The Express.
London, England, 1865-01-24 00:00:00

MONEY MARKET.--(THIS DAY.)

Two &Mom
Much dulness continues to prevail in the Stock
Exchange. Notwithstanding the inactivity of
business, however, price, are generally steady.
The funds, home railways, and most other secu-
rities are quoted about the same as yesterday after-
noon. As regards one or two of the speculative
foreign stocks, quotations are barely supported.
7 I Financial shares are firm.

11

---
There is little business in the discount market to-
day, merchants apparently keeping bills back in the
hope of an early reduction in the Bank mimimum.
The rate for first-class three months' paper is 51 to
_ _

_
5g per cent. Short loans on English government
securities are obtainable in the Stock Exchange at

aill $

—. sA

9i-1 i

wt

31 to 4 per cent.
At Paris to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Renter opened at
66fr. 85c., being Sc. lower than yesterday.
Consols are now quoted 891 to / for money, and
1 for the account (Feb. 9). The official business
report is as follows :—Three per Cent. Consols,
for money, 891, ; ditto, for amount,
891 ; Three per Cents. Reduoed, 881, 89, 881,
89 ; New Three per Cents., 881, 1,
89 ; Annuities, 1885, 14 7-18 ; Bank Stock, 241 ;
India Stock, 216 ; ditto Five per Cent. Stock, 1031,
ditto Four per Cent. Certificates, 981 ; ditto
Bonds, 15s. prom ; and Exchequer Bills, March,

lre FA

4s. prem., par.
Foreign stocks are quiet, and prices are steady,
with the exception of a decline of per cent.
in Turkish Bonds of 1862 and in Greek.
Some of the present quotations are annexed,
viz.:—Greek Bonds, 231 to 1 ; Mexican, 271
to 28; Confederate, 55 W 56 ; Spanish Pas-
sive, 33 to 1 ; the Certificates, 141 to 1 ;
Turkish, of 1858, 711 to 721 ; ditto 1862, 70
to 1, ex div. ; and the Consolidis, 50 to 1.
Transactions are recorded as follows :—Brazilian,
1863, 831 1 Chili= Six per Cents., 101; Egyptian,
1864, 96, 951 ; Italian, for account, 64 ex div. ;
Mexican, for account, 271, ex div. ; ditto
1864, 261, ex div.; Monte Vitlean scrip,
4 prem. ; Portuguese, 1853, 471, 47, ex
div. ; Russian, 1850, 87, ex div. ; ditto, 1862,
891 ; ditto 1864, 901 ; Spanish Passive, for amount,
33 ; Turkish, 1858, for account, 72}; ditto 1001.
Bonds, 70 ; ditto 1862, for account, 701, 1,1,
ex div. ; ditto 100/. Bonds, rol, e, ex city.
Egyptian Loan scrip is now quoted 11 to 1 pram.
Danubian, Ito die. ; Monte Videan, 31 to 41
Iprem. ; Italian, fto 1 prem. ; and Atlantic and
Great Western Railway Certificates of Debenture,

