The Express.
London, England, 1864-06-23 00:00:00

MONEY MARKET.--(THIS DAY.)

Two o'Cwoi.

The more favourable political rumours put in
circulation yesterday afternoon, and which then
caused a recovery in prices, remaining wholly
unconfirmed to-day, and it appearing, on the
contrary, that the Conference threatens to
come to a close without any good result,
the stock markets are to-day depressed, and
prices have relapsed. The funds have fallen per
cent., and most other securities are weaker, espe-
cially the speculative foreign stocks. Home railway
stocks are comparatively steady.
The discount market is rather quieter to-day,
but no transactions appear to have taken place
below 6 per cent. The demand in the Stock
Exchange this morning was good, at the Bank
minimum, but, the supply of money having in-
creased, the rate has declined to 4} to 5 per cent.
At Paris to-day (according to Mr. Reuter's
telegram) the Three per Cent. Bente* opened at
65fr. 87c., showing no change of importance.
Consols are now quoted 898 to 2, ex div.,
for money, and 84 to 90, ex div., for the account
(July 8). The official business report is
as follows :—Three per Cent. Consols, for money,
898, I ; ditto for account, 898, ; Three per
Cents. Reduced, 888, f ; New Three per Cents.,
888, ; India Stock, 236, 237 ; ditto Five per Cent.
Stock, 1018, ; ditto Four per Cent., 998 ; ditto
Bonds, ss. dia. ; Exchequer Bills, p►r, se. dis, se.
prem.

- Foreign stocks are generally lower than yester-
day, though now quoted in several instances
somewhat above the worst point in the morn-
ing. The fall in Mexican, Spanish Passive,
and Turkish Bonds of 1862, is per cent, in Greek
1, and in the Consolidds 4 per cent. Some of the pre-
sent quotations are annexed, via. :—Turkish, 1858,
Loan, 694 to ; ditto, 1862, 704 to 4 ; ditto, Con-
solid6s, 471 to / ; Mexican, 43 to 4 ; Greek, 23 to 1;
Spanish Passive, 281 to I; and Confede rate,62 to 65.
Transactions are recorded as follows :—Brazilian,
1863, 87 ; Egyptian, 1011 ; ditto second issue, 1014;
Greek, 221,231; ditto Coupons, 91 ;ditto foraccouut,
10 ; Italian, for account, 69 ; Mexican, for account,
42/, 43, 421, 434 ; Portuguese, 1856, &c.,
484 ; Russian, 1862, 87, 1 ; Spanish, for
account, 521, 531 ; ditto Passive, for ac-
count, 284, I; i ; ditto Certificates,
for account, 10 ; Turkish, 1838, for account, G9l,
; ditto 1862, for account, 701, 70, 4 ; Venezuela,
1862, for account, 56.

International Financial shares aro now quoted
41 to 6} prem. ; General Credit, 2} to a prem. ;
London Financial, 11 to prem. ; Imperial and
Mercantile Credit, 2to prem. ; and Hudson's
Bay, 181 to I.

Fov O'CLOCL.

Consols are still quoted 89j to i, ex div., for
money, and 891 to 90, ex div., for the account.
18,000/. in gold has been withdrawn from the Bank
for exportation.

No gold was withdrawn from the Bank yesterday
for Paris or Spain, the arrivals from America and
Australia meeting the immediate requirements of
exporters.
The steamer Etna, from New York, has brought
45,0001. in specie, which will be sent abroad, the
foreign demand being still strong.
The amount of bills on India for which tenders
will be received at the Bank of England on the 6th
of July, will be rupees 30,00,000 (300,0001.)
The committee of the Stock Exchange have
appointed Monday next a special settling day in
the shares of the following companies :
Linden Provincial Malian insurance (sew shares) ;
wall Irms-work,, &a. (Limited) ; and the Otago and South-
land Investment (Limited). All are to be officially marked.
lelthe last-mentioned instance the settlement officially ap-
plies to transactions entered into on and after the 4th May.
We are informed that an arrangement on equit•
able sod satisfactory terms has this day been pro-
visionally concluded for a fusion of the capital
and business of the London Bank of Scotland with
the Mercantile and Exchange Bank. The goodwill
of the former bank will be transferred to the Litter,
whose London board will be strengthened by the
addition of five of the present directors of the
London Bank of Scotland, and its nominal capital
is by these arrangements to be increased to
4,000,0001., of which 800,0001. will be paid up.
At a meeting of the directors of the London and
Provincial Marine Insurance Company, held yester-
day, it was resolved that a dividend at the rate of
10 per cent. per annum be paid to the shareholders
for the half-year ending June 30.

Notice is given that -a
dividend of 13s. per share
will be payable on the shares of the Hudson's Bay
Company on the 13th of July.
The half-yearly meeting of the shareholders of
the London and Brazilian Bank is convened for
the 4th of July.
A special meeting of the British and Foreign
Marine Insurance Company (Limited) is called for
the 28th inst., at Liverpool, to empower the direc-
tors " from time to time to declare dividends out
of the profits of the company without the previous
sanction of the general annual meeting."
The annual meeting of the Netherlands Land
Enclosure Company (Limited) is to be held on the
21st of July.
An extraordinary meeting of Silver's Indiarubber
Works and Telegraph Cable Company (Limited) is
called for the 30th inst., to sanction the increase of
the capital by 500,0001., in new shares of 50/. each,
and to change the name of the company to "The
Indiarubber and Cutts Percha and Telegraph
Works Company (Limited)."

