The Express.
London, England, 1860-10-11 00:00:00

THE TX' BESS,
_THURSDAY E V ENINx, OC f OBER 11, 1860.

UNIVERSITY INTELLIGENCE.

Ocr. 10.
In a Convocation holden thOXFORD,is morning, being
the Int day of Michaelmas term, William Duckworth,
ILA., of Trinity College, was appointed Master of the
wSch Is • Ceagergetioa holden immediately aftwarards,
eerieg &gran rare ezeterred, viz. :
Nester et Arts : Herbert Hannigan, Daßial Collrge
Rev. Thome Cochrane. Oriel OaDege ; Rev. Hugh Hoag
-
tine Gillett, Exeter College ; Rev. John Hurry
Waimea oe/lege.
Bachelor at Azta : William Owes Whiteside. Christ
Chards.
The next degree day is Tbareday, OIL 21

ef.AILWA.ri.

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108 108
109 111
100 110
123 135
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MONEY idAß.tal4---THDi DAY.

' Two d'etocu.
The funds remain fiat, owing to the drain of gold
and the increased ;supply of Mock, Consols are
'quoted at a fresh reduction of about * fper cent.
This is "settling-day," and the dealers are mainly
oocnpied'-with the adjustment of their soaciaida:
In the share markets the tendency. of prices
is drooping, but the alteration is not of striking
importance. Midland stock is rather better.
The usual telegrams from the Paris Bourse have
not yet arrived.

Ties books for the New Three per Cents., Three
per Cents. Reduced, and other stocks, lately shut,
are now open for private transfer._ _

Consols are officially marked 92i, 93, on,
and 93 for money, and 934 and 93 for the
Bth of November. The present quotations are
92k, "buyers," for cash, and 93 to for the Bth
Nov. The official business report is as follows :
Bent Stock, 2274, ex div.; Three per Cents.
Reduced, 914, 4, Ell div. ; New Three per
Cents., 914, I, 4, ex div. ; Thirty Years Annuities,
expiring in April, 1886, 164 ; India Stook, 2194 ;
ditto Five per Cent. stock, 1859, 1032' 1 ;
ditto Four per Cent. Debentures, 1858, ofig ; ditto
Bow* 1 dia.; Five per Cent. " enfaced" rupee
paper, 964, 96 ; ditto Five-and-a-Half per Cents.,
1024, 1024 ; Exchequer Bills, par, 3e. prem.
The foreign stock market is dull. Turkish
Bonds are a trifle lower, the Loan. of 1864 being
quoted 704 to 4, and that; of 1858, 564
to 4. There are, however, inquiries for
Spanish Deferred Three per Cents. Sales
are recorded is follows : Dutch Four
per Cent. Certificates, 994 ; Russian Four-
and-a-Half per Cents., 934 ; ditto Three per
Cents. 1859, 631 ; Spanish New Deferred Three
per Cents., 401 ; ditto for account, 404, 1 ;
the Committee's Certificates, 6 ; Turkish Six
per Cents., 1854, 70, ex div. ; ditto for
account, 70}, ex div. ; ditto Six per Cents., 1858,
564 ; Venezuela Three per Cents., 23.
The Kangaroo has arrived from New York with
23,5001. in specie.

Foos o'Ciacs.

Console are quoted 93 to i for money, and 981
tot for the Bth November, showing au improve-
ment of I per cent. compared with the prices at
2 o'clock.

The demand for money yesterday was very active
in all quarters, and tightness was observable. Few
or no bills were discounted below 4 per cent. At
the Bank the applications were heavy, including a
number from the bill-brokers for advances, and
others for loans on government securities from the
dealers in the Stock Exchange, where the rate was
likewise 4 per cent.

The activity which has suddenly arisen in the
money market is in great part occasioned by the
large bullion operations now in progress. Great
masses of treasure cannot be moved to and fro
without entailing a considerable draught upon the
discount market. There are at present two im-
portant transactions going on. In the first place,
the 1,128,0001. in specie and bullion ex the steamer
Tasmanian has just been delivered and paid for, and
the bulk of it, consisting of Mexican dollars,
goes to France, en routs to China, for account
of the Discount Bank of Paris, which (as
previously mentioned) is establishing a branch
at Shanghai, and partly for account of the French
government, which wants specie for the war ser-
vice there. A sum of 200,0001. in Mexican dollars
has been sent toFrance already, and 400,0001. more
has to follow. This is one operation. In some
quarters the withdrawals of gold from the Bank
have been mixed up with it, and it has been stated
that gold is taken from the Bank of England for
shipment to China. This is incorrect. Gold has
no circulation in China, where silver, and parti-
cularly dollars, almost exclusively pass. The gold
which is now leaving us goes to Paris, and thence
principally to Spain. The transaction is not in
payment for wheat, but has an exceptional cha-
racter. The true explanation appears to be that
Spain wants gold in order to add to her
existing coinage. The Spanish Mint is just
now very active. It would appear, too,
that the gold which Spain is drawing in from
Franco is paid for in the silver which she receives
as indemnity for the war in Morocco. The Paris

establishments which are oommissionad in the
matter obtain the gold in the most acc=sible
market—the English one. In addition to the
13(40001. in bar gold mentioned on Tuesday, 67,0001.
was taken from the Bank of England yesterday for
this purpose, and a further large sum is expected
to follow immediately.

