The Express.
London, England, 1867-01-12 00:00:00

MONEY MARKET.-(TElki DAY.)!

thrs o'Owas.

The fortnightly settlement has commenced to-
day, and, as was expected, the supply of stock is
limited, thus showing that the public are nut
parting with it, notwithstanding the recent great
rise in quotations. The " contangts "
are consequently light, and in smite cases
the speculators fur lower prices ale charged
a " backwardation " for the loan of stock
to the next settlement. Attention being di-
verted to the account, the amount of general
business is not extensive, yet the advance of yes-
terday is well supported. Consols and most of the
foreign bonds are unchanged, but some of the Bri-
tish railway securities have further improved.
Banking and financial shares are inactive.

The demand for money to-day is moderate, and
the supply very large. The rate for choice paper
is 3 per cent., with a drooping tendency. In the
Stock Exchange short advances on English govern-
ment securities are obtainable at 1* per cent.
Consols are now quoted 91*, ex div., for money,
and 91* to 1, ex div., for the ith of February.
The foreign stock market is quiet, with little
business, and the speculative descriptions are
quoted the same as yesterday. Spanish Passive and
Certificates show firmness. Turkish Bonds of 1862
are quoted 53* to 54*, ex div. ; ditto of 1865, 611
to 32 ; Greek, 141 to 1 ; Spanish Passive, 213 to
221; ditto Certificates, 14* to ; Italiaaof 1861, 521
to 33, ex div. ; Mexican, 1i to 18! ; and Rus-
sian Scrip, 11 to 11 prem.

American securities and Atlantic Cable shares
are steady, at the closing prices of yesterday. The
5-20 Bonds are quoted 721 to 3 : Erie Railway
shares, 43 to ; Illinois Central, 80i to 81 ; Anglo-
American, 15i1 to j ; and Atlantic Telegraph Eight
per Cent. Preference, 3i to L.

International Financial shares are quoted 2„
to 21 dis. ; London Financial, 17 to 16 clis. ;
General Credit, 2 to 11 clis.,ex all ; Credit Fancier,
51 to 5 dia. ; National Discount, 9to 1 prem. ;
and Hudson's Bay, 164 to 2, ei die.
We have been requested to publish the follow-
ing communication :

National Discount Company (Limited),
33, Cornhill, E.C., Jan. 12.

Dear Sir,-1 am instructed to call your attention to a
paragraph in the Economist of this date, in which " The
creditors of the National Discount Company (Limited) are
required to send in details of their claims to the official
liquidator by the 2nd of February, as the oth of
February has been fixed for adjudication thereon." With
parties well informed as to the position of the National
Discount Company this extraordinary announcement will
be harmless, but as it may lead the timid and unwary to
a needless sacrifice of their property, we shall be obliged if
you will cause it to be notified on the Stock Exchange
that the paragraph in question is scandalously false as re-
gards this company.—l am, dear sir, yours faithfully,
RICHARD PRICE, Secretary.
M. Slaughter, Fiy., Secretary,
Stock and Share Department, Stock Exchange.

The directors of the Colonial Company (Limited).
have declared an ad interim dividend of ss. per
share for the half-year ending the 31st ult., being
at the rate of 5 per cent. per annum.

Two o'Cut•i.

Consols are fractionally lower, at 901 to 91, ex
div., for money, and 91 to ex div., for the ac-
count.

At Paris thin morning the Three per Cent. Rentes
opened at 69fr. 67c., showing no change of im-
portance.

No bullion was sent into or withdrawn from the
Bank yesterday.
The steamer Masailia will take to-day only 3,3541.
in specie, of which 2,0001. is for Aden anti 1,3541.
for Bombay.
The following Australian gold ships are now on
the way to England, with a total of 491,000/. of
which, however, only about 70,000/. is due :—The
Kosciusko, with 113,500/. ; Chariot of Fame, with
42,0001. ; Giant's Causeway, with 53,500/. ; Sussex,
with 117,0001. ; Star of Peace, with 69,300/. ;
Sarah Once, with 12,0001. ; Ballarat, with 10,000/. ;
and the Suffolk, with 73,5001. The steamer Delta,
which is expected at Southampton on Wednesday
next, with the heavy portion of the Calcutta,
China, and Australian mails, has only 74,000/. on
board, the bulk of the amount which reached Point
de Gabe by the Australian mail steamer having
been diverted to India.

