The Express.
London, England, 1864-07-08 00:00:00

MONEY MARKET.-(THIS DAL)

Two dCtam.

The stock marked to-day are Bat e; owing
to rumours that the ministerial majority at the
division to-night will be so small as to render a dis-
solution of Parliament by no means improbable.
The funds have declined i percent., and several of
the principal speculative foreign stocks ito 11. The
chief reaction, however, is in the securities which
have latterly experienced the greatest rise, viz.,
borne railway stocks.

The discount market continues quiet. Transac-
tions still take place at 51, and in exceptional cakes
at 51 per cent. In the Stock Exchange there is
rather more inquiry to-day for short loans on
English government securities, at se to 4i per cent.
At Paris to-day, according to Kr. Renter's
telegram, the Three per Cent. Renter were quoted
66fr. 07c., being about the same u yesterday.
Consols, in which this is settling day, are now
quoted 90} to ex div., for money, and soi, ex
div., for the August account. The official busi-
ness report is as follows :—Three per Cent. Consols,
for money, 20}, a, i ; ditto for account, 901, ;
Three per Cents. Reduced, 891, i ; New Three
per Cents., 891, ; India Stook, 215 ; ditto Five
per Cent. Stock, 104 f, i ; Five per Cent. "enlaced"
rupee paper, 105 ; Exchequer Bills, March, Bs.
die ; ditto June, par.

Turkish CoCu;olidde have declined to 1
per cent., being now quoted 491 to
Greek and Mexican Bonds are 1 to 1 worse. at
respectively, 25 to 1, and 281 to 29 "ex all."
Spanish Passive are dal!, at 291 to 4.
On the other hand, Confederate Bonds have
risen 1 per cent., being now quoted 684 to 691.
Other foreign stocks present little change.
Transactions are rsoorded as follows:—Brazilian
1863, 87 ;Egyptian, 1014 ; Greek, for account, 25,1 ;
Mexican, for account, 284, ex all; Portuguese, 1866,
are., for account, 474, 48, 474, ex div. ; Russian,
1822, 894 ; ditto, 1850, 85, ex div. ; ditto, 1862,
871 ; Sardinian, for account, 834 ; Spanish
for account, 511, 1, ex div. ; Turkish, 1854,
for aooount, 914, 1 ; ditto 1868, for account,
701 ; ditto 1001. Bonds, 714 ; ditto 1862, 1001.
Bonds, 691, 69, ex div. ; Venezuela, 1862, for
account, 561.

International Financial shares are now quoted
51 to I prem. ; General Credit, 3 to / prem. ;
London Financial, 121 to 13 prem. ; Imperial and
Mercantile Credit, 31 to I prom. ; Hudson's Bay,
171 to 1, ex div. ; Ebbw Vale, 1 to 1 prem. ;
Ottoman Sochitd Gdndrale, 21 to / prem. ; and St.
Neseire, 11 to 11 prem.

Though Spain declines to appropriate to its
proper uses the portion of revenue assigned by law
to the Passive Debt, and totally refuses any consi-
deration for the Certificates, representing the 50
per cent of overdue coupons which were confiscated
at the conversion in 1851, she is, it appears, quite
rich enough to assign funds for the reduction of her
ordinary interest-bearing debt. A notification has
just appeared from the Spanish Financial Commis-
sion in London to the following effect :—" To
carry out what is prescribed by royal orders of the
25th of June, 1860, and 28th of June, 1864, an Auc-
tion will take place on the 30th inst., at Madrid,
for the extinction of the Three per Cent. Consoli-
dated and Deferred Debts. The amount assigned
is R 17n. 8,662,810-61, one half to be applied to
the purchase of the Consolidated and the remainder
to the Deferred Stocks, both interior and exterior."
The steamer City of Washington, from New
York, has brought 204,0001 in specie, and the
Syria, from Alexandria, 85,9841.
The committee of the Stook Exchange have
appointed Monday next a special settling day in the
shares of the following companies •
• . . . .

.
To be marked
Beek& mod Foreign °radii (Limited) { is the Daily
List.
Velemoia Siete Slab (Limited) iTo berterkedja
the Twioe.e.
Bedford Horel (Limited) Week List.
The North Eastern Railway traffic return shows
thisweekan increase of 10,7961. over last year ; the
Midland an increase of 4,0391. ; the Lancashire and
Yorkshire an increase of 4,2101. ; and the Man-
chester, Sheffield, and Lincolnshire an increase of
1,747/.

