The Express.
London, England, 1858-01-08 00:00:00

THE EXPRESS, FRIDAY EVENING, JANUARY 8. 1858.

SHARE LISTS-THIS DAY

L 1311115 LRAM= AI 11:1[113 IRNIALL

Two o'CLoor..
The railway share market to-day is general]
flatter. In most cases a reduction of
to per cent. is exhibited. London an
North Western stock is now quoted 981
to 98/ ; Great Western, 881 to 681; Midland,
94 to 93f, being steady ; Lancashire and
Yorkshire, NI to 941; and Great Northern, 24/ to
25 per share.
Grand Trunk of Canada shame are lower. Indian
descriptions exhibit dulneas. In foreign railway
shares leas business is going forward.

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MONEY MARKET-THIS DAY

Two o'CLool.

The funds to-day are flatter. At one period a
reduction of about I per cent was shown. Present
quotations are i'l to I per cent. lower than
at 4 o'clock yesterday. The other markets are
weaker.

Consols for money have been marked 931 to 941;
and for account (4th Feb.) 941 to 961 ez div. The
present quotations are 94; for cash, and 93
for the February account. The Three per Cents.
Reduced have been dealt in at 941 to 941; the New
Three per Cents., at 94} to 96/ ; Bank Stock, at
220; and Exchequer Bills, at 9s. to 12s. prem.
Turkish Six per Cents. are steady at 98; to 991.
Other foreign stocks are very quiet, with no im-
portant change in price. Sales are recorded as fol-
lows :—Buena Ayres Bonds, at 94 ; Chilian
Six per Cents., at 102 ; Dutch Four per Cent. Cer-
tificates, at 99 ; Peruvian Four-and-a-Half per
Cent. Dollar Bonds, at 56 ; Sardinian Five per
Cents., at 88 ; ditto, for account, at
87; to 88 ; the Spanish Coupon Certificates,
at ; Turkish Six per Cents., for account,
(16th Jan.); at 98; to 981; ditto Guaranteed Four
per Cents., at 1031 ; and Venezuela Active Bonds, at
31.

We are requested to state that there has never
been any foundation whatever for the rumour of a
proposed purchase of the business of the Globe In-
surance Office by the London Assurance Corporation.
It is believed that, as soon as the drain consequent
upon the dividend payments shall have been met, the
position of the Bank will be still sufficiently strong to
warrant a reduction of the rate to five per cent. The
action of the Bank of England, however, is of minor
importance, since the rates current for good bills in
the open market are already as low ma 5 to 58 per
cent. In exceptional cases transactions take place
even below 5 per cent. At the Bank of England
and in the discount market the demand yesterday was
only moderate. The general supply of money con-
tinues far in excess of the means of employment
for it.

In consequence of the movement by the Bank of
England, the joint stock banks have altered their
rates of allowance on deposits. Some allow more
than ethers. The London and Westminster Bank
will in future give 4 per cent. on all deposits, old
and new, except for sums below 6001., on which
only 3 per cent. will be allowed. The London Joint
Stock Bank give 4 per cent. on all deposits. The
Union Bank of London, Commercial Bank, and City
Bank give 5 per cent. on all deposits. The rate of
the Bank of London remains at 6 per cent. Finally,
the London and County Bank will take in no fresh
deposits above 4 per cent., but allow 6 per cent. on
existing contracts.

The rate allowed by Messrs. Overend, Gurney,
and Co. is 4i per cent. for deposits, whether on call,
or subject to a few days' notice. Their previous
rates were 6f per cent. in the former and 61 per
cent. in the latter cue.

The amount of gold purehaaed by the Bank of
England yesterday was about 90,0001.

According to some of the letters from Paris, it is
not improbable that the rate of discount of the Bank
of France may be shortly reduced from 6 to 4f per
cent.

A large amount of business was again done yester-
day in the produce market. Sugar is comparatively
dull, being pressed formic by importers; but tea has
again advanced, and saltpetre sold at an improve-
ment of fully ls. per cwt. Coffee, rice, and cotton
were all very firm. Tallow, as well as Scotch pig
iron, have advanced.
The death is announced of Mr. John Henderson,
of the late firm of Fox and Henderson.

