The Express.
London, England, 1861-07-24 00:00:00

L4006-iiil

MONEY MARKET.-(THIS DJ IJ

Two o'CLoci.

The funds to-day are dull, at the closing quota-
tions of yesterday. Little business is going for-
ward. English railway stocks, in two or three
instances, are flatter, particularly South Eastern.
In consequence of Sir Charles Wood's remarks
in the House of Commons last night, the scrip of
the new India Loan has declined to 991 to 100,
and the Five per Cent. Stock to 99# to I.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentes were quoted
67fr. 62c., showing no change of importance.
Consols are officially 'marked 89# and for
money, and 89# and 90 for the account. The
present quotations are 89,1 to 1 for money,
and 891 to 90 for the 7th of August. The
official business report is as follows :—Bank
Stock, 229, 231 ; Three per Cents. Reduced,
894, ; New Three per Cents., 89#, 2, a ;
India Stock, 221; ditto Five per Cent. Stock,
994, 4, I ; ditto scrip, 99#, 100 ; ditto Four per'
Cent. Debentures, 1863, 96#, ; ditto Bonds,
Bs., 78. dis. ; Five per Cent. " enfaced "
rupee paper, 944 ; ditto Five-and-a-Half per Cent.,
1014 ; Exchequer Bills, March, 95., 10s. dis. ; ditto
small, 6s. dis. ; ditto June, 3a dis.
I Turkish Bonds are quoted the same as yesterday
afternoon ; the Loan of 1864, at 784 to f, and Out
of 1858, at 66 to 3. Other foreign stocks are quiet.
Sales are recorded as follows :—Buena Ayres
Six per Cents., 81, ex div. ; ditto De-
ferred, 26# ; Belgian Four-and-a-Half per
Cents., 98 (exchange 25fr.) ; Chilian Six per
Cents., 1004 ; Mexican Three per Cents.,
for account, 224, 4 ; Portuguese Three per Cents.,
1853, 46#, 1, ex div.; Turkish Six per Cents., 1854,
784 ; ditto, for account, 7811, 4; ditto, Six per
Cents., 1858, for account, 661, 4.
The Kangaroo has taken to-day 56,000 i. in specie
for New York.

The supply of money in the discount market yes-
terday continued in excess of the demand, and,
anxiety being shown to employ it, good bills were
taken at bi per cent. At the Bank of England
there were, accordingly, very few applications.
The amount of gold purchased by the Bank yes-
terday was 28,0001. The arrival is announced of
the Dover Castle, from Melbourne, with 29,156 oz.;
and the Donald M'Kay, with 50,008 on. making
together 79,164 0x.,1n
cluding
the 317,0001.
the 79,5001. reported on Monday by the Agincourt,
there is a total of 396,5001. in Australian gold to
be disposed of, nearly the whole of which is ex-
pected to be taken to the Bank.
Three gold ships are known to be still at sea, but
they have an aggregate of only 196,0001., viz. :
The Sussex with 128,0001. ; Marco Polo, with
26,000/. ; and the Boreas, with 42,0001.
The exchanges yesterday afternoon experienced no
alteration of importaree, but the tendency was not
very favourable. Sabjoinea:is our usual list :
Amsterdam, 3 months, 1204 to 14 ; ditto 3 days, 11.19
to ft Rotterdam, 3 months, 11.19 to ; Antwerp, 3
months, 25.624 to 71 ; Hamburg, ma. bum, 3 months,
13.10 to i ; Paris, 3 dam 25.35 to 40 ; ditto, 3 mouths,
25.65 to 70 ; Frankfort-on-thsellains, 3 months, 1194 to
; Petersburg (per rouble), 3 months, 321 to if ; Vienna.
to., 3 mm 418,14.35 to 40 ; Triode, off. to., 3 months,
14.35 to 40; Madrid, 3 mouths, 484 to f ;Cadiz, 3 months,
48j to ; Leghorn, 3 months, 25.00 to 5 ; 0114011,
months, 25.774 to 824 ; Milan. 3 months, 25.774 to 824
Naples, 3 months, 394 to 4 ; Palirroo, 3 months, 117 to ;
3 months, 1174 to ; Lisboa, 90 days, 524 to l ;
Oporto, 20 days, 524 to 4.
The Liverpool cotton market continues firm. The
sales yesterday reached 20,000 bales.
The tenders for thel,ooo,ooo/. of Victoria Six per
Cont. Debentures are to be lodged at the London
and Westminster Bank by 2 o clock to-morrow.
The transaction does not seem to excite much in-
terest, but it is very possible that a considerable
number of applications may be sent in at the last
moment. The price in the market is about 1061,
and is kept down for the present, pending the
result of the bidding*. Serious bidders will pro-
bably act upon the assumption that the minimum
will be fixed at 105, and will offer such a fracdon
over that price as they may deem moat likely to se-
cure an allotwent.

