The Express.
London, England, 1861-02-08 00:00:00

19 91
16 17

MONEY MARKET.-{THIS D 417)

Two o'CLocc.

There has not been much business to-day in the
funds. Firmness is shown. At one period of the
morning an improvement of per cent. was
attained, but this has since been lost, owing to •
rather remarkable pressure for money in the Stock
Exchange. British railway stocks exhibit a fresh
fall.

The proceedings in connexion with the adjudica-
tion of the Indian loan are now in progress at the
ludia-offics in Westminster. Great interest is
evinced to learn the government reserved price, re-
specting which no intimation has yet reached the
City.

The Indian Five per Cent. Stock is firmer, and
is last marked 9911 for the account.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened at
68fr. 4k., showing a fresh rise of per cent.
since yesterday.

Consols are officially marked 92, 911, and 92
for money, and 921 and # for the account. The
present quotations are 911 to 92 for money,
and 921 to 1 for the 7th of March.
The official business report is as follows
Bank. Stock, 231, 233 ; Three per Cents. Re-
duced, 31E, 92, 912; New Three per Cents.,
91E, 92, 911, 92 ; Thirty Years Annuities, expiring in
April, 1833, 161; India Stock, 219, 2181 ; ditto
Five per Cent. Stock, 991, 1 ; ditto, for
account, 99/, 981, ; Five per Cent. " enfaced's
rupee paper, 93 ; Exchequer Bills, Si,., 35., la., dis.
The foreign stock market is quiet. Portuguese
bonds are in better demand. The Turkish Loan of
1854 remains quoted 701 to j ; and that of
1853, 561 to 2. Mexican bonds are quiet.
Sales are reconled as follows :—Brazilian Four-
and-a-Half per Cents., 1860, 86 ; Dutch Two-and-
s-Half per Cents., 632 (exchange 128.) ;
Mexican Three per Cents., for 'coconut, 231 ;
Piedmontese Five per Cents., 761 (exchange
25fr.); Portuguese Three per Cents., 1863. for
account, 451, 46 ; ditto Three per Cents.,
1856, 1857, and 1859, 431, 46 ; the Spanish
Committee's Certificates, 51; Turkish Six
per Cents., 1854, for account, 71 ; ditto Six
per Cents., 1858, 561 ; ditto, for account, 562, 2 ;
Venezuela Three per Cents., for account, 21.

The Strathdon has arrived from Melbourne
with 196,0001. in gold.

The discount market yesterday was rather tight,
at 6 to 7 per cent, for the best bills. There was
an increased demand at the Bank.

At Vienna on Wednesday the Austrian funds ad-
vanced } per cent.

There were again no gold operations at the Bank.
The remittances of specie to the United States are
now ceasing ; the total by the Kangaroo, whicrgt
on Wednesday, was only 3,900!.
The remittances of silver by the next outwanl
Bombay steamer are expected to exceed 400,filiar
The Stock Exchange Committee has confirmed
the sentence of expulsion against the member whose
case has been referred to.

Tho Liverpool cotton market yesterday was
steadier, with sales to the extent of 7,000 bales,
but there was no recovery in prices.

In the Bankruptcy Court yesterday Mr. J. H.
Smith, tanner, of Bermondsey, passed his exami-
nation.

Messrs. Baring Brothers and Co. have pub-
lished the correspondence which has taken place
between Mr. David Robertson, M. P., and the
Government of Buenos Ayres, with regard to the
conversion of each bond of 500/. into five of 1001.
each. Messrs.
Baring add that they will be pre-
pared as soon as practicable to carry into effect the
arrangements referred to.
The dividend on North Staffordshire Railway
stock is announced at the rate of 4 per cent, per
annum, being also the same as that paid for the
corresponding six months of 1859. The shame
were heavy upon the announcement.
The Eastern Counties Railway traffic return
shows this week an increase of 167/. • the Lanca-
shire and Yorkshire an increase of 1,6201. ; the
Manchester, Sheffield, and Lincolnshire an increase
of 459/. ; the Midland an increase of 3,4231., prin-
cipally in the merchandise and mineral traffic ; and
the North Eastern an increase of 3,1181.

The annual general meeting of shareholdon in the
City of London Brewery Company (Limited) took
place yesterday. The gross profit during a period
of eleven months has readied 43,155/., out of which
a dividend of 6 per cent. per annum, both on the
preference and ordinary shares, was declared. The
amount carried over to the reserve fund is 1,704 L ;
leaving a balance of 754/, to be carried to the credit
of the next half year's account. In concluding
their report the directors remark :—`• Making due
allowance for the unfavourable weather throughout
the past year for the consumption of ale and beer,
and the great and unforeseen rise in the price of
malt and hops, the directors think that, when they
can lay before the shareholders a statement showing
a bend fide gross profit approaching 50,000/. a year,
they are fully warranted in stating that the suc-
cessful establishment of the company is now placed
beyond all question."
The half-yearly meeting of the London and North
Western Railway Company is called for the 22nd
instant.

