The Express.
London, England, 1867-11-23 00:00:00

MONEY MARKET.--(THIS Dar)

Om o'Otooi.

Owing chiefly to a large purchase for invest-
ment, stated to be on account of a leading in-
surance company, the English funds are rather
firmer. Consols have improved 1-16 per cent.,
and the Three per Cents. Reduced and New
Three per Cents, I. Home railway stocks and
foreign bonds are without alteration of impor-
tance, the transactions being upon a very limited
scale. Peninsular and Oriental Steam shares have
advanced IL, viz. to 67 to 58, in consequence of
the satisfactory provisions contained in the new
contract with the government. The fortnightly
settlement will commence on Wednesday, and
meanwhile there is little desire on the part of
speculators to enter into fresh dealings.
The discount market is quiet to-day, but the
quotation for the best bills is maintained at I to
13 per cent.

Consols are quoted 944 to 1, with div., for
money, and 93 to 1, ex div., for the account
(December 5). The Three per Cents. Reduced and
New Three per Cents are at 921 to 4.
Railway stocks exhibit few changes. Berwick
is in demand, and has advanced 1 per cent., viz.
to 97 to 98. Great Eastern and London, Chat-
ham, and Dover are 1 to 1 better, at 301 to 4,
and 17:1 to !, respectively, but Great Northern A
has declined /,the present prices beinglloltollll.
Great Western is quoted 44 to 1; Metropolitan
118 to 1 ; London and North Western, 1124 to
113 ; Midland, 1111 to 112; Lancashire and
Yorkshire, 121 to 1; Caledonian, 74;; to ; South
Eastern, 65i to 1 ; Great Northern, 1064 to 1011 ;
North British, 32 to 33 ; Brighton, 561 to 51 ;
and York and North Midland, 891 to 901.
The foreign stock market shows firmness, but
prices generally are quoted the same as yesterday,
in the absence of business. Annexed are the pre-
sent quotations : —Turkish of 1862, 614 to 62/ ;
ditto Five per Cents. of 1865, 32l to u ; Greek, 12
to 1 ; Spaniah Passive, 22 to 1 ; ditto New Three
per Cents., 331 to ; ditto Certificates, 18 to 1 ;
Italian of 1861, 451 to Egyptian, 1864, 82 to
84 ; and Mexican, 141 to 4.
The scrip of the new Egyptian loan is steady, at
par to 1 prem.

Only a few transactions have taken place in
American securities. The 5-20 Bonds are inquired
for, and have then t per cent., viz., to 70:1 to 71.
Erie Railway shares are quoted 4J to 47 ; and
Illinois Central, 85f to f, showing no change.
Atlantic Cable shares are steady. Anglo-Ame-
rican are quoted 18k to j ; and Atlantic Tele-
' graph Eight per Cent., 31 to 4.

- _
There is still an absence of demand for Bank
shares, and the tone of the market is dull. London
and Westminster have declined 11., viz., to 67 to
69. Alliance are at 12 to 11 dis. ; Imperial Otto-
man, ton dia. ; London and County, 50 to 51 ;
Union of London, 33 to 34 ; and Chartered Mer-
cantile of India, 26 to 28.

The shares of the financial companies present no
movement. International Financial, 2K to 2i dia. ;
London, 24 to 23 dia. ; General Credit, 24 to 21
dia. ; and Credit Fonder, 61 to 4 dia.

The Council of India will receive tenders on the
4th proximo for bills on Calcutta and Madras to
the amount of 200,000/.

The mail from Guayquil has brought a remittance
of 5291. Is. 9d., on account of the dividends on the
debt of Ecuador.

A special meeting of the Pacific Steam Naviga-
tion Company will be held on the lith proximo
at Liverpool, " to receive a report from the di-
rectors as to establishing a line of ateam-ships be_
tween Liverpool and Valparaiso under a mail sub-
sidy from the Chilian government."
The numbers are published of debentures of the
Land Mortgage Bank of India, which have been
drawn for redemption at par on Jan. 1 next.

