The Express.
London, England, 1861-07-31 00:00:00

EVENING, JULY 31, 1861.
SHARE L1578.-(THIS DAY.)

Two &Qom

Little business is going forwardis thsoinilway
share market to-day, attention being chiefly
occupied by the fortnightly settlement, now in
course of completion. With the exception of a
fractional improvement in South Eastern, prices
are generally the same as yesterday. London and
North Western stock is now quoted 93 to 1 ; Great
Western, 701 to 1 ; Midland, 1211 to 122 ; Lan
cashire and Yorkshire, 110} to 1111; Caledonian,
994 to 1; South Eastern, 811 to ; Eastern Coun-
ties, 491 to 1 ; and Great Northern, 1071 to 1061.
Lombardo-Veuetian Railway shares are steady,
at 1-16 to 3-16 prem. The Indian and Canadian
lines are very quiet. The latter are rather Eat
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MONEY MARKET-MWS DAL)

Twos o'OLoci.

The funds to-day are rather firmer, owing
chiefly to the favourable tendency of the
money market. An improvement of 4 per cent.
has taken place in Consols. This is settling
day in the share and foreign stock markets, and
little other business is going forward. English
railway stocks have scarcely varied in price. The
Turkish Six per Cents. of 1858 continue to rise.
The scrip of the New India Loan is firm, at
100 to 1 ; and t'oe stock at 991 to 1.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rents* opened at
67fr. 80c., being sc. lower than yesterday.
Console are officially marked 90 and 1
for money, and 901 for the account (August 7).
The present quotations are 90 to for
money, and 901 to for the 7th August.
The official business report is as follows :—Bank
Stock, 232 ; Three per Cents. Reduced, 891,
901 ; New Three per Cents., 901, 90 ; Thirty
Years' Annuities, 1885, 151; India Five per
Cent. Stock, 991, 4,1, ; ditto scrip,
1001 ; ditto, Bonds, 6s. dis. ; ditto Four per Cent.
Debentures, 1864, 961 ; Exchequer Bills, March,
125., 7s. dis. ; ditto small, 12s. dis. ; ditto June,
4s. dis. ; ditto small, 361. dis.
In the foreign stock market the only movement
worthy of notice is a froth rise of 1 per oent in
the Turkish Loan of 1868, which is now quoted
684 to 4. The loan of 1854 is marked
781. Sales are recorded as follows :—Peruvian
Four-and-a-Half per Cents., for account,
974 ; Russian Four-and-a-Half per Cents.,
90 ; Sardinian Five per Cents., for account,
79 ; ditto New Deferred Three per Cents., for ac-
count, 411 ; Turkish Six per Cents., 1854, 781 ;
ditto Six per Ceuta., 1868, 68 ; ditto for account,
671, 681 ; ditto 1001. bonds, 70, 69 ; ditto
Guaranteed Four per Cents., 10.
The Tyne, from Brazil, has arrived at Lisbon,
with 24,700/. in specie.
The discount market yesterday showed increased
ease. Good bills were taken in Lombard-street at
5 per cent., and transactions in 6 months' paper
have even occurred at that rate. Very little busi-
ness was consequently done at the Bank.

- -
About 115,000/. in gold was taken to the Bank yes-
terday, making 558,0001. since the date of the last
return. The recent supplies from Australia at
now nearly exhausted, but the 70,0001. by the Tas-
manian has yet to be dealt with.
The foreign exchanges yesterday afternoon were
generally firm. Subjoined is our usual list :
Amsterdam, 3 months, 12.1 to 1 ; ditto 3 days, 11.181
to 191 ; Rottembun, 3 mouths, 12.1 to 1 ; Antwerp, 3
mouths, 25.68 to 70 ; Hamburg, ma. bOOOO, 3 mouths,
13.10/ to 1 ; Paris, 3 days, 25.35 to 40 ; ditto, 3 months,
23.85 to 70 ; Frankfort-orni-the-Maine, 3 mouths, 119/ to
1 ; Petersburg (per rouble), 3 incaths, 33 to 1; Vienna,
if. no., 3 m0nth,,14.30 to 5 ; Tries* eft 10., 3 months,
14.30 to 5 ; Madrid, 3 months, 481 to 4 ; Wiz, 3 months,
484 to 9 ; Leghorn. 3 months, 25.80 to 2 Genoa, 3
months, 25.75 to 80; 3 months, 2375 to 80;
Naples, 3 months, 391 to 1; Palermo, 3 mouths, 1171 to 1 ;
Marina, 3 mouths, 1171 to ; Lisbon, 90 days, 52/ to 1 ;
011orioi 90 days, bat to a•

The Liverpool cotton market yesterday waa firm,
but the sales did not exceed 8,000 bales.

At a meeting, held ou Monday, of the committee
which was nominated at the fire-insurance meeting
at the Mansiou-house on the 25th inst., it was re-
solved that representations shall be made to the
principal insurance companies with regard to the
proposed serious irerease in their tariff, and that
pending these negotiations the arrangements for
the formation of a new fire insurance company
shall remain in abeyance. It appears, however, to
be certain that in the event of these negotiations
nut coming to a satisfactory issue a company will
be organised upon a large scale and under powerful
auspices, and that it will be supported, both in a
pecuniary and administrative sense, by some of the
first houses in the City.

