The Express.
London, England, 1862-07-31 00:00:00

MONEY MARKET.-(THIS DAY•)

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Two o'CLoci.

The stock markets to-day are rather heavy, and
wear a lees settled appearance. There are a number
of vague rumours, but the chief check rests
with the rapid issue of new foreign loans. The
funds, after falling per cent., are now quoted
per cent. lower than they closed yesterday. Eng-
lish railway stocks are heavy.
The scrip of the new Portuguese Loan is
quoted 31 to 3i prem. The "letters of regret"
were distributed this morning, and are very numer-
- ions.

The scrip of the new Venezuela Loan is quoted
h to 34 prem., and that of the new Peruvian
Loan (which is to be 5,500,0001. of Four-and-a-
Half per Cent. Stock at 93), 2} to 34 prem. The
prospectus of neither of the two latter loans ham
yet been issued.
At Paris, this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentee opened at
681 r. 67c., being 1-16 to per cent. better than
yesterday.
Console are officially marked 94, 4, 934, and 94}
for money, and 94 and 941 for the account The
present quotations are 94 to 4, both for cash and
the 7th of August, and 944, "buyers," for
the 4th of September. The official business
report is as follows :—Bank Stock, 239} ;
Three per Cents. Reduced, 94}, 94 ; New Three
per Ceuta., 944, 94 ; New Two-and-a-Half per
Cents., 77 ; India Five per Cant. Stock, 1084, 4 ;
ditto Four per Cent. Debentures, 1864 or 1866,
1001 ; Exchequer Bills, 26a, 25e., 28s. prem.
The principal business in the Stock Exchange
to-day has consisted of the settlement in shares
and foreign stocks, which is an extremely
heavy one, particularly in the latter department
Egyptian Scrip remains firm, 12} to 13 prem. In some
other instances, including Turkish bonds, prices are
rather lower, but generally foreign stocks are steady.
The scrip of the new Turkish Loan is quoted 3} to
34 prem., ex div. ; ditto paid up, 71 to 4, ex div. ;
and the bonds of 1858, 74} to 75. Venezuela Bonds
and Italian Five per Cents. continue in request.
Transactions; are recorded as follows :—Egyp-
tian Seven per Cents., scrip, 124, prem. ;
ditto paid-up scrip, 95}, 944, 96 ; Italian
Five per Cents., 714, 4, 724 (exchange
25fr.) ; ditto Maremmana Railway 744
ex div. ; ditto scrip, 4 pram., ex div. ;
Moorish Five per Cents., 96} ; New Granada
Deferred, ex Hectares, 24 ; Peruvian Four-and-a-
Half per Cents., for acoount,lo2} ; ditto Uribsrren
Four-and-a-Half per Cents., 97 ; ditto Three per
Cents., for account, 88 ; Portuguese Three per
Cents., 1853, for account, 47 ; Russian Four-and-
a-Half per Ceuta., 91} ; ditto Five per
Cents., 1862, scrip, prem. ; ditto
paid-up scrip, 934, I ; Sardinian Five per
Cents., for account, 841 ; Spanish Three per Ceuta.,
for account, 551 ; Turkish Six per Cents,
1858, for account, 75}, 75, ; ditto Six per Cents.,
1862, scrip, 34 pram ; ditto paid-up Scrip, 71,
ditto Guaranteed Four per Cents., 104} ; Vene-
zuela Three per Cents., for account, 281, 4.
The fall in the rates seems to have led to a
slight increase in the commercial demand for
money, but good bills were readily discounted yester-
day at 14 per cent., and occasional transactions
continued to take place as low as 14. Very little
business was done yesterday at the Bank of Eng-
land.
About 32,0001. in gold was sent into the Bank
yesterday.
The Liverpool cotton market is still advancing.
The transactions yesterday reached 10,000 bales.
The London and North Western Railway traffic
return shows this week an increase of 8,2871.
The receipts of the Grand Trunk Railway of
Canada for the week ending the 12th of July were
13,8771. sterling, being 1,6431. more than in the
corresponding week of last year.
