The Express.
London, England, 1860-10-16 00:00:00

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MONEI' MARKET-THIS DA I'.
Two o'Ctot x.
The funds remain dull, at the late reduction.
The weather is remarkably wet, and exercises
a depressing influence. Very little business is
going forward. In face of the fiatuess of
Consols, however, British railway stocks have
attained a further improvement, varying
from Ito per cent. Midland and Soak Eastern
are in °bid request. The share markets generally
are firm, but business in every department of the
Stock Exchange is languid.

The usual telegrams from the Paris Bourse have
not yet come to band.

Consols are officially marked 92', 1, and 2 for
money, and 922 and for the account. Tha pre-
sent quotations are 921 to 3 fur money,
and 921 to for the Bth of Nov.
The official business report is as follows :--Three
per Cents. Reduced, 91/, ; New Three per
Cents., 911, ; India Five per Cent. Stuck,
1859, 1032, 103 ; ditto Four per Cent. De-
bentures, 1859, 96 ; ditto Bonds, par ; Five-
and-a-Half per Cent. " enfaeed " rupee paper,
1022 ; Exchequer Bills, 3s.prem., par.
Turkish stocks are heavy. A fresh decline of
to 1 per cent. bas taken place, the loan of 1854
being quoted 691 to 70ex div., and that of 1858, 541
to 56. There have been a number of transactions in
Venezuela bonds between 221 and 232. Mexican
and the other speculative stocks remain without
alteration. Salome recorded as follows :—Brazilian
Four-and-a-Half per Cents., 1858, 87; ; ditto
Feur-and-a-Half per Cents., 1860, 88, 87e ;
Mexican Three per Cents., for account, 222 ;
Portuguese Three per Cents, 1833, 431 ; ditto
Three per Coats. 1850, 18457, and 1839, 430 ;
Russian Three per Cents., 1859, 631 ; Sar-
dinian Five per Cents., 86 ; Spanish New
Deferred Throe per Cents., 40 ; ditto,
for acoount, 401 ; Turkish Six per Cents,
1854, 70, A ; ditto Six per Cents., 1858,
for account, 56, 541 ; ditto Guaranteed
Four per Ceuta., 102 ; Venezuela Three per Cents.,
fur account, 222, 23f, 221, 231 ; ditto One-and-a-
Half per Cents., 112.

Ad;rioes have been received of the departure
from Melbourne for England of the Ottawa,
Swiftaure, and Water Nymph, with 173,031 ounces
of gold, worth 006,0001.

The discount market yesterday was tight, and an
unsettled feeling was observable. Four per cent.
was the lowest rate for the best bills, and in many
quarters 4i and 5 was charged, holders of money
being desirous of protecting themselves [against the
contingency of a rise in the rate. At the Bank of
England business was brisk. The bulk of the
dividend money is now released, but the market
is liUlle the easier for it. Au exceptional move-
ment has been occasioned by preparations for some
considerable payments by certain of the railway
sosipanies. _ _

