The Express.
London, England, 1866-06-21 00:00:00

131 112
130 111

JUNE 21, 1866.

[AI GO'

L'Lpriosa.

104 104

I ioo I
aq9l

102 104
15.

Pd I Q. prices.

MONEY MARKET.-(THIS DAY.)

Owe o'CLoet.
There is still little business in public securities,
owing to the ministerial crisis and the absence of
important news from the seat of war. The tendency,
andtained th.eThacecofunundts, are unchanged
however, is slightly better than yesterday, and prices
and the only
gebontheralfolyr anlney niain
alteration in British railway stocks is a decline
in Great Northern. Foreign bonds and
banking and financial shares are quiet, but
International Financial present a recovery of ss.
London Financial are heavy, in consequence of
the announcement of a call of Si. It has been
reported that this call was decided upon by the
directors through the difficulties of Mr. Furness,
the contractor ; but we are assured that the com-
pany have had no transactions whatever with
that gentleman.
No alteration has been made to-day in the Bank
'of England rate of discount. There is a fair sup-
ply of money in the general market, and previous
I quotations for the best bills are maintained.
The City of London, from New York, has brought
217,5001. in specie, which will be sent abroad, the
demand for exportation being still strong.
Console are now quoted 86 to 1, ex div., for
money, and 861 to for the account (July 10).
Foreign stocks are inanimate, and the
only change in the speculative descrip-
tions is a rise of per cent. in Turkish of 1865.
Turkish Bonds of 1862 are now quoted 49 to 51 ;
ditto of 1865, 25/ to 26 ; Greek, 101 tiro f ;
Spanish Passive, 18j to 19 ; ditto Certificates,
14} to ; Italian of 1861, 38 to 1 ; Brazilian
scrip, 5 to 4} die. ; and Mexican, 141 to f.
United States 5-20 Bonds are in request, and
have risen 1 per cent., viz., to 651 to 66. Erie and
Illinois Central railway shares are also firmer, at
411 to I and 75k to 761, respectively.
International Financial shares are now quoted
3to 21 die. ; London Financial, 181 to 18 dis. ;
General Credit, 31 to 2} dia. ; Credit Foncier,
31 to 21 dis. ; and National Discount, 61 to
Prem.
The chief portion of the money offered for
employment is derived, not from banking chan-
nels, but from merchants, who find money ac-
cumulating in their hands in proportion as trade
declines. The choicest paper, such as that bearing
the endorsement of Messrs. Baring, or Rothschild,
or the London and Westminster Bank, is occasion-
ally negotiated at 7 per cent., but this charge,
which indicates a belief that the existing rate at the
Bank will not last long, and that, when the change
comes, it will be a sharp one, is quite exceptional,
91 per cent. being currently demanded in the dis-
count market for good bills.
Holders of Danubian Principalities Bonds are
aware that, according to the arrangements entered
into, the funds required for the service of this loan
are to be paid monthly, and one month in advance.
It is satisfactory to learn that this arrangement ie
being faithfully carried out, notwithstanding the
present unsettled condition of affairs in the Princi-
palities, and that the proportion of the money re-
quired for both dividend and sinking fund has been
dilly furnished up to the Ist of July. The next
dividend is duo on the Ist of September.
The following letter from the Foreign-office, ad-
dressed to Messrs. Thomson, Boner, and Co., con-
firms the intelligence that the Spanish squadron,
which has lately been engaged in hostilities against
Chili and Peru, has been ordered home :
Foreign-office, June 19, 1860.
Gentlemen,—l am directed by the Earl of Clarendon to
inform you, with reference to your letter of 22nd January
last, that her Majesty's minister at Madrid bus reported
to his lordship, that in a conversation which he had held
with the Spanish Minister for Foreign Affairs, his ex-
cellency informed Sir John Crampton that the Spanish
squadron had been ordered home from the Pacific, and
that consequently the projected occupation of the Chin-
cha Islands will not now take place.—l am. gentlemen,
your moat obedient humble servant, E. liammuND.
Messrs. J. Thomson, T. Boner, and Co.
About 2,0001. in bar gold for the continent, and
40,000 sovereigns for Lisbon were withdrawn from
the Bank yesterday, while 5,0001., received from
Beyrout, was sent in. The operations of the week
comprise the receipt of 324,0001., and the withdrawal
of 158,0001. for exportation.
The demand for gold for abroad continues, and
the 382,000/. by the Aleppo, from New York, has
been bought for exportation.
The bidding' for bills on India took place yester-
day at the Bank of England. The proportions allotted
were : to Calcutta, 3,65,000 Re. ; to Madras,
30,000 Rs. ; and to Bombay, 1,10,000 Rs. The
minimum price was fixed at is. 101 d. on Calcutta
and Madras, and la. 101 d. on Bombay. Tenders
at and above these prices will receive in full.
These results show how great a check has been
given to remittances of specie to India. Although
government have abated their terms id. per rupee,
or equal to about 2 per cent., they have only suc-
ceeded in selling bills to the amount of 50,5001.
out of a total of 350,000/. offered yesterday.
At the meeting of the Imperial Ottoman Bank,
to be held on the 27th instant, the directors will
recommend a further payment of ten shillings per
share on the old shares of the company, making,
with the interest already paid on account, a divi-
dend of 10 per cent. for the year 1865. A sum of
15,9421. will be added to the reserve fund, and a
balance carried forward.
The Master of the Rolls has appointed Mr.
James Cooper, of the firm of Johnstone, Cooper,
Wintle, and Evans, official liquidator of the New
Zealand Banking orporation (Limited).
The Chartered Mercantile Bank of India, Lon-
don, and China have declared a dividend of 5 per
cent., free of income tax, on the Company's stock
for the half-year ending the 30th inst. It will be
payable on the 2nd of July.
The directors of the London Financial Associa-
tion (Limited) have just announced a call of 51.
per share.
The London and North Western Railway traffic
return shows this week an increase of 1,0951. over
last year; the Great Western, an increase of
1,212/. ; the Midland, an increase of 8,8491.: the
Great Northern, a decrease of 2,510/. • the Great
Eastern, a decrease of 118/. ; and the London and
South Western, a decrease of 2,777/.
The liquidator of the Commercial Navigation
Company of India (Limited) has made a fourth
call of 61. (making 26/. paid) on the A shares,
payable by the 25th July.
It is notified that the interest payable by the
contractors on the shares and scrip of the East
London Railway Company for the half-year ending
the 28th inst. will be paid on the sth July.
The market for financial shares was heavy Yester-
day, owing to the announcement of a call by the
London Financial Association, combined with the
failure of Mr. George Furness, the railway con-
tractor. The speculators for a fall at once
jumped to the conclusion that, if the
London Financial makes a call, the International
Financial, though, as everyone knows, a totally
distinct concern, must necessarily do so likewise.
Reports that the latter company is involved with
Mr. Furness's transactions were at the same time
circulated with equal positiveness and recklessness.
In answer to inquiries, however, we are officially
assured that there is no truth whatever in either
statement • that, in fact, the name of Mr. Furness
has never been upon the books of this company,
and that there is no idea whatever of making a call.
It seems scarcely necessary to point out that the
idea of this company requiring fresh funds from its
shareholders is in direct opposition to the offer
made by it during the panic last month to discount
its own bills.
With reference to the market for American se-
curities, Messrs. E. F. Satterthwaite and Co.
report as follows :
5.214 Bonds to 1021, has caused some surprise here, as it was
scarcely expected that gold would fall, sad at same time
a fallTh e newsin goltg-todayl397 .Amdeanricsnd' advance bringing
tt'hnieted""Stratteas

