The Express.
London, England, 1865-10-12 00:00:00

MONEY MARKET.-(THIS DAY).

Atlantic sod Grt at Western Deltcntarea were at one limn
yes+nrrlay clone at 84, but bare sines elisklly :allied, daft
at 84i le fre.
The numbers are published of various bonds d
the Colombian Government Loan of 1883, whisk
were draws on Tuesday, sad are now payable als
par at the London and County Bank.

Two demon.
The weekly court at the Bank of England has
broken up without making any fresh rise in the rate
of discount. As this result bad been anticipated, the
announcement has not given any general impulse
to public securities, which, however are mostly firm
at yesterday's advance. The English funds, foreign
bonds, home railways, and other securities have
scarcely varied, but, where a fractional change is
observable, it is in an upward direction.
There is more confidence in moneyed circles
to-day, and the best three months' paper is freely
discounted at the Bank rate-7 per cent. In
the Stock Exchange the supply of money
has diminished, owing partly to the increased dis-
position to employ it in bills, and the charge for
short loans on English government securitied: is
firm, at 64 to 7 per cent.
At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent. Rental opened at
671 r. 750., being the same as yesterday.
Consols are now quoted 884 to 89 for money,
and 89 5-16 to 7-16, or 891 for the account (Nov.
8). The official business report is as follows:-dThres
per Cent. Console, for money, 88/ to 89 ; ditto for
account, 891 ; Three per Cents. Reduced, 86/, 871 ;
New Three per Cents., 861, 871 ; India Five
per Cent. Stock, 1061, 1041, 105 ; ditto Bonds
19a., 22a. pram. ; and Exchequer Bills, March,
5s dig.
Foreign stocks are steady, with little
change in prices. Spanish Passive Bonds and
Certificates have improved 1 per cent. Brazi-
lian scrip is steady at 31 to f prem. Some
of the present quotations are subjoined, viz.:
-Greek, 20 to 3 ; Turkish Consolidie, 481 to 1;
Spanish Passive, 291 to 1; ditto Certificates,l44 to
; Confederate, 6 to 7 ; and Mexican, 251 to /.
Transactions are recorded as follows :-Brazilimas
1852, 1858, 1860, 70 ; ditto, 1863, 684, 9, ex div. ;
Dutch 614 ; Egyptian ' 944 ; ditto 1864, 904, 4,
ex div.; ditto 1001. Bonds, 914, ex div. ; Italian, 77,
ex div. ; Mexican, for account, 25/, 3 ; ditto
1864, 244 ; New Granada, Deferred, 71 ; Portu-
guese, 1856, &e., for account, 461, 6; Russian,
1822, 893; ditto, 1862, 901, ; Spanish Passive,
for account, 291 ; ditto Certificates, 141, 3 ;
Turkish, 1854, for aouronnt, 92, ex dlr. ; ditto,
1858, for account, 704, 11, 2 ; ditto, 1001. Bonds,
77; ditto, 1862, for account, 744, 4; ditto 1001.1
Bonds, 744 ; ditto, 1865, 441, 4 ; ditto, 1004
Bonds, 444, 3 ; Venezuela, 1864, 374, ex div.
United States 5-20 Bonds and Illinois Railway
shares have declined 3 per oent., the present quo.'
tations being 681 to 4, and 831 to 84 respectively.
Erie Railway shares are steady at 581 to 59, and
Atlantic and Great Western debentures at 844 to
854.
Intonational Financial shares are now quoted
14 to prem.; General Credit, 1/ to 2 preen. ;
London Financial, 7/ to / prem. ; Imperial
Mercantile, 21 to 1 prem. ; Credit Fonder and
Mobilier of England, 44 to 1 prem. ; Overend,
Gurney, and Company, 63 to 6 prem. ; and Hud-
son's hay, 151 to 4.
The shares of the Merchants Company are quoted
1 to 14 prem. ; London and Australian Agency,
to 14 prem.; Transatlantic Steam, par to 1 prem.;
Gale's Protected G unpowder, 14 to 2 prem. ; and
Allan's Transatlantic Telegraph, 14 to 2 prem.
The scrip oertificatea of the Erie Railway Loan
will be ready for delivery on Monday next, in ex-
change for the letters of allotment and bankers
receipts.
The amount of gold bought by the Bank yester-
day was 68,0001. During the month 215,0001. has
been sent in, and 310,00/. withdrawn, 100,0001. of
the latter being: for Ireland.
In explanation of the internal draw of sovereigns
from the Bank which has been going on
for some time peat, and has contributed to
the severe reduction in the Bank's reserve,
it is said that within the last few weeks the beaks
connected with Ireland have alone sent upwards of
one million of sovereigns to that country. The
absorption then is explained partly by the revival
of business, including that at the fairs, and by har-
vest requirements ; but there have also been cond.-
