The Express.
London, England, 1865-07-26 00:00:00

MONEY MARKET.-(71118 DAY.)

Two &Mom.

The stock markets to-day are very quiet, the
principal business consisting of preparations for
the half-moutbly settlement in shares and foreign
stocks, fixed for Friday. The funds are unchanged in
price. Foreign stocks present scarcely even a frac-
tional variation. Rome railway stocks in some
cases are rather lower, especially Metropolitan.
There is also a decline in the shares of the Credit
Fonder and Mobilier of England.
The discount market is unsettled, owing to the
uncertainty which prevails as to whether the Bank
of England will raise the rate of discount at the
weekly court to-morrow. Meanwhile, few bills,
however good, are taken below 3} per cent., or
above the present Bank minimum. In the Stock
Exchange, nevertheless, short loans on English
government securities can be obtained at 1 to I}
per cent., the supply of money being large.
At Paris to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Rentes opened at
67fr. 60c., being sc. lower than yesterday after-
noon.

Consols are now quoted 891 to 90, both for
money and the Bth of August. The official busi-
ness report is as follows :—Three per Cent. Con-
sols for money, 90, 891 ; ditto for account,
90 ; Three per Cents. Reduced, 891, ; New
Throe per Cents., 891, 1 ; ditto Two-and-a-Half
per Cents., 714 ; Exchequer Bills, 4a. pram. ;
Bank of England Stock, 248, 246.
Foreign stocks are very quiet. Mexican Bonds have
again declined 1 per cent. As regards other stocks
there is no change. Some of the present quotations
are subjoined, viz :—Greek, 201 to 213 ; Turkish
1858 Bonds, 73 to 74 ; ditto 1862, 724 to 731 ;
ditto ConsoLidea, 491 to ; Spanish Passive, 284
to 1 ; ditto Certificates, 134 to 1; Confederate,
7to 9 ; and Mexican, 231 to 1. Tr:new:dors
au recorded as follows r—Equador New Consoli-
dated, 111 ; Egyptian Seven per Cents., Second
Issue 1001. Bonds, 98 ; ditto 1864, 941, 4, 94 ;
Greek Five per Canto., 201; Italian Five per
Cents., 1861, 641, ex div. ; Mexican Three per
Ceuta., for account, 231, ex div. ; ditto 1864, 231,
ex div. ; Russian Five per Cents., 1822, 931
; Spanish Passive, for account, 281; Turkish
Six per Cents., 1854, 941; ditto, 11858, 731 ; ditto,
1862, 721, ex div. ; ditto 1001. Bonds, 734, 1, ex
div.; ditto Five per Cents., 1865, 441, ex div.
International Financial shares are now quoted
4 tot pin., ex div.; General Credit, 14 toll prem.;
London Financial, 61 to 7 prem. ; Imperial Mar.
cantile, 11 to 11 prem., ex div. ; Credit Foncier and
Mobilier of England, 31 to 31 prem., being lower,
ex div.; Ottoman Socidt4 G6n6rale, 24 to 3 prem. ;
Hudson's Bay, 154 to 1.
The nominal quotations for the shares of some
of the new companies are subjoined :—Atlantic
Telegraph preference, 3to prem. ; Peruvian Rail-
ways, 4 to 4 prem. ; Hop and Malt Exchange,
2 to 3 prem. ; Hodges' Distillery, 21 to 31 prem. ;
Anglo-Greek Steam, 2to 3 prem. ; General Ex-
change Bank, 11 to 21 prem.; London-bridge Land,
to 1 prem. ; Massa-Carrara Marble, 14 to 21
prem. ; and Marseilles Extension Railway, 11 to 2
prem. _

Metropolis Sewage shares are quoted 7 to 8
prem. ; and Overend, Gurney, and Co., 2k to 21
prem.

