The Express.
London, England, 1867-02-25 00:00:00

MONEY MARKET.-(THIS DAY.)

ONI O'CLOCI.

The stock markets are quiet to-day, with few
transactions, and prices generally are quoted the
same as on Saturday. The investments of the
public are upon a very moderate wale, while specu-
lators evince a disposition to await the result
of the debate to-night on the Reform
question before entering into fresh business.
The fortnightly settlement in shares and
foreign stocks, which will commence to-morrow,
also tends to check further dealings at the mo-
ment. Consols are unchanged for money, but have
improved k per cent. for the account. The move-
ments in other securities are quite unimportant,
apart from a reduction of a per cent. in Chilian
scrip. /Co business is yet reported in the Dutch
Indian Railway obligations, the issue of which has
just been announced.

The discount market is quiet, and the rate for
the best paper unaltered, at 21 to 21 per cent. In
the Stock Exchange short loans on English govern-
ment securities are offered at 2 per cent.
Console are now quoted 90 to 91 for money
and 91 to k for the account (March 7).
In the foreign stock market Chihli!) scrip and
Turkish Bonds of 1865 have declined to per
cent., while Greek have improved k. The other
speculative descriptions are unaltered. Turkish
Bonds of 1865 are quoted 301 to 31 ; Greek,
1G to ; Spanish Passive, 221 to 23 ; ditto
Certificates, 142 to 15 ;. Italian of 1861, 531 to 54 ;
Mexican, 174 to 1 ; Russian Scrip, 21 to ji prem. ;
IChilian Scrip, 24 to 2 dis. ; and Danubian Scrip,
k die. to k prem.
United States 6-20 Bonds have improved F 1 per
cent., Erie Railway shares 4, and Illinois Central
4. The present quotations are :—The 5-20 Bonds,
734 to 3 ; Erie Railway shares, 374 to 38 ; and
Illinois Central, 77 to 4.
Anglo-American Telegraph shares show no move-
ment, at 151 to 0. Atlantic Telegraph 8 per cent.
Preference are also quiet, at 21 to 1.
International Financial shares are quoted 2/
to 24 dia. ; London Financial, 184 to 174 dia. ;1
General Credit, 24 to 20 dis. ; Credit Fonder,
51 to ; National Discount, 84 to : prem.,
ex div.; and Hudson's Bay, 164 to 4.
The half-monthly settlement in shares and
foreign stocks will begin to-morrow (" continua-
tion day"), and end on Thursday.
About 15,000 sovereigns were withdrawn from
the Bank on Saturday for Alexandria.
The amount of government bills on India for
which tenders will be received at the Bank of
England on the 6th of March will be rupees
3000,000 (300,0601)
The recent adverse movement in the rate for
government bills on India is stated in the circular
of Messrs. W. C. Biller and Co. to be chiefly owing
to the large sum paid this week by the Commercial
Bank of India in the shape of dividend to the cre-
ditors, a considerable portion of which has to be
remitted to India.

An issue of four millions of florins, or 339,0001.,
of 4i per cent. obligations of the Dutch Indian
Railway Company, is announced through Messrs.
Horstman and Co. and Mr. J. Gerstenberg. The
loan possesses the iparantee of the Dutch home
government. The issue price of each obligation
of 1,000 Dutch florins, or 841. 155., is 751. Bs. 6d.,
being at the rate of 89 per cent. The high finan-
cial position of the Dutch government will cause
considerable attention to be directed to this small
loan.

With reference to the 4,000,0001. of capital re-
quired for the Intercolonial Railway, there is a
rumour that only 500,0001. of the amount will be
put out at first, and the rest by instalments, but
►t is believed that the whole must be raised within
three years. A guarantee of 4 per cent. from the
Imperial Government will of course render this an
unexceptionable investment, and will, it is thought,
ensure the placing of the loan at about 97 or 98
per.eent., should the aspect of the money market
and of politics continue favourable. According to
some, the Bank of England, which has of late re-
duced the amount of railway debentures held by
it, is likely to take a large interest in this stock.
Subjoined is a statement (from Mr. Slaughter's
Weekly Lid) of the calls on railway and miscel-
laneous undertakings due in the month of March,
so far as they have yet been advertised. The
amount is unimportant :

Amount per Share.

Du* Aieady Ntimber
Due 113March,1087. Date. Paid. Call of Sham Amount.
RAILWATIL
Furness, ordinary Guar.
6 per rent. till lett .. 1 te tlO 0 00,000 60.000
Great Southern of India 1 16 6 0 0 10,721 63,006
Great Latent 6 permit.
Debenture Stocks....onallot. dpt.lo 0 0 06,230
NIIICILLAI9IIOII.