The Express.
London, England, 1861-08-27 00:00:00

1 I

MONEY MARKET.-(THIS DAY.)

Two o'CLocx.

The tendency of the stock market is still up-
wards. A fresh rise of to per cent. has taken
place to-day in the funds, and of to per cent.
in the principal English railway stocks. The ad-
vance on the Paris Bonnie has a good effect. There
is not much business going forward in any depart-
ment, but the general tone is decidedly favourable.
At Paris to-day, according to Mr. Renter's tele-
' gram, the Three per Cent. &intim opened at
08fr. 75c., and advanced to 08fr. 80c., being about
/ better than at the close yesterday.
The India Loan Scrip, after being marked 1041,
has relapsed to 1031 to 104. The Stock is
quoted 103 to f.

Consols are now quoted 92t, to t for money,
and 921, " buyers " for the 10th September.
The official business report is as follows :—•
Three per Cent. Consols, for money, 921, 4 ; ditto,
for account (Sept. 10), 922, 1 ; Three per Cent.
Reduced, 921,111 ; New Three per Cents., 92j,
1, } ; India Stock, 220 ; ditto Five per Cent.
stock, 1031, / ; ditto, for account, 104,
1. ; ditto, Scrip, 1041, 1061 ; ditto, Five
per Cent. enfaced rupee paper, MI ;
ditto Five-and-a-Half per Cent, 103, 103} ;
ditto Four per Cent. Debentures, 1859, 981 ;
Exchequer Bills, March, 64., 2s. die.
The foreign stock market is very inactive. The
only alteration worthy of notice is an improve-
ment of 1 per cent, in the Turkish Loan of
1858, which is now quoted 091 to 1. Sales
are recorded as follows :—Brazilian Four-and-a-

Half per Cents., 1860, 89} ; Chilian Four-and-a-
Half per Cents., 821 ; Equedor New Consoli-
dated, 14i ; Peruvian Four and-s-Half per
Cents., for account, August 30, 9D ; Turkish
Six per Cents., 1858, for account, 6w, ; Dutch
Two-and-a-Half per Cents., (exchange 12 gull.),
641.

The following circular has just been addressed to
the creditors of Messrs. Beater, Dennant, and Russ :
14, Iroumooger•lane, Loudon, E.C..
Aug. 26, 1861.
AZ BEATAR, DE'SNANT, AND RUMP.

