The Express.
London, England, 1863-07-06 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'OLoaw.
The tendency of the stock markets to-day is
favourable. • There has been an advanoe of about

per cent. in the foods. Preparations for Thure-

day's settlement in Consols are now engaging at-
tention. The alteration in English railways is of

little importance ; but foreign stocks continue in
demand, and prices in many instances exhibit au

. _
improvement of moderate amount.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes were quoted

686. 6bc., showing no alteration.
Consols are now quoted 921, "buyers," ex div.,
both for money and the account (July 9).
The official business report is as follows :

Three per Cent. Consols, for money, 921, g,
ex div. ; ditto, for account, 921, ex div. ; Three per
Cents. Reduced, 921, 92 ; New Three per Cents.,
92, 1 ; India Five per Cent. Stock, 108 g, / • ditto
Four per Cent. Debentures, 1001 ; ditto Bonds,
17s. prem. ; and Exchequer Bills, March, ls., 2s.
prem., 2e. die.
Foreign stocks are firm, with a favourable ten-
dency. Egyptian and Italian stocks, as well 10
Spanish Passive Bonds and Certificates, are all
inquired for, and strong. Mexican Bonds
are well supported. Greek Bonds and
Coupons underwent a decline in the morning
owing to the intelligence of the attempted rising
at Athens, but, later telegrams having, it is said,
been received, reporting a suppression of the distur-
bances, prices are now rather better than they closed
on Saturday. The Bonds, after being sold at Kt,
are now quoted 35/ to /. There is a slight im-
provement in most classes of Turkish securities,
the loan of 18b4 being quoted 92 to 93 ;
that of 1858, 70 to 1 ; that of 1862,
671 to 68f, ex div.; and the Consolid6s,
601 to 511, showing an advance of per cent.
Transactions are recorded as follows :—Brazilian
Old Five per Cents., 101 ; Egyptian, 1011, 101 ;

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ditto, second issue, 1011, 1 ; Greek, for ac-
count, 35, 1,1, 36 ; ditto Coupons, 161, 16, ;
Italian, for account, 71, ex div.; do. Scrip, lg prem.,
ex div. ; ditto Maremtnana Railway, 78, ex div. :
Mexican, for account, 371, I ; Moorish, 961 ;
New Granada, 151 ; Peruvian, 1862, for account,
861, ex div. ; Portuguese, 1856, 1857, 1859, 1860,
and 1862, for account, 481, 48, ex div. ; Russian,
1862, 931, 03; Sardinian for account, 911,901 ; Span-
ish, for account, 541,ex div. ; ditto Passive, for Recoil nt
34, 331, ; ditto Certificates for account, 121, 13 ;
Turkish, 1854, for account, 92k, 2, 92 ; ditto
1858, for account, 701, 1 ; ditto, 1001. Bonds, 73;
ditto 1862, 68, ex div. ; ditto for account, 68,
671, ex div. ; Venezuela, for account, 24, ex div.
Confederate Loan scrip is firmer, at 1 die. to par ;
and Italian, 11 to 2 prem., ex div. Turkish is
without variation, at par.

International Financial shares are rather lower,
at 45/ to 51 prem.; and General Credit and Finance,
at If to prem. ; London Financial are steady,
at 11 to 11 prem.
The shares of the Hudson's Bay Company have
receded to 1 to 1t prem. ; and thew of the Egyptian
Trading Company to to 1 prem.

FOUR o'Cxocx.
Consols are Mill quoted 92k, "buyers," ex div.
both for money and the account.

The applications at the Bank of England
have slackened, and generally it would appear that
more than usual provision has been made for
current mercantile requirements. The dividends
will be payable at the Bank on Wednesday, the
Bth lust., bat simultaneously with their distri-
bution there will be heavy repayments of advances
to that establishment.
We are informed that arrangements have been
concluded by the directors of the British and Ame-
rican Exchange Banking Corporation with Mr.
William Wood, late of the firm of Dennistoun,
Wood, and Co., of New York ; Mr. James Gallop,
of the firm of Gallop and Spence, and Mr. John
W. Cross, to represent them as their agents in that
city. The corporation, it is expected, will be
immediately prepared to commence business opera-
tions both in this country and in America.
The London and African Trading Company
(Limited) is announced, with a proposed capital
of 500,0001. in 20,000 shares of 251. each, of which
the first issue is to consist of 4,000 shares. The
object is to carry on trade with the natives on the
west coast of Africa, by bartering manufactured
goods for palm oil, cotton, ivory, ground nut's, and
other produce. The company's operations are to
be extended into the interior. It is assumed that
the important trade in palm oil is almost ex-
clusively in the hands of a few English merchants,
and is susceptible of very considerable increase.
The company has purchased the business and coast
factories of a fins which has for some years past
carried on a lucrative and increasing trade with
Africa, and whose agents and staff are engaged
by the present company. The principals of the
firm are to assist in the direction of the company's
affairs. The prospectus contains a clause which
ought to be adopted by all new companies—viz.,
that "should less than two-thirds of the shares be
applied for, the deposit money will be immediately
returned iu full."
Another new undertaking, formed for working a
large deposit of iron and coal, extending 10 leagues
in length, has just been introduced, under the title
of the Portugal Iron and Coal Company (Limited).
The capital proposed is 100,0001., in 10,000 shares
of 101. each. Some very respectable names are on
the proxpectuls. The leading features of
the undertaking, as stated in this docu-
ment, are the possession of an inexhaustible
deposit of iron ore, with fuel sufficient for smelting
it, either with coal or wood ; the power of produc-
ing iron at an estimated cost of 21. 4s. &I. per ton
for pig, with a market for it at Lisbon at 4r. 14s. 9d.
per ton, leas the cost of transporting it thither from
the works, estimated at 10a. per toe. The prospectus
and reports contain detailed particulars, enabling
all parties to form their own judgment of the cou-
cern. The only sum paid in money for the acqui-
sition of the property is 6,000 L, the remaining com-
pensation coming only out of profit, the vendors
being assigned 3,333 paid-up shares of 101. each.
The City of London Hotel Company (Limited)
is likewise announced. It is affirmed that, owing to
the alterations in progress, the number of hotels in
the City has of late years decreased in number, while
the demand has increased. A site with a building
already licensed has been taken on lease for a term
of 99 years, opposite the old last India House in
Leadenhall-street. Here a building, fitted with
every modern convenience, is to be erected. As a
distinctive feature, the hotel is to have the largest
dining room in the City, capable of accommodating
300 to 350 persons. The capital is 50.0004., in
5,000 shares of 10/. each, one-third of which has
already been subscribed for.
A general meeting of the shareholders of the
City Bank will be held on the 21st lust.
A special meeting of the Iberian Irrigation
Company will be held on the 11th inst. to confirm
the resolution passed on the 20th ult.
The share certificates of the Copenhagen Railway
Company will be ready for delivery on Thursday
next.
The Brighton, Uckfield, and Tunbridge Wells
Railway Company invite tenders for the construc-
tions of the second section of the intended line be-
tween Groombridge and Uckfield, a distance of
about twelve miles.
We are requested to state that the share list of
the Torquay Hotel Company will be closed on
Friday nest.
The following, on the Weights and Measures Bill,
is from the circular of Messrs. Joseph Travers and
Bona :

The bill introduced by Mr. Evart, and described in our
but circular, for decinialisiog our eyet.m of weights and
insures, was carried through a snood reading on Wednes-