The Express.
London, England, 1861-07-13 00:00:00

MONEY MARKET.-(THIS DAL)

The Ga:ette specie statement for the week end-
ing Wednesday last gives the following totals,
viz. :—lmports of gold, 110,675/. ; exports of gold,
382,2931. ; imports of silver, 12,9671. ; exports of
silver, 368,9721.

Two o'CLoca.

In the City to-day the India Loan negotiation
is still the principal topic of conversation. Its ex-
traordinary success has taken many persons by
surprise. lu Cie Stock Exchange, the prevailing
feeling is one of disappointment, a very
small amount of the scrip coming to the
share of the members of that establishment. There
has been a considerable demand for the scrip,
partly to cover sales
.previously effected, and the
price has risen within the last half-hour to 100
to f,. The Old Five per Ceut. stock has at the
same time risen to 994 to }.

FIIIDAT $ll2llllO.
Consols, which closed yesterday at 90} to f for
the 7th of August, opened and closed today at the
mule quotation, rising in the interval to 90f to f.
For money the last price was 90 to *. The
official business report is as follows :—Three per
Cent. Consols, for money, 90, 4, 4 ; ditto for
account (Aufust 7), 994, f ; Three per Cents.
Reduced, 89 ,4, ; New Three per Cents.,
81, ; Thirty Years Annuities, 1883, 1311-16 ;
ank Stock, 231 ; India Five per Cent. Stock,
99, 961, 99, 4, 4 • ditto for account, 99, 4 ;
ditto Four perCen't. Debentures, 1864, 964 ; Five
per Cent. " enfaced" rupee paper, 101.
Exchequer Bills were again firmer, the March,
issue being quoted Bs. to 3s. dia. ; and the June 2s.
dia. to 2s. prem.
The transactions in the foreign stock market
were to a fair extent. Prices generally were well
supported. The Turkish Loan of 1854 closed at 764
to 4, and that of 1868 at 61} to f. Buenas
Ayres Six per Cents. were marked 88.
Mexican Bonds have advanced to 224 to I.
Scarcely any alteration occurred in Bank shares.
Canada Lands were flat, and miscellaneous shares
steady.
The closing quotations for shares in new under-
takings to-day were as follows :—Ocean Marine
Insurance, si to I prem. ; Thames and Mersey
Marine, 11-16 to 13-16 prem. • Universal Marine In-
surance, to I dis.; London Ind Provincial Marine,
par, ex div. ; China and Japan Steam,
_par ;
Commercial Copper, 4 dia. to par ; National Boat-
building, f to 4 prem. ; Oriental and General
Marine, 4 to 4 prem.; and Compressed Coal,
to 4 prem.

The English hunk' remain quiet, but steady, at
yesterday's prices. English railway stocks, in sonic,
instances, are rather better. There is a decided
improvement in Lumbardo-Veuetian Railway
shares.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened at
68fr. 75c., being per per cent. worse than yesterday.
Consols are officially marked 904 and 90 for
money. No transactions are recorded for the
account The present quotations are 90 to 4 for
cash, and 901 to 1 for the 7th of August.
The official business report is as foLows :—Bank
Stock, 2294; Three per Cents. Reduced, 891, 4 ;
New Three per Cents., 892, 4 ; India Stock, 218, 220 ;
ditto Five per Cent. Stock, 994, ; ditto for ac-
count, 991, 1 ; ditto scrip, 994, 100 ; ditto Bonds,
16a., 10s. dia. Exchequer Bills, March, small, 4s.
dirt ; ditto June, large, 2s. dia.
A truth rise oil per cent. has taken place to-day
in Turkish Bonds ; the Loan of 1854 is now quoted
77 to 1, and that of 1858, 621 to 4. Mexican Bonds
are marked 224, being genet. Sales are recorded as
follows :—Mexican Three per Cents., 224 ; Portu-
guese Three per Cents., 1863, 464 ex div. ; the Spanish
Committee's Certificates, 54 ; Turkish Six per
Cents., 1854, 771 ; ditto Six per Cents., 1858, 62,
611, 621 ; ditto for account, 621 ; ditto, 100 i.
Bonds, 641.

