The Express.
London, England, 1862-02-26 00:00:00

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MONEY JMRKET.-(THIS DAI.)

Two o'Ctocit.
There is no change of importance to-day in the
funds, which are firm, at the late advance. In
the other markets attention is to some extent en-

gaged with preparations for the fortnightly set-
tlement, which have commenced this day. Several
of the English railways are better. Grand Trunk
of Canada Railway stock is likewise rising.
At Paris this morning, according to Mr.
Reuter's telegram, the Three per Cent. Rentes
opened at 70fr. 70c, being 1 per cent, better than
yesterday.
The scrip of the Moorish Loan is quoted 51 to 5}
prem.
Consols are officially marked 931, and for
money, and 94 and 1 for the account. The present
quotation is 94 to 1 both for money and the
6th tof March. The official business report
is as follows :--Three per Cents. Reduced, 931, ;
New Three per Cents., 931, 1 ; India Stock, 224 i,
226 ; ditto Five per Cent. Stock, 1071, 106} ;
ditto Four par Cent. Debentures, 1863, 100 ;
ditto 1864, 991, 103 ; ditto 1864 or
1866, 99k, 100 ; ditto Bonds, 27a. prem. ; Four
per Cent. " &Awed " rupee paper, 901; ditto Five
per Cent., 102, ; ditto Five-and-a-Half per
Cent, 108 ; Exchequer Bills, March, 22a. prem. ;
ditto advertised, 175., 20s. prem.
Turkish Bonds have advanced, but the best
prices of the morning have not been maintained to
the present hour. Tho present quotations are
851 to / for the Loan of 1854, and 751 to 1 for that
of 1858 Mexican Bonds are a little more offered.
Venezuela are heavy. Italian Five per Cents.
continue to meet with inquiry. Sales are recorded
as follows : —Brazilian Old Five per Cents., 103 ;
Chili= Four-and-a-Half per Cents., 851 ; Italian

Five per Ceuta., 68f, 4 (exchange, 251 r.) ; Mexican
Three per Cents., 344, 4 ; New Granada ex over-
du4Coupons and Hectares, 94; ditto Two per Cents.,
264 ; Peruvian Four-and-a-Half per Cents., for
account, 101 ; the Spanish Committeels Certificates,
; Turkish Six per Cents., 1854, 864, 85, f ; ditto,
for account, 854 ; ditto Six per Cents., 1858,
754, 4 ; ditto, for account, 754, 4 ; Venezuela
Three per Cents., 241, 4, 4.
In the discount market the rates for good hills
remain at 24 to 24 per cent. The demand is only
moderate, and the same is the case at the Bank of
England.
It is understood that the whole of the 1,338,0001.
of the new Italian Five per Cent. Railway Loan,
which was brought forward by Messrs. Hambro and
Son about a week ego, has been taken up.
The amount of gold bolit from the Bank yester-
day for exportation was 23,0001. The 124,000/. by
the Africa, 38,0001. by the Bavaria, and about
100,0001. by the City of Washington (which arrived
last week), all from New York, have also been taken
for the Continent.
The Ellora will take to-morrow 293,4971. in
specie, of which 220,4471. is silver and 9,2501. gold
for Bombay, 62,0001. gold for Alexandria, and
1,8001. gold for Mahe.
There was no alteration of importance yesterday
in the Foreign Exchanges. In one or two instances
the rates were, perhaps, a trifle more favourable for
this country.
Amsterdam. 3 mouths, 11.18 to 1 ; ditto, 3 days,
11.151 to 181; Rotterdam, 3 months, 11.181 to
Antwerp, 3 months, 25.40 to 21 ; Hamburg, Inc bane*,
S months, 13.71 to R Paris, 3 days, 23.121 to 171; ditto
3 months, 25.40 to 21; Pninkfort-ow.the-Maine, 3 months,
1181 to if ; Petersburg (per rouble), 3 mouths, 321 to 4 ;
Vienna, off. do., S months, 14.5 to 10; Miff* eft. So.,
3 months, 14.5 to 10; rid, 3 months, 481 to I ; Cadiz,
3 months, 481 to ; Leghorn. 3 mouths, 25.471 to 521;
Genoa, 3 months, 25.471 to 521 ; Milan, 3 months, 25.471
to 521 ; Naples, 3 mouths, 401 to 4 ; Palermo, 3 months,
1204 to 1; Messina, 3 months, l'At to 4 ; Lisbon, 90 days,
fin to Oporto. 90 days, Mt to iv
The Liverpool cotton market remains firm. The
Wei yesterday were 7,000 bales.
The bills of Messrs. Jacot, Bush, and Co., Ame-
rican commission merchants, have been returned,
but•the liabilities are understood to be limited.
The cause of their difficulties is the importation
from America of large supplies of corn and flour
upon a falling market.
The Edinburgh and Glasgow Railway dividend
is officially announced, as at the rate 44 per cent.
per annum, being the same as at the corresponding
period of last year.
The directors of the Agra and United Service
Bank (Limited) have declared a dividend at the
rate of 10 per cent. per annum for the half-year
ended 31st December last, together with a bonus of
11. per share, making a total distribution of 12 per
cent. for the year 1861.
The prospectus of the Upper Norwood Hotel
Company (Limited) is in circulation. The capital
is 500001., in shares of 51. each. The site selected
for the erection of the proposed building is stated
to be admirable, possessing the advantage of con-
tiguity to the Crystal Palace and to the railway
station. The terms of purchase are at the same
time described as " highly advantageous." There is
to be extensive accommodation, framed partly upon
the plan which is so popular in America. Amongst
the other advantages will be four acres of gardens
and pleasure grounds, beautifully laid out and
adorned by shrubberies and plantations. In con-
nexion with the hotel there is likewise to be a
hydropathic establishment and Turkish baths, con-
ducted by a physician of repute.
The annexed circular, relating to the liquidation of
the Western Bank of London, has!been issued by
Mr. F. Maynard, the accountant :
Western Bank of London, 19, Bread-street, E.C.,
London, Feb, 25, 1862.
Dear Sir —I have the pleasure to. inform you that the
remaining house at Keosiogtoe, mortgaged to the bank,
having been sold, and further debts having been recovered.
the liquidators are enabled to declare soother dividend of
21. per share, making, with the sums already returned, 431.
per share of 501. This dividend will be payable on the sth
of March next, provided your certificate of proprietorship
be left with me three days prior to that date. The liqui-
dators hope to make a further return of a few shillings per
shave, and to close the books in the month of July neat.—
I am, he FRED. MAYNARD, Public Accountant.
The seventy-fourth half-yearly meeting of the
shareholders in the General Steam Navigation
Company was held yesterday. The report of the
directors and statement of the accounts for the
year ending the 31st December last were read to
the meeting. The report was received esti adopted.
The usual dividend at the rate of 10 per cent. per
annum, and the usual bonus of two shillings and
sixpence per share, both to be payable free of in-
come-tax, were declared. Reporters for the press,
as usual, were not admitted.