The Express.
London, England, 1864-05-20 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'CLocz.

The stock markets to-day are dull and inactive,
and the teodeoey oa the whole is rather towards
flatness. Unfavourable statements continue to
be circulated with regard to the pretensions of the
German Powers as developed in the Couferenee,
and speculation shows no sign of revival. The
funds remain at yesterday afternoon's quotations.
A few of the speculative foreign stocks and home
railways are rather lower.

At Paris to-day, according to Mr. Renter's
telegram, the Three per Cent. Rentes opened at
66fr.70c., being I per cent. lower than yesterday.
The discount market remains quiet, with a large
supply of money. The quotation for good bills is
71 per cent.

Consols are now quoted 911 to 1, with div., for
money, and 901 toe, ezdiv., for the account (J une 8).
The official bueineu report is ea follows :—Three per
Cent. Consols, far tnoney,9ll, ; do. for account, 901,
; Three per Cents. Reduced, 891, ; New Three
per Cents., 891, /, 89; Rank Stock, 239;
India Stock, 219, 217 ; ditto Five per Cent. Stock,
104, 1.

Mexican Bonds are 1 per cent. lower, at 431
to 44, and Turkish Cons°lid& 1 lower,
at 471 to 481, ex div. Spanish Passive
are. steady at 34} to 1 ; Greek, at 221
to 231, and Confederate at 66 to 6& Russian
Scrip is quoted 2 to prem. ; Swedish, 21
to 3 prem. ; Venezuelan, 5 to 3 dia.,
ex die. ; and Mexican, 1 dia. to par.
Transastions are recorded as follows t—Chilian
Four-and-a-Ralf per Cents, 84 ; Colombian Six
per Cents., 781 ; Egyptian, 1011 ; Greek,
for account, 224, 23 ; Italian (Marem-
mane Railway), 75 ; Mexican, 431 ; ditto
for account, 44, 431, 444, 431 ; Peruvian, 1862, 88;
Portuguese, 1866, &c., for account, 484; Russian,
1822,881; do., 1862, 861,87:ex div. ; Spanish Pamir°,
for account, 341 ; ditto Certificates, 114, jj ; Turkish,
1864, for account, 681, ; ditto 1862, 711 ; ditto
1001. Bonds, 711, ; Venezuela, 1862, for account,
56, ex div.

International Financial shares are now
quoted to 6k prem. ; General Credit, 54 to
6k prem. ; Hudson's Bay, 1% too ; Credit Mobilier,
4} to 5 prem. ; Credit Fonder (Great Britain and
Ireland), 7 to 8 prem. ; International Land Cre-
dit Company, 13 to 2 prem. ; Millwall Ironworks,
if to 1k prem.; Imperial Bank of China, to lk
prom ; City Offices, 1 to I prem.; and Imperial
Financial, 54 to I prem.
A strong belief is entertained that the fall in the
value of money will yet make further progress, the
more especially as the exchanges are still too high
to allow of the exportation of gold from this
country, while the easy tendency of the continental
money markets, and the fact that the rates are
lower there than here, precludes the transfer of
capital from this country for employment in ordi-
nary channels abroad.
The joint-stock banks have not altered their
allowance for money on deposit, the rate being
still 5 per cent., except that the London and West.
I minder give only 4 per cent. for sums below 5001.
The diseount establishments have also made no
change, giving 5 per cent for money "at
call," 6 per cent. at seven days' notice, and 7 per
cent. on deposits subject to fourteen days' notice.

An address to the Committee of the Stook
Exchange in favour of closing that establishment
on Wedneedey next (" Derby-day ") has been
extensively signed by the members, and AU' believed
that the committee will accede to it.

