The Express.
London, England, 1861-05-28 00:00:00

MONEY MARKET.-(THIS DA Y.)

Two o'CLocw.

The funds to-day are flat, owing partly to Um
great dulness of business. Consols have declined
per cent. In the other departments of
the Stock Exchange a little heaviness is ap-
parent. There is a decline in the Turkish Bonds
of 1854 and in South Eastern and Midland railway
stocks. Tim fortnightly settlement has commenced
to-day.

The usual telegrams from the Paris Bourse have
not yet come to band.

Consols are officially markod 911 and fur
money, and 9lt and for the account. The
present quotations are 914 to I for money,
and 91t to I for the 6th of Juno.
The official business report is as follows
Three per Cents. Reduced, 891, b ; New Three
per Cents., 891, 1,4, ; Thirty Years Annuities,
1885, 153 ; India Stock, 226, 228 ; ditto Five per
Cent. stock, 1014, ; Five per Cent. " refaced"
rupee paper, 934 ; Exchequer Bills, 55., Os. die. ;
ditto advertked, is. prem., 2s. dis., 2s. prem.
In the foreign stock market business is almost at
a standstill. The Turkish Loan of 1854 has de-
clined to 714 to 4, whilst that of 1858 is dull at 56
to 4. Mexican Bonds remain flat. Sales are
recorded as follows :—Mexican Throe per Cents.,
224 ; Russian Three per Cents., 1859, 62.
The Tasmanian has arrived from the West Indies
with 880,000/. in specie.

At a meeting to-day of the creditors of Messrs.
T. Ralli, Sons, and Co., the liabilities were estimated
at 74,7861., and the assets at 98,6461. It was
resolved to adjourn, and meanwhile the assets
are to be realised. It was mentioned that the
Bank of France are disposed to sot with indul-
gence as regards the Greek houses.
About 105,009/. in gold--.viz., 93,000/. Aus-
tralian and 11,0001. French coin—was taken to the
Bank yesterday. Supplies of French gold coin are
attracted by an advance of 11. per ounce in the
price given by the Bank:

At Vienna, on Saturday, there wan an improve-
ment off per cent. in the Five per Cent. Metal-
lives ; and the euhange on London fell from
140.50 to 139.50.

The letters from Shanghai mention that silver
was being remitted from that port to India. This
may check the shipments of silver from England to
In
The Liverpool cotton market yesterday was firm,
with sales to the extent of 10,000 bales.
Yesterday was the last day for receiving tenders for
the 25,0001. of Cape of Good Hope Government
Six per Cent. Debentures, but the result is not
yet known.
The report of the directors of the London Char-
tered Bank of Australia, to be presented at the
meeting on the 7th of June, describes the opera-
tions of the last year as satisfactory, no losses of
any importance having been sustained. The ac-
counts, extending to the 31st Dec., show that, after
the usual deductions, and after making allowance
for bad and doubtful debts to the full amount re-
commended by the inspector, there remains
to the credit of profit and low a sum
of 43,8481. Out of this the directors
recommend that a half-yearly dividend of 312 per
cent. be declared, free of income tax ; that 10,0001.
be placed to the reserve fund, which will then
amount to 45,000/. ; that 1,500/. be placed to the
colonial building fund ; and that the balance,
amounting to 7,8481., be carried to the next so.
count. The latest letters from the colony are
favourable.

A special general meeting of the South Eastern
Railway Company is called for the 12th of June, to
approve a. bill now before parliament for enabling
the company to make an improved communication
with the harbour at Folkestone. The meeting will
also be required to authorise the directors to raise
further capital in connexion with the Charing-
cross Railway.
A special general meeting of the Brighton Rail-
way Company is convened for the 10th June, to
approve two bills now before parliament, one of
which is for increasing the capital of the Went
London Extension Railway, whilst the second
authorises the Brighton Company to make a rail-
way iu the pariah of Eastergate, in Sussex.
The twelfth ordinary general meeting of the
Crystal Palace Company is called for the 11th
June.

A general meeting of the Commercial Dock.
Company is to be held on the 14th June, to declare
a dividend.

The half-yearly meeting of the Imperial Conti-
nental Gas Association is called for the 29th Mat.,
when a dividend will be declared.

Au extraordinary meeting of the London Dia-
count Company was held yesterday, to consider the
following resolution, which expresses the under-
standing originally arrived at :
That an amount equal to one year's salary to all the
officers of the company be reserved, to be &spread of by •
subsequent meeting of shareholders, having regard to the
compensation of such officers for tbo loss of their situations,
in addition to what they may be strictly entitled to under
their engagementa.

Upon the ground, however, that the manager and
sub-manager have already received one year's
salary, being the amount strictly due to them,
under the terms of their agreement with the com-
pany, which provided that they should receive one
year's notice previous to the termination of their
engagements,
.a resolution couched in the more par-
trimotnowt spirit was adopted ; the defunct com-
pany's officers will therefore receive their strict due
and nothing more.
The Brighton Railway traffic return shows this
wt.* a decrease of 1,9781., the return for the cor-
r din; week of last year including the traffic
oEfTnpsoni razes ; and the South Eastern an in-
crease of 1,748/.

With reference to the affairs of the Submarine
Telegraph Company, Mr. J. W. Brett has issued a
" Reply" to Mr. Ruyieenatra, and to Sir Charles
Bright, mmiteer of the Magnetic Telegraph Com-
pany.
We are informed that the directors of the China
and Japan Steam Navigation Company have
already felt themselves in a position to issue letters
inviting tenders for the construction of steam ves-
sels from some of the principal shipbuilders in.
London, Glasgow, and other ports. One vessel in
an advanced stage of construction has already been
offered to the company on favourable terse.
Messrs. Baring Brothers and Co. announce the
half-yearly dividend on the Russian Four-aud-a-
Half per Cent. Loan of 1860.
The stivices from Calcutta mention that on the
17th April electric telegraphic conisranication was
established between that port end Rangoon.
The Monaca and Spray of the Occau have ar-
rived from China with 1,537,0001b5. of tea.

MOSDAY ESIVIWO.
Consols, which closed on Saturday at 911 to
fur the 6th of June, opened and elegiad to-day at
the mine quotation. For money the hest price was
9111, "buyers." The official business report is as
follows :—Three per Cent. Consols, for money,
5
911, I, 1, ; ditto, for account (June 6), 911, ;
Three perd Cents. Reduced, 80/ • New Three per
Ceuta, 201, ; India Stock, 228 ; ditto Fire per
Cent. Stock, loliJ, J, I ; ditto, fur account, 1011 ;
ditto Four per Cent. Deentures, 1858, 96, ; Five
per Cent. aniseed " rupee paper, 94; ditto Five-
and-a-Half per Cent., 100.
The ludiau Five per Cent. Stock was quoted
100 k to / • the Five per Cent. rupee paper, 93/ to
94 ; the 'Five-and-a-Half per Cent., 99/ to 100
the March Exchequer Bills, ss. to is. dis. ; and the
June or "advertised," 2s. dis. to It. prem.
In the foreign stock market there was little
business, and prices consequently showed rather a
drooping tendency.
Bank shares to-day were steady ; Agra Bank
were quoted rather better. In the mieeellatioons
share market scarcely any change occurred. Great
Sbip shame are quoted 6e. to 6n. 6d.
Unity Bank shares were marked to-day 11 and
11/ (ail. paid).