The Express.
London, England, 1861-02-09 00:00:00

Si ft Ms!

MONEY MARKET.-(THIS DA k.)

Two o'CLora.

The funds to-day are firm at yesterday's closing
quotations, with little business. The other depart-
ments of the Stock Exchange are quiet. British
railway stocks remain dull at the late fall. There
is, however, an improvement in Indian railway
shares, owing to the signal success of the new
loan.

With regard to the new loan we are enabled this
morning to state that the lowest price accepted in
full is 98/. lle. 4d. The full particulars have not
yet transpired, the labour involved in the details
being very great.

The new Indian loan, after experiencing several
variations, is now steady at 1004 to I.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Rent.; opeced at
68k. 60c., being rather more than 4 per cent, higher
than they closed yesterday.

Consols are officially marled 92, 91k, and 911
for money, and gn for the account. The
present quotations are 911 to 92 for money,
and 921 to for the 7th of March.
The official business report is as follows :
Three per Cents. Reduced, 92, 911; New Time
per Cents., 911, 92 ; Thirty Years Annuities, ex-
piring in April, 1885, 16, ; India Five per Cent.
Stock, 1869, 100, 1 ; ditto for account, 1001, 99/ ;
ditto, New Loan, 1001, /, ; ditto Four per Cent.
Debentures, 1859, 951, ; Four per Cent. " en-
faced" rupee paper, 77, ; ditto Five-and-a-Half
per Cent., 101, I, 101; Exchequer Bills, 45., 35.,
dis., par.

There is a fall in the Turkish Loan of 1858. which
is now quoted 55 to 56, after being marked 56i.
The Loan of 1854 is flatter at 69} to 7011. Mexican
Bonds maintained the improvement which took
place yesterday afternoon. Sales are recorded as
follows :—Brazilian Old Five per Cents., fur account,
99} ; ditto Four-and-a-Half per Cents., 1858, 85k,
; Dutch Four per Cent. Certificates,
100} ; Mexican Three per Cents., for account,
23i, ; the Spanish Committee's Certificates,
511; Turkish Six per Ceuta., 1858, 56 ; ditto,
for account, 561 ; ditto 1001. Bonds, 58 ; ditto
Guaranteed Four per Cents., 94 ex div.
The steamer America, which has sailed to-day
for the United States, has taken 34,5061. in specie.

HALF-PAST Two o'CLo(E.

Consols have fractionally improved since 2
o'clock ; the present quotations are 911 to 92 for
money, and 921, "buyers," fur the account.
The tenders for the Indian loan yesterday reached
an aggregate of about 13,270,0001. The amount
tendered for at and above 981 is about 6,000,0001.
All the tenderer, from 98t upwards will, it is
believed, receive the full amount written for.
Amongst them are Messrs. Rothschild for 950.0001.,
at 981. Tenderers at 981 will probably receive a cer
taro portion of the amount applied for, or possibly
the whole of it. All tenders at and below 98,1 are
certainly rejected. They represent about 7,600,0001.
The bulk of the bids from the Stock Exchange
were from 98 to 98,j. The aggregate between these
figures was probably 5,030,000/. These all go for
nothing.

As soon as the news reached the Stock Exchange
there was an active demand for the scrip of the
new loan to cover speculative sales. The price
reached 101, and closed at 1004 to 101. A subscriber
at 99 has, therefore, Ili to 2 per cent. profit. The
issue of 1859 has advanced to 1004 to
The discount market was very tight yesterday.
The lowest rate for the best bills was 7 per cent. At
the Bank of England the demand was very active.
In the Stock Exchange the pressure was such
that 8 and 9 per cent, were paid fur loans
on Consols for a day or two. The cause of the
pressure was not very clear. The contracted con-
dition of the circulation has some effect. A deposit
of 2 per cent. on 13,000,0001. of tenders for the
new loan represents an aggregate of only 260,0001
The payment for the 450,0001. in silver which will
go by the next Bombay packet may have contri-
buted to disturb the market. As soon as the scrip
of the new loan is issued, holders will begin to pay
up the instalments in advance in order to obtain
the 5 per cent. discount. This will carry money
into the Bank of England.