It MI said that the unfair treatment which has
been sustained by the Madras Irrigation Company
at the hands of Sir Charles Wood will be brought
under the notice of the House of Lords to-morrow
by Lord Shaftesbury. Considering the ex-
ceedingly useful objects proposed by this under
taking, its complaint is not liMy to be allowed to
fall to the ground, as is shown, indeed, by the peti-
tion from the Cotton Supply Association recently
presented to parliament Nothing can be more
reasonable than the company's request, which is
merely that they may be permitted to raise ungua-
ranteed capital to complete the upper or Bellary
portion of their project.
In the course of a day or two the prospectus of
the Western Australian Cotton Company will make
its appearance. It is supported by many of the
leading men of the towns in the northern counties,
and by spinners of repute and position The pro-
moters have waited for most positive evidence that
cotton of a superior quality can be grown in
Western Australia. This has now been furnished.
Four acres have been planted by Captain Urquhart,
and samples of the produce have recently been re-
calved and valued at 2s. 6d. per lb. The seed was
furnished by the Cotton Supply Association. kis
satisfactory to learn that Sea Island succeeds as well
as other kinds, and that the fibre produced is re-
markable for its length, fineness, and transparency.
Labour is to be obtained fromithe Neilgherry Hills
in India, or from Shaughae.
The subjoiued memorandum is from the Madras
Railway Company :
The traffic receipts on this company's South West lime for
the month of May last amounted to 13,1381.10 s an eve, age of
3661 miles open, against 7,8864 on an &vamp of 235 miles
open in May last year, showing an inerenee of 131 i mile,. io
tW length, and 5,252/. in the receipts, which gives an m-
enus in the receipts par mile of nearly 6 per cent. upon this
extended mileage over those of the corresponding month of
list year.
The directors of the Algerian Cotton, Land, and
Irrigation Company have issued a circular of which
the following are extracts :
The directors are now able to inform the public that they
lave received from Algeria a copy of the ooncession granted
to the company, which has been approved and signed by his
Excellency the Due de Malakoff, Governor-General of
Algeria. They are happy to be able to state that this con-
cession has been granted on still more favourable terms than
those published in the original prospectus, an it confers •
right to the water in perpetuity as well as to the land. The
directors have received from the French authorities the
strongest assurances of good will on the part of the Imperial
government, and of its desire to promote the nadertsking in
every way ; they have also received the rapport of gentle-
men of great influence and position in France, some of whom
have become members of the direction, and from this union
of interest@ the best results may be anticipated. The con-
fidence of the French public in this undertaking has been
shown to such an extent, that applications for 20,000 shares
been alresdv been received, and assurances given that • still
larger number may be placed in France.
It is at the same time intimated that, a large pro-
portion of the shares in this company having been
applied for in France, the list for allotment of
shares will be closed for London on the 7th of
August, and for the country on the 9th.
The directors of the Dagenham (Thames) Dock
Company have announced that the company's bill,
increasing the capital to 300,0001 , and extending
the powers, has passed both houses of parliament,
and may be expected to receive the royal assent
within a few days, when a new prospectus will be
issued.

