The Express.
London, England, 1862-03-07 00:00:00

MONEY MARKET.-(THIS DAL)

Two o'CLocx.
The funds remain stationary in price, with
little business. No impulse has been given by
the announcement of the arrival of a large
amount of Australian gold. The English railway
market has been animated, but is now quieter. In

__ign stocks there is no revival of business.
At Paris this morning, according to Mr.
neuter's telegram, the Three per Cent. Rentes
were quoted 69fr. 90c., being rather more than
per cent better than yesterday.
Console are officially marked 031, I, and 1
for money, and 94 for the account. The
present quotations are 94 to for cash,
and 931 to I for the 10th of April.
The official business report is as follows :
Bank Stock, 240 ; Three per Cents. Reduced, 911,
921 ; New Three per Cents., 911, 921 ; India
Stock, 225 ; ditto Five per Cent. Stock, 107, 1,
1061; ditto Four per Cent. Debentures, 1864,
or 1866, 1001, 100 ; Five per Cent.
"enlaced" rupee paper, 1021, I ; ditto Five-and-a-
Half per Cent, 108, 1071; Exchequer Bills, June,
17a to 19a. prem.
The foreign stock market is quiet. Mexican
Bonds are rather weaker. Italian Five per
Cents. are likewise a little more offered.
Spanish Certificates do not recover. The Turkish
Loan of 1864 is rather better, at 85 to 1 ;
while that of 1858 is dull at 71 to I ex div.
Sales are recorded as follows :—Brazilian Four-
and-a-Half per Cents., 1860, 921; ditto, One
per Cents. (Deferred Three), 321 ; Chilian
Four-aud-a-Half per Cents., 86/ ; Italian
Five per Ceuta, 671 (exchange 25fr.); Mexican
Three per Ceuta., for account, 341, 1; Portuguese
Three per Cents., 1853, 46; Russian Five per Cents.,
991, 1, ex div. ; ditto Three per Cents, 1859, 611;
Spanish Three per Cents., 531; ditto Passive, 191, 1,
1; the Committee's Certificates, 14, ; Turkish
Six per Cents., 1854, for account, 841, ;
ditto Six per Cents., 1858, 711 ; ditto for account,
713,1, ex div. ; ditto 1001. Bonds, 721, 73, 74.
The arrival of three ships from Melbourne is
announced to-day. The Monarch has brought
170,0001. ; the Southampton, 199,0001. ; and the
Indemnity, 50,0001. The total is 419,0001.
An instalment of 20 per cent falls due on the
Moorish Loan of 426,0001. on Monday next.
The Queen of the Nations has reached Deal
from Melbourne with 133,0001. in gold. The 96,0001.
Australian by the Lightning has been taken to be
refined. There is now about 700,0001. in specie
and bullion, principally from the West Indies,
Mexico and Australia, to be disposed of. The
demand for gold for exportation has slackened.
Ten guineas was paid yesterday at Lloyd's to effect
fresh insurances on the steamer City of Baltimore,
from New York, which is about a week overdue.
The Liverpool cotton market yesterday was again
irregular, and prices were quoted about Id. per lb.
lower than on Friday. The transactions were
only 2,500 bales.
The subjoined circular has been issued with
reference to the failure of Sir Henry and Edward
Muggeridge, corn factors. Their liabilities are now
estimated at from 150,0001. to 170,0001., of which
unsecured commitments represent 46,0001. or
50,0001., mortgagee 40,0001. to 50,0001., and the
claims of trust creditors about 70,0001. The assets
consist mostly of stock and book debts, and it is
feared the liquidation will be a very unfavourable
one.

