The Express.
London, England, 1862-11-06 00:00:00

MONEY MARKET.-(THIS DAY.)

Two o'Croci.
This is the day for the monthly settlement in
Consols, and the principal business in the Stock
Exchange has been in connexion with this event.
The market is now rather firmer, and the price of
Consols for money is quoted per cent. higher than
at the close yesterday. Consols are now quoted ex
div. for thenew account, fixed for Dec. 4. English
railway stocks remain very quiet, the only feature
of interest being a demand for South Eastern and
London and South Western. In foreign bonds
some speculation is still moving.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Renter were quoted
70fr. 65c., showing no change.
Consols are now quoted 931 to for money, and
92 to 4, ex div., for the December account, or
equal to 934 to 1 with the dividend.
The official business report is as follows
Three per Cent. Consols, for money, 934,
; ditto, for account (Dec. 4), 921, 92, ex div. ;
Three per Cents. Reduced, 91},1 ; New Three per
Cents., 914, 4, 1 ; Red Sea Telegraph, 21/ ; Bank
Stock, 236 ; India Stock, 228 ; ditto Five per
Cent. Stock, 1091, 1 ; Five per Cent. " enfaced "
rupee paper, 105, 1; ditto Five-and-a-Half per Cent ,
112 ; Exchequer Bills, June, 15s. prem. ; ditto
March, 15s. prem.
The Turkish Loan of 1854 is without change,
at 824 to 834, while that of 1868 and Consolidds
have declined per cent., being quoted
respectively 684 to 694 and 371 to 4.
The scrip of 1862 is quiet, at to
prem. Russian scrip is quoted 14 to 2 prem. ;
Venezuelan, If to 21 prem. ; Portuguese, 24 to 1
prem. ; and Peruvian, 2to 14 die. A further
important rise has taken place in New Granada
Bonds, ex overdue Coupons and Hectares. Greek
are heavy, and the inquiries for Spanish
Passive Bonds and Certificates have subsided.
Transactions are recorded as follows :-Austrian
Five per Cents., 57, ex div. ; Belgian Four-
and-a-Half per Cents., 984, ex div. ; Bra-
zilian Five per Cents., 1839 and 1869, 99 ;
Dutch Two-and-a-Half per Cents., 66 ; Egyptian
Seven per Ceuta, 891 ; Greek, 141, 1,4, 14, ;
ditto Coupons, 61; Mexican Three per Cents.,
for account, 331 ; New Granada, ex overdue
Coupons and Hectares, 12, 1,4, ; ditto Deferred,
61; Peruvian scrip, 14, 1, dis. ; Portuguese
Three per Cents., 1862, 461, ; ditto scrip,
21 prem. ; Russian Three per Comte., 1859,
60, ex div. ; ditto scrip, 11 prem. ; ditto,
paid-up, 934, 93, ex div. ; Sardinian Five
per Cents., for account, 84/ ; Spanish Passive,
221, ; ditto Certificates, 94,1, ; Turkish Six per
Cents., 1854, for account, 831, 821; ditto 1858, for
account, 69, ; ditto scrip, prem. ; ditto paid-lap,
581, 4, 68 ; Venezuela Three per Cents., for ac-
count, 28, ex div.
The discount market continues easy. Choice
short bills were taken yesterday at 21 per cent., and
longer dates at 24 to 2/. Only a limited amount
of business was done at the Bank of England.
In conformity with the resolution agreed to at
a meeting of the Venezuelan bondholders, held
on the 20th June last, by which it was provided
that the unpaid coupons of the Venezuela Three
and One-and-a-Half per Cent. Bonds due of and
from Ist July, 1860, to let January, 1862, both
inclusive, should be exchanged at par for Venezuela
Six per Cent. Bonds, bearing interest from the Ist
of January last, Messrs. Baring Brothers and Co.
have notified that on the 17th inst. they will be
prepared to receive these coupons, on which the
dividend due Ist July will be paid, and a provi-
sional certificate issued to be surrendered on the
delivery of the bonds when they are ready.
An instalment of 15 per cent, falls due on the
10th inst. on the Russian Loan, less the dividend of
21 per cent., and the amounts already paid in full.
The total amount of Australian gold now on the
way to this country is as much as 1,072,0001.
The first of the bi-monthly biddings for bills on
India took place at the Bank of England yesterday.
The amount to be offered monthly is 50 laza, of
which 30 lace were offered to-day, raid tenders will
be received for the remainder on the 19th instant.
The minimum prices declared were, as Wore,
la. 114 d. per rupee for bills on dcutta, and.
is. 114 d. on Bombay and Madras. The applica-
tions within the limits amounted to upwards of
230 lace. Tenders on Calcutta above 2s. will ba ac-
cepted in full, those at 2s. will receive about
28 per cent. ; on Bombay at 2e. Old. and on
Madras at 2s. 01d., will receive in full. The pro-
portions attributable to Bombay and Madras were
subscribed for at these rates, short only a sum so
small that it could not be rateably divided within
the terms of the notice.
The London and North Western Railway traffic
return shows this week an increase of 6,145/. over
last year, and the London and South Western an
increase of 2,0971.
The receipts of the Great Western Railway of
Canada for the week ending the 24th October were
13,071. sterling, being 9371. more than in the
corresponding week of last year.
An extraordinary general meeting of the share-
holders of the Volunteer and General Assurance
Association is to be held on the 12th instant, to
consider the following propositions, and to take
such steps as may be required in reference to them :
L Registration with "limited liability" under
" the Companies Act of 1862. " 2. Increase
of capital. 3. Addition of fire baldness. As the
association has been registered within the
last few days under " the Companies Act of 1862,"
it is inferred that the directors do not see the
necessity of any change in the constitutiou of their
association, and are only anxious to follow the
I example of some other assurance companies in this
matter, by taking the opinion of the general body
of shareholders upon the course which ought to be
followed with reference to the new statute. The
increase ofi capital and the addition of fire business
are merely a carrying out of the original plan in
accordance with the deed of settlement.