The Express.
London, England, 1867-08-21 00:00:00

MONEY MARKET.-(THIS DAY.)

Ors °Ur=

In the Stock Exchange the transactions still
consist principally of sales, and prices have ex-
perienced • fresh reduction. Some of the opera-
tors who bought stock at lower quotations than
those now current are selling with a view to
realise profits, and the usual speculators for a
fall are taking advantage of this circumstance.
The amount of business generally, how-
ever, is extremely small. Consols have de-
clined 1 per cent., and British railway
securities to 1. Great Western stock, however,
is inquired for, upon favourable anticipations with
regard to the forthcoming half yearly dividend.
A few of the foreign bonds are slightly better, in- I
eluding Spanish Passive, the accounts from Madrid
leading to a belief that the insurrection will be
promptly suppressed.
The discount market is quieter to-day, and there
is more disposition to take the best bills at 11 per
cent., although the more general charge is la to 11.
Consols are quoted 941 to 1 for money, and
941 to for the account (Sept. 10) ; and the
New Three per Cents, and Three per Cents. Re-
duced, 941 to 1.
The railway market is fiat, and the general
course of prices rather unfavourable. Brighton
stock has declined 1 per cent. ; Great Eastern, 1 ;
London and North Western, Metropolitan, Mid-
land, and London, Chatham, and Dover, ; and
South Eastern, 1. On the other hand, Great
Western is 1 better. The present quotations
are as follows :—Metropolitan, 1241 to 125,
ex all ; Great Western, 46 to ; London and
North Western, 1161 to 0 ; Midland, 1191 to / ;
Lancashire and Yorkshire,l27l to 128 ; Caledonian,
1121 to 1131; South Eastern, 67 to ; Great
Eastern, 291 to 301; Great Northern, 1141 to 114 ;
ditto A, us! to 1161 ; London, Chatham, and
Dover, 171 to 1 ; North British, 30 to 31 ; and
Brighton, 49 to 1.
The purchase by the government broker to-day
for the sinking fund comprises 21,000/. Reduced,
at 941.
Greek bonds are in request, and have improved
per cent., viz., to 131 to 1. Spanish Passive and
Mexican are 1 better, at 201 to 1, and 141 to 1,
respectively. The other descriptions are steady.
Turkish of 1862 are called 57 to 58 ; ditto of 1865,
311 to 3 ; Spanish Certificates, 151 to 161 ; and
Italian of 1861, 481 to 49.

Financial shares exhibit no alteration. Interna-
tional Financial are quoted 2} to 11 dis. ; London,
23 to 21 dia. ; General Credit, 21 to 2} dis. ; and
Credit Foncier, 5 to 4 dis.
Bank shares are quiet, and prices unaltered.
London and Westminster are called 72 to 74;
Union of London, 39 to 40 ; Imperial Ottoman,
l to 01 die., showing dulness ; Chartered Mercan-
tile of India, 28 to 30 ; and Alliance, 12 to 11
dis.

United States 5-20 Bonds have advanced 1 per
cent., viz., to 731 to ; while Erie R►ilway
shares have declined 1, the present price being 442
to 45/. Illinois Central are without variation, at
77} to f •
Atlantic Cable shares are unchanged, Anglo-
American at 16i to 171, and Atlantic Telegraph 8
per Cent. Preference at to f.
An extraordinary meeting of the Atlantic Tele-
graph Company is called for the 6th of September,
" for the purpose of receiving from the directors a
report and statement of the revenue account for
the year ending July 28, 1867, and of determining
upon the payment or otherwise of a dividend upon
the capital of the company."
No gold was sent into the Bank yesterday, but •
large portion of the recent arrivals is now awaiting
disriaimbria, from New York, has brought
8,0001. in specie for London.
The amount of Australian gold known to be now
on the way to England is 658,500/., of which the
bulk is due.