The favourable movement in the Vienna ex•
change is to an extent which has attracted general
attention. It is inferred that there must be some
strong political ground for it. In some quarters
the decision of the Prussian Chamber of Deputies
against interference in Italian affairs is thought to
be the cause, as it may have some effect upon the
obstinacy of Austrian government. The latest
quotation of exchange from Vienna is 143, show-
ing a movement of 4 per cent. in favour of the
Austrian currency.

The Strathdon has arrived from Melbourne with
49,040 ounces of gold, valued at 196,000/. The
following gold ships are known to be still at sea,
viz.:—The Clutha (out 84 days), with 96,0001. ;
the Essex (out 83 days), with 59,500!. ; and the
Champion of the Seas (out 77 days), with 37,0001.
The Oneida, which sails to-day for Brazil, will
take 14,000/. in silver and 1,2701. in gold.
On 'Change yesterday afternoon the only feature
was the excitement in Austrian paper, as referred to
above. The quotation for bills on Vienna was 15.65
to 15.66 on Tuesday, and 14.80 to 15 8. to-day.
Subjoined is our usual list :

Amsterdam, 3 months, 11.18; to 191 ; ditto 3 days, 11.16
to 17 ; Rotterdam, 3 months, 11.19 to ; Antwerp,
3 months, 25.471 to 521; HamWrg, ms. banoo, 3 months,
13.71 to I ; Park, 3 days' sight, 25.20 to 71 ; ditto
3 months, 25.55 to 60 ; Franlolort-on-the-Mtine, 3
months, 1181 toe Petersburg (per rouble), 3 months,
331 w 341 ; Vienna, eft 20., 3 months, 14.80 to 15.00;
Trieste, ditto, 3 months, 14.80 to 15.00 ; Madrid, 3 months,
481 to 8 ; Cadiz, 3 months,4Bl to 49 ; •Leghorn, 3 months,
25.80 to 90 ; Genesi 3 months, 25.721 to 7) : Milan, 3
!months, 25.724 to 7 ; Naples, 3 months, 39L ;
Palermo, 3 months, 181 to 4 ; Messina, 3 months, 111-1 to
90; Lisbon, 90 days, 521 t.ol • Oporto, days, 53 to g.
_ .

- •
The following official notification was issued
yesterday with regard to investments of Chancery
trust funds :
General Orders and Rules of the High Court of Chancery,
issued by the Lord High Chancellor.
Order of court as to investments, Friday, the Ist day of
February, in the 24th year of the reign of her Majesty
Queen Victoria, 1861.
The Right Honourable John Lord Campbell, Lord High
Chancellor of Great Britain, by and with the advice and
assitance of the Right Honourable Sir John Romilly,
Muter of the Rolls ; the Right Honourable the Lord
Justice Sir James Lewis Knight Bruce, the Right Honour-
able the Lord Justice Sir George James Turner, the Honour-
able the Vicc4hancellor Sir Richard Torin Kiederaley, the
Honourable the Vice-Chancellor Sir John Stuart, and the

.. . - .
Honourable the Vice. Chancellor Sir William Page Wood,
doth hereby, in pursuance and execution of the powers
given by the statute 23 and 24 Vict., c. 38, and of all other
powers and authorities enabling him in that behalf, order
and:direct in manner following:

INVESTMENTS Or CASH UNDER THE CONTROL OP THE COURT.
Cash under the control of the court may be invested is
Bank Stock, East India Stock, Ezcheluer•bills, and 21. 10s.
per Cent. Annuities, and upon mortgage of freehold and
wpyhold estates respectively in England and Wales, as
well as in Cousolidated 3/. per Cent. Annuities, Reduced
3/. per Cent. Annuities, and 'New 3/. per Cent. Annuities.

