The Express.
London, England, 1864-09-10 00:00:00

No. I

MONEY MARKET.-(THIS DAY.)

Two o'Cwcw.

The tendency of the stock markets to-day
is more favourable, especially as regards the
funds, which, after rising per cent ,
upon continued investments, are now quoted
I per cent. higher than they closed yester-
day. Other securities are firm, and in some cases,
including Confederate and Greek Bonds, and Cale-
donian and South Eastern Railway stocks, prices
have advanced.

There is a fair demand for money to-day
in the general market, and 9 per cent.
is in most cases the lowest rate fur
good three months' bills. In the Stock
Exchange there is only a moderate demand for
short loans, with a large supply of money, and the
rate has declined to 4 to 5 per cent.
At Paris to-day, according to Mr. Reuter's tele_
gram, the Three per Cent. Rentes opened at 66fr. 75c ,
being 50. better than yesterday. The rise in the
Bank of France rate of discount appears, there-
fore, to be viewed with satisfaction.

Consols are now quoted 871 to 1 for money, and
88k to for the account (Oct. 11). The official
business report is as follows :—Three per Cent.
Consols, for money, 871, 1, a, ; ditto,
for account, 88, I, ; Three per',
Cents. Reduced, 86, ; New Three per Cents.,
86, 851, 86f, ; Bank Stock, 244 ; India Five
per Cent. Stock, 104 ; ditto Bonds, 28s. die.; and
Exchequer Bills, March, 15s. die.
In the foreign stock market the chief feature is
a fresh rise of three per cent. in Confederate Bonds,
which are now quoted 84 to 85. Greek Bonds are f
better, at 231 to 24 ; Mexican 1 better, at 271 to
1 ; and Spanish Certificates also / better, at 131 to
1. Turkish Consolid4s remain at 501 to 4.
Transactions are recorded as follows :—Chilian,
Four-and-a-Half per Cents., 821 ; Egyptian, 98
ex div. ; Greek, for account, 24, 231 ; Italian,
for account, 651 ; Mexican, for account, 271,
; Peruvian, 1862, for account, 771 ; Portuguese,
1856, &c., for account, 47f, 461, 47 ; Russian, 1862,
871 ; Spanish, for account, 49k, 49 ; ditto New
Deferred, for account, 43k, 44 ; ditto, Passive,
for account, 301, 1 ; ditto Certificates, for account,
131, f ; Turkish, 1858, for account, 68k, ex div. ;
ditto 1862, for account, 69k, 70 ; ditto 1001. Bonds,
70f, 70 ; Venezuela, 1862, for account, 56.
International Financial shares are now quoted
N to 1 prem. ; General Credit, 2f to 1 prem. ;
London Financial, if to 1 prem. ; Imperial Mer-
cantile, 21 to f prem. ; Hudson's Bay, IN to 16f ;
Anglo-Egyptian Bank, If to prem. ; Imperial
Mexican Railway, I die to par.; Ottoman Societe
G,Smfrale, If to prem. ; and Credit Foncier and
Mobilier of England, 3 to 1 prem.

11.u.5.-Pssr Two o'CLocK.
Consols are now quoted 87 to for money.
and 88} to I for the 11th Oct.

The rise by the Bank of France of its rate
of discount from 0 to 7 per cent. had been ex-
pected, it being obvious that a difference of 3 per
cent, between the charge of the Bank of France and
that of the Bank of England could not be suffered
to prevail without attracting gold to England. In
the comparative calmness of the French money
market, in face of the violent movements and
anxiety observable here, it is easy to find fresh
cause for condemnation of the artificial restrictions
attempted to be set up by the Bank Charter Act
of 1844.

At the auction of the Spanish Passive Debts,
which will take place on the 30th instant at
Madrid, the amounts nominally assigned are as fol-
lows :—Rs. Vn. 2,250,000, for the redemption of
the Ist class Interior Stock ; Rs. Vn. 375,000, for
the redemption of the 2nd class Interior Stock ;
Re. Vu. 14,053,060, for the redemption of the 2nd
class Exterior Stock.

