The Express.
London, England, 1860-08-13 00:00:00

MONEY MARtET.-THIS DIY.

--err-047.1
Two o'Ctoex.
The funds today are inactive, but rather firmer.
Consols have attained a reeovevy. of per cent.
Attention ts directed to the explanations on
Indian finance, promised for this evening
in the House of Commons. It is still
generally believed that the loan of 3,000,0001"
for which power is to be taken, will not be issued
for some time to come. In the share markets busi-
ness is likewise languid, with little change in price.
There is an improvement in Midland Railway
stock.

At Paris this morning, according to Mr. Reuter's
' telegram, the Three per Cent. Rentee opened
at 68fr. 06c., showing no change fluid) Saturday.
Consols are officially marked 931 and It
for money, and 931 for the account. The
present quotation. are 931 to for cash,
and 931 to 1 for the 6th of Sep-
tember. The official business report is
as follows : Three per Ceuta. Reduced,
931, ; New Three per Cents., 63*, #; New
Two-and-a-Half per Cents, 78 ; India Five per
Cent. Stock, 1859, 103 f ; ditto for account,
1031 ; ditto Four per Cent Debentures, 1868,
96f ; ditto 1869, 961 ; ditto Bonds, 4.. clis. ;
Five per Cent. "enlaced" rupee paper, Wr* ;
Exchequer Bills, 6a. prem.
Turkish Bonds are flat : the issue of 1854 is
quoted 75; to 73, and that of 1858, 134 to
61. There is an advance in the Spanish
Coupon f7.4;6...4c5. which are last marked
14. Other foreign stocks are quiet. Sales
are recorded as follows :—Brasilian Old Five
per Cent..., 1001, 991 ; ditto Four-and-a-Half per
Cents., 1858, 87* ; Buenos Ayres Six per Cents., 88 ;
Chili= Three per Cents., 73 ; Mexican Three per
Cents., for account, 211, 21 ; Peruvian Three
per Cents., for account, 73 ; Portuguese Three
per Cents., 1863, for account, 441 ; the Spaaiali
Committee's Certificates, 51, ; Turkish Six per
Ceuta., 1854, for account, 751; ditto Six per
Cents., 1868, 60f ; ditto for account, 61.
The Seine, from the Weet Indies, has brought
1625001. in specie ; the Africa, from New York, `f
84,0001. ; the Athenian, from the West Coast of
Africa, 6,9001. ; and the Tagus, from the Penin-
sula, 3,2901. ; making an aggregate of about
256,0001.

