The Express.
London, England, 1860-06-28 00:00:00

11

II 10

MONEY MARKET.-J.THIS DAY.

Two o'CLowt.
The funds to-day are firmer and a recovery of it
per cent, has taken place. Little business is
going forward. The share markets are
likewise very quiet, but rather firmer than
yesterday. A further heavy fall has taken
place in the stock of the Grand Trunk Railway
Company of Canada. The settlement in the share
market is in full progress,and will be completed to-
111017011r.

At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Renton were
quoted 68.50, being rather more than 1 per
cent. lower than yeeterday, owing to " heavy rain."
Consols are officially marked 99} and t, ex
div. for the account. The present quotation
is 1;4 to $. The official business report is
as follows : Bank Stock, 229 ; Three per
Cents. Reduced, 93, 921, 931 ; New Three
per Cents., 921, 931 ; Indian Five
per Cent. Stock, 1859, 1041, ex div.
for the account ; Five per Cent. " enlaced"
rupee paper, 961, ; ditto Five-and-a-Ralf per
Cent., 102 ; Indian Four per Cent. Debentunes,
1858, 96f ; ditto, 1859, 961; India Bonds, 11s.,
125., din.

Mexican Bonds are slightly firmer, and are last
marked 21. Russian Four-and-a-Half per Cents.
have declined, having been sold as low
as 95, cum div. A recovery of about
per cent. has taken place in Turkish
bonds ; the Loan of 1854 is quoted 77 to 4, and
that of 1858 591 to 604. Sales are recorded as
follows:—Brazilian Four-and-a-Half per Cents.,
1880, 872, 88 ; Dutch Two-and-a-Half per
Cents., 66 (exchange 126.) ; Mexican Three per
Cents., 20k, 4, 21 ; Peruvian Three per Centa.,
694 ; Russian Four-and-a-Half per Cents.,
954, 95 ; Spainah Three per Cents, 494 ;
ditto Passive, 18 ; the Committee's Certificates,
; 'Turkish Six per Cents., 1854, 774 ; ditto Six
per Cents., 1858, 594, 604, 594.
The shares of the Thames and Mersey Marine
Insurance Company have improved to 14 to 11
prem.

The scrip of the New RussiairLoan remains very
dull, at (nominally) die. to it prem.
The City of Baltimore and Saxonia have arrived
from New York, with 77,500/. in specie.
No operations occurred in bullion at the Bank.
Of the 225,000/. by La Plata, from the West In-
dies, 117,0001. is gold and 108,0001. silver.
A special meeting of the Stock Exchange Com-
mittee took place yesterday, to consider a letter
wherein Messrs. Thomson, Boner, and Co., the
agents for the Russian Three per Cent. Loan of
1869 in answer to the request of the committee,
explain the grounds upon which they informed the
Stock Exchange last year that the whole of that loan
had been placed. These grounds, if we are rightly
informed, were, firstly, an official notification in
tho St. Petersburg Gazette, and, secondly, a letter
addressed to Messrs. Thomson, Boner, and Co., by
the Russian Minister of Finance. The committee
communicated again with Mews. Thomson, Boner,
and Co., yesterday afternoon, requesting to be
furnished with copies of the documents referred to.
The inquiry is one of rather a serious character, as
the recognition by the Stock Exchange of any fresh
Russian securities is oontingent upon the adher-
ence of the government to a course of perfect
good faith.
The Vienna Bourse during the last day or two
has shown a drooping tendency.
Money on the Continent continues very cheap,
and within the last fortnight a reduction has oc-
curred in two or three instances. The current rates
are m follows :—Paris, 3 per cent. (bank rate, 34);
Vienna, 4 (bank, 5) ; Bertha, 3 (back, 34) ; Fraigt-
fort, 11 (bank, 2) ; Hamblin, 11 (bank, 2) ; and
Amsterdam and Brussels, 3 per cent.
. . .

Accounts from TampiCo to the 4th inst. state
that a conducta had arrived there from Zacatecas,
with more than 300,0001. in silver for England.
It is thought that the bulk of the amount will be
sent to this country rid New York, to avoid delay.
Official advises just received intimate that
the 252,000/. in specie on board the Malabar will
be saved, provided the vessel continues to hold to-
gether for some little time.
At the public sales yesterday Assam tea sold with
spirit, at an advance of Id. to 2d. per lb. The jute
offered was only partly sold, at a decline of be. to
per ton.
The Committee of the Stock Exchange have
appointed Tuesday, the 3rd July, • special
settling day in the shares of the Thames and Mer-
sey Marine Insurance Company, which are to be
quoted in the official list.
A general meeting of the City of London Brewery
Company (Limited) is called for the sth of July,
when a resolution will be submitted for converting
into stock the whole of the ordinary fully paid up
shares. At the same meeting the holders of pre-
ference shares will be required to appoint one of
their number to be an auditor. Another general
meeting will be held on the 6th of August, to con-
firm the resolution above-mentioned, and to declare
a dividend.

