The Express.
London, England, 1864-01-22 00:00:00

_,Q12.4!"1

MONEY MARKET.-(THIS DAY.)

Two o'CLoar.

The stock markets to-day are rather flatter,
owing to the absence of any absolute corroboration
'et the favourable statements respecting the
Danish question which were circulated yes-
terday. The reaction is chiefly observable
in Consols, which have declined * per oent. Home
railway stocks and the speculative foreign bonds
are but slightly lower.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Reutes were quoted
66fr. 35c., being se. lower than yesterday.
Consols are now quoted 904 to 1 for money, awl
901 to I for the account (Feb. 4).
The official business report is as follows :-
Three per Cent. Consols, for money,
901, 4, f ; ditto for account, 901, 91; Three per
Cents. Reduced, 901i4 ; New Three per Cents.,
901, 1, ; New Two-and-a-Half per Cents., 731;
Bank Stock, 237 ; India Ave per Cent Stock,
106, 1, 106*, 1051, 1041, ; ditto for account,
1061 ; Four per Cent, "enlaced" rupee paper,
10411; and Exchequer Bills, es., 125., 55., 145., die.
Foreign stocks are rather flat, but the
reduction in prices scarcely exceeds 1 per
cent. Greek Bonds are now quoted 221
to * ; Mexican, 359 to 1 ; Spanish Pas-
sive, 331 to 4 ; Turkish Bonds of 1862, 661 to 671,
being slightly better ; and the Consolid6s, 461 to 1.
Transactions are recorded as follows:-Brazilian,
1852, 1868, 1860, 871 ; ditto, 1863, 'B6l
861, 87 ; Dutch Two-and-a-Half per Cents.,
64* ; ditto Certificates, 1011; Egyptian,
• second issue, 100/ ; Greek, for amount,
• 22*, 1, 1 ; Italian, for account, 671, 1 ;
Mexican, for account, 351, 1, 1 ; Portuguese, 1866,
dec., 47* ; Russian, 1822, 911 ; ditto,
1850, 861 ; ditto, 1862, 881 ; Sardinian, for
account, 841, 84; Spanish New Deferred, for ac-
count, 451 ; ditto Passive, for account, 331,1,
9, # ; Turkish, 1862, for account, 67, 661 ;
ditto 1001. Bonds, 671 ; Venezuela, 1862, for ac-
count, 54*.
International Financial shares are quoted 5*
to 61 prem. ; General Credit, 21 to f prem.; Lon-
don Financial, 104 to 11 prem. • Egyptian Trading,
11 to 11 prem. ; Land Mortgage Bank of India, 11 to
2 prem. ; English and Swedish Bank, fto 11 prem. ;
Consolidated Discount Company, par to pram. ;
West India and Pacific Steam, 1 to 11 prem. ; Mau-
ritius Land Credit and Mortgage, / to It prem. ;
Discount Corporation, 3* to 4i prem. ; Contract
- Corporation, 2 to * prem. ; Australian and
- Eastern Steam, 21 to 1 prem. ; Land Securities,
to 1* prem. ; East London Bank, 2 to* prem. ;
and Mercantile Credit, 31 to 4 prem.
At the Bank of England Discount-office the de-

mend ycetardaywas only moderate. In the general
market the amount of business was below the
average ; but, some uncertainty having been occa-
sioned by the recent drain of gold, it was only in
exceptional instances that transactions took place
below it pee cent. This remark does not apply,
however, to 6 months' paper, which, if of a choice
character, was discounted at 7}.
Indian Government securities generally have
been prejudiced of late by the high value of money,
which checks investment, while a supply has been
derived hem the recent issue by the But Indian
Railway Company of their J Extension shares,
whirl yesterday were quoted ito prem.
The City of Manchester has Uronght 146,0001. in
specie from New York, and the Hammock 38,0001.
for England, making together 186,0004, which will
be mint abroad.

