The Express.
London, England, 1865-03-07 00:00:00

MONEY XARIMT(THIB DAY.)

Two o'Cioox.

The stock markets remain very dull, and the
tendency of priors 40-day is in some oases rather
unfavourable. The funds remain at yesterday's re-
duoed quotations, although the purchase by the
government `broker has included, besides 10,0001.
New Three per Cent. stock, 50,0001. of Ex-
chequer Bills, onalned at ss. prem. Most of the
speculative fore's' stocks, and some of the home
railways, are alseelather lower.

The discounOttarket continues quiet, but no
transactions arel reported below 4+ per cent. The
rate for loans from day to day on English govern-
ment securities in the Stock Exchange is to 4
per cent.

_
At Paris to-day, according to Mr. Renter's
teegram, the Three per Cent. Rentee opened at
67fr. 85c., showing no change.

Consols are now quoted 84 to 1 both for money
and next Thursday's settlement, and 89 to 1 for the
new account (April 6). The official busing=
report is as follows :-Three per Cent. Console,
for money, 881, ; ditto for acoount, 881;
Three per Cents. Reduced, 871, 87, 1, 87 ;
New Three per Cents., 87, 1; New Three-and-
s-Half per Cents, 93 ; Bank Stock, 248 ; India Five
per Cent. Stock, 1033, 104 ; ditto Four per Cent.
Debentures, 1866, 981 ; ditto Bonds, 15a., lls.,
10s. prem. ; Four per Cent. "outlined " rupee
paper, 90 ; and Exchequer Bills, 4a., 55., 7s. prem.
Foreign stocks are fiat. Greek, Mexican,
Spanish Passives and Cortiketea, and Turkish
Consolid6s, have declined to # per cent. Confe-
derate Bonds have again fallen 1 per cent. Turkish
Bonds of 1858, however, are k per cent. better.
Some of the present cpuitstions are annexed,
viz.:-Greek Bonds, 201 to 21; Mexican, 26 to
1 ; Confederate, 39 to 40, ex div. and drawing ;
Spanish Passive, 324 to ; the Certfficates,
16 to 1 ; Turkish, of 1858, 70 to 1, ex div.; ditto
1862, 72 to ; and the Consolid4s, 531 to 1.
Transactions are recorded as follows ;-Bra-
zilian, 1852, 1858, 1880, 821; Dutch Two-
ande. Half per Cents., 631 : ZlClPtian, 941,
1, ex div. ; ditto, 1864, 954, 3 ; Mexican,
261, ; ditto, 1864, 261; ditto Anglo-French,
52 ; Moorish, 941 ; New Granada, 121 ; ditto Two
per Cents., 28 ; ditto Deferred, 61; Portuguese,
1856, &c., for account, 471 ; Ruesian, 1860, 86f ;
Spanish, 48, ; ditto, New Deferred, 401 ; ditto,
Passive, for account, 321 ; ditto Certificate', 161,
; Turkish, 1858, 691, ex div. ; ditto for ac-
count, 70, ex div. ; ditto 1001. Bonds,
241, ex div. ; ditto 1862, for account, 721; ditto
1001. bonds, 721 ; Venezuela, 1862, for account,
43 ; ditto, 1864, 4L
International Financial shares are now quoted
14 to 11 prom., ex div. ; General Credit,
21 to 21 prem., ex div. • London Financial, 51 to 6
prom., ex div.; Imperial Mercantile, If to 2
prem.,ex div. ; Hudson's Bay, 161 to 151 ; Otto-
man Soci4t6 G4udrale, 21 to f prem.
The quotations for the shares of some of
the new companies are subjoined :--City of
Milan Improvements, 41 to 1 prem. ; Metropoli-
' tan District Railways, 41 to 5 prem. ; China
Steamship and Labium Coal, 11 to 1 dia. ; Rio
Janeiro Gel, f to 1 prem. ; West London Docks
and Warehouses, Ito prem. ; Varna Railway,
11 to 21 prem. ; and South African Land and Fi-
nance, to 11 prom.

Fou o'CLocc

Consols are flatter, at 88} to I, both for money
and next Thursday's settlement, and 881 to 89 for
the new account. No gold has been sent into or
withdrawn from the Bank.

The Mexican dollars by the steamer Shannon
were sold yesterday for China at fa. per ounce,
showinic no alteration. The market for bar silver
is inactive. . .

