The Express.
London, England, 1867-09-20 00:00:00

PROVINCIAL BEARE NARK=

Lmarool., SEPT. 19.-55155: Csledonlm, 1061 1 1 1 81—
Great Eastern, 31 I—(treat Northern A. 1191—Great Western,
4sl 9 xil. London, Brighton, and South Coast, 631 11—Lon-
don, Chatham and Dover, 191—London and North Western,
115 1 i IS 13 I—Manchester, Sheflield, and Lincolnahlre,
40 , lel 1 I—North British, 331 - Mouth Eastern,
701 10 1i76 I 1 I—Furness W 'haven and Furoms, 32—Birken-
heed, 003—Buffalo and Lake Huron. 3 11-16 I—Grand Think of
Canada, 171 -Great Luxembourg shares, 10I—North and Month
Wales, ol—Mercantile Moline 'Limited', Its. d.—Atlantic Tele-
graph Et-ht
per Cent..xd.—National Steam Ship Com-
pany per (hut. Min. Pref., p.
SIAItCHI@rR, SEPT. 10—The market was firm: a renal
busliess doing. Bovines done: Bolckow, Vaughan, and Co•
(Limited', 41 d.—Consolidated Bank ,Limited:,
Vale il—Great Eastern, 311—Great Luxem-
bourg, 101—Great Northern, A,1194--Grand Trunk of Chnada,
17—Great \Coati:en of Canada, 151 -Great Western, 481 1 981—
General Credit Limited`, 2it —Lancashire and Vorkshbv, 128—
Loudon, Brighton, and South Coast, 534 I—London said North
Weskits., 114—Manchester, Sheffield, and Lincolnshire, 49
i Ditto Six per Cent. Pref., 114—Ditto Five per Cent.,
85—Metropolitan, 125 1 I—Midland, Ig3 1 1 1 I—North
British, 331 4—South Esugeru, 70 1 1 ir —Thames and Mer-
sey Marine Insurance Limited), 3 11.16 p. United States 6.10
Years' Bonds, 73—Lmodon and Brighton New. T p.—London,
Chatham, and Dover, 110—Turldsh Five per Cents., 311—Sheep-
sidge, 20 d.—Caledonlan, 101—Dover Preferred, 100—Dttio
Deferred, 43—Blackburn Purchase, 09.

BIRMINGHAM, Barr. 19.—The Balm today were in Great
Western Railway, Chester Guaranteed per cent. Mock, at WI
—BirminghaniCan elk at 07. Birmingham and Staffonlahlre Gas
L2O shares, at 34mingham Waterworks shares, at 33—and
Patent Shaft and Aidetree, new sham. at 24 preen. Closing
mice*: London, Brighton, and South coast lailway shares, at
331, sellers—Worcester and Bermingham Canal., sellers, at It
Lloyd's Bank 'shares, at 76 to 71 prom —Britannia Mills, at 16 to
1 die—mud Metropolitan Railway Carriage and Wagon shares,
third issue, at 6 die to par.

MONEY MARKET.-(THIS DAY.)

On o'f3som

There is still an absence of activity in the stock
markets, and prices generally are without altera-
tion, notwithstanding the fresh addition to the
resources of the Banks of England and France
and the remarakble plethora of money. Favourite
securities, suchas the English f unds, E xchequer
Indian government and railway stocks, and colonial
debentures have been carried to high quota-
tions by steady investments on account of
the public, who seem indisposed just now
to enter into any further operations of
importance. At the same time they neglect British
railways, foreign securities, and banking, financial,
and miscellaneous shares. Consols are steady, at
yesterday's quotations, and home railway and
foreign stocks exhibit no movement of importance.
The demand for money is very moderate, and
transactions are reported in the best three months
paper, at 14 to 1.1 per cent., or to below the
Bank minimum. Loans on English government
securities are still obtainable in the Stock Ex-
change at 1 per cent. per annum.
Consols are quoted 941 to both for money
and the account (Oct. 8), and the Three per Cents.
Reduced and New Three per Cents., t.P3{ to },
ex div.

The government broker has bought to-day
21,000/.! Three per Cents. Reduced for the Sinking
Fund, at 931, ex div.

In the railway market, the transactions show a
preponderance of sales, and a decline of„ to per
cent. has occurred in Great Western, London and
North Western, Midland, and Great Eastern
stocks. The quotations aro as follows :
Metropolitan, 124."; to ; Great Western, 471 to
48„, ex div. ; London and North Western, 11.1:1
to 4 ; Midland, 122.; to ; Lancashire and York-
shire, 127} to 128 ; Caledonian, 107 i to 1081 ;
South Eastern, 70 tot ; Great Eastern, 302 to 31;
Great Northern, 112} to 114 ; ditto A, 1181 to
1191 ; London, Chatham, and Dover, 191 to 20! ;
North British, 33 to ; and Brighton, 53 to 1.

