The Express.
London, England, 1860-10-12 00:00:00

~'~ t..lTi:~'~d,

NONNI' MAIIIIIT-THM DAY.

Two eaccs.
The rally which took place yesterday afteri
noon in the English funds Is fairly sup.i,
ported, although business is quiet. To-night'i
bank return is looked for with interest.
IThe return of the Bank of Prance, published this
morning, shows a decrease of upwards of 2,800,0001.
in the bullion, owing, no doubt, to the drain
in payment for corn. The share markets are firm,
with an upward tendency. The Main feature
of interest is a fresh rise of no less than
11 per cent. in Midland Railway stock. Lombardo-
Venetian and Grand Trunk of Canada railway
shares have likewise advanced.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Renter opened at
60fr. being I per cent. better than yesterday.
Consols are officially marked 931 and 92/
for money, and 93/ for the account. The present
quotations are 921 to 93 for cash, and 931 to / for
the Bth of Nov. The official business report is
as follows :—Bank Stock, 229, ex div.; Three
per Cents. Reduced, 911, exidiv.; New Three per
Cents., 911, 1,1, ex div. ; India Stock, 2191, 219 ;
ditto Five per Cents., 1859, 1031; ditto for
account, 1031 ; ditto Four per Cent. Debentures,
96/ ; Five per Cent. " enfaced " rupee paper,
961, ; Exchequer Bills,3s. prem.
The foreign stock market remains quiet, except
es regards Mexican Bonds, which are in good
demand, and have advanced. The last transac-
tions are at 221. Spanish and Sardinian
Bonds are firm, with a fair inquiry. Turkish re-
main dull ; the Loan of 1854 is quoted 701
to 1 ex div., and that • of 1868, 55/ to
56. Sales are recorded as follows :
Bnuilian Four-and-a-Half per Cents., 1888, 871,
88 ; Mexican Three per Cents., for account, 221, I;
Sesdinian,Five per Cents., 86 ; ditto for account,
851; Spanish Three per Cents., for account,
491 ; ditto Passive, 23 ; the Committee's
Certificates, 61 ; Turkish Six per Cents., 1854,
701, ex div. ; ditto Six per Cents., 1858,
for account, 56 ; ditto Guaranteed Four per
Ceuta, for account, 1011, 102.
The Peninsular and North African Company's
steamship Warrior has been lost off Tenerife. All
hands were saved. The vessel is fully insured.

Fova o'Cuxm.

Consols are } per cent, lower than at 2 o'clock,
being quoted 921 to i for money, and 93 to i for
the acoount. No gold had been taken from the
Bank to-day.

The demand for money was yesterday rather
pressing in all quarters. No business was done
below 4 per cent., and the applications at the Bank
were again heavy.
In the Stock Exchange the demand for money
was likewise active, and the rate for short loans on
government securities was 4 per cent., or equal to
that of the Bank.

The amount of gold withdrawn from the Bank
yesterday for exportation was no less than 400,0001.,
making a total of 620,0001. 811100 the date of the
last return. Nearly the whole of the amount taken
goes to the Bank of Madrid, which is believed
to pees it on to the Mint. It is understood
that the orders for this particular purpose have
now been completed, although it is possible that
a few additional parcels may be taken out during
the next few days for other objects. The point
wherein the money market will be chiefly affected
by these operations consists in the contraction of
the circulation. As 620,000/. in gold has been
removed from the Bank vaults and sent away, it
follows that a like amount of Bank notes, pre-
viously available for commercial requirements, has
been cancelled. The gold taken is not likely to be
speedily restored.

_
The next Bank return will not show the effect of
yesterday's withdrawal of gold, as it will be made
up to Wednesday evening.
The fortnightly settlement in shares and foreign
stooks will commence to-morrow (" continuation
day") and terminate on Tuesday.
The Kangaroo has arrived from New York with
25.115:6 01. i
in e.
Orwell, from Melbourne, with 151,5001. in
gold, is now fully due, and the Red Jacket, with
152,0001., nearly so. The former vessel has been
at sea 93 days, and the latter 85. The overdue
Australian telegram will announce the departure of
additional gold vessels for this oountry.
In the Bankruptcy Court yesterday there was an
examination meeting in the come of Mesas. Smith,
Patient, and Smith, tanners, of Bermondsey ;
also in that of Messrs. Daunt and Wilson, bill-
brokers, of Old Broad-street In each instance an
adjournment was ordered.
An influential meeting of gentlemen interested
in the welfare of India was held yesterday at the
offices of the Agra and United Service Bank, for the
purpose of considering the best preliminary steps to
be taken to resist the attempted imposition of double
income tax upon the enlaced Indian rupee paper.
Mr. R. W. Crawford, It P., presided, and there
were present several members of parliament,
General Pollock, Messrs. Joseph Somas, John
Griffith, and many other gentlemen identified with
India. The object of the movement is to impress
upon government the impolicy and injustice of
subjecting the holders to the double tax. Stress
was laid upon the tendency which the impost must
have to check the beneficial flow of English capital
to India, and to its probable evil effect upon the
negotiation of future Indian loans as well as upon
the genital credit of the Indian government. The
following resolution was unanimously adopted :
That the gentlemen present form themselves into a oom-
ndttee, with power to add to their numbs,, for the purpose
of ascertaining the legs! position of the holders of the
securities of the government of India iu reference to the
income-tax question, of collecting subscriptions towards the
expesum• morsel, and of taking such steps as they
may consider expedient for the protection of the interests
concerned.
Amongst the members of the committee formed
are Barou Rothschild (who, though not present, had
signified his cordial support of the objects of the
meeting), Mr. R. W. Crawford, M.P., etc. Un-
less government give way, the question will doubt-
less
be taken up in parliament at &nearly opportu-
sity.
There was a full meeting yesterday of the Man-
chester, Liverpool, and London boardsof directors
of the Thames and Mersey Marine Insurance Com-
pany. It passed off very satisfactorily. The success
of the company due already been eo considerable
that there is no want of funds. No call will there-
fore be made upon the shareholders unless a resolu-
tion to this effect is adopted at a general meeting,
which will be held in February.
It is dated that the directors of the Great Ship
Company will issue their report to the proprietors
to-morrow.
The half-yearly meeting of the Rut Indian Rail-
way Company is called for the 30th inst.
A project is on foot for the formation of another
Marine Insurance Company, the direction of which,
it is proposed, shall consist mainly, if not entirely,
of underwriters.
The position of the market for American securi-
ties is noticed as follows by Messrs. D. Bell, Son,
and Co. :
The market for American seetuities remains without
change of any important*. The past week has not been one
active business, but the market (more particularly
for stets stocks) Is steady, and prices finn.

The Liverpool cotton market reuutins very firm
The sake to-day amounted to 12,000 bales.
A report of yesterday's indigo sale in subjoined
flow qoalkiee of Bengal eootions inn ; other de-
sesipiloos ere without alteration. The CAI withdrawn
Lae Again tweet tms,
_1,374 chests 47 ,oaf
760 diesel were enlhdrawu, 215 awe ght fo„ gosl 37i)
chests sold. Total quantity pealed 3,022 clieNt.i, of which
I 1,831 hate been sold, 2,434.1 vnthdrawn, and 715 bought