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zd

zd
—. ad
fa

Ito prem.
luternstional Financial shares are now quoted
2 to 1 prem. ; General Credit, 21 to 31
prem. ; London Financial, 8g to 1 prem. ;
Imperial Mercantile, 21 to 31 prem. ; Hudson's
Bay, 14 to 161 ; Anglo-Egyptian Bank, 1 to 11
prem. ; Ottoman Sociit6 Gin‘rele, 1/ to 21
prem., ex div. ; City of Milan Improvements, 31
to 1 prem. ; and Darjeeling Company, 1 to 1
prem.
The Australasian, from New York, has brought
111,000/. in specie.
At Calcutta the exchange has declined Id., and
at Canton, id. On the other hand, the filhanghae
exchange has risen Id. The silver market will
probably remain inactive ; the former movements
being against any renewal of large rewittanoes from
this country.
The Stock Exchange Committee have appointed
Thursday next a special settlling day in the shares
at the following companies :
(1) Banghwah Tea Estates al Assam
(Limited)
(I) Northern AMMO Tea (Limited)
(To bas marked
(3) Ouvah Coffee (Limited) in Twines.
I Week Lath
1) For transactions entered into on and after Dec. 7,1864.
.1 If Nov. 3. •
, Nov. ll„..
The Brighton Railway traffic return shows this
week au increase of 2,31;61. over last year ; and the
South Eastern an increase of 2,5311.
The following in from the report of the directors
of the East London Bank (Limited), to be pre-
sented at the meeting called for the 26th inst. -
The directors submit their wood report to the sham-
holders, together with the accounts for the half-year (lading
31st December, 1964, certified by the auditors. Daring the
half year the business of the beak has steadily and satisfac-
torily progressed, notwithstanding the recent coenasercisl
depression. The amount standieg to the credit of profit and
loss. after coating ample provision for bad and doubtful
debts, is 13,5964 IGs. 7d.., dednctiog the amount of cur-
rent charn• ; interest doe to customers ; rebate on bills
sot matured (at 6 per cent.) ; sad the same written off the
amounts standing to the debit of bank premises and preli-
minary expel:see, there remains • balance of 3,8411.
18s. 10d. The directors recommend the payment of • divi-
deed at the rate of 5 per cent. per annum, free of looms
tea, which will absorb 2,5001., and leave 1,3411. 18s. 1011.,
together with the rebate, 1 8931. 10a. lit, making the sum
of 3,235/. Bs. 11d. to be carried forward to the present half-
year. The premises in Cornhill, for the head office, are on
the point of °moieties, with the exception of one house not
yet, In possession, and they will be ready for occupation
• ing the @maw month.
The directors of the Joint Stock Discount Company
(Limited) have issued the following report, to be
submitted to the meeting on the 31st inst. :
I. In submitting the annexed statement of accounts, the
dire:ton have pleasure is congratulating the proprietary ea
•nealit which they are of opinion will, when the late severe
essamescial antis is coneidued, be regarded as satisfactory.
Z. The Wanes of gross profits made during the six months
wan 31st alto., alter reserving an amount as provision
=ll low is respeet of bad deb* greatly exceeding that
it is believed will ultimately be found necessary,
have been 46,1721. 13s. 10d. This amount, after deducting
rebate ea bills not doe, and the current expenses, has en-
abled the directors to increase the reserve food to 30,0001.,
to declare • dividend at the rate of 6 per cent. per aneum,
amounting to Is. fld. per share, and to carry forward 3,2431.
2e. 11d. to profit sod loss sew account. The dividend will
be free of income tax, and the ~mots will be mot by post
to each shareholder, and will be payable at the Agra and
Nasterman's Bank;3s, Nicholas-lane' Lombard-street, on
sad after Monday, the 6th February next. 3. In coolie-
queues of the stoppage of the Leeds Banking Company, of
whose endorsements the company at one time held • very
large amount, the extreme difficulty in negotiating the beet
mercantile end 6oancial paper, and the extent of monetary
entharreasmeets, which senously threatened to terminate in
• psaio, the directors decided, after the most anxious coo-
Adoration, that it was in the interest of the proprietors that
the company should be immediately placed, not ouly in a
position to mesterei..y contingency, but in one of undoubted
strength, and that this desirable result would he best se-
cured by making a call. The directors trust that this will
be considered • sufficient reason fora step which, in any hat
the most exceptional times, might have appeared.both in-
considerate sod unnecessary. The prompt manner in which
the call was met by the shareholders proves that they fully
appreciated the propriety of the measure. 4. The directors
have elected Yr. A. W. Bison to one of the vacant sesta at
the board. 5. Owing to the unavoidable absence abroad of
Yr. J. P. Judd, one of the company's auditors, the &moiety
have appointed r.C.J. H. Allen is his place, which appoint-
ment, if approved of, will requireooafirmatios by the share-
holden. 6. The company's register on the Ist January of
this year iseluded no lam than 1,150 shareholders, com-
prising the names of a large somber of the leading soar-
chaste and traders of London and the provinces, and the
directors have to doubt that the position of the company,
supported by so influential a constituency, must cooti-
e:mouldy improve.
The balance brought forward from the previous
half-year was 1,4111., and, the balance of gross
profite for the half-year now reported on being
46,1721., the total to be dealt with is 47,5841.,
which is disposed of as follows, viz.:—To current
expenses, including salaries, rent, stationery, ad-
vertisements, directors' fees, auditors' fees, depre-
ciation in value of lease, fixtures, and furniture,
income tax, dm., 5,8681. 10s. bd. ; to rebate on bills
discounted, not yet doe--carried to interest new
account, 19,4721. 14a. 3d. ; to dividend at the rats
of 6 per cent. per annum, 14,0001. • to amount car-
ried to reserve fund, 5,0001. ; to balance carried to
profit and loss new aooount, 3,243/. 2s. 11d. ; total,
47,5841. 7a. 7d.
A general meeting of the Commercial Navigation
Company of India (Limited) is called for the 14th
February, and is to be made " extraordinary, to
consider the expediency of at once winding up the
company voluntarily."

