The Express.
London, England, 1861-07-20 00:00:00

MONEY MARKET.-MlllB DA L)

Two oTtocw.

The funds continue decidedly heavy. A fresh
decline of 1 to 1 per cent. has taken
place to-day. Busineas continues as limited
as for some time past. The other
markets are very doll, and in several instances, in-
cluding Turkish Honda, English railway stocks,
and Grand Trunk of Canada Railway shares, the
tendency of price* is downwards.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cont. Renter opened at
67fr. 77c., being about the same as yesterday.
The scrip of the new India Loan is dull, at 100
tv /, and the Five per Cent. Stock at 991 to 1.
Consols are officially marked 891, g, and 1 for
money, and 891, 1, and 1 for the account. The
present quotations are 891 for money, and 89 11-16
to 13-16, or 891, for the 7th of August. The official
business report is as follows :—Bank Stock, 231 ;
Three per Cents. Reduced, 891, I, ; New
Three per Cents., 891, ; India Stock,
221 ; ditto Five per Cent. Stock, 991, 1 ; ditto for
account, 991 ; ditto Scrip, 1001, 1 ; ditto
Four per Cent. Debentures, 1863, 961 ;
ditto, 1864, 961; Five-and-a-Half per Cent.
" enfaced" rupee paper, 1011 ; Exchequer Bills
March, small, 9s. dis. ; ditto June, 35., Is. dis. ;
ditto small, N., 45., 3s. dis., Is. prem.

The foreign stock market is dull. There is a re-
duction of about per cent. in Turkish Bonds ;
the loan of 1854 is now quoted 79 to 1,
and that of 1858, 66 to 1. As regards
other descriptions there is no movement whatever.
Sales are recorded as follows :—New Grenada De-
ferred, 4 ; the Spanish Committee's Certificates,
; Turkish Six per Cents., 1854, for account,
791 ; ditto Six per Cents., 1868, for account, 66,
1, 66 ; ditto, 1001. Bonds, 681.
The Africa took to-day for New York only
16,5521. in specie from England, and 92,000 doles
and 150,000 fr. from the Continent.

RALF-PANT Two o'Ctocu.
Consols remain dull at 89e, " 'se llers," for money,
and 891 for the 7th of August.
..

Ell4o prevailed yesterday in the discount market.
Good bills were taken at b por cent., and in some
instances • fraction lower. Little business was
done at the Bank.

In the Stock Exchange the rates for loans on
government securities were 4 to 5 per cent.
Yesterday was the day for the payment of the first
instalment on the New India Loan of 4,000,0001.
It amounted, on the average, to about 17 per cent.,
or 700,0001. in all ; but, owing chiefly to the anxiety
of the dealers in the Five per Cent. stock to obtain
a fresh supply, the amount of the scrip paid up in
full, in addition to the instalment, was between
600,0001. and 700,0001.
About 92,0001. in gold, nearly all Australian,
was taken to the Bank yesterday.
On 'Change yesterday afternoon there was a fair
demand for bills on the Continent, with little altera-
tion in the rates, which were quoted as follows :
Amsterdam, 3 months, 1201 to 14 ; ditto 3 days, 11.181
to 194 ; Rotterdam, 3 months, 12.1 to • Antwerp, 3
months, 25.62 to 74 ; Hamburg, ma. banao, 3 months,
1110 to ; Paris, 3 days, 25.15 to 40 ; ditto, 3 months,
25.65 to 70 ; Frankfort-on-the-Ran" 3 months, 1194 to
Petersburg (per rouble), 3 mcntha, 321 to ; Vienna.
eff. flw, 3 months, 14.30 to 11 ; Trieste, eff. So., 3 months,
14.30 to 35 ; Madrid, 3 months, 48 to 4 ; Cadiz, 3 months,
48( to 4 ; Leghorn, S months, 25.80 to 5 ; Genoa, 3
mouths, Milt) to 5 Milan, 3 months, 25.80 to 5
Naples, 3 months, 384 to 4 ; Palermo, 3 months, 1174 to ;
Messina. 3 months, 1174 to 4 ; Lisbon, 10 days, 524 to ;
Oporto, 90 days, 524 to 4.

At Paris the rate of discount in the open market
is 41 per oent. ; Berlin, 311 ; Vienna, 6 ; Amster-
dam, 3 ; Frankfort, ; Turin, 6/ ; and Brussels,
3 per cent.
Another failure in the Australian trade was
announced yesterday, the firm being that of Mesars.
W. J. and H. Miller, of Cannon-street. The stop-
page has been caused by that of their house at
Melbourne, Messrs. Miller Brothers. The liabili-
ties are probably not less than 50,000/.

