The Express.
London, England, 1861-01-03 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'CLoca.

There are few movements of interest in the
stock market to-day. Generally, firmness pre-
vails. The funds, though very quiet, are well sup-
ported at yesterday's prices. A rise has occurred
in Great Northern and Midland railway stocks.
There is also a slight revival of inquiry for the
securities of the Grand Trunk Railway of Canada.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentes were quoted
67fr. 45c., being Sc. better than yesterday.
Consols are officially marked 924 and
ex div., for the account (Jan. 10). The present
quotation is 923 to 4. The official business
report is as follows :—Bank Stock, 233 ; Three per
Ceata. Roluoed. 924, 3 ; New Three per Cents.,
924, ; India stock, fOr account, 2194 ; ditto Five
per Cent. 1860, for account, 1014, ex div. ; ditto
Bonds, 10s., os. dia. ; Exchequer Bills, 35 , 45.,
ls. dis., par.
There is still little business in foreign stocks, and
scarcely any change has occurred in prices. The
Turkish Loan of 1864 is quoted 704 to 714, and
that of 1858, 564 to 574. Sales are recorded as
follows : —Dutch Four per Cent. Certificates,
100 ; Mexican Three per Cents., for amount,
211 ; Portuguese Three per Cents., - 1853,
464, ex div. ; Russian Five per -IDents,
1054 ; ditto Four-and-a-Half per Cents-..; 921,
93, ex div. ; Turkish Six per Cents., 1854, for
account, 701, 71 ; ditto Six per Ceuta., 1868, for
account, 57, 564 ; ditto 1001. bonds, 571.
It is of some importance to remember that a con-
siderable pressure will be put upon France, as well
as upon ourselves, by the crisis in America. That
country is one of the best customers that France
possesses. During the last few weeks the American
orders for French manufactures and other goods
have rapidly slackened. They have now virtually
ceased, and many previously given have been
countermanded. America is the better able to
dispense with any further supply, during her ex-
isting embarrassments, because many of the
articles which she is in the habit of IM-
porting from France are of a luxurious
character. The position will therefore be that
France must go on importing from America the
raw materials of manufacture, as well as bread-
stuffs, which she cannot do without,whilat America
declines for the present to take her goods in return.
This is a state of things which deserves the serious
attention of the Directors of the Bank of France, as
it constitutes an additional element of difficulty for
them.

Much activity continues to prevail in the dis-
count market, the amount of bills which fall due
in the first week in January being large.
The Piedniontese home Five and Three per Cents.
were yesterday placed on the Stock Exchange
official list. The former were dealt in at 77} and
77k, ex div., with the exchange fixed at 25fr.
The 474,0001. in Australian gold by the Great
Britain reached London yesterday, and about
56,0001. was sent into the Bank. A portion has
been sold ; but its destination remains to be deter-
mined.

The Edinburgh, which left Liverpool yesterday
for New York, took 106,000/. in specie.
The steamer Pere, which will leave to-morrow,
will take 154,3761. in specie, of which 8,1681. is
gold and the rest silver. Subjoined are the parti-
culars, viz.:—For Calcutta, silver, 73,4901., and
gold, 651. ; Shangbae, silver, 67,883. ; Hong Kong,
'silver, 4,7351. ; Madras, gold, 7,103/. ; Singapore,
gold, 1,0001. ; and for Malta, silver, 1001.

