The Express.
London, England, 1867-02-21 00:00:00

FEBRUARY 21, 1867.

...
100 SN

N 101
98 100
100 1H
87 89
86 88
101 198
106 16r
104 1118
102 104
91 63
102 104
187 10
105 107
103 106
100 100
194 106
106 108
N 100
96 as

MORN"' MARMIT.-(THIS DAY.)

OVIASOL
The dealings in public securities to-day are
upon a limited scale, and the tendency of the
markets is rather unfavouralde. Some additional
speculative sales have bt en made, in conse-
quence of the increased demand yesterday
for government bills on !nail, although

there is no prospect of say impc.rtaid remit-
tances of silver being despatched to the Fart in
the present state of the exchanges. The reduction
in Consols does not exceed 1-14 per cent., but

most of the home railway stocks are i lower.
South-Eastern is decidedly heavy, and has fallen
nearly 1 per cent., owing to a relies:al of specula-
tive sales. In foreign securities the chief feat•.re
is a further important decline in ehilian 'scrip,
upon the anticipated issue in this mrket of a fresh

supply of stock.
There is a fair demand for clisc..unt, brit good

three months' bills are still taken at 1...0 cerit.
below the Bank nt;uiniiim. The sup:,ly of money
in the Stock Exchange has increased, and loans on
English government securities are offered f. ehr.rt

periods at 1i per cent.
Consols are now quoted 902 to for money, and
90 to 91 for the account (March 7).

Chilian scrip is heavy, and exh a fresh re-
duction of per cent. Danubian scrip is
while Italian and Mexican Bonds have improved to
the same extent. Turkish Bonds of 1865 are
_ _ .

