The Express.
London, England, 1860-12-07 00:00:00

MONEY MARKET.-{THIS DAY.)

Two o'CLoci.

The funds to-day are dull, the tendency to im-
provement being restrained by the continued ship-
ments of gold to America, aa Well as by some sales
of stock for money. Console are now quoted barely
as good as they closed yitaterday. British railway
stocks, after opening buoyantly,,have relapsed in
several instances within the last two hours. In
other departments firmness generally prevails.
At Paris this morning, aooordingto Mr. Renter's
telegram, the Three per Cent. Rentes opened
at 68.7 r. 16c., ex div., showing an improve-
ment of I per cent. since yesterday afternoon,.
after allowing for the deduction of the dividend.

Consols are officially marked 931, 94, and
991 for money, and 94k for the account.
The present quotations are 93/ for cull,
and 941 to (or equal to 92,1 to I
ex div.) for the 10th Jan. The official business
report is as follows : Bank Stock, 2321,
913 ; Three per Cents. Reduced. 921, k, 92 ; New
Three per Cents., 921, k ; India Ave
pie Cent, stock, 1859, 1031, k ; ditto Four
per Cent. Debentures, 1868, 96/ ; ditto, 1859
.961, 1; Five-and-a-Half per Cents. " enfeoed "
rupee paper, 10/1 ; Exchequer Bills, Se. die.
The foreign stock market is extremely quiet,
and scarcely any change has occurred in prime.
The Turkish Loan of 1864 remains quoted 721
to;, and that of 1858, 581 to 1. Wales are recorded
.as follows:—Bueum Ayres Deferred, 90 ; Spanish
,Three per Cents, for account, 501 ; the Commit-
tee's : Certificates, 61 ; Turkish Aix per Conte.,
. .

1.13513, for account, 581,, 4
-
Seventy thousand sotereigus were taken from
the Bank of England yesterday for transmis-
sion to New York by the steamer Persia to-
morrow. Further withdrawals will probably be
effected, and a large additional cam will be taken
from the Liverpool branch of the Bank of England.
It is expected that the total remit-teams by this
ifavourite reeled will be considerable. The accounts
brought from New York to the evening of the
23rd by the steamer Bremen aaaounoe that, al-
though the New York banks bad discounted to the
extent of six or eight millions of dollars, thereby
occasioning a prOportionate degree of relief in com-
mercial channels, and giving a further impulse to
prices in the stock market, the rate for good ster-
ling bills was still no higher than 103 to 106 per
cent. It swede certain that until more favourable
accounts are received the drain of gold from this.
side will centime.

The Bank of Illogiand have now commenced the
tumal quarterly advances on goveinmeut securities
and on mercantile bills having not more than six
months to run. These advances are repayable on
the 9th of January, when the dividends will be
Pub _

The Bremen, from New York, has brought
1,0001. in specie for France, and 400/. for Bremen,
but none for England.
A few orders having been received by the mail
front Bombay, the bar silver by the Tamar has
been sold at ss. ltd. per ounce, showing no change.
There is no demand for silver for the Continent at
this price. The Mexican dollars remain unsold.
The suspetusion of Mr. Moron, the contractor,
was not alluded to on Wednesday under this head,
because it appeared to be not by any mesas impro-
bable that means might be devised for en-
abling him to go on. He has now peti-
tioned the Bankruptcy Court. It is alleged
that his aecounta, - which have been placed
in dee course in the hands of an acconu:ant. show
• surplus of something like 50,0001. This must, of
,course, be received with greet reserve ; bat, after
making every allowance, the margin seems suffi-
cient to warrant a belief that, if time be allowed
for the gradual liquidation of the estate wiasout
sactifioe, it will yield sufficient to pay sway
creditor 20s. in the pound, and leave a surplus.
We believe that Mr. Moron's contract for the
Dover fortifications 's the principal one now on his
hands. The great bulk of the work oohnec.:44
with his metropolitan main drainage contract bee
been completed. His liabilities will
range below 100,0001. The laid weatberpr=
awed Ws year has interfered kb-featly with all opas-
sir week of this kind, and added mach to its
exCliehilities of Messrs. Piper and Son, Whim,
of Biebepsgate-street, to whose stoppage reference
was made on Wednesday, will, it is hoped, prove not
so large as was at first supposed, the business of this
old hots, having fallen off considerably of late
years. The bad weather and the three months'
strike in the building trade have combined to render
the present year one of unusual difficulty in this
branch of business.
It is stated that • proposal has been made to the
French govenimenteto subsidise • line te. steamers
between Galway and • French port. Should the
'application be weeded to, it is proposed, we be-
lieve, to add the vessels in the possession of the
Anglo-Luso-Bsasilian Steam Navigation Company,
which is now being wound up, to the fleet already
employed on the line between Galway and New
York.

