The Express.
London, England, 1865-10-25 00:00:00

MONEY MAREICTe4THIS DAY)•

Two &Cum&
The stock markets today are heavy, owing
chiefly to a less favourable reading of the pros-
pects of the money market. The English funds
and speculative foreign bonds have fallen 1; to 1
per cent., and the chief home railways *to 4.
The discount market is quiet, although a large
amount of Indian paper falls due today. Trans-
actions continue to be reported in good bills at 64
per cant. The rate for loans on English govern-
ment securities from day to day in the Stock Ex-
change is 5 to 54 per oent.
At Paris to-day, according to Mr. Banter's tele-
gram, the Three per Cent. Ranter opened at
68fr. 060., being 1.16 per cent lower than yesterday.
Consols are now quoted 884 to 89 for money'
and 89 1-16 to 3-16, or 894 for the account (No-
vember 8). The official busiisess reportis as follows :-
Three per Cent. Console, for money, 89, 4, 881 ;
ditto, foraccount, 894, 1 ;Three per Cents. Reduced,
874, 4, ; New Three per Cents., 874, 4, ;
Bank Stock, 248 ; India Five per Cent. Stock,
105, 1044 ; Exchequer Bills, March, sa. dia. ;
ditto June, 45., 7*., 3s. die.
Foreign stocks are heavy, especially the more
speculative descriptions. Brazilian scrip and
' Spanish Passive Bonds have fallen about t per
cent., and some other securities 4to 4. Some of
the present quotations are subjoined, viz. :-Greek, ,
193 to j< ; Turkish Coosolidis, 48 to t ; Spanish
Passive, 284 to 291 ; ditto Certalcates, 143 to
; Confederate, 6 to 7 ; Bssedinn serif, 24
to 4 prem. ; and Mexican, 254 to
Transactions are recorded as follows :-Brezilian,
1863, 683, ex div. ; ditto 1866, scrip, 3,
prem. ; Egyptian, 95 ; ditto 1864, 923, ex div. ;
ditto 1001. bonds, 921, ex div. ; Italian Marem-
mans Railway), 70 ; Mexican, for account,
25, 4, 4 ; Portuguese, 1866, in., for
account, 464 ; Russian, 1850, 89 ; ditto 1862, 914,
4; Sardinian, for account, 73, 4 ; Spanish Pas-
sive, for account, 294, 4,8/ ; ditto New Deferred,
for account,3B4, ; ditto Certificates, for account, 144;
Turkish, 1854, for account, 914, 1, ex div. ; ditto,
1858, for account, 72, 4 ; ditto 1862, for account,
754, 4 ; ditto, 1.001. bonds, 75, 4,4, 4 ; ; ditto
1865, 43, 21 ; ditto 1001. bonds, 434, 4, 4.
American securities have declined. 620 Bonds
are now quoted 631 to 64, ex div. ; Erie Balmy
shares, 55 to 11 ; Illinois, 1323 to 4 ; and Atlantic)
and Great Western Debenture', 854 to 863.
International Financial shares are now quoted 11
to 4 prem. ; General Credit, 1 15-16 to 21-16 prem. ;1
London Financial, 74 to 4 prem. ; Imperial
I Mercantile, 2 3-16 to 5-16 prem.; Credit Foncier and
Mobilier of England, 5 616 to 7-16 prem. ; ditto
New, 4to I prem. ; Ottoman Sociitd thindrale, 24
to S prem ; Overend, Gurney, and Company, 84
to 9 prem. ; and Hudson's Bay, 154 to 4.
The shares of the Transatlantic Steam Company
are quoted par to 4 prem.; Allan's Transatlantic
Telegraph, to 1 prem. ; and the Coffee and Cotten
Company of Venezuela, 34 to 4 prem.
With the unfavourable movement in the foreign
exchanges, referred to below, there are renewed
indications of uncertainty with regard to the future
course of the money market. The first effect yester-
day has been &demand for bullion for transmission
to the Continent, and a considerable amount, form-
ing part of the recent arrivals, was purchased for
that quarter. Bar silver was also in increased
request for the Zest, and the quotation
was rather firmer, at se. 14d. per ounce. The
amount of gold sent into the Bank yesterday was
45,0001., but it would seem likely that the influx
to that establishment will now slacken or cease,
unless, indeed, coin returns from the provinces.
It is also understood that a considerable amount of
gold will be sent to the new cotton countries--such
as Egypt sad Brazil-during the next few weeks.
The Brazil steamer on the 9th November w:11 pro-
bably take a large remittance of sovereigns--partly,
perhaps, on account of the recent loan. Meanwhile,
the October dividend money has been pretty well
iheesbed, without giving much relief, and the re-
quirements in oonnexion with the fortnightly set
thmaent in the Stock Exchange and with the mer-
asnfile bills due on the 4th of November are begin-
ning to engage attention.
According to rumour, the new Austrian Loan is
to be for not less than 10,000,0001., in a 5 per cent.
stock, and the price about 62 per cent.
With reference to Mexican Deferred Bonds,
we have received the following communication
from Messrs. Baring Brothers and Company, which
confirms the statements in a letter published on
Monday from Mr. Gerstcnberg, the chairman of
the Deferred Bondholders' Committee :
Mears. Baring Brothers and Company have this morning
recei a note loom the ForeigunMes, informiag them
that her MaYeety's minister in Maxim has !meiotic' a de-
spatch front the Impala Medan goverment, dated Sspt.7
last, sawing him that within a few days the claims of the
Deferred Boodboklsra weabilee aseeagedi In a manner both
honourable to heel! and adnentsgeone to the holders of the
bonds. Blikepagabrekesli, 081. 2t. 1896.
At present it has not been decided to close Lloyd's,
the Baltic, and the Jerusalem Coffee-houses, on Fri-
day, and it is presumed that those establishments
will open on that day. The banks and dis-
count houses will also, of oonrse, trassact busi-
ness as mud. In many quarters, however, the
day will be observed as a holiday as far as prac-