The Express.
London, England, 1867-03-12 00:00:00

MONEY NAREST.-(771113 DAY.)

Ups o'Osucat.

The English funds are decidedly firm, with a
considerable amount of business. It is understood
that some extensive purchases have been made on ,
banking account, owing to the difficulty ex-
perienced in employing money in the discount of
commercial bills. At the same time investments
on orders from the public continue on a steady
scale. Consols, as well as the Three per Cents.
Reduced and New Three per Cents., have accord-
ingly risen I per cent. The advance in most of the
foreign bonds and home railway stocks amounts
to about but Caledonian and Great Western
have improved to The latter stock has been
sold lately to a large extent by speculators, who I
are now buying back. Banking, financial, and
miscellaneous shares are still neglected. The
amount of business generally would probably be
still larger, but for the circumstance that the fort-
nightly settlement will commence to-morrow.
The discount market is quiet, and the rate for
the best bills unaltered, at 21 to 3 per cent. Short
loans are obtainable in the Stock
.Exchange at 2
per cent.

Consols are now quoted 91 to 1 for money,
and 9U to 4 for the 10th of April. The Three per
Cents. Reduced and New Three per Cents. are
called 891 to 1, ex div.
Foreign stocks are in request. Italian of 1861,
Danubian scrip, and Mexican have advanced 4 per
cent., and Spanish Passive and Russian scrip, 4.
IChilian scrip, however, is 4 lower. Turkish of
' 1865 are quoted 291 to 301 ; Greek, 16 to ;
Spanish Passive, 211 to 221; ditto Certificates, 141
to 4 ; Italian of 1861, 54 to ; Mexican, 18 to ;
Russian Scrip, 24 to 1 prem. ; Chilian Scrip, 24 to
21 die. ; and Danubian Scrip, 14 to 1 die.
United States 5-20 Bonds have improved 1 per
cent., and Erie Railway shares 11, but Illinois
Central are unchanged. The present quotations
are :—The 5-20 Bonds, 741 to 4 ; Erie Railway
shares, 401 to 1 ; and Illinois Central, 771 to 781.
Atlantic Cable shares present no variation.
Anglo-American are quoted 151 to 4, and Atlantic
Telegraph Eight per Cent. Preference, 21 to 4.
International Financial shares are quoted
21 to 4 dia. ; London Financial, 18 to 17 dia. ;
General Credit, 21 to 21 die. ; Cred't Foncier,
61 to 61 dia. ; National Discount, 74 to 4 prem.,
ex div.; and Hudson's Bay, 151 to 161.

HALF-PAST ONE o'CLocx.
Consols have experienced a fresh rise of !. per
cent., the present quotations being 911 to 1, for
money, and 911 to # for the account.
The half-monthly settlement in shares and
foreign stocks will ro to-morrow (" continua-
tion day") and end on Friday.
Steps are being taken for the distribution
amongst the holders of Mexican Bonds of the sum
of 130,0001. now lying on dividend account at the
Bank of England. It would appear that this sum
will suffice for thirteen-fifteenths of a half-yearly
dividend on the bonds.
The Scrip Certificates of the United Danubian
Principalities Eight per Cent. Loan will be ready
for delivery on the 14th inst.
Letters received yesterday morning from Con-
stantinople announce that Aristide Bey has been
appointed the Turkish High Commissioner (Haig
Oomiemsaire Imperial) of the Imperial Ottoman
Bank, in lieu of Edhem Pasha ; and that Sadek
Effendi, a very capable and honourable man, has
been appointed governor of the General Debt Office.
The prospects for the harvest are favourable, and
the sheep tithes of Roumelia are yielding this year
considerably more than last.
The Chamberlain of the City of London is in-
viting applications at par for City Debenture
Bonds, to the amount of 200,0001., bearing 41 per
cent. per annum interest, payable half-yearly bi
coupons at the Bank of England. The money is
required for the erection of the Metropolitan Meat
and Poultry Market at Smithfield. The bonds are
for sums of 1,0001., 5001., and 1001. each, and
have ten years to run.
The steamer Syria will take to-day only 16,750/.
in specie (silver), for Bombay.
The silver market is quiet, with few transactions,
and prices are unchanged. The French mail
steamer from Mexico, which is now due at
St. Nazaire, is expected to bring about 500,000/.
in bar silver and Mexican dollars, of which about
half is on account of the French government and
the rest for London. _ _ _ _ _