The annual meeting of proprietors of the Union
Bank of Australia is called for the 16th of July.
The half-yearly meeting of the East and West
India Dock Company is chlled for the 6th of July,
to elect directors and declare a dividend.

Creditors of the Borough of Macylebone Gas
Consumers Company (limited) are required to prove
their claims at the Bankruptcy Court on the 19th
of July.
The dividends are advertised on Michigan Cen-
tral Railway Six per Cent. Sterling Bonds. •

With reference to the market for American secu-
rities, Mr. E. F. Satterthwaite reports as follows :
We have very little change to note in the market in
London for American securities ; the business in them
during the past week having been of an r♦aimportant cha-
racter. The Grand Trunk, though relieved from the par
meet of interest on 3,111,500/. sterling to the (andi= go.
verement, hi unable to meet the interest on its ordinary
bonds, a result which has been long evident, so soon as the
farce of paying interest on them out of capital should cease.

The following quotations are 41. 6d. to the dollar :
Bid. Asked.
United States 6 per Cent. Coupon Bonds, 1868 96 96z coup
Ditto s.iper Cent. Coupon Bonds, 1874 92 93 „
Penns rank 5 per Cent Coupon Bonds 6B 88
Ditto YFive per Cent, Stock
Maryland 5 per cent. Sterling Bonds
Msasachusetta 5 per cent ditto
Cincinnati, Hamilton, and Dayton 7 per cent
tad' ortgsge. 1890
Detroit and Illiwaakee. 7 Per relit. DA Mort-
ATConvertible Bonds, 1876 5O 55
& OtWestern of Canada Arrangement 60 56
Illinois Central, 7 per cent., Construction, 1875. 821 831
Ditto, 6 per cent. Construction, payable In Lon-
don at 4a. 221. per dollar
Ditto, 7 per cent., Freeland, IMO 9l 92
Ditto, 100 dollar shares, 75 dollars paid 4l $0 dig.
Ditto, ditto, paid up In hill 66 60 cz int.
Ditto, Cancelled Bond Scrip 6 dollars ll If
Joliet and Northern Indiana 8 per cent, Ist
' It , 1874, guaranteed by Michigan Cen-
tralarrtelliniols Central, Jointly
Michigan Cen.l tral, 8 per cost.. ist MoutPae,
Diesel 8 (Oct.
Ditto, Ina B6 88
Ditto, sinking rand, 1822
Ditto shares, 100 dollars
Ditto Southern and Northern Indiana, 7 per
cent. Sinking Fund, 1885
New York & Erie, 7 per cent., First Mort, 1867 69 91 li
Ditto, 7 per cent., Second Mortgage, 1868 B4 86
Ditto, 7 per cent., Third Mortgage, 18811 assented 76 77 adept.
Ditto, 7 per cent., Sinking rand, 1876 ditto 44 48 IcouP
Ditto, 7 per cent., Convert. Bonds, 1862 ditto 44 48
Ditto ditto ditto 1871 ditto 44 48
Ditto shares, 100 dollars ditto.. 161 171
New York Central, 7 per cent., Bonds. 1816.... 92 96
Ditto, 6 per oent., Sinking Funtl, 1883 B6 86
Ditto, 7 per cent., Sinking Fund, 1878 94 90
Ditto shares, 100 dollars
Panama lit Mortgage, 1885 lOO 102
Ditto 2nd Mortgage, 1872 99 101
Pennsylvania, 6 per cent. let Mort. °one, 1890 87 895 coup
Ditto, 2nd Mortgage, Steriltd, convertible, 1875 91 93
Ditto sham. 60 dollars l7 30
The second call of 51. is announced on the shares
of the Eastern Bengal Railway Company, payable
in two equal instalments of 2f. 10s. each, on the
20th July and 20th October.
The London and North Western Railway traffic
return shows this week an increase of 5,6081. ; the
Great Western an increase of 3,88&. ; the Great

3.

Northern an increase of 2,693/. ; and the London
and South Weste'rn an increase of 3741.

The traffic on the 687 miles of the South-Austrian
line of the Lombardo-Venetian Railway Company
for the week ending June 16 was 32,0071, being
18,1381. less than irr the corresponding week el
1859 on the same number of miles ; and that on
the Lombardo-Venetian line 4,0011., showing an
increase of 2,0381.
It has been arranged that the monthly mail from
this country for Sydney shall be taken direct to
that! port from Suez, as hitherto, by the mail
steamers belonging to the Peninsular and Oriental
Company, instead of the service between Mel-
bonnie and Sydney being performed by inter-ooke•
nial vessels, as proposed a short time back. The
old arrangement was resumed with the mail which
left Southampton on the 20th instant, and with
to-nighy, mad via

The Vanguard and Weetburn have arrived from
Shanghae with 1,463,700 lbe. of tea and 435 bales
of silk.

