The Express.
London, England, 1866-09-14 00:00:00

MONEY MARKET.-(THD3 DAY.)

Owl o'Cl.oet.
Comparatively little business is in progress to-
day, apart from the completion of the fortnightly
settlement, and, in the absence of demand from
the public, the general stock markets are dull. The
weather is still rather unfavourable, said, as it is
stopping a good deal of pleasure traffic, railway
stocks are, iu several instances, rather lower. The
English funds are steady, and foreign stocks dull.
American securities are supported by a demand
from the Continent, and are still improving.
Consols are now quoted 891 to 1 for money, and
891 to 1 for the 9th October.
The demand for money oontinnes moderate in
the open market, and the supply is good. The
general terms this morning for the best bills are 41
per cent., with occasional transactions at 44.
Foreign stocks are inactive, and no general'
change has taken place. Turkish Bonds of 1862
are 2 per cent. lower, the present quotation being
56 to 58 ; and those of 1865 have declined 1, being
now quoted 311 to /. Greek Bonds are a trifle
better, at 141 to f. Mexican are nominally quoted
17 to 1, being also 1 higher. Spanish descriptions
are unaltered. Italian stock of 1861 remains at
561 to 571. Brazilian scrip, paid up, is now quoted
69 to 70.
An advance of per cent. has taken place in
United States 5-20 Bonds, which are now quoted
721 to 73. There is a renewed demand for these
securities from Holland.
Anglo-American Telegraph shares have further
advanced 4, being now quoted 161 to 174. Atlantic
Preference shares are 64 to 4. Hudson's Bay
shares are steady at 171 to 1.
International Financial shares are quoted 11 to
11 dis. ; London Financial, 13 to 12 dia., being
higher ; r/eneral Credit, 11 to 11 dia. ; Credit
Foncier, 31 to 2 dis. ; and National Discount,
14 to 1.
The Teutonis has brought about 47,0001. in gold
from New York for this country.
The return of the Bank of France shows a reduc-
tion in the stock of bullion of 520,0001. The dis-
counts have increased 92,0001.
A considerable amount of money was with-
drawn from the Stock Exchange yesterday, in con-
nexion with the liquidation of failed estates, in-
chiding that of the Agra and Masterman's Bank.
The amount of gold sent into the Bank yesterday
was 37,0001., including 30,000 sovereigns received
from Lisbon, Sydney, and other quarters. The
prevalence for a lengthened period of an exorbitant
rate of discount in this country, combined with the
distrust of mercantile credit which it has occa-
sioned, is still attracting remittances of gold from
various quarters.
The Lancashire and Yorkshire Railway traffic
return shows this week an increase of 2,6591. over
last year ; the North Eastern an increase of 6661. ;
the Manchester, Sheffield, and Lincolnshire, an in-
crease of 3611. ; the North British an increase of
1,5831. ; the London, Chatham, and Dover, in-
cluding the Metropolitan Extension and branches,
a decrease of 2471. ; the Metropolitan Extension
a decrease of 1941. ; and the Kent Coast a decrease
of 601.
The traffic receipts on the Atlantic and Great
Western Railway for the third week in August
amounted to 141,956 dollars, against 159,614 dollars
in the corresponding week last year, showing a
decrease of 17,649 dollars.
At the meeting of the London Bank of Mexico
and South America (Limited) yesterday, the report
of the directors was adopted, and a dividend of
15s. per share declared, being at the rate of 10 per
cent. per annum.
The Merchant Banking Company of London
(Limited) have made a call of 5/. per share on the
shares numbered from 10,001 to 15,000, both in-
clusive, payable on Monday, the Bth of October.
The China Steam Ship and Labuan Coal Com-
pany (Limited) are circulating, for the information
of the shareholders, extracts from letters received
by late mails from the East. The following is an
extract of a letter from the Marine Superintendent,
dated Singapore, 16th July :—" At the present
moment the company could dispose of 20,000 tons
of coal to great advantage. We are loading and
shipping from Labuan now as fast as ever we can ;
and I have brought down with me extensive orders
from China and Manilla."
The manager of the Tahiti Cotton and Coffee
Plantation Company has received letters of June
14, requesting him to insure 60,0001. on cotton to
be shipped in October.
The delegates from New Brunswick who are now
in London arranging with her Majesty's govern-
ment the terms of colonial confederation, and for
the Inter lonial Railway, were recently enter-
tained at dinner by the directors of the New
Brunswick and Nova Scotia Land Company, at the
Star and Garter Hotel, Richmond.
With reference to the Colombian government
Six per Cent. Loan of 1863, it is notified that
"forms for listing the coupons due on the let
Oct., 1866, may be obtained on application at the
London and County Bank, on or after Monday,
the 24th inst., and must be left, with the coupons,
for examination two clear days before payment."
The Chartered Mercantile Bank of India, Lon-
don, and China have notified that their business
will be carried on at the new banking house, 65,
Old Broad-street, E.C., on and after Tuesday, the
18th instant.

The return of the Bank of England for the week
ending Wednesday, Sept. 12, compared with that
for the previous week, shows the following changes:
Circulation issue £15,893,175 Decrease£l,2o3,2ls
Circulation active =,472,055 Decrease 1,749,190
Public deposits 5,184,758 Increase 406,271
Other deposits
Government securities in
banking department 11,711,723 Increase 484,700
Other securities in banking
department 22,481,941 Decrease 743,846
Coin and bullion in both
departments
Seven day and other bills 652,209 Increase 6,636
The Kest 3,998,022 Increase 10,605
Notes in reserve
Total reserve (notes & coin)
in banking department 7,502,722 Increase 528,755
These changes are of considerable numerical im-
portance. The amount of notes in the hands of
the public, long maintained at an extraordinary
point, under the influence of distrust, has now ex-
perienced a diminution in a single week of no less
than 1,749,190/. Oonfining our attention, how-
ever, to the banking department, it will be seen
that the Bank has gained about a quarter of a
million of deposits, and has also derived nearly
three-quarters of a million from the repayment of
loans and advances ; but, as it has re-invested (so
to speak) in government securities nearly one half
of the million thus gained, the net addition to the
reserve becomes 528,7551. As a result of the
import and export movement of the week the Bank
is known to have parted, on balance, with 262,0001
in gold, sent chiefly to the United States, and the
above figures show that only a small portion of this
decline has been made up to the Bank through the
reflux of coin from the internal circulation.

BANK OF
An Account t to the Act
week ending on Wedneeday, 1
IOSCE DIP)
Notes issued ArkiiiNAl7s

-429.15315

DLI!KtYO U.
F70915480rg Capital g 14,653,000
Rest
Public Deposits (in-
cluding Excheq
Bar.Baob, Ocam-
mts. of National
Debt and JAL
Accounts) 5,184,768
%her DepenD
Seven day sad other
Bills MAO

AIWA 1.196
Sept. 13. 19ft 61011