The Express.
London, England, 1860-12-10 00:00:00

MONEY MAREET.-(THLS DAY.)

Two o'Cloci.

The funds to-day are quieter, and a reduction
of per cent has occurred. The news both from
America and China has been perused with great
attention. The share markets generally are firm.
The morementa of immediate interest are a rise in
London and North Western Railway stock, and •
fall in Mexican Bonds.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes were quoted
69fr. 10c., ex div., being Sc. lower than on Saturday.
Consols are officially marked 931, 944, and 931
for money (transfer books shut), and 92/ and 1, ex
div., for the account. The present quotation
is 921 to;, ex div., fee the 10th January. The
official business report is as follows
Bank Stock, 234; Three per Cents. Re-
duced, 921, a ; New Three per Cents.,
924, I ; India Five per Cent. Stock, 1859, 1031 ;
ditto Four per Cent. Debentures, 1858, 96} ; ditto,
1859, 961 ; Five-and-a-Half per Cent. " cnfacieln
Rupee paper, 1014 ; Exchequer Bills, 3e., Os. dia.
In the foreign stock market the principal feature
is a fall in Mexican, in consequence of
news that the bondholders' property in Mexico
has amain been plundered. Transactions are
recorded at 21 and 214. Turkish Bonds exhibit
little alteration, the loan of 1854 being quoted
721 to 1, and that of 1858, 681 to 1. The 1001.
bonds of the latter loan, however, are marked O.
Sales are reoorded as follows : Brazilian
Four-and-a-Half per Cents., 1860, 87/, ex
div. ; Mexican Three per Cents., for ac-
count, 21, / ; New Granada Deferred, 51 ;
Russian Four-and-a-Half per Cents., 941; Sardi-
nian Five per Cents., for account, 844, 84 ; Spanish
New Deferred Three pee Cents., 411 ; the
Committee's Certificates, 61, 8 ; Turkish Six per
Cents., 1854, for account, 721; ditto Six per Cents.,
1858, 581, ; ditto Small, 65.
The 293,00)1. in gold by the Suffolk reached
London ou Saturday. The Anglesea hay arrived
from Melbourne with 57,598 ounces of gold, worth
2361,0001. In the absence of any active demand for
the Continent, it is believed that solve amount will
remain here.

The imports of specie last week, including the
amount announced on Saturday, comprise 523,0001.
from Australia and 3,8411. from Brazil.
Owing to an increased demand for Bombay, the
price of bar silver has advanced to fee. lid. pee
ounce, being id. above that recently current.
The Tyne will take for Brazil, to-day, 16,001 x.
in gold and 14,5001. in silver.
A call of it. is to be paid on the new shares of
1860 of the Loudon and Blackwell Raiiway Com-
pany by the 15ili January.
The report of the directors of the Clerical,
Medical, and General Life Assurance Society, pre-
seated at the annual meeting on the 30th Nov., ex-
presses theirsatisfactioaatthe favourable of
the society during the year under review. eTb number
of new assurances effected Was larger than in any
corresponding period. 572 policies were issued fee
324,575/., yielding 10,1791. in new annual pre-
miums. The gross income has increased to
185,9281., and the assurance fund to 1,330,6211.
It is therefore pointed out that, after the payment of
all claims and expenses, the accumulated fund has
received an augmentation of 75,090!., a sum exceed-.
ing by 10,3001. the surplus of the previous y
The office of president of the society, which haat
been filled during a period of 24 years by the Lai
Duke of Richmond, has been accepted by the Arch-
bishop of York. The name of the Duke of Marl-
borough has likewise been added to the list of vice-
presidents.
The annual meeting of the Isle of Wight Roast
Company is called for the 15th inst.
The Gleam and Wellington have arrived from
China with 570,3001 be. of tea.
We take the following from the circular of
Meagre. Joseph Travers and Sons :
Nesting have latedy been called by several dealers in tea
to consider the advisability of refusing payment of broker-
ego, and of the small charge of sixpence per lot, "lot
money." The result has been the abandonment of the main
question with regard to the brokerage, but a continued re-
fusal to pay lot money. It is stated that the merchant.,
taking part with the brokers, have professed their readiness
to discuss the printed conditions of sale used in this 'market,
but they decline consenting to alteration of any parti.
cigar clause, such as that rotting to the charge of lot mousy.
It is further hinted that if a re of the printed conditions
takes place, merchants may in future refuse to allow in-
terest on payments on deposits, and decline to allow the
usual draft .1 11b. per chest. We cannot think that +o un-
important, a qaestion as that of lot money will be pressed,
end e e have, therefore, in common with mo,t other whole-
male dealers, declined taking part in this matter; but we
should much regret if the printed conditions of sale are
called in question, as it will lead to serious difficulty be-
tween buyer and eller, and involve the retailer, whose in-
terest is concerned in the discussion. It will be well for
merchants to remember that there are few articles in which
the conditions of sale are so much in favour of the importer
as that of tea. We sincerely trust that the entire discussios
may drop, as, indeed, it seems probable It will.

