The Express.
London, England, 1856-11-18 00:00:00

MONET MARIBT.--THIB DAT,

Two oVuxi.

The feuds today have attained a further improve.
meat of 1 to f per cent., and all the Stook Exchange
markets are better. Console for the 4th December
were first marked 931, and are now quoted
931, exactly. For money the price is 93 to 1. The
Three per Cents. Reduced have been dealt in at
911 to 921; the New Three per Cents. at 92 to
911; India Stock at 227; and Exchequer Bills at le.
dim. to ls. prem.
Turkish Six per Cents. have risen to 90/ to 91.
' The Guaranteed Four per Cents. are quoted 100 to
1. Other foreign securities are very quiet. The
sales are limited to Dutch Two and-o-Half per
Cents. at 841 (exch. 128.); Mexican Three
per Cents, at 211; ditto, for account, 18th Nov., at
1221; and Spanish New Deferred Three per Cents. at
231 and 231.
The letters from Paris allege that the amount of
gold purchased by the Bank of France during the
LW month is about 2,500,0001. As the whole
of this ban disappeared, there is sufficient
evidence that the metallic drain continues, and
that the Bank's foreign bullion purchases
must be persevered in. As a result of inquiries
extensively pursued, it is estimated that there exists
at present in the French funds a floating speculation
foe the rise to the extent of some five millions sterling.
This circumstance, coupled with the constant supply
of new stock from the last loan, readily explains the
high rates of interest witnessed at each monthly
settlement on the Bourn. On the other hand, it is
believed that many of the great capitalists, who fore-
saw thereeent oollapes,and transferred their secaritice
to the hands of the smaller fry of speculators at prices
much above thugs now current, are short of stock,
and would not be disinclined to repurchase upon any
symptoms of real improvement in the monetary
situation. The questions, what prospect is there of
such improvement, considering the magnitude of the
demands which have yet to be met by the money
market? Four-and-a-half millions sterling have yet
to be paid on the last loan, and this fact enoourages
a belief that the floating supply of stock will cow
time large until February. Several of the lead-
ing railway tempests" are also notoriously in want
of funds whetewith to carry on works now in pro-
grams. With a view to facilitate the issue of fresh
securities by certain companies, it is whispered that
a little judicious support is likely to be given to the
share market, which also derives assistance from the
mare favourable aspect of the traffic returns, now that
the emporia°a no longer lies with the Exhibition
season of last year. But although the future demands
upon the market are evidently serious, we must
sot overlook the immediate absorption of rail-
way and government stock which is going
en at the reduced prices for account of the
polio. It is calculated that the advances on
strike and shares repaid to the Bank during the
lest month represent a total of about six millions
'heeling in securities (making allowance for the
limited amount per cent. advanced by the Bank), the
whole of which must have been withdrawn from the
institadon and placed in other hands. This opera-
tion during the month has been attended with little
patidies to the value of the Renton. Railway shares,
it is tree, have fallen heavily; but in the fact that
this heavy maw of securities has been forced out of
"pledge" there is evidently room for the hope of a
steadier market.
The specie ex the steamer La Plata is expected to
be in hand to-morrow.
The New York advice, report that the exchange on
London was weaker; nevertheless it was believed that
the flow of specie to this side will continue.
The corn market yesterday was quiet. Good qualities
of wheat maintained last Mondays rates, but inferior
sorts were scarcely saleable, unless at a alight redo-
don. The arrivals of foreign breadetnffe in Lain
last week were large, amounting to 34,969 quartet"
of wheat, 4,738 of barley, 31,418 of oats, and 8,316
barrels of flour. Sinn last Friday only seven grain
laden vessels have arrived at port of cell, bat twelve
or fifteen cargoes remain on sale, for which buyers do
not offer freely. The provincial markets held at the
goes of last week were generally dull. The French
markets in some cases show an upward tendency.
Telegraphto advicee have been received from St.
Petersburg, dated yesterday (Monday) morning. The
weather had become warmer, and the steamers and
sailing vessels which had been detained by the ice
were putting to sea.
According to letters received from well.ia•
formed parties in several continental cities, the
removal of the apprehensions recently entertained
respecting the cordiality of the relations between the
English and French governments has been attended
with a favourable effect upon the money market.
With reference to an intimation in ear law
report, we are requested to state that the di-
rectors of the London and County Bank had no
cognisance of, nor ever in any manner authorised,
an arrangement for the purchase of any interest
whatever in the Newcastle Commercial Bank.
In consequence of the delays lately experienced in
procuring transfers and stock certificates front the
office of the Great Northern Railway Company, an
official representation has been made by the Stock
Exchange authorities. The subjoined reply from tke
secretary hes been posted up in the Stock Ex-
change:
Great Northern, N0v.15, 1866.
Sir,—l have to acknowledge the ncelpt of your letter of
the 14th last., for which lam obliged. The current work
of the registration department ha unavoidably been Ler-
raged by the painful discoveries which hive been made
within the last few days, but every exertion shell be mete
to extinguish the of work in hand, and I hope that
all transfers end stock certificates now In the °Mee will be
seat out oa Monday, bat certainly on Tuesday. For the
satisfaction of Individual proprietors I shall be hippy to
answer any inquiry, if the parties will favour as with a
letter stating beta, the peeve elare and amount of the stook
in respect of which they seek information.—l am, de,
OEIIBO J. R. Mowers, Secretary.
WWI Meagher, Esq., Secretary of the Railway
Department, Stock lixdmage.
The directors of the London Discount Company
announce that they propels to commence business
early in December. A manager and suo-manager
have already been engaged.
The prospectus of the British and Colonial Agency
Company (Limited) is issued. This company pro-
poses to raise a capital of 23,0001. (subject to increase)
" for the purpose of transacting business on commis-
sion and sgenoy principles only, chiefly in connexion
with monetary transactions, thereby creating a sort
of exchange for loans, investments, and the purchase
and sale of real and personal estate, and properties
of every description, through the medium of an
extensive connexion, a competent staff of assistants,
and a well arranged system of registration." It is
intended to keep registers of money ready to be
advanced, at the same time indicating the nature of
the securities in which it is to be employed; also
registers of real estates and properties offered for
sale. The shares are of 61. each, on which a deposit
of 10s. per share is to be paid on allotment.
A farther cell of 2L 10s. is to be paid on the 251.
shares of the Grand Junction Waterworks Company
by the 15th of December.
The halt-yearly guaranteed interest is to be paya-
ble on the shares of the Victor Emmanuel Railway on
the 29th int.
A special general meeting of the British Telegraph
Company is called for the 25th inst., at Manchester,
to decide upon a proposal for the untou of this com-
pany with the English and Irish Magnetic Telegraph
Company, or for the sale of the undertaking to some
other company.

MONDAT EVIIKINO.

The Stock Exc'iange has been quieter to-day than
for some time past. In all quarters business was
languid, but the funds were maintained at an advance
of I per cent. over the closing quotations of Saturday.
Railway securities were also well supported. Amongst
the favourable featurts of the day were an improve-
ment at Paris, and a somewhat easier mosey market
hers. The supply of money was rather more liberal,
but little change can be quoted in rates. First class
abort dated bills are discounted at about the Bask
minimum of 7 per cent., bat for all other paper
higher rates are exacted.
Console, which were last quoted on Saturday 921
to 93 for the 4th December, scarcely varied to-day