The Express.
London, England, 1862-01-11 00:00:00

MONEY MARKET--(THIS DAY•)

Two o'Claar.
The funds to-day have shown firmness. After
advancing 1 per cent, Consols are now quoted the
same as they closed yesterday. All the other
markets are very quiet, but, considering the ra-
pidity of the late rise, yesterday's prices are gene-
rally well supported.
At Paris this morning, according to Mr. Ren-
ter's telegram, the Three per Cent. Renter opened
at 68fr. 50c., showing s decline of 1 per cent.
since yesterday.
Consols are officially marked 931, 1, and 1, both
for money and the account. The present quota.
tion is 931 to I. The official business report is as
follows :—Bank Stock, 238, 240 ; Three per
Cents. Reduced, 931, 93 ; New Three per Cents.,
931, k, 93 ; New Two-and-a-Half per Cents.,
773 ; India Stock, 226 ; ditto Five per Cent Stock,
1061, 1061; ditto for account, 106 ; ditto Bonds,
24e. prem. ; Five per Cent. " enfaced" rupee
paper, 991, 100 ; ditto Five-and-a-Half per Cent,
106 ; Exchequer Bills, Jane, 2L., 235., 24e. prem.
The Turkish Loan of 1854 is rather better, at 81
to 82. That of 1868 remains steady, at 71}
to 72. Mexican, Venezuela, and Spanish
Bonds are all well maintained. Sales are re-
corded as follows:—Brazilian Old Five per
Ceuta., for account, 101} ; ditto Four-and-a-Half
per Cents., 1860, 901, 91 ; Italian Five per Cents.,
631, 641, ex div. (exchange, Mfr.) ; Mexican
Three per Cents., for account, 281, 1 ; Portu-
guese Three per Cents., 1858, 1857, 1869, and
1860, for account, 461, ex div.; Sardinian Five per
Cents., for account, 78 ; Spanish Three per Cents.,
51, ex div. ; ditto for account, 511, 1,1, ex
div. ; ditto New Deferred Three per Cents.,
for account, 42 ; Turkish Six per Cents.,
1854, for amount, 811, } ; ditto Siz per Ceuta.,
1858, for account, 72, 71} ; ditto 1001. Bonds, 74 ;
Venezuela Three per Cents., for account, 231, 23.
HALF-rem Two o'Ciaae.
Consols remain quoted 931 to 1 both for money
and the account.
We learn from private letters from Paris that the
news of the release of Meaux Slidell and Mason
reached the Emperor Napoleon at a public recep-
tion at the Tuileries on the evening of Wednesday,
by telegram from Queenstown. Hie Majesty
thereupon warmly congratulated the American
Minister, as well as the American ladies who were
present, upon the arrangementnow happily effected.
At Vicuna on Thursday, the Austrian funds rose
to 1 per cent., and the exchange on London de-
e 140.50
About 40,0001. of the Australian gold by the
Lest was bought by the Bank yesterday.
The flow of specie from America to this country I
continues in moderate amounts. The City of
Washington has brought about 15,0001.
The shipments of specie by the Bombay steamer
(the Ellora) to-morrow are fully as large as was
anticipated. The total for Bombay is 302,95014
of which 282,4601. is silver and 20,5001. gold. There
is also 3,9001. in gold for Alexandria.
The continental exchanges yesterday afternoon
showed a decidedly drooping tendency. The rates
on nearly all the leading places were lower. Sub-
joined is our unionist :
Anisisiims, 3 maths, ILll3f to f ; ditto, 3 days
ILI6 so 1; Rotterdam. 3 months, 11.18( to I •
Antigen% 3 month; 36.45 to BO ; Hamburg, mu banco:
3 monthe, 13.78 to f ; Puis, 3 days, 26.17 g to 221 ; ditto,
months, 36.46 to DO; Prankfae‘on.the-Maine, 3 months,
116 to I ; Pplinshmg bur rouble), 3 maths, 32g to 1 ;
Vis ed. So., Ilmeallia, 14.35 to 46; Trieste, QM 60.;
14.36 to 46 ; Madrid, 3 months, 413 e to g ; Oaths,
3 assaties, 46g to I ; Legtiovn, months, 25.67( to 70;
GOWN 3 months, Z.67g to 70 ; Milan, 3 months, 25.67 g
to 70; Naples, 3 meaths, 39g to g ; Palermo, 3 month;
UR to 119 ; 3 months, 1181 to 119 ; 10
311 to Climrto. WSW, 31i u, Sa•
The Liverpool cotton market yesterday was firm,
but quiet. The sales comprised 12,000 bales.
