The Express.
London, England, 1861-05-09 00:00:00

MONEY MARKET.-(THIS DA E)

Two o'Ciocw.

Although the New York exchange ooment;;;ted
in the printed telegrams at a fresh fall (namely, 106
to }), thereby increasing the probability of consider-
able shipments of gold to America, thefunds to-day
are firmer. Consols are quoted 1-16 to e per cent.
higher than yesterday afternoon. The weekly
court at the Bank of England has broken up
without altering the rate of discount. This is
"settling day" in Consols. English railway stocks
have experienced a partial recovery.
This being Ascension Day, the Paris Bourse is
closed.

Consols are officially marked 911, /, and for
money, and 921 for the account. The present
quotations are 911 to for money, and
921 " sellers," for the 6th of June. The
official business report is as follows :—Bank
Stock, 232 ; Three per Cents. Reduced, 891,
90, 891 ; New Three per Cents., 891, 1, 90 ;
New Two-and-s-Half per Cents., 751 ; India Five
per Cent. Stock, 1011, 1,1, f; ditto, for
account, 1011 ; ditto Four per Cent. Debentures,
1858, 96}, f ; ditto Bonds, 15e., 20s. die. ; Ex-
chequer Bills, 104., ss. dia.

The foreign stook market is inactive. Turkish
bonds are steady. The Loan of 1854 is quoted 701
to 711, and that of 1868, 551 to 58. Mexican
bonds exhibit no recovery. Sales are recorded as
follows :—Brazilian Four-and-a-Half per Cents.,
1852, 871 ; Dutch Two-and-a-Half per Centa., 641
(exchange 12f1.) ; Chili= Three per Cents., 701;
ditto Four-and-a-Half per Cents., 831 ; Mexican
Three per Cents., for account, 221 ; New
Grenada Active, 161 ; Portuguese Three
Iper Cents., 1863, for account, 471, 1 ;
the Committee's Certificates, 61; Turkish Six per
Cents., 1868, for account, 661; ditto, Guaranteed
Four per Cents., 1001.

About 20,0001. in gold was bought by the Bank
yesterday. Th 6103,7481. by the Tyne, from Brazil,
goes abroad. The Oneida, for Brasil, will take
to-day 15,0001. in silver and HOC in gold.
Increased amounts of specie are being sent to
America. The Edinburgh, which left yesterday for
New York, took Kosa and the Persia on Satur-
day will probably take a Lue sum.
The Liverpool cotton market remains firm. The
sales yesterday amounted to 12,000 bales.
The Manchester Guardian of yesterday says
"Several power-loom manufacturers in different
Iparte of the district have stopped payment within
a few days. To-day it has become known that
George Moorhouse, near Burnley, working 1,100
looms, has failed. His debta are stated at 20,0001."
The ammo journal states that the circumstances
connected with the failure of Mr. Henry Walmsley
" have excited a great deal of criticism." His
estate shows a deficiency of 104,3831., as already
mentioned.

A meeting took place on Tuesday, at Manchester,
of the creditors of Mr. Joseph Sutcliffe, commission
agent. According to an approximate statement,
the liabilities reach 32,1141., and the assets 13,5131.
With re:eronoe to the bill claims, Mr. Sutoliffe ad-
mitted that the major portion represent accommo-
dation paper, some of which he bad got discounted
at a rate, including interest and oommission, equal
to 20 per cent. and upwards. He was unable to
tell the creditors the exact number of his home,
but did not think he owned so many as thirty
when he stopped payment. He added that a year
and nine months ago he possessed a bona fide capi-
ta of from 17,0001. to 18,0001. A resolution was
adopted appointing a committee of investigation,
which is to report to another meeting.
The London and North Western Railway traffic
return shows this week a decrease of 7,3511., owing
chiefly to Chester Rao's, which fall one week later
this year; the Great Western a decrease of 1,1401.;
the Great Northern adeorease of 1,9661. ; the Lan-
cashire and Yorkshire an increase of 1,015/. ; and
the London and South Western an increase of
1,6861.
The traffic on the 1,004 miles of the South
Austrian line of the Lornhardo-Venetian Railway
Company for the week ending April 29 wa543,2711.,
being 17,0871. more than in the corresponding week
of 1860 on 687 miles; and that on the Lombardo-
Venetian line 40671., showing an increase of
1,184/. The receipts on the Central Italy branch
from Plaisance to Bologna, a distance of 91 miles,
' were 3,2931., being 9421. more than last year.
The Submarine Telegraph Company have notified
that, in addition to being able to send telegrams to
Marseilles, Trieste, and Malta, to catch the outward
mails to India, China, Australia, Egypt, etc., they
can be sent to Corfu and Smyrna, as steamers leave
the former place direct for Alexandria on the 13th
and 29th of every month, and from the latter place
every alternate Sunday in the month, commencing
from the 12th inst.

