The Express.
London, England, 1865-02-28 00:00:00

MONEY MAREET.-{THIS DAY.)

Two o'CLocz.

In the stock markets to-day business is languid,
and theigeneral tendency of prices rather unfavour-
able. Consols show a fresh decline of per cent.
as regards the quotation foe the March settlement,
while that foe money is unaltered. The govern.
ment broker has bought 10,0001. New Three per
Cent. Stock. Home railways are weaker. Foreigu
stocks, however, are well supported. Alliance
Bank shares, at 8 to 8,1 prem., chow scarcely any
recovery from the severe fall which took place
yesterday afternoon.

There is a moderate demand for discounts to-day,
and the rate for the beet three months' bills
is still quoted 41 to 4} per cent. In the Stock
Exchange, however, the charge for short loans on
English government securities has risen to 3} to 4
per cent., the supply of money having diminished,
through withdrawals to pay some of the half-yearly
railway dividends.

At Paris to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Routes opened at
67fr. 60c., being sc. lower than yesterday.
Consols are now quoted 881 to 89 both for
money and the account (March 9). The official
business report is as follows :—Three per Cent.
Consols, for money, 881, 89, 881 ; ditto for
account, 89, 881; Three per Cents. Reduced,
881, 1. New Three per Cents., 881, 1, 1 ;
Bank Stock, 246 ; India Stock, 215 ; ditto
Five per Cent. Stock, 104, 1031; ditto Bonds, 10e.,
14a. prem. ; and Exchequer Bills, 65., 3a. prem.
Foreign stocks are steady, and as regards Greek,
Spanish Passive and Certificates, and Turkish Bonds
of 1862, an improvement of } tot percent. has taken
place. Some of the present quotations are annexed,
viz.:—Greek Bonds, 211 to ; Mexican, 26f to
; Confederate, 48 to 50, ex div. and drawing ;
Spanish Passive, 321 to f ; the Certificates,
15} to f ; Turkish, of 1858, 721 to 731 ; ditto
1862, 71 to 1 ; and the Coneolidffe, 521 to 1.
Transactions are recorded as follows ;—Brazilian,
1863, 821; Dutch Two-and-a-Half per Cents., 631
Egyptian, second issue, 1001. Bonds, 981 ; ditto
1864, 951 ; Greek, 211 ; Italian, 1865, 751 ;
ditto scrip, 11, f die. ; Mexican, for ac-
count, 261 ; Russian, 1862, 891 ; ditto,
1864, 91 ; Spanish New Deferred, 411 ; ditto,
Certificates, 15f, 1; Turkish, 1862, 701, 711;
ditto, for account, 71, 1 ; ditto 1001. Bonds, 711.
International Financial shared, are now quoted
1 7-16 to 9-16 prem., ex div. ; General Credit, 115.16
to 21-16 prem., ex div. ; London irmancial, 6} to 1
prem., ex div. ; Imperial Mercantile, 11 to 2 prem.,
ex div. ; Hudson's Bay, 151 to 1 ; Ottoman SochSta
GiniSrale, 2 tot prem., ex div.
The quotations for the shares of some of
the new companies are subjoined :—City of
Milan Improvements, 3/ to 1 prem. ; Metropoli-
tan District Railways, 31 to 1 prem. ; China
Steamship and Labuan Coal, 1 to oi die. ; Rio
Janeiro Gas, Ito 1 prom. ; Weet London Docks
and Warehouses, 11 to 2} prem. ; and Yarns Rail.
way, t die to par.

FOUR O'CLOCK.
Consols are fist, at 894 to for money, and
881 to 89 for the account.

There were no transactions in gold at the Bank
yesterday. The demand for export is not very
strong, and it is expected that the arrivals from
Australia and America will prove for the present
about sufficient to meet the continental demand.
The Africa, being from Boston, has brought only
1,500/. in specie.
The Royal Mail Company's steamer Shannon
arrived at Southampton yesterday, with the West
India and Pacific mails. Bhe has in specie
1,997,568 doles, or nearly 400,0001. sterling. She
also brings the details of the manner in which the
settlement of the Spanish Peruvian difficulty—
news of which had previously been received here
by telegram—was effected. It appears that the
Spanish Admiral Pereja appeared before Callao
with his fleet, and sent in an ultimatum which
wax to be answered in 48 hours. It was ultimately
accepted, with some alight modifications. The
terms are described as much the same as those in-
sisted on by Senor Pacheco, the Spanish minister
at Madrid, but with the addition that Peru is to
pay 3,000,000 dole. (about 600,0001.) foe the
expenses of the expedition. This shows the accu-
racy of the doubt expressed a few days ago with
regard to the amount of the indemnity payable to
Spain, which was then absurdly rumoured as
4,000,0001. sterling. The effect of the present ar-
rangement is that Peru at once regains possession
of the Chincha Islands.
We are informed that Mr. Duncan Fletcher, of
London, who retired from the firm of Fletcher and
Co., of China, in June last, but is still largely in-
terested in the business through outstanding engage-
ments, has thought it right to call upon the house
to wind-up their affairs, and that steps have been
taken by him for that purpose, in conjunction with
their creditors. The establishment has existed for
many years, and has occupied a high position, but
is understood to have made heavy losses of late,
both in tea consigned to this country and in cotton
goods sent from here to China. The liabilities are
computed at about 500,0001., but the liquidation, it
is believed, will prove satisfactory, the house being
considered wealthy.
At the meeting yesterday of the Continental Bank
Corporation, the directors' report was adopted. It
stated the total loss on the operations of the six
months at 19,5001., which is reduced to 13,4091.,
after deducting the net balance of profits and the
reserve fund. The directors recommended that
the deficiency should be written off the capital
account. . . .