datable remittances to pay for cattle is Ireland,
which has not yet suffered from the murrain. A
further effect has also been exercised by the with-
drawals of coin by the lower classes, in consequence
of the distrust occasioned by the Fenian agitation.
Although it would appear that each bank indivi-
dually has lost coin to only a limited extent, the
withdrawals in the aggregate represent a consider-
able sum.
The steamer Nyanza will take to-day 84,6001.
in silver and 3,2001. in gold foe Bombay, and
15,9001. in gold for Alexandria, making a total of
103,7001.
The Stock Exchange Committee have appointed
Wednesday, the 18th instant, ••special settling day,
in the shares of Hodges Distillery Compaay
(Limited) and Brill's Brighton Baths Company
(Limited), both of which are to be marked in the
twice a week list. The following resolution has
been passed by the committee :-" That after full
consideration of the circumstances connected with
the General Estates Company, the committee hereby
rescind the order of the 25th September, suspend-
ing the buying in of shares of the said company.7l
The Midland Railway traffics return shows this
week an increase of 4,7574 over last year ;
the Great Northern an increase of 2,1241. •, the
London and North Western an increase of 8,7601.;
the Great Western an increase of 1,941; and the
Great Eastern an increase of 3,4841.
The Panama Railway is the mast successful un-
dertaking of *he kind in the world. It haw
paid with regularity a dividend of 20 par
cent, per annum, with occasional distribu-
tions in addition, but these returns have sow
been thrown into the shade, for, as we gather from
the New York papers, the company has just de-
clared a dividend in shares of 40 per cent., and a
quarterly cash dividend of 6 per cent., so that the
total distribution for the last year appears to be at
the rate of 64 per cent. Results of this nature are
of course only obtained through the virtual mono-
poly which the railway enjoys, but they indicate at
the same time that the company is making too
much out of the travelling community, and this
view is confirmed by the complaints which are fre-
quently heard that commercial interests are suffer-
ing for want of additional means of transit across the
Isthmus. It appears, however, that the establish-
ment of a competing route, by means of a line of
railway and steamers, is seriously contemplated.
The railway is to be 140 miles to the northward
of Panama, between the fine harbours of Chiriqui
and Golfito. It is added that a large portion of the
shares are being privately subscribed.
A general meeting of the Royal Mail Steam
Packet Company is called for the 25th inst.
The directors of the British and Californian
Banking Company (Limited) have appointed Mr.
Samuel Magnus their London manager.
Holders of scrip for the 5 per cent, preference
shame of 1864 of the Great Eastern Railway Com-
pany, who have not yet paid the call of 11. 10e. per
share, are requested to do so by the 18th iust.
We are requested to state that the share list of
the Merchants Company (Limited) will be oksed
to-day (Thursday). Imiosartow 07 MCGLOIN FACTORY HAYDR-Tke
With reference to the market for American secs- jam,1=1", "0
froeterpoolc"Pmcwidad"terutede hawked" this Ppltipa iftyl"
rities, Mr. E. F. fiatterthwaite reports as follows :actimsessa haw, limas bon gogisod sod Ird.ed, wbo
The wrwatated nation of the Bask of England dine' come to seek maple eat is the great tossagetiarisi entree
lon is eavaacieg the minimum rate of intones time times seg.:Now shoos, moral is develleteee tee rapidly
dories last week bas completely upset all the markets es iiereageg annamvial Womb el the Traioe. Thews pee*
tea Leaden Stock Exchange, sad Atuaricms securities base wipe trove IhetchwAelA Bradford. Eteddendield, sad &NA .
td in the po demon:ye. United States 520 which sew dowdaad fee linen. Lawnece. Waltham
ac't eves way more esr mut, Wad last and Desna, Ifiessesbessme; Piswiames. Ilimede urea. and •
quoted 87th
New Lewd" Ossaanissi. Use me el woe OP•egail ibMa
Pets sad Made shares lave also suffered a renew, the gamy assosawt, isswesiess es& feu as. tee
former bevies at one time seen sold as low as 574. sad the I a. ger Ogaggra*li wiliktUlSQ, •
latter ea 811. At the close Fens an DB hi 4, and Elba mow show from some of their agosociitsi who Toricesied
84 to 4. them to our sham-New York Herald, Sept. 28.

