The Express.
London, England, 1866-06-11 00:00:00

di, g

1866.

MONEY MARKET.-(THIS DAY.)

lhra o'OLoce.
The English funds continue in demand, and ex-
hibit a fresh advance of per cent. The stock and
share markets generally, however, are inactive,
with very few transactions. As regards foreign
bonds, Italian and Turkish bonds are firmer, but
most other securities, including British railways
and banking and financial shares, show no variation
of importance.
The applicatio^s for discount continue moderate,
while the supply of money is large. The rate for
the best bills is 91 to I per cent. The charge in
the Stock Exchange for short advances on Eng-
lish government securities is 6 to 7 per cent.
The Australian mail just delivered announces the

departure for London of the ships Wellesley,
Transatlantic, Essex, and fltrathnavar, with
242,0001. in gold, making the total on the way
hither, including that previously reported and still
at sea, 513,5001. _ _

Consols are now quoted 86i to I, ex div., for

money, and 86 15-1-6 to 87 1-16 for the account

(July 10).

The foreign stock market in rather firm, although
the transactions are upon a very restricted scale.
Italian bonds of 1861 have risen 1 per cent., and

Turkish of 1862 and 1865 to 1. Greek, Spanish
Passive, the Committee's Certificates, and Mexican
are steady. Turkish Bonds of 1862 are now quoted
50 to 52 ; ditto of 1865, 271 to ; Greek, 111 to
; Spanish Passive, 18 to I ; ditto Certificates,
1311 toe ; Italian of 1861, 361 to 1 ; Brazilian
scrip, 6 to 5} dia. ; and Mexican, 14 to I.
American securities are quiet. 6-20 Bonds are
now quoted 65i to 66 ; Erie Railway shares, 41
to ; and Illinois Central, 751 to 1.
International Financial shares are now quoted
2to 11 dis. ; London Financial, 16 to 15 die.;
General Credit, 21 to l dis. ; Imperial Mercantile,
91 to 4 dis. ; Credit Foncier, 3R tot dis. ; Overend,
Gurney, and Co., 18 to 16 die. ; and National
Discount, 5i to 61 prem.
In evidence of the speculative selling of joint-
stock bank shares, it is stated that a buyer of shares
being unable to obtain delivery of a small number
purchased for the last settlement, and having in-
structed his broker on Saturday to "buy them in"

publicly, according to the rules of the Stock sx-
change, no seller was to be found for cash, except at
a price materially higher than the quotation for the
" account." In some cases purchasers have offered
to take and pay for their shares at once, in antici-
pation of the next settlement, but their pro-
posals have not found a ready response. It is thus
evident that if bong fide buyers would deal for cash
only, an end would be speedily put to the opera-
tions of the unscrupulous "bears."

