The Express.
London, England, 1861-06-18 00:00:00

MONEY MARKET.-(THIS DAL)

Two o'CLocw.

The funds are again 1 per cent. lower to-day,
although the weather continues as Sue as could
be desired. Business throughout the Stock Ex-
change is as languid as ever. English railway
stocks, in most instances, are 1 to 1 per cent.
lower than yesterday.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Renter opened at
67fr. 95c., ex div., being 6c. lower than yesterday.
Consols are officially marked 891 and 90 ex
div., for money, and 901 and 1 ex div., for the ac-
count. The present quotations are 891 to 1
for cash, and 901 to 1 for the 10th of July.
The official business report is as follows:—
Three per Cents. Reduced, 891, 1; New Three per
Cents., 891, 1, 1 ; India Five per Cent. Stock,
94, ex div. ; ditto for account,
991, ex div. ; ditto Bonds, 12s. dis. ; Five per
Cent. " enfaced" Rupee Paper, 94 ; ditto, Five-
and-a-Half per Cent., 1001 ; Exchequer Bills,
March, 7s. dis. ; ditto June, par.
The foreign stock market is quiet, and no change
worth mentioning has occurred in prices. The
Turkish Loan of 1854 is quoted 721 to 1, and
that of 1868, 64 to 57. Sales are recorded as
follows :—Brazilian Old Five per Cents., 981 ; ditto
Four-and-a-Half per Cents., 1880, 871, ex dir. ;
Mexican Three per Cents., for account, 221, 1 ;
Sardinian Five per Cents., for account, 781,
ex div. ; Turkish Six per Cents., 1864, for
account, 721, ; ditto Six per Cents., 1858, for
account, 514, 57, 581.
_ _

Messrs. Glass, Elliot, and Co. have this morning
received a telegram from Ajaecio, in Corsica, in-
forming them of the successful laying of a sub-
marine telegraph cable between that place and
Toulon, in Franoe. The length of line is 205
miles, and the depth of water 1,500 fathoms.
At the Bank of England the demand for money
yesterday was only moderate, and in the open
market there was more disposition to take the beet
bills at a fractional reduction from the Bank mini-
mum.

About 68,000/. in gold, the bulk Australian, was
bought by the Bank yesterday. A considerable
amount of Australian gold will probably be taken
there during the week, a portion of the recent ar-
rivals having yet to be sdi posed of. The influx
from the Continent continues. The total reported
yesterday is 50,000/., including 20,0001. from Paris,
and 300001. from the Levant. A farther sum of
20,0001. is expected from the latter quarter to-day.
- .

The Liverpool cotton market yesterday was firm,
with sales to the extent of 10,000 bales.
- - -

In the Bankruptcy Court yesterday there eras the
first sitting in the case of Meagre. Churchill and
Macmillan, timber brokers, of Cinnon-street.

From inquiries which we have made in quarters
usually well informed, we gather that the forth-,
coming dividends of some of the principal railway
companies may be estimated as follows :—London
and North Western at the rate of 44 to 41 per
cent. per annum ; Great Western, about S per
cent. per annum ; Midhuid, 6 or 61 per
cent. per annum, but probably 6 ; Lan-
caahire and Yorkshire, 54 to 51 per cent. per
annum ; and London and South Western, 51 per
cent. per annum. During the half-year now closing,
although the traffic has kept up very well, the com-
panies have had to contend with increasing depres-
sion of trade. The majority of them have now an
increased amount of capital to pay dividend upon.
The expenbes of the maintenance of way have also
increased, and in some instances the cost of acci-
dents forms a serious charge against revenue. For
instance, yesterday's journals report a verdict for
13,000 i. against the Great Northern Railway Com-
pany in respect of one single life lost on their line.
The accident referred to occurred as far back as
April, 1860.

The directors of the London and Provinci►i
Marine Insurance Company have issued the follow-
ing report, to be presented at the first ordinary
general meeting, which is to be held on the 27th
instant. It is considered to be satisfactory, as in-
dicating that the risks have been carefully chosen :

The directors submit to the shareholders the accounts
of the company, showing the result of its first year's opera.
tions, ending the 14th May last. The &crone* which hays
been du), examined and verified by the auditors, show,
that after the payment of all claims for losses, averages,
and returns, together with all expenses, charges, Warns,
Ix., and one-fifth of the preliminary expenses, there re-
maims a surplus on the underwriting account of 39,3201.
la. 6d. From this sum the directors recommend the pay-
ment of interest to the shareholders at the rate of 5 par
cent upon the paid-up capital of the company.
The debentures for the Indus Steam Flotilla
(Scinde Railway Company), now offered to the
public, present a virtual bonus of two months'
interest, by a payment on or before the 30th June,
as " the bonds will be dated on the Ist May, 1861,
and will bear interest at the rate of 5 per cent per
annum from that date, on all moneys paid on or
before the 30th June, 1861."
The Brighton Railway traffic return shows this
week an increase of 1,1361 ; and the South Eastern
an increase of 401.

The traffic receipts of the Great Western Railway
of Canada for the week ending May 31,were 6,9631.
sterling, being 6721. more than in the corresponding
week of last year.
The 24th annual meeting of the Minerva Life
Assurance Company was held on the 13th instant,
when the report stated the number of new policies
issued in 1809 at 392, assuring the sum of 161,455/.
and yielding in new annual premiums, 5,1961. This
is a considerable increase upon the new business of
the previous year. The total income of the year
was 78,9961. • and the total cash assets on the 31st
December, 1860, were 415,5441., being 24,7511.
more than in 1859. A dividend on the paid-up
capital at the rate of 5 per cent. for the past year
was declared, free of income tax.
The half-yearly meeting of the Rhymney Iron
Company is called for the 3rd July.
The half-yearly dividend is announced on Portu-
guese Three per Cents., and on Victor Emmanuel
Railway Bonds

The following is the monthly return of the Irish
Banks of issue for the four weeke ending the
Ist instant :