At Shanghae the exchange has experienced the
important rise of lid. On the other hand, the '
Canton exchange has declined id., the Bombay id.,
and the Calcutta id. The former movement is
against, while the latter variations are in favour
of England. At Calcutta the rate of discount has
advanced 1 per cent.
The directors of the East Indian Railway Com-
pany have announced that they are prepared to re-
ceive applications at par to the extent of 1,200,0001.,
for o per cent, debentures, for five years, and re-
newable at the option of the holder for a second
term of five years. These debentures will also
carry the option of conversion into shares. Pay-
ment of both principal and interest is guaranteed
by the Secretary of State for India.
A telegram just received states that the re-
ceipts of the Great Western Railway of Canada,
for the week ending the 17th February were only
4,7181., against 12,9121. for the corresponding week
of last year, thus showing the large decrease of
8,1941. This falling off, it is explained, "is owing
to the American lines eastward being unable to take
oft the freight brought to them, the effect of the
passport system being also to interrupt passenger
traffic."

The prospectus of the South African Land and
Finance Company (Limited) is issued. The object
may be inferred from the title. As a commence-
ment, the company has provisionally purchased
certain lands in the eastern province of the Cape
Colony, and in the Orange River Free State. These
estates comprise 246,000 acres, and one of them boa
15 miles of frontage along the Orange River. It is
mentioned that " the price of these, with the
buildings thereon, including all preliminary ex-
penses up to the allotment of shares, has been
based upon a computation of from 2s. 6d. to 12a 6d.
per acre according to the locality." Of the purchase
money 35,0001. is to be paid in debentures, and the
remainder (90 0001.) in cash instalments extending
over a
dpericat of eighteen months. A minimum
divides of 7 per cent for the first year, and 10 per
cent. for the second and third years, is guaranteed
by the vendor upon the paid-up capital. In expla-
nation of the objects of the company it is further
' mentioned that it proposes to buy and lease farm
lands, to improve them by irrigation and other
means, to import and sell agricultural implements
and stock, to make advances against produce, to
organise a regular system of transport of met-
chandime from the ports to the inland towns, and to
negotiate loans for public works in the colonies.
Five gentlemen have offered themselves as a local
board. The capital proposed is 500,0001., with a
first issue of 01000/., in 10,000 shares of 251. each,
on which if. is to be paid on application and 41. on
allotment. . . .

Another new undertaking is the Isle of Wight
Company (Limited), which proposes to raise a
capital of 100,0001., in 10,000 shares of 101 eacb,
on which 10s. is to be paid on application and
11. 10e. on allotment. This company intends to
acquire two hotels near the pier at West Cowes and
one of the railways, and also to build hotels at the
other principal places in the Wand, especially at
Ventnor, Ryde, and Sandown. The company is
also at once to enter upon the business of the
Isle of Wight Packet Company (Limited), "with
increased facilities in the traffic arrangements of the
railways."
The annual meeting of the Scinde Railway 001111.
pany is convened for the 29th inst.
The transfer books of the Continental Union Gas
Company (limited) are to be closed front the 7th till
the 13th inst., for the purpose of declaring a divi-
dend. _ _

The report of the directors of the Ekes Life As-
eurance Society, presented at the annual meeting
yesterday, stated that during the year 1884, the
number of proposals received wee 1,830, and of poli-
cies issued, 1,181; the sum /enured thereby being
458,9301, and yielding in annual preadusu
15,4001. 14 91 These reed* the directors re-
mark, " are larger in every respect than the
business of any preceding year., ' The lemma of the

3

society, from all seeress, now amounts to 120,4941.
es. ud., and the aeoumulated fund to 590,2491. 19s.
The claims have Featly exceeded those of •
Park. the sum of 54,5091. having been paid to the
representatives of 112 persons deceased, insured
under 136 policies. It is added, however, that
the calculations of the society provided for 158
deaths, sod that, consequently, the above number
is within the average expected and provided for.
In the matter of tee Taranaki Steel Iron Company
(Limited), the Court of Bankruptcy has appointed
a final meeting for the 25th inst.
We are requested to state that the share list of
the Wholesale and Export Drug Company (Limited)
will be closed for the allotment el shams on
Saturday, the 11th instant, for London, sad on
Monday, the 13th, for the country. The directors
have appointed as their warehouse manager
William Charity, who has held a similar position
for the last fourteen years with Messrs. Barron,
Harvey, and Co.
The Bombay and Mauritius mails, via, Marseilles,
are expected to be distributed in London about the
9th inst.