It appears that of the Italian Five per Cent. Loan
of 20,000,0001. sterling a moiety was set apart for
subscription amongst the Turin and other Italian
barkers. The applications have been so far in ex-
cess that the subscribers are not expected to obtain
more than about two-thirds of the amount written
for. The net price to be paid by the bankers is
between ssi and 69 per cent. The subse iption
from the general public has not yet commenced.
No movement has been mace towards introducing
the new loan on the markets of France or Englrid.
The National Bank yesterday declared a divi-
dend of 8 per cent. per annum, together with a
bonus of 15s. per share for the past half-year, free
of inoome tax, being together at the rate of 14 per
cent. per annum upon the paid-up capital.
Letters from Calcutta announce the intended
formation of a public company in that place with a
capital of 200,0001., for the purpose of erecting
floating piers on the banks of the Ganges. The
want of docks, piers, or other appliances for facili-
tating the shipment or discharge of cargoes at Cal-
cutta has hitherto been found a very serious draw-
back. Floating piers recommend themselves by
the facility with which they are established, and
alio by their adapting themselves to the rise and
fall of the tide, t.o as to present an unvarying alti-
tude relatively with a vessel alongside. The e-:-
ample of the landing stages at Liverpool shows how
efficient :ur all the purposes of commerce floating
piers may be rendered.
The prospectus has been'issued of "The Equi-
table Grocery Consumers' Company (Limited) "
upon the co-operative principle, with a proposed
capital of 100,0001., in 20,000 shares of 51. each.
The bolding and liability of each person is to be
limited to ill., of which 11. is to be paid up. The
object is stated to be to supply pure and unadul-
terated groceries. The profits are to be taken for
shareholders.
The half-yearly dividend on Louisiana State
Bonds (Citizens' Bank) is advertised by Messrs. F.
de Lizardi and Co.

With reference to the failure of soveral of the
Southern States to meet the interest ou their bonds,
Messrs. Beyton and Wainwright, of New York,
havo the following :

Some of the Southern States have defaulted on the pay-
ment of the interest on their bonds, payable in New York
on the Ist ins.., while declaring their intention to pay in-
terest on the bonds held by residents of thaw states. The
defaulting states are Virginia. Missouri, Tennessee, Georgia,
and North Carolina. It is stated that the interest due on
thaVirginia sterling issue has been remitted to London, and
the Hannibal and St. Joseph Railroad l'ompany has paid
the July coupons of the 0,000,000 of Missouri State stock
Issued in aid of that company by the state.

TL:IXDAY Evrtento.

Consols, which closed yesterday at 895 to 90
for the 7th of August, opened this morning at the
same quotation, adv.inced to 90 to I, and closed
at 90 "sellers." For money the last price was
891 to I. The official business report is as follows :
—Three per Cent. Consols, for money, 891, 90, 89k,
90 ; ditto, for account (Aug. 7). 90, 1 ; Three per
Cents. Red aced, 89k, ; New Three per Cents.,
891, ; Thirty Years' Annuities, 1885, 151 ; Bank
Stock, 231, 2291, 329, 231 ; India Fire per Cent.
Stock, 991, /, 1,1, 1; ditto Scrip, 991, 100/ ;ditto
Bonds, llds., 121 a, 7s. die. ;ditto Five-sa-llalf
per Cent. " enfaced " rupee paper, 100 k.
The scrip of the new India Loan, in which to-
morrow (Wednesday) will be settling-day, was first
marked 99/, and afterwards 104. The closing
quotation was 100 to 1. The Five per Cent. Stock
left off at 991 to 1. The public continue to invest.
The rate for loans on the scrip until the next
settlement has declined to 5 percent. per annum.
The March Exchequer Bills were quoted 10a. to
ss. dia., and the June 3s. dis. to par, being still
without benefit from the ease in the money market.
India Bonds were dealt in at 12a. to 7s. die.
Turkish stocks were steady in the morning, but,
some sales being pressed in the afternoon, a relapse

oft to 1 per cent. occurred. The closing quotations
were 74 to 3 for the Loan of 1854, and 60 to tee
that of 1858. Mexican Bonds remain quoted zq
to j. Guatemala Five per Cents. were marked 65.
The London, Chatham, and Dover Railway Com-
pany's extension from Canterbury to Dover having
been opened for passenger traffic yesterday, the
ordinary stock was firm to-day at 47 to 48. The
Five per Cent. Preference stock has improved to
91; and the Deferred interest warrants, which it
was agreed should be paid out of the first earnings
I of the line, have come into demand during the last
day or two, at 113 e. to 18s. per 11. On the other
hand, the direct competition of tha new company
for the "through" traffic having now commenced,
the South Eastern Company's fares have been
lowered, and its stook has blink t per cent. to-day.