The subjoined notification, relating to the conver-
sion of the internal debts of the Ottoman Empire,
has been issued by the General Credit and Finance
Company :

Cos:veridon sod unification of the intend debts of the
Ottomsn Empire into bonds of the Oatmeal Debt, bearing
interest at 5 per cent. per annum. The prevaleace of cholera
and the ceasequent quarantine regulations heviog delayed
thearrithl of the official verificators from Cnoitantinopls,
solies is thereby given that, by authorthation of the Otto-
man Oilmen:eat, the 15th instead of the Ist of Angst is
fired as the day on which the conversion will cominthos,
simultaosously in London, Paris, and Constantinople,
before which full details of the operation, with the neces-
sary inform:shoo for the bondholders, will be published.
The Nimrod has arrived from Melbourne with
1,160 ounces of gold, valued at 4,644 L
The foreign exchanges yesterday afternoon were
firm, and in some cases rather higher than on Friday.
There was a good supply of bills on Hamburg,
Amsterdam, and Italy. As regards Spanish
places, some flatness prevailed. The usual list is
subjoined :
Amsterdam, 3 months, 12 to 12.01 ; ditto, 3days, 11.18
to 19; Rotterdam, 3 months, 12 to 1201; Antwerp,
3 nomilia, 36.40 to 45 • ithatharg, ma banal. 3 .:oaths,
13.94 to 10 ; Paris, '3
days, 25.121 to clittai
3 mouths, 25.371 to 40; Frankfort-m:4hr
months, 1291 to ; St. Petersburg (per rouble).
301 ta 31; 115•311&, eft. 60.. 3 caositits, 11.171 to 221; Trieste,
eB. fix, S mouth., ILI7I to 224 ; Madrid, 3 months,
474 Cadia,s3 months, 474 to 8; Leghorn, 3 mthabs,
35.521 to 575 • Oruro, 3 mosths, 25.623 to 571; Milan. 3
mouths, 2.6.521.t0 571; Naples, 3 mouths. 25.521 to 571;
3 swathe, 25.521 to 571 • Messina, 3 mths.
25.52410575; Lisboa, 110 days, 511109 ; Oporto, 90 days,
611 to 1. '
The Committee of the Stock Exchange yester-
day appointed Monday, July 31, a special settling
day in the shares of the Waterloo and Whitehall
Railway Company, which are to be marked in the
official list, and in the shares of the Blakely Ord-
nano. Company (Limited), which, however, are not
Ito be marked.
The Metropolitan Railway traffic return shows
this week an increase of 1164 over the correspond-
ing week of last year.
A special meeting of the Indian Carrying Com-
pany (Limited) was held yesterday, to confirm the
resolution increasing the capital.
The prospectus of the Insurance Corporation of
Great Britain (Limited) is issued. This company is
organised upon a large scale, the capital being fixed
at 4,000,0001., in 80,000 shares of 601. each, on
which If. per share is to be paid on application, 11.
on allotment, and 31. in three months, the pro-
spectus adding that "no further call is contem-
plated." It is farther mentioned that 20,000
shares are reserved for the public, "of which
10,000 shares are now offered at par ; the remaining
60,000 shares being reserved for the transfer of the
capital and business of several first class fire, life,
and marine insurance companies." It is especially
with a view to these amalgamations that this com-
pany has been formed, marine, fire, and life busi-
ness being alike contemplated The board is com-
posed of a number of mercantile meu connected
with London and LiverpooL
The half-yearly meeting of the City of London
Brewery Company (Limited) is convened for the
2nd of August? when it will be proposed to declare
an interns, dividend.

At a meeting of the directors of the Illinois Cen-
tral Railway Company, held at New York on the
11th inst., the following resolutions were adopted,
Ma. :

