The Express.
London, England, 1867-09-25 00:00:00

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MONEY MARKET.-(11118 DAY.)

On o'Otocz.

The stock markets are slightly better in tone
to-day, in consequence of the arrest of Garibaldi,
and a belief that no serious political disturbance
will now arise in Italy. There is, however, little
or no increase of business, and prices generally are
quoted the same as yesterday. Attention is prin-
cipally directed to the fortnightly settlement in
shares and foreign stocks, which commenced this
morning, and will be concluded on Friday. The
arrangement of the account shows a small
supply of railway stock, owing to the extent to
which it has recently been taken up through ad-
vances made by bankers. Consols and British
railway securities exhibit no variation of import
once, but some of the foreign bonds are in re-
quest at an advance. Italian of 1861 and Spanish
Passive are especially firm.

The revenue payments to the Bank have caused
• further diminution in the supply of money in the
general market, but the amount seeking employ-
ment is still greatly in excess of the current
requirements, and the charge for the best paper is
unaltered, at 11 to 14 per cent. Loans for a week
on English government securities are obtainable in
the Stock Exchange at 1 to 11 per oent.
Consols are quoted 94 7-16 to 9-16, or 941, both for
money and the Bth of October, and the Three per
Cents. Reduced and New Three per Cents., 921 to
1, ex div.

The purchase by the government broker to-day
for the Sinking Fund comprises 21,030/. Reduced
Three per Cents., at 921, ex div.
British railway stocks are inactive, and prices
unchanged, with the exception of a decline of
per cent. in Caledonian stock, and a rise of /in South
Eastern. The present quotations are as follows :
Metropolitan, 123/ to 124} ; Great Western, 472
to 48, ex div. ; London and North Western, 1131
to 114 ; Midland, 1211 to 122 ; Lancashire and
Yorkshire, 1271 to 1 ; Caledonian, 1041 to 105};
South Eastern, 69 to ; Great Eastern, 301 to
31 ; Great Northern, 110/ to 111/ ; ditto A, 117/
to 118 ; London, Chatham. and Dover, 19} to / ;
INorth British, 32 to / ; and Brighton, 53 to 1.
Foreign stocks are firm. Italian of 1861 and
Spanish Passive are in good demand, and have
risen Ito per cent., the present prices being
1481 to 49 and 181 to 19, respectively. Some
of the other speculative descriptions are 1 higher.
Turkish of 1862 are at 62 to 63 ; ditto of 1865
(Five per Cents.) 32 to 1 ; Greek, 13/ to 14/ ;
Spanish Certificates, 16/ to ; Chilian scrip, /to
prem. ; Egyptian, 1864, 86/ to 87 ; and Mexican,
151 to /.

United States 5-20 Bonds are per cent. lower,
at 721 to 731. Erie Railway shares are called 39
to 40/, showing a fall of 1 k per cent., and Illinois
Central, 761 to nit being lower.
Anglo-American Telegraph shares are quiet, at
17 to 1 ; and Atlantic Telegraph Eight per Cent.
Preference, at 31 to f.

Bank 'hares have been little dealt in. London
and Westminster are quoted 67 to 69 ; Union of
London, 361 to 37i ; Imperial Ottoman, 11 to
04 dis. ; Chartered Mercantile of India, 291 to
; Alliance, 10 to 9 dia. ; and London and
County, 541 to 551.

Financial shares are unchanged at the following
prices :—lnternational Financial &recalled 21 to 11
the. ; London, 24 to 22 dia. ; General Credit, 21
to 2 dia. ; and Credit Foncier, 51 to 51 dis.
The prospectus has been issued of the Clerks'
Dining Company (Limited), with a proposed capital
of 20,0001. in 20,000 shares of 11. each. The paid
up capital is to be 6,0001., or ss. per share, and no
shareholder can hold more than four shares. It is
promised that a good dinner shall be supplied for
one shilling.

Yesterday a deputation of Spanish Passive bond-
holders waited upon the Committee of the Stock
Exchange, who, after giving the matter due con-
sideration, passed, and at once confirmed, the sub-
joined resolution :—" The Committee of the Stock
Exchange, having taken into consideration the re-
solution passed at the meeting of Spanish Passive
bondholders, have to state, without anticipating the
question of quotation of any new Spanish securi-
ties, that they have no intention of deviating from
Rule 57.—September 24." Rule 57, as referred to
above, provides as follows :
. .

