The Express.
London, England, 1865-10-27 00:00:00

THE V/CPRESS; 111RrbAT ITIENTICG, OCTOBER 27, 1865.

ending Wednesday, Oct. 25, compared with that r
for the previous week, shows the following changes :
Oirealatica Inas ....-.- £27,061.150 herein 2400.310
Oironlation active 21,819,900 DOCITOOMI 498,340
Public depoOke
Other deposits 13,279,932 Doran 733,682
Government securities in
banking deptraat
Other escuri in bealdng
department 20,003,638 Deeressel,443,64s
Oott sal bullion In both
departments
Seven day sad ether bMs 880.345 Dearls,B6B
The Rat 1.184,009 Imre= 10,411
Notes In revs m
Total reserve (notes /Cain)
le bastiag department
This return denotes a decided improvement in the
Bank's position. The repayments of loans and ad-
vances have camped the further important diminu-
tion of 1,443,6451. in the private securities, and, as
only about one-half of the sum obtained by the
Bank under this head has been taken back into cir-
culation through the withdrawals (amounting to
733,6821.) of private deposits, whilst there has also
been a gain of 204,3301. in the government deposits,
the reserve presents the important increase of
927,6951., by which the total (notes and own) is
raised to 6,049,3131. There is at the same time the
satidactory increase of 429,2661. in the coin and
bullion, and as this tallies almost precisely with the
amount (438,0001.) of imported gold sent into the
Bank during the week, we may infer that the ex-
traordinary absorption of coin in the provinces and
Ireland is at last ceasing.

MONEY NARILBZ—(111118 DAY.)
Two o'Cloos.
The Stock Exchange is closed to-day, owing to
the burial of Lord Palmerston, and no business is
consequently going forward in public securities.
There is very little demand for money, and the
quotation for good bills is unaltered, at 01 per cent.
Amongst the changes in the Bank of France re-
turn are a decrease of 13,3001. in the coin and bul-
lion, and of 762,0001. in the bills discounted.
The supply in the Stock Exchange being short,
applications are stated to have been made to
the Bank of England yesterday for a rather
considerable amount of advances till Tuesday next
at 7 per cent. This marks a decided change in the
state of the money market within the Stock Ex-
change, as compared with that experienced two or
three days ago, when only 3 to 4 per cent. was
obtainable on government securities.
The unexpectedly favourable character of the
Bank return was evidently not known in the Stook
Exchange yesterday, and from this fact it is to be
inferred, to the credit of the present management
of the Bank, that its secrete are kept much better
than they used to be a few years ago.
The half-monthly settlement in shares and foreign
stooks will commence to-morrow (" Continuation
day ") and end on Tuesday.
The Stock Exchange is expected to be shut,
according to custom, on Wednesday next, the Ist
of November, when the transfer offices at the Bank
of England will be closed, to allow the half-yearly
balance to be struck.
The amount of gold sent into the Bank yesterday
was 6,0001. The demand for the continent con-
tinues, and the 82,0001. brought by the insomnia,
from New York, has been taken for that quarter.
As the Royal Exchange will be closed to-day,
the business in foreign bills of exchange was trans-
acted yesterday. Short drafts on Paris continue in
demand, and were again quoted a trifle worse for
this country, whilst 3 months' bills on the same
city were less sought after. As regards the other
exchangm, the rates were much the same as on
Tuesday, being as follows :
Amsterdam, 3 asoatha, 12.241t0 ; ditto, 3 days, 11.191
10 12.01 ; RoMerdsm, arymeathe, 12.24 to i ; Antwerp, 3
mamba. .60 to 85 ; Bamberg, ms. lasso, 3 mean see,semee I 1.35,50,909
S 8
13.10. to 4 ; Pare, 3 days, 25.20 to 25 ; ditto. 3 mostim Oct. x 4 UAL W. MILLE% Chief CRAWL
25.50 to 60 • Frankfort.ce-the-Nsise. 3 mouths, 1214 to
1; Petersbtrgi, per rouble, 3 months, 30 to 4• . Thane THITIEDAT ZVIIMIO.
Off. ao., 3 reseths. 11.10 to 15 ; Trieste ditto, 3 mattbe, Cooed es ay % which closed terdat 89 to for
y
ILIO to 15 ; Madrid, 3 months. 471 ;WM 3 m
471 to 484 ; Leghorn, 3 month,. 25.71/ to 7I : Ossos. . the Bth November, opened this morning at the same
3 math; 25.70 to 71 ; Mika. 3 mouths, 25.70 to 71 ; quotation, and closed at 881 to 89. For money
Mules, 3 month; 25.70 to 71; Palsrum. 3 mouths, I the lest price was 881 to 1. The official business
25.70 to 71 ; Messina, 3 swaths, 25.70 to 71;
90days, 514 to 1 ; Oporto, 90 days, 51f to 1. report is as follows :—Three per Cent. Console,
for money, 89, 881, 89, 881; ditto, for account,
It s.ppeam that the Discount Bank for the Dana- . 89, i • Three per Cents. Reducedt_ 871.,11 •
bian Principalities will shortly be brought out by New 'Three per Cents., 871, 1 • New !
the Imperial Ottoman Bank. We are f nether in-; and-a-Half per Cents., 70/ ; Annuitiee, 1883, ;
formed that the concessionaires of the new bank at , India Five per Cent Stook, 106, 1041 ; ditto, Four
Bucharest have made arrangements with the Imp?- per Cent. Debentures, 1888, 981, 98 ; ditto, Bonds,
rial Ottoman Bank to take over their branches in 205. prom
the Principalities on terms highly advantageous to , Indian Oovernment securities remain quiet.
the latter. India Bonds were dealt in at 20s. to 245. prem.
The North Eastern Railway traffic return shows Exchequer Bills were unaltered, the March being
this week an increase of 4,1031. over last year ; the quoted se. to 2s. din, and the June 7s. to 3s. die.
Lancashire and Yorkshire an increase of 4,5781. ; the The foreign stock market was rather flat. There
Manchester, Sheffield, and Lincolnshire an increase oras a decline of} per °mt. in Egyptian Bonds of
of 1,4481. ; the London Chatham, and Dover, in-1 1884, and lin Mexican Spanish Pamirs and Car-
- Turkish Conmolid4y and Brazilian scrip.

