The Express.
London, England, 1861-10-29 00:00:00

Bur:

oaDIMAILY SLUM AND Mei&

MONEY MARKET.-(THIS DAY)

Two t/Ciocc.

The funds to-day are weaker. A fall of I per
cent. has taken place. Some attention is directed to
the fall on the Paris Bourse. Preparations for
Thursday's settlement in the railway share market
have commenced. Lancashire and Yorkshire
Railway stock has advanced, other descriptions ro-
making quiet.

At Paris this morning, according to Mr•
Reuter's telegram, the Three per Cent. Rentes
opened at 67fr. 75c., being about }. per cent.
lower than yesterday. _ _

Consols are officially marked 931, 1, 921, and
931, for money, and 93/, 4, and 93 for the ac-
count. The present quotation is 921 to
93 both for money and the 7th November.
The official business report is as follows :
Bank Stock, 231, 229 ; Three per Cents. Reduced,
4 ; India Five per Cent. Stock, 1051,
4,4, 105 ; ditto for account, 105; ditto Bonds,
125., 14s. prem. ; Five per Cent. " enfaced" rupee
paper, 981; ditto Five-and-a-Half per Cent., 106,
1041 ; Exchequer Bills, March, 7s. prem. ; ditto
small, ss. prem. ; ditto June, 125., •15s. prem. ;
ditto small, 125., 153. prem.

With the exception of a rise in Mexican Bonds,
which have been dealt in from 261 to 261, there
is no variation of importance in foreign stocks.
Turkish are dull ; the Loan of 1854 is quoted
80 to A, and that of 1858, 68 to A. Sales are re-
corded as follows :—Brazilian Four-and-a-Half per
Cents., 1860, 911; Italian Five per Cents., 671 (ex-
change, 25fr.) ; ditto Scrip, 691; Mexican Three per
Cents., 261, I, 1, I; Portuguese Three per
Cents., 1853, 47 ; ditto Three per, Cents., 1856,
1857, 1859, and 1800, 471; Russian Four-and-a-
Half per Cents., 1860, 93 ; ditto Three per Cents.,
1859, 61A, 1; Spanish New Deferred Three per
Cents., for account, 411; ditto Passive, 161 ; the
Committee's Certificates, 51, 1 ; Turkish Six per
Cents., 1854, 80, 79/ ; ditto Six per Cents., 1858,
681.

The supply of money in commercial channels con-
tinues far in excess of the demand. The market
yesterday wee extremely easy. Good bills were taken
at 2,i to 21 per cent. Some of the Lombard-street
establishments, in consequence of the difficulty of
employing their large balances, now refuse to take
money "at call," but require it to be fixed for a
definite period. Tho applications at the Bank of
England were very scanty.

In the Stock Exchange there is still little employ-
ment for money, and the rate for loans on govern-
ment securities is only about If per cent.
Another failure is reported in the hop trade.
The wheat market yesterday was fiat, and sales
could not have been pressed without causing a re-
duction of Is. to 2s. per qr. on last Monday's
prices.
The Liverpool cotton market yesterday was firm,
though lees active. The transactions comprised
12000 bales.
The South Eastern Railway traffic return shows
this week a decrease of 1,676/. ; and the Brighton,
a decrease of 2741.

With regard to the Telegraph to India Company,
the following official communication to the Stock
Exchange has been posted up in that establishment.
The decision of the old company's shareholders on
the sth November will necessarily regulate the pro-
ceedings of the new company, and they will pro-
bably be glad of the opportunity of securing the
final settlement of this long vexed question by the
satisfactory process proposed of placing them upon
the consolidated fund of the country with dividends
paid regularly at the Bauk of England. Mean-
while, the directors of the new company have acted
rightly in deferring the allotment until after the
meeting. It would appear that the terms pro-
posed by the government can scarcely be objected
to with the recent explanation on the only doubtful
points. It is exceedingly desirable that there
should be a cordial co-operation by all the parties
interested.

