The Express.
London, England, 1867-11-18 00:00:00

MONEY AlLittlf B --(17118 DAY.)

Chu o'Cisons.

The English finitix are steady, at the closing
prices of Saturday, s 'Ulf moderate purchases having
been made for i”.relttnent. Foreign bonds are also
in :aired fir. with the exception of Egyptian,
which have ,;'.vezi way upon the Announce-
ment that bills to a considerable extent
have been pr ,tested in connexion with,
the Daira, or privy purse, of the Viceroy.
Rnilway stocks at sti!: freely offered by specula-
tors, and have flirt:4 receded. Caledonian is
rnatinently and exhibits a fresh fall of 24
per cent. It i 3 stated that a large amount of the
stock of this Lee will be delivered at the next
settlement by Li-a: writ in the absence of fresh
" cover" from partici, to whom they originally'
rnade advance. In other securities there is no
movement of iniportance, the transactions being
upon a very lintitei stale.

In the disco•:nt market to-day the rate for the
best bile is firm. .t 1 to 12 per cent., with an up-
ward tendency.

Consols are grated ^V, to with div., for money,
and 93 to L tr.v.. for the account (Decem-
ber 5). The Three Cents. Reduced and New
Three per Cents. steadiness, at 9n to
__

A further redn.:tion is observable in home rail-
way stocks. Caledonian is extremely heavy, and
has fallen 2':f pct. ccut. Great Northern A hai
declined 1 ; Midland. 2 ; and some of the other
lines } to }. Th•e quotations are as follows :
Metropolitan, to i ; Great Western, 44
to 4Lr ; Londoi: and North Western, 1121 to
113 ; Midland, 114:,! to ; Lancashire and York-
shire, 1201 to 1 : Caledonian, 72} to 1 ; South
Eastern, 63,1; to :,;;; ; Great Eastern, 30 to } ; (hear
Northern, 10. i to 1010; ditto A, 1101 to 111 ; Lon-
don, Chatham, and Dover, 171 to „ ; North
British, 324 to 21 ; and Brighton, 511 to 52i.
Indian stocks are inquired for. The Five per
Cents. are at 11G to and the Four at 100 to
104.

Egyptian Bowls have declined Ito 2 per cent.;
but other foreign stocks are firm, and exhibit a
rise of kto per cent. in several cases. Turkish of
of 1862 are at 61!.f to 621; ditto of 1865, 22 to k ;
Creek, 11} to 12 ; Spanish Passive, 20a to ;
ditto Certificates, 111 to 2 ; Italian of 1861, 45i to
; and Mexican. 14i to 15.

The scrip of the new Honduras Loan has de-
clined I per cent., the present price being par to f
prem.

- United States .5-20 Bonds and Illinois Central
Railway shares havo improved 4 to f per cent.,
via., to 702 and Sis to respectively, but
Erie are with att variation, at 47f to 484.
Anglo-American Telegraph shares are quoted
184 to and Atlantic Telegraph Eight per Cent.
Preference 31 to 4, showing no change.
Bank shares are unchanged, apart from a rise of
101. in Alliance—viz., Ilfe to IQ', die. London
and Westminster are quoted 69 to 71 ; Union of
London, 34i to .15! ; Imperial Ottoman, 2to die. ;
and London and County, 50 to 111.
The shares of the Financial companies present slo
movement. International, 2i to 21 die. ; London,
24 to 23 die. ; General Credit, 24 to 2 die. ; and
Credit Foncier. 61 to Q. dis. _

Harr-rAwr ONE O'CLOCK.

Consols are rather flatter, and have receded
to / per cent. since 1 o'clock. The present quota-
tions are 94.! to 4, with div., for money, and 92
1.7..-113 to 93 1-10, ex div., for the account.
The fall of 40 per cent. in Caledonian stock
within a few weeks naturally begets distrust of
the solidity of other railway undert-iiirgs. It
is not too mecli to say that a deepening feeling of
pu'ulic anxiety prevails throughout the country, for
our railways are our great home investment, and live
hundred millions of property is being seriously de-
preciate; and jeopardised. The mere fall in price is
enough to arrest the attentionof even the most incon-
siderate investor. A thousand pounds in Caledonian
stock, which very recently represented 1,1601. to
1,200/. in the market, is now worth only 7501. ;
and no railway proprietor can feel sure that his
property is ex,mpt from the elements of deprecia-
tion. It is believed that there are few railway
companies that have not been great sinners as
regards charging capital with expenditure which
ought to Le met from revenue. For this state of
things directors (led shareholders are alike blame-
able—the former for declaring, and the latter for
sanctioning, rates of distribution in excess of ,what
has been really earned. Before this property can
regain its rightful position the public must be
assured that railway dividends represent real net
income and nothing else, and ;the sooner the pro-
prietary body take their affairs in hand in such a
way as to inspire this confidence the better it
will be for the railway interest, both now and in
the future. _ _

Sydney advices report the sailing of the Nineveh
for London, with 38,5001., making the total
amount of Australian gold on the way hither, in-
cluding the sum previously referred to, 268,0001.
The traffic ret:ru of the Great Westc: Railway
of Canada for tho week ending tho Ist inst. shows
au increase of 2,7211, over last year.

SATURDAY EVLNIRCi.

Consols, which closed yesterday at 93, ex div.,
for the sth December, opened and closed to-day
at 93 to 1. Fur money the last price was 54
to 1 with div. The Three per Cents. Reduced.
and New Three per Cents. were quoted at
o'clock 9ntol. The official business report is
as follows :—Three per Cent. Consols, for money,
1 ; ditto, fur account, 931, ex die. ; Three
per Cents. Reduced, 921, ; New Three per
CAnts., 921, 1 ; India Five per Cent. Stock, 116,
1611 ; ditto Four per Cent., 100, ; ditto Four
per Cent. " enfaced " rupee paper, 8154.
The demand for the Indian Government Five per
Cent. Stock continues, and the last transactions
recorded were at 114.
Exchequer Rills remain at 28s. to 3K prem.
Them was little business in foreign stocks, and
prices generally closed the same as yesterday.
Some of the k:gyptian bonds declined 1 per cent. ;
Greek, 1 ; and Turkish of 1865, 1 ; Spanish
Deferred Three per Cents. rose 1.
The scrip of the Honduras Government Railway
Loan dosed at to prem.

NINE&-(THIS DAY.)

Oirs o'Oloos.

There is a fair amount of business in the mining
market to-day, and prices show firmness :—Prince
of Wales shares are quoted 535. to 545. ; East Cant
Brea, 2to 21 ; Clitf mid, 62 to ; Great V0r.17,1! to IS ;
North Treskerby, 34a. to Ws. ; North Crofty, to
3 ; Wheal Trelawney, 6 to 7 ; East Lovell, 81 to I;
West Great Work, 34 to 2 ; Great Retallack, k 4 to
31 ; and East Caradon, 6f; to 2.
Foreign and colonial mining securities exhibit
no change of importance. The shares of the Chou-
tales Company are flat at lf to 1 0v....ng to the
announcement of the death in Nic.ingua of their
Chief Commissioner, Sir Charles Kirkpatrick. In-
formation direct from the mines is expected to be
received by the steamer Douro, now due at South-
amption from the West Indies. St. John del Rey
are at 59 to 61 ; Don Pedro, 2 to 21 prem. ;
Anglo-Brazilian,hii par to prom. ; Pestarena, par
to prem. ; Anglo-Italian, to 2 prem. ; Port
P • .p, 11 to . dis., ex ; United Mexican,
lit to 2 ; and Central Americana din to par.