The Express.
London, England, 1856-12-23 00:00:00

ell !OPE
1111 10
IPS 100

MI 111

MONEY MARKET.-THIS DAY

Two o'CLoca.

I The funds opened rather flatly, bat have since re-
covered to the closing quotations of yesterday. The
other departments of the Stock Exchange are rather
flat. _ .

Consols were first marked 931 ex div. for the Bth
lan., and are now quoted 9311 to 1. The Three
per Cents. Reduced have been dealt in at 934 to 4 ;
the New Three per Cents. at 931 to 94. Bank Stock
at 2171; Exchequer Bills at per to 3s. prem. ; Exche.
quer Bonds at 98; ; and India Bonds at 2e. die.
Turkish Six per Cents. are quiet, at 96 to 1, and
the Guaranteed Four per Cents. at 1024 to 1•
Other foreign stocks have met with little business•
IThe sales include Brazilian Old Five per Genii.,
at 1001; ditto Five per Cents., 1829 and 1839,
(Small Bonds), at 98; Mexican, at 211, for the 31st
instant.; Russian Four-and-a-Half per Cents., at 961 ;
Sardinian, at 881; the Spanish Coupon. Certifs., at 8
per ant.; Venezuela Four per Cents., at 37, being
higher.
About 100,0001. of the bar gold brought by the Per-
sia, from New York, reached London yesterday, and
was purchased for exportation to the Continent.
The remaining portion was on French amount.
The specie and bullion ex the Magdalena were also
in hand yesterday. The gold, valued at about 100,000 L,
was taken for transmission to the Continent.

In the Express of Saturday allusion was made
to the probability of 0 stronger matures" being
adopted by the Stock Exchange Committee against
the Greet Northern Railway Company. The coat.
sides yesterday adopted the following important
resolution, ordering that the share securities of this
company, and of the other canwies connected with
it, shall be struck off the official list. The resolution
stands for confirmation on Monday next :

The committee having remind evidence that the Gnat
Northern Railway Company have refused to register
transfers of stock accompanied by coupons officially signed
by the registering clerk of the company and by the secre-
tary, sad for which stock sortifisates of due regidretion le
the nuns of the *alarm base been Weed by the itonapany's
secretary, resolved unanimoveafy—'t That there befog no
enmity to the public wider these circurnstsame, the com-
mittee will not recornise any farther transactions in Great
Northern Railway Company stocks or shares, nor of the
stocks or gazes of those ether companies oennected there.
with, and order that the name of the Great Northern Rail-
way Company end of such other computes be struck out of
the official list of the Stock Backings as long as such
Oracular @holiness's unreeognimd."
The ;preamble to the resolution ptiti the cause of
complaint very clearly. The company are perfectly
*latent that the Stook Exchange dealers and the
public should continue to transact business in their
securities, yet they refuse to recognise transfers, the
validity of which has already been vouched foe by
their servants. The object of the Great Northern
directors appears to be to keep open the whole ques-
tion as to the recognition of the stock created by
Redpath, until they have secertained the full extent
of the frauds, and hays made op their minds with
reference to their (atom policy. The Stock Exchange
Committee, on the other hand, with a laudable
desire to protect their members—and, through them,
the public—require that the company shall at once
and definitively recognise the stock, the validity of
which has been already certified by the secretary, and
foe which the company is therefore legally VI well as
morally liable. It will be remembered that the Stock
Exchange committee was compelled to adopt a similar
menacing attitude before the directors of the Crystal
Palace Company could be persuaded to make good the
loss Inflicted upon innocent parties by the acts of
their recognised officer, Robeon. The resolution now
adopted by the committee, however, is of far greater
Importance, inasmuch as it affects some eleven
millions mrling of property. As yet it does not ex-
tend specifically to the company's debentures,
but it is highly probable that these securities will be
placed under the same ban, io the event of the Great
Northern directors permeating in their present in-
detonable coarse. However, these gentlemen are
now allowed until Monday next for consideration.
The Crystal Palace directors gave way during the
laterval similarly accorded to them.
At thenisetingol Venezuelan bondholders yesterday
it was resolved, after some discussion, that the lowest
teems tabs received by the bondholders shall be 3 per
cent. on the active debt, Instead of the terms lately
offered by the government of Venezuela, viz., 24 at
the commencement, to be increased to 3 per cent. in
flee years. The chairman said, after the paenng of
this resolution, that the per cent. formed the only
difference between the present and the former pro.
position, and he therefore trusted that the committee
would succeed in getting it allowed by the commis.
goners. The business of the meeting wee concluded
by the poising of a motion authorising a deduction on
account of the extra expenses likely to be incurred by
the committee of management.
A payment of 81. 30c. on the shame, and of
7f. 00mm the obligations, of the Great Central Rail.
way
Company of Franc., is to be receivable by the
shareholders in Paris on the let January. Nothing
definite has transpired relative to the future prospects
of this company, but the rumour at Paris is that
either its concession will be divided amongst the
companies competing for it, or the company will
Itself make a large issue of new shares at about par.
At Paris on Saturday the coupon of 10fr. was
detached trout the quotation of the shares of the
Southern Railway Company of France, both old and
new.