WEDNEIIDAY Emmet.
Consols, which closed yesterdayat "buyers,"
ex div., for the 10th July, opened this morning
at 93i, and closed at 938 to I. The official buu-
ness report is as follows :—Three per Cent. Consuls,
for account (July 10), 931, 4ox div. ; Bank
Stock, 229 ; Three per Cents. Beduoed, 93, 4,92 i,
93 ; New Three per Cents., 93, 4,92 i, 93, 92‘ ;
Indian Five per Cent. " enfaced " rupee paper,
Mut; ditto Five-and-a-Half per Cent., 1024 ;
Five per Cent. Stock, 1859, for account,
104 ex div. ; ditto Four per Cent. Debentures,
1858,India Bonds, dia.
Exchequer Bills, which bear the inadequate
rate of interest of 24 per cent. per annum, continue
very heavy. Sales were pressed to-day as low as
2s. dis. The closing price was par to 3e. prem.
The Indian rupee paper remains very dull, with
little inquiry. The Indian Five per Celt stock of
1859 was slightly flatter, at 104 to ex div., for
the account. India Bonds were quoted lb. to

The transactions in the foreign stock market were
upon the limited scale usual of late. A fresh re-
duction of about 1 per cent, occurred in Turkish
Bonds : the Loan of 1854 closed at 261 to 771, and
that of 1858 at 5941, to 60. Mevican Bonds have
again declined, and were last marked 20f. Russian
Three per Ceats. were likewise flat.

Bank shares remain steady. Agra Bank were
marked 79i and SD. Peninsular and Oriental
Steam shares have experienced a further reduction
of 1/. There was likewise a decline in Anglo-
Mexican Mint, Australian Agricultural, and Van
Diemen's Land.

The elating quotations for the shares in new
undertakings were as follow :—Ocean Marine
Insurance, 11 to 1/ prem. ; Thames and Mersey
Marine, 1 1-16 to I'3-16 prem. ; Universal Marine
Insurance, 3-16 to 6-16 prem. • London and
Provincial Marine, 6-16 to 3-16 dis. ; London and
South African Bank, f die. to par.
Victoria Government bonds were rather more
offered to-day.

MINES.-THIS DAY.

Two o'Cux:x.

Only a limited amount of business has been
done this morning in the mining market, the
dealers being principally occupied with preparations
for the settlement. The chief transactions have
been in shares in East Basset, Wheal Grenville,
Tolcarne, East Caradon, North Downs, and Dale
mines.

Foreign and colonial mining shares are steady.
Great Northern Copper have been dealt
in at k din and par ; North Rhine Copper,
at and 1- die. ; Unarm, at 10,1 and 101 ; and
United Mexican, at 11.
From Treloweth (Jane 23) the agent writes Coles
engine shaft sinking below the 124 is now yielding 8 tens
copper ore per fathom, worth 361. per fathom ; the 124
mat of Cole's engine shaft, 6 tons copper ore per fathom,
worth 25/. per fathom ; the 124 end west of Cole's engine
shaft on south part 1 ton of are par fathom, worth 31. par
fathom ; the llti end east of Cole's engine shift 5 tons of
ore per fathom, worth 201. per fathom ; the winze sinking
below the 116 east of No. 1 snare 6 toes of ore per fathom,
worth 301. per fathom ; the dope in back of the 116 east of
Cole's engine shaft 5 tons of ore per fathom, worth 201. per
fathom ; the stope in back of the 116 west of Cole's engine
shaft 2 tons of ore per fathom, worth 141. per fathom ; the
wince sinking below the 110 east of C,ole's engine shaft 3
tons of ore per fathom, worth 201. per fathom ; and the
80 end west of Woodfall's shaft 1 ton of ore per fathom,
worth 21."

irc7ozilady Bertha Mine (June 26) the agents state :--
" The lode in the 41 west is about 2 feet wide, composed AA
istuidic, quartz, and ore, worth 4 too, or 12/. per fathom.
The lode in the 41 east is improving in appewance, being
about 5 feet wide, composed of iron, mundic, peach, rpm,
and ore, worth 1 ton per fathom, and is likely to improve.
The lode in the 30 east is hard and poor at present. The
lode in Baylv's winze in the bottom of this level, about 8
fathoms behind the end, is now about 3 feet wide, composed
of mundic, quartz, and ore, worth 10 tons, or 3IN. per
fathom. Odger's view in the bottom of this level, 14
fathoms behind the above-named wines, b communicated
with the 41. Crossman's winze in the bottom of this level,
about 4 fathoms behind the end, is now down 4 feet, where
the lode is about 6 feet wide, congaing of mundic and ore,
worth 10 tons, or 501. per fathom. Lamin's stows in the
bottom of the 20 west are worth about 12/. per fathom.
The lode in the 10 east is improving in go:airy, being now
worth 1 ton, or 8/. per fathom. We are prove-Aging well
with the dressing of ore for sampling on Friday next, when
we expect to have from 215 to TX tons.'