The Express.
London, England, 1864-01-16 00:00:00

COLONIAL GOVIRNILLNT INCIJI

MONEY MARKET.-(THIS DAY.)

Two oTioes.

The stock markets today are quiet, and the varia-
tions in prices are unusually few. The general tone
is firm, but there is little disposition to speculate.
The funds are well supported at yesterday's prices.
With the exception of a fresh fall in Greek Bonds,
foreign stockshave scarcely moved. Home railway
stocks retain • tendency to improvement.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentcs were quoted
66fr. 52c., showing no variation of importance.
Consols are now quoted 901 to g for money, and
911, "sellers," for the account (Feb. 4). The
official business report is as follows :—Three per
Cent. Console, for money, 901, 1, 91, 902 ; ditto for
amount, 911, 1; Three per Cents. Reduced, 901, I ;
New Three per Ceuta., 901, 91, 901 ; India Five
per Cent, stock, 106, 1 ; ditto Four per Cent., 100 ;
Five per Cent. " enfaced " rupee paper, 104/ ;
and Exchequer Bills, bs., 65., dia.
Greek Bonds have again declined, being
last marked 22k. Mexican are steady at
351 to g, and Spanish Passive at 34 to 1.
Spanish Certificates continue in demand. Turkish
Consolidis are steady, at 461 to /.
Transactions are recorded as follows :—Bni-
zilian, 1852, 1858, 1860, 88, g ; Egyptian,
101/ , 101 ; Greek, for account, 231,
i, 221 ; Mexican, for account, 35i, 1 ;
Portuguese, 1853, 471, 1, ; ditto, for account, 471 ;
ditto 1856, for account, 471, 1 ; Russian, 1822, 921 ;
ditto 1860, 87 ; ditto 1862, 89/, 89 ; Spanish
Passive, for account, 34g ; ditto Certificates, for
account, 141, 14 ; Turkish, 1858, 100/. Bonds, 741 ;
ditto, 1862, 674.
International Financial shares are quoted 41f,,
to i prem. ; General Credit, 21 to 3 prem. ; Lon-
don Financial, 111 to 12 prem. ; Egyptian Trading,
11 to 1g prem. ; Merchant Banking, 31 to 4 pretn. ;
Land Mortgage Bank of India, 2 to 1 prem. ; Eng-
lish and Swedish Bank, let° 111 prem. ; Consolidated
Discount Company, 1 to g prem. ; West India
and Pacific Steam, 11 to 2 prem. ; Mauritius
Laud Credit and Mortgage, 11 to 11 prem. ; Dis-
count Corporation, 32 to 44 prem. ; Contract Cor-
poration, 2* to I prem. ; Anglo-Italian Bank, 1
to 11 prem. ; National Steam, 1 dia. to par ;
Australian and Eastern Steam, 11 to 2 prem.;
London, Italian, and Adriatic Steam, 11 to 2
prem.; and Land Securities, 11 to 11 prem.

TIN MINUTES PAST Two o'Ctocn.
Consols are now per cent. bettor, at 9O to
91 for money, and 911 to I for February.

Ilaix-rasr Two o'CLoce.
Consols remain quoted 901 to 91 for money, and
91i to I for the account.
In the discount market and at the Bank of Eng-
land the demand for money yesterday was active,
but there was no absolute pressure ; 7 per cent.
was demanded on good bill..
The steamer Edinburgh has brought 90,0001. in
specie from New York.
The bar silver by the West India packet was sold
yesterday for India at Si. 20. per ounce, showing a
rise of jd., compared with the price obtained for
the previous remittance. Within the last few days,
however, owing to the activity of the damned for
India, •ausactions have occurred at the present
quotation and Se. 20., as previously stated.
The foreign exchanges yesterday afternoon were
rather Hat, but there was not much change in the
rates, which were quoted as follows :
Amsterdam. 3 alostbs, ILI9 to A ; ditto, 3 days,
ILI6I to 1-1 ; Rotterdam, 3 mouths, 11.19' to I; Antwerp,
3 mouths, 25.05 to 70; Ramberg, ma. bunco, three months,
13.7 to f ; Paris, 3 days, 25.=3 so 30 ; ditto, 3 1901thlk
23.70 to 75 • Frankfort-on-the-Mains, 3 months, 1191 to
; St. Petersburg (per rouble), 3 menthe, 331 to ; Vienna,
ed. to., 3 itionthx,l2.4o to 45 ; Trieste, if. no., 3 menthe,
12.40 to 45 ; Madrid, 3 mouths, 47i to 4tl; Cadis, 3 month:,
47/ to 48 ; Leghorn. 3 months, 23.83 to 90. Genoa. 3
mouths, 23.85 to 90 ; Hasa, 3 months, 25.85 to 90;
Naples, 3 months, 25.85 to 90; Marino, 3 mouths, 25.85
to 90; Messina, 3 months, 23.85 to 90; Lisbon. 90 days,
521 to ; Oporto, 90 days, 521 to
At Paris and Vienna the rate of discount in the
open market is Gi per cent. • Hamburg and Am-
sterdam, 5 ; Turin, G 4 ; Frankfurt, 4 ; Berlin, 41 ;
Brussels, ; and St. Petersburg, 9 per cent.
The monthly return of the Bank of France, as
made up to Thursday, the 14th of January, shows
the following results (the exchange taken at 26fr. to
the pound) :
Coin and bullion
Bills discounted
Notes in circulation lncrease 2,300,000
Private dep=ta
Treaeury tkposita
Advances on public securities Decrease 480,000

