The Express.
London, England, 1865-03-06 00:00:00

MONEY NAREET.-(TEIDI DAL)

Two o'Clocx.
Tim funds have to-day experienced a fresh fall of
per amt., owing to a continued preponderance of
sales, together with the preparations for
Thursday's settlement. The government broker
has bought 30,0001. New Three per
Cent. stock. Home railways are dull,
with little change in prices. Turkish Consolicitis
and General Credit shares have risen, owing to the
publication in this morning's Daily News of some
particulars relative to this company's plan for the
re-organisation of the Turkish home debt. Spanish
Certificates continue to rise and Confederate Bonds
to fall.

There is not much business in the discount
market to-day, and the supply of money is good.
The rate for the bent paper, however, is maintained
at 4} per cent. In the Stock Exchange short loans
on English government securities are obtainable at
3} to 4 per cent.
At Paris to-day, according to 211 r. Reuter's
telegram, the Three per Cent. Renter opened at
67fr. 70c. being Sc. lower than on Saturday.
Consols are now quoted 884 to both for money
and the account (March 9). The official business
report is as follows :-Three per Cent. Consols,
for money, 884, ; ditto for account, 883 ;
Three per Cents. Reduced, 87, } New
Three per Cents., 87}, 87 ; India Stock, 246;
ditto Five per Cent. Stock, 1034, 104, 1033
Five per Cent. " enfaosd " rupee paper, 101 ; and
Exchequer Bills, March, 7a., 4a. prem.
In the foreign stock market there has been a rise
of # per cent. in Spanish Certificates and Turkish
Consolidia, and a fall of 4 in Mexican, and
2 to 3 per cent. in Confederate Bonds.
Some of the present quotations are annexed,
viz.:-Greek Bonds, 204 to 21} ; Mexican, 264 to
; Confederate, 41 to 42, ex div. and drawing ;
Spanish Pamirs, 32} to 4 ; the Certificates,
18 to } ; Turkish, of 1858, 70 to }, ex div. ; ditto
1862, 744 to 72} ; and the Consolidas, 534 to #.
Transactions are recorded so follows :-Danisb,
1864, 98 ; Danubian Scrip, 34 dia., ex div. ;
Egyptian, 94, 96}, ex dii. ; ditto second
issue, 95, ex div. ; ditto, 1864, 95}, 4 ;
Greek, for account, 214, 2114 ; Italian (Ma-
remmana Railway), 68} ; Mexican, for ac-
count, 26}, } ; ditto, 1864, 25} ; . Peruvian, 1862,
for account, 82 ; Russian, 1862, 894, 89, } ; ditto,
1864, 90} ; Sardinian, for account, 77} ; Spanish,
for account, 474 ; ditto, New Deferred,
41 ; ditto Passive, for account, 324, ;
ditto Certificates, for account, 151, lei,
154 ; Turkish, 1858, for account, 704, 70, ex div. ;
ditto 1001. Bonds, 744, ex div. ; ditto 1862, for
account, 724, 714 ; ditto 1001. Bonds, 724 ; Vene-
zuela, 1864, 41.
International Financial shares are now quoted
1} to 14 prem., ex div. ; General Credit,
24 to 2} prem., ex div. ; London Financial, 6} to 64
prem., ex div. ; Imperial Mercantile, 113-16 to 15-16
prem., ex div. ; Hudson's Bay, 15} to 15} ; Otto-
man Soci4t6 Gindrale, 2} to 2} prem., ex div.
The quotations for the shares of some of
the new companies are subjoined :-City of
Milan Improvement.; 4} to 4 prem. ; Metropoli-
tan District Railways, 44 to 5} prem. ; China
Steamship and Lsbuan Coal, 1} to 1 dis. ; Rio
Janeiro Gas, } to } prem. ; West London Docks
and Warehouses, 1 to } prem. ; and Varna Rail-
way, 24 to # prem., being higher.
The amount of government bills on India for
which tenders will be received at the Bank of
England on the 15th instant will be rupees
00,0001 300,0001.
According to advice. from Constantinople,
there is a prospect that the project put
forward by Mr. Laing, on behalf of the Ge-
neral Credit Company of London, for a re-
organisation of the home debt of Turkey, will be
sanctioned by the signature of the Sultan in the
pourse of the present week. In a country like Tur-
key everything is of course uncertain until the deci-
sion of the government is definitively promul-
gated, yet it may be useful to state that
the plan in question is judiciously li-
mited to a reconstruction of the home
debt, and does not attempt to unsettle in any way
the position of the Anglo-Turkish Loans. The
various floating and local debts upon which the
Porte is at present compelled to pay usurious rates
of interest it is proposed to fund in • five per cent.
consolidated stock of the Turkish empire, and it is
a feature of some importance that the plan proposes
to make the dividends on this stock payable in
London, Paris, and other leading markets of
Europe, at fixed rates of exchange, as well as at
Constantinople. It is further proposed to give the
holders of the existing Turkish Six per Cent. Con-
solid& the option of exchanging them for the New
Consolidated Five per Cent. Stock, so as to bring
the home debt of Turkey under one single denomi-
nation ; and with this view, the terms sug-
gested will, we believe, offer a bonus of mode-
rate amount to the existing holders. It is
further contemplated to enable the Turkish
government, by an additional issue of new 6 par
cent. consolidated stock, to obtain such a sum of
money as shall suffice for its immediate necessities,
and leave it with a balance in hand ; but the hope
in entertained that the Porte will show its modera-
tion by borrowing only a limited sum at present,
the more especially as the terms of future issues
will probably be much more advantageous for it,
should it practically carry out its expressed inten-
tion of making large retrenchments in the military
and other departments of the administration.
The following is from the report of the directors
of the Merchant Banking Company of London