At St. Petersburg the exchange has recovered to
35 15-16 d. It was lately quoted 3511
Messrs. William Surridge and Son, provision
meeoliants, of West Smithfield, have stopped pay-
ment, with liabilities estimated at 30,0001. or
40,000/. It is thought in some quarters that the
liquidation will not be very unfavourable.
A meeting was held yesterday of the creditors of
Mr. John Hades timber and slate merchant, of
Millwall. The Fades,
prepared by Messrs.
Harding, Paola and Co., the accountants, esti-
mates the liabilities at 17,281 t, and the assets at
6,6751., showing about 7s. &l. in the pound. It
was mentioned that Mr. Hades has been insolvent
about two years, and that his books have been
badly kept. Owing to the latter circumstance, no
statement accounting for the deficiency could be
presented. An opinion was expressed, however,
that Mr. Hades has not been aware of his real
position. The stock in trade, plant, tkc., form the
principal asset, being valued at 4,3081. Consider-
able discussion took place with reference to the
bad debts (9,3641.), which have been spread over a
number of years, and are partly due from firms
that have been gasetted as bankrupts. The pawn-
ing of stock by the insolvent was also referred to,
and the necessity of an investigation by a com-
mittee was urged. It was ultimately agreed, how-
ever, to accept a composition of 6s. Bd. in the
pound, secured, payable in instalments extending
over six months.

The accounts from New York refer to a feature
which is not without encouragement to the holders
of American securities here. It appears that there
is a decided scarcity of many kinds of stock for im-
mediate delivery—so much so that the execution of
some of the English orders to buy has been at-
tended with considerable difficulty. Purchases in
some instances can be effected more cheaply for de-
livery sixty days hence than for cash. This circum-
stance denotes that the present depressed position
of American securities is in no small degree the
resu:t of speculations for the falL
The London and North Western Railway traffic
return shows this week a decrease of 8,0111. ; the
Great Western an increase of 4801. ; the Great
Northern an increase of 2,1161. ; and the London
and South Western an increase of 5631.

The traffic receipts of the Great Western Railway
of Canada for the week ending Dec. 14 were 8,356/.
sterling, being 9921. more than in the correspond-
ing week of last year.
Scottish Australian Investment stock, which has
risen 6 or 7 per cent, during the last month, is firm
at 136 to 141, being scarce in the market.

WICDNISDLY Emma.
Consols, which closed yesterday at 92it to es
div., for the 10th January, opened and closed to-
day at the same quotation. The official business
report is as follows :—Three per Cent. Consols, for
account (Jan. 10), 924, j, ex div. ; Three per Cents.
Reduced, 92, I ; New Three per Cents., 92f ;
Thirty Years Annuities, expiring in April, 1885,
181, India Four per &at. Debentures, 1858, 96 ;
ditto, 1859, 96 ; ditto Five per Cent. Stock, 1869,
for amount, 1014, 4, ex dm. • ditto Bonds, 98.,
64. ; Five per Cent. " enfe:ced" rupee
944, 95 ; ditto Five-and-a-Half per Cent., 1813 ,
fer
The Indian Five per Cent. rupee paper was
quoted 94 to 96 ; the Five-and-a-Half per Cent.,
100 to 101 ; India Bonds, 9s. to 6s. die. ; and Ri.
chequer Bills, Ss. die. to par.
Not much business was done in foreign stocks.
The Turkish Loan of 1864 closed at 70.1 to 71, and
that of 1858 at Hi to 57. Spanish bonds were firm.

There was no variation of moment in the market
for Bank shares. Those of the English, Scottish,
and Australian Chartered Bank met with some in-
quiries. As regards miscellaneous stocks, there
was a slight improvement in Electric Telegraph.
The closing quotations for shares in new under-
takings to-day were as follow :--Ocean Marine In-
surance, 32 to 4 prem. ; Thames and Mersey
Marine, 1 3-16 to 5-16 prem. ; Universa! Marine In-
surance, 1) to 11 prem. ; London and Pro-
vincial Marine, par ; East India Irrigation, 3-16 to
1-16 dis. ; Bat India and London Shipping, to
preen.; and Great Kanawha, to prem.

We 54

Dorr.—Wheat,

Oat; aye, Basin, and Paw Is.

Eirazara aura isoLD Lin 70.203; barley.
al.ar ; ode, 18,474 17e. ; beaus. 2.816 peak 969 quarters.
MAIM MOWING 796 11.otTOAT7oilt a SKR AVISLAGI PRICE