The attention of the shareholders of the Egyptian
Commercial and Trading Company is directed to the
meeting fixed for Monday next, when it will be re-
commended by the directors that the company shall
be dissolved, for the purpose of amalgamating with
or enabling the shareholders to exchange their shares
for shares in a company to be called " L'Axizeia,"
or " Sochibi Gringrale d'Sgypte," which is about to
be established as a " &rink* Anonym.," under the
guarantee of the Viceroy of Egypt, and by virtue
of a firman of the Sultan. The meaning of this, of
course, is that the company is to be converted
from an English into a foreign one a
" Sosicit4 Anonyms." The shareholders will
naturally be prone to inquire on Monday
what this change involves ; what amount of privi-
leges or control is given to the administrators of
the new company ; and what proportion of the
profits is to be paid to the administrators and
founders (fondateurs) of the proposed " Azixeia."
Clear information on these heads is the more regal-
'site by reason of the growing dissatisfaction that is
felt at the peculiar manner in which too many
foreign companies are organised.
A new undertaking is announced under the title
of the Nottingham Manufacturing Company
(Limited). The object is to carry out on an exten-
sive scale the manufacture of hosiery and lace, with
the aid of certain valuable patents. The basis of
the project is the purchase of the old established
business and connection of Megan. B. H. Hine,
Mundella and Co., of Nottingham and London, with
their stock in trade, premises, machinery, and
patents. The business of the company is to
commence as from the Lit inst. The partners in the
Ifirm continue to give their co-operation, being
members of the company's board. The capital
proposed is 2000001., in 10,000 shares of 201. each,
three-fourths of which have already been subscribed
for.
We are informed that the Ottoman Financial
Association have completed arrangements for the
management of their business at Constantinople.
The president will be Assik Effendi Tinghir,
Member of the Council of the Minister of
Finance, and banker to his Highness Fuad Pacha,
the Grand Viler. Mr. Stephen Maysogordato is
to be director general, and Mr. Michael Timooi,
manager. These arrangements have been approved
by his Highness the Grand Vizier.
The half-yearly meeting of the Brighton Railway
Company is called for the 29th instant, and will
be made special, to increase the number of directors
from 8 to 9.
A special meeting of the Humber Iron Works and
Ship Building Company (Limited) is called for the
13th instant, to mate various alterations in the
articles of association.
We are informed that the insurances of the
stations and plant of the Belfast and Northern
Counties Railway have been divided between the
City and County Insurance Company and another
non-tariff office.
It is intimated that the share list of the St.
Naraire Company (Limited) will be closed on Tues-
day, the 12th instant, for Loudon, and Wednes-
day. the 13th, for the country.
The Admiralty will receive tenders on the 14th
inst. for the supply of 100,0001ba. of tea, 2.500
bushels of oats, 5,000 bushels of split peas, and
15,000 gallons of vinegar.

The colonial wool sales are fixed to commence on
Thursday, 21st inst. The fresh importations up to
present date, since the beginning of last sales, cool-
• 131,757 bales, viz. :—New Booth Wale, and
27,887; Victoria, 48,229; Tasmania,
12,388; Booth Australia, 2,683; West Australia,
387 ; New Zealand, 22,890 ; Caps, 10,633 ; total
colonial, 131,757 bales.

The following is Messrs. Culverwell, Brooke, and
Co.'s report of yesterday's bide sales
At dm Willi series al sales far the year them wee a
fair dimmed, primes befog oemicsally ia favour at Myers.
Beet laths Ciskei& of good qaulity were is limited re-
=abut bides ciammos sad muiftig qualities were is
at Arm prime. Theme of the lies is 58,275
Calcutta asw week sad 20.118 brought forward
from former sale", is ell 78,383 hides, of which
00,558 were sold. Leather—Bast lodise : Calcutta all
heeght is. Australisa : far the quantity sold former prices
were realised. Salted bides : Australian were in fair
desmad at an meadoesi iodise al id. per lb. Cape mold
at lie rum South Animism sold well far the quality.
Perim sold well. Dry and &rated hides : South Ame-
rican brought fair pion. pap sold well. Paean all, sold.
German were well ecompeted for, sad realties, full rkes.
Horse bides—Sited : South American madly bought in.
North Americas sold well. Dry—German brought fair
ppnnoes Miss : Kangaroo nearly all bought M. Bark
me all bought in.
The following is a statement of the shipments of
sherry from Cadiz for the first sir moutba of the
present year, by comparison with the corresponding
period of last year : let January to 30th June,lB64,
40420 butts ; ditto, 1863, 30,360 butts. Principal
shippers : Gonzalez and Byres, 3,831 • P. Domecq,
2,358; P. Garrey, 2,186 ; Commis and Co., 2,038 ;
I Pemartin sad Co., 1,259 ; and N. Miss, 1,231
butts.

