The Express.
London, England, 1862-09-18 00:00:00

MONEY MARKRT.-(THI6 DAY,

Two (Mom.
The market for the English funds is quilt
to-day, and no change has occurred in quotations.
Condole are quoted precisely the same as at the class
yesterday. British railway shares exhibit leas fine-
ness. Thu Turkish Consolidea are slightly lower,
while Mexican Bonds have experienced a further

considerable improvement.
At Paris this morning, according to Mr. Raster's
telegram, the Three per Cent. Rentes opened
at 68fr.f95c., being rather more than i per cent.

better than yesterday.
Consols are now quoted 934 to 4 for money,
and 93} to for October 8. The official
business report is as follows :-Three per Cent.
Consols, for money, 934, ; Three per Ceuta. Reduced,
914, 92 ; New Three per Cents., 914, 92 ; New Two-
and-a-Half per Cents., 774 ; Thirty Years' An-
nuities, 1885, 15 1-16 ; India Five per Cent.
Stock, 1084, 1094 ; ditto, for account,
1084 ; ditto Four per Cent. Debentures,
1864, 1004 ; Five per Cent. "enticed" rupee papen
1044, 1054 ; ditto Five-and-a-Half per Cent., 112,
1114; Exchequer Bills, June, '235., 20s. prem. ;
ditto March, 20s. prem.
There is a considerable amount of business still
doing in the foreign stuck market. Turkish Coo-
solides are fractionally lower than yesterday, at 38
to t. The loan of 1854 is quoted 84} to
854, showing a fall of 1 per cent ; that of 1858,
66 to 4, being 1 per cent. lower ; and the scrip of
the new loan, 24 to 4 dig., being also I lower. Mexi-
can Bonds are in active demand, and have been dealt
in as high at 34. Venezuelan have also improved, as
well as Spanish Passive Bonds. The scrip of the
Russian Loan is now quoted 1 to It prem. ;
Venezuelan, 14 to 2 prem. ; Portuguese, 24 to
prem. ; Peruvian, 1 to Of dia. ; Egyptian, first issue,
190 to 91, ex div. ; ditto second issue, 6to 7 prem.
Transactions are recorded as follows :-Equador
New Consolidated, 18 ; Egyptian Seven per Ceuta.,
904, ex div. ; ditto, second issue, 401. paid, 64
prem., ex div. ; Italian Five per Cents., for
account, 704, 694 ; Mexican Three per Cents., for
account, 334, 34, 334; Moorish Five per Cents., 934.
Portuguese Three per Cents., 1853, for acoonnt,
461 ; ditto scrip, 151. paid, 4,4, 4 prem. ; Rus-
sian Three per Cents., 1859, 61 ; ditto, Five per
Ceuta., paid-up Scrip, 944, 4 ; Spanish Three
per Cents., for account, 544, 4, 1 ;
ditto Passive, 204, 4 ; ditto Certificates, 104 ;
Turkish Six per Cents., 1854, for account, 85 ;
ditto 1001. Bonds, 69, ex div. ; ditto Six per
Conte., 1862, scrip, 501. paid, 24, 4,3, 24 din ;
ditto paid-up scrip, 651, 4, 85, 4 ; ditto Guaran-
teed Four per Cents., 1034 ; Venezuela Three per
Cents., for account, 274, 28, 274.
Foos &Owe&
Consols are quoted 934 to 4 for money, and 93} to
4 for the account, showing no change.
An active demand for money prevailed yester-
day at hto 2 per cent. The requirements at the
Bank of England were moderate.
It is not easy toindicate the direction of a specula-
tive movement, but iris still more difficult to under-
stand why the holders of the secured Turkish stooks
can be inclined to part with their property, at any
moderate margin, with the intention of embarking
afresh in an issue of stock which is destitute of any
of the ordinary features which we have been accus-
tomed to regard as essential to the safety of the in-
vestor. The ability of Turkey to pay the dividends
on the mass of internal stock now in course of issue
depends mainly upon the success of a new financial
scheme, and upon the cessation of the complications
existing in the provinces. If these continue, the
failure of the financial system now being intro-
duced is, to a great extent, certain ; and, at
this moment, the long duration of the war in Mon-
tenegro and Servia has in all probability compro-
mised the whole of the dividend falling due for the
ensuing twelve months on the Internal debt. The
Consolides of the fourth issue bad long ranged at
from 25 to 28 per cent. in Constantinope, when the
introduction of the new issue took place in London,
and it is a fact completely unprecedented in the
history of loans, that an additional creation of stock
should have rendered the original as well as the
new creations more valuable. It is asserted that
enormous considerations have been paid here to
parties placing amounts of the new stock, and this,
if true, probably accounts for the success of the
operation.
About 50,000 sovereigns were taken from the
Bank yesterday for Portugal, on account of the
recent loan.
An instalment of 20 per cent. fell due yesterday
on the'Peruvian Loan for 5,500,0001. stock.
The corn market was dull yesterday, but no
alteration occurred in quotations.
The schoouer from St. Thomas to La Guayra, with
London mails of August 1, has been lost, but the
passengers and mails were saved, and arrived at La
IGuayra on the 23rd of August. The steamer will
in future perform the mail service between Vene-
zuela and St. Thomas in communication with the
Royal Mail steamers.
Mr. George Virtue, senior, the well-known pub-
lisher, was on Tuesday elected a director of the
United Kingdom Eledric Telegraph Company
(limited).
With reference to the market for American
sn.-uritiee, Mr. E. F. Satterthwaite reports as fol-
lows, under date last evening :
The market is Loudon for American securities has bees
very unsettled sines our last. Quotations are decidedly
lower, and in many cases purely nominal; the &wily
adverse muse has been the large and sudden advance to
exchange at New York, hence buyers hesitate to operate,
and they are not likely to act at all freely until the mum
of exchange can be more dearly estimated. At the close
there is more steadiness is Eels and Illinois shares, the
former closing buyers at 291. and the latter at 503 din

WIDIMSDAT EVZIII7O.
Consols, which closed yesterday at 931 to i for
the Bth of October, opened and cloned to-day at the
same quotation. For money the last price was 931
to 4. The official business report is as follows :
—lftwee per Cent. Consols, for Imoney, 931, 1,
; ditto, for account, 930 ; Three per Cents.
Reduced, 911, 92; New Three per Cents., 92,
911 ; Thirty Years Annuities, 1886, 15 1-16;
Bank Stock, for account, 242 ; India Five pee
Cent. Stock, 109, ; ditto Four per Cent. De-
bentures, 1863, 1011 ; ditto, 1864, 1001, 1011 ;
ditto, 1864 or 1886, 1001, 101/ ; ditto Bonds,
304. prom. ; Five per Cent. "aniseed" rupee paper,
106 k, 1041 ; ditto Five-and-a Half per Cont.,
1111, 112.
Ocean Marine Insurance shares were quoted to-
iday 101 tol prem.; Thames and Mersey Marine,
21 to prem. ; Commercial Union Assur-
awe, f dis. to par ; Universal Marine, 11 to 1
dis. ; and London and Provincial Marine, to k
dia.
I, The closing quotations for shares in new under.
takings to-day were as follows :—Bank of Rindos-
. tan, to If dia. ; Union Bank of Ireland, 2to
; Northern Railway of Buenos Ayres, j be
# prem. ; Buenos Ayrft Southern Railway, per
to I prem.: Bank of Queensland, Ito 01 dia. ; and
London and Middlesex Bank, 1 die. to par.