The Express.
London, England, 1866-01-11 00:00:00

ittO.YEY MARKET.--(THIS D&1.)

ONE o'CLocx.
The snow-storm has greatly interfered with busi-
ness in the Stock Exchange to-day, and very few

changes have occurred in prices. Console and the
chief British railways are quoted exactly the same as
yesterday, and the movements in foreign securities
and banking and financial shares are quite unim-
portant.
The discount market is quiet to-day, and trans-
actions continue to take place in the best three
months bills at 71 to 7t per cent. No change has
been made in the rate of discount by the weekly
board at the Bank to-day, nor was any expected.
Consols are now quoted 861 to / for money,
and 871 to /, for the account (Feb. 8).
Very little business has been reported in foreign
stocks, and the speculativedeecriptioneareunaltered,
with the exception of a rise off per cent. in
Mexican, and a decline to the same extent in
Spanish Passive. Confederate bonds are flat.
Some of the present quotations are subjoined,
viz :—Greek, 131 to 141 ; Turkish Five per
Cents. of 1865, 411 to / ; Spanish Passive, 25t
to 26 ; ditto Certificates, 131 to t ; Confederate, 61
to 71 ; Brazilian scrip, t to 1 prem. ; and Mexican,
22 to f, ex div.
American securities are unaltered, with the ex-
ception of a rise of 4 per cent. in Illinois Central
Railway shares, which are now quoted 752 to 764.
5-20 Bonds are called 64i to and Erie Railway
shares, 56 to 1.
International Financial shires are now quoted
t to 1 prem. ; General Credit, lt to 2 prem. ;
London Financial, 3to pram. ; Imperial Mer-
cantile, 21 to prem. ; Credit Fonder and Mobi-
lier of England, 3} to prem., ex all; Overen3,
Gurney, and Company, 51 to t prem.
The shares of Charles Lafitte and Co. are
quoted 21 to 3 prem. ; English and American Bank,
1 to 11 prem. ; London Steam Towing, 14 to 2
prem. ; and British and Continental Sugar Refining,
/ to 11 prem.
The demand at the Bank discount-office yesterday

was only moderate, and the general market, owing
to the magnitude of the supply of money, derived
partly from the payment of the dividends, pre-
sented an easier appearance, although a considera-
ble amount of Indian bills fell due yesterday. First-
class paper having three months to run was taken
freely at 7i to 71 per cent., or to 71 below the
Bank minimum. In the Stock Exchange the rate
for short loans on English government securities
was 4 to 5 per cent. in the morning, but fell to 3
per cent, in the afternoon. Money was very abun-
dant in that establishment, and a large amount
remained over unemployed at the last.
There were again no bullion operations yester-
day at the Bank. During the week 238,000'. has
been withdrawn for exportation.
The steamer Athenian, from the West Coast of
Africa, has brought about 17,0001. in gold dust and
specie.
The Board of Trade returns last published state
the total value of the enumerated articles exported
from the United Kingdom to the United States for
the first eleven months of 1865 at 16,300,0001., and
Liverpool advices mention that the imports of
American cotton alone into that port for the
last year are valued at about 13,000,0001. So
much for the statement pertinaciously persisted in
by a leading journal that the imports of commodi-
ties from America are "singularly small," and that
we are giving her an excessive amount of credit.
The London and North Western Railway traffic
return shows this week an increase of 6,2491. over
last year ; the Midland, au increase of 2,267/. ;
the Great Northern, an increase of 739/. ; the Great
Eastern, a decrease of 1,5101.; the Great Western,
an increase of 1,6401.; and the London and South
Western, an increase of 1,1231.
We are requested to explain, with reference to an
advertisement just issued, that the amount of the
dividend on Anglo-Austrian Bank shares for the
year 1865 will not be fixed until the general meeting
of the bank at Vienna, in May next. The 3a. per
share just advertised, with the previous distribution
of 3e. in September last, merely completes the 5
per cent. payable on account of the annual net
profits of the bank for the year 1865.
The directors of the New Zealand Trust and
Loan Company (Limited) intend to declare a divi-
dend at the rate of 10 per cent. per annum at the
meeting on the 17th instant.
The half-yearly meeting of the Manchester,
Sheffield, and Lincolnshire Railway Company is
called for the 24th instant, at Manchester.
We are informed that the International Contract
Company (Limited) have concluded a contract for
the construction of the Dublin Metropolitan Rail-
ways.
The transfer books of the International Financial
Society will be closed preparatory to the general
meeting from Monday, the 15th, until Friday, the
[L 26th inst.
The following relates to the affairs of Overend,
Gurney, and Co. (Limited) :
TO THE EDITOR OP THE EXPRESS.

Stock and Shareholders Inquiry and Protection Asso-
ciation, 7, Pope's Heact-alley, Coenhill, London,
E.C.. Jan. 10, 1866.
Sri,—Be kind enough to give publicity to the enclosed.--
I am, Er., GEO. RITCHIE, Se:aviary.
"The shares of ()reread, Gurney, and Co. (Limited) have
been unduly depressed to-day by • report, industriously
circulated, that the company have suffered heavy lon
through transactions with ea enchant contractor. We Lave
investigated the matter, and Bed that the report is without
the slightest foundation.—GEo. Secretary."
A special general meeting of the West Cornwall
Railway Cotnpauy is called for the 19th iost., at Bris-
tol, "fur the purpose of receiving a statement from
the board of directors as to the present financial
position of the company, and of making such an
appropriation of any of the assets of the company,
whether consisting of preference stock or otherwise,
and of passing such resolutions in reference to all
or any of the objecta aforesaid, as may be agreed
upon."
A special general meeting of the London Armoury
Company (Limited) is called for the 25th instant,
"to consider the course which should be adopted
with reference to a petition presented to the Court
of Chancery to wind up the company."
The Hop and Malt Exchange and Warehouse
Company (Limited) announce that warrants for the
interest for the half-year ending the 20th January,
at the rate of per cent. per annum, will be for- I
warded on that day to the holders of shares with
not less than Si. per share paid thereon.
The European Gas Company (Limited) have
given notioe of the, closing of the share register,
preparatory to the payment of the usual half-yearly
dividend ou the let February.
The usual half-yearly dividend on the shares of
the Namur and Liege Railway Company is an-
nounced for payment on the 15th instant.
With reference to the market for American
securities, Messrs. E. F. Satterthu-site and Co.
report aa follows :
The advance in the Bank rata of interest on Thursday to
8 per cent., caused some depression in the London market
for American securities, which was for • short time some-
what iocrsased by the extraordinary article in the Times
of yesterday,' bat the fallacies, or rather cnissitcos. in the
statement put forward were so glaring, that the affect was ,
little more than momentary, and to-day, ea Impressed
quotations for stock and decline in gold from New York,
she market rallied and closes firm. United States 5-20
Bonds, after seine' down to 60 bars advanced to 60 to
65. Illiaois remained steady at 75y to 76, while Eries bane
bnproved from 551 to 56 to The various descriptioos of
Allan* and Great Western Beads have bees wall main-
tained, sad transactions in stip mailer deacenimatioes of
certificates of debenture have to-day taken *coat ftsj.
The bonds of the Erie Railway Company's loan
will be ready for delivery in exchange for fully
, paid up scrip, at the office of Messrs. J. S. Morgan
and Co., on the 15th inst.