The Express.
London, England, 1866-04-09 00:00:00

MONEY MA.

ris DAY.)

KC

1031—} id

this o'CLocc.

The doubtful character of the news from Ger-
many continues to have a depressing effect upon
the prices of stooks and shares, which have further
declined in numerous cases. Speculators for a fall
are becoming bolder now that the impression
that the Bank of England rate would be
reduced has diminished. Foreign stocks are
prominently heavy, and have experienced
a fall ranging from to per cent. The
English funds and some of the home railways
are also lower, as well as several of the financial
and discount companies' shares. The reduction in
Consols is it per cent.
The inquiry for money to-day is not extensive,
while the supply seeking employment is rather con-
siderable. The rate for the best paper, however,
is maintained at 5 7-8 to 6 per cent. ,
_ _ _

Consols are now quoted 861 to 3-8, for money,
and 86a to 1 for the account May It).
The foreign stock market as extremely dull, and
most of the speculative securities have declined.
Turkish Bonds of 1865 have fallen per cent.,

Certificates, i ; ditto Passive 3-8 ; and
Greek and Mexican, 1. Brazilian Passive,
how-
ever, is I better, at lf to } dis. The prices
are as follows :—Greek, 13} to 14 ; Mexican,
20} to 3-8 ; Spanish Passive, 26t to 27 ;
ditto Certificates, 15 7-8 to 16i ; Turkish, 1862,
661 to 67} ; ditto, 1865, 351 to 36; Bratzlian
I scrip, n to 4 dis., ex div. ; and Italian, 1861, 561
17 tot.

id

sd
51

171 I

The Viceroy of Egypt's new loan is quoted 1 to
lit prem.
United States 5-20 Bonds are heavy, and have
experienced a relapse of 1 per cent., being now
quoted 711 to 72. Erie and Illinois Central Rail-
way shares are also lower, at 541 to 55 and 84 to
81, respectively.
International Financial shares are now quoted
3-8 to dia. ; General Credit, tto 3-8 prem. ;
London Financial, 4to 31 dis.; Imperial Mercan-
tile, 2 3-8 to 21 dia. ; Credit Fancier and Mobilier,
21 to t prem. ; Overend, Gurney, and Company,
It to 3-8 prem. ; and National Discount, 81 to
prem.
The sum of 15,0001. in gold was sent into the
Bank on Saturday.
The steamer Rhone, for Brazil, will take 8,0001.
in silver and 4,0001. in gold.
The steamer Syria, which left Marseilles on the
sth inst., took 1521. in gold for Alexandria, and
265,2801. in silver for Bombay.
Calcutta advices report a large draught upon the
stock of silver there for transmission to the rice
porta, the demand for which was likely to continue
for some weeks.
The failure is announced of Messrs. Pinto,
Peres, Ashley, and Co. an old and respectable
house in the Spanish trade, with liabilities for
about 300,0001. The liquidation, it is expected, ,
will be rather unfavourable. The partners appear to
have carried on a large business without adequate
capital, and to have locked up their funds in
Spanish securities. They were large importer of
lead from Spain, and exporters thither of railway
materials, chiefly rails, from this country. The firm
have had business relations with M. Jose Campo,
a well-known merchant and financier of Madrid,
who is often oonnected with the government in
their financial arrangements.
In the Express of the 26th ult. we called at-
tention to the largest receipts of American cotton
for any week during several years—viz, 46,409
bales. The fortnight since, however, is marked by
still greater arrivals. For the week ending March
29 they were 59,170 bales ; for the week ending
April 5, 53,575 bales ; in all, 112,745 bales, which,
at the present prices, would produce about 4,250,000/.
It is worthy of remark that the official quotations of
Friday are lower than they have been at any time
since the 25th of August last, when " New Orleans
middling" was at 18d., which is also the present
price. The foregoing figures fully explain the falling
off which has lately been noticed in the remittance
of specie from America to this country. It is evi-
dent that there is little in the way of a balance
for the Americans to pay to us, notwithstanding
the large consignments of goods from this side.
Latterly, the price of United States 5.20 Bonds here
has ruled 2,3, and even 4 per cent. below the New
York quotations, and, under the circumstances, this
may be considered fortunate ; for, were investments
in, and importations of, United States government
paper to be carried on to any important extent, in
conjunction with so enormous an import of cotton,
the probability is that we should have to send gold
to America.
Private letters from Paris state that the losses on
the Bourse have been very severe during the past
month, and that the brokers are desirous of seeing
how their clients will pay up before entering into
fresh transactions. It is anticipated that several
new undertakings of importance will shortly be
brought out on the Bourse, should affairs proceed
smoothly, but it is apparently only the French
market that will be appealed to.
The Continental Union Gas Company have de-
clared an interim
on the 16th i
dividend at the rat
nsta e of 8 per
cent, per annum, payable nt, for
the half-year ending December 31st last.
The share certificates of the Imperial Land Com-
pany of Marseilles (Limited) are to be ready for
delivery on Thursday next, in exchange for the
bankers' receipts and allotment letters.
The second ordinary meeting of the Fairbairn
Engineering Company (Limited) is called for the
18th inst., when a dividend is to be declared.
The annual meeting of the Acadian Charcoal
Iron Company (Limited) is convened for the 16th
inst., at Sheffield.
The receipts of the Grand Trunk Railway of
Canada for the week ending the 17th March were
25,4411. sterling, being 2,2/. more than in the
corresponding week of last year.
The letters of allotment for the second issue of
shares in Reuter's Telegram Company (Limited)
were posted on Saturday evening.
With reference to the newly announced London
and Paris Freehold Estates Company (Limited),
we are requested to explain that the vendors take
60,0001. in shares, which will not participate in the
profits until a dividend of 7 per cent. per an
on the paid up capital has been paid to the
`um
shareholders ; this arrangement to continue for ten
years ; also that twenty hh -yearly interest war-
rants at the rate of 7 per cent. per annum will be
attached to each share certificate, excluding those
taken by the vendors.
A movement is being made by some eminent
City firms to arrange a public dinner to Mr. George
Peabody, as some small recognition of his unex-
ampled munificence towards the poor of this
metropolis. The following letter will lie for signa-
ture at the London Tavern on the 9th, 10th, and
11th instant :
London, 7th April, 1866.—T0 George Peabodb
The undersigned bankers and merchants of the City of
London desire to have en opportunity before your depar-
ture for America of manifesting their sense of the great
benefit you have conferred upon the poor of London, and
their respect for your personal character. They therefore
beg the favour of you to name a day when it would snit
your convenience to meet them at dinner for that purpose.
Travers' Circular gives the following comparison
of the present position of the Bank and the price
of Consols with the corresponding date of last year.
The reduction in Consols is nolessthan 4 per cent.
At pressed. flemedatelastyeer,
Bank coin and bathos 314,251,247 ... 1114,74.,,W9
Bank reserve of notes 6,153,215 ... 7,478,425
Babe of discount 6 par ant. ... 4 ear_stint
Pries of Camas

fisrczasr Evonya.
Consols, which closed yesterday at 861 to 7-8 for
the 9th of May, opened and closed today at the
111111M9 quotation. For gooney the last price
was 85 3-8 to }. The of
bnoinen most
is as follows :—Tf
hres =el Cent. Consols, for
_; for account, 861
'lawy •
"ihi 'per 86
Cents. -Redcoat MI, f ; New "Mee