The Express.
London, England, 1858-11-04 00:00:00

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MONEY MARKEY-THIS DAY.

Two VOLooi.

The funds to-day exhibit increased heaviness.
Compared with the quotations current at four
o'clock yesterday, a fresh decline of nearly
per cent. is presented. In the other
Markets flatness likewise prevails. The cause of
the depression still rests almost exclusively with
the sudden drain of bullion. Business throughout
the Stock Exchange continues languid.
.._ _ _

Consols for the 10th Nov. were first marked 98
and are now quoted 971 to For money the pre-
sent quotation is 971 " buyers." The Throe
per Cents. reduced have been dealt in at 961 to
the New Three per Cents. at 981 to $;
Bank Stock at 2251 ; India Four per Cent. De-
bentures of the first issue, at 99i ; ditto
of the mond iwue, at 231 India Bonds,
at 13s. to 40e. prem. ; Exchequer Bills, March, at
39e. prem. ; ditto June, at 295. to 335. prem., show-
ing a decline.
Turkish stocks remain heavy. The scrip of the
first series of the New Loan, after being marked
die., is now quoted to 11 die., whilst that of the
secood aeries is quoted Ito I prem. The 81x per
Cents. of 1864 are dull, at 92 to 1. Russian
and Peruvian Bonds continue to meet with inquiry.
Sala are recorded as follows ;—Brasilian Old Five
per Cents., 1021 ; ditto Four-and-a-Ralf per Cents.,
1868, 975, 97/ ; Danish Five per Cents., 1826, 861;
Peravian Four-and.a-Half per Oenta., for account, 92;
ditto Uribarren Four.and-a-Half per Cants., 84 ;
ditto Four-and-a-Ralf per Cent. Dollar Bonds, 791

(exchange 45.); Russian Five per Cents., 1181,
1121 ; ditto Fourand-a-Half per Cents.,
102, 103 ; Spanish New Deferred Three per
Conk., for account, 301; Turkish Six per Cents..
1864, for account, 921, 92, 921; ditto Six per Cents.;
1868 (scrip of the first series), for amount, 1,1, 1
die.; ditto second series, for account, 1, 1 per;
ditto, Guaranteed Four per Cents., for account, 1061,
1061.
The amount of gold withdrawn from the Bank yes-
terday was 164,0001., all in bars, destined for exporta-
tion to the Continent, in payment for silver remitted,
or to be remitted, to the East. The total amount of
bar gold and sovereigns known to have been with-
drawn during the week ending yesterday is about
490,0001. In face of the enormous accumulation of
gold in the Bank, and of the extensive supplies
which are known to be on the way to this country
from Australia and elsewhere, the drain now wit-
nessed cannot possibly excite anxiety, but certainly
attracts a good deal of attention. The continents/
exchanges have now descended to a point at which
all the gold imported will to sent away ; and when
the movement towards recovery takes place, it will
probably be very gradual. Meanwhile, the demand
for gold against the imports of silver is so protein(
that withdrawals from the Bank will probably take
place almost daily until the expected supplies come
to hand. The Agincourt, with 283,0001., has now
been 102 days at sea from Melbourne, and the Lin-
colnshire, with 422,4001., 81 days. The 199,6061. in
Australian gold brought to Buss by the steamer
European is not expected to arrive until about this
day week. The specie by the lAtrato will be de-
livered about to-morrow, and the gold, amounting
to 118,8001., will immediately be taken for the Gina-
duet. The bar silver by this vessel was sold peter-
day for theEsst at ss. ltd. per oz. standard, being id
above the price realised for the remittance by the
previous packet, whilst the Mexican dollars fetched
6s. Old. per oz. being no less than Id. above
the quotation established a month ago. As
may be inferred from the state of the mar-
ket for silver, the aneand for exportation
to India and China is decidedly increas-
ing. About 260,0001. worth is known to have
been already engaged for the steamer of the 20th
last., and of this a considerable proportion has yet
to be imported from the Continent. The aggregate
by that vessel will doulitkes be much larger.
Cosisidering this adverse bullion movement, it is
not surprising that the value of money has become
somewhat higher during the last few days. To
draw large amounts of silver from the Continent, and
remit gold in payment, involves a imosiderabk ab-
sorption of money. The applications for discounts at
the Bank yesterday were rather mars numerous ; the
terms for first clam bills in the open market were
21 to 2f per cent. ; and in the Stock. Exchange loans
on English government securities commanded 2 to 21
per cant.
The Submarine Telegraph Company have just
kid, with perfect moms, a new submarine cable
between Weybourne, in Norfolk, and Bochum,
near Emden, in Hanover. The steamer em-
ployed was the William Cory, which started
at 4 p.m. on Sunday. The submersion was ooni-
pleud at 11 o'clock morning. The total
length of the cable was 280 about 10 par cent.
being allowed far " aka& ;" and the quantity ac-
tually paid oat is believed to be 260 miles. The
new line will be opened to the public in about a
week hence, and will doebthes prove very useful,
since there is already tekgraphic oommanieation
between Emden and Hambecy, and, consequently,
all Germany. The telegrams received by the 00111-
paay yesterday state that the "signals are first-
rats now, and the line appear to be in excellent
condition." It is added that "the expedition is
now secure from any weather, and nothing can go
wrong.*
The Submarine Telegraph Company have likewise
completed the arrangements rendered necessary by
the failure of their line between Dover and Calais.
This line remains for the present useless, but the
company's engineers entertain straw hopes of find-
ing and repairing the fractured part at a few miles
distant from CAW& The company now carry on the
service between England and Faris by means of their
'Ostend wires, and as speedily se by the Dover and
Calais route.

