The Express.
London, England, 1864-02-10 00:00:00

MONEY MARKET.--(TELS DAY.)

Two o'CLoci.

The stock markets opened this morning with a
dull appearauoe, but au improvement has taken
place within the last hour and a half, in conse-
quence of a financial house in the City having
received a telegram, announcing an armistice
between the Austrian and Prussian forces and the
Danes. The funds have risen per cent., and some
of the chief speculative foreign stocks to 4.
Home railway stocks are dull.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes orzued at
86fr.400., being sc. bete, than yesterday.
Consols are now quoted 904 to 4 for money, and
901 to 91 for the account (March 8). The
official business report is as follows :—Three per
Cent. Consols, for money, 90i, 4,4, & ; ditto
for account, 902, 4 ; Three per Cents. Reduced,
904, 4 ; New Three per Cents., 904, 4, India
Five per Cent. Stock, 1034, 104 ; ditto Four per
Cent., 100; Five per Cent. "enfaced " rupee
paper, 1044 ; and Exchequer Rills, Bs., 35., dis.

Mexican Bonds and Turkish Consolides have
risen 1 per vent., the former being quoted 351 to
363, and the latter 461 to 471 ; Greek Bonds are
rather better, at 211 to 1 ; and Spatish
Passive, firm, at 321 to a. Trans-
actions are recorded as follows :—Brazilian,
1863, scrip, 21, 13 dis. ; Chilian Foil- and-
a-Balf per Cents., 84 ; Dutch Certificates, 101 ;
Egyptian, 1023, 102; ditto, second issue,
1021 ; Greek, for account, 213 ; ditto Coupons,
for account, 91 ; Italian, for account, 661, 3 ;
ditto Mareramana Railway, 741, 75; Mexican,
for account, 353, 361, 351; Moorish, 911,
ex div. ; Peruvian, 1862, for account, 844 ;
Portuguese, 1853, ttc., for aooount, 474 ; ditto, 1856,
&c., for account, 474 ; Russian, 1860, 86 ; ditto,
1862, 884, 4, ; Sardinian, for acoount, 823 ; ditto
Passive, for account, 321 ; Turkish, 1854, for ac-
count, 89 ; ditto, 1858, for account, 091; ditto,
1862, for account, 674, 1, ; Venezuela, 1862, for
account, 551.

International Financial shares are now quoted ci
to I prem.; General Credit, 2i to § prem.; Loudon
Financial, 11 to 4 prom. ; Hudson's Bay,
16/ to 171 ; Egyptian Trading, 2to
rem.; Mercantile Credit, 44 to 5 prem. ;
Land Securities, 4 to 14 prem. ; Anglo-Italian
Bank, ito prem. ; Consolidated Discount, 2to
1 die. ; Australian and Eastern Steam, 6 to
prem. ; Credit Fonder, 14 to 2 prem. ; Mexican
Bank, 44 to 5 prem. ; Mauritius Land Credit, I to
prom. ; and Contract Corporation, 1 4 to 1 4 prem.
A good demand continues to be experienced at
the Bank of England Discount-office and in the
general market; but, though the supply of money
is fully equal to current requirements, the terms
fur choice hills are not below 74 to 8 per cent.

About 31,0001, in gold was noughts by the Bank
yesterday. The influx to that establishment will
doubtlesa continue, there being no inquiry for the
Continent.

