cent.
Sales, however, quickly followed, stimulated by the
great rise in the corn market; and the funds, after
showing rather marked depression, finally closed
some 1 per cent. lower than the final rates of Satur-
day. There has been much less agitation than on
Saturday, and the appearance of prices was
certainly more settled, but the fluctuation was
yet severe, and the market must be pronounced
lbeavy in character. The disposition to sell stock on
any favourable reaction continues, notwithstanding
the late severe decline. The sales of the dsy have
been very influential, the broker who usually acts
for the Bank of England and for the government
being a prominent seller; and it is stated that a good
deal a money stock has been plaeed on the market.
It appears that the panic of Saturday was greatly
assisted by the selling out of more than one enor-
mous "bull" account that had been " continued "
from a previous high range of prices. It is some-
what remarkable that, after so severe a fall as that
of Saturday, the reaction that was to be naturally
looked for should be so weakly maintained. It will
be observed that the Paris Bourse has not responded
to the violent agitation of the London market.
Consols opened 921 to 4 for account, and soon
touched 93, but the recovery was of short duration,
sales carrying the price gradually down to 911. At
three o'clock the quotation was 911 toy for money,
and 914 to d for the 13th Oct., and the latest non-
official quotation was 91/ to 92 for time. On Satur-
day the closing value was 92 to 4. The official
business list includes :—Three per Cent. Consols, for
money, 921, 4, 92, 91/, 92, 914; ditto for account,
13th October, 924, 93, 921, 4,1, 911, 92, 911.
Three per Cent. Annuities, 1726, 991. India Stock,
240.

The beet price that can be quoted for Exchequer
Bills is 1455. to 10e. dis., and for any considerable
sum 15s. die, could probably not be realised. India
Bonds closed nominally ss. die. to par.
The foreign stock market opened more steadily,
bat became flat again, and generally appears heavy
in character. In no cue is there any rally from
Saturday's depression. At 4 o'clock Mexican Bonds
were quoted 231 to 1 ; Spanish Deferred, 21 to 211;
the Committee's Certificates, sto 6 per cent. Peru-
vian Four-and-a-Half per Cents., 68 to 72. Granada
Deferred, 8 to 9; ditto Active, 21 to 22. Sales
are thus recorded :—Belgian Four-and-a-Half per
Cent. Bondi, 97, 98 (exchange, 25f.) Brazilian
Foljkand-a-Half per Cents., 1852, 95, 941, 954.
Datil Five per Cents., 102. Dutch Four per Cent.
Certificates, 96, 951. Equadorßonds, 41. Granada
Deferred, 81, 81. Mexican Three per Cents., 24,
231, 4. Peruvian Four-and-a-Half per Cents.,
70, 71, 701; ditto for account, 30th Sept., 694; ditto
Three per Cent., 50, 1. Portuguese Four per Cents.
for account, 421, 42; ditto ex all overdue coupons,
39. Russian Four-and-a-Half per Cents., 961. Sar-
dinian Five per Cents., 90, 91. Spanish Old Three
per Cents., 444, 45, 441 • ditto New Deferred Three
per Cents., 211 4, 1. Ifhe Passive Bonds (con-
verted), 41. The Committee's Certificates, 51 per
cent.

Wednesday next, the 28th, will be " making up"
day in the share market.
The Indiana has arrived from Port Phillip with
dates to the 24th May, and 41,617 ounces of gold,
and the Hooghly from Sydney, which port she left
on the 25th May, with 7,078 ounces. We have
here a total of 48,595 ounces, worth 194,4001. The
Medway is also in from Port Phillip, and is known
to have gold on board, but the amount cannot yet be
ascertained. She sailed on the 15th June.

The shipments of the precious metals from the
United States to this side are still very trifling. The
Europa brings in only 170,226 dole., or about
34,0001.
So far we do not hear of any revival of the de-
mand for gold for transmission to the continent.
The corn market to-day wu rather excited, at a
rise, since last Monday, of 4s. to ss. per qr. for
wheat. Even at this advance there are no eager
sellers. Floating cargoes ruled fully ss. per qr.
I higher than lut Monday, the French demand con-
tinuing, and there being a stronger probability of
an interruption of our trade with the grain ports of
the Black Sea.
Land shares to-day were generally firmer, but,
with the exception of a recovery of 11. in Van Die-
men's Land shares, there was no decided improve-
ment in prices. Bank shares were also firmer, with
a reduction of the " margins;' but the new stocks,
subject to calls, do not rally. Crystal Palace shares
closed 1 to 1 prem. ; ditto New, 15-16 to 1 1.16
prem. Australian Royal Mail Steam shares (81. paid),
mark 34.
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-
' trued since last dividend period should in each cue
be taken into account.