An instalment of 15 per cent. became payable
yesterday on the Russian Loan of June last.
No bullion was taken from the Bank yesterday
for exportation, the Orwell having opportunely ar-
rived from Melbourne with 151,5001., which was
immediately purchased for the Continent.
The Europa, from Boston, has brought 20,0001.
in specie. Of the 92,5001. by the Atrato, from the
West Indies, 67,5001. is silver and 25,0001. gold.
Government will send about 250,0001. iu dollars
to Hong Kong by the steamer of the 20th lust.
The Russian Minister of Finance has just made
his annual speech to the representatives of the
various imperial credit establishments. In the
course of it he made the following remarks relative
to the circumstances attending the negotiation in
London of the Russian Three per Cent Loan of
1859. It is only fair to the contractors that these
should be published. The Minister said :
The loan of 12,000,0001. sterling, contracted by the go.
ointment in Minh, 1830, with Messrs. Thomson, Bomar,
and Co., sod Magnus, awl for its ;winery object to increase
the cash reserve arguable to the tomtit-billets in circulation.
The sulaeriptiou w this luau, interrupted by the war
between Austria and France, wes resumed in August, ;
bat as is the inter, al the prices of public securities
bad experienced in all the markets of Europe an extraordi-
nary GA which made the price of issue of the bonds of tab
loan seem too high, the government, iu order to prevent
dirciation hi the price, sod consequent injury to the gust
subscribers, judged it wieldable as soon as 7,000,0001. bed
been placed, to reserve to itself the remaining balance, viz.,
11,000,0001., and closed the subscription. I meet not omit
nixie this marries to render justice to the first contractors
for that loan, who have taken all the moans in their power
to fulfil that; obligations upon the must advantageous orn-
ditimis for the public treasury.
Thu acoounta from Leeds mention that the cre-
ditors of Mr. Joe. Hartley, manufacturer, of Cal-
verley., have roceived a circular announcing his
inability t e meet his engagements. Mr. Hartley
has dune considerable trade as a country manufac-
turer. His liabilities it is rumoured will be about
12,0004
A meeting was held yesterday of the creditors of
Mr. Samuel Harris, merchant, of Leicester, trading
in partnership with Mr. Nathaniel Harris, of Mel-
bourne. The insolvent'e business has consisted
chiefly in exporting boots and shoes, clothing, kc.,
to Melbourne, where, owing to the glutted state of
the markets, they cannot be sold, except at a great
sacrifice. The principal items on the debtor side
of the balance-sheet, which is made up to the
14th ult., are the following, viz. :—To creditors
unsecured, on bills payable, 61,2791. ; to
ditto on open accounts, 8,4041. ; to Paget
and Co., 2.1,253/. ' • and to creditors secured,
16,2801. The total of liabilities expected to rank
against the estate is 05,7541. lbs. tkl. The total
waits are set down at 62,0341., of which nearly the
whole, viz., 60,0004, is expected to be derived from
the consigumesta to Australia. The total ship-
ments of goods to that quarter from August, 1858, to
September, WOO, appear to have reached 280,8581.
The house in Melbourne is in difficulties, and has sent
home a statement of its affairs made up to the 30th
of Jima last, which plata* its liabilities at 50,0001.,
and its assets at 52,0001. The Loudon accountant,
however, makes out a very different state-
ment, estimating the liabilities at 82,000/.
(of which 52,0001. is due to the London
house), and the assets at only 46,0001. The
deficiency of the colonial firm would therefore
appear to be as much as 30,0001. It wits resolved
to wind up the estate under a deed of assignment.
The directors of the Great Ship Company have
issued their expected report to the shareholders.
Many of the principal points embraced in this
document were referred to ill the Express of
yesterday. They state that the results of the
trip to America have not been so satisfaeccta
iu a pecuniary sense as they had expected.
In the absence of the American accounts
au accurate statement cannot be submittol,
but it is estimated that the receipts have been ade-
quate to the expenses, and that the company's
capital has not been trenched upon. The slirectors
congratalate the proprietors upon the fact that the
qualities of the ship have been fairly proved with-
out accident, and they anticipate that in future
voyages oweiderable reductions may be effected in
the expenses on board. They then " painfully"
draw the proprietors attention to the fact that
heavy outstanding claims, contracted by a previous
board, still remain unsettled, and that a must
unexpected one of 18,0004 presents itself in
the award of the arbitrators in the suit I
against Mr. J. Scott Russell. Against Viii
award the directors have appealed. The result
of the couferenee with the principal shareholders,
held ou the Sap inst., was a resolution " that the
ship be put iuto a state of permanent efficiency,, and
that all current expenses be forthwith readiest to
the minimum consistent with the safety and lute-
rests of the vessel." The directors intend now to
complete the ship in fultihnent of the requirements
of the Board of Trade, and to lay new decks. Tins
will probably involve an outlay of about 15,0001.
Should any portion of the award in Mr. Russell's
case be Made good against the company, it will le

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beeessitry to °Maio additional capital. TLe report
concludes by remarking, however, "that the pro-
prietors wilt hare a noble ship, perfect iu all parts,
and ready to proceed on say voyage in March
nest."

The Brighton Railway traffic return shows this
week an increase of 2,0821., and the South Eastern
an increase of 1,2421. This increase is due entirely
to the passenger traffic, that from goods preselpting
a decrease of 6J9(., in consequence of a falling off
of 8311. in the week's receipts for the carriage
of hope.
The London agents of the Illinois Central Rail-
way Company have received the following satisfac-
tory report from the chairman of the executive
committee at New York :

Mos of the Illinois Central Railway Company,
New York, De.
Messrs. Robert Benson and Co., London.
Oentlemen,—The collections iu the Land-office for this
month of September nix* Dols. e 0,600
For September, 1159 53,418

The Pelee of land for the month of Sept. were Dole. 133,600
Aiptinst same month, 1866 37,836

Gain for 1860 Dols. 100,764
The advice. of traffic earnings for the month of September
have wit yet been received. The decline in prices checked
the receipts of wheat at Chicago, but they are again on the
increase, and it is presum,d will continue v. augment in
quantity r the season advances sufficiently to give &eche
employment to all or rotting stock. The passenger traJtl
appears to be increasing, arid it will must probably show
striking improvement as soon as the returns from the crop
are more generally realised.
The Liaibollice exhibits a very cheering prospect. The
commissioner awl clerks are all ;tcpt at work early awl late.
The sales are largely in excess of the sear period last year,
and the contracts ere mostly for small panels.—Yours re-
spectfully,

(Welled) THOMAS E. WAIX2II,
Chaim= Executive Committee.
An extraordinary uneting of the Llanolly Rail-
way and Dock Company is called for the 31st inst.,
to sanction a proposed lease, and to consider au ia-
tended application to parliament for powers for ex-
tension lines.

