The Express.
London, England, 1866-08-13 00:00:00

MONEY MARKET.-(THIS DAY.

On o'Ousx.

The stock markets are rather firm to-day, conse-
quent as a belief that the demand of France for an
extension of territory will be adjusted without any
resort to arms. The arrival of nearly half a million
sterling in specie, a large portion of which
is expected to be sent into the Bank,
is also regarded as a favourable feature. The
funds opened at the closing quotations of Saturday,
but have since improved i per cent. Foreign
bonds and British railways are steady, but com-
mercial and financial shares are dull. American
securities are in request.

The' applications for discount to-day are some-
what limited, while the supply of money seeking
employment is large. Transactions are reported in
the best three months paper at 6} to 7 per cent.,
but the general rate is about 9. In the Stock Ex-
change short advances on English government secu-
rities are obtainable at 6 to 7 per cent.
Consols are now quoted 87} to for money,
and 881 to for the account (September 6).
Foreign stocks are quiet, and the only change in
the speculative descriptions is a reduction of * per
cent. in Mexican. Turkish Bonds of 1862 are
quoted 48 to 30 ; ditto of 1865, 261 to 27 ; Greek,
11 to ; Spanish Passive, 19} to ; ditto Certifi-
cates, 141 to )1 ; Italian of 1861, 51 to ; Brazilian
scrip, 4} to 4 die. ; and Mexican, mg
The arrival of 488,0001. in specie is announced
to-day. The Tasmania, from the West Indies, has
brought 419,000/. ; the Warrior Qaeen, from Otago,
32,0001. ; the Malta, from New York, 21,0001. ;
and the Africa, from Boston, 16,0001.
American securities are in demand, at an im-

prevenient.. 5-20 Bonds have risen 1 per cent.,
Erie Railway shares 2, and Illinois Central 1.
The present prices are as follows :-5-20 Bonds,
osg to ; Erie Railway shares, 421 to f ; and Illi-
nois Central, 751 to 77.
Anglo- American Telegraph shares are inquired for
and have advanced 55., viz. to 121 to f;. Atlantic
Telegraph are firm, at 3l to 1.
International Financial shares are quoted 2 to
11 dis. ; London Financial, 161 r to 141 dis. ;
General Credit, 2to If dia. ; Credit Foncier,
3i to 1 dia. ; and National Discount, 7 to 1
pron.