The falling off in the coin and bullion is not
heavier than had been expected, but the total is
now only 6,728,0001. against about 32,500,000/. of
notes outstanding. The fact that the note circula-
tion bas increased so largely during the past month
serves to render the discrepancy the more serious.
On Thursday a treaty of amity, commerce, and
navigation was aigued by Hr. Dubois, the minister
of Hayti, and Mr. Ralston, the consul•general of
Liberia, the respective plenipotentiaries of the two
contracting negro republics.
The directors of the Union Rink of Australia, as
financial agents of the colony of Queensland, and of
the Province of Canterbury-, in Sew Zealand, are
about to Offer for sale in London 200,0001. Six per

. .
Cent. Debentures, being 150,0001. ou aoxitint of the
former and 50,0001. on account of the latter.
The International Financial Society is again
in the field, having just put out the pros-
pectus of the Land Securities Company (Limited).
Introduced under these auspices, it is scarcely
necessary to say that the project is moot respectably
constituted. The Duke of .Ilaribm-ough is prem.
dent, and the International directors will act as a
finance committee. The basis of the project is, iu
one word, the extension to this country of the
Credit Fonder system, which is now in successful
operation in most of the countries on the Continent.
The company, whose special province it will be to
make investments on lauded estate, will act as
agents between the moneyed public and the bor-
rower, raising money on debentures at one rate, and
lending it at another.
Another new undertaking, formed with &number
of respectable names, practically identified with
existing joint-stock enterprise, is the London,
Italian, and Adriatic Steam Navigation Company
(Limited). The objects are the establishment of a
line of screw steamers between Loudon and the
porta of Genoa, Leghorn, Naples, Messiva, and
Palermo, "to sail with undeviating regularity at
intervals of not less than ten days," and of lines
suited to the requirements of the trade between
London, Greek, Adriatic, and other ports iu the
Mediterranean. With • view to the immediate
commencement of business, the directors have
provisionally entered into au arrangement with the
directors of an existing line to take over their four
new steamers, viz., the Alexandra, Clotilda, Italia,
and Venetia. It is pointed out that the company
will thus obtain a valuable connexion in the Italian
trade, by which the shareholders will enter imme-
diately into • profitable business, the price to be
agreed
upon by arbitration, and to be accepted in
shares of the company. The enormous increase
which has latterly taken place in the Mediterranean
trade is cited as affording full explanation of the
formation of this project. The capital is 500,000 k,
in 10,000 shares of 501. each.
We understand that the directors of the South
African Mortgage and Investment Company have
resolved on issuing the second half of the nominal
capital of the company by 10,000 shares of 501.
each, at a premium of I/. per share to existing
shareholders. This company has now been in
existence upwards of one year, and Las already
secured a very large and rapidly extending loan
and trust business in the Cape Colony. It is un-
derstood that the chief object, however, which
the directors have in view in this second issue is
so to extend the bases of the company as to take
up, in addition to.the Cape ;Colony, a large and

inviting business in the adjoining settlements af
British Kaffraria and Natal. The company has
already declared an interim dividend of 5 per cent.
It is announced that the share list of the Aun-
tralian and Eastnri Navigation Company will be
closed on Wednesday next, the 20th inst.
The directors of the London Financial
Assoeia-
tion have issued their first half-yearly report, whir&
is of a very satisfactory character. We extract as
follows :

In presenting their first report, the directors have to con-
gratulate the shareholders oe is. mildeatary ream
which this association has made in the eaeapasaMeely short
time it has been in existents, especially ha roped te the
periods at which the capital of the amiciatioe wee ;midair.
After providing for the current ermines, including Babb-
pea and directors' allowances, and write"; off the whole ed
the preliminary expenses and carrying famed a rebate iff
interest at the rate of 7 per mat. per annum oe Issas net
due, them remains a clear profit of 7.13,7651. Is. 7d. Oath
this ma the directors propose to pay to the shareholders a
divideed equal in amount to interest at the este of 5 per
eass per annum on the amounts of capital paid sp, with a
beaus at the rate of 10 per cent. per sonnet, hag( together
18e. per share, free of income au, and to carry forward a
balance of 10,210 f. Is. 7d. to the oast half year.
The following is from the fifteenth report of the
directors of the National Discount Company (Li-
mited), to be submitted at the general meeting on
the 20th inst. Thei results shown are highly satis-
factory :
The directors have pleseare in submitting to the share-
holders the asocauts for the half-year radium 31st December
last, from which it will be sees that the gross profit his
amounted to 73,8401. 12s. 4d., and that, after providing for
the current expenditure, directors' sad auditors' remnaera-
ties, income tax, Ac., and reserving 32,7721.45. 10x . ter rebate
of interest on bills not yet des, there amass for appropria-
tion the sum of :14,0871, ls. lid. The directors recommeed
the payment of a dividend at the rate of 10 per oat. per
slam.. which will absorb '30,0001.. and that the balance of
15,0a71. Is. 11d, be carried to the reserve fund, which, with
accrued interest, will thee amount to 98,41191 1111. Id.
We are informed that the armegements for the
organisation of a company to be called the " Lon-
don Credit Foncier (Limited)," are nearly com-
pleted, and that the names of the directors and offi-
cers will be published in a few days.
The subscription list of the Kumaon ai..l Owls
Plantation Company will be closed to London
applicants on Friday, the 22nd inst., and for the
country on Saturday, the 23rd.

