The Express.
London, England, 1860-11-09 00:00:00

MONEY MARKET-(THIS DAY)

Two o'CLovit.
The funds to-day are well supported at the,
adVIIIIOO which took place yesterday afternoon. Notl
much business is going forward. In the share
markets steadiness continues to prevail,
and the immediate tendency is rather
favourable. The principal feature is a
fresh improvement in Lombardo-Venetian Railway
shares. The panic in Canadian railway securities
appears to be arrested, but the prices are not
quoted better than yesterday afternoon.
At Paris this morning, according to Mr.
Reuter's telegram, the Three per Cent.
Routes were quoted at 70fr. 20c., showing
a further improvement of j per oent. since
yesterday. The return of the Bank of Prance,
which shows a further decline of 1,000,0001. sterling
in the coin and bullion, and the increase of
1,800,0001. in the bills discounted, has not been
attended with any unfavourable effect.

Consols are of marked 933 and for
money, and 934 and 1 fur the account. The pre-
sent quotations are 931 to 4 for cash, and 931
to 4 for the 6th Dec. The official business re-
port is as follows :—Bank Stock, 232 ; Three
per Cents. Reduced, 911, 1 ; New Three per
Cents., 911, 3 ; Thirty Years' Annuities, expiring
in April, 1885, 1131 ; ladle Five per Cent. stock,
1859, 1054 ; ditto Bonds, Bs. dia. ; Five per
Cent. " enfaoed " rupee paper, 951 ; Exchequer
Bills, 3s. dia.
The towage stock market remains quiet. There
ii; bower, a renewed demand for the Titrkish bonds
of 1858, which have risen 4 per cent., being quoted
Into 58. The Loan of 1854 is quoted 71 to 4, being
steady. Other foreign stooks exhibit no alteration
of importance. Sales see recorded as follows Bra-
ailran per Ceuta. , 1858, 884 ; Buenos
Ayres Six per Cents., for account, 944 ; ditto De-
ferred, 901 ; Peruvian Uribarren, Fonr-and-a-Half
per Conte., 834 ; Russian Five per Cents., 1051 ;
ditto Four-and-so Half per Cents., 943 ; ditto Three
per Cents., 1859, 624, ex div.; Spanish Three per
Cents., for amount, 494, 4, 49 ; Turkish Six per
Cents., 1854, for account, 711, ; ditto Sir per
Cents., 1868, for account, 574, 58.
In many quarters there is an impression that
the rise in the rate of discount might have
been adopted with advantage at an earlier
period. Other persons would have preferred
seeing the rate raised at once to 5 per
cent. On all hands, however, the Bank move-
ment is approved of, as a step in the right
direction. That it will do more than interpose
a very slight check to the efflux of gold
is not to be expected. The required supplies of
food must be imported, and the adverse balance
thus occasioned must be redressed. All that can
be done is to contract within the narrowest limits
the flow of British capital abroad for other pur-
poses ; and this an advance in the value of money
here will partially accomplish. The opinion is still
generally entertained, however, that the rates will
ere long rise higher. The supplies of Australian
gold are inadequate to the demand, and those of
American have almost ceased. The depression of
the American exchanges will be prolonged, should
the panic in the New York stock market result in
the transfer of any considerable amount of Ame-
rican securities to this country.
The rates allowed for deposits by the miens
financial establishments have been raised 4 per
cent, in consequence of the movement of the
Bank. All the joint-stock banks now allow 34 per
cent. (except that the Londou and Westminster
gives only 24 for ommt. below MOO. The Lom-
bard-street discount houses and the National Die-
count Company give 34 per cent. for money " at
call " and 3/ "at notice."

About 43,0001. in gold was taken from the Bank
yesterday for the Continent. The Magdalena will
take 14,0401. in silver and 10,6511. in gold for
Brazil.

The Mexican dollars by the Seine have been sold
for China at ss. nd. per ounce, showing a rise of
id. compared with the price obtained for the sup-
ply by the previous Mexican packet. In the
interim, however, sales have occurred at se. 21,d.
and ss. 21d. The bar silver remains unsold.
In the Bankruptcy Court yesterday an adjudice-
nom wan made against Mr. John Baker, tanner and
farmer, of Heathfield, Sussex, whose liabilities are
16,0001., and assets about 4,0001. Immediate cer-
tificates, but only of the third-class, were awarded
to Mears. Bell and Brassert, silk-fringe importers,
of Goldsmith-street, who owe 94,8821., sad have been
ruined by setting up as manufacturers and erecting
machinery with borrowed money. A further ad-
journment took place in the case of Messrs. Smith,
7ahiant, and Smith, tanners, and in that of
Misers. Gandell sad Co., merchants, of Upper
Thames-street, who owe 24,130/., against assets
amounting to 17,892/. In the latter case the ex-
amination was adjourned sine die, without protec-
tion, after three weeks have expired, thus allowing
the bankrupts to appeal.
The first class guaranteed and preference stocks
of British railways continue very scarce in the
market.
The particulars are published of 457 bonds, re-
presenting 65,1001., of the Danish Three per Cent.
Loan, which have been purchased for redemption
and cancelled.

The lancatihire and Yorkshire Railway traffic
return shows this week an increase of 4,2271. ; the
Midland, an inereme of 2,3171. ; the Manchester,
Sheffield, and Lincolnshire, an increase of 7881. ;
the North Eastern, an increase of 3,5201. ; and the
Eastern Count,ies, an increase of 1,0981.
A telegram announces that the receipts of the
Great Western Railway of Canada, for the week
ending October 28, were 11,3971., being 1,894 E
more than for the corresponding week of last year.
The traffic on the 687 miles of the South Austrian
line of the Lombardo-Venetian Railway Company
for the week ending Oct. 27 was 44,2701., being
4,9521. more than in the corresponding week of 1869
on the same number of miles ; and that on the
Lombardo-Venetian line 5,0961., showing an in-
crease of 7381.

The fifth call of 51., making 181. paid, is to be
paid on the shares in the Great Southern of India
Railway Company by the 15th of December ; and
a call of 2/., making 41. paid, on the preference
shares (class B) in the South Eastern of Portugal
Railway Company by the 6th of December.

The third 43;11 Of 2/. is to be paid on the 5 per
cent. preference shares of the Vale of Niath Rail-
way Company (aet of 1859) by the lat of December.
The call of 751. per share, just announced, upon
the contributories of the London and Eastern Bank
is to be paid by the 15th of December.
The half-yearly meeting of the Danube and Black
Sea Railway and Kusteadjie Harbour Company is
called for the 21st inst., and will be made special to
authorise the issue of 500 new shares, representing
50.0001., as well as to alter the articles of mao-
ciation.
The position of the market for American se-
curities is noticed as follows by Messrs. D. Bell,
Son, and Co. :
The market for American State securities has been very
quiet during the past week, and prices have remained
stationary. The only change in railroad securities has been
a considerable daelioe is the price of the shares of the
Illinois Central and New York aid Erie Railroads.
The markets for sugar and rice yesterday showed
increased firmness. .

The Liverpool cotton market yesterday was firm,
and the sales reached 15,000 bales.
The following is Mears. Onlverwell, Brooks, and
Co.'s report of yesterday's hide sales :
At the twenty-second swiss of pebile sass for this year
sad /bald yesterday, the quantities broaght forward ware
large, and although the home trade were buyers to a fair 0:-
teat the market was not so well supported by the exporters,