The Express.
London, England, 1865-07-14 00:00:00

MONEY MARKET,—(TBIa DAL)

Two o'Csoos.
Although business is very inactive, the stock
markets to-day are firm, notwithstanding the
unfavourable character of the changes shown is the
returns of the Banks of Tagland and Franco. Con-

sole have risen I per oent. Foreign stocks are steady.
Some of the home railways, however are frac-
tionally lower. This is the half-monthly settling

day._

The weekly return of the Bank of France shows
the important decrease of 910,0001. in the ooin and

There is a larger amount of money seeking
employment in the disoonnt market to-day, while
few bills are offered. The tendency of quotations,
nevertheless, is firm, owing ,to the unfavourable
character of the returns of the of Banks of England
and France. The rate for the beat paper is 2} to 3
per met. In the Stock Exchange short loans on
English government securities are obtainable
at I} to 2 per cent.
At Paris to-day, wording to Mr. Renter's tele-
gram, the Three per Cent. Rentes opened at
167 fr. 62c., being i per cent. better than yesterday.

Consola are now quoted 90 to for money,
and 90} to for the amount (August 8).
The official business report is as follows :
Three per Cent. Consols for money, 891, 901 ;
ditto for account, 901, ; Three per Cents. Reduced,
89f, ; New Three per Cents., 801, t ; India Five
per Cent. Stock, 1041, I ; and Exchequer Bills,
45., Is. prem., par. _ . .

. .
There is an improvement of per cent. in
Turkish Cons°Jidda, while the Bonds of 1868
are slightly flatter. Otherwise foreign stocks are
unaltered. Some of the present quotations are
subjoined Turkish, 1868, 73 to i ; ditto,
1862, 72 to I, ex div. ; ditto Consolides,
40/ to f ; Mexican, 24 to 1-1 ex div. ; Spanish
Passive, 291 to I ; ditto Certificates, 14k to
I ; Greek, 201 to 21}; and Confederate, 7to 9.
Transactions are reoorded se follows .—Da-
nubian, 68 ; Egyptian, 971 ; ditto 1864, 84,
f, 931 ; Italian, for account, 64/, ex div. ;

Mexican, for account, 24i, ex div. ; Por-
tuguese, 1866, arc., 47i, ex div. ; ditto
for account, 47f, ex div. ;Russian, 1862, 92 ; ditto,
1864, 942 ; Spanish, for account, 48f, ex div. ;
ditto New Deferred, for account, 39k, ex div. ;
Turkish, 1858, 1001. Bonds, 78 ; ditto, 1862, 72,
ex div. ; ditto, 1001. Bonds, 72f, f, ex div.
International Financial shares are now quoted
le to pm., ex div.; General Credit, li to' prem.;
London Financial, 7} to prem. ; Imperial Mer-
cantile, 1# to I prem., ex dia.; Credit Foncier and
Mobilier of England, to 4 prem., ex div.; Otto-
man Socidtd Gdndrale, 21 to 3} prem. ; Hudson's
Bay, 16i to I ; and Egyptian Trading,
to dia. _ _ _

