The Express.
London, England, 1862-02-27 00:00:00

MONEY MARKET.-(THIS DAL)

Two o'CLoce.
The funds this morning have been steady, at
yesterday's prices, with only a limited business.
The settlement in the share and foreign stock mar-
kets has formed the chief business. In foreign
stocks realisations have somewhat predominated,
but English railways in most instances are rather
better. Canadian ra"way secv-ities continue to
rise.
At Paris this morning, according to Mr.
Renter's telegram, the Three per Ceut. Renter
were quoted 70fr. 75c., showing no change.
Consols are officially marked 934 and 1 for
money, and 931 for the account. The present quota-
tion is 93] to 1 both for cash and the 6th of March.
The official business report is as follows :—Bark
Stock, 244, 243 ; Three per Cents. Reduced, 93/, ;
New Three per Cents., 931, 1 ; New Two-and-a-Half
per Cents., 771 ; India Stock, 224 ; ditto Five
per Cent. Stock, 1074, 107 ; ditto for account,
1071 ; ditto bonds, 305., 275. prom ; Five per Cent.
" sawed" rupee paper, 1024 ; ditto Five-and-a-
Half per Cent., 1071 ; Exchequer Bills, March,
advertised, 17s. to 20s. prem. ; ditto June, 225.
prem.
The foreign stock market is rather quiet. Spanish
and Venezuela Bonds remain dull. Mexican
are fairly supported. The Scrip of the Moorish
Loan is quoted 5 to 54 prem. Italian Five per
Cents. have slightly given way. There is
no variation of importance in Turkish.
Sales are recorded as follows : Chilian
Four-and-a-Half per Cents., 851 ; Dutch
Two-and-a-Half per Cents., 641 (exchange
12f1.) ; Equsdor New Consolidated, 18};
Italian Five per Cents., 68}, (exchange, 25fr.) ;
Moorish Scrip, 54, prem. ; Maxima Three per
Cents.,34l, 1 ; Spanish Three per Centa.,l3l, };ditto
New Deferred Three per Cents., 431 ; ditto Pas-
sive, 191, ; Turkish Six per Cents., 1854, 851 ;
ditto, for account, 851 ; ditto Six per Cents.,
1858, 75, 741 ; ditto, for account, 751 ; ditto 1001.
Bonds, 771, ; Venezuela Three per Cents., 241.
Tsir MINUS= Peer Two.
Consols have declined to 931 to 4, both for money
and the 6th March.
The effects of the existing dulness of trade con-
tinue traceable in the discount market, where the
demand yesterday was slack and the supply of
money heavy. It was easy to get good bills nego-
tiated at 21 per cent. At the Bank of England
business was limited.
Only 3,0001. or 4,0001. in gold was taken from
the Bank yesterday for abroad, the recent large
supplies from America having for the moment met
the wants of exporters.
Of the 1,018,0001. in Australian gold on the wayto
this country, the greater portion is now due. The
Indemnity, with 50,0001., has been at sea 105 days ;
the Monarch, with 1700001.,105 days ; the Clutha,
with 91,0001., 100 days ; the Lightning, with
98,0001., 96 days ; the Kooria Moore, with 48,0001.,
92 days ; the Scottish Chief, with 18,000 L, 91
days ; the Netherby, with 22,0001., 85 days ; the
Southampton, with 199,0001., 84 days ; the Queen
of Nations, with 133,0001., 83 days ; the Marian
Moore, with 33,0301., 74 days ; and the Result,
with 158,0001., 70 days.
The Liverpool cotton market yesterday was firm, I
with sales to the extent of 10,000 bales.
It appears from a Madrid telegram that the Cor-
rerponckneia Autogrefa has published an article
repudiating any intention on the part of the go-
vernment of Spain to do anything for the certifi-
cate holders. In explanation of the heaviness of
Spanish securities, it is stated that considerable
pressure for money has arisen in Madrid.
The London and North Western Railway traffic
return shows this week a decrease of 3,9941., and
the Lancashire and Yorkshire a decrease of 4,5701.
At the meeting of the Thames and Mersey Marine
Insurance Company, yesterday, the chairms.n, Mr.
William Dent, referred to the loss shown in the
recently published accounts as having arisen from
depreciation in the value of the company's invest-
ments at the 31st Deo. last, when the dispute with
America was still acting upon the stock markets.
He sow mentioned the satisfactory fact that not
only has that loss been since recovered, but the
company stands at a profit of 5,8001. on its invest-
malts. The published accounts showed that after
meeting all expenses and making a distribution of
3s. per share (which is equal to five per cent. per
annum interest for 18 months) a balance of
175,0001. would be left as against 6,900,0001.
of liabilities. It is now announced that of
the above liabilities three millions and a
half have run off since the 31st Dec., and
that the account is in a decidedly better position
than it was at that date. The report and accounts
were adopted unanimously, and payment of into
rest, in accordance with the directors' recommen-
dation, was authorised.
At an extraordinary meeting of the Natal Land
and Colonisation Company, held yesterday, the direc-
tors were authorised to borrow money on deben-
tures to the extent of 150,0001. It is intended to
lend the money in Natal upon the security of first
mortgagee of real property.
At the half-yearly meetingyesterday of the South-
ampton Dock Compsny, the available balance was
stated at 8,450 L , out of which a dividend at the
rate of 34 par cent. per annum was declared.
From the half-yearly report of the directors of
the Melbourne and Hobson's Bay Company we
make the following satisfactory extract :
The traffic for the past half-year shows a grow prat of
receipts over expenditure o: 24,1441. 9s. Bd., from which
amount requires to be deducted the sum of 3,5061. 17e. 34.
for interest on debentures and the 'tattiest's propmtioa et
the subsidy granted to the Bt. Kilda and Brighton Railway
Company. The surplus available for dividend will admit
of 10 par omit. per annum beiug declared, and leave a be-
lanai of 8371. 12r. sd, to be carried to the reserve fund.
The preparations yesterday for to-morrow's set-
tlement in the railway market showed again a very
limited supply of stock. Most descriptions were
wanted by the dealers for the settlement. The fol-
lowing shows the terms generally current in the