A special meeting of the West Midland Railway
Company is called for the 30th instant, to autho-
rise a lame to the Great Western Railway Com-
pany "of all that portion of the undertaking of the
West Midland Railway Company to which the
powers of leasing under the existing acts of parlia-
ment apply." It is evident from this that parlia-
mentary sanction to this portion of the project is
not to be applied for. Application is, however, to
be made to parliament "for any further powers
which may be required for the amalgamation of the
Great Western Railway Company and the West
Midland Railway Company,aml their undertakings,
or for the lease or purchase of the whole undertak-
ing of the West Midland Railway Company to or by
the Great Western Railway Company."
An extraordinary meeting of the Tewkesbury
and Malvern Railway Company is called for the
21st instant, to authorise the exercise of the com-
pany's powers for borrowing upon mortgage or bond
a sum of 48,0001.
The report of the directors of the Inter-Colonial
Royal Mail Steam Packet Company recommends a
dividend on the original and new shares at the rate
of 7i per cent. per annum, free of income tax, for
the ast half year.
At the annual general meeting of the Peninsular
and North African Steam Navigation Company, held
yesterday, Captain George Bayley (Elder Brother
of the Trinity House) in the chair, the accounts
submitted were unanimously adopted. The divi-
deud declared was 4 per oent, payable on the let
of June. A complimentary vote of thanks was
given to the directors.
Subjoined are the latest quotations of insurance,
gas, dock, and other shares, as given in the last'
Stock Exchange list :
1111W11030. —AB is ooe British and Foreign, 161 ex dies. ;
Regis, 7 ; Globe, 1001 ; Ouardien, 511 ; Indemnity Marine,
137 ; Law Life, 81 ex div. ; London and Provincial
Marine, 2 ; Marine, 100 ; Ocean Marine, 91, Bf, 9 ;
Mimi; 160 ex dlv. ; Rock Life, 81 ex div. ; Union, 272,
2731 ; Thames sod Mersey Marine, 31 ; Universal
Marine, 24.
des Light and Coke. Greet Central, 101 ; Imperial. 81 ;
ditto New, 571, 57 ; London, 681, 70 ; Phoenix, 71 ; West-
miaster Chartered, 711 ; ditto New, 194, 1 ; Western. 16g
ex dir. ; ditto New, 4 ex div.
Docks.—East sad West India, 117 ; London, 49, 4 4.
Waterworks.—Berlin, 41 ; Southwark and Vauxhall, II&
With reference to the market for American secu-
rities, Mr. E. F. Satterthwaite reports as follows:
The market is London fee American securities continues
very sensitive to the tenor of advisee by each mail as it arrives.
The serious character of those last received has produced a
depressing effect on States stocks and railroad bonds ; the
latter are more freely offered for sale, without meeting
buyers, although is many eases a price would be accepted
which would leave a large margin on the lest quotations
received from New York. Mona shires have been largely
dealt in from 38 to 40 discount, closing :641 discount exactly.
1144 e shares have ruled from 181 to 191.
Tho following is from Mews. Culverwell,
Brooks, and Co. s monthly hide circular :
The hide market during the past month has been ex-
asediagly inactive, Its tone being very quiet, with but a
limited home sad export &mead. Salted hides : The ten•
assay of this market has been to slightly lower prima
South American have held their way batter than most do-
moriptioas, the stock oontiauing small, and holders tirni in
thee demands. The males made are, however, very limited.
Anetralian were in fair demand for export, but the borne
trade were hut small buyers These hides are Id. per lb.
lower than they were upon the Bth ult. Cape : For these
hides a steady &mead has been experienced, and, consider.
ing the quality of the hides offered, extreme prime have

hem nailed. Hone hide' : The sales made were at a de-
cline of 4d. to CA. per hide upon malted, while dry have add
at prevkaae rata. Sophsh market hides have been seam
at prices generally in favour of buyers at the several marbea
days held during the month. East India kips :At the bsh
series of public sales a steady demand prevailed for killalb
consumption cad export generally at previous rates'; but at
the last eerie cal 7 • limited inquiry was experienced, at a
dachas of Id. to gd. per lb., except for hides of itaeu:
lily, which met with a fair demand, and in most
realised former prices. The leather market continues to
rule irregularly, some factors reporting a limited, whir
others speak of • fair business being done. Pricea
however, mostly in favour of buyers ; but the sne
weather and easier money ought, we think, to be bent
to the trade.

WcossisneY Isairwe.
Console, which closed yesterday at 911 to / ,for
money and to-morrow's settlement, opened this
morning at the same quotation, and closed at :91
"sellers." For the June account the price o
at 92/, and closed at 92 to 1-16. The offi
ness report is at follows :—Three per Cent. Gonna%
for money, 91/, I ,• ditto for account (May 9),
NI, I ; Three per Cents. Reduced, 89k, 90 ; Net
Three per Ceuta., 891, 90 • Thirty Years Annui-
ties, 1886, 151 ; Bank StPck, 232, 233/ ; India
Ave per Cent. Stock, 101,1 ; ditto for account,
101/ ; ditto Scrip, 1011 ; ditto Four per Cent. De-
bentures, 1858, 96*; ditto 1859, 961, ; ditto
Bonds, 20s. du. ; Five per Cent " earned" rupee
rxr, 944, 93/ ; ditto Fire-and-a-Rolf per Cast,
"continuation" on Consols to the /hoe .
tax
;uniti:reasquals-Ito6 t 4 i per
4piper
cceenit. including
ti per,
annuw,
withoutino
the income tax.

The Indian Five per Cent. Stock was last quoted
1011 to a, being again lower ; the Five per Cant
rupee paper, 93i to 94* ; the Five-and-a-Half per
Cent., 100 to a ; and Exchequer Bills, 9s. to da.
dia., being lat. India Bonds were likewise heavy,
sales being effected at 20a. die.
The foreign stock market remains heavy.
The shares of the Bank of Egypt were quoted
rather lower to-day. Loudon Chartered Bank at
Australia were inquired for. Other bank shims
were steady. A of 11. took place in Royal Mail
Steam, which, with 601. paid, are now quoted cely
48 to 48. Great Ship were in demand, and have
risen to 6s. 9d. to 7s. 3d.

The closing quotations for shares in new under-
takings to-day were as follows :—Ocean Marine In-
surance, 31 to 4 pr m. ; Thames and Messy
Marine, Ito pram. ; Universal Marine L
mice, gto f prem. ; London and Provincial )(s-
-eine, I din to par ; East India Irrigation, i is
dia.; and Natal Land, Ito prem.
The price of turpentine shows • reaction. Ame-
rican is now quoted nominally 50s. to 51s.