The Express.
London, England, 1866-09-13 00:00:00

MONEY MARKET.-(THIS DAE)

On &Moos.
A satisfactory tone is prevailing in the stock
markets, though they are but partially supported
by business, the settlement still to a great extent
engaging attention. The funds are stationary, but
railways are stronger—especially the principal
lines, and in the foreign market Turkish stocks
have advanoed. Italians are dull. A good de-

wand continues to prevail for the shares of the
companies connected with the Atlantic Telegraph.
No change has been made in the rate of discount
at the Bank, and the minimum consequently re-
mains at 5 per cent. The demand in the open
market is very moderate, at per cent., the best
bills being taken at 411, and supplies are large.
Consols are steady at 89k to for money, and

:. 89} to 1 for account.
In the foreign market 'Turkish Bonds of 1862
-
are firm at 58 to 60, being 2 higher than at the dose
yesterday. The present price of the Bonds of
lais-17. 1865 is 32 to 1, being an advance of 11 per cent.
Mexican is flatter at 161 to it. Italian, 1861, 57
to 58 ; Brazilian Scrip, 3/ to 2/ dis. Spanish
= Passives and Certificates are unaltered.

International Financial shares are quoted It to
1 dia. ; London Financial, 13 to 12 dis. ;
General Credit, 1} to 11 dis. ; Credit Fonder, 3}
to 21 dia. ; and National Discount, 9to prem.
The half-yearly court of the Bank of England was
held this morning, the governor, Mr. Holland,
presiding. The profits for the six months ending
August 30 were stated to have been 970,0141.
17s. 10d., making the Rest on that day 3,981,783/.
18e. Ild. After providing for a dividend of 64 per

