The Express.
London, England, 1857-02-12 00:00:00

MONEY MARKET-THIS DAY.

Two o'Cioeff.
Increased buoyancy has prevailed to-day in every I
department of the Stock Exchange. The funds
show a fresh rise of per ant., and the upward
movement extends to all the other markets.
Consols for the sth of March were first marked 01,
and have since advanced to 941 to 1. For money thee
price is 931 to 1. The Three per Cents. Reduced
have been dealt in at 93/ to 944 ; the
New Three per Cents. at 941 to 1; Bank Stock at
217 ; Exchequer Bills at par to 3s. prom; and Ex-
chequer Bonds at 981 to 3.
Turkish stocks have risen considerably, especially
the Six per Cents. Mexican Bonds arc more in-
quired for, and all other foreign stocks show
much firmness. Subjoined is a complete list
of the morning's sates, iz.—Dutch Two-and-a-Half
per Cents. 654 (exch. 12 fi.) ; ditto Four per Cent. Cer-
tificates, 984; Mexican, 22 to 21/ ; ditto for 27th
inst., 22; Spanish Old Three per Cents., 403 to ;
ditto, Deferred, 24; the Committee's Certifs., 84 per
cent. Turkish Six per Cents., 92; to ;to ; ditto,
for 27th inst., 95 to 941 to 951; ditto, Guaranteed
Four per Cents., 1011 to 1 ; ditto, for account, 27th
inst., 1011 to 11; Venezuela Deferred, 15/.
Confidence is also stimulated by the belief
that government would not be so prompt in
bringing forward their annual financial statement,
were the features contained in it of an unpopu-
lar character. Satisfaction is expressed at the
announcement that the navy estimates show a
reduction of about eight millions sterling, as coat-
' pared with the reduced estimates which were sub-
mitted last year after the end of the war. This
economy is considered to point strongly towards a
remission of the war income tax.
A sale of bar silver took place yesterday, comprising
the amount brought by the steamer Atrato. The
total quantity in the market is rather considerable,
owing to the fact that a portion of the dollars by this
vessel has also been melted into bars. The price
realised was fis. 13d. per oz. standard, showing a
decline of Id., as compared with that obtained for the
supply of bar silver brought by the previous packet.
The Chilian dollars ex the Atrato remain on sale.
It is somewhat remarkable that remitters of silver to
India are paying Id. per oz. more for Sve-franc
pieces than for these dollars, although the two coins
are of the same standard.
The corn market yesterday was flat. Salesof wheat
to any extent were not practicable, unless qf a re-
duction of Is. to 2s. per quarter from last Monday's
rates. The arrivals of flour in London this week
have been large, comprising 15,170 barrels. Only
one grain laden vessel has arrived at port of call
since last Friday: arrivals have been virtually sus-
pended during the last three weeks.
The tendency of the French corn markets is still
upwards; and,:consequently, shipments of grain are
being made from England to that country. The ac-
counts from Ipswich state that several have
been despatched to France and Spain, and that
qrs. of grain were still in chum of shipment. Should
this movement continue, it will assist the exchanges.
The Agra has arrived in the Downs from Shanghai,
with 517,500 lbs. of tea and 2,231 bales of silk on
freight.
It is officially announced that the forthcoming
dividend of the Midland Railway Company will
be at the rate of 41 per cent per annum, leaving a
surplus of 16,0001. to be carried forward.
Yesterday was " making up day" in the railway
share market. The arrangements for the settlement
indicate amoderateoutstanding speculation for hit her
prices. With the exception of London and North
Western stock, the rates of interest charged for
carrying over the accounts of speculative buyers
were not heavy. The current terms are sub-
joined, viz.:
From
London and North Western 1 to -16 continuation
Great Western l-16 t9O 3-1 G ditto
Midland to 1 ditto
Lancashire and Yorkshire to 1 ditto
Doves -16 to 1 ditto
Great Northern'
Cabdosians -16 to 3-16 ditto
York and North Midland -16 to 3-16 ditto
Bet-wicks -16 to 1 ditto
London and South Western 1 to 1 ditto
Northern of Francs
Eastern of Francs }about 8 per ct. per ann.
Paris and Lyons
Great Western of Canada -16 to 1 continuation
At the half-yearly meeting of the London Mone-
tary Advance and Life Assurance Company held on
Monday, a dividend of 81 per cent. for thelalf year
was declared.
Subjoined are the latest quotations of insurance,
canal, and other miscellaneous shares, as given in
the last Stock Exchange List
Insurance Sham:—Albion, 00; Atlas, 161 1; Alliance,
British, and Foreign, 171' ditto, Marine, 93 1 ; British Com-
mercial, 61; Church of England, 31; City of London,2l
Eagle, 617 ; English and Scottish Law Life, 41; Equity and
Law, 51; European Life, 18; Globe, 991 99 ex div. ; °wa-
dies', ;52 511 ; General, 51; Indemnity Marine, 100 ex dir. ;
Imperial Ltfe, 201; ditto. Fire, 376 ; Legal and General Life,
; Law Life, 6.1;. Medical, Invalid, and General Life, 31;
11. i Phoenix, 182 ; Royal Exchange, 268; Rock
81 ; Union, 315; Victoria Life, st.
Caned b
Canares:—Grand Junction guaranteed 6 per cent.,
111; Kennet and Avon, 6; Leicester, 491; Oxford, 103;
StaSord and Worcester, 440; Peak Forest, 76; Regent's,
16; Warwick and Birmingham, 2.5.
Gas and Coke Companies .—Brighton, 15- Crystal Palace
District, 9; Great Central, 13; Imperial Now, 31 ex div.;
ditto Continental (second capital), 73 ; ditto third capital,
68; London Parliamentary Preference, 241; Phomix, 44
ex div. ; Ratcliffe (201. shares, 161. paid), 161 ; Surrey Con-
sumers, 12; United General, 201; Westminster Chartered,
631 ex die.; ditto New, 101; ditto Weaternr7l•
Waterworks Stocks —Berlin, 51; East London, 102 ex
div.; Grand Deletion, 75; ditto New, 31; Kent, 81 ; Lam-
beth. 95; West Middlesex, 981 ex dir. ; ditto ditto n prem.
ex div.
The Admiralty have accepted the Sarah and the
William James tor the conveyance of stores respec-
tively to Malta and Cape Town, and the Norman for
the conveyance of troops to Ceylon.

