The Express.
London, England, 1864-07-15 00:00:00

MONEY MARKET.-MBIE DAY.)

Two o'Ctock.
There is less animation in the stock markets
to-day, attention being mach occupied with the
completion of the fortnightly settlement in shares
and foreign stocks. Nevertheless, general firmness
prevails. The funds anti nearly all other classes of
securities are well supported, at the late advance.
Little movement bas occurred in prices.
Owing partly to the demand in connexion with
the payment of interest upon a large amount of
railway debentures, the demand for money shows
a decided revival to-day, and the quotation foe
good bills is 51 to 6 per cent., the supply of money
having diminished In the Stock Exchange the
rate for short loans on English government
securities has risen to 5 per cent.
At Paris to-day, according to Mr. Renter's
telegram, the Three per Cent. Rentes were quoted
06fr. 40c., being sc. lower than yesterday.

Consols are now quoted 902 to for money, and
91 to for the account (August 9). The official busi-
ness report ism follows :—Three per Cent. Console,
for money, 90i, 4, ; ditto for account, 914, 91 ;
Three per Cents. Reduced, 891, ; New Three
per Ceuta., 89/, ; Annuities, 1885, 14 9-16 ;
Bank Stock, 2384, 240 ; India 'Nye per Cent.
Stock, 1041, ; ditto Four per Cent. Deben-
tures, 1866, 99 ; Exchequer Bills, March, Bs. dia.;
ditto June, par.
Foreign stocks are firm, without much movement
in prices. Some of the present quotations are
annexed, and are for the new account, viz. :
Greek, 244 to 25; Mexican, 291 to g, "ex all,"
being slightly better ; Confederate, 77 to 79 ;
Spanish Passive, 291 to ; Turkish of 1858,
714 to 72, being in demand ; ditto, 1862, 691
to ; and the Consolida, 51 to 4. Transactions
are recorded as follows :—Brazilian, 1863, 87/ ;
Dutch Certificates, 994 ; Greek, for account, 24i ;
Italian, for account, 681, ax div. ; Mexican, for
account, 291, 4, ex all ; Portuguese, 1853, 47i,
ex div.; ditto, 1856, Jo., 48, ex div. ; Sardinian,
for account, 841 ; Spanish, 501, ex div. ; ditto
Passive, for account, 291 ; ditto Certificates, 101,
I ; Turkish, 1858, 72 ; ditto, 1862, for account,
691, ex div. ; ditto 1001. Bonds, 69i, ex div. ; Vene-
zuela, 1862, for account, 58 ; ditto, 1864, scrip,
61 dia.
International Financial shares are now quoted
be to prem. ; General Credit, 31 to prem. ;
London Financial, 131 to 14 prem. ; Imperial and
Mercantile Credit, 41 to 5 prem. ; Hudson's Bay,
171 to 1, ex div. ; Ebbw Vale, to I prem. ;
and Ottoman Soci4t4 Genirale, 3 to 1 prem.
The mail from Guayaquil has brought a remit-
tance of 2161. 13a. 4d. on account of the dividends
on the Debt of Ecuador.

About 40,000 sovereigns were withdrawn from
the Bank yesterday for Alexandria.
Of the 436,5001. brought by the Tasmanian,
from the West Indies, 260,0001. is silver and
175,500/. gold.
The True Briton, with 103,0001., is the only
gold ship announced by the present mail as on the
way from Melbourne to England, but the Lady
Ann, with 16,0001. and the Roxburgh Castle,
with 24,5001., reported by the previous mail, are
still out.

The quotation of the Bombay exchange just
received shows a rise of id., being a movement
against England, while that from Calcutta is
unaltered.

