The Express.
London, England, 1865-02-21 00:00:00

MONEY NARIKEZ-(2711.8 DAL)

Two o'Cuicx.
The stock markets opened steadily this morn-
ing, but have since given way, owing to
the absence of business. The snowstorm pro-
bably deters many persons from coming into
the City to-day. The funds have declined per
cent., though the government broker ban made a
purchase of 10,0001. Reduced Three per Cent.
stock. Soloed the foreign 'hocks and home rail-
ways are likewise rather lower. Metropolitan Dis-
trict Railway wares have declined he. to 10a. upon
the allotment.
There is little business in the discount market to-
day, and the supply of money is large. The tend-
ency of the rates is consequently downwards. The
general charge for first-class bills is 4i per oent.,
but in exceptional instances transactions have
occurred at 41. There is rather more demand in
the Shook Exchange for loans from day to day, and
the quotation is somewhat higher, at per cent.
At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent. Rented opened at
67fr. 40c., showing no change.

Consols are quoted 89 to } for money, and
891 to for the account (March 9). The official
business report is as follows : Three per
Cent. Consols, for money, 891, 1, 89; ditto,
for account, 891 ; Three per Cents. Reduced,
89, 88f ; New Three per Cents., 89, 8811 ;
Annuities, 1885, 14 5-16 ; India Five per Cent.
Stook, 103 f ; ditto Bonds, lls., Us. 10a., dies.
Foreign stocks are rather flatter. A reduction
of fto per cent. has taken place, in Turkish Bonds
of 1868, and the Ooneolidifs, as well as in
Spanish Passive and Greek Bonds. 13001 e
of the present quotations are annexed, viz. :
Greek Bonds, 221 to f ; Mexican, 261 lc 27 ; Con-
federate, 56 to 57 ; Spanish Passive, 322 to * ; the
Certificates, 141 to 15 ; Turkish, of 1868, 721 to 73 ;
ditto 1882, 701 to 71; and the Consolidifs, 51} to t
Transactions are recorded as follows
Brazilian, 1863, 831; Chilian Six per
Cents., 1001 ; Dutch Two-and-a-Half per Cents.,
631, 621 ; Egyptian, 98; ditto 1864, 94 ;
Italian, 1866, scrip, le dies. ; Mexican, for ae- '
count, 281, 27 ; Portuguese, 1858, tkc., for
account, 47f ; Russian, 1862, 89}; Spanish New
Deferred, for account, 401,1 ; ditto Passive, for
account, 321, 1, 1 ; Turkish, 1854, for account, 92,
}, 91} ; ditto 1.864, for account, 73 ; ditto 1862,
for account, 71.
International Financial shares are now quoted
11 to prem., ex div. ; General Credit, 21 to 1 prem.,
ex div. ; London Financial, 8} to 7 prem., ax div. ;
Imperial Mercantile, 2i to f prem., ex div.; Hud-
son's Bay, 151 to 1 ; Ottoman Facia6 Gindralei
2/ to f prem., ex div.
The quotations for the shares of some of
the new companies are subjoined :—City of
Milan Improvements, 31 to 4 prem. ; Metropoli-
tan District Railways, 31 to } prem., being lower,
on the allotment to-day ; General Irrigation of
Francs, to/ prem. ; China Steamship and Lebuan
Coal, If to 11 prem. ; Rio Janeiro Gas, 1 to 11
prem. ; and West London Docks and Warehouses,
If to 11 prem.
The following important notification, relating to
the issue of Stock Certificates "to bearer" for
Consols, the New Three per Cents., and the Re-
duced Three per Cents., was issued yesterday from
the Bank of England :
Nodes is hereby gives, that on and after March 1,1865,
steak certificates tolmrer may be relished at the Bank of
England in exchange for Consolidated 31. per Oast. An-
nuities, New 31. per Cent. Annuities, Reduced 31. per
Cent. Annuities, on payment of • he of Is. per mat.
Nominal atonic certificates, and stock certificates to hearer,
may be re-hiseribed in the books of the Bank of Ragland, en
payment of la. for each certificate. Nominal stock certifi-
cated may be exchanged for certificate' to bearer on payment
of ]s. for each certificate.
Bank of England, Feb. 20, 1865.
The silver market was flatter yesterday, owing
chiefly to a decline (1.1.) in the Bombay exchange,
and 20,0001. in bars was disposed of for that
