The Express.
London, England, 1861-10-21 00:00:00

MONEY MARKET.-(THIS DAY.)

two o'CLoci.

The funds this morning have shown firmness, but
are now rather dull. After advancing 1-16 to
per cent., Consols have returned to the closing
quotations of Saturday. English railway stocks,
in some instances, are fiat, particularly
London and NortE-Wcstern, which has fallen
per cent. The only other feature of interest is a
fall in Turkish Bonds.

At Paris this morning, according to Mr.
Renter's telegram, the Three per Cent. Reines
opened at 68fr. 15c., being rather more than per
cent. better than on Saturday.

Consols are officially marked 921 and t for
money, and 921 and 1 for the account. The
present quotation is 92t to 1, both for moneyandthe
7th Nov. The official business report is as follows :
Bank Stock, 231, 233 ; Three per Cents. Reduced,
903, I, ; New Three per Cents., 904, 4,1, I ;
Thirty Years' Annuities, 1885, 16 9-16 ; India
Stock, 2221, 224 ; ditto Five per Cent. Stock.
1041, 1 ; ditto for account, 1041, ; ditto
scrip, 104/ ; ditto Four per Cent. Deben-
tures, 1804, 981 ; ditto, 1869, 98 ; Five per
Cent. " enfaced" rupee paper, 961 ; ditto Five-and-
a-Half per Cent., 1034, ; Exchequer Bills, March,
4s. prem. ; ditto June, 7s. prem.
The foreign stock market is quiet. There is a
fall of about 3 per cent. iu Turkish stocks, the loan
of 1854 being quoted 801 to 4, ex div., and that
of 1858 at 681 to 4. There are inquiries for the
Spanish Coupon Certificates, which have been dealt
in at 51 to 6 ; Mexican Bonds are marked 261,
being firm. Sales are recorded as follows :
Brazilian Four-and-a-Half per Cents., 1860, 911 ;
Cuba Seven per Cents. 101 ; Chilian Four-and-a.
Half per Cents., 831; Equador New Consolidated,
15/ ; Italian Five per Cents., 681, 69 (exch. 25fr.) ;
Mexican Three per Cents., for account, 261 ; Sar-
dinian Five per Cents., 811 ; Spanish Three per
Cents., for account, 50 ; the Committee's Certifi-
cates, 54, 6; Turkish Six per Cents., 1864, for ea
count, 801, I, ex div. ; ditto Six per Cents., 1854
for account, 68, t.

The Liverpool cotton market on Saturday was
firm at the late important rise. The sales amountul
to 20,000 bales.
The prospectus is issued of the company which is
formed to push to a practical conclusion the work
experimentally and hitherto unsuccessfully carried
on by the Red Sea and India Telegraph Company.
The title of the new project is The
Telegraph to ludia Compau) (Limited)." Thu
capital is only 100,0001., in shares of 2f.
each, but power is taken to increase it to
200,0001. The board includes several of the names
comprised in the direction of the old company. The
terms on which government have agreed to transfer
the lines, stations, and property of the old under-
taking to the new company are very liberal, Hues-
much as the new proprietary are to be anti-
,' tied to the entire profits until they shall have
received a clear dividend of 25 per cent. per annum.
In the event of the failure of the company to restore
or maintain the line in working order, the govern-
ment are to have the power of taking it into their
hands again ou repaying the capital actually ex-
pended by the new company. The arrangement
presupposes the concurrence of the shareholders of
the old company iu the terms proposed to them by
her Majesty's government. An estimate has been
made by Messrs. Bright and Clark of the cost of
repairing the line between Aden and Kurrachee,
which they consider can be effected for a sum not
excee ling 50,000/. The venture is small, while, as
the prospectus points out, the returns will be on the
scale of au original expenditure of 800,0001. It is
proposed to limit the hrst operations to the repair
of the line between Aden and Kurrachee. Whoa
this is effected the period for sending a message to
all parts of India will be abridged to five days. The
objects proposed are of such high importauce that
it will be matter of public regret if (contrary to
expectation) the capital be not subscribed iustantly.
A special meeting of the Red Sea and India
Telegraph Company is called for the sth Nov., for
the purpose of considering a proposal received by
the board from the Lords Commissioners of the
Treasury for the transfer of the line and property
of the company to her Majesty's government.
The particulars are published of the Peruvian
Three per Cent. Bonds, which were purchased and
cancelled at the counneucemeut of the present
mouth, under the sinking fund.
It is understood that the London, Chatham, and
Dover Railway Company's line will be opened to
tl.e harbour at Dover on the Ist Nov. Alter that
day " through " tickets will be issued between the
Victoria Station and Calais, and shortly after-
wards between the Victoria Station and Paris.