I exceedingly regret to inform you that my firm of H.
sad E. Moggeridge has been obliged to suspend payment.
I have, with the concurrence of the principal creditors,
placed the books of the firm in the hands of !dews. Cole-
man, Tunpand, Youngs, and 00., who will forthwith pee-
pers a statement of affairs to be kid before the =editors for
their cousideration at a inseam of which due notice will be
given. In the meanwhile, I most ask your kind forbear-
soine.—l am, yours faithfully, HEW NUOQUIDOZ.
1, Heriatreet, Mark-lane, E.C., Mardi 6,1862.
The Eastern Counties Railway traffic return
shows this week an increase of 1811. ; the North
Easteen a decrease of 2,9281 ; the Miland a de-
Mew d 2,7341.; the Great Northern a decrease of
; the Manchester, Sheffield, and Lincoln-
iite decrease of 1,6581. ; the Great Western
an increase of 8771. ; and the London and South
Western an increase of 5921.
A general meeting of the Atlantic Royal Mail
Steam Navigation Company is called for the 24th
instant.
The directors of the Universal Marine Insurance
Company have issued a disastrous report. It is to
the following effect :
In submitting this report and the accompanying statement
of amounts for the year ending the 31st December, 1881,
the directors cannot but express their deep regret at the
unfavourable result of the peat year. They still, however,
feel warranted in expresong confidence m the ultimate
mucous of the compaoy, for, independently of the considera-
tions which led to ike formation of the company, and
which still remain is fell force, it is their conviction that
the losses they have todeplore have been to some extent
esoeptional, while the elements of future success have been
developed and are undeniable. The disasters in the Baltic
trode in the years 1860 and 1861 have been unpreor
dented, and the destruction of ships and cargoes by
fire hoe also been of unusual extent. The analysis
of the company's operations shows that slim its'
commotion:est 1,038 accounts have been opened,
a very large proportion of which has proved profitable.
The directors have associated with them Mr. Samuel
Harper, of Lloyd's, whose high character sod experience
eminently qualify him for that supervision of the under-
writing department which has been entrusted to end under-
taken by him. Having ascertained, therefore, the canoes
which have led to the exceptional Imes of the past, and
taken steps to avoid them so far as possible for the future,
the directors submit that the valuable connexion secured
affords good reason for that confidence in the ultimate
Noma of the company which they have already referred
to, and which they trust will be entertained by the share.
holders. The amount of risks outstanding on the 31st
December, 1861, was 4,600,0001. The directors do not pro-
pose to recommend the payment of any interest for the
past year. Mr. Johnson, one of your auditors, having re-
signed his appointment in consequence of ill health, the
appointment of his successor is vested in the shareholders.
By the provisions of the deed of settlement three of your
directors, namely, Mr. G. F. Young, Mr. M. Osborne, and
Mr. A. Ricardo, retire from office by rotation, but being
elble, offer themselves for re-election.
It is announced that the Metropolitan and Provin-
cial Bank (Limited) have taken premises at No. 76,
Coenhill, and will commence business as soon as
the necessary alterations are complete.
The first annual general meeting of the Canadian
Land and Emigration Company was held yesterday.
The directors have completed the purchase of ten
townships from the Canadian government, at 2s. Id.
per etre, with the privilege of exchanging one or
two of them, if desired. The quantity of land
available in the ten townships for agricultural pur-
New is 174,000 acres, and there are, in addition,
60,000 acres of water, consisting mostly of large
lakes and branches of rivers, and about 226,000
acme of swamp and rocky ground. By the terms
of purchase, as settled with the local government,
it was agreed that the company were not to pay
for land covered with lakes, flyers, or swamps, and
thit certain allowances were to be made for roads,
&c. The agent of the company in Canada, who
had surveyed the land, speaks very highly of
the prospects of the undertaking. The report was
adopted.
The Dom:nail has arrived from China with
943,400 lbs. of ten.
The return of the Bank of England for the week
ending March 6, compared with that for the pre-
vious week, shows the following changes :
Circulation home £10,472,645 Decrease £27,435
Circulation active
Public deposits 6,755,287 Increase 992,438
Other deposits 13,737,507 Decrease 1,202,235
Government securities in
I banking departossat
Other securikee in Oinking
depsrinseut
Coin and bullion in both
departments 15,673,898 Decrease 75,167
Seven day and other bills 686,296 Decrease 2,779
The Rod
Notes in noires 8,941,693 Decrease 510,746
Total reserve Cootie koala)
is basking department 9,792.948 Decrease 568,477
As the government balance iu the Bank increases
the private deposits decline. There is also a better