The Express.
London, England, 1866-04-12 00:00:00

MONEY MARKET.-(THIS DAY.)

Owa o'Ctoci.
The stock markets were decidedly heavy at the
commencement of business this morning, and a
further general decline occurred in prices, owing
to the unfavourable tenor of the news from Ger-
many and the announcement of another failure in
the Stock Exchange, as referred to below. A better
feeling, however, is now apparent, and quotations
show a recovery. The amount of business on
the whole has been rather large, although
the dealers are still engaged in the set-
tlement of the fortnightly account. The Eng-
lish funds, which opened at a reduction of
per cent., are now quotedithe same as yesterday,
while foreign stocks, British railways, and financial
shares exhibit a rise in several cases.
The demand for money continues moderate, and
the supply large. The rate for choice bills is 5 7-8
to 6 per cent., with exceptional transactions at 52.
In the Stock Exchange short loans on English
government securities are obtainable at to 4 per
Web. cent.

The directors of the Bank of England have not
made any alteration in the rate of discount to-day.

The failure of another member of the
Stock Exchange, a broker, was announced
this morning, but the liabilities are un-
derstood to be limited. The transactions
of the individual in question were in a variety of
securities, and his difficulties have arisen from the
general fall which has occurred in prima.
Consols are now quoted 86# to 3-8 for money,
and 86# to # for the account (May 9).
The foreign stock market is firm. Turkish Bonds
of 1865 are in especial request, and have advanced
# per cent. Spanish Passive have also risen A ;

Italian of 1861, ; and Spanish Certificates,
The prices are as follows :--Greek, 121 to 131
Mexican, 201 to 3-8 ; Spanish Passive, 26 to 4;
ditto Certificates, 157-8 to 161 ;Turkish, 1862, 621t0
634 ; ditto, 1865, 33 7-8 to 34/ ; Brazilian scrip, 31
to 3 dia., ex div. ; and Italian, 1861, 551 to
564.
United States 5-20 Bonds, and Illinois Railway
shares are steady, at 711 to and 801 to 1, re-
spectively ; but Erie are 1 per cent. lower, at 531
to 541.
International Financial shares are now quoted
to 3-8 dis. ; General Credit, par to 4 prem. ;
London Financial, 4to 31 dia.; Imperial Mercan-
tile, 21 to din. ; Credit Foncier and Mobilier,
1 7-8 to 21 prem. ; Overend, Gurney, and Company,
7-8 to 1 prem. ; and National Discount, 8 to
Prem.
Although there is a general reluctance to believe
that the great German powers will plunge into war,
the speculators are disposed to argue that, even
should negotiations be entered upon, the markets
will remain in a sensitive condition.
The following satisfactory communication rela-
tive to Mexican Bonds has been forwarded to the
Stock Exchange by Messrs. Baring Brothers
and Co. :
MEXICAN CONSOLIDATED THREE PER CENT. BONDS.

Messrs. Baring Brothers and Co. have received advice from
their agent in Mexico that her Majesty's minister had been
informed by the Minister of Finance that he has obtained
the sanction of the Emperor to set apart for the bond-
holders the 25 per cent. of import duties formerly assigned
to them. No communication had been received from the
Mexican government in reference to the settlement of the
Deferred Bonds.—London, April 11.
No gold was bought by the Bank yesterday.
The amount sent in from abroad during the week
is 162,0001.
The steamer Atrato, from the West Indies, has
brought 460,757 dole. in specie.
The steamer Pera will take to-day 20,0001. in
gold and 155,0001 in silver for Bombay, besides
2,0001. in gold fur Alexandria, making a total of
177,000/.
The failure of a respectable firm of " jobbers"
was announced in the Stock Exchange yesterday, in
connexion with the half-monthly settlement. Tho
liabilities arc said to be about 12,0001. Their dif-
ficulties are stated to have been caused by recent
large purchases of Joint Stock Discount shares,
which they were unable to resell.
The advices from Liverpool announce the failure
of Messrs. Hardy and Wild, of Runcorn, an old
established firm in the corn trade, with liabilities
amounting to about 40,0001.
The directors of the Royal Mail Steam-packet
Company have this day decided to recommend
to the proprietors, at the meeting to be
held on the 26th instant, a payment for
the half-year ended 31st of December last of
41. 10s. per share out of the balance of profit
and loss account, and of 21. 10s. per share from the
insurance fund, both free of income tax.
The Grand Trunk Railway Company have an-
nounced the payment of the half-year's interest due
on the 16th instant on their Equipment Mortgage
Bonds.
The following is from the report of the directors
of the Bank of British Columbia, to be submitted
at the general meeting on the 19th inst. :
The directors have satisfaction in submitting to the
shareholders the accounts of the bank for the half-year
ended 31st December last, and have to report that after
paying all charges, deducting rebate of interest on bills
not due, and making full provision for bad and doubtful
debts, the undivided profits amount to 17,266!. 15s. lid.,
which the directors recommend to be appropriated as fol-
lows, viz.:-12,5001. in payment of a dividend at the rate
of 10 per cent. per annum, and 3,1251. in payment of a
bonus of sa. a share, making together a division of profits
at the rate of 121 per cent. per annum for the half-year ;
and leaving the sum of 1,661/. 11.. 11d. to be carried
forward.
At the meeting yesterday of the Metropolitan
Railway Warehousing Company (Limited) the direc-
i tors' report was adopted. The chairman remarked
that he hopes, by their next general meeting in
I August, to be able to submit a plan of warehouses
which will be remunerative to the shareholders.
In compliance with a requisition signed by cer-
tain of the shareholders of the Bank of Turkey
(Limited), an extraordinary general meeting is to
be held at the offices of the company on Tuesday,
the 24th instant, "for the purpose of resolving
whether or not the company shall be voluntarily
wound up, and, if net-weary, of appointing liqui-
dators."
The second ordinary general meeting of the Aus-
tralian Mortgage Land and Finance Company
(Limited) will be held on the 24th instant, for the
purpose of declaring a dividend, &c.
The directors of the Lion Brewery Company
(Limited) have announced a call of Si. as payable
on the ordinary shares by the 25th May.
An extraordinary meeting of the shareholders of
the Credit Foncier of Mauritius (Limited) is called
for the 24th instant, to confirm the resolution
passed at the general meeting on the 29th March.
A general meeting of the shareholders of the
Land Mortgage Bank of India will be held on the
19th inst., to declare a dividend.
An adjourned general meeting of the Danube and
Black Sea Railway and Kustendjie Harbour Com-
pany (Limited) will be held on the 26th inst.
The preparations yesterday for to-morrow's settle-
ment in shares and foreign stocks weregenerally con-
ducted at very moderate rates of "continuation,"
owing to the small extent of the outstanding specu-
lation and to the abundance of money. The
following shows the terms generally current yes-
terday morning
Great Western Railway stock 1-16 to 3-16 coot.
Lancashire and Yorkshire 7-16 to 9-16 „
London and North Western 5-16 to 7-16 „
Midland to 5-16 „
Great Northern
Ditto A to
Metropolitan
South Eastern to 91
She-Selz!
North Eastern—Berwick to
Ditto York to
North British -1 to 3-1 „
Great Eastern .. . -32 to 5-32 „
Great western of &nada
Erie lid. to la. „
Meek GeWical, Paid up