The Express.
London, England, 1866-10-12 00:00:00

PROVINCIAL MARE MARKETS.

LTViIItPoOL, net 11.—Sales to-day :--Great Eastern, 25,1 f
1 1--Great Western. 521—London. Chatham, and Dover, 171—
London and North Western, 11.4 1 1817}—Manchester, Shei•
Held, and Lincolnshire, 541—Midland, 1821 2 I—North British,
401 140 3)j 401—North Eastern, Berwick capital stock, 101—
South Eastern, RSV—Grand Trunk of Canada, 19 —Erie, 4)—United
States 5.20 Fkmds, 711—South Austrian and Lombardo-Venaciau.
16—National Bank of Liverpool ,Limited', If p.—British and
Foreign Marine :Limited d.—Royal Insurance, 3 p.—Antdo-
American Telegraph, 1G; 16—Atlantic Telegraph 8 per cent.,
5 3 10 I—Pacific Steam, 95—Rancorn Soap and Alkali Limited ,

if P.
MOMGinn, OCT. IL—Business done:—North Staffordahire
Preference, at 211—Birmingham Joint Stock Bank Limited , at
32 ; and Patent Shaft and Axietree ;Limited , at 6 prem. Closing
prices :—Birmingham Canal, my to 461; and Worces-
tershire Canal, 309, buyers—Blrmi Bank. Limited . par to
pm.—Bllston District Bank, 01. sel era—Dudley and Westkom-
wich Bank, 111, sellers—Lloyd's Bank ,Limited , 8 pro., sellers—
No Joint Stock Bank 'Limited;, 11 dia., sellers—and
ire Bank, 6 per share, sellers.
OCT. IL —A good deal of baldness was done in
Great Eastern, Great Western, and North British, but on the
whole the market was rather flat. Anglo-American Telegraph
,Limited., 161—Atlantic Telegraph Pref. 8 per cent., 10i 21 31—
Boickow, Vaughan, and Co. fLlmltedl, par—Eries. 471 B—Great
Eastern, 24 1 1 15 1 1 1 I—Great Luxembourg. 121—Great
Northern A, 1261-Grand Trunk of Canada. 181 I—Great
Western. 621 1 1 1 1 784—Lancashire and
Torii:Abe, 1234 I—London and North Western. 118 In--
Manchester. Sheffield, and Lincolnshire, 541 1 I—lfetropo-
litan, 1261 1 I—Midland. 122—North Battik 401 1 304 40 301
11ktuth Eastern, 651 s—Staveley Coal and Iron Company
), 15 0.-11mannand Nerdy Marine Insurance (Limited'.
4.17•.'-Taited stain S'sco Emit Bonds, Tll—London, Mathias.
and Dover, M
Damn, Ocr. 10.—New Three per Cent. dock, 87—India
Five per Cent. :Stock transferable at the Bank of Ireland;, 1031
—Bank of Ireland ' ClOO paid), 129--Hibernian Banking Company
(126 Paid), 36—National Bank (130 patP, 70 691 00 681 1—
National of Ilverpced Limited`. !LW paid), for account, 12—
Royal Bank ;..ClO paid', 321—Dublin and Drogheda (SlOO pdtti
82—Great Southern and Western, for account, 90—M1
Great Western !£lOO paid', 60—Dublin, Wicklow, and Wexford,
Five per Cent. :1830' redsem 1,414 'al paid , —Waterford and
Limerick. Five per Cent. ',demised, (a-1 odd', 44.

The population of Japan is estimated at the pre-
sent time to Le 32,000,030.

MONEY MARKET.-(THIS DA 1).

Urn OVIAPCI.
The stock markets are rather firm to-day, and
the general course of prices is favourable. The
amount of business is nut large, owing partly to the
half-monthly settlement, which commences to-mor-
row, and which will probably show that most of
the recent extensive sales of railway securities were
speculative. The funds are in request, and exhibit a
slight recoveif of 11 per cent. British railway and
foreign stocks are also inquired for. London,
Chatham, and Dover has again improved, upon
some further large purchases to coverpreviolui specn-
. .

lative sales. The result of the meeting of this com-
pany, now being held, isawaited with some anxiety.
The supply of money in the discount market
to-day is very large, and will further increase to-
morrow, with the payment of the dividends. The
rate of the best paper is 4i to 41. per cent., and it is
believed that still lower rates will prevail during
the next few days. The change for short advances
in the Stock Exchange is 3 to si per cent.
Consols are quoted 891 to I for money, and

891 to 1 for the account (Nov. 8).
Foreign stocks have been little dealt in, and the
only change in the speculative descriptions is a
I decline of per cent. in Spanish Certificates. The
tone of the market, however, in firm. Turkish
Bonds of 1862 are quoted 541 to 551 ; ditto, 1865,
281 to ; Greek, 131 to 144 ; Spanish Passive,
211 to 1 ; ditto Certificates, 131 to 14 ; Italian of
1861, 53 to 54; and Mexican, 154 to 1.
UrA2d States 5-20 Bonds have declined t per
cent., but Erie and Illinois Central Railway shares
have improved to a like extent. The present quo-
tations are as follows :-5-20 Bonds, 701 to 711 ;
Erie Railway shares, 48 to 1 ; and Illinois Central,
781 to 1.
Anglo-American Telegraph shares have expe-
perienced a fresh reduction of 2a. 6d., viz., to 15/
to 16, but Atlantic Telegraph are unchanged, at
51 tot.
International Financial shares are quoted 11
to 11 dia. ; London Financial, 161 to 11 dis. ;
General Credit, 21 to 2# dia. ; Credit Foncier,
41 to 41 dis. ; National Discount, Si to 9 prem.
and Hudson's Bay, 161 to 17.
The discount market remains very easy, and the
supply of money is steadily increasing, with the
certainty of being still further added to next week,
when the effect of the payment of the divi-
dends will make itself felt. At the same time,

