The Express.
London, England, 1862-02-17 00:00:00

MONEY MARKET.-(THIS DAI.)

Two o'Ciocw.

The funds were rather fiat to-day. Consols
have declined about i per cent. In this de-
partment there is a great deficiency of busi-
ness. The chief demand is for English
railway stocks. Foreign bonds, in some
instances, have slightly given way. Brazilian and
Canadian railway shares continue in steady de-
mand.

At Paris this morning, according to Mr.
Reuter's telegram, the Three per Cent. Rentes
opened at 7lfr. 25c., being * per cent. better than
on Saturday.
The scrip of the Moorish Loan is quoted 5 to
prem.

Consols are officially marked 93, and 921
for money, and 93 for the account. The
present quotation is 921 to 93 both for cash
and the 6th of March. The official business report is
as follows :—Bank Stock, 241, 243; Three per Cents.
Reduced, 931, 1 ; New Three per Cents., 931, 1 ;
New Two-and-a-Half per Cents., 771; Thirty
Years' Annuities, 1885, 15 7-16 ; India Stock, 224,
226 ; ditto Five per Cent. Stock, 1061; Five per
Cent. " enfaced " rupee paper, 102 ; Exchequer
Bills, March, 13s. prem. ; ditto, June, 195., 158.
prem.

There is a decline of to per cent. I
to-day in Turkish Bonds ; the Loan of 1854 is
now quoted 844 to 4, and that of 1858,
75 to 4. Mexican Bonds have slightly relapsed,'aud
are last marked 341 and 35. Spanish Passive Bonds
have given way. Russian stocks continue to meet
with attention. Italian Five per Cents. and Vene-
zuel a and Equador Bonds are fairly supported, but the I!
demand generally in this department has slackened.
Sales are recorded as follows : Chilian Four-and-a-
Half per Cents., 854 ; Equador New,Conaolidated,
194 ;French Four-and-a-Half per Cent. Rentes,99fr.
50c. (exchange 25fr.) ; Italian Ave per Cents., 684,
I (exchange 25fr.) ; Mexican Three per Cents., for
account, 35, 4, 341, 35 ; Peruvian Four-and-a-Half
per Cents., 99 ; Portuguese Three per Centi, 1853,
461; Russian Five per Cents., 1011., 101, 102,
1011; ditto Three per Ceuta, 1859, 611; Sardinian
Five per Cents., 81; Spanish New Deferred
Three per Cents., 431 ; ditto Passive,
904, 1, 194; the Committee's Certificates, 74;
Turkish Six per cents., 1854, for account, 85, 844 ;
ditto Six per Cents., 1858, for account, 754, 4, 75,
; ditto 1001. bonds, 774, 76 ; Venezuela Three
per Ceuta., 251.
The withdrawals of gold from the Bank on Satur-
day comprised the rather large sum of 80,000/. in
bars and foreign coin.
The tendency of prices in the Liverpool cotton
market on Saturday was again upwards. The sales
comprised 12,000 bales.
The financial news by telegraph from Constan-
tinople is of a hopeful character. Reference is
again made to negotiations for a loan in England
and France. It would appear that the Turkish
government is determined tocarry out the financial
reforms upon which it has entered. The economies
of the Sultan point in the same direction. Con-
sidering the very moderate proportion which the
financial obligations of the government bear to its
resources, the present bondholders have every cause
to be encouraged, and it would be erroneous to de-
spair of the regeneration of the finances.
The Bankruptcy Court on Saturday ordered the
release from custody of Mr. Thomas Laurence, of
the notorious firm of Streatfeild and Co., who has
been in prison fur six months, pursuant to the
judgment of the court.
The report of the directors of the Thames and
Mersey Marine Insurance Company, to be sub-
mitted at the second ordinary general meeting on
the 26th inst., is as follows :
The directors submit the amounts and balaseenbeel et
the company made up to the 31st December, 111111, white
they trust the shareholders will concur with them is think-
ing show a satisfactory result on the first eighteen months'
working of the company. The securities held by the eon-
pray have been valued at the market price as the above
date, which exhibits them under a somewhat unfavourable
aspect, owing to the depressed price of public securities at
the time, the news of the probable settlement of the
American difficulty not leaving then reached England The
directors, when they had last the pleasure of meeting the