Three per Cent. Consols
Three per Ceat. Reduced
Bank Stock
India Stock
Exchequer Bills (interest
Id. per oent. per day). •

Price.
92
shut
shut
240
16.. dii.

Int. per cent.
per annum.
£3, 6 2
0 0 0
0 0 0
4 7 6
1 10 7

Annexed is a staternent (extracted from the Liver-
pool Weekly Share List) showing the rates yielded
by ordinary railway stocks at present prices. Since
the statement was compiled by the Liverpool
authority, however, prices have generally gone
rather lower:

rot. par at. per snam at
the rate of dividend pall
Pm. Pries. RAILWAY. Let i year. Let year
K IliiMUM* id 19 Of 51 Of
18 Ina Dwrierri
164 Ltreepeek Crosby. and Southport ad 17 114 S 01
4 Illiksik Ilkabeira. AM Derby
SO Oriel Willem
19 LeDos2 aDll Illselli Miles Pins zd 0 0 5 0
-—— _ .

101 Lodes sad North Western Stock
44 Leoweldr• and YarkeWas Stook ad 3 1 61 4 1 71
• 164 Teek.Srmsealls, sad Berwick id 416 4 1 101
30 Itidlodlkiat Wistari—lrelasd .ad 413 4 1 0
46 Doti!. Ma Whet .ad 417 1 4 1 41
$1 Alas= Swath Wagers ad 4IS 1 4 1 3
16.1 Nest ad 4 12 4 3
96 WWI sad Fader ad 411 1 4 1 10
11 ban Clountiae ad 4 1 4 I 8
8$ lasearair and CarUile ..ad 4 1i 4 1 10
37 Lades. Brighton, and South Coast ad 3 1 4 1 S
34 =sad Glasgow ad 4 4
1 1 t 4 64
14 assiliera and WeeSera—lreland ad 4 ei 4 64
7$ Leados sod 6=o'V/ester& ad 4 to 4 1 11
ni Tat gal North Welland ad 3 8 0
18 Oast 13481bern
_ 3l 3 :1
e 1

i 7 Mow wed Birkenhead ...zd 3 13 el 3 $ A.
The rate of return derivable from guaranteed
railway stocks is shown below :
ist fee cost.
Pros. Price. 00AILUITIIRD DTTIDINDP. per manual.
16 Nor* Western 3= =soft. id 6 0 0
9 Cils, P. mad ad 8 0 0
107 86-or Pretense% 3 per wet. stock ad 4 13 311+
130 Mt. His 8 per Belt. poleramo 65 ad 4 If 3
111 York mad North Klikal 44 p. et pot. ad 4 12
41 Miami how 44 pr cost polersoom zd 4 12 am
174 Bbrowebory wed Meter Bpa mut. Pret. 4 II 8
110 Ball owl Iltar id 4 1
105 Groat Waimea 44. per seat dock ad 4 04
9 Ewa lowertin Prot. 4 dors 6 per opt. .zel 4 4
16 Groat licolkiws 8 persent. preterawo ad 4 4
'44 loweptiPro owl YorkeldppaL 6 per earn ad 4 9
. .. _ .

146 liariedgeb lad Mistake 'ref. 6 per ea.. .. _
224 11141iid. &IL W. Hand Goole, N. LIMAN; ad 4 2i
34 Ina 14=isamdleg Annnitks id 4 0
144 MINIM harem 6 per cent id 4 41
1411 1e16161 sod liwasban var. 6 per cent. ad 4 1
1411 Loa. MOM NA &Coot Pref. 6 per cent id 4 1
11l flelatit Yews 46 wit feteece entree 4 0
154 Meth Ws% io percent. id 3 1 64
14 ltr ipanote•d 4 per cent. sd 3 1 9
44 Pals re, gr. U. 5.6d.p.a.,tn.'55 7/.175.2d id 3IS 116
• 6 per cat ustu November, 1953, then 5 per nest to perpetuity.
Annexed are the latest reports from continental
bourses, as received by Mr. Reuter's express:—
Amsterdam, Saturday, closing prices:—Dutch Foar
per Cents., 881; ditto Two--a-Half per Quits.,