The Express.
London, England, 1859-02-08 00:00:00

MONEY MAKIEB2-11118 DAY.

Two Moot.
The funds opened this morning with more firm-
ness, but hays since rammed a dull appearance. Con-
sols are now quoted I per cent. better that at 4 o'clock
yesterday, but about per cent. below the quota-
. .

;ions attained after that hour. A want of coniclenee

is still generally apparent. English railway shares
are rather better, but French, Lombardo-Vene-
tian, and Indian, show !tediums.
Consols are now quoted 961 to 1 for money, and
961, " buyers," for the new account (9th
Much). This ;is " settling day." The Three per
Cents. Reduced have been dealt in at 96t to 1;
_ .

the New Three _ per Cents., at 961 to 96 ; Bank
Stock, at 2271; Indian Stock, at 220; the Indian
Four per Cent. Debentures, at 981 ; India Bonds,
at 20s. to 24,. prem.; and Exchequer Bills (Much),
at 335. to 36e. prem
Very little business has been done in foreign
stocks. The New Turkish Loan has advanced I
per cent., the first series being quoted 61 to 6 die.,
and the second, 7 to 61 dia. In other
descriptions there is no movement of importance.
Bales are recorded u follows :—Brazilian Four-
and-a-Half per Cents. (1868), 94; Danish Five per
Cents., 104, 1031; Mexican Three per Cents.,
for amount, 201; Turkish Six per Cents. (1864), for
amount, 891 to 90; ditto Six per Cents. (1868), first
series, for amount, 79 ; ditto, Guaranteed Four per
Cents., 1021, ex dir.
At Paris to-day (Tuesday) according to Mr.
Renter's telegram, the Three per Cent. Renter opened
at 68fr. 20c., subsequently fluctuated between 68f. 260.
and 68fr. 10c., and were quoted at half-past 1
o'clock, 68fr. 16a, being 6c. better than the closing
quotations of yesterday.
The result of the attentive consideration given to
. .

the weighty words of the man upon whose breath
hangs the peace of Europe is a feeling of relief from
the immediate apprehensions which have so long
weighed upon the public mind. The frank and
fearless expression of the opinion of the British
parliament has been attended with an immense
moral effect on the Continent, and, it is believed,
has powerfully influenced the terms of the French
Emperor's manifesto. An immediate outbreak
is no longer anxiously apprehended. Never-
theless, a deeply.rooted feeling of uneasiness
remains behind. The Emperor's speech suggests
no solution of the existing difficulties: his policy
remains es closely veiled as ever. If his intentions
are as pacific as his words imply, what is the mean'
ing of the enormous armaments which he has set on
foot, and of the note of war which his instruments
have been instructed to raiseon every side? Why, too,
is Sardinia--a state powerless without French ald—
encouraged to adopt an attitude of provocation towards
Austria which renders a military collision, with its
momentous consequences, highly probable? These
are the considerations which have suddenly checked
the animation in commercial circles in Paris and
London, as shown in the important rise and subse-
quent collapse in public securities. Public confi-
dence has received a rude shock from the events of
the last few weeks, and will not swiftly revive, even
. •

at the bidding of the Emperor. The commercial
classes feel no security in contemplating the pro-
bable future developments of that dark and tortuous
policy which has so suddenly blasted the brilliant
promise of the new year. They require practical
proofs of the spirit of ooneiliation and moderation, of
which the Emperor speaks so much, but with which
his acts accord so little.

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The discount market remains easy. First class
bills were negotiable yesterday at 2j to 21 per cent.
The fortnightly settlement in shares and fore'
stocks will commence to-morrow (" making-up day")
and terminate on Friday.
The monthly return of the Bank of France will be
published next Friday morning.
The specie received from Boston by the steamer
Niagara is 16,5001.
The China and India exchanges, especially the
former, are more favourable to this country. The
expectation of diminished shipments of silver from
this side is consequently encouraged.
The letters from Calcutta and China are expected
to be delivered on Saturday or Monday next.
The proposed dividend on the stock of the Dublin
and Belfast Junction Railway Company for the last
six months of 1868 is at the rate of 4 per cent. per
annum, against the same rate for the corresponding
period of 1867.
The directors of the Mid-Kent Railway Company
recommend a dividend at the rate of 4 per cent. per
annum.
At the half-yearly meeting of the Mediterranean
(Extension) Telegraph Company, held yesterday, the
dividend declared was at the rate of 8 per cent. per
annum. With reference to the late stoppage of tele-
graphic communication between Malta and Cagliari,
it was stated that, in the event of a like occurrence,
the Treasury would continue the payment of a sum
sufficient to secure a dividend of 6 per cent. for a
period not exceeding three months from the date on
which such interruption might occur. The report

was adopted.
The following meetings are newly announced,
viz.: Ceylon Railway Company, for the 18th inst. ;
New Brunswick and Nova Scotia Land Company,
for the 10th March; Eastern Bengal Railway Com-
pany, for the 25th inst. • Class A shareholders in the
St. Andrews and Quebec Railway Company, for the
24th inst.
The annual meeting of the Madras Railway Com-
pany is called for the 18th bat. A resolution will
be proposed for the conversion Into stock of paid-up
shares in the original, first, and second extension
eapitaL
The prospectus of the Australasian Land and Emi-
gration Company (Limited) is issued. The object of
the company is to purchase and resell land in Aus-
tralia, and to facilitate emigration. The proposed
capital is 100,0001., in shares of 11. each.
The Brighton Railway traffic return shows this
i week an increase of 1,7751.
Frauds to a considerable amount are discovered to
have been perpetrated by Mr. lames Farwell, who
was formerly connected with the firm of Messrs.
Funnel', the confectioners, in Cornhill. As exag-
gerated rumours are afloat it may be useful to state
the facts. It appears that having received genuine
leases from two of the City companies, he proceeded
to procure copies of them, and affixing forged seals
obtained advances thereon in various directions.
The amount of his frauds ss found to be about
30,0001., but fortunately it is spread over a wide
circle, and in no individual instance is the loss con-
siderable. The property the delinquent leaves
behind him has been promptly taken possession of
by his creditors, and will of coarse reduce the claims
in question.
The Cairngorm and New Great Britain have ar-
rived from China, with 1,798,700 lbs. of tea.
With reference to the silk market, the monthly
circular of Messrs. Hunt and King has the fol-
lowing :
The silk market during the put month toe been vary
quiet, the aspect of politic& affeirs having Aitken the confi-
dence previonely existing and caused a reduction in prices of
China silk of about ls. to ls. 6d. per lb. , some forced tales
have been made of parctla held on foreign amount, M even
lower rates; and except for thrown silk the continental
demand has owed. Manufacturers generally are busy, but
now buy only for present requirements to complete mien.
The deliveries for the month are about 6,000 bales. la Ben-
pl silk there is nothing doing but In the best desorlptkins,
which arc a abide lower. In Italisa silk holders sr* lees
thm, but very little doing.

MoNDAT EVINING,

Consols, which closed on Saturday at 95,
~ sellers," for money and to-morrow's settlement,
opened this morning at 94 to 1, rose to 951, and
thence fell to 95 to I, which was the quotation
current at 4 o'clock, the price for the 9th March
being at the ►ame time 94 to }. At a later