The Express.
London, England, 1867-06-06 00:00:00

IrreszAss.

Cash
Private accounts . .
DECREASI

Bills discounted . .
Notes
Advances
Treasury balance . .

MONEY MARKET.-(TRIG DAY.)

0,1 o'OrApos.

The dealings in the stock markets still show a
priponderanee of sales, and prices have again given
way, though not to any important extent. The
orders to buy are upon a limited scale, while stock
purchased at lower quotations continues to be
offered for sale. The transactions, however, are
not very numerous. Attention is directed to the
monthly settlement in Consols, which has been
attended with the failure of another operator
I for the fall. The speculative " differences"
on this stock become payable to-morrow,
and heavy losses have been sustained by several
of the large speculators in their recent operations.
The English funds have declined 1 to per cent.
Most of the speculative foreign securities are lower,
but home railways, with two or three exceptions,
are quoted the same as yesterday.
The discount market is quiet, with only a limited
amount of business. The rate for the beat paper
.2/ per cent., but a few transactions are still
reported at 2!. The charge in the Stock Exchange
for advances for a few days on English government
securities is 1 per cent.
Consols are now quoted 94!., to 1, ex div., for
money, and 94k, ex div., for the new account
(July 10) ; and the Three per Cents. Reduced and
New Three per Cents., 93g to
Foreign stocks are flat. Turkish Bonds of 1862
have declined per cent.; Italian of 1861, ;
and Turkish of 1865, and Spanish Passive, 1.
Turkish Bonds of 1862 are quoted 59f to 60i ;
ditto Five per Cents. of 1865, 331 to ; Greek,
151 to 16 ; Spanish Passive, 24g to ; ditto Certifi-
cates, 15j to if' ; Italian of 1861, mi to 52; and
Mexican, 17 to 1.
The only movement in financial shares is a rise
of 2s. 6d. in Credit Foncier, viz., to 41 to die.
London Financial are quoted 18 to 17 dis.; General
Credit, 1,1, to 1 dis ; and International Financial,
14 to dia.
Bank shares are firm, with a rather large amount
of business. Consolidated are quoted 14 to 11,
prem., being firm ; London and Westminster, 108
to 110 ; Union of London, 45 to 46 ; Alliance, 7 to
6 dis. ; and Imperial Ottoman, par to 1 prem.
United States 5-20 Bonds and Erie Railway
shares are unaltered, at 721 to 73 and 394 to 40,
respectively ; but Illinois Central are 4 worse, at
781 to I.
Anglo-American and Atlantic Telegraph Eight
per Cent. Preference share' are steady ; the former
are quoted 181 to 4 ; and the latter, 4.11 to
The government broker bought yesterday 16,0001.
New Two-and-a-Half per Cents. for the Sinking
Fund, at 761, ex div. By buying this security,
government extinguish a large amount of nominal
capital by the application of a comparatively small
sum of money.

HALF-PAST THRICE O'CLOCK.

The stock markets are generally better, owing
chiefly to the improvement in the weather. Con-
sols have advanced per cent., the present prices
being 94g to ex div., for money, and 94t0 ;i,
ex div., for the account.
About 48,0001. in gold has been sent into the
Bank.

At Paris this morning the Three per ('ent.
Rentes opened at 70fr. 35c. showing no change.
We learn from Constantinople that a decree
respecting the enfranchisement of some of the
crown lands has appeared, which will materially
add to the resources of the treasury for the next
four or five years. The increase during this pre-
sent year will be, it is said, about 3,000,000: This
news is of importance to the holders of Turkish
Bonds, whose dividends, it may fairly be assumed,
will thereby be better secured.
About 48,0001. in gold was taken to the Bank
yesterday, making a total of 387,0001. for the week
since the last return, while in the interval there
have been no withdrawalsi for export.
The Saxonia, from New York, has brought only
6,0001. in specie.
The biddings for bills on India took place yester-
day at the Bank of England. The amounts al!..tted
were :—To Calcutta, 12,48,000r5. ; to Madras,
1,75,000r5. ; to Bombay, 5,85,000r5. The minimum
price was fixed as before, viz., at Is. Ilid. on all
the presidencies. All tenders at and above the
minimum will receive in full. It appears from
these results that the demand for remittance to the
East continues sluggish.
The London and North Western Railway traffic re-
turn shows this week an increase of 2,469/. over the
corresponding period of 1866, and the Midland an
increase of 10,3531., 8,735/. of which is in the goods
traffic, the goods traffic receipts for 1866 being for
Whit-week.
_ _

