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

MONEY MARKET.-(THIS DAY.)

Two o'Ocoac.

The stock markets to-clay are decidedly firm,
without any important movement in prices. The
funds remain at yesterday's quotations. Two or
three of the speculative foreign securities are
slightly better. Home railway stocks are strong,
with a steady demand ; the chief movement to-day
is s fresh rise in Midland and Great Northern.

The demand for money continues moderate, and
the supply large. The rate for good three months,
bills is 51 to 51 per cent., and for loans in the
Stock Exchange from day to day on government
securities, 34 to 41.
At Paris to-day, according to Mr. Renter's
telegram, the Three per Cent. Rentee were quoted
661 r. 15c., showing no alteration.
Consols are now quoted 90/ to f, ex div., both
for money and to-morrow's settlement, and 90i
to 1, ex div., for the new account. The official
business report is as follows:—Three per Cent.
Consob, for money, 901, f ; ditto for account, 901,
; Three per Cents. Reduced, 89k, 1; New Three per
Cents., 1; Annuities, 1885, 14 9.16, ; Bank
Stock, 2371, 239 ; India Stock, 214 ; ditto Five per
Cent. Stock, 104$1 ; Five per Cent. "enfaced " rupee
paper, 1044, 1051 ; Exchequer Bills, March, Bs.,
38. dia.

Foreign stocks are firm. Mexican Bonds are
rather better, at 441 to 45, or 29 to "ex all!
Spanish Passive are 1 better, at 293 to ;
Turkish of 1858 better at 701 to 71 ;
ditto of 1862 steady, at 68 to 69 ex div. ;
and the Consolidgs higher, at 501 to 1.
Confederate Bonds are firm at 671 to 681,
and Greek steady at 251 to 3, Trans-
actions are recorded as follows : Brazilian,
1863, 871; Dutch Certificates, 99/ ; Egyptian, 1021 ;
Greek, for account, 251; Italian, for account, 671, /,
ex div. ; Mexican, for account, 44/ ; Moorish,
941 ; Peruvian, 1862, for account, 831, ex div. ;
Portuguese, 1856, rte., 471, 48, ex div. ; Rus-
sian, 1862, 871, 88 ; ditto, 1864, scrip,
41, 3 prem. ; Spanish Passive, for account,
291, ; Turkish, 1858, for account, 703 ; ditto
1862, 1001. Bonds, 69, ex div. ; ditto Guaranteed,
1091.

International Financial shares are now quoted
54 to 4 prem. ; General Credit, ai to i prom. ;
London Financial, 124 to 13 prem. ; Imperial and
Mercantile Credit, 24 to 3 prem. ; Hudson's Bay,
174 to 4, ex div. ; Ebbw Vale, I to 14 prem. ;
Ottoman Soci4t6 Generale, 2 to 4 prem. ; and St.
NiZaire, 1} to 14 prem.

The City of Washington has arrived from New
York with 204,0001. in specie.

There is still an almost entire absence of demand
for silver for the East, and the market is very flat,
at ss. lid. per ounce for bars. Some of the mer-
cantile letters from India state that the enormous
supplies of silver which have been despatched from
Europe for some years past are believed to have
been to a large extent hoarded by the natives all
over the country, partly from a want of confidence
in the stability of tho government. This distrustful
feeling, however, appears to be gradually disappear-
ing, and their material position has been greatly
improved by the European demand for cotton. It
is mentioned as a new feature that many of the
natives in the interior are now sending silver to
Calcutta, Bombay, and other points of the coast,
and making investments in securities.
The bidding' for 30,00,000 rupees (300,0001.) in
bills on India took place yesterday at the Bank of
England. The proportion allotted were to Calcutta,
16,32,000 rupees ; to Bombay, 12,00,000 rupees ;
and to Madras, 1,68,000 rupees. The minimum
price was as before, viz., ls. 11 per rupee on
Calcutta and Madras, and ls. on Bombay.
The applications within the limits amounted to 171
lace (1,7100001.) Tenders on Calcutta and Madras
at is. 11}8. will receive about 31 per cent. ; on
Bombay at 25., about 24 per cent. ; and all above
these prices in full.
A Madrid newspaper, received yesterday, mentions
the arrival of the Emperor Maximilian at the city
of Mexico on the 10th ult., when he is stated to
have had an enthusiastic reception. The news
purports to have been received rid Havannab.
The London and North Western Railway traffic
return shows this week au increase of 8,261/. over
last year ; the Great Eastern an increase of 2,657/. ;
the Great Western an increase of 3,5221.; and the
Great Northern au increase of 4,8601.
The holders of the securities of the Atlantic and
Great Western Railway will be gratified to learn
that the present advice. froin America announce
the important fact of the completion of this railway.
The event is evidently regarded with great interest
in America, and a considerable portion of the space
of some of the journals is taken up with a congra-
tulatory sketch of the progress of the company, the
present favourable position of which is mainly due
to the untiring exertions and financial ability of
Mr. James M'Henry, powerfully supported by the
energy and skill of Mr. T. W. Kennard, the en-
gineer. . .