Only a small amount of gold-5,000/.—was sent
into the Bank yesterday.
Owing to the state of our money market. the
quotations for bills on the continent yesterday after-
noon were very irregular, and in all cases the move-
ment was in favour of this country. In some cases
it was difficult to effect transactions. Subjoined is
our usual list :

Amsterdam, 3 months, 12.2.1 to # ditto, 3 days,
11.19 to 12 ; Rotterdam, 3 month', 12.21 to 3 ; Ant-
werp, 3 month; 25.75 to 80; Hamburg, ms. bane% 3
months, 13.10 to 1 ; Paris, 3 day; 25.30 to 40 ; ditto, 3
mont 25.75 to 85 ; Frankfort-oe-the-Maine. 3 months,
121 tot • St. Petersburg (per rouble), 3 months, 30 to f ;
Vienna, 'eff. do.. 3 months, 11.95 to 12; Trieste, eft. do.,
3 mouths, U.% to 12 ; Madrid, 3 months, 471 to ;
°Adis, S months, 471 to 48 ; Leghorn, 3 months, 25.83
to 90 ; Genoa, 3 months, 25.85 to 90 ; Milan, 3 months,
25.85 to 90 ; Naples, 3 months, 25.85 to 90 ; Palermo.,
3 months, 25.85 to 90 ; Musinn, 3 months, 25.85 to 90 ;
Lisbon, 90 days, 51# to f ; Oporto, 90 days, 511 to #.
The amount of bills on India, for which tenders
will be rece'ved at the Bank of England on the
21st inst., will be rupees 30,00,000 (300,0001.).
The subjoined shows the rates of discount now
current on the continent, viz. :—Paris, 7 per cent. ;
Vienna and Hamburg, 611 ; Turin, 7} ; Berlin,
Brussels, and St. Petersburg, 6 ; Frankfort, 4 ;
and Amsterdam, 5 per cent.
The weekly return of the Bank of France shows
the following changes : Coin and bullion in-
crease 75,0004 ; bills discounted, increase 80,0001. ;
government deposits, increase 150,0001. ; notes in
circulation, decrease, 620,0001.; private deposits;
decrease 190,0001. ; advances, decrease. 40,0001. It
will be seen that the tendency of the coin and bul-
lion, and notes, is favourable, and the rise in the
rate of discount of the French Bank, made this day,
must, therefore, be regarded as merely a precau-,
tionary measure.

The stoppage of Messrs. Croekey and Co., mer-
chants, of St. Michael's-house, is announced.
Their liabilities are estimated at about 100,000/.,
and the result of the liquidation depends chiefly
upon some railway contracts.
A circular has been issued convening an ad-
journed meeting of the creditors of Messrs. T. W.
Sweet and Co., shipowners, of Fenchurch-street.
The Grand Trunk Railway Company of Canada
have given notice that the half-yearly interest due
on the Atlantic and St. Lawrence sterling shares
will be paid on and after the ISth inst.
The directors of the Bank of British Columbia
have issued the following report, in anticipation of
the meeting called for the 26th inst.

By the annexed statement of &commie, which the direction
have much pleasure in submitting to the shareholders, it
will be seen, that after paying current expenses the
amount of undivided profit at the oonchision of the half-
year eliding 30th June last was 11,1061. 16s. 6d. Out of
this sum the directors propose to appropriate 5,000/. to
paying a dividend at the rate of 8 par cent. per annum, free
of income tax ; to add 4,0001. to the reserve food, which is
thereby increased to 6,000/. ; and to carry forward
2,1061. 16s. 6d. to the current half-year. The directors are
happy to inform the proprietors that the supplemental
charter, which they have obtained, authorises them to
establish branches at other places io the west of North
America. besides British Columbia cad Vancouver Inked ;
sod to defer calling up the remainder of the capital (which
otherwise by the terms of the original charter must have
been paid up this month) until such time as they think it
desirable to do so.

The Egyptian government having ratified the
alterations in the statutes of the Sociit4 Financiere
d'Egypte, the dividend equal to 12 2-3rds per
cent. per annum declared at the meeting held at
Paris is now payable in that city, in Alexandria,
and in London, at the Imperial Mercantile Credit
Association's offices.

A call of 10s. is to be paid on the shares of the
Otago and Southland Investment Company (Limited)
by the 3rd October.
The prospectus of the United Kingdom Steam
Boiler Insurance Company (Limited) is issued. It
is intended to provide against the risk and damage
to property caused by the explosion of steam
boilers—a class of business which has shown satis-
factory results in the case of one or two local under-
takings. The company's operations will be under

' practical guidance, and it is promised that the
best engineeing talent shall be employed in this
inspection of boilers and machinery. The capital
m 100,0001. in 20,000 shares of 51. each, but Oa
first issue is not to exceed 5,000 shares.
The Admiralty will receive tenders oa the 10th
October for the supply of 5,800 tierces and 6,800
barrels of navy pork.
The Emigration Commissioners invite tenders
for a ship to carry passengers to Brisbane, Queens-
land.