A circular just issued by the directors of the
London and Westminster Bank states the follow-
ing as the "terms and conditions proposed for the
issue of 50,000 new shares of 1001. each :"
1. The new shares to be issued at • premium of 101. per
share, and allotted in the proportion of one new share for
every share held by each shareholder on the register on
the 31st day of July, 1867. 2. Any shareholder who is
not desirous of taking up hie allotment of the new shares
may substitute some other person or persons. 3. The sum
of 301. per share (namely, M. per share in part payment of
the capital of 100/. per share, and 101. per share premium)
to be paid by instalments as follows:-101. on the 14th
August, 1867 ; 51. on the 14th February, 1868 ;W. on
the 14th August, 1868 ; 101. on the 16th November, IBGB.
On payment of the first instalment, scrip will be issued
, =Lintereat at the rate of 5 per cent. 4. From and
e 31st December, 1866, the holders of the new
shares who have paid up the said sum of 30/. per share,
and executed the company's deed, will participate in
future dividends on an equality with existing shareholders.
5. The directors may forfeit shares in respect of which an '
of the foregoing conditions are not fulfilled, together with
all money paid and interest thereon, and sell such shares,
applying the proceeds of such sale and any money so for-
feited, 201. per share to capital, 10/. to the reserved fund,
and the surplus to the credit of profit and loss.
Creditors of the Staffordshire Rolling Stock Com-
pany (Limited) are required to send the parti-
culars of their claims to the liquidators by the 6th
of July.
The subjoined report on the market for American
securities, is from the circular of Messrs. Satter-
thwaite and CO. :
There has been since our last of this day week a con-
siderable amount of business transacted in American secu-
rities on the Loudon market, and up to Monday last prices
of United States 5-20's showed an advancing tendency.
From the highest point reached, however, there has been
• slight reaction, and they close at 72) to 721 for the earlier
inane, and 701 to 711 for the 1865 Bonds. Illinois shares
on higher quotations from New York, and in prospect of
approaching dividend, have advanoed 2 dole_ viz., to 78;
to I, at which they are firm. Eries, which have not been
well sustained, leave off 391 to 40. On • renewed inquiry
for Atlantic and Great Western Consolidated Bonds they
have advanced to 244 to 251, after having touched
Certificates of debenture, at 31 to 32, are 1 per cent. higher.
Illinois Seven per Cents. and Erie Third Mortgage have
both advanced 2 dole., and Pennsylvania Sterling Londe
also show a rise of 1 per cent.

Thu annexed on the hide trade is from a circular
issued yesterday by Messrs. T. Y. and T. Powell :
In the month of May, the period of *ark harvest, the
supplies of leather are 1.1:lilY to smug extent limited.
Such has been the case ilurin4 the pest_ month ; the ab-
sence of some articles Ito diminished the amount of busies
done, and has also prevented any great accumulation of rho
stocky of other goods that. are not at poWnt much in re-
quest. Prices have been nearly uniform with those of the
previous month. How far the great abundance of money and
low rate of discount arid affect our maript it is not easy to
say, but it is obvious that the development of business ia
every branch, to which the resent position of the money
market most lead, canr ot leave the lasillier market entirely
uninfluenced. In raw goods there hes not been welt
activity, although the 6-st arrivals from River Plate have
given additional importance to the imports of the month.
The sales, however, be' e been to nearly in average exttnt,
and show an advance on Australian bidet. The stocks in
general are moderate. At Leadentiall yesterday the sap-
ply of fresh leather was again short, particularly the I. ti-
ldes of prime English butts 241 b. to 401 b., and English
bellies. The general demand was somewhat limited, and
prices unaltered.