The Express.
London, England, 1866-04-21 00:00:00

MONEY MARKET.—(THIS DAY.) I unaltered, the March being
and the June, sa. (lie. to par.

Oirs o'CLoci.

The announcement in a contemporary this morn-
ing that the quarrel between Austria and Prussia
has assumed a serious aspect, had a depressing
effect upon the stock and share mazitsta, which
opened at a general fall. A reaction has since
occurred, yet prices in many cases are below those
last current yesterday. The first price of Consols
showed a reduction of per cent., and the present
quotation is about lower. The decline in
foreign stocks ranges from to a per cent., the
most important movement being in Turkish of
1865 and Italian of 1861. The fall in British rail-
ways is not general. Financial, discount, and bank
shares are dull. -

The discount market is quiet to-day, and the
supply of money large. No transactions in choice
bills, however, are reported below 5} per cent.
The rate in the Stock Exchange for short loans on
English goverment securities is 4 per cent.
Consols are now quoted 87 to 1 for money, and
87} to for the account (May 9).
Foreign stocks are flat, and the general course of
prices is rather unfavourable. Turkish Bonds of
1865 show chief heaviness, and have declined g
per cent. Italian of 1861 have also receded 1 per
cent. ; Spanish Passive and Certificates 1, and
Mexican and Greek 1. The prices are as follows :
Greek, 12/ to 131 ; Mexican, 201 to 1 ; Spanish
Passive, 251 to 1 ; ditto Certificates, 151 to 1 ;
Turkish, 1862, 66 to 68 ; ditto, 1865, 34 to f ;
Brazilian scrip, 21 to 2 dis., ex die. ; and Italian,
1861, 5311 to 541.
United States 5-20 Bonds are rather lower at 69}
to 70/, and Erie Railway shares at 521 to 53. Illi-
nois Central, however, are steady, at 80 to 1.
The scrip of the London, Chatham, and Dover
Railway Company is quoted / dis. to 1 prem., and
the Viceroy of Egypt's Loan, If to 11 prem.
International Financial shares are now quoted
1 to 1 dis. ; General Credit, par to 1 prem. ;
London Financial, 4} to 3} die. ; Imperial
Mercantile, 2/ to n di.. ; Credit Fonder and
Mobilier, 11 to 11 'prem. ; Overend, Gurney, and
Company, 1/ to 1 die. ; and National Discount, r
to 8 prem.

Two o'CLocw.
Consols are ?, per cent. better, at 87i to I for
money, and 871 tog for the account.
At Paris, this morning, the Three per Cent.
Renter opened at 67fr. 55c., showing a decline of

per cent.
In the absence of demand for the East the silver
market continues extremely flat, and the quotation
for bars has further declined id., viz., to ss. lid.
per ounce.
The foreign exchanges yesterday afternoon were
somewhat better for this country than on Tues-
day, being as follows :
Amsterdam, 3 months,l2.ol to 3 ; ditto, 3 days, 11.17 to
a ; Rotterdam, 3 months, 12.01 to a ; Antwerp, 3 months,
25.40 to 45 ; Hamburg, 'banco, 3 months, 13.9 to a ;
Paris, 3 days, 25.10 to 9J) ; ditto, 3 months, 25.375 to 45 ;
Frankfort-on-the-Maine, 3 months, 120 to A ; Petersburg
per rouble, 3 months, 285 to d ; Vienna, etf. flo., 3 months,
10.95 to 11; Trieste, ditto, 3 months, 10.95 to 11; Madrid,
3 months, 461 to 7 ; Cadiz, 3 months, 47a to ; Leghorn,
3 months, 25.80 to 90 ; Genoa, 3 months, 25.80 to
90 ; Milan, 3 mouths, 25.80 to 90 : Naples, 3 months,
25.80 to 90 ; Palermo, 3 months, 25.80 to 90 ; Messina,
3 months, 25.80 to 90 ; Lisbon, 90 days, 51i to j ; Oporto,
51a to 4.
The weekly return of the Bank of France shows
the following changes :
Coin and bullion lncrease £268,000
Hills discounted
Government deposits lncrease 80,000
Notes in circulation
Private deposits
Advances
The chief movements here shown are the exact
reverse of those presented in the weekly return of
the Bank of England, the coin and bullion and dis-
counts in Paris having both increased, while here
they have declined.
At Paris, the rate of discount in the open mar-
ket is 3i per cent. ; Vienna, Amsterdam, Hamburg,
and Berlin, ri ; Turin, 6 ; Frankfort, 5 ; Brussels,
4 ; and St. Petersburg, tiri per cent. The average
rates on the continent are still below ours.
It is understood that negotiations arc in progress
for the transfer of the business of Barned s Bank-
ing Company to another bank in Liverpool, with a
view to some assistance being afforded to the cre-
ditors. Proposals in this sense, made to the Na-
tional Bank of Liverpool, are stated to have been
refused. The liabilities of Darned's Banking Cora-
-1 pang appear to reach about 3,500,0001. Amongst
the shareholders are most of the late directors of
I the Joint Stock Discount Company. Meanwhile
the books are being investigated by Mr. John
Young, of the firm of Coleman, Turquand, Youngs,
and Co., and his report is awaited with sonic
anxiety. The following circular has been issued:
Liverpool, April 19.
We deeply regret to inform you that, in consequence of
the stoppage of our usual facilities in London, we have
been compelled temporarily to suspend our payments. We
shall take the earliest opportunity to inform you what
course we propose to adopt under the painful circum-
stances.—N%'e are, sir, yours faithfully, for the directors,
Tens. GoornEn, manager.
We understand that the directors of the Mer-
cantile and Exchange Bank have determined to
close their London establishment, and that the
National Provincial Bank of England will in future
act as agents of the bank here.
The City of Milan Improvements Company have
made a call of 5/. per share, payable on or before
Thursday, the 17th proximo.
The Caledonian Railway traffic return shows this
week an increase of 1,5551. over last year.
The London, Chatham, and Dover Railway traffic
return, including the Metropolitan Extension
and branches, shows this week a decrease of 1,1101.
compared with last year ; the Metropolitan Exten-
sion a decrease of 5321. ; and the Kent Coast a
decrease of 5601.
The Australian mail has arrived at Point de
Galle, and is due in London about the 13th of May,
together with the Calcutta and China advices.
The directors of the Credit Foncier and Mo-
bilier of England (Limited) have just issued their
report, in anticipation of the half-yearly meeting
convened for the 25th inst. As usual with this
company's reports, it is a complete and elaborate
statement, and cannot fail to be regarded with
great satisfaction by the shareholders, especially at
a moment when the whole shareholding class is so
anxious for reassuring statements from those to
whom they have entrusted theirinterests. One of the
features of the present report is the wise limitation
of the bonus to 10 per cent. per annum, instead of
20, as hertofore, but, as the dividend is maintained
at 20 per cent. per annum, the total distribution
still amounts to 30 per cent., which surely is suffi-
cient for any shareholder, however exacting. The
facts that this dividend and bonus together will
absorb only about one-half the amount of the ba-
lance of profit and loss account ; that the
" dividend reserve fund's to be increased from
100,0001. to 150,0001. ; and that the balance-
-86,606I—is1—is to be carried forward, are also remark-
able. The reserve funds and undivided profits
represent together no less than 736,6061. The com-
pany's liabilities to the public are small, and some
prudent provisions with regard to the taking of
deposits are laid down in the report.

