The Express.
London, England, 1864-08-25 00:00:00

r, THURSDAY EVMCIRG, AUGUST 25, WM. , ::1

MONEY MARANZ-MBI9 DAL)

lA •
r're'Ct 4901001 r.

The directors of the Bink at hays not
made any alteration in the rate of unt at their
weekly board meeting to-day..

The stock markets remain very dull, and
prices have again receded in numerous instances.
Some British railway stooks have experienced
a, decline ranging from to f per cent. The fall
in foreign securities is of lees importance. Consols
have not varied.

There is very little demand for money to-day,
while the supply is extremely large. The rate for
three months' bills is unaltered, at 3 to I per
cent. In the Stock Exchange the charge for loans
from day to day on English government securities
has receded to 24 to 311 per cent.
At Paris to-day, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened at
66fr. 32c., being about the same as yesterday.
Consols are now quoted 89 to for many,
and 891 for the account (September 8). The
official business report is sr follows :—Three
pee Cent. Consols, for money, 894, 89 ; ditto,
for account, 894 ; Three per Cents. Reduced,
884, ; New Three per Ceuta., 881, i ; Bank
Stock, 242; India Five per Cent. Stook, 1044 ;
Four per Cent. " enlaced" rupee paper, 92 ; Ex-
chequer Bills, March, 15e. die. ; ditto, June, 25e.
die.

Foreign stocks; are dull. Confederate Bonds
have declined per oent. and Consolid4s, Greek,
Spanish Passive and Certificates, 1 ; Mexican
are steady. Subjoined axe some of the
present quotations, viz : Turkish, 1858, 72
to ; dittos, 1862, 691 to 701; Con-
'adds, 501 to 1 ; Greek, 231 to ; Spanish
Passive, 301 to I ; Certificates, 131 to 1 ;
Confederate, 78 to 79 ; and Mexican, 281.
to 1. Transactions are recorded as follows :—Bra.
Allan, 1863, 851 ; Greek, for account, 231, ;
Mexican, 281; ditto, 1864, 261 ; Portuguese, 1853,
for aooount, 471; ditto 1856, &a, for account, 471 ;
Russian, 1862, 871 ; Spanish, for account, 44, ;
ditto Passive, for aooount, 31, 301 ; ditto, Cer-
tificates, for account, 131, ft ; Turkish, 1858,
72 ; ditto for account, 721, 1 ; ditto 1001. Bonds,
75, ; ditto, 1862, for amount, 70, 1 ; ditto, 100/.
Bonds, 701, 691.

International Financial shares are now quoted
4k to i prem. ; General Credit, 21 to 3 prem. ;
London Financial, 9} to 10 prem. ; Imperial Mer-
cantile, 3} to 1 prem. ; Hudson's Bay, 18} to I ;
Anglo-Egyptian Bank, 21 to 3 prem. ; Imperial
Mexican Railway, } dia. to par; and Ottoman
Bocidt4 General, 2} to 1 prem.

The demand for discount remains without change.
The rate in the open market is 7} to I per cent.
with no diminution in the supply. At the Bank
the applications continue moderate. On the Stock
Exchange there is little inquiry, and large sums
are offered at nominal rates of 3 to 4 per cent.
About 39,0001. in bullion was sent into the Bank
yesterday. This is understood to be a portion of
the gold which has been refined out of the 103,0001.
brought by the True Briton from Melbourne.
There can be no question of the inherent sound-
ness of the new Imperial Mexican Railway,
and of the great benefits its completion would
bestow upon Mexico at large, nor can it be
doubted that it would eventually, if not im-
mediately, prove remunerative to the shareholders.
'The direction also under which it was introduced
was of first class character. It is evident, however,
that in the present position of affairs in Mexico any
large undertaking of this tart is premature. Some
time must necessarily elapse before the new empire
gains that amount of stability which will suffi-
ciently ensure the financial auroras of vast industrial
works of this description. Asa proof that the bur-
dens on Mexican credit are already more than suffi-
ciently heavy, it needs only to instance the late
loan, and the depreciated price at which it now
stands in the market. It is therefore not sur-
prising that for the moment an operation intrin-
sically valuable in itself, but in part at least rest-
ing on the government support and guarantee,
should fail to obtain that success which at a more
favourable conjuncture it would probably com-
mand.

