The Express.
London, England, 1866-12-22 00:00:00

MONEY M

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107
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-1178 DAY.)
Oil ovum.
The stock markets remain firm, with a good
amount of business. English government securities
continue in request, and Consols are strong, at the
improvement of yesterday. Home railway stocks
are in increased demand, and have further ad-
vanced in several cases. Most of the recent
speculators for lower prices are engaged
in closing their accounts, and the upward
movement is assisted by some bond Me purchases
on account of the public, who are tempted to invest
by the low quotations now current, and by a belief
that most of the railway companies will not find it
difficult to get their debentures renewed at the turn
of the year. Foreign securities and banking and
financial shares are inquired for, but prices gene-
rally exhibit no change. The transactions on the
whole would be still more numerous but for the
Christmas holidays, which have now virtually com-
menced.
Owing chiefly to the holidays, the applications
for discount are upon a rather large scale, for a
Saturday, and the rate is firm, at 311 per cent.,
with exceptional business at 34. Many merchants
are now obtaining advances to cover their require-
ments during the next three or four days. In the
Stock Exchange the quotation for short loans is
as low as 11 to 2 per cent.
Consols are now quoted 891 to 1, ex div., for
money, and 891 to 90, ex div., for the account
(January 10).
In the foreign stock market there is a demand
for Spanish Passive and Russian scrip, which
have advanced 1 per cent. The Commit-
tees' Certificates are likewise inquired for.
Turkish Bonds of 1862 are quoted 581 to 591 ;
ditto of 1865, 321 to 33 ; Greek, 131 to 14; Spanish
Passive, 201 to 1; ditto Certificates, 131 to 14 ;
Italian of 1861, 551 to / ; Mexican, 181 to 1 ; and
Russian Scrip, 1 to 14 prem.
United States 5-20 Bonds show a fresh rise of
1 per cent., viz., to 721 to 1. Illinois Central
Railway shares are also better, at 79 to 1 ; but
Eric have receded 14, being quoted 471 to 48.
Anglo-American and Atlantic Telegraph Eight
per Cent. preference shares are without variation of
importance, at 164 to 1 and 31 to 1, respectively.
International Financial shares are quoted 21
to 2 dis. ; London Financial, 171 to 17 dia. ;
General Credit, 11 to 11 dia. ; Credit Foncier
41 to 41 dis. ; National Discount, 91 to 1 prem.
and Hudson's Bay, 161 to 1.

Two o'Cwee.
Consols are unchanged, at 891 to 1„ ex div., for
money, and 891 to 90, ex div., for the account.
At Paris this morning the Three per Cent. Rentes
opened at 69fr. 22c., being sc. better.
The large sum of 296,0001. in gold, chiefly in
bars, was sent into the Bank yesterday, forming a
portion of the 641,7291., the arrival of which was
reported on Thursday. The rest will be taken there
during the next few days.
The Scotia, from New York, has brought 54,5001.
in specie.
On Change yesterday afternoon the only altera-
tion in the rates for bills was a further movement
against Russia and Austria. The usual list is sub-
joined :
Amsterthun, 3 months, 11.181 to 11.19] ; ditto, short,
11.154 to 11.164 ; Hottenhuu, 3 months, 11.19 to 11.194;
Antwerp, 3 months, 25.40 to 25.45 ; Brussels, 3 months,
25.40 to 25.43 ; Hamburg and Altons, 3 months, 13.84 to
13.9 ; Berlin, Cologne, kc., 3 months, 6.t54 to 6.2ii4 ;
St. Petersburg, 3 months, 291 so 291 ; Paris, short, 25.15
to 25.25 ; ditto, 3 months, 25.35 to 25.40 ; Marseilles,
3 mouths, 2.5.374 to 25.42' ; Fninkfurt-on.the-Maroc,
3 mouths, 119 i to Vienna, 3 months, 13.50 to
; Triode, 3 months, 13.50 to 13.60 ; Madrid, 3
months, 47f to 4711 • Santander, 3 months, 48 to 47f Cadiz,
3 months, 481 to4Bl ; Seville, 3 months, 48i to 48; Malaga,
3 months, 484 to 4, j ; Vdencia, 3 months, 484 to 48; Bar
celona, 3 months, 481 to 481 ; Bilbao, 3 months, 471 to
476 ; Saragossa, 3 months, 48 to 471: Leghorn, :1
months, 27.20 to 27.30; Genoa, 3 months, 27.20 to
27.30 ; Naples, 3 months, 27.20 to 27.30 ; Palermo, 3
mouths, 27.20 to 27.:0; Messina, 3 mouths, 27.20 to
27.30; Lisbon, 90 days date, 511 to 514; Oporto, 90 days
date, 511 to 511.
Telegrams from Bombay, dated the 12th inst.,
quote the exchange at 25., being to 1 per cent.
lower. The silver market here consequently re-
mains dull, with no demand for the East, and very
little fur the Continent. Bars are uote rm. d otd.
to &s. OP. per ounce ; and Mexican dollars,

