The Express.
London, England, 1860-02-02 00:00:00

THURSDAY .11VEIn441, PE'BRIT OA 2, 1860.

SHARE LISM-7HIB DAL.

Two d Macs .

Brsiness in the railway share market to-dy
almost at a stand-still, and, with the reception of a
fartherdecline of 1 percent. in Rs stern Counties stook.
prime are quoted almost exactly the same asyseterduY
ailinnoon. London end North Wrstern stock is
now quoted Int to 981 ; Great Wastera, 661 to 661
Midland, 1061 to 101 ; Lancashire aad Yorkshim,
991 to 1001 ; South Eastern, 89 to 1, after being
marked 82J; end Eastern Counties, 661 to 66.
Cr I- dovirn 6,.ner.
Lombardo-Venetian Railway shares are tat, at If
to 11 prem. Greed Trunk of Canada stook i, well
support :d, mud Ent Indian doll.

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MONEY MARSET.-7111S DAY .

Two o'CLocir.

The weekly taut at the Beek of England broke
up at 12 o'clock tb's morning, without the an-
nonnoement of any further alteration in the
rate of discount. The demand for money at that
establishment is moderate to-day. In the general
market a calmer feettug likewise prevails, although
the ordinary facilities have not yet been resumed.
The Stock Exchange remains remarkably quiet.
The hinds and the principal ra;lway stocks have not
varied in price, and have met with very little busi-
ness. Lombardo-Venetian Railway shares are
lower.

At Faris this morning, aceoraing to Mr. Reuter's
telegram, the Three per Cent. Rents were quoted
87.40, being 6c. better than yesterday.
The New Canadian Five per Cent. Loan is quiet,
at 2 to 2j prem., and the Indian Five per Cent Stock
of 1869, at 103/ to f. The Indian rupee paper re-
mains flat. Exchequer Bills are widely quoted 6s.
to 15s. prem., with an nesettled market
Consols are officially marked 94, 1,1, and 1 for
money, and 041 and 1 for the account. The present
quotation 941, " buyers," both for cash and the Bth
inst. Bank Stock has also been dealt in at 2301 and
229; the Three per Cents. Reduced, at Hi,
1, ; the New Three per Cents., at 94/
and 1; the New Indian Five per Cent.
Loan, at 103/ and 1; the Five per Cent.
enamel rupee paper, at wri ditto Fivr-and-a-
Ralf per Cent., at 1021; the Indian Four per
Cont. Debentures, of 1859, at 97; and Exchequer
Bills, at tros., 76., Bs., 121., and 161. prem.
The Turkish Six per Cent. Loan of 1868 has
recovered, being quoted eh to 1, after being marked
as low as 641. The Loan of 1864 has also ad-
vanced to 78 to 1. In other foreign stocks
se--eely any business hr, been done. Bales are
recorded as follows:—Brazilian Four-and-aßali per
Cents., 1868, 93; Mexican Three per Cents.,
for account, 21; Resign Four-and•a-Half per
Cents., 971; ditto Tl-nte prr Cents., 1859, 651,
Sardinian Five per Cents., for amount, 841;
Spanish New Deferred Three per Cents., for
amount, 831; Turkish Six per Cents., 1864, for
account, 78, 771, 78/ ; ditto Six per Cents., 1858, 85;
ditto for amount, 861, 841, 851, 65/.
San Paulo Railway Sheers are quoted 6-18 to
3-18 die.; Ocean Marine Ingram*, 21 to 21 prem.;
and Universal Marine, 1 to / prem.
The pressure upon the Bank of England continues.
The bullion drain is abating, as may be inferred
from the circumstance that the shipments of specie
by the out-going Calcutta and China steamer have
materially slackened, and that the amount of gold
withdrawn from the Bank yesterday for exportation
was only 30,00 W. (making an ascertained total of
823,0001. during the week ending yesterday). The
smallness of the withdrawal was partly occasioned
by the receipt of the 80,0001. in Austrslisu gold ex
the Sumex, which was yesterday sold for exporta-
tion, and tended to satisfy the immediate demand.
Bat at the Discount-office at the Bank the demand
to-day was again extremely heavy. This is a na-
tural consequence of the remarkable disorganisation
of the general discount market, which yesterday
was more complete than at any period
sines the autumn of 1867. In all quarters money
was very tight. Mr-7 of the ordinary channels of
moommodation were completely closed. Some of
the principal di count establishments yesterday &boo.

