The Express.
London, England, 1861-08-05 00:00:00

MONEY MARKET.—(THIS Ddi.)

Two o'Cloci.

The important news from America has exercised
an adverse influence on the stock markets to-day.
In nearly all the principal securities a decline has
taken place. The reduction in the funds, however,
does not exceed per cent. English railway stocks
have fallen, in most instances, to per cent.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened at
681 r. 20c., being he. lower than on Saturday.
The India Loan scrip is rather flatter at 100
to 1. The Five per Cent. stock is quoted 991
to 1.

Consols are officially marked 90 and a for money,
and 90 for the account (Auguet 7). The pre-
sent quotation is 90 to I both for money and
the approaching settlement. The official
business report is as follows Bank
Stock, 235 ; Three per Cents. Reduced, 90A, 90;
New Three per Cents., 901, 90 ; India Stock, 2191 ;
ditto Five per Cent. Stock, 99i, ; ditto Four per
Cent. Debentures, April, 1864, 961 ; Exchequer
Bills, March, 135., 16s. dis. ; ditto June, small,
Is., 3.. iii.

The steamer Great Britain has arrived from Mel-
bourne, and is known to have at least 320,000!. in
gold.

- 24

161
ni I

sot xd
WI xd

411 i.

id

The closing quotations for shares in new under-
takings to-day were as follows :-Ocean Marine
Insurance. 4, to prem. ; Thames and Mersey
Marine, # pram. ; Universal Marine In-
surance, to a dis.; Landon and Provincial
Marine, par ; China and Japan Steam, par to A
prem. ; Natal Land, # to g dis. • Oriental and
General Marine, #to 1 prem. ; Mercantile Fire
Insurance, to l# prem. ; and Compressed Coal,
ito Prom
Cape of Good Hope Government Bonds werr
dull. There were inquiries for Victor Emmanuel
Railway Bonds, which experienced a slight improve-
ment. Virginia State Dollar Bonds have risen.
The New York and Erie Railway preferred
shares are still rising, and were dealt in to-day as
high as 47.

MINES.-(THIS DIY.)

Two o'CLocw.

The mining market is dull to-day, and prices are
mostly looted the same as at the close on Satur-
day. :So business is reported in the Stock Ex-
change official list.
rutted iti;.^...!cau Mining shares are less
firm, transactions being ofSchdly recorded at 4a
and 4}. In other foreign and colocial descriptions
no change has taken place.
The general position of the mining ma:lmi is
noticed as follows by Messrs. Webb and Geacb.

Business remains unusually inactive, caused chiefly by the
continued uncertainty with regard to the American dispute,
and the preseut low standards for both tin and copper.
East Carations, afterbeing steady for some days ist 24 to 4,
declined ou Wednesday to 734 to 4. Fiat Russells have
fluctuated between 34 to 44, bat close dull at 3 to d ;
the lode in the 88 (elbows level having again fallen off in
value. East Bassets also very dell throughout the week,
sod chiefly selling orders on the market ; to-day they have
receded to 76 sellers ; the dividend declared at the meetiog
on Tuesday hurt was 5/. per share, but unless further dui.

In the foreign stocks the Turkish Six per
Cents, of 1858 were marked in the morning 691,
but have since improved to 692 to 70. The 1854
Loan is gnoted 79 to 79i. The general busineee has
been rather limited. Mexican Bonds remain dull.
Sales are recorded as follows :—Brazilian Four-
and-a-Half per Cents., 1860, 871 ;Mexican Thruper
Cents., for account, 22i, 22 ; Peruvian Uritarren
Four-and-a-Half per Cents., 84 ; Portuguese
Three per Cents., 1853, for account, 47 ; Turkish
Six per Cents., 1858, for account, 814, 701, 69g.

