The Express.
London, England, 1862-03-14 00:00:00

MONEY MARKET.-(THIS 1)1114

Two o'Cwox.
The funds are firm, at the recent improvement.
There is not much business going forward in this
department. This is settling day in English rail-
way stocks ; in several instances prices have given
way to the extent of lor per cent. A prominent
feature is s rise in Turkish Bonds.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentee opened at
89fr. 77c., being about the same as yesterday.
Consols are officially marked 931 and for money,
and 931 for the account. The present quotations
are 93/ to # for cash, and 931 to l for the 10th April.
The official business report is as follows :—Three
per Cents. Reduced, 92/, #, ; New Three per
Cents., 921, 1, k; Thirty Years Annuities, 1880, 13 ;
India Stock, 222, 223} ; ditto Five per Cent. stock,
1; ditto Bonds, 275. prem. ; Four per
Cent. " enlaced" rupee paper, 91 ; ditto Five per
Cent., 1021 ; Exchequer Bills, June, 191., 225.

prem.
The satisfactory character of the financial ad•
vices from Constantinople has caused a rise
of fully 1 per cent. iu the Turkish Loan of 1858,
which is now quoted 71 to 1, ex div.
The Loan of 1854 is called 814 to 1,
showing • rise of about I. Yesterday's reco-
very in Mexican Bonds is maintained. Venezuela,
Moorish, and Italian Ave per Cents. are
steady, but the scrip of the Italian Railway
Loan remains heavy, and is marked 2 dia.
Sales are recorded as follows :—ltalian Five per
Cents., 671 (exchange 25fr.) ; ditto Five per Cents.
(Maremmana Railway) Scrip, 2 dia. ; Mexican Three
per Cents., 341, ; ditto for account, 34f ;
Moorish Scrip, 5/ prem. ; Peruvian Four-and-
a-Half per Cents., for account, 98f, ex div. ;
ditto Uribarren Four-and-a-Half per Cents., 961 ;
ditto Three per Quite., for account, 86/ ; Portu-
guese Three per Cente.,lBs6, 1857, 1859, and 1860,
48 ; Spanish Passive, 19/ ; the Committee's Cer-
tificates, 61 ; Turkish Six per Cents., 1864, 86 ;
ditto, for account, 85, ft ; ditto Six per Cents.,
1858, for account, 701, 71, 701, 711, 1, ex div. ;
ditto, 1001. Bonds, 72 ; Venezuela Three per Cents.,
for account, 241.
The mails from Calcutta, China, and Australia
have reached Marseilles, and are expected to be
delivered in London on Monday morning.
The amount of Australian refined gold purchased
by the Bank yesterday was 74,0001. The Teutonic
has arrived from New York with 59,000/ in specie.
The present Australian mail announces the de-
parture for England of the Young Australia with
t 78,0001. in gold, the Alfred with 103,5001., the
Yorkshire with 51,5001, and the Omer Pasha with
81,0001., making an aggregate of 314,0001. The
Netherby with 22,0001., the Marian Moore with
33,0001., and the Result with 158,0001., previously
referred to, are also still out. The total on the way
hither is consequently 527,0001.
Messrs. Shillito Brothers, wholesale grocers, have
stopped payment, with liabilities to the amount of
25,0001., and assets expected to realise a favourable
dividend. The failure has occurred from an ex-
ceptional cause, quite apart from market opera-
tions. The house is one of the oldest in the sugar
trade. The books have been placed in the hands of
Messrs. Theodore Jones and Co., the accountants.
The Telegraph to India Company have just re-
ceived • message from Mr. Latimer Clark at Sues,
dated Wednesday, announcing the opening of a sta-
tion at Jabal Island, in the Red Sea, so that mes-
sages can now be sent to that point, to catch the
mail steamers for India, China, and Australia
(which, by the sanction of the Postmaster-General,
ere to call there), instead of being sent by telegraph
to Alexandria only. A saving of two or three
days will thus be effected in communication with
the East. The company have issued a tariff of

