The Express.
London, England, 1862-10-20 00:00:00

MONEY MAFJHT.-(THIS DAY.)

Two o'CLocX.
The stook markets are as inactive as ever, but
the general tone to-day is rather firmer. The decline
of per cent. which took place on Saturday has
been recovered. English railway stocks are well
supported. As regards foreign stocks, which
have met with chief attention to-day, the movement
is for the most part confined to a slight improve-
ment in Mexican and in Italian Five per Cents.
. .

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened at
71fr. 20c., being 6c. lower th.in on Saturday.
Consols are quoted 94 to ;, both for money and
the 6th of November. The official business report

is as follows :—Three per Cent. Console, for
money, 931, #,I ; Three per Cents. Reduced, 92,
91/, 921 ; New Three per Cents., 91, 921 ; Five
per Cent. Annuities, 109 k ; Red Sea Telegraph,
21/ ; Bank Stock, 238 ; India Five per Cent.

Stock, 109 k, I, ; ditto Four per Cent,
Debentures, 1864, 101 i, 1004 ; ditto 1864

or 1866, 1001 ; ditto Bonds, 31a. prem. ; Four
per Cent. " enlaced " rupee paper, 941 ; Ex-
chequer Bills, June, 20a., 235. prem. ; ditto March,

18e., 21s. prem.
The foreign stock market continues inactive.
Turkish Censelidds are slightly better, at 38 to 1 ;
the Turkish Loan of 1854 is without change,
at 82 to 83, ex div. ; that of 1858, at 69 to
1 ; and the scrip of 1862, at par to 41
prem. The Egyptian Loan has declined
to 88i to 89. Venezuelan scrip remains quoted 31
to 1 prem. ; Portuguese, 21 to 1 prem. ; Peruvian,
2to 11 dia. ; and Russian, 11 to 2 prem. Mexican
Bonds and Italian Five per Cents. have improved,
the former being last marked 331, and the latter, 72.
Transactions are recorded as follows :—Brazilian