The amount of bills falling due on the 4th, and
met on Saturday, appears to have been below the
average. The discount market was quiet, and the
best paper was taken at 4/ per cent. At the Bank
of England very little busiuena was done.
About 20,000/. in gold was taken to the Bank
on Saturday.
The Persia, for New York on Czaturday, took
only 30,0001. in specie.
The Liverpool cotton market is reported firm,
but the sales on Saturday were limited to 5,006
bales.

An extraordinary meeting of the Ceylon Railway
Company is called for the 19th August, to authorise
the directors to take the final measures for dis-
solving the undertaking.
The half-yearly meeting of the Metropolitan Rail-
way Company is called for the 28th inst., and that
of the Berlui Water Works Company for the 15th
instant.

The Master of the Rolls proposes, on the 9th
instant, to make a mil of lbs. per share on the con-
tributories of the Electric Telegraph Company of
Ireland.

The following are extracts from the allotment
letter for the new Four-and-a-Half per Cent. Pre-
ference shares of 1801 of the Lancashire and York-
shire Railway Company I

The deposit of 21. per share must be paid on trr before the
bib day of September next, or the allotment will he can.
celled ; if paid prior to this date the beaten are authorised
to allow a rebate of interest at the rate of 4?! per cent. per
annum.

You are at liberty to renounce your allotment in favour
of any other person, provided you sign the fond of renun-
ciation at the foot of the allotment letter, and that the
person in whose favour you renounoo shall sign the accept-
ance thereof.

ill CAPS vou wish to reuounco a portion only of your allot•
meet. dividend allotment letters will be granted ou or before
the 17th day of August next, provided the present allot-
meat letter be retarned to me at the time of making the
application.
Should yea be desirous of paying sp at once the full
ameust of 101. per share. an authority for the bankers to
receive the tomainin installment will be furnished upon
application to the tin ; cud nob prepayment,
in full, coupons of stock will be imaed ex early as posaible,
but the directors de not bind themselves to grant this pi-
slimes after the sth September nest.
In ease the whole number of shares sheuld not be taken
up, if you we disposed to accept a farther allotment, ?rot
will Seam to till up the enclosed twist of implication, and
refers it to sae set Later than as ink demist.

In the theory of the Porn* E.,;henujee (Effing-
ham Wilaoa, £eyal Exchange) as furnished a clear,
comprehensive, and valuable explanation of a kind
of financial bireinees whir* is far toe little under-
stood. The book possums a very practical cha-
racter. Tke author's enumeration of the various
elements; of value which determine the fluctuations
in the prima of foreign bilk, and his review of the
correctives which nosy be applied when the ex-
changes are unfavourable, form chapters of parti-
cular interest from their hearing upon the recent
efflux of geld to ♦merica, as well a« ;upon the
draughts occasionally male upon our reserves of
bullion by the Bask of France, or other continental j

SIMVADAV EMNING.
Consols, which doss& yestendayst 901 to 1., for
money awl next Wednesday's settlement, opened . .

and closed to-day at tie Ranee quotatica. At one
period of the morning there was au improvement
to 9q, " buyers." Tke official business report is
as follows :—Three per Cent. Console, fur money,
901, k ; ditto, for amount (Angela 7), 90k, f ;
Three per Cents. Reduced, 90, I ; New Three per
Conks., 90k, k ; New Two-and-a-Half per Cents.,
; 'Bank Stuck, 233, 236 ; India Five per Cent.
stock, 99„, k ; ditto Four per Cent. Debentures,
Ott, lttli3, 78 ; Five per Cent. "eufaivel" rupee
paper, 94k.
The scrip of the new India Luau was quoted
100 tot, and the stook 991 to }.
The March Exchequerßills remain quoted 13s.
to Bs. die. ; sad the June at 4s. die. to par.
The Turkish Bonds of 1858 were again in Jeunuid
to-day, and rose I per cent., clueing at 694- to j,
which is the best point of the week. The Loan .if
1851, on the other hand, declined per cent., being
last quoted 78} to 79. Mexican Bonds were steady
at 22k to I.
Bank shares to-day were quiet. London Dock
stock was inquired fir. Miscellaneous shures were
unaltered.