The Express.
London, England, 1857-10-17 00:00:00

Oct 14 MIL

The feeling of anxiety in the money market is gra-
dually subsiding, and the market, though still very
tight, is acquiring a more settled appearance. The
supply of money in most quarters continues good,
bat the rate* exacted are still rather above those of
the Bank, and the applications at that establishment
to-day were heavy. This is scarcely surprising,
considering the magnitude of the repayment, falling
due at the Bank this week, on the release of the
dividends. The Bank's reserve, which would other-
wise have fallen very low, is thus maintained at a
good amount, but the rapidity with which the mass
of dividend money is absorbed indicates that the
stringency of the market will probably be prolonged.
The funds to-day exhibited increased buoyancy,
owing partly to the somewhat more settled appear-
ance of the money market, but principally to the
extensive investments of the public. In consequence
solely of these the difference between the quotation of
Consols for money and that for the 10th of November
is reduced, at the beginning of the account, to f per
cent., and the value of money in the Stock Exchange
fell today to sto 5f per cent., for short loans on
government securities. The funds opened quietly
this morning, then experienced a steady rise of 1 per
cent., and, after receding I per cent., upon a false
report that the Arid had arrived from New York,
closed steadily at rates which present a rise of about
per cent. since yesterday afternoon. Nearly all
the other departments of the Stock Exchange were
likewise better, including Canadian, Indian, and
English railway shares, many descriptions of which
meet with a good bond foie demand.
Consols, which were quoted at 4 o'clock yes-
terday 881, " buyers " for the 10th Nov., opened this
morning at 881 to 1, rose steadily to 88; to 89, re-
ceded to ass to I, and stood at 4 o'clock at exactly
88/, or 88 11-16 to 13-18. At the same hour the
price for money was 881. After the close of
the Stock Exchange the market was firm
at 881 to 1 for November. The official bud-
new report is as follows :—Three per Cent.
Consols, for money, 88, 13c7e1 881, 881, 881;
ditto, for account (10th Nov. , 881, 881, 89, 881,
o 881; Three per Cent. Redu 87, 871, 861, 871,
871 ex div.; New Three per Cents., 871, 87, 871,
87 ex div. ; Long Annuities, expiring in January,
1 , 2 1-16 ; Thirty Years' Annuities, April, 180,
17 5-16 ; Bank Stock, 213, 211, 213 ex div. ;
India Stock, 210, 209 ; India Bonds, 30s. discount.
Exchequer Bills advanced Is. to 25., closing at Ss.
to 4s. dim.; India Bonds remain very heavy.
Turkish Six per Cents. were in increased request
to-day, and rose about 1 per cent., being quoted at 4
o'clock 871 to 88 ex div. for the 30th inst. After
that hour the quotation was 87; to 88f. The Guar-
anteed Four per Cents. have improved to on to 98.
Other foreign securities were generally well sup-
ported.
Bank shares to-day were quiet. Bank of Egypt
have declined to 5 to 4 discount. Those of the
English, Scottish, and Australian [Chartered Bank
were inquired for. The shares of the London and
National Discount Companies were in demand and
better, especially the former. London General
Omnibus were firm, at 3 13-16 to 15-16, high rates
being offered for the loan of these shares to complete
the settlement. East and West India Dock stock
was officially marked 110; and London Dock, 104.
The shares of the New York and Erie and Illinois
Central Railway Companies were in demand to-day.
The latter closed at 4 to 3 die.
Canadian Government Six per Cents. were in de-
mand to-day, and recovered about 1 per cent

MINES.-THIS DAY.

Two o'CLoot.

