The Express.
London, England, 1866-07-21 00:00:00

MONEY MARKET.-(THIS DAY.)

Ors o'Cuas.

There is a good amount of business in the stock
markets for a Saturday, and prices generally
are firm, upon the announcement that Austria
has accepted the proposal of Prussia for an
armistice. Consols are quoted the same as yester-
day, but British railways and foreign securities are
decidedly better, and Mexican and Italian bonds
of 1861 are in strong demand. Banking and
financial shares are steady.
The discount maaket is quiet to day, and the rate
for good bills is unaltered, at 9 per cent. In
exceptional cases choice paper is taken at 7 per cent.
Consols are now quoted 884 to f for money,
and 881 to for the account (August 9).
Foreign stocks are in active request, and have
attained an important rise in some cases.
Mexican bonds are in especial demand, and
have improved 24 per cent. Italian of
1861 have also advanced 14 per cent. ; Turkish
of 1862, 1 ; Greek, ; Turkish of 1865
and Spanish Passive, ; and the Committee's
Certificates, I. Turkish Bonds of 1862 are now
quoted 51 to 53, ex div. ; ditto of 1865, 284 to f ;
Greek, 114 to 123 ; Spanish Passive, 19f to 20 ; ditto
Certificates, 161 to ; Italian, 1861, 55 to 4,
ox div. ; Brazilian scrip, 3to 2} dia. ; and Mexi-
can, 17} to 4.
United States 5-20 bonds are inquired for, and
have improved 4 per cent., viz., to 704 to 4. Erie
Railway shares are quoted 444 to 4, and Illinois
Centel, 78f to 4.
International Financial shares are now quoted
11 to If dis. ; London Financial, 11 to 10 din. ;
General Credit, 14 to 14 dia. ; Credit Fonder,
3} to 2f dia., ex div. ; and National Discount, 84 to
press.
Subjoined is the report of the directors of the
English, Scottish, and Australian Chartered Bank,
to be presented to the proprietors at the meeting
on Monday, the 30th inst. :
The statement of accounts which the directors have on
the present occasion to submit to the proprietors shows an
available balance, after defraying current expenses and
making provision for losses, of 23,1831. 9e. 2d.
This result is Lee favourable than bad been an-
ticipated, and may be traced to the depressing
influence which the failure of the crops for two seasons
has bad upon general business in Sydney, preventing an
extension of the bank's operations there, as well as to thti
competition in Melbourne for fixed deposits, and the high
rates of interest paid for them. It affords the directors
pleasure to be able to state that the Adelaide branch has
made satisfactory progress during the part half-year, that
the prospects of all the branches are considered good, and
that current transactions are reported sound. They re-
commend that the balance at credit of profit
and tom account be applied as follows, vie.:—
To the payment of a dividend at the rate of seven per cent.
per annum, free of income tax, on 600,0001., the paid-up
capital of the bank, 21,0001.; towards the reduction of
bank premises and furniture accounts, 1,0001.; leaving to
be carried forward, 1,1831. 9s. 2d. _ _

Two o'CLocs.
Consols are unchanged, at 88s w for money,
and 881 to for the account.
. .

At Paris this morning the Three per Cent. Renter
opened at 69.40, showing a fresh rise of f per cent.
An instalment of 10 per cent., making 65 per
cent. paid, falls due on the 24th inst. on the Bra-
zilian Loan for 5,000,0001. sterling, introduced in
September last by Messrs. Rothschild and Bons.
The final instalment of 9 per cent., making 74 per
cent. paid, is payable on the 25th of September.

. _
The steamer Great Britain arrived off Holyhead
yesterday morning, from Melbourne, with 401,0001.
in gold. The voyage has occupied 66 days. The
China, from Alexandria, has also brought 206,0001.
(chiefly from Point de Galle), and the Bavaria,
from New York. 132,000/. The total by the three
vessels is 739,0001. The supply by the China has
already been bought for Paris, but of the remainder
it is thought that some portion may remain here.
In any case the draught upon the bullion in the
Bank will be checked for atime.
The Austrian and Hamburg exchanges were
rather higher yesterday, but bills on Italy were more
offered, and the rates more in favour of buyers.

