The Express.
London, England, 1867-10-16 00:00:00

MONEY MARKET.-(THIS DAY.)

Om VOLoca.

Public securities remain flat, owing to a prepon-
derance of speculative sales f9r a fall. The politi-
cal news from abroad is considered unfavourable,
while the announcement that a volunteer armoury
in Norfolk has been attacked by Fenian has
created uneasiness. Nevertheless, it is thought
that this statement requires confirmation. There
is little fresh business, attention being almost ex-
clusively devoted to the completion of the fort-
nightly settlement. Consols are without variation
for money, but have declined 1-16 percent, for the
account. The changes in British railway and
foreign stocks, though not important, are in an
adverse direction. Greek Bonds have not been
affected by the notification of a proposed settle-
ment of this debt.

The applications for discount are still upon a
very moderate scale, and the quotations for choice
paler are unaltered. Loans for a few days on
English government securities are offered in the
Stock Exchange at Ito per cent.
Consols are quoted 931 to for money and
931 for the account (Nov. 7). The Three per
Cents. Reduced and New Three per Cents. are
dull, at 911 to 921.

The railway market remains flat, and several of
the leading lines exhibit a fresh decline of 1 to
per cent. Annexed are the prices:—Metropolitan,
1291 to 1231 ; Great Western, 47 to ; London
and North Western, 1131 to 1 ; Midland, 119 to ;
Lancashire and Yorkshire, 1261 to ; Caledonian,
991 to 1001 ; South Eastern, 671 to 1 ; Great
Eastern, 311 to ; Great Northern, 109/ to 110/ ;
ditto A, 1151 to 1; London, Chatham, and Dover,
181 to 19: North British, 321 to 331 ; and Brighton,
63/ to 1.

Foreign stocks are unchanged, apart from a de-
cline of # per cent. in Spanish Certificates, viz., to
14 to g. Turkish of 1862 are at G 2 to 63 ; ditto
of 1865, 310, to I ; Greek, 13 to 1 ; Spanish Pas-
sive, 181 to 191 ; Italian, 1861, 441 to 45 ; Chilian
scrip, 1 dia. to Jr prem. ; and Mexican, 15 to 1.
United States 5-20 Bonds hare receded * per
cent., viz., 64 to;, ex div. Erie Railway shares
are lower, at 451 to 461, but Illinois Central are
steady, at 771 to 7S}.

Atlantic Cable shares are steady. Anglo-Ameri-
can are at 17,1 to and Atlantic Telegraph Eight
per Cent. Preference at 3 to /.
Financial shares present no movement. Inter
national Financial are quoted 21 to 2! dis. ; Lon-
don, 24 to 22 dis. ; General Credit, 21 to 2 dis. ;
and Credit Foncier, G to 51 dis.
A moderate amount of business is reported in
bank shares at yesterday's quotations.
An instalment of 10 per cent. fell due yesterday
on the Chilian loan, introduced here in January
last.

It appears that there is at last a prospect of the
settlement of the Greek debt, and after 41 years'
exertions to attain this object, its realisation, if
arrived at, will certainly constitute a financial
event of no small interest. The Greek loans were
contracted in 1824 and 1825, and the only divi-
dends received by the unfortunate bondholders
were four half-yearly payments, which were re-
tained in hand by the contractors at the time
when the loans were brought out. In other words,
Greece has never remitted one single halfpenny to
meet the dividends on these loans. A notice
has now appeared, signed by Mr. Edward
Haslewood, the chairman of the committee,
calling a meeting of the bondholders
for Tuesday next, the 22nd inst., at one o'clock, at
the London Tavern. A memorandum from the
committee at the same time informs us that a pro-
visional agreement for the settlement of the Greek
loans of 1824 and 1825 has been made between the
committee and his Excellency Sir Peter Braila,
the minister plenipotentiary and envoy extraordi-
nary, and Mr. Spartali, the consul general, on be-
half of the Greek government, by which stock to
the amount of 1,000,0001., bearing interest at 5 per
cent. from the 31st March, 1868, with an accumu-
lative sinking fund of it per cent. per annum, is to
be given in extinction of the present debts, with all
the arrears of unpaid interest. This would give,
free of expenses, in new stock for each

£lOO Red Greek Bond ex coupons, equal
to 7211. 54. of claims
£lOO Blue Creek Bond ex coupons, equal
to 211/. ss. of claims
£lOO Coupons
This agreement, it is remarked, is subject alike to
the approval of the Legislative Chamber at Athens
and of the Greek bondholders.

