The Express.
London, England, 1867-12-11 00:00:00

MONET MARKET.-(THIS DAY)

On o'O&ooz.

In consequence of the absence of business the
stock markets present few variations to-day, but
the tendency is rather favourable, owing to the di-
minished demand for gold for exportation, the
flatness of the corn market, and the absence of ad-
verse news from abroad. The circumstance that
some of the recent speculators for a fall are closing
their accounts, in anticipation of the Christmas
holidays, also tends to impart firmness to some secu-
rities. The dealers are engaged with the fortnightly
settlement in shares and foreign stocks, which has
just commenced and will be concluded on Friday.
There is still only a moderate supply of railway
stock, and in several cases a premium for the loan
of it till the next account has been paid. On
Caledonian the charge is about / per cent. Home
railways are quoted the same as yesterday, with
the exception of a reduction in North British, but
a few of the foreign bonds have improved.
The charge for choice paper in the discount
market is 1/ to 2 per cent., with a moderate de-
mand for money and a fair supply. Loans for a
few days, on English government securities, are ob-
tainable in the Stock Exchange at 1 to 1/ per
cent.

Console are quoted 922 to /, ex div., for money,
and 92/ to 93, ex div., for the account (January
7). The New Three per Ceuta. and Three per
Cents. Reduced have advanced / per cent, viz., to
92i to M.

British railway stocks present no movement,
apart from a reduction of 1 per cent. in North
British, viz., to 321 to 331. The quotations
are as follows :—Metropolitan, 1161 to 1 ;
Great Western, 441 to ; London and North
Western, 1141 to 1; Midland, 1121 to 1181 ;
Lancashire and Yorkshire, 123$ to ; Caledonian,
76/ to 77 ; South Eastern, 67/ to 68 ; Great Eastern,
31 to ; Great Northern, 108 to 109 ; ditto A,
1101 to 111 ; London, Chatham, and Dover, 18/
to 19 ; Brighton, 521 tote ; Berwick, 991 to 100 ;
and York and North Midland, 94 to 95.
The foreign stock market exhibits firmness.
Turkish Bonds of 1862 have improved 4 per cent.,
the present price being 62 to 63 ; Italian of 1861
are 1 better, at 451 to 1 ; ana some of the other
kinds have risen 1. Spanish Certificates, however,
are lower, at 19/ to 1. Turkish of 1865 are at '
331 to 1 ; Greek, 121 to 131 ; Spanish Passive,
251 to 1 ; ditto New Three per Cents., 351 to ;
Egyptian of 1864, 841 to 851 ; and Mexican, 154
tot.
American securities are in request, at an advance.
The 5-20 Bonds are called 711 to $, showing a rise
of 1 ; Erie Railway shares, 484 to 1, being
better ; and Illinois Central, 88$ to 891—an im-
provement of 1.
Anglo-American Telegraph shares are quoted
at 184 to 4; and Atlantic Telegraph Eight per Cent.
Preference, 4 to 41, showing no variation.
Bank shares are dull, owing to the expectation
that r,duced dividends will be declared at the
meetings to be held in January. London and West-
minster are quoted 691 to 701 ; Alliance, 11 to 10
die.; Imperial Ottoman, 1 to Of dis. ; Oriental
Corporation, 424 to 434 ; London and County, 541
to 551; and Union of London, 36 to 37.
Financial shares are quoted the same as yester-
day, as follows :—London Financial, 221 to 211
dis. ; International, 2 to 21 dia. ; General Credit,
21 to 2 die. ; and Credit Fonder, 61 to 6$ di■.
A petition for the winding-up of the South
Kensington Hotel Company (Limited) is to be
heard before Vice-Chancellor Melina on the 20th
inst., and another for the winding up of the
National Provincial Marine Insurance Company
(Limited) before the Master of the Rolls on
the 21st.

HALF-PAST ONE O'CLOt K.

The English funds are steady, and foreign bonds
are without alteration of importance. Home rail-
way stocks, however, exhibit a reduction,
the supply of these securities having increased,
while further sales have been made for a fall.
Metropolitan and Caledonian have fallen I to 1
per cent., the present prices being 1151 to a and
751 to 76k respectively. Brighton is a lower, at
51, to 52, while other lines are a to a worse.

