The Express.
London, England, 1864-07-19 00:00:00

MONEY MARKET.-{THIS D 4 E)

Two o'CLocK.

The stock markets to-day are dull, and some
flatness is observable, sales predominating. In
some instances prices have suffered a little.
Consols are quoted per cent. lower for
money, while the price for the account
remains the same. Some of the speculative foreign
stocks are /to per cent. lower. Home railway
stocks likewise exhibit a drooping tendency.
There is no new feature in the discount market,
which remains quiet, at 51 to 6 per cent.
for good three months' bills. In the Stock
Exchange there is rather more demand for loans
from day to day on English government securities,
and the rate has advanced to 5 per cent.
At Paris to-day, according to Mr. Reuter's
telegram, the Three per Cent. Rentes were quoted
66fr. 27c., being 1-16 per cent. lower than yester-
day.

Consols are now quoted 904 to # for money, and
901 to / for the account (August 9). The
official business report is as follows :—Three per
Cent. Consols, for money, 901, ; ditto
for account, 901, ; Three per Cents. Reduced,
89#, I ; New Three per Cents., 89/, 90,
891, I ; Bank Stock, 240, 238/ ; India Stock,
214 ; ditto Five per Cent. stock, 1044, /, ft, I, ;
ditto Four per Cent., 99/ ; and Exchequer Bills,
June, par.

Foreign stocks in several instances are rather
flatter, but the reduction does not exceed to 3 per
cent. except as regards the Confederate Loan, which
has declined 1 per cent., being now quoted 74 to
76. Greek Bonds are quoted 241 to ; Spanish
Passive, 281 to 3 ; and Turkish Consolidcgs, 501
to 511. Anglo-Turkish Bonds, however, are firm,
those of 1858 at 72 to 1, and those of 1862
at 70 to 1. Mexican Bonds are 1 better
than yesterday, at 24 to 1, "ex all."
Transactions are recorded as follows :—Greek, for
account, 243, ; Italian, for account, 67i, exdiv.;
ditto Maretnmana Railway, 74, ex div. ; Mexican,
for account, 291, 1, e, ex all ; ditto, 1864, 261,
n; New Granada Deferred, 71 ; Portuguese, 1856,
etc., 48, ex div. ; ditto for account, 47i, ez div. ;
Russian, 1864, 885, 891 ; Spanish Passive, for ac-
count, 28,! ; Turkish, 1858, for account, 701, 70 ;
Venezuela, 1862, for account, Hi, 1.
International Financial shares are now quoted
6} to prem. ; General Credit, 3a to prem. ;
London Financial, 121 to 13 prem. ; Imperial and
Mercantile Credit, 41 to 1 prem. ; Hudson's Bay,
171 to I, ex div. Ebbw Vale, par to prem. ;
and Ottoman t3oci4t4 GentSrale, 31 to prem.
The shares of the Anglo-Egyptian Bank opened
at
_2 to 3 prem., and are now quoted 2,} to 3 prem.

No transactions in bullion occurred at the Bank
yesterday. There was a good demand, however, for
the Continent., and the American eagles (about
11,0001.) by the City of Manchester were taken fur
that quarter at an increased price.
The greater portion of the Mexican dollars by
the Tasmanian were sold yesterday for China at
Ile. 4d. per ounce, showing a reduction of FL, com-
pared with the recent quotation.
In addition to the gold ships referred to in our
impression of Friday, the Wellesley is on the way
from Melbourne to England with 95,0001., making
the aggregate 238,300!.
Much satisfaction is expressed at the announce-
ment that the Poet-office authorities have aban-
doned the proposal to double the rates of postage
to Australis.