lour-and-a-Half per Ceuta., 1852, 1858, 1860, 961
Chili= Six per Cents., 78; Dutch Two-and-a-Half
per Cents., 66} ; Equador New Consolidated, 18 ;
Egyptian Seven per Cents., second issue, paid-up
scrip, 881, ; Italian Five per Cents., 711, 72 ;
ditto Maremmana Railway,72l; Mexican Three per
Cents., foraccount, 331, I, ; Portuguese Three per ,
Cents., 1863, 46i ; ditto scrip, 21, prem. ;
ditto, paid-up, 46} ; Russian Five per Cents,
scrip, 2, 11 prem. ; ditto paid-up, 96} ; Sar-
dinian Five per Cents., 831 ; Spanish Passive,
22 ; Turkish Six per Cents., 1854, 821,
ex div. ; ditto, for account, 821, ex div. ; ditto
1868, for account. 691, 69, ; ditto 1001. Bonds,
73 ; ditto scrip, prem. ; ditto paid-up, 681,
68 ; ditto Guaranteed Four per Cents., 102/ ;
Venezuela Three per Cents., for account, 291, I.
Messrs. Knowles and Foster, the contractors for
the Portuguese Three per Cent. Loan, have notified
that they are ready to deliver bonds in exchange
for scrip paid up in full.
The remittances of specie from New York con-
tinue
on a large scale. The amount by the Scotia,
just reported, is 260,0001.
The committee of the Stock Exchange have I
granted a quotation to the New South Wales Go-
vernment Bonds expiring in 1892. The total I
amount is nearly 1,800,0001., of which 500,0001.
have already been received by the Oriental Bank.
It is understood that • strong opinion was at the I
same time expressed by the committee against the
plan hitherto adopted of privately supplying the
market, it being obvious that the fullest publicity
should be given to financial operations of this nature.
Nearly all the new marine insurance companies
are convening meetings of their shareholders to con-
sider the advisability of registering as "limited"
companies under "The Companies Act, 1862."
Meetings of the Thames and Mersey, and Uni-
versal Marine Companies have already been ad-
vertised. Circulars issued to-day severally by the
Ocean, and London and Provincial Marine In-
surance Companies, convene the shareholders in
special meeting for the 29th inst.
We have received a copy of the prospectus of
the West Africa Company (Limited). This under-
taking is projected, not only for cotton growing,
but as a general trading company for purchasing
cotton, palm oil, and other articles, and for selling
English manufactures to the natives. It is affirmed
that the cotton which grows wild in Africa is greatly
superior to the Indian. Trading stations, factories,
and depots are to be established on the coast of
Western Africa in connexion with organised agen-
cies in the interior. The directors, who are men
of respectability, express their confident belief that
the undertaking will eventually assume important
dimensions. The capital is fixed at 250,0001., in
25,000 shares of 101. each, and the first issue is to
consist of 12,500 shares. Should no allotment be
made, the deposit is to be returned in full. On
behalf of the promoters it is mentioned that these
gentlemen, in return for the time and money which
they have expended during a period of two years,
are to be remunerated in shares amounting to 2 per
cent on the first issue and 2 per cent. on the second
issue, provided the company pays a dividend of
15 per cent.
The Commercial Union Assurance Company,
whose marine branch will be opened on the Ist
January next, have appointed as their underwriter
Mr. James Carr Saunders, the assistant-under-
writer of the Thames and Mersey Marine Assurance
Company.
The half-yearly meeting of the East Indian Rail-
way Company is called for the 31st inst., and that
of the West Flanders Railway Company for the
3rd Nov., in London.
The half-yearly meeting of proprietors of the Im-
perial Gaslight and Coke Company took place at
the office on the 9th inst., when a very satisfactory
report of the company's proceedings was made, and
• dividend at the rate of 10 per cent. per annum
declared.
At the meeting of the proprietors of the London
Gas Company, held at the Freemasons' Tavern on
Wednesday, a dividend at the rate of 10 per cent.
per annum was ordered, and the prospects of the
company were described as very favourable. Five
years ago its position was deplorable, even the pre-
ference dividends not being fully paid. Owing,
however, to the working of the Gas Act of 1860,
allotting districts to the several metropolitan com-
panies, thereby avoiding competition and admitting
of increased economy in the manufacture, favour-
able results have been realised under the guidance
of an efficient board.
The European Gas Company has just allotted
one new share in right of every two held by the
proprietors, for the purpose of extending the
works of the company,whose operations areconfined
to Havre, Boulogne, and other French towns, under
concessions from the government. The price of
the new shares (101. limited), with V. 10s. paid, is
about 21. premium.
A petition for the winding up of the Public Life
Assurance Company is to be heard before the
Master of the Rolls next month.
The subjoined is from the monthly wine circular
of Mr. F. W. Comm :
During the month that has elapsed since the issue of my
September report, the tendency of cur wine and 'pint
trade has been decidedly towards improvement. Brandy. in
fair demand at quoted rates. Rum, an average trade at
unaltered values. Wines of all descriptions in fair request
at full quotations. The shipments for the month to the
various Australian ports are—of wine but limited, brandy
an increase, rum a decline. Geneva and British spirits
about the same quantities as reported in September. The
demand for sherry continues fairly active, the prices of
good and fine qualities being rigidly
immature white wines
have been shipped from and via Cadiz during the last twelve
months. Consignment. of this character, coming without
any reputed brand, are no doubt forced at lower rates than
could be possible in those came where a shipper has his re-
putation at stake, and which would suffer materially if any
wine known to be his bad proved unsound, while no the
other hand no responsibility is incurred where shipments
ate made for present sale, without remedy in cam of future
deterioration. It is to bi feared that mixtures possessing
DODO of the characteristics of real sherry and their way into
this market under cover of direct imp ortatioes from Cadiz.

SATURDAY EVIUMIG.
Commie, which closed yesterday at 94 to for
6th November, opened and closed to-day' to
I. For money the Lai price was 93i, " buyers."