The Express.
London, England, 1867-10-17 00:00:00

TELEGRAPHIC INTELLIGENCE.

(11EMITIVB TELEGIiIIB.)

88e-

zd

THE BANK OF FRANCE.
PARIS, Ocr. 17.

The return of the Bank of France for the week
ending to-day shows the following changes as com-
pared with the previous account :

INcaassz.
Bills discounted . . . fr. 18,500,000
Current accounts . .
Notes
Treasury balance . .
Advances 200,000
Ducar...um.
I Cash
1

id
102 i

94“

100

100

-
100 i

S:
...
4 imn

_ea

_de

THE WAR IN THE BRAZILS.
PARIS, Ocr. 17.

1-161 i

Intelligence received here from Monte Video
from a Paraguayan source states that the Allied
forces were in a state of complete inaction. Ten
Brazilian iron-clads were hemmed in between the
fortresses of Curupaity and Humaita. Curnpaity
was strongly reinforced. The bed of the river
Paraguay was dammed up, all navigation being
thus rendered impracticable. The land forces of
the Allies were fortifying themselves in haste
at Tuyuene (1), to the east of the entrenched camp
of President Lopez.

At Buenos Ayres a change had taken place in
the ministry. The new ministers advocated a
peace policy, in which they were supported by the
press.

MONEY MARKIIT.-MIIIB DAY.)

Chrs o'Osuoz.

n it Ed

The stock markets showed extreme depression at
the commencement of business this morning, owing
to the statement that the Emperor Napoleon has
determined to despatch troops to Rome, and a con-
sequent fear that serious difficulties may arise
between the French and Italian governments. At
the present moment the tendency is slightly better,
though there is little real recovery in prices. Con-
sols have declined Ito I per cent., and are now
fully below the highest quotation current some
weeks ago. As regards foreign bonds, the transac-
tions have been chiefly confined to Italian Bonds of
1861, which have been pressed for sale, and have
fallen 1 per cent. Turkish, Spanish, and Mexican
are likewise lower. The reduction in home railway
securities ranges from to per cent. The arrival
of telegrams from the Paris Bourse is awaited with
some anxiety.

The discount market is quiet, but there is less
disposition to take the best bills at 11 per cent.,
the more general rate being If. There seems to
be an impression in some quarters that the ten-
dency of rates during the next few weeks is likely
to be rather upwards, owing to the demand for
gold for abroad, the circumstance that a large
amount of corn paper will soon arrive at maturity,
and the slight incresse]of business in some depart-
ments. Loans on English government securities
are obtainable in the Stock Exchange at 1 per
cent.

Consols are quoted 93i to for money and
93 9-16 to 11-16, or 93a, for the account (Nov. 7).
The Three per Cents. Reduced and New Three per
Cents. are called 91i to 92, showing no change of
importance.

Railway stocks have given way, the transactions
consisting almost entirely of sales. Great Western
and South Eastern have declined 3 per cent. ;
London and North Western, Metropolitan, Mid-
land, Lancashire and Yorkshire, Caledonian, and
Great Northern A, ; and London, Chatham, and
Dover, and Brighton, k. The quotations are as
follows :—Metrupolitan, 1221 to 123; Great Wes-
tern, 46a to ; London and North Western, 113
to ; Midland, 1181 to 1; Lancashire and York-
shire, 1261 to 3 ; Caledonian, 1001 to f ; South
Eastern, 67 to ; Great Eastern, 311 to 32 ;
Great Northern, 109 k to 110} ; ditto A, 15 to ;
London, Chatham, and Dover, 183 to I ; North
British, 33 to k ; and Brighton, 53} to 3.
The foreign stock market is heavy, and the
general course of prices unfavourable. Italian
bonds of 1861 have declined 1 per cent., viz., to
43} to 3, and the reduction in most of the other
speculative descriptions amounts to k to 3. Turkish
of 1862 are at 61k to 62} ; ditto of 1865, 31 to k ;
Greek, 113 to 121 ; Spanish Passive, 183 to 19 ;
ditto Certificates, 16 to 1; Egyptian, 1864, 82 to
84, ex div. ; Mexican, 143 to 15 ; and Chilian
scrip, Ito dis.

The market for bank shares exhibits flatness.
Alliance have declined 10s., viz., to 11 to 101 dia.
Imperial Ottoman are at I; to 11 dis., being
2s. lid. worse ; London and Westminster, 691 to
701 ; Union of London, 371 to 381 ; Chartered
Mercantile of India, 251 to 261 ; and London and
County, 65 to 56.

Financial shares are dull, but the only alters.
tion is a reduction of 2s. Gd. in Credit Fonder,
viz., to 61 to si dia. International Financial are
quoted 2} to 2} dis. ; London, 23} to 22} dis. ;
and General Credit, 2} to 2 dis.
United States 5-20 Bonds have declined } per
cent., the present price being 68} to }, ex div. ;
but Erie and Illinois Central Railway shares are
steady, at 45} to and 77} to 78, respectively.

Atlantic Cable shares are quoted the same as
yesterday—Anglo-American, at 17a to 4, and
Atlantic Telegraph Eight per Cent. Preference,
3a to I.
HILLF-YAST Two o'CLocit.

At Paris this morning the Three per Cent. Rentes
opened at 87fr. 25c. for the account, showing a
fresh decline of # per cent.

HALF-FAST THREE O'CLOCK,

The stack markets remain flat. Consols are at
938 for money, and 938 to 1 for the account, being
fractionally lower than at 1 o'clock.
About 117,0001. in bar gold has been with-
drawn from the Bank for the Continent.
The steamer Douro, for the West Indies, will
take to-day 6501. in gold and GOO/. in silver.

