The Express.
London, England, 1864-10-13 00:00:00

MONEY MARKET,-(THI8 DAY.)

Two o'Ozoow.

The funds are better to-day, being strengthened
by investments. Consols have risen 11 per cent.
Home railway stocks are likewise in demand and
buoyant, the half-monthly settlement having made
satisfactory progress. Foreign bonds, however, show
DO improvement, and scarcely any recovery has
taken place in banking, financial, and miscellaneous
I shares.

77

_id

-
1111

K-

1011

The weekly court at the Bank of England has
broken up without altering the rate of discount.
The demand for money to-day is moderate, and
the supply good, yet there is no disposition to dis-
count first clams three months' biWs below 9 per
cent. There is little inquiry in the Stock Exchange
for abort loans on English government securities,
and the rate has declined to 5 to 6 per cent.
At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent, /lentos opened at
65fr. 10c., being sc. lower than yesterday. The
telegram states that "an advance in the rate of
discount of the Bank of France is expected."
Consols are now quoted 88 to 1 for money,
and 881 to for the account (Nov. 10). The
official business report is as follows :—Three per
Cent. Consols, for money, 881, 88 ; ditto, for
account, 881; Three per Cents. Reduced,
861, 1 ; New Three per Cents., 861, 1,
86,1 ; Bank Stock, 235, 237 ; India Stock, 212 ;
ditto, Four per Cent. Debentures, 1866, 97 ;
Exchequer Bills, March, lls., 7s. dis. ; ditto June,
18s., Zia. dia.

Foreign stocks are dull. Turkish Consolides,
Spanish Certificates, and Mexican Bonds have de-
clined 1 percent Some of the present quotations
are annexed :—Greek, 221 to ; Mexican,
26 to ; Confederate, 52 to 56 ; Spanish
Passive, 30/ to 1 ; the Certificates, 13i,
to If ; and Turkish Consolid6s, 481 to I.
Transactions are recorded as follows :—Egyptian,96;
Italian, 651 ; Mexican, 26 ; ditto for account, 261,-
I ; ditto 1864, 241, ; Portuguese, 1856, kc., 46:1;
Russian, 1359, 531 ; ditto 1862, 87, 861 ; Spanish ,
Passive, 301 ; Turkish, 1854, 871, 881; ditto for
account, 881, ex div. ; ditto, 1858, 68 ; ditto for
account, 68/ ; ditto, 1862, 69, 70, 69 ; ditto, 1001.
Bonds, 69i, 69 ; Venezuela, 1864, 43k, I.
International Financial shares are now quoted
1 to prem. ; London Financial, 51 to 61
prem. ; General Credit, 2 3-16 to 5-16 prem. ;
Imperial and Mercantile Credit, 11, to prem. ;
Hudson's Bay, 141 to 15/ ; Ottoman SocioStit Gdnb
rale, 1 to 1 prem. ; and Anglo-Egyptian Bank, 1
to dis.

