The Express.
London, England, 1861-02-06 00:00:00

MONEY MARKE2.-(THIS DAL)

Two o'CLoow.

The funds remain dull. At one period a fresh
decline of 1 per cent. was shown, but the
present quotations are equal to thew current
at four o'clock yesterday. The arrangement
of the account has formed the chief
business. British railway stocks have declined,
owing to the disappointment occasioned by some of
the dividends just announced.
At Paris this morning, wording to Mr. Reuter's
telegram, the Three per Cent. Rentes were quoted
68fr., being rather more than 1 per cent. better
than yesterday.
Consols are officially marked 911, #, and for
money, and 911 and 911 for the present ac-
count. The present quotations are 911 to
for money and to-morrow, and 92 1-16 to 3-16 for
the 7th March. The official business report is as fol-
lows :—Bank Stock, 231, 232/ ; Three per Cents. Re-
duced, 911,1; New Three per Cents., 911,1; Thirty
Years Annuities, expiring in April, 1885, 161 ;
India Stock 2181; ditto Five per Cent.
Stock, 391, 99, f; Five per Cent. " enlaced" rupee
paper, 941, ; ditto Five-and-a-Half per Cents., 991,
1001 ; Exchequer Bills, 3e., 68., die.
The foreign stock market is quiet. Mexican
Bonds continue to droop. The Turkish Loan of 1854
is dull, at 70/ to 1 ; and that of 1858,
lat 561 to 1. Sales are recorded as follows:
Brazilian Four-and-a-Half per Cents., 1860,
851 ; Buenos Ayres Six per Cents., for account,
931 ; Dutch Four per Cent. Certificates,
1001 ; Mexican Three per Cents., for account,
231 ; Sardinian Five per Cents, for account,
81f ; Spanish Three per Cents. for account,
472 ; ditto New Deferred Three per Cents.
for account, 401 ; ditto Passive, 171 ; Turkish Six
per Cents., 1858, for account, 561, 1 ; ditto
Guaranteed Four per Cents., 1001, ex div.
The Indian Five per Cent stook was yes-
terday marked 991 and 991 for money. It
is probable that at the bidding on Friday
many persons desirous of a permanent in-
vestment will offer a fraction over 99 per
cent. Many speculators, however, who do not
care to take part in the operation unless with an
assured prospect of profit, will probably bid only a
fraction over 98. The contingency of the govern
meat creating privately a large amount of addi-
tional stock of precisely the same kind by the con-
version of other Indian securities, is to be taken
into account. It is not as if no addition would be
made to the amount of the stock until the Indian
Secretary is in need of a fresh loan. There may be
a constant supply, from week to week,
to pay off old claims, for aught that
the public will know. As government offer
5 per cent. discount on payments in anticipa-
tion of the instalments, it is believed that a large
proportion of the loan will be paid up almost im-
mediately. The discount allowed is equivalent to
about 1 per cent. in favour of the subscriber. The
precision with which the prospectus of the loan has
been framed receives commendation.

At Vienna the exchange continues to move in
favour of Austria. It has now fallen to 150.

Some attention is directed to the delay in the
transmission of the balance of the funds required
for the dividend duo the Ist proximo on the Turkish
Loan of 1858, but it probably admits of expla-
nation.

The bar silver by the Mexican packet was sold yes-
terday for India at ss. lid. per ounce, showing no
change. The Mexican dollars have not yet been
disposed of.
In the foreign exchanges yesterday afternoon the
only feature was a decline in the rates for bills on
Vienna and St. Petersburg. Subjoined is our
usual list:

Amsterdam, 3 months, ILI% to 19 ; ditto 3 days, 11.161
to 11 ; Rotterdam, 3 moot, 11.181 to 19 ; Antwerp,
3 months, 15.45 to 50 ; Hamburg, ma. banoo, 3 mouths,
13.71 to 1 ; Paris, 3 days' sight, 25.20 to 5 ; ditto
3 months, 25.55 to 60 ; Fiankfort-on-the-Maine, 3
months, 1181 to 1 ; Petersburg (per rouble), 3 menthe,
331 to 34 ; Vienna, eft. flu., 3 months, 15.55 to 65;
Trteste, ditto, 3 months, 15.55 to 65 ; Madrid, 3 months,
481 to ; Cala, 3 months, 481 to 49 ; Leghorn, 3 months,
25,80 to 90 ; Genoa, 3 mouths, 25.721 to 71 ; Milan, 3
mouthy 25.721 to 71 • Naples, 3 months, 3911 to I ;
Palermo, 3 months, 118 to 1 ; Messina, 3 month; 118 to
1; Lisboa, 90 days, 52f to 1; Oporto, 90 days, 521 to 53.
It would appear from the latent telegrams, which
bring one day's later news from New York than
that published yesterday morning, that in that one
day Illinois Central Railway shares fell no less than
6 per cent., owing to the arrival out of the Arago,
with news of the rise in the Bank of England rate
of discount to 7 per cent. The last price at New
York was 80i for Illinois shares, and Fti for New
York and Erie. Great dissatisfaction is felt here
at the unfair nature of the telegraphic arrange-
ments between London and Queenstown, the effect
of which is that priority of information is almost
invariably reserved to individuals.
Owing to the interest excited by the report that
it is in contemplation to make a modification of the
arrangements subsisting between the government
and the Bank with regard to the management of
the public debt, the attendance at the meeting of
holders of Bank stock to-morrow is expected to
be unusually large. An a rule, the number of pro-
prietors present at the ordinary courts is ncanty,the
proceedings being of little more than a formal
character.

The Liverpool cotton market yesterday was dull
and heavy. The sales were limited to 3,000 bales.
Messrs. Letlgard and Sous, bankers, of Poole
and of Ringwood (Dorset), have stopped payment.
This is an old established and very respectable
though small firm, and the event has occasioned a
good deal of surprise. It is a bank of issue, and
the amount of its fixed circulation is 11,856' /.
There does not appear to have been any immediate
want of funds, as there is sonic amount in band in
London. The London agents are Messrs. Rogers,
Olding, and Co., who are fully covered. The
cause of the stoppage is conjectured in some
quarters to arise from too large advances having
been made to shipping or other firms. A favour-
able impression prevails as present with regard to
the probable result of the liquidation, but the
amount of the liabilities has not transpired.
Advioes from Havannah mention the stoppage of
Messrs. Sthamer and Co., a house of high standing,
with liabilities reported to be enormously large, of
which about 80,000/. is understood to be in con-
nexion with houses in England. The failure has
arisen through heavy losses on sugar. In addition
to exporting sugar, Messrs. Sthamer and Co. im-
ported manufactured goods from Europe.
The liabilities of Messrs. Artin Pascal and Co.,
Greek merchants, who stopped payment on Satur-
day, amount to about 35,000/. The accountants
employed are Messrs. Harding, Pullein, and Co.
There is a rumour that the result of the opera-
tions of the Liverpool branch of the Thames and
Mersey Marine Insurance Company is that the
premiums received have been more than swallowed
up in losses. From the satisfactory position of
the shares in the market it is presumed that the
result of the company's operations through the
London and Manchester boards must have been
lunch more favourable.

At the first general meeting yesterday of the
Ocean Marine Insurance Company a dividend of
5 per cent. was declared, FLY recommended in the
directors' report, which was adopted.
The following notice has been issued by the
Oriental Bank :
The Oriental Bank Corporation have the satisfaction to
announce to their constituents that tLe proceedings they
have taken in the matter of deduction of English income
tax from drafts issued on the presidencies for interest on
Indian government paper have resulted in the abandonment
by the Commissioners of Inland Revenue of all claim to
such deduction. The commissioners further intimate their
readiness to return any duty which has been deducted in
respect of such bills and paid over to the revenue. The
corporation will be happy to afford facilities to their con-
stituents in recovering the tax wrongfully charged upon
receiving the necessary particulars and authority.

Tossomr Etna.

Consols which closed yesterday iTt7Tilf io 92 fur
money and next Thursday's settlement, opened
this morning at the same quotation, and closed
at 911 to 4. For the new account (7th March)
the last price was 92k to 1. The official business
report is as follows :—Three per Cent. Consols,
for money, 914', 92, 911, 1 ; ditto for account
(Feb. 7), 92, 91i, t; Three per Cents. Reduced,
911, 92, 911, 92, 914 ; New Three per Cents., 92,
914, 3 ; Thirty Years Annuities, expiring in April,
1885, 16 3.16, 1 ; Bank Stock, 233 ; India Five
per Cent. stock, 99k, e ; ditto Four per Cent.
Debentures, 1868, 96, 1.
The Five per Ceut. Rupee paper was quoted 931
to 94k ; the Five-and-a-Ralf per Cent., 94 to
100 k ; and Exchequer Bills, 7s. to 3s. dis.
Mexican Bonds have declined this afternoon to
231 to k. Turkish remain very dull ; the Luau of
1804 left off at 701 to 1, and that of 1858 at 661 to
f. Other foreign stocks were quiet.
In the market for bank shares there was an im-
provement in English, Scottish, and Australian
Chartered, and a slight decline in Union Bank of
London. Red Sea Telegraph were steady. Royal
Mail Steam were quoted about V. higher than
yesterday.
A rise of 6s. took place to-day in Cape Town
Railway shares.
Transactions have taken place in the shares of
Pricer; Patent Candle Company, at 14.
The closingiquotations for thar -a in new under-
takings to-day were as follow :—Ocean Marine In-
surance, 33 to 1, prem. ; Thames and Mersey
Marine, 1 3-16 to 6-16 prem. ; Universal Marine In-
surance, 1 6-16 to 7-16 prem.; London and Provin-
cial Marine, par to 1 prem. ; East India Irri-
gation, 5-16 to 3-16 dis. ; East India and London
Shipping, Ito 2 prem. ; and India Cotton, Ito
Prow.

-------
MINES-{THIS DAY.)

Two o'CLoow.

In the mining market to-day attention has been
chiefly directed to shares in Providence, Stray
Park, East Caraden, South Td us, Rcuewarni
United, Alfred Consols, St. Ivea Consols, and
Wheal Crebor. In the Stock Exchange East
Car:idon shares are officially marked 114
and lig ; and East Wheal Russell, 7}
7i. The market generally presents little feature of
interest.

In foreign and colonial mining shares there is no
alteration whatever.

The following are reported to us from the Stock
Exchange as hurt evening's closing prices :
Alfred Consols, 3, to j ; Minborne Veen, 3j to j ; Cook's
Kitchell, 18 to 20; East Bisset, 110 to 12j x. d. ; Emit
Caradou, 11', to 4 ; East Care Brea, 74 to j ; East Russell,
61 to 71 ; Great Wheal Fortune, 10 to 11 ; Herodsfoot, 33
to 34 ; Marko Valley, 41 to j ; North Roakear, 7d to
4 ; Providence Mra.ts, 44 to 45 ; South Caradon, 300 to 5,
es div. ; South Frances, 180 to 5 ; South Tolgus, 50 to 24 ;
Silver Vein, j to 4 pm. ; $O. Ives Consols. 424 to 31; Stray
Park, 37 tot ; West Caradou, 78 to 9 ; West Rose Down,
4to 4 ; We.t Seton, 343 to 56; West Stray Park, 4to 6 ;
Wheel Buller, 1:1'114 to 6; Wheal Cupid, 18s. to 20s. ;
Wheal Kitty (Lelasit), 12j to 131 : Wheal Ludcott, 3j to
j ; Wheal Margaret, 54 to 6; Wheal &too, teal to 74 ;
Wheal Unity, Ira. to 10s.
The annual meeting of the Clarendon Mining
Company of Jamaica is convened for the 22nd
instant.