The Midland Railway traffic return shows this
week an increase of 4,0931. • the Lancashire and
Yorkshire au increase of 2,4071.; the Maneheater,
Medfield and Linoolnshire an increase of 6701.;
sad the North Eastern an increase e 4" 3,7851.
The fifth half-yearly meeting of the Oriental
Inland Steam Company is called for the 20th inst.
The arrangements are notified in connexion with
the issue of the half-yearly. interest w..rrania.
The annual meeting oi the London Assurance
Cmporation is called for the 19th inst.
We are requested to state that the list of appli-
cations for shares in the Great Kanawha Company
(Limited) will be closed onThursday

With reference to the market for American
securities, Maws. D. Bell, Sou, and Co. report as
follows

There las been an active Weise:es in American securities
aria( the past week, and the market for State stocks in
particular closes with peat firmness.
The following is Messrs. Culverwell, Brooks, and
Co.'s report of yesterday's hide sales :

At this, the ‘wenty-foarth series of public Wes fee
the year there was but little demand for all denerip-
tins. The exporters still continue the chief buyers. Bost
India —O: en d cow : Calcutta were in vary limited request,
<tidy a mall pert of the quantity offered, which was mode-
qbag meld ; for one or two parcels of hides, of prime
ty. UM* was a good and unusual enigma:ion, and
upon the tat light as occasional savants of id.. and in some
few iodises ed., per lb. was established. Ober demerit,.
Coos were meek meectsid, and a large proportion wee
bought in. Madras, Poadi&erry, and Bombay were en
request, at former prices. The analysis of the sales is
66,238 Calcutta, new parcels, 42,903 brought forward from
farmer males • and 6,031 Madras, Pondicherry, &c. ; in all
115,172 bider, of which only 45,560 were sold. East
India buffalo sold well at former prices. Singapere.
Batavia, and Kaneohee also realised fair firms.
Leather.—Put Indian was in fair demand, bet at
rather easier prices. Australian sold welL Belted
bides : Au d:radian were generally neelemed at
the
sake, but some parcels have been sold subeequaMly, and
epos the whole a fair business has been done at about late
Cape sold at full prices for the quality. Dry and
malted halm—South American : Rio Grande, dry, were
well competed for, and sold at fair prime ; the few Cape
also sold well ; d4salted Mauritius pert sold ; West India
an sold. Horse hide, : salted Beath American sold well ;
the dry hides wen mostly bought in. Bead= pig skins
were all passed. Bark : Frisch and English oak ell bought
hi. Glue pieces were is fair deemed.
The Griffin and Flying Cloud have arrived from
Chins with 1,621,5001ba. of tea.

THU ISDAT
Consols, which closed yesterday at 041 tfilfor
10th January (being equal to 921 to lex div.),
opened and closed to-day at the some quota-
tion. For money the last price was 931 to 94.
The official business report is as. follows :
Three per Cant. Consols, foe money, Ot; Newt 94931,
10), 9 94; ditto for account (Jan. 4. ; Three
per Ceuta. Reduced, 9n,hree peer
Cents:, 921, ; Thirty Yew Animals', expiring