It is understood that the application of the
Anglo-Egyptian Bank for a settlement and quota-
tion in the official list came before the Committee of
the Stock Exchange on Tuesday, and was adjourned
for further consideration until Monday, circum-
stances appearing in the allotment requiring in-
vestigation.
At the meeting of the Southampton Dock Com-
pany, held yesterday, the net profit for the half-
year was stated at 6,854/., making, including the
surplus brought forward, an available balance of
7,9831. & dividend of 2 per cent. was declared for
the six months, leaving 7761. to be carried forward.
The dividend of Edinburgh and Glasgow Railway
stock is officially announced at the rate of 4} per
cent. per annum, against 3 per cent. for the oor-
responding period of 1883.
The London and North Western Railway traffic
' return shows this week an increase of 7,1771.
The sixth ordinal), general meeting of the Crown
Preserved Coal Company was held in Liverpool on
the 23rd init., when the fifth dividend was declared
at the rate of 8 per cent per annum.
A special meeting of the Netherlands Land Enclo-
sure Company is called for the 29th September, for
the purpoee of amending the statutes, and to autho-
rise the raising of 10,0001. by mortgage.
The Committee of the Stock Exchanget have this
day appointed Tuesday next a special settling-day
in the shares of the following companies :
Cadiz, Oporto. and Light Wise Aincelation (Limited), for
trairsoliess Daly estereiiato on and after the 7111 June.
Not to be marked. Beztee Nebel Company (Limited).
With reference to the market for American secu-
rities, Mr. E. F. Satterthwaite reports as follows :
Nue ear lest large transactions hare taken lin the
Lambe market is Caked litates Six psr Cast. Buda
sasuring is 1882, known as 5.20 year Wade. The high rate
of Mama they yield, at pretest prise, is &Undies the
agouti:se of investors is the country, so that recent impel/-
MMus, which did not sell as the Contineet, have found
bums here ; they slue Arm at 381 to 9 being a &eke* al
j per out. oa the choice quotatioes of this day week. Au
active domed Mate far Illinois sad Erie shares, in both
which as edema of 1i dole. hes beam esteblialisd.
The letters of allotment of shares in the Penin-
sular, West India, and Southern Bank (Limited)
were issued yesterday.
The share lista of the Connecting 'Shipowners
(Limited) and of the Aberaman Iron Works Com-
pany will close for London on Saturday next, the
27th ; and for the country, the former on the 29th,
and the latter on the 30th.

The share hat of the Freemasons' Tavern Com-
pany (Limited) will close for London on the 31st
inst., and for the country on September S.

WZDNIZDAT EIPIXIM

Consols have been rather firmer, and closed a
fraction above yesterday's prime. Theo ng
quotation for the account was 89k to ,and
they left off at 891 exactly. For money
the last price was 89 to .1. The offi-
cial business report is as follows Three per
Cent. Consols, for money, 89, 881„ 89 ; ditto, for
account, 891, * ; Three per Cents. Reduced, 88*,
; New Three pee Cents., 88t, k, ; India Stock,
210, 212; ditto live per Cent. Stock, 1031, 104 ;
ditto Bonds, 1.5 a. dis.
India Five per Cents. have likewise shown in-
, mewed strength, at 103* to 104. Exchequer Bills
remain without movement at 265. to 16s. discount.
In the foreign stock market the principal dealings
have been in Spanish Passive and Certificates, the
former advancing to 31k, and the latter to 13/. A
reaction, however, subeequently took place to 301
to 31 sad 124 to 1, being to 1 higher than yester-
day. Tar ' Oossolithis and Russian Five per
Cants. of 1862 also improved. The old Mexican
Bonds were dull, but the new slightly advanced.
Italian Five per Cents, were heavy.