The Express.
London, England, 1861-03-05 00:00:00

MONEY MAREB2.-(THIS DAL)

Two o'ClLotic.

The funds to-day are very
principal business consisting of preparations for
the settlement. Prices are now quoted barely
as good a. at the close yesterday. In the share
markets prices are well supported, but there is an
entire absence of animation.

At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentes were
quoted 68fr., being sc. lower than they closed
yesterday.

The scrip of the new Indian loan in firm, at
100i1 to s for the account.

Consols are officially marked 914 and
for money, and 91/ to for the account.
The present quotations are 91/ to both for
money and next Thursday. The offieial business
report is as follows :—Bank Stock, 2324 ; Three
per Cents. Reduced, 91a, #, ; New Three
per Cents., 914, a, a, ; Thirty Years
Annuities, expiring in April, 1886, 16# ;
India Stock, 222, 4, 2214 ; ditto Five per Cent.
Stock, 1004, 100; ditto Four per Cent
Debentures, 1858, 951 ; Exchequer Bills, 36., 75.,
2s. dis.

The foreign stock market is likewise inactive.
Mexican Bonds are drooping, and are last marked
235. The Turkish Loan of 1854 is quoted
691 to 70} ; and that of 1858, 54 to 52} ex div.
Sales are recorded as follows : Brazilian Old
Five per Cents., 1001 ; ditto five per Cents.,
1839 and 1859, 1004 ; Dutch Two-and-a-
Half per Cents., 63} (exchange 128.) ; ditto
Four per Cent. Certificates, 100} ; Mexican
Three per Cents., for account, ;
Portuguese Three per Cents., 1853, 47,
468 ; Piedmonteee Five per Cents., 76, 1. (exchange
25fr.) ; Russian Five per Cents., 1012 ; ditto Three
per Cents., 1869, 61 ; Spanish Passive, 171, ;
the Committee's Certificates, 6i, 6 ; Turkish Six
per Cents., 1864, for account, 70 ; ditto, Six per
Cents., 1858, for account, 521., ex div. ; ditto 100/.
Bonds, 53.

In the discount market yesterday there was no
pressure. The rate for the best bills up to sixty
days was 71 to 8 per cent. At the Bank a fair
demand was experienced. The bills due yesterday
(the 4th) and on Saturday appear to have been
very well met.

We learn that, notwithstanding the improvement
iu the New York exchange, one of the packets to-
morrow will take out a large amount of specie.
Arrangements have already been made to send
200,0001. , and it is probable that the total to be
despatched from Liverpool and Southampton on
that day may reach 300,0001. or upwards. The
sum first mentioned goes to one of the banks in the
Southern States, which is pressed upon for specie,
owing to the prevailing distrust.
About 45,0001. in gold, partly continental, was
bought by the Bank yesterday. The Norman, from
the Cape of Good Hope, has brought 4,2;301. in

The Liverpool cotton market yesterday was very
active. The sales reached 20,000 bales.
The advices received yesterday from Havana, rid
the United States, report the failure of several
Spanish houses, but it is understood that they have
no connexions here, and that their liabilities fall
chiefly upon the spot. The accounts altogether are
very unfavourable, the great losses on sugar, the
stable oommodityof Cuba, having been severely felt.
The steamship Australasian, which was de-
spatched from Liverpool by the Cunard Company
with the weekly American mails on Saturday, the
lflth February, haw put back to Queenstown, and
her mails have been taken on by the Arabia, which
sailed on Sunday. This information is contained ex-
clusively in the "Post-office Packet List" of yester-
day. It would be interesting to know some details,
more especially as the Australasian is the only
screw steamer used by that company under the
mail contract.

The Brighton Railway traffic return shows this
week an increase of 1,201/., and the South Eastern
an increase of 6801.

The traffic receipts of the Great Western Rail-
way of Canada for the week ending February lb,
were 8,4711. sterling, being 1,8781. more than in
the corresponding week of last year.
The London agents of the Illinois Central Rail-
way Company received yesterday the following
report : . . .

Illinois Central Railroad Office,
New York, Feb. 19.
Messrs. Robert &won and Co., London.

Gentlemen,—The lend sales of the week ending 15th
inst. amount to 25,4 M dole. 49c., being more than that
of the whole month of February, 1859.
The earnings of the road for the second Dole. e.
week foot up
Laat year same week was 51,039 70

hems*

We have advice of • very severe snow storm on the
northerly part of the line, which may probably obstruct
somewhat the quick working of the trains ; but nevertheless
we look for a first.rate month's business.

