The Express.
London, England, 1857-10-02 00:00:00

Uo 1-3
IN to.

MONEY MARKET-THIS DAY.

Two o'CLocz.

The funds opened this morning with firmness. but
have since declined nearly 1 per cent. upon sales.
English railway shares have exhibited increased
buoyancy, but have not maintained the best prices
of the morning.
Consols, after standing at 90; to for the 14th
October, are now quoted 801 " buyers." For money
the present price is 901 " buyers:" India Stock is
marked 208; Bank Stock, 219, for account; and
Excheiner Bills, 9s. to ss. dis.
Foreign stocks are very quiet. Trakish Six per
Cents. remain firm at 951 to 98. Spanish Bonds
meet with more inquiry. The Old Three per
Cents. are marked 401 for the 16th of
Oct., and the New Deferred Three per Cents. 251.
The only other transactions reported in this depart-
ment are in Mexican Bonds at 211, and Dutch Four
per Cent. Certificates at 981, cx div.
The more hopeful interpretation put upon the posi-
tion of affairs by some of the Calcutta journals, ex-
tracts from which were published in the second
edition., of the London papers, contributed chiefly
to strengthen prices yesterday. The principal
feature of the Stock Exchange was a marked rise in
English and some Canadian railway securities.
In the discount market yesterday the demand for
money was comparatively quiet, and at the Bank,
after the decided activity witnessed during the ear-
lier part of the week, the applications were rather
limited. As the bills maturing on the 4th (Sunday),
however, mast be met on Saturday, renewed activity
will probably prevail during the last two days of the
week. It is thought that the market will continue
stringent, for the government deposits which flow so
freely into the Bank, instead of increasing their re-
serve, are drawn back into circulation, under the
influenceof the active commercial demand, and the
stock of " other securities" is thus attaining a very
high amount. Were it not for the favourable fea-
ture involved in the partial subsidence of
the drain of silver to the East, an ultimate advance
in the Bank rate of discount might be probable. It
is thought that the shipments of silver by the Co-
lombo on the 4th inst. will exceed 500,0001., and
perhaps approach 600,0001., but a portion of the
needful supply for the saeceeding packet is provided
by the arrival of the Mexican steamer yesterday.
About 12,0001. in gold was taken from the Bank
yesterday for exportation.
The steamer Parana has arrived at Southampton
from the West Indies and Mexico, with about
342,2001. in specie on freight. Of this, about
103,3001. is gold, and the rest silver, principally
dollars. _

The shipments of specie by the steamer Atrato,
for the West Indies, amount to only 3,6701.
The advices from Calcutta report a somewhat
tight money market, and a further fall in govern-
ment securities, the Four per Cents. standing at 21
to 22 per cent. discount, and the Five per Cants. at
more than 10 per cent. discount. It is evident that
the financial resources of the government in that
market are very inadequate to the occasion, and this
ingresses the probability of a home loan.
At Calcutta the exchange on London closed at
2s. 21d. By the previous mail the rate was 2s. 2jd.
to 21d., so that the more favourable movement re-
ported from Bombay. is partially counteracted. At
Hong Kong the closing quotations on England were
4s. 11d. to 111 d., and at Shanghai 6s. 10d. to 11d.,
showing in each case a more satisfactory tendency,
which will probably curtail future shipments of
specie to China.
The delivery of the China letters yesterday tended
to increase the firmness of the tea market. It
appears that the supply of tea in the Chinese ports
was much less than at the corresponding date of last
year, whilst the shipments still present a reduction.
In our issue of the 25th September reference
was made to an impression which has gained ground
in some quarters that an alliance between the Great
Northern and Midland Railway Companies is not
improbable. Yesterday a report to this effect was
generally current in the Stock Exchange, and occa-
sioned a sudden rise of two per cent. in Midland
Stock. In Great Northern ordinary stock the im-
provement was aboat I per cent.
The following memorandum is from the Committee
of Mexican Bondholders :
The Committee of Mexican Bondholders have received
advice' from Mr. Whitehead, date 19th August and 3rd
ult. The packet brings 199.5 dole., which had been taken
from the cheat of the dividonctfund at Guaymas., and which
Mr. Whitehead had recovered from the government, but no
other remittance. The agents in Vera Crot, however, report
that the duty bills there are being made out, and they expect
that they will be shortly handed over to them. In Colima
9,889 dola and in Manzanilla 230.63 dole, had been col-
lected by ?be agents of the bondholders. The country was
quiet.
An extraordinary general meeting of the Nether-
lands Land Enclosure Company is called for the
6th November, when it will be proposed to authorise
the Council of Administration to sell or mortgage the