The ship Bates Family has been engaged for the
conveyance of troops from Oork to Bombay, and
the Montmorency to carry emigrants from Birken-
head to Sydney.
The return of the Bank of England for the week
ending Wednesday, July 6, compared with that for
the previous week, shows the following changes :
Circulation isms
Circulation active
Public deposits 9,489,130 Damao' 724.406
Other deposits
Government securities is

Vaaingisparaest 11,122,115 Decrease It
Othersecuritne in banking
department
Coin and bullion in boils
- -•

departments - 13,930,939 Decrease 267,040
Seven day and other bill. 509.293 Increase 48.61,
The Rest 3.366,788 lions.. 38,422
Notes in reserve
Total reserve (notes k coin
in banking &marmoset) . 7,200,034 Decrease 954,890
With the turn of the half-year there have been the
usual disbursements on government account, and
the activity of the commercial demand for money is
attested by the increase of nearly a million in the
private securities. Owing to the loss under thews
beads, which has been only partially compensated
by the influx of private deposits, the reserve has
experienced the important decrease of 954,8904
There is also a further reduction of moderate
amount in the coin and bullion.

BANK Of L.VOLAND —An A
and btk Vln., e. 82, br the week
1861.

!BSC DI

Notes laced ci-,:iiii,iiT

L 27,898.8101

sAiirio DI
ProptieSors' Capital £14.508.000
3.306,188
Public Deposita (In-
cluding X Wiwi..
Say. Banks, Com-

account txusaant to the Act 7th
ending co Wednesday, Jaly 6.

Government debt.. £ll 015,100
Other securities 5A4,900
Gold oda and bal-
-1 lion
Silver bunion

L27,ktid,Blo

sala of NOlooal

criatvitMin.
Government flees-

Deettl WeWit An-
W)
Mee eseurttles 413,187.41711,121111
Notes
Gold and Sliver
Cola lBOlO

Debt, ~ad Div.

ooWinisT 9,489,130
Other Deposit 11.474414
Seven day and other
Bills

8.41,34,626
July 7, IbGL

sil.hese.4l.l
W. MILLER, Chief (Uhler.

THLIMOLT
Consols, which closed yesterday at 900 g,
ez dia., both for money and to-morrow's settle-
ment, opened and closed to-day at the same quota-
tion. For the August account the last price was
904 to t. The official business report is as fol-
lows:—Three per Cent. Consols., for money, 901, I ;
ditto for account, 904, ; Three per Cents. Bos-
dated, 891, ; New Three per Cents., 894,
_*;
Annuities, 1885, 14 9-16 ; Bank Stock, 2374, 209 •
India Stock, 214, 212 ; ditto Five per Cont. Stock;
104, 4, ; Five per Cent. "enfaoed" rupee paper,
1044, 104.
The India Five per Cent. stock was in better
demand. The March Exchequer Bills were un-
altered at Si. to 3s. dia.. and the June at ss. die. to
The foreign stock market was rather inactive.
The shares of the financial companies were in
demand, and an almost general improvement
occurred in prates. The closing quotations are an-
nexed, viz. :—lnternational, 54 to k prem. • General
Credit, 34 to * prem. ; London Financial:l, lattlio
13 prem. • Imperial and Mercantile Credit (amal-
gamated), 21 to 34 prem. ; Credit Mobility, 3to 4
prem. ; and Credit Foncier 8 to 9 prem.
The shame of the Bahia Land Company have
risen to 1 to 14 premium. It appears that the
company are about to apply to the Stock Exchange •
Committee for the appointment a settling day, •
and the rise is owing to the shares having besn'.t '
oversold by the dealers. I
The closing (but in some cases merely nominal)
quotations for shares in new undertakings ams
subtitled, viz.:— International Land Credit, $
to prem.; Mlllwall Iron Works, dis. to par ;
Eb w Vale Company, 4to If prem. • Ottoman
Boci4t4 G4nifrale, 2to 24 prem.,. Egyptian Soci4t4
Agricola, par to 4 prem. • St. Nature Company,
1* to It prem.; and Central Railway of Venezuela,
to 11 prem.
New Brunswick and Nova Scotia government
debentures were rather more offered.