The Express.
London, England, 1865-02-22 00:00:00

MONEY MABEEZ-(TH18 DAL)

Two o'omm
The stock markets to-day are dull, with
very little business. Scarcely any change
has occurred in prices, with the excep-
tion of a fall in Great Western Railway
stock and a fresh rise in Alliance Bank shares.
The funds and most other securities remain at yes-
terday's quotations. The government broker has
bought 10,0001. New Three per Cent. Stock.
There is a fair demand for money, but, the
supply being large, good three months' bills are
taken at 41 per oent., with occasional transactions
at 41. The rate for short loans in the Stock
Exchange is only 21 to 3 per cent.
At Paris to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Renter opened at
67fr. 25c., being the same as yesterday.
Consols are now quoted 891 to 1 for money, and
891, " buyer'," for the account (March 9). The
official businem report is as follows :
Three per Cent, Consols, for money, 89,
; ditto, for account, 891, 1 ; Three per
Cents. Reduced, 881, ; New Three per Cents.,
881, f, f ; Bank Stock, 247 ; India Four per Cent.
Debentures, 1866, 99 ; ditto Bonds, 10a., pram. ;
and Exchequer Bills, 45., 7s. prem.
Foreign stooks are dull, but yesterday's prices
are generally maintained. Turkish Consolidds have
declined per cent,, and Spanish Passive Bonds are
fiat. Some of the present quotations are annexed,
vie.:—Greek Bonds, 22 to ; Mexican, 261 to
27 ; Confederate, 55 to 67 ; Spanish Passive,
321 to f ; Turkish, of 1858, 721 to 73 ; ditto
1882, 701 to 71; and the Consolidds, 511 to /.
Transactions are recorded as follows :
Chili= Six per Cents., 102 ; Dutch Two-and-a-
Half per Cents., 631; Egyptian scrip, for account,
prem. ; Greek, for account, 221 ; Italian, for
account, 631, 64 ; ditto 1865, scrip, 14 die. ;
Mexican, for account, 261 ; ditto 1864, 26, 251 ;
Moorish, 93 ; Peruvian, 1862, for account, 86 ;
Russian, 1862, 89, 11, 881 ; ditto, 1864, 91 ;
Spanish New Deferred, 401 ; ditto for account,
411; ditto Passive, for account, 32} ; ditto Cer-
tificates, for account, 15, 14/ ; Turkish, 1858, for
account, 73, 72/ ; ditto 1862, for account, 71, 701.
International Financial shares are now quoted
lf to 1 prem., ex div. ; General Credit, 21 to 1 prem.,
ex div. ;London Financial, 61 to 7 prem., ex div. ;
Imperial Mercantile, 2 to 1 prem., ex div. ; Hud-
son's Bay, 15/ to i ; Ottoman Socift4 Cfnirsle,
2 to 1 prem., ex div.
The quotations for the shares of some of
the new companies are subjoined:—City d',
Milan Improvements, 31 to prem. ; Metropoli-
tan District Railways, 31 to 1 prem. ; General
Irrigation of France, to/ prem. ; China Steamship
and Labnan Coal, 1 to 11 pram. ; Rio Janeiro Gas,
to 1 prem. ; and West London Docks and Ware-
houses, 11 to 24 prem.
Assuming the estimates to be correct, the sale of
the royal patrimony of the Queen of Spain should
produce 4,500,0001. for the State Trea-
sury, and 1,500,0001, for the Queen's Treasury, but,
viewing the affair in the most favourable light
possible, it is easy to see that the measure will
merely stave off for a time the inevitable day of
reckoning. Spain will then find the terms of ar-
rangement onerous in proportion to the duration
and severity of the test to which she has subjected
her creditors. Meanwhile, the Queen and the
government will have the mortification of knowing '
that, owing to the practical exclusion of foreign
capitalists from the competition for these proper-
ties, they will be sold at a serious comparative
sacrifice, and that the development of their re-
sources, as regards agriculture, minerals, timber,
ito., will still be retarded by the blight which, in
consequence of the want of common honesty on the
part of the government, rests upon everything
Spanish.
