The Express.
London, England, 1861-06-10 00:00:00

LIWNG A WILD.•

MONEY MARKET.-(THIS DA }.3

Two o'Cloes.

The tendency of the funds is still downwanla
fresh reduction of per cent. has taken place to-day.
In the other departments of the Stock Rachangs
business continue, very inactive, and the only
movement of importance is a rise in Caledonian
and Lancashire and Yorkshire railway stocks.
At Paris this morning, according to Mr. Reuterit
telegram, the Three per Cent. Rentals opened at
67fr. 65c., ex div., being the same as on Saturday.
Consols are officially marked 881, 4. and I,
ex div., for money, and 90k and 90 ex div., fee
the acoouut. The present quotations are BAI
to 4, for money, and 90 to for the 10th of July.
The official business report is as follows :—Rank
Stock, 231; Three per Ceuta. Reduced, 894, ;
New Three per Cents., 894, 4, 89, ; India Stook
(shut), 225 ; ditto Five per Cent. Stock, 97i, el
div. ; ditto Bonds, 18e. dia.

The Turkish Loan of 1854 has declined * per Gent,
being quoted 74 to I. That of 1858 is supported at
55 to }. Other foreign stocks have met with
scarcely any busiuess. Sales are recorded as fel-
lows :—Portugueso Three per Cents., 1853, 47} ;
Russian Three per Cents., 1859, 62 ; Spanish
Passive, 163 ; Turkish Six per Cents., 1858, fer
account, 55, }.
The Prince of Wales and Peru have arrived from
Melbourne—the former with 89,0001. in gold, and
the latter with 58,0001.
The discount market on Saturday was rather
quick., but not much business was done below 6 par
' cent., as it is foreseen that during the present
month, -when the revenue will accumulate, the
Bank will have a large degree of control over the
market. The applications at that establishment
were to a fair extent for a Saturday.
Only 6,000!. in gold was bought by the Bank on.
Saturday. The Tyne, for Brazil, will take 14,0001
in silver and 3,5001. in gold.
The Africa, for New York on Saturday, hes
taken 65,1151. in specie, making altogether
6,693,0001. since the end of last November.
The remittances are checked for the present,
bj the difficulty of procuring loans on securi-
ties in the Stock Exchange, as well as by the feet
that a certain amount of securities is at present
being moat back to America, where the prices of
many kinds of state and city bonds are now higher
than inLondon.

The Manchester journals announce the &Hume(
Messrs. Pearson and Briggs, manufacturers. The
amount of their liabilities is not stated.

The Liverpool cotton market on Bi;turday was
steady, with sales to the extent of 8,000 bales.
The London agents of the Illinois Central
Company have received from New York the
following report, which shows how general is the dis-
turbance occasioned bythe present political troubles:
°Moe of the Illinois Contest Railway Company,
New York, May Z.
Messrs. Robert Beason and Co., London.
Gentlemen,—There has been a great prostration of boa-
nese in Illinois for the last week or two, in cioasequenee el
the depreciation of the currency. The basis of seenrity ea
which the issue of bank notes was founded is state sees-
ritise—eay, Missouri, Tennessee, he.—formed • masidssabls
item, sad differing in the respective banks as to their rim-
Mon. These securities are very much reduced in vales—a
very few of the banks have other representative valseetehar
Nowa. Many of them have little or no lbw's= bat sittalwr
notes. These notes, exoept the few, are not worth over Ms.
to 90e. on the dollar. The people have repudiated this cur-
rency at par rates, and it his been proposed that thy
should be taken and paid out at the MOO they are napes-
tively valued at. Another proposal is to take ea welsegedl
elms at par, including in them bank hones valued at 80s. be
90c. ; a third proposition that all but specie paying beaks
should be refused altogether. Telegraphic repeats hod
Ito the belief that the latter is to be astablisieei.
It mast be so in the end, se it is impossible to maintain •
depreciated currency in a community which has so !ergs as
export of absolute necessities of life as Illinois. files ma
command the specie.
This disturbance, and the unsettled skate of polities!
affairs, has influenced our receipts, both from operations
and land. It will take a little time to pat basins= in eta
regular frail. In the meantime it is satisfactory to Sad we
are keeping a-head of last year, and that the land inquiries
an showing an increase over those in the early part of the
mouth.

