The Express.
London, England, 1860-12-04 00:00:00

MONEY MAElffr.-aiILS DAY.)

Two o'Crocs.
The funds to-day are firmer, and an radvauce cd
per cent. has taken place. Preparations for next
Thursday's settlement have formed the chief busi-
ness. In the market for British railway stocks •
little flatness. is observable, except as regards Lan-
cashire, and Yorkshire and Caledonian stocks,
which continue in demand. In the other depart-
ments of the Stock Exchange there is no feature el
interest.
At Paris this morning, secordiugto Mr. Reuter's
telegram, the Three per Cent. Renter were quoted
70fr. 564 being Sc. better than yesterday.
I Consols are officially marked 951, 1, and
for money, and 931, 1, and 1 for the 6th
instant. The present quotation is 931 to 1 both for
money and next Thursday. The official business
report is as follows :—Three per Cents. Re-
dueed,9ll, 92 ; New Three per Cents., 92, 914,
92/ ; New Two-and-a-Ralf per Ceuta., 78 ;
Thirty Years' Annuities, expiring in April,
1885, 161; India Stock, 225 ; ditto Five
per Cent, stock, 1869, 1034 ; ditto Four per
Cent. Debentures, 1858, 961, 4 ; ditto 1859,
964 ; ditto Bonds, 9s. dia. ; Five per Cent.
" mimed nrupee paper, 954 ; Exchequer Bills, 15*.
dig.
The foreign stock market remains dull. The
Turkish loan of 1864 is rather flat at 724 to 4,
whilst that of 1858 is quoted 571 to 68.
Spanish ',bonds are firm. Sales are recorded as
follows :—Peruvian Three per Oenta, for account,
734 ; Portuguese Three per Cents., 1863, 181 ;
Sardinian' Five per Cents., for account, 844, ex
div. ; Spanish Three per Cents., 504 ; Turkish Six
per Cents., 1858, 584 ; ditto, for account, 574.
Some purchases of Midland, Lancashire and
Yorkshire, South-Eastern and Lombardo-Venetian
Railway shares were rendered necessary yes-
terday, in order to close the accounts of a dealer,
a member of the Stock Exchange, who failed yes-
terday, with an over-sold account in these and
some other stocks. The amount of his liabilities
is not important. Great Northern Railway stock has
again fallen, owing to the decline in the traffic. There
is • constant demand for American railway securi-
ties at the reduced prices now quoted, and the
market here in firm. To show the progress of the
absorption in England we may mention that an
aggregate of 40,000 shares in the New York and
Erie Railway Company is estimated to have come
over dewing the present year, the entire share
capital of the company consisting of 110,000 shares.
TIM pries has ranged from 4or 6 dole. to 44 dolt.
Taking 25 deli. per share as the average, these
40,000 shares represent about 200,0001. sterling.
The exchange between England and America must
have been to this extent prejudiced. Owing to the
large dimensions which are now assumed by the
market for American securities in our Stock Ex-
change, new dealers are entering it.

The bullion operations at tie Bank yesterday
ware limited to the withdrawal of a trilling sum-•-
about 3,0001.
The advice, from New York state that the
money market continued decidedly stringent, and
the rates of interest were as high as 7 per cent. on
call, at which the supply was very limited, and 12 is
18 per cent. for discount of leading paper. The bank
returns for the fortnight showed a decrease in loans
of 1,963,550 dolt, and in specie of 2,730,572 dots.
The foreign exchanges, in consequence of the
want of demand, had been almost unsaleable.
To-
wards the close there was more business, at a slight
improvement, owing to the palliative just adopted
by the New York banks, but the market continued
irregular, and quotations were, to a great extent
nominal, The nearest rate for first-class sterling
bills appears to have been 104 to 105 per cent.
Fears are expressed that the continuance of the
crisis will be attended with Mercantile failures.
The latest quotation of Illinois Central Railway
shares at New York is equal to about 32 dole. pee
share here (being 17 or 18. dole. below the present
London price), and that of New York and Baia
dares (which here are quoted 311 to 32) Is equal to
about 126. As partially explaining the very low
price of the former at New York, it is mentioned
that some of the English orders to buy which had
reached that city could not be executed, because
they were not backed by specie remittances.
The half-yearly meeting of ahinbolders in the
London Joint Stock Bank is called for the 17th
January. The retiring directors offer themselves
for re-election.

The Brighton Railway traffic return shows this
week an increase of 9811., and the South Eastern
an increase of 3341.

The traffic reoeipta of the Great Western Railway
of Canada, for the week ending Nov. 16, were
9,9361. sterling, being 1,4631 more than in the cor-
responding week of last year.
The half-yearly interest is advertised on Ma-
trams and Sabanilla Railroad Seven per Cent.
Bonds.
The Polmaiie has arrived from China with
966,1001b5. of tea.

KONDAT Emma.
Consola, which closed on Saturday at 933 to I,
for money and the 6th December, opened and
dosed to-day at 931, " buyers." For the 10th
January the final price was 93 15-16 to
94 1-16, or 94 (being equal to 92#, ex div.). The
" continuation" to January was alittle higher, the
dealers being " follows
of 5-16. The official busi-
ness report is u follows :—Three pea Cent. Console,
for money, 933, it,Li; ditto for account (Dec. 6),
933 ; Three per Cents. Reduced, 91k, 92 ; New
Three per Cents., 911, 92, 91i, 92 ; India Stock,
2gt, =4#, ; ditto Five per Cent. stook, 1859,
1 , ; ditto Four per Cut, Debentures, 1869, •
96, ; •
ditto, Bonds, 65., 10e. du. ; Five per
Cent. " enlaced ' rupee paper, 98 ; ditto Five-
and-a-Half per Cent., 1011.
• • • - •

The Indian rupee papa; was inquired for, and
showed an upward tendency. The Five per Cent.
was ,quoted 954 to 96, and the Five-and-a-Ralf
per Cent. 101} t 0.102. The Indian Five per Cent.
stock of 1859 remains firm, but being well placed,
meets now with little business. India Bonds were
quoted 10s. to 6a dis., and Exchequer Bills, Si. to
21. die, showing in the latter instance a reduction
of IA
In the foreign stock market business was almost
at a standstill. Turkish Bonds were rather flat ;
the Loan of 1854 closed at 72} to 73, being per
cent lower than on &Outlay, and that of 1858 at
72} to 73}.. As regards other descriptions then
was no variation worthytif notice.
Bank shares remain very steady. London and
Westminster Bank continue in demand. In the

miscellaneous share market the only alterations
were a fresh decline in Peninsular and Oriental
Steam, and an improvement in Great Ship, which
loft of at ss. to fie. 6d.
Canada Government Six per Caste. were tatter,
and Victoria Goveriunent Beads inquired for.