charges.
The Midland Railway traffic return shows this
week a decrease of 3,2091. ; the Lancashire and
Yorkshire a decrease of 4,42314 the London and
South Western an increase of 4821.; ; the North
Eastern decrease of 2,7771. ; the Manchester,
Sheffield, and Lincolnshire a decrease of 1,9301. ;
the Great Northern a decrease of 1,9291. ; and the
Great Westerns decrease of 7521.
At the meeting yesterday of the Universal Marine
Insurance Company, which had been looked for-
ward to with great interest, the directors' report
was adopted. It was agreed that a call of 11. per
share shall be made, but the time for doing so was
left at the discretion of the board. No information
was given with regard to the precise condition of
the premium account since the 31st December.
We are informed that there are now at least
60,000 barrels of oil awaiting transport over the
Atlantic and Great Western Railway.
The report of the directors of the Victoria and
Legal and Commercial Life Assurance Company,
submitted to the annual meeting yesterday, stated
that during the past year 200 new policies have
been issued, covering assurances to the extent of
126,440/., and producing in new premiums 4,9711.
A number of lives and policies having fallen in,
the amount paid was 30,255/., in which is included
1,8401. of bonuses. The surplus of the year was
21,7101,, which, carried to the general fund, in-
creases it to 362,1571. The income of the year was
66,7151., viz., from premiums, 51,0481., and from
interest, 15,6671. The assets of the company are
well and securely invested, and amount to 362,157/.
The report was received with satisfaction.
The first annual meeting of the Universal Private
Telegraph Company is called for the 28th instant.
Vice-Chance or Sir W. P. Wood proposes, on
the 28th inst., to make a call of 10s. per share ou
the contributories of the London and Penzance
Serpentine Company.
The following is Messrs. Colverwell, Brooks, and
Co.'s report of yesterday's hide sales :
At the fifth series of hide sales for the year, a fair de-
mand was experienced for East India hides, and in most
instances full prices were realised. Salted were in limited
request.
East India—Ox and Cow.--Calcutta.—ln general a fair
demand was experienced. more especially for kips of prime
quality, which were well competed for by the home trade,
and realised full prices. Other deacriptioos sold at about
previous rata. There was a fair, but not large business '
done for export. Madras, Pondicherry, &c., realised former
prices. The analysis of the sales is 172,325 Calcutta, new
parcels, 21,134 brought forward from fortormer sales,
off
14,375 Nedra', Pondicherry, &a, in all ,&34 hides, of
which 151,113 were sold.
East lodic—Buffalo were in limited request.
Leather.—East Indian was fairly competed for, at late
rates. Australian was only part sold.
Salted Hiles,—Australian were chiefly bought in, im-
porters not being disposed to accent lower pries. Those
sold were at a decline of ad. per lb. Cape sold well at
previous rates.
Dry Hides.—West Coast, all bought in. Cape, rill sold.
Drysalted Mauritius were in limited demand. Mogadoro
sold well.
Home Hides..--South American.--Salted very nearly all
posed, holders not being disposed to give way in price.
Bark.—ltimona was well competed for.
The return of the Bank of England for the week
ending March 12, compared with that for the pre-
vious week, shows the following changes :
Circulation issue
Circulation active
Public) deposits 7,527,911 Increase 772,624
Other deposits
Government securities in
banking department
Other securities m banking
department
Coin and bullion is both
departments 18,027,111 Increase 3.53,2131
Seven day and other bills 649,131 Decrease 37,165
The Rest
Notes is mem
Total reserve (notee&coin) 10,663,426 Increase 870,478
The Bank's resources have largely increased.
The government deposits have risen oousiderably,
and as this movement has not been counteracted by
that under any other head of the return, an addi-
tion of 870,4781. has been made to the reserve. The
bullion has likewise increased considerably, and
now again exceeds sixteen millions.