The Express.
London, England, 1860-07-12 00:00:00

MONEY MARKET.-THIS DAL

Two o'CLoci.
The funds to-day are firmer, the fine weather

exercising • stimulating influence. The financial
abatement promised by Mr. Gladstone is awaited
with much impatience ; but Consols hare risen 1
per cent., although business is limited. The share
markets are likewise quiet, but very firm.
Consols are officially marked 931, 1, and
for money, and 93f, for the account. The
present quotations are 931 to for cash,
and 93j " bayers" for the 9th of August.
The official business report is as fol-
lows :—Three per Cents. Reduced, 931, ;
New Three per Cents., 931, 1, t, ;
India Stock, 219, 221 ; Indian Five per Cent.
stock, 1859, loci, 1 ; Five per Cent. " enfaced "
rupee paper, 971, 97 ; Exchequer Bills, par, la

Turkish Bonds are firmer. The loan of 1864
has risen 1 per cent., and that of 1858 fully 1 per
cent. The present quotations are respectively 77/
to and 60/ to 1. The inquiry for Spanish
Bonds has revived. Sales are recorded as fol-
lows :—Brazilian Old Five per Cents., 991 ; ditto
Ave per Cents., 1839 and 1859, 991 ; Dutch Two-
and-a-Half per Cents., 66, 641, ez div. (exchange
19f1.); ditto Four per Cent. Certificates, 1011,
102 ; Peruvian Four-and-a-Half per Cents.,
for account, 94, 1; ditto liribarren Four-
and-a-Half per Cents., 811, ex div. ; Hasidim
Four-and-a-Half per Cents., 931 ex div. ; Spanish
Three per Cents., for account, 481, ez div. ; ditto,
New Deferred Three per Ceuta., for account, 391,
ez div. ; the Committee's Certificates, 41 ; Turkish
Six per Cents., 1868, for account, 60 ; ditto
Guaranteed Four per Cents., 1021.
The scrip of the new Russian Loan is steady at

to 1 premium.
A considerable rise has taken place in the shares
of the Union Bank of London, which are officially
marked in the Stock Exchange 27 and 26f.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Reines were quoted
68.85, showing no change since yesterday.
The supply of money in the discount market
having increased since the payment of the divi-
dends, good bills are now taken readily at 4 per
cent. In exceptional instances transactions occurred
yesterday at a fractional reduction. The demand at
the Bank, however, was rather brisk. The bulk of
the quarterly advances have low been repaid to
that establishment.
Au instalment of 15 per cent. falls due on the
Russian Loan of 5,030,000/. on the 16th inst., and an
instalment of 8 per cent., making 68 per cent. paid,
on the Canada Loan of 2,800,0001. on the 17th
inst. The amount actually payable in the latter
case, however, is only 6 per cent., 24 per cent.
interest being due on the Ist inst.
The Delta, from Alexandria, has brought
4,032/., and the Armenian, from the West Coast
of Africa, 2,600/.
Intelligence has been received of the arrival of
the homeward Calcutta and China mails at Alex-
andria.

Pending the debates in parliament on the Gas
Bill, the gas interest is much agitated, and the
prices of shares in many of the companies are little
more than nominal.

Subjoined are the latest prices of insurance,
dock, canal, and miscellaneous shares, as given in
the last Stock Exchange list :
Insurance—Clerical, Medical, and Omen! Life, 23 ;
Eagle, 71 ; Globe, 981 ex div. ; Indemnity Marine, 162 •
London Provincial Marine, If ; Law Life, 76 ; Ocean
Marine, ej ; Rock Life, fA; Thames and Mersey Marine,
3, ; Universal Marine,. Union, 2711, P. 22, ex die.
Docks.—Commereial, 10 L., ex die. ; East and West
India 1211; London, 66.
Gas.—lmperial, New, 32, 1„ ex die. ; Plrenix, 611;
United General, 21f.
Waterworks.—Berlin, 4 ; Chalice, 20, ex die. ' • Dist
London, 124, ex die. ; Southwark and Vauxhall, 1091.
Bridge.—Waterloo,
The London and North Western Railway traffic
return shows this week an increase of 7,2861. ; the
Great Northern an increase of 3,4411. ' • the Great
Western an increase of 983!. ; and the Loudon and
South Western an increase of 3,2671.
The traffic return of the Grand Trunk Railway
of Canada for the week ending June 23 shows an
increase of 2,7591.
The warrants for the half-yearly interest on the
shares in the Scinde Railway, Indus Steam Flotilla,
and Punjaub Railway, were issued this day.
The half-yearly meeting of the Scottish Austra-
lian Investment Company will be held on the 27th
instant.

