The Express.
London, England, 1866-11-13 00:00:00

1"
14/14.6

ARKET.-(THI8 DAY.)

MONEY X

Otis o'Climm.
The share markets are firm to-day, with a
good amount of business. The recent specu-
lators for lower prices are still effecting
purchases, while the public exhibit an increased
desire to enter into bond fide operations.
Fresh transsctions, however, are partly checked
at the moment by the fortnightly settlement,
which has just commenced. The funds are
unchanged, but s further rise has occurred in Bri-
tish railway stocks and foreign bonds. The inquiry
extends to colonial government securities, as well
as banking and financial shares.

The applications for discount to-day are upon a
very moderate scale, and the rate for the best
paper is unchanged, at 31 per cent. In the Stock
Exchange, short loans on English government
securities are obtainable at 3 to 31 per cent.

Consols are now quoted 89/ to t, cunt div., for
money, and 881 to ex div., for the account (6th
December).
The foreign stock market is firm, and a rise,
ranging from to per cent., has taken place in
Turkish of 1862 ; ditto of 1865, and Mexican
Bonds. Spanish Passive and Certificates
are also 1 better ; Turkish Bonds of 1862 are
quoted 57 to 58 ; ditto, 1865, 32* to ; Greek,
131 to 14; Spanish Passive, 21i to / ; ditto Cer-
tificates, 131 to 141 ; Italian of 1861, 54A to ;
Mexican, 17)1 to
American securities are without change of
importance. The 5-20 Bonds are quoted 64 to g ;
Erie Railway shares, 511 to / ; and Illinois Cen-
tral, 771 to 78.
Anglo-American and Atlantic Telegraph shares
have improved 2a. 6d. to ss. ; the former are
called 14* to 1, and the latter, 4} to 1.
International Financial shares are quoted 11
to 11 dis. ; London Financial, 17 to 16 du. ;
General Credit, 11 to 1/ dis. ; Credit Foncier,
4g to dia. ; National Discount, 9/ to 10 prem. ;
and Hudson's Bay, 161 to 17.
The numbers are published of 461 bonds, repre-
seating 98,400/., of the Turkish 6 per Cent. Loan
of 1862, which were drawn on the Bth inst., and
are to be paid off at par on the Ist January neat.
The present price of these bonds in the market
being only 57, the bonus to the holders of the win-
ning numbers is about 43 per cent., so that this
paper assumes something of the character of a
lottery ticket, differing, however, in this respect,
that it pays a high rate of interest.
The amount of gold sent in to the Bank yester-
day was 42,0001., including 8,000 sovereigns from
Malta.

1611
48
821

- xi

_
ii- zd

-
The Atrato, from the West Indies, has brought
143,5001. in specie, and the Delta, from Alexandria,