Although transactions in war risks no longer
000ur at Lloyd's as regards neutral ships, it is
still required that the "free from capture" clause
be inserted in policies of insurance. American
vessels outward bound were done yesterday at
1 per cent war risk, and the same rate has been
pad on homeward voyages. There is, however,
but little business.
Forty guineas per cent. were paid at Lloyd's a
few days ago to effect fresh insurances on the ship
Mary Fry. overdue from Montreal. Intelligence
was received yesterday of the arrival of this vessel
in the Downs.
The letters from Madrid yesterday afford some par-
ticulars respecting the failure of Megan. O'Shea
and Co., the eminent bankers. The stoppage
appears to have been principally caused by large
defalcations on the part of M. Yberrola, who war
some time ago. a clerk, but of late has been
junior putter in the bank. He is stated to have
gambled to a serious extent, and there are other
features of a very discreditable character. The
matter may perhaps come before the public tri-
bunals. The disastrous state of financial
affairs in America is also supposed to have
some bearing upon the difficulties of the
firm. The liabilities are variously estimated
at from 180,0001. to 240,0001., and a very un-
favourable opinion appear* to be entertained as to
the result of the liquidation. The failure has
created great consternation at Madrid. Such was
the high opinion entertained of the firm, that the
principal members of the aristocracy there used to
deposit their jewels and other valuables with them
for safety. A meeting of the creditors was to be
held on the 7th inst.
A Calcutta telegram, dated Deo. 15, states :
" heights. Rice, 72a. 6d. ; produce market active ;
imports dull ; exchange, 2a. Old."
The monthly return of the Bank of France, as
made up to Thursday, the 9th of January,
shows the following results (the exchange taken at
25f. to the pound) :
Coin and bullion
Bills discounted lnman 2,400,000
Notes in circulstion lacrosse 1,840,000
Private dolomite
Treasury deposits
Advances on public securities Increase 30.000
This return is not a favourable one' but a large
increase in the demand for money always takes
place in France at the turn of the year.
An undertaking of considerable importance,
both to the manufacturing interest and to India,
has been brought before the public to-day under
the title of the vast India Cotton Agency Company
(Limited). This project has been in course of
formation for a considerable time past, and much
interest is dated to have been enlisted
in its favour in Manchester. It is or-
ganised upon a scale of considerable magnitude,
a capital of half a million sterling being
proposed. The board is not yet formally constituted,
but is to be selected from among the provisional
committee and subscrib ;re. The provisional com-
mittee comprises a rather numerous list of respect-
able names, for the most part practically acquainted
with India This company does not propose either
to grow or to ship ootton. Its object is, by reaps
of European agency, capital, and appliances, em-
ployed in the interior of India, to promote the ex-
port of cotton from that country in increased
quaatity and of improved quality. Its programme
is, therefore, of sufficient interest and importance,
in the present crisis in the cotton trade, to secure
for it favourable attention.
We ire officially informed that the directors of
the Union Bank of Australia have resolved upon a
dividend at the rate of 7 per cent. for the past
balf-year.
The Caledonian Railway traffic return shows this
week a decrease of 7231.
The receipts of the Grand Trunk Railway of
Canada for the week ending the 91st Deo. were
21,1401. sterling, being 8,8861. more them in the
corresponding week of last year.
We are requested to rate that the share list of
*National Marine Insurance Company will be
altipel. cm T y, the 21st inst.
4 Ore* spear statement for the week ma-
ims Woodsy bat gives the following totals,