The Express.
London, England, 1864-11-25 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'Osoow.

The stock markets to-day are firm, the
favourable character of the Bank return, but there
is no animation. Consols are quoted I per
cent. better for money. Home railway stocks,
in one or two cases, are rather higher. Most other
securities are supported at yesterday afternoon's
quotations.

The demand for money to-day is rather
strong, and the rate for good three months'
bills is firm, at 6f to 7 per cent. In the
Stock Exchange the charge for short loans has
risen to 6 to 64 per cent., the supply of money
having diminished.

At Paris to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Henke were quoted
65fr., being sc. lower than yesterday.
Consols are now quoted 91/ to I with div., for
money, and 891 "buyers," ex div. for the account
(Dec. 8). The official business report is as
follows :—Three per Cent. Consols, for money,
911, 91, 1 ; ditto, for account, 89/, 1 ; Three per
Cents. Reduced, 891, 88/, 89/ ; New Three per
Omits., 89, 88k, 89/, 88/ ; New Two-and-a-Half
per Cents., 72 ; India Five per Cent. Stock,
106/, i ; ditto Four per Cent. Debentures, 1866,
971; ditto Bonds, 58. prem. ; Four per Cent.
" enlaced " rupee paper, 89 ; ditto, Five-and-a-
Half per Cent., 110 ; and Exchequer Bills, June,
ss. dis.

Foreign stocks have experience' very little change.
Greek and Mexican have improved per cent.
Some of the present quotations are as follows,
viz.:—Greek, 23* to 1 ; Mexican, 29* to * ;
Confederate, 61 to 63 ; Spanish Passive, 31
to * ; the Certificates, 133 to ; Turkish
Bonds of 1858, 71} to 72* ; ditto 1862, 71}
to 72 ; and the Consolides, 47* to 1, ex div.
Transactions are recorded as follows :—Danish,
1864, 95 ; Egyptian, 951, 95 ; Greek, for ac-
count, 23, ; Italian, for account, 641 ; ditto
Maremmans Railway, 71* ; Mexican, fur account,
29*, ; ditto, 1864, 27f, 3 ; Portuguese, 1856,
kc., for account, 48*, 47/ ; Russian, 1862,
87, ex div. ; Spanish Passive, for account, 31*, 1, *, ;
ditto Certificates, foraccount, 131, 14, 131 ; Turkish,
1858, for account, 72; ditto 1001. Bonds, 77} ;
ditto 1862, 71} ; ditto, for account, 72, 71} ; ditto
1001. Bonds, 711, 72* ; Venezuela, 1862, for ac-
count, 48*, 49, ex div. ; ditto, 1864, 40.
Egyptian Loan scrip has risen to to 1 prem.
International Financial shares are now quoted
21 to 3 prem. ; London Financial, 9} to
prem. ; General Credit, 2i to 3i premium ;
Imperial and Mercantile Credit, 3} to } prem. ;
Hudson's Bay, 161 to 17* ; Ottoman Societe
Generale, 2} to 3 prem. ; and Anglo-Egyptian
Bank, 1- dia. to prem.

Hud;on's Bay iharee are fiat, on the announce-
ment of the dividend.

Atlantic and Great Western Railway " Certifi-
cates of Debenture" are quoted 1 to li prem.
The joint-stock banks still allow 5 per cent. for
money on deposit. The rates of the discount
establishments are now 5 per cent for money at
call (showing no change), 5} per cent. at seven days'
notice (a reduction of i), and 6 per cent at 14 days'
notice (a decline of 1 per cent.).
The gold operations at the Bank yesterday com-
prised the purchase of 27,0001., and the withdrawal
of 75,000 sovereigns for Alexandria.
The Germania, from New York, has brought
83,500/. in specie, and the City of Manchester
14,0001.