The sugar market yesterday was fiat, and Mame
instanoss a decline of ed. per cwt. was sahmittel
At the public sales of saltpetre a redemption st Is. ed.
per cwt. from Tuesday's prime wee eseillshed.
In the Court of Bankruptcy yesterdayMeren.
sad I. Barnes, woolstaplers, of Blaadfenl lona,
applied for their certifiliates. Mr. Comadmisese
Fouldanque suspended the certificates (sewed slam)
for 12 months from the date of the examined=
meeting, it appearing that the bankrupts had, before
coming to the court, allowed the bulk of their pro-
-1 party to be swept away by an execution at the suit
of the trustees under them father's will. Protection
was given, the wart set imputing fraud to the
bankrupts. In the wee of Biwa and Freemen,
who were indicted the ether day, an adjournment
ens din wu ordered, with leave to the bankrupts to
apply for a day when the criminal proceedings are
terminated.

The London and North Western Railway trails
retarn is better this week ; the decrease, red
with the corresponding week ef hot year,
4,0321. The Great Northern rerun plrerents an
increase of 1,8231.; the Great Wasters an increase of
6251. ; and the London and South Westarn an in-
crease of 9441. -

, A tall of 31. is to be paid on the shares of the
Red Bea and India Telegraph Company by the 25th
instant.
With reference to the leather market, the monthly
circular of Maws. T. J. and T. Powell, dated this
' day, reports as follows :
The leather tad* of the past imtiffit has ban of =4
uniform character, without say giliet 'Aft in tke
bat sufficient, with but little =las la poorest wry ma-
terial increase in the stooks ea weriatiam la pekes
wrety slight—we bare teat Mr am mettle had se taw
to make in oar celtelieel, ad 161111 is every
news to believe that the various slimes of esussinodoa
will saffice to maintain about :the irsdihig position of
tho
market. In raw goods a large balms las om the whob"
beam dons. both for exportadat sad der lams osa. Box as
goatestly have varkal tat Idle booths swim arstatk. sad
wows goo eye nesrly mulwaged—esitsl Mass ta gamut
showing a slight nidsetion.

WIDXIINDAY EVINIXO.

The funds opened rather daily this morning, bit,
upon a few buyers coming forward, an upward
tendency became observable. A recovery off per
cent, however, proved merely temporary, the
market relapsing at the close to the final quotations
of yesterday. After the close of the Stook Exchange
a fresh reduction of 1-16 to f per cent, was quoted,
owing to the rumour of a further large withdrawal
of gold from the Bank.
In

the other department, of the Stock Exchwe
the variations were in answer to those in Consols;
but considerable steadiness was maintained, and,
with the exception of a fall inTerkish securities, the
closing quotations were in nearly all instances equal
to those of yesterday.
Console, which closed yesterday at 98, " buyers,"
for the 10th November, opened this morning at
98 to rallied to 98$, " buyers," and closed at 98
" buyers." At the same hour, viz., 4 o'clock, the
price for money was exactly 98, and for the 7th of
December, 98$ to 3-16. After the close of the
Stook Exchaage, however, increased heaviness pre-
vailed, and at half-past 4 o'clock the quotations of
Consols were as follows, viz.:—For money, 97; ;
for the November settlement, 97; " buyers," and
for December, 98; "sullen." The rate of " continu-
ative" may be quoted 8-18 per ant. The acid
basin' ass report is as follows :—Thees pee Cant. Con-
sols, foe money, 98, 98k, 971, 98; ; ditto for
account (10th of November), 965, 98, 98$;
Three per Cent. Reduced, 96k I, ; New Three
Per Cent., 965, 4 ; Bank Stock ; India Stork,
327; Indian Four per Cent. Debentures, of the first
hone, 100, 991, 994; ditto of the second ions,
991, 995, 991; the scrip of the second issue, 9911.
The debentures of the first Indian Loan were
quoted this afternoon 99$ to ; ; and the scrip of the
seoond issue 99; to I.
The March Exchequer Bills were quoted to-
day 38e. to 40s. prem., being rather more offered,
and the June 31s. to 34e. prem.
In the foreign stook market the fluctuations were
principally confined to the new Turkish Loan, which
was unfavourably influenced by tales.