The Brighton Railway traffic return shows this
week au increase of 1,5431. over last year.
An important undertaking is announced, under
the title of the Anglo-Egyptian Batik (Li-
mited). The capital is 2,000,0001. (subject
to increase), in 40,000 shares of 50/. each.
The names connected with the undertaking
are calculated to inspire confidence in the
management. The board consists of Mr. George
G. Macpherson, Mr. Samuel Laing, Mr. Edward
Masterman (Director of the Agra and Masterman's
Bank), Mr. Alexander Devaux (Director of the
General Credit and Finance Company), M. J. B.
Pasted (President of the Chambre de Commerce of
Marseilles), IL Jules Pastrd (of Paging Freres) of
Alexandria, and 31. G. Sinadino (of G. Sins-
dino and Co.), of Alexandria. The buns of
the concern is the acquisition of the old-
established businesses of Messrs. Pastrif
Brothers and Messrs. Sinadino and Co., both of
Alexandria. We believe that the Agra Bank has
had it in contemplation for some time to organise
an independent agency in Egypt, where a rapidly
increasing field is presented tor banking and finan-
cial business. The arrangement with Messrs.
Pasted and Sinadino, 'oath of whose firms have had
close financial relations with the government and
the Viceroy, has now given completeness to the
project, the more especially as the active co-
operation has at the same time been secured of the
General Credit and Finance Company of London
and its continental allies. It will be noticed
that the respective chairmen both of the I
Agra and Masterman's Bank and the General
Credit Company are upon the board of the new
undertaking, together with MM. Jules Pastre
and G. Sinadino, the beads of the firm in Egypt,
who, it is mentioned, "will continue to superui-
tend the operations of the new bank in that
country, in concert with English gentlemen of first-
rate banking experience." A Large portion of the
capital being already subscribed, applications for
the remaining shares are to be sent either to the
Agra Bank, to the General Credit Company, or to
Messrs. Hill, Fawcett, and Hill, the brokers to
the company.
The directors of the Bank of Egypt have decided
upon paying a dividend at the rate of 10 per cent.
per annum for the half-year ended 30th June last.
The directors of the Warrant Finance Company
have made a call of 61. per share, payable on the Ist
September next.
The London and County Land and Building
Company (Limited), which was established in 18G0
with a capital of 50,0001., subsequently increased to
200,000/. has now announced a feather increase of
the capital by the issue of 30,0.30 new shares of
101. each, in accordance with the powers given to
the directors at a special meeting on the 28th of
March. The new shares are to be issued at a pre-
mium of 10s. per share, and only 10,000 are offered
to the general public, the remaining 20,000 being
reserved for the present shareholders. The pro-
spectus mentions that " the dividends paid to the
shareholders for the last three half years have been
at the rate of 20 per cent per annum." The board
is composed as follows, viz. :—Mr. Charles Bazin,
Mr. Henry P. Bedell, Mr. James Fraser, Mr. T.
H. Harris, Mr. George N. Johnson, Mr. Daniel
King, Mr. Lightly Simpson, Mr. Mark Tomkins,
and Mr. Cornelius Walford.

A uremia) meeting of Prioe's Patent Caudle Com-
pany (Limited) is called for the 4th of August.
A general meeting of the London and Burton
Bottled Beer Company (Limited) is called for the
26th Met., when a half -yearly dividend is to be
declared.

The Admiralty will receive tenders on the 28th
inst. for the supply of 250,000 lbs. of soap,
500,000 lbs. of sugar, 12,000 lbs. of pepper, 25,000
lbs. of raisins, and 100,000 lbs. of tobacco.

MOl7/AT EVIIONI.

Consols, which closed on Saturday at 901 to 91
for the 9th of August, were first marked this morn-
ing 91, and closed at 004 " sellers." For money
the last price was 90i to I. The official business
report is as follows :—Three per Cont. Console,
for money, 90/, I, ; ditto, for account, 91. I, 901 ;
Three per Cents. Reduced, 891. 90, 891 A ; New
Three per Cents., 891, 3 90, SOL 90 ; Bank Stock,
940 ; India Stock, 214 ; ditto Five per Cent. Stock,
1041, I, ; Four per Cent. " enlaced" rupee paper,
941 ; ditto Five per Cent., 105 f, f.
The India Five per Cont. Stock and rupee paper
were again in demand. There was no change in

' Exchequer Bills, the March being quoted Bs. to 3s.
dia., and the June be. dia. to par.
The foreign stock market was steady in the
morning, and rather flatter in the afternoin.
Hudson's Bay shares were again rather lower,
at 17g to 1, and Egyptian Trading dull, at 21- se
prem. British Indian Tea, Fore-street Ware-
house, and Rio Improvements shares were all rather
Batter, while Joint Stock Discount, Universal
Marine Insurance, and Warrant Finance, were firm.
The shares of most of the financial companies
were flatter. Imperial and Mercantile Credit
experienced a relapse of 74. Bd. to 10e. Credit
Mobilier, however, have again risen 10s. The
closing quotations are annexed, viz.:—lnterna-
tional, st to f prem. ; General Credit, 311 to
prem. ; London Financial, 121 to 13 prem. ; Im-
perial and Mercantile Credit (amalgamated), 41
to 1 prem. ; Credit Mobilier, bf to 6 prem.;
Credit Foncier, 8} to 0 prem., and East India
Financial, g to 1 prem.
The closing (but in some cases merely norninel)
quotations for shares in new undertakings are
subjoined, v:z. :—lnternational Land Credit, 21
to prem.; 3f re illwall Iron Works, Ito pm. ;
Ebbw Vale Company, par to* prem. ; Italian Land,
par to 4 prem.; Robertafors Iron Works, 4 to 14
pre n. ; Humber Iron Works, 1 to g prem. ;
Ottoman Boci4td Ginerale, 3g tog prem. ; Cramer
and Co., lf prem. ; Central Railway of
Venezuela, 1 dia. to par.
The Mauritius Government Debentures improved
1 per cent.