:: sa

WEDNISDAT VIM&
Consols, which closed yesterday at 891 to f fun
the Bth November, opened this morning at 89j
to 1, and, after touching 891, " buyers," closed Si
89 5-16 to 7-16, or exactly 891. For Dimwit
the last price was 881 to 89. The official business
report is as follows :—Three per Cent. Consols. fogs
money, 881, 1, ; ditto, for account, 891, 1,1, jig
Three per Cents. Reduced, 861, 1, 1 ; New Thres
per Cents., 861, 1, 87 ; Bank Stock, 246, 247 ; India,
Stock, 2161 ; ditto Five per Cent. Stock, 106 co
ditto Bonds, 235. prem ; ditto Four per Cent.,.
961 ; Four per Cent. enfaced" rupee parer' 87.
Indian government securities were steady. India
Bonds were dealt in at 23c. prem. The June Ex-
chequer Bills were quoted 11a. to 61. die. ; and the
March, 9s. to 4s. the. The depreciation in theme
securities is, of course, caused by the inadequate
rate of interest borne by them, aa compared witk
the value of money in the market.
Foreign stocks were again firmer. Thetc was as
advance of 4 per cent. in Spanish Passive and Cer-*,
tificates, and Turkish of 1862, and 1866, and 1 is
Mexican. Chilian Six per Centa. were exception+
ally quoted 1 per cent. lower.
The high value of money tending to increase,
banking profits, the shares of the joint-stock banks,
have latterly been steady in price, in face of a de:
cline in many other classes of securities.
change occurred to-day. A alight reduction mai-
quoted, however, in European Bank, Merthantit
and British and Californian.
The shares of the financial companies were apish
inquired for, and an average improvement GE
2s. 6d. per share took place. The closing
quotations were as follows :—lnternational Fines&
vial, If to 11 prem. ; General Credit, 11 to 21 pram;
London Financial, 71 to 1 prem. ; Imperial seer-;
cantile Credit, 21 to 1 prem. ; Credit Fourier and,
Mobilier, 41 to 1 prem.
National Discount shares were last quoted 10f.
to 1 prem. ; Joint Stock Discount, 11 to lf dis.„'
being rather firmer ; Overend, Gurney, and Oo.? 15/.
to 6 prem., being slightly flatter; EgyptianTradnt.
11 to 11 dia. • Ottoman Socidtd Generale, 24 to
prem. ; audi;on's Bay, Isl to 16; Lion Brewery,.
14 to 11 prem. and Atlantic Telegraph Prete-,
relics, 11 to 11. Bombay Gas, Commercial Union
Insurance, Ebbw Vale, Quebrada land and Mining,
and Telegraph Construction shares, were all heavy.
There were some inquiries for English and Asa,
tralian copper shares.
The closing (but in some cases nominal) quota-,r
tione for shares in new undertakings are as follows:*
—Trans-Atlantic Steam, par to 1 prem. ; London',
and Australian Agency, to 11 prem. ; Mer-
chants Company, 1 to 11 peem. ; and Gale's Pro.
tected Gunpowder, 11 to 21 prem.
American securities show a recovery. United
States 5.20 Bonds closed at 681 to 1, being higher
than yesterday ; Erie Railway shares at 581 to 691,
being 1 to 1 better ; Central at 84 to f,i
showing a rally of fully 2 dole., and Atlantic 5,.)
Great Western Railway debentures at 844 to 851. •

MINES.-(THIS DAY.)

Two o'Ctoci.
In the mining market to-day there is a demand
for Chiverton shares, which have risen to 94 to
}On the other hand Chiverton Moor have
lined to 6 to 4. North Treskerby are ,
quoted 3 to Weal Beton, 192} is 4
197} ; East Carn Brea, 5i to ; and West Chives,
tont 70 to 75. The only transaction officially re-
'sided in the Stock is in Exchange(treat Fos
shares, which are marked 344, ex dia.
There is an increased amount of business ha .
foreign and colonial mining shares, and quotations .
are steady. Frontino and Bolivia continue to aced
with enquiry, while Yudanamntana show flatness. '
At a sale of copper ore held at Stresses oa the 10th hot;
1.194 toes were *old for 15;7841. 17s. 6.1. The fdlowies .1
sweats were realised :
Minim

Cobre
Bonviia

s.u•bec

Tow. Amnanti. t
C 25 g 7,907 17 0
667
68
as
If .... lriS 11 6
68 .

