The Express.
London, England, 1866-07-18 00:00:00

MONEY MARKET.-(TIiM DAY.)

Own o'Cusen.
The dealings in the Stock Exchange continue •
upon a very moderate scale and the variation,
in prices generally to-day are few and ununpor-
tent. The fund* are steady, at the closing
quotations of yesterday. Foreign stocks are again
slightly better in sontereassa, bat Inglish railways,
show flatness, owing to the reported inability et:.
several companies to get their debentures renewed.
Bearing in mind the rate of interest allowed by
'them (5 per cent. per annum) this is not surprieine
in the existing state of the money market. Babb-
ing and financial shares are withotit.' abhor of im-
portance. •
The discount market is quieter to-day, and good ,
bills are rather freely taken at 1 per cent. below.
the official rate. The supply of money is lug%
owing chiefly to the moderate extent of the rig,
payments to the Bank of England by the diseounie
houses and brokers.
Consols are now quoted 874 to I for money,
and 884 to f for the aceormt (Angust V).
There is not much business in foreign stocks, but
prices are rather firm. Turkish of 1866, Scanishl
Passive, the Committee's Ceitificates, and Mexican
are in request, and have risen }to per cent.
Italian Bonds of 1881, however, have declined 4.
Turkish Bonds of 1862 are now quoted 50 to
62, ex div. ; ditto of 1865, 25} to ; Greek, U
to 12 ; Spanish Passive, 194 to I ; ditto Certificates,
154 to ; Italian, 1861, 52 to 4, ex div. ; Bran-
ban scrip, 34 to 3 dig. ; and Mexican, 154 to 4.
American securities are steady, at the advance
of yesterday. 5-20 bonds are now quoted 684 to ;
Erie Railway shares, 424 to 434 ; and Illinois
Central, 77 to 4.
International Financial shares are now quoted
2 to 14 dia. ; London Financial, 12 to 11 dia. ;
General Credit, 2to 14 dig. ; Credit Fourier,
} to ; and National Discount, 13 to 4'
prem.
About 52,000 sovereigns from Alexandria were
sent into the Bank yesterday, while 20,0001. in bars
and 19,000 sovereigns were withdrawn for the Con-
fluent. The latter are for Belgium. The demand
for gold for transmission abroad continues strong,
and the whole of the recent arrivals will be sent
away.
There is no demand for silver, either for the But
or the Continent, and the price for bars is flat, at
ss. 1 7-16 d. per ounce.
The Union Bank of Australia have just imued
the advertisement of tenders for the balance of
the Queensland Six per Cent. Loan authorised in
1864. The debentures now offered amount to
446,3501., and tenders are to be lodged at the bank
by the 27th inst., when they will be opened and
the result declard, provided they are not under
the fixed minimum which will be then announced.
The six per cent. interest accrues from the let inst.
The Court of Chancery has dismissed, with
costs, an appeal from arecentdecision of Vice-Chan-
cellor Wood, striking off the name of Mr. Stewart
from the list of shareholders of the Russian Iron-
works Company (Limited). The circumstances of
this case deserve the attention of all shareholders
in joint-stock companies.
The Metropolitan Railway traffic return shows
this week an increase of 1,3281. over the corre-
sponding week of 1865 ; the South Eastern, an in-
crease of 1,2981. ; and the Glasgow and South
Western, an increase of 2431.
At the meeting yesterday of the English and
Foreign Credit Company (Limited)the directors' re-
port, which was adopted, stated that the result of
the operations of the half year was a balance to the
credit of profit and lows of 8,3781., and recom-
mended the payment of a dividend of 10 per cent.
per annum, in addition to the transfer of 3,0001. to
the reserve fund, and of 2151. to new profit and
lees account.
The half-yearly meeting of the Indian Carrying
Company (Limited) took place yesterday afternoon,
when the directors' report was agreed to, and an
interim dividend declared at the rate of 6 pee
cent, per annum.
The meeting of the Natal Land and Colonisation
Company (Limited) was also held yesterday. The
net profit for the year amounted to 8,6191., and a
dividend was declared of 24 per cent., free of in-
come tax, making a total of 5} per cent. for the
twelve months.
The following is the report of the directors of the
Bank of Egypt, to be presented at the meeting on
the 27th inst. :
The director& of the Bank of Egypt have the pleasure to
lay before the shareholders the annexed statement of re-
counts fur the half-year which endeal or. the 30th of June
lest, by which it will be seen that the net profits, including
a balance of 4,950/. 12s. &I. broot forward from the
previous half-year, amount to 21,8T1/. 12a. Id. This
enables the directors to recommend the usual dividend for
the half-year at the rate of 10 per cent. per annum
(12,500(.), free of income tax, and payable on the 3rd of
August, leaving 9,3711. 12a, ld. to be carried forward to
the next account.
A general meeting of the London and Burton
Bottled Beer Company (Limited) is called for the
27th inst., when a dividend is to be declared.
Subjoined are the quotations of insurance, gas,
dock, and other shares, as given in the Stuck Ex-
change list of last evening :
Insurance.—Commercial Union, 6i; Indemnity Marine,
12x4 ; Liverpool and London Fire and Life, 8f ; London
and Provincial Marine, 23, 4, ex int. ; Marine, 90i. 90. ex
div. ; Ocean liLirine, 21, WI, ex div. ; Plicenix, 994, 100 ;
Thames and Mervey Marine (Limited), 63, ex div. ;
Uni-
versal Marine (I.liglited), 24.
Gaslight and Col:e.-11ritish Provincial, 283 ; European,
New, N ; Great Central, 123 ; Imperial, 714, ex die. ; Im-
perial Continental, Ai, ex div. ; Phoenix, 243, 54, ex div. ;
Surrey Consumers. 134.
Waterworks. 93; Chelsea, 29, ex div. ; Wert
Middlesex, 1101, 10.
Ducks. —London and St. Katherine, 69.

