The Express.
London, England, 1861-12-05 00:00:00

5

MON, Y JII4IIIIIT-Miliii AM)

Two ?Ow:.

The funds to-day are BA and • &elimination
'of 1 to 1 per cent has taken place within the last
hour. This is settling day, and the surplus of stock
tends to prejudice prices. In the other markets
there have been a number of alight fluctuations,
both in an upward and downward direction, bat
the general tendency is to dulness.
At Paris this morning, according to Mr. Ren-
ter's telegram, the Three per Cent. Routes were
quoted 69fr. 27c., being 1 per cent. lower than re-
&day.
Consols are offireally marked 904, f, and ex
div., fee money, end 91 and 901, ea div. for the
new amount (9th Jan.). The paint quotations
are 901 to 1 for money, and 904, " sellers,"
foe tie January settlement. The official
business report is as follows :—Bank Stock,
234, 222 ; Three per Cents. Reduced, 901,
1, f ; New • Three • per Cents., 101,
1,1; Thirty YOKO &unities, 1885, 161; India
Stook, 929 ; ditto Five per Oent. Stook, 1011, 1021,
er div.; ditto, for account, 1021, 102, 1, ex diva;
ditto Four per Cent. Debentures, 1959, 981, f ;
ditto Bonds, 14a. prem. ; Five per Ceot.
" mita*" rupee paper, 961; ditto Five-and-a-
Half 'per Own., 1021; illichequer Bills, Mareb,
10s., 14a, prem. ; Juie, 17a., 15a., prem.
The Turkish Lean of 1858 is rather lower,
at 671 to eB, and that of 1864 dull, at rri
to 78. Mexican Bonds are again inquired
for, and are Jut marked 171. Venezuela are rather
more offered. lisle are recorded as follows
Zquador New Consolidated, 161; Italian Five
Per Ceuta., 67 (exchange 25fr.); Mexican
Three per Cents., for account, 264, 271, 1 ; Bus-
elan Four-and-a-Half per CMOS, 92; ditto Three
per Cents., 1869, 59; Spanish New Deferred Three
per Cents., far esmount, 49 ; Turkish Six per
Cents., 1854 for amment, 78 ; ditto Six' per Cent..,
1868, for aoreint, 881, 68 ; ditto 1001. Bonds, 72;
Venezuela Three per Cent.., for account, 211, 1.

Foca' -co'Ci4;ol.

Consols show no variation of importance Dom-
pared with the prince current at 2 o'clock, being
quoted 904, ex die., for money, and 901 to f, ex
die., for the new account. The tendency, however,
is towards flatness.
Little bargees was dose yesterday at the Distionnt,
Woe at the Bank of England. In Lorobard-street,
although this was the 4th, the demand was co_ nly
moderate, at 211 to 21 per oent. for the best balk
having 60 days to run. Per six months'
width is 'bowie lees &Toon the rates are
4PpTr
cent. and upwards ; and for what are termed
trade bills, 4 and upwards.
Ia the Stock Exehange the supply of money con-
i Unties exceedingly large,. cad the rate for loses out
goveenment securities from day to day is only
per cent.
Foreign stocks derive chief support at present
fide purcbases by the Dutch, who have no ids& of
going to war with America, and amouget whom
looney le exceedingly pleatifeL They are, there-
fore, glad' of the opportunity to pick up, of
redo oed vriose, Mexican, Venezuela, and other
stocks which have always been favourites with
them.
No gold was sent into the Bank yesterday. The
Wellesley, with 306,0004 In Australian, has now
been at sea 79 days. This is the only gold ship
known to be out from Melbourne.
The City of Washington took yesterday 1,3321
is swie for New York ; and the Teutonic, 6,0001.
The Magtiateeri, teem Head. which has reached
Southampton, has broughs 44,690 t in specie ; and
the Indus, froth Alexandria, 5,819 f.
At Lloyd% yesterday British or neutral ships to
464 raft date at 10s. war risk, and to Australia
at 16.. On vessels which have sailed from the
former coustUy the quotation is 155., and from the
latter 16e. to 90a. Oet an American 'ship to Boetoo
90s. was paid, and the seine rate on British pro-
perty Anterican vessels which have not sailed
from New York; while ea regards ships that have
left, the rate is 20a.
With reference to the stoppage of Mews. ?room,
Gregory, and Co., of St. l'ettemburg, 'a telwam
just received, states that "all will be paid in
Loll ; the Russian creditors have been settled with."
it is therefore inferred that the business of the
house will be rammed.

