The Express.
London, England, 1860-08-28 00:00:00

28. 1860.

MONEY MARKET.-TlllB DA Y.

Two o'C LOCI.

The funds remain without any movement
of importance save that oocasioned by the
variations in the weather. Heavy showers.
are falling to-day with intervals of sun-
shine. Consols are dull, at yesterday's dosing
quotations. British railway stocks, in most in-
stances, have experienced a decline of per cent.
There is still little business going forward in any
class of public securities.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentes were quoted
68.10, being sc. lower than yesterday.
Consols are officially marked 921 and 93 for
' money, and 93 for the account. The present quota-
tions are 921 to 93 both for money and the 6th Sept.
The official business report is as follows :—Bank
Stock, 233 ; Three per Ceuta. Reduced,
931, ; New Three per Ceara-, 981, it ;
New Two-and-a-Half per Cents., 761 ; Thirty
Years Annuities, expiring in April, 1885, 161 ;
India Fire per Cent. Stock, 1859, 1031, d ; ditto
Bonds, Bs., 48., dis. ; Exchequer Bills, 4s. prom.
Mexican Bonds are in better demand, and are
last marked 21/. There is a fresh improvement
in Buenos Ayres, which have been dealt
in as high as 89/. The Turkish Loan
of 1854 is quoted 731 to 741, and that of
1858, 04 to 61. Sales aro recorded as follows :
Brazilian Four-and-a-Half per Cents., 1858, 87 ;
ditto Four-and-a-Half per Cents., 1860, 87 ;
Buenos Ayres Six per Cents., 881 ; ditto, for
aooount, 891 ; Dutch Two-and-a-Half per Cents.,
641 (exch. 126.) ; Mexican Three per Cents., for
en • New. Granada Active, 151 ; ditto
Deferred, 5 ; Peruvian in-warren „.
per Cents., 821 ; Portuguese Three per Ceuta.,
1853, 431 ; Russian Three per Cents., 18L9, 631 ;
Spanish Three per Cents., 481 ; ditto Passive, 2.21;
the Committee's Certificates, 51; Turkish Six per
Cents., 1854, 741 ; ditto Six per Cents., 1858,
601 ; ditto Guaranteed Four per Cents., 100/, 1.

he steamer La Plata, from the West Indies,
has brought 137,0001. in gold and silver, and the
Saxon* from New Y0rk,58,000/. in specie for Eng-
land.

The demand at the Discount-office at the Dank
yesterday was scarcely more than moderate. In the
open market there is a good supply of money,
which, however, is rather tightly held. For the
best bills 4 per cent. is demanded, and for six
months' paper, fki.
In the Stock Exchange the rate for loans on
English government securities was about 2to 2k
per cent.
A fresh fall of k per cent. took place in the
Austrian funds at Vienna on Saturday.

The fortnightly settlement in shares and foreign
stocks will commence to-morrow (comtinuation
day) and terminate on Friday.
♦ snm of 40,0001. in gold was sent into the Bank
yesterday. The Yorkshire has arrived from Mel-
bourne with 169,0001. in gold, and the Asia, from
New York, with 75,0001.
The Loudon agents of thelllinoisCentral Railway
Company have this day received the following letter
from the chairman of the executive committee.
The details afforded are of particular interest as
bearing upon the American supplies of grain.

Office of the Illinois Central Railrma Company,
New York, August 14, 1860.
Dear Sirs,—The earnings of the lint week of the present
month show a gain of 16,947 dole. 68c. over the correspond
log week of 1859, being respectively 30,811 dole. 90c. in
1859, and 47,556 dole. 56c. in 1860. The excess is nearly
all in freight, the passenger traffic being but slightly en-
larged. The receipts of grain at Chicago are increasing in
value, averaging 150,000 to 300,000 bushels daily. There is
daily • larger movement in wheat. We have carried our
full share 181,689 bushels in the first ten days of this month.
Our receipts' of grain up to the Ist of August have been
4,500,363 bushels, being in advance of those of the entire
year 1856, which were 4,425,809 bushels. The general im-
pression is that the shipments this year from Chicago will
exceed 30,030,000 bushels. The largest shipment hitherto
wa5'21,583,221 bushels, in 1856. It is quite probable that
the Illinois Central will show more than its proportion of
increase, for we are looking for an aggregate of 8,000,000 to
9,000,000 bushels from our line. What is most surprising,
however, in regard to the product of the prairies this year
is, that it is assumed, with apparent beats for its truth,
that the exports of domestic produce from Illinois alone
will this year be equal in value to onebalf the value of the
cotton crop of the United States. The market for Western
securities moved forward last week with such rapid strides
that a check to it was both natural and desirable. It will

