The Express.
London, England, 1861-04-01 00:00:00

MONEY MARKET.-(THIS DAL)

Two o'OLocw.

This being the day fixed fur the grand Volunteer
Review, the Stock Exchange is closed, and we are
consequently unable to make our usual report.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened at
67fr. 85c., being per cent better than on Saturday.
The Lightning has arrived from Melbourne with
115,0001. in gold, and the Monarch with 90,000/.
The movements in specie and bullion on Saturday
are of a favourable character. The Persia took on
Saturday only 50,917/. in specie for New York.
About 100,0001. in gold, chiefly continental, was sent
into the Bank. The Tasmanian has arrived from the
West Indies with about 355,0001. in specie (chiefly
silver), and the Result, from Melbourne, with
117,000/. in gold. The whole of the latter will go
into the Bank.
The Board of Trade returns for the month of
February show that trade is at last yielding
to the many adverse influences now in opera-
tion. The total exports of home produce and
manufactures for the month were only 8,373,7181.,
being 21 per cent, less than last year, and 12 per
cent. less than iu 1859. Those fur the first two
months of the present year have been 16,718,4191.,
being 16 per cent. less than last year, and 12 per
cent. lees than in 1859. The decline extends to
nearly all the great staples of manufacture.
Meanwhile the imports and consumption of
foreign commodities, particularly bread-stuffs,
continue upon an extraordinarily active scale.
The consumption of foreign wheat for the
two months has been 714,967 quarters against
153,087 in 1860, and 226,239 in 1859 ; and that of
flour, 690,265 cwts. against 125,263 last year, and
246,966 in 1859.
_ _ _

The amount of Australian gold known to be still
at seals 467,0001. The Monarch, with 90,0001.,
has been out 102 days ; Kooria Mooria, with
40,002/., 88 days ; the Calliance, with 126,0001.,
81 days • the Lightning, with 115,0001., 80 days ;
and the Southampton, with 88,000/, 70 days.
The suspension of Mews. J. G. Eehrends and
Co., East India merchants, of London, has caused
the stoppage at Manchester of Mr. S. J. Halle,
merchant, and of Mr. Leopold Samson, described
as a buying agent. The liabilities of the former
are stated at 15,0001. to 20,0001., and of the latter
at 25,0001. to 30,0001.

We understand that Messrs. Cuppa Brothers and
Co., Greek merchants, whose suspension has just
been announced, propose to resume payment on
Monday. A noLification to this effect has been given
to the billholders. The receipt of telegrams from
their friends in Constantinople, advising remittances
on the way hither, is the principal cause of this de-
termination.

The president and directors of the Great Western
Railway of Canada have issued a lengthy " Reply"
to the report of the Committee of Investigation.
Mr. George Wythes, the contractor, endeavours
to exonerate Mr. Laing, and the directors concur
strongly in the view that Mr. Laing is exculpated.
A special general meeting of the Charing-cross
Railway Company is called for the 10th of April,
to approve the bill now before parliament, which
authorises the company to make a railway from
their line into the City of London, with an a Idi-
tional line in Southwark, and to raise additional
capital.
The half-yearly meeting of the Sambre and
Meuse Railway Company is called for the 17th of
April, in London, and that of the West Flanders
Railway Company for the 19th of April, also in
London.
The traffic on the 748 miles of the South Aus-
trian line of the Lombardo-Venetian Railway
Company for the week ending March 18 was 38,7671.,
being 8,3601. more than in the corresponding week
of 1860 on 687 miles ; and that on the Lombardo-
Venetian line 4,5451, showing an increase of 1,0441.
Vice-Chancellor Stuart proposes on the Bth of
April to make • call of 401. per share on the con-
tnbutories of the Hereford and Merthyr Tydvil
Junction Railway Company.
An official manager of the British Provident Life
and Fire Assurance Society is to be appointed by
Viec-Chancellor Kindersley on the 10th of April.
The arrangements are notified in connexion with
the payment of the half-yearly guaranteed interest
on Cape Town Railway shares.
In the course of an article illustrating the
capital and revenue statistics of the Loudon and
North Western and (heat Western Railways for
the last sixteen years, the Money Market Review
furnishes the annexed figures, which show to how
small an extent the holders of unguaranteed rail-
way stock are benefited by the wonderful progress
of traffic :
LONDON AND NORTH WENTERN RAILWAY.
Dec. 31, 1854.—Total capital, 32,774,552/. ; total revenue
for the belf-year, 1,573,9451. • amount for dividend on un.
guaranteed capital, 628,8021. ; dividend per cent. per
ammo, 5.
Dee. 31, 1856.—Total capital, 33,617,5341 ; total revenue
fur the half-year, 1,740,745/. ; amount for dividend on un-
guaranteed capital, 687,6661. ; dividend per cent. per
annum,
Dee. 31, 1860.—Total capital, 36,408,434/. ; total revenue
for the half-year, 2,312,210/. ; amount for dividend on an-
guaranteed capital, 691,5051. ; dividend per cent. per
annum, 51,.
With reference to the tea and sugar duties, the
circular of Messrs. Travers mid Sons has the fol-
lowing
The sum collected from the extravagant taxes on these
articles was as stated in our Circular of the 2nd inst. (for
1860), on tea, 5,444,1571. ; on sugar and molasses, 6,094,073/.;
and enormous as the amount is, there seems no hops deny
material reduction until greater economy is effected in the
public expenditure, and that economy cannot be effected
whilst war expenses in time of peaceare sanctioned by public
opinion. The grocers ere deeply interested in this question,
for whilst the large majority of them have for years been ,
selliin sugar, the principal article in which they deal, at a '
lose, it has been taxed to the extent of 30 per cent. ; and a
reduction in this tax would enable them to derive • fair
profit. Tea is taxed 100 per cent., and the consumption is
not only limited b 7 this beery duty, but also by the extra
profit the retailer n forced to place upon this article to re-
pay him for the loss be sustain on his sugar. Of the en-
tire revenue of the country more than one.fourth is col-
lected by the grocery trade, and of the customs revenue,
18,000,000/. out of 23,000,0001. are derived from articles
sold by grocers, who credit the public and take risk of col-
lection to this amount.

