The Express.
London, England, 1867-02-23 00:00:00

PROVINCIAL SHARE MARKETS.

LrvizrooL, PER. St—sale today Great Eastern, ill 4 1
—Great Western, 40 491—London and North Western, 122.1 i i
I—Midland, 1231 4—North British, 371—South Eastern, 894 1 0
4—Panukillo, d.--Grand Trunk of Canada. 214—Great W ern
of .:anada, 134 I—United States &SO 1882, 744 4.—Great Luxem-
bourg shares, 11 1446—Alliance Bank London and Liverpool
(Limited) 8 d.—Eastern Exchange Bank 'Llmited,,ll —Mercan-
tile and Exchange Bank ,Li(nited), 8 d.—North Western Bank
(Limited,. 4 P—Cnion, 234—Liverpool and London and Globe }lre
and Life. 51 p.—Angld American Telegraph, 151 National
Steam Company, 161 14 1 41 1 d.— Lancashire and Yorkshire
41 per cent. 1961, 96 xd.
ifirotellgerta, Pia. 2L—The market was very flat, with little
business doing. Great Eastern, 311 130,', 1 11—Great Northern,
halves `A deferred, 1281 4—Great Western, 491 4 I—Lancashire
and Yorkshire, 127 xd —London and North W.srn, 1221 —Man-
chester. Sheffield, and Linconahlre, 50 491—MetropoUtan, 1241
xd—Midland, 1231—North British, 3711—south Pastern, fen
981 941 4—Furness late Wbitehaven and Furneee 8 per cent.
pref., 311—Midland COW". 6 per cent. pref., 1 P.—Northern
Unless, B guaranteed 7 per cent., 152—Illinois Central, 771
Erie, 374 f—trent Luxembourg, 11 15-16—Grand Trunk of
Canada, 21 Consolidated Bank (UmttesP, 1 p.—Thames and
Mersey Marine 317-189.
BIRMINORAIt, thismarket to-day Midland Railway
C 22 4 convertible Five per Cent. was sold at 11-16 prem. : Bir-
mingham Ranking Company Shares (Limited) at 2 prem. ; Bir-
mingham Joint Stock Bank at 32; Gloucester Wagon shares,
fourth issue, at 14 prem.; South Staffordahlre Waterworks shares
at 8 3.16; Henddol Slate and Slab shares at 1 db. ; Patent Shaft
and Axletfee shares at 44 prem. Closing prigs:—North Staf-
fordshire Railway stock, sellers, at 70 ; Birmingham Town and
District Banks at 114 buyers; Munts's Metal shares at 11

MONEY MARKET.-(THIS DAY.)

011 o'Ozooz.

As usual on a Saturday there is little business
in the Stock Exchange, but the tendency of prices
on the whole is better than yesterday. English
government securities are in request, and Consols
have experienced a rise of per cent. for money.
The dealings exhibit en increased number of bond
fide purchases. The improvement in British rail-
way stocks and foreign bonds ranges from
to 1 per cent., the chief movement
being in Turkish of 1865 and Chilian Scrip,
Thu latter has been favourably affected by the
announcement just made with regard to the pro-
posed further issue of Chilian stock here. With
the exception of the March Exchequer Bills, which
have declined about 55., upon the notification that
the rate of interest has been reduced from 4 to 3
per cent., other branches are quiet, and quotations
generally unaltered.

In the discount market to-day the rate for good
bills is unchanged, at 23 to b per cent, but there is
less demand. Short loans on English government
securities aro obtainable in the Stock Exchange at
II to 2 per cent.

Consols are now quoted 904 to 91 both for
money and the account (March 7).
Foreign stocks are in demand, and the general
course of prices is favourable. Turkish Bonds of
1865 have advanced / per cent. ; Chilian scrip, ti ;
Mexican, 1 ; and Spanish Passive and
Certificates, as well as Russian scrip, 1.
Turkish Bonds of 1865 are quoted 31 to ;
Greek, 151 to 16 ; Spanish Passive, 221 to 23 ;
ditto Certificates, 141 to 15 ; Italian of 1861, 53;
to 54/ ; Mexican, 171 to 18 ; Russian Scrip, n to
N prem. ; Chili= Scrip, 1/ to g dis ; and Danu-
bian Scrip, 1 die. to par.