(Copy)
The Telegraph to India Company (Limited),
1,2, lloorgate-street, Oct. Sl, 1561.
Deer Sir,—l mu desired to inform you that u the formal
ecoeptence of the government proposals by the shareholders
of the Rol Sea and Judie Telegraph (or old) Company must
precede any active operations ou the part of the Telegraph
to India (or new► Company, it has been resolved not to pro-
ceed with the ►llotment of shares in the letter until after
the decision of the meeting of the Red Sea and India Tele-
graph Company, which is conveesd for Tuesday, the sth of
Nov., at 1 o'clock, at the London Tavern, shall have heed
ascertained.

In the event of the government proposals not being
accepted, the deposits on shares in the new company will be
returned in fun.-1 remain, &c.,
(Signed) C. L. PEEL, Secret.u7.
Mihill Slaughter. Esq.
The 22nd report of the directors ;of the Ceylon
Railway Company, to be submitted at the meeting
on the 30th inst., is very brief. It states simply
that

According to the agreement for annulling the contrast
with the government of Ceylon, entered into on the 19th
August last, the capital was duly repaid on the 21st August
with interest to that date. The greater portion of the
money has been returned to the proprietors, and the re-
mainder is in course of distribution. Application will be
made to parliament next session for an act to dissolve the
Company ; until that is obtained the existing legal constitu-
tion of the Company must be maintained.

The Stock Exchange Committee have appointed
Monday, the 4th November, a special settling day
in the shares of the following companies, viz. :—.
Commercial Union Assurance, and Bahia Steam
Navigation (Limited) ; both of which are to be
officially quoted.
We have received a sheet allowing the public in-
come and expenditure for the year ended the 31st
March last, issued by the Financial Reform Aim-
elation of Liverpool, and prepared by Mr. Henry.
Lloyd Morgan, accountant, of London. It gives
at a glance a connected statement of the way in
which the public money comes and how it goes.

MOXDAT Evaimro.

Consols, which closed on Saturday at—'J3 to
for money and the 7th Nov., opened this morn-
ing at the same quotation, and closed at 934 to 1.
The official business report is as follows :—Three
per Ceut. Consols, for money, 93, }, 4 ; ditto
for account (Nov. 7), 931, 1, ; Three per
Cent. Reduced, 911, 4, ; New Three per
Ceuta., 914, 4,4, f, ; India Five per Cent.
stock, 1031, 1041, 1064, 1, ; ditto for account,
1041, 1051, 10:1 ; ditto scrip, 105 ; ditto Four
per Cent. Debentures, 1863, 984 ; ditto 1864,
1184 ; ditto Bonds, 14s, prem. ; our per Cent.
enfaced" rupee paper, 82, 81} ; ditto Five per
Cent., 98, 97,5, ; ditto Five-and-a-Ralf per Cent.,
105, 1044.
The India Five per Cents, were again in active
demand, and rose }to per cent., closing at 1064
to
The rupee paper was firm, at the late rise, with
very large transactions. The Five per Cent. closed
at 971 to 981, and the Five-and-a-Half per Cent.
at 1044 to 1051.
The larch Exchequer Bills were quoted Us. to
Bs. prem., being again ls. higher, and the June 128.
to 158. prem. There were some purchases of India
Bonds at 14s. prem.
The foreign stock market remains liiiiet.
Unity Bauk shares were officially marked 20 and
201 (601. paid), and Royal Danish Railway, 14 (201.
d
p The cloning quotations for shares in new under-
takings to-day were as follows :—Octsu Marine
Insurance, 4} to 4 prem. ; Thames and Mer-
sey Marine, 14 to 11 prom. ; Universal Marine In-
surance, 1 7-10 tot 5-10 dis. ; London and Provincial
Marine, 4to dig. ; Commercial Union Fire,
di. to par ; Mercantile Fire }to prem. ;
Oriental and Geueral Marine, to } prcm. ;
Loudou and Lancashire Fire Insurance, to
prem. ; Telegraph to India, par to 4 prem. ; and
Roodee Iron Shipbuilding, par to } prem.
Canada Government Five per Cents. were in
better demand, and improved per cent. victoria
'Goverment Debentures were steady.