The Express.
London, England, 1861-06-26 00:00:00

MONEY MARKET.-(THIS D,11:3

Two o'CweL.

The fund& to-day are rather firmer, but there is
no advance upon the closing quotations of
yesterday. Little business is going forward in
this department, and in the other markets com-
plete stagnation prevails. No effect has been
produced by the announcement of the death of the
Sultan. English railway stocks are rather fiat.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Renter were quoted
67fr. 65c., ex div., being sc. lower than yesterday.
Consols are officially marked 89g, 4,4, and i, ex
div., for money, and 891, and 4 ex div., for
the account. The present quotations are 8911
for cash, and 894 to I for the 10th July
The official business report is as follows :—Bank
Stock, 230 ; Three per Ceuta. Reduced, 884, I, 4 ;
New Three per Cents., lei, 4, 3 ; India Five
per Cent. Stock, 984, ii, ex div. ; ditto, for account,
984, 4, ex div. ; ditto Four per Cent. Debentures,
1858, 951 ; Exchequer Bills, March, 10s., Bs., 95.
dia. ; ditto June, 3s. dis., Is. prem.
The Turkish Loan of 1858 hss declined 4 percent
in consequence of the death of the Sultan, and is
now quoted 564 to I. The Loan of 1864 remains
quoted 71 to 4. Mexican Bonds are a little more
inquired for. Sales are recorded as follows :--
Belgian Four-and-a-Half per Cents., 98 (ex-
change 26fr.) ; Dutch Four per Cent. Certificates,
901 ; Mexican Three per Cents., 22i ; Portuguese
Three per Cents., 1853, 474 ; Russian Five per
Cents., 103, 1024; ditto Four-and-a-Half per
Cents., 914 ; Turkish Six per Cents., 1858,
554,4.
The Edinburgh, for New York to-day, has taken
203,6721. in specie.
We learn with great regret that, with the progress
of the preliminary estimates which are being
framed by the various insurance offices of the
losses by the great fire, the total is becoming far
more serious than was at first apprehended. Ac-
cording to the latest particulars, which are neces-
sarily still conjectural, the aggregate will reach
the enormous amount of two and a half, or even
three, millions sterling. The representatives of the
offices forming the committee of the London Fire
Engine Establishment have issued an advertisement
requesting that all persons who have sustained loss
will as soon as practicable give notice to the offices
in which they are insured.
In the discount market and at the Bank of Eng-
land yesterday there was a moderate demand. Few
bills were taken in any quarter below 6 per cent.
In the Stock Exchange the pressure for money
was rather severe, and six to seven per cent. was
paid for loans on Government Securities. At the
former rate some amounts were borrowed from the
Bank.

No gold was bought by the Bank yesterday, and
103,000 sovereigns were withdrawn for exportation
to New York to-morrow by the Edinburgh, which
will take a large total. .
The Ellora will take to-morrow 89,5131. in sil-
ver (including 50,123/. on government account),
and 1,0501. in gold for Bombay.
The foreign exchanges yesterday afternoon were
generally steady at Friday's quotations. Subjoined
is our usual list :

Amsterdam, 3 months, 12.04 to 12.1 ; ditto 3 days, U. 19
to j ; Rotterdam, 3 months, 12.04 to 121 ; Antwerp, 3
soothe, 25.624 to 74 ; Hamburg, me. banoo, 3 months,
13.91 to 104 ; Paris, 3 days, 25.324 to 40 ; ditto, 3 months,
26.66t0 70 ; Prankfort-on-the-Mcine, 3 months, 1194 to
; Petersburg (pm rouble), 3 mouths, 33 to 4 ; Vienna.
elf. flo., 3 months, 14.30 to 50 ; Trieste, eff. So., 3 mouths,
14.30 to 50 ; Madrid, 3 mouths, 484 to 4 ; Cadiz, 3 months.
484 to ; Leghorn, 3 months, 25.80 to 5• Genoa, 3
months, Z.BO to 5 ; Milan, 3 months, 25.80 to 5 ;
Naples, 3 months. 391 to 4; Palermo, 3 months, 1174 to 4 ;
131essisa, 3 months, 1174 to 4 ; Lisbon, 90 Jays, 524 to 4 ;
Oporto, 90 days, 524 to 4.

The Liverpool cotton market yesterday was very
firm with sales to the extent of 10,000 bales.
Within the last few days the stoppage has teen
announced of Mr. Charles James Webb, wholesale
cheesemonger, of WhitechapeL The liabilities are
perhaps about 20,0001.
The Manchester advices mention the failure of
Messrs. T. Fish and Co. manufacturers.
We are requested to state that the subscription
list of the Commercial Copper Smelting Company
will be closed this (Wednesday) evening as regards
London applications, and on Thursday evening
as regards those from the country.
The half-yearly interest is announced on the
First Preference Bonds of the Northern Railway
of Canada.

A reduction of about 2 per cent. wax quoted yester-
day in the Five-and-a-Half per Cent. Bonds of the
Great Western Railway of Canada, payable
in 1877.
The following communication is from a corre-
spondent :
The long-continued pressure in the money market appears
at length to have compelled the great mercantile houses of
the City to action. A preliminary meeting was held to-day at
the counting-house of Messrs. J. and It. Morley, at which
were representatives of the firms of Messrs. Briullituy,
°restores, Beal, and Co., Messrs. Wm. Leaf and Moos, sad
other of the leading firma, fur discussing the injurious effects
produced by the numerous and extreme fluctuations in the
Bank rated discount. Unanimity lot opinion prevailed ea
to the nature and extent of the evil, and much regret was
expressed at the present ill-informed and u mottled state at
the public mind as to its causes. It was determined that
means should be forthwith adopted to stimulate a more
general and adequate appreciation of its importance, espe-
cially amongst mercantile nice. A committee was formed,
the first duties of which will be to diffuse more general in-
formation as to the operation of the Bank Act and the
currency upon trade and commerce—to promote the public
ventilation of the subject in the press sad otherwise—and
to collect the opinions and obtain the co-opemtion of the
chambers of commerce, and of mercantile and other influen-
tial parties throughout the couutry, with a view to forming
au association for the amendment of the law.

TUZSDAY Ev=ma.

Consols, which closed yesterday at 890 to 0, ea
div., for the 10th of July, opened this morning at
the same quotation, fell to 890 to 7-18, and closA
at 89i oto . For money the last price was 89*
to I. The official business report is as follows:
Three per Cent. Consols, for money, 89k, 0, ),
ex div. ; ditto for account (July 10), 89*, 0,0, ,
ex div. ; Three per Cents. Reduced, 880, ;
New Three per Cents., 884, 0,0, 0, ; India Five
per Cent. Stock, 984, 1, f, ex div. ; ditto for ao.
count, 980, 0, ft, ex div. ; ditto Bonds, Ms., 12s.
dis. ; ditto Four per Cent. Debentures, 1858, 95i ;
Five-and-a-Half per Cent. " emfaeed" rupee paper,
100 k.
l'he India Five per Cent. stock was dull, et 98f
to 0 ; and India Bonds, at 20s. to 12a. dim.
There was a fresh fall of 28. in Exchequer Bills,
owing to some considerable males, soul° of which
may have been on account of a tire insurance
office. The March issue was last quoted 10.1. to
ss. die., and the June 3s. die. to par.
The Turkish Loan of 1854 declined 4 per cent.,
closing at 71 to *. In that of 1868 there was an
improvement of like amount, the final quotation
being 55* to 60. Mexican Bonds, after being
marked 21;, closed at 22k to I.