The Express.
London, England, 1864-08-30 00:00:00

MONEY MARKET.-(T1118 DAY.)

Two o'Cuxs.

In the stock markets to-day there is little business
apart from that connected with the fortnightly
settlement, which will be concluded to-morrow,
and prices in many instances exhibit no
change compared with those last current yesterday.
The tendency, however, is rather unfavourable,
especially as regards Consols, which show a further
fall of 1 per cent., owing to a preponderance of
sales. The few movements which have occurred
in English lines and foreign securities are likewise
adverse, with oue or two exceptions.
The demand for money is moderate, although a
large amount of Indian bills have become
due to-day. Thew, however, were chiefly pro-
Tided for yesterday, The rate is still 7* to 71 per
cent. In the Stock Exchange there is • rather
strong demand for short loans on English govern-
ment securities, and, with a smaller supply of
money, the rate has advanced to 6 per cent.
At Paris to-day, according to Mr. Renter's
telegram, the Three per Cent. Rents; opened at
66fr. 30c., being bo. lower than yesterday.
Consols are now quoted 881 to 1 for money,
and 881 to j for the account (September 8).
IThe official business report is as follows :
Three per Cent. Consols, for money, 881, 89,
881 ; ditto, for account, 89, 881 ; Three per Cents.
Reduced, 88k, k, 88 ; New Three per
Cents., 881, 1,1, 88 ; Bank Stock,
244, 2431 ; India Stock, 210 ; ditto Five per
Cent. Stock, 103/, 104, 1031; Pour per Cent.
" enlaced " rupee paper, 92; and Exchequer
Bills, March, 20a die.

Foreign stocks are flat, and lower in some cases.
Turkish Bonds of 1862 have declined per cent.,
and Consolidds and Mexican 1. Greek, how-1
ever, continue in request, and have experienced
a further rise of 1 per cent. Some of the present
quotations are as follows :—Turkish, 1858, 72
to 1 ; ditto, 1862, 694 to 701 ; Con-
-501 to 1 ; Greek, 241 to f 4 ;
Spanish Passive, 31/ to 1; ditto Certifs., 131 to
; Confederate, 78 to 79 ; and Mexican, 281 to 1.
Transactions are recorded as follows:
Brazilian, 1863, 851, 1 ; Danish, 1825, 74 ;
Dutch Certificates, 981 ; Egyptian, 1021 ; Greek,
24 ; ditto, for account, 241,1 ; ditto Coupons, 101 ;
Mexican, 281, 29, 281 ; ditto 1864, 26 ; Portn-
guests 1863, 471; ditto 1856, dec., 471; Russian,
1822, 921, 92 ; ditto 1862, 871, 88 ;
Spanish Deferred, 44 ; ditto Passive, 31 ; ditto
for account, 31, ; ditto Certificates, 131 ; Turkish,
1854, 901.; ditto 1862, 70, ; Venezuela, 1862, 56f,
571, 561 ; ditto 1864, scrip, 10 dia.
International Financial shares are now quoted
41 to 1 prem. ; General Credit, 21 to 3 prem. ;
London Financial, 91 to 10 prem. ; Imperial Mer-
cantile, 31 to f prem. ; Hudson's Bay, 161 to f ;
Anglo-Egyptian Back, 21 to 1 prem. ; Imperial
Mexican Railway, par to prem. ; and Ottoman
Sozioiti Gdndrale, 2to 1 prem.
The Committee of the Stock Exchange have ap-
pointed Thursday next a special se‘tling day (for
transactions entered into on and after the 6th in-
stant) in the shares of the new Anglo-Egyptian
Bank. The application to be quoted in the official
list was withdrawn for the present by the brokers.
It is understood that the cause of this postpone-
ment was the feeling of opposition excited by the
large number of shares allotted to the directors,
promoters, and other persons immediately connected
with the formation of the company, and the small
pro ..rtion given to the public—about 8,000 out of
40, I u I shares—notwithstanding the euortrous num-
ber of the applications. It is true that it was set
forth in the prospectus that a large portion of the
capital had been subscribed privately, but
this does not alter the fact that this
system of allotment is in itself highly
objectionable. An undertaking is brought out,
which professing to rest upon the public support
and to be subscribed by the public, is in reality
nothing more than a private emaciation. It is
evident that a plan of this sort, if generally recog-
nised by the chief authority of the Stock Exchange,
would soon open the door to many evils. It is,
therefore, satisfactory to know that it has received
a check. One of the most important duties of the
committee is to take every security in their power
for the interest of the public, and they have, there-
fore, done well to discourage the extension of a
system which will infallibly lead to increasing
abuse, serious loss, and the destruction of confi-
dence in joint-stock enterprise.
The following, with regard to the Venezuelan
loan of 1864, is an extract of a letter to the General
Credit Company, dated La Guayra, 9th August,
1864, from Messrs. H. L. Boulton and Co. :
We hays the pleasure to advise you herewith the follow-
leg assounta collected from the custom-housee of this port
and Pro, Othello, as under :
In La Onayra, up to week ending Saturday, the dole.
6th inst.
In Plo. Othello ditto ditto 30th Jul 6.61&82
Ditto ditto ditto 6th inst.

