The Express.
London, England, 1859-11-29 00:00:00

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MONEY MARKET.-THIS DAY.

Two o'CLoow.

The funds are still creeping upwards. A fresh
improvement of nearly 1 per cent. hss taken place.
Boca fide purchases predominate, and the general
character of the foreign intelligence is more fa-
vourably regarded. The principal feature, how-
ever, is the increased buoyancy of British railway
stooks, nearly all descriptions of which have expe-
rienced • further decided rise. Indian railway
shares participate in the improvement. The share
and foreign stock settlement occupies attention.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rents were quoted
70fr. 36c., shdwing a further rise of 1 per cent.
The New Indian Loan exhibits a trash rise of 1
per oent., being quoted 1041 to 1061.
Consols are officially marked 96! and 1 for
money, and 981 and 1 for the account. The present
quotations are 961, " buyers," for money, and 96* to 1
for the 6th Dec. Bank Stock has been dealt in at
228, 227, and 228; the Three per Cents. Reduced,
at Dab 95, 951, and 951; the New Three per
Cents., at 95/, 95, 951, 951, and 951 ;
India Stock, at 228 and 226 the New
Indian Loan, at 1041 and 105 ; the Four
per Cent. Debentures of 1868, at 961 and 4 ; ditto
1869, at 961 and 4 ; and Exchequer Bills, at 265.
to 29e. prem.
The foreign stock market remains vary qaiet, bat
firm. Turkish stocks have improved about 4 per
cent, the loan of 1864 being quoted 76* to
774, and that of 1868, 661 to 661. The New Rus-
sian Loan is also better, being last marked 1
dia. Sales are recorded as follows :—Brazilian
Four-and-a-Half per Cents., 1858, 964,j 96* ;
Dutch Twirand-a-Half per Cents., 66 (exchange
126.); Rnaaian Four-and-a-Half per Cents., 991;
ditto Three per Cents„ 1969, 851, 651;
ditto scrip, 1, 1 dia. ; Sardinian Five
par Cents., 871 ; Spanish Three par Cents.,
4411 Turkish Six per Cents., 1864, 771; ditto for
account, 771; ditto Biz per Cents., 1868, 661, 661;
ditto Guaranteed Four per Cents., 1031.

The shared of the Ocean Marine Insurance Com-
pany are quoted 11 to 11 prem.
The arrival is announced of the Red Jacket, from
Melbourne, with 169,0001. in gold.
The amount of Long Annuities which absolutely
expire upon the payment of the dividend in January
next is rather over one million sterling. At 31 par
east. this would suffice to meet the charge
of a loan of upwards of thirty millions
sterling. On the 10th ult. Annuities to the
amount of 318,3181. expired. If, therefore, England
were to raise next year loans to the extent of forty
millions, the charge of the national debt would be no
larger than it has been this year.
The demand for money at the Bank and in Lom-
bard-street was moderate. The best bills are nego-
tiable at 21 per cent. In the Stock Exchange short
loans on British Government securities still oonimand
2 per cent. . .. .

The Rost Indian Railway Company's debenture
loan of 1,600,0001. is now fully subscribed for.

. . .
There were no transactions in bullion at the Bank
yesterday. The America and Bavaria have arrived
from the United States with 40,0001. in specie for
England. Of the 20,0001. by the latter vessel,
16,0001. is in gold, which has been taken for abroad,
and 6,0001. in Mexican dollars.

The demand for Mexican dollars on French Ni-
cosia has diminished. It is stated that the French
government have recently purchased here and on the
Continent ss much as 250,0001. in this coin, for ex-
portation to China. Similar transactions on account
of the British government have been carried on for
some little time, and perhaps have not yet been
completed. _ _ - - -

Advice* from Bt. Petersburg state that gold and
silver had almost entirely vanished from sight, in
consequence of one of those arbitrary enactments
which occasionally make their appearance, to the
discomfiture of the hopes generally indulged in that
the government was really beginning to act
upon correct principles of finahce. The Minister
of Finance has enjoined the money changers under
severe penalties, not to sell the precious metals at a
higher agio than 4 per cent. The premium on gold
having been previously 94 percent., that on silver
64, and that on copper coin 2 per cent., the absurd
character of the prohibition is obvious. It is fur-
ther reported that the same functionary has, in a
sense, implicated the government in the pending
reckless tallow speculation in Russia, by directing
the commercial directors of the Bank to advance to
M. Ryjenkoff, the agent of the association of tallow
speculators, a sum of 700,000 silver roubles, or
say 100,0001. sterling, at 5 per cent. interest, upon
security of the tallow warehoused, and factitiously
held back from western consumption. These arbi-
trary and benighted sots of interference with mone-
tary and commercial transactions can have bat one
result—that of indefinitely delaying the repairs so
much needed by the Russian financial system.
The fall established in the speculative quotation
for tallow since last Monday amounts to fully 30s.
per ton. It would appear that some of the smaller
speculators, who bad followed the lead of the great
Moscow association, are now realising. A Mlle-
spondent interested in the market sends us the fol-
lowing :
_ . . . • _

Since Tuesday last the market hes been in a very depressed
state, with prioes steadily declining. It is now a matter of
so mach difficulty to find parties willing to hold, that say-
thing offering for sale ma only be disposed of at a reduction
from the current quotations. The Russian speculators nee
still holding, but as there lea very large quantity oat of their
bends available for consumption, and large supplies frees all
other places are expected to arrive, the general tendency of
the market must be to fell. There may be some slight fluc-
tuations in the next few weeks, but it is confidently expected
to tall to 60s. or lower within a month or two. The delivery
last week (including oonsignments to Liverpool, &0., to fled
a market) was 2,388 clic against 2,215 in 1868; 2.909 In
1867 ; and 2.063 in 1856. The stock is now 60,417 cks.
agalnot 25,107 in 1868; 38,682 in 1867; end 16,931 in 1866.
In Mark-lane yesterday English wheat sold slowly
at a reduction of Is. per quarter from last Monday's
rates.

