The Express.
London, England, 1857-01-03 00:00:00

MONEY MARKET.-THIS DAY

Two o'CLocr.

The rands are still rather flat. After declining
per cent., prices have recovered to the closing quo-
tations of yesterday. Consols have been sold u low
as 931, and are now quoted 94 1-16th to I ex div.,
for the Bth of January. For the 6th of February
the price is eli to I. The Three per Cents.
Reduced have been dealt in at 94 to
_ _

; the New Three per Cents., Oil to ; Bank Stock at
218 ; Exchequer Bills at par to 4s. prem. ; and India
Bonds at 2s. dis. to ls. prem.
Turkish Six per Cents. have declined to 95 to 1,
on rumours of a new Turkish loan. The
Guaranteed Four per Cents. are quoted 103/
to 1. Other foreign stocks are inactive.
The sales include : Brazilian Old Five per
Cents. (small Bonds), at 1001 ; Mexican, for the
lath Jan, at 21/; Portuguese Three per Cents.,
1863, at 44 ex div. ; Russian Four-and-a-Half per
Cents. at 98/ ex div. ; ditto (small bonds) at 97 ex
div. ; Sardinian, for the account, at 89; and Spanish
Deferred Three per Cents. at 23/.
_ _ _

The requirements of the Stock Exchange will bo
increased next week by the settlement in Consols;
but the dividends will be payable to the public on
Thursday next, and will materially ease the market.
The steamer Sultan has brought in 37,1361. in
specie from the Penis:ado.
The 13,6001. in gold brought by the Atlantic, from
Nur York, was in hand yesterday, and was purchased
far tranamiadou to the Continent.
It is now understood that the shipments of
specie and bullion by the Colombo, to-morrow, will
net exceed about 430,0001. In consequence of the
firmness of the Indian exchanges, considerable orders
for silver for that quarter were expected; but this
anticipation has been only partially realised. The
market for silver to-day was consequently rather fiat.
The foreign exchanges yesterday afternoonpresented
scarcely any alteration. The rates on Pans remain
almost the same as on Tuesday, but the tendency
was rather lat. Bills on Hamburg were also in-
quired hr. 13:0 operations were to only a limited
extent. Tha same rates are subjoined:
Amairkm, Ores mulls, 11.17, ; ditto, art, 11.13.
14 ; Redmilsm, Ores maths, 11174, sad
Surds. Mess main MAO, ; these
muthsg"l.4‘ Paels,anstater
agrareetere: ,
a=lihMsn-11141sine, dine andles, 1114, ;
7.:="141/14,117".2g,
0, Owe mall* 14.724, ; laattami. throe
16.11 ; Pskerses, Mies incses, 1554, 114 ;
llosio,hooo meths MI, ; °Farb', three assalks,
511, I ; Liam, hoes snubs, 61, 1.
The am imarlost yesterday was quiet, at last Mon-
day's rates. The arrivals of foreign grain in Lon-
don this week have been small. During the last
eight days not a single cargo of grain from the
south of Europe hes arrived at port of call. Several
cargoes of Weiss and Galata maize on passage
have been sold at 375. to 38s. There are now
buyers at 385., but no sellers. The quantity of this
gram now on the way is small.
The prospectus of the "Dude Railway Company"
has been during the last two or three days before
the public. It appears that another association,
bearing the title of the " Oude Central Railway
Company," is also on the //pia, and in communica-
tion with the Indian authorities with a view to ob-

taro a guarantee. It would seem a natural arrange-
ment that the two companies should be fused into