reclaimed lands of the company, with a view to the
raising of "the necessary capital for the general
purposes of the company."
At an extraordinary general meeting of the London
Printing and Publishing Company, held on Wednes-
day a dividend at tho rate of 8 per cent. per annum
was declared.

The Emigration Commissioners have taken up the
ship Escort foe the conveyance of emigrants from
Southampton to Sydney, at 151. 14s. 7d. per head,
and the Merchant Prince, from Liverpool to Mel-
bourne, at 141. 19s. Bd.
With reference to the market for American secu-
rities Messrs. 1). Bell, Son, and Co., remark as
follows : . . . . . .

There is no gardenia: change to notice to the market for
American securities. There has been rather more inquiry
for the various date storks, whilst the amounts offering for
sale are very limited. la railroad securities there has Leen
very little doing, excepting in Illinois Central *bares, for
which there fa a renewed demand.

The report of Mr. E. F. Satterthwaite is sub-
joined :
There has been a stately market in London during the past
week in American securities. Transactions have been ray
numerous in Illinois Central shares, the market for which to
strong ►t per to 2 premium. Construction Bonds have been
done to s fair extent, at from 81i to 82. We note a good
inquiry for New York Central Six and Seven per Cent.
bonds, sad them is still a disposition to purchase many of the
current bonds and stocks at low prices.
The Silk market has again fallen.

THURSDAY EVE7iINO.

The funds to-day were firmer. The actual advance
in prices scarcely exceeded 1-16 per cent., but the
market wore an improved appearance, and was
almost exempt from variation throughout the day.
Consols, which closed yesterday at 90: for the
14th October, were today very steady, closing at
901 to for money, and 901 to 1 for the October
settlement. The " continuation" to the next ac-
count, which is fixed for the 10th of November, does
not at present exceed Ito Z per cent., but the ac-
count is a short one, comprising only 27 days. The
official business report is as follows : Three per
Cent. Consols, for money, 901, 90, 901, 1, !, I ;
ditto, for account (14th October), Doi, 901. India
Stock, 208, 210. Bank Stock, for account, 219,217
(cum die.). India Bonds were marked 235. to
235. die.

Turkish Six per Cents. show a further advance of
1 per cent., clo,ing at 951 to 1. or equal to 92? to I
minus the coming dividend. The Guaranteed Four
per Cents. were last quoted 991 to 1. Oth(v fercign
stocks retain steadiness. Ssles are recorded as fol-
lows: Brazilian Old Five per Cents., 100 ex div.;
ditto, Five per Cents., 1829 and 1839, 99*. 99i
ex div. Buenos Ayres Six per Cents., 81. Dutch
Two-and-a-Ilalf per ('cats., 641, 641 (exch. 126.);
ditto Four per Ceut. Certife., 281 ex div. Mexican
Three per Cents., 211, 21. Russian Fire per Cents.,
1091. Spanish Old Three per Ceuta., 401 ; aitto,
New Deferred Three per Cents., 2n the Passive
Bonds, 51. Turkish Six per Cents., 951: ditto for
acct. (14th Oct.), 95j; ditto Guaranteed Four per
Cents., 99k.

11-"..s in It inlc shares to-dar wa. quiet, and
~t n i ..:Ir unaltered. Canad. shards
WCII3 most other miwe'.: ir.eous de-
seriptions -•i IC,,:•`t of Europe Stearn shares
wcte oth . t-% mat ked di •201.) paid: East and West
India 1 Ittak to It% ; and Loudon Dock, 99
to !nit, . .

Busin. American railway securities to-day
was mo.. active. Illinois Central Bonds and bharea
were b,; the latter closed at 2to 3 pr.. in. The
shares ofti.e Nvw York Central and New York and
Erie Corr,r.ilits were also better. Michigan Cen-
tral Be: '.