The Express.
London, England, 1861-02-20 00:00:00

MONEY MARKET.-(THIS DAL)

Two o'CLowx.

The funds to-day are heavy. A decline of 1 per
cent. has taken place. There have been some
considerable sales of New and Reduced Three per
Cents., and high rates have been paid for short
loans on government securities and on the scrip of
the New Indian Loan.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened
at 68fr. 15c., being I per cent. lower than yes-
terday.

The scrip of the New Indian Loan has been
dealt in at 1001 to 1. This is settling day in it.
Consols are officially marked 911 and 1 for
money, and 911 for the account. The present quota-
tions are 911 to 1 for money, and 911 to 92 for the
7th of March. The official business report is as
follows :—Bank Stock, 238, 236 ; Three per Cents.
Reduced, 911, 5 ; New Three per Cents., 911,
1, ; India Five per Cent. Stock, 100,
5 ; ditto Scrip, 1001, 1,5, 1 ; ditto, Four per
Cent. Debentures, 1858, 951 ; ditto Bonds, 15s.
dia. ; Five-and-a-Half-per Cent. " enfaced " rupee
paper, 101 ; Exchequer Bills, Bs. die.

Turkish Bonds remain fiat. The loan of 1854
is quoted 691 to 70, and that of 1858, 55
to . The inquiries for Mexican Bonds
and for the Spanish Coupon Certificates
have subsided. Sales are recorded as follows :
Brazilian Four-and-a-Half per Cents. 1860, 85} ;
Mexican Three per Cents., for account, 23, $,
; Portuguese Three per Cents., 1853, for account,
46} ; Spanish New Deferred Three per Cents.,
for account, 40; ; ditto Passive, ; the Com-
mittee's Certificates, 6f, ; Turkish Six per
Cents., 1858, for account, 551.

The discount market remains much the same as
last reported. There is no pressure, but an indis-
position exists to take even the best bills below it
to 8 per cent. At the Bank of England yesterday
the business was of a fair average character.
A good deal of attention was excited by the
announcement from Paris that M. Mires has been
thrown into prison upon a criminal charge, and
that the liquidation of the affairs of his Cause will
be administered through the hands of the Count de
Germiny, the Governor of the Bank of France. It
is stated that the whole of the claims of the Turkish
government upon M. Mires will be liquidated iu
due course. His incarceration may perhaps be
only temporary. Further details are looked for
with interest.

The foreign exchanges yesterday afternoon ex-
perienced no alteration of striking importance, but
the rates for bills on Frankfort and St. Peters-
burg were more favourable to this country. Sub-
joined is our usual list :
Amsterdam, 3 mouths, 11.191 to 12; ditto 3 days, 11.17
to I ; Rotterdam, 3 months, 11.191 to 12} ; Antwerp,
3 months, 25.60 to 2) ; Hamburg, me. bunco, 3 months,
13.4 to q. Paris. 3 days sight, 25.25 to 33 ; ditto
3 months, 25.65 to 70 ; Frankfort-ou-the-Mr-ine, 3 months,
118 E to 119 ; Petersburg (per rouble), 3 months, 33,3 to I 3
;
Vienna, eff. fio., 3 months, 15.40 to 50 ; Trieste, eff. So,
months, 15.40 to 50; Madrid, 3 months, 493 to I ; Oldie,
3 months, 48f to 49 ; Leghorn, 3 months, 25.90 to 26 ;
Genoa, 3 months, 25.75 to 85 ; Milan, 3 months, 25.75 to
85 ; ; Naples, 3 months, 391 to a ; Palermo 3 months,
118 to 3 ; Messina, 3 months, 118 to 3 ; Lisbon,: 90 days,
521 to j ; Oporto, 90 days, 53 to I.
The Liverpool cotton market continues dull and
drooping. The sales yesterday were only 3,000
bales.

The stoppage is announced of Messrs. Johnson
and Hanson, hop merchants, &c., a respectable
house. The amount of their liabilities is believed
to be limited.