SERVICE Or PETITION.
Every petition for the purpose of conversion of any 3f.
per cent. Bank Annuities into any other of the docks, funds,
or securities bereinbefore mentioned, shall be Barred upon
the trustees, if any, of such Bank 31. per Cent. Annuitim
and upon such other persons, if soy, as the court shall
think fit.

CASIPBHLL, C.
JOHN Ronn.ix. Y.R.
J. L. Kmont Biwa, L.J.
0. J. Tumors, L.J.
RICID. T. Kruonsurr, V.C.
JOHN Brussa, V.C.
W. P. Wow. V.C.
The following is an exact copy of the resolution
unanimously adopted by the Stock Exchange cum-

mitten for the expulsion of a member, as already
alluded to :
Yr. Theodore Rabershon having been found guilty of
clinraceful and dishonourable ecoduct in • transfer for •
principal, wherein he practised gross and systematic decep-
tion, which lie attempted to conceal by means of • fictitious
clidque • fake entry in his hooka, arid also by statements
=car devoid of truth made to the committee during
their inveqicetiou of the case ; Resolved,—That Mr. Theo-
dore liaberanio had inclined the extreme penalty coat:tined
in Rule 17, and that he be expelled from the Stock Ex-
, cage.—By order of the committee,
Piiumid) Gnome bonitos, Secretary.
The prospectus of the Jamaica Cotton Growing
Company is issued. The names put forward in
connexion with this undertaking are very respect-
able. It is submitted as an experiment which
deserve( support at the present juncture. The
capital bated limited to 20,0001., of which
only 10,0001. is to be called up in the first year.
The originators of the company have had a long
and practical acquaintance with the capabilities of
Jamaica.

The Caledonian Railway traffic return shows tide
week au iocroaxe of 1,344/.

A telegram received yesterday by the Mediter-
ranean Extension Telegraph Company announces
the succemsful submersion of the telegraphic cable
between Corfu and Otranto, a distance of about 740

The traffic receipts of the Grand Trunk Railway
of Canada, for the week ending January 19, v.ere
11,4141. sterling, being 1,120/. more than for the
corresponding week of last year.
There was a general decline yesterday. in the
shares of the new marine insurance companies. The
cause was Rome further considerable sales of the
Thames and Mersey Company's shares, accompanied
by a report, which appeared to meet with no contra,-
diction that, in consequence of the losses already
referred to, the directors will not feel themselves
justified in recommending any dividend or interest
at the approaching meeting. It has always been
felt that the Liverpool business is the weak point
in this company's operations, owing to the peouliar
nature of the cotton and other risks.

The return of the Bank of England for the weak
ending Wednesday, Feb. 6, compared with that
for the previous week, shows the following changes :
Circulation issue
Circulation active
Public deposits 4,186,479 Increase 605,032
Other dopointa 11,927,130 Decrease 639,909
Onvenunent securities in _

banking deportment 8,444,776 Decrenve 2,654
Othermeurities in banking
department
Coin and bullion in both

defertmenta . --
11,832,836 Increase 215,220
Seven day and other bills 655,381 Increase 21,963
The Rest
Notes in reserve
Total reserve (notes/actin)
in banking department 6,428,641 Increase 321,445

These cliange s are of a favourable character.
Both the bullion and the reserve have increased,
whilst the private securities have diminished.
The Ger:ette specie statement fur the week ending
Wednesday lost gives the following totals, viz. :
Imports of gold, 42,2231. ; exports of gold,
130,1141. ; imports of silver, 250,8021. ; exports of
silver, 135,734/.

BABE 01 IDTGLAND.—An
ald 8111 Vie., c. for the •
I, 18b1.