WZONSIDAT

The improvement in the stock markets has made
further progress. Buoyancy has prevailed through-
out the Stock Exchange, leading to a rise of per
cent. in the funds, nearly I per cent. in Turkish Six
per Cents., and an average advance oft to t per
sent. in many classes of English railway stocks.
The advance was firmly maintained up to the close.
Amongst the influences at present in operation on
the favourable side are the ►arge receipts of gold, the

stronger appearance of the continental e xchanges,and a
hope that the immediate pressure in, the money market
has passed over.
Further large parcels of gold were to day sent
into the Bank. It is computed that the sum re-
tained here out of the late Australian arrivals is
between 190,0001. and 200,0001. The remainder
has been taken for exportation, partly for the Bank
of France, and partly to pay for silver on the Con-
tinent.
The discount market to-day was quiet, and the
supply of money on offer was more liberal. In the
Stock Exchange the current rate for short loans on
Consols is still about 6 per cent.
Consols, which closed yesterday at 931 to for
the sth of March, opened this morning at 931 to 1,
and steadily advanced, closing at 931 to I. For
money the last price was 934 to t. The official
business report is as follows :—Three per Cent. Con-
sole, for money, 931.4, Thintto for account sth
March, 931, 1,1, per Cents. Reduced,
933, 1. New Three per Cents., 94 1, I. Three-
end-a-Half per Cent. Exchequer Bonds, falling pay-
able in 1858 and 1859, 981, 981.
Exchequer Bills remain quoted par to 3e. prem.
Exchequer Bonds were rather firmer, at 981 to 4.
India Bonds are marked 2a. dia. to par.
Turkish Six per Cents. were very buoyant, and
attained a rise of ; per cent., closing at 94 to 1. The
Guaranteed Four per Cents. were last quoted 100; to
101 ex div., being Ito per cent. higher than yester-
day. Other foreign storks were firm, but the Spanish
Coupon Certificates were rather more offered.
The East India Companv gave notice to-day that
the advertisement previously issued, inviting tenders