5.20'. go sp. It is MAO= to observe the simnel shown
by the tinned Mate. at this particular period, for not only
has there been an absence of any reds: of the pants which
has ruled here, but they have absolutely come to oar rescue
at a most critical tune, by sending us in the three weeks
ending 14th of June no lees an areouniad:cout /old thaw
5,452,6001. It is further extremely ea • to note
the prompt and friendly. action of the United Mt=
vernment in the matter of the Fenian invasion of
as itcovincingly idioms that the President widths Amerisas
people are tietomined to act in entire good faith towards
the British government. During the week the market has
been dull and inactive, but on a renewed demand to-day
governmentbondsand railroads shareskive shown a marked
Improvement, United States 5.20 Bonds closing 65i ;
Illinois Central, 751, to 7G ; and Bie., 41 to
The half-yearly dividend on the Montevidean
Six per Cent. European Loan of 1864 is ansounood
as payable at the London and Westminster Bank
on the 2nd July.
A first num",cr of the Municipal C ato
Directory, being for the present year,l=m
been
issued (published by Messrs. Longman, Green,
and Co.). This work is of great Importance, all
affording a complete compendium of local informa-
tion. It is, moreover, unique. This contents are
of a most multifarious character, the work compris-
ing fully 850 pages. Amongst other matter it con-
tains the names and addressee of county, civic, and
borough authorities, and officers of local insti-
tutions, with descriptive particularsof each locality,
relative to its history, agriculture, geology, trade,
manufactures, and commerce ; particulars illus-
trating the sanitary condition of the various cities
and boroughs historical information in reference
to charters, grants, rights and privileges, public
charities, &c. ; a "complete and original" account
of the ancient companies of the City of London,
with the names and addresses of masters, wardens,
clerks, &c. ; statistics brought down to the most
recent period, treating of shakers, the amount,
density, and progress of population, rental, rate-
able value, county rate assessment and debt, muni-
cipal and parliamentary limits, constitution and
cost of county and borough police, occupations/ of
inhabitants, i)irtlui, deaths, and marriages, rate of
mortality, area of districts, Poor-law assessments,
shipping at the various ports, with particulars re-
lating to six hundred towns ; also correct lists of
the local banks, newspapers, chambers of com-
merce, markets, fairs, &c. An address from the
proprietor, Mr. J. NV. Vickers, of Cowper's-court,
Cornhill, prefaces the work, and describes its
objects and scope.