There is still a good demand for bar silver for
India, for transmission both by way of South-
ampton and Marseilles, but the supply here is
limited. The present price is ss. Iv. per ounce.
The prospectus of an important operation made
its appearance yesterday. The issue of 2,800,000/.
" Certificates of Debenture" of the Atlantic and
Great Western Railway is announced through the
Imperial Menantile Credit Association (Limited);
but of this amount 1,900,0001. has already been
applied for. This great railway, consisting of 552
miles, and completing an unbroken communication
of 1,200 miles between New York and St. Louis,
is now finished, and the traffic has thus
far greatly exceeded every anticipation. The
present operation is preliminary to a consolidation
of the entire line under one administration. The
Sterling Certificates of Debenture now offered at
90 per cent. are to he redeemed at par (100) at the
end of three years, and will bear interest at 8 per
cent. per annum. The rate of return on an invest.
ment for the three years is thus 121. 2s. 4d. per
cont. per annum, without reckoning the consider-
able advantage afforded by the delay is the instal-
ments, the last of which becomes payable on the
15th of May, 1865 less the coupon of 41. per cent.
due on that day. By the arrangements made with
the Consolidated Bank, that establishment has been
enabled to guarantei the interest for the period
named, while the principal of the present loan is
secured by the deposit at the Bank of England, in
the names of the trustees (Mr. Samuel Gurney,
M.P., Mr. John P. Leonard, and Mr. Charles
Morley), of bonds and shares amounting at the
usual exchange to 4,230,4931. It is further
satisfactory to learn that the 1,200,0001.
subscribed for prior to the issue of the
prospectus has been taken by the parties
most largely interested in the undertaking,
and, as we are positively assured, on the same
terms as those now stipulated with the general
public. Some statistics attached to the prospectus
afford an idea of the wonderful progress which
trade has made in those regions during the last five
years. At Chicago the produce trade from west
to emit represented in 1859 16,754,138 bushels of
grain, and in 1863 64,741,639 bushels at Mil-
waukee in 1859 6,550,896 bushels of gram, and in
1863 16,992,335 bushels ; at Buffalo in 1860
37,089,461 bushels, and in 1863, 64,735,570
bushels ; while at Cincinnati the "imports and
exports of leading staples " rose from 160,220,954
doLs. in 1868-59 to 578,870,362 in 1863-64. As
petroleum, of the carriage of which this
regardswa has almost a monopoly, it is shown that
although the production commenced only in 1859,
the quantity produced in 1863 was no less than
2,220,000 barrels of 40 gallons each. The *delfts
state that many thousands of barrels are always
ready awaiting transport by the railway, the m-
oonrises of which are constantly overtaxed.
The Midland Railway traffic return shows this
week an increase of 4,1251. over last year ; the
Lancashire and Yorkshire, a decrease of 5481. ; the
North Eastern, an increase of 5,3621. ; and the
Manchester, Sheffield, and Linoolnshire, an increase
of 6651. _ _ _

The report of the directors of the Panama, New
Zealand, and Australian Royal Mail Company
(Limited), to be submitted on the 29th inst. re-
commends a dividend at the rate of 7 per cent, per
annum, free of income tax.

The following ia the report of the directors of the
Punjaub, and Delhi Bank Corporation' to
be submitted at the half-yearly meeting on the
29th inst. :
The back be. sow branches is Gyration at Bombay.
Kunethes. Lalwre. Durum, and Oalenra. and in repro-
seated by wares as Madras, Hoeg Krug. Orbs, ilydeey,
esd Alrtaadria. The Lahore sad Durham branches were
=es the 6th April and god Yap reepectively ; the
breach as the 18th July. The result of the opera-
tics" of them breathes rethot be brought isto monocrat
baton the 31.1 December amt. The shares last issued at
Ti. per sham premium were t.kes sp and paid epos to the
attest of 7.889 oat of the 12,500 rimed to the shareholders.
Asd asecalleg to savior by lest inall from the Bombay
tomb, the 1,000 shares plead at the disposal of Mai
bleach bid all bees allotted to the public at 51. per share
premium, width pernials. tvitribre with wi=dt wf 21.
per there, led hien yea The steel arsoest by pre-
whims. viz., 96,6741. le. 6d., hes bees eraried to the resew
tad. No means Mee yet Lem rewind from the ether
bramble as to the &mai at tie shares ariasPritard to
them. The aseowits for the talf.wrer aiding nth lone lath
se per =sued elleterest. whisk have bees daly