A new undertaking called the West Birming-
ham Railway and Canal Company is announced.
The prospectus mentions that " This company
has been formed for the purpose of giving to
the inhabits-As of the populous districts on the
western side of Birmingham, including liar-
borne and Belly Oak, the railway accommo-
dation of which they are at present depri►ed,
and which is so much needed : to provide a better
access to the town for the large and important traffic
coming from the south-west by way of King's Nor-
ton ; and also by means of a branch to the Stour-
bridge Extension Railway to bring the important
coal fields of East Worcestershire into immediate
connection with the best depot for that mineral in
Birmingham, viz., the Worcester wharf." It is
posed to construct these lines in connection with the
Worcester and Birmingham Canal, and thus at the
same time to secure the facilities afforded by that
canal for entering Birmingham, and the possession
of a goods station and wharves of about fifteen
lacres iu the centre of the town. The Canal Com-
pany is eventually to be merged into the new
undertaking on terms described in the prospectus.
The company's capital is 400,0001., in 16,000 shares
of 251. each. The direction comprises a number of
names well known in the district.

At a special meeting of the East India Financial
Association, held yesterday, it was resolved to
place the undertaking under the "Companies Seals
Act" of the present session.
The second ordinary meeting of the Midland
Banking Company (Limited) is convened fur the
22nd inst., when a dividend is to be declared.
The meeting will afterwards be made special, to
pass certain resolutions, copies of which have been
forwarded to the shareholders. A call of U. is to
be paid on the shares in this undertaking by the
2nd of August.

The hall-yearly meeting of the shareholders of the
Union Bank of Ireland is called for the 22nd inst.,
when a dividend is to be declared.

The applications for the 26,500 shares of the
Ottoman Socidte Gdmirale, reversed for subscrip-
tion here represent • total of about • quarter of a
million. The list was closed yesterday afternoon.

With reference to the market for American secu-
rities, Mr. E. F. Satterthwaite reports as follows :
There has been ownperatively little business in the
London market for American securities sine our last. In
United States goverement securities we have to record a
fall of 3 dole in the 5.20 Bonds, but this decline scarcely
represents the relative nine of the bonds in this and the
New York markets, as the Let prise we have by telegraph
(1051), taking exchange at 236, would make them worth
only 44 here ; thus leaving a wide margin for expenses and
profit on importation, our last quotation being shout 43.
Railroad bonds are trmlected, and.quotationv are little more
than norainaL Is shares, Brim, in the abase. of busies's.
=abstain their price. Illinois are mow quoted 39 to 37
discoast, dividend of four pa mot., which, allowing for
egebaama, shows a decline of about one per mat.
The mails from Calcutta, Chins, and Australia,by
the English steamer, are expected to be distributed
in London about the 14th inst.
The Edinburgh, for New York, will call at

[ Queenstown to-day, and messages will be receive/
at any of the Electric and International Telegraph
Company's OS OM in London up to 3.30 p.m.. and
in the provinces up to 3 p.m. The Europa, for
Halifax and Boston, will call at Queenstown on
Sunday, July 10, and messages will be received
until the same hours.

Emma
Console, which closed yesterday at 90* to 4,
both for money AO Friday's settlement, opened
this morning at the same quotation, and c:osed 4
90f to 4. The official business rep-rt is as follows :
—Three per Cent. Consols, for money, 904, * ; ditto
for account, 904, ; Three per Cents. Reuced,
894, 4 ; New Three per Cents., 894, ; Annuities,
1365, 144 ' • Bank Stock, 237, 239 ; is Stock,
212, 215; ditto Five per Cent. Stock, 1048, ;
ditto Bonds, 10s. dis. ; Four per Cent. "
rupee paper, 944 ; ditto Five-and-a-Half per Cent.,
1154, 115.
Indian Government securities remain very steady.
Exchequer Bills are still quoted Bs. to 3e. dis. tha
March, and ss. die. to par the June.
In the foreign stock market firmness prevailed.
The closing (but in some cases merely nominal)
quotations for shares in new undertakings are
enjoined, via : International Land Credit, 24
to prem. ' • Millwall Iron Works, die. to per ;
1 ian Land, par to prem. ; Ebbw Vale
p!° y, to 14 prem. ; York-street Flax Spinning,
4to 1 prem. ; Ottoman Socidtd Gdnerale, 2 to 9*,
prem. ; Egyptian Socidtd Agricole, to prem. ;
and St. Nazaire Company, 14 to 14 prem.