WEDWISDAT ET121120.
Consols, which closed yesterday at 86 to 1, ex
div., for the 10th July, opened and closed to-day at
the same quotation, and at 86 to i for money. The
only variation consisted of a temporary decline of 4.
The official business report is as follows :—Three
per Cent. Consols, for money, 851, 6,4; ditto,
for account, 861, 1, ; Three per Cents. Reduced,
85g, ; New Three per Cents., 851, 4, India
Stock, shut ; ditto for account, 207, ex div. ; ditto
Five per Cent., 1034, I.
The India Five per Cent. Stock was rather dull.
The March Exchequer Bills remain quoted 15s. to
ss. dia. and the June, ss. dis. to ss. prem.
There was less depression in the foreign stock
market, especially in the afternoon, and the
variations in prices were about equally balanced.
Peruvian Bonds of 1865, and Chilian Scrip, ware in
strong demand and rose 2 per cent. Italian of
1861 also improved 4, Mexican of 1864 and the
Old Bonds On the other hand, Turkish of 1858
and 1862, New Granadian "ex all," and Vene-
zuelan of 1862 declined 1 per cent., Spanish Pas-
sive 1, and the Committee's Certificates 1.
The City of Cork, from New York, has brought
50,0001. in specie.
A General Court of the Hudson's Bay Company
' will be had at their house in Fenchurch-street, on
Thursday, the sth July.

MINES.-(THIS DAY.)

Olfl o'CLosi.

In the mining market to-day there is a demand
for Wheal Seton, Frank Mills, Tresavean, Great
Vor, and Chontales shares. Some of the present
prices are subjoined :--Caldbock Fells, i die. to
par ; Wheal Setnn, 175 to 180 ; East Caradon, 71
to 8 ; Frank Mills, 4 to 5 ; Tresavean, 7 to S ;
Great Vor. 17 to 18 ; Tincroft, 10 to 11 ; Cam-
borne Vean, 303. to 358. ; and Chontales, 1i to 11
prem.
A call of 2s. Gd. is to be paid on the last issue of
25,000 shares of the Victoria (London) Mining
Company (Limited) by the 11th of July.
The annul meeting of shareholders of the Der-
went Mines Company (Limited) is called for the
28th instant.
At Great Vor meeting, held yesterday, the ac-
counts, made up to the present time, showed a
a'aace of 5.5931. lls. Bd. A dividend of 10s. per
share was declared, leaving a balance to be carried
forward of 2,9271. 14s. tid.