shareholders, did not mender it advisable, Leckie,s. tats
limited period the oompeny had then existed, to rein&
mend the payment of intend ; but the favourable poel-
two of the business, after an experienced eighteen months,
is such, that they now propose to pay interest at the rate of
5 per cent. per annum, free of income tax, for the first
eighteen mouths, ending 31st December, 1861, amounting
to Is. per share upon the paid-up capital.
The total amount of premiums received (less re-
insurances and returns) is 335,2211., the other chid
item amongst the receipts being for interest on in-
vestments 12,3571. In the expenditure, the losses
count for 163,3581., and averages, &c., for 47,9731.
The balance at the 31st Dec. last was 113,8461.
The half-yearly meeting of the Kent Coast Rail-
way Company is called for the 21st Feb., and that
of the New Brunswick and Canada Railway and
Land Company for the 28th February.
The directors of the Scottish Australian Invest-
ment Company have issued an advertisements inti-
mating that they are prepared to receive applications
for allotments of their 5 per cent. preference stock
at par. This company now possesses a reserve
fund of 9,8221. The dividends paid on the ordinary
stock since the establishment of the company have
averaged 10 per cent. per annum, and the thirty-
eighth dividend at this rate is now in course of
payment.
The Melbourne accounts state that the Empress
of the Sea sailed from Melbourne for London on
the 14th December, with a valuable cargo of wool,
tallow, gold, Az., and anchored off Port Phillip
Heads on the 19th, when the captain went on shore
to find fresh hands, some of the men on board
being found ineffective. The next morning the
ship was discovered to be on fire, and was soon
burnt to the water's edge. The passengers and the
82,5001. in gold were gut into the boats, and picked
up by a pilot schooner. The gold, however, was
not saved without some risk. The fire was believed
to have been wilfully caused by one of the crew.
With regard to the forthcoming budget, Messrs.
Joseph Travers and Sons remark as follows :
It is said that the routine beans= of parliament is likely
to be carried through with mush despatch, and that the
budget will be brought forward at an early date. Thege-
natal belief is that very few changes will be proposed. The
revenue is understood to be as prosperous as could harsher
anticipated under the peculiar conditions of the period ;
mid it is satisfactory to find a rumour generally current that
the expenses of the demonstration in the Mason and Slidell
affidr, instead ot amouuting to 4,000,000!., will not much
erased 1,000,0001. It is not anticipated, however, that
there will be any balance to admit of reductions of taxation.
There are some modifications which might be mole without
loss, and which would be of great advantage to commerce—
as in the case of the sugar duties ; but no intimations have
been given of anything being intended in that directiou.
With regard to the rates on wine under the alcoholic test,
some alterations are expected, but they will probably be of
• minor character, and not such as to bring us nearer to the
loeg-deeired uniform charge of Is. per gallon.

SATURDAY ETZNINO.
Consols, which closed yesterday at 93 to it for
the 6th of March, opened and closed to-day at
the same quotation. For money the last price
was 921 to 93. The official business report is as
follows :—Three per Cent. Consols, for money, 93,
921 ; ditto for account (March 6), 93 ; Bank
Stock, 241 ; Three per Cents. Reduced, 93#, 17 ;
New Three per Ceuta, 931, ; India Stock, 224,
226 ; ditto Five per Cent. stock, 1061, ; ditto
Bonds, 275. prem.
The India Five per Cent. Stock was steady,
at 106# to}.
Exchequer Bills rose Is., the March issue closing
at 14s. to 17a. prem., and the June at UM to
19s. prem.
Foreign stocks were generally strong. Venezuela
Bonds were in demand, and have risen to 25# to 26.
Mexican, after being marked 35}, left off # lower
than yesterday, at 36 to 1. Italian Five per
Coats. hays risen to 68# to I. Ecuador and
Spanish Passive Bonds were In renewed de-
mand. Turkish were steady : the Loan of 1864
closed at 86 to I, and that of 1868 at 714 to;.