The following circular, which was issued yester-
day to the shareholders in the Commercial Bank of
London, describes the arrangements which have
beet made for au immediate return of one-half of
the capital :

Commercial Beak of London, Lothhnry, July 30.
Bir,—The directors have much pleasure in informing you
that the proposal made by their circular of the 2nd instant
has been expressly assented to by 303 shareholders, holding
together 1:4,346 of the 15,000 shares in the bank. In the
report made by the directors to the special general meeting
of shareholders, held on the 19th March, 1861 (and which
was approved by that meeting), the directors, adverting to
the uncertainty attending the realisation of meets
under the eircumstenees in which the beak was
placed, " coutiued themselves to the expert= of
their hope that the shareholders' capital would be
returned to them in fell." The arrangement made
with the London and Westminster Bank, which was
sanctiooed and approved by that meeting, saved the direc-
tors (as they haul euticipsted) from what might otherwise
have been the painful necessity of realising the assets of the
bank at a merit:lee. Hitherto they Lave avoided that nem-
'say, and it was in the hope that they might reconcile (setae
as r possible) the present convenience of the shareholders
with the preservation of their property, that they made to
them the proposal contained in the circular of the 2nd inst.
An important portion of the assets of the bank could not be
realised at once without • certain, and probably a serious.
lees : by waiting for a favourable opportunity it may be
realised at its full value. Other russets will have to he
realised from time to time. After much consideration, the
director; concluded that they should best consult the eon-
variance and interests of the shareholders, not by dividing
among them, in small sums, the amounts from time to
time realised in the ordinary course, nor by makingan imme-
diate sacrifice of property, in order to divide at once a large
amount, but by obtaining such aa advance from the London
sod Westminster Bank, on the security of the unrealised as-
seta, as would enable the directors to make an immediate
return of one-half of the psid•up capital. For whatever ad-
vance may be required interest at the rate of M. per cent.
per annum will be paid to the Loudon and Westminster
Bank, while the shareholders will make their own interest
on the money returned to them, and will eventually have
the benefit of an advantageous realisation of the present
assets of the bank. The return of capital to be now made
is so important a step is the final arrangement of the affairs
of the bank, that the directors would not have decided
upon that step unless the shareholders generally desired it,
but the proportion of the shareholders who assent to it is
so much terser than the proportion which is necessary f,r
resolving on a dissolution of the bank, that the directors
feel themselves fully justified in making the return. It,
fact only four shareholders out of 534, and who hold toge-
ther only 10,160/. of the entire capital of the honk, have
expressed their dissent from the arranger:teat. Ou the other
side is a draft for the amount of capital now returustrle to
you, to which please to affix your usual sigirature, and the
same will be than paid on presentation. You will be good
enough, however, before presenting the draft, to forward
to the bank the certificates of your shares, which will be
stamped and returned to you in doe course.—l am, kc.,
A. R. COTBILL, Manager.

. _
The Brighton Railway traffic return shows this
week a decrease of 2,782/., compared with last year,
and not an increase as stated this morning.

The receipts of the Ottoman Railway fur the
week ending the 14th instant were 1691.
An extraordinary meeting of the Atlantic Royal
Mail Steam Navigation Company is convened for
the 14th August, to receive the directors' report
upon the position and prospects of the under-
taking • to authorize an increase of the capital
from likoom. to 1,109,0001., by au issue of 7
per cent. preference shares ; also to consider a
proposal for exchanging the existing shares of the
company, or some of them, for preference shares.
The half-yearly meeting of the Anglo-French
Steamship Company is called for the 24th August.
The half-yearly meeting of the Norfolk Railway
Company is called for the 29th August.
The Calcutta Englishman refers to the operations
which have been commenced at that port in fur-
therance of the plane of the Oriental Inland Steam
Company, and vouches for the vast opening which
is to be found in those waters for an undertaking
of the kind.
We have received a copy of apamphlet comprising
a reprint from the Kerrackee Herald of the report of
the formal open ing throughout of the Seinde Railway,
which is the first complete railway in India. The
pamphlet includes tabular statements from official
sources showing the rapid and steady increase in
the trade of the port of Kurrachee. The excel-
lence of the arrangements made by the company
in India are the theme of especial commendation.

TUESDAY EVISTIFIL
ConsOhl, which closed yesterday at 901, " bay-
ere," Jor the 7th of August, opened this
at 90 to 4, reoovered to 901, "buyers," and
at 90 to 1, which was also the last price for maw.
The official business report is as follows :—Time
per Cent. Consols, for money, 901, 90, ; ditty
for account (August 7), 901, 90 ; Three per O.
Reduced, 89/, 90, 89/ ; New Three per Cowie,
891, 90; Thirty Years Annuities, April, 1885, 1
Bank Stock, 232, 230 ; India Stock, 221, 21111;
ditto Five per Ceut. Stock, 994, $, g ; ditto sea*
1001 ; ditto Four per Cent. Debentures, 1863, Wig
ditto, 1859, 964 ; ditto Bonds, 65., ss. dis. ; View
and-a-Ralf per Cent. " enfaced" rupee PM%
1011,.
Thel India Loan scrip was steady, at 100 he 14,
The stock was last quoted 991 to 4.
The March Exchequer Bills were quoted
to 7s. dis. ; and the June 4s. dia. to par, them
securities still deriving no benefit from the dear es
in the value of money.
There was a fresh rise of to per emit.
Turkish Bonds : the Loan of 1854 closed at 71111
to 79, and that of 1808 at 671 to 68. On the other
hand, Mexican Bonds have fallen to 22 to 1. Other
foreign stocks were quiet.
There was improvement to-day in the Awes d
the Bank of Australasia and Union Bank of Aso-
trails. In the miscellaneous share market scared/
any alteration occurred.
The shares of the Oriental and General Magee
Insurance Company (the subscription lint of whit\
will be closed on Thursday, the lat August) ewe
last quoted 1 tog prem.