The half-yearly report of the directors of the
Royal Mail Steam Packet Company rowan uieeds the
usual dividend of 21. per slave, free of income tax.
The surplus on the half-year is 34,6941. in excess of
that of June, I€6o. The balance in favour of the
company on the insurance account ii now 181,4541
A special meeting of the Groat Ship Company is
convened for the Bth November, to receive a report
from the directors.

The settlement of the list of contributories of, the
British Exchequer Life Assurance Company is to be
proceeded with before Vice-Chancellor Wood, OR
the 11th November.
The sham certificates of the Commercial Union.
Assurance Company will be ready for delivery to
the registered shareholders on Thursday next.

We are requested to state that the list of appli-
cations for shares in the Metropolitan and Provin-
cial Bank (Limited) will be closed on Tuesday, the
22nd inst.

The receipts on the New York division (50 miles)
and of tho Atlantic and Great Western Railway
for the month of August were 9,320 dollars, and for
September, 13,449 dollars.
With regard to the prospects of trade and con-
sumption, the subjoined is from Messrs. Joseph
Travers and Sous :

Although each mail from Ameriat seems still further to
diminish the possibility of an early Umbria:on of the re-
volutionary war, and the price of cotton contiunes its rapid
advance, the letters from the leading manufacturers and
other traders in Lancashire do not express on the whole any
extreme deepoodoocy with regard to the probable condition
of the operatives throughout the coining winter. A belief
appear,' to prevail. not without fair grounds, that, at the
worst, there will be a sufficient supply of the raw material
to enable employment to be Di:notelets' for one-third time,
and that thus the means of existence, if not of comfort, will
at least be *scored. while thole alto have lima provident
during pastyears of prosperity will be in a condition to psis
through the tenni-miry trial without any serious depri-
vations. The private help that can be afforded in so
wealthy a district will likewise be of great moment, and an
important although indirect mitigation of the difficulty will
be found in the increased activity that is certain to prevail,
and that has already begun to manifest itself in all breaches
of textile industry in connexion with wool, flax, and ever)
material other than cotton. Under these circumstances tt

may be 'stewed, or it last hoped, that the general ability
of our population to purchue the main articles of food and
luxury will not experimice auy diminution that will be of
sufficient importance decidedly to affect the future course
of the various London markets.

The following, from the same source, relates
to the injury reported to have been sustained by
the cotton and other crozlicEgypt :
The news of the severe caused to the Egyptiaa
mops by the sudden rise of the . P. beyond its ordinary
annual point has been received with regret, not only oa
account of the especial value this year of all kinds of grain.
cotton, and other produce, but also because it will add to
the difficulties of the Viceroy in the attempt be has com-
menced to retrieve, by economy and other means, the
finances of the country. Considered in its bearing upon
Manchester, this partial destruction of cotton is of con-
siderable although not of vital importauce. The supply we
have been accustomed to obtain from Egypt has amounted
to about three per cent. of our aggregate impurtatioca.
Last year the arrivals from that country were rather larger
than usual, and were 109,7 A bales, out of 3,169,669 bales
from all parts of th, world. The statements now are that
the losses from the deeds will probably be equal to about
one-third of the crop. Stipposiagthat our receiptsolEgyptisa
are in cowsgoenca diminished onestbini, it will make a
differen,,, of abort 400,000/. It is commonly found, how-
ever, that the tint accounts of ell disasters of this hind
prove to have been exaggerated.