The Express.
London, England, 1861-07-22 00:00:00

MONEY MARKET.-(THIS DAL)

Two o'Cuvz.

The funds to-day have advanced I per cent., the
news from America, particularly with regard to the
probable repeal of the Morrill tariff, being con-
sidered more satisfactory than might have been
expected. In the other departments of the Stock
Exchange there is little doing, and with the excep-
tion of a fresh rise in Turkish Six per Cents. of
1858, and a trifling improvement iu some of the
leading British railway stocks, prices generally re-
main without change.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Reuter were quoted
67fr. 72c., being about the same as on Saturday.
The scrip of the new India Loan is quoted 100
to 1, and the Five per Cent. Stock, 991 to 1.
Consols are officially marked 891, j, j, and / for
money, and 80 and i for the account. The pre-
sent quotations are 891 to i for money, and 891 to 90
for the 7th of August. The official business
report is as follows :—Three per Cents. Re-
duced, 891, j ; New Three per Cents.,
891, j, j ; India Stock, 219 ; ditto Five
per Cent. Stock, 99j, j ; ditto for account,
991 ; ditto scrip, 1001, ; ditto Four per
Cent. Debentures, 1864, 961; ditto Bonds, 95., Bs.,
13s. die. ; Exchequer Bills, March, 95., 10s. dis. ;
ditto small, ss. dia. ; ditto June, 3s. dia.
There is a renewed improvement of 1 per cent.
in the Turkish loan of 1854, and of j
per cent. in that of 1858. The present
quotations are, respectively, 79i to I, and
661 to 67. la other foreign stocks there is
no alteration of importance. Sales are recorded as
follows :—Brazilian Four-and-a-Half per Cents.,
1860, 871; Dutch Two-and-a-Half per Cents., 63j,
64, ex div. (exchange 128.) ; Peruvian Uribarreu
Four-and-a-Half per Cents,, 851, ex div. ; Russian
Four-and-a-Half per Cents., 90, ex div.; ditto
Four-and-a-Half per Cents., 1860, 90 ; Sardinian
Five per Cents., 781 ; ditto for account, 78 ;
Spanish Three per Cents., for account, 48k,
ex div. ; Turkish Six per Cents., 1854, for ac-
count, 791, I ; ditto Six per Conte., 1858, for
account, 651, 661, 66, 67, 661; ditto, 1001.
Bonds, 68g.

As much as 119,0001. in bar gold and foreign
coin was purchased by the Bank on Saturday.
The Africa, for New York, which left on Saturday,
took only 10,5521. in specie from England, and
24,000/. from the Continent. The total sent from
England to America, during a period of about eight
months, is 8,443,5001.

The stoppage is announced of two small worsted
spinners' houses at Bradford, namely, those of Mr.
Solomon Arnold and Mi. Edward Allen. The lia-
bilities in each instance are thought not likely to
exceed a few thousand pounds.
We understand that measures are on foot among
the tire-dikes directed to a reconsideration, early
next week, of the London mercantile Fire Insurance
rates, recently promulgated. We believe that the
increase of the insurance rates has not been exactly
stated. These rates are to operate especially on
warehouses beyond a manageable size and will be
reduced to those which are free from that objection.
With regard to this subject a well-informed cor-
respondent, practically conversant with insurance
business, sends us the following :
I fled, from consulting with many of the leading men in
the fire insurance offices, that the new mercantile tariff is by
DO means generally approved among them : nor, in fact,
although printed, has it been subscribed to.
It may, therefore, be looked upon more in the light of a
provisional rating until a unanimous scale can be adopted.
The difference of opinion as to the basis upon which the
tariff shall be framed is very great. Some of the lending
offices are for an increase upon all insurance business,
I alleging that the profits have not been commensurate with
the capital employed. The large dividends which have
been so often referred to as paid by the old companies have
in moat canes been paid out of interest on funds long ago
accumulated, and have given a false impression as to the
profitable nature of the business. It is clearly to the interest
of the public that insurance business itself should be re-
munenitive and the offices substantial ; and it is clear that
unless present business be made to pay, the best course for
the wealthy offices to adopt will be to do as the Albion did
some time ago—close theft books and retire upon funds in
Nod.

The half-yearly meeting of proprietors of the
Bank of Australasia is called for the 19th of August,
awl that of the English, Scottish, and Australian
Chartered Bank for the 31st instant.