Tmr Mnerris Pin Two o'CLomr.
Consols are again I per cent. better, at 881 to
for money, and 88} to f for November.
4,0001. in gold was sent into the Bank yesterday,
making 196,6001. for the week, while only 20,0001.
has been withdrawn for exportation. What amount
in coin has been taken for the provinces will be
shown by the coming return.
The City of London and Borussia are bringing
84,0001. in specie from New York.
The failure is announced of Mr. Louis Spelts,
a large cotton dealer, of Liverpool. His own
acceptances represent about 250,0001., and his
endorsements and engagements on other bills
about 70,0001., making a total liability of 320,0001.
Of the 70,000/., however, not more than 50,000/.
is expected to rank upon the estate. The assets
are described as uncertain. The books bare been
placed by the creditors in the hands of Messrs.
Kemp, Ford, and Co.
Masers. Bendir and Co. merchants and commis-
sion agents, of Mark-lane, have stopped payment,
"in consequence of heavy losses by bad debts and on
produce." Their liabilities amount to about 25,0001.,
a portion of which are secured. Nothing reliable
with respect to the assets can be stated at the mo-
ment. Mr. S. Lowell Price, the accountant, will
investigate the books.
A meeting of the creditors of Messrs. Westall
Brothers has been held in Manchester. Their
liabilities represent 93,2141. and assets only 19,9021.
It was decided that the estate shall be wound up
under a deed of assignment
It is understood that the Stock Exchange Com-
mittee, determined to uphold the rule which pro-
hibits the members from carrying on speculative
transactions for clerks without the knowledge of
their principals, are taking measures to ascertain
the channels through which the lerge speculations
of Thornley, the fraudulent cashier of Mr. A. Salo-
mons, of Old Change, were conducted. A large
number of the speculative operations of the forger
were carried on through dealers in the mining
market and outside brokers who are not amenable
to the jurisdiction of the Stock Exchange, but it is
believed that some member or members of that
establishment were concerned in them. The com-
mittee have of course only the one object of ad-
ministering their laws impartially and without re-
spect of persons.
The London and North Western Railway traffic
return shows this week an increase of 9,9651. over
last year ; the London and South Western an in-
crease of 2,6951. ; the Great Northern an increase
of 4,429/. ; the Great Western an increase of
7,2591. ; and the Great Eastern an increase of
1,6771.
The share certificates of the Merchant Shipp;ng
Company are now ready for delivery in exchange
for the bankers' receipts.
The preparations yesterday for to-morrow's set-
tlement in the Stock Exchange showed that
a considerable number of the recent sales of
financial and miscellaneous shares have been

merely speculative, and that they have been
met, to a certain extent, by investments by
the public. Thus the floating supply of Interna-
tional Financial, General Credit, National Discount
and Millwall Iron Works, shares was limited.
Among the other securities which carried scarcely
any " coutango," was the Confederate Loan. In
the foreign stock market, money was wanted in the
morning, and rates of "continuation" varying from
12 to 18 per cent. were charged in many cases by
the dealers, but somewhat easier terms were occa-
sionally quoted in the afternoon. The rates gene-
rally current at the close of business were as fol-
lows :

per cent.
Gnat Weskits Railway stock 5-16 to 7.16 cont.
Lancashire sod Yorkshire i to
Loodon and North Western 7.16 to 9-1.1 ::
Midland to n
•
Great Northern,•
to
Metropolitan 7-111 to 91 "
South &earn 6-16 to 7.16 ~
Sheffield
North Eto
astarn : Boma I ..
Ditto York (to .9
North British
Great Easton
Great Western of Canada 9d. to ls. 6d. „
Erie ls. to 2e. „
Illinois Central, paid up
Luxembourg ll to 13 p.a.
Sambre and Mews ll to 13 p.a.
General Credit

Hadaon's Bay
lotoroatiol 64. to h. „
Confederate Lou 1 back to AOf
reek G 3-..! to 5- „
Maximo _ to

Ditto. 1864 to t '
Spaniel' Peseivo l.ll to a 3-1
n
Ditto Certificates l-16 to
Turkish Coneolidee
Veoeenele, 18ea
I 1: n
United States 5-20 Bonds

WIDXIIBDAT Emma.
Consols, which closed yesterday at 88i to 4 for
the 10th Nov., opened and closed to-day at the
same quotation, after temporarily touching 88} to
I. For money the last pnoe was 874 to 88. The
official business report is as follows :—Three
per Cont. Consols, for money, 88, 83,
884, ; ditto, for account, 884, t ; Three
per Coats. Reduced, 864, 86 ; New Three
per Cents., 864, 86, ; Bank Stock, 237,
235 ; India Five per Cent. Stook, 10i, 104