whatever testimony to the contrary may be borne
by the Board of Trade returns, it is certain that
the supply of bills offered for discount is still
diminishing, though the rate for good paper
does not exceed 4A to 41 per cent. Under these
circumstances, and in view of the quietude of the
demand at the Bank discount-office, it seems pro-
bable that the directors of that establishment will
find it advisable to reduce the minimum from 4i to
4 per cent. within a fortnight. The diminution in
the coin and bullion shown in last night's return is
scarcely opposed to this expectation, inasmuch as

the amount withdrawn is circulating in the pro-
vinces.

The half-monthly settlement in shares and foreign
stocks will begin to-morrow (" continuation day"),

_
and end on Tuesday.
About 5,0001. in gold was sent into the Bank
yesterday.
The steamer Syria, with the heavy portion of the
Bombay mail, will take to-day only 5,000 f. in
specie for Alexandria.
The French mail steamer Panama, which has
reached St. Trazaire from Vera Cruz, has 24,0001.
in specie for England.
The weekly return of the Bank of France shows
the following changes :
Coin and bullion Decrease £593,000
Bills oliNconnted
Government deposits lncrease 40,000
Notes in circulation
Private deposit-I
Advances
The decrease in the coin and bullion is heavy, but,
in view of the enormous stock still held by the
Bank, must be regarded in Paris with a feeling
rather of relief than of uneasiness. Payments for
grain have doubtless contributed chiefly to the
diminution. The movement in the discounts, how-
ever, dues not indicate any very active demand for
money.

The Great Western Railway traffic return shows
this week an increase of 4,0771. over the corre-
sponding period of last year ; the Great Northern,
an increase of 1,7481. ; the Great Eastern, a de-
crease of 5011.; the North Eastern, an increase of
1,1831.; the Lancashire and Yorkshire, an increase
of 3,0431.; the London and South Western, an in-
crease of 1,0491. ; the Manchester, Sheffield, and
Lincolnshire, an increase of 1,3391.; the North
British, an increase of 1,4131.; the London,
Chatham, and Dover, including the Metropolitan
Extension and branches, an increase of 7.111.; the
Metropolitan Extension, an increase of 411. ; and
the Kent Coast, a decrease of 4001.
The receipts of the Grand Trunk Railway

Canada far the week ending the 22nd ult. were
30,37 V. sterling, being 1,36 8/. less than in the
corresponding week of last year.
A general meeting of the shareholders of the
Standard Bank of British South Africa (Limited)
is called for the 2iith inst., when an interim divi-
dend is to be declared.
It appears that the permission just granted by
the authorities at Manilla to the China Steamship
and Labuan Coal Company (Limited) for all goods
sent round the Cape and transhipped by the com-
pany's steamers from Singapore to be admitted
at 10i per cent. duty, is of considerable value, in-
asmuch as it involves a reduction of no less than
50 per cent. as compared with the duties otherwise
charged on foreign bottoms.
The light portion of the Calcutta, China, and
Australian mails is expected to be distributed in
London about Monday next.
Subjoined is Messrs. Culverwell, Brooks, and
Co.'s report of yesterday's hide sales :"
At the nineteenth series of hide sales for the year, a
fair business was done, but prices ruled in favour of
buyers. The home trade operated to a moderate extent.
East India—Ox and Cow--Calcutta—Of the large quan-
tity offered, a fair proportion found buyers at a decline of
id., and in some instances id., per lb. upon late rates.
Dacca hides were most in request, but were fully id. per
lb. lower. Madras sold fairly. The analysis of the sales
is 167.220 Calcutta new parcels ; 35,808 brought forward
from former males, and 9,494 Madrw, &c. ; in all 212,522
hides, of which 13:;,307 were sold. East India—Buffalo
sold well at improved prices. Leather—East Indian was
in good demand and realised higher prices ; Australian
sold at late rates. Salted Hideo—Australian were in fair
request, and realised fully last aale's prices to an advance
of id. to id. per lb Cape—For those sold late rates were
obtained. Bark was only part sold.
The return of the Bank of England for the week
ending Weal-I(.3day, Oct. 10, compared with that
for the previous week, shows the following changes:
Circulation issue £30,471,740 Decrease 2434,170
Circulation active 23,973,165 Decrease 362,465
Public deposits 6,266,199 Increase 96,748
Other deposits
Government securities in
banking department 12,419,043 Increase 200, 00 0
Other securities in banking
department 22,149,550 Decrease 791,763
Coin and bullion in both
departments
Seven day and other bills 613,061 Decrease 47,238
The Rest
Notes in reserve
Not
6,498,575 Decrease 71,705
Total reserve (notes & coin)
in banking department 7,491,341 Decrease 49,166
The sum applicable to the payment of the half-
yearly dividend on Bank of England stock has this
week been withdrawn from the " rest" for distri-
bution amongst the proprietors, and, owing to its
enormous amount, this has affected other heads of
the weekly balance sheet. On the one side of the
account there has been a diminution of 9351427/. in
' the " rest," partially made up by an increase