The Zealand Railway Company of Denmark are
inviting tenders for a loan of from 3,000,000 to
4,000,000 rix dollars, for the construction of a
railway between Copenhagen and Elsinore, on bonds
to be issued with the consent of the Danish go-
vernment

The expected call of 21. is announced on the
shares of the Universal Marine Insurance Company,
payable as follows :-11. by the loth August, and
11. by the 16th October.
Notice is given of the closing of the transfer
books of the Red Sea and India Telegraph Com-
pany, preparatory to the payment of the half-
yearly guaranteed interest.
A general meeting of the City of London
Brewery Company is called for the lit of August,
to declare a half-yearly dividend.
A general meeting of the City Gas Company is
called for the 7th of August, to declare a half-yearly
dividend.

The Master of the Rolls proposes, on the 30th
inst., to appoint an official manager of Meakin's
Joint Stock Brewery Company.
Formal notice is issued by the New Orleans Ca-
nal and Banking Company that—
Owing to the belligerent attitude of the two sections
(north sod south) of the republic, heretofore known as the
United States of America, the board of directory, by an
nosohnous resolution, passed at their sitting of the:M.lone,
have diecootinued their agency in New York, and e•nsed
the books for the transfer of the stock, hitherto kept in that
city, to be closed.
The half-yearly meeting of the London District
Telegraph Company will be held ou the 2nd
August. The company are circulating a report
from Sir C. T. Bright and Mr. W. Austin, from
which we extract the following passage :
The income of the company, at the date of our last re-
port, about eight months ago, was about 2,000/. per annum,
and the expenses 9,000/. per annum. At the present tune
the iue,me is at the rate of above 6,000:. per annum, and
the puss expenses, after deducting rents receivable by the
company, 8,0002. per annum ; and these expenses will he
still further diminished when the whole of the Cannon-
street premises shall have been let, and the term for which
the Threadneedle-street offices have been taken shall have
expired. The Mourne from private wires appears to be
rapidly increasing, awl is • satisfactory and permanent
source of revenue, and which we recommend that every
effort should be made to develop. A considerably increased
amount of business can be carried on by the company, with
• very slight increase of staff rind working expenses. The
means of the company are by no means exhausted, seeing
that a call of 10• per share will more than suffice to oover
the present working loss for • period of twelve mouths, and
than leave a further call in reserve, before which period, if
the directors can succeed io continuing the improvement
, which has taken plate in the affairs of the company at the
same rate, it will be in • prosperous condition. We there-
fore recommend the directors to persevere in devoting their
attention to increasing the receipts by efficieotly serving the
public, and to diminishing the working expenses ; and if
these objects be properly kept in view, we have very consi-
derable 000fidence in the ultimate success and prosperity of
the company.
The Merchantman has arrived from China with
987,2001b5. of tea.

SATURD tT Emma.
Consols, which closed yesterday at 894 to 90,
for the 7th of August, opened this morning at PSI,
"sellers," and closed at 89 11-16 to 13-18, or
89g. For money the last price was 894 to 4.
The official business report is as follows :—Three
per Cent. Consols, for money, 89/, I, 4 ; ditto, for
account (Am:. 71„ . 92/, I ; Three per Cents.
Reduced, 894 ; ew Three per Cents.,
89f, ; Bank Stock, 231 ; India Stuck,
221 ; ditto Five per Cent. Stock, 994, 14 ; ditto for
account, 992 ; ditto Scrip, 1001, I ; ditto
Four per Cent. Debenturee, 1883, 964
ditto, 1884, 964 ; Five-and-a-Half per Cent.
" enlaced" rupee paper, 1014.
The scrip of the new India Loan was dull at
100 to 4, and the Five per Cent. stock, at 994 to

Wheat.
Otaiw las. qrs.
r?"'....4.• • •.

liiiiilia

1144443. MAL Odaßeans
910.9r0. M I 4"
Irish . -33 1881....
Fort4g3 ..) 18280 1130 17223 i 870
Z. C. Ball lan 300 I :438 NS 100 139 .. sir
04. N. 11411: as 12 I, 1000 NI . Bart
K. 10 25 33 9I ..
EXPORTID.—Wheat. 0630 qya ; oak. 466 gra ; Sour, 4286 oda.

I

*it} is

MINCING LANI.-(THIS DAY.)
The private contract =Aorta are inactive today; no
sales of importauee reported either in sugars, coffee, ask-
petre, or rum. Rice is inquired for, but the offers made
are refused.
The public sales advertised for to-morrow consist 4600
hbds. of West India, 12,000 bags Mauritius sugar, 330
hhds. Melado, 170 casks of plantation Ceylon, f 650 begs
native Ceylon, 30 casks Jamaica, and 330 tags 56 casks Rent
India coffee, 400 bags 000).1. and 2,500 bags rice.