Turkish Bonds of 1862 are in request, at an
advance of 4, per cent., the present price being 62
to 63 ; but Turkish of 1865 and Italian of 1861 are
it lower, at 311 to 32* and 48* to I respectively.
Greek are at 131 to 14.1 ; Spanish Passive, l 9 to
; ditto Certificates, 16* to * ; Chilian Scrip, to
j prem. ; Egyptian, 1864, 87 to 7, ; and Mexican,
15 to *.

United States 5-20 Bonds are inquired for, and
have risen 4 per cent., viz., to 721 to 73k, but
Erie Railway shares have fallen 2, the present price
being 41} to Illinois Central are I worse, at
761 to mi.

Anglo-American and Atlantic Telegraph Eight
per Cent. Preference shares have declined 2s. ;
the former are calletll7l to f, and the latter 3i; to
2, ex div.

Bank shares are inactive, and without change.
London and Westminster are quoted 67 to 69 ;
Union of London, 36 to 38 ; Imperial Ottoman, 1
to 01 dis. ; Alliance, 10 to 9 dia. ; Chartered Mer-
cantile of India, 29} to 30b; and Lyndon and
County, 54 to 551.

.. -
Financial shares are still neglected. Interna-
tional are at 24 to die. ; London, 23 to 21
dia. ; General Credit, 21 to 2 dia. ; and Credit
Fonder, 54 to 51 dia.

The directors of the Bank of Australasia notify
that " a dividend at the rate of 6 per cent. per
annum, and a bonus at the rate of 6i per cent.
per annum, both free of income tax, being together
21. 10s. per share for the half-year, will be paid
to the proprietors on the 15th October."
Everyone admits that, had it not been for the
severe panic of last year, the prices of all good secu-
rities would now stand much above their existing
level, and as the remembrance of the panic becomes
fainter, and indications of returning confidence
thicken, it is natural that the disposition to press
speculative sales, which has been manifested to a
greater or less extent ever since the outbreak of the
American war, should diminish. There is, how-
ever, no animation, and the transactions are below
the average even for this dull season of the year. The '
French government, as was anticipated, has found
itself under the necessity of putting such a pressure
upon the Bank of France as will enable the liquida-
tion of the Credit Mobilier Society to be carried
through without any absolute catastrophe. Many
of the recent purchases of railway stocks may be
termed speculative, inasmuch as the means of pay-
ment have been derived from loans by bankers .
yet for the time the effect of the withdrawal is as
great as though these were bona fide investments
more especially as the floating supply of nearly all
kinds of railway stock is extremely limited. The
public refuse to sell, because they do not know
what to do with the money in these times. It
may be argued that, if dissatisfied with railway
stocks, they might re-invest in foreign or colonial
government bonds. But the answer is that the
holders of British railway property are for the
moat part wedded to home investments, the con-
ditions of which are bound up with the progress of ,
our trade and population, and the chief advantage
of which consists in exemption from foreign risks.
The Germania, from New York, has brought
9,0001. in specie for England. The Bangalore will !
take to-day 39,1051. in specie for the East, of
which 21,4861. is silver for Hong-Kong.
The latest advices from the city of Mexico ,
appear to denote that matters are gradually settling
into quietude. The Austrian naval squadron lad I
not yet arrived at Vera Cruz, where the remains of ;
the late Emperor Maximilian will be delivered up
to the Austrian royal family.
Hopes seem to be entertained that the London,
Chatham, and Dover Railway Company will not
be wholly left out of the impending amalgama-
tion of the South Eastern and Brighton lines.
An arrangement with the London, Chatham, and
Dover would undoubtedly be good policy on the
part of the two other companies, and would tend
to remedy the chief drawback of the Chatham and
Dover line, i. e., the magnitude of its working
expenses. Apart from this contingency, however,
' there seems to be a disposition amongst monied
people to purchase and " luck up " the
stock of a line which, though actually in opera-
tion, and depending largely upon an ever increasing
metropolitan traffic, stands at 80 per cent. discount
in the market.
The Great Western Railway traffic return shows
this week an increase of 2,9051. over last year ; the
London and South Western, an increase of 2,187/. ;
the Great Eastern, an increase of 7331. ; the
London, Chatham, and Dover, including the
Metropolitan Extension and branches, an increase
of 2,8991. ; the Metropolitan Extension separately,
an increase of 6311. ; the Lancashire and York-
shire, an increase of 3,2071. ; the North Eastern,
an increase of 2,824/. ; the Manchester, Sheffield,
and Lincolnshire, an increase of 1,724/. ; and
the North British, an increase of 847/.
It is said that news has been received that
the broken end of the 1865 cable has been picked
up, but that at the date of the despatch the ship
was running before a gale of wind. Whether the
recovered end has been buoyed or not is not known.
The complaint is renewed that the directors of the
Anglo-American Telegraph Company do not com-
municate officially to the Stock Exchange, and
through the usual organs of publicity, all the in-
telligence relating to this great public undertaking.
As matters now stand it would appear, without
further explanation, that some persons have been
enabled to possess themselves of, and to act upon,

information calculated to affect prices, and whirl&
ought in fainies3 to have been at once given to the
shareholders and to the public at large.
With reference to the telegraphic communication
between New• York and Havana, we have received
the following :