The Express.
London, England, 1866-02-23 00:00:00

THE EXPRESS, FRIDAY EVENING, FEBRUARY 23, 1868.

!IS DAY.)
Oi o'Oreet.
The railway market is rather firm to-day, and a
rise of 1 tot per cent. has taken place in Great
Western, London and North Western, Lancashire
and Yorkshire, and Great Eastern stooks. The
other leading lines are unaltered.
London and North Western stock is qnoted
; 116 to 1271; Great Western, 58 to 591 ;
Ito # Lancashire and Yorkshire, 1221 to
123 ; Great Eastern 381 to 391 ; South Eastern,
761 to 771 ; Caledonian, 131 to 133 ; Metropolitan,
1331 to 1341, ex div. ; Great Northern, 129 to
130 ; ditto A, 148 to 149.
Canadian railway securities exhibit no variation.
Grand Trunk of Canada stock is now quoted 411
to 1.
MIMI =MUM

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is 96
96 91
81 N
79 31
101 106
106 166
106 VA
101 161
90 IN
NI 106
106
191 106
101
1116 106
1 103 106
1106 104 36
104 101
I 96 96

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LOS 100 101
NO 81 91
WO 98 100
100 98 100
KO 106 US

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100 &rat Nosions Ord.
100 Do. /L. hag.lllk.. No 2
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100 OttelNortbont
100 Do.A IA too. Bo ill r. so
1110 DO.BllllOl. o. topsail
101 Do. Now. lii. at 25 pin
63 Do. Ord. Doi Div. Mot
100 01. booth & Wort. (Iro )
111 Grist porters
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TIM DAL)

Ostn OVUM;
There is not much increase of business in tke
stock and share markets to-day, yet the tone is
rather firmer, owing to the favourable character of
the returns of the Banks of England and France.
The funds and most of the chief British railwaysare
without alteration, but the speculative foreign
stocks are better. Spanish Certificates are in pro-
minent request, and exhibit an important advance.
The shares of the financial and discount companies
are unchanged.
The discount market is quiet to-day, and, with a

good supply of money, the best paper is taken at
i per cent. below the Bank of England minimum.
The rate in the Stock Exchange for loans till W-
I morrow is 5 to 6 per cent.

The fresh reduction in the Bank of France rate
of discount is fully accounted for in the return
just published, the coin and bullion having in-

'creased 890,0604, while the bills discounted have
diminished, 2,147,0001.
The government broker has boaght to-day
15,0001. New Three per Cents. for the Sinking
Fund.

Consols are now quoted 83 to for money, and
87! to / for the amount (March 8).
The foreign stock market is firm to-day, and the
general tendency of prices upwards. Spanish Certifi-
cates are in chief demand, and have risen 1 per
cent. Spanish Passive, Greek, and Mexican have
also improved /, and Turkish of 1866, and Bra-
zilian scrip, I. The quotations are as follows :
Greek, 14 to ; Mexican, 20 to I ; Spanish
Passive, 27} to ; ditto Certificates, 161 to ;
Turkish, 1865, 30 to I ; Brazilian scrip, 2 to
prem. ; Egyptian scrip, 1 to 1/ prem. ; and Italian,

_ _
iBGI, 601 to I.
United States 5-20 Bonds continue in request,
and are again slightly better, at 69/1 to f ; Erie and
Illinois Central Railway shares are steady, at bn
to I and 7611 to 77 respectively.
The steamers New York and Etna, from New
York, have brought 49,0001. and 23,0001. in specie,
ti el respec v y.
International Financial shares are now quoted
kto prem. ; General Credit, to 1} prem. ;
London Financial, 2to die. ; Imperial Mer-
cantile, to 1 prem.; Credit Fonder, 3to k
prem. ; Overend, Gurney, and Company, 4} to
prem. ; and Joint Stock Disoount, 6 to 5} die.
The shares of Charles Leila. and 00. are
nominally quoted 21 to 3} prem., and Mont Canis
Railway, 1 to lit prem.