- -
About 675,000/. in Australian gold is now on tho
way to this country. The Lincolnshire has
336,0001., tho Anglesea 209,0001., and the Kent
130,0001.
The foreign exchanges yesterday afternoon ruled
the same as on Friday, with the exception of a
trilling reduction in the rates on Frankfort, and an
advance as regards Vienna and Italy. The list is
given below:
Amsterdam, 3 months, 12.01 to 12.1 ; ditto, short,
ILIB4 to 11.194 ; Rotterdam, 3 months. 12.04 to 12.1 ;
Antwerp, 3 months, 25.324 to 25.374 ; Brame* 3 months,
25.324 to 25.374 ,• hamburg and Altona, 3 months, 13.94 to
13.91 ; Berlin, Cologne, Mc., 3 months. 6.264 to 6.273
St. Petersburg, 3 mouths, 314 to 314 ; Paris, short, 25.101
to 25.20; ditto, 3 months, 25.30 to 25.35 ; Marseilles,
3 months, 25.30 to 25.33 Prankfort-on•the-Maine,
3 months, 1204 to 1204 • Vienna, 3 months, 12.30 to
12.40 • I 'ieate, 3 months, 12.30 to 12.40; Madrid, 3
month's, 484 to 48i • Santander, 3 months, 484 to 484; Cadis,
3 months, 49 to tilt Seville, 3 months, 49 to 484 ; Malaga,
9 months, 484 to 3 ; Valencia, 3 months, 484 to 484 ; Bu-
°Glom, 3 months, 484 to 484 ; Bilbao, 3 months, 484 to
484 ; Savirgosea, 3 months, 483 to 484 ; Leghorn, 3
months, 28.75 to 29.0 ; Genes, 3 months 28.75 to
29.0 ; Naples, 3 months, 28.7./ to 29.0 ; Palermo, 3
months, 28.75 to 29.0 ; Messina, 3 months, 28.75 to
29.0 ; Lisbon, 90 days' data, 514 to 514 ; Oporto, 90 days'
date, 514 to 514.

The tenders for 140,5001. of South Australian
Government Bonds were opened yesterday. The
number of tenders was 120, amounting to 765,7001.,
at prices varying from 921. 10s. to 1081. per 100/.
bond. There was 85,7001. below the minimum
and 680,0001. above the minimum, which was de-
clared to be 1061. The tenders at and above
1071. 3s. will alone receive allotments.
The Committee of the Stock Exchange have
ordered the following colonial securities to be
officially quoted, viz. :—Mauritius Government
Bonds, 1896 ; New Zealand Government Bonds,
1891 ; Ceylon Government Bonds, 1883 ; and New
Zealand, Province of Auckland Bonds, first and
second issues. _ _

The Metropolitan Railway traffic return shows
this week an increase of 21b1. over last year, and
the Glasgow and South Western an increase of 7241.
It appears from the report of the directors of the
Indian Tramway Company (Limited), to be pre-
sented at the meeting on the 16th inst., that the
Secretary of State for India has resolved to gua-
rantee that the dividend shall be made up to 3 per
cent. per annum upon the company's present paid-
up capital of 100,000/. from the Ist Jan. next
until such time as it may be deemed desirable
to proceed with the extension applied for, in which
case such arrangements as inay then appear suitable
for the purpose will be made. In order to make
the accounts coincide in future with the date of
the commencement of the 3 per cent. guarantee, it
is proposed to pay the shareholders interest at 3
per cent. per annum to that date from the 31st
Dec., 1865, in stock, the net revenue having been
all expended upon the line and works.
Subjoined are the quotations of insurance, gas,
dock, waterworks, and canal shares, as given in
the Stock Exchange list of last evening :
_ .

Ineurance—Eoale, 611.16 ; North British and Mercan-
tile, 1311; Phceniz, 107 ; Thames and Mersey Marine
(Limited), 4 15-16 ; Universal Marine (Limited), 4, 31,
1 1:i-16.
Gissit and Coke—City of Moscow Gas, 10i, 1, 11;
Great Central, 124 ; Darla Continental._ V, 34, an di,.
Docks—Fiat and A% eat India, 123 ; Lmdou and St.
Kathminv, 50; ditto, Debenture Stock, 87; Southampton,
72k, 31.
Water Works—Berlin, 124 ; Ditto New, 51 ; East Lon-
don, new, 221.
Canals—Grand Junction. 71, 701, TO ; Bennet and Avon
(Guar. by Great Western Railway), 51.