quarter at fd, reduction, viz., at ss. 11d. per
ounce. There is no demand for Holland, in conse-
quence' it is said, of the frosty weather, which
makes the cost of land carriage in that country
dearer than usual, and so diminishes the profit on
the importation of silver from England.
A first dividend of 2e. in the pound is announced
as payable to the creditors of Messrs. Early and
Smith, exeort clothiers, of Houndeditch, who'
failed on the 30th of September last, with liabilities
to the =aunt of 51,301., and assets 28,0791.
The South Eastern Railway traffic return shows
this week an increese of 631. over last year ; and the
Brighton an ingress* of 2861.
The application for the appointment of a settling
day in the Certificate' of Debenture of the Atlantic
and Great Western Railway came again, by adjourn-
ment, before the Committee of the Stock Exchange
yesterday, and their deliberations on the subject at-
tracted great attention. After a long and patient
investigation, the committee have fixed Thursday,
the 2nd. of March, for the special settling day, but
the subjoined rider, attached to the formal resolu-
tion, shows that these securities are not to be
quoted in the official list :—" The committee have
also resolved that, the statements in the prospectus
being, in their opinion, both ambiguous and un-
satisfactory, a quotation be refused." This de-
cision' of the committee will be generally
upheld, for, in furtherance of the interests
of their members and of the public, and
in consideration of the fact that there are
large outstanding transactions in these certifi-
cates, they authorise the usual settlement in
them while at the same time, by withholding the
official "marking," they express; their dissatisfac-
tion with the manner in which a portion of the
prospectus was framed. The portion to which ex-
ception Sias chiefly taken was, as before remarked,
the statement that the principal of the loan by
been "secured by a depoett with the trustees of
bonds and shares amounting at dimal exchange. to
4,230,4931." The discussion has turned chiefly
upon the question of the meaning to be attached to
the term " usual exchange." It is not insinuated
for a moment that this clause was thus phrased in
other than perfect good faith, but the sharpness of
the discussion which has been raised upon it is cal-
culated to benefit the public, by causing the framers
of future prospectuses to make them as precise and
as little liable to be misunderstood as possible.
The second ordinary general meeting of the Mer-
chant Banking Company will be held on the 9111 ei
March.
The half-yearly meeting of the Sambre and
Meuse Railway Company is called for the Bth of
Much, at Brussels.
A circular from the General Provident Assurance
Company (Limited) notifies that " Lord Henry
Gordon having for private reasons resigned the
chairmanship of this company, Mr. Thomas Hat-
teroley, chairman of the Estates Bank, haw UM
appointed to the chair." The directors state that
they "believe that in securing the valuable 2.11110114
of Mr. Hattetaley as chairman they have made an
appointment which will give unqualified satisfaction
to all who are interested in the progresa of the'
company."
It appesrs that Mr. Key has been elected a
director of the Financial Corporetion (Limited).
The letters of allotment of the Metropolitan
District Railways are to be issued to-day (Tues-
day),
We are requested to state that the share list of
the Scottish Assam Tea Company (Limited) will be
closed on the Ist of March, and that of CleaSer's
Patent Portland Cement and Suffolk Brick Com-
pany (Limited) on the 25th inst. for London, and
the 28th for the country.
The colonial wool sass are Ind to can woes ea Therr
day, the lad Korea. The fie* hepselehises up to the
reeeet fist., shoe the beglerhur a last melee, 11011.0•111
12.385 bass, sta.:—New South Wales eel Qessoelaed,
2,210; Vista* WWI; Tataresis,lo3; Beath Austerlls,