The Express.
London, England, 1858-08-31 00:00:00

LOCAL MLLES MA21128.

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Waders. 50i- MEM. NM di'
Pass mas sm. AVOW, 89.--The dodos pram I. tals :oar
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=airt €3las. iiv itessisokS 19t. prima.

Srnce ISLAND. The appointment of government
, worth 3001, a year, has become vacant through the
Inspector
death of Major Atkins, at his country reams, at
Warps* on the evening of the 20th.
AMERICAN MAILS.—The Vigo (belonging to the
New York and Philadelphia SteemiMp Company) sells to-
morrow (Wednesday), from the Moray, for New York, with
• ship's mail. Letters will be reesived at the Liverpool
Post-ofilce until 10.15 a.m., with late fees until 10.30, and on
the Midi's-stage until 11. The Perth, for New Mirk, sells
on Saturday.
WRITING AND READING.—Ah, how easy it is to
read what It wee so Moult to write! There Is all the dif-
femme* between running down from Loud= to Manchester
by the railway after it has been wide, and of naklna the
railway from London to Manchester. Ton, my Intelligent
reader, who begin to read a chapter of Mr. Fronde's eloquent
" History,"' and get on with it so fluently, are like the rang
old gentleman, travelling-capped, rallway-rurged,
coated, and plaided, who leans back In the corner of the-
ssaftly-eueltionel carriage as it flits over Chat-noes; whale
the writer of the chapter Is like George Stephenson, toiling
month after month to make the track along which you speed,
tithe km of difficulties end disooanigamente which you
never think of. And so I say it may sometimes be somewhat
easy end pleasant to write, bat never so easy
and Vienne as it is not to write. The odd
thing, too, about the work of the pen is this: that
it la often done best by the men who like It least and shrink
from It moat, sad that it is often the mad laborious writing
along which the reader's mind glides most easily and plea-
surably. It is not so brother matters. As the general rule,
no
man does well the work which he dislikes. No man-will
be • good preacher who dislikes preaching. No man will be
a good anatomiet who hates dissenting. Sir Charles Napier,
It must be confessed, was a great soldier, though he hated
4144 ; and as for writ*, some men have been the best
writers who hated writing, sad who would never have penned
• line but under the proem of seesseoy.—Naser's .111498-
sky for September.

MONEY MARIIIII-THIS LAI.

Two oNtoox.
The funds to-day aresteady, at yesterday's closing
quotations, with little business.

_
The government broker has made his usual invest-
ment. In the market for English railway stocks
some heaviness prevails. _ _

Consols are quiet, at 961 to 1 for money and the
7th September, and 961 for the October settlement.
The Three per Cents. Reduced have been dealt
in at 97/ to 971; the New Three per Cents., at
97/ to f ; the New Two-and-a-Half per Cents.,
at 801; Bank Stock, at 2281; India Four per
Cent. Debentures (first imam), at 981 to
981; ditto, scrip of the second issue, at 971 to i ;
India Bonds, at fie. prem. ; Exchequer Bills,
March, at 325. to &Is. Fem. ; ditto, June, at 225.
to 21is. prem. ; and Exchequer Bonds, 1839, at 1001
to 1. _ _

The Old Turkish Six per Cents. are to-day better,
being quoted 96 to;. Other foreign stocks are well
supported, with little business. Sales are recorded
as follows :—Dutch Two-and-a-Half per Cents.,
86, 651 (exchange 128.); ditto, Four per Cent. Cer-
tiflcat 1011 ; Mexican Three per Cent.., 21} ;
Peruvian Four-and-a-Half per Cent. Dollar Bonds,
78, 78} (exchange 45.); Portuguese Three per
Cents., 1853, 48; Russian Five per Cents., 113} ;
Turkish Six per Cents., 941, 951; ditto for account
(Sept. 16), 961, 95j; ditto Guaranteed Four per
Cents., 1041.

have again taken place
to-day in the scrip of the new Turkish loan, which
is now quoted I to I prem.

At Paris to-day (Tuesday), according to Mr.
Reuterie telegram, the Three per Cent. Rentes
opened at 70fr. 900. for the account, showing a
further favourable movement of nearly f per cent.
compared with the last quotation of yesterday.