United States 5-20 Bonds and Erie Railway
shares have advanced h to 1 per cent., being
quoted 731 to and 371 to f, respectively, but
Illinois Central are without variation,at 761 to 771.
Anglo-American Telegraph shares are firm, at
15 7-16 to 9-16; and Atlantic Telegraph 8 per cent.
Preference steady, at 24 to
International Financial shares are quoted 2i
to 21 dis. ; London Financial, to 17} dis. ;
General Credit, n to 21; dis.; Credit Fonder,
5 7-16 to 5-16 dis. ; National Discount, sit to
prem., ex div.; and Hudson's Bay, 161 to }.
Mr. Laing's scheme for raising 652,3001. by an
issue of 5 per cent. debenture stock of the Great
Eastern Railway Company has been received
favourably in the Stock Exchange, and it is
believed that the amount will be readily taken up.

No bullion operations were reported a the Bank
yesterday. There was rather more demand, how-
ever, for gold for Paris, and the market at the
moment is bare of supplies. The total known to
be on the way from Australia to England is only
172,0001.
The foreign exchanges yesterday afternoon pre-
sented no alteration of importance from last Tues-
day's rates. The list is subjoined :
uttri3 months, 11.181 to 11.181 ; ditto, short,
i; Rotterdam, 3 months, 11.181 to 11.181;
Antwerp, 3 months, 25.371 to 25.40; Brume* 3 months,
25.371 to 25.40 ; Hamburg and Altona, 3 months, 13.81 to
13.9 ; Berlin, Cologne, ~ 3 months, 6.25 to 6.26;
St. Petersburg, 3 months,Ste 311 to 311; Paris, short, 25.10
to 25.20 ; ditto, 3 months, 25.321 to 25.371; Marseilles,
3 months, 25.321 to 25.371 ; Frankfort-on-the-Maine,
3 months, 1191 to 1201 ; Vienna, 3 months, 12.90 to
13 ; Trieste, 3 months, 12.90 to 13 ; Madrid, 3
months, 48 to 471 ; Santander, 3 months, 48 to 471; Cadiz,
3 months, 49 to 481; Seville, 3 months, 49 to 481; Mane,
3 months, 48 to 471 • Valencia, 3 months, 491 to 48; Bar-
celona, 3 months, '4Bl to 481; Babas, 3 months, 48 to
411 ; Baragoem, 3 months, 48 to 471 ; Leghorn, 3
months, 28.90 to 27 ; Genoa, 3 months, 26.90 to
27 ; Naples. 3 months, 26.90 to 27 ; Palermo, 3 months,
26.90 to 27 ; Messina, 3 months, 26.90 to 27 ; Lisbon,
90 days date, 521 to 52 ; Oporto, 90 days date, 521 to 52.

. _
At Parts the rate of discount in the open market
is 21 per cent., being slightly below that current
here. At Frankfort and Brussels the quotation is
2 ; at Vienna, 6 ; at Hamburg, 21 ; at Turin, 6 ;
at Berlin, 3 ; at St. Petersburg, 8 ; and at Am-
sterdam, 3i per cent.
Advices from Manchester announce the stoppage
of Messrs. Porteus and Paul, merchants, chiefly
connected with the Irish trade.

The following, with reference to telegraphic
communication between England and America, has
been received from an official source :
Mr. Cyrus W. Field hen arrived in Loudon. The object
of his visit is to enter into • contract with the Telegraph
Construction and Maintenance Company, on behalf of the
New York, Newfoundland, and Loudon Telegraph Com-
pany, for the immediate manufacture and laying of a sub-
marine cable between Placentia, Newfoundland, and some
point on the continent of America. When this line is
completed, the uncertainty of the present communication,
by the land lines getting out of repair, will be in • great
measure, if not entirely, removed. The public may not be
aware of the fact that the two cables of the Anglo-
American Telegraph Company are employed at present on
an average about four hours out of every twenty-four.
They are in every respect in the must perfect condition for
the transmission of =mange..