The Peruvian Loan is in a 5 per cent stock, and is
offered at 831 per cent., or equal to 81 net, allow-
ing for the dividend due the Ist of July. The
groan amount of the loan is 10,000,0001. of stock,
but the draught which the operation will entail '
upon our money market is greatly reduced in con-
sequence of the spacial arrangements that have been
made, as recited in the prospectus, which is un-
usually long and explanatory.
About 140,0001. iu Mexican dollars, by the French
mail steamer Tampico, reached London yester-
day, and a further sum of about 260,0001. is expected
to arrive towards the end of the month. The quo-
tation for this coin is flat at ss. to 55. 011. per
ounce.
The exchanger on Hamburg and Amsterdam
showed yesterday afternoon a further movement in
favour of this country. The St. Petersburg ex-
change was likewise higher, but this alteration is
in favour of Russia. Tte exchange on Paris re-
mains dull. Subjoined is our usual list.
Amstambun, 3 months, 11.181 to f MN% 3 dim
11151 to 161; B.otterdam, 3 months, 11181 to 19 ; Ant-
werp, 3 months, 25.421 to 471; Hamburg. ma basso, 3
months, 13.71 to 8 ; Paris, 3 days, 25.11 to 171;
ditto, 3 months, 25.40 to 45; Franktort-on-thorMakno, 3
months, 120 to 1; St. Montan (per rouble), 3 months,
301 to ; Vienna off. do., 3 months, 1160 to 63 ; Trisha
oft. So., 3 months, IL6O to 65; Madrid,
'33
months,
471 to ; Owl* 3 months. 47 to 1 Leghorn
25.55 to 60; Goma. 3 month', 25.55 to 60; Miles,bal
months, 25.55 to 60 ; Naples, 3 months, 25.35 to
60 ; Palermo, 3 months, 25.55 to GO ; Masons, 3
mouth', 25.55 to 60 ; Lisboa. 90 days, 51i to 1 ; Oporto,
90 days, 511 to 1.
It is announced that a basis of amalgamation has
been agreed to between the Alliance and
Consolidated Banks, subject to arrangements of
details. It is creditable to the parties who have
arranged this matter that secrecy has been ob-
served up to the very conclusion of the negotia-
tions.
The direetors of the Agra and Masterman's
Bank (Limited) have declared a dividend at the
rate of 10 per cent. per annum for the half year
ending Slit Dec. last, with a bonus of 3/. per share
being together equal to 22 per cent. per annum,
and making, with the previous distribution 20 per
cent. for the year 1864, at which rate a dividend
and bonus on the new shares will be paid. The di-
vidend warrants will be payable on the Bth March.
The dividend on Glasgow and South Western
Railway stock is announced at the rate of 51 per
cent per annum, against 5 for the corresponding
six months. The present distribution is for the six
mouths ending the 31st of January, it being the
custom of the Scotch lines to make up their half-
yearly statements for the latter portion of the year
to that period.
At the meeting yesterday of the North British
Australasian Company the amount available as
profit was stated at 4,8651, after providing the
half-yearly interest payable to the proprietors of
the 6 per cent. guaranteed stock. A dividend at
the rate of 21 per Dent, free of income-tax, was
declared on the ordinary stock. The directors'
report describes the general state of the company's
*Mars as sound ; and they consider that, by vigilant
supervision and exertion they may effect a perms.
nent improvement in the condition of the company.
The Credit Fonder and Mobilier of England
(Limited) have issued an amended prostus of '
the China Steam Ship and Labuan Coal Company
(Limited), the object of the alterations being to
make the arrangements conform in every respect to
the requirements of the Stock Exchange.
A call of 21. 10s. is to be paid on the shares of
the Salisbury and Dorset Junction Railway Com-
pany by the 15th of March.
The annual meeting of the Canadian Land and
Emigration Company (Limited) is called for the ist
of March.
Subjoined are the quotations of insurance, Ems,
dock, and other shares, as given in the Stock Ex
' li -
changest of hat evening :
I Isemeete.—Abeam, Britie and Famign, 15 16 •
BOROUGH HOP MARKET.--(THIS DAY.) Ossamsretel usron. 81 1 1I ; Guardian, 60 ;
M. Pattaadea sad Smith report a eratiened 'Weft , Pira, 350 • Indemoit, Manse. 1224, ex • livorlasea
tend* at foul MU. Chyme desemplicas, la ill lasirasse, ' red Laski aid Glebe M per seal sasellise), 1314 le ;
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