The Express.
London, England, 1867-02-20 00:00:00

MONEY MARKET.-(THIS DAY.)

Oil o'Oracc.

The stock markets are flat to-day, owing to the
anticipated introduction of fresh foreign loans, the
knowledge that several of our chief railway com-
panies now require a large amount of additional
capital, and the drooping tendency of the foreign
exchanges, which leads to the belief that, in the
absence of supplies from Australia and other
quarters, some moderato amounts of gold
may be taken from the Bank for Paris.
Some large sales of English government secu-
rities have been made, and Consols have
experienoed a further fall of about 1 per cent.
Home railway stocks have declined ; to /. As
regards foreign bonds, the principal feature is a
reduction in Chilian and Danubian scrim Mis-
cellaneous shares are quiet, but a slight improve-
ment has taken place in Hudson's Bay.
The demand for money has slightly increased to-
day, but the supply is still large. The rate for
choice paper is 21 to 24 per cent., and for advances
on stock for a few days 2.
Consols are now quoted 901 to ; for money, and
90; to 91 for the account (March 7).
In the foreign stock market Chilian and Danu-
bian scrips are offered, and have fallen 1 and ;
per cent., respectively. Russian scrip is also
lower, but Spanish Passive and Certificates
have improved ~ Turkish Bonds of 1865 are
quoted 30i to ; Greek, 15; to / ; Spanish Passive,
22/ to ; ; ditto Certificates, 14} to ; Italian of
1861, 53 to ; Mexican, 17/ to ; ; Russian
Scrip, 21 to ; prem. ; Chilian Scrip, 11 to 0/
dis ; and Danubian Scrip, ; to 2 prem.
United States 5-20 Bond. have improved per
cent., while Erie Railway shares have declined to the
same extent. Illinois Central are unchanged The
present quotations are :—The 5-20 Bonds, 74 to
; Erie Railway shares, 372 to 381 ; and Illinois
Central, 77/ to 781.
Anglo-American Telegraph shares are quoted
151 to being rather firm ; and Atlantic Tele-
I graph 8 per cent. Preference, 21 to I, showing no
change. _ _

International Financial shares are quoted 2,1
to 21 dis. ; London Financial, 18 to 17i dis. ;
General Credit, 21 to 24 dis. ; Credit Foncier,
51 to 5k die. ; National Discount, 13; to prem.,
ex div.; and Hudson's Bay, 16 to 1.
The rumour of a coining Portuguese loan is still
circulated.

No bullion operations took place at the Bank
yesterday. There was an increased demand, how-
ever, for bar gold for the Continent, and it is
thought that, in the absence of supplies from Austra-
lia and New York, some moderate amounts may be
taken from the Bank during the next few days.
The City of Paris, from New York, has brought

. .
13,0001. in specie.
The steamer Delta will take to-day 25,2821. in
specie, of which the greater portion is for China
and the Straits.

On 'Change yesterday afternoon the rates for
short drafts on Holland and Paris, as well as for
bills on Vienna, were quoted less favourably for
this country. The list is subjoined:

3 months, 11.185 to 1L18'; ditto, short,
11.16 to 11.1 ; Rotterdam, 3 months, 11.185 to 11.181 ;
Antwerp, 3 months, 25.373 to 25.40; Brussels, 3 months,
25.375 to 25.40 ; Hamburg and Altona, 3 months, 13.854.1
13.9 ; Berlin, Cologne, ke., 3 months, 6.25 to 6.26;
St. Petersburg, 3 months, 315 to 315 , Paris, short, 25.10
to 25.20 ; ditto, 3 months, 25.325 to 25.375 ; Yemenite,
3 months, 25.U5 to 25.375 ; Frankfort-on-the• Maine,
3 months, 120 to 1205 Vienna, 3 months, 12.90 to
13 ; Trieste, 3 months, 12.90 to 13 . • Madrid, 3
months, 48 to 474 ; Santander, 3 months, 48 to 474; Clad*
3 months, 49 to 485; Seville, 3 months, 49 to 484 ; Malaga,
3 months, 48 to 474 • Valencia, 3 months, 484 to 48; Bar-
celona, 3 months:4Bs to 485 ; Billion, 3 months, 48 to
474 ; &wagons, 3 months, 48 to 475 ; Leghorn, 3
months, 2b.90 to 27 ; Genoa, 3 months, 26.90 to
27 ; Naples. 3 months, 26.90 to 27 ; Palermo, 3 months,
26.90 to 27 ; Messina. 3 month., 28.90 to 27 ; Lisbon,
90 days date, 521 to 52; Oporto, 90 day. date, 525 to 52.
The South Eastern Railway traffic return shows
this week an increase of 3,022/. compared with
the corresponding period of 1866 ; the London,
Brighton and South Coast, an increase of 1,921/. ;
the Metropolitan, an increase of 556/. ; and the
Glasgow and South Western, a decrease of 37/.
The meeting of the English and Foreign Credit
Company (Limited)was held yesterday. The report,
which was adopted, stated the balance to credit of
profit and loss at 7,3561. actually earned ; but a
conaiderablo portion of this had not yet been re-
ceived in cash. It was accordingly agreed to divide
only so much as has been paid, viz., 3s. 9d. per
share, free of income tax, being equal to 5 per
cent. per annum. The amount left to be carried
over, to be subsequently dealt with, is 5,1131.
At a meeting yesterday of the Italian Irrigation
(Canal Cavour) Company (Limited), resolutions were
passed by the bond and share holders to the effect
that they heard with surprise and regret the state-
ments made in the Chamber of Deputies, on the
24th January last, in relation to the company, as re-
!lards the refusal to acknowledge the grand canal to be
in operation, when it was formally opened on the
12th April, 1866, and the unjustifiable postpone-
ment of the guarantee. A resolution was also
passed to request the directors to urge with addi-
tional vigour their just claims on the Italian go-
vernment to obtain the following objects:-Ist,
The acknowledgment of the guarantee, as solemnly
promised ; 2nd, the fulfilment of the pledge to
bring the Sella Convention before the legislature
of Italy ; 3rd, the payment of the over•due cou-
pons ; and, 4th, compensation for delay. The
directors were authorised to take such proceedings
as they might deem expedient in order to enforce
the rights of the bond and share holders.
The United Kingdom Electric Telegraph Com-
pany (Limited) have declared the following divi-
dends for the half-year ending December, 1866,
viz. :—At the rate of 10 per cent. per annum on
the 6,515/. of first 10 per cent. preference shares ;
r.t the rate of 6 per cent. per annum on the 7,735/.
of 6 per cent. preference shares ; and at the rate
of 10 per cent. per annum on the new 10 per cent.
preference shares. The directors' report shows'
that, after payment of these dividends, there
will be a balance of 2,229/. undivided, but they
think it would be imprudent on the present occa-
sion to declare any dividend on the ordinary
shares. At the same time they express satisfaction
at a diminution of working expenses and an in-
crease of receipts.
Creditors of the "New Club Company (Limited)"
are required to send the particulars of their claims
to Mr. William Turquand, the voluntary liqui-
dator, by the 15th March, the 28th of that month
having been appointed by the Master of the Rolls
for adjudicating upon them.
Subjoined arc the quotations of insurance, gas,
and other shares, as given in the Stock Exchange
list of last evening : . . _

Insurance-Commercial Union, 41, 31, 4 ; London, 45,
; Rock Life, 71,1 ; Royal Exchange, :Vl3 ; Union, 275 ;
Thames and Mersey Marine (Limited), 5, 1.
Gas Light and Coke-Bombay (Limited), ; European,
New, 6), cx div. ; Great Central, 12 ; Imperial, ; ditto,
Debentures, 173 ; rhornix, 241 ; Surrey Consumers, 131 ;
Western, 13), 1.
Docks-Loadon and St. Katharine, 61, 1, 601, ex div.
Waterworks-Berlin, 12, ), 12, 1, ex div. ; East London,
New, 201 ; Lambeth, 101, 1.
The subjoined is from the London Stock and
Share Company (Limited) :
At the weekly auction yesterday, the prices realised for
securities of the Atlantic and Great Western Railway
were as follows:-Consolidated mortgage bonds, 234 to
241 per oent. ; certificates, 2114 ; • share guaranteed "
debentures of 1,000/. each, 81 to 10 per cent. ; overdue
coupons, 4a 6d. to 31s. each. -Amongst other sales were
Belgian public works, 51. paid, at 3/. sa. per share ; Ceylon
Coffee Estates, (101. paid), at 21. 10s. ; General Credit
(71. 10s. paid), at Ed. ; Great North Laxey, at ss. 6d. pre-
mium ; Tavern (101. paid), at W. ; Imperial
Land of Marseilles (101. paid), 17s. fsL to 21s. ; Inter-
national Financial (51. paial, at 2/. 17s. ; Renter's Tele-
gram Company (201. paid), 14/. ; Smyrna and Cassaba
Milroy hauls, due May, 1877, at 501. per cent. ; Specie
Buis Mining bonds of 100 dots. each, 4/. 11s. to 41. 12s. 6d.
per bond ; Varna Railway shares, 31. Ire. to 41. per share ;
I West Africa Company (101. paid), 21. 4s.