Own ..
Goias

-
?Ma ___
£15,76417 6
Them will b. ao obeli lbw I Wiest.

xd

COMMERCIAL AND MARKET&

LIVERPOOL OOTTON MARKET.
(THIS DAY.)
(Mu ous owl omumurommurr.)
(IT msonuo Lin orrialAriocu, sis.zatari.)
Market rather better today, arta& as improved Assisi
The ealui ue reported at about 15,000 to DAOOO balm

ILINCING-LANIL-OH/11 DAY.)
EICOAIL -The nautili has become more active at firm
prices ; the mks include eleyod Nag* at 335. 9d. ; saw
eland. 301. to 31a ; *own, 31s. 68. ; meth-
thi4 38s. ed. Befued shows no improvement in the
demand, bat or are without quotable obsess.
Oohs-Tee small ps'ss of Fast
as
brought* -
public, sale have been disposed at at full current rates.
ebost of Youlep sold at ts. 4d. to sd. '
sows an rolling at steady rates.
BUIL-A small parcel of Leeward' sold at It. Bd. proof.
Rem -About 8,000 bags wild at 10s. 6a. to 10e. 9i. for
"'ft gra*.
firscas have KU at fall priest. Pepper Siogarra few
sash, 3d. Pimonto, middling quality, 2id. otmege
Noon, small, ls. 18. to le. td. ; 2s. x
G utter : Jsaft)ol, 60s. to 71a. ; °whin, ordinary to good
60'. to 77a.
Paorr.-There la • fair inquiry for most devriotions at
full pram. Owen* sold annmeo sew, 244. to 38s. ; old.
22e. to 255. ; raisins. Valencia common to fair, 37.. to 405.;
selected, 41a. to 48s. Parkm figs drums, 40e. to 42a. ;
boss., 43a to Us.; seen. the. to TOL
daidrrirran.-Tbe market is fins bat quiet.
111)160.-llui Wee of East !oda are going off
with improved spirit.' at firmer priers for Bengali ; other
sorts selling at Ily tb• opening ratee.
Coonanant hat auld readily at full prime to a slight
advance.
Covron.-Thero is an improved demand. and bagasse
dose has bum at firm prier.
JUTS was sold without spirit ; but prime are without
quotable dame.
ROM -81. Pobsenbarg, sews. am al 361.

TALLOW MARK/LT.—THIS DAY.
The market is Sao. Tows tallow
spot,usted 47c 64..
see watt ; Piatirsbara; Y.C. on tbe 481.; October.
475. 9d. to 484.; December, 49a.; January to Marsh, 495. dil.;
Marsh. 50n, " bares."

lIISTROPOLITAN °ATMS tea!!.
(THIS
The number et boats is about the same as on Thumb"
last. Choice quslilles are tot plootif al, sad there is a dr-
ama for them. but seared/ at a quotable advance. Trade la
heavy for inferior kind.. Thar, ere very few fresh sheep
up to-day, sad they mot with customary at fully late rates;
otherwise trade is vary heavy. 780
Trade is dull for valves at
Monday's quotations. Oct foreign y consists of
beasts, 4,940481.6 p, 336 calves, sad 120 pip.
I Per 96309 44 abs. 9. 6. •d. ran t....+ elbs. s. d. a. I
119191•46.1•4•14 s. 6 • • 4 Dad Dada 116.944119 0 0 $
10 a
11194 5194.44menr• •4 II 6 0 Duet Leog-w00t5.... I
111•••• qua Iseult S • 5 4 Ds. 69. suers
.... 0 0 •
elves
rip
similissinsP46 sIII • lambs
Swim at market, 1,170: oheep and lambs, 7,590. calves, VOO ;
Op 1. CIL -

SMITHFIELD HAY MARIEST.—(THIS DAY.)
6r. Obsrlis Jams FAA= marts trade slow st la*
day's prism :—Piisa• Amor, from 113 s. to 1265. ; Water
ditto, 100 a so 110 s.; prim• hay. %a ra 106 s. ; Widen
ditto, 6OL to 1101. ; piny, fine, 265. ining.