The Londiin 13aUk of Me'zico and South America
have removed from Cornhill to their new offices at
No. 16, King William-street.
A petition for the winding rp of the Rolling
Stock Company of Ireland (Limited) is to be heard
before Vice-Chancellor Wood on the 2nd July.
The letters of allotment of the Reading Iron
Works Company (Limited) were issued on the
21st inst.

The interest due the Ist pro:. on the Melbourne
and Hobeon's Bay Railway Company's debentures
is advertised for payment in due course.
The crown agents for the colonies have advertised
the half-yearly interest due the Ist July on various
colonial government securities.
With reference to the market for American
securities, Mr. K. F. Batterthwaite remarks as
follows :
We have had but very little demand for American
securities in the London market since our leak The high
rate of exchange reported from New York has militated
against the price of all classes of Bonds. United Stake
5.20's hays given way about 4 per Dent.: the quotations for
nulroed bonds me quite nominal. Illinois shares have been
promod for sale at a decline of 1 doh per share.
Information was received yesterday at Lloyd's of
the safe arrival at Colombo of the Lizzie and Kate,
which left the Dowue on the 28th of October, and
was presumed to have been lost iu the Channel in
the November gales. At Lloyd's as much as 80
guineas premium had been paid to effect fresh
insurances.

The mails from Calcutta and China are expected
to be distributed in London about the 30th lust.

WEDIMBDAY EVINDIG.

Consols, which closed yesterday at 90 to 1 ex
div. for the Bth of July, opened this morning at
891 to 90, fell to 891 to I, and bad risen at the
close to 901 to For money the last price was
891 to 90, ex div. The official business report is as
follows :—Three per Cent. Consols, for money,
890, I, I, I ; ditto for account, 891, 90, 891, 901 ;
Three per Cents. Reduced,BBl,j, ; New Three
per Cents., 881, ; India Stock, shut ; ditto
Five per Cent. Stock, 1041, 104, ; ditto Four
per Cent., 991 ; ditto Bonds, 14s. dia. ; Five per
Omit. "enfaced" rupee paper, 1041 ; ditto Five-
and-a-Half per Cent., 1141.
Indian government securities present scarcely
any variation. India Bonds were dealt in at 14e.
dia. The March Exchegner Bills remain at Bs. to
3s. dis., and the June at ss. dis. to par.

3

The foreign stock market was heavy in the morn-
ing, showing especial depression towards the middle
of the day, but a decided recovery subsequently
took place, in answer to that in Consols, and the
tone at the close was comparatively steady.
Bauk shares were heavy, with the exception of
London and South Western Bank, which improved
slightly. Continental Bank, English and Swedish,
Brazilian and Portuguese, Consolidated, Loudon
Chartered Bank of Australia, London and Colonial,
London Joint Stock, London and South African,
London and Hamburg, and South Australian Bank,
were all quoted rather lower. Imperial Ottoman
Bank shares, after falling to B rem., closed about
the same as yesterday at 84 to 84 prem.
Hudson's Bay shares closed at yesterday's quo-
tation-181 to 19, and Egyptian Trading at 21 to
21 prem. Discount Corporation shares declined
11. ; Financial Corporation, Ocean Marine In-
surance, and Telegraph Maintenance, were also
heavy. Electric Telegraph stock was inquired for.
The shares of the financial companies were dull
during the earlier part of the day, but closed
more steadily, at yesterday's prices. International
Financial were marked at one period 44 prem.
General Credit and Imperial and Mercantile
Credit have slightly improved. The closing
quotations are annexed, viz. :—lnteruational,
sto prem.; General Credit, 24 to 34 prem. ; Lon-
don Financial, 114 to 1 prem. ; Imperial and Mer-
cantile Credit (amalgamated), 21 to prem. ; Credit
Mobilier, 21 to 31 prem. ; and Credit louder, 8
to 9 prem.
The closing (but in some cases merely nominal)
quotations for shares in new undertakings are
subjoined, viz.: International Land Credit, 11
to 24 prem.; Imperial Bank of China, 1 to 04 dis. ;
Millwall Iron Works, 4to 1 prem. ; Chamonix
Hotel, 1 to 14 prem. ; Italian Land, 1 dia. to
prem.; Channel Steam, 1 to 2 prem.; York-
street Flax Spinning, 1 to 14 prem. ; Halcomb and
Co., 1 to 14 prem. ; and London and Southwark
Insurance, to I prem.

MIN 10).-(TilliS DAY.)

Two o'Cioca.

The mining market continues inactive, with little
business, and prices generally are unaltered. East
Lovell and Wheal Grenville shares are flatter;
the former are now quoted 18 to 18i, and the
latter, 7to ; East Grenville are called 5 to I ;
Wheal Seto°, 225 to 230 ; and Great Vor, 31i to
32i. Very few transactions have occurred in the
Stock Exchange.
Yudanamntana shares bare declined, other
colonial, as well as foreign mines, being quiet.
At Caradon Consols meeting, held yesterday, the
accounts showed a debit balance of 251. A call of
12s. 6d. per share was made.
At North Downs meeting, held yesterday, the ac-
counts showed a debit balance of 96/. A call of
2a 6d. per share was made.
A telegram was received yesterday from the agent
of South Caradon Wheal Hooper, stating that a
new lode has just been intersected in the Z. 14 fathom
level crosscut, containing good stones of ore.

COMMERCIAL AND MARKETS.