The Feat Indian Railway Company have paid -*
to the Secretary of State for India the large -.-
sum of 1,044,5001.,0n account of their new De-
benture Loan. A large proportion of the allot-
ment
is paid in full, as the first 25 per cent.
would have been but 375,0001. on the wlle
amount of the loan (1,500,0001.).
The Indus will take only 10,0001. in silver whsle
Bombay and 11,5001, in gold for Alexandria.
The arrivals of specie last week amounted to
about 230,000 L, all from New York. The whole of
the gold has been sent away.
The stoppage is announced of Mr. Dickins, car-
rier, of Southwark. His liabilities are probably ,
very limited. The accountant employed is Mr. S.
L Price, of Greshamstreet.
The prospectus of the Westminster Chambers
Company is issued. This undertaking has been
formed to supply the demand for professional offices
and residential chambers in the vicinity of the
houses of parliament and the courts of law. A very
valuable site has been secured, immediately facing
the Westminster Palace HoteL The promptitude
with which the Secretary of State for India bas
availed himself of the advantages presented by that
establishment is a feature in favour of the present
undertaking. The promoters rely upon two sources
of revenue, one being the prospect of the lower
frontage being gladly taken by government, whilst,
in default of this, a large return is anticipated from
letting the proposed building as chambers to mem-
bers of parliament, parliamentary agents, soli-
citors, and the employ6s in the various civil
and military departments. The estimates
have been framed carefully by competent per-
sons, and the names attached to the project
(including those of three directors of the London
and County Bank) are of a character to afford an
assurance that it will be carried out in a bond fide
manner. We understand that in the event of the
capital (190,0001.) not being adequately subscribed
for, the deposits will be returned without deduc-
tion.
With reference to a new proposal tending to im-
prove the position of Brazilian Railway shareholders,
the Money Market Review of Saturday has the
following :
We understand that even now a bill is pending in the
Brazilian Chambers, with the support of the government,
end with every probability of posing, which proposes to
give the holders of &anion Railway shares the option,
during the time occupied in the construction of the lines,
of cooverting their stock into Bruilian Government Bonds.
The terms of the conversion remain to be adjusted. Pro-
bably the option will be made applicable to a Live per Cent.
or Four.aml.44l•ll per Cent. stock. In either ease the
adoption of the measure will secure the shareholders from
the risk of any further important depreciation of their pro-
perty, and win harmonise with the liberality of spirit which
has uniformly been displayed by the government.
At the annual meeting of the Royal Insurance
Company, hold on Friday, the report stated that
the fire revenue attained in the year 1859 the
large amount of 228,3141., being an increase
of 32,1881. over the preceding year, and an ad-
vance in three years of 50 per cent. The
amount of profit realised on the general business
Vlllll 64,4881., from which a dividend and bonus of 9s.
per share were declared. The main feature this
year is the Actuary's report on the position of the
life branch, including his quinquennial valuation
for bonus. The profit presented in 66,647/. This
enables the company to give a bonus of 21. per cent.
per annum on the sums assured under participating
policies. Lest year 1,015 life policies were issued
for the total sum of 434,4701., being the largest life
business that the company have bad in any one year.
The Actuary's report, with the appendix, describes
the statistical and monetary position of the com-
Ipany's life branch from the commencement. It
comprises two very interesting coloured diagrams,
exhibiting the probable duration of life at various
Theag
The Admiralty will receive tenders on the 23rd
inst. for the supply of 100,000 gallons of rum, 400
tons of sugar, 5 tone of pepper, and 20 tons of
raisins.
The Antagonist has arrived from China with
503,6001 b. of tea.

SATURDAY. Evionpos.

Consols, which closed yesterday at 931 to 1 for
the 6th of September, opened this morning at
the same quotation, declined to 931 "sellers," and
closed at 93 "buyers." For money the last price
was 931 to . The official business report is as
follows : per Cent. Consols, for money,
931, 1 ; ditto for account (September 6), 931 ;
Three per Cents. Reduced, 441, ; New Three
per Cents., 934, 4 ; Thirty Years Annuities,
expiring in April, 1885, 181 ; Bank Stock,
2314, 232 ; Indian Five per Cent. stock, 1859,
1031 ; ditto Four per Cent. Debentures, 1858,
97 ; ditto, 1859, 964 ; ditto Bonds, Bs., 4a., dis.
The Indian Five per Cent. Stock of 1859 was
firmer, at 1031 to 104. India Bonds were quoted
Bs. to 4a. dia., and Exchequer Bills, 3s. to his.
prem.
A further decline occurred to-day in the shares
of the Bank of Egypt. London Chartered Bank of
Australia were inquired for. Colonial Bank were
marked 37 and 371. Crystal Palace preference stock
wag firmer. Red Sea Telegraph shams have de-
clined to 19, " sellers," or 1 discount, although
this price includes Be. accrued interest guaranteed
by government.
The closing quotations for shares in new
undertakings were as follow :—Ocean Marine Insur-
ance, 21 to 24 prem. ; Thames and Mersey
Marine, 11-16 to 13-16 prem. ; Universal Marino In-
surance, to 1 prem. ; London and Provincial
Marine, to : Gellivara Company (Sweden),
1 to 1 prem. ; East Indian Irrigation, 1 to 1 prem. ;
and Labnan Coal, 11 to 11 prem.