The South Eastern and London, Brighton, and
South Coast Railway traffic returns both show an
increase of 1,4431. over last year.
At the meeting of the Ottoman Gas Company,
held yesterday, the directors report was adopted.
The following resolution was carried, with two dis-

sentients :
That in the opinion of this meeting the report of the
committee of shareholders which has been circulated
among the proprietors is based on wrong inferences, and
is calculated to injure the general interests of the company,
and to throw discredit upon the undertaking.
It is said that Mr. Mawkshaw's award is in
favour of the Cape Town Railway and Dock Com-
pany, and for 77,8011. and costs.
At an extraordinary general meeting yesterday of
the proprietors of the Anglo-Eaptian Bank. the
resolutions previously passed, for the reconstruc-
tion of the undertaking, were confirmed.
The fourth ordinary general meeting of the City
Offices Company will be held on the 28th instant.
The Russian (Vyksounsky) Iron Works Company
(Limited) have notified to the dissentient share-
holders that the debenture bonds of the company
will probably be ready for issue on the 20th inst.,
in exchange for the share certificates.
Travers Circular gives the following comparison
of the present position of the Bank and the price
of Consols for the week ending March 9, 1867, with
the corresponding periods of the two previous
years :

1887. 186 Cs. 1885.
Bank bullion £19,373,965 114,030,504 £14,758,007
Bank reserve 10.8%3,845 7,416,245 8,729,080
Notes in circulation 22,497;110 20,734,423 19,830,930
Rate of discount . . 3 per ct. 7 per et. 4} per et.
Consols for money . 4101 86i 881

MONDAY Evzitnra.

Consols, which closed on Saturday at 901 to 4 for
the 10th of April, opened and closed to-day at
904 to 9t. For money the last price was 901 to 1.
The official business report is as follows :—Three
per Cent. Consols, for money, 904, ; ditto, for
account, 904, 1 ; Three per Cents. Reduced, 884,
d 9, ex div. ; New Three per Cents., 881, 9, ex
iv. ; India Five per Cent. Stock, 1084, 4, 4 ;
ditto Five per Cent. " enfaced " rupee paper,
1024 ; ditto Five per Cent. Debentures, 1034 ; ditto
Bonds, 40a. preen.
There was a demand for the Three per Centa.
Reduced and New Three per Cents., which expe-
rionced a rise of 4 per cent., closing at 88; to 89
ex div. It is stated that these stocks have been
purchased to a considerable extent of late for ac-
count of the Post-office Savings Banks.
The India Five per Cent. stock was firm at
the late advance.
The March Exchequer Bills were quoted Bs. to
13s. prem., and the June 12s. to 17s. prem.
The foreign stock market was decidedly firmer
to-day, with an increased amount of business.
Turkish Bonds were in good demand, and those of
1858 and 1862 improved to 1 per cent. The
loan of 1865 was better. Some of the Egyptian,
as well as Russian of 1862 and 1864, and Italian of
1865, and the Maremmana Railway, rose to 1
Mexican, 4 ; Italian of 1861 and Portuguese, ;
and Russian scrip, .4. On the other hand, Danu-
bian Old Bonds, Russian of 1850, and Brazilian of
1865, fell per cent. ; Spanish Passive, ; and
the Committee's Certificates and Chili= Scrip, 4.
The dealings in bank shares were upon a limited
scale, and prices showed dulness. Colonial and
Standard of British South Africa declined 11., and
London and River Plate (new), and Oriental, 10s.