FRIDAY Evrtnia.
Consols, which closed yesterday at 87 to * for the
9th of May, opened this morning at the same
quotation, and closed at 87g. For money the last
price was 87* to g. The official business report
is as follows :—Three per Cent. Consols for mo-
ney, 861, 2, 71 • ditto, for account, 861, 74, ;
Three per Cents. Reduced, 851, 4, ; New
Three per Cents., 85, 4,1, ,*, ; ditto Two-and-
a-Half per Cents., 681 •, Annuities, 1885, 13 3-16 ;
India Stock, 212, 10 ; ditto Five per Cent., 106*,
f, 4; ditto Five per Cent. " exifaced" rupee
paper, 102.
A arther decided rise has taken pin the lace
India Five per Cent. Stock. Exchequer Bills were

8.. to 34.

MINES.-(THIS DAY.)

Own o'CLocw.
The mining market continues inactive, with
very few transactions. Some of the present prices
are as follows Chiverton Moor, 54 to I ; East
Grenville, 21 to 3 ; West Beton, 130 to 135 ; East
Basset, 17 to 19; Great Laney, 2011 to 214 ; Great
North Laney, 11 to 2 ; West.Caradon, 9 to 4 ; said
West Chiverton, 73 to 75.
Frontino and Bolivia and Chontales shares are
steady at par to prem., and It to 14 prem., re-
spectively. Mineral Rights are quoted 11 to if
prem.
The subjoined weekly report on the metal market
is from the circular of Mews. von Dadelszen and
North :
There has still been a depressed state of things in Me
metal market during the pain week, though, owing to the
more pacific appearance of oontinental politics, a mere
hopeful feeling appears to be springing up. lam—Busi-
ness in manufactured iron, both in Wales and Stafford-
shire, has somewhat improved, end prices are fairly main-
tained. Scotch pig iron continues very firm, end prima
are expected higher. A. great deal of iron has been called
up for the 20th instant, and considerable anxiety is mani-
fested as to the result. After touching 60s. cash, the
market closes at 775. cash. Copper.—English raw and
nann-
t ured is obtainable under smelters' quotations. Business
in foreign isaslack, and quotations nominal. Burrs, 921.
Walleroo, OH. Chili bars, in Liverpool, 821. ; and ingots,
87!. Tim—The downward tendency has made further
program, and Straits tin has been sold at SOL, immediate
cash. Three vessels having just arrived with about 600
tons of tin have depressed prices ; Basica nominally 831.
English tin has been done 51. per ton under smelters gm-
tattons ; Banat, in Holland, 476. Tin Plats:o.—nm
demand is rather weaker, and prime from America coma
lower. Lead is without change in value. Spelter.—The
market is much influenced by the different rumours from
Germany. One day buyers predominate, and next day
everyone wants to sell. The nearest quotations are
241.5 a. cash, and forward, 241. 2s. (11. Special brands in
outports fetch 241. 7s. 6d. to 24/. 10s. Quicksilver is
reduced to 71. per bottle.