A report of yesterday's indigo salt% subjoined :
. _

_ -
The sales opened witi catalogue B, which passed
without animation, and only 52 chests out of 810 were
sold. Ustal.lcue A was then resumed, and prices ruled
much the amo as on previous days, good Bengal remaining
firm • large ps.r.els were withdrawn, but the quantity sold
was fess than on any preceding day. 2,449 chests passed
to-day, of Millt,tl chest* were withdrawn. 694 chests
bought in, and :fa clans' bold. Total quantity passed
8,63.1 charts, of which 2,i111 Lave been sold, 4,127 with-
drawn. and I,tioo huaglit
The Beverley is is arrived from China with
396,d00 lbs. ux tea, and Y 9 bales of silk.

MONDAY EVIZING.

Congolq, which closed on Saturday at 93
"buyers'' for the Bth Nov., opened this
morning at 1,21 to 93, and closed at 92t
" buyers." Fur money the last price was 92t
to /. The official lmsineas report is as follows
Three per Cent. Consols for money, 921, I, 1,
1 • ditto, for account (Nov. 8), 92i ; Three per
Cents. Reduced, 911, }, • New Three per
Cents., 91f, 1, I, >f ; hew Two-and-a-Half per
Cents., 774 ; Batik Stock, 229, 230 k ; India Stock,
219, 220 ; -ditto Five per Cent. Stock, 1869, 1931 ;
ditto Four per Cent. Debentures 1858, 9tij ;
ditto, 1869, 9‘;j, 1 ; ditto bonds, 4r. dis. ; Four
pee Cent. " eniseed" rupee paper, 80 ; ditto,
Five per Cent., Ok; j ditto, Five-aud-a-iialf per
Cent., 1021.
Ilhdiall government securities were dull. The
Five per Cue:. ;tuck of 1859 has declined to 103 to
1. There were some sales of Indian Bond* at
Se. die. Exchequer Bills were quoted par to 3a.
lmir• . . .

Portuguese anti Sardines bonds were firm, and
Turkish fist:.

Bank snares to-day were firm. London and
Westminster Lank and Chartered Batik of India,
Australia, ah.l China were in demand. Thera were
also some b wt-fide purchases of Ottoman Bank,
which eluseo at 17 to lu the miscellaneous
share market there were inquiries for London
Discount atd 0:-..ental Inland Steam. Great Ship
were heavy, at 4s. 'M. to is. 9d. per 1/.
Transuctims to a considerable amount took place
to-day iu the r,w Cape of Good Hope Debeuturvs,
at 103 ; the closit:g price was 103 to 104.
New Souti: \Vales Government Honda were tint,
and Victoria flat.

llliuuia C:ltral Railway "Optional Rights"
scrip has declined to 4 to 41.
The new shares of the Midland Railway C)111-
piny wire quoted 1j to 1i prem.
The closing quotations for shares in new under-
takings were as follow :--Ocean Marine Laur-
ance, 11 to l prem. ; Thames and Mersey Marmot
13-16 to 13-16 prem. • Universal Marine Insurance,
7-16 to fl-16 prom.; London and Provincial Marine,
g to k die. ; mast India Irrigation, 1-16 dis. to par ;
Uelhvara Company, 1-16 the. to 1-16 prem.

MISES.-THIS DAY.

Two o'CLoot.

The dealers in the mining inaiket Lave Leen
almost exclusively occupied this morning with tha
adjustment of their accounts, this being
" settling-day." The transactions thus far
have, therefore, been unusually scanty. In
the Stock Exchange the only business officially
reported is in Stray Park shares, which are steady,
and have becit dealt in at 541. The present quo-
tation is 53 to 55. s

Iu foreign and ctlonial mining sharos there is no
alteration whatever. The only transaction of im-
portance have been in St. John del Rey, which
have been dealt in at 28i and 28/.
At u general meeting of the adventurers in Wheal Cupid,
held yesterday, the accunnts showed a debit balance of 37V.
15a. hOd. A col: of :4. per share was made. The report
was cowsiderod s—tisfactory.
The following is from the Nacre* Load Mining Com-
pany : —•• A ountinnuication from the mine received to-day
(Monday), furnished undoubted evidence of the value of this
sett in sill its points. The ore raised from the east end lode
(samples of whieu are received at the °Moe) gives promise of
immediate insult. of a highly profitable character."
The Central American Musing Company have received
letters from Alotepeque, dated Sept. 1. The number of work-
people had Mervased, end the works pregramed favourably
towards esespleti,o, notwithstanding heavy min.. The
rai,iu, me h... 1 increased to 57 tout in the month, ...ore
of riot quality ; u!.d the mine of San Pantaloon presented a
very favourable uppeansine. The 10 fathom level front
Corunbia shaft, both east and went, it opening out rich ore
ground. 3ti.t bags (about 24 tons) of silver acv have au s ivtd
in the puekot at Soutlusuiptun.

(Lain for 1863 .Dols. 23,182

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