The Express.
London, England, 1867-11-27 00:00:00

13 13

103 104
104 104 k
7 6144:

4i Skills;
90 :5
98 113
1021112 I

7 ell,
7 6 di.
14 05 11,
1 166411,
4}4.1.
152 167
6. 6.pm

4 u.
10 Si
11 Ot
1.114 pas
21 2 Os
tt to
• 111.
$ 10
a 151 1
die
2 las
21 tie
• db
11 1 stl•
2 I
85 40
3* USI
7 6 die
7 4 d
rb
24 13 41
n 21
21 17 als
6414

102 IC4
If U.
I If
SO 40
SI 40

7 641
6 P'L
4 It 41,
kW oar
lld P-n
19111
6 •6b
7 dal
80 40
143 1.3
16 17 pn
10 441,
6 6E
3 oom

11 11c11.
5 0
91 11
33 115
57 n
67 59
1117'
20 73
t/i
19 20
31 43
t 4 6.1
118 '23
01411
44416
35 37
63 75
141 141
21 Syr;

t 1 pie id
4 1651
11 3 3.3
2 2

Dl i 1 8
all
1. 4i
71 '3
11 II die,
7 & die'

:2a 11-16

ni i

Tie I

MONEY MARKET.—(THIS Def.)

Ois o'Omws.

The stock markets are rather firm to-day, but
there is little fresh business, owing chiefly to the
intervention of the fortnightly settlement. As
was expected, the arrangement of the account
shows a small supply of railway securities,
and a " backwardation," or bonus for the I
loan of stock to the next settlement, is accordingly
quoted in several instances. This is especially
noticeable as regards Caledonian and North East-
ern stocks. The latter have been bought to
a considerable extent for investment by persons
residing in the neighbourhood of the line. It is
stated that a circular, fully describing the present
financial position of the North Eastern Railway
will be issued by the directors in a few
days. English government stocks, which
are very scarce in the market, have experienced a
fresh rise of i per cent. Foreign bonds have also
improved, and some of the banking shares show
firmness. Railway stocks, however, remain dull.

There is a somewhat increased demand for
money to-day, and the rate for the best bills is
firm, at 14 to 1/ per cent. Advances for a few
days, on English government securities, are offered
at 1 per cent.

Consols are quoted 941 to 95, with div., for
money, and 93# to }, ex div., for the account
(December 5). The Three per Cents. Reduced and
New Three per Cents are k higher, at 931 to 1.
In the railway market the principal feature is a
further fall of } per cent. in Caledonian stock, viz.,
to 71 tto I. A few of the other lines have also de-
clined ,', to }. Metropolitan is quoted 116/ to
117 ; Great Western, 432 to 44; London and North
Western, 1121 to 113 ; Midland, 111} to k ; Lan-
cashire and Yorkshire, 121