The Express.
London, England, 1850-01-15 00:00:00

MONEY MARKET.

MONDAY EVINTNO.
The public has been taken by surprise by the an-
nouncement of a Russian loan for 3,500,0001. sterling,
bearing 41 per cent. annual interest, negotiated by
Messrs. Baring, Brothers, and Co., and of which we
are enabled to give the following partic•ilsre:

RUSSIAN LOAN WOK 6.600,0001. STOCK, BRAKING 44 P 22

Messrs. Baring Brothers and Co. beg to state, that in con-
formity with the annexed translation of the tame of H. M.
the Emperor of Russia, dated 9th December,lB49 (old style),
and in compliance with the instructions of H. B the Minister
of Finance, and of Meters. Btieglka and Co., of Bt. Peters.
burg, the banktrs of the imperial government, they are
nay to receive applications for the loan therein authorised,
of 5,309.0001. (five millions five hundred thousand pounds
sterling) of rock, bearing 44 per ant. interest, on the fol-
lowing terms and conditions
Bunds, in due form, executed in St. Petenburg, will be
issued in sums of 1001., 500/., and 1,0001. sterling, respect-
ively, with twenty heartily dividend warrants, payable
Ist January and lst July (new style) of each year, at the
counting-him° of Messrs. Baring Brothers and Co., and not
elsewhere, and with an authorisation to claim fresh dividend
warrants without charge.
The kalllearly dividend warrants will be respecivt ly for
21. ss. on each bond of 1001., for 111. St. on bonds of 5001.,
and for 221. 10s. on bonds of 1,0001.

Toe sterling amount of the bonds will be also reimbursed,
without charge or deduction, at the counting-house of
Minus. Baring Brothers and Ca., and an annual sinking
fund of two per cent. on the principal will be applied to their
repayment at par.
The bonds to be reimbursed will be annually drawn by
lottery in St. Petersburg, and the first reimbursement will
take place is Loudon s lot Jar.uar3, 1832 (new style!,
when bonds to the amount of 110,0001. will ts• repaid at par,
and as a like amount will be reimbursed annuail), the whole
loan will be repaid in fifty years.
All eLe Wei will thus be repaid at per, and they hear
interest in favour of subscribers hem let January, 1850.
The subscription price is 93 per cent., say at the rate of
ninety. three :Isounda starling for every hundred pounds
stock, of which-
-201. must be paid two days after allotment to Mame.
Martin, Stone, and Co., bankers, Lombard-street.
101 must be paid on 15th February.
101. , „ 15th March.
101. '„
„ 15th April.
101. „ „ 15th May.
101. „ „ 15th June.
and the remainder, after deduction of the half-yearly divi-
dend due Ist July, must be paid on 15th July next.
The failure to pay all the instalments regularly, forfeits
all previous payments.
Subscriber may pay up all, or any of them instalments,
under discount of the respective maturities, at the rate of
three per ant. per annum. &rip receipts will be delivered
with as little delay as possible, on the production of the
banker's receipts of payment of the instalment, and the bonds
will, at latest, be ready for exchange against the scrip on
15th July next.
No applications for this loan will be received after four
o'clock p.m., on Monday, the 21st January.
8, Besborgate street Within, Jan. 14, 1850.

[English Translation.]
To THIII MINISTIR or FIIILItCI.

To meet the ezpences uquited ior the oompletion of the
railroad from 8t Petersburgh to Moscow, we hate judged
proper to contract a further fenign loan, which we order to
be opened b) subecriplun to the extent of fire million Rye
hundred thousana pounds sterling, on the ',Lowing con-
ditions.

1. The bonds of the imperial commission of the sinking
fund (Inscriptions) issued fur this loan, shall be inscribed in
the leuger of the public debt of Russia, and issued to bearer
ler a sum of one hundred pounds sterling at least, or of one.
thousand pounds !Merlins at meet, each.
2. These bonds will bear an annual Interest of four-and-a-
half per ant., to be reclvined from 20th December, 1849 (Ist
January, 1860). To each bond swill be annexed twenty divi-
dend warrants. Oa presentation of these dividend warrants
in London at their maturities of 19th June (14 July), and of
20th December (let January), the interest for the preceding
halt-yeas will be paid. A: the expiration of the first ten
years, fresh coupons will be &livered for such bonds as shall
still be in circulation.
3. The reimbursement of this loan will commence ths 20th
Dec.mber, 1861 (let January, 1862), and for this purpose a
special fund w.ll be assigned, making each year 2 per cent.
of the nominal capital. This nuking fund will be applied to
the reimbursement of the bond', which will take plans in
London and at - Fur this- bonds of this loan

per. For taa purpose the ...was of this
be divided into five hundred and fifty series of ten
thousand pounds sterling each.
The bonds belonging to the 114 via, which will be drawn in
the annual lotteries, must be delivered for receipt of the
principal with the remaining dividend warrants, that is to
say, with thaw of wbica the payment shall not be due.
4. The arrangement for the issue of this loan will be en-
trusted to the house of our banker, Baron Btieglits, who will
act in tha case in conlosmily with your iintructions.
5. The account of the rums derived from this loan will ►e
kept (es for tre termer loans contracted for the construction
ut the above-mentioned railroad) distinct from all other
state revenues and expenditure.

