The Express.
London, England, 1867-09-26 00:00:00

MONEY MARKET.-(THIS DAY.)

ONI CeOr4loZ.

In the Stock Exchange to-day there is a
demand for English railway shares, at a
further moderate advance, owing to the
satisfactory explanations afforded at yes-
terday's meeting of the Caledonian ; but
other securities, including Consols and foreign
bonds, are inactive, notwithstanding the satisfac-
tory tenor of the adtices from Italy. There is an
apprehension amongst the speculators that renewed
difficulties between France and Prussia may arise,
and this, combined with the chronic distrust of
nearly every kind of investment, tends to prevent
any important increase of business. The dealers
are still chiefly engaged in the settlement of the
fortnightly account, which will be completed to-
morrow.

The demand for money is still very moderate,
and the supply superabundant. The rate for the
best paper is 11 to 14 per cent., and for short
loans in the Stock Exchange, 1 per cent.
The railway market continues firm, and prices
have further improved in several oases. Caledonian
and North British stocks have advanced 4 per cent.;
London and North Western, Lancashire and York-
shire, South Eastern, and Brighton, 4 ; and Great
Eastern, 4. Annexed are the prices :—Metro-
politan, 1241 to 125 ; Great Western, 484 to
ex div. ; London and North Western, 1144 to 4 ;
Midland, 1224 to 4 ; Lancashire and Yorkshire,
1274 to 128 ; Caledonian, 107 to 4 ; South
Eastern, 694 to 1 ; Great Eastern, 314 to jit ;
Great Northern, 111 to 112 ; ditto A, 1171 to 1184;
London, Chatham, and Dover, 204 to 4 ; North
British, 324 to 33 ; and Brighton, 531 to 54.
Consols are quoted sq to 4, both for money
and the Bth of October, and the Three per Cents.
Reduced and New Three per Cents., 924 to I,
ex div.

On account of the Sinking Fund the government
broker has bought to-day 21,0001. Reduced Three
per Cents., at 94, ex div. His last purchase for
the present quarter will be made to-morrow.
At Paris this morning the Three per Cent.
Rentes opened at 69.05 for the account, being
about the same as yesterday. _ . .

Turkish Bonds of 1866 (6 per Cents.) and Spanish
Certificates are inquired for, and are 1 better, at 32
to and 164 to 1 respectively. Chilian scrip has risen
1, viz., to Ito prem. Turkish of 1862 are at
62 to 63 ; Greek, 131 to 4 ; Spanish Passive,
184 to 1 ; Italian of 1861, 484 to # ; Egyptian,
1864, 861 to 87 ; and Mexican, 151 to 4.
United States 5-20 Bonds have experienced a
fresh decline of per cent., viz., to 721 to i ; but
Erie Railway shares are 1 better, at 404 to 4.
Illinois Central are steady, at 77 to 4.
Atlantic Cable shares are without change.
Anglo-American are quoted 171 to 4 ; and Atlantic
Telegraph Eight per Cent. Preference, 34 to 4.
- .

Bank sharee are neglected. London and West-
minster are quoted 67 to 69 ; Union of London,
37 to 38 ; Imperial Ottoman, l to IA dis. ;
Alliance, 10 to 9 dis. ; and London and County,
54 to 66.

Financial shares present no alteration. Inter-
national Financial are at 24 to 14 dis. ; London,
24 to 22 dis. ; General Credit, 24 to 2 die. ; and
Credit Fonder, 54 to 54 dis.

