The Express.
London, England, 1867-04-17 00:00:00

MONEY MARKET.-(THIS DAY.)

Oxa o'Cwai.

The reduction which took place yesterday in the
French funds, and the announcement that subscrip-
tions have been opened in Berlin for a new Prus-
sian loan, have caused some sensitiveness
in the stock markets, and prices are flat.
The amount of general business, however,
is but moderate, owing partly to the
approach of the Easter holidays, which, as regards
many of the members of the Stuck Exchange, will
extend over three or four days. In the present
state of political affairs, the dealers do not like to
be long away from the City with large transactions
open. Coneds are without variation, but some of
the British railways and foreign bonds have given
way. London Financial shares show no recovery
from the fall of yesterday.

The discount market is quieter to-day, and the
supply of money has increased. The general rate
for good bills, however, is maintained at 21 per
cent. Advances for a few days on English govern-
ment securities are obtainable at lf per cent.
Consols are now quoted 801 to 1, both for
money and the account (May 9), and the Three
per Cents. Reduced and New Three per Cents.,
891 to R.

Turkish Bonds of 1865 are flat, and have declined
it per cent. Spanish Passive have receded„ while
the Committee's Certificates, Italian of 1861, and
Mexican have risen to 1. Turkish of 1865 are
quoted 26& to 274 ; Greek, 121 to 131 ; Spanish
Passive, 20! to g ; ditto Certificates, 121 to 131;
Italian of 1861, 481 to ; Mexican, 151 to & ;
Russian Scrip, 11 to 11 dia., ex div. ; Chilian Scrip,
4/ to 41 dia. ; and Danubian Scrip, GI to 54 die.

United States 5-20 Bonds and Illinois Central
Railway shares have declined to per cent., the
present quotations being 714 to I, ex div., and 764
to 77 respectively. Erie are unchanged, at 374
to 38.

Atlantic Cable shares show no change of im-
portance. Anglo-American are quoted 18} to 1,
and Atlantic Telegraph Eight per Cent. Preference
4 9.16 to 11-16.

International Financial shares are quoted
2,; to g dii. ; London Financial, 25 to 24
dia. ; General Credit, 31 to 2i die. ; Credit Fonder,
69-16 to 7-16 du. ; National Discount, 71 to
prem. ; and Hudson's Bay, 16 to I.
The fourth ordinary general meeting of the Lind
Mortgage Bank of India will be held on the 26th
inst., to receive the directors' report and stat.thent
of accounts to the 31st of December last, and to
declare a dividend.

The half-yearly meeting of the proprietors of the
Provincial Bank of Ireland is called for the 16th
of May.
A further sum of 60,0001. in bar gold was bought
by the Bank yesterday.
The City of Paris, from New York, has brought
3,600/. in specie. The Douro, for the West Indies,
will take to-day only 5,0001. in silver.
On Change yesterday afternoon the rates for
foreign bills showed no alteration of importance,
with the exception of a movement in favour of
Italy. The usual list is subjoined :

3 months, .181 to ; ditto, short,
111 to 5 ; Rotterdamll, 3 mon 11.19111 .181 to 11.19 f ;
Antwerp, 3 months, 25.375 to 25.425 ; llrumel, 3 months,
25.374 to 25.425; Hamburg and Alton, 3 months, 13.85 to
13.9 ; Berlin, Cologne, &a., 3 months 6.255 to 6.26 A;
St. Petersburg, 3 months, 305 to 305, Paris, short, 25.12
to 25.25 ; ditto, 3 months, 25.35 to 25.40 ; Marseilles,
3 months, 25.35 to 25.40 ; Prankforton.the-Maine,
3 months, 120 to 1205 ; Vienna, 3 months, 13.35 to
13.45 ; Trieste 3 months, 13.35 to 13.45 ; Madrid, 3
mouths, 48 to 4714 Santander, 3 months, 48 to 474 ; Cadiz,
3 months, 49 to I; Seville, 3 mouths, 49 to 481; Malaga,
3 months, 485 to 485; Valencia, 3 months, 485 to 485 ; Bar.
oelona, months, 481 to 485 ; Bilbao. 3 months, 48t to
48 ; Samara, 3 months, 48t to 48 ; Lmhorti, 3
months, 27.90 to 28.10; Genes, j 3 months, 27.9.1 to
28.10 ; Naples, 3 months, 27.90 to 28.10 ; Palermo, 3
months, 27.90 to 28.10 ; Messina, 3 months, 27.90 to
28.10; Lisbon, 90 days' date, 525 to 52 ; Oporto, 90 days'
date, 625 to 52.