Mane Dil
Note& laued £25,448.315

L 25,488,315

BANKING DI
Proprietors' Capital 414,653,000
lest 5,485,796
Public Deposits all-
owing laxcheq
Bev. Bute, Wa-
nds. et National
Debt, end Dli.

Accts )
Other Deposita
Seven day and other

_~_,:

cas,ssi

mount pursuant to the Act 7th
ek ending ou Wtiintoday, lecb.
PARTMENT.
IGovernment debt.. L 11,016,100
Other securities . 3,489.900
Gold ooin and bid-
..

Hon W ---
9744,970
Silver 1.2118.345

L 25,488,315

£34,807,786

PARTMMer.
Government Item

cities llocludle~
Deed Weight, An-
nutty) t8,444,', it
Other Securities
Notes
()old and terse
Ooln 819,52t

Feb. 7,18 Q.

04,807.78 S
MARSHALL. Chief Cashier.

FIUDLY EVENING.

Consols, which closed yesterdaitiiiitTillor
the 7th of March, opened this morning at the
same quotation, rose to 921' to 1, and closed.
at 92k to 1. For money the last price was
911 to 92. The official business report is
as follows :—Three per Cent. Consols, for money,
9)911, 92, 911 ; ditto for account (March 7).
, 1 A ; Three per Cents. Reduced, 911, 92,
91 ; New Three per Cents., 911, 92, 91/, 92, 911,
; Thirty Years Annuities, expiring in April,
1885, 161 ; Bank Stock, 231, ; India Stock.
219, 2181 ; ditto Five per Cent. Stock, 991, 1;
ditto for acount, 991, 081, 991 ; ditto Four per
Cent. Debentures, 1858, 951 ; ditto 1859, 96 ;
Five per Cent. "enlaced" rupee paper, 96.
The Five per Cent. rupee paper was firm at 94
to 95, and the Five-and-a-Half per Cent. at 100 to
101.

- - It is somewhat remarkable that, in spite of the
pressure for money, Exchequer Bills rose 3s. to-
day, closing at 4a. din to par.
Mexican Bonds were in demand this afternoon,
and had risen at the close to Mi to 1. There were
more inquiries for Portuguese Bonds. The Turk-
ish Loan of 1854 was steady at 701 to I ;
and that of 1858 at 561 to 1.
The closing quotations for shares in new under-
takings to-day were as follow :--Ocean Marino In-
surance, 21; to prem. ; Thames and Mersey
Marines to prem. ; Universal Marine In-
surance, I/ to prem. ; London and Provin-
cial Marine, par to prem. ; East India Irri-
gation, 5-16 to 3-16 dis. ; East India and London
Shipping, to 1 prem. ; and India Cotton, Ito
1 prem.
In the market for Bank shares to-day there was
an improvement in Bank of Loudon. Canada Land
shares were inquired for, whilst Australian Agri-
cultural were Sat. Red Sea Telegraph were firm.
[at 18.

MINES-{THIS DAY.)

Two o'Oloox.

The mining market to-day is steady. There
are inquiries for West Caradon and East Caradon
shares ; the former are marked in the Stock Ex-
change 81, and the latter 121. Went Bassethave been
dealt in at 18 ; Wheal Basset, at 109 and 108 ;
Wheal Kitty (Lelant), at 121. The other trans-
actions have extended to Wheal Union, East
Basset, South Condwrow, Bottle Hill, Wheal
Seton' East Wheal Russell, and St. Ives Consols.
St. John del Hey Mining shares are in increased
demand, and are marked 301 and 314. Great
Northern Copper (South Australia) haven dealt
in at 1 prem., being firm.
. .

At R heal Baeaet liZeting, on the sth inst., • dividend
of :If. per share was declared, leaving 1,7781. 12s. 91. to the
next account.

South Wheel Basset, on the sth inst., made a cal of If.
per share.
The Cain Brea Mines have declared adividend of 21. per
share.

AT Wheal Unity meeting yeWorday, a call of 4e. fxr
share was made.