A further call of 31., completing the moiety of
the capital which is required by the royal charter
before the commencement of 'banking buainese,
is to be paid on the shares in the London and
South African Bank by the 4th of March.
The directors of the Rhymney Iron Company
have declared a half-yearly dividend of Ife. upon
each 501. 'share, and 4s. 6d. on each 151. share.
The half-yearly meeting of the South Yorkshire
Railway Company is called for the 27th instant ;
that of the Wells and Fakenham Railway Company
for the 28th inst. ; that of the Great Northern and
Western of Ireland Railway Company for the 28th
instant ; and that of the Rhymney Railway Com-
pany for the 26th inst.
The annual meeting of rroprietors of the Bank
of Egypt is called for the loth inst.
The half-yearly meeting of the Submarine Tele-
graph Company is called for the 21st inst., to de-
clare a dividend ; to receive the supplemental
charter, as well as the new convention with the
French government, to authorise the directors to
lay down a new telegraphic line between England
and France; to authorise the borrowing of money
on debenture, and for other purposes.
A petition for the winding-up of the Union Dis-
count Company (limited) is to be heard in the
Bankruptcy Court on the 12th inst. The winding-
up of the British and Foreign Smelting Company
(limited) will be proceeded with in the same court
on the 22nd inst.
Mr. Nathaniel Alexander, of the firm of Messrs.
N. Alexander, Son, and Co., and Mr. Edgar P.
Stringer, of the firm of W. S. Lindsay and Co.,
have joined the board of the India Cotton Com-
pany.

THURSDAY EVINING.
Consols, which closed yesterday at 92k fur the
7th of March, opeued this morning at 92k,
" sellers," and closed at 92k to For money the last
price was 91k to 92. The official business report is
as follows :—Three per Cent. Consols, for money,
91k, 1, I, 1, ; ditto for account (March 7), 92k,
j, ; Three per Cents. Reduced, 911, f, 92 ; New
Three per Cents., 911, 92; New Two-and-a-Half
per Cents., 761 ; Thirty Years Annuities, expiring
in April, 1885, 161, 16 ; India Stock, 2171 ; ditto
Five per Cent. Stock, 991, 1,1, 1, I ; ditto for
account, 984, 991, 1; ditto Four per Coat. De-
bentures, 189 ; ditto Bonds, 20n., 155., din. ;
Five-and-a-Half per Cent. "enfaced" rupee paper,
1002, 4, 101.
Owing to the favourable character of the ex-
planations given by Sir Charles Wood yesterday
with regard to the Indian finances, a rise of 2 per
cent. occurred to-day in the rupee paper. The

Five per Cont. was bat quoted 94 to 96 ; and the
Five-sod-a-Ilan per Cout., 100 to 101; India
Bends were quoted 20s. to 153. die.; and Exchequer
7A. to at dig. . .

The fumign stock market was inactive. Mexican
Bouds wore rather firmer, closing at 231 to 1. The
Turkish Loan of 1854 was quiet, all 701 to and
that of 1858 at 561 to 1.
In the market fur bank shares to-day there was
a alight improvement in Commercial and Bank of
Egypt. Union Beuk of London were quoted rather
lower. The miscellaneous share market was quiet.
Croat Ship shares were quoted se. 3d. to ss. 9d.
Red Sea Tcl:.;.Trapli shares have rallied to 171 to
181, owing to au increasing belief, that whatever
may be the nature of the inessuro proposed by
government, they must tend to consolidate the
company's original guarantee.
Tltere was a further decline in United States
Five per Cents.
The closing quotations for shares in new under-
takings to-day were as follow :—Occan Marine lii-
imranee, 31 to t. prem. ; Thames and Mersey Marine, 11 to If prem. ; Universal Marine In-
surance, 11 to prem. ; London and Provin-
cial Marine, par to prem. ; East India Irri-
gation, 5-16 to 3-16 din. ; East India and London
Shipping, to 1 prem. ; and India Cotton, Ito
Pram.

MI2;ES'.-(THIS DAY.)

Two o'Cwoz: -

The mining market to-day is rather inactive.
Little change has occurred in prices. The trans-
actions have ken principally confined to shares in
East Basset, Wheal Margaret, Great Wheal
Martha, West Caradon, Wheal Grenville, Provi-
dence, and Levant Mines.
There are inquiries for the shares of the Great
Northern Copper Mining Company of South Aus-
tralia, which have been dealt in at 1 prem. North
Rhine copper are marked be., and United Mexican,
34.
-nom Rawkmoor (Feb. 5) Capta'n J. Richards reporta :
" There bun been nu lode taken down at any of the points
of opcmtion Lines last week, consequently there is no alter-
ation to report. We are glad to say that so far u the lode
is cleaned in the pitch, in back of 30, it is a good lode of
copper ore, quite equal in value to former reports,A feet wide,
worth "
fully 6 tuna of copper ore, of very good quality per
fathom.