HALF-PAST THREE O'CLOt.L.
Consols arc steady, at 871 to I for money, and
Mt to c for the account.
About 136,0001. in gold has been sent into the
Bank, chiefly sovereigns from the Continent.
At Paris this morning the Three per Cent. Rentes
opened at 68.80, showing a decline of !, per cent.
Accounts from Birmingham announce the failure
of Mr. W. Bates, ironmaster, of Tunstall, with
liabilities estimated at about 100,0001., half of
which, however, is secured on the works.
The sixth report of tho committee of Spanish
Certificate holders is now ready for issue, on appli-
cation at the offices, No. 11, Austinfriars.
Subjoine4 is an extract from the London cool
China Tcb•yraph respecting the coinage of the new
Hong Kong dollar :
htoichtle
mptyuet uoir
In our last i'suo we were enabled to announce that new
and powerful machinerymachinerywas being despatched for the use
ofof tishc more Hun;ieecrfKontg Mint,
twitht
abouttlie view
which eointhh than
plaiota have been made. We are glad to be able to stato
that, in addition to this, the present mail conveys to
Captain Kinder an entirely new set of dies, nut only for
the dollar, but for the smaller coins belonginito the series,
and having had the pleasure of inspecting a set of proofs
struck from them, we can state without hesitation that
they are a groat improvement on those first sent out. The
Queen's head, which, as wo before stated, is no fancy
portrait, but an authentic likeness of her Majesty, stands
out in bold relief. The elaborate tracery on the reverse as
well as the lettering is sharp, well raised, and clearly de-
fined. and the milling of the edge is in the proofs we have
examined quite perfect. With these improved means and
appliances we have little doubt that the Hong Kong Mint
will very shortly produce a coin which, if not entirely free
from all the objections which have been urged against the
pattern, is ill at all events serve the required purpose, and
reflect no small amount of credit on these concerned in its
production.
The annexed statements respecting the new
cotton crop are from the circular of Messrs. Neill
Brothers and Co :
As regards the present growing crop (American) no
definite opinion of the probable result is worth anything
so early in the season. The crop is undoubtedly from
three to four weeks late throughout the greater part of the
country, and it is therefore peculiarly dependent on a fine
" fall, late frost, and good picking season, and it is quite
conceivable that it might yet by the reverse of all these
favourable conditions be cut down as a minimum to
1,500,000 bales, but on the other hand, such a spring as
we have hail is rarely followed by an equally bad "fall,"
and in view of the breadth of land planted, which is
greatly beyond what was generally anticipated, the fact
that the neerues are working better than even their best
friends ezp,cted, and that the weather has of late
been highly favourable, we see no reason Ito
place the maximum crop lower than 2,500,000 bales.
[ But, as it appears to us, there is no reason to apprehend
thatsupply ' even that will be beyond the world's wants
should it fortunately be secured. Since the beginning of
this year, the consumption and export of American cotton
from Liverpool alone have amounted to Z 4,000 bales per
week, although brought into competition with an eters-
sive supply of East Indian sorts, and notwithstanding the
continental war and the financial crisis which has so long
endured. Wu may therefore fairly calculate on require-
' molts of 2id:oo per week fur the next year, commencing
from Ist Nuvember next, by which time the old stock
will be reduced to a moderate compass, and the new
beginning to arrive in Liverpool. This for fifty-two weeks
would be 1,300,003 hales. The continent will probably
require -100,01;0 bales, and American spinners, north and
:. south, ,/0,000, the total amounting to 2,500,1100 bales, so
that no increase of stock of American cotton seems likely
to result from the crop of thie year. As regards ludia
little information of a special nature can yet be obtained.
But such information from India is rarely of much value.
The inferential mode of argument as applied to that
country is generally the more correct, and as the planting
season has just commenced, and prices are now greatly
below what they were at this time last year, while the un-
precedented financial distress existing, especially among
the native firma, must limit advances to the growers, it
stands to reason that the planting will be smaller.
Besides, it is well known that the increase of
this year consists in great part, if not entirely,
of the reserve held over from last season, in
consequence of the panics which occurred in the trade
in October, 1 old, and March and April, 184:5, which
prevented the usual means being sent into the interior to
move forward the crop. There is no doubt. howev,r, that
the high pikes which ruled throughout laat winter
drained the int,rior of these reserves, and both from this
cause and the smaller planting we are prepared to see a
heavy falling off in the supplies to reach this country in
11467—a falling off perhaps of 300,000 to 400,000 bales.
From Egypt, on the contrary, the advices are at present
highly favourable, and point to a larger supply for the
ensuing year th.ol ever before received. It is toohic earlh
y o
speculate on figures, as much of the damage w cut
down the last crop so lamentably occurred after this
period last year. from Brazil anct other quarters there
will probably be some inCrtilie, but there is as yet no
reason to anticipate any sufficient variation from the
supply of the present swan to materially affect the
AueAten.

SATURDAY .EVENING.
Consols, which closed yesterday at 138 k to for
the 6th of September, opened this morning at the
same quotation, and so closed. For money the
last price was an tv I. The official business report
leas follows :—Three per Cent. Consols, for money,
frgl, •2 ; ditto, for account, 88A, ; Three per Cents.
Reduced, 87, 64 ; New Three per Cents., 87, 64 ;
Bank Stock,2t6; India Five per Cent. Stock, 1034 ;
ditto Five per Cent. "enlaced" rupee paper, 991) ;
ditto Four per Cent. Bonds, 18s., 12s. prem.

COAL MARKET.—(THIS DAY.)
Walls End Hetton, 295. 6d. ; Walls End Haswell,
20s. 6d.; Walls End South Hetton, Ma. 6d. ; Walls End
Braddyls Hatton, 19s. 6d.; Walls End South Hartlepool,
195.; Walls End Haugh Hall, 19s. 6d. ; Walls End Kelloe,
196. ; Walls End Eden Main, 18s. 9d. ; Pitting ,17s 6d.;
Hastings Hartley, 17a. 9d. —Ships at market. 56 at
sea. 35.

IN I MONITOR IN THI TORRID ZoNl.—During
the late trip of the monitor Monadnock to the Pacific,
coast, when the vessel was in the torrid sone, the ther-
mometer reached the height of 145 to 150 degrees in the
fire-room, and 125 to 130 degrees in the engine-room.
This extreme heat developed several cases of active spinal
[ disease, altended with violent convulsions, but none
proved fataL —line York Times.