The Express.
London, England, 1861-03-01 00:00:00

MONEY MARKET.-{THIS DAL)

Two o'CLotnc.

The funds to-day are well supported, at
yesterday's closing quotations. As a proof
of the eztreme stagnation of business it may
be mentioned that not a single transaction has yet
been officially recorded in Console for the account.
The railway share market is likewise very dull, with
rather a drooping tendency.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Renter were
quoted 68fr. 10c., being sc. lower than yesterday.
Consols are officially marked 912 and for
money. The present quotations are 912 to 2,
for money, and 912 to 4 for the 7th
of March. The official business report is as
follows :—Bank Stock, 232 ; Three per Cents.
Reduced, 91j, ; New Three per Cents., 914, ;
India Five per Cent. Stock, 100 ; ditto for account,
99/. ; Five per Cent. " &dazed" rupee paper, 94.
The foreign stock market to-day is rather
quiet. There is a relapse in Mexican bonds, which
have been dealt iii at 231 to 242. The
Turkish Loan of 1858 is quoted ex the dividend
due this day. The present price is 514 to
52, showing no alteration since yesterday.
The Loan of 1854 is quoted 69 to 70.
Sales are recorded as follows :—Brasilian Four-and-
a-Half per Cents., 1852, 85 ; ditto Four-and-a-Half
per Cents., 1860, 85 ; Buenos Ayres Six per Cents.,
for account, 92 ; ditto Deferred, 29 ; Chilian Four-
and-a-Half per Cents., 82 ; Dutch Two-and-a-Half
per Cents., 631 (exchange 128.) ; Mexican Three
per Cents., 24 ; ditto, for account, 23b,
243 ; Peruvian Four-and-a-Half per Cents.
for account, 96, ex div. ; Portuguese
Three per Cents., 1853, 464 ; Spanish New
Deferred Three per Cents., 414, 41 ; ditto,
Passive, 174 ; Turkish Six per Cents., 1858, for
account, 52, 514, ex div. ; ditto Guaranteed Four
per Cents., 100.

There was rather more ease yesterday in the dis-
count market. The rate for the best short paper
was 71 to 8 per cent., but four and six months bills
are taken at 7i, or less, in many quarters. At
the Bank of England the amount of business was
moderate.

In the Stock Exchange 7 and 8 per cent. were
paid for short loans on English Government
securities.
The Seine has arrived from the West Indies
with 288,0001. in silver and 29,000/. in gold ; and
the Hebe, from Melbourne, with 29,000/. The
Palestine, which left yesterday for Portland (U.S.),
took 7,5001.
50,000 sovereigns were sent into the Bank of
England on Wednesday by an Irish bank.
Some additional parcels of gold have arrived
from the Continent.

The news by the Vigo which was telegraphed
from New York yesterday, announces a recovery in
the exchange to 106. This may tend to prevent
the shipments by next Saturday's packet from ex-
ceeding 200,00 N. or 300,0001.
A telegram received yesterday from Constantino-
ple announces a movement in the exchange indica-
tive of more confidence in commercial circles. The
steamer which is due at Marseilles on Thursday
next is expected to bring upwards of 100,0001.
in gold.
A special general court of proprietors of the East
India Company is called for the 6th of March, to
consider a petition which is " proposed to be pre-
sented to her Majesty. in reference to the inadequacy
of the present provision for conducting the affairs
of the East India Company."
It is rumoured that the frauds upon the East and
West India Dock Company involve a larger amount
than was at first supposed, although it is under-
stood that the investigation is not yet completed.
As the next half-yearly meeting will not be held
until July, it is urged that the directors ought in
the interval to issue a special report to the share-
holders.

At the brat general meeting of the Thames and
Mersey Marine Insurance Company, held yesterday,
the directors' report was agreed to, with very little
discussion. The statement of the company's ope-
rations up to last Saturday shows that 12,655,000/.
of risks have in all been taken, of which 7,477,000/.
have run off, leaving 5,177,0001. outstanding. The
premiums received up to Saturday last were
164,0001., and the losses 61,0001., leaving a balance
of 93,000/. in hand. It will be remembered that the
directors' report, issued a few days ago, stated the
total premiums received up to Dec. 31st at 107,7131.,
and the lows at 13,0001., showing a balance of
94,365/. in hand. The balance now is somewhat
lees than it was on the 31st December, so that the
losses sustained in the interval appear to have
swallowed up rather more than the whole of the
premiums received in the interval.
Late yesterday afternoon the shares of the Red Sea
Telegraph Company roes to 18k to f, in consequence
of its having transpired that the select committee
of the House of Commons have this day decided that
the company's guarantee is a perfectly uncondi-
tional one. Meanwhile, the shareholders, who em-
barked their money expressly upon this under-
standing, are kept waiting for their overdue in-
terest, in respect of which a vote passed parliament
months ago.
The Madras Railway Company have paid into
the treasury at the India Office the sum of 78,7701.,
on account of the share capital of the company.
The half-yearly meeting of the Cape Town Rail-
way and Dock Company is called for the 27th
March. _ _ _

The annual meeting of the Blaenavon Iron and
Coal Company is called for the 2nd of April.
The Eastern Counties Railway traffic return
shows this week an increase of 2,02/. ; the Man-
chester, Sheffield, and Lincolnshire, a decrease of
2971. ; the Midland an increase of 1,3721. ; the Lan-
cashire and Yorkshire an increase of 8131. ; and the
North Eastern an increase of 1,2301.
Creditors of the Union Discount Company are
required to prove their claims in the Bankruptcy
Court.

TECIUSDAT Emma
At Paris to-day the Three per Cent Rental
opened fiat at 87.65, and closed firm at 68.10
for money, and 68.15 for the !account, being 1
per cent. higher than yesterday.
Consols which closed yesterday at 911 to for the
7th of March, opened this morning at the same
quotation, and closed at 911 to i. For money the
last price was 911 to f. The official business
report is as follows :—Thres per Cent. Consols,
for money, 911, 1 ; ditto, for account (March 7),
911 ; Three per Cents. Reduced, 911, 1 ; New
Three per Ceuta., 911, ; India Five per Cent.
Stock, 991, 100 ; ditto for account, 991 ; ditto,
Scrip, 1001 1; ditto Four per Cent. Debentures,
1858, 951 ; 'ditto 1859, 951; Back Stock, 234, 235,
233, 232.
The scrip of the new Indian Loan was steady at
1001 to 1.
Bank Stock was more offered, and was last
marked 232. _ _

The transactions in the foreign stock market
were upon a moderate scale. There was, how-
ever, an active demand for Mexican bonds,
which had risen at the close to 24 I.
Spanish Passive bonds have declined • the
Coupon certificates were last quoted lid
to I. The Turkish Loan of 1854 closed at 6941t0
70, and that of 1858 at mit to 55, showing a reduc-
tion of per cent.
Bank shares to-day were steady, at yesterday's
prices. Canada Land shares have declined. Me-
diterranean Extension Telegraph were quoted better.
The closing quotations for shares in new under-
takings to-day were as follow :--Ocean Marine In-
surance, 24 to I prem. ex int. ; Thames and Mersey
Marine, 115-16 to 1 1-10 prem., being firmer ;
Universal Marine Insurance, 1 7-16 to 9.16 prem.
ex nut. ; London and Provincial Marine, par to
prem. ; East India Irrigation, f to k dis. ; India
Cotton, par to *prem. ; East India and London
Shipping, par to > prem. ; and Central American
Piers, to 1 prem.