lately deollned to take bills even from their regular
enstoaters. In other quarters, this class of customers
were partially moommodated, some of the banks
though declining to discount bills, making &Wane-
upon them for a brief period. Large paroels of bill:
have been sent batik to the province* and to Soot-
land. In the instances where tranmetions took place
4 to 4j per cent. was the rata for paper hang a
moderately abort period to ran; but for four mouth✓
and six months' bills there was really little or no
market. As an indication of the abnormal position
of affairs we may mention that the Bank of
England have found themselves compelled to
depart from their ordinary practise with
regard to long bills. It is well known that
the Bank, though never discounting bills with more

than three months to ron, have been in the habit of
granting advance, upon even six month' paper to
regale- crdomers who keep their sole hankies ao-
countwith them. Yesterday these facilities 1.1 respect
of long ',bills" were refined, except in special maim
The prejudice inflicted by th;s monetary convul-
sion upon interests of vital importance is obvious.
Many branches of trade will be most seriously
hampered. The approach of the commercisl 'dile-
mma of the 4th of February adds to the embarress-
mont. It is not so much a question of rates, as of
obtaining money. One grand cause of the disturb-
once is the mischievorl operation of the rule, by
which the Bank reject biUs offered by the other
dealers in money. In a time of pressure
like the present, the latter think only of
taking oars of themselves; their object is
to absorb, not to diffuse money ; for they
know that at the Bank there is no relief for them,
Renee the disorganised state of. the market, which
renders everybody r'tioes, and ashes holders of
mosey to look it up; hence, too, the continued
pressure at the Bark.
The Continental advice' report a rising demend
for money, in response to the pressure here; bat the
rates abroad have not yet experienced any alteration
of importance. At Paris the rate of discount is 3/
per cent. (Bank rate 31); at Vienna, 6; Berlin, 311
Amsterdam, 3 ; at Hamburg, 2; and at Frankfort, S
per cent.

The Tasmanian has arrived from the West Indies
with 148,8001., of which 110,0001. is silver and
38,6001. gold, and the Repaid, from Lisbon, with
3,8841. The Avon has also reached Lisbon from
Brazil with 6,2761. in specie, and is expected at
Southampton on Saturday. The Shannon, which
will sail to-day for the West Indies, will take
5,0001. in silver.
It appears that the 37,0001. in specie, brought by
the Arabia from the United States, oonsisted entirely
of Mexican dollars. Gold cannot be sent to this
side until the exchange rises.
The proposed dividend on Midland Railway stock
is officially announced at the rate of 6 pee
, amt. per annum, against 61 for the eorresponding
six months of 1868, and that on Great Northern
Railway ordinary stock at the rate of 7 per cent.
per annum, against 61 for the corresponding six
months of 1868. In the latter instance the distribu-
tion for the half-year will be 31. 10e. per 1001. orni.
nary stock, 31. per 1001. B stock, and 41. par 1001. A
stock.
The London and North-Western Railway traffic
return shows this week an increase of 5,2271.; and
the Great Northern an increase of 9891.

- -
Subjoined are the latest quotations of insurance,
canal, and miscellaneous shares, as given in the
kat Stock Exchange List
Insernnes—Alllartee British and Foreign, 17 ; Attlee,
1.1: Lasky mod Logrolf ; Bogle, 7f, 71; Globe. MI,
nee,x• Liverpool Sid Lnodoo Foe end Life, W;
167 ; Invalid, sad Cieserel Lifs. 2} . Ores&
miring, 41; Parent:, 172, 172 k; Book Life, lit St; List-
vessel Nadas, 2/. 21.
Cles.--Ovest Central, 10i ; 76, ex die. ; ditto
Now, div.;
30f, ax di,. • Imperial Continental, 48, ex div.;
MOW Giseseal, 21; Western, 11, llif.
Wessirworks.—BesUa, 41, 6; Chelan, 161, a div.; Elk
London,lslrl. ex div.
Diteloa—Mtes end West Lid* 117. at Yv. ; St. Eatharfae,
714714, 76. ex die.; Virovis. 198, 1066, ex Hy.
Cenals.—Birmieghm. 96; Leeds awl Unmask 616;
4IC"p Mit
areloilars ire pubLishod' et a maim

shares in the Riga sod Danaborg Railway Company
which will be forfeited unless the fourth call of 4i,
new in Forcer, be paid within one month.
The Larameimair and Assyrian have arrived
from China with 1,895,7001 b.. of tea and 896 balsa
of silk.

_
The Admiralty will receive tenders on the 9th
inst. for the supply of 300 tone of sugar, 100,0001 be.
of tea, 300 tire. of oats, and 50 tons of tobacco ; also,
on the 7th inst., for the supply and de:lively at Sin-
gapore of 8,000 tons of Bluth Wales wale.
The public stiles of plantation Ceylon coffee yes-
terday want off heavily, at rather lower prices.
TLe Samuel Boddiogton has been taken up to
carry government stores from England to Calcutta,
and the Braish Lion an.l Royal Alit- stores to Ma-
drat. The Admirc.lty will receive tenders to-morrow
for the hire of ships to take stores from the Thames
to Ascension, Corfu, Gibraltar, Malta, and Val-
paraiso.

