The Express.
London, England, 1865-01-21 00:00:00

MONEY NARXET.-(THIS DAY.)

Two o'Oxacs.
There is little busineis in the stock markets to-
day, and the tone generally is dull. Consols are
unchanged for money, but have declined about
1-16 per cent. for the amount. As regards British
railway stocks, the only feature is a rise al
1 per cent. in Metropolitan. Confederate Bonds
have also experienced a somewhat important ad-
vance. Financial shares are fiat, and fractionally
lower. MilanLnprovements shares haveagain risen.
The discount market is quiet to-day, with a large
supply of money seeking employment. Good three
months' bills have been taken at bf per cent,
although the more general charge is 6f. Loans
from day to day on English government securities
are obtainable in the Stock Exchange at 3 to 4
per cent.
At Paris to-day, accmiling to Mr. Renter's tele-

99/

ini a
gii I
101 l

1081 II

11111 Ii
110

14-14

_id
1121

Ti 7

lllul

gram, the Three per Cent. Rastas opened et
1361 r. 950., showing no change.
Consols are now quoted 891 to 1, for money,
_ _ _

id

id

and 891 to for the (Februaryaccount 9). The
official business report is as follows :—Three
per Cent. Console, for. money, 891, ; ditto, for
account, 89d ; Three per Cents. Reduced, 881, 1;
New Three per Conte., 881, 1; Bank Stook,
241 ; and India Five per Cent. stock, 1031.
In the foreign stook market there is a rather
strong demand for Confederate Bonds, which
have improved 2 per cent. Spanish Certifi-
elites have also advanced 1, while Turkish
Consolid4s have declined to a like extent.

Some of the present quotations are annexed,
viz. :—Greek Bonds, 231 to 24 ; Mexican, 271
to 28, ex div. ; Confederate, 66 to 58 ; Spanish
Passive, 331 to / ; the Certificates, 141 to ;
Turkish, of 1868, 712 to 72} ; ditto 1862, 701
to 3, ex div. ; and the Consolidia, 491 to 50/.
Transactions are recorded as follows Buenos
Ayres One per Conte. (Deferred Three per Cents.),
37 ; Egyptian Seven per Cents., 1864, 951 ;
ditto Scrip (351. paid), 12 prem. ; Greek
Five per Cents., for amount, 231 ;
Italian Five per Cense. (Marensmana Railway),
sai, ex div. ; Russian Five per Cents., 1822, 91 ;
ditto, 1862, 89f, ; ditto 1864, 90, / ; Sardinian for
account, 80, 79i Spanish Certificates, for account,
141, ; Turkish, 1854, foracoonut, 90} ;ditto,lBsB,
for account, 721, 72 ; ditto 1001. Bonds, 75 ; ditto,
1862, for account, 701, f, 1, ex div.; ditto
1001. Bonds, 71, ex div. ; Venezuela, for account,
181; ditto 1862, for account, 47 ; ditto 1864, 421.
Egyptian Loan scrip is now quoted 11 to / prem.
Danubian, die to par; Monte Videan, 3/ to 4
prem. ; to 1 prem. ; and Atlantic and
Great Western Railway Certificates of Debenture,
to If prem.
International Financial shares are now quoted
1/ to 2/ prem. ; General Credit, 2/ to 3
prem. ; London Financial, 81 to it prem. ;
Imperial Mercantile, 2/ to 3 prem. ; Hudson's
Bay, 15/ to 161 ; Anglo-Egyptian Bank, f to
prem. ; Ottoman Soci6t4 Ginfirale, I/ to 21
prem., ex div. ; City of Milan Improvements, n
to prem., showing a fresh rise ; and Darjeeling
Company, to 3 prem:._
_