ODe.
Further correspondence has been published
touching the question in dispute between
the Great Northern Railway Company. and the
Stock Exchange. The Company having con-
sented to register certain transfers, which, as the
Committee learnt from evidence, had previously
beenrefused, the resolution ordering the securities of
the Great Northern Railway Company to be strack
off the official list of the Stock Exchange his this
day been discharged. This resolution, it will be re-
membered, awaited confirmation.
The Australian advioes mention that the govern-
ment of New South Wales had pulled an act to
enable " the Governor, with the advice of the Execu-
tive Council, from time to time to raise, by the sales
of debentures, secured upon the consolidated revenue
fund of the colony, and bearing interest at a rate
not exceeding 5 per cent. per annum, such sum or
sums of money, not exceeding 200,0001., as may be
required for carrying on of railway works." Perhaps
a portion of these new securities may come on the
London market.
At the half-yearly meeting of the London Dock
Company yesterday, a dividend of 24 per cent. for
the half-year, less the income tax, was declared, and
the directors' report adopted.
A special general meting of the proprietors of the
Union Bank at Amtrak' is called for the 19th inst.,
when a &Abed be be declared. _ _ _

Isieniacieiiizt the General Steens
:sett
ot
two Lectomis kir the 23rd inst., far

—Relative ar the market American miurities,
Mr. E. F. lieltaithwaite reports as fellows:

Tbo imodot la Loam fret lamb= ralkod ....111.boo looa_golls SM. sad caubbeobb tmoselloon Imo bairn
pion. The aid et the mamba by dr Now Tisk Dontrol
ma Mlibloa Osood Omposilo eta tinder
can k
bilk
Yole n In bothoom=obzoZ
irbBlB6BB kid
bilk ed bad
Buires wWm isms laths flamer .t 85 to 87, wad tb;
War al 91 Is 92.

The return of the Bank of England for the week
main Saturday, Dcc 27, when respired with the
prudent sham, shows the following malts:
Ohadollia inso
allidadas motive
Publlsopelle
Odor bras AMP lames. UMW
011.1=110 siterfths in
bieliesemlimakt
01=101f96 la bridal;
18,962,166 Inman 1,807,695
Oda sod Who la both
deportosets
8•••• lay mad odor bills, 771,639 Deat•llo 60,603
The Rest
Nabs is reserve ....

The subjoined exhibits the extent of the week's
variations at one view :
Publis deposi
Other
Noise =ta
is chruktioa :
immerse 9
432
Brat berms 13,120
.

Oaths other iide of thew:moat: .
Oerentsmetesettritlee boners
Other okearidet heater
Cola mad % b

£330,317
1,307,66
it 1,618,012

Total £1,636,012

These changes are important, and go far towards
explaining the more stringent appearance of the
money market witnessed daring the last week or
two. At the close of the year mercantile men are
anxious to have a good balance at their bankers'.
The influx of deposits, public and "other," during
the week, was no less than 1,248,9484 This con-
traction
of the floating circulation naturally led to
an increased demand at the Bank, and hence the'
enormous increase of m*e than 1,300,0001. in the
"other" securities. The demand was stimulated
by the run on the Irish banks, which led to heavy
remittances of sovemgns to Ireland: this circum-
stanee accounts also for the decline in the coin.
The government securities, which in the
week presented an augmentation of 229, bare
again increased by 330,3171. We hare on a
occasion hinted at the probability of purchases of
stock by the Bank, and this movement of the
balance-sheet corroborates the view. On balance,
the reserve of notes has diminished by 407,3751.

e th
Nam or INGIAND.—As Jonomt Pawn' t• All NI sad
era Vic, c SS, Gig wa
rtEM. mess OS Natee&r. &

iota. Masi . CA72.37lAatNimna.o•=tr. .... ,„or,
am Oath NM y.l/1a LW.
auiCm
131.11,;10
liallie Mr 11/I.T.
0801111.. .Ms wow
1.31410 I 71,7117—. Ciatesrara
Vra.S Mar addethas ••• .. Wan a
et N Nato —. . mitsis
Dwe1t....... Dia /Ada) 1.021¢7{ oats ie:, Oda •. 502.911
Other Dwelt, .. 11.131.06
/reedy had KIR, NUM MAW
406,21.1 r Mina,'
7aa.1.1111. M. 11AUILLLL, Wit Cladiser.