The Express.
London, England, 1866-11-17 00:00:00

MONEY M.

Owz o'Cwcz.
The condition of the stock markets to-day is
satisfactory, owing partly to the arrival of nearly
half a million sterling in gold, the bulk of

which is expected to be sent into the Bank
next week. There is very little demand for bul-

lion for exportation, the Paris exchange being firm.
It is believed, therefore, that the official minimum
may be reduced during the next two or three
weeks, especially as it is anticipated that
the influx of coin from the provinces will continue
upon a somewhat considerable scale, the harvest
being over. The funds are still in request, and have
attained a further advance of 1-16 to per cent.

The tendency of English railway stocks is rather
favourable, but, in the absence of business, prices
are mostly quoted the same as yesterday. Turkish
Five per Cent. Bonds are again better, upon the
announcement of the favourable arrangements
completed by the government for the payment of
the interest and sinking fund. Italian bonds of
1861, however, have given way.
The discount market is quiet, the payments
falling due to-day in connexion with a large
amount of China and Australian paper having been
anticipated. The general rate for good three months'
bills is 31 per cent., but exceptional transactions
are reported at 31, or 1 below the charge at the
Bank of England.
Consols are now quoted 901, cunt div., for
money, and 88/ to 89, ex div., for the account (Gth
December).
Italian Bonds of 1861 are flat, and have declined
per cent., but Turkish of 1865 are in request,
sad have risen 1. The other speculative descrip-
tions are quiet and unaltered. Turkish Bonds of
1862 are quoted 58 to 69 ; ditto, 1865, 33 to 1 ;
Greek, 131 to 141; Spanish Passive, 211 to 1;
ditto Certificates, 141 to 1 ; Italian of 1861, 541 to
; Mexican, 171 to /.
United States 5-20 Bonds have improved 1 per
cent.—viz., to 70 to 1, but Erie and Illinois
Central railway shares show no movement, at
49} to 50, and 771 to 1, respectively.
Anglo-American Telegraph shares are quoted
- 141 to 15, being firm, and Atlantic Telegraph
- 8 per cent. preference, 31 to 41, showing no
change.
The Ripon, from Alexandria, has brought
468,4861. in gold, chiefly Australian.
International Financial shares are quoted 2
to 1/ dis. ; London Financial, 161 to Hi dis. ;
General Credit, 2to 11 dis. ; Credit Foncier,
5 to 41 dis. ; National Discount, 91 to 10 prem. ;
and Hudson's Bay, 174 to 1.