The ortigthal Is sighed by his imperial Majesty,
1,4 1CH01.40.
St. Petersburg, 9th Dec., 1849.
Tha Chancellor of the Empire,
COUNT Ds NISOILKODZ.

The market for English securities has been
rather unsteady to-day. The "Bears " have
made the most of the circumstance of the in-
creased rate of interest on loess upon Con-
sole in their op, rations in the English funds,
which hair been depressed, and the continuation for
th.- 14th February ruled at Consols were first
called at 961 to / ea div., both for money and Wed-
nesday the lowest point; they oscillated, however,
considerably during the day between that and the
highest pole?, which was 971 for money and 97 for
the iipen.ng, biiih being list m.rked 981; they clam d
as ("Hall qu .teri NI to 1, for Wednesday next.
1 b.,' Three p- r Cent. Redue d advanced corisider4bly to-
wards the Ouse ; th. y were first marked 97, then 961,
971, and lam, 97; 'Ube New Three and-a-Quarter
per Cmts. mai k.-ri 90/, 991. and I.st 99.
Exchequer Bills were done at 605., 68e., and 81s.,
and Ii Gis 80..ds at 97e. pm. Long Annuities,
8 11-18 ; Bank Stock marked 209. India Stock,
266. South Bea Stock, 1061.
Some di gree of animation prevailed in the foreign
house, and nuainess was done in Meter:an at a consi-
derable advanc... They touclfrd 291. Peruvian
were very firm, and wcre dune at 68. Belgian and
Danish also improved. Russian declined, and were
tut done at 109, bring 21 lees than on Friday last.
The transactions reported were the following :
Brazilian Small Bonds at 88. Buenos Ayres at 49;
and 481. Danish Five per Cents., at 1001, 1, and

The following is a statement from official sources
of the am not of the precious metals exported from
London during the week ending the 10th instant:
Silver i:014 to Rotterdam, 5,000 oz. ; to Dunkirk,
80,000 or ; to Be:giam, 130,000 oz. silver bars; to
Belgium, 23.000 oz. ; making a total export of
238,000 4,2. of bilver.

The Vionna papers mention that the Atustrisn go-
vernment persist in refusing to allow a dividend of
more than 3311., instead of 4011., per Bank Share.
The ninth series of the drawing by lottery of the
Bur-Hessen 40 &liar Bonds, was effected during the
first week of the present month at Cassel.
The subscriptions fur the loan of the city of Mar-
seilles for nine million francs are still open, and the ,
bonds of the loan ter 1,100,000 francs, redeemable in
April next, will be received in payment of the sub-
scriptions.
During the last month the arrivals of indigo were
469 chests Bengal, whilst the quantity taken was
483 chests. Tee stock on the 31st ult. was 3,517
chests B. rigal against 4,698 chests at same period of
1848 aud 7 778 1847 ; 155 chests Java, and 348
sums of Guatemala and Nicaragua.

IMCIIANG,.. AND STOOKS ABROAD.
Mamie. JAW. Io.—Hamburg Three.and.a.liallsCents., 6EI
bills, Sol money; llunoverian etre per Cent.., 1.6, 106 money;
Prumian Five per tent-., lu6. bill., 106 money; R Fire per
Cent. C.ertif., ther money ; Enalinh Loan. 106. bills, 106 money;
Ditto, Four pir fen.. Stkee7o, find Ce., 65 bilk, 841 money;
Danish kinglah Loan, Three per Cent., 71 bille, 701 mosey; Ditto. In
lOnl. Shiner, 711 bide. 711 mart r; Ditto, Fire per Cents., 96 bill..
9.71 money; swednib roar per cents., 971 money; Norwegian Four
per Cant, 99) bills, 99 money; Opsnivb Five per Cents., 111 bills;
Ditto, Three p r Cents., 284 bills, 281 money; American Six per
Cent.., 11,5. bill., 1031 n,un.y. Exchange on London : Bremen, Jan.
7, two months,. 613, St. Petersburg, Jan. 1, three montha, 37 9.16;
lielrolit. Jon 7. two ru.niks, n 361,
BOILIN, Jan. 11.—Volun•ary Loin, 1661. National Debt, 681,;
Commercital ItArum buinetya presume., 103. Bank Shama, 91.
Funda and nhares in demand at alight', increase.' nites.
Vie-xsa, Its 9. -I ire per Cent. 31cailliques, 96 ; Font Cont.
73. Panic Shane, me. Lackner en Frinkfort, 1101. Funds
and 'hares Ann —,, a,. 10.—Five per Ce..t. Metalliquce, 96; Four
per Cent. dirt t, 73. Bank Shang, 11,10.