The Express.
London, England, 1863-09-11 00:00:00

MONEY HARKET.-(THIS DAY.)

Two o'Cwcz.

The transactions in the stock and share markets
are not large to-day, but the tendency of prices
generally is better. Consols are steady, at the
closing quotations of yesterday, while foreign secu-
rities have advanced in several instances, including
Mexican and Greek Bonds. Some of the leading
British railway stocks are likewise rather firmer.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Renter opened at
69fr., being 4 per cent. better than yesterday.
Consols are now quoted 934 to 4, for money,
and 934 to 4 for the Bth October. The official
business report is as follows :-Three per Cent.
I Consols, for money, 934, 4 ; ditto, for account,
1934, 4 ; Three per Cents. Reduced, 924, 92 ;
I New Three per Cents., 92, 4 ; Bank Stock, shut ;
India Five per Cent. Stock, 1081, 4 ; Five per
Cent. "essfaced " rupee paper, 1074, 4, 4 ; and
Exchequer Bills, 3s. prem., par.
There is not much business in the foreign stock
market to-day, but the tone is more favourable.
Mexican Bonds are in good demand, and
have risen 4 per cent. Greek have also ad-
vanced 4; the Turkish Loan of 1858 end Consolidds,
; and Spanish Passive, 4 ; Greek Coupons are
likewise better. Some of the present quotations
are annexed :-Turkish, 1854, 95 to 4 ; ditto 1868,
704 so I ; ditto 1862, 71 to 4 ; ditto Consolithis,
534 to ; Greek, 374 to 384 ; Mexican, 424 to 4 ;
Spanish Passive, 354 to 4 ; and Peruvian, 88 to 4.
Transactions are recorded as follows :-Equador
Land Warrante, 74 ; Egyptian (first issue), 1024, ex
div. ; Greek, for account, 374, 8 ; ditto Coupons,
for account, 184, 4 ; Italian, for account, 73, 724 ;
Mexican, for account, 424, 4, 4 ; Moorish, 954 ;
Peruvian, 1862, for account, 884 ; Portuguese,
1853, for account, 494 ; ditto, 1856, 1857,
1859, 1860, and 1862, for account, 494, 4,
4, 4 ; Russian, 1822, 931, ex div. ; ditto,
1862, 934, ; Sardinian, for account, 894 ;
Spanish, for account, 544, 5 ; ditto Passive, for
I account, 354, 4, 4 ; the Committee's Certificates,
134, 4 ; Turkish, 1854, for account, 954, 5;1
ditto 1858, for account, 704, 4, ex div. ; ditto
100/. Bonds, 734 ; ditto 1862, for account,
714, 4, 4. . .

The Confederate Loan is withcut change at 30 to
28 discount.

International Financial share* are steady, at
51 to 5# preen. ; General Credit and Finance are
dull, at 2 to 24 prem. ; and London Finan-
cial, better, at 21 to 34 prem. Hudson's Bay
are quoted Ito 4 dis., and Egyptian Trading, 14
to lf prem. - . _

The Imperial Royal Privileged Union Bank of
Austria hasbeen received with considerable favour,
and there is a strong demand for the shares, which
are now quoted If to 2k prem.

The Austrian Bank announced today is expected
to be followed by " The Anglo-Austrian Bank,"
whose concession is on the eve of being signed
by the Emperor of Austria. The arrange-
ments in Vienna and with the foreign cor-
respondents of the bank are complete. The
meat of the direction will be in the Austrian capital,
and the affairs of the bank subject to the control
of a committee in London. Mr. G. G. Glyn will be
a member of the London committee, and the services
of a first-clam manager have been secured. The
arrangements between the government of Austria
I and the new bank will, it is stated, on publicar
tion, very distinctly indicate the confidence re•
perked by the former in the proposed institution.

There was a somewhat increased demand for
money at the Bank of England yesterday, owing pro.
bably partly to the fact that some persons have
held aloof from that establishment during the last
two or three days, in expectation of a reduction in
the minimum rate. The Jewish holidays on Mon-
day and Tuesday next have most likely also bad
some influence upon the demand at the Bank yes.
terday. In the open market there was a 'steady
inquiry, at 3& to 4 per cent. The joint-stock
banks, with • great desire to employ their resources,
maintain their quotation at 31 per cent.
About 117,0001. in American gold (eagles) was
bought by the Bank yesterday.
It is understood that the outgoing Bombay
steamer to-morrow will take as much as 300,0001.
in silver and 100,0001. in gold. The latter has been
purchased out of the recent arrivals. This is the
largest total shipped for the East for a long period,
and is chiefly to pay for cotton.
Tenders will be received at the Bank of England
on the 16th inst. for bills on India to the amount
of 30,00,000 rupees, of which not more, than
12,00,000 rupees will be drawn on Bombay, and
2,00,000 rupees on Madras.
It is officially announced that the dividend on
Great Western Railway stock for the seven months
ending July last will be at the rate of one per
I cent., and that there will remain a balance of
I about 4,0001. to be carried over to the next amount.

- - ,
Compered with the same time last year, the Lan-
cashire and Yorkshire railway traffic return shows
this week • decrease of 2,9081. • the Midland an
increase of 2,5811. ; the North Eastern an increase
of 3,139& ; and the fsuchester, Sheffield, and Lin-
colnshire, an increase of 9361.
A very important undertaking baa been
brought forward under the title of the Imperial
Royal Privileged Union Bank of Austria. The
directors in Austria are of the highest standing,
while those in England include the Right Hon.
Lord Fermoy, M.P., chairman • James Caird,
Esq., M.P. ; Hugh C. Childers, EA., M.P. ; G. G.
Macpherson' EN., chairman of the Agra Bank ;
Edward Masterman, Esq., the banker; Roes Homily
Mangles, Esq. ; and William Scholefield, Esq., M.P.
The brokers sire Messrs. Hill, Fawcett, and Hill,
and the solicitors, Messrs. Crowder, Maynard, Son,
and Lawford. The coucession obtained from the
Emperor of Austria is for 90 years, and the pro-
ject is constituted according to Austrian law,
with limited liability. The important privi-
lege is conferred of cloud Jcting banking
operations and of establishing branches in all towns
and cities throughout the empire. There
are only five banks in Austria, with a very
limited slumber of branches, although the popula-
tion is much larger than that of the United Kingdom.
The vast territory of Austria contains very many
great and important towns, in which there is a
very large business population, yet the principles
of English banking are almost entirely unknown.
The import and export trade has increased to a
remarkable degree mace 1851, owing to the aban-
donment of the prohibitive system, and the direc-
tors hope to enmmand a large share of Oriental
business. The deposits have already been paid
upon a large number of shares. The share list
will be closed on the 16th inst.

The prospectus has been issued of the Patent
Lubricating Oil and Grease Company (Limited),
with a capital of 60,0001., in 6,000 shares of 101.
each. A preliminary contract has been made for
the purchase of certain patents, besides some
works, Flint, and machinery now in operation, the
vendor agreeing to take half the amount of the
purchase money iu paid-up shares. It is proposed
to enlarge the works, and thus greatly extend the
business. Reference is drawn to testimonials
from railway companies, government officials, and
others.

—.—
Another new undertaking is the Patent Fibre
Manufacturing Company (Limited). The object is
to carry on the manufazture of a valuable fibre
under a recently patented process. The capital is
5000 W., in 10,000 shares of Eg. each.
The Consolidated Bank (Limited) have this day
appointed Mr. W. C. Boon manager of their Lon-
don office Mr. Beare was for many years in the
London Joint Stock Bank, and subsequently
assistant manager of the Bank of London. Be is