The Express.
London, England, 1866-05-30 00:00:00

MONEY MARKET.--(THIS DAY.)

Ow o'CLoci.
In the stock and share markets the dealers are
partly engaged in tho settlement of the fortnightly
account, which will be completed this afternoon.
Nevertheless a rather large amount of other business
has been transacted, and the general tendency of
prices is still upwards, owing to the enormous extent
of the arrivals of gold from New York, and to the
probability of a very large proportion being
taken to the Bank of England this week.
The Seine, from the West Indies, has
brought 152,0001., making the total amount of
specie actually received here during the last
three or four days no less than 1,785,5001. A
further considerable aggregate is now on the way,

chiefly from New York. The funds have advanced
i per cent., and some of the English railways } to
}. Metropolitan stock has improved about 1 per
cent. The shares of two or three of the financial

companies are also better, while foreign bonds
show a slight reduction. American securities are
steady.

In the discount market to-day the supply of
money has increased, and the tendency is favour-
able. The general rate for the best paper is 10 per
cent., but exceptional transactions are reported at
a fraction below. There is a strong impression
that the turning point has at length been reached,
and that the position of monetary affairs during
the next few weeks will be satisfactory.
Consols are now quoted 874 to 1, with div., for
money, and 864 to 1, ex div., for the account
(June 6).
The foreign stock market is rather flatter, but
the reduction in prices is not general. Italian
Rinds of 1861 have declined # per cent ; Spanish
Certificates, 1 ; and Turkish of 1865, 4. Brazilian
scrip continues firm, in consequence of the victory
of the allies over the Paraguayans. Turkish
Bonds of 1862 are now quoted 58 to 60 ;
ditto of 1865, 30# to 1 ; Greek, n to 104 ;
Spanish Passive, 204 to I ; ditto Certificates, 141
to 4 ; Italian of 1861, 401 to 411 ; Brazilian scrip,
64 to 5# dia. ; and Mexican, 174 to
American securities are steady, at the improve-
ment of yesterday. 5-20 Bonds are now quoted
66# to 1 ; Erie Railway shares, 451 to ; and
Illinois Central, 78 to 4.
The mail from Guayaquil has brought a re-
mittance of 1,6211. Is. 6d. on account of the divi-
dends on the debt of Ecuador.

International Financial shares are now quoted
2to 1i dis. ; London Financial, 16 to 14 dis.;
General Credit, 2 to a dia. ; Imperial Mercantile,
10 to 9 die. ; Credit Fonder, 2i to 1 dia.; Overend,
Gurney, and Co., 17 to 15 dis. ; and National
Discount, 71 to prem.
From the United States, inclusive of 802,5001.
yesterday, 1,537,0001. has been received in three
days. There can be no doubt that the recovery from
the late panic would by this time have made much
greater progress had it not been for the distrust
which has been kept alive by the exportation of
gold to the Continent. The prospect, therefore, of
a large influx of gold to the Bank supplies just
what was wanting to restore confidence.
There is an ample supply of money in all quarters,

and, directly confidence revives, it will come forth,
and the rates will decline. It seems very desirable,
therefore, that holders of money should avail
themselves at once of the existing high rates by
investing in good mercantile bills having a long
period to run.
About 50,000 sovereigns from Constantinople and
Egypt were sent into the Bank yesterday, in addi-
tion to 31,8001. in bar gold.
The influx of specie from New York continues on
an ahnost unprecedented scale. The City of Paris
brought yesterday 740,0001. and the Palmyra
62,5001., making together 802,500/. The total
announced from that quarter during the last two
or three days is no less than 1,537,0001., a large
proportion of which is expected to be taken to the
Bank this week, exporters to the continent being
unprovided with means to buy so heavy an amount
at once. _ _ _ _

There is a good demand for bar silver for
transmission to Hamburg, and the price is firm, at
ss. 14d. to ss. 2d. per ounce. The supply here is
limited.