HAL►-PAST Two O'CLOCK.
Consols are still quoted 90 tot for money, and
94 to g for the account.
Yesterday was a day of great excitement in the
City. Noon yesterday was the latest period allowed
for lodging tenders for the new India Loan of
4,000,0001. Similar eagerness to subscribe bas
scarcely been witnessed, in the memory of our
oldest financiers. The crowd of applicants at
the Bank at twelve o'clock was enormous,
and considerable confusion was occasioned.
The Stock Exchange remained in a state of
great suspense until half-past one o'clock, when
it was officially announced that the govern-
ment reserved price was 984 per cent. Soon after-
wards it transpired that the numerous bidders at
99 and upwards would certainly receive the whole
amount applied for, but considerable doubt
prevailed with regard to the fate of the
heavy tenders at 983, which are said to have
included a total of 1,700,0001. from one great
Hebrew house alone. In answer to the applica-
tions which were addressed to them, the Bank
authorities could only state that the tenders, some
3,600 in number, were being opened as fast
as possible, and that the result should be
made known at the earliest hour practicable.
The business community finally quitted the
City under the impression that all bids
at 98/. 16e. and upwards were safe, and that some
limited per tentage of the amount applied for
would probably fall to the share of the subscribers
at 98/. 154. At that period all the large tenders
bad been opened, but numerous smaller amounts
ratw►inel to be sorted. It was shrewdly surmised
in some quarters that, as these small tenders were
probably for the most part from permanent
investors, the general average of the bidding,
might yet be raised higher ; and this has proved to
be the case. Towards eight o'clock last evening it
was officially intimated to the prom by the Bank of
England that the main results of the bidding are as
follows :—The aggregate tendered for is upwards
of 21,000,0001. The highest tender lodged
does not exceed 991. Be. The lowest
tenders that will obtain an allotment in full are
those at 98/. 18e. 6d. Those at 981. 18s. will re-
ceive about one-third of the amount applied for,
All tenders &Iwo 981. 18s. are wholly rejected.
This result differs so widely from the impression
which was current this afternoon at the close of
business that great disappointment will be occa-
sioned.

Meanwhile it is exceedingly satisfactory to wit-
nee' this new proof of the financial power of the
country, and every holder of Indian securities must
derive fresh encouragement from the manifest im-
provement in the credit of the Indian government.
The competition of the India Five per Cents. with
the English Three per Cents. is shown more clearly
than ever.

We are indebted for the following calculations to
Mr. J. A. Franklin. They place in a clear light
the high rate of interest yielded by the new luau.

At flit. Bs. &I. (less 17e. 4.4 d. din. for instalments paid up
in advance) the stock yield►_

As • perpetuity
it•Pabd at per. Joii.lB7o SNI per cent.
cent.
If the imishaeate he not prepaid, sod the mosey
ernployed at 6 p.r at the boom ,meis 20s. 10.5 d.
ladiaa railway stock baring the same general guarantee,
sad their ova speciality in addition, yield, at • cost of about
951, p.r mat.
Contemporaneous Loans —Brussels Municipality, for GO
year,, overacted for by Rothschilds, Oppenheuns, &c., at •
price to yield 34 per cleat.
French Railway Bonds, 30 years, at contract price yield
It per cent., gamin= 16 bum.

There was no pressure in the discount market
yesterday, although about 420,0001. must have been
locked up in the 2 per cent. deposit on the 21,000,000/.
of bidding. fur the new loan. Good bills were
readily discounted at 51 per cent. The demand at
the Bank was moderate.

A Sinai amount of gold was purchased by the
Bank yeaterday-12,0011.

- •
The tendency of the foreign exchanges yesterday
afternoon was in some instances rather less favour-
able to this country. Subjoined is our usual list :
Ausaseedam, 3 months, 12.1 to 4 ; ditto 3 days, ILIB4
to 194 • Rottenlant. 3 months, 12.1 to 4 ; Antwerp, 3
mouths: 25.65 to 70 ; Hamburg, me boat*. 3 months,
13.101 to ; Paris, 3 days, 25.371 to 42i ; ditto, 3 mouths,
W. 674 to 724 ; Fraakfort-on•the•llt.ine 3 months, 1194 to
; Petersburg (per 'noble). 3 months, :424 to 4 ; Vienna,
eff. , 3 t00nth5,14.35 to 45 ; Trieste, elf. fin., 3 months,
14.35 to 45; Madrid, 3 months, 4sl to I ; Cadiz, 3 month.,
454 t,,, 1 ; Leghorn, 3 roontio,, 25.110 to 5 ; Genoa, 3
mouths, 23.110 to 5; Milan, 3 Illoatha, 25.80 to 5;
Naples, 3 months, 39 to 4; Palermo, 3 months, 117 to a ;
Messina, 3 months, 1174 to 4 ; Lisboa, 90 days, 524 to
Oporto, 00 days, 524 to 1.

. .
The bills have been returned of Messrs.
Beerbohm, Magnus, and Co., corn-nierchauts, of
Mark-lane. The amount of their liabilities has not
transpired.
Mr. Henry Walmsley, cotton-spinner, of Man-
cheater, who failed in April last, has tiled an
amended statement iu the Court of Bankruptcy,
from which it appears that the liabilities now stand
at 161,8001., and assets at 17,5001. Through a re-
duction of some claims, however, be is enabled to
offer a composition of 3s. iu the pound, in cash,
and this was agreed to at a meeting of creditors
held in the Bankruptcy Court at Manchester on
Thursday.

The directors of the Union Bank of Australia
have resolved to declare the same dividend as was
paid had half-year, namely, 12 per mut. per annum,
at the meeting of proprietors on Monday next.

THE EXPRESS, SATURDAY EVENING, JULY 13, 1861.