The foreign exchangesyesterdayafternoon showed
again a somewhat unfavourable tendency, espe-
cially as regards bills on Holland and Paris. The
rates were as follows :

Amsterdam, 3 months, 11.184 to 11.19 ; ditto, short,
11.15 to 11.16 ; Rotterdam, 3 months, 11.181 to 11.19 ;
Antwerp, 3 months, 25.373 to 25.40; Brussels, 3 months,
25.374 to 25.40 ; Hamburg_ and Altona, 3 months, 13.8 to
13.81 ; Berlin, Cologne, &c. 3 months, 6.254 to (1%4;
St. Petersburg, 3 months 303 to 303 , Paris, short, 25.10
to 25.20 ; ditto, 3 months 23.324 to 25.374 ; Marseilles,
3 months, 25.35 to 25:40 ; Pra.nkfort-on•the-Maine,
3 months, 1191 to 1193; Vienna, 3 months, 13.35 to
13.40 ' • Trieste, 3 months, 13.35 to 13.40 ; Madrid, 3
months, 473 to 473 ; Santander, 3 months, 48 to 471; Cadiz,
3 months, 483 to ; Seville, 3 months, 483 to 484; Malaga,
3 months. 473 to 471 ; Valencia, 3 months, 484 to 48; Bar.
onions, 3 months, 483 to 483 ; Bilbao, 3 months, 473 to
474 ; Samosas, 3 months, 48 to 471 ; Leghorn, 3
months, 27.5 to 27.15; Genoa, 3 months, 27.5 to
27.15 ; Naples, 3 months, 27.5 to 27.15 ; Palermo, 3
months, 27.5 to 27.15 ; Messina, 3 months 27.5 to
27.15; Lisbon, 90 days date, 513 to 511; Oporto, 90 days
date, 513 to 511.

. _
At Paris the rate of discount in the open mar-
ket is 21 per cent. ; at Hamburg, Frankfort, and
Brussels, 21 ; at Vienna, 5 ; at Turin, G ; at Ber-
lin, 3 ; and at Amsterdam, 4 per cent.
A rumour—which appears to be quite unfounded
—was circulated in the Stock Exchange yesterday
afternoon that the chairmanship of the Great
Eastern Railway Company is likely to be offered
to and accepted by a gentleman whose name is
honourably identified with the restoration of the
finances of India.

The directors of the Union Bank of Australia
have resolved to pay a dividend of 21. 2s. 6d. per
share, being 811 per cent. fur the half-year.
The following official statement, announcing a
proposed dividend on Manchester, Sheffield, and
Lincolnshire Railway stock at the rate of 3 per
cent. per armum for the half-year, was posted yes-
terday in the Stuck Exchange. The distribution
for the corresponding period of 1865 was 3% per
cent. per annum, but the stock closed rather better
than on Thursday, the amount being regarded as
satisfactory, considering the check to trade caused
by the late panic :
The directors announce that the total net profit of the
past half-year's working is 325,73 rd., to which is added a
special item of credit to revenue of 17,860/., making •
total available balance of 343,59.5/. After paying all de-
benture interest and other preference charges a balance of I
78,888/. will be left divisible amongst the ordinary stock-
holders, and the directors will recommend to the proprie-
tors at the ensuing meeting to declare a dividend at the
rate of 3 per cent. per annum, and to carry forward •
balance of 12,982/. to the next half-year's account.
_

At a meeting of the general board of directors of
the Thames and Mersey Marine Insurance Com-
pany (Limited), held in London yesterday, it was
resolved to recommend a payment of 4s. per share
(the same as paid to the 30th June last), being 2s.
per share dividend, ur at the rate of 10 per cent. per
annum, and 2s. per share bonus, making in all 20
per cent. per annum on the paid-up capital of the
company for the year 1866.
Mr. William McArthur, of the firm of W. and
A. McArthur, has been elected, subject to confirm-
ation by the shareholders at the general meeting
on the 15th inst., to a seat at the board of the City
Bank.
An extraordinary general meeting of the Egyp-
tian Commercial and Trading Company (Limited)
is called for the Ist February at the London
Tavern.
The Caledonian Railway traffic return shows
this week a decrease of 901/.
The annual meeting of the National Freehold
Land Society is called for the Ist February.