The Express.
London, England, 1867-11-15 00:00:00

MONEY MARKET.-(THIS DAY.)

On o'Cliraat.

The stock markets are rather dull to-day, and
the variations in prices are mostly in an unfavour-
able direction. Consols are flat, and have ex-
perienced a fresh reduction of } per cent. A similar
movement has occurred in several of the foreign
stocks, and home railway shares are }to lower.
There is, however, a steady inquiry for Indian
stocks and debentures, Exchequer bills, and
Colonial government bonds, but the supply in the
Stock Exchange is extremely limited. In fact
many of these securites which were sold by the
dealers weeks ago cannot yet be delivered to the
buyers.

The discount market presents no new feature,
the supply of money being good, and the rate for
the best bills unchanged, at li per cent. In the
Stock Exchange the charge for short loans is 1 to
li per cent.

Consols are quoted 94i to ft, with div., for money
and 93 to it, ex dig-., for the account (Decem-
ber 3). The Three per Cents. Reduced and New
Three per Ceuta. have receded 1 per cent., viz., to
921 to 03.

The railway market is flat, but the reduction
in a few of the leading lines does not exceed /
to it per cent. Subjoined are the prices
Metropolitan, 121 to g ; Great Western, 451
to ; London and North Western, 113/ to I;
Midland, 116} to ; Lancashire and Yorkshire,
121} to I ; Caledonian, sof to ; South Eastern,
66 to ; Great Eastern, 301 to 31 ; Great North-
ern, 108 to 109 ; ditto A, 111 to ; London,
Chatham, and Dover, 171 to ; North British,
33 to / ; and Brighton, 521 to 2.

Foreign stocks are dull, and a decline a-T
to 1
per cent. has taken place in several of the specula-
tive descriptions. Greek Bonds, however, are /
better, at 11/ to 121. Turkish of 1862 are quoted
61i to 62i ; ditto of 1865, 32 to 1 ; Spanish
Passive, 20i, to 1 ; ditto Certificates, 17/ to I
Italian of 1861, 45 to 1 ; Egyptian of 1864, 841 to
83i ; and Mexican, 141 to 15.

The scrip of the new Honduras Railway Loan
has declined to 1 to 2 prem.

American securities have been dealt in to a fair
extent. The 5-20 Bonds are called 70! to being
per cent. lower ; Erie Railway shares, 47 to
showing no change ; and Illinois Central, sq to 85,
a rise of It per cent.

Anglo-American and Atlantic Telegraph Eight
per Cent. Preference shares have advanced 2s. Gd.
to ss. ; the former are quoted 18/ to Ili ; and the
latter, 31 to 41.

Bank shares exhibit a drooping tendency, owing
to a preponderance of BP lee. London and West-
minster and London and County have declined 11.,
viz., to G 9 to 71 and 49 to 51, respectively. Union
of London are at 35 to 37, being flat ; Alliance,
111 to 194 die. ; Imperial Ottoman, to O
dis. ; and Chartered Mercantile of India, 26 to 27.

A limited amount of business has occurred in
financial shares. International Financial, 21, to
dis. ; London, 24 to 23 dis. ; General Credit,
21 to 2 dis. ; and Credit Foncier, 6i to die.
An extraordinary meeting of the Atlantic Tele-
graph Company will be held on the 2nd of Decem-
ber, " for the purpose of appointing a committee of
the shareholders to assist and advise the direc-
tors as to the best means for carrying
out such measures as may be deemed neces-
sary to improve the position of the com-
pany, either by amalgamation with the Anglo-
American Telegraph Company, or by raising the
necessary capital to redeem the existing charge of
125,000 i. per annum on the revenue of the Atlantic
Telegraph Company, and to aid the board in the
consideration of other important matters."
A petition for the winding up of the European
Central Railway Company (limited) is to be heard
before Vice-Chancellor Wood on the 23rd inst.

The half•yearly meeting of the Rock Life
Assurance Company will be held on the 28th inst.,
" to receive a report of receipts and disbursements
for the half year ended the 30th June last, and
for the electiou of two directors in place of
Thomas Vardun, Esq., deceased, and Sir Samuel
Morton Pet,, Baronet, M.P., who has resigned."

It is announced that holders of certificates of
shares in the Clamorgan Land Association can
receire a payment of Bd. in the £, on surrender
of their certificates, by applying to Messrs. Dent,
Palmer, and Co.

The mails from Calcutta, China, and Australia,
ria Marseilles, will be delivered in London to-
morrow (Saturday) morning.

Great interest is felt in the forthcoming report of
the so-called committee of investigation of the
Caledonian Railway Company, and, pending the
issue of this document, uncertainty is exhibited by
the speculators. Now, however, that the compo-
sition of this committee has been fully canvassed,
exception is taken to it both on that score and on
account of the way in which it has been appointed.
What is wanted is a complete, searching, and tho-
roughly independent investigation, and the ques-
tion is naturally asked whether the best mode of
arriving at this is to appoint a few of the largest
shaahubkrs, who, if they condemn the directors,
must also condemn their own property, and to
associate with them the two auditors, the merely
formal nature of whose duties has hitherto utterly
failed to save the company from falling into its
present state of discredit. Committees of investi-
gation are by no means new in our railway history,
but a perfectly independent and disinterested in-
quiry has very rarely been obtained.
_ .

About 10,0001. in American ealies for the Conti-
nent, and 35,000 sovereigns for Egypt, were with-
drawn from the Bank yesterday. The demand for
bullion for abroad is not active, but the recent
arrivals from Australia are expected to be sent
away, as well as any further amounts that may
shortly come to hand.

The steamer France, from New York, has
brought 21,5001. in specie.
The amount of Australian gold known to be now
on the way to England is 268,0001. The Anglesea
has 211,0001. and the Rifleman 57,0001.
About 100,0001. of the Mexican dollars by the
French mail steamer Louisiana were sold yesterday
at 4s. 10 1i -16 d. per ounce, showing no change.
The steamer Douro is expected to reach South-
ampton from the West Indies on Sunday next,
with full details of the destruction caused by the
recent hurricane.

We have received the following from the Penin-
sular and Oriental Steam Company :