Two O'CLOCK.
Consols are unaltered, at 944 to with div., for
money, and 93 to !, ex div., for the account.
Great Western stock is prejudiced by the decision
that the recent issue by this company of preferential
stock, in payment of dividends, is illegal ; and
the holders of this " dividend stock," which was re-
cently quoted at 90 per cent., naturally consider
themselves much aggrieved. From the fact that the
transactions in it have been very numerous, and
conducted of course in a bend fide belief that the
company had legal powers, complications are likely
to arise. Some of the holders seem disposed to try
whether they have not a legal remedy.
About 20,000 sovereigns from South America
were sent into the Bank yesterday, while 10,000 for
Egypt were withdrawn.
About 736,0001. in Australian gold is now on
the way to this country, including 468,000/. just
announced as having been shipped from Melbourne
during the month of October.
Of the 176,5001. by the steamer Douro, from the
West Indies, 92,5001. is silver, and 84,000/. gold.
There was no alteration of importance yesterday
afternoon in the foreign exchanges. The list is
subjoined :
Amtteediun, 3 months, 12.03 is 12.11 ; ditto, short,
11.181 to 11.191; Rotterdam, 3 mouths, 12.01 to 12.1; ;
Antwerp, 3 months, 25.35 to 25.40; Brussels, 3 month.,
25.35 to 95.40 ; Hamburg and !Mons, 3 months, 13.9 i to
13.10 ; Berlin, Cologne, be., 3 months, 6.261 to 6.2, J ;
St. Petersburg, 3 months, 321 to M ; Pans, short, 25.10
to 25.20; ditto, 3 mouths, 25.30 to 25.35 ; Marseilles,
3 months, 25.30 to 25.35 • Fratildortroo-the.Maine,
3 months, 1201 to 1201 ; Vienna, 3 months. 12.43 to
12.50 • Triune, 3 months, 12.45 to 12.50 ; Madrid, 3
montli.s, 481 to 481 ; Santander, 3 months, 49 to 181; Cadir,
3 months, 491 to 49,• Seville, 3 months, 49a to 49; Malaga,
3 months, 484 to 481 ; Vasco* 3 months, 481 to 481 ; Bar.
talons, 3 months, 49 to 481 ; Billie% 3 months, 481 to
489 ; Baragalak 3 months, 484 to 484 ; Leghorn, 3
months, 28.40 to 28.50 ; Genoa, 3 mouths, 28.40 to
28.50; Naples, 3 months, 98.40 to 28.50 ; Palermo, 3
months, 211.40 to 28.50 ; Marina, 3 mouths, 2...40 to
28.50 ; Lisboa. 90 daps' data, 511 to 511 ; Oporto, 90 days'
date, 511 to 51 .

At Paris the rate of discount in the open market
is now lf per cent. ; at Brussels, 2} ; at Hamburg
and Frankfort, 21; at Amsterdam and Berlin, 3} ;
at Vienna, 4; at Turin, 5 ; and at St. Petersburg,
8 per cent.

The Masseheater Cuurier reports the stoppage of
Messrs. Yates and Cording, commission merchants,
with liabilities estimated at between 30,0001. and
40,0001

The Crown Agents for the Colonies have just
issued a notice inviting tenders for 100,0001.
of six per cent. debentures of the government
of Ceylon, redeemable at par in 16 'years. This
loan forms the final instalment of an autho-
rised issue of 700,0001. for the construction of a
railway from Colombo to Kandy, which is now
open for traffic throughout, and is said to offer
prospects of success beyond all expectations. Up-
wards of a million sterling has already been ex-
pended on the work out of the surplus revenue of
the island, in addition to 000,0001. previously
raised in this market on debentures, and it is
stated that the sum now required will fully com-
plete and stock the line. The security offered is
the general revenue of the colony, with a special
hypothecation of the export duty on coffee (amount-
ing to about 50,0001. a year), and the net earnings
of the railway. _

A further dividend of L. in the pound, amount-
ing to 205,0001., was paid on Thursday and yester-
day to the creditors of Overend, Gurney, and Co.
(Limited.) This makes 135., and another distri-
bution of ls. is expected before Christmas.
The whole of the capital of the Joint Stock
Discount Company (Limited) has now been called
up, the call of bl., just announced, making 23t. per
share, or 2,000,00 W.