E tool
it 8 dbl
4 I dim
6 far
la. gar liPix
10. 00

ldh pa r
tOM
3 4

ins Ilna
Ohl
fli m Alus
e
Si iiiii

a
ldla par
IPO
Par 65 zd e Pra
W
171 181

IS 19 pa
am:i

(Limited)
In submittlag their Brat annual report, the direetne me-
'retold* the shareholders upon the favourable results of
the operatioos of the company up to the 31st December lest.
By the annexed statement of eocounn made up to that date,
it will be seen that the gross profits (Melodies a sues of
10,0001, the enhanced valued the oovopany's premises over
the mat thereof) amount to 64,6441. 7a. 3d., and that after
the payment of correct exposes& mot, rebate of bale, awl
maktembu rovision for bad sad doubtful debts, there femmebiasses of 44,6581. 71. 7d., which the directors
ar=eireend to be appropriated or follows :-4,6661.1.3.. 41.
to interim divideod of 9s. 4d. pee share paid to 30th Jule
Wt ; 10,0001. to farther dividend of 11. perthare, being
together with the above interimpaymeat, a the rate of
about 12 per Bent. per annum ; 10,0001. to the radiation
of amalgamation scromet ; 10,0001. to reserve hied ;
3.7301 to suspense account, for remaseratioo to directors
sad auditors, sod payment of income tax ; 1,0001. te Mgt
rednetioe of melimiaary expellees ; 5,1381. 14e. 3d. to be
carried forward to cow wocroat. It is istisfactory to the
directors to bow than is the straw of the premises freer , I
Yuen. H. and J. Johnston sad 00. at 10,0001. they have i
muted • very valuable property. for which they have slave ,
hews offered the sum of 20,0001. ; the 18,0001. estimated I
prat thereon bee bees applied by them in redurnks of
amelpmation sowed. As thesteady proper el the heel-
ow el the trompuiy isdioates that ma insoles if spite' 1
eau he liseedielally employed, the directors have resolved
Open the Wee of 5000 new shares, of which 1,800 shame
will he appropriated to the late fins of Ibsen. H. sod J.
Jelled= arid 00. le fallbeamit of au agreement with them.
sad the resides allotted at par to the mama shereliellisan,
is epproxiveate.propertioes to their exiting intmeato
Notice is gives that the Master of the Rolls has t
fixed the 13th instant for the appointment of an I
official liquidator of the Alexandra Park Company i
(Limited),
The adjourned first ordinary general meeting of
the Loudon Bank of Mexico and South America
will be held at the London Tavern, on Tuesday, I
the 14th instant.
A STRIKE ix ROCIIDALL—On Saturday last the We are requested to state that the share list of
OplaUVO 00idlISONS in the employ of the Equitable Oro. the Dagenham Dock* GowPabY will be eland to-
(*waive shoe amp, which is mosected with the co-ope- day for London, and to-morrow for the &natty, ;
radve store la Eoridale, made publicly kuows by had
and that of the Royal Hotel Company of Great
that their wages were reduced, sad that they had Mee Yarmouth (Limited) today.
out ta writ. Mg twaollia that far some time pad i In the subjoined paragraph of their circular
isitfr=alirailerdennsal3lowtetwalwial. the work- IlLesm. Joseph Travers and Sons recite various
„,„k7Teiii-affeby 4 a Ara, of o bogy of worbooo sow sessiderations tending to produce caution in • coin-
*yid fry a sewpsestive owapsay has mused Ohs a err imeial circles :
ties ilk Ile lean. .. • Ibibbil is tie vales el gouty ail the st•pie whales et

1 dm
6 I
4
1 Os
se SS
21 22 us
si 2
14%1
26 111
lilt id
1141•1
is yr
no. 41.. I

-i-24/11
2_ 14‘26{

It pi16

rs_ iivii

I I ri
cwx. a

_id

i lar -
4 =
17 IS
Si St
Oil boa