A severe thunder-storm commenced about one
o'clock yesterday afternoon in the north, and moat
of the telegraph wires belonging to the various cows-
panies were blown down. The transmission of
telegrams from London to Manchester, Liverpool,
Glasgow, and other northern cities, was either sua-
pended, or they were taken with the understanding
that they would be about two hours on the way,
instead of a few minute. The despatch of mes-
sages from the Stock• Exchange to the north was
consequently greatly interfered with.

FRIDAY Emma.

Consols, which closed yesterday at 871 for the
11th October, opened this morning at me to a, and
advanced at the close to 87 15-16 to 88 1-16, or 88
"buyers." For money the last price was 87i to a,
as against 87k to yesterday. The official business
report is as follows :—Three per Cent. Consols, for
money, 871, e, I ; ditto, for account, 871, p, I, 1 ;
Three per Cents. Reduced, 84 ; New Three per
Cents., 85;3, it, 1 ; Bank Stock, 242 ; India Five
per Cent. stock, 1031, 104 ; Five per Cent. " en-
faced " rupee paper, 102; ditto Five-and-a-Half
per Cent., 110.

The India Five per Cent. stock was firmer.
Exchequer Bills remain at 255. to 15e. dis.
The Confederate Loan continues in demand, and
has to-day experienced a fresh rise of 14 per cent.
There was also all improvement of 1 per cent. in
Egyptian Bonds, but, with these exceptions, the
foreign stock market was flat, though closing above
the lowest point of the day. The final quotations,
compared with those of yesterday, show a declined
to per cent. in Spanish Passive Bonds and Cer-
tificates, Turkish of 1858, and the Consolidis.
Bank shares continued to droop. A decline
was quoted to-day in City Bank, Bank
of London, Bank of Egypt, Imperial Otto-
man, London and County, London Joint
Stock, South Eastern, Union Bank of Australia,
and Union Bank of London. On the other hand,
London Batik of Mexico and South America, Bank
of Otago, London and Northern, Midland, Union
Bank of Ireland, and Seinde, Punjaub and Delhi
Bank shares, were quoted rather better.
Hudson's Bay shares remain at 154 to 16. Egyp-
tian Trading were dull at Ito 14 prim. Discount
Corporation, Continental Union Gas, London
General Omnibus, National Steam, Rio Improve-
meats, and Universal Marine Insurance shares,
were all quoted rather lower.
The shares of the financial companies, though
dull, closed with more steadiness. The dosing
quotations are annexed, vie. ;—lnternational,
to g prem. ; General Credit, 24 to i prem. ;
London Financial, 7 to 75 prem. ; Imperial Mer-
cantile Credit (amalgamated), 24 to 4 prem. ;
Credit Mobilier, 75 to 84 prem. ; and Credit Fon-
der, 74 to 84 prem.
The closing quotations for shares in new un-
dertakings are subjoined, viz. :—Credit Foncier
and Mobilier of England (amalgamated), 34 to 3j
prem. ; Anglo-Egyptian Bank, 1,4, to ig prem. ;
Imperial Mexican Railway, dis. to par ; Chiliaa
Mining and Trading, 4to prem.

MINEI3.-(THIS DAY.)

Two o'CLocK.

The mining market is inactive to-day, and
pikes generally preeent no change compared with
those last current yesterday. East Grenville
shares are quoted 71 to ; Wheal Seton, 210 to
2124 ; Wheal Grenville, 7 to 5 ; East Caradon 275
to 28 ; and Great Vor, 271 to 285. East 1;ovell
are officially marked 85.
No variation has occurred in foreign and colonial
mining shares. St. John del Rey have been dealt
in at 365, and 'United Mexican at 51.
The subjoined weekly summary of the metal
market is extracted from the circular of Mews.
Von Dadelazen and North

We have to report continued dulness in the metal
market. In the present uncertainty about monetary affairs.
and prospects of even dearer mooey, operators and con.
rumen only provide themselves with their moat urgent re.
quiremeota. Iron. —Welsh ban and rails remain unchanged
in value, with an average demand. Staffordshire descrip-
tions are steady. Hardly any change has taken place m
Scotch pig iron, which remains steady at 58e. 3d. cash sod
59e. 3d. open. Copper.—Businen is restricted ; the toes is.
if anything, a @bade better, but shippers use great caution.
No badmen of importance reported in foreign.
market has become vary dull again. particularly foreigs.
Straits is offered at 1011., and banes at 1031. English
is in fair demand. Tin plates are steady, but difficult to
dipole of. Lead is tending in @ellen' favour. Speller.—
Some transactions have taken place for spot and forward
delivery, the former at 241. 10a. to 24/. 12s. 6d., the latter
at 241. 15e. to 231. Hull parcel, special brands, 211. 15s.
to 251.