MOIDAT EVEIMIO.
Console, which closed on Saturday at 88/ to 89,
both for money and next Thursday's seWnsmt,
opened and closed to-day at 881 to For the
6th of April the last price was 89 to I. The " con-
tinuation was to 5.16 per cent. The official busi-
ness report is as follows :—Three per Cent. Con-
T6for money, 88f, ; ditto for amount, 881, ;
Three per Cmta. Rduced, 87, t, 87 ; New
Three Per Cents., 87i, 87 ; India Stock, 246 ;
ditto Five per Cent. Stock, 1031, 104, 1031:
Five per Cent. • enlaced " rupee paper, 101.
The Int.ia Five per Cent. Stook remains steady
Exchequer Bills were quoted 4s. to 7s. prem.
Confederate Bonds have ced a fresh fall
of Ito 2 per cent. Turkish • es were again
in demand, and rose per cent, owing to the ex-
planations given in the Dray News of this morning
with reference to the project of the General Credit
Company of London for a reorganisation of the
Turkish home debt. Turkish Bonds of 1862
were also quoted better, but those of 1858 ware
slightly flatter. Spanish Passive Bonds have again
risen j, purchases being steadily continued for ao-
count of persona who are supposed to be acquainted
with the progress of certain negotiations at
Madrid. It is noticed, however, as a suspicious
feature that the Passive Debt does not share in
the improvement Spanish Three per Ceuta, Ve-
nezuela Bonds of 1864 and Mexican, were fiat, and
Egyptian Bonds of 1864 firm. Italian scrip declined

Alnt.
-
Alliance Bank shares were again weaker to-day,
being apparently prejudiced by the sensitive condi-
tion of the cotton trade ; the closing quotation-
-84 to Iprem.---was Is. 6d. below that of Saturday.
Anglo-Egyptian Bank, Bank of British Columbia,
Chartered Mercantile Bank of India, London and
China, European, Bank of New Zealand, and Con-
tinental Bank new shares were all quoted rather
lower'; but Bank of Australasia, Bank of Wales,
Bank of Rinduatan, and Merchant Bank shares
have slightly improved.
andson's Bay shares were last quoted 154 to 4;
Egyptian Trading, to 1 pram., teing firmer
National Dismount, 94 to jti prem. ; Joint Stock Dis-
count, 14 to le die., being 2s. 6cl. higher ; Ottoman
Soci6o3 Giftofride, 24 to 2i prem.; and City of
Milan Improvements, 41 to prem. Commercial
Union Insurance and Ebbw Vale shares were fiat.
General Steam Navigation, Smith Knight and Co.,
and leternational land Credit have improved.
London and Ss. Katharine Dock stock was quoted
1 per oent. lower.
As regards the shares of the financial companies,
the changes consisted of a decline of 10s. in Lon-
don Financial, and an advance of sa. in General
Credit. The latter movement was caused by the
belief that this company will obtain a very large
oommission should the arrangement of the Turkish
home debt be carried out through it. Apart from
this, however, the activity and sagacity displayed
by the executive of this undertaking is giving
it a high place in public estimation.
The closing quotations are annexed, viz. :—lnter-
national Financial, 14 to prem. ; General Credit,
21 to if prem. ; London Financial, 5/ to 61 prem.
Imperial Mercantile Credit, 11 to prem. ; and
Credit Foncier and Mobilise (old shares), 31 to 4
prem.
The closing (but in some oases nominal) quota-
tions for sharer in new undertakings are subjoined :
—General Irrigation of Frame, Ito prem. ;
Rio de Janeiro Gas, 1 to 1 prem. ; China Steam
and Labuan Coal, 14 to 1 die. ; West London
Warehouses and Wharves, 1 to 11 prem. ; Dagen-
ham Docks, par to 1 prem. ; and Seaand River
Marine, 1 to 2 prem.
Metropolitan District Railway shares advanced
to-day to 5 to 51 prem., owing to purchases, in an-
ticipation of the settlement on Friday next, to cover
previous speculative sales ; but the price had re-
lapsed at the close to 41 to 5 prom. Varna Rail-
way abates have risen to 21 to 31 prem.
United States 5.90 Bonds were slightly flatter,
closing at 53 to 1; and Atlantic and Great Western
Railway scrip somewhat higher, at 31 to 41 pram.
Canada Government securities of all descriptions
have declined 1 per cent.