COMMERCIAL AND MARKETS.

MARS-LANE.-{THIS DAY.)

The weather has been fine since our last report, although
occasionally threatening tor rain. The wind bee now
shifted to seat.

The supply of hotne.grown wheat this week continues
moderate. Ilene !United. Barley a little increased since
last day. Malt a liberal quantity, and oats short.
Botch larley a little in addition, but oats very few.
drub nab, none arrived since Wednesday. The foreign
arrivals of wheat lava much lac eased since last day, prin.
cipally Awueripw, and another very large cargo from San
Franeuico, and a little Black Sea and French. Flour, also
large arrival, of American, and a small parcel of sacks
from Spain. Be rley, Mediterranean and Black Sea rather
large. Oats,. very contracted.
The trade au Eu4lish wheat is a little improved and wiles
made at the full piles of Monday for all good useful
qualities, nut inferior s.unples hang on hand. Foreign, In
retail, at very full prkee.
LIAM trade rather more active and late quotations well
surra. -r:Arrivals very small, and value fully equal to
Monday.
FL We. -A fair business doing in foreign, and rather
better prices obtained today. Norfolk, plow.
Ihisan and Pets without change.
FLOATING CAIUMIL+. -A good business doing at rather
advancing rates. A large number still on sale.
WEcat.-Engliela : Essex and Kent, white, new, 465. to
58s. ; ditto, foe old, 651. to 6Hs.; ditto red, new, 375. to 64e.;
ditto, flue, old, 51,i. to fits. ; Norfolk, lee., fine, old, 595. to
675.; red, new. 46e. to 675. Foreign : Dental°, 610. to
675. ; lino, 67.. to 735. ; Konigsberg, 50s. to Ms. ' • ditto,
extra, G. 1.. to 715.; gostook, 64a. to 675. ; fine, old, 68s. to
715.; American white, 626. to 675. • ditto red. 60s. to 645.
Baacrr. malting, 421. to 464. ; fine, 485.;
griodiug, 304. to 314.; t4l in 325. to 355. per qr. ;
foreign grinding, 29e. to 334.; ditto distilling, 31s. to 3811.;
malting, 41s. to Cs.
MALT. -Eazlisb, Essex and Norfolk, 60s. to 625. ; fine,
67.. to 7.1 h.; Kingpton and town made, Ms. to 645.; fine, 67e.
tone.; brown, fine, 561. to 595.
OAT& -Eoglish feed, 235. Od. to 26e. Od. ; potato,
26a. to 30s. ; foreign, 21s. Otl. to 275.
Haulm -uglish tick, 31s. to 35a. ; harrow' 35a. to 395. ;
pigeon, 355. to ; foreign, ?decagon, 265. to 321.: tick,
:Rs. to 40, ; Krni4aherg, 3.Je. to 46e. ; Egyptian, :;7s. G.
386.

--i&Vs.—English boilers, 404. to --s.; white sod blue, 40..
to 44, ; 'furies, FAL to 144.; grey, 375. to 41s; foreign,
42.5. to 4Gs.

FLOVR. —EngMk town, NO. to 82a. t•ditto Ilne, r:„. to
57a.; country, I. to 41s. ; liovasholda, —4. to —a. ;
Nortol!. and Suffolk, 40a. to 41s. ; French, 41e. to 50a. per
sack; American, :We. to 3k.; Canadian, oh. to Ma. ;
Spanish, 46a. to 49a.

AEUIVAth INTO LONDON TROY YT0..4 TO TEO 3.

Wheat .
Barley .
P!,1!, • •

.LwilUsh v. 0,1 Scotch.
1110
SO
420
•• • I __

Malt
Vas Lisa klour. 610 sacks , Foreign,

-141-WlBB.
38420
21800
210

9p rclu ; and 23.720 Oils

LIVERPOOL CORN MARKET.-(THIS DAY.)
lOUTICH AND MISR MAGNETIC TILLEGILATEL
(MN OUR OWN CORLIMPOSORXT.)

Fair atteudance at to-day's market, with a moderate
busine:4.. W Mott at extreme rates of Tuesday. Flour in more
inquiry, !sieve unchanged. Indian corn fair de, at 375. :M.
to 3d.. fur mined • :425. lid. for Galatz. Beans, Cd. dearer.
Good *idly. ate and oatmeal dull sale.