Ilatiolved—"That a dirideed of 5 per met. Is cash, free
of governmeet hut, be paid oe the les day of August mat,
to the holders of full-paid shares regietered oa the 15th day
of July ; and that the transfer books he closed oe the said
15th day of July, sad opened cm the 3rd day of August.*
Resolved—" That in pursuance of the engagers moons.
sesaded by the shareholders' meeting, held lay 31, 1866,
sad in order that the hods sold may be represested to
imam of capital stock, in scooolones with the
"poillicy"PlcZtore punned by the optimally la the issue of
ameelled hoods Kelp, the ontstandiog shares of this com-
pany he Mermaid by the issue of one altars for every ton
sow outstanding; sad the same be distributed to she
bottlers of awes membered oe the company's books ca the
lot day of August next, M the proportion of wee share for
*very ton held by them.* Resolved—•• That whim io the
distribution of each &hares, & stockholder would be retitled
to a fraction els share, the company will retain the right
to such fraetiossl put, at par.*
The report of the directors of the Metropolitan
I:tension Telegraph Company (limited), to be
submitted at the general meeting oa the 4th of
August, recommends the payment of the usual diri-
dead of Bs. per share, equal to 8 per cent. per an-
num, on the preference capital ; and 3a. per share,
squid to 3 par cent. par annum, on the osigapal
shares, the former subject to, and the latter free of,

Z

income tax. This will enable the directors to place
4001. to the credit of the reserve fund, and terry
over to the next half-year's account the sum of
411. 13s. fid.
The first ordinary general meetings of the Eastern
Amain Tea Company (Limited) and the Nowgoag
Tea Company of Amain (Limited) are milled fee
the 31st instant
, An extraordinary meeting of the Atlantic Tele-
graph Company is called for the 9th of August,
when it will be proposed to convert the Eight
per Cent. Preference Shares into Preference
stook, and the ordinary shares into ordinary con-
solidated stook. It will also be proposed "to issue
either in ordinary stock or in shares, as mal be
most convenient, the sum of 137,1401. of ordinary
capital, authorised at the extraordinary general
meeting of March 31, 1864, and agreed to be
issued in instalments fully paid up to the Con-
tractors from time to time after the successful com-
pletion of their contract ; and if issued in shares it
is intended to take power at any time hereafter to
convert the said shares into ordinary stock of the
company." The directors also intend to "seek
authority from the shareholders to issue inch
amounts of new capital as may be required for the
construction and laying of a second Atlantic tele-
graph cable under powers of their act of parlia-
ment, and to attach to such capital such privileges
and such advantages and conditions as may then
and there be determined."

We are requested to state that applications for
extension shares iu the Brighton Hotel Compiny
(Limited) will not be received after to-day (Wed-
nesday). _ .

Subjoined are the quotations of insurance, gas,
docks, and other shares, as given in the Stock
Exchange list of last evening :
Insurance.—Alliasee British and Foreign Marine. 36, 6 ;
Argos Life, 32 ; Clerical, Medial, and Gummi Life, 964 ;
County, 85 ; Guardian, 49,t es div. ; Indemnity Miribe.
131;t London sad rrovioMia Marine, 21, 3 ; Marie*, 90,
div. and ; Proyidest Life. 38 ; Moak Lile, 8; Bun
Fite, 205, ex di,. ; ditto, Life, 71; ljaiyarsal *trim. Kt, I.
Gaslight and Coles—Bombay (Limited), ; European.
131, az dly. ; ditto, Nay, 6f Imperial, ; Isepairiel
Costineatal, 93, 2; London, 71; 4 ; Phoenix. 33i, Bum?
Consumers, 16 ; United Geseral, 351 ; Waters, 4.
Doelet.—Zest and West lodes 136 ; Leedos and St.
Malaria% 721, 3, 21, 3j, 3. Southamptoa, 59.
Wereavorks —Berlin, MI ; Chelsea, 28 ; Bast London,