FIUDAY Emma.

Consols opened and closed to-day at yes-
terday's quotations, viz., 902 to 4 for mosey,
and 91 to for the 4th of February.
The official business report is we follows ;—Three
per Cent. Consols, for money, 902, 2; ditto for ac-
count, 91, ; Three per Ceuta. Reduced, 901,1,1;
New Three per Cents., 901, ;
Stock, 237 ; India Stock, 218; ditto Five per
Cent. Stock, 1062, ; ditto Four per Cent., 100 ;
ditto Four per Cent. Debentures, 1866. 992 ;
ditto Bonds, par ; Five per Cent. "entered " rupee
paper, 104.
Indian government securities were dull. Ex-
chequer Bills have fallen to 61. to 21. die.
In the foreign stock market the principal features
were a fall of 1, per cent. in Greek Bonds, and a rise
in Mexican and Spanish Passive Bonds and Cer-
tificates. The variations in other stocks were not
of importance.
The shares of the financial associations were in
request and better. London and Financial closed
at 12 to 1 prem. ; International at 41 to a Frew. ;
and General Credit at 21 to 3 prem.
Land Mortgage Bank of India shares were
lastquoted 2to 21 prem. ; Mauritius Leant Credit,
1 to 14 prem. ; Anllo.ltalian Bank, 11 to 1*
prem. ; Mercantile Credit, 3 to 3* prem. ; West
India and Pacific Steam, l 4 to 2 prem. ; Aus-
tralian and Eastern Nasigatioa, 12 to 21, prem.;
Contract Corporation, 21 to 1 prem. ; Consoli-
dated Discount, to prem. ; Tamar and CalliLgton
Railway, to 1 prem. ; Mercantile Discount, Ito
2 prem. ; British and Foreign Contract, 14 to 2
prem. ; Financial Corporation, 1 to 2 prem. ; and
International Racecourse, 1 to 14 prem.

MIXER.-(TRIG DAYJ

Two o'CLvic.

There is not very much business in the mining
market to-day, as usual on Saturday, but the tone is
firm, and the tendency of prices upwards. Chiverton
snares are better at 1J to Clifford Amalga-
mated at 37} to 38i, sad Best Caradoo at 26i
to I. West Chiverton are gooted 64 to 56.
Yudanamntana shares hays improved, and Don
Pedro are inquired for. Other descriptions are
steady.
We are informed that the lumber of shares
applied for in the Otea Copper Minima Company
is quite sufficient to enable the director* to pro-
ceed to allotment. _ _

A further rise of s'. per ton took place yesterday
in the price of copper. Present quotations are re-
ported as follows by Marra. Sims, Willyams,
Naval, and Co. :—Manufaetured copper, 1201. pee
ton ; tough cake and tile, 1131. ; best selected,
1161. ; yellow metal, 100. per lb. ; sheathing
nails, 12Id.
The subjoined weekly summary of the metal
market is from the circular of Messrs. Von
Daclelszen and North : .

The metal market is not quite so active, but prices re-
main very firm, and holden Inn by no mane peering to
effect sales. Iron.—The Welsh hoe trade is in a soiled
positioo, and first class makers have so difficulty is obtaining
SI. for hers, f.o.b. in Wales. The pence free on board here
is 91. Rails are in demand, and Al. net cash at the works
is the nearest quotation. Staffordabire iron firm at the
late advance, and it is with difficulty that the leading
makers have stopped • further advance. B:otch
pig iron has had numerous alight fluctuates',
closing at 6fis. 3d. cash and Gite. three mouth, apes.
Copper.—A large business continues to be done. There are
buyers at full prices, but smelters are not sellers, and •
further advance is daily expected. Tio.—Tbe market is
quiet ; sellers of Straits for cash, 130 e. and 129 a. : three
months, a sale of Billiton, reported at 12Ce. ; English
quiet, but steady. Tin Plate in good demand, and full
prices paid. Spelter—A large business has been dose
during the last few days, and lower prime have been sub-
mitted to. the UM sales being at 211. 10a, and for March
211. ISP. The market today is firmer. P.S. Corer ad-
vanced to-day W. per ton.