,48.84

The steamer Shannon, with the mails froiii the
West Indies and Mexico, has brought the unprece-
dented total of 1,469,0001. in specie, of which
1,032,0001. is silver, and 437,0001. gold. Of the
gold at least 200,000/., in American eagles, is expec-
ted to be sent into Bank during the next few days ;
the rest will be refined after which its destination
will be determined. The market for bar silver and
Mexican dollars has not yet been affected by this
large arrival.
The Africa, from New York, has brought 5,5001.
in specie.
According to the telegrams just received from
Shanghse an important rise (Lid.) ban taken place
in the rate of exchange. At Calcutta an advance
of id. is also reported, and at Bombay id. These
movements are all in favour of • larger export of
silver from England. The very considerable amount
just received, however, by the West India packet
will prove more than sufficient for present require-
ments.

At the meeting of the London Bank of Scotland
to-day the resolutions passed on the Bth inst., in
favour of an amalgamation with the Mercantile and
Exchange Bank, were confirmed.
The rates of " continuation " at the foreign and
share settlement yesterday were rather heavy, but
slightly declined towards the close. The Confede-
rate Loan was exceptionally in demand for delivery,
and commanded a " backwardation." The follow-
ing are the quotations :
Gnat Wasters
-- 112 __ A

Leeds n-11
Loedons
Midland

ii, 1.3-11

;;

i ”

S. 9.14' „

to 9-16
to I o

31Dizioso
Ditto, 1862
8 cambia Pasha
Ditto CortiSoaks
Tarkiat Worn& • par coat.
Votozatio, HIM

to 12p.c. „
to 12p.c. „

_ .___ ..
to la. 3d.
to la. 3d.
too j tiok
IS
tO
tO t•
to 199
to 1-16 „
to 3-16
i kza
to

The City of London Brewery Company announce
a call of 58. on the 24,000 new ordinary shares re-
cently authorised to be issued.
A letter from Athens, dated the 20th instant,
states that on that day the negotiations began there
between France, Russia, England, and Greece for
the proposed arrangement of the debts of 1824 and
1825 ; and it is hoped that they will very soon
terminate. _ _

The London, Brighton, and South Coast Railway
traffic return shows this week an increase of 2,1321.

MONDAY Emma.
Consols opened this morning at 891 to I for the
Bth September, or the same as on Saturday, aal
towards the afternoon experienced a decline of sa
eighth, from which there was no recovery. The
final quotations were 88j to 89 for money, and SP
to I for the account. The official business report
is u follows :—Three per Cent. Consols, he
money, 89k, 89 ; ditto for account, 89k, k ; Three
per Clots. Reduced, 88k, I ; New Three pee
Cents., 88k, I, ; Bank 8t0ck,1244, 242; and India
Five per Cent. Stock, 104 k, 1014.

No alteration has taken place in India Five per
Ceuta. or Exchequer Bills, the respective prices
being 103/ to 104, and 255. to Ilia. clisoonnt.
The principal speculative inquiry in the foreign
market has been for Greek Bonds and Coupon,
the former having risen per cent., and the latter
Mex;can has also improved 1 to #, the Confe-
derate Loan Spanish Passive the ,Certificates
I, and Turkish Consolidis I.
The sharea of the financial companies are a shade
firmer. International were lest quoted 41 to
prem. • General Credit, 23 to 3 prem. • London
Financial,: s{ to 10 prem. ; and Imperial Mercan-
tile Credit, 3} to t prem.

In the market for joint stock bank shares there
was a better feeling, and an improvement took
place injAlliance, Chartered of India, Australia,
and China, Imperial, European and London,
and South Western. On the other band, City,
Hindustan China, and Japan, Imperial Bank of
China, London, Buenos Ayres, and River Plate,
London and County, London Joint Stock, Midland,
and Scinde were rather flat. Imperial Ottomae
closed without change at 16,1 to 17i.
Miscellaneous descriptions have been little dealt
in, and the only changes were a decline iu Credit
Fonder and in South African Mortgage and In-
vestment. Hudson's Bay shares were lad quoted
16} tot ; Egyptian Trading, to; prem. ; and
Soci4te Sendrale de ]'Empire Ottoman, 2 to
pram. . . . .

Colonial government debentures continue quiet
at former prices.

The closing (but in some cases merely nominal)
quotations for shares in new undertakings are
subjoined, via. :—Anglo-Egyptian Bank, 2) to
prem. ; Ebbw Vale Company, par tot prem. ;
Humber Ironworks, 2+ to 1* dia. ; Hewett and
Co., to II prem. ; and Imperial Mexican Rail-
way, + to I prem.
During the last few weeks a considerable business
has been done on the Stock Exchange in the United
States Six per Cent. Five-twenty Bonds, and the
present price is quoted 39 to A. It is said that a
large quantity of stock that Las been taken is
Germany is now passing into the bands of British
holders.

MINES.-(THIS DA T.)

Two o'Ciocx.

In the mining market to-day the dealers are
chiefly engaged in the settlement of the fortnightly
account, and prices in most inatanoes are unchanged.
East Grenville shares are in demand at 71 to
1, being ss. better than yesterday. Marko
Valley, on the other hand, have declined to 41 to
; Wheal Grenville are quoted 71 to 1, being firm;
Wheal Seto°, 210 to 215 ; Hallenbeigle, to ;
and West Caradon, 91 to 101. Several traneactions
will be found recorded in the Stock Exchange
official list, given in another column.
United Mexican Mining shares are:in demand ;
and better transactions have taken place at 6i.
St. Johr del Rey have been dealt in at NI, being
steady.