The Express.
London, England, 1862-10-17 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'Ciocs.
Business in the stock market remains very quiet,
and there are few features of interest. The English
funds, as well as most of the principal foreign
stocks and shares and home railway securities, are
quoted the same as they closed yesterday. The
principal business is still in foreign bonds, but even
in this department the transactions to-day have
been upon a very moderate scale.
Consols are now quoted 934 to 4 for money, and
934 to 1 for the 6th of November. The offieial busi-
ness report is as follows :-Three per Cent.
Consols, for money, 931, 1,4, ¢ ; ditto
for account, 931 ; Three per Ceats Reduced, 1,
911, 92, 4 ; New Three per Cents., 92, 911, 924 •
Five per Cent. Annuities, 109 ; Thirty Years' An: 1
nuities, 1880, 124, 4 ; ditto 1885, 15 ; Bank Stock,
2374, 4, 239 ; India Stock, 229, 227 ; ditto Five per
Cent. stock, 1094, ; ditto Four per Cent. Deben-
tures, 1864, 1011 ; Five-and-a-Half per Cent.
"enlaced" rupee paper, 1124 ; Exchequer Bllls,
June, 235., 90e., prem. ; ditto March, 21s. prem.
The foreign stock market is inactive to-day.
Turkish securities are quiet at the closing
prices of yesterday. The Loan of 1864 is now quoted
82 to 83, ex div. ; that of 1858, 684 to 694 ;
the scrip of 1862, Ito Lf prem. ; and Consolidds,
384 to 4. Spanish Passive Bonds are flatter, while
old Venezuela have improved. Mexican and Italian
are steady. The scrips of the new loans exhibit
no variation. Russian is quoted If to 2 prem. ;
Venezuelan, 34 to 4 prem. ; Portuguese, 24 to
prom. ; Peruvian, 2 to 14 die. ; Egyptian Loan, first
issue, 884 to 894 ; ditto second issue, 3 to 4 prem.
Transaction are recorded as follows :-Buenoe
Ayres One per Cents. (Deferred Three), 381, ;
Egyptian Seven per Cents., second issue, paid
up scrip, 884 ; Italian Five per Cents., for account,
724 ; Mexican Three per Cents., 334; New Granada
ex overdue coupons and hectares, 104 ;
Peruvian Four-and-a-Half per Cents., for
account, 99 ; Portuguese Three per Cents.,
scrip, 24 prem. ; Russian Four-and-a-Half
per Cents., 93 ; ditto scrip, 14 prem. ; ditto
paid-up scrip, 954, 4 ; Spanish Three per Cents.
for account, 544 ; ditto Passive, 214, 4, ; Turkish
Six per Cents., 1864, 824, ex div. ; ditto
for account, 824, 4, ex div. ; ditto 1868,
694 ; ditto for account, 694 ; ditto 1001. Bonds,
72 ; ditto paid up scrip, 681, 4, ; Venezuela
Three per Ceuta., for account, 294, 1.

Foos o'CLoca.
Consols are quoted NI for money, and 933 to
i for the account, showing no change of importance
since 2 o'clock.

The news of the displacement of M. Thouve-
nel is regarded as a blow to the hopes of
the Italians, and as an indication that French
policy in Italy will maintain its tortuous character.
Amongst the other political considerations which
attract attention and are not without influence
upon the prices of public securities throughout
Europe is the critical state of affairs
in Prussia, where the King is severely
testing the patience of his subjects by endeavouring
to raise and sustain a large army without obtaining
the assent of the legislature to the levying of the
requisite funds. Much interest is likewise attached
to the coming deliberations of the British cabinet
on the American question, as it must be considered
very strange if Mr. Gladstone delivered himself,
without thought, of his recent strong utterances in
the north. More potent in its immediate action on
the market, however, has been the appearanoeyester-
day of some bona fide purchasers in the English funds,
who are probably re-investing a portion of the
dividends. Money is already so plentiful in the
Stock Exchange that it commands scarcely any
value in loans on English government securities,
1 to 1} per cent. being the highest terms obtain-
able. As regards Consols, it mnst be borne in
mind that, on the completion of the approaching
settlement, the price for the December account will
be quoted ex the half-yearly dividend, this arising
from the arrangement by which on the 30th of
November the line is drawn in the Bank
books. The deduction of the dividend will
of course make the price look low, espe-
cially having regard to the low value of money.
As regards American securities, the English public
continue to manifest a lack of faith, and not the
slightest disposition is shown to take part in the
speculative excitement which, on the strength of
the large issues of new government paper, prevails
on the other side of the Atlantic.
The discount market does not seem to be much
affected as yet by the payment of the dividends.
A good demand was experienced yesterday, and the
terms for choice bills were not below to 2 per
cent. At the Bank of England, however, the ap-
plications were very moderate. That establishment
has now been repaid the great bulk of the quar-
terly advances recently made by it.
The following notice, relating to the Venezue-
lan loan, has been postel by Messrs. Bating
Brothers and Co. in the Stock Exchange. The
progress of the arrangements in connexion with this
loan is recognised as satisfactory, and it appears,
from the character of the latest advises, that
nothing but merely formal documents are now re-
quired. Pending their arrival, however, the posi-
tion of the loan remains to some extent uncon-
firmed, and thus the payment of the next instal-
ment is postponed.
VESTICIELLN LOAN.

Moira. Baring Brothers and Co. beg to inform the nub•
scribers to this loan, that the payment of the instalment of
18 per cent., falling due on the Ist November, will not be
required until one week after the receipt of advice of
the complete performance on the part of the Venezuelan
government of all the conditions required by the contract
for the loan. All the necessary documents may be expected
by the packet to arrive about the let proximo.
October 16, 1862.
The half-yearly dividend is announced by Messrs.
Thomson, Boum, and Co., on the Russian Three
per Cent. Loan.
About 5,0001. in gold was bought by the Bank
yesterday.
The steamer Tasmanian will take, to-day,
51,0001. in gold and 4001. in silver to the West
Indies.
- -

The London and North Western Railway traffic
return shows this week an increase of 5,6741. ; the
London and South Western, an increase of 2,849 i. ;
the Lancashire and Yorkshire, a decrease of

2,7671. ; the Great Western, an increase of 3,0221.;
the Great Northern, • decrease of 1,3281.; the
Midland, an increase of 6851. ; the Great Eastern,
an increase of 1,3871. ; the North Eastern, an in-
crease of 3,0871. ; the Manchester, Sheffield, and
Lincolnshire, a decrease of 1,4901. ; and the North
British, au increase of 5641.
The Stock Exchange Committee have appointed
Monday, the 20th inst, • special settling day in
the shares of the following companies, viz. :—Lem-
wood Cannel, Gas, and Coal Company (Limited)
(whose shares are not to be marked nor to be
" bought in" without the sanction of the oom-
mittee) and the Compagnie Generale Transatlan-
tique. In the latter instance the privilege of quo-
tation in the official list is accorded.
Notice is given that the list of applications for
shares iu the Standard Bank of British South
Africa will be closed on Wednesday next, the
22nd inst.
With reference to the market for American secu-
rities, Mr. E. F. Satterthwaite reports as follows :
I We have had since our lain a very good market in London
for American secuntins. Quotation@ for Bute and rail road
bonds remain unaltered. The most active inquiry has been
for Minas and Erie @bares, which have each improved
2 dein per share, but at this improvement they are still