The nominal quotations for the shares of some
of the new companies are subjoined :—Russian
Iron Works, 8 to 10 prem. ; Atlantic Tele-
graph preference, to prem. ; London
Bridge Land, 1 to f prem. ; Glainorganshire
Iron, 2 to f prem. ; Peruvian Railways,
3 to 3} prem. ; Blakely Ordnance, 3} to I
prem. ; Hop and Malt Exchange, 1; to 2 prem. ;
Barned's Banking, to 1 prem. ; East London
Railway, par to prem. ; London and Mediter-
ranean Bank, 3to prem. ; Metropolis Sewage,
1} to 2 prem. ; and Overend, Gurney, and Co.
(limited), 21 to pm.
The Tasmanian, from the West Indies, has
brought 234,0001. in specie.
A further sum of 80,0001. in bar gold was with-
drawn from the Bank yesterday for abroad—it is
said for Spain.
The Lancashire and Yorkshire Railway traffic
return shows this week an increase of 1,5601. over
last year ; the North Eastern an increase of 4,1481.;
the Manchester, Sheffield, and Lincolnshire an in-
crease of 1,5901. ; and the London, Chatham, and
Dover Railway, its Metropolitan extension and
branches, an increase of 9341.
At the half-yearly meeting of the directors
of the Thames and Mersey Marine Insurance
Company (Limited), held in London, yesterday, an
interim dividend at the rate [of 10 per cent per
annum, and a bonus of 5 per cent. were declared,
free of income tax, being together at the rate of
20 per oent. per annum for the half year, ending
30th June.
At the meeting yesterday of the Imperial Mer-
cantile Credit Association, a dividend was declared
at the rate of 20 per cent. per annum, as recom-
mended in the directors' report, which was unani.
mously adopted.
The directors of the London, Italian, and Adriatic
Steam Navigation Company announce, that after a
careful investigation into its affairs, and after
making a liberal allowance from its assets on
depreciation and reserve accounts, they have felt
themselves in a position to distribute amongst the
shareholders an interim dividend on account of
working at the rate of 5 per cent. per annum for
the half year ended the 30th June last.
A private meeting of dissentient allottees of
shares in the Estates Investment Company (Limited)
was held yesterday at the London Tavern, Mr. H.
Pawle in the chair, the object being to adopt a
common action in forcing the directors to return
the deposits. The main point on which the oppo-
sition turns is the statement in the prospectus that
half the capital bad been previously subscribed,
and the truth of which is emphatically denied by
the allottees. As a result of the proceedings,
which are reported in another column, a committee
of five gentlemen was appointed to take such legal
action as the case demands, with the aid of a sub-
scription of live shillings per share from the parties
interested.
The directors of this company, on their part, to-
day issued the following notification :
The directors of the Estates Invest:sant Company having
been informed that at a private meeting of some of the
allot's« of shares, held today at tbs Loudon Tames, ex
parts statements of the meet unfounded obviates was
made u to the correctness of the prospectus, ham invited
all the shareholders is the company to meet them at the
London Tavern on Tuesday, the 18th day of July instant,
at one o'clock p.m., when they will afford the fullest infor-
mation as to every subject relative to the company and to
the publication of the prospectus. The directors are obliged
to taka this connect: inviting the shareholders to attend a
meeting, as by the articles of association en extraordinary
geoeral meeting cannot to summoned at leas than 14 days'
notice.
An extraordinary meeting of the shareholders of
the North-Western Sank (Limited) is convened for
the 20th instant at Liverpool, when the directors
will declare a provisional dividend for the six
months ending the 30th ultimo.
The half-yearly meeting of the Metropolitan Rail-
way Company is convened for the 2nd of August.
The annual meeting of the New Zealand Trust
and Loan Company (Limited) is called for the 20th
instant.
An extraordinary meeting of the Oriental Gas
Company (limited) is called for the 21st instant,
to alter the rules and regulations of the company.
A special general meeting of the London,
Brighton, and South Coast Railway Company is
called for the 29th inst., immediately after the ter-
mination of the half-yearly general meeting Co..
veued for that day, when various deeds and agree-
ments will be submitted, relating, amongst other
purposes, to the transfer to this company of the
Wimbledos and Croydon, the Mid-Sussex, the
Mid-Stale: and Midhuret Junction, and the Bog-
nor Railways ; also the transfer of the Epsom and
Leatherhead Railway to the London and South
Western Railway Company and this company
jointly. It will further be proposed to authorise
the raising of additional capital by the creation of
new shares and stook.
Creditors of the International Racecourse Society
(Limited) ass required to send the particulars of

their claims to Mr. C. t. Neesp, the °Neil liquida-
tor, by the Mb of Angled, the Master of the
Rolle laving appointed the oth November for ad-
judicating upon them.
We are to este that the altars lit of
the Partonlron Cowpony will be cloned es Tues-
day next for London, and on the following Friday
for the country.
The return of the Bank of England for the week
ending Wednesday, July 12, compared with that for
the provious week, shows the following changes :
Cbselaties foss
Ogradatioa acliv• ......, 22,1114,96 Jaime, 571,9101
Mho depoods
Other &poio
filererimas securities ill
Making bepsrreent 16,301,900 Dwane AS
Other secturigar labia*,
depilmist
Oita sad bathos in bath
departments
ewes illy sad odor bgi 680,617 lemon 113,964
The Biel 3,426.300 Isammin 119,343
Nola as two ... ...... 6,818,206 Delmar 736,539
Tote remerve Odes h ecis )
labealdagdepurtami 7,791,521 Demean 710,773
This return shows the effects of the payment et
the dividends, which commenced on Saturday, the
Bth. There has been the usual heavy falling off in
the Government deposit+, partially counterbalanced
by the increase in the private deposit., and by the
repayment of loans 11.1111. advances (as indicated by
the decline in the private securities) ; but the result
of these movements is a fresh decline of 710,7731.
in the reserve. The total diminution under this
bead during the last two weeks is as much se
2,140,3001. Owing to the payment of the divi-
dends, combined with the harvest, the emotions,
and shipments of gold abroad, the coin and bullion
show a decrease of 538,7231. ewe last week, and of
' 873,2001. during the fortnight.