The silver market was excessively flat yesterday,
with no inquiry for the East and the continent, and
the quotation for bars was again fractionally lower,
at Si. ld. to ss. Id. per ounce. Mexican dollars
i declined d., viz., to 4s. Hid.
Advice' from Birmingham announce the failure
of the Netherton Iron Company, with liabilities
computed at about 20,0001.
A general court of proprietors of the Bank of
England will be held on the 25th inet., for the pur-
pose of electing a director for the remainder of the
year, in the room of the Right Ron. Stephen Cave,
who has retired.
The meeting of the Disoount Corporation (Limi-
ted) took place yesterday, when the report was
adopted. It stated the gross profits for the nine
months ending June 30 at 13,6541., but stated that
the board were not in a position to recommend a
dividend, after the payment of all expenses, and
the deduction of rebate on current bills at the pre-
sent value of money. The directors think the share-
holders must have been prepared for this result by
the events of May and June, the great and sudden
rise in the Bank rate, and the complete stagnation
of business.
The half-yearly meeting of the Peel River land
and Mineral Company was held yesterday after-
noon, when an interim dividend of per cent.
free of income tax was declared.
At a meeting yesterday of the Trinidad Petro-
leum Company (Limited) a list of new directors was
submitted by the committee of investigation for the
approval of the shareholders, and the necessary
resolutions for the re-constitution of the board were
carried unanimously.
At the meeting of the British Indian Tea Com-
pany (Limited), held yesterday, the directors' re-
port, which referred in detail to the position and
prospects of the undertaking, was adopted. The
chairman expressed a belief that the next annual
meeting the board will be able to declare a small
dividend—probably 2 or 271 per cent.
The directors of the National Discount Com-
piny (Limited) have issued the following satis-
factory report, to be submitted at the general
meeting on Wednesday, the 25th inst. :
The directors have the pleasure to report that of the
new capital, authorised m January last, 39,576 shares
have been accepted by the shareholders, and the first in-
Atalanta 2L 10s. per share paid thereon, one half of
which has been credited to capital, and the other half to
the reserve fund. The balance of 424 shared, arising
principally from the fractions of individual bolding*, on
which no allotments could be made, are held for the
benefit of the company. That the paid-up capital now
amounts to 649,4701., and the reserve fund to
349,4701. That the accounts presented herewith allow
• steady increase in the business of the company.
That the gross profit for the half-year has amounted to
133,884/. Is. 2d., which added
31 to the balance of 4.0501.
da. 4d., brought forty
from st er of
gives a
total of 137,9381. 4s. 6d. That, after dedusting all
charges, including income tax, directors' and auditors' re-
muneration, and ',marring 57,7371. 2a. for rebate of inte-
rest on bills not matured, and 2,500/. against doubtful
debts, there remains an available balance of 66,931/. Is. ld.,
which enables the directors to recommend the payment a
• dividend at the rate of 20 per cent. per annum, free of
income tax, both upon the old and the new capital, and to
carry forward to the next scoount the sum of 3,633/. Is. 13.,
• result which, considering the unexampled severity of the
financial tubas through which we have be= passing, will,
it is hoped, be satisfactory to she shareholders. The divi-
dend will be payable on and after the Ist August.
The Caledonian Railway traffic return shows this :
week an increase of 1,536/. over last year.
A meeting of the shareholders and creditors of
the Oriental Commercial Bank (Limited) will be
held on the 25th inst. " for the purpose of con-
sidering the expediency of petitioning the Court
of Char.oery to modify the order made on the
16th inst. for winding up this bank,. so far as to
admit of its being done voluntarily, instead of in
a compulsory manner, and, if deemed desirable,
then to adopt the resolutions necessary for that
purpose."