901-

..1-
:a I

107 i I

law.

sot

-
43

101

114 If
ISU

116 e e
eo I

11.1 i
M 4
all

morning :
Loudon sad North Western 1. "even" to i per cont. " mi-
stook
Midland
Lancashire and Yorkohire
wardattoo."
• " •

Great Weaken -
itto, ditto.
Eastern Counties .. i to 3-16 per cent., " con-
tinuation."
South Eastern
wardation."
Caledonian
tion."

Great Northern "even.."
Subjoined are the latest quotations of insurance,
gas, dock, and other shares, as given in the
Stock Exchange list of last evening, viz. :
Insurance.—Alliance British and Foreign, 145 to 1; ditto ,
Manse, 561; Atlas, 12 ; Commercial Union, 3 ; Globe, 961 ;
Law Fire, 41 ; London, 431 ; London :and Provincial Ma-
risa, 212 ; Mercantile Fire, 3a ; Oman Marine, 125 ;
Thames and Money Marine, 45 1 ; Celestial Marine, 25.
Gas Light sad Coke.—Banta (Limited), 165 ; City of
London, B, 71 i ; Commercial, 38 1 ; Great Central, 121 ;
Imperial, 815 81 ; London, 701 71 ; United General, 241;
Westminster Chartered, New, 39.
Dock:.-11AM and West India, 1255 1241 1251 ; London,
585 58 ; St. Katharine, 605.
Waterworka—Emt London, 1265 127 ; Southwark and
Vauxhall, 123.
LkinaL --Regent's (or London), 255.
The new Victoria Loan remains very steady at
104 f to }. Cumin Five pea Cents. rose per cent.
Other Colonial government bonds were firm.
With reference to the market for American secu-
rities, Mr. E. F. Satterthwaite reports as follows :
There continues to be a firm market in London for Ame-
rican securities, the only exception being in Illinois Central
shares, which have declined 2 dole. on the announcement
of a call of 5 dolt., payable Oth March. United States
Five per Cent. Bm4 1874,
_are in demand at 665, and Vir-
ginia Six per Cent. at 48. goitrous' Bonds of all kinds are
being steadily absorbed, and large amounts ere diSeult to
meet with. Erie Third Mortgage Bonds are 785, ea the ld
March (toupee, having advanced exactly the valise of the
coupon mince the 14th inst. Some considerable put`chaies. of
Atlantic and Great Western Seven per Cent. Convertible