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W. 11:ILLII, Odd Orblat.

TIMMY VMS&
Consols, which closed yesterday at 1194 to I
for the Bth of August, opened this morning at
the same quotation, Ana closed at 90 to 4. For
money the last price was 89/ to 90. The official
business report is as follows :—Three per Cent.
Consols for money, 90, 4, 894, 90 ; ditto for
amount, 904, 90 ; Three per Cents. Reduced, 894,
New Three Par Cents., Wit L j i *;
Annuities, 1885, 14f, Bank Stock, 9474 ; aths
Stock, 2144 ; ditto Five per Cent. Stock, 104,
• ditto Four per Cont., 914 ; Ave per Cent.
•4c:nlaced" rupee Mart 102 i.
The India Five per Gat. stock was steady.
The Five per Cent. rupee paper met with some in-
quiries. Exchequer Bills were rather tatter, at
par to 4a. prem..
In the foreign stock market the settlement
engaged attention. Some of tke speculative Secu-
rities showed a little flatness, and Greek, Italian,
Mexican, Portuguese, and Turkish Oonsolidds de-
clined i to t per cent. There was an advance,
however of per cent. in Anglo• Turkish Bonds of
1858 anti 188 ; and 1 in those of 1883, as well as
Moorish Five per Cents.
In the market for bank shares there was a fur-
ther advance of about 31. in City Beek. Chattered
Mercantile Bank of India, London and China, and
Metropolitan and Provincial Bank shares, have also
improved. Bank of Australasia, Agra and Master-
man, s, Imperial Ottoman, London Joint Stock,
and Union Bank of London have reoeded.

National Discount shares were last quoted to-
day 11 to prom. ; Joint Stock Discount, 11
to 1 din ; ptian Trading, /to I dia. ; Otto-
man &clad airale, 2j to 31 Hudson's
Bay. 15f to f, ex div. ; and Lion Brewery, 21
to f prom. Peel River Land Brock declined 2to
3 per cent. Anglo Mexican Mint, English and
Scottish Marine Insnranciet and Marine Investment
shares met with some inquiries.
The shares of the financial companies were
steady, except International Financial, which were a
little more offered. The clan quotations are
annexed, via.: International Financial, 11 to
Li prem. ; General Credit, If to f prem. ; Lon-
don Financial, 71 to rim= ; Imperial Mercantile
Credit, 1/ to 21 prem. ; Credit Foncier and
Mobilier, 31 to 4 prem.
• •

- .
The closing (but in many eases nominal) quota-
tions for shares in new undertakings are sub-
Looed : —Peruvian Railways, Sto 31 prem. ;
London and Mediterranean Bank, S to 4 prem. ;
Blakely Ordnance, 34 to I prem. ; Atlantic Tele-
graph Preference, it to >l prem. ; London Mer-
chants, 21 to 11 die.; Glamorpa Irma and Coal, 2
to 1 prem. ; Railway Credit, 1 to 2 prem. ;
Barned's Rank, to 11 prem. ; London, Green-
wich, and Windsor Hotels, le to *rem ; Samuel
Bestow and Co., Ito prem. ; Bop and Malt
Exchange, 11 to 2 prem. ; Parkfield Iron, 1 to
2 prem. ; General Rotates, 2 to 31 prem. ;
Beat London Railway scrip, par to 1 prem.
General Exchange Bank, 11 to 21 prem. ; and
Liverpool and Dublin Steam, 1 to 2 prem.
The shares of the Metropolis Sewage and Lam
Reclamation Company were quoted 11 to 2 prem.
We are requested to data that the special act of
parliament by which this company is incorporated
limits the liability of the shareholders to she
amount of their shares. The application lista will
be closed on Tuesday, the 18th inst., for London,
and on Wednesday, the 19th, for the country.
The prospectus of "Ovorood, Gurney, and Co.
(Limited)," was well received this morning, and the
rice was first quoted 3to preen., but the usual
speculative sales afterwards &pressed it to 211 to 24
prem., the closing price.