The Express.
London, England, 1861-06-04 00:00:00

MONEY .If4IiKET.-(THIS DAL)

Two o'CLoce.

The announcement that the new Indian Loan is
to be for four millions sterling has been followed
by a further decline of I per cent. in tie
funds, and of fully per cent. in the
India Fire per Cent. stock. English rail-
way stocks arc likewise lower, particularly the
two speculative descriptio•.ns—Midland and Lanca-
shire and Yorkshire. The general tone in the Stock
Exchange is heavy. _ _ _

At Kris this Morning, according to Mr. Ren-
ter's telegram, the Three per Cent. Rentes opened
at 691 r. 30c., showing no change.
Consols are officially marked 901, 1, and ex
div., for moncy, and 911, cum div., for the account.
The present quotations are 901 to 1, ex
div., for money. and 91:: to 1, cum div.,
for the 6th of June. The official business report
is as follows :—Rank Stock, 232 ; Three per Cent&
Reduced, 891, 1, u ; New Three per Cents., 991, *, I;
India Stock, 288 ; ditto Five per Cent. stock, 98/,
1 ex div. ; ditto for account, 101, cum div. ; ditto
Four per Cent. Debentures, 1858, 951 ; Exchequer
Bills, March,3a., 6s. dir., ex div. ; ditto June, 211.,
ls. dia.

Business in the foreign stock market is almost
at a standstill. The only feature is a fresh Mil in
Mexican Bonds, which are last marked 211 and 22.
Sales are recorded as follows :—Mexicau Three
per Cents., fur account, 221, 211, 22 ; Pied-
moutese Five per Cents., 74 (exchange 25fr.)
Russian Four-and-a-Half per Cents., 911.

Foy s o'Clo(A.

Consols show no change, compared with 2
o'clock, being quoted 901 to 1, ex div., for money,
and 911 to„ cum div., for the account (June 6).

The transfer books of Consols and the Indian Five
per Cent. stock were reopened yesterday morning.
after their formal shutting for the dividend, and
transactions now take place for money ex the divi-
dend.

In the Stock Exchange there was a good demand
fur money yesterday afternoon, and 5 per cent. was
paid in some instances for short loans on govern-
went securities.

At Vienna on Saturday the exchange on London
declined to 136.50.

About 12,0001. in gold was bought by the Bank
yesterday. The Owen Glendower, from Melbourne.
has arrived off Falmouth, after a passage of 12111
days, with 57,0001. A parcel of gold is also re-
ported from Constantinople yesterday.
The mail steamer Magdalena, from Brazil for
Southampton, has reached Lisbon, with 35,687/. is
specie.
There is some discrepancy in the quotations of
exchange in Pas New York letters, but the rate is
believed to be 1054 to 106 for bankers' bills, being
rather lower than by last post. The market fur
sterling bills in America continues in a disorga.niased
state with wids quotations.
Illinois Central Railway shares come quoted from
New York at a fall, namely, at 05, which is equal
to about 38 dix. here. The fact, however, that the
London price is rather lower diminishes the pros-
pect of consignments of the shares for sale iu this
market. _ _ _ _

The mail from Bombay has arrived at Malta,
and is expected in London about the middle of
the week.

The Liverpool cotton market yesterday was
steady, with salee to the exteut of 10,000 bales.
The subjoined circular announces the failure of
Marra T. and R. Raikes, private bankers, of
Hull. The liabilities are probably under 100,0001.,
and it is thought that a good dividend will be
realised. The immediate cause of the stoppage is
not known. This is not a bank of issue. The
partners are Mr. Thomas Raikes, of London, and
Mr. Robert Raikes, of Hull :

Hull, June 3.
Sir,—We are under the very painful necessity of appris-
ing you, that diMcnitiee in which we find ourselves placed
oblige us, in the interest of our creditors generally, to decide
upon suspending our payments. We had until so late as
filitlinday entertained hopes of obtaining inch assistance as
would have enabled us to avert this crisis : but our efforts
in that direction not proving successful, we have without
del.iy adopted the only alternative left tow. Our affairs are
under investigation by Messrs. Quitter, Ball, Jay, and Co.,
of te•street, London, who will prepare a statement
to be laid before our creditors on the earliest possible day, at
a meeting of which due notice will be given ; and request-
ing your kind forbear.ince in the meantime,—We remain,
dr. T. and R. Ramos and Co.

The stoppage is also announced of Messrs.
Mackay and Real, commission merchants and in-
surance brokers, of the Old Jewry, with highly
respectable connexions. As the operations of the
firm have been considerably circumscribed of late,
it is believed that the liabilities will not exceed
30,000/. The circular issued by the solicitor iu this
case is as follows : _