The Express.
London, England, 1862-11-26 00:00:00

MONEY MARKET.-(THIS DAY.)

Two O'CLOCK.

The funds to-day are again firm, and the ten-
dency of priors is favourable. Console for the ac-
count are quoted about it per cent. better than
they closed yesterday. English railway stocks
are likewise firm, though meeting with little busi-
ness. As regards foreign securities, the chief in-
quiries are still for Turkish.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes were quoted
70fr. 30c., being sc. better than yesterday.
Consols are now quoted 931 to 4, cute div, for
money, and 924 to 4, ex div., for the account.
The official business report is as follows :
Three per Cent. Consols, for money, 931, 3 ;
ditto for account, 921 ; Three per Cents. Reduced,
924, ; New Three per Cents., 924. ; Bank Stock,
235, 237 ; India Stock, 2294, 231 ; ditto Five per
Cent. Stock, 1091, 4 ; ditto Four per Cent. Deben-
tures, 1004, > ; ditto Bonds, 28s. prem. •
Exchequer Bills, June, lls., 12s. prem. ; ditto
March, Bs. prem.

. _
Foreign stocks are firm. In Turkish se-
curities of nearly all classes an improve-
ment of 1 to 1 per cent. is observable. The
Loan of 1854 is quoted 831 to 841 ; that of 1868, 701
to 711 ; the Scrip of 1862, 11 to 21 prem. ; and the
ConsolidEs, 381 to 1. There is a steady de-
mand for Greek Bonds. Venezuelan scrip
is quoted 2 to 11 dia., ex div., being
rather fiat ; Portuguese scrip, 3 to 31
prem., being firmer ; Russian scrip to dia.,
ex div. ; and Peruvian, 2 to dis.
Transactions are recorded as follows :—Brazilian,
1839 and 1869, 991 ; Chiliad Four-and-a-Half per
Cents., 861; Eygptian, 91 ; Greek, 161,
171 ; Italian, for account, 701 ; Mexican,
331 ; New Granada Land Warrants, 41 ;
ditto ex overdue Coupons and Hectares, 1.24 ;
Portuguese scrip, 3, 1 prem. ; Russian Five per
Cents., 1862, scrip, 1, }die., ex div. ; ditto paid up,
931, ex div. ; Spanish New Deferred, 461; do. Passive,
221, 231 ; Turkish, 1854, 831 ; ditto 1868, for
account, 701 ; ditto 1001. Bonds, 761 ; ditto
1862, scrip, 11, 2 prem. ; ditto paid-up, 70;
ditto Guaranteed, 1021 ; Venezuela, 241, ex all.

FOUR O'CLOCK.

