The Express.
London, England, 1865-01-06 00:00:00

1107117 msairin—(Tula DAY.)

Two o'Osoom.

The stock markets have been rendered dull to-
day by the less favourable character of the returns
of the Banks of England and France. Business is
limited. The funds have declined I per cent.
Except ae regards the Confederate Loan, however,
which has given way, there is no general reduction
in the quotations of other securities, though the
immediate tone is one of dulness.

The return of the Bank of France, just issued,
shows an increase of 3,760,00 W. in the bills dis-
counted, and a decrease of 1,190,0001. in the coin
and bullion.

At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent. Bastes were quoted
67.76, being I per cent. lower than yesterday.
The demand for money continues moderate, and
the rate for the best acceptances is unchanged at a;
per cent. The downward tendency of the market
appears to have been partly checked by the state-
merits just issued by the Banks of England and
France. In the Stock Exchange loans from day to
day on English government securities are in re-
'quest at 5} per sent.
Consols are quoted 89# to 1, ez div., both for
money and the account (Jan. 10). The official
business report is as follows :—Three per Cent.
Consols, for money, 89k, # ; ditto for
account, 891, ; Three per Cents. Reduced,
89, 881 ; New Three per Ceuta., 881, 89 ; India
Stock, 212 ; ditto Five per Cent. Stock, Io3{ ;
ditto Four per Cent. Debentures, 1866, 973 and
Exchequer Bills, March, 541. prem.
Confederate Bonds have declined 1 to 2 per cent.,
while other foreign stocks are generally steady.
Some of the present quotations are annexed,
viz. :—Greek Bonds, 23} to 1 ; Mexican, 28}
to f, ex div. ; Confederate, 52} to 53} ; Spanish
Passive, 32} to } ; the Certificates, 14} to ;
Turkish, of 1858, 701 to 71} ; ditto 1862, 691
to 701, ex div. ; and the Coneolidda, 48} to 1.

Transactions are reoorded as follows:—Danubian
scrip, 4, dis. ; Egyptian, 1001. Bonds, 974 ; ditto,
1864, 954, 4 ; Mexican, for account, 284, 4, ex div.;
ditto, 1864, 28/, ex div. ; Russian, 1822, 894, # ;
ditto, 1850, 881, 87, ex div.; ditto, 1869, 541 ; ditto,
1862, 884, 89 ; Spanish New Deferred, for account,
404 ex div.; ditto Passive, for account, 324 ;
Turkiab, 1858, for account, 714, 4 ; ditto, 1862,
for account, 694, 704, ex div. ; ditto 1001. Bonds,
704, 691, 704, ex div. ; Venezuela, for account,
48 ; ditto, 1864, 424.
Egyptian Loan scrip is now quoted 14 to # prem. •
Danubian, # to # dia. ; Monte Vidalia, 24 to #
prem. ; and Atlantic and Great Western Railway
Certificates of Debenture, 1 to 14 prem.
International Financial shares are now quoted
24 to 4 prem. ; General Credit, 34 to
prem. ; London Financial, 84 to # prem. ;
Imperial Mercantile, 31 to 4 prem. ; Hudson's
Bay, 164 to 4 ; Anglo-Egyptian Bank, 4 in
prem. ; and Ottoman Sochitei Gl4nifrale, 24 to #
prem._

With regard to the probable immediate course
of the market, opinions differ. In some quar-
ters stress is laid upon the difference of 1i
per cent. which exists between the minimum
rate of the Bank of England and that of the
Bank of France, and upon the influence of the
dividend payments, which will commence on Mon-
day next. It must be borne in mind, however,
that a large sum has to be repaid to the Bank by the
lookers, discount establishments, and others, during
the next week or two. Last night's Bank return shows
that in a single week advances or discounts to the
extent of close upon 2,000,0001. were taken, causing
• heavy decrease in the reserve. At the moment,
too, a large portion of the current arrivals of gold
are diverted to the Continent.
The amount of gold purchased by the Bank yes-
terday was 19,0001.