The following general meetings are announced,
viz. :--Soothanipton Dock Company for the shig
February ; British Shipowners' Company (limited,
for the 96th instant General Steam Navigation
Company for the lath February ; and London sad
Glasgow Engineering and Iron Shipbuilding Com-
pany (Limited) for the 31st instant, when a divi-
dend is to be declared.
The half-yearly meeting of the North Stafford-
shire Railway Company is called for the 15th
February ; that of the Mid Kent Rainey Com-
pany for the 13th February • and that of the Vis-
ions Station and Pimlico Railway Company for
the 10th February.
A general meeting of the Universal Marine la-
surance Company is called for the 2nd February.
The half-yearly interest is announced on Marietta
and Cincinnati Railway Sterling Bonds.
MONDAY Enanni.
Consols, which closed on Saturday at 894,
" sellers," for the 9th February, opened this morn-
ing at the same quotation, and se closed.
For money the last price was 891 to 1. The
official business report is as follows :—Three
per Cont. Console, for money, 891, 1 ; ditto,
for account, 891 ; Three per -Costa. Re-
duced, 881, I; New Three per Cents., 881
ktiLlndia Stock, 213, 216 ; ditto Ave per Cent.
104, ; Five per Cent. " enlaced " rupee
Mari 102 -
The India Five per Cent. Stock was rather dulL
Exchequer Bills were unaltered at par to 4.5. prem.
In the foreign stock market bnainess was rather
quiet. Confederate Bonds were better at one
period of the day, being quoted 56 to 58, but some
considerable sales afterwards caused a decline to 56
to 56, being one per cent. lower than on Saturday.
Chilian Six
,per Cents. improved 1 per cent. ; Peru-
vian, ; and Greek i; while Egyptian Bonds of the
Ist issue declined 1 per cent. ; Spanish Three per
Conte. and the Passive, f ; and the Certificates and
Mexican, per cent. Italian stock closed fletly,
there being still a disposition on the pirt of the
holden to exchange into the new loan.
Egyptian Loan scrip was last quoted 11 to If
prem. ; Danubian Principalities Loan, 1 to i die. ;
Montevedian Loan, 31 to 41 prem., being spin
firmer ; and Atlantic and Great Western Railway
scrip, 1 to 1* prem.
The scrip of the new Italian State-Domain Loan
was again very largely dealt in to-day. Speculative
sales at one period carried the price down to 1 to
prem., but a recovery had taken place at the close
to Ito 1 prem. We are informed that the applica-
tions in London, Italy, and on the continent gene-
rally have far exceeded the amount of the loan.
Bank shares remain heavy. A reduition wee
quoted to-day in Consolidated, East London, Bank
of Hindustan London and County, and Union
Bank of Ireland. Alliance Bank shares fell 11. to
30e. upon the publication of the directors' report,
and closed at 5* to 61 prem. The shares of the
Bank of Egypt have exceptionally improved.
Hudson's Bay shares were last quoted 1151 to
161 ; Egyptian Trading, 1 3-16 to 5-16 prem., being
flat ; National Discount, 101 to prem. ; and
Joint Stock Discount, to *.dia. There were
inquiries for City Offices, Electric Telegraph, and
Ottoman Financial shares, but North British and
Mercantile Insurance, London and Provincial
Marine Insurance, Home and Colonial Assurance,
and the Italian Irrigation Canal Company's Bonds,
were all heavy. International Contract shares were
dealt in to some extent, and closed at 21 to 24 dig.
Ottoman Societe &intricate shares were lest quoted
to 2} pram., and the Darjeeling Company * to
prem. City of Milan Improvement shares, dime
touching 34 to 4 prem. closed at 34 to prem.,
being slightly higher than on Saturday.
The shares of the Suzan/ companies were heavy
during the greater part of the day, but became
firmer in the afternion. International and General
Credit closed 1-16 per sham better than on Satur-
day. The closing quotations are annexed, viz.:—
International Financial, 1 1616 to 2 1-16 prem. ;
General Credit, 2 15-16 to 2 1-16 preni.A London
Financial, 81 to 1 prem. • Imperial Mercantile
Credit, 2* to 3 prem. ; and Credit Fonder and
Mobilier (old shares), 31 to 1 prem.
United States 5-20 Bonds were firm, at 46* to 47-
The new Cape of Good Hope Government Five
per Cent. Loan was quoted 93 to 94.

MINES.-(THIS DAY.►

Two o'

The mining market is dull to-day with little
business, and prices in most instances exhibit ne
alteration, compared with those last current
yesterday. East Caradon and East Russell
shares are Satter—the former at 14 to 4, and the
latter at 44 to 44. of Great South Tolgns are ocially
marked 21 to 2 and Great Vor, 34.
St. John dely shares have been dealt in at 34,
being flat. Other foreign as wall as colonial mines
are quiet.
The half-yearly meeting of the Mariquita and
New Granada Mining Company is to take place ow,
the 30th inst.
The annual meeting of the Pachuca Silver Lead
Mining Company (Limited) is called for the let
February, and a general meeting of the Elbe Col-
liery Company (Limited) for the same day.