The annexed memorandum from the Committee
of Spanish American Bondholders relates to the
debt of Venezuela :

The Committee of Spanish American Bondholders having
made an urgent representation to the government of Vene-
zuela on the subject of tee existing arrears on the foreign
debt of that republic, and requested that the government
would at once appropriate 25 per cent. of the custom house
duties to meet the interest of the debt, have received a
reply from the Minister of Finance, dated Comas, the
21st alt, stating that in the actual unsettled state of the
republic it is impossible for the present to comply with that
requisition. The government are, however, occupying them-
selves with efforts to obtain such financial resources as may
enable them to meet their engagements to their foreign
creditors.

At the meetiug yesterday of the Grand Trunk
Railway Company of Canada resolutions were plowed
adopting the second report of the select committee
appointed on the 2nd of January last, as well as
that of the directors, and thanking the former for
" their able and practical report." Another reso-
lution authorises the directors to appeal to the
Canadian authorities, " with a view to the earliest
possible legislation in respect of the several mat-
ters referred to in the reports of the directors: and
the committee."

In connexion with the agitation which is being
rained against the demand for increased rates of
premium made by the principal fire insurance
offices, it is of some importance to remark that the
Imperial Insurance Office dissents from the course
pursued by the other boards.
With reference to the position of affairs in New
Ztalaud, a private letter, dated Auckland, May 7,
has the following :
There is nothing new relative to the war. Negotiations
see still !wading. However, there is more confidence gene-
rally, sad • reaction, of mine dependent on peace being
restored, is shortly expected. The demand for timber is
very great, so much so that some of those in the trade ma
take no further orders for three months to come.

The Gatett, specie statement for the week ending
Wednesday last gives the following totals, viz. :
Imports of gold, ; 156,5761. exports of gold,
413,2591. • imports
of silver, 80,0841. ; exports of
hilver, 34i; 7441.

Thu Emigration Commissioners will receive ten-
ders on the 25th inst. for the hire of shipping to
convey liberated Africans so Jamaica, from Sierra
Leone.

FLOAT EVERNO.
Consols, which closed yesterday at 891 to
90, for the 7th of August, opened this
morning at the same quotat;on, receded to 892
to 4, and elated at 894 to 90. For money the
last price was 891 to 1. the official business report
is as follows :—Tfiree per Cent. Consols, for money,
ges„ 5, f ; ditto for account (August 7),
891 1 ; Three per Cents. Reduced 89j,
1, ; New Three per Cents., 89j, 1, ;
Thirty Years Annuities, 161; India Sunk, 219 ;
ditto Five per Cent. Stock, 991, ; ditto for
account, 99k, ; ditto scrip, 1004 ; ditto Four
per Cent. Debentures, 1864, 96j ; ditto Bonds,
13s. dia.

The scrip of the New India Loan was finu,
closing at 100 f, and the Five per Cent. Stock at
991 ht Larch Exchequer Bills were dull at 9n. to
4s. dia., end the June at 3s. die. to L. premium.
There were numerous variations in the Turkish
Loan of 1858, which was dealt in between 64 and
64. At the close the price had recorered to 881
tot being still, however, f per cent, lower than
yesterday. The cause of the decline was appa-
rently an idea that a new loan will soon be
attempted. The Bowls of 1854 fell * per *mt.,
leaving off at 79f to f. Mexican Bonds remain
quoted 221 to ft. Buenos Ayes were dull.
In the market for Bank shares the only variation
was an improvement in City Bank. The miscel-
laneous share market was quiet. Peninsula and
Oriental Steam shares were quoted rather better.
The closing quotations for shares in new under-
takings to-day were as follows :—Ocean Marine
Insurance, 4 to 1 prom. ; Thames and Mersey
Marine, f to 1 prem.; Universal Marine Insurance,

to di& ; London and Provincial Marine,
par
oiLeehina and Japan Steam, par to prem. ;
Commercial Copper, # dia. to par ; Natal Land,
par to & prem. ; National Boat-building, a to
prem. ; and Compressed Coal, 5-16 to 7-16 prem.
Universal Marine shares have fallen, on the
announcement of a call.

The shares of the Oriental and General Marine
Insurance Company were inquired for in the after-
noon, and chimed at to
_prem.
Victoria Government Debentures were rather
heavy to-day pending the new issue.