Consols have declined 1 per cent. since 2 o'clock,
being now quoted 9n to 1, cum div., for money,
and 921 to 1, ex div., for the account.
The half-yearly dividend is announced on the
Swedish Provincial Mortgage Loan.
About 11,0001. in gold was taken from the Bank
yesterday for exportation.
The bar silver by the West India packet was sold
yesterday for Bombay at ss. 12d. per ounce, being I.d.
below the price recently current. The fall is caused
chiefly by an announcement from the Peninsular
and Oriental Steam Navigation Company, that the
charge for freight on specie shipped to the East,
by way of Marseilles, will in future be 1
per cent., showing a reduction of per cent.,
while that on silver sent via Southampton will still
be 2per cent. The natural effect is that some amount
of silver for Bombay will be sent by the former in-
stead of the latter route, the extension of time al-
lowed, combined with the lower freight charge,
being a consideration. Owing to the detriment
which may occur from this arrangement, however,
to the London bullion trade, an influential representa-
tion has bean made to the company on the subject.
It is urged that the rates at Marseilles and at
Southampton ought in fairness to be equalised.
The foreign exchanges yesterday afternoon were
firmer, and as regards several places the rates were
slightly more favourable for this country. Sub-
joined is our usual list :
Amsterdam, 3 months, 11.164 to f ; ditto, 3 days,
11.131 to 144 ; Rotterdam, 3 mouths, 11.161 to f ; Ant-
, warp, 3 months, 25.40 to 5 ; Hamburg, ma. bane°, three
months, 13.61 to 7 ; Paris, 3 days, 25.15 to 2/.1 ; ditto,
3 months. 25.40 to 21 ; Frankfort-on-the-Mame, 3 mouths,
118/ to 119 ; Petersburg (per rouble), 3 mouths, 344 to 35 ;
Vienna, if. do., 3 months, 12.40 to .10 • Trim* 0ff.60.;3
months, 12.40 to 30 ; Madrid, 3 11100.111, 494 to 4 ; Cad*
3 months, 49 to it ; Leghorn, 3 months, 25.55 to 60
Genoa, 3 mouths, 25.56 to 60 ; Milan, 3 mouth., 25.55
to 60 ; Naples, 3 months, 391 to 1 ; Palermo, 3 mouths,
1191li to 1 ; Messina, 3 months, 1191 to 1; Lisbon, 902.7.,
524 to ; Oporto, 90 days, 521 to 4.
Another new undertaking connected with the
Cape, of a promising character, and aiming at use-
ful objects, is announced, under the title of the
South African Irrigation and Investment
pro-
posed (Limited). The operations pro-
are threefold, namely, those of a land
and irrigation company, a company to construct
public works of improvement in towns, and a
trust, loan, and investment company. Reasons
are assigned shcwing that the Cape colonies pre-
sent a very favourable field for transactions under
each of these heads. The company will raise
money on debentures in England, and re-invest it
on first mortgages in the colonies. We notice the
highly satisfactory assurance in the prospectus that
such provision has been made by the directors for
the preliminary expenses as will secure the company
against paying any sum whatever in the nature of
promotion money, and toe articles of association
will contain a clause giving the shareholders the
power to fir, year by year, the amount of the di-
rectors' remuneration." The direction is highly re-
spectable, and composed for the meet part of mer-
cantile names actually engaged in the Cape trade.
The capital is fixed at 1,000,0001., in 20,000 shares
of 501. each, of which the first issue will consist of
10,000 shares.
A fall of 1 per cent. took place yesterday in
Great Western Railway Stock, it being said that
the company have come to the conclusion that they
cannot any longer withstand the claim made against
them in the Mackintosh suit. If we are not mis-
informed the amount of this claim is about a
quarter of a million, exclusive of interest. It is
stated that the question of the latter portion of the
claim is to come under discussion next month.
The aocounta to be submitted at the meeting of
proprietors of the London Chartered Bank of Austra-
lia on the sth December are of a fairly satisfactory
character, inasmuch as they show a balance of
profit and loss for the half year ending the 30th
June last amounting to 46,0001., which is about
10,0001. more than was shown in the previous half
year's accounts. The amount of capital on which
dividend is to be piid having, however, been in-
creased to 1,000,0001. the dividend is at the same
rate as previously declared, viz. four percent. for
thehalf year. 5,0001. is proposed to be carried to
the reserved fund, and the balance to be carried
forward to next half year is 9,526/. the ba-
lance brought into the present account having been
4526/.
A call of ss. is to be paid on the shares in the
India Freehold Land, Colonization, Trust, and
Agency Association by the 17th December. The
first ordinary general meeting of this company is
convened for the 19th December.

The adjourned meeting of the creditors of Mr.
W. Buss, Irish provision merchant, trading under
the firm of Buss and Leedham, took place yesterday,
when Mr. liumphrys, of the firm of Honey, Hum-
phrys, and Honey, accountants, submitted an
amended balance-sheet, showing liabilities to the
amount of 27,1921., with assets estimated at
26,6741. net ; the deficiency is consequently only
5181. After some discussion relative to the posi-
tion held by the creditors on Mr. Greaves' amount
(who failed in the Australian trade), and the claim
made by his assignees, it was resolved that the
estate should be wound up under a deed of assign-
ment for the benefit of the creditors, no offer of
composition being made by the debtor.
A transaction to a small amount took place yes-
terday at 195 per cent. in the Hudson's Bay Com-
pany's stock, a security very rarely dealt in.
Subjoined are the quotations of insurance, gas,
dock, and other shares, as given in the Stock Ex-
change list of last evening: _ . .

leir;wanee.—Atlas, 11 ; Crown, 24i ; Eagle. 6f ; Globe,
1131; Guardian, 61++; Imperial Fire, 346 ; law Fire, 41;
Liwil and General Lis. 7 ; North British and Mercantile,
16f. 16 ; Ocean Marine, llf ; Ylicerda, 145 ex div. ;
Universal Marine, 4, i, 4.
Gee Light and Coke.—City of London (B), 7t, i ; Com.