The amount of gold taken to the Bank yesterday
was 72,000/.
The steamer Ceylon, which will leave Southamp-
ton to-day with the mails for Calcutta and
China, will take only 68,670/. in specie, of which
3,6451. is gold, and the rest silver.
There is • rather remarkable scarcity of silver
coin in London, and much inconvenience is expo-
rienoed when any important amount is required for
special purposes. Large sums in silver coin appear
to have been sent latterly to the provinces—doubt-
eas to meet the necessities of the present active
trade—and remittances are also being made to the
West Indies and other quarters. The Mint autho-
rities are naturally looked to for relief.
The application for the appointment of • settling
day in the scrip of the new Mexican Loan came
before the Stock Exchange Coin mittee on Wednesday,
and the discussion was adjourned till Monday next,
owing to a protest made by holders of Mexican De-
ferred Bonds, who represent about 400,0001. These
parties urge that their claims are as yet unsettled,
and plead the rule of the Stock Exchange Commit-
tee, which shuts out from quotation any new securi-
ties that may be created by defaulting foreign
government..
We are informed that at • meeting of certain
bolder. of Deferred Mexican Benda, held yesterday,
at 11, Warnford-oourt, Mr. J. Gersu3nberg in the
chair, the following resolution was adopted :
" Resolved,—To appoint, with power to add to
their number, Messrs. J. Clerstenberg, A. Cohen,
Thomas Moxon, Albert Levy, and J. Searle, as a
committee to represent the interests of the bolder.
of Mexican Deferred Bonds, with full powers to
effect an arrangement of the said bonds with the
Imperial Mexican Financial Commission."
The Midland Railway traffic return shows this
week an increase of 8,7401. over last year ; the
North Eastern an increase of 7,057/. ; the Man-
chester, Sheffield, and Lincolnshire an increase
of 2,1371.; and the Lancashire and Yorkshire an
increase of 7,4471.

The second extraordinary general meeting of the
English and Irish Bank (Limited) was held at the
offices of the company, 25, Poultry, yesterday, to
autborise their amalgamation with the European
Bank (Limited). Resolutions to this effect were
unanimously. Sir Robert W. Carden and
ed
Messrs. W. V. Morgan, F. B. Bernard Natusch,
John L Pascoe, and Victor F. Weber, will join
the European board.
The second call of 52. is to be paid on the shares
in the English and Swedish Bank (Limited) by the
17th of June.
It has for some time been known that a London
and Venezuela Bank was in course of formation.
The prospectus of this undertaking was issued
last evening. The bank proposes to take up a
ground which is as yet unoccupied, and it is stated
that approval of the project has been expressed in

of 50/, each, of which one-half are to be awned is
the first instance.

The prospectus of the Maritime Credit Company
(Limited) was issued last evening. The object is on
make advances "by way of mortgage, or other-
wise on shipping, wharves, ship-yaids, dote% '
warehouses,: and every description of maritime es
curities ;" and it is also mentioned that the
directors will " conduct the usual buaiiiess of a
credit company." Advances on dock war
freights, and on the hypothecation of gooder6=
aaerchandise, enter into the company's programme.
The direction comprises • long list of respectable
mercantile names, including the following Mr.
Mr.
H. A. Sankey Chairman of the New Zealasrl
Banking Corporation ; Mr. Henry Wilk*
director of the General Steam Navigation Coss-
peso ; Mr. John Brown (late of Messrs. Grant.
Smith, and Co., Calcutta) ; Mr. C. Johnston, el
Messrs. Samuel Johnston and Co. of Liverpool
and Brazil ; Mr. Frederick (Levi, of Meeers. Philip
Levi and Co., of London and Adelaide ; Mr. Wm.
Barter, of Lloyd's ; Captain Thos. A. Carr' el
Lloyd's ; Mr. Alexander Hector, of London eat
Bagdad • Mr. Lightly Simpson, director of the
Great Eastern Railway Company ; IMr. B. Stewart
Jones, of MeearaJonee, Palmer, and Co., of Liver-
pool ; Mr. W. T. Makin, of London and Man-
chester ; Mr, Henry Woodfall, director of the Ras-
pire Marine Insurance Company, of Liverpool ;
Mr. W. D. Smith, director of the North Britie
and Mercantile Insurance Company, of Liverpool ;
and Mr. Matthew M. Willis, of M.ews. M. WMis
and Co., of Liverpool. The capital is fixed at
1,000,0001. (subject to increase), in 20,000 shams
of 501. each, of which one-half are to be issued a
the first instance. It is not intended to call am
I more than 12/. 10s. per share.

