The Express.
London, England, 1857-01-06 00:00:00

MONEY MARKET-THIS DAY.

Two o'CLoot.

The funds receded k per cent. this morning, but
have since recovered to the closing quotations of yes-
terday. The chief business going forward in the
Stock Exchange is in connexion with the settlement
of the monthly account in Consols. The other
markets are very quiet.
Consols declined this morning to 931 to 94 ex div.,
for the Bth of January, but arc now quoted 94
to 1. For the 6th of February the price is 94 7-16
to 9-16. The Three per Cents. Reduced have been
dealt in at 941 to 1 ; the New Three per Cents. at
941 to 1; Bank stock at 217 ; Exchequer Bonds,
1859, at 99; and Exchequer Bills, at 2s. to ss.
prem., being again better.
Turkish Six per Cents. are firmer, at 951 to 1.
The Guaranteed Four per Cents. remain quoted 103;
to 1. The only other stocks that have met with
Milanese in this branch of the market, arc Mexican
Bonds, 211, and Russian Four-and-a-Half per
Cents. (small bonds), at 971 ex div.
The full particulars of the concession for the Im-
perial National Bank of Turkey have not yet trans-
pired. We believe, however, that the following
details may be relied upon as accurate, although
they modify to some extent the telegraphic state-
ments circulated on Saturday. The Sultan has
granted a firman to a new National Bank, with va-
luable privileges for a term of 30 years, including
the exclusive power of issuing bank notes. The
capital of the bank is to be from ten to twelve mil-
lions sterling. The principal conditions impored are
that the new bank shall withdraw from circulation
the present depreciated paper currency, amount-
ing to some three and a half millions ster-
ling, as well as the debased coinage of the
country. The government is to pay 6 per cent.
interest for all advances resulting from this arrange-
ment; but it is positively affirmed that no new state
loan is attached as a necessary condition of the agree-
ment. As contemplating a plan for the efficient re-
organisation of the monetary system of the empire,
the project will excite great interest. The introduc-
tion of the European system of banking is calculated
to give an important development to the immense
resources of the empire. It is stated that the
undertaking meets with the support of the local
Armenian bankers, and that one-half of the capital
may perhaps be placed in Turkey.
The amount of specie and bullion brought in by
the Orinoco from the West Indies and Mexico is
about 195,7001., of which about half consists of
silver and half of gold. This supply is expected to
be delivered on Thursday next.
The corn market yesterday was quiet, at last Mon-
day's mice. The arrivals of foreign breadstuffs in
London last week were large, chiefly from America.
After nearly a fortnight's interruption of arrivals
five grain-laden vessels have arrived at port of call
since Friday.
The French advice' state that the heavy commer-
cial payments incidental to the end of the year, to
which many parties had looked forward with appre-
hension, have been very well met.
The following is from the Committee of Mexican
Bondholders :
The Committee of Mexican Bondholdem have received
advices.from Mr. Whitehead, dated Mexico, 19th November
and 2nd ult. The English question with Mexico bad in the
main been arranged, and General Vidaurri had been re-
conciled to the central government, but Puebla still offered a
stubborn resistance. It was, however, thought that it could
seareelyiekteout beyond the first week of December, and
the inte in the American pipers that it surrendered
on the alt. is probably correct. The committee are
without any advice of remittances by the parent packet, but
tted=te in Ma:Mb= bad shipped 10,643 dole per
to Liverpool, and 1,838 Sob. per H.M.S.
Trinoomake to Panama fur the dividend fund.
Competing with the Oude Railway Company for
the favour of the Indian authorities, the Central
Cede Railway Company (Limited) has issued its
. The capital re- fixed at 500,0001. (rub-
rertoee'itnuserease to 1,500,0004 in 25,000 shares of
201. each, upon which the deposit is fixed at 2e. 6d.
per share. It is proposed that the line shall corn-
maw at Ghszeepoor, on the north side of the
Cielltre, and, taking a north-westerly direction
theesql the valley of the Oogra and Goomtce
rime; Weed to Fyzabad, the ancient capital of
the *vines, thence to Lucknow and the important
military station of Cawnpore. It is also con-
templated to have, eventually, branches to
Cierr•cirpoor and Benares. The directors re-
t--" Should the Hon. East India Company
'mailer any other line preferable to the one pro-
ymnd. the object of this company will be generally to
lona such a railway or railways in the province of
Cub upon communication with the East Indian
may be found most advisable." They
ulna that they " arc now and have been for a
emithruble period in communication with the In-
dia authorities, with the view of obtaining a gua-
imbed rate of interest ; and they confidently antic:-
.pats • successful result Should it be refused, the
oats will be returned, loss the necessary ex-
pears, which will be but trifling." Major-General
Sim (the chairman of the Madras Railway) is chair-
man of this undertaking, and the direction is other-
wise respectably constituted.
We understand that the arrangements concluded
between the authorities and the European and In-
dian Junction Telegraph Company involve the joint
grant by. the British government and that of India
of a minimum subsidy of 12,0001. per annum. This
allowance is equivalent to a guarantee of 8 per cent
per annum upon the capital of 200,0001., and is to be
absolute, whatever may be the extent of the use
which the government may make of the line. The
shares of this company closed to-day at 7-16 to 9-16
prem. (l 0 shares, with 10e. paid).
We have already mentioned that the fleet of the
General Screw Steam Shipping Company have been
sold to a new company. It appears that Mesas.
Crawford and Round, including the largest share-
holders in the General Screw Company, have offered
181. per ton for the ships, and that the offer was
formally accepted by the directors on Seturdeilaat..
We ere informed that Mama. Crawford and hound
will in a day or two circulate amongst the share-
holders the details of the purchaseander the arrange-
ments connected with it. It is anticipated that as
the transfer of the ships will be made without delay,
the affairs of the General Screw Company may be
entirely wound up within two or three months.
The 'New To* arias notice the declaration et
the hapyrisi railway dividends, vie. :
She dnewieg dhikeds have lea decked far the
lest linemen s Cbmima, Coimbra sot Cinder% t ;
Molina Clenink• 31thromikia
mid on IliesS: La
Clore ; New Teri pa-
ems& ilia, 3,
_• eall 6,
sal mike *Wend dim re emu. ane. in orb.
de Nismi. h la Wee t ens 01,
Misrla ens. emples *em it= d soak lead,
The berth and hetdi Inelahment le to be paid on the
3M ism et the Pre/armee shares in the Nether-
lands Land Enclosure Osprey on the 16th instant
The half-yearly interest in tame securities is ad-
vertimed.
A asosad sell ri 21. h ne be paid on the Barking
Extensive shined the Leaden, Tilbury,and Southend
Railway Omgasy by the 30th init.
cap of IL
s.
b * Leiburd• paid on the shares of the
Lanka Wine rby the 10th huh
Vheamesikw peeress en the 19th
inst. Os make • cell of 41. 1 pm shire upon the
emhibuteries of the Protestant Life and Fire Insw-
ing, Aeseriation.
In eiseerdenes with a requisition signed by certain
shereholdwe, a special meeting of the Norfolk
Estuary Company is called for the 20th inst.

1110/FDAT EVIINIWO.

The monthly settlement in Consolscomm need to-
day, but the market experienced scarcely the slight-
est variation. The closing quotations were the same
as those of Saturday. Throughout the Stock Ex-
change prices were arm, with a favourable tendency,
bat with little business.
The firmness of the stock markets is stimulated
by the easier appearance of the money market. In
Lombard-street to-day good paper could be dis-