The Express.
London, England, 1861-07-03 00:00:00

MONEY MARKET.-(THJS DAY.)

Two o'CLocit.

There is still no improvement in the funds. Con-
sols are quoted exactly the same as yesterday after-
noon. Very little business is going forward. In
the market for English railway stocks, however,
the transactions have been more numerous, and an
almost general advance has taken place. In other
respects there is no movement of interest.

At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Renter opened at
67fr. 600., being Bs. lower than yesterday.
Consols are officially marked 89g and 1, ex
div., for money, and 891 and 1, ex div., for the
account. The present quotations are 891 to
f for money, and 891 to #, for the 10th of
July. The official business report is as follows :
Bank Stock, 2281, 229 ; Three per Cents. Reduced,
881, 1 ; New Three per Cents., 881, # ; India
Five per Cent. Stock, 981, 1, ex div. ; Five per
Cent. " enlaced " rupee paper, 94 ; Exchequer
Bills, March, 75., 12a. die.
Turkish Bonds have met with a fair amount of
business, and the late rise is maintained. The
loan of 1854 is now quoted 731 to 1, and
that of 1858, 581 to I. Mexican bonds are
dull. Sales are recorded as follows :—Bra-
zilian Old Five per Cents., 991 ; ditto Four-
and-a-Half per Ceuta., 1860, 861; Mexican
Three per Cents., for account, 22 ; Spanish Three
per Cents., 482, ex div. ; ditto New Deferred Three
per Cents.,.4ll, I, f, ex div. ; ditto Passive, 161 ;
Turkish Six per Cents., 1854, for account, 731,
f ; ditto Six per Cents., 1858, 58, ; ditto for ac-
count, 581, # ; Venezuela Three per Cents., 18.
The discount market is still tight ; and, little
business being done below 6 per cent., the applica-
tions at the Bank continue to be rather active.
The bills maturing on the 4th (to-morrow) are being
prepared for. Some relief will probably be expe-
rienced next week.

Some attention has been excited by the an-
nouncement from Paris that the Bank of Frances
have begun to pay their notes in silver, in lieu of
gold, as heretofore. This they can do, without fear
of provoking a run, now that the price of silver is
lower. France having a double standard it is
optional with the Bank to pay in either metal.
Their object is doubtless to check the drain of gold
which has been going on for some time past to
America, chiefly through England. They withhold
the gold, which the bullion exporters want, and proffer
to them, instead, silver, which is not suited for
remittance to America. The consequence will be
that the silver must be sent to Rolland, or
other neighbouring countries, where there is •
market for it, and gold must be procured there in
exchange. The Bank of France thus succeed in
embarrassing the transaction, but will, at the same
time, throw the exchanges against France, in pro-
portion to the extent of the additional cost entailed
upon bullion exporters by the circuitous operation
now rendered necessary. The announcement contri-
buted to make the exchanges here firmer this after-
noon. France, of course, doe. not diminish by
one single franc her liability to pay her debts to
the foreigner. The expedient to which the Bank
have now resorted, however, apparently heralds a
considerable decrease in the bullion in the coming
monthly return. The private advices from Paris
report so increased demand for money.

Should any subscriber t 3 the New India Loan
ohooee, on the 19th July, in oompleting the first
instalment, to pay np also the remaining 80 per
cent., the 5 per cent. discount allowed by govern-
ment will be worth to him 17s. 4 4-10 d., or say I
per cent. In oonsideration of this allowance the
new scrip will be worth i per cent, more than the
old stock.