4,1661.
The steamer Ripon is expected to arrive at
Southampton from Alexandria next Saturday, with
468,4861. in gold, chiefly Australian. The Norfolk
is also on the way from Australia to London with
113,0001. ; the Sir John Lawrence, with 37,500/. ;
and the Wooloomooloo with 25,5001. The aggre-
gate is 644,500/.
The amount of government bills on India, for
which tenders will be received at the Bank of
England on the 21st inst., will be rupees 30.00.000
(300,0001.)
The advices from Adelaide, South Australia, an-
nounce the suspension of Messrs. Philip Levi and
Co., merchants, with liabilities estimated at up-
wards of 300,0001. This is stated to be the largest
mercantile failure ever known in the colony. The
event, however, seems to have been expected in
London for some time past. At Sydney, Messrs.
Love and Son, wholesale grocers, and %V. Drynan
and Co., warehousemen, had also stopped pay-
ment, with liabilities amounting to 46,000!. and
42,0001. respectively.
A meeting of creditors of tho late Agra and
Masterman's Bank (Limited) was held yesterday,
when the plan for the resuscitation of the under-
taking was placed before them for their approval,
by means of which their claims will be satisfied by
instalments as follows :-ss. payable in January
next ; 3s. in July ; 2s. in October ; 2s. Gd. in
March, 1868 ; and 24. Gd. in July, 1868 ; the pre-
sent liabilities of the shareholders to remain until
the claims are satisfied. After some discussion, the
proposal was agreed to.
At the half-yearly meeting yesterday of the Trust
and Agency Company of Australasia, a dividend
was declared at the rate of 10 per cent. per annum.
The net amount of money invested by the under-
taking in Australia is 406,000/.
Formal notice is given that a petition for the
winding up of the Peruvian Railways Company
(Limited) is to be heard before Vice-Chancellor
Kinderaley on the 23rd inst. The solicitors for the '
petitioners are Messrs. Freshfields and Newman, and
the petitioners themselves are the Thames and
Mersey Marine Insurance Company (Limited).
An extraordinary general meeting of the China
Steam Ship and Labuan Coal Company (Limited)
is called for the 26th inst., " to consider the pro-
posed reconstruction of the company on the basis
of the circular letter of the secretary to the share-
holders, under date of the 4th of October, 1866 ;
and to receive and consider propositions to be made
in accordance therewith, and to pass resolutions
thereon. And, with a view to such reconstruction,
to resolve on the dissolution and winding up of the
company," &c.
A meeting of the holders of Havana and
Mariana() Railway mortgage bonds is called for the
11 Ifkh inst., at the offices of the Colonial Company
(Limited), "to consider the steps to be taken in
reference to the proposals of the railway company
for satisfying the claims of the bondholders."
The half-yearly meeting of the Bombay, Baroda,
and Central India Railway Company is called for
the 14th December.
We are informed that the intended proceedings
in Chancery by certain Metropolitan Extension
shareholders against the Metropolitan Railway
Company have been withdrawn, after due consi-
deration.
The traffic receipts on the Atlantic and Great
Western Railway for the third week in October
amount to 146,104 dols., against 162,205 dols. in
the corresponding period of last year, showing a
decrease of 16,101 dols. The total receipts from
the Ist January to the 23rd October were 4,547,202
dole., against 4,222,078 dohs. in the like period of
1865, exhibiting an increase of 325,124 dols.

3iANIUT EVENING.
Consols, which closed on Saturday at 884 i
" buyers," ex div., for the Gth December, were first
marked this morning 880, and closed at 881 to 1..
For money the last price was 891 to g, with div.
The official business report is as follows :—Thres
Cent. Consols,perfor money, 891, 5,1, 1; ditto,
for account, 881, 4 ; Three per Cents. Ruoed, 871,
, ; New Three par
Cents., 87f Red Sea
Telegraph, 195 ; India Five per Cent. Stock, 1061,
6 ; ditto Four per Cent. "enlaced" rupep paper,
85, 45 ; ditto Five per Cent., 1011, 1005 ; ditto
Five-and-a-Half per Cent., 1014, ; ditto Bonds,
23e., 21s. prem.
Indian Government securities were steady.
Exchequer Bills remain at par top 4s. prem.
In the foreign stock market the rincipal feature
was an inquiry for Mexican and Turkish Bonds of
1865, which rose tog Per cent. Turkish Guaranteed
also improved 1 per cent., and Spanish Passive, 4 ;
but Italian of 1861 declined # : and Spanish Cer-
tificates, 5. The transactions generally were more
numerous than on Saturday, and the tone of the
market was firm. The Egyptian Ismail Pacha
Loan has risen to 744 to 75. Egyptian Railway
Debentures rose 14 per cent. after the recognized
hou.
There was an increased amount of business in
bank shares, and prices were rather firmer. Bank
of Egypt and Bank of New Zealand were in good
' demand, and rose 1/. London and County, Orion-
: tal, and Union of Australia also advanced
and
10s.,
while Albion, Australasia, and Metropolitan
Provincial declined 10s.