The Express.
London, England, 1857-06-30 00:00:00

MONEY MARKET.-THIS DAY.

Two o'CLocx.
There hai been no movement to-day in the funds.
which remain at the closing quotations of yester-
day. In every part of the Stock Exchange there
is an entire absence of animation.
Consols remain quoted 921, to ex div., for the
9th July. The Three per Cent Reduced are marked
921 to • the New Three per Cents., 92i tol ; Ex-
chequer Bills, 7.... to 2s. die ; and Exchequer Bonds.

1858, 981 to 1.
Foreign stocks of all descriptions are very quiet,
and present no feature of interest. Annexed is a
complete lit of the morning's sales, viz. :—Chilian
Six per Cents., 103; Danish Five per Cents., 102;
Dutch Two-and-a-Half per Cents., 651; Peru-
' visa Four-and-allalf per Cents., for the 16th
July, 80, being better; ditto Three per Cents., 55;
Sardinian Five per Cent., 891; the Spanish Coupon
Certificates, 61 ; Turkish Six per Cent., 951; ditto,
for account, 96.
The demand for money was yesterday good, and
the current terms are equal to those of the Bank. Pre-
parations are being made for the bills maturing on
the 4th of July. In the Stock Exchange money
was rather more wanted, partly in connexion with
the share settlement, and commanded 6 per cent. on
government securities.
Large reinforcements will doubtless be at once
despatched by Government to the East, and the
shipping interest are on the look-out fur the issue of
a notice inviting tenders for their conveyance.
At Paris rumours are circulated that the govern-
ment contemplates reducing the rate of interest on
Treasury Bonds. The decline which is understood
to have taken place, since the date of the last return,
in the stock of coin held by the Bank of France is
partly explained by the payment of the dividend
which fell due the 22nd inst. on the Three per Cent.
Hentes.
At Hamburg the rate of discount has risen to 7 to
71 per cent. At Paris the rate is 61 per cent.; at
Amsterdam, 4 per cent.; at Frankfurt, 3 to 4 per
cent. ; at Berlin, 3 per cent ; and at Vienna, 5 per
cent.
At Vienna the exchange on London has receded
from 10.9 to 10.7. This indicates • favourable
feeling.
The 247,4001. in specie brought by the America,
from New York, or, rather, the considerable portion
of it destined for London, will be in hand to-day,
and some amount is expected! to be sent into the
Bank. It is satisfactory to notice that, notwith-
standing the magnitude of the remittances of specie
to this side, the exchane at New York on London
remained firm, and even showed an upward ten-

deny.
The steamer Tagus has taken out 4,2131. in specie
to Cadiz.
The letters and commercial advice' brought by
the overland mail confirm the impression which pre-
vailed on Saturday that the exchange at Calcutta on
London was erroneously quoted one penny too low
in the telegraphic messages. It will be seen from
the subjoined statement of the closing rates for first
class bills by the present and previous mails, that
the more favourable movement of the Chinese
exchanges is fully counteracted, so far as regards the
effect upon our market, by the adverse alteration
that has taken place in the Indian markets
Previous Mail. Premat
At Calcutta 2s. ltd. to lid. .... lid. to red.
At Bombay...
At Hong Hong
Shanghai 7.. M. to bd. .... Is. 4d. to 44d.
Notwithstanding the advance in the rates in India,
however, remitters of silver to the East seem in-
clined to pause, considering the magnitude of the
amounts lately despatched from this side, and the
unsettled state of affairs in those regions. It is at
present computed that the shipments of specie and
bullion by the steamer Colombo on the 4th July will
not exceed 600,0001. or 700,0001.
Despite the disturbances amongst the native sol-
diery, the government 5 per cent. loan was being
freely subscribed for in India, and stood at prem.
in the Bombay market.
The bar silver brought by the steamer La Plata,
from tho West Indies, &c., was sold yesterday for the
East at 5s led. per ounce standard, being a reduc- •
tion of Id. from the price realised for the supply b/.
the previous packet. The dollars by La Plata realised
the former quotation of sa. Id. per ounce, and
were taken tor China. The Cbilian dollars by the
same vessel were sold at 4s. 110. per ounce.
The wind having changed to the south-west, the
arrival of the following vessels from Australia may ,
be looked for, viz.:—The Stcbonheath, out 113 days, ,
with 21,0001.; the Frances Beaty, out 101 days, ;
with 00,0001. ; the Champion of the Seas, out 66
days, with 146,0001. ; and the Roxburgh Castle, out
84 days, with 122,5001.
The next intelligence from Australia by the over
route is not expected to reach London by tele-
until the latter end of July. The advises
Ch Sydney will extend to the 11th of June, and
those from Melbourne to the 14th idem.
The corn market yesterday was very dull, and •
wheat and flour were not saleable unless at some re-
duction from last Monday's rates. Since last Friday
IS floating cargoes of grain have arrived at ports of
eall, several of which were sold previous to arrivaL
The country corn markets held at the close of last
week were generally rather flatter.
The accounts relative to the grain crops on the
Continent arc generally satisfactory, except as m-
olds that important article, rye, which is stated to
have suffered from the drought. In many parts of
Southern Europe the harvest has commenced under
very premising circumstances. In Algeria and
Egypt great abundance is expected. Moat of the
French corn markets are reported dull, and flatter.
It is stated, however, that the potato disease km
reappeared in the south of Ireland.
The tallow market continues in an excited state,
owing to the position of the speculative account. As
much as 745. oils yesterday paid for June, the prize
for the end of the year being nearly 18e. lower.
The colonial wool sales will commence on Thurs-
day, the 16th July.
It has been determined, by vote of the members,
that the London Indisputable Life Policy Company
shall be amalgamated with the Bank of London and
National Provincial Assurance Amociat on.

NOMA"! ZIPICIBIO.
The funds opened this morning with rather more
firmness, the tenor of the detailed intelligence from
India inducing a hope that the insurrection amongst
the native troops will be promptly put down. Sub-
sequently sales were renewed, and the closing quo-
tations were about 1-16 per cent. below those of Sa-
turday. In the share markets, the settlement in
which will be completed to-morrow, some Sanaa
also prevailed. There are still no symptoms of a re-
vival of business, speculation having received a fresh
check.
Consols, which closed on Saturday at 92Z,
" buyers," opened this morning at 92 13-16 to
receded to 921, and closed at 92 11-16 to / ex
di,. for the 9th July. The official business report
is as follows : Three per Cent. Console, for ac-
count, 9tk July, 92f, 1, ex div. ; Three per
Cent. Reduced, 921, ), ; ; New Three per Cents.,
en, f, I, ; Thirty Years Annuities, expiring in
April, 1885, 18 1-16 ; Bank Stock, 214, 212 g.
Consols for the " opening " (17th July) were
marked 93 and 921 ex div.
Exchequer Bing were dull in the morning, at
Satarda,t'a reduced quotation of 10s. to ss. die., bat
afterwards recovered to 7s. to 3s. die. India Bonds
were quoted 10s. to ss. die.; and Exchequer Bondi,
961 to 99.
Turkish stocks declined about per cent., the Six
per Cents. being last quoted 95; to 96, and the
Guaranteed Four per Cents., 1011 to /—in each cass
for money. For the 16th inst. the Six per Ceuts
closed at 96 to Spanish Old Three per Cents-
were rather more offered, and other foreign desesip-
Gans quiet.

THE OCEAN STEAMERS.—The Montreal Sena
believe* that the government has finally *mimed with*,
Itraetera for the lanebee line of ocean steamers to put en
to run every week daring the summer, instead of every
*ght, end every fortnight during the winter.