The half-yearly meeting of the Colonial Bank pro-
prietary is called for the 14th January, and a general
court of the Commercial Dcck Company for the 9th
January.
Mr. 'Wm. Turquand has been appointed official
manager of the Saint Dennis Console China Clay
Works and Tin Mine, now winding op.
An extraordinary general meeting of the Cambrian
and Universal Life and Fire Insurance Company is
called for the 29th inst., to Juergen the capital and
reduce the amount of the skates.

The half-yearly dividend upon Alabama State Five
per Cent. Sterling Stock, redeemable in 1868, is
advertised.

MONDAY EVENING.

All the Stock Exchange markets have been un-
favourably affected to-day by the aspect of the
Neufchatel question. The funds have declined per
cent., and the leading British railway stocks to
per cent. Preach shares have also teceded, owing
to news of a further decline at Paris. We do not
notice, however, any sales of importance, apart from
some realiestious which have been induced during
the last two or three days to provide funds against
the foolish run upon some of the banks in Tipperary.
Speculative holders of stock maintain their position
with firmness, and reran to entertain the idea that
the peace of Europe can be seriously jeopardised
through the Swtns dispute. The hope of a further
decline in the value of money, and of a highly
encouragiog revenue return in January, affords
material support to the markets. It must not be
overlooked that the dividend period le approaching.
Upon the other hand, many of the Stock Exchange
dealers tare believed to be " oversold" against the
operators for higher prices " out of doors," and are
thus very ready to depress prices upon any oppor-
tunity. As the burs fide operations of the public in
Consols are Almost suspended, owing to the shutting
of the transfer books, the dealers have considerable
command over the market at present, the won
especially a. Christmas week is usually in some
degree a holiday period.
The demand for money out of doors is active, and
will probably continue se until after the 4th of
January.
At Paris Riley the Three per Cent. Rentes closed
at 66.25 for money, and 66.0 for the end of Decem-
ber, showing a decline of I to per cent, since Satur-
day. with a preponderance of sales for cash. The
advice, from Paris repeat that the Bourse is at pre-
sent mainly influenced by the struggles of certain
great rival capitalists. It seems unreasonable that
the movements of these pieties should be allowed to
exercise any prejudicial influence on our markets.
Consols, which dosed on 64.urday at 94 to k ex
line. for the Bth Jan., were first marked this morning

931, and, after receding to 931, closed at 931 to 1.
The official business report is as follows: Thee, per
Cent. Consols, for account, Bth Jas., 931, 93/ ex die.;
Three per Cent. Reduced, 93/, 1, /, 1. New Three
per Cents., 94, 931. Long Annuities, expiring in
Jill, 1880, 2 1116. Thirty Years Annuities, April,
1885, 17 15-16. Three-and-a-Half per Cent. Exche-
quer Bonds, falling payable in 1868 and 1869, 981.
India Bonds, 2s. dia.
Exchequer Bills remain dull, at per to 3s. prem.
Exchequer Bonds are steady, at 98} to I.
Turkish Six per Cents. fell in the morning to 95,
but had rallied at the close to 95} to 1, being 1 per
cent. worse than on Saturday. The Guaranteed
Four per Cents. left off ;er cent. lower than on
Saturday, at 102/ to 3. Spanish securities were
also flatter, the Deferred Three per Cents. receding
about 1 per cent. Other foreign securities were dull.
At Hamburg the rate of discount remains as high
as 7 to 7i pr cent. The Bourse in that city is very
flat, being prejudiced by the warlike attitude of
Prude.
We are glad to be able to state that the causeless
nut upon the Tipperary branches of the National
Bank is subsiding. The alacrity with which the in-
agitation meets every claim upon it cannot fail to cause
a revival of confidence. A further sum of 50,0001. in
gild, making a total of about 300,0001. taken from
Use Bank during the last three days, was sent
off by the directors to Ireland this evening. It was
contemplated to send a further large remittance of
cash to-morrow, but this arrangement has beea coun-
termanded in consequence of the favourable advice,
from the company's agents in Ireland.
The oorn market remains very dull at the late re-
daction. The arrivals of foreign wheat, flour, and
barley in London are large. The market for floating
cargoes is equally dull. Only one fresh cargo hes
arnved off the coast sines Friday. The country and
French markets are reported rather lower, but at
Marseilles the price of hard wheat is supported by the
eontinued demand on Spanish account.
There was an active speculative demand in the tea
market to-day, and the price retains an upward
tendency.
Ottoman Bank shares closed to day at 11 to 1/
die. ; Bank of Egypt at Ito / die. ; National
went, at 1516 to 1 1.16 prem. ; ditto, new shares,
at Ito f prem.; London Discount, at I dia. to I
prem.' and General Bank of Switzerland, at 11 to 0
dia. The stocks of the London banks were quiet, but
meet with more inquiry than of late. Land and
steam shares show little change : Peninsular and
Oriental steam were quoted rather lower. New
South Wales Government Five per Cents. are
marked 1021.
The nominal closing %notations for the newly pro-
jected railways are subjoined, viz.: Eastern Bengal
Railway, 1 to 1 prem.; Ceylon Railway, 1 1-16 to
18.18 prem.; Calcutta and South Eastern Railway, 1-16
to / prem.; Riga and Danaher, Railway, i to 1
pew.; Copier) Hallway, 1 die. toi prem.; Italian
Junction Railways, 2 to le die.; Euphrates Valley
Railway, I to I prem. ; New Brunswick and Canada
jeßtfewacaltirel;tareares,yalestoutafinEfd"ilaLatiodowgianioDd:;tdAaiEjurtglii.geohaeronsityropereifcimpooranlisotaadnnimaped:Rtail:oothidiawpard
eirny.n;
joetoudwunitlparrotoat
nro.:oaßi.
Telegraph Company, par to / prem.; Bernard's
Patna Machine Boot and Shoe Compeny, 1 die. to
Loma Mural, die. to par.
The shares of the Mons Collieries and North Hol-
land Railway Companies were severally quoted 1 to
i Prom-

