The Express.
London, England, 1861-01-10 00:00:00

MONEY MARKET.--(THIS DAY.)

Two o'Ciocx.
The weekly court 4 the Bauk of England ham
broken up without altering the rate of discount.
This is settling day in Console. The funds are
steady, at the closing quotations of yesterday.
' Little business is going forward iu any department
of the Stock Exchange. British and Canadian
railway shares are heavy.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cents, opened at 66fr.
90e., being about 1. per cent. lower than they
closed yesterday.

Coml. are officially marked 911, 1, and 1
for money, and 92 and 911 for the new
amount (Feb. 7). The present quotations are
91/ to 1 for cash, and 91 15-16 to 92 1-16, or ex-
actly 92, for the 7th Feb. The official business report
is as follows : —Three per Cents. Reduced,
911, 1, 1 ; New Three per Ceuta., 911, / , 1 ;
India Stock, 220 ; ditto Five per Cent. Stock,
1859, 1001, 1, ex div. ; ditto Four per
Cent. Debentures, 1859, 961 ; ditto Bonds, 125.,
75., dis. ; Exchequer Bills, 3s. dia., par, 4s. din.
The foreign stock market is likewise quiet.
Spanish Passive Bonds remain heavy. The
Turkish Loan of 1854 is quiet, at 70
to 1, and that of 1858, at 56 to 1. Sales are
recorded as follows :—Dutch Four per Cent. Certifi-
cates, 10010 Mexican Throe per Cents., for account,
211; Portuguese Three per Cents., 1853, 444, 1,
ex div. ; Russian Five per Ceuta., 1041, 104 ;
ditto Four-and-a-Half per Cents., 93, ex div. ;
Spanish Three per Cents., 48 ; ditto, for account, 481 ;
ditto New Deferred Three per Cents., 401, ex
div.; ditto Passive, 18, 19 ; Turkish Six per
Cents., 1854, for account, 701, 70 ; ditto Six per
Cents., 1858, for account, 561, 551, 56/.
The advieee from Melbourne report the sailing
for England of the Wellesley, Strathedon, Essex,
and Champion of the Seas, with a total of 105,891
ounces of gold, worth 424,0001. ; also the burn-
ing of the ship Arabia, from Liverpool.
The North Briton, for Portland (U.S.), has
taken only 2,2501. in specie.
At the Bank of England discount-office yesterday
the demand was rather brisk, but mot pressing. In
the general market there was a moderate degree of
activity. The rate for the best bills was equal to
that of the Bank.

The payment of the dividends commenced yes-
terday, at the Bank. It is understood that the
amount of the advances repayable at that estab-
lishment, and the bulk of which were discharged
this day, is below the average. It will be the more
interesting therefore to watch the effect of the pay-
ment of the dividends on the Bank reserve.

It would appear that the bullion arrangement
between the Bank of England and the Bank of
France has a somewhat wider scope than was at
first stated. There is an impression that, although
the sum pending between the two Banks will at no
one time exceed 2,000,0001., the supply of silver
will be continuous. Our Bank appear to be acting
really as agents for the Bank of France for the
sale of the silver which the latter establishment is
unable to dispose of. A considerable portion
of the silver sent by recent packets from
Southampton to the East has been pur-
chased from the Bank of England ; and it is
reported that this plan will be continued. If this
view is correct, it is probable that the French Bank
may succeed in gradually disposing of a consider-
able amount of silver, over and above the
2,000,0001. first spoken of.
At Vienna great distrust continues to prevail.
The exchange on London rose on Tuesday from 149
to 190.26.

The City of Washington has taken 107,0001.
in specie for New York, and the Arsgo 12,6001.,
making the total sent during the last six weeks
2,363,00 -
By the arrival of the steamer Bohemian from
Portland (U.S.) at Londonderry, telegraphic intel-
ligence has been received from New York to the
29th December. On that day the exchange on
London was 1044. The effect of the large supplies
of gold sent from this side has, therefore, been far
less decided than had been anticipated. The prices
of stocks come quoted at an improvement, Illinois
Central shares being 304 dia. at New York, and
New York and Erie 37i, which is equal to about i
36 here.

The oiat packet from Brazil has brought autho-
rity to Messrs. Baring and Co. to divide the 6001.
Buenos Apes Six per Cent. Bonds into Bonds of
1001. each. The large sire of the hoods has always
interfered with their ready absorption by the
public. The present measure, therefore, being
likely to extend the sphere of investment, is highly
judicious.
The present severe weather will probably inter-
fere with traffic on many lines ; but, on the other
hand, the railways will derive considerable benefit
from the coal trade. The demand for coal is at
prevent extraordinarily active, and as all the canals
are frozen, the traffic will be turned on to the rail-
ways.
The London and North Western Railway traffic
return shows this week a decrease of 8701.

It is rumoured that the Lancashire and York-
shire Railway traffic return will show an increase
of about 2,0001. In tho ease of this company, in-
formation of this character is always known iu
certain quarters in advance of the official announce-