The committee will not sanction, or take cognizance of,
bargains made in new bonds, stock, or other securities
issued by any foreign government that has not duly paid
the dividends on former loans raised in this country, un-
less such government shall have effected and carried out
• satisfactory arrangement with the holders of such stock,
bonds, or other securities, on which the dividends have
been left fu arrear. And any public company which shall
directly or indirectly contravene the spirit of this law
shall be liable to have its name struck off the official list
of the Stock Exchange.
- -

About 24,0001. in bar gold was bought by the
Bank yesterday.
The Hansa, from New York, has brought 41,0001.
in specie, and the City of Baltimore 3,5001.
On 'Change yesterday afternoon the rates for
bills on Hamburg and Vienna were a trifle less
favourable for this country, while drafts on Italy
were quoted a fraction higher. The list is sub-
joined :
Amsterdam, 3 months, 12.0! to 12.1 ; ditto, abort,
11.19 to ILI9I ; Rotterdam, 3 =oaths, 12.01 to 12.1 ;
Antwerp, 3 months, 25.40 to 25.45; Brume/s„ 3 mouths,
25.40 to 25.45 ; Hamburg and Altana, 3 wonths, /3.10 to
13.10$ ; Berlin, Cologne, he., 3 months, 6.263 to 6.274;
Bt. Petenburg, 3 months, 32, to 321 ; Paris, abort, 25.171
to 25.25 ; ditto, 3 months, 25.35 to 25.40 ; Marseilles
3 months, 25.35 to 25.40 ; Prankfort-oa-tbe-Maine,
S months. 1201 to 1201. Vienna, 3 months, 12.57 to
12.60 ' • Trieste, 3 month's, 12.57 to 12.60 ; Madrid, 3
months, 49 to 483; Santander, 3 months, 09 to 4C.; Cadis,
3 months, 491 to 491; Seville, 3 months, 493 to 491; Wags,
3 months, 49$ to 49 ; Valencia, 3 months, 493 to 49; Bar.
*dons, 3 months, 494 to 49 ; Bilboa, 3 months, 49 to
481; Saragossa, S months, 49 to et,: ; Leghorn, 3
months, 27.43 to 27.50 ; Genoa, S co: :ha 27.45 to
27.50 ; Naples' 3 months, 27.'5 to 27.50 ; Palermo, 3
month', 27.45 to 27.50 ; beeline, S rrontbs' 27.45 to
27.50; Lisboa, 90 days' data, 514 to 514 ; Oporto, 90 days'
date, 511 to 514.
The accounts from Manchester report the sus-
pension of Mesas. H. and A. Warrens, but their
liabilities are understood to be moderate.
- - •- -

The Metropolitan Railway traffic return shows
this week an increase of 3151. over last year.
The Grand Trunk of Canada Railway traffic
return for the week ending the 7th inst. shows
an increase of 2,0731. over the correspond;ng
period of 1866.
The following is from the fourth report of the
directors of the Mauritius Land Credit and
Agency Company (Limited), to be presented at the
general meeting on Friday :
The directors have great pleasure in presenting their
fourth annual report to the proprietors. The annexed
statement of accounts, made up to 30th June ult., shows
for the past year a net profit of 4,3:U. be. 3d. ; which,
after deduction of the amount paid in March last as inte-
rim dividend, and of the usual sum of 5001. added to re-
serve, leaves for appropriation a surplus of 2,5791. sa. 3d.
The directors recommend that it be applied as follows,
viz.:-1,2501. to the payment (free of inoome tax) of a
dividend of 2e. per share, making, with the interim divi-
dend already received, 10 per cent. for the year ; 1,2001.
to the reduction of preliminary expenses ; leaving 1291.
ss. 3d. sea balance to be carried to D•W account. The
fever which broke out in Mauritius early this year, and
proved so very fatal for several sucoe,sive months, caused
great anxiety to all why took an interest in the salony,
and added materially to the financial eacharraminients
under which it was already labouring in ocumequence of
short crops and indifferent prices. The mortality among
the poorer cleans has been fearful indeed ; but the direc-
tors are happy to may that the labourers employed on sugar
estates have been little affected by the fever, owing to the
liberal treatment they receive from their employers, and
the care bestowed on them, when sick, in the hospitals
organised on each estate. From the latest accounts
received the fever has fortunately almost disappeared. The
agrisaltural prospectsof the island have materially improved,
and academe was gradually reviving. The proprietors