Annexed are the latest reports from foreign markets
as reeshemodsztbe Continental telegraph
mem Sa
ra prima): 'Three beet; Riots% for
am dap Jar aseopt„ 66.13 to die.; ditto, Fool,
par Onle. tar warn 91.23 ; ditto br aeroont, 92.19.
ark rberei. ON.
Mom— elw (dubs prior) : Austrian Fire par Opt.
=lsllFowpogpard per Caere., 71r. Fadtaiore as
. 10.19.
Amsterdam Bawdy weds. vim) : DPP Four per
94 MI; ditto, Torpid... Mob per 131 ; Spoialt NewDe=
Three per Coots., 131145; tbo Ompop ; the Old Thee per Cont.
eat/abr. 411; Amoeba Moo per OaL k.taWee, 761; Porticoes",
44 11-16 Oramda Aerilre. $46; Itelebto Foor•aad-adlolf per
Costa, SS.
leap Pb. pr Oasis. 1041. Maim: stook
Pow. smoved Imasso, issirirps ea Isola. LPL
IlmolUrierkri $ Tim lor Out% Delbrrarl, It
F10m...
pie OWN Sri= Mee per °tato., 991; ditto
Foomoodot.Maff per OPP. $ Modem 101.
prooppo—pooket Delbrrod, 33 13.16; ditto Old Three
per CMS. srh vira Piro par Ow. Yettilliti. 77

JUNBA-THIS DAY.

Two O'CLOCK.

A moderate amount of business is going forward
in British mining stocks, but the tone of the market,
upon the whole, is rather less confident. In some
caws sellers preponderate.
In the Stock Exchange this morning there hie
been almost an entire suspension of business in
Foreign and Colonial mining securities.
Subjoined is a fist of yesterday's transactions in the
Mining Exchange:
E.st-T ' , 44,6 ; Great Alfred, 121. 131, 121, If,
; Noah Crotty, 41. 61, ; Porkellie, 10, Providence, ; Providen
70, 71; Souring' Con.ole, 1/. 16s. 3d., 11. 139 9J. ; South
Caradoe, 340, 360, 3421, 346 ; South France., 360 ; Stray
Pork, 41. 61 ; West Caredoe, 140, 160 ; Wheal Heart'„
21, 3 ; Wks:, Edward, 21; Wheal Grenville, 11 ; Wheal
Kitty (Lelant), 141, 161, f, 16 ; Wheal St. Agnes. 61, 1 ;
Wheal Margaret, 39, 40, 41; Wheal Beton, 166, 160;
Wheal Zion, 20..

In the Stock Exchange:
Bortridge Cresols, 11, ; Weat Beset, 32; Greet Wheel
Allied, 121; West Allred Coneols, 13} ; North Crotty,
6} ; Porkelits, 10}; Led; Berths, 19 (ex call) ; Bic:Afield
(sew), 1, 1.