It is worthy of remark that during the fort-
night's " account " now coming to a settlement a
rather general advance has taken place in most of
the foreign stocks, especially in Turkish and Egyp-
tian. A comparison of the present quotations
with those current a fortnight ago shows a rise of
1 per cent. in Brazilian Four-and-a-Half and
Five per Cents., Buenos Ayres Six per
Cents., Chilian Sir per Cents., and Bardi-
Alien ; 1 to 2 per cent. in the various classes
of Egyptian, and 2 per cent. in Peruvian,
while in the Turkish loans the advance has been
apportioned as under—viz., 1854, 1863, and 1865
(Six per Cents.), 2 per cent. ; 1858, 1 ; 1862,
; and the Five per Cents., In Italian
stock there is exceptionally a fall of nearly 1 per
cent. on the fortnight. The general improvement
is doubtless due in great part to the fact that
the rates for loans on foreign stocks are considerably
below the rates of dividend accruing. Thus yester-
day loans on foreign stocks were offered at 1} to
2 per cent., being the lowest terms perhaps ever
known.

Only about 4,0001. in gold was bought yesterday
by the Bank, but the whole of the 285,5001. by the
Suffolk, from Melbourne, will probably be sent in
during the next few days. Some further moderate
withdrawals of sovereigns are expected to take
place in connexion with the expedition to Abys-
sinia.

The Delta, from Alexandria, has brought 2,7621.
in
Meows. Walker, Hamilton, and Co., of Manches-
ter and Glasgow, a respectable firm of commission
merchants, have suspended payment. The exact
amount of their liabilities has not transpired, but
in Manchester they are understood not to exceed
10,0001. A composition is offered to the creditors
of 6s. Bd. in the E.

The London and North-Western Railway traffic
return shows this week an increase of 6,5861. over
last year ; the Midland an increase of 5,658/. ; and
the Great Northern an increase of 2,8191.

The receipts of the Cape Railway Company for
the month of July, with 63 miles open, were
2,9691., against 2,9971. for the corresponding week
of last year.
The preparations yesterday for to-morrow's set-
tlement in the railway market showed that, although
the supply of stock is but scanty, and any amount that
comes on the market is readily taken up, owing to
the facility with which loans may be obtained from
bankers, the public have effected some sales during
the last fortnight. The consequence is, that
" backwardations" (or premiums for the temporary
loan of stock) have now almost entirely disap-
peared. The only exception of importance yesterday
afternoon was Brighton Railway stock, which com-
manded i per cent. " backwardation." The
difficulty, however, of finding good home securi-
ties returning remunerative dividends naturally
limits the realizations of bond fide holders of rail-
way property. The following shows the terms on
which the carrying over was generally conducted
yesterday :
cw:TANGos.
Opening. Closing.
Oral Eastern even to 1-16 .. even
Great Western l-16 to 6-16 .. 1.16 to 0-16
Great Nottbern A I back .. even to it
London and Brighton
London andNorth-Western 1 tot .. to
London, Cant, sad •Dover 1-16 to .. .16 to
Lancashire and Yorkshire It tot .. 1-16 to 1.16
Manch. Shed., and Lincoln. seen to I .. even to
Metropolitan
.. .. to
1-16 to 1 to 1
1-91t0.e .. 3-16 to

Doren Veto • .. 3-16 t - .
o 646
Luxembourg
United States 610 Bonds 2to4p. e. ;Limn. .. 2 toe p. e. p. snit.
Grand Treek of Canada
Great Western of Canada Os. fkL to ls. 0d... Os. 6d. to la Od.
The subjoined report on the market for Ameri-
can securities is from the circular o: Mews.
SAtterthweite and Co. :

--- -
The result et the week's operations in American eecuri-
ties on the London market show but little site-sties in
values generally since our last. The steady absorption of
United States 5.20's on both home aed continental account
has continued, prices varying with the premium in gold
reported by telezramn from New York ; they close at
almost the lame quotations as this day week. IllinMe
Central shares have been well maintained, but Erie on the
Navy fall in New Trek, reported by telegraph, have given
way to 39t to I.

W ILDNINIDAT $llOll7O.
Consols, which closed yesterday at M 4 " buyers,"
both for money and the Bth October, opened this
morning at the same quota-ion, and closed at 94
" sellers." The Three per Cents. Reduced and New
Three per Cents, were quoted at 3 o'clock 921 to I;