SAVE OP IntilLAND.—Az iii
sin
°Ma ken, so ea Vls h. S. Ilk UN the I
DWI DIFPI
Isla treed 5ZT.001,150

d pyramid to Qs Act 7$
=An on Weducodoy,

Paddad.
00.0117E141110 NM.. /211,015,100
Moe oosorttlos 2.404.000
Gad oda sad bal
1100 12,411,150
811vor bunko

err,eamo'

Lt 7,061,161

vairuis v
Oaptial i1.4,14Mat
MIN,OOIO
MU° Deimits (bi-
eisdlng
I am% Beaky, Ono*
OgL of 14 01°131

Govsnusenf Spes-

Dead Weight la-
rdramitka
Othaer t 9,3011.018
20.001 L e4lB
Notes
Gold end lifter
Cola MOOS

Debt? a;FDIv
Iwamoto)
Other Detmottl 13,179,932
Bdog sod oast
Bills latatt

eluding the Metropolitin Extension and branches, I tificates,
an increase of 1,3861. ; the Metropolitan Extension Turkish Bonds of 1868, Jioirever ware inquired
an increase of 5201. ; sad the Kent Coast an in- I for, and improved about I per cent. There have
crease of 3601. been more inquiries during the last day or two for
At the meeting yesterday of Smith, Knight, and Confederate BoWs, which show an improvement of
Co. (Limited), the proceedings were, on the whole, of about * per °out.
a 'sand' &dory character. The proposition of the I Bank shares were rather heavy. A decline took
committee of investigation, in favour of the un- place in Bank of British Columbia, English Joint
dertaking being liquidated, was generally discoun- Stock, Standard Bank of Africa, London Chartered
tenanced ; but it was admitted that the committee • Bank of Australia, London Joint Stock, London
had acted from the beet motives, although the opi- and County, and London and South African Bank.
nion was expressed that they had been too hasty in; The shares of the financial companies were dull,
publishing a report tending materially to damage except Imperial Mercantile Credit, which were in
the interests of the concern, and without consulting demand, and improved 2a. 6d. Credit Fonder
with the large shareholders. The company appears and Mobilier, in which a very large amount of
to have commenced operations with too small businees was done, declined sa. The closing quota-
an amount of capital, and the directors, to avoid Cons were as follows :—lnteynational Financial, 1
pressing the shareholders for calls, have raised to Ift prem.; General Credit, 1 13-16 to 15-16
money on Lao onerous terms. The failure of the Fem. ; -London Financial, 7to n prem. ; Imperial
Sardinian Railway Company to meet its financial Mercantile Credit, 21 to *prem. ; Credit Fonder
engagements also prejudioed-tbe position of Smith, and Mabilier, 6to / prem. ; ditto, New, 31 to 4
Knight, and Co. The shareholders present refused prem.
to pass • resolution thanking the committee for . National Discount shares were last quoted 101
their report, but five gentlemen were appointed to to ft prem. • Joint Stock Discount, 1# to 1 dia. ;
act as new directors, and for them vacancies are to Ottoman ElOcidt4 Gindrale, 2j to 3 prem. ; Bud-
created at the board, which will be reduced to ten. ' son's Bay, 14 to I ; Egyptian Trading, lft to
It was also resolved to request the largest creditors Ift dia. ,• Lion Brewery, li to 11 prem. ; and At-
to nominate a committee of their own body to act Julia Telegraph 8 pee mink Preference 2to 21,
with the board as reconstituted in making arrange. being 2s. 6d. lower. The shares of Overend, Gar-
ments with the creditors generally, and that no new and Co. were again in great demand, to cover
contracts be entered into or expenditure incurred previousre speculative sales, and rose at one period to
beyond that absolutely necessary to carry on pre- ,91 prem. , buyers." The closing quotation-9f to
sent operations. I i Prem.—was 10s. above that of yesterday. Din-
The report of the directors of .be Great Indian count Corporation shares were quoted about 31.
Peninsula Railway Company, to be submitted at lower. East India Land, Credit and Finance,
half-yearly meeting on the 31st inst., describes English and Australian Copper, London and Pro-
the
highly satisfactory increase in the traffic receipts, . rineial Marine Insurance, Universal Marine Insur-
the total amount having been for the half-year to ance, and Marine Investment shares, as well as
June 30, 1865, 557,1211. 4a. 14., or 947/. 9s. Bd. per Italian Irrigation Bonds, have all given way.
mile against 325,007/. 12s. Id., or 587/. 14a. pd.
There were inquiries, however, for Thames and
per mile, in the half-year to June 30, 1864, being Mersey Marine Insurance, Fore-street Warehouse,
an increase of 232,118/. lor 3591. 15s. 4d, par Ebbw Vale, and Crystal Palace Debenture Stock.
mile. The expenditure of the half-year amounted • The closing (but in some cases nominal) quota-
to 326,2091. 2a. 5d., or 58•55 per cent, of the re- lion,' for shares in new undertakings are as follows :
a, leaving a balance of 230,9121. ls. Bd. to be —Treneatlantie Steam, par to 1 pram. : Vane-
oeipt
.. .. 3fr pram. ; end
—.NI interest account mei" COffee, ac., Company, Sto
-nsion• - -