The foreign exchanges yesterday showed no varia.
tion of importance. Short bills on Paris met with
less demand, and the rates upon Hamburg were a
trifle lower. The quotations were as follows:
Amsterdam, 3 months, 12 to 12.1 ; ditto, short, 11.17
to 11.174 ; Rotterdam, 3 months, 12 to 12.1 ; Antwerp,
3 months, 25.50 to 25.60 ; Brussels, 3 months, 25.41 to
25.60 ; liambro and Altona, 3 months, 13.9 to 13.9'. ;
Berlin, Cologne, dm., 3 months, 6.28 to 7.0 ; St. Petershurg,
3 months, 25 to 244 ; Paris, short, 25 to 25.20 ; ditto
3 months, 25.42,1 to 25.50 ; Marseilles, 3 months, 25.4'4
to 25.50 ; Frankfort-on-the-Maine, 3 months, 1181 to
119 ; Vienna, 3 months, 13.20 to 13.30 ; Trieste,
3 months, 13.20 to 13.30 ; Madrid, 3 months, 464 to 46 ;
Santander, 3 months, 46 to 46 ; Cadiz, 3 months, 474 to
47 ; Seville, 3 months, 474 to 47 ; Malaga, 3 months,
47 to 464 ; Valencia, 3 months, 47 to 44: ; Barcelona,
3 months, 474 to 47 ; Bilbao, 3 months. 47 to 464
Valladolid, 3 months, 46 nom. ; Sarafo-sa, 3 months, 47
to 464 ; Leghorn, 3 months, 28 to 4..)0 ; Genoa, 3 months,
28 to 25.50 ; Naples, 3 months, 28 to 28.50 ; Palermo,
3 months, 28 to 25.50 ; Messina 3 months, to 28.50 ;
Lisbon, 90 days date, 514 to 51,,; Oporto, 90 days date,
514 to 514.
The Metropolitan Railway traffic return shows
this week an increase of 2,654/. over last year.
At the meeting yesterday of the shareholders of
the European Bank (Limited) it was decided that
the undertakingshall be wound up voluntarily under
the inspection of the Court of Chancery, and
Messrs. John Ball and Frederick Whiney, the
accountants, and one director and one shareholder
were appointed liquidators. In the course of the
discussion which took place, Mr. Whinney re-
marked that, taking the very worst view, he did
not see how the company could low more than
250,0001.
The meeting of the International Land Credit
Company took place yesterday, when the directors'
report was adopted. It stated that the account of
profit and loss shows a balance of 312,1171. 54. 6d.,
which it was decided shall be divided as follows:—
Sinking fund preliminary expenses, 93,3511. 17s. ;
reserve fund, being the maximum allowed,
21,8761. lls. ; interim dividend, at 6 per cent.,
108,0001. ; founders and directors, 16,8881.175. 6d.;
shareholders' dividend, 4 per cent., or 10 per cent.
on the paid-up capital, including the 6 per cent.
paid in the month of January last, 72,0001. ; total,
312,1171.55. 6d.
A call of 51. is to be paid on the shares of the
International Contract Company (Limited) by the
31st of July.
With reference to the Delhi Railway, a circular
has been issued to the effect that payments in full,
in anticipation of calls, on shares in this undertak-
ing will be received until further notice, and that
the 5 per cent. interest guaranteed by government
will accrue from the date of payment thereof into
the treasury of the Secretary of State for India in
council. It is stated that several shareholders have
expressed a wish to have the privilege of paying in
full upon their shares accorded to them.
The traffic receipts of the Atlantic and Great
Western Railway for the month of April amounted
to 394,533 dollars, equal to 65,7561., against
343,408 dollars, or 49,0001. for 1865, and 181,034
dollars, or 22,6301. in 1864, showing an increase of
16,756/. and 43,1261. respectively. This calcula-
tion is made at the current exchanges of the
several dates.
The following circular has been issued to the
holders of certificates of debenture of the Atlantic
and Great Western Railway :
Offioes of the Atlantic and Great Western Railway,
London, May 29, 1866.
Dear Sir,—For the information of holders of certificates
of debenture, I am instructed to state that cash in
amount sufficient to meet the payment of all coupons due