terrors. Baring Brothers and Co. have notified
that the dividend warrants due the Ist inskiat on
the trey Granada Bonds booed for arrears of int*
rest, under the agreement of the 95th March last,
'will be paid on presentation.
• An Algerian Cotton Company is incourte of for-
mation upon an important scale. The oompsuy
have obtained the grant of a large extent of valuable
land in Algeria frees the French government, who
'are dated to look upon the project with great
favour. The annexed particulate are furnished by
the promoters.:
The capital is is be 1,000,000 f, with rework; faaressa A
cannailliaoll alaredited by Ilimireasitipvernmest
to •
that of Algeria is to be forthwith despatelied from Sag.
Led, to sabot the most • sites is the pratiaces al
Oros,easetaatase, aid . Os Moody • deputatiue of
the premoters left tows foe Meseheseer and Liverpool. these
so be
the erecensty mannfasestiee istereete. Cotten
ens De praised is Algeria squeal. /a env sworwst, to the
ilermtal theme of the hostbers States of Amick& Lebow
there la ast .ealg Ism het comp and atinadmat ; the soil
ennoble to the ashore at emu% sod the climate sehthrione.
?nights see eely ear-bell those Imo the flaked Wash
sad the average maw .sly Mae days frail Livened ; es
that d the Southern Weiss of Alliariel were Sally I. the
field, mites pews is Algeria eta be predemed at • lower
zete. bed is quality is every e`per Thaproepactua
of the eseepeay will be peldieted • dep.
The directors of the Taranaki Steel Iron Com-
pany (Limited) have made a call of se. per mbar%
payable by the 26th December.
With referenoe to the market for American secu-
rities, Mr. E. F. Satterthwaite reports as follows :
the le Leedom for Amerimes severities bee bees
tbe fear si war Wawa Woad
11;7=es,1111.= by toe
of the Treed ask. Whether the
gemenames at Wallington will somplr with the Emma&
el war t, seat out by the Iderup•, manias to be
sees i L the meantime, then wen be • Mide of feverish
satiety, which wall be Lamest am disimished
ties as any action a. the matter may be tabes by Ihm Pt
skint et by Uongtve• The evils et war more so great, &bet
it is Ihremetly to bhoped mederele essesits may prevail
es bath midis the Atiestie. Proem esolatiene is this woke{
beer ibis reieties S. time lass ameaved from New York.
thee Midas the eseheags isle einsidwatioe. dales, helm,
hone haws bread at bow sates, to avoid the mirk el Ices frets
espedhithes, or slope's*, far • timy el resalpt el dividends.
Haden of beads, payable to bearer, hays MI6 S. leer es
Wtof reptadatwo, indepeadeally el say probability
that the ththeiltise would resort to each a mestere • the
isspewilelity of fixing the ownership, infan • parfait gar to
seri • awes of odium In ragiatered Mocha, the ammo is
dilemma ; holders of thee. might be subjected to caniiima.
tie% if it eau be coaceiwed that all miimiang lees were reek-
lea* violated ; but this proceeding, we belltiveli reek! Apt
be retorted to, and if it were, we emedestly begin that
apoem would be made without the full aleagaitise of the
ri7pbte of such stockhuldsm being allowed. The quotations
gives below are quit* nominal, fur in many stocks no buyers
ars to be found at all ; they bold aloof entirely until the
coarse of sweets shaft he more clearly defined.
A pamphlet compiled by the Chairman of the
Soled. Railway Company has been published
(W. IL Allen and Co.) on " The Government
Guarantee on Indian Railways," as officially ex-
plained and recognised by the railway boards, the
government, and the Stook Exchange. It com-
prises extract* from the report of Mr. Jnlsnd
Danvers, of the India-office ; also from a work by
Mi. M. Slaughter; published under the sanction of
the Stuck Exchange Committee ; as well as from the
Tines, Beamonia, and Money Market Review. The
whole forms a compeet statement of the fasts of
the subject.
The Egmont has arrited from China with
318,2251 be. of tea.

Wwinsanal MOM
Comois, which adosed yesterday at 901 to i ex
di,. for money and to7morrow's settlement, oil&
Ms morning at the sasnequotation, fell to to
I, and closed at 90j. "sellers." Tor the
Jaa. the lark prim was 904 to 91. no teal
business report is as follows : —Three per Cent.