The bar silver by the West India packet was sold
yesterday for the Continent at frs. Otd. per ounce,
showing no change compared witfi the recent
quotation. About 50,000/. in Mexican dollars, by
the steamers La Franco and Fire Queen, were also
disposed of for the same quarter, at 4s. Hid. per
ounce, being id. higher. _ . .

The biddings for bills on India took place yester-
day at the Bank of England, when 10,00,000 rs.
were allotted to Calcutta. The minimum price
was fixed as before at Is. 111 d. on Calcutta and
Madras. Tenders at Is. Bid. on Calcutta will
receive about 80 per cent. • those above that price
will be allotted in full. io tenders for bills on
Bombay were invited. These results show little
change, but, on the whole, it would appear that the
demand for remittance to India is somewhat less
than it was a fortnight ago.

The Crown Agents for the Colonies have invited
the holders of New Zealand Government Eight per
Cent. Treasury Bills, falling due on the 31st De-
cember next, to exchange them for Six per Cent.
Debentures of the General Government of that
colony, having 24 years to run. The proposed
rate of exchange is equal to a price of 1031

for the Six per Cents., and the operation will
be effected by the delivery of a Treasury Bill,
with the final coupon attached for a deben-
ture of equal amount, bearing interest from the
15th December, 1867. It is understood that the
Treasury Bills held in this country, and falling due
at the end of the present year, amount to about
400,0001. ; but, as the proposed transaction will
be merely that of substituting one security for
another, representing the same amount, no addi-
tional capital will be called for, and the only re-
sult will be that of lessening the liability of the
colony to the extent of the difference between the
two rates of interest allowed, or betweeneight and
nine thousand a year.
The directors of the Royal Mail Steam Packet
Company have decided to recommend to the pro-
prietors at the meeting to be held on the 23rd
Instant a distribution for the half-year ended the
30th June last of three pounds a share (free of
income tax), including profit from insurance ac-
count.

At a meeting of the shareholders of the English
and American Bank (Limited), held yesterday, it
was resolved that the undertaking shall be wound
up voluntarily. The directors and Mr. Gray, the
manager, were appointed liquidators, and a sum of
3,0001. was voted as their remuneration.
The fourth instalment of 20 per cent. is to be
paid by the 31st inst. on the Five per Cent. Per-
manent Preference Stock of the Great Northern
Railway Company.
We are requested to state that Mr. A. C.
Sherriff, M.P., has joined the board of directors of
the Russian (Vykaounaky) Iron Works Company
I (Limited).
Subjoined is Messrs. Satterthwaite and Co.'s
report on the market for American securities :

The market for American government bonds in London
has, during the past week, been a steadily declining one,
though the total depression is not more than f to 1 per
cent. Large supplies have been received from New York,
ales there being induoed by the stringency of the money
market, the bonds arriving at • time when political and
financial distrust deters buying. Five•twenty Bonds are
now quoted ex the Ist November coupon ; they close 681
to I, and those of 1865, 66.1 to for end of the month.
Erie share, suddenly advanced 3 per cent., and have re-
lapsed 1 per cent. • we ere without information as to what
caused the rise in New York. Illinois remain steadily
firm. Atlantic and Greet Western Consolidated Bonds
have declined to 1 per rent.

WIDWBDAY EVI:111310.

Consols, which closed yesterday at 93i to 94 for
the 7th November, opened this morning at the
same quotation, and closed at 931 to 1, which was
likewise the final quotation for money. The Three
per Cents. Reduced and New Three per Cents.
were quoted at 3 o'clock 92. The official business
report is as follows :—Three per Cent. Consols, for
money, 94, 31, 4, 32; ditto, for account, 93k ;
Three per Cents. Reduced, 911, 21, 11 ; New Three
per Cents., 92, 11, 21 ; Red Sea Telegraph, 201;
Bank Stock, 252, 50, ex div. ; India Ten-and-a-
Half per Cent. Stock, 223, 1, 3 ; ditto, Five per
Cent., 1131, 141, 131 ; ditto Four per Cent.,
1001, 1 ; ditto Four per Cent. enlaced paper, 881 ;
ditto Five-and-a-Half per Cent., 1091.

MINE&-(THIS DAY.)

thrz oPer.oor"

The market for British mining shares is inac-
tive to-day, and prices generally present no move-
ment. Prince of Wales are quoted 535. to 555. ;
Wheal Seton, 1024 to 1074 ; Marke Valley, 64 to
; East Caradon, 6to ; North Treskerby, 325.
to 345. ; Wheal Grenville, 325. to 34a. ; Chiver-
ton Moor, 54 to 4 ; Clifford, 7to Wheal Basset,
774 to 824 ; South Frances, 36 to ; North Crotty,
31 to 4 ; East Lovell, 84 to 4 ; West Chiverton,
634 to 65 ; East Cern Brea, 24 to 4 ; and East
Russell, 14 to I#.
Very few dealings have been recorded in foreign
and colonial mining shares. St. John del Rey are
at 58 to 60 ; Don Pedro, 2to 24 prem. ; Anglo-Bra-
zilian, par to 4 prem. ; Pestarena, to 4 prem. ;
Chontales dis. to 4 prem. ; Rossa Grande, 4 to
a ; Anglo-Italian, 4to # prem. ; United Mexican, 2
to ; Frontino and Bolivia, 9-16 to 11-16 ; Port
Phillip, 1 to 14 ; and Central American, 4 dia. to
prem.