It is understood that the report of the Atlantic
and Great Western Railway Company will be
issued on Monday.
The Trust and Agency Company of Austra-
lasia (Limited) have just publicly announced
the emission of a further issue of share capital.
The business of this company is confined to lend-
ing money on mortgage, and the present is the
fourth issue of 12,500 shares. The previous issues
were absorbed entirely by the then existing share-
holders, who in many instances paid up their shares
in full, taking interest in priority of dividend on
the amount paid beyond the sum called up. The
large number of shares so paid upon induced the
directors to offer the present issue conditionally
on the shares being likewise paid up in
full, and again the existing shareholders take
70,0001. out of 125,0001., the amount of the issue,
leaving but 5,500 shares, or 55,0001. for allotment
to the public. No deposit will be required with
the applications for shares, all money being pay-
able after allotment.

The Caledonian Railway traffic return shows this
week an increase of 4831. over last year.
The second ordinary general meeting of the
shareholders of the English and American Bank
(Limited) will he held on the sth of March, " to
receive the accounts to the 31st of December last,
with a report of the directors, and to declare a
dividend."
The annual meeting of the British Land Com-
pany (Limited) was held yesterday. The balance of
profit, after paying the interim dividend (7,000/4,
amounts to 34,9351., and a further dividend of 5
per cent., and a bonus of 10 per cent., free of
income-tax, were declared, making a total distribu-
tion of 20 per cent. for the year. The balance left
to be carried forward is 12,900/.
The ordinary general meeting of the Grosvenor
Hotel Company (Limited) was held yesterday. The
report of the directors showed that the profits made
were not sufficient to justify the declaration of a
dividend for the half-year ; but the chairman, in
the course of his remarks, explained the circum-
stances which had tended to keep down the re-
ceipts, and expressed a hope that when the im-
provements in the neighbourhood are completed,
the number of visitors to the hotel will greatly
increase. He added that the shareholders may
then fairly look for a resumption of their dividends.
After some discussion regarding certain details of
management, the report was unanimously adopted.
At the meeting of the Tahiti Cotton and Coffee
Plantation Company, held yesterday, the directors'
report was adopted. It is anticipated that 70,0001b5.
of clean cotton will be picked per month during the
year, and that it will yield three times the amount
of expenditure required. Since the balance-sheet,
extending to the 31st December last, was made up,
a cargo of cotton has arrived, and has been sold
for 8,0001.
A general meeting of the East India Land
Credit and Finance Company (Limited) is called
for the 7th of March, to receive the directors'
report.
I The letters of allotment for the New Danubian

3.

Pr ncipalities Loan were issued yesterday morn-
ing. The course of the market for this stock
seems to show that, especially in the case of
a speculative foreign loan, it is advisable to
require a deposit from the applicants by way
of guarantee. The suddenness with which the
allotment letters have appeared has taken
some of the weaker applicants by surprise, es-
pecially as it was stated in the prospectus that
subscriptions were to be received m several of the
continental markets. Whether this loan has re-
ceived any support from the holders of the stock of
lSti4 is nut at present known ; but, making every
allowance for the regularity which has been ob-
served by the Danubian government in making the
remittances on aeoiiiit of that loan, we have hero
another instance of the prejudicial effect exercised
upon prior iiikrts when a state borrows too
rapidly.

FINNEY EVENING.
Console, which closed yesterday at 90/ to 91
for the 7th of March, closed to-day at the same
quotation. For money the last price was 90/
to 4. The official business report is as follows:—
Three per Cent. Consols, for money, 90k, I, 1 ;
ditto, for account, 90/, 2, ; Three per Cents. Re-
duced, 90*. ; New Three per Cents., 90/, t ;
Bank Stock, 254, ; India Stook, 215, 14 ; ditto,
Five per Cent.. 1671, 7 ; ditto Four per Cent.
" ease-ea, 845 ; ditto Five per Cent., 1024;
ditto Five per Cent. Debentures, 1022,:3; ditto
Bonds, 32x., 285., 299. prem.
Indian government securities remain steady.

Exchequer Dais were firm at 14s. to 178. prem.
There Mai an increased demand for foreign
stocks, and the ueneral tendency of the market was
firmer. Greek bonds and Coupons were in chief
retest, and rose l and A per cent., respectively.
Italian of 11361 ma Spanish Certificates improved
; spulish Passive, Mexican, and Chilian scrip,
A ; and Turkish Six per Cents. of 1866, 1 per cent.
Turkish of 1 i iB, however, declined 1j per cent. ;
and Portuguese and Egyptian of 1864, I.