The Express.
London, England, 1867-11-04 00:00:00

MONEY MARKET.-(THIS DAY.)

cbrs o'OlucK.

Public securities are flat, and the general course
of prices is unfavourable. The news published to-
day has tended to discourage the favourable im-
pressions lately catrent with regard to the Roman
question, and the di.position to effect sales has
been increased by the receipt of lower quota-
tions from the Paris Bourse. Consols have declined
per cent., notwithstanding a short supply of stock
in the market. Most of the foreign bonds have
given way, the principal decline being in Italian of
1861 and Turkish of 1865. The reduction in
British railway stocks ranges from to per cent.
The discount market is quiet, although a con-
siderable amount of paper has fallen due to-day (the
4th). Choice bills were taken at 1i per cent., and
in a few cases at Short loans are obtaina-
ble in the Stock Exchange at 1 to li per cent.
Consols are quoted 94 to both for money and
next Thursday's settlement, and the Three per
Cents. Reduced and New Three per Cents., 92i
to e.

Railway stocks are flat, and have declined / to
per cent, in several cases. Lancashire and York-
shire remains heavy, at the fall of Saturday. Sub-
joined are the prices :—Metropolitan, 120 to ;
Great Western, 4.% to ; London and North Wes-
tern, 113 to 1 ; Midland, 117 to 1 ; Lancashire
and Yorkshire, 124'4 to 3 ; Caledonian, 871 to 3 ;
South Eastern, 66k to 67 ; Great Eastern, 32 to ;
Great Northern, 107} to 108} ; ditto A, 1121
to 1131 ; London, Chatham, and Dover, 17i to
; North British, 321 to 331; and Brighton, 521
to 1.

Foreign stocks show flatness. Italian of 1861
and Turkish of 1865 are offered and have de-
clined j to per cent., viz., to 441 to I,
and 311 to respectively. Mexican Bonds
are 1 lower, at 141 to 15, while Spanish
Certificates have improved 1, viz., to 16f to g.
Turkish of 1862 are at 631 to 641 ; Spanish Pas-
sive, 181 to 19 ; Chilien scrip, 1 dis. to par ; and
Egyptian, 1864, 83 to 84.

United States 6-20 Bonds have receded I per
cent., viz., to 69,1 to ; Erie Railway shares are
called 46l to 47, being lower, and Illinois Central
801 to 811, showing no change.
Anglo-American Telegraph shares are steady,
at 174 to ; and Atlantic Telegraph Eight per
Cent. Preference, at 33 to 3. _

A moderate amount of business is reported in
Bank shares. London and Westminster are at
744 to 71i ; Union of London, 38 to 39; Alliance,
12 to 11 die. ; Imperial Ottoman, to 1 dis. ;
London and County, 54} to 55} ; and Oriental
Corporation, 42 to 44.
Financial shares show no variation. Interna-
tional Financial, 2i to 21 dis. ; London, 24 to
23 dis. ; General Credit, 21 to 2 die. ; and Credit
Foncier, si to 61 dis.

The half-yearly meeting of the Imperial Con-
tinental Gas Association will be held on the 27th
inst., when a dividend will be declared.
The conviction that the whole fabric of
railway finance is unsound, owing to the
long-continued and systematic interweaving of
capital with revenue, is daily becoming stronger,
and now that we have arrived at a period
when committees of investigation are once more
coming into fashion, there is a general fear of
further revelations calculated to aggravate the pre-
vailing want of confidence. This is the real expla-
nation of the unwillingness shown by the public
during the last few months to invest in the ordi-
nary or unguaranteed railway stocks. Any pur-
chases of a bioui fide character that are made at
present are almost exclusively confined to the
guaranteed and preferential securities.
About 10,000 sovereigns were withdrawn from
the Bank on Saturday for the Cape of Good Hope.
The Oneida, from Brazil, has brought 60,509!.
in specie.
The committee of the Stock Exchange on the
28th ult. continued the following alteration of rule
109 : _ .

- - -
The buyer of bonds or other securities subject to periodi-
cal drawing shall not be entitled to claim delivery thereof
previous to the day for which they were bought. Bargains
must be settled in securities which have not been officially
notified as drawn. In case of the erroneous delivery of
any drawn securities, the buyer (on receipt of undrawn
securities and on allowance being made for any drawing or
dividend of which he may have lost the benefit) shall de-
liver such securities back to the person who held them at
the time of the official notification of the drawing, or shall
pa to him any proceeds received from such drawing, pm.
vied the said securities or the proceeds thereof be traced
to, and remain in the possession and under the control of,
such buyer ; all intermediate persons being released from
liability. No claim in respect of the erroneous delivery of
drawn securities will be entertained by the committee
unless made within nine calendar months.
. . .

Subjoined is s statement (from Mr. Slaughter's
Weekly List) of the calls falling due on railway and
miscellaneous undertakings in the month of No-
vember, so far as they have yet been advertised.
The amount is unimportant.

Amount per Share.

RAILWATS.
Due Acready N umber
Date. Pail. Qall of Shares. Amen:.