The Express.
London, England, 1861-08-02 00:00:00

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MONEY MARKET.-(THIS DAL)

Two o'CLocz.

The funds to-day are steady, at the
slight advance which took place yesterday.
Little business is going forward. There is
an entire absence of animation in any department
of the Stock Exchange. English railway stocks
are rather fiat. Lombardo-Venetian Railway
shares, however, have again advanced.
The India Loan scrip is firm, at 100} to 1 ;
and the Five per cent. stock at 90g to g.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rentes opened at
68fr. loc., showing a fresh improvement of per
cent.

Consols are officially marked 90,4, 90, and 1 for
money, and 904 for the account. The present quota-
tions are 904 to 1 both for money, and the 7th inst.
The official business report is as follows :—Bank
Stock, 234 ; Three per Cents. Reduced, 901,
90 ; New Three per Cents., 904, 90, ; ludia
Five per Cent. stock, 991,, 4 ; ditto for
account, 991, ; ditto scrip, 14104 ; ditto Four per
Cent. Debentures, April, 1864, 964 ; Five per
Cent. " enlaced" rupee paper, 944 ; ditto Five-
and-a-Half per Cent. 1014 ; Exchequerßills, March,
Ba. dia. ; ditto small, 14a., Be. die. ; ditto June,
Is., 4s. di a. ; ditto small, par, 4e. die.
A fresh advance of 4 per cent. has taken place
to-day in the Turkish Loan of 1858, which
is now quoted 694 to 4, after being
marked 70. The loan of 1854 is slightly better
at 791 to 4. Other foreign stocks are very quiet-
Sales are recorded as follows :—Danish Three
per Cents., 824, 83 ; Dutch Four per Cent. Cer-
tificates, 100 ; Russian Five per Cents., far ac-
count, 1024 ; Sardinian Fiveper Cents., foraccount,
794; Turkish Six per Cents., 1868, for account,
691, 70, 69, 1, # ; ditto 1001. Bonds, 72, n ; ditto
Guaranteed Four per Cents., 1004 ex div.
The reduction in the Bank rate caused but a alight
accession of business at the discount office at the
Bank yesterday, yet in the open market accommoda-
tion was not obtainable below 41 to 6 per cent., a
somewhat increased demand being experienced.
In consequence of the alteration at the Bank,
the Joint Stock Banks have reduced the rate
allowed for deposits from five to four per cent.,
except that the London and Westminster allow
only three for sums below 600/. The discount
establishments will henceforward give four per
cent. (instead of four-and-a-half) at call, " and
four-and-a-quarter (instead of five) " at notice."
In the Stock Exchange yesterday money was
again in demand, and the rates for short loans on
government securities were 4 to 44 per cent.
It is understood that within the last few days
some of the insurance offices who have suffered
by the great fire have effected realisations of
government securities.
About 19,0001. in gold was taken to the Bank yes-
terday. The Etna took on Wednesday only 19,9431.
in sie for New York, the exchant,e having risen to
1074. The Nova Sootian, for Quebec, sailed yester-
day with 26,2681. The Seine will leave for the West
Indies to-day with 9,7001. in gold and 4,600/. in
silver.

The Victoria Rahway debentures will be deliver-
able to the subscribers on the 16th inst., when the
whole amount—say 1,000,0001.—wi1l have to be
paid up. An instalment of 20 per cent. is also due
on the Indian Loan on the 20th inst., but a large
proportion of it has been paid in advance.
In the Liverpool cotton market yesterday pr►ces
were firm, but the sales were limited to 6,000 bales.
The pressure put upon the government with re-
gard to the stoppage of the bi-monthly China mail
has resulted successfully, it having just been ar-
ranged that the suspended service shall be recom-
I menoed on the 20th inst., via Southampton, and on
the 26th, via Marseilles. The mail will in future,
therefore, be despatched at the old dates, viz., on
the 4th and 20th of each month via Southampton,
and on the 10th and 26th via Marseilles. The rate
of postage will be increased from 6d. to Is. per half-
ounce, and this rate will also apply between China
and Australia.

A " large and valuable collection of mounted
diamonds,' despatched from the royal palaces at
Constantinople, is advertised for sale on the Bth
and Bth inst. in London.

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The Mercantile Fire Insurance Company is an-
nounced, with a board of which it may truly be
said that it is exceeded in strength by
none brought forward for some years past.
The capital is be 2,000,0001., in 80,000
shares of 251. each, of which it is proposed to call
up 400,0001., or Si. per share. The large increase
in the rate charged by the old offices has of course
contributed to the formation of this undertaking.
It is provided that "in every policy issued by tins
company, the liability of the shareholders will be
exprmly limited to the amount unpaid on the
shares held at the time a claim is made on such
policy." The project has been received with great
favour, and the shares are already quoted 1 to II
prem. in the Stock Exchange.
Other projects of a similar character are in course
of formation, but the public will see the wisdom of
withholding support from such as cannot show
names of a high class. One important undertak-
ing, representing the colonial, corn, wine and spirit
interests, has yet, it is said, to be brought forward.
It remains at present in abeyance, pending the
decision of the old companies with regard to a
modification of their new tariff. The com-
mittee appointed at the Mansiou-house meeting
on the 25th ult. will meet on Monday next,
to consider their future proceedings. Should
this project be ultimately organised, the amount of
capital will he very large, with a view to secure
complete independence of action, and an impor-
tant proportion of it will probably be placed
amongst the various interests before the prospectus
is launched. _ _ .

The Eastern Counties Railway traffic return
shows this week an increase of 573/. ; the Man-
chester, Sheffield, and Lincolnshire, an increase
of 37/. ; the Lancashire and Yorkshire, a de-
crease of 2,8421. ; the Midland, an increase of
92/. ; and the North Eastern, an increase of 1,1471.
We are informed that Sir Charles Wood has agreed
to the interpretation of the terms conceded to the
East India Irrigation and Canal Company, as
claimed by them, and that the contract altered in
accordance with Lord Canning's views has been
sent to India for execution by his lordship.
This result is satisfactory, and will tend much to
promote the execution of necessary public works in
India. The first meeting of the company will be
held on the 15th inst.
At the meeting yesterday of the City of London
Brewery (Calvert's) Company a dividend at the
rate of 6 per cent. per annum for the half-year, on
both the ordinary and preference shares, was de-
clared.
The half-yearly meeting of the Salisbury and
Yeovil Railway Company is called for the 16th
instant.
A call of V. is to be paid on the shares in the
United Kingdom Electric Telegraph Company by
the 22nd August.
The certificates for shares in the China and
Japan Steam Navigation Company are now ready
for delivery in exchange for the bankers' receipts.
The position of the market for American securi-
ties is noticed as follows by Messrs. D. Bell, Son,
and Co. :
The market for American securities during the post week
has been very firm, but so small has been the amount of
actual business that prices remain without material altera-
tion.
The return of the Bank of England for the week
ending Wednesday, July 31, compared with that
for the previous week, shows the following changes
Circulation issue
Circulation active
Public deposits 3,701,952 Diserease 421,508
Other deposits
Government securities is
banking department
Other securities in banking
department
Ooin and bullion in both
departments 12,196,708 Increase 476,618 ,