The Cit 7 of Cork, from New York, has brought
232,0061. in specie.
The North Eastern Railway traffic return shows
this week au increase of 6,1021. over last year ; the
Lancashire and Yorkshire a decrease of 630/. ; the
Midland an increase of 8,7161. ; and the Manches-
ter, Sheffield, and Linoolnabire an increase of
2,0291. _ _ _

At a meeting of the directors of the Ocean Ma-
rine Insurance Company yesterday, it was resolved
to bold the annual meeting at the London Tavern
on Monday, the 30th inst. The transfer books to
be closed from the 18th until the 30th instant. The
directors recommend the payment of bs. per
share as interest and 20s. per share as bonus also
carrying 30,0001. to the reserve fund. The directors
further recommend the payment of bs. per share
as interest in July next. No effect seems to have
been produced on the price of this company's shares
to-day.
It is officially notified that the dividend to
be recommended at the meeting of the Inter-
national Financial Society will be 7s. 6d. per
share, making, with the 2s. 6d. per share interest
paid last July, 10 per cent. for the year. 5,0001. is
also added to the reserve fund, raising it to 23,0001,
and 20,0001. is varied forward to the new account.
It will be remembered that, according to the report
submitted at the first general meeting of this society
on the Ist March, 1864, a balance of 78,6801. was
brought forward, besides the reserve fund, then
standing at 18,0001. Much criticism being caused
on that oocaaion, however, by the fact of 17,140
shares in the Hudson's Bay Company being valued
in the accounts at par, while the price stood in the
market at a considerable discount, the understand-
ing was very properly arrived at that in future the
company's securities should be taken at the market
value. It is understood that this has now been
done, and we must assume that herein lies the chief
explanation of the apparently less favourable state-
ment put forward yesterday. Speculators in the
Stook Exchange have been disappointed at learn-
ing that the dividend for 1864 is, in all, only 10
per cent., against 25 per cent. for 1863.

The first ordinary general meeting of the Con-
solidatedpiscount Company (Limited) is convened

for the 20th inst.
In the Bankruptcy Court on the Ist February •
Kitting is to take piace to make a call of IL per
abate on the ooutributories of the Union Discount
Company (Limited).
• _

. _
The annexed circular has been sent to the share-
holders in the Littlehampton, Havre, and Honlienr
Steam Ship Company (Limited).

84,—1 am instructed by the directors to send you here-
with a report of the proceediep at the first ordinary
g=l meeting of the Littlnampton, Havre, and Heiler
nip Company (Limited), and at the same time to
call your attention, is one of the original allotted el name
in the company, to the fact that, mars additienal capital
is at owe forthcoming, it will be nieconsry that the rem-
nay shall be wound up, in which owe not gaily would an
Itadertakier which the dit action and all other passe who
have exantind it believe could hardly fail, when onee elfish.
lisped on a substantial buts, to produce large Mane on
the money invested in it, be bronchi to an untimely eng-
ages, Jost at the moment when the bade is begineing to
be de elopd, but the shareltoldere of the company would'
sena, km all that they have already "Inscribed, sad be
liable also to cells from the bquldator te nisei debt at the
present moment indebted*. Ulcer these oiromnstaam
and ia the hops of devising some means of
the bminses of the company, the direction Cirrogtqnt it
advisable to invite all the original abeam and pawn
registered hoiden of shame to ewer with them as to tim
beet 000210 to he parened. They have reason to Innen
that • cell of IDs. par share, if prceaptly world p
to relieve the sampan,from its primed es
and iy the foundation of a enemegul tense for the nem
They hope that you will reepoad Mtn invitation white they
to you le deafer with them, ad War ente
Hoer
me may wear to you cm the Wenn With lids
view I am inehnstsd basic you ho Join the arenas Ma
their friends at as beformal seeetiag at 41, Arthiretrimi
en Tuesday, the 10th day or January heat. at 3 p.m.—l
am, en, 112.11 IL WOOD. illemetam
I 4, Aribudrast Nark Linden, Dee. 79,1894.