probably be followed by another advance beyond the pre-
ceding one. So far as our stock is concerned there is very
little drawn out from holders. A telegr►ph report from
Chicago states that tho receipts of grain yesterday were up•
wards of 340,000 bushels, reducing the flour to bushels.—
Yours respectfully, (Signed) Taos. E. Wallas,
Chairman Executive Committee.
Yews. Robt. Benson and Go., London. .

The Brighton Railway traffic return shows this
week a decrease of 7158/., owing probably to the bad
weather; and the South Eastern an increase
of 4421. _ _

The traffic return of the Great Western Railway
of Canada, for the week ending August 10, shows
an increase of 3871. over last year.
A meeting was held yesterday of the creditors of
Messrs. James Reioach and Co., merchants, who
failed on the 3rd inst. The firm has been
in business for some years, and appears
to have carried on its operations at a con-
tinual loss. The connexion abroad is a very
extensive one, and considerable expense has been
incurred in establishing it. The dealings were
principally confined to tea and spirits, of which the
stock on hand, valued at 3,1251., is nearly all com-
posed. There have been no accommodation trans-
actions, and it was pointed out as a favourable
feature that no portion of the bills receivable and
payr ble is likely to be proved against the estate. A
large number of the book debts are due from houses
abroad. Mr. Reirach left liiirself in the hands of
his creditors, and it was suggested that the estate
should be wound up under inspection ; his son is
about to reestablish the busirese under the title of
Reinachs Nephew and Co., and this, it was men-
tion:d, would facilitate the liquidation, as he
would probably be disposed to buy up the assets.
A resolution for winding up under inspection was
accordingly adopted. Very little discussion took
place, the proceedings not occupying more than
about half an hour.

The prospectus of a new project, entitled the
Great Northern and Midland Coal Company (Li-
i&ted), is in circulation. The object is "to carry
on the extensive trade in the purchase and male of
coals from the Sunderland, South Yorkshire, and
Derbyshire collieries, hitherto carried on by the
Great Northern Railway Company," and which
that company is restrained from prosecuting further,
dating from the let October next, according to an
injunction of the Court of Chancery. Reference is
made to the enormous scale to which the London
coal trade has now attained. An arrangement bas
been entered into with Messrs. Butcher and Son,
of Snow-hill and King's cross, whose business,
wharf, and premises are to be purchased. Agencies
are to be established in various parts of the metro-
polis and suburbs. The capital is fixed at 50,0001.,
shares.

MONDAY EVLVINO.

Consols, which closed on Saturday at 922 to 1
for the 6th September, opened this morning at
991, "sellers," and closed at 921 to 93. For money
the last price was likewise 921 to 93, and for the
11th October 934, or 931-16 to 3-16. The official
business report is as follows :—Three per Cent.
Consols, for money, 921, ; ditto for account
(Sept. 6) 921,1, 93 ; 'Three per Cents. Reduced,
931, 93, f ; New Three per Cents., 931, 4, 93, 1., 1 ;
Thirty Years Annuities, expiring in April, 1886,
161; Bank Stock, 232, 233 ; India Stock, 2164 ;
ditto Five per Cent. Stock, 1859, 1031 ; ditto Four
per Cent. Debentures, 1858, 961`, ; ditto 1869,
96/ ; Four per Cent. "enlaced ' rupee paper, 78 ;
ditto Five per Cent., 96, 1 ; ditto Irive-and-a Half
per Cent, 1014.
The Indian rupee paper was dull, but the Five
per Cent. Stock of 1859 has improved to 1034 to 1.
Exchequer Bills remain quoted is. to 4s. prem.
Turkish Bonds were firmer in the afternoon, '