The inquiry as to land continue*, awl from the evidence
we are daily receiving there is every probability that our
calculation for extenaive sales during the present year
will be fully verified. Illinois offers inducement, for
settlements far superior to more distant districts of country.
The state being intersected by railroads affords easy com-
munication for travel and transport The small farmer
has a ready market for his surplus *product, and the large
one scope of land for any quantity of stock and cultivation ;
and all have a new country, at a low price, readily con-
vertible into the equivalent of an old one ; in other words,
the second year he has hisl,,wheat field or his tame gram
free from stumps and stones, the mud concomitants of •
wooded country.
In a more remote district, where nature has not favoured
• sectiou with a navigable strum', or art has not constructed
• railroad, the grain must be consumed at home, as it will
not bring the cost of carriage, and iusteud of finding a sale
for stock near at hand, it must bo driven at • great loss of
flesh and time to seek a distant market. _ _

This difference of position must insure the speedy settle-
ment of the company's lands, and give large earnings at an
early period.
Under this view, and considering that the lands are
nowhere excelled in productiveness combined with salu-
brity, and the liberal terms on wtich the company's lands
are sold, there can be no mi"takc in predicting a much
granter demand for actual settlement than has characterised
even the hitherto rapid development of til, State of Minds.

(wed)

YOun respoctfull_y,
Thomas E. WALLER,

Chairauui Executive Coiniiiittee.

The annual meeting of the North British In-
surance Company has just been held at Edinburgh.
The report shows an increase of 7,9681. Os. Ild. in
the fire premiums, which now amount to 43,3001.
Ils. 4d. annually. In the life department 741 new
policies have been issued, assuring 475,6491., and
producing 14,0701. 17s. 7d. in new premiums. The
total annual revenue is now stated to be 193,7401.
48.4 d., and the accumulated fund 1,090,730/.45. PAL
At the annual meeting of the Star Life Assurance
Society, held yesterday, the seventeenth report of
the directors stated that the number of new poli-
cies issued last year was 902, assuring 336,2901.,
and yielding an annual income of 11,3121., an
amount exceeding that of any previous year. The
total annual rev,snue is now 89,4391., and the pre•
mium fund 360,5301., showing an increase of
51,0851. during the year.
The annual meeting of Price's Patent Candle
Company is convened for the 28th inst., to declare
a dividend, and to approve a bill now before par-
liament.

The Fort George has arrived from China with
913,0001 be. of tea.

MONDAY Evvoia
Consols, which closed on Saturday at 911 to for
money and next Thursday's settlement, opened this
morning at the same quotation, and closed at 911
to I. After the recognised hours the quotation
was firmer again, at 911, " buyers." For
the 10th of April the price was at the same
time 924, and for money, 911 to
The official business report is ag follows :
Three per Cent. Consols, for money, 91/, I. 1 ;
ditto, for account (March 7), MI, 1, 1 ; Throe per•

Cents. Reduoed, ; New Three per Cents.,
91g, 4,4, ; Buuk Stock, 7324, 231, 233 ; Thirty
Years Annuities, expiring in April, 1885, 181 ;
India Stock, 221; ditto Five per Cent. Stock, 1064,
996, 1004 ; ditto for account, 100 ; ditto scrip,
101004, • ditto Four per Cent. Debentures, 1869,
Bonds, 19s. dia.

The " continuation " on Consols to the April
account this afternoon was as much as 9-16 to g per
cent.

The Five p_er Cent. rupee paper was quoted 94
to 95 ; the Five-and-a-Helf per Cent., 100 to 101
the scrip of the New Indian Loan, 1001 to it) being
firm ; and Exchequer Bills, 74. to fie. dis., being
dull.

In the foreign stock market there was no move-
ment of strik►ng importance.
There was nn alteration of importance in the
market for Bank shares. London and Westminster
Bank were in demand. In the miscellaneous share
market there were some inquiries for London Ge-
neral Omnibus.

The closing quotations for shares in new under-
takings to-day were as follow :—Ocean Marine In-
surance, 2* to 2 prem. ; Thames and Mersey
Marine, * to 1 prem. ; Universal Marine In-
surance, I* to I* prem. ; London and Provincial.
Marine, par to * prem. ; East India Irrigation,
I to * dis. ; India Cotton, par to I prem. ; East
India and London Shipping, par to f prem. ; Trutt
and Agency of Australaaia, to * prem.
There was a fall to-day in Virginia State Five
per Cents.