The Express.
London, England, 1865-12-14 00:00:00

MONEY MAREBT.-MEIB DAY.)

Oitz o'or.
Contrary to the general expectation the directors
of the Bank of England have made no alteration
to-day in the rate of discount, which remains at
6 per cent. The impression being, however,
that a rise may be merely deferred, the improve'
meat in the stock markets is rather in tone than in
price. The English and foreign f ands, and
most other securities, remain at yesterday's
quotations. Two or three of the home railways have
ehe
improved a little. Attention is directed to t
half monthly settlement, which will be completed
to-morrow. To-night's Bank return is looked for
with more than usual interest, as being likely to
show why the Bank directors have refrained from
altering their terms.
The discount market is quiet to-day, many persons
having borrowed during the last few days in excess
- of their real requirements, in anticipation of a
_ rise in the Bank rate. At the same time
the supply of capital seeking employment is large,
yet, pending the publication of the Bank return,
there is an indisposition to take even the beet paper
at the official minimum. The rate for short loans
in the Stook Exchange, on English government
securities, is 4to 5 per cent.
The government broker has bought to-day
12,0001. New Three per Cents. for the Sinking

Fund.
Consols are now quoted 87 to 1, Aix div.,
for money, said 871 to 1, ex div., for ttaraccount
(January 9).
There is an improvement oft per cent. in
Spanish Passive Bonds and a decline of 1 in
the Certificates. Otherwise, foreign stocks are
quoted much the same as yesterday afternoon.
Some of the present quotations are subjoined,
viz. :—Greek, 151 to 161 ; Turkish Five per Cents.
of 1865, 421 to 431 ; Spanish Passive, 271 to
I ; ditto Certificates, 141 to 151 ; Confederate, 7t to
81; Brazilian scrip, 11 to 11 prem. ; and Mexican,

25 to I.
American securities are unaltered, with the
exception of a decline of I dollar in Illinois
Railway shares, which are now quoted 79f to 801.
5-20 bonds are called 64 to i ; Brie Railway
shares, 571 to 3 ; and Atlantic and Great Western
Railway Consolidated Mortgage Bonds, par to

1 Fern.
International Financial alarm are now quoted
I to / prem. ; General Credit, 1 15-16 to 2 1-16
prem. ; London Financial, 5/ to 6 prem. ; Impe-
rial Mercantile, 2/ to i prem. ; Credit Foncier
and Mobilier of England, 3/ to / prem.,
ex all; Overeni, Gurney, and Company, 51 to 6

prem.
The shares of the Colonial Company are quoted
to 1 prem. ; St. Saviour's Wharf, 1 to 11 prem. ;
London Steam Towing, 14 to 11 prem. ; Charles
Lahtte and Co. 11 to 24 prem. ; and Commercial
Company of Africa, 1 to 14 prem.
The /Ante, from the West Indies, has brought
174,0001. in specie.
The amount withdrawn yesterday for exportation
was 25,0001, raising the total since the date of the
last return to 688,0001 On the other hand, 50,000
sovereigns from Ireland were sent into the Bank
yesterday, and it is said that during the week some
considerable amounts of coin have arrived from
the provinces and Scotland.
No fresh information with regard to the new
Turkish Loan transpired yesterday, but it is under-
stood that the details of the assignment have not
yet been definitively settled. Some time ago a loan
for 2,000,0001 sterling, in an eight per cent. stock,
was introduced in Constantinople by the Ottoman
Soci4t4G4n4ride, and amongst the securities assigned
telt were the sheep tithes of Rodelia. It is now
revenues
d
that this loan is to be repaid, that the
thus released will be made available for the new

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loan.
The numbers are published of 136 bonds amount-
ing to 70,9001. of the Turkish Six per Cent. Lean
of 1858, which were drawn on Tuesday, and are to
be paid off at par (1001.) on the let March next.
The bonus to the fortunate holders of the winning
numbers in this lottery is nearly 30 percent
The City of London, from New York, has brought
5,3001. in spode.
A special general meeting of proprietors of thi
Bank of England took place yesterday, when Mr.
Thomas Baring was elected a director, in place of
the Right Ron. George Joachim Goechen, who has
retired on accepting the office of Vice-President of
the Board of Trade.
At the meeting yesterday of the Great Eastern
Railway Company, a resolution was passed request-
ing the resignation of the directors, in consequence
of the disclosures made in then rovisional report of
the committee of inveetiga
The London and North Western Railway traffic
return shows this week an increase of 6,8561. over
the corresponding week of last year ; the Midland
an increase of 3,497/. ; the Great Western an in-
crease of 1,2891. ; and the Great Northern an in-
crease of 2,5211.
The receipts of the Grand Trunk Railway of
Canada for the week ending the 25th ult. were
31,3361. starling, being 4,6441. more than in the cor-
responding week of last year.
The directors of the Chartered Mercantile Bank
of India, London, and China have deelared a divi-
dend of 5 per cent. (free of income *9, for the
half-year ending the 31st inst., making with the
dividend of 81 per cent. paid on the Ist July last,
13kper cent. for the year.
The arrangements are notified in connectioncton with
the payment of the half-yearly
shave of the Madras Irrigation, East India Irriga-
tion? and Rio de Janeiro City Improvement Com-
panies.
The preparations for to-morrow's settlement in
shares and foreign stocks were attended yesterday
with less onerous rates of "continuation" than
might have been expected, considering the unsettled
state of the money market. TUB is explained by the
circumstance that the speculators have lately preened
sales, in anticipation of an advance in the Bank
rate of discount, and the amount of the outatand-
iog speculation fora rise has thus been diminis
than
hed.
The contangoes " generally were not higher
at the last settlement. On foreign stocks the a
kis ye-
I raged 7to 8 per cent., except as 7gards Ty rh
Fivy e per Cents., the " continuation on which was
onl about 2 to 4 per cent., the supply of this stock
in the market being limited. On some of the home
railways the terms were sufficiently high, but the
" continuation" on Metropolitan was slightly easier
than on the last occasion. The following shows
the terms generally current :
Great Wasters i to 2 cont.
LiOCAlbilll and Y orkshire .• • • 7-16 to 9-16 „
London sad North Waters . • 1 i° t ~
di midland
Great Northern
Ao 6 ..
Metropolitan
South Eastern
Sheffield
Great Eastern
Grand Trunk of Osuarla •• •
6d. „
ad. ..Great Western of Cased... • • Is. to la.
Erie - „
Ditto New Loan 3-16 to 6-16 „
Illinois Central, paid up .. •
Luxembourg
General Credit
Radom's Bay 9d. to 1-16 0
International Fussaeisl •• • • 6d. to la. „
Alliance Bank 3-16 to 5.16 „
°wound, Gurney, and Co.. • Is. U. to Is. 6d• „
Greek -16 to A ...,
\ Granada -32 to 3. „
1-16 to 4 ..
Ditto, 1864 iaa
Spanish Native
Spanish Certificates . . ....
_ l-16 to 3-16 „
Turkish Cneeolidis (Stamped) 1-16 to 3-16 „
Ditto 1865 Loan -16 to 4
United States 5-20 Bands .. • • 346 to Mt ',!
Virginia 6 per Coat.