A few days ago it was officially announced that
the "basis" of an amalgamation between the Alli-
ance and the Consolidated Banks bad been decided
upon, subject only to the " arrangement of
details." Yesterday afternoon it was authoritatively
intimated that the ' negotiations for amalgamating
the Alliance and Consolidated Banks have been
broken off, in consequence of unforeseen difficulties
which have arisen, irrespective of the business of
either company, the committees on both sides
hating declared themselves perfectly satisfied with
their investigation so far as it bad gone." The im-
mediate consequence of this announcement was a
great fall in Alliance Bank shares. The shares
of the Consolidated Bank, on the other hand, were
stronger.
The annual meeting of the Van Diemen'a Land
Company will be held on the 16th March.
The half-yearly meeting of the Ottoman Railway
Company will be held on the 31st March.
Creditors of the Strand Music Hall Company
(Limited) are required to send the particulars of
their claims to Mr. William Turquand, the official
liquidator, by the 16th of March, the 23rd of that
month having been appointed by the Master of the
Rolls for adjudicating upon them.
The following is from the Levant Herald of the
15tb inst.

The negotiations on far. Laing's scheme for the conver-
sion of the home debt have been resumed, and some im-
portant modifications have been made in the project, its
success. we have reeeon to believe, may now be considered
probable. One especially objectionable feature in the oriel-
eel form of the measure--a feature which would have placed
the holders of the new stock in an analogous poaitios to the
Porte to that occupied some three years ago by the Me:l-
eas bondholder' to the Juarez government—bas been eli-
minated, and the Ottoman Bank having at the same time,
it is said, withdrawn its protest and left the atheism I.
stand or fall on its merits, the affair may now be regarded
es is a mock more likely tram to local scams at ell eves*
their Mr. Laing's agents permitted themselves to hope ten
days ago. Many important detail being still sub judice,
it would be premature, if not unfair, to canvass their merits,
and we therefore continue to suspeod serious criticism of
the *aheme until the ism el its acceptance or rejection by
the government have been finally settled.

_
Yoanar EVIIMIG.

wbich closed on Saturday at 89t,
"buyers," for the 9th of Karel, opened this

morning at the same quotation, and closed at 89
to 1. For money the last price was 881 to 89. The
official business report is as follows :—Three per
Cent. Consols, for money, 891, t, 89, 4, 881 ;. ditto
for account, 891, t, 89 ; Three per Cents. Seduced,
884, 1 ; New Three per Cents., 89, 881, ; New
Two-and-a-Half per Cents., 714, 1 • India Stook,
2151 ; ditto Five per Cent. Stock, 104, 1031 ; ditto
for account, 104 ; Five per Cent. "enlaced^ rupee
paper, 101/ ; ditto Five-and-a-Half per Cent., 1091.
The India Five per Cent stock was steady. Ex-
chequer Bills remain at 3a. to 6s. prem.
Foreign stocks are generally well supported, and
in several cases prices improved, notwithstanding
the heaviness of Console. Italian stock and Egyp-
tian scrip rose about 1 per cent. Turkish Bonds of
1862 4, the Contend t to t, and Guatemala
Bonds about 2 per cent. There was, however,. a
reduction of *to per cent. in Spanish Puttee
Bonds and Certificates, and 1 in Montevidean scrip.
Greek Bonds were steadier than on Saturday, but
the Coupons were slightly lower. Confederate
Bonds were quoted 48 to 50 ex the dividend and
drawing.
- • .

An improvement was quoted in Agra and Mas-
terman's Bank, East London, European, London
Bank of Scotland, and Eastern Exchange Bank
shame ; but South Eastern Bank and Bank of
Hindustan were rather flatter.
Hudson's Bay shares were last quoted 154 to 4;
Egyptian Trading, 4 to I prem. ; National Dis-
count, 94 to; prem., being rather firmer; Joint
Stock Discount, 14 to 14 di& ,• Ottoman Societi
(Wanks 2 to 24 prem. ; and City of Milan Im-
provements, 4g tog pran , being 10& to 12& 6d.
higher than on Satnr&y. *British American Land
shares were quoted about 1/. 10s. lower. Oriental
Commercial, Panama Royal Mail New, and City of
London Real Property shares were also rather
weaker, but a alight improvement took place in
National Steam and }Hawaii Iron Works.
The shares of the financial companies were
quiet at Saturday's prices. The closing quotations
are annexed, viz. :—lnternational Financial, 14 to
prem. • General Credit, 2to prem. ; London
Finandal, 64 to 4 prem. • Imperial Mercantile
Credit, 14 to 2 prem. ; and Credit Fonder and
Mobilier (old shares), 3# to 4 prem.
The closing (but in some cases nominal) quota-
tions for shares in new undertakings are subjoined :
—Metropolitan District Railways, 3# to prem. ;
General Irrigation of France, to prem. • Rio
de Janeiro Gas, I to 1 prem. ; West London
Warehouses and Wharves, 2 to 24 prem. ; Varna
Railway, to 4 prem. ; Dagenham Dodui,4 to 14
prem. ; and Regent's-park Estate, par to 1 prem.
The letters of allotment of the China Steam and
Labuan Coal Company were distributed this morn-
ing, and the prioe has declined to 1 to 04 dis.