show a gross profit of 26,6131.12 a, lacing* balance brought
f4rward Ist Jemmy, 164. after deducting interest on ems
net sod fixed deposits. From this sum 9.2701. Or. 4d. hie
been deducted for current expenses, and 12,4331. to. ld. fee
rebate on bills. and commission on acceptances
including a due provision for bad and doubtful debts.
leaving a balsam of 4,9091. 14s. 7d. at the credit of melt
and loss, which the directors propose to earry over to seat
half -year.
A circular forwarded to the shareholders of the
Ceylon Coffee Estates Company (Limited) by the
secretary states as follows :—" In handing yon
dividend warrant for the half-year just past I am
instructed by the board to inform you that the
reports from the estates continue to be so satisfac-
tory that it is hoped that the profits of the but
year's working will amount to a sum equivalent to
double the guaranteed dividend of 10 per cent. on
the paid-up capitaL" Of the profits 10 per cent. ndivided amongst the proprietors being the amount
rurrlteed to them by the Agri: and Masterman's
,and the remaining 10 per cent. it is proposed
to carry to the reserve fund.
We are requested to state that the share list of
the Baugparah Tea Estates Company of Assent
(Limited) will be closed on Thursday next, the Ist
of December, for London, and ou Friday, the 2nd,
for the country.
The return of the Bank of England for the week
ending Wednesday, N0v.23, compared with that for
the previous week, shows the following change 4
Circulation issue
Circulation active 19,564.855 Decrease 629,530
Public deposits 5,518,860 Incresee :376,492
Other deposits
Government securities in

10,374,542 No change
Mei-securities m banking
department
Coin and bullion in both

departmenta-- 14,131,094 Increase 27s 739
Seven day and other tins 665.712 Decrease 403
The Kest 3,318,09t; Incases g,059
Notes in reserve
Total reserve (notes k coin
in banking depertment) . 9,216,239 Increase 908,269
This return is highly favourable. The reserve
has again increased by the important sum of
008,2091., and the total (notes and coin) stands now
at no leas than 9,216,2391. After allowing for a
trifling falling off in the private deposits, this large
increase in the reserve is explained by the influx of
government deposits, in conjunction with the
further decline of 591,8341. in the private securi-
ties : the rapidity with which the amount under
the latter head is descending shows the effect which
has been produced by the exorbitant rate of dis-
count charged by the Bank. The coin and bullion.
have at the same time increased 278,7391., and the
total held is very satisfactory, being 14,131,094/.

RANK OF INGLAND.—An
and till Vic..e.32, for the week

Not.. issued .

ICSITE DEPT
L. 26,034.244

EIS 064,!401

Tropeletting' Capital £14,674,600
Heat 8.,3111,110
Public Deposita iin-
chiming Kschey.,
Sae. Banks, Oust-
mi.. of "istkaial
Debt, and Die.

count pursuant to the Act Tit
ullug on Wettnes‘lay. Nov. 216

mime)
Other Deposits 14,555, 11
Seven day and other
Bills

PALTYECT.
Government debt.. 011,015.100
Other securities 3,(34,900
Gold coin and ►ul-
ilon
I Silver bullion ...

L 211,034.140

188.304,168

Nov. 24,1864.

IPA,.
Oovernment fteen.
titles Inelr.diug

Dead Woliiht Au
unity)
Othar Securitka 1a.7111.401
Notes
Gold an 4
coin

724.1164

138,304.11111
W. 'JILL'S& Chief Cuhkr.

THURSDAY Evans.