The directors of the Oriental Commercial Corn-
pony have made a call of Si. per share, payable on
the 15th of August, the undertaking being now in
full operation at home and abroad..
Vine-Chancellor Wood proposes on the sth
August to make a call of I/. per share on the con-
tributories in Class A of the State Fire Insurance
Company ; on the 2nd August, to make a call of
Si. per share on the contributories of the Phceniz
Life Assurance Company ; and on the 4th
August, to make a call of 21. par share
on the contributories of the English and Irish
Church and University Assurance Societ . Fur-
-1 thee, on the 9th August, Vico-Chancellor Kiadses

ley intends to make a call of 20i. per share on the
contributories of the London Audi:busty Anuresis
Company. The Court of Chancery has op=
Mr. R. P. Harding official manager of the
Widows' Fund and General Life Assurance Asso-
ciation.

The certificates for the new shares in the Oriental
Gas Company are now ready for delivery.
The last call of 2/. is to be paid on the shares is
the Bahia Gas Company by the 21st Aiwst.
The share list of the Northern Railway of
Buenos Ayres is to be closed on Saturday, and it is
stated that the capital is fully taken.
We are requested to state that no applications
for shares in the Strand Music-hall Company will
be received after Saturday next. The share list of
the Rolling Stock Company of Ireland will be closed
for London on the 7tb August, and for the country
and Ireland on the 11th. The share fist of the
Thames Express Steamboat Company will be closed
on the 9th of August.
United States Five per Cents., which only a short
time back were at 80, have fallen to 03 to Can, being
the lowest point ever touched.
With reference to the market fur American secu-
rities, Mr. E. F. Satterthwaite reports as follows :
The market for American securities in London has, sigma
our brat, bees •
irregtiler sad quotation in many races are
quite nominal. There is a goad demand for Virginia Kix
per Cent. Bonds, for Illinois Constriction Bonds, sod for
Illinois shares, at rates 000siderably above New York priors,
taking exchange into considentaco ; while& New York
Central Roods are offering at rites to pay • twat to the
shipper. There has been sons good baying of Atlantic sod
(heat Western :Seven per Con. Pint Mortgage Bose
(New York Benicia), induced by the eatidactoa7
of the works sad the high rate of interest they is eira-
sequence of the coupons being caned at Is. per dollar. A
buyer at 62 per coat. thus gets 10 par cent. interest on his
' investment.

Wsrmsenst Emmen.
Consols, which closed yesterday at 94 to i both
for money and the 7th of August, opened this
morning at the same quotation, and closed at 944
to 1. The official business report is as follows
:
Three per Cent. Consols, for money, 944, 4,k' ;
ditto for account (Aug. 7), 941, 4, ; BanStook,
240 ; Three per Cents. Reduced, 94, it 1 ;
New Three per Cents., 941, 4, ; Thirty Years
Annuities, 1885 151, 7-19 ; India Five per Cent.
stock, 1081, 4,1; ditto Four per Cent. Deben-
tures, 1883, 10 • ditto Bonds, 325. prem. ; Four
per Cent. "enlaced" rupee paper, 934 ; ditto Five
per Cent., 104,
The India Five per Cent. Stuck remains at
1084 to 109. India Bonds continue in demand, and
were purchased at 325. prem. Exchequer Bills
were arm at their advanced quotation of 25m. to
28s. prem.
The business in foreign stocks was upon an extra-
ordinary scale, notwithstanding the absorption of
attention in the settlement. In most instances the
tendency of prices was again decidedly upwards
The closing quotations for shares in new tinder.
takings to-day were as follows :—Ocean Marine
Insurance, 104 to prem. ; Thames and Mersey Ma-
rine Insurance, 21 to 1 prem. • Commercial
Union Assurance, dui. to par ; -.Caine& Marine, 14
to 01 dia. ; London and Provincial Marine, par;
Mercantile Fire, 1 13-18 to 15-18 p_rein.;
Metropolitan agon, 14 to 14 prem. ; Union
Bank of Ireland, dia. to par • Bank of 'Endow
tan, die. to par ; Irish Rolling Stock, to
prem. ; Genera Rolling Stock, to prem. ;
Thames Express Steam Boat, 4
_to 4 prem ; Mid-
dlesex Bank, to 1 prem. ; Northern Railway
of Buenos Ayres, 1 to 14 prem. ; Thames and
Humber Shipbuddintutio prem. ; Quebrada
and Railway, Land, , to prem. ; and
Bank of Queensland, to 1 prem.