IiATIMDAT By iia.
Consols, which closed yesterday at 941 to 1 (or
equal to 921 to ex div.) for the 10th January,
opened this morning at 921 to 93 ex div., and so
closed. Although the transfer books are now shut,
a few transactions occurred for money. The official
business report is as follows :—Three per Cent. Conte
sole, for money, 961, 94, 93/ • ditto for account
(Jan. 10), 93, 92t ex div. ; Three per Cents. Re.
duced, 921, 1,1, ; New hree per Cents., 921, 1,
1 • Bank Stock, '232 ; India Five
_per Cent. Stoc
1031 • ditto Four per Cent. Debentures, 1858,
961 ; ditto Bonds, 10a., 5.., die.
The Five per Cent. rupee paper was rather
firmer, at 951 to 96, and the Five-and-a-lialf
per Cent at 1011 to 102. India Bonds were quoted
10s. to Ss. dis., and Exchequer Bills, Si. to 3s. dia.

Very few transactions occurred in the foreign
stock market. The Turkish Loan of 1854 was
quoted 721 to and that of 1888, 58; to I. The
1001. Bonds of the latter loan, however, were again
.ought after, apparently in connexion with Messrs.
Mires' projected luau, and as much as 65 was gives
for them. Brazilian Four-and-a-Half per Ceuta,
were rather weaker, at 86e to 87} ex thy., owing
to the increase which will probably be made to the
amouLt of the public debt of the empire by the
corn onion of a portion of the railway capital.

There was no alteration in the market for hank
shares. Bank of Australaaia wore officiellymarked

72 and 71•

The

El hare maiket was

likewise unaltered, with the exception of an im-
provement in Van Diemen's Land. Great Ship
were quoted ss. 3d. to Si. 9d.
The inquiries for the shares of the New Marine
Insurance Companies continues.
The closing quotations for shares in new wider-
takings were as follow :—Ocean Marine Laur-
ance, 31 to 31 prem. • Thames and Mersey Marine,
I 1 to 11_,• Universal Marine Insurance, to 1
prem. • London and Provincial Marine, to
dis. ast India Irrigation, 3-16 to 1-16'dia. ; Grimt
Kanawha, Ito prem. ; and Brighton Hotel, par
to 1 prem.

MINES.-(THIS DAY)

Two o'CulaL

The mining market to-day is steady, witha mod°.
rata amount of business. In the Stock Exchange
Stray Park shares are ollicially marked 48} and
49. The other transactions have been chiefly in,
shares in Botallack, West Prances, Wheal Basset,
South Prances, Wheal Buller, and Great Retallack
mines.

Bs. John del Rey Mining charea are in demand,
and are marked 29. Fortuna have been dealt in at
2i, 21, and 21 ; and United Mexican, at 21.

. •
The first annual meeting of the Great NorthernCopwr
Mining Company of South Australia is called for the 3rd
of January.
In extraordinary meeting of the Fort Bowes New 0081.
piny (United) is ospoil for the 17th inst., to consider the
expediency of a vAttot.‘ry winding up.
North Frances 111:e tLo tith luaL ntale • call of Se.
par share.