- - - -
HALT-PAST TWO o'Crocg.
Consols are still quoted 891 to 1 for money,
and 891 to 1 for the account.
On 'Change yesterday afternoon there was little
alteration in the foreign exchanges. The rates for
short bills on Holland were rather better for this
country. Subjoined is our usual list :
Amsterdam, 3 =oaths, 11.174 to 18 ditto. 3 days',
11.14 to 15 ; Rotterdam, 3 =sew 11.174 to 18 ; Ant-
werp, 3 months, 25.474 to 624; Hamburg ma. balsam 3
i 5.15 to 20 •
dimit.thli .13.4 rt,17;4 to 524 ; firetysee-Mains,
mouths, 1194 to 120; BA Petersburg (per mobleh 3 months,
30 to ; Visarw it. So.. 3 month', 11.80 to 83 ; Trieste,
scr. no., 3 mouths, 11.80 to 85 ; Madrid, 3 months,
481: Cadiz.' 3 months, 464 to 7 ; Leghorn, 3 months,
25.60 to 65 ; Gems, 3 months, 25.60 to 65 ; Man, 3
months, 25.60 to 65 ; Nudes. 3 months, 25.60 to 65 ;
Palermo, 3 months, 25.60 to 65 Marina, 3 swaths,
25.60 to 63 ; Lisboa. 80 dam, 514 ; Oporto, 90 days,
51 to 4.
The weekly return of the Bank of France shows
the following changes :
Cain sad bullion
Bills discounted
Government deposits Decrease 90,000
Notes is circulation lncrease 440,000
Trivets deposits
Advances
The coin and bullion are now increasing again,
and the commercial demand for money is
diminishing.
The value of money in this country is still above
the average of the continental markets. At Paris,
Hamburg, and Frankfurt the rate of discount in the
open market is per cent. • Auuterdam and Ber-
lin, 5 ; Vienna, 6 ; Turin, 5} ; Brussels, 4 ; and
St. Petersburg, 7 per omit.
The Committee of the Stock Exchange have
appointed Tuesday next a apecial settling day
in the shares of the Central Railway Company of
Venezuela (Limited), for transactions entered into
on and after the 15th July. These shares are not
to be officially marked.
The first ordinary general meeting of the Provin-
cial Banking Corporation will be held on the 6th
of February to receive the reports of the directors
and auditors, and to declare a dividend.
The directors of the Discount Corporation have
made a call of 21. 10s. per share, payable on the
20th of February.
The fourth ordinary general meeting of the Bank
of Wales will be held on the 4th of February to
receive the directors' and auditors' reports, and to
declare a divideud.
The Ebbw Vale Company (Limited) have an-
nounced a first call of 51. per share for the 11th
of February, payable at the Bank of England or
any of its branches.
The Caledonian Railway traffic return shows
this week an increase of 7741.
We have received a copy of the prospectus of
the Manchester Warehouse and Offioe Company
(Limited). It is proposed to erect first-class ware-
houses and offims in the centre of Manchester,
upon a plot of land of upwards of 3,000 square
yards in extent, which has been secured upon ad-
vantageous terms. The company proposes, how-
ever, to extend its operations to other localities in
Manchester and elsewhere. The direction is
respectable. The capital is 100,0001., in MOO
shares of 201. each, one-half of which have been
taken prior to the issue of the prospectus, but it
is probable that not more than 81. per 201. share
will be required, as the company intends to raise
funds by the issue of debentures, or by the arrange-
ment of a mortgage at a moderate rateof interest.
Another new nudertakiug is Brill's Brighton
Baths Company (Limited). The object is to acquire
the well-known baths which have been established
more than ball a ceotury, but it is also intended to
remodel and greatly enlarge the establishment by
the purchase of extensive property in the neighbour-
hood. Mr. Brill will be largely interested in the
company, and has engaged to eupm•tendthe work-
ing of it for two years, sad will afterwards be •
director. The capital is 120,0001., in 6,000 shares
of 201. each. An income of 12,0001. a year is anti-
cipated.
The subscription for the shares of the City of
Milan Improvements Company (Limited) was
finally closed yesterday, and the total number of
shares applied for is 117,862, while the number to
be allotted (independeatly of the 2,500 paid-up
shares assigned to the concessionaires, in the terms
of the prospectus) is only 17,500. The applications
from the Stock Exchange ideas greatly sewed
the entire capital of the undertaking. A large
proportion of the applications are for fully
paid-up shares. It is stated that in the
allotment the directors will discard every
consideration except that of placing a tho-
roughly sound and promising invarinieet in the
hands of boo& fide holuers. The " letters of