About 16,0001. in gold was taken to the Bank
yesterday. The steamer City of Washington, for
New York, is expected to take to-morrow a consi-
derable amount, including some parcels recently
imported from the Continent
The steamer Ceylon to-morrow, will take
274,8811. in specie and bullion, of which 269,0461.
is silver (including 140,4341. on government account
for Calcutta), and the rest gold. The particulars
are as follows :—For Ceylon gold, 2,1601. ; for
Madras, gold, 2,8861. ; for Calcutta, gold, 6001.,
and silver, 234,634/. ; for Hong Kong, silver,
13,0231. ; and for Shanghai silver, 21,3861.
The foreign exchanges yesterday afternoon were
firm; and in one or two instances, including bills on
Holland, the tendency of prices was upwards. Sub-
joined is oar usual list :
Amsterdam, S mouths, 12.1 to 1; ; ditto 3 days, 11.19
to ; ; Rotterdam, 3 mouths, 12.1 to 1; ; Antwerp, 3
mouths, 25.62; to 7; ; Hamburg, ma. banoo, 3 mouth.,
L 4.101 to ; Paris, 3 days, 25.35 to 40 ; ditto, 3 mouths,
25.65 to 70 ; Freakforkm•tbe-Ilaine, 3 months, 1191 to
120 ; Petersburg (per rouble), 3 numths, 3211 to 3 ;
eft 90., 3 months, 14.35 to 45 ; Tricot*, aft. 60., 3 months,
14.35 to 45 ; Madrid, 3 mouths, 48} to I ; Qedis, 3 mouths,
48j to j ; Leghorn, 3 months, 25.80 to 5 ; Ream, 3
months, 25.80 to 5 ; Milan, 3 mootha, 15.80 to 5 ;
Naples, 3 months, 39 to ; ; Palermo, 3 smooths, 117 to 4 ;
Messise, 3 mouths, 117 to ; ; Lisboa, 90 days, 52f to j ;
01,040, 20 daTh 52; to i•
The Liverpool cotton market continues very
firm and active. The tales yesterday reached
20,000 bales.
A gene.al meeting of shareholders in the City
Bank is Galled for the 16th inst., to declare a
dividend.

The hall-yearly dividends are advertised on
Crystal Palace Preference and Debenture stocks.
rbe memorial on the subject of the China mail
service, which lies for signature at the London and
China Telegraph office, is to be presented to the
Chancellor of the Exchequer, at the Treasury, on
Friday afternoon. The deputation, consisting of
Sir Stuart Donaldson, and Messrs. Thomal
Dent, T. Junes Gibb, Walter Gledstanea, Walter
Buchanan, M.P., Harvey Lewis, AL P. and others,
will be introduced by Mr. S. Gregeon, M.P., chair-
man of the East India and China Association.

The Circular of Mr. Otbun Trithen, dated
Odessa, June 21 (forwarded by Mr. John Draper)
has the following on the Vial/. trade :
Although the supplies from the interior are very large,
our grain trade dues not yet derive benefit therefrom. Owing
to all that arrives being so badly conditioned, holders of the
small quantities of dry wheats which we have ark prices out
of all proportion with dime of the places of consumption ;
whilst, on the other hand, damp wheats are sold at very low
prices, in order to avoid the enormouseharges of drying and
warehousing, which have doubled, and even tripled. This
state of thing. renders operations nearly impossible ; and it
is consequently not to lie wondered at that business is
paralysed.
Letters from Venice, dated June 25, state that
the harvest had commenced, and promises a good
yield, both in quantity and quality. Speculative
purchaser for October had been made, at from 445.
to 455. 6d. per quarter, free on board, acoording to
the weight guaranteed.

TOSIDAT ISVIORIIO.
Consols, which closed yesterday at 89# to 4, ex
div., for the 10th of July, opened and closed to-day
at the mane quotation. For money the last pike
was 89g. The official business report is as fol-
lows :—Three per Cent.Cousols, for money, 894, 4,
ex div. ; ditto for account (July 10), 89 , 4,
ex div. • Three per Cents. Reduced, 884, 4 ;
New Three' per Cents, 884 1,4 Thirty este
Annuities, 1885, 151 ; Bank 'Stock,; 2301 ; India
Ave per Cent. stock, 984, 1,4, 4,4, ex div. ;
ditto, for amount, 98j, ex div. ; ditto Four per
Cent. Debentures, 1863, 954, 95 ; ditto, 1859, 963
ditto Bonds, 10A. dis. ; Four per Cent. " enfaoed "
rupee paper, 771.
The India Five per Cent. stock was quiet, at 984
to 4. There was a recovery of ls. to 2s. in Ex-
chequer Bills ; the March issue closed at Ils. to 7s.
die., and the June at ss. to 2s. die.
he transactions in foreign stocks were upon a
moderate scale.
In the market for bank shares there was an
improvement in Chartered Bank of India, Aus-
tralia, and China, Chartered Mercantile Bank of,

India, London and China, sad City Bank. In the
miscellaneous share market the only alteration was
a slight improvement in National Discount.
The closing quotations for shares in new under-
takings to-day were as follows :--Ocean Maria*
Insurance, Si to pew ; Thames and Mer-
sey Marine to prem. ; Univmsal Marine
Insurance, Lto dm. ; London and Provincial
Marine, i to par, ex div. ; China and Japan
Steam, par to prem. ; Commercial Copper,
tomsand Semd Iron, to i prem.
Government Six per Cents. were heavy
to-day, whilst Victoria Government Bonds were
inquired for.