The market for home mining stocks to-day hail
been steady, with a moderate amount of business.
Wheel Edward shares are inquired for, and are
marked in the Stock Exchange 91. Alfred Consols
have been dealt in at 131 to 131 ex div.; Par Con-
tots at 191 ; and Bortridge Consols at 21.
The transactions in foreign descriptions have
been more numerous, but have led to little change
in price. St. John del Rey shares have been dealt
in at 131 to 131; Cobra, at 44 ; General Mining
(Nova Scotia) at 181 ; and Linares, at 81.
Subjoined is the official list of transactions in
the Mining Exchange yesterday, vie.:
East Russell, 385., 39.; Lady Bertha, 23e. 6d., no. 61,
235., Ne., 251. ; North Frances, 14, 131, ; North Veiny-
-81.; Bortridge Consols, 21, 2s. 6d., 3m., 21 ; Wheal Ed-
ward, 9 i Wheal Mary Ann, 4714 48, 481.
Foreign and colonial mining shares were quiet.
Subjoined is our usual report of the metal market:
Copper .--The price of this metal remains unchanged, and
notanthatanding the stringency of the money market, the
demand continued good. Iron is well maintained generally,
but it is feared there may be some reduction in privy, unless
the American orders increase again after the money crisis is
over. The raising of the Bank rate here, and the mercantile
difficulties in Glasgow, have &woad the price of pig iron down
to 60s. cash ; yesterday, however, it improved, and closed
at 63a. per ton (mixed numbers good brands, free on board
at Glasgow). Lead is dull and inactive. Speller and tin sea
also inactive.
A special general meeting of the Mount Carbon Mining
Company is called for the 26th inst., "to consider the finan-
cial and gentrel position of the company," and the propriety
of making a fresh issue of preferential bonds to the amount
of 15,0001., and mortgaging the Company's property in
America.

FRIDAY Evuwewo.
The home mining stock market today was firm,
and although the settlement interfered partially
with business, a fair number of transactions took
place in the afternoon. Shares in Wheal Grenville,
Wheel Uny, Wheal Edward, Lady Bertha, Sort.
ridge Consols, and North Frances were in fair re-
quest. The chief alteration in prise was in East
Basset shares, which fell nearly 201. per
Bshare,
being offered at the close at 1001. orth asset,
Providence, Par Consols, and Wheal Kitty (Lelant)
shares were also rather flatter. The following
transactions are reported to us from the Stock Ex-
change, in addition to those comprised in the official
list, viz. :—Providence Mines, at 70 and 72; East
Basset, at 100; Wheal Uny, at 6; Wheal Edward,
at to fli • Lady Bertha, at 23e. and 245. ; Wheal
Kitty (Lelant), at 21; Par Consols, at 101 ; Wheal
Grenville, at 2 ; and Scrtridge Consols, at 21 to 2,1,.

BOOTH EASTERN RAILWAY. —We hear that two
meetings have beat held by the directors of this company
with those of the Pest Kent ter the purposed bringing shoat
some sort of amalgatnatkes.—Heraperh.
THE &max PLOll6ll.—At the Royal Bucks
meeting Mr. Smith, of Wolston, described what he had
done yeah hie steam plough since harvest. Being deter-
mined to make the best of the line weather, he sent his
engine end two additional men into his fields, to give •
relay of wee to the plough. In six days and a half tla y
ploughed 44 acres, an average of 'even an a ckty. The
oust of the work was as follows :—Bight men, at 3s. 6d.
day. W. 3s. ; our boy, at le. ed. a day. 9.. 91. ; 68 cwt. of
coal, at le., 31. 8•.; oil, Sis.; wear and tear, la. M. per
sere, 31. 6a. ; total cost, 161. fie fid. or 7s. 6d. r acre,
"Now, I challenge the woold,' stud Mr. Smith, "to produce
the same amount of work in the same time by heroes and the
tureenr plough at double the cost, end oleo to produce work
equal to it at all.
PROTESTANTISY IN HERTS.—A correspondent
giles tie the following account of the church built by Daniel
O'Connell's Prok,ge:—.' We are happy to hoar AM t
ie
church built by the late Mr. Raphael. M.P., at St. Athens
and intend. d by him for • Rornan Catholio Church, at •
WA of more than 6,0001., lam fallen by his death into bettor
bands. An excellent lady, Mrs. Worley, residing at New
Barns, of ample fortune, • mist determined supporter of
the orthodox protestant church. has purchmed it at shout
one-third the original coat, and is now debug op the interior
at an expense of 2.0001.. with a miasma for the cBciatins
clergyman Rho. She will endow it eat preeent it to Sas
Alben'e as • chapel of atee.—" Western Tie