The Express.
London, England, 1866-09-01 00:00:00

'HIS DAY.)

Gin o'CLooz.
The share markets are somewhat flatter to-day,
the decline yesterday in the foreign exchanges and
the withdrawal of gold from the Bank for New
York having induced some speculative realisations.
The advance in prices during the last few
days has been so great that no surprise can
well be expressed at the present reaction. Consols
have declined 1-16th to 1 per cent. In the rail-
way department a serious fall has occurred in
London, Chatham, and Dover stock, the disclosures
made at yesterday's meeting being regarded as very
unsatisfactory. Some of the other lines have also
receded. London, Brighton, and South Coast stock,
however, is still inquired for, upon a rumour that
an amicable arrangement has been effected with the
South Eastern and London, Chatham, and Dover
companies. The reduction in foreign securities is
confined to a few descriptions. Banking and
financial shares, which have hardly participated in
the recent improvement, are in request, and exhibit
an upward tendency.
The discount market is quiet to-day, and choice
paper is taken at sto 5,1 per cent. The charge in
the Stock Exchange for short advances on English
government securities is per cent.
Consols are now quoted 891 to for money
and 891 for the 6th of September.
Spanish Passive and Certificates have receded
per cent., but Turkish of 1865, Greek and Italian
of 1861 are in demand, and have risen 1 to I.
Turkish of 1862 are quoted 49 to 50 ; ditto of
1865, 27/ to 1 ; Greek, 151 to ; Spanish Pas-
sive, 231 to 1 ; ditto Certificates, 14 to 161 ;
Italian, of 1861, 55 to 1 ; Brazilian scrip, 11
to 11 die. ; and Mexican, 16 to 1.
United States 5-20 Bonds and Illinois Central
Railway shares have declined per cent., the pre-
sent quotations being 73 to 1 and 791 to 80,
respectively. Erie, however, are steady, at 45/
to 461.
Anglo-American Telegraph shares are quoted
mi to Ilk, and Atlantic Telegraph, 3i to 1, show-
ing no change in either case.
International Financial shares are quoted 11 to
die. ; London Financial, 14 to 13 dia. ;
'leneral Credit, 11 to 111 die. ; Credit Fancier,
21 to da. ; and National Discount, si to 10
prem.

-
78

106

-
791 9 90

gs

...
1061

25 f
11 1 I

-id

Two o'CLoca.
Consols are fractionally better, at 891 to 4, both
roe money and the 6th inst., and 891 to 4 for the
new account.
About 61,0001. in bar gold and 51,000 sovereigns
were sent into the Bank yesterday, while 140,0001.
lin American eagles were withdrawn for transmis-
al sion to New York by the steamer which will leave

