The Express.
London, England, 1860-12-14 00:00:00

MONEY MARKET- (THIS DAY.)

Two o'Cuacw.

The funds remain stationary in price, with little
business. This is " settling-day" in the railway
share market. Prices in that department are
generally very firm. The chief movement is a
fresh rise of 1 per cent. in Caledonian Railway stock,
owing to the decided increase in the traffic. The
return published this day shows an increase of
2,147 t. compared with the corresponding week of
last year.

Consols are officially marked 924 and
4 ex div., for the account (Jan. 10).
The present quotation is 924 to 1. The
official business report is as follows :—Three per
Cents. Reduced, 924, ; New Three per Cents.,
924, 1,1, 4 ; India Four per Cent. Debentures,
1858, 961; ditto, 1859, 961 ; ditto Bonds, 9a. die. ;
ditto Five per Cent. stock, for account, 1014, ex
div. ; Five-and-a-Half per Cent. " enfaced " Rupee
paper, 101, 4 ; Exchequer Bills, 2s. dis.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Recites were quoted
68fr. 871 e., showing a slight improvement compared
with the last price of yesterday.
The Turkish loan of 1854 has improved to 724
to 4, whilst that of 1858 is dull at 574 to 581.
There are again inquiries for Mexican Bonds.
Sales are ?worded as follows :—Brazilian Four-
and-a-Half per Cents., 1860, 87, 864 ; Mexican
Three per Cents., for account, 214 ; Peruvian
Four-and-a-Half per Cent. Dollar Bonds,
80 (exchange, 46.) ; Portuguese Three per Cents.,
1853, 461 ; Russian Four-and-a-Half per Cents.,
941 ; Turkish Six per Cents., 1854, for
account, 721; ditto Six per Cents., 1858, 581,
574 ; ditto for account, 58 ; ditto 1001. Bonds, 59,
60) ditto Guaranteed Four per Cents., 1024.

In the discount market the demand continues
below the average of this period of the year. The
best bills were taken yesterday t to per cent.
below the Bank rate, and the applications to that
establishment were upon rather a quiet scale.
The amount of Australian fine gold taken to the
Bank yesterday was 106,0001., making the total pur-
chased by that establishment this week 230,0001.
The Atrato has arrived from the West Indies with'
296,0001. in specie, and the Alhambra, from the,
Peninsula, with 7,i561.
It is believed that some further parcels of specie
will be sent to the United States by the steamer.on
Saturday, bat the amount will probably be very
moderate.
No intelligence has yet reached London of the
arrival at Marseilles of the mails from Cslcutta,
China, and Australia.
Pending the receipt of the mails from the East
the silver market remains inactive. The Mexican
dollars by the Tamar are still unsold. Should the
letters confirm the telegraphic statements respect-
ing the rise in the exchanges, an increased demand
both for bar silver and dollars may arise.
The marked success which has attended the
operations of the Trust and Loan Company of
Upper Canada has encouraged the formation of a
similar undertaking for the Australian colonies.
The prospectus is now being privately circulated.
The title is the Trust and Agency Company of
Australasia (Limited). It is very respectably con-
stituted. The capital is to be 500,0001., in shires
of 101. each, but the first issue will be limited to
12,500 shares. It is proposed to borrow money on
debentures in England at fixed rates, and to employ
it in South Australia, Victoria, New Zealand, be.,
in loans secured by a first mortgage on landed estate
only, and limited to the extent of half its selling
value. General agency business in connexion with
the Australian colonies will also be carried on. It
is pointed out that the company's business will be
essentially free from all speculative features, and
that the utmost degree of security will in all
caws be made a primary consideration. The field
selected is undoubtedly a very promising one.
A meeting was held yesterday of the (=editors of
Messrs. Thomas Piper and Son, builders, who re-
cently failed. After considerable discussion, pro-
voked by the smallness of the assets, it was resolved
to accept a a composition of 4s. 6d. in the pound,
payable in instalments at 4,8, and 12 months.
In connexion with the stoppage of Messrs. Piper,
the bills of Mr. Henry Bateman, timber merchant,
of Old Bred-street, who has supplied them with
timber, have been returned ; but, although his
claim upon Messrs. Piper is somewhat considerable,
his estate is expected to show a rather favourable
result.

Messrs. A. Mush Han and Co.. merchants, of
Manchester and Bradford, have stopped payment.
They are in the Levant trade, and remittances are
expected from Constantinople before the meeting
of creditors, which is to be held on the 19th inst.
The liquidation, it is thought, will not prove
favourable.

The bills of Messrs. Charles Villatte and Co.,
South American merchants, of Birmingham, have
also been returned. The liabilities are believed to
be rather large, but with regard to the assets no
certain information has transpired.
The Eastern Counties Railway traffic return
shows this week a decrease of 1,3291.; the Midland,
an increase of 3,918/. ; the Lancashire and York-
shire, an increase of 2,4451.; the Manchester, Shef-
field, and Lincolnshire, an increase of 1,0081. ; and,
the North Eastern, an increase of 2,6621.
The half-yearly meeting of proprietors of the
Union Bank of London Is convened for the 16th of
January, to declare a dividend ; and that of the
St. Katharine Docks Company for the 21st of
January, also to declare a dividend.
An extraordinary meeting of the Equitable Gas
Company is called for the 9th January to consider
the propriety of creating new shares instead of
borrowing.
The directors of the National Provincial Bank of
England have declared a half-yearly dividend at
the rate of 8 per cent. per annum.

Taotmar ETINING.
Consols, which closed yesterday at 94 to 1 ex
div., for the 10th January, opened and closed to-day
at the same quotation. The official business report
is as follows :—Three per Cent. Consols, for ac-
count (Jan. 10), 92k, 1, ex div. ; Three per Cents.
Reduced, 921 I, ; New Three per Cents., 92*, I
Bank Stock, 234, 934 ; India Fuur per Cent. De-
bentures, 1868, 96j, t ; ditto, 1859, 96}; ditto
Bonds, 10s. die. ; Five per Cent. "enlaced" rupee
paper, 95 ; ditto Fivequid-a-Half per Cent., 101*,
101.

Mille Indian Five per Cent. rupee paper remains
dull, at 0b to and the. Five-and-a-Half per
Cent. at 101 to I. Exchequer Bills were quoted
ss. to 2s. dis.

Turkish Bonds were steady, with few transac-
tions. The Loan of 1854 closed at 72 to 1, and that
of 1858 at 58 to 4. Mexican Bondi were firm at
21/ to 4, owing to the hope of an immediate in-
terference on behalf of the bondholders by our go-
vernment. Other foreign stocks were quiet.

MINEB.-(THIS DAT.)

Two o'CLooz.

The mining market this morning has been steady,
with a moderate amount of business. In the Stock
Exchange, East Wheal Russell shares are in de-
mand and are marked ilk. East Bsasot have been
dealt in at 122 and 121. The other transactions
have been chiefly in shares in Wheal Edward,
Wheal Wrey, and Stray Park mines.
St. John del Rey Mining shares are steady,
and have been dealt in at 281. Colonial mining se-
curities exhibit no alteration.

A City police-constable writes :—" There are
at this moment many police-constables in the city of
London who, through being obliged to reside in the city,
are now living each with his wife and family in a state of
peat discomfort and indecency in a single room. Those
of them who are eas night ditty, and who are required to be
vtgi ant have to endeavour to sleep by day, with what
mina may be easily imagined. I will not dilate on their
condition in sickness or during their wives' confinements,
as it must be obvious."