The amount of gold taken from the Bank yester-
day for abroad was 121,0001., making a total of
328,0001. since the date of the last return. Further
withdrawals are expected to take place in the course
of the next few days.

The Bremen has brought 4,000/. in specie from
New York for England, and the City of Antwerp
1,5001.
The foreign exchanges yesterday afternoon were
dull, and a further slight downward movement oc-
curred in the rates for bills on France. The ex-
changes with Italy, on the other hand, were quoted
worse for that country, in consequence of the
distrust excited by the unsettled condition of poli-
tical affairs. The usual list is subjoined :

Amsterdam, 3 months 12.0 to 12.01 ; ditto, short,
11.19 to 11.191 ; Rotterdam, 3 months, -12.0 to 12.01 ;
Antwerp, 3 months, 25.35 to 25.40; Brussels, 3 mantis,
25.35 to 25.40 ; Hamburg and Altana, 3 months, 13.10 to
13.101 ; Berlin, Cologne, Am, 3 months, 8.261 to 6.271;
St. Petersburg, 3 month'', 324 to 32 ; Poris, short, 25.10
to 25.20; ditto, 3 months, 23.30 to 25.32 A ; Marseilles,
3 months, 25.30 to 25.321 ; Frankfort-on-the-Maine,
3 months, 1201 to 1201 • Vienna, 3 months, 12.65 to
I 12.75 • Waite, 3 manila's, 12.65 to 12.75 ; Madrid, 3
months, 481 to 481; Santander, 3 months, 4S to 48A ;Cadiz,
3 months, 491 to 49 ; Seville, 3 months, 491 to 49 ; Malaga,
3 mouths, 481 to 481 ; Valencia, 3 months, 481 to ; Bar.
micas, Is months, 491 to 49 ; Bilbos, 3 months, 481 to
481 ; Saragossa, 3 months, 481 to 481 ; Leghorn, 3
months, 28.0 to 27.1 ; Henna, 3 months, 28.0 to
28.20 ; Naples' 3 months, 28.0 to 28.20 ; Palermo, 3
months. 28.0 to 28. ff/ ; Messina, 3 months, 211.0 to
28.20 ; Lisbon, 90 days' date, 51; to 511 ; Oporto, 90 days'
date, 511 to 511.
At a meeting yesterday of directors of the Indian
banks, the chairman, representing one of these
establishments, announced that his bank has in-
structed its agents in India to buy six months'
bills. The ostensible plea upon which this is done
is the refusal of the National Bank of India, under
its remodelled constitution, to consider itself bound
by the understanding that no bills having more
than four months to run were to be taken ; but
apart from this pretext, the banks have doubtless
been influenced by motives of convenience and of
interest in extending the paper facilities accorded
to the India trade. The understanding amongst
the banks being now practically at an end, each
establishment will be free to follow its own discre-
tion in the matter, and this, of course, means that
the six months usance will be reverted to.

The Metropolitan Railway traffic return shows
this week an increase of 2031. over last year ;
and the Glasgow and South Western an increase
of 882/. . . .

Mr. Edward Moore, the official liquidator of the
Hampstead Brewery Company ,(Limited), has this
day been authorised by the chief clerk, sitting at
chambers for Vice-Chancellor Malins (the secured
creditors having been already paid in full), to de-
clare a first dividend of Bs. in the pound to the
remaining creditors.
Subjoined are the quotations of insurance, gas,
dock, waterworks, and canal shares, as given in
the Stock Exchange list of last evening :
- - -- • • -

Insurance—London. 4,4 ; Ocean Marine, 20, : Thames
and Money Merino (limited), 54 : Union Marine Liver
pool (Limited), 84. ; Universal Marine (Limited). se• 4.
Gaslight and Coke—Bombay (Limited), 44 ; City of
Moscow Gas, 13, 4, 124 4 ; Great Central, 134 Imperial
Continental, 91:, 4 ; Surrey Consumers, 13.
Docks—London and St. Katherine, M.
Waterworks—Berlin, 124, 4, j; Ilastliondon, 114 ; West
Middlesex, 1061.
Canals—Graild Junction, -al.