The bar silver by the last Mexican packet was sold
yesterday fur the East at ss. lid. per ounce, being
• fall of lid. compared with the price obtained for
the supply which arrived in the middle of last
month. In the interval the transactions have been
upon • greatly reduced scale, and the quotation has
gradually receded, owing to the important reaction
in the Bombay exchange. The remittances of this
metal by the Bombay steamer on the 12th instant
are expected to show a large falling off.
The Calcutta and Bombay exchanges yesterday
are the same as last received, while those from
China are without variation of importance.
The foreign exchanges yesterday afternoon were
generally higher than on Friday, and in some in-
stances the movement in favour of this country was
rather important. In fact, the exchange; are now
at such a level that, under ordinary circumstances,
an influx of gold from the Continent might be
looked for. Subjoined is our usual list :
Amsterdam, 3 months, 12.01 to 11 ; ditto, 3 dam, ILI7I
t,181; Rotterdam, 3meoths,l2.o/ toll; Antwerp, Smooths,
35.75 to AO; Hamburg, ma beams 3 ummtbe, 13.81 to
1; Paris, 3 dam 2.5.321 to 421; ditto. 3 month., 25.821 to
90 ; Traokfortoo-the-Maino, 3 mouths, 1191 to 1;
Petenberg(per reablel,3 months, 321 t0:.431 ; Vienna. ed. 60.,
3 meths, 12.45 to 55 ; Trieste, off. do., 3 months, 12.45 to
65 ; Madrid, 3 months, 471 to ; Oadiz, 3 months, 471 to
; Leghorn, 3 months, 96.931 to 971 ; Genoa, 3 months.
26.921 to 971 ; Aliam 3 mouths, 29.921 to 971 ; Naples.
3 months, 25.921 to 971 ; Palermo, 3 months, 25.921 to 971;
Moils% 3 monde, 25.921 to 971 ; Lubin, 90 days, 62 to 1;
Oporto, 90 dare, 52 to 1.
It is understood that the Stock Exchange Com-
mittee have made • new rule, which is likely to be
regarded with satisfaction by all who wish to see
the joint stock enterprise of the day kept within
healthy limits. It appears that they bare de-
cided not to appoint a settling day in the
shares of any future new companies in which
less than one half of the capital shall be issued,
or less than 10 per cent paid thereon. In some
recent instances newly formed companies with
shares of as large • denomination as SOL, or even
1001., have obtained • settlement, and gone to work
with only 21. or 31. per share paid thereon. This
plan is considered to leave the future nominal
liability of the subscribers unduly large, and the
committee are apparently of opinion that it doss
not afford sufficient guarantees to the public.
The proposed dividend on Caledonian Railway
stock is officially announced at the rate of 6} per
cent per annum, against 6 for the same period of
1862, and that on London and Blackwell Rail-
way stock at the rate of 4 per cent. per annum,
against 4.
Through the Land Mortgage Bank of India,
the prospectus has been issued of the "Credit
Foncier of Mauritius (Limited)." The London
board is composed as follows, viz.: Colonel Balfour,
C. 8., late chief of the military finance department
of India, director of the Land Mortgage Bank of
India; Sir John P. Grant, E.C.8., late lieutenant-
governor of Bengal, and director of the Land Mort-
gage Bank of India ; Mr. George Henry Money, of
Berkeley-street ; Mr. George Palmer Robinson,
director of the Alliance Bank ; Mr. Richard
Spooner, deputy-chairman of the Bank of Hindu-
'tan ; Lieut.-Colonel F. A. V. Thurburn, late
deputy-commissioner of revenue in Oude ; Mr.
Henry Young, late chief secretary to the Govern-
ment at Bombay ; and Mr. George Cle-
ribew, late chief medical officer at Mauritius.
Attention is called to the great scope which is pre-
sented in Mauritius for the useful outlay of capital
in improvements on estates, and the promoters of
the present undertaking estimate that a sum of
2,000,0001. might be safely invested in the colony
at • rate equal to 10 per cent. per annum. The
company's capital is 500,0001., in 10,000 shares of
50/. each, and it is proposed to call up by instal-
ments 101. per share, and then to issue bonds, the
whole of the company's profit being thus applicable
as dividend on the comparatively limited amount of
100,000/. of paid up capital.
The prospectus of the City Mercantile Club and
Dining Hall Company (Limited) is in circulation,
with • proposed capital of 80,0001., in 8,000 shares
of 101. each. The object is to establish a new club
in the City of London, and also public dining and
refreshment halls of • high class. It is mentioned
that the directors have " purchased in one of the
best and most central situations in the City, in aloes
proximity to the principal places of business, •
magnificent range of buildings (recently erected
under the superintendence of an eminent architect)
in the centre of Cheapside, having nearly 30,000
feet of floor space, and pre-eminently adapted to the
requirements of all branches of the proposed estab-
lishment," and it is suggested that • good return
may be obtained from letting off the ground and
basement floors.