—Pin

TUESDAY EVENING.
Consols, which closed yesterday at 881 to
the 9th of August, opened and closed to-day at the
same quotation. For money the last price was
87 to The official business report is as
follows:—Thee per Cent. Consols, for money,
871 1 • ditto for account, 88, 1 ; Three per
Cents. 'Reduced, 861, 7 ; New Three per Cents.,
86i, 1,7, 6.; ; ditto Two 8;
per Cents.,
69 ; Bank Stock, 2471, 8 ; India Stock, 207}
ditto Five per Cent., 103, ; ditto Bonds,
15s. prem.
Indian Government securities were quiet. The
March Exchequer Bills were quoted 611. dia. to
par ; and the June, 2s. du. to se. prem.
There was an increased demand for foreign stocks,
and prices were firm. Italian bonds of 1865, and
of the Maremmana Railway rive 1 per cent. ; ditto,
of 1861, and Danubian, ; Greek, I ; and Turkish
of 1865, Spanish Passive, and the Committee's
Certificates, I. Mexican lionds were exceptionally
dull, and declined „1 per cent.

MINES.--(THIS DAY.)

ONE O'CLOCE.

The mining market is steady to-day, with
transactions to a fair extent. North Treskerby,
East Caralon, and Great Vor shares are
inquired for, but Prince of Wales exhibit
a slight reduction. North Treskerby are
now quoted 2k to ; East Caradon 81 to 7i ;
Great Vor, 14 to 19 ; Prince of Wales 19s. to
20e. ; Chiverton Moor, 5} to ; and Tresavean,
to fie.
The directors of the Port Phillip and Colonial
Gold Mining Company have just resolved to
recommend at the half-yearly meeting on the 30th
instant the usual distribution of one shilling per
share, being at the rate of 10 per cent. per annum,
on account of the profits of the current year's ope-
rations, payable on the Ist proximo.

Telegraph poles in South Australia sae made of
ipahosse,i,as a east of *lnuit feer, dulls,* ried • bag
each, because • other wood will not stand the cliuiste and
burial in the ground.