The Express.
London, England, 1862-10-24 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'CLoci.

The funds have been rather weaker to-day.
After declining per oent. prices are now quoted I
lower than yesterday afternoon. English railway
stocks, in several cases, have likewise given way.
As regards foreign securities, the only feature of in-
terest is a further decline in Turkish Consolidis.

At Paris to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Recites opened at
72fr. lbc., and after touching 72fr. 20c., were last
quoted 721 r. 7e., or i per cent. higher than they
closed yesterday.

Consols are now quoted 931 to I both for
money and the 6th November. The official busi-
ness report is as follows :—Three per Cent.
Console, for money, 931, ; ditto for
account, 931 ; Three per Cents. Reduced,
92i, 92; New Three per Cents., 92, 1;
Red Sea Telegraph, 211 ; Bank Stock,
236; India Five per Cent. stock, 1091,
; ditto, for account, 109 k ; ditto Bonds, 325.,
295. prem. ; Five per Cent. " enlaced" rupee
paper, 1051 ; Exchequer Bills, Juno, 19s. prem.;
ditto, March, 20s. prem.

The foreign stock market is rather quiet. Atten-
tion has been chiefly directed to Turkish securities,
In the morning there was an increased demand for
the scrip of the new Turkish Loan, which was
dealt in as high as 11 prem. ; the present quotation
is 1 to 11 press., being barely so good as at
the close yesterday. The Loan of 1858 is
fairly supported, at 70} to;, while the Consolides
are heavy, and have fallen to 38 to 1. Russian
scrip is quoted 11 to 2 prem. ; Venezuelan scrip,
3 to 3i prem. ; Portuguese scrip, 21 to
3 prem. ; and Peruvian scrip, 11 to
die. Italian Five per Cents. are firm.
Transactions are recorded as follows :—Chilian
Three per Cents., 78 ; ditto Four-and-a-Half per
Cents., 85} ; Egyptian Seven per Cents., 901, 91, 901;
ditto second issue, paid-up scrip, 90, 891 ; Italian
Five per Cents., 721 ; Mexican Three per
Cents., for account, 331 ; New Grand►, ex
overdue Coupons and hectares, 101 ; Peru-
vian A Scrip, 11 dia. ; Portuguese Three
per Cents., 1853, for account, 471 ; ditto
scrip, 21 prem. ; ditto, paid-up, 461 ; Russian
Four-and-a-Ralf per Cents., 93 ; ditto scrip, 2, 11
prem.; ditto paid-up, 951, 1 ; Sardinian Five per
Cents., 831, 84 ; Spanish ditto New Deferred,
Three per Ceuta., for account, 46} ; ditto
Passive, 211, 22 ; Turkish Six per Cents., 1858,
for account, 701, 1, ; ditto scrip, I, I, it
prem. ; ditto paid-op, 691, 1, 69, 1 ; ditto
Guaranteed Four per Cents., 1021 ; Venezuela
Three per Cents., for account, 291, 1 ; ditto One-
and-a-Half per Cents., 141._

'Dui }inform Pun Two.

Consols are now flatter, at 93/1 to I, both for
money and the 6th of November, and 931 to i for
the December settlement.

The principal feature in the Stack Exchange yes-
terday was an advance in the Anglo-Turkish Loans
of 1858 and 1862. The price of the latter of course
includes the proportion of accrued dividend due in
January. In that month there will also be a draw-
ing of the Bonds of 1862 for redemption at 100,
while in the case of the Loan of 1858 the drawing
takes place about a month sooner—namely, in De-
cember. The anticipation of these events seems to
have contributed to the purchases which have been
in progress for account of the public during the last
few days.
A notice from the Ecuatorian Commission of
Agency intimates that ou the occasion of the pay-
ment of the half-yearly dividend already advertised
as receivable by the bondholders on the 31st inst.,
there will at the same time be issued to the holders
of the coupons which became due on the Ist No-
vember, 1861, certificates representing the amount
recoverable from the estate of Gutierrez and Co. of
Guayaquil. This is in accordance with a resolu-
tion passed at the meeting of bondholders on the
Bth July last.
About 62,000/. in gold of various kinds was with-
drawn from the Bank yesterday for exportation.
The first sitting in the case of Mr. Z. C. Pearson,
shipowner' of Loudon and Hull, took place in the
Court of Bankruptcy yesterday. It was explained
that there is a very strong feeling in favour of
winding up the estate out of the court, but the
creditors, before agreeing to that course, await the
report of a committee of investigation, just ap-
pointed. Under these circumstances it was agreed
that the sitting for choice of assignees be adjourned
till the 11th of November.

The Great Western Railway traffic return shows
dis week an increase of 2,9681. over last year ; the
Lancashire and Yorkshire, a decrease of 2,942/. ;
the Midland, a decrease of 4881. ' • the Great
Northern, a decrease of 7171. ; the North Eastern,
an increase of 1,3401. ; the Manchester, Sheffield,
and Lincolnshire, a decrease of 1,8871. ; the North
British, an increase of 1811. ; and the Great
Eastern, an increase of 444/.
At the half-yearly meeting yesterday of the Orien-
tal Bank Corporation it was announced that the
re dictors have orderedi the payment of an interim
dividend of 1!. Gs. per share, and a bonus of 108.,
together 11. 15s. per share, being at the rate of
14 per cent. per annum, for the half-year ended 30th
June last.

At the half-yearly meeting of the Globe Insur-
ance Company, held yesterday at the offices in;Corn-
hill, Mr. Sheffield Neave in the chair, Mr. Win.
Dent in the deputy chair, it was announced that
arrangements are far advanced for the union of the
Globe with the Liverpool and London, which was
established in 1836, and is one of the largest and
most successful of the insurance companies. The
arrangements adopted are officially described as
follows :—The business of the united companies
will be carried on in the premises in Coruhill, under
the management of the combined boards, and all
arrangements as regards agents, dzc., will be care-
fully maintained. The advantages proposed by this
union are stated to be " the great saving in working
expenses in two offices of such magnitude, and still
more the improved results to arise from the greater
extent and more diversified nature of the consoli-
dated fire, life, and annuity business." The pro-
prietors of the Globe will have the option of taking
stock in the united company or of receiving fixed
annuities without partnership, at rates " which
will give an addition of one-fifth to their present
dividend." There will also be available for division
among them "certain surplus funds." The united
company will be one of the largest institutions in
in existence.

The Bank of New Zealand have lately established
a branch in London, and it is announced that the
business hitherto conducted by the Oriental Bank
Corporation on their behalf is now transferred to
their own offices, at 50, Old Broad-street. The
first report of this bank was highly satisfactory.
Since then a considerable accession of business has
taken place throughout the colony. The general
government of New Zealand and several provincial
governments have transferred their accounts to this
bank. A limited number of shares has been dis-
posed of in London.
At the recent meeting of the Commercial Cu
Light and Coke Company a very satisfactory report
was presented to the proprietors, and a dividend at
the rate of 10 per cent. per annum declared.
It appears that the new chairman of the City
Bank is Mr. Peter Bell, of the firm of Scott, Bell,
and Co., Sir R. W. Carden having resigned.
There have been a good many purchases of the
shares of the Imperial Continental Gas Company—
an association which supplies various continental
towns—and the price has advanced from EA to about
64 within the last few days.
It appears that the telegraphic communication
with Constantinople is not interrupted, but is now
working with regularity.
The colonial wool sales are fixed to commence on
' Thursday, the 13th November. The fresh im-
portations up to the present date, since the begin-