The Express.
London, England, 1866-06-27 00:00:00

1 -I'll2l

MONEY MA.

Offs °Timm.
Owing to the revival of confidence, investments
in public securities continue upon a considerable
scale, and the general tendency of prices is still
upwards. It is anticipated that the encouraging
state of affairs in London will have a remarkably
favourable effect in the provinces, and canoe the
return to the Bank of England of a large
amount of notes and coin, which for
some time past have been kept in the
tills of country bankers to an extent far beyond
their real requirements. There is a good de-
mand for the funds, which show a fresh rise of
per cent. Foreign bonds and banking and
financial shares are also better in several cases.
British lines are steady, at the recent improvement.
American securities exhibit no recovery from the
fall which took place yesterday. Attention is
partly directed to the fortnightly settlement,
which has just commenced, and will be completed
on Friday.
The supply of money in the discount market has
increased, while very few bills are offering, owing
to the expectation that the Bank rate will be re-
duced to-morrow. The general charge for the best
paper is 91 to 91 per cent.
Consols are now quoted 861 to 87, ex div., for
money, and 871 to 1, ex die., fur the account
(July 10).
Foreign stocks are in demand, and a further rise
is observable in prices. Turkish Bonds of 1862,
and Italian of 1861, are in especial request, and
have advanced land 1 per cent., respectively. Greek
have also improved 1, Brazilian scrip 1, and
Turkish of 1862, 1. Turkish Builds of 1862 are
DOW quoted 54 to 66 ; ditto of 1865, 271 to 26 ;
Greek, 11 to 1 ; Spanish Passive, 19 to 1 ;
ditto Certificates, 141 to 15 ; Italian, 1861, 401
to ; Brazilian scrip, 4to 31 die. ; and Mexican,
14g to 1.
American securities are quiet. 5-20 bonds are
now quoted 64 to 1 ; Erie Railway shares, 38 to 1,
being 1 per cent. lower ; and Illinois Central, 74
to 1.
International Financial shares are now quoted
to 11 dia. ; London Financial, 15 to 13 dis.

