The Express.
London, England, 1867-10-28 00:00:00

MONEY MARKET.-(THIS DAY.)

Ow' o'OrAmn.

Notwithstanding the apparently serious character
of the news from Italy, most of the markets for
public securities are rather firm to-day. It is
amoned that the despatch of the French troops
to Rome may lead to an early solution of the exist-
ing difficulties, and to a satisfactory revision of
the September Convention. Consols, which opened
at a reduction of 4 per cent., are now 4 better than
on Saturday. A similar advance has also occurred
in the Three per Cents. Reduced and New Three
per Cents. Italian Bonds of 1861 were tint widely
quoted 43 to 44, but have since improved. Some
of the other foreign securities are likewise higher,
but home railway shares have given way,
though not to an important extent. The amount
of business generally is not very large, attention
being directed to the fortnightly settlement, which
has just commenced.

The applications for discount are still upon a
very limited scale, and the rate for choice bills is
without change. Short advances on English
government securities are obtainable in the Stock
Exchange at 1 to li per cent.

Consols are quoted 941 to g both for money and
the account (Nov. 7), and the Three per Cents.
Reduced and New Three per Cents., 921 to ;.
The railway market is flat, and a reduction of
to 1 per cmt. has taken place in most of the prin-
cipal stocks. Subjoined arc the quotations :
Metropolitan, 122 to ; Great Western, 44; to 1 ;
London and North Western, 113 to ; Midland,
117 A to T.: ; Lancashire and Yorkshire, 1261 to 2 ;
Caledonian, 912 to 92} ; South Eastern, 66;-: to ;
Great Eastern, 32A toy ; Great Northern, 109 to
110 ; ditto A., 114} to 115 ; London, Chatham,
and Dower, 17:1 to ; North British, 321 to 331 ;
and Brighton, 5 to 53k.

Italian Ponds of 1861 were heavy this morning,
but are now in request, at an advance of 4 per
cent., the present price being 441 to 4. Several
other stocks have risen to 4 ; Turkish of 1862
are quoted 63 to 64 ; ditto of 186:.1, 3'l to 32 ;
:reek, 12rg to ; Spanish Passive, 181 to 101
ditto Certificates, 16,1 to ; Chili= Scrip, 1 to
01 dis. ; Egyptian, 1864, 82 to 83 ; and Mexican,
144 to 15.

United States 5-20 Bonds have improved per
cent., viz., to 691 to ; Eric Railway shares are
I; better, at 46% to 47, but Illinois Central are
unchanged, 78i to 79.

Anglo-Ainerican Telegraph sharee have declined
2e. 6d., vir., to 1i & to / ; but Atlantic Telegraph
Eight per Cent. Preference are without variation,
at 31 to I.

Bank shares have been dealt in to a moderate
extent at steady quotations. London and West-
minster are at 70 to 72 ; Union of London, 37i to
33k; Imperial Ottoman, 1 to ltl dis. ;
12 to 11 dia. ; Oriental Corporation, 44 to 45 ; and
London and County, 54i to 55i.
Financial shares are inactive, at the following
prices :—lnternational Financial, 24 to 21 dis. ;
London, 20 to 24 dia. ; General Credit, 2i to 211 z
dis. ; and Credit Fonder, 0I to 61 die.
The half-yearly meeting of the Trust and
Agency Company of Australasia (Limited) will
be held on the 11th of November, for the purpose
of declaring an " ad interim" dividend for the six
months ending .June last.

HALT-TAST THREE O'CLOCK.

Consols remain firm, at 941 to 11, both for money
and the account. Most other securities also meet
with inquiry.

About 7,000/. in gold has been withdrawn from
the Bank for exportation.

At Paris this morning the Three per Cent. Itentes
opened at 68.72 for the accimat, showing a rise
of 1 per cent. compared with Cie last official price
of Saturday.

About 23,000(. in bar gold was withdrawn from
the Bank on Saturday for the Continent.

The steamer Delta takes tad:: 165/. in silver for
Bombay.
A list of the principal advances made by the Royal
Bank of Liverpool has been received in London.
It amounts in the aggregate to 670,0001., divided
amongst eight firms. Amongst them is that of a
directorfor 40,000/. , and a connexion of the manager
for 84,000/. The largest shareholders in the hank are
two ladies, holding, it is said, 12,000 shares ;
another lady is inscribed on the register for 2,000,
and a Liverpool merchant for 4,000.
The report of the directors of the Great Indian
Peninsula Railway Company to be presented at
the half-yearly meeting on the Ist Nov., is of an
unusually interesting character. The net receipts
of the half year amounted to 530,5681., being at
the rate of 61. 9e. per cent. per annum upon the
sum of 16,443,4141., which was the total paid-up
capital of the company on the 30th June, but upon
the estimated amount of capital expended on the
852 miles of railway actually open, with rolling
stock, &c., the net receipts are equal to a return at
the very satisfactory rate of DI. 13a. 441. per cent.
per annum. The surplus profit of the half-year,
over and above the guarantee, is thus 132,1151.,
one half of which would be equal to about
10s. per cent, on the share capital to
the 50th June last, but it is intimated
that " her Majesty's Secretary of State for India
being unable, in the absence of sufficient informa-
tion from India, to arrive at a decision as to the
appropriation of the net receipt of the half-year,
the board are not yet in a position to make any
proposal regarding it." The report then proceeds
to refer to the recent accidents to trains, and to
the defects which have become apparent in some of
the works. A strict examination has been made at
the instance of tho Bombay government, and the
requisite measures are being adopted to place all
the works in a solid condition. With reference to
the defects of the more recently opened portions of
the Nagpoor branch, the original contractors are to
be held responsible. The satisfactory announce-
ntont is at the same time made that " the board
have arranged with her Majesty's Secretary of
State to create a permanent debenture stock, bear-
ing
guaranteed interest at a rate not exceeding 5 per
cent. per annum, with which to replace terminable
debentures as they fall due."
The stock and *bare certificates in respect of the ,
new capital of this company will be ressly for iaaue,
in exchange for the bankers receipts, on the 18th
November.

The half-yearly report of the directors of the
West Flanders Railways Company shows a balance
of 7,5141., out of which it is proposed to declare a
dividend of ss. per share, payable on the 15th
November, and to carry forward a balance of
824!.

An extraordinary general meeting of the Great
Eastern Railway Company is convened for the Bth
November, to take into consideration the present
constitution of the board of directors, and the pro-
priety of altering it. It is ales) proposed to
" authorise an application to parliament to confirm
terms of arrangement with the Northern and
Eastern Railway Company and the proprietors of
the East Anglian Stock for the repealing of their
respective privileges of appointing directors of the
Great Eastern Railway Company as representatives
of and from those bodies."
_ .

The traffic receipts of the Erie Railway Company
for the month of September were 1,444,745
dols., against 1,416,101 dols. in September last
year, thus showing an increase of 28,643 dols.
Creditors of the Bombay City Bank (Limited)
are required to send the particulars of their claiats
to the liquidators at Bombay by the 14th
December. . .

An improvement in the iron trade is referred to
in the following terms in Rylancra Circular:

The iron trade generally this week—we are speaking