We understand that a call of 41. 18s. (making with
the deposit 61. paid) is upon the point of being an-
nonneed on the shares of the Eastern Bengal Rail-
way Company. It will be payable as follows, viz.,
21.85. per share on the 31st March, and 21. 10s. on
the 31st May.
The weekly traffic return of the North Eastern
Railway Company presents a decrease of 1,7461. ;
that of the Lancashire and Yorkshire a decrease of
4,0471. • and that of the Manchester, Sheffield, and
Lincolnshire a decrease of 1,0471. The variation of
2,6871. shown in the Great Northern return is an
increase and not a decrease, as stated yesterday.
This would be obvious from the official figures,
which were given in another column of the same
impression.
The position of the market for American securities
is thus noticed by Messrs. 1). Bell, Son, and Co.:

During the past week nothing panicaim has occurred fit
the market for American securities. There has beets a steady
demand for all State decks, with some inquiry for the lead-
ing railroad bonds and shares.

The Emigration Commissioners have engaged the
ship Herald of the Morning, to convey pas-
sengers from Liverpool for Sydney, at the rate of
141. 7s. ld. per head.
The mail steamer Celt arrived at the Cape of
Good Hope in November, from Plymouth; also the
following transport steamers, viz. :—On the 3rd
Nov., the Italian, from Cork; on the 6th, the Her-
sills, from Portsmouth ; on the 7th, the Hydaspes,
from Woolwich ; on the 16th, the Ireland, from
Portsmouth ; on the 26th, the Calcutta, from Cork ;
and on the 28th Nov., the Southampton, from
Gravesend. Within a few days after arrival, each
vessel sailed again for India. Adrian. have also
been received of the arrival of the troopships Blen-
heim and Lightning at Calcutta.

THURSDAY iTINDRI.

The reduction in the Bank rate had been gene-
rally anticipated, and, consequently, exercised no
important influence upon the stock markets, the
variations of which were principally caused by the
chequered :news from India. The fonds opened
with flatness, owing to the intelligence of the death
of the gallant and lamented Havelock, and to the
renewed evidence afforded by the present advice,
that the task of crushing the mutiny in India is as
yet far from completed. A demand for stock for the
pending settlement in Consols, however, occasioned
rise of f per tent. A relapse subsequently ensued,
but the closing quotations were equal to the
advanced rates which were established at 4 o'clock
yesterday. The rate of " continuation "on Consols
to the February settlement declined in the morning
to 3-16 per cent, or equal to only 2$ per cent.
per annum. So low a rate bringing forward a few
borrowers of money on stock, the quotation at the
close was rather stiffer, at 3-16 to 3 per cent. The
final quotation for loans on Consols until the 4th of
February may be considered 3to 3$ per cent. The
abundance of money and comparative scarcity of
stock here indicated are caused chiefly by the large
withdrawals of stock by the Bank of England and
by other bankers, who sold or borrowed money upon
it during the recent monetary pressure. We have
repeatedly pointed to the probability of these large
masses of stock being withdrawn from the Stock
Exchange with returning ease in the money market.

Most of the other departments of the Stock Ex-
change were weaker this afternoon, owing to specu-
lative realisations. After the recognised hours,
Indian railway shares of most descriptions were
offered at lower prices.
Consols, which were quoted at the claw of the
Stock Exchange yesterday 941 to k ex div., for to-
morrow's settlement, opened this morning at 941
to t, advanced to 93 " buyers," and closed at 941
toil. For the 4th of February the last price was
93, " buyers." The official business report is as
follows:—Thres per Cent. Consols, for money, 941,
93, 941 ex div.; ditto, for sot-oust (Bth January),
941, 03.941, 941, ex div. ; These per Oents. Reduced,
94 93k ,• Now Three per Cents., 93k, 93, 93!,
931, 93; Bank Stook, 218, 220.