WZDNISDAY EVINING.

Consols, which closed yesterday at 041, "
for the Bth February, opened this morning at HI to
3, declined to 341 to 3, and closed at 943, " buyers,"
the price for money being at the same time 943.
After the close of the Stock Exchange, the market
was rather doll, at 94 3-16 to 6-16 for February.
The "continuation" to the March settlement war
to 3-16 per cent. The official business report is as
follows :—Three per Cent. Consols, for money, 943,
3,1; ditto, for account (Bth Feb.), 943, 3, /, 1;
Three per Cent. Reduced, 941, 3,3; New Three
per Ceuta., 943, 3,3, j, 3,1; Bank Stock, 2303, 229 ;
the Indian Five per Cent. Stock, 1869, 1031, 1031,
1031; ditto, for account, 1031, 103 ; the Indian Four
per Cent. Debentures, 1868, 973, 97 ; ditto, 1869,
981, 97, 961; the Five per Cent. " enfaced" rupee
paper, 973, 3, 3 ; ditto, Five-and-s-Half per Cent.,
1033, 1033, 1031.
The New Two-and-a-Half per Cents. were also
officially marked 781.
The Indian Five per Cent. Stock of 1869 was last
quoted 1033 to 1. The Indian Four per Cent. De-
bentures were again heavy, with an uncertain
market. India Bonds have likewise fallen, trans-
actions being recorded from 6s. prem. to 2e. dm.
The Turkish Six per Cent. Loan of 1858 expe-
rienced a fall of no less than 13 per cent. to-day, the
quotation at four o'clock being 66, " sellers." After
the close of the Stock Exchange these bonds were
offered at a fresh tall. The Loan of 1864
fell about 4 per cent., leaving off at 78,
" sellers." Other foreign stocks were generally
flat, although sales were not heavily preaseL
The Turkish Guaranteed Four per Cents. were quoted
ex the dividend due this day.
The scrip of the new Canadian Five per Cent.
Loan, upon which the second instalment of 8 per
cent fell due this day, was firmer, closing at 21 to
21 prem.
Bank shares generally remain very steady. Those
of the London Chartered Bank of Australia were
rather more offered to-day. In the mircellantoos
share market the transactions were few, and prices
were nominally unchanged. Great Ship shares were
flat, at 10e. 6d. to lls. London Dock stock was
marked 74.

San Paolo Railway shares were quoted this after-
naon 6-16 to 8-16 dis. ; Ocean Marine Insurance, 21
to 2i pram ; Universal Marine, ito 1 pram; and
Bank of Turley, i die. to i prem.

MINES.-ZHIS DAY.

Two o'CLoox.

The mining market remains steady, with a
moderate amount of business. In the Stock Ex-
change Grumbler and St. Anbyn shares are officially
marked 67, and Stray Park, 261. There have also
bren a number of transactions in shares in But
Wheal Rumen, Pendeen Consols, Lady Bertha,
West Bassett, North Downs, Great Crum* and
Vale of Towey mines.
Foreign and colonial mining shares remain quiet.
Fortuna Mining shares have been dealt in at 31.
Great Northern Copper (South Australia) are quoted
1-16 die. to 1-16 prem.
At a =suing of adventurers in But Basset Mine, held
on Tuesday, a dividend of 61. per share was declared.
From South Creaser (Jim. 31) Captain B. Chi twin re-
porM We have drained the water to the 64 ; the pl toga
is working well. We shall commence forking the +wee
taker the 64 with all speed. South Mine: In 32 east of
ammo, lode 2 feet wide, ormincing good atones of tin and
spots of oopper ore. In 32 west of crosscut, lode 9 Inches
wide. prodadug mundic and spots of copper M."

COMMERCIAL AND MARKETS.

MINCINO-LANE.-(THIS DAY.)

evaaw.—The msrket is steady, with a limited demand.
Banal witheatalterati.m.
. . . .

Coma.Zllk-s-Siti-citijas a heavy appearance, and prism
show a 'fight decline.
Taa.—The samples of public sales which will commence
to-morrow hare occupied the attention of the trade to-day,
rid no operations of importance are reported to-day.
Corrox.—Abont 100 balm sold at previous rate..
Itow.—Contseca Leeward/ part sold at 21; Dammam,
24. Id. ; strong illlDliol4 Ss. 10d. to 4s. 2d.
Anitowzoor.—Bermuda sold at la. 2d. to le. 43.; Bt.
Ymoant's, 6d. to 6d.
Parrim.-6lngspore sold at 41d.; Aleppf, Id. to did.