At a meeting of the creditors of Messrs. Ledgard
and Sons, bankers, held at Poole on Monday, it was
resolved to agree to the proposal of the Wilts and
Dorset Banking Company, to pay 10s. in the pound
upon the estate being legally placed in their poises-
lion, and a further dividend when it is realised, if
the property will allow it.
The adjourned meeting of the Acadian Charcoal
Iron Company, held yesterday, was again adjourned
to Tuesday, the 12th March, in consequence of the
receipt of a proposal from the solicitors to the Com-
mercial Bank for the amicable settlement of the
litigation between the Acadian Company and
Messrs. Hunter and Chowne, the bank's trustees.
Messrs. Bridge, Mellor, Smethurst, and Chubb
were re-appointed as a committee to confer with
the directors thereon.

The monthly wine circular of Mr. F. W. Coecne
has the following :

Although since the beginning of the month the duty pay-
ments upon wines have somewhat declined, the figures are
still considerable. The quantity cleared in all January has
not yet been officially declared by the Board of Trade, but
it will be about 1,000,000 gallons, against a monthly aver-
age in 1837, 1858, and 1839 of 530,000 gallons. If such
clearances could be maintained, but little loss would ao:rue
to the Exchequer in consequence of the reduction of the wine
duties. Wines generally in good demand, and prices well
maintained. Brandy quiet. More activity in the rum
market.

The Ceylon, War Eagle, Balnagnith, Teaser, and
Eliza have arrived from China, with 2,597,4001b5.
of tea.

--tie Emigration Commissioners require a ship to
take passengers to Moreton Bay.

TVESDAT Emma.
Consols, which closed yesterday at 911 to 92 for
the 7th of March, opened this morning at 92 to 4,
relapsed to 911 to 92, and closed at 92 to 4. For
money the last price was 913 to 4. The official bu-
siness report is as follows :—Three per Cent. Con-
sobs, for money, 914, 1; ditto for account (March
7), 92 ; Three per Cents. Reduced, 91f, b ; New
Three per Cents., 91f, 4 ; Thirty Years' Annuities,
expiring in April, 1883, 181 • Bank Stock, 240,
238}; India Stock, 221 2224 ; ditto Five per
Cent. Stock, 1001, 100, ditto scrip, 1004,
ditto Four per Cent. Debentures, 1839, 94 ;
ditto Bonds, 15s. dia. ; Five-and-a-Half per Cent.
" enlaced" rupee paper, 101.

. .
Exchequer Bills experienced a fresh fall of Is.,
closing at 9a. to 4s. ilia The .fficial notification
relating to the renewal of the March bills will bo
issued in two or three days. It seems probable
that government will be compelled to raise the
rate of interest, which now is only lid. per 1001.
per day, or 2/. ss. Id. per cent. per annum.
A fair amount of business was done in the
foreign stock market, but in several instances
prices were lower. Mexican Bonds fell per
cent., closing at 231 to j. There was also a reduc-
tion of in the Turkish Loan of 1858, which left
off at 55 to }. The Loan of 1854 was dull, at 691
to 70. The Spanish Coupon Certificates continue
to meet with attention, and were quoted 6/ to /.
There was no variation of importance to-day in
the market for bank shares. No price can be
quoted for those of the Commercial Bank of Lon-
don. Canada Land, Electric Telegraph, and Ma-
dras Irrigation shares were inquired for, and Red
Sea Telegraph flatter. Great Ship were somewhat
firmer, at 6.. 3d. to ss. 9d.
The closing quotations for shares in new under-
takings to-day were as follow :—Ocean Marino In-
snranoe, 31 to/ prem., ex int., being again higher ;
Thames And Mersey Marine, 1 1-16 to 3-16 prem.;
Universal Marine Insurance, 1 9-16 to 11-16 prem. ;
London and Provincial Marine, par to I prem. ;
East India Irrigation, / to / dui. ; India Cotton, par
tolhprem. ; East India and London Shipping, par
to prem.
ere were transactions in the shares of the
Trust and Agency Company of Australasia at / and
Prom-