The Metropolitan Railway traffic return shows
this week an increase of 4221. over the corres-
ponding period of 1866, and the Glasgow and
South Western a decrease of 1,085/.

A meeting of the shareholders of the Agra Bank
(Limited) was held yesterday, when the report
submitted was unanimously adopted.. Mr. James
Thompson, the chairman, entered very fully into
the details of the progress of the bank, and con-
gratulated the proprietors on the great success
which has attended the resuscitation. He stated
that the current and deposit accounta have in-
creased in a most satisfactory manner, and that
the resuscitation has received the most cordial
support, especially in India. He also said that
the directors considered the amount claimed by
Mr. Cannel*, the liquidator, as excessive. VOW/
of thanks were passed to the chairman and
directors.
The directors of the London Financial As-
sociation have made a call of 51. per share, of which
21. is payable on the 15th of May, 11. 10s. on the
15th of July, and 11. 10s. on the 15th of August. I
Accompanying the call letter, the subjoined official
circular has been issued :
In forwarding to you the accompanying notice, I am
requested by my directors to state they have made every
effort to meet the engagements of the association, as they
mature, without calling up fresh capital. Their hopes of .
being able to teatime a sufficient portion of the securities
held by them have been, however, entirely. frustrated by
the continued and increased depression in the value of
railway property, and the discredit into which it has .
fallen. They regret, that under these circumstances, a
call has become absolutely neotassrv. You will observe
that it is made payable by three instalments—viz., 21. on
the 15th May, 11. 10s. on the 15th July, and 11. 10s. on the
15th August ; but the whole may be paid at once under
discount, at the rate of 6 per cent. per annum.
I am directed to add that the large amount
of property belonging to the association is receiving the
anxious care of the board, and they continue under the
conviction that time and management only are required
to make your securities available. Railway property has
through periods of trial before, and many of the
passed
which now stand deservedly well were formerly very
low in public estimation. The board confine their atten'
tion to protecting and improving the various properties of
which the association is possessed, avoiding all new busi-
ness requiring employment of fresh capital, or involving
any risk. The liabilities of the auociaaon, which stood at
456,0001. on the 31st December last, arc now 422,0001.,
and the contingent liabilities, which werethen:4,6oo/..are
now 40,0001., making a total reduction of 44,0001. Apart
from the general distrust of railway securities the position
of the association remains as at the last half-yearly meet-
ing of proprietors, with the exception of the reduction of
the liabilities above-mentioned.

A special general meeting of the Great Eastern
Railway Company is called for the Ist of May, to
consider and approve three bills now pending in
parliament, the object of one of which is to
constitute certain railways authorised to be made
by the Great Eastern Railway Company in and'near
the metropolis a separate undertaking, and to ex-
tend the tune limited for purchase of lands and
completion of works with respect to certain of such
railways," eve.
Subjoined are the quotations of insurance, gas,
and waterworks shares, as given in the Stock
Exchange list of last evening :
Insurance—Commercial Union, 44 ; London and Pro-
vincial Marine, 14 ; Universal Marine (Limited), 2 7-16.
Gas Light and Coke—City of Moscow Gas, 15, 4, cc ;
Imperial Continental, 94, j ; United General, a ; Western,
C, 6.
Waterworks—East London, 106. _ _ _

The annexed memorandum is from the London
Stock and Share Company (Limited):
At to-day's auction, amongst the sales made, were—
Albert Life Assurance (N. paid). at Js. per share ; Alex-
andra Hotel (10/. paid), at 41. to 4/..54. ; Atlantic and
Great Western Railway, 1,000/. share guaranteed deben-
ture, at int per cent. ; Ceylon Caen Estates (10/. paid), at
Zia per share ; City of Milan Improvements (30/. paid),
at 12/. to 13/. ; Cotton Plantation of Natal (10/. paid), at
1.2 s .6d.; Don Pedro del Rey Mining (14s. paid), at 220-01;
Dutch Company for Gas Works in Spain (211. 4s. paid). at
4/. 10e. to 57. ss. ; Freemasons' Tavern (51. paid), at Hi. ;
Grosvenor Hotel (10/. paid), at 27. 10s. ; Imperial Land of
Marseilles (11/. 10.. paid), at 6'. to tic Ditto 1907. paid),
at 81.; international 'Hotel (N. paid). at Ils. W. to 10s. 61.;
' Jamaica Cotton (101. paid), at 10s. ; LaJght.in Hotel (10).