The Express.
London, England, 1867-08-16 00:00:00

MONEY MARKET.-(THIS DAY.)

On o'Osoci.

In the stock markets to-day prices have been
somewhat favourably affected by the partial im-
provement in the weather and the announcement
of the arrival of the large sum of 537,0001. in
specie, chiefly from the West Indies. Consols ex-
perienced a trifling advance in the morning, but
have since relapsed to the last quotations of yes-
day, the dealings showing a slight preponderance
of sales. Some of the British railway stocks are
higher. South Eastern has risen upon the notifi-
cation of the proposed half-yearly dividend, which,
although at the rate of only 2 per cent, per annum,
is rather more than had been anticipated. Foreign
securities are firm, and banking, financial, and
miscellaneous shares steady.
The demand for money to-day has somewhat
diminished, but the rate for the best paper is
maintained at if per cent., with exceptional trans-
actions at lg. Loans for a few days on English
government securities are offered on the Stock
Exchange at Ito per cent.
Consols are now quoted 94i to for money,
and 941 to I for the account ; and the Three
per Cents. Reduced and New Three per Cents.,
94 to

The railway market is rather firm, and a recovery
of to f per cent. is observable in Metropolitan,
South Eastern, Great Eastern, Great Northern A,
and Brighton stocks. The present prices are as
follows :—Metropolitan, 1241 to 1, ex all ; Great
Western, 421 to 1 ; London and North Western,
1141 to f ; Midland, 1181 to ft ; Lancashire and
Yorkshire, 1261 to 127 ; South Eastern, 661 to
1 ; Great Eastern, 29 to ; Great Northern, 1131
1141 ; ditto A, 1141 to f ; London, Chatham. and
Dover, 171 to ; North British, 301 to 311 ;
Brighton, 501 to 1; ditto New, 31 to I prem.
The government broker has bought to-day
20,0001. New Three per Cents. for the Sinking
Fund, at 941.
In the foreign stock market Turkish Bonds of
1862 and Italian of 1861 are inquired for, at 571 to
58, and 491 to 1, respectively ; Spanish Passive
also show a favourable tendency, at 211 to 1 ; the
Certificates are quoted 161 to 1 ; Turkish of 1865,
311 to 1 ; Greek, 131 to f ; and Mexican, 141 to l,
As regards financial shares International Finan-
cial have improved 2a. 6d., viz., to 21 to 11 die. ;
while Credit Foncier have declied to the like ex-
tent, the present price being bi to 51 die. ; London
Financial are steady, at 24 to 22 dis. ; and General
Credit, at 21 to 21 die.

Bank shares are inactive, and prices unchanged,
London and Westminster are quoted 69 to 71, ex
all ; Union of London, 38} to 39* ; Imperial Otto-
man, 13 to 11 dig.; London and County, 62 to 54 ;
and Chartered Mercantile of India, 28 to 30.
United States 5-20 Bonds have declined I per
cent., the present price being 73i to i. Erie
Railway shares are called 45/ to 46 ; and Illinois
Central, 78 to showing a rise of I.
Anglo-American and Atlantic Telegraph 8 per
cent. preference shares are steady, at 161 to 17,
ex div., and 31 to 11, respectively.
The Atrato, from the West Indies, has brought
460,5001. in specie; the Borussia, from New York,
75,0001. ; and the Persia, from the same port,
1,5001.

The directors of the Bank of England made no
alteration in their minimum rate of discount yester-
day. Exactly twelve months ago it was lowered
from 10 to 8 per cent., the former charge having
been adopted on Saturday, the 12th May, imme-
diately after the failure of Overend, Gurney, and
Co., and maintained for the unprecedented period
of fully three months._

Yeaterdaybeing the Emperor's fete day, the Paris
Bourse was closed. For the same reason the usual
figures of the Bank of France return did not come
to hand last evening.
The purchase by the government broker yester-
day for the Sinking Fund comprised 21,0001. Re-
duced at 94k.
The effect of the decision given in the House of
Lords, yesterday, in the important case of Uverend,
Gurney, and Co. (Limited), is that, although the
shareholders were induced to take their shares by
the misrepresentations of a fraudulent prospectus,
they are nevertheless bound by the articles of
association, and therefore cannot be relieved from
their liability to the creditors of the company.
- .

