The Express.
London, England, 1865-09-23 00:00:00

MONEY MARKET.-(THIS DAY).

Two eftooz.

The funds are dull to-day, and the price of Con-
boll for the account shows a decline of 1.16 per
cent, but otherwise the stock markets are gene-
rally Sr= Some of the speculative foreign stooks,
especially Turkish Consolidite, are more inquired
for. Metropolitan Railway stock, however, has
given way.
The discount market is quieter. to-day, and the
supply of money has increased, yet the general rate
for the best paper is still 4 per cent., transactions
at si being exceptional. In the Stock Exchange
loans from day to day on English government seen-
' rities are obtainable at 2} to 3} per cent, being a
somewhat lower rate than yesterday. _

At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent. Rental opened at
68fr. 50c., being per cent. better than yesterday.
Consols are now quoted 891 to 1 for money, and
891 to 1 for the account (October 10.) The
official business report is as follows :—Three per
Cent. Consols, for money, 891, ; ditto, for
account, 89/, 3 ; Three per Cents. Reduced, 87/, f ;
New Three per Cents., 871, ; Bank Stuck,
for account, 250 ; India Stock, 217 ;
ditto Five per Cent. stock, 1051 ; ditto Bonds. 22-.
prem. ; live per Cent. " enfaosd" rupee paper,
1011 ; and Exchequer Bllls. 3s. die.
Foreign stocks are firm. Turkish Consolid6s
have advanced 'per cent., Confederate about
1, and Spanish Passive and Certificates 1-
Greek Bonds are dull. Some of the present
quotations are subjoined, viz. :—Greek, 201
to 211 ; Turkish Consolidie, 50 to I ; Spanish
Passive, 30 to ; ditto Certificates, 141 to 15 ;
Confederate, 7 to 8 ; and Mexican, 25 to 1.

Transactions are recorded as follows :—Brazilian,
1863, 714, 4 ; Dutch, 614 ; KiTYPtian• 1864, 96, lc
6 ; ditto 1001. bonds, 964 ; Greek, for account, 21 ;
Italian, 1865, 803, 4 ; Mexican, for account, 25 ;
ditto, Anglo-French, 5171 ; New Granada, 141 ; Por-
tuguese, 1856, &c., 46/ ; ditto, sect., 461, 4 ; Rnssian,
1850, 89 ; ditto 1862, 924 ; Spanish, New Deferred,
for account, 394 ; ditto Passive, for account, 30 ;
ditto Certificates, for account, 144 ; Turkish, 1862,
for account, 743 ; ditto 1001. Bonds, 743 ; Vene-
zuela, for account, 17.
The scrip of the new Brazilian Loan is in demand,
and has advanced to 24 to 3 prem.
United States 5-20 bonds and Erie Railway share
are rather firmer ; the former are now quoted 684 to
; and the latter 574 to 4. llliooia Central Railway
shares are called 804 to 4, and Atlantic and Great
Western debentures, 874 to 88.
International Mancha shares are now quoted
13 to 4 prem. ; General Credit, 2 to 4 prem.,
div. ; London Financial, 83 to 4 prem., ex
div. ; Imperial Mercantile, 14 to 3 prem. ; Credit
Fancier and Mobilier of England, 44 to

pees ; Hudson's Say, lbj to 16 ; and °reread,
Gurney, and co., 41 to I prem.

HALF-PAW Two o'CLocz.
Console are rather firmer at 89k to I for money,
and 8911-16 to 13-16 for the amount.