The fourth call of U., making fol. paid, is to la•
paid on the shares of the Bombay Gas Company
(Limited) by the 7th of March.
A call of 61. is to be paid on the shares in the
Consolidated Discount Company (Limited) by the
7th of March.

Application has been made to the Stock Ex-
change Committee to appoint a settling day in the

3 ”,

f shares of the London Mercantile Discount Com-
pany (limited).
The half-yearly meeting of the Victoria Dock
Company is oouveued for thsUbth inst.
We are informed that the applications for the
shares of the Mexican Bank in London alone have
reached thus far to between two and three times
the amount of the company's capital, irrespective of
large subscriptions in Liverpool. It is accordingly
notifi, d that the list will be closed on Friday.
It is stated that the applications for the capital of
the Wallachian Petroleum Company (Limited) are
already considerably in excess of the 12,000 shares
to be allotted.

Subjoined are the quotations of insurance, gas,
dock, and other shares, as given in the Stock
Exchange list of last evening :
Insnranos.—Alliance British and Foreign, 15} ; Conan T.eial Union, 94 ; County, 84 to 34 ; Eagle, 6) to 1;
London, 48 to ; London and PromeciarMarine, 21 e: div.;
Marine, 98; Minerva, 61 ; Ocean Marine, 20 to 194 ; Rock
Life, al ; Titania and Mersey Merino (Limited). 74 4 ;
Univenal Marine (Limited), 54 5 4.
Gaslight and Coke.—Bahle aiitedh 194 ; ditto Tea
per Cent. Preference (Limited), 214 ; EWOlPlaa, Newi2
to 1 ; Imperial, 854 ex April die. ; ditto New, 73, ex it
; Imperial Continental, 874 to 64 ; United
474 8 50; Western, 154.
Dente—East and West India, 140 ; St. Katharine, 73
to 2 ex die. ; soot hsn3pton, 634 to 6.
Waterworka.--Ber!in, 9to 4 ; Southwark and Vauxhall,
131 to I, en die.
Canals.—Grand Junction, 75, ex div. ; Regent's (or Lon-
don), 254.

TIMIDLY Emma.
Consols, which closed yesterday at 91 to for
the Bth March, were marked to-day 91, and closed
at 90s to /. For money the last price was 90ft to 4.
The official business report is as follows :—Three
per Con... Consols, fur money, 901, i; ditto,
for account, 91 ; Three per Cents. Reduced,
90}, e, 4, I ; New Three per Cents., 904, 3 ; New
Two-an -a-Half per Cents., 72} ; Bank Stock, 235 ;
India Stock, 217 ; ditto Five per Cent. Stock, 103 ft,
104, 1034, I, 4; ditto Four per Cent., 100.
Continual sales have carried the price of Inter-
national Financial shares this afternoon down to
64 to 64 prem. General Credit closed at 2;1 to 24
prem., being steady, and London Finaneid at
114 to 114 prem., being 2a. Gd. higher than
yesterday.
The shares of the Land Securities Company were
last quoted to 1 prem. ; Mauritius Land Credit,
4_ to 4 prem. ; Anglo-Italian Bank, to prem. ;
Mercantile Credit, 44 to 5 prem. ; Contract Cor-
poration, Ift to 14 prem. ; Credit Foncier, 14 to
14 prem. ; Littlehampton Steam, 5} to 6 prem.;
London Mercantile Discount, 2 to 3 pram. ; London,
Italian, and Adriatic Steam, i dia. to par ; West
India and Pacific Steam, 1} to 2 prem. ; Australian
and Eastern Navigation, 54 to 5j prem. ; Mexican
Bank, 4} to 5 prem. ; Consolidated Discount, 2} to
1} dia. ; Financial Corporation, 1 to 2 prem. ; Wal-
lachian Petroleum, 1 to 14 prem. ; and Fairhairn
Engineering, 1 to 1} prem.