The half-monthly settlement in shares and foreign
stocks will begin to-morrow ("continuation day"),
and end on Thursday.
Only 3,0001. in gold was sent into the Bank on
Saturday, but a large sum, out of the American
arrivals just announced, is expected to be taken
there next week.
The steamer Lagos, from the West Coast of
Africa, has brought about 10,0001. in gold dust and
specie.
The Manchester Guardian states as follows :
" Messrs. James Baines and Co., of Liverpool,
and T. M. Mackay and Co., of London, the well-
known
shipowners, have issued a circular announcing
that, in consequence of the suspension of Barned's
Banking Company, they have found it necessary to
place their affairs wider inspection."
A meeting of the creditors of Messrs. H. J.
Enthoven and Bona, who recently failed, is con-
vened for the 14th inst.
The daily papers publish important statements
issued by the directors of the Consolidated Bank
(Limited). They refer firstly to a proposal for
enabling the bank to rescind and withdraw
altogether from the arrangement which it hastily
made with the Bank of London, and in the second
place an appeal is made to the forbearance of the
creditors of the Consolidated Bank, with a view to
enable it to resume business. If this end is to be
accomplished prompt acquiescence on their part is
necessary.
The following communication likewise refers to
the Consolidated Bank :
TO THE EDITOR OF THE EXPRESS.
Sir,--Since the order was made yesterday for the wind-
ing up of the Consolidated Rank on the petition of my
clients, who are creditors of the bank, I have had mm-
munications with the directors, and have satisfied myself
and my clients of their bona fide intention to resuscitate
the bank, if the arrangements now in progress can be car-
ried out. My clients would desire to throw no obstacle in
the way of the attainment of this laudable object, but on
the contrary will do all in their power to facilitate it,
being convinced that it will be fur the benefit of the cre-
ditors generally. I have, therefore, consented to an order
which haa this afternoon been made by his Honour %ice.
Chancellor Stuart suspending the operation of the winding
up for a sufficient time to enable the views of the credi-
tors to be ascertained as to the resuscitation of the bank.
I am, tec., F. C. GREENFIELD.
3, Lancaster-place, Strand, June 9.
The annexed circular has been issued by the
Agra and Masterman's Bank (Limited) :
Nicholas-lane, Lombard-street, London, 7th June, 11,66.
Sir,—l am desired by the board of directors to convene
an extraordinary general meeting of the shareholders of
this bank, to be held on Friday, the tlnd June inst., at
11 o'clock, a.m., at the London Tavern, Hishopsgate-street,
London, to pass an extraordinary resolution that it is
advisable to wind up the company voluntarily. Also to
appoint Mr. Herbert Harris Cannon, of the firm of C. F.
Kemp, Cannan, Ford, and Company, public accountants,
as liquidator. lam desired to add that the directors are
of opinion that it will save a great deal of delay and
expense to have the company wound up voluntarily, and
that they strongly recommend the appointment of Mr.
Cannan as liquidator.—l am, &c.—M. BALFOUR, General

Manager. -
The report of the directors id the Panama, New
Zealand, and Australian Royal Mail Company
(Limited), to be presented at the meeting on the
15th inst., shows a dividend at the previous rate of
5 per cent. per annum, free of income-tax, for the
second half of the year 1865, with a balance of 400/.
to be carried forward, hut states that, although the
remittances received from the colonies have been
ample for the payment of the dividend, the direc-
tors have been compelled by the panic in the money
market to defer the dividend for three months.
The annual meeting of proprietors of the Union
Bank of London is convened for the 11th of July.
The petition filed by Mr. Hulbert, a shareholder
in the Hop and Malt Exchange and Warehouse
Company (Limited), praying for the winding up of
that undertaking, was this day dismissed by Vice-
Chancellor Wood, with costa.
It is notified that all interest warrants attached
to the certifivees of the shares of the Imperial
Land Company of Marseilles (Limited) will, when
due, be paid on presentation at the National Bank,
instead of the Agra and Masterman's Bank.
A meeting of shareholders of the Imperial
Wine Company (Limited) was held at the offices,
at St. Dunstan's-hill, on Saturday, when a favour-
able report and balance-sheet of the directors was
unani-mously adopted.
The Metropolitan District Railway Company
notify that the transfer books will be closed from
the 25th to the 30th inst., preparatory to the pay-
ment of the half-year's interest due by the con-
tractors on the Ist of July.

SATURDAY EVIRDIC.,

-----
Console, which closed yesterday at 861 to 1,
ex div., for the 10th of July, opened this morning
at 87 to 1, and closed at 86/, or 86 13-16 to 15-16.
For money the last price was 86A to A. The offi-
cial business report is as follows : Three per
Cent. Consols, for money, 86/, I, ; ditto, for
account, 87, A, 6A ; Three per Cents. Reduced
I 861,
I ; New Three per Cents., 86f, 5/, 61, 6 ; ndia
Five per Cent. Stock, 10 • ditto Four per Cent.,
93 ; ditto Five per Cent. " enfaced " rupee
paper, 101.
The India Five per Cent. Stock was firmer.
The March Exchequer Bills were quoted 12s. to be.