, The following is from the report of the Ocean
Marine Insurance Company, to be submitted at the
general meeting of shareholders on the Ist Febru-
ary. The &copilots, as made up to the 31st
Deoraiber last, show a balance of 221,1261., and
Neon this the directors recommend apayment which
is equal to 15 per cent on the 5/. per share paid up,
bat the report does not show to what date the divi-
sion of profits is made. Inasmuch, however, as the
directors have carefully abstained in previous re-
ports from anticipating the division of profits, no
doubt can be entertained that the distribution now
made applied only to those years in respect of which
absolutely certain results have been arrived at :
'a presenting the fourth annual report, the directors feel
they may justly enierstalate the proprietors on the 'coition
of the compasy, ex piers the hope that the success which
has es far =laded its operations may be continual and •
s', attended
The amounts, which have been examined gad
verified by the auditor, are annexed to the report, and show
that on sederwriting and interest account there remains,
after having paid all adjusted claims for Mews, •e
sad rotors; and ell aloe Thames sad expenses,
December last, a balance of V 1,1261. Os. 9d. The period
having arrived at which a *dials profit has been realised,
the dimoters reoomusend the payment of a bonne of tea
gaup psi sham amounting to 29,0001., in addition to the
usual dividend of five shilliege per share on the paid-up
capital. They,
_therefore, propose that the sum of 30,0001,
part of the realised profits, be paid free of anthem in, sad
that the balance of 191,126/. Oa 9d. be carried forward.
The Midland Railway traffic return shows this
week an increase of 4,272/. over last year ; the
Manchester, Sheffield, and Lincolnshire an increase
of 48271. ; the Lancashire and Yorkshire an in-
crease of 3,1301. ; and the North Eastern an in-
crease of 3,1241.
The receipts of the Grand Trunk Railway of
Canada for the week ending the 2nd instant were
19,1211. sterling, being 4291. less than in the cone-
sieg week of last year.
A call of 11. is to be paid on the shares in the
Bank of Otago (Limited), by the 15th February.
The half-yearly meeting of the Electric and Inter-
national Telegraph Company is called for the 11th
February.
The half-yearly meeting of the London and South
Western Railway Company is convened for the
11th February.
The amount of gross profits shown by the bait-
yearly report of the Scottish Australian Investment
Oeinpasy is 16,0501., and not 10,0601. as stated by
a printer's error on Wednesday.
It is stated that the directors of the Belfast and
County Down Railway have divided the assurance
of the whole of their stations plant, and rolling
stock between the City and County and Mercantile
Union Assurance Companies.
The International Financial Society have given
notice that no further applications for the shares
of the Land Securities Company will be received
after Saturday, the 23rd inst., from London, or
Monday the 25th, from the country.
It is said that the applications for the shares of
the Australian and Eastern Navigation Company
have reached about 140,00) shares, the company's
capital consisting of 40,000.
The Emigration Commissioners have taken up
the ship Warren luting' for the conveyance of
passengers to Queensland.
The return of the Bank of England for the week
ending Wednesday, Jan. 20, compared with that for
the previous week, shows the following changes :
Clusahtike Wee £16,955,490 Nasser 2738,190
Olreeleice active 20,e47,195 lacrosse 033,706
isgssirs ..... 3,689,074 Increase 491,77
Oiler isperits
seresimet sweritice is
otherbrersertmersest
ra booking
isgmensat is 30,274671 Deism 283,715
pigawl hanksboth
esperismets 12.974.100 Degrease 734,483
lames art ether hills 818.a08 Nasser 14,927
The Urnosy
Notes is reserve
Teal reserve (notes /coda
is beaker/ ftreissatl. 6,796,914 Nemo 798,188
The vartalioas shown by this return, and more
especially the decrease of 734,4881. in the coin and
bullion, sod of 798,1881. in the reserve, explain the
advance in the Bank rate of discount to 8 per cent,
which took place on Wednesday. The decline in
the private deposits being as much as 1,631,9171.,
the rsserre would of course have been trenched
upon mare heavily tut for the insurers in the go-
vernment &posits and the decrease in the private