An extraordinary meeting of the Calcutta and
Burmah Steam Navigation Company is called for
the 24th instant, when it will be proposed to in-
crease the capital to 120,0001.
An extraordinary meeting of the Grand Surrey
Docks and Canal Company is oonvened for the
26th instant, to consider the expediency and mode
of raising additional funds, and I lecutnig ad-
ditional works, and to determine on conditions
for the conversion of the optional loan notes into
shares.

A general meeting of the City of London Gas
Company is called for the Ist of August, to declare
a half-yearly dividend.
. . .

With reference to the market for American se-
curities, Mr. B. F. Satterthwaite report 4 ab follows :

The market in London for American securities remains in
a vary inactive state, and no change of moment has occurred
in quotations. Erie shares and Third Mortgage Bond. are
rather firmer.

A meeting was held yesterday of the creditors of
Mr. James Herbert Smith, trading as Janice
Herbert Smith and Co., tanner and leather mer-
chant, who failed on the 30th ult. The balance-
sheet, prepared by Messrs. Quilter, Ball, and Co.,
estimates the liabilities at 168,3061., and the assets
at 46,6641., showing about ss. ed. in the pound.
A creditor expressed an apprehension that the ha-
bilities may be increased by the suspension of
additional firms ; but this view was not coincided
in by Mr. Jay, the accountant. The stock of
leather and other goods on band was valued by
Mr. Smith at 22,0001., but another practical autho-
rity places it at 23,5841., according to present
prices, and the latter amount is included id the
general statement of assets. The discussion fur
the moat part had reference to the transfer by Mr.
Smith to other parties of his share in the
San Domingo Mute, in Portugal, valued by
himself at 1,500.". n behalf of the firm, tt
was proposed to pay a composition of ss. in the
pound, by instalments at 3,6, 9, and 12 months,
the first two to be of lk Gd. each, and the remain-
ing two is each, to be secured by promissory notes,
with security to the extent of 2,5001. for the pay-
ment of the final instalment. A.resolution to this
effect was agree,' to, subject to the approval of a
committee of creditors which was appointed. The
labours of this committee will include au in-
vestigation of Mr. Smith's interest in the mina,
in Portugal, and should they ascertain that it is of
greater value than 1,5001. they are to report to a
future meeting. Tnere were several representa-
tives of the London joint stock bunts and discount
establishments present.
A report on the hide and leather market is sub-
joined :
At Leadenball market this week there has been a very
large attendance of manufacturers and merchants of leather
from various parts of the kuiplom, many of whose visi:.•
were no doubt caused by the recent extenehT failures, the
facts snd position of which they were naturally interested
io aseertiuning. There was coesequently not much of the
usual market business transacted. What few sales of
leather were made were at a reduction generally of about Id.
per lb. Is the raw market hides, which had on the first
report of the failures so greatly gone down, a reaction has
followed, and at wter&y's mallet they were all sold at
prices not mach Low those at the close of the previous
mouth.
A report of yesterday's indigo sale is annexed :
A large proportion was sold: bengal of good wand qua-
lity was firmer, but the ordinary consuming sorts win
cheaper.; Kunnas of good quality sold fully the lower
sorts being without alteration : • few dry het amid
at about 3d per lb. discount upon May rates. 1,232 chests
peeled today, of which 367 chests were withdraws, 179
chests bought in, and go; chests sold. Total quantity
passed, 2,579 chests, of which 1,306 have lass sold, 186
withdrawn, sod 435 bought in.