Gentlemen, - A legal point of oonsiderable import-
arm having arisen in connexion with the above estate, you
are invited to attend a general mooting of the creditors at
the Guildhall Coffeehouse, in this city, on Friday next, the
30th inr, at 12 o'clock precisely, when the subject will be
brought under consideration, and the opinion of the meeting
taken thereon. —We are, gentlemen, your obedient servants,
111)::}A, HUMPHETM, axe HONET.
Foos o'Ctocx.
Consols are slightly flatter, at 92} to fur money,
and an to for the account.
In the discount market yesterday the best bills
were taken at 4 per cent. At the Bank b usiness
was very quiet.
The fortnightly settlement in shares and foreign
stocks will commence to-morrow (" continuation"
day), and terminate tal Friday.
About 4,000/. in gold was bent into the Bank yes-
terday.
The China exchanges are reported by telegraph
as again rather better for this country.
Each mail from America now causes a rise in cot-
ten. Prices were quoted at Liverpool yesterday
about id. higher than on Friday, and the sales
were extraordinarily large, reaching 30,000 bales.
London and Brighton tailway stock was quoted
about 1 per cent, lower yesterday, in consequence of
the terrible accident.
The seventh call of 3/. is to be paid on the shares
in the Cape Town Railway and Dock Company by
the 21st September.
Formal notice is given that a petition for the i
• winding up of the Bank of Turkey s expected to be
heard before Vice-Chancellor Wood on the first
' petition day in November.
The third call of 61., making 16/. paid, is to be
i ttkon the now shares in the London Chartered
of Australia by the Ist October.
The London agents of the Illinois Central Rail-
' road Company have received the following, dated
from Chicago, August 7, 1861, addressed to the
Chairman of the Executive Committee, New York:
We have been compelled to reduce our freight tariff,
which was so high se almost to prohibit transportation of
corn at the preseutlow prices. Tho surplus from last yeses
crop seems almost inexhaustible. In northern Illinois one.
third of the crop of wheat is still in hand, in many place;
and in central Illinois the stock of old corn is immense, the
price ruinously low. The large receipts at Chicago of 1860,
32,824,960 bushels, will be greatly overrun thin season ;
719,163 barrels of flour and 21,896,607 bushels grain received
at Chicago since January 1, make an aggregate of
25,429,422 bushels in seven months, and 250,090 to 300.000
bushels of daily receipts will, a month hence, carry the rme
beyond the great import of last year. Corn isselliug in the
country at 12e. to 15c. ,• wheat at 55e. to 70e. ; oats, at Sc.
to 10e. ; flour at 3 dole. 25c. to 3 dole. 75e. From
a careful computation we estimate that the producer
has sold 25,492,422 bushels grain for 8,428,415 dole. 840.
If corn advances 10e. per bushel, 115,000,000 bushels could
readily be brought in to Chicago. The coming crop pro.
mixes very largely indeed. A week of almost tropical
weather has matured it rapidly, and placed it beyond any
contingency of frost. The harvest of wheat has been folly
an average, and the quality em.remely good. :Ain, with
this extraordinary plenty, we shall find extreme difficulty
in oar progress until the blockade at Cairo is removed. The
ears of grain produce little more than the grower requires
for his necessary supplies and expenses ; they do not travel,
and our through passenger traffic from the South is at an.
end. There are forces stationed on all the lines
of communication north from Tennessee and oo the
rivers at Memphis, to prevent parties going north.
Mr. Arthur runs but one doily passenger train, the *them
ere mixed trains. The entire force in the employ of the.
company is reduced from 3,600 in 1859 to 2,350 persons,
less than 31 to each mile of road. This number includes
officers of all classes. In the use of fuel, by conversion of
wood to opal-burning engines, and in road repairs, our ex-
penses are much decreased, and for the present half•year
will be as light as its possible to reduce them with safety.
The proposal to receive core for land notes at lie. to 20e.
per bushel was made last month, when there wile scarcely
any demand for corn, and served to stimulate business by
regular dealers at to 3e. per bushel below our figures.
We have received about 50,000 bushels, and sold it without
hex It is more than probable that a larger quantity will
come in this month ; tor the farmers have heretofore been
bmy securing their wheat and hay crops.
It is said that the office with which the new Com-
mercial Union Fire Insurance Company is to be
amalgamated is the Liverpool and Loudon. This
office stands in high repute at Liverpool, and its
shares are at a very considerable premium.
The following is from a correspondent interested
in the tallow market :

Since our last report this market has been finn, with •
very large demand, and pricey have been steadily advancing.
On Saturday en almost entire absence of sellers caused •
considerable degree of firmness end some excitement, end
prime advanced to 475., 475. 6d. on the spot ; 475. 3d.,
47e. 6d. Oct. to Dee., and 48e. for separate moot& delive-
ries ; 1860 import, 45e. 6d. The demand on spot has been
extremely large, upwards of 12,000 casks haying found
buyers since the 19th, • portion being for export. In
our last we stated that owing to certain circumstances
which had occurred at St. Petersburg, it was not
improbable that • considerable quantity would be kept
over at St. Petersburg until next mason. This
opinion mime now to be generally entertained, and
erects as they transpire seem to confirm it. The shipment"
et St. Petereburg to all places are only 11.968 casks, Against
61,123 last year, showing • deficiency of 49,157 casks. The
delivery for consumption last week was 3;42 casks, against
only 1,811 in the corresponding week last year ; and in the
last five weeks 14,699 maks have been delivered, against
only 8,7791 a the same period in 1860. The stook, as we
predicted souse weeks ago, is approximating to that of last
season. On the let June last it was about 40,000 over that
of last year ; it is now only 10,002 in excess, with but •
trifling quantity coming forward at present from St.
Petersburg.

MONDAY EVININO.

Consols, which closed on SZ;id7y—iiiii,
" buyers," for the 10th September, were first
marked this morning at 92/ and 92, and closed at
921 to 1. For money the last price was 921 to I.
The official business report is as follows :—Three
per Cent. Consuls, for money, 911, 921, 1 ;
ditto for sooount, 921, 92, 92f, * ; Three per Cents.
Rednoed, 921, 91/ New Three per Cents., 911,
921, k ; Rank Stock. 235 ; India Stock, 220; ditto
Five per Cent. Stock, 1021, ft, 1,1, lon ; ditto
for acoount, 1021, 1,1, 103 ; ditto Scrip, 1031.
103 ; ditto Five per Cent. "enfaood" rupee paper,
96, 961, 96 ; ditto Five-and-a-Half per Cents.,
1021; ditto Four per Cent. Debentures, Oct., 1883,
981 ; ditto, 1859, 98, 97/, 081.