The large amount of Mexican dollars by the
steamer Atrato was sold yesterday, partly for re-
fining and partly for the Continent, at 4s. Ild. per
ounce, showing a decline of id., compared with the
recent quotation.
It is announced that Messrs. Fairfax, Bryson,
and Co., hardware and general merchants and
metal brokers, of Birmingham and London, have
suspended payment, owing to heavy losses and the
non-arrival of remittances from Canada. The
amount of their liabilities, however, has not
transpired.
The foreign exchanges yesterday afternoon were
firm, and a alight rise took place in the rates on
Austria and Italy. The quotation for St. Peters-
burg also shows a movement in favour of this
country. Annexed is the usual list :

Amsterdam, 3 months, 12.0 to 12.04 ; ditto, short,
ILIB4 to 11.194 • Rotterdam, 3 months, 12.0 to 12.04 ;
Antwerp, 3 months, 25.375 to 25.425 ; Brunels, 3 months,
25.374 to 25.424; Hamburg and Altona, 3 months, 13.9 g to
13.10 ; Berlin, Cologne, ke 3 months. 6.26 to 6.26 g;
St. Petersburg, 3 months, 314 to 314 ; Paris, short, 25.15
to 25.25 ; ditto, 3 months, 25.324 to 25.375 ; Marseilke,
3 months, 25.35 to 25.374 iFrankfort-on.the-Maine,
3 months, 1204 to 1204 ; Vienna, 3 months, /2.80 to
12.85 ' • Trieste, 3 months, 12.80 to 12.85 ; Madrid, 3
months, 494 to 49; Santander, 3 months, 494 to 49; Cadis,
3 months, 494 to 49 ; Seville, 3 months, 494 to 49; Malaga,
3 months, 49 to 484 ; Valencia, 3 months, 49 to 484 ; Bar.
.elona, 3 months, 494 to 494 ; Bilbao, 3 months, 49 to
484 ; Saragossa, 3 months, 49 to 484 ; Leghorn, 3
months, 27.20 to 27.30 ; Genes, 3 months, 27.20 to
27.30 ; Naples, 3 months, 27.26 to 27.36 • Palermo, 3
months, 27.20 to 27.30 ; Messina, 3 months, 27.'24 to
27.30; Lisbon, 90 days' date, 524 to 514 ; Oporto, 90 days'
date, 524 to 611.
The intelligence from Buenos Ayres and Ls
Plata, by the French mail just arrived, is satis-
factory. The government and the congress have
been recently much occupied with matters of con-
siderable importance, especially in decrees for im-
proving the agricultural and industrial condition
of the country. From the provinces the news was '
considered favourable, and the latest information
from the seat of war was to the effect that the
whole allied army had received instructions to at
once attack the enemy's position, and it is expected
that something decisive will be reported by next
packet. The provincial government of Itnenos
Ayres has passed a decree, conceding a site wherein
all the railways of the country are to terminate.
All the railvrays are doing an excellent traffic,
especially the Great Southern and Central Argen-
tine, the shares of both of which have risen
in value. Owing to this being a favourable
season for sheep farming, and the superior condi-
tion of the camps, good lands are coming daily!
into greater demand-, and the government has
again evinced a desire to encourage and facilitate
colonisation, by the prolongation of the terms for
purchase in their new public land law. In Buenos
Ayres money is abundant, the market is easy, and
it is said that the government will have little diffi- !
culty in raising at home what it requires from i
the private banks. National Bonds, which have so ;
rapidly risen of late, continue to fluctuate in price
between 62 and 65. In the commercial houses there
is little of importance doing, on account of the ple-
thora of gold, all seeming to prefer to ship gold to
taking exchange at 4S. Ounces, 400 ; sovereigns,
22} ; pataeons, 26.
A general meeting of the Merchant Banking
Company of London (Limited) will be held on the
sth September. The transfer books will be closed
from the 22nd inst. to the sth September next.

Subjoined are the quotations of insuranoe, gay
dock, waterworks, and canal shares, as given in
the:Stock Exchange list of last evening :
Insurance—Alliance British and Foreign Marine, 24;
Law Life, 8t34, 98 ; North British and Mercantile, 154 ;
Ocean Marine, 191, i ; Bock Life, Hl ; Universal Marino
(Limited), 4.
Gaelight and Coke—Bombay (Limited), 4, I British
, 29 ; Commercial, 32; Continental Union (Li-