About 45,0001. in gold was taken to the Bank
yesterday.
The foreign exchanges yesterday afternoon were
firm, without any alteration of importance.
anletertlaas, 3 mouths, 12.01 to 1 ; ditto, 3 days, 11.181
to 191; Rotterdam, 3 moatas, 12.01 to l; Antoarp.
3 essintbs. 25.50 to 55 ; Hamburg, mate based, 3
mootbs, 13.9 i to 10 ; Para, 3 days, 25.20 so 276 ; ditto, 3
mouths, 25.45 to 50 ; Franklort-on.tho-Maine.:t mouths,
lag to 1; Petersburg. per rouble, 3 Months, 301 to
Yiseoti 3 mouths, off So.' 11.20 to 23 ; Tries.. ditto,
S meths, 11.20 to 25 ; Madrid, S months, 471 to 1
WM, 3 mouths. 471 to 1 : Leghorn, 3 months, 25.576
to 80; Mike, 3 montMi, 25.571 to 60; Genoa, 3 emaths,
25.576 to 60 : Naples, 3 months, 25.571 to 60 ; Palermo. 3
mouths, 25.576 to 60; Marisa. 3 mouths, 25.571 to 60 ;
Lobos, 90 days, 511 to 1 ; Oporto, 90 days, 516 to 6.
The Caledonian Railway traffic return shows this
week an increase of 589/. over last year.
From the accounts of the half-year ended July 31
last, the board of the Great Western Railway of
Canada have decided on recommending a dividend
at the rate of 2 per cent. per annum, leaving a
balance of 3,2051. 7s. 3d. to be carried over.
The prospectus of the expected issue of 800,0001.
sterling bonds of the Erie Railway Company was
Wooed last evening. The Erie is the great arterial
railway extending from New York to Dunkirk—
the nearest point on Lake Erie. At Salamanca it
joins the extensive system of the Atlantic and
Great Western, end, through that company, the
Ohio and Mississippi Railways (now cousohdated),
altogether forming one complete continuous route,
with a uniform unbroken gauge, from St. Louis, on
the Mississippi, to New York. The length of the
Erie Railway and its branches is 797 miles, and
the dividend it has lately paid on the ordinary
stock has been at the rate of 8 per oeat, per
annum. The present issue of bonds will be an
increase to the capital, for the purpose
of defraying the coat of rolling stock, &c., re-
quired by the extraordinary increase of the traffic.
The terms of the issue are in many respects advan-
tageous to the subscriber. At the price of 75 per
1001. bond, repayable at par in 1875, and taking
into account the allowances, the return to the sub-
scribers will be about 10 per cent. per annum.
Principal and interest are payable in sterling money
in London, free from all Federal or State taxation.
In addition, the bonds contain a stipulation that
they shall be convertible at any time within ten
years, at the option of the holder, into ordinary
stock of the company, at the rate of five shares of
100 dollars each for every 1001. bond. Consider-
ing the long duration of this option, and the rapid
progress of affairs in America, there is a great pa-
sibility that it may hereafter become very valuable.
Applications are invited by Messrs. J. S. Morgan
and Co.
It is satisfactory to notice that the Pernambnco
Railway Company have ao pounced their intention
to pay next month the deferred dividend warrants
now out, and to pay a similar dividend for the half
year just ended.
A call of 41. per share, or 400,000/. in the aggre-
gate, fell due yesterday upon the shares in " Overend,
Gurney, and Co. (Limited)." A further call of 41.,
making 151. paid on 1,500,000 L, is payable on the
I 15th of Nov., and beyond this it is not intended to
make any additional calls.
Notice is given of the closing of the transfer
• books of the Central Argentine Railway Company
(Limited), forthe purpose of making up the guaran-
teed intereat for the half-year ending the 29th inst.,
at 7 per cent. per annum.
The fifteenth half-yearly ordinarygeneral meeting
of the Cape Town Railway and Dock Company will
be held at the London Tavern on the 13th of Oc-
tober.
We are requested to state that the share list of
the Channel Steam Sbip Company (Limited) will
be closed on Thursday, the 28th inst., and that of
the Birkenhead Amalgamated Brewery Company
on the 30th.

The Emigration'Commissioners will receive tenders
on the 28th inst. for the hire of a ship to carry
passengers to Brisbane, Queensland.

FRIDAY Emma.
Consols, which closed yesterday at 893, "sellers,"
for the 10th October, opened this morning at 893,
and closed at 893. "buyers." For money tle
last price was 893 to The official business
report is as follows :—Three per Cent. Consols,
for money, 893, 3,3 • ditto, for account, 893;
Three per Omits. Redrieed, 88, 873, 88; New Three
per Cents., 873, 88, 973, 88 ; India Five per Cent.
Stock, 1051, 3 ; ditto Bonds, 255. prem.; Five per
Cleat. "enlaced" rupee paper, 89.
The goverument broker made his usual purchase
to-day for the sinking fund, via., 10,0001. New
Three per Omits.
Tb• Lglia TITO per Cast. Stock was steady* I
I India Bonds were purchased at 25a. prem. hi-
chequer Bills remain at 3s. die. to Is. prem.

& -

Foreign stocks were heavy: There was a decline
of } per sent. in Italian, in &path& Three per
Cents. and Turkish of 1868, I m Venezuela De-
ferred, it in Spanish Passive and Mexican, end 11
in 1111130111 Bonds of Mi.
Pending the allotment Brazilian scrip was quiet,
and closed at 24 to 24 prem.
The shares of the financial companies were un-
altered, with the exception of an improvement of
I about 2s. Bd. in Credit Foncier and Mobilier, which
areapparently scarce in the market. Theclosing quo-
tations were as follows:—lnternational Financial,
toll! prem. ; General Chedit,letrout prem.; LOSCIOR
Financial, 84 to } prem. ;1m • Mercantile Cre-
dit, 14 to prem. ; Credit Fonder and Mobiliez,
4 i-18 to 9-18 prem.
National Discount shares were last quoted 104
to 4 prem. ; Joint Stook Discount, to } di.;
Egyptian Trding, to f die., being 2s. Bd. lower ;
Ottoman Soci4t4 Gifnerale 2} to prem. ; Btulson's
Bay, 154 to 18 ; Lion Brewery, 11 to
quoted
2.
prem. „-
and Atlantic Telegraph Preference, 1 to
Metropolis Sewage shares were 114 to
12} prem.
In the market for bank shares the variations in
prices were limited to an improvement in Commer-
cial Bank of India, and a slight decline in London
and South Western and Merchant Bank.
United States 5.20 Bonds closed at 684 to being
steady. Atlantic and Great Western Railway
Debentures were quoted 874 to 88.