ditto Four per Cent. Debentures, 1866, 97+; ditto
Bonds, 12*., 7s. dm. ; Five-and-a-Ban per Cent.
" sawed* rupee paper, 1014.
The India Five per Cent. Stock was steady.
India Bonds were dealt in at 12s. to 7.. dinlb.
March Exchequer Bills were quoted lls. to 6s.
dia., and the June 255. to 15s. dis., showing no
change of importance.
In the foreign stock market the principal line-
tuation was in the Confederate Loan, which, after
closing yesterday at 50* to 51f, opened this morn-
ing at 50 to 63, and thence rose to 65 to 60. The
recovery was attributed to the receipt from Liver-
pool of orders to buy—it is believed to close a ups-
' culative account. The final quotation-63 to 55
wee 2 per cent. above that of yesterday. Many
other stocks in this department were firmer.
Russian Old Five per Cents. improved 1 per cent.;
the Russian Loans of 1850, 1862, and 1864, i ;
Mexican, ; Portuguese and Spanish Three per
Cents., ; and Turkish Consohcles and Spanish
Certificates, per cent. Turkish Bonds of 1858
and 1862 were rather flatter, declining per cent.
Hudson's Bay shares were steady at 141_to
and Egyptian Trading at to prem. National
Discount were rather firm, at 70- to 70 prem., and
Joint Stock Discount flat, at Ito dis. Canada
Land, Australian Mortgage, City Offices, Conti-
nental Union Gas, Ocean Marine Insurance, Uni-
versal Marine, and Panama Royal Mail Steam
shares were all heavy. There were inquiries foe
National Financial shares.

The shares of the financial companies were
steady, owing to the absence of pressure at the
settlement. Imperial Mercantile Credit declined
Os. 61, but other descriptions closed as good as yes-
terday. The closing Tto
notations are annexed, viz.:—
International, Ito I prem. • General Credit, 2
prem. ; London loaned, se to 6 prem. ; l-
mpanel Mercantile Credit (amalgamated), 1} to 1
prem. ; and Credit Fonder and Mobilier of England
(amalgamated), 2L to 21 prem.
Anglo-Egyptian Bank shares closed at to 1
dia. ; and Ottoman Sociini Gin6rale, at to
1 prem.
The new shares in the Alliance Bank are now
25/. paid, and in every respect identical with the
old, with the exception of three mouths interest
(2s. 61.) on the last call of 51. per share. After the
general meeting there will be only one class of
shares. The present quotations for the new shares
is 2/. below the old.

A fresh fall of 1 to 4 per cent has taken place to-
day in Canada Government Debentures.

Miit«Tiiatili:iiiii;;;idsWeW4tiOted 464 to
4n.

MINES.-(THIS DAY.)

Two o'Cloow.
There is very little business in the mining market
to-day, apart from that connected with the fort-
nightly settlement, and prices generally are un-
changed. Great Vor and 'Wheal Grenville
shares, however, are firmer-the former at
29 to 30, and the latter at 5} to 61. East
Grenville are quoted 71 to }, and Wentworth
Consols, 6 to 8. In the Stock Exchange, North
Basset shares have been dealt in at and
West Caradon, at 5.
Foreign and colonial mining shares are quiet,
at the closing quotations of yesterday.
The following meetings were held at Salisbury
I yesterday :-The East Caradon accounts showed a
I profit on the quarter of 5,2891. as. 3d. ; a dividend
of 17s. per share was declared, and 661. 15s. 3d.
added to the balance carried forward, which now
stands at 1,7221. 78. 3d. At Marie Valley a divi-
dend of ls. 6d. per share wee declared, and
6721. 4a. 9d. carried forward to next account ; the
assets over liabilities, after payment of dividend,
represent 1,2881. 15s. 10d. At West Rose Down
the accounts allowed a balance in favour of the
mine of 511. Bs. skl. ; a call of 17s. &I. per share
was made. At Cara Camborne the accounts
showed a balance in favour of the mine of
1001. 9s. 6d. ; a call of 2a. per share was made.
At the West Caradon Mine meeting, held in
London yesterday, the accounts made up to June
showed a credit balance of 1,8111.
At Bedford United general meeting, held in Lon-
don yesterday, the accounts showed n balance in
hand of 6481. ss. 7d., and an estimated balance in
favour of the mine at the next meeting of 4251.
9s. 9d. ; a dividend of 2s. 6d. was declared.