The mouth's movements will afford a fair oppmtnnity et
forming some conclusion as to the business o the company
in prospect.—Yours truly,
(Bisned) THONAB E. WALW.
Chairman Executive Committee.
At the annual meeting of the emperor Life
Assurance Society, held on the 30th May, the direc-
tors' report Mated that during the past year the
company's progress has been more satisfactory than
on an previous occasion. The number of policies
issued in the year was 5,425 for 30t,6961., against
2;850 policies for 209,4021. In 1860. At the same
time, both the expenses and claims for the past
year were considerably less than for the previous
one. A dividend of 5 per cent. on the paid-up
capital was again ',recommended and declared. In
the Fire Insurance department the directors' repast
likewise shows a favourable result.

A dividend meeting of proprietors of the Londe&
and Westminster Bank is called for the 17th July.
The arrangements are notified preparatory to the
payment of the half-yearly interest on the shares of
the Oriental Inland Steam Company.

akTUILDAT levamea.
Consols, which closed yesterday at 90k to 1, ex
div., for the 10th of July, opened this moramg at
90k, " buyer" and closed at 901 to 4. For
money the laid price was 891 to 1 ex div. The
official business report is as follows: Three par
Cent. Consols, for money, 891, 1, I, 1, ex div. ;
ditto for account (July 10), 901 ex div. ; Three per
Cents. Reduced 891, 1; New Three per Cents.,
891, ; India Five per Cent, stock, 971, 1, ex
. div. • ditto Four per Cent. Debentures, 1868, 961 ;
ditto 1869, 96 ; ditto Bonds, 10s. dim.
The Indian Five per Cent. Stock was quiet, at
971 to ex div., for money. The March R.:che-
quer Bills remain quoted Gs. to 2s. dia. There
were some purchases of India Bonds at 10s. dia.,
the market for these securities having latteely
become rather firmer.

The transactions in the foreign stock market were
rather more numerous than is usual on a Saturday,
but there was no improvement iu prices.
No change occurred iu the market for bank
shares. St. Katherine Dock atock was quoted
rather better. English and Australian Copper
shares were heavy. Great Ship were quoted 6e. 6d.
to 7s.

The closing quotations for shares in new under-
takings to-day were as follows :—Ocean Maria.
Insurance, 31 to prem. ; Thames and Mersey
Marine, 3 to I prem. ; Universal Marine Insu-
rance, to prem. ; London and Provincial
Marine, i dis. to par ; Natal Land, to prem. ;
China and Japan Steam, par to prem.
Cape of Good Hope Government Bonds were in
better demand to-day.

The Stade Dues are at an end at last. Govern-
meat has received intimation that them obstructions to
commerce, which have e the attention of so new
parliaments, and eograaied the labours of so many si-
mioistratione, are at last about to cease. No more does will
he levied after the Ist of July next. The sum to be paid by
Great Britain as her share of the indemnity will be Rues
lees than was generally apprehended. Although ours is, of
course, the lion's alum, it will he, in Mr. Disraeli's Oman,
a mere "fleabite." The English payment will be little over
160,0001. f3o far from deranging Mr. Gladstone's simpler.
the Chancellor of the Exchequer a ell it settle by a ebeck eat
of hie balances, without its being felt in the slightest degree.
—Observer.
ROYAL EAST INDIAN MILITARY COLLIOF, ADM-
COMBR.—FITIAL CLOtli or Tat COLLO:IL—OD= the
half .yearly meeting and visit of the East India task
place at the Royal Military College at Addisensalea. the
customary examination of the gentlemen cadets In the dif-
ferent branches of learning having previously taker lime
lq a committee of the Council of Military Idenaties.
There was a more than usually numerous a @dig
probably from the fact that with this day's peuesa cgs the
doors of the college would be permaneatl elesed, sew
again to be opened to those desirous of eomslatiag the daub
of some of the most distinguished camel whose semis MD
emblazoned in Indian history, who remised their edesslium
at Addiscombe College. The Eight am Sr Merles=
Secretary of State for India, fiir J. W. Raw and
other members of the Council for lean were presoak be-
sides s large body rf visitors, anion whom were several
ladies of distinction.