The Lancashire and Yorkshire Railway traffic
return shows this week an increase of 5,2201.
over last year; the Manchester, Sheffield and Lin-
colnshire an increase of 1,9911. ; the Midland an
increase of 2,6311. ; and the North Eastern an
increase of 5,2191.
The folios ing is the second half-yearly report of
the directors of the London Financial Assomation
(Limited) to be submitted at the general meeting
on the 20th inst. It recommends a dividend and
bonus at the rate of 20 per cent. per annum :

In presenting their second report, the directors have
again to congratulate the shareholders on the mtisfactory
progress which the association has motioned to make. After
providing for the current expenses of the past half-year,
writing off the whole of the casts for repairs, furniture, and
fittiep to the new offices, and awry** forward • rebate of
interest at the rate of 6 per cent. per mom, the directors
are enabled to recommend the payment of a dividend at the
rate of 5 per cent., with • boons at the rate of 15 per cent.
par annum, free of income tax ; there will then remain a
balance of undivided profits of 21,405 L 18e. 9.1. to be carried
forward to the next half-year. Mr. J. E. C. Sock having
resigned the office of manager of this association, has bees
sleeted a member of the board, which election requires the
confirmation of the shareholders at the present meeting.
The directors have the satisfectios of announcing that they
bays secured the services of Mr. Augustus Wildy as
MThThe annexed circular, announcing a distribution
at the rate of no leas than 87} per cent. per annum,
bee been forwarded to the shareholders in the Mer-
cantile Credit Association (Limited), which has
been amalgamated with the Imperial Financial
Company.

Crosby-House, 96,

July 12.

Sir,--I am directed by the liquidaten of the Mercantile
Ored Ansociation (Limited) to inform yea that they have
this day resolved to make a first distributioe of the amount
Mandan to the credit of "profit and lase" by a payment of
355. per share, oe amount, free of income tax, tains equal
to a dividsod at the rate of 871 per cent. per annum os the
paid up capital for the time being of the emaciation. The
=cent des to you in respect of shares standing in your
name as the register of the emaciation can be received on
and after the 15th hottest, on presentation of this letter at
the Bank of Loadoc, Threadneedle-street, and au the

tam of Um maimed receipt. —I am. sir, ..0911. obadkot
W. C. 'Wrwramorrom.

A circular ancouncing an ad interim dividend at
the rate of 15 per cent. per annum has been issued
to the shareholders in the Financial Corporation
(Limited).
A special meeting of the shareholders of the
Union Bank of London will be held on the 29th
inst., to confirm the resolution for the increase of
the capital from 3,000,0001. to 4,000,0001., by the
issue of 20,000 new shares of 501. each.
The prospectus of the Fliutshire Oil and Cannel
Company (Limited) is issued. This company has
purchased the works of two existing companies in
Cheshire, and proposes to distil and refine oil from
cannel procured from its own mine, thus combining
under one management three processes hitherto
dealt with separately. From this combination
various economical improvements are expected to
accrue. The price to be given for the whole of the
properties purchased is to be upwards of 150,0001.,
payable by instalments, but it appears that the
proprietors of the two concerns with which ar-
rangements have been made subscribe a large
portion of the capital. The shareholders of one
of them, at a meeting held on Wednesday, agreed to
take their full purchase-money in shares. The
capital of the present undertaking is 500,0001., in
10,000 shares of 501. each, with s first issue of
6,000 shares, 5,200 of which, we are informed, are
already placed.
. . . .

A fiirsecall of 21, making 41. paid, is to be paid
on the Irredeemable Five per Ceut. Preference
shares of the Hammersmith and City Railway
Company by the 2nd of August.
A call of 10s. is to be paid on the shares in the
Suburban Hotel Company (Limited) by the Bth of

A call of 51. is to be paid ou the shares of the
London and Glasgow Engineering and Iron Ship-
building Company (Limited) by the Ist of August.
Vice-Chancellor Hindersley has ordered the con-
tributories of the British Provident Life and Fire
Assurance Society to pay a call of 151. per share by
the sth of August.
We are requested to mention that the share list
of the Dining Halls Company will be closed to-
morrow.

The following communication has been received
from the manager of the Albion Bank (Limited) :