A special meeting of the Metropolitan Railway
Company is convened for the Ist of June, Sw
approve four bills now pending in parliament. Owe
of these authorises the Metropolitan Railway Oen-
any to extend their railway to Notting-ball.
Kensington, and Broinpton, while another
authorises the construction of a railway from this

Metropolitan Railway through St. John's-wood 1.
the Hampatead Junction Railway.
The half-yearly meeting of the Buffalo and Labs
Huron Railway Company is called for the 9th d
June, and will be made special, to approve "sa
agreement between this company and the Grand
Trunk Railway Company of Canada, for the conjoint
working of the two undertakings, and a division d
the profits thereof."
The Canadian Loan and Investment Compeer
(limited) have just held special meetings at the
company's offices, for the purpose of adding a spe-
cial and important resolution to their articles d
association, by which the directors are limited is
the issue of the six per cent. debenturee+ of this
company, and are prevented from raising any sues
of money on such debenture. which may erased
the amount of the uncalled subscribed capital el
the company. Mr. H. E. Bennett, a London bee-
rater, who has for some years practised is Canada,
has also been added to the direction of the com-
pany. The board have just issued an explanatory
circular, which contains much information on tine
Canadian business.

The return of the Bank of England for the west
ending Wednesday, May 18, ournpalud with that tor
the previous week, shows the following changes :
Circulation issns
Circulation active 20,819,535 Decteses 131,3116
Public deposits 7,566,661 Increase 267,16 T
Other demerits
Government securities in

banking department 10,785,267 No champ
Oihersecurities in banking
department
Coin and bunks in both

departments - 13,267,4-46 lowers 1512,116
Sevea day sad ether bins 493.817 Dealers 94339
The Rad 8,289,727 Imams, 14.801

Not.. in reserve
Total reserve not.. k odn
in banking department) . 7,0117,911 Isamu 701,5111

_ .
These changes fully explain the reduction in the
Bank rate of discount made this day. The increeme
in the coin and bullion is as much as 562,1116 L, and
in the recerre, 701,5101. The movement under the
latter Leal is to be attributed chiefly to the decrease
of 383,614/. in the private securities, combine&
with the increase of 267,1671- iu the government
deposits.

BANK OF ENOLAND.—AsAi
rd SW Vic.. C i 7. IQ Ms week

owl= pungent to Ike Acl7llk
aiding os Wedassiliy, Mai ItIL

ALIMINT.
1 Orreriament debt 411,4111.11111
Other securi UP
Gekt Ma awl bt-
Ylr
Ilea a 12401,10

MON NM
Notes lamed L'Il. ,261,10

Lt7.23L116
DI
mans
=don' Oapital At14461.11*
1,290.27
Public Deponts (in-
cluding Etched.,
dm Banks, Cos•
els. el Nailosal
Debt. and Div.
7,5•4.041
Ottaric"lteposits . 12,9118.402
Wan day and ethic
BUY 411111,817

Itt7,111„11111

likereemaiS Bees.
Atka fludediatS
Bad Weil& As
t10.7116.111r
o=sirkin
Noses 6.430.
Gold sad Silva
Oda MUIR

‘38.8114•en1
May 19. IS6I.

&MAKIN
ILUISHALL. Uaatua.

THUNIDAT EVIIIIII6.

Console, which closed yesterday at 901 ex
div., for the Bth of Jane, opened this morning at
the MVO quotation, and closed at 901 to 1. For
money the last price was 91} to;, with div. 2116
official business report is as follows :—Tbres per
Cent. Console, for money, 914, 1,1, 1 ; ditto Iva
account, 901 ; Three per Cents. Redcoed.sitt
; New Three per Cents., 891, 1; India
217 ; ditto Five per Cent. Stock, Mei, ditty
Four per Cent. Debentures, 1886, 981 ; ve pee
Cent. "enlaced " rupee paper, 104 ; ditto Five.
and-a-Half per Cents., 114, 113.
The India Five per Cent. Stock was firm. MB
March Exchequer Bills were quoted 18s. to 10t
die., and the June 9s. to Is. die, being dull.
Some of the speculative foreign stocks wen
heavy. Mexican showed chief depressive, falling
/ per cent. Turkish Consolides declined 1, Greek
tSpanish Passive and Turkish of 1868 and 18611
cud Spanish Certificates per cent Spanish
ld Three per Cents., on the contrary, improved 1.
Turkish of 1864 1, and Russian Scrip 1 per cent.