SATURDAY EVINING.

Consols, which closed on Thursday at 911 to 1
for the 10th of April, opened this morning at
91/ to i, and closed at 911, "buyers." For money
the last price was 91i to R. After the close of
the Stock Exchange the market was again flatter,
stock being offered at 911
.for the account. The
official business report is as follows :—Three
per Cent. Consols, for money, 911, f ; ditto
for account (April 10), 911, ; India Siock 222 ;
Five per Cent. Stock, 100 k ; Five-and-a-Half per
Cent. enfaoed" rupee paper, 100.
The Five per Cent. rupee paper was quoted
94 to 94 •, the Five•and-a-Half per Cent., 99k to
100 ; and Exchequer Bills, 13s. to Bs. dis.
The foreign stock market was quiet.
The shares of the Bank of Australasia were in-
quired for to-day. Oriental Bank were flatter.
In the miscellaneous share market no alteration
occurred. Great Ship shares were quoted 56. 6d.
to 6s.

The closing quotations for shares in new under-
takings to-day were as follows :—Ocean Marine In-
surance, 21 to si prem. ; Thames and Mersey
Marine, 1 to 1 prem. ; Universal Marine Insurance,
ii to 14 rem. ; London and Provincial Marine
par to A prom. ; East India Irrigation, 4 to f
dia. ; East India and London Shipping, 4 dis. to
prem. ; and Central American Piers, 4 to 1 prem.
The Rhein) has arrived from China with 510,00011 m
of tea. _

The Emigration Commissioners invite tenders
for the conveyance of liberated Africans from Sierra
Leone to Jamaica.

RAILWAYS.-(THIS DAY)

Two o'Ctoci.
The Stock Ezehaoge is closed to-day.

CRYSTAL PALLCIL HALT-A-DROiWN DAY.
liatvanat, WWII 30.—Admimione on payment, 1,383
ditto by season tiekate, 2,227; toil. 3.610.

MINES.-(THIS DAY)

Two o'Cuwc.

The Stock Exchange is abut to-day, and many of
the principal members of the mining market axe
also absent from the City.
The commissioner of the United Mexican Mining
Association, in his letters received on Saturday,
states that he proposes sending by the first couducta
30,000 dohs. or more, being enough to pay the
arrears of interest awl 23 per cent. of the capital of
the debt. The aspect of the mine is described as
very favourable, especially as regards San Maria.
We notice that the concessions of the silver and
lead mines of the Chalanches Mining Company
are advertised to be sold by auction on the let of
June.

The Wheal Wrev Consols accounts, presented at tbe
meeting on the 27th Marsh, showed a debit balance of
1,463/. 17a. ld. A all of 7s. 6d. per share was made.
Wheal Wrey C-onsols sold, ou the 25th of March, 62 toss
of lead ore, at 10/. 7s. 6d. per ton, and 21 tope, at 71. par top.
The Westminster Mine sold, on the 28th March, 100 tem
of lead ore, at 12/. lls. per ton.
With ifeteuce to East Caen Brea Mine, the weekly
mining circular of Messrs. Webb and Geach has the fel-
lowiog :—" The 40 east on middle lode is worth 141. per
fathom ; the 26 is worth 141. per fathom ; they have inter-
meted the lode in the 40 crosscut, producing good stones of
ore, with a very promising appearance."
The following mining dividends Lave been declared during
the month of March :
Mines. Per share. Amount.
' Devon Great Consols £7 0 £7,168 0 0
West Basset
East Barret
South Cando°
' West Condon 210
Marks Valk y 0 5
Par Consols 0 5
East Caradou 0 5
Great Wheal Tor ..... .... 0 5
Bedford United
South Wheal Frances ... 1 10
Cwmystwitk
Mount Pleamet 1 0
Funk Mills
South Tolgue 1 0
Wheal Buller
Waft! Mary Ann 0 10
Spearne Moor 1 10
Orsed 1 0 0 ...... 184 0 0
Linares
Taal 635,300 0 0