quoted 301 to ; Greek, 151 to -„ ; Spanish Passive,
2211 to ; ditto Certificates, 14g to„; Italian of
1861, 631 to ; Mexican, 17„ to ; Russian
Scrip, 21 to 71 prem. ; Chilian Scrip, lh to 11
die ; and Danubian Scrip, it to :2 prem.
American securities and Atlantic cable shares
are steady. The 5-20 Bonds are en,ecil 74 to ;
Erie Railway shares, 372 to 381 ; Illinois Central,
772 to 78/ ; Anglo-American Telegraph, 152 to ;
and Atlantic Telegraph 8 per cent. Preference,
22 to I.
International Financial shares are quoted 21
to 21 die. ; London Financial, 18 to 17 dis. ;
General Credit, 2} to 2„ die. ; Credit Foncier,
51 to 51 dis. ; National Discount, S; to 1, prem.,
ex div.; and Hudson's Bay, 16 to 1.
Rumours have been circulated that it is the in-
tention of the Chilian government to raise a
further loan in this market, and, as the stn tement
in this form is not accurate, although another
issue of Chilian government stock is not impro-
bable, it may be useful if we state the facts of the
case as we understand them. It appears that in
August last the government negotiated with cer-
tain bankers of Chili a dollar or internal loan with
the faculty to the holders of having the interest
and sinking fund of that loan paid in England
instead of Chili, upon condition of their receiving
a less rate of interest than they would be entitled
to in the event of its continuing a dollar loan.
The amount of the loan so contracted was
equal to about one million sterling, and
the bonds are now in the hands of parties who,
having given to the government notice that they
will exercise their option of converting them into
sterling, have a right to sell them, wholly or in
part, in the London market, or not, as they may
think proper. The precise position of the affair
does not seem to have been known here, nor,
indeed, to have been definitely settled until after
the issue of the recent Chilian Loan in London ;
but it is satisfactory to learn that, now that this
dollar loan has been turned into the sterling form,
arrangements have been made by which, in the
event of the bonds in question being i•ffered in the
London market, they will be assimilated in price to
the price of issue of the late loan ; and that with a
view still further to protect the interests of the
holders of the scrip of 1866, an option will be re-
served to them of subscribing preferentially to the
bonds referred to.
There were no transactions in gold at the Bank
yesterday. The amount withdrawn since the date
of the last return is 10,0001., while an equal sum
has been sent in.
The bidding' for bills on India took place yes-
day at the Bank of England. The proportions
allotted were—To Calcutta, 19,78,400 re. ; to Ma-
dras, 21,600 m. ; and to Bombay,ls,oo,ooors. The
minimum price was fixed at Is. 11d. for ill the
presidencies. Tenders at that rate on Calcutta and
adras will receive about 63 per cent., and on
Bombay about 42 per cent. The rate is 1 per
cent. less favourable for England than on the last
occasion, and there is evidence of an increased de-
mand for the means of remittance to India.
It is stated that the Anglo-American Tele-
graph Company propose, subject to the consent of
the Atlantic Telegraphic Company, to reduce the
charge for messages to New York to 5/. for twenty
words next month.
It is officially announced that the directors of
the South Eastern Railway Company will propose,
at the forthcoming meeting, to pay a dividend at
the rate of 3 per cent. per annum for the half-
year, against 4 per cent. per annum for the corre-
sponding period of 1865. Nevertheless the stock
rose 11 per cent, yesterday upon purchases to cover
previous speculative sales.
The Loudon and North Western Railway traffic
return shows this week an increase of 3,248!. over
the corresponding period of 1866 ; and the Mid-
land, an increase of 2,1981.
The investigation committee of the Atlantic and
Great Western Railway have convened a 'fleeting
of the bond and debenture holders, creditors, and
shareholders, for Tuesday, the sth March. The
report of the company is to be issued at the end of
the present week.
The receipts of the Cape Town Railway and
Dock Company for the month of December were
3,4281., against 3,3841. bat year.
A circular, of which the following is a copy, has
been issued to the shareholders in the Northern
Railway Company of Buenos Ayres (Limited) :
I send certificates for the amount accrued for interest
in respect of the Guaranteed Seven per Cent. shares regis-
tered in your name, for the half .year ended the :ilst day of
December last, subject to the provision of the article's of
association. When the directors are empowered to
exchange the certificate for a dividend warraut, you will
receive notice to that effect.
At the meeting yesterday of the Anglo-lonian
Steam Navigation Company, the directors report
was adopted. The net profit on the year's operations
has amounted to 3,024/., and, after deducting the
half-yearly dividend to the 30th June last at the
rate of 5 per cent. per annum, there remained
2,1861. to be disposed of. Of this amount it was
decided to place 2,0001. to the depreciation fund,
increasing it to 4,0001., and to carry forward 1861.
The annual meeting of the Copenhagen Tramway
Company is called for the 6th March, at Copenha-
gen. The dividend to be proposed is ten rixdollars,
or rather more than 11. 2s. per share, being equi-
valent to about 11 per cent. on the 10/. shares.
The new certificates of the English and Foreign
Credit Company (Limited) are to be exchanged for
the old on and after the Ist prox.
Creditors of the Eastern Bengal Tea Company
(Limited) are required to send the particulars of
their claims to Mr. F. B. Smart, of Oreshain-street,
the liquidator, by the 14th of March.
Creditors of the Fresh Provision Preserving
Company (Limited) are required to send the parti-
culars of their claims to Messrs. Kimber and Ellis,
of Gresham-house, the solicitors of the voluntary
liquidators, by the 15th of March, the 28th of that
month havingbeen appointed for adjudicating upon
them.
The half-yearly meeting of the Tahiti Cotton
and Coffee Plantation Company (Limited) is called
for the 22nd inst.
With reference to the market for American secu-
rities Messrs. Satterthwaite and Cu. rep,rt as fol-
lows :
The business in the London market for American secu-
rities during the past week has developed some considerable
purchases of United States 5-20 bonds, of the fast issue, on
American account ; the demand. however, has been fully
supplied from the continent. The higher rate reported
from New York has (chanced the value her, i.ed the
yy
close 74 toe, or 1 per cent. over quotations of a