Two o'CLocs.
Consols are quoted 901 to cum div. for money,
and 881( to 89 ex div. for the account, being frac-
tionally better in the former case, compared with
the price current at 1 o'clock.
At Paris this morning the Three per Cent. Rentes
opened at Mr. 37c., showing no change.
The amount of gold sent into the Bank yester-
day was 14,0001.
The foreign exchanges yesterday afternoon were
very steady. Bills on Vienna were quoted rather
better for Austria. The usual list is subjoined
Amsterdam, 3 months, 11.19 to 11.19* • ditto, short,
11.15* to 11.16* ; Rotterdam, 3 months, 11.19 to 11.19*;
Antwerp, 3 months, 25.42* to 25.474; Brawls, 3 months,
25.42* to 25.47* Hamburg and Alton, 3 months, 13.9 to
13.9* • Berlin, Cologne, Ac., 3 months, 6.2.5* to 6.261;
St. Petersburg, 3 month, 301 to 30 ; Paris, short, 25.15
to 25.25 ; ditto, 3 mouths, 25.40 to 25.45 ; Marseilles,
3 months, 25.40 to 25.45 ; Frankfort-on-the-Maine,
3 months, 1191 to 120; Vienna, 3 months, 13.10 to
13.15; Trieste, 3 months, 13.121 to 1:1.171; Madrid, 3
mouths, 471 to 47* ; Santander, 3 months, 474t0474;
3 months, 481 to 48; Seville, 3 mouths, 454 to 48; Malaga,
3 months, 48 to 47i ; Valencia, 3 months, 48 to 471 ; Bar-
celona, 3 months, 48* to 481 ; Babes, 3 months, 471 to
47* ; Saragossa, 3 months 47i to 47* ; Leghorn, 3
months, 27.20 to 27.25 ; 'Genoa, 3 months, 27.20 to
27.25 ; Nsples, 3 months, 27.20 to 27.25 ; Palermo 3
months, 27.20 to 27.25 ; Messina, 3 months, 27.20 to
27.25 ; Lisbon, 90 days date, 511 to 511 ; Oporto, 90 days
date, 511 to 511.
At Paris, Frankfort, and Brussels the rate of
discount in the open market is 3 per cent. ; Ham-
burg and Berlin, 31 ; Vienna, Si, ; Turin, 6 ; Am-
sterdam, 5; and St. Petersburg, 7i per cent.
The annexed memorandum has been forwarded
to us from the Ottoman consulate in London, and
accompanying it is an official statement issued by
r the Turkish Ministry of Finance, explanatory of
yay the arrangements for providing the interest and
• sinking fund of the various foreign loans, and of
the general debt :
The Imperial Ottoman Government, in fulfilment of its
promise of the 6th September last, has now formally as-
, signed to the Imperial Ottoman Bank revenues valued at
4,600,0001. to provide for the dividends of the foreign loans
and the 5 per cent. general debt, amounting together to
i 4,300,0001. Details nay be had on application at the Otto-
' man Consulate General, Ethelburga-house, 70 and 71,
Bishopsgate-street Within, E.C.—November 16.
Applications have been received for more than
the whole amount of the new capital of 400,000/. of
the Agra Bank. Steps will at once be taken to
obtain the sanction of the Court of Chancery, and
thereupon the resuscitation will be complete.
A meeting of a large and influential body of
shareholders of the Bank of Hindustan, China,
and Japan(Limited), took place, by invitation of the
directors, at the offices of the company, yesterday
afternoon, when it was unanimously resolved that
at the extraordinary meeting to be held on Mon-
day next, at the London Tavern, at 12 o'clock, a
a committee should be appointed, composed of
three directors and three shareholders, to carry out
a voluntary liquidation of the company, under the
supervision of the Court of Chancery.
The Caledonian Railway traffic return shows this
week an increase of 5171. over last year, and the
North British an increase of 1,3311.
An extraordinary general meeting of the Ner-
budda Coal and Iron Company (Limited) is called
for the 26th inst., " for the purpose of enabling the
directors to lay before the proprietors the basis of a
contract with the Great Indian Peninsula Railway
Company."
The new directors of the London, Chatham, and
Dover Railway Company have just issued their
expected scheme for the reconstruction of the
undertaking. The firstpoint is to bestock the issue
hichof
1,500,0001. of perpet per cent. , w
is to " take priority over all other stocks and
debentures, and to be a first charge on the whole
of the undertaking," save and except " any alleged
claims or priorities now existing as regards louses,
rent charges, debentures, common fund, or Vic-
toria improvements capital." The second point is
the issue of 5,205,500/. debenture stock " to rank
equally with future debentures and bear a per-
petual 4 per cent. dividend." The sense of the
debenture-holders on the plan is to be taken in
public meeting on the 26th inst., and that of the
I shareholders on the 29th inst.
The directors of the Hudson's Bay Company
I have issued their report, in anticipation of the
meeting which is to be held on the 20th inst., to
elect the governor, deputy-governor, and committee.
It announces that the usual interim dividend will
• be paid in January, but no accounts are to be given
until the termination of the company's financial
year in May. The proposition for commencing the
colonisation of the southern portion of Rupert's
Land by the company has been negatived by a
majority of the proprietors.
Before Vice-Chancellor Stuart yesterday, the
usual order was made for winding up the Spital-
fields Silk Manufacturing Company (Limited), and
Mr. F. B. Smart was appointed provisional liqui-

99 id

14Ti

dator.
A deputation of the directors of the West London
Wharves and Warehouses Company, consisting of
Sir Claude de Crespigny and Messrs. William Eve
' and William Eykyn, accompanied by the secretary
of the undertaking, had an interview on Thursday
with Lord John Manners, the first commissioner
of her Majesty's works, &c.