HALT-PAST THRZZ O'CLOCK.
Consols are quoted 87* to 1 for money, and
871 to / for the account, showing a reduction of
* per cent. in the latter instance, compared with
the price current at 1 o'clock.
No bullion operations have taken place at the
Bank.
At Paris to-day the Three per Cent. Rennie
opened at 69fr. 30c., showing no change.
The alteration at the Bank of England had been
regarded lie much as a matter of certainty that it
calls for little remark. The immediate motive for
the change is of course to be found in the
highly favourable character of the weekly Bank
return, analysed below, which exhibits a progressive
falling off in the Bank's discount business, acoom-
mulled by a great increase in the bullion and re-
serve. Since the 4th of January,when the advance
to 8 per oent, took place, the coin and bullion have
increased from 13,106,1831. to 13,822,9354 —a
difference of 716,7521. ; but the increase in the re-
dike (notes and coin) is much larger, being
2,280,5971., viz., from 5,979,7481. to 8,260,3451.
I Considering these figures, together with the con-
tinued flow of gold to the Bank, the firmness, thus
far, of the continental exchanges, the fall which is
taking place in the value of money in all the chief
European markets, the absence of demand for ether
for the East, and the fact that the next Indian
cotton shipping season is still some months off,
there seems good reason to anticipate further relief
to our money market.
About 45,0001. in gold was taken to the Bank
yesterday.
Subjoined is a copy of a private telegram just
received from China :—" Latest dates—Hongkong,
Ist February, 1866 ; Shanghai, 25th January ;
Foo Chow Foo, 22nd January. Export of tea for
the fortnight, 3,000,0001b5. t • marker quiet. Ex-
change in Hongkong, 4a. 7}d.. Freight at Whampoa,
50s. per ton."
A circular, which has just been forwarded
to the shareholders of the East Indian Rail-
way Company, announces a further issue of
1,000,0001. of capital. It is satisfactory to learn
that the larger portion of this amount is required
to pay for railway materials in this country, so
that little will have to be remitted to India.
At the meeting of the shareholders of the Orien-
tal Commercial Bank (Limited), held yesterday,
the directors' report was adopted. The net profits
of the bank for the six months ending December
last were 19,6271., and an interim dividend was
declared for that period at the rate of 10 per cent.
per annum, clear of income tax. This will absorb
8,5001., leaving 11,1271. to lbe tarried forward.
The annual meeting of the shareholders of the
Eastern Exchange Bank (Limited) will be held on
the Ist March at Liverpool.
An extraordinary general meeting of the Asiatic
Banking Corporation is convened for the 7th of
March, to consider a proposed increase in the aura-
-1 bur of directors.
The following memorandum is from the East
India Irrigation and Canal Company :
By the accounts received from India by. the last Bombay
mail from Colonel Randall, the chid engineer, progrres of
a very highly satisfactory character was being made. Dia-
tributios channels leading from the main cantle for the
purpose of conveying water to the contiguous Janis, were
tunic, eciestractioe, several of which were approaching com-
pletion, whilst preparations were being made tor the iniga-
ticia of portions of the lands commanded.
The London and Southwark Insurance Corpora-
tion have declared a dividend at the rate of 5 per
cent. per annum, payable on March Ist.
Mr. T. Osborne Stock, M.P., has been appointed
a director of the Dublin Trunk Connecting Rail-
way Company, in place of the Right Hon. William
Monsell, M.P. who has been appointed Vice-Pre-
sident of the Board of Trade.
A call of 21. 10s. is to be paid upon the shares of
the Anglo-Greek Steam Navigation and Trading
Company (Limited) by the 15th March.
Meagre. Baring Brothers and Co., and Messrs.
Glyn, Mills, Carrie and Co., announce that " the
sum of 20,5181. 10s. 101, being the amount appli-
cable to the sinking fund for the half-year ending
31st of December, 1865, for a quarter per cent. on
the total issues of Consolidated Five per Cent.
stock, and interest on previous redemptions, has
been employed in the purchase of 25,700/. Canadian
Five per Cent. Consolidated Stock."
With reference to the silk sale*, Messrs. Durant
and Co. report as follows under date of last evening:
The periodical public moles oommenosd yesterday, sad are
coccluded. The quantity offered was 1,400 bales Bengal,
4,000 bales Caine, 700 bales Japan, and 1,500 bales Canton
silk. The whole was allowed to pass without bidding, avid
the actual business done is even less than anal. In the
general market we have a coetienstlon of the inactivity and
indisposon to purchase which has existed more or lees
during the last three maths; hence, with the exception of
one or two forced gales, trasaactiona are of the meet
limited character. The deliveries have fallen back to the
scale of December.
The return of the Bank of England for the week
ending Wednesday, Feb. 21, compared with that
for the previous week, shows the following changes
Circulation bras 12'7,971,690 %Imam =Luz
anoulation active 9D,562.590 Decrease 150,650
Public deporile
Other &potato 12,591,493 Inseam 416,374