The Express.
London, England, 1864-09-26 00:00:00

MONEY MARKET.--(THIS DAL)

Two o'CLocaL

The stock markets opened flatly this morning,
and prices have since receded in many instances,
although the tone at the present mo-
ment is somewhat better. Compared with the
closing quotations of Saturday, Consols exhibit •
decline of per cent., and some British lines and
foreign stocks to 4. Bank and financial shares
have also been unfavourably affected, especially
Alliance Bank and London Financial.
The demand for money is moderate, and the rate
unchanged, at 81 to 9 per cent The supply is
large. The charge for short loans in the Stock Ex-
change is 5 per cent.
At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent. Benter opened at 65fr. of
being unaltered.

Consols are now quoted 871 to 1 for money, and
88 toil for the account (Oct. 11). The official busi-
ness report is as follows :-Three per Ceut.
Consols, for money, 871, 88, 871; ditto
for account, 881 to 88 ; Three per Cents.
Reduced, 861 ; New Three per Cents., 861, 1,1,
I ; India Five per Cent. stock, 1041, 1031 ; ditto
Bonds, 28s. dis. ; Five per Cent. " enfaced"
rupee paper, 100.
Foreign stocks are dull. Turkish Bonds of 1862
have declined 1 per cent., and Greek and
Spanish Passive and Certificates, 1. Sub-
joined are some of the present quotations :-
Turkish, 1858, 68/ to 1 ; ditto 1862, 691 to ; Con-
solidda, 501 to / ; Greek, 221 to 231; Spanish Passive,
301 to ; ditto Certificates, 131 to 1; Confederate,
73; to 741 ; and Mexican, 261 to 27. Transactions
are recorded as follows:.-Egyptian, 971, 96, 1, ex
div. ; Greek, for account, 23, 1, 221 ; ditto coupon,
for account, 10 ; Italian, for account, 66 ; Mexi-
can, for account, 261, 27 ; ditto 1864, 251 ;
Peruvian, 1862, for account, 76 ; Portu-
guese, 1866, &c., 47 ; ditto, for account, 47, ;
Russian, 1859, 541 ; ditto, 1862, 872 ; ditto, 1864,
881 ; Spanish Passive, 301, A, I ; ditto
Certificates, for account, 131, 1, ; Turkish,
1851, for account, 911 ; ditto 1858, for account,
68, 1, ex div. ; ditto, 1862, for account, 691, 1, 70,
691; ditto 100/. Bonds, 69a ; Venezuela, 1862, for
account, 551 ; ditto, 1864, 45, ex div.
International Financial shares are now quoted
11 to 21 prem. ; General Credit, 11 to 2 prem. ;
London Financial, 51 to 6 prem. ; Imperial Mer-
cantile, 11 to 1 prem. ; Hudson's Bay, 15 to I ;
Anglo-Egyptian Bank, 1 to 1 prem. ; Imperial
Mexican Railway, to + prem. ; Ottoman Societtf
Gendrale, 11 to 11 prem. ; Credit Foncier and
Mobilier of England, 11 to 2 prem.
The commercial public will be interested to learn
that Messrs. Glass, Elliot, and Co. have this morn-
ing received a telegram announcing the re-opening
of the Malta and Alexandria Telegraph for the
transmission of messages to Egypt, India, China,
Australia,

The condition of the Money Market, and the
general disposition to increased caution resulting
from it, are causing the stoppage from day to day
of houses in weak credit, and trading on borrowed
money, and which have been overtaken with
transactions in excess of their resources. Accord-
ing to general rumours, further embarrass-
ments will shortly be shown, and, though
the mischief has commenced in the cotton trade, it
would be idle to attempt to limit the effects to that
department of business only. At the same time, it
is not believed that there is any general rottenness
in trade of a nature to excite real uneasiness.
The amount of gold sent into the Bank ou
Saturday was 37,0001.
The amount of bills on India for which tenders
will be received at the Bank of England on the sth
October will be rupees 30,00.000 (300,0001.)
The tenders for the New South Wales Govern-
ment Treasury Bills, bearing six per cent. interest,
will be opened to-day, the 26th inst., at the Bank
of New South Wales.

Mesas. Baring Brothers and Co. have an-
nounced the dividends on Boston City Sterling
Four-and-a-Hall per Cent. Bonds, and New Bruns-
wick Si: per Cent. Bonds.

SATOZDAy JITT7IINO.

Consols, which closed yesterday et
for the 11th October, opened and closed to-day at
881 to 1. For money the last price was 871 to 88.
The official business report is as follows :—Three per
Cent. Consols, for money, 881, 871, 881, 871; ditto
for account, 881, ; Three per Crate. Reduced,
881, ; New Three per Cents., 861, 1, ; Red
Sea Telegraph. 191 ; India Stock, 208 ; ditto Five
par Cent. Stock, 1041.
Indian government securities remain steady.
The March Exchequer Bills were also unaltered,
at 15e. to be. die. ; and the June at 255. to 15s. dis.

The foreign stock market was likewise depressed,
especially as regards the more speculative descrip-
tions. Spanish Passive Bonds fell 1 per cent., the
Certificates and Mexican Bonds #, Greek Bonds
and the coupons, as well as Turkish securities and
Italian stock, about,/ per cent. Confederate Bonds
were steady.
Bank shares continue to show decided heaviness.
Alliance Bank were especially depressed, falling
21. As regards many other descriptions, the
reduction ranged from ss. to IL per share, but it
was not general. International Bank and Mercan-
tile and Exchange Bank shares formed an excep-
tion, being firmer.
The rapid fall w the shares of the financial com-
panies continues. It was again especially severe to-
day in International Financial, which closed 10s. to
12s. 6d. worse than yesterday. London Financial
declined 7a. 61. ; Imperial Mercantile, Credit Mobi-
lier, sod Credit Foncier, Es. ; and General Credit,
2s. 6d. per share. The closinquotations are
annexed, viz.:—International, 2 to prem. ; Ge-
neral Credit, 1# to 21 prem.;London Financial,
61 to 7 prem. ; Imperial Mercantile Credit (amal-
gamated), 1# to 2i prem. ; Credit Mobilier, 2
to 21 prem. ex div. and new shares ; and Credit
Foncier, 2 to 21 prem. ex div. and new shares.
Hudson's Bay shares were again worse, at 15 to
, and Egyptian Trailing at # to 1 prem. Many
other undertakings in the miscellaneous list
have also given way, including British and Irish
Magnetic Telegraph, Commercial Union Insurance,
National Discount, Joint-stock Discount, Miliwall
Ironworks, New Zealand Trust and Loan, Royal
Mail Steam, and Telegraph Construction.
Anglo-Egyptian Bank shares closed at I to 11
prem., and Imperial Mexican Railway shares at g
to g prem.
Colonial Government Debentures are still
offered. Lower prices were quoted to-day for New
Brunswick and Nora Scotia Bonds and Canada
Five per Cents.
United States Five-Twenty Bonds were quoted
431 to 441.