Two small bags of gold and some sovereigns were
recovered on Saturday and Sunday from the wreck
of the Royal Charter.
It appears that the Peninsular and Oriental Com-
pany's steamer Canton had discharged her cargo
from Hong Kong when wrecked off Macao.
The following is a translation of a characteristic
reply given in Constantinople by the telegraphic
authorities to a complaint of delay in the despatoh of
a message thence to London :—" The despatch in
question having reached London in five days from
the period of its transmission—consequently sooner
than if it had been sent by post—you are not war-
ranted in demanding any restitution of the payment
for forwarding it."

Yesterday Wu " making-np" day in the market for
British railway stocks. The rates of " continuation"
remain generally moderate. In the morning they
ruled as follows:

Loudon sad North Wllll6llll 3-16 to 6.16 per omit. " con-
taltio."
Gr,t IFootora l-16 to 3.16 per oast. do.

Midland i to i per ord. do.
Lancashire and Yorkshire
Berwick 3-16 to 6.16 per cont. do.
York and North Midland
Caledonian
Youth &earn to per Dent. do.
North British

In the afternoon, in some inCanoes the rates were
a trifle higher, chiefly as regards Lancashire and
Yorkshire, South Eastern and North British. The
market generally appears to be sound in charac-
ter, and yesterday there was a decided increase of
buoyancy, especially in South Eastern stock. The
amount of business is still limited, but the increuis
in truffle and the prospect of satisfactory rates of
dividend continue to exercise a stimulating influence.
In the absence of baul Ade sellers, purchases of only
moderate amount have a marked effect. For exam-
ple, the transactions in Berwick stock sines the

last aettlemett have been small, yet the price has
risen in the interval 2i per out.
The ■hares in the ludas Steam Flotilla are now
fully paid up. The calla have been very rapid,
amounting to 161. par share during the present year.
This may be accepted sa evidence of progress. The
shareholders are now looking forward hopefully to
an early solution of the interesting questions con-
nected with the navigation of the Indus, respecting
which many of them are very sanguine.
The Brighton Railway traffic return shows thin
week as increase of 2,1631.

The weekly traffic return of the Great Western
Railway of Canada, pat roomed, 'howl an intros*
of 6661. sterling.
Notice is given that new coupon sheets will be
delivered to toe holders of Belgian Two-and-'Half
per Cent. Rentes in the first half of next year.

MONDAY Rrairuge.

Console, which closed on Saturday at 981 for
the Bth Dee., opened this morning at 981 to I,
touched 98/, " buyers," and cloeed at 981, " sellers,*
or 98 7-18 to 9-18. For money the last price was
961 to $. Tile official busintos report is as follows :
—Three per Coot. Consols, for money, 961, t, t;
ditto, for account (Bth Dee.), 98/, 981; Three per
Cents. Rtduced, 96, 941, 951; New Three per Cents.,
96, 94/, 951 ; Bank Stock, 228 ; India Stock, 228;
the Sew Indian Five per Cent. Loan, 1041, 1041,
104/, 10411 the Indian Four per Cont. Debentures,
1868, 98/ ; ditto, 1869, 981, 965; India Bonds, 2s.
to 3a. prem.

The New Indian Five per Cent. Loan has attained
a fresh rise of t to 1 per cent., closing at 1041
to 105.

Exchequer Bills remain quoted at 275. to 30s.
prem. The Indian Four per Cent. Debentures are
also steady. . . .

The foreign stock market was quiet. The Old
Turkish Six per Cents. were steady, at 74 to 77,
and the Loan of 1868 at 66j to 88. Mexican Ronda
improved in the afternoon to 221 to 1. The Rus-
sian Loan was more inquired for. Spanish Bonds
were also firmer. Other foreign stooks were quiet.

MINIM-THIS DAY.

Two o'CLocir.

A good business continues to be transacted in
British mining shares, at firm prices. The bargains
officially marked in the Stock Exchange comprise,
North Downs, at 6 ; Providence, at 461 ; and West
Caradon, at 164 Business has also taken place
in Lelant Console, Stray Park, North Balkier, Pen-
hanger, Sortridge Consols, and Great Crinnis.
St. John del Rey Mining shares continue in de-
mand, and have been dealt in at 161 and 17. Eng-
lish and Australian Copper are marked 11.
An advance of id. per lb. has taken place in the
price of manufactured copper. The present prices
are reported by Messrs. Sims, Willyarns, Nevill,
Draoe, and Co., as follows : Manufactured, 121 d. per
lb.; tough cake and tile, 112!. per ton; yellow metal
sheathing and bolts, 100. per lb.
At a meeting of adventurers In Clyjah sad Wentworth
Woes, held on the 2tet inst., a call of 6s. per share was made.
Telegrams report an Improvement la South Wheal
Frances._

-Prom Kelly Bray Mine Noted& Nee Immo writes (Nov.
16) The Mopes in the but of the 66 west ere worth 141.
per Whom. The lode In the 66 asat is yielding large Moms
of ore, and likely to improve. TM lode 1n the 45 met is 2}
feet wide, worth 151. per fathom. Masters Mine—The lode
in the 40 rest is 2} feet wide, activated of sooner, parte,
and stones of ore."