Casale.—Regent's (or Landon), 23t, en din.
The annual general meeting of members of the
General Shipowners Society took place yesterday,
when the committee enumerated the several subjects
to which during the past year their attention has
been directed, and the course of action taken re-
specting them. With reference to the proving and
sale of chain cables and anchors, the oommitteere-
ported as follows :
Beteg of opinion that the object of the set passed last
sendeo, for "regulating the proving and sale of chain stables
and asehors," mast in a riot mamma be frustrated if mama-
fastarers of, or dealers In the article are homed to to*
their own work and grant artificial/0 of same—year soot-
mites* promoted to the House of Commons • wattles in
support of a motion on the subj.°t by the honourable
member for Birkenhead ; but, owing to the early termina-
tion of the session, no delimite action wm takes. This
ise-
portantmatter will, however, be again agitated, and it is
hoped that her Majesty's government will be induced to
amend the sot, and that the Board of Trade, la mereasiag
In power of granting Booms under nettles 2 of the sot, will
refuse to grant Hermes to inantifseturers, 1111144111 upon the
condition that the licensee so greeted should not anima to
proving their own work, or dazing the palate proof-mark
ea their own wares.

Tomas STEROL
Consols, which closed yesterday at 90, "sellers,"
for the Bth of August, opened and closed to-day at
894 to 90. For money the last price was 894 to
90, and for the September settlement 904 to 4.
The official business report is as follows :—Thres
per Cent. Consols, foe money, 90, 894, 90;
ditto, for account, 90 ; Three per Ceuta. Be-
duped, 891, 4, * ; New Three per Cents., 894,
4,4, 4' • Annuities, lab ; Exchequer Bills, 4s.
prem. ; Bank of England Stock, 248, 7 ; India
Ten-and-a-Half per Cent. Stock, 215 ; ditto Five
per Cent. Stook, 1044, ; ditto Four per Cent.,Oct., 1888, 994 ; ditto Five-and-a-Half per Cent.
" enfaced" rupee paper, LlO, 9}.
The India Five per Cent. Stock was steady. Ex-
chequer Bills remain quoted par to 4s. prem.
In the foreign stock market business was limited.
There was a decline of 2 per cent. in Brazilian
Old Five per Cents., 1 per cent. in Moorish, 4in
Equador and Spanish Three per Cents., in Turkish.
scrip and Greek Bonds, and 4in Mexican. Rus-
sian Five per Cents. of 1822 and 1864 were inquired
for, and improved per cent.
Sank shares were heavy, and a rather general
reduction, avering ss. to 10e. per share, took place.
Bank of Hindustan and Agra and Masterman's
Bank declined 11.
National Discount shares were last quoted to-
day 10ji to 4 prem. ; Joint-Stock Discount, 2 to
1 dia., being again lower ; Egypt an Trading, 1
to 14 dia. • Ottoman Socidni Gdndrsle, 24 to
rem. • Hudson's Bay, 154 to 4, ex div. ; and
Lion Brewery, 2to I prem. City of Milan
Improvements paid-up shares were quoted lower.
The Nowgong Tea Company's shares were also
flatter.

The shares of the financial companies were flat,
and in some eases, including International FiDall
dal, there was a fresh decline of 2s. 6d. The
closing quotations are annexed, via :—lnternational
Financial, to 1 prem., ex div. ; General Credit,
14 to 11 prem. ; London Financial, 61 to 7 prem. ;
Imperial lidera:milli, Credit, 14 to 11 pram., ex div.;
Credit Fonder and Mobilise, 3j to 34 prem.
The closing (but in many eases nominal) quota-
tions for .hares in new undertakings are sub-
joined :—Atlantic Telegraph Eight per Cent. Pre-
ference, to # prem. ; Metropolis Sewage, 64 to
74 prem. ; Overend, Gurney, and Co., 24 to #
prem. ; Hop and Malt Exchange, 2to 31 prem. ;
Parkfield Iron, 1 to 2 prem. ; General
2 to 24 prem. ; Genwal Exchange Bank, 11 to
21 prem. ; London and Mediterranean Beak, 3
to 4 prem. ; Peruvian Railways, 44 to 5 prem. ;
Samuel Bestow and Ca, to 14 prem.; Acci-
dental and Marine Insurance, 14 to 24 prem.
Hodges' Distillery, 24 to 34 prem. ; Anglo-Greek
Steam, 2 to 3 prem. ; London Bridge Land, * to 1
prom. ; Railway Credit, 4to 14 prem. ; and Mar-
seilles Extension Railway, 14 to 24 prem.