The Express.
London, England, 1861-01-22 00:00:00

MONEY MARKE7.-(Tillh DAY.)

Two o'ClAxs.

The busts to 'lay are eg►in better. A fresh ad_ram* of ,1 per cont, has taken place. A favour.
able effect has been produced by the improvement
in the American exchange. There is also a further
rise of moderate amount iti aU the principal British
railway stocks.

At Paris this morning, according to Mr. Reuter'.
telegram, the Tbree per Cent. Rented opened A
67fr. 46c., shuwing no change since yesterday. The
Bourse is described as "firm."

Consols are officially marked 914, }• I, and
4 for money, and 915 and for the ac-
count. The present quotations are 914 to
for cash ; and 914 to 4 for the 7th of February.
The official bulginess report is as follows :—Bank
Stock, 231, 233 ; Three per Cents. Reduced, 914,
4, ; New Three per Centi., 914, 1, 4 ; Five
per Cent. Annuities, 1084 ; India Fin
per Cent. Stock, 1001, 4, ; ditto Four per Cent.
Debentures, 1858, 951 ; Five-and-a-Half per Cent.
"enlaced" rupee paper, 100 ; Excheqw.r Bills,
dia.

The foreign stook market is quiet, except
as regards Mexican bonds, which are in
active demand, and are last marked 22. The
Tartish Loan of 1864' is rather oat, at
691 to 71/1, whilst that of 1858 is steady as
58 to 1. Bales are recorded as follows :
Brazilian Old Five per Cents., 99,, ; ditto Foar-
and-a-Half per Cents., 1860, 85i ; Mexican Three per
Cents., 211 ; ditto for account, 211, 1, 22 ; Spitaish
Three per Cents., 471 ; Turkish Six per Cents,
1851, for account, 70 ; ditto Six per Cents., 1858,
551 ; ditto fur account, 561, 56 ; ditto 1001. bonds,
56.

The Wellesley has arrived from,Afelbourne with
131,500 i. in gold. A telegram received says that
"a great robbery has been committed on board."
The adverse movement yesterday was attri-
buted chiefly to the effect of tho operations
which are being privately carried ou by the
Bank of England. That establishment is believed
to be still endeavouring either to sell or to borrow
money upon government securities. Its operations
would probably have been attended before now
with a more decided effect upon prices but for the
investments which continue to be steadily effected
by the public. In the afternoon a rally set in, and
the funds closed with firmness at the
best point of the day, and quite as high
as on Saturday. The recovery was occa-
sioned by the more satisfactory tenour of
the financial news from America, which encourage
a hope that the shipments of gold from this side
will slacken. The remittance of the dividends due
here on American stocks must naturally have some
influence upon the exchange. Amongst the favour-
able features in the afternoon was an improvement
on the Paris Bourse. This was the more &wept-
able because, as spring approaches, the obstinate
attitude at A ustria with regard to Venetia excites
a growing feeling of anxiety. It does not escape
notice, too, that the menacing tone taken publicly
by the new Ring of Prussia towards France is cal-
culated to encourage the government at Vienna to
brave the public opinion of Europe.

In no class of securities were the movements yes-
terday of so important or interesting &character as
in British railway stocks. The market opened at a
considerable fall, and subsequently exhibited an
extraordinary degree of depression and agitation.
The extreme fluctuation (as shown in our share
report) ame,nted to fully 2 per cent. in more than
one instance. Midland and Lancashire and York-
shire stocks have again suffered chiefly, these de-
scriptions having for some time past been pur-
chased to a considerable amount on speculation and
partly on borrowed money. The state of the money
market and the check to traffic have necessitated a
reduction of this outstanding speculation : hence
the collapse in prices. le. the Ewe, how-
ever, of news of a decided falling off in
the South Eastern Railway traffic, the market
in the afternoon underwent a recovery almost as
rapid as the morning's fall. Chief support was de-
rived throughout yesterday from purchases to CO ler
preview speculative sales. The number of epee's-
laton who are found to have operated fora fall in
Midland stock—the highest priced of all—and who
have now come forward buyers, is so large as to
occasion surprise. The cloning quotations were the
best of the day, and, as a rale, not greatly below
those of Saturday. The market generally, how-
ever, retains a sensitive appearance.
The financial advices from New York by the
Canada, confirm the hopeful anticipations lately
expressed. The most important feature is that,
according to private telegrams, the exchange at
New York has recovered to 105} for bankers' bills.
We also learn (likewise by private telegram a
Halifax), that at New York on the 10th Mut.
Illinois Ceutral shares were quoted 78, and New
York and Eric 37i to 38, Leiug in each instance
to 3 per oent, better than the prices brought in
the less recent despatche. published iu the journals
this afternoon.

It appears that Austria i+ now endeavouring to
raise a loan in bonds reiv,ible in payment foe
taxes. This is one of the la.st devises of insolveial.
There were no gold bullion operations at the
Bank yesterday. Some amount of sovereigns wilt
probably be sent to New York during the week by
the steamers Vigo, New York, Canada, Kedar,
Anglo-f3axou. The Roxburgh Castle hail arrived
from Melbourne with 167,0001. in gold, wiiich is
expected to be sent away. The 66,00 W. in silver,
and 14,0001. iu gold, by the West India packet,
were delivered to-day.

The amount of Auhtralian gold still at 'sea is
519,0007., of which only 131,500/. will be due hi a
week or two.

The meeting of the principal creditors of Nli--.:rs.
Francis Ede, Son, and Co. was held yesterday,
awl was adjourned until to-day, the accountant
(Messrs. Coleman, Tarquinld, Youngs, awl Co.)
not having yet had time to go through the voltuiii-
nous accounts. The aggregate liabilities of the
house, direct and indirect, will reach fully the
large sum (say 500,0001.) mentioned in ye:Jun.4.l'a
Etpras.
The Brighton Railway traffic return shows tllis
week a decrease of 1,231 f., and the South Ea.,tt
a decrease of 1,661 i.

The half-yearly meeting of the London and Vt..utla
Western Railway Company 1)4 called for the 14th
February.

The half-yearly meeting of the Moditerranaa
Exteurion Telegraph Coakpauy is called fur the 7th
February.

Messrs. F. de Lizardi nod Co. announce the
half-yearly dividends due the let February u
Louisiana State Bonds.

The Liierpool cotton market retsina au upward
tendency. The nal" reaterday reached 20,u00
bales, and prices wart Acme d. above those of last

A private telegram, dated Bombay, Deo. 27„
")Honey market tight ; oopper dell ;
freight, WA. 641 ; exchange, 2.. lit Urge busi.,
noes in linseed."

The Lootkm. and Chit.a Teivriplt memtions that" The lino of submarine cable to connect M.iita
and Otranto with Corfn, in order to form a ibilli-
cate line from Malta to London, has not yet 1,1 a
bad, owing to au accident to the vteauter Wit!Laa
Cory."