The Express.
London, England, 1860-10-02 00:00:00

MONEY MARKEL-TJ

DAY.

Two o'CLooi.

There is still no variation in the fends, which are
steady, at yesterday's prices, with little business.
The Elwin markets are firm. In one or two in-
stances British railway stocks have im-
proved. There is also an advance in
the stocks of the Grand Trunk and Great Wes-
tern of Canada Railway Companies, owing to the
receipt of more favourable traffic returns.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Renter opened at
08fr. 70c., being Sc. better than yesterday.
Consols are officially marked 93, 1,1, and 93
for money, and 931 for the amount The
present quotations are 93 to 1 for cash, and
931 to 1 for the 11th instant. The official
business report is as follows :—lndia Five per Cent.
stuck, 1839, 1031, 1 ; ditto Four per Cent
Debentures, 1859, 94 ; ditto Bonds, ss. dbl.;
Five-and-a-Half per Cent. "enlaced " rupee paper,
102} ; Exchequer Bills, par, 3s. prem.
The transactions in the foreign stock market have
again been very scanty. Mexican bonds are in de-
mand and have improved, being last marked 221 ;
Turkish bonds are firm ; the Loan of 1854 is quoted
734 to 74, and that of 1868, 57* to 4. There are also
inquiries for Venezuela Three per Cents.
Sales are recorded as follows ;--Mexican Three
per Cents., for account, 224, 1 ; New Granada
Active, 17 ; Turkish Six per Cents., 18.-AB, for
account, 514 ; ditto Guaranteed Four per Cents.,
1014 ; Venezuela Three per Cents. for account,
231,24.
Foux o'CLocsi.
Consols have advanced, being quoted 931 to 1
for money, and 931 to for account.
The commercial demand for money yesterday
was brisk, partly in preparation for the Ch, and
31 to 31 per cent. were the lowest terms for choice
bills. The applications at the Bank of England
were to a fair extent.

No bullion was sold by the Bank yesterday. The
228,0001. by the Dover Castle, from Melbourne,
supplies the immediate wants of exporters. The
Bavaria, from New York, has brought 28,500/. for
England. The steamer La Plata will take 6,0001.,
principally gold, for the West Indies.
The mail steamer Magdalena, from Brazil for
Southampton, which has reached Lisbon, has only
1,8311. in specie.
The remittances of specie by the Calcutta and
China steamer of the 4th instant will be limited,
exporters preferring to await the delivery in the
market of the great supply by the last Mexican
packet.
According to private letters from Vera Cruz,
another conducts was shortly expected to arrive
from the city of Mexico with about two millions of
dollars, or 400,0001., in specie. This sum may
come forward by the next Mexican packet. In it
will probably be included the money belonging to
the bondholders which has so long been detained in
the city of Mexico. Further sdvioes are awaited
with much impatience by the persous interested.
Means. &thew and Co., Greek merchants, of
Manchester, have stopped payment, with liabilities
amounting, according to one statement, to 80,0001.,
but according to another to only 30,0001. Most of
the creditors are secured, and the liquidation is not
expected to turn out unfavourably. The firm are
shippers of Manchester goods to Turkey and
Peram, whence they import silk. They have an
establishment in the latter country.
It is officially announced that the interest cou-
pons which fell due yesterday on the Second Pre-
ference and other Debentures of the Grand Trunk
Railway Company of Canada will not be paid, the
company not possessing the requisite fun(U. Their
default has produced a feeling of grievous disap-
pointment. The price of the Second Preference
Debentures in the afternoon was 60 to 65. They
were placed on the market by the company as re-
cently as May last at 80, and the coupon due yester-
day is the first one.
Arrangements have just been completed for au
amalgamation of the Albert Life Assurance and
Guarantee Company and the Medical, Invalid, and
General Life Assurance Society. It is accordingly
announced that the business of the two ampanies
will henceforth be carried on under the title of the
Albert and Medical Life Assurance Company. The
directors, as well as Messrs. Singer and Tait,
together with some of the other principal officers of
the Medical Company, will continue to hold office
in the amalgamated undertaking. The second ex-
traordinary meeting of proprietors of the Medical
Company, called to confirm the arrangement, was
held on the 21st ult., when it was re-
solved, " That, in the opinion of the share-
holders, the directors should present Mr.
Sadler the solicitor of the company, with
a substantial reougnition of his valuable services."
The accumulated fund of the associated companies
now exceeds 500,0001. ; the subscribed capital is
447,1801. ; the paid-up capital is 137,000!. ; the
annual income from life premiums is upwards of
220,0001. ; and the new business is stated to be
progressing at the rate of more than 25,0001. per
annum.

The committee of the Stock Exchange have ap-
pointed Friday, the sth October, a special settling
day in the shares of the Bahia Gas Company
(Limited), which are to be marked in the official
list. The committee have also ordered the Western
Extension shares A and B of the London, Chat-
ham and Dover Railway Company to be officially
quoted.
The Brighton Railway traffic return shows this
week a decrease of 1051., and the South Eastern a
decrease of 9501..

The traffic return of the Great Western Railway
of Canada for the week ending Sept. 14 shows an
increase of 2,6451. sterling over last year.
The sixth dividend, being 5 per cent for the year
ending the 31st August, is announced as payable
on the 9th inst. on the preference shares in the
Norwegian Trunk Railway Company.
The half-yearly meeting of the West Flanders
Railway Company is called for the 96th Oct.
The Invincible has arrived from China with
746,800 lbs. of tea.
Letters from Mexico mention that a most violent
gale raged in the Gulf on the 15th September, and
that several vessels were driven ashore, and im-
mense damage done.

IioNsAT Swamps.

Console, which closed on Saturday at P 34,
"buyers,' for the 11th October, opened this
morning at 934 to 4, and closed at 934, just
" buyers." For money the last price was 93 to 4.
The official business report is as follows :—Three
per Cent. Consols, for money, 93, 4 ; ditto for
account (Oct. 11), 934 ; India Five per Cent.
Stock? 1859, 1034, 1 4 ; ditto Bonds, 65., 5e., Is.,
2s. die. ; Five per Cent., "enlaced," rupee paper,
96ticlian government securities were quiet. The
Indian Five per Cont. Stock of 1859 was quoted
102it4 ;s and Exchequer Bills, par to 3e. prem.
in the foreign stock market waa un-
usually limited, but prices generally were firm.
An improvement of Ito 4 per oent. oecurred in
Turkish : the Loan of 1854 closed at 734 to 74, and
that of 1868 at 56 to 4. There was also a recovery
of 1 per cent. in Mexican bonds, which left off at
214 to 224. Am regards other descriptions there
was no variation of importance.
Bank shares to-day were quiet. London and
South African Bank were fiat. In the miscella-
neous share market scarcely any alteration oc-
curred. Great Ship shares were slightly firmer,
at Is. 4ld. to 7a. Rest and West India Dock
stock was marked 1204.
The closing quotations for shares in new under-
takings were as follow :--Ocean Marine Inner-
mioe to 2 prem. ; Thames and MOM/ Marine,
7-16 to 1 prem. ; Univened Marine Insurance,
8-11 tot prem. ; London and Provincial Marine,
to t dim. East India Irrigation, die. to par.
The " Optional Rights" scrip of
_the Illinois
Central Railway Company has relapsed to CI to 5.