regret" will be issued at the earliest pceilible mo-
ment, and will of course be very numerous. The
remarkable anitosemgalga company is regarded with
extreme satisfaction in Milan, both by the munici-
pality and the population, the concession having
been granted to an English oompeny out of
many competitors, swing to the belief en-
terteined on the spot that in English
heads the project will be carried throu3k
with vigour. The cordial reception given to the.
company, however, is only a natural consequence'
of the able manner in which it hank been framed, and
which reflects great credit on all concerned. From
its first announcement the transactions in the shares
have been upon a very extensive scale, and the
company altogether has attracted more attention
than any that has been brought forward for a long
time past.
The letters of allotment of the Nowgong Tel
Company of Assam were distributed yesterday.
The share list of " Hopkina, Gillum, and Co.
(Limited)," is announced to be closed on Monday.
the 23rd inst.

MANY EVIVING. _

Consols, which dosed yesterday at 891 to 1
for the 9th February, were to-day alternately
"buyers" and " sellers" at 89/, and closed at that
fraction. For money the last price was 891 to 1.
The official business report is as follows ..—Three
per Cent. Consols, for money, 94 4.4; (lit*
for account, 891 ; Three per Cents. Seduced, 884,
1 • New Three per Cents., 881, 1/ ; Annuitie%
1885, 14 7-16, ; Bank Stock, 343, 2401, 241, 243;
India Stork, 113 ; ditto Five per Cent. Stock,
1031, 4,0:21:a Five per Cent. "entered " ropes
riper, 1 .
The I ' Five per Cent. dock was steady.
Exchequer Bills were quoted par to 4s. prem.
Mexican Three per Cents. were inquired for, and
have improved. There was also a recovery of 11
per oent. in Venezuela Bonds of 1864 and Turki
of 1864 ; but, with these exoeptions, foreign stocks
were dull. Confederate Bonds and Mexican scrip
declined 1 per cent. ; Mootevidean scrip, .•
Turkish Bonds of 1868 and 1862, ; end Cittilfge
Italian and Spanish Certificates, 1 per cent.
Egyptian Loan scrip was last quoted 1.1 to 1#
prem. • Danubian Principalities Loan, Ito die. •
sflontriidean Loan, 34 to 4 prem. and Italia;
State Domain scrip (the list for which is to be closed
to-morrow) 4 to / prem.
Bank shares remain flat. A slight reduction in
Consolidated, International, Imperial Ottoman,
London, Birmingham and South Staffordshire,
London Joint Stork, London and Hamburg, Lon-
don and Westminster, and Mercantile and Ex-
change. Scinde, Punjaub, and Delhi Bank, and
London and South Western Bank, however, were
inquired for.
International Contract shares'were dealt in at 41
to 31 dia. The shares of the newly-announced
Dar] °sling Com pany',4Limited) were quoted 4 to 3 put.
Hudson's Bay snares were last quoted 151 to
114, being flat ; Egyptian Trading, 11 to 11 prem.;
National Discount, 101 to ft prem., being again
2s. 6d. lower ; and Joint Stock Discount, Ito
dis. City Offices, Thames and Mersey Marine In-
surance, Warrant Finance, and Van Disamin'eLend
shares were heavy. Consolidated Dismount fell 21.
There were inquiries, however, for Discount Cor-
poration, London and St. Katharine Docks, Eng-
, lish and Scottish Marine Insurance, Smith, Knight,
and Co., and London and Glasgow Engineering.
Ottoman Sochit4 G4u.Srale shares closed at 2to
21 prem. ex div.
The shares of the financial companies retain
; a drooping tendency. In some oases a fresh reduc-
; tie° of 24. 6d. pee share took place. to-day. The
closing quotations are annexed, viz.:— Interna-
tional Financial, 2 to 21 prem. ; General Credit,
3to 1 pram. ; London Financed, 81 to 1 prem.
Imperial Mercantile Credit, 3 to 31 prem. ; and
Credit Fonder and Mobilier, 31 to 4 prem.
United States 5-20 Bonds remain at 451 to 461.
r The new Cape of Good Hope Government Five
per Cent. Loan closed at 93t0 94.