cent., the rest would remain at 3,035,8381. 18s. 11d.
The proposed dividend of 6} per cent. was conse-
quently agreed to, and it is payable on the 10th
October, without deduction on account of income-
tax. A discussion of some length took place on
the action of the Bank during the late crisis.
The amount of gold sent into the Bank yesterday
was 37,0001., including 4,0:10 sovereigns.
The Atrato arrived yesterday at Southampton,
with the West India and Pacific mails, and with
486,4001. in specie, chiefly silver.
The Mexican dollars by the steamer La France
were sold yesterday at da. 110. per ounce.
A telegram from Munich, dated yesterday, states
that Messrs. Erlanger, of Frankfort, in concert
with some other German bankers, are concluding a
loan of 28,000,000 thalers to the Bavarian govern-
ment. As this is a lottery loan it does not concern
the London money market.
The liquidator of the Agra and Masterman's
Bank (Limited) has announced that the first divi-
dend of as. in the pound will be paid at the bank
on and after Monday, the 17th inst. in the follow-
ing order, viz. :
Billholders' claims, on Monday and Tuesday, 17th and
18th Sept. Deposit and current accounts. London, Nos. 1
to 1,500 ; deposit accounts, Edinburgh, Nos. Ito 400, on
Wednesday and Thursday, 19th and 20th September. De-
posit and current accounts, London, Nos. 1.501 to 2,862 ;
deposit accounts, Edinburgh, Nos. 401 to 732, on Friday
and Saturday, 21st and 22nd September.
The London and North Western Railway traffic
return shows this week an increase of 12,1031. over
last year ; the Midland, an increase of 2081. ; the
Great Western, an increase of 2,017/. ; the Great
Eastern a decrease of 6,8971.; and the Great North-
ern, a decrease of 1,5561.
The receipts of the Grand Trunk Railway of
Canada for the week ending the 26th ult. were
20,7861. sterling, being 1,765/. more than in the cor-
responding week of last year.
The Grand Trunk Railway Company of Canada
have announced the payment of the half-year's in-
terest on the Atlantic and St. Lawrence shares due
on the 15th inst.
An extraordinary general meeting of the share-
holders in the Atlantic Telegraph Company is con-
vened for the 27th inst., to consider the stepe ne-
cessary for raising the funds required to pay off the
Anglo-American Telegraph Company. The official
notification recites that
It is intended to propose that the remainder of the ex-
isting capital of the Atlantic Telegraph Company, amount-
ing to a balance of 800,0001., shall forthwith be issued. and
that application be made to parliament is the ensuing
session for powers to raise additional capital, and that as
to the said 800,000/., er.d u to a further sum of 40(1,0001.
out of the additional capital just referred to, making toge-
ther the sum of 1,200,0001. required to purchase the rights
of the Anglo-American Telegraph Company (Limited) over
the cables of the Atlantic Telegraph Company, it is in
tended to propose, with the consent of parliament, to
attach to such 1,260,0001. Ruch preferential dividends out
of the future net profits from time to time earned by the
company's cables as may then he decided upon, &c.
An extraordinary general meeting of the share-
holders in the English and Swedish Bank (Li-
mited) is called for the 27th instant, "to receive
the directors' report, under date the 10th day of
September, and the audited accounts to 30th June,
1866, and to receive and consider propositions to
be made in accordance therewith, and to pass reso-
lutions thereon."
The directors of the English and American
Bank (Limited) have made a call of Si. per share,
payable in equal moieties on the 15th October and
the 30th November.
The half-yearly meeting of the Mutual Tontine
Westminster Chambers Association (Limited) is
called for the 25th instant, when a dividend is to
be declared.
A general meeting of the Varna Railway Corn
pany was held yesterday, when the following report
was adopted :
In meeting the shareholders for the third time the
directors have much pleasure in submitting their ort,
sad balance-sheet made up to the 30th June, IW, for
approval and adoption. The annexed report of Mr.
Weandllsh, the engineer-in-chief, dated sth September,
1866, on the progress of the works, leaves no doubt that
the anticirdions of the directors held out in their reports
submitted at the two previous general meetings will be
verified, and that the reaiway will be opened complete for
traffic in October next, being one year in advance of the
time allowed under the terms of the concession for the
completion of (the railway. Thin statement cannot but he
regarded as one of a most satisfactory character when
the recent financial panic which has so much affected and
retarded similar undertakings is taken into consideration.
By &deices received from Tiirkey, the directors are in-
formed that the railway will be opened by his Imperial
Majesty the Sultan in person, or by important government
officials representing him, and that the government will
continue to take the same interest in the success of the
undertaking as heretofore.
The interest due the 16th inst. on the bonds of
the Melbourne and Hobson's Bay United Railway
Company is advertised for payment in due course.
The preparations yesterday for to-morrow's set-
tlement in the railway market showed, in most
cases, only a moderate supply of floating stock.
The following exhibits the terms on which
the carrying over was generally conducted.
It may be remarked that the rate for
carrying over Great Western stock, after stand-
ing at per cent. " contango" in the morn-
ing, afterwards changed to "even' terms, and
that the dealers were burrowers of South Eastern
and Great Eastern stocks. The continuation"
on Lancashire and Yorkshire stock" declined to
per cent. late in the day. On the London and
North Western, however, it advanced in the after-
noon, when n was given
Great Western Stock
Lancashire and Yorkshire
London and North Western
Midland
Great Northern
Ditto A
Ketropolitan
South Eastern
Sheffield
North Eastern—Berwick

to
to
5-16 to 7-1
6 to
t to
r o
even to
I to
to
to

North Eastern—York
North British
Greet Eastern even to t
Grand Trunk of Canada l-16 to 346 „
Great Wertern of Canada
Erie ' 6d. to is. ~
Illinois Central, paid up
6d. to 146 „
Luz.Lonibarutolonetlait
i
Alliance Bank t to cent
A. 4. *American Tel. l-16 to 3-1„
Atlantic TeL 8 per cont.
Credit Fonder
Genend Credit 9d. to 146 „