The movement at the Bank of England, having
been fully anticipated, has had no stimulating effect
upon the prices of public securities, which, on the
contrary, have slightly declined since the announce-
ment was made. Most classes of stocks left of
somewhat lower than yesterday. the only promi-
nent exceptions being Spanish Ponies Bonds
and Certificates and Egyptian scrip, which have
risen. The reduction in Consols, however, did not
exceed 1 per cent.; and, as regards foreign bonds and
banking and financial shares the downward movement
was of little importance. It was chiefly observable in
home railway stocks, most of which closed at a fall
of 1 to 1 per cent. from yesterday's final quotations.
Considering the extent of the rise which has taken
I Place in most of the principal lines within a brief
period, it is natural that some realisations should
follow, notwithstanding the encouraging condition
of the traffic of most of the companies, and the
approach of the dividend period. The general
dulness of the stock market to-day is easily ex-
explained by the fact that speculators who bad
bought in anticipation of a decline in the Bank
rate of discount are closing their accounts sow that
that event has taken place.
Consols, which closed yesterday at 891 ex div.,
for the Bth Dec., opened this morning at 89/
to 90, ant closed at 891, "buyers." For money
the last price was 91 to 1 with div. The official
business report is as follows :—Three per Cent.
Consols, for money, 911. 1, 91, ; ditto for
account, 90, 891 ; Three per Cents. Reduced, 89,
884 ; New Three per Cents., 89, 1, 881 ; Bank
Stock, 239 ; India Stock, 216 ; ditto Five per
Cent. Stock, 1061, ; ditto Boods, ss. prem., par
Five per Cent. " enticed ••rupee paper, 102 ; Red
Sea Telegraph, 201.
The India Five per Cent. Stock was dull. India
Bonds were dealt in at par to ss. prem. Exchequer
Bills of both issues remain at ss. die. to par.
Spanish Passive Bonds were in considerable de•
mend this afternoon, and rose 1 per cent., the Cer-
tificates at the same time improving 1. The Vane-
euelaLoan of 1864, being rather scam in the market,
has risen Ito 14 per tient. With these exceptions,
the foreign stock market was dull. The sand
decline in prices, however, was limited to per
cent. in Turkish Consolidile, and 1 in Italian stock
and Mexican of 1864.
Bank shares, on the whole, were steady. Mer-
cantile and Exchange Bank, National Bank of
Liverpool, and Scinde, Pubjaub and Delhi Bank,
were quoted slightly higher. Agra and Masterman's
Bank shares, however, *bow a relapse of 41., and
lower prices were quoted for Chartered Bank of
India, Australia and China, London and County,
and London and South African Bank.
Hudaou'a Bay shares were last quoted 17/ to 4,
being dull ; Egyptian Trading, It to 14 prem.,
showing a decline of tls. ; National Discount, 104
to I prem. ; and Joint Stock Discount, to die.
Fore-street Warehouse shares were fiat. Ottoman
Financial declined about IL 10e. Madras Irriga-
tion, Smith, Knight and Co., Natal Laud, and
Panama Royal Mail Steam new shares, were queted
better. Ottoman Socititishares closed at 2/ to2l pm.
The shares of the financial companies were a
little more offered, but the decline did not exceed
2s. 6d. per share, and was not general. National
Financial shares improved about Si. The dosing
quotations are annexed, viz. :—lnternational, 21
to 31 prem. ; General Credit, 3to prem. ;
London Financial, 94 to 10 prem. ; Imperial Mer-
cantile Credit, 31 to 1 prem. ; and Credit Fonder
and Mobiliee, 31 to A prem.
United States 5.20 Bonds remain at 4071 to 4L

TIM MICTILOIPOLITLN POLICI ESTATlONN.—Yester-
day afternoon, Dr. Laminator, the maser for Central Mid-
dlesex, bald an isquiry at the Hones of Oorneetioo on the
body of Benjamin Haw, described by Mr. Smiles, the em
gem of the gaol, se a broken•down old ma, who died from
ehrook bronchitis. The demised, who was 63 years old,
sad • coachman by occupation, was takes into onstuly on
the 3rd Mt. at Kensington for illegally passing, sad wee
loads to walk from Heesioirtoa to Paddiagtoo, rain felling
heavily during the whole tame. On arriving there be sad
his wife being wet through, were limn Mt* • °old esll.
permission to dry or even warm themselves being refused.
At 6 o'clock in the more* warm air was horsed iota
the all, oe which the deranged ezelsbasil, "This sight
did for me." The wife said her hualmed war a decrepid
old men, mid had bees suffering from a sough for years. Oa
leaving the station, the police took him before a pie.
trate, who vemoded bile, sod it wee du Mg the period
Ids mimed that be died. The Oseame said that some time
age he had to make • complaint at Maelbareaga-ebeet.
&boat the potion *sib, far they were Mika mere se lies
the. dame, elms as faseesat era Welt be locked up sal
have fee bb eiaapiaiaa ens who had been guilty of ea
feabet arises. Trata amu was coavieted some algid
atteedea aught to be paid, If sot to hie °gelded, at al
emits to Ida health. The jag, boob* exPessid that lig-
=al of the areaset polio, onsagersais, Mimed as
" That loosend died bon laseelitia. sad
VIM =i vase aceaboated by oeld at taw
on tate Welt revisal bis eppeonasePadal=
Lakgrliblipmirate."