The Great- Western Railway trattic reCurn'Phows
this week an increase of 3,0501., compared with
the corresponding period of 1866 ; the cireat Nor-
thern an increase of 7121. ; the Great Eastern an
increase of 2,357/. ; the London and South Wes-
tern an increase of 1,8591. ; the North Eastern an
increase of 5,6991. ; the Lancashire and Yorkshire
an increase of 2,5051. ; the Manchester, Sheffield,
and Lincolnshire an increase of 2,0171. ; the North
British an increase of 8351. ; the London, Chat.
ham, and Dover, including the Metropolitan Ex-
tension and branches, an increase of 2,5251.; and
the Metropolitan Extension, separately, an increase
of 291.

A meeting was held yesterday of the China Steam-
ship and Labuan Coal Company (Limited), when a
resolution was passed expressing satisfaction with
regard to the favourable statements contained in
the reports from the managers of the undertaking
at Lsbuan. The liquidators were authorised to
carry out the recommendations contained in the
reports, and an opinion was expressed that no fur-
ther call should be made until the ships of the
company are sold.
The Coupons of the Egyptian Government Loan
of 1862 (first and second issues), due Lt Sept., and
the Bonds drawn for redemption, a ill be paid at
the office of Messrs. Fruhling and °when on and
after that date.

The third series of colonial wool sales commenced
yesterday; the catalogue comprised 4,526 bales,
viz. :—Sydney, 951 bales ; Port Phillip, 528 ; Tas-
mania, 495 ; New Zealand, 2,552. The attendance
of buyers was smaller than usual at this series ;
prices of Sydney and Port Phillip were about id.
per lb. above the average of last sales, but for New
Zealandithere was no alteration. The arrivals up to
date are as follows :—New South Wales and
Queensland, 28,810 bales ; Victoria, 24,796 ; Tas-
mania, 4,866; South Australia, 7,142; West Aus-
tralia, 433; New Zealand, 38,913. Total Austral-
asian, 104,960. Cape of Good Hope, 21,886.
Held over from the last sales, about 25,000. Total
colonial, 151,846.
Subjoined is Messrs. Culverwell, Brooks, and
Co.'s report of yesterday's hide sales :
At the fifteenth series of hide sales for the year there
was a good demand, chiefly for export, and advanced rates
were generally realised. East India.—Ox and Cow.—Cal-
entta were in good request, • large proportion of the
quantity offered being sold at Improved prides ; heavy
bides showing an advance of id. to id. and other deecrip-
tions fully id. per lb. The home trade bought to a
moderate extent, exporters being the chief operators
Madras, Gopaulpore, Sm., may be quoted id. to id. per lb.
dearer. Of 142,311 bides offered, 127,840 were sold. East
India.—Buffalo were in good request, at a slight advance.
Leather.—East Indian met with a good demand, without
much alteration in prioe—Australisn, being well competed
for, advanced id. per lb. Salted bides.--Anstralian were
in (Mr request (chiefly for America), and realised full priors
Cape sold well. Dry and thy salted hides.—West Coast
were in good demand and realised full prime. West India
sold fairly, also Mogadore kips. Bark—Mimosa was in
limited request, at about late rates.
- • -

Subjoined is the return of paid clearing for the
week ending Wednesday :

-
Thursday, Bth
Friday, 9th 9,696,000
Saturday, 10th
lainday, 1111 k. 9,101,000
Tined ,ay 1311 k 10,431,000
Wednesday, 14th 8,777,000

Total £IDASO.OOO
JOAN C. Poooci, Deputy Impostor.
Buskers' Clearing•house, 15th August, 1887.