The Express.
London, England, 1865-07-07 00:00:00

MONEY MARKET.-(11118 DAY).

Two o'CLocnt.
• check has been given to the stock markets to-
day by the unfavourable character of the changes in
the Bank of England return. The funds have
declined 1 to 4 per cent., and some of the home
railways are also rather lower. Other securities
are scarcely changed in prioe.
There is more demand for money to-day, and the
supply has somewhat diminished, owing chiefly to
the circumstance that a large amount of Indian
paper falls due to-morrow. The rather unfavour-
able character of the Bank of England return has
also tended to stimulate the inquiry. The quota-
tion for choice bills is 3 per cent., with exceptional
transactions at 24. The rate in the Stock Exchange
for short loans on English government securities is
24 to 3 per oent.
At Paris to-day, according to Mr. Renter's tele-
gram, the Throe per Cent. Relates opened at
67fr. 150., being 1-16 per cent, lower than yet!
terday.
The weekly return of the Bank of France shows
an increase in the coin and bullion of 330,0001.
Consols are now quoted 901 to 4, ex div., for
money, and 904, " sellers, "ex div., for the az-
' count (August 8). The official business report is as
follows:-Three per Cent. Consols for money, 901
1 ; ditto for amount, 901; Three per Cents. Re-
duced, 894, 4 ; New Three per Cents, 891, f ; Bank
Stock, 248, 1 ; India Five per Cent. Stock, 1044, 1;
Five per Cent. "enlaced" rupee paper, 102 ; ditto
Five and a Half per Cent., 110 ; and Exchequer
bills, par.
Turkish Consolidds have declined per
cent., but, with this exception, foreign
stocks are supported at firmer prices.
Some of the present quotations are sub-
joined :Turkish, 1868, 73 to 4 ; ditto,
1862, 714 to 72, ex div.; ditto Consolid4s,
491 to 4 ; Mexican, 234 to 24/, ex div. ; Span-
ish Passive, 291 to 30; ditto Certificates, 141 to
I ; Greek, 201 to 211 ; and Confederate, 7 to 9,
Transactions are recorded as follows :-Danubian,
77 ; Egyptian, 974 ; ditto 1864, 944 ; Italian,
1865, 774, 4 ; Mexican, for account, 24, 234,
ex div. ; ditto Anglo-French, 461 ; Moorish, 971;
Portuguese, 1856, Ac., for account, 474, ex div.
Russian, 1859, 564 ; ditto, 1862, 92, 914 ; Spanish,
for account, 481, ex div. ; ditto New Deferred,
for account, 40, 4, ex div. ; ditto Passive, for
account, 291; Turkish, 1862, for account, 714, 72,
ex div. ; ditto 1004 Bonds, 721, ex div. ; ditto,
1866, 47 ; Venezuela, 1864, 414, 401.
International Financial shares are now quoted
14 to 1 pm.; General Credit, If to 4 prem.;
London Financial, 71 to f prem. ; Imperial Mer-
cantile, 2 to 4 prem. ; Credit Foxier and
Mobilier of England, 31 to 4 prem., ex div. ; Otto-
man Sooihte Generale, 24 to 31 prem. ; Hudson's
Bay, 154 to 4, ex div. ; and Egyptian Trad-
ing,
The nominal quotations for the shares of some
of the new companies are subjoined :-Ruseian
Iron Works, 8 to 10 prem. ; Downs Docks, 4 to 1
prem. ; Atlantic Telegraph preference, par to 4
prem. ; London Bridge Land, 4 to 4 prem. ; Gla-
morganshire Iron,* to I prem. ; London Quays and
Warehouses, par to prem. ; London, Windsor, and
Greenwich Hotels, 14 to 4 prem. ; and British India
Trust and Agency, 11 to 2 prem.
It is said that a Brazilian government loan for a
considerable amount is likely to be announced in
the course of the next few weeks.
The overdue Australian mail, just delivered,
announce" the sailing for London on the 11th of
April of the ship Wellesley, with 17,0001. in gold.
The shipments of gold referred to by the mail of
the following month (May) reached 251,0004, as pre-
viously mentioned, the whole of which has yet to
arrive here.
The difficulties of the old-established firm of
Scott, Bell, and Co., East India and China mer-
chants, of Alderman's-walk, New Broad-street,
have been referred to in monetary circles for
some days past, and last evening their suspension
was definitively announced. Their liabilities are
estimated at from 700,0001. to 800,0001., and
they have been compelled to take the present
step in consequence of the impossibility of ef-
fecting sales of goods in India and China unless
at a very serious sacrifice. The partners, however,
who am highly respected, and for whom mush
sympathy is entertained, oonfidently anticipate
that, with judicious management of their proper-
ties, they will be enabled to discharge their exten-
sive engagements in full. The books have been
placed in the hands of Messrs. Coleman, Turquand,
Youngs, and Co., the accountants, who will submit
a statement to the creditors as early as possible.
It is announced that Mr. W. W. Sorimgwar,
having been appointed to a seat at the board, has
retired from the post of general manager of the
Union Bank of London, and that Mr. J. .11.
Barton will in future bocupy that position. Mr.
Scrimgeour has been general manager of the bank
ever since its establishment in 1839, and Mr.
Barton has been manager for many years.
The Lancashire and Yorkshire Railway traffic
return shows this week an increase of 3,0841. over
last year ; the North Eastern an increase of 3,1431. ;
the Manchester, Sheffield, and Lincolnshire an in-
crease of 1,3931. ; the London, Chatham, and
Dover an increase of 621. on the general under-
taking, and of 7001. on the Metropolitan Exten-
sion ; and the %eat Coast Railway an increase of