Liverpool to-day.
The steamer Rhone, from Brasil, has reaches
Southampton, with 49,6231. in specie. The Java,
from New York, has also brought 8,0001.
The foreign exchanges were generally somewhat
lower yesterday, owing to the decline in the value
of money here. Subjoined is our usual list :
Amsterdam, 3 months, 12.0 to 12.0% ; ditto, short,
11.18 to 11.19 ; Rotterdam, 3 months, 12.0 to 12.1 ;
Antwerp, 3 months, 25.55 to 25.60 ; Brussels, 3
months, 25.55 to 25.60; Hamburg and Altana, 3 months,
13.9% to 13.10 ; Berlin, Cologne, he-, 3 months. 6.28
to 6.291; St. Petersburg, 3 months, 281 to 28% ; Paris,short,
25.21% to 25.32% ; ditto, 3 months, 25.45 to 25.52% ; Mar-
seilles, 3 months 25.45 to 25.52% ; Frankfort-on-the-Maine,
3 months, 120. to 1201 ; Vienna, 3 months, 13.25 to
13.35; Trieste, 3 months, 13.25 to 13.35; Madrid, 3 months,
45 to 441 ; Santander, 3 months, 45 to 441 ; Cadiz, 3
months, 461 to 46 ; Seville, 3 months, 461 to 46 ; Malaga,
S 3 months, 461 to 46 ; Valencia, 3 months, 46% to 46 ; Bar-
celona., 3 months, 48 to 471 ; Bilbao, 3 months, 463 to
46 ; Saragoosa, 3 months, 46% to 46 ; Leghorn, 3
months, 27.20 to 27.40 ; Genoa, 3 months, 27.20 to 27.40 ;
Naples, 3 months, 27.20 to 27.40 ; Palermo, 3 months,
27.20 to 27.40 ; Messina, :i months, 27.20 to 27.40 ; Lisbon,
dill 90 days' date, 51f to 513 ; Oporto, 90 days' date, 51%
to 511.
At Paris the rate of discount in the open market
is 2 per cent. ; Vienna and St. Petersburg, 5 ;
Hamburg and Frankfort, 3; Turin, 6 ; Amsterdam,
a
; Berlin, 4 ; and Brnts, n per cent.
In connection with the fortnightly settlement in
the Stock Exchange the failure has been announced
of a broker, but his liabilities are understood to be
zd limited. His difficulties are stated to have been
caused by some extensive operations for a fall in
British railway securities.
A meeting of the shareholders in the Imperial
Mercantile Credit Association, convened by the
(Us liquidators, to make a call of 5/. per share, was
held yesterday, when Mr. Young, one of the liqui-
dators, submitted and explained a full statement of
the affairs of the undertaking. It appears that the
liabilities, which at the commencement of his
appointment on the 11th of May, amounted to
4,651,0001., have since been reduced to 2,750,000/.,
on which a dividend will have to be paid. The
reduction in the commitments arises to a large
extent from the satisfactory arrangements which
the liquidators have made with parties to whom
the association was under contract to advance
money. The figures originally standing at up-
wards of 400,0001., the liquidators have reduced
to about 100,0001., without imperilling the secu-
rities. The other reductions were by the realisation
of securities and the running off of bills. Finally,
the call of 5/., which is payable on the 21st of
September, was agreed to, and a cordial vote of
thanks was passed to Mr. Ball, one of the liqui-
dators, who occupied the chair, and to Mr. Young,
for the candid and lucid statement which he had
placed before the meeting.
At the meeting yesterday of the London and Glas-
gow Engineering and Iron Ship-building Company
(Limited) the report, which was adopted, stated
that in January last all branches of the company's
business were in full operation, and that the direc-
tors, looking at the amount of work performed,
considered the position of the undertaking such as
to warrant them in recommending the payment of
an interim dividend for the half-year at the rate of
6 per cent. per annum. It was anticipated that a
larger amount would be available for division at
the end of the financial year, on the 30th of June
last, but acombination of exceptional circumstances,
including the strike in the ship building trade on
the Clyde (now at an end), and the monetary crisis,
has prevented the realisation of this anticipation.
Although the accounts do not permit the declara-
tion of a further dividend this year, 1,0001. has
been written off tie preliminary expenses, and
3441. is left to be carried forward, after allow-
ing for the distribution already made. The direc-
tors were recommended to reduce the nominal
value of the shares from 501., with 201. paid, to 101.,
with a proportionate amount paid.
We are requested to state that Mr. R. M.
Sandeman will to-day commence business as a
billbroker at 7, Nicholas-lane, Lombard-street.
A petition for the winding up of Charles Latta
and Co. (Limited) is to be heard before the
Master of the Rolls on the 3rd of November.
A call of 11. is to be paid by the 29th September
on the preference shares of tie Malta and Mediter-
ranean Gas Company (Limited).
A general meeting of the Varna Railway Com-
pany will be held on the 12th September.
The subjoined memorandum refers to the Delhi
Railway :
The sum of 207,000 f. ham been peel up to this date
to the credit of the Secretary of Siete for India, en
amount of the sill of 31. per share recently made, including
-.went& in asitioipsnms.

FRIDAY Evans°.
Consols, which closed yesterday at 891 for the
6th of September, opened this morning at 891 to
1, and left off at that price. For money the last
quotation was 891 to , and for the new account
891 to ;. The ofti • business report is as fol-
lows :—Three per Cent. Console, for money, 891,
ditto, for aoeotmt, 99k, 1, ; ree perCenta.
Redueed, 881, 1, ;
_New -Three per Cents., 881,
dim,; Bank Stock, 246 ; India Stock, 210 ;
Five per Cent. 1041, 1, ; ditto Five-and-e-
Half per Cent. "enlaced ' rupee paper, 104.
The Indian Five per Cent. Stock was inquired