- -
pm

General Credit, 1; to 1i dia. ; Credit Foncier,
11 to 1; die.; and National Discount, &. to
71. prem.
There were no bullion operations at the Bank
yesterday. The bulk of the t.;78,000/. by the
Persia, from New lurk, has been taken for the
Continent.
A rather remarkable fall took place yesterday in
the price of bar silver, owing to the sudden cessation
of the demand for Northern Germany, whither
supplies have been sent from here for some time
past. Transactions were reported at ss. Val. per
ounce, being Id. lower than on Monday. There is
still an entire absence of demand for the East,
- and the steamer which will leave Southampton to-
day will take no specie. Mexican dollars have
also declined •g d., the nearest quotation being ss.
The foreign exchanges yesterday afternoon wore
generally firm. The rates for bills on Hamburg were
higher, but as regards the exchanges with Austria,
the tendency was more favourable for that empire.
The usual list is subjoined :
Amsterdam, 3 months, 11.18 to 11.181 : ditto, short,
11.14 to 11.15 ; Rotterdam. 3 months, 11.18 to 11.181 ;
Antwerp, 3 months, 25.50 to 25.60 ; Brussels, 3
months, 25.50 to 25.60 ; Haraburg and Altona, 3 mouths,
13.9 to 13.10 ; Berlin, Cologne, Sc., 3 months, WA,
to 7.0 ; St. Petersburg, 3 months, 24i to 24R ; Paris, short,
23.10 to 2'1.22a • ditto, 3 months, 2i.40 to 25.45 • Mar-
ad seines, 3 month's, 25.40 to 25.45 ; Frankfort-on-the:Maine,
3 months, 118 to 1181 ; Vienna, 3 months, 13.50 to
14.0 ; Trieste, 3 months, 13.50 to 14.0 ; Mauh hl, 3 months,
441 to 44 ; Santander, 3 months, 441. to 44 ; Ca,liz, 3
months, 46 to 45 ; Seville, 3 months, 46 to 45 ; Malaga,
3 months, 40 to 45 ; Valencia, 3 months, 46 to 45 ; Bar-
celona, 3 mouths, 461 to 4b; Bilboa, 3 months. 46 to
45 ; Valladolid, 3 months, 44, nom.; Saragossa, 3 months,
451 to 45 ; Leghorn, 3 months, 30 to 30.50, num. ; Genoa,
3 months, 30 to 30.50, nom. ; Naple-i, 3 months, 30 to
3 30.50, nom.; Palermo, 3 months, 30 to 30.50, nom. ;
Messina, 3 months, 30 to 30.50, nom. ; Lisbon, 90 days
date, 511 to 51 ; Oporto, 90 days' date, 51.;, to 51.
Subjoined is a copy of a private telegram, dated
Bombay, the 23rd instant :-Exchange ouLondon
for a first-class bank bill, 6 months' sight, 2x.10-16d.
per reipee ; the Calcutta rate for ditto, 2s. 10-16 d.
per rupee ; exchange on Calcutta at sight, 100; to
1001 ; Government Four per Cent. Paper, 90
rupees : ditto Five per Cent., 105 ; ditto Five-
and-a-Half per Cent., 110; rupees ; Bank of Bum.
bay rate of discount, 13 ; bar gold, tno. tunch,l63
rupees per tola ; bar silver, 17
000 to 1b74, lue
ftterness,
1063 rupees per 100 tulas. 36,ales o cotton
sailed from Bombay during the fortnight. Every-
thing gloomy.
A private telegram from China states as follows :
-Latest dates :-Hong Kong, 30th May ;
Shanghai, 23rd May ' • Foo Chow Foo, :Ord May.
Export of tea for the fortnight, nil. Exchange in
Hong Kong, 4s. 6d. to 4s. 6•1(1. Freight at
Whampoa Sys. to 90s. per ton. •
Vice-Chancellor Wood has just conf:rnical the
resolution to wind up voluntarily passed by the
shareholders of the Imperial 'Aercantile Credit
Association, and has continued Mr. Alexander
Young and Mr. John Ball as liquidators, to act
under the supervision of the court.
At a special meeting yesterday of the shareholders
of the London Bank of Mexico and South America
(Limited) the official explanations afforded with
reference to the recent call of Si. per share were
considered satisfactory, and a vote of thanks to,
and confidence in, the directors was passed.
The first ordinary general meeting of the Hop
and Malt Exchange and Warehouse Company
(Limited) was held yesterday. After a rather
lengthened discussion, a committee of investigation
was appointed to inquire into certain charges made
in a circular which had been issued by r. J. G.
T. Sinclair, a late director.
The Anglo-Austrian Bank will be prepared to
pay on and after the 2nd July pros. Coupon No.
1, due on that day on new shares, at the rate of
3s. 6(1. per share, free of income tax.
The Metropolitan Railway traffic return shows
this week an increase of 1,32i1/. over last year.
We have received the following circular And en-
closure in reference to the affairs the Consoli-
dated Bank (Limited):
xd 7, Penchurch-street, Lonclon, June, 18(.6.
Sir,-I am desired by the directors to forward you the
enclosed balance-sheet of the hank up to the Nth day of
May last, and also the report of Kirkman D. Hodgson,
Es., M.lservant, JAee
'. E
John Pl, Lsq., 11. P.-I ant, sir, your
obedient M.. Slimier., A,sistr.nt Manager.
DR. LIABILMV.
To capital paid up, viz., IZ.o,uuo bilfirel at L 4
delve- stkO,C4o 0 0
1,47,542 0 5
To amount due by the lank upon current.and other accoun
14 sit • ts 1,57.!43 5 0
3,
ad o acceptances
To reserve fud
To balance ofngrom Pratte te date