The half-yearly dividend ou Bank Stuck is
payable today. The amount is 727,650/.

- -
Of the inatidnient of 23 per cent, which fell due
yesterday, on the East Indian Railway Company's
Debenture Loan of 1,500,0001., hardly 50,0001.
remained to be met, the bulk having been paid in
advance.

The Ellora will take to-morrow only 55,4001. in
silver and 6,0001. in gold for Bombay.

Transactions have occurred in Mexican dollars at
se. 2d. per ounce, or id. above the price recently
obtained, but the market is now flat at this quota-
tion, the heavy supply by the Tasmanian, which
was sold a few days ago, having been delivered.
Moreover' the next steamer from tho Wcat Indies
is expected to bring a large amount of silver,
including 300,0001. ex her Majesty's vessel Pylades,
from the west coast of Mexico.

Bill forgeries to the extent of about 1,0001. have
just been liecoverod. The name forged is that of
air. Clement Dresser, a reepectablu wool merchant,
of Basinghall-street.
The Liverpool cotton market yesterday was very
firm, and the sales amounted to 15,000 bales.
It appears that the whole of the Cape Debentures
for 200,0001. have been allotted, with the exception
of a few of the twenty years Bonds, for which
there were not a sufficient number of applicants.
The entire amount is to bo paid into the Bank of
England on the 15th inst.
. _

Tha London and North Western Railway traffic
return shown this week au increase of 5,06;.. •, the
Great Western, an iucreose of 5231. ; the Great
Northern, a decrease of 2,471/. ; and the London
and South Western, an increase of 1,9041.
The traffic return of the Grand Trunk Railway
of Canada, for the week ending Sept. 22, shows an
inorwiseg of 5,6521. Marling.

The ordinary general meeting of the Ceylon Rail-
way Company ix convened for the Slat inst.
The half-yearly meeting of proprietor. of the
Globe Insurance Company is convened for the
25th Mat.

---
An extraordinary mooting of the P.►toat Starch
Company (Limited) is called for the 20th inst., to
confirm or rescind a resolution for a voluntary
winding up.
The third call of 41., making 121. paid, is to be
paid on the shares in the Sevenoaks Railway Com-
pany by the Ist November.
' The half-ysaros guaranteed interest is advertised
upuu the shares and bonds of the Royal Danish
Railway Company.
The Certificates for shares in the Algerian rail-
ways are now ready for delivery, in exchange for
the bankers' receipts.
An auction of the foreign rodeemablo (Passive)
debt of Spain sill take place at Madrid on tho 30th
inst. Tbu stun assigned for the purpuse is
458,020 reels.

SU 3.1

'2O.

DUTT.—Wbeet, Balky, Ostia Rye. Beam ;i4 Peas, Is.
swum Rama &AD Lan Wan& —lTheat, 11,701; MAIL
15.608 eats. ken ; ; Inane, PS?: peas, 665 qua:ars.
Liaatsx apeoWlita PHI nrcrosroes II TILE AVESAGS HUM

Of lIMEAT DUW4G TaZ BIY WESIS HALM.

Prt i.j ISept. 1.. Sept. tilSept.ls.;Stpt. Sept. al. OA. G.

t 2 11
Id 11
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68 11

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L

MINCING-LANK--(THIS DAT.)

Sec a. —This market remains q aiet,bat general quotations
are unaltered. Refined also quoted at previous prices.
Corm.—This article is inactive in the shaence of ;Albite
sales.
COCOA.—Trinidad suld at (7a. to 70s.
Ricr..—A limited bosinea done at former pticua
Y. on.—Thu market o quiet.
INDIGO. thui day.—There has been MOM =bastion le
the bidding* for desirable qualities of Bengal at last sake
prices, owing to the withdiawal of large puroabi ; defective
kinds cantinas neglected. 2,0017 chests LIMO passed the sale
to-day, including 40 la.oght in,and 1292 withdrawn, leaving
f. 83 cheats sold.
hPicas steady but in limited demand.
:2orrox.—The demand has been inactive ; 1,300 bales
sold at full prices.
Markets generally have bad a dell appearance.