45. 111 d-
. Paris the rate of discount in the open market
is 21 per cent. ; at Frankfort and Brussels, 2 ; at
Hamburg and Berlin, 3/ ; at Vienna. h ; at Turin,
6 ; at Amsterdam, 41 ; and at St. Petersburg, 7
per cent.
It is officially announced that the dividend of 4s.
dis •
in the pound will be paid to the creditors of
Overend, Gurney, and Co. (Limited) on the 27th,
28th, and 29th instant.
The Caledonian Railway traffic return; hows this
week a decrease of 8031. compared the corre-
sponding period of 1865.
At the meeting of the Crystal Palace Company a
dividend of 21 per cent. was declared.
At the meeting yesterday of the Italian Irrigation
Company a report was read by Mr. Splatt, with
reference to his visit to Turin, and, after some dis-
cussion, the following resolutions were carried :
That tins meeting have heard with much satisfaction
the clear and explicit report of W. F. Splatt, Esq., on his
return from Italy, and cordially adopt the recommenda-
tion indicated by him as to the exchange of the bonds
into the obligations of the company, and pledges itself to
use every exertion to promote such exchange without
delay couditionally on the passing of the Sella conven•
tion. That this meeting expresses its high sense of the
exertions of W. F. Splatt, Esq., for his arduous services in
the resuscitation of the Italian Irrigation Company (Canal
Cavour) from its great peril, and as some consideration to
him, agree to recommend to the board and shareholders to
reimburse him for his services and sacrifices by allowing
him 5 per cent. on the first two coupons, when these are
paid on the bonds and shares.
The ninth ordinary general meeting of the
Alliance Bank (Limited) will be held on the 17th
January, when a dividend will be declared.
The third ordinary general meeting of the
don and and Liverpool Hotel Company (Limited) was
held yesterday. The directors' report, which was
adopted, showed that the disposable balance stand-
ing at the credit of profit and loss account was
3,9321., out of which a dividend at their te of 10
per cent. per annum was declared. It w also de-
cided to carry B(i3/. to the reserve fund, and the
balance to the next general account.
The annual drawing of 4 per cent. of the gross
amount of the Atlantic and Great Western Rails
-
way, Pennsylvania section, or
is announced to take place on the 18th proximo.
A general meeting of the Llanberis Slate Com-
pany (Limited) is convened for the 31st inst.

FRIDAT EV VIM]. '
Cowls closed yesterday at 891 to i, ex div.,
for the 10th January, limed this morning at 894
to 90/, and closed at 89 to 90. For money the
last price was 89/ to • The offiCentcial
Consols,
business
report is as follows :—Three per .
for money, 891, 90, 89/, 4; ditto, for account, 90,
s9i; three per Cents. Reduced, 89, /, 4
8 ; New
Three per Cents., 89, 4,8/, 9 ; India Stock, shut ;
ditto Five per Cent., 107/, 4, g- ; ditto Five per
Cent. " enfacee rupee paper, 100/, 1 ; ditto
Five-and-a-Half per Cent., 105}, 44 ; ditto Bonds,
255. prem.
The India Five per Cent. stock and the rupee
paper were firm at the late improvement,
Exchequer Bills remain at ss. to 10s. prem.
There was not much demand for foreign stocks,
and the variations in prices were not very nume-
rous. Turkish Bonds of 1858 were in request,
and rose 1 per cent. ; Brazilian of 1865 and
Danubian were likewise 4 better, and Spanish I
Passives, 4. The Committee's Certificates met
with some inquiry. On the other hand, Turkish
of 1863 and 1865 (Six per Cents.) declined 1 per
cent. ; ditto of 1862, 4 ; Mexican, 4 ; and Italuin
of 1861, Greek, and Turkish of 1865, I. Russian
@alp closed at 4 to 14 prem.