The advices from Melbourne mention the sail-
ing for England of the ships Sultana, Sup-
ply, and Ocean Chief, with 168,086 ounces
of gold, worth about 672,3001. Including the
quantities still at sea on board the Eagle,
Hougoumont, and Avon, besides the 63,0001. coming
to Southampton by the Teviot, • total of no less
than 1,391,0001. in Australian gold is known to be
actually on the way to this country, of which a con- 1
siderable portion may be considered overdue.
In the discount market yesterday there was a rather
brisk demand for money, the rate for first-class bills
being 2j per cent., but at the Bank business re-
m•ins very dull. •
The amount of gold sent into the Bank yesterday
was 81,0001., making an ascertained total of 224,0001.
since the date of the last return. A portion of the
formersumeonsistedof gold broughtby the Persia from
New York. It appears that the telegrams received
from Liverpool on Saturday afternoon were erro-
neous, and that this vessel has brought 139,0001. in
specie. Of this amount about 90,0001. reached
London yesterday, and 20,0001., consisting of Ameri-
can eagles, was taken for the continent
A belief is expressed in well-informed quarters
that, of the Turkish loan of five millions, only about
one-half—or, say, some two millions sterliog—will
be remitted in gold to Constantinople. The specu-
lative paper lately drawn upon this country with a
view to influence the exchanges will tend to
diminish the payments in hard cash. As it is rea-
sonably believed that about a million of gold will be
' sent into the Bank within the next two or three
weeks, inclusive of the three quarters of a million now
due, or overdue, from Australia, the obliga-
tion of transmitting a couple of millions
of specie to Turkey during the next four
months need not excite the least apprehension
of a disturbance of the money market. the prospect
of the stimulus which will be given to our com-
mercial interchanges in Turkey, as well as to the
introduction of British capital for a variety of useful
purposes, assuming that the regeneration of the
financial system of the empire is accomplished, will
scarcely have much weight in the calculations of the
subscribers, although it constitutes the feature
which, more than any other, rivets public attention
upon the operation now in progress. It is of some
importance to remark that the sum of fin mil-
lions now asked is calculated to be fully ade-
quate for the restoration of the currency,
so that no further loan can be demanded
for this specific purpose. We believe it is chiefly
owing to the earnest desire of the Ottoman govern-
ment to see this object accomplished as speedily as
possible, that so short a period is allowed to the sub-
scribers to the first issue to signify their desire to
take up the second issue. A " call "of the remain-
ing two-thirds would bo valuable, if extending over
six or twelve months, instead of only one month;
but this delay would not accord with the financial
objects which the government are earnestly pur-
suing.
The following circular has been forwarded to
their shareholders by the Ottoman Bank, who, in
conjunction with Messrs. Dent, Palmer, and Co.,
have taken the new loan, and who are now engaged
in forming a subscription list : . .

Sir,—l am instructed. to enclose a prospectus, issued this
day, of an Imperial Ottoman Lose, in the negotiation of
which this bank takes part. In addition to the increased
impetus which the loan must directly and indirectly give to
the business of the bank, Its importance, specially destined
as it is to the redemption of the inconvertible paper currency
of Constantinople, is so paramount u to halm,e the direc-
tors to all the special attention of the shareholders to the
operation. Should you desire an allotment of stock, you are
requested to forward the application to me as early as pos-
sible, in order that your name may be pima an the bank list
of subsoribers.—l am, sir, your very obedient servant,
(Signed) EDWD. GILBERTSON, Secretary.

The corn market is still without variation.
A telegram announces the arrival at Lisbon, from
the Brazils, of the mail steamer Tyne, with 101,7391.
in specie and 62,3781. in diamonds. She is expected
at Southampton in three or four days.
It is anticipated that the Teviot will arrive at
Southampton about the 9th prox., with the 33,0841.
in Australian gold, ex the Emen, and the heavy por-
tion of the Australian mails. The light portion, by
way of Marseilles, will probably be distributed in
London at the end of the week.
Advice. received vid New York mention that the
mail steamer sailed from Vera Cruz for Havana on
the 4th August, with 14,2001. in silver.
The steamers Indus and Veotis left Malta on
Saturday, the former for Southampton, with the
heavy portion of the homeward Calcutta and China
mail., and the latter for Marseilles, with the light
portion. On Sunday the Euxine also lett Malta, for
Marseille*, with the light portion of the mail from
Bombay. The Pere, with the mails for Calcutta
and China sent from Southampton on the 20th in-
stant, arrived at Malta on Sunday.
According to the advice@ by the Emen, the Atm-
tralian mail steamer Victoria had not arrived at
11Cing George's Sound on the 23rd alt., from Suez,
with the London mail for Australia of May. The
Australian, with the outward July mail, left Aden
on the 9th inst.

WA
legram from Coastaatinople annonnoes that
the exchange on London has fallen to 168 k to 169
piastres, and buyers of bills held aloof in the expeo•
tation of a further decline. An impression that the
prospects of Turkish finance aro brightening has
already gone abroad.
A telegram from St. Petersburg quotes the ex-
change on London almost as low as ever, viz., 3,51 to
36d. The tallow market was firm, at 156 to 167
ro. The shipments of tallow were prooeeding
with increased activity, and had reached, up to
Thursday last, 30,000 casks.
The Stock Exchange Committee have appointed
Friday, the 3rd September, a special settling day in
the scrip of the Red Sea and India Telegraph Com-
pany, with leave to be marked in the official listr.
A fall of no less than 3 per cent took place to-day
in the stook of the Grand Trunk Railway Company
of Canada, owing to the publication of an unsatis-
factory traffic return.
The Brighton Railway traftlo return shows this
week an increase of 2301. _ _