The Express.
London, England, 1861-03-28 00:00:00

The Liverpool cotton market yesterday was quiet,
and .of the advance established since last Friday
only about jtd. is maintained.
The suspension was announced yesterday of Mr.
P. Abraham, West India merchant, of New London-
street, who is unable to meet the unusually heavy
drafts of his principal correspondent in Jamaica.
The liabilities are estimated at about 100,0001, but
they will be covered to the extent of 30,000!. or
40,000/, by special remittances. As regards the
residue of the liabilities, about 60,0001., the liqui-
dation is expected to be very favourable. The
books have been placed in the bands of Messrs.
Quilter and Co.
The market letters from Manchester mention the
failure of Messrs. Dalton Brothers, calico printers,
with liabilities to the amount of about 85,000/.
The Calcutta and China mails will be distributed
in London to-morrow morning.
The subjoined China telegram has reached Lon-
don :—" Shanghae, Feb. 6.—Business is completely
suspended. Grey skirtings are advancing. Silk
is active, but unchanged. Settlements in fort-
night, 3,000 bales ; total exports, 70,000 bales.
Exchange on London declining ; on India 2d.
higher. 'Freight —Tea, 50s. ; silk, 00s. Foo-cboo-
foo. —lmport sales insignificant. Tea advancing.
Canton, Feb. 15.—Shirtings quiet. Tea dull. Ex-
change declining."
The letters from Galata give lamentable accounts
of the desolation which has been caused by the
sudden overflow of the Danube and of the Lake
Bratisch. The loss of property is stated to exceed
175,0001., 15,000 persons have lost their houses and
property, and over 5,000 are dependent on the Galata
Relief Committee for their daily food. We are
glad to notice that the subscription initiated by the
Ottoman Bank is making progress.
The Great Western Railway traffic return shows
this week an increase of 2,326/. •, the Great Nor-
thern an increase of 6721. ; and the London and
South Western an increase of 2.4111.

An adjourned extraordinary meeting of the At-
lantic Royal Mail Steam Navigation Company was
held yesterday, when the directors were authorised
to raise 600,0001 by the issue of preference shares.
It is not proposed to raise the whole at once, but
the directors consider it best to obtain authority
from the shareholders now, rather than to have to
ask them for fresh powers hereafter. Arrange-
ments have already been made for placing at once
a very large proportion of this preference stock.
At the half-yearly meeting yesterday of the
British Gaslight Company, a dividend of 14s. per
share and a bonus of 4s. were declared.

The annual meeting of shareholders in the Anglo-
Mexican Mint Association is called fur the 9th of
April.
Subjoined are the latest quotations of insurance,
gas, dock, and other shares, as given in the last
Stock Exchange list :
Insurance—Atlas, 14 ; Globe, 100 ; Guardian, 511 ; In-
deanntiallarine, 140 ; Law Life, 80 ; Legal and General
Life, ; London and Provincial Marine, Isl, Thames Mrine,
94 ; Marine, 8 ; Rock Life, Bi, ; and
Mersey Marine, 3; Universal Marine, 3.
Gas—Brighton, 22, ex die ,• City of London, New, n,
ex die. ; ditto B, 4, ex die. ; Commercial, 31i ; Imperial,
80j, 90 ; ditto New, 55} ; London, 61 j ; ditto Blue Pre-
' femme, 61f ; United General, 23.
Docks—Lmdon, 53, 54, 62, 53; St. Katherine, 58, 591 ;
Victoria, 98j.
Waterworks—Berlin, 4} ; Lambeth, 101 ; West Middle-
sex, 101
Canada Government Five per Cents. were in-
quired for.
The position of the market for American securi-
ties is noticed as follows by Mr. E. F. Satter-
thwaite

We bays bad a steady market in London during the past
week for American securities, particubirly for the most
current railroad bonds and shares, the prices of which hare,
for some weeks past, ruled so much below New York quota-
tions, that purchases made here leave a good profit ; thus,
the market has been cleared of the stock offering for trans-
mission to America. Illinois shares close firm ►t 2,fil to
discount ; and Ene shares at 211 to the supply of both
deocriptions at present settlement being much smaller than
of late.

WZDIrEIMAY Evintara.

Consols, which closed yesterday at 92 to 1-16 for
the 10th of April, opened this morning at 92
to 4, advanced to 924 to 4, and fell in the after-
noon to 914 to 92, the closing price. For money
the last price was 910 to 4. The official busi-
ness report is as follows :—Three per Cent.
Consols, for money, 914, 4, 92, 914 ; ditto for
account (April 10), 92, 4, 92 ; New Three per Cents.,
for the opening, 904, ex div.; India Stock, 2204, 4 ;
ditto Five per Cent. Stock, 100, I ; ditto Four perCent. Debentures, 951 ; ditto Bonds, 225. dis.;
Five per Cent. " enfaced" rupee paper, 934 ; ditto
Five-and-a-Half per Cent.. 100, 94
The scrip of the New Indian Loan was quoted
1001 to ; the Five per Cent. rupee paper,
934 to 941 ; the Fire-Ind-a-Half per Cent., 994
to 1004 ; and Exchequer Bills, 13a. to Bs. die.
Mexican Bonds, after being marked 24g, relapsed
this afternoon to 944 to.. A reduction of about
per cent. occurred in Turkish, the name of 1854
leaving off at 74 to 4 ; and that of 1858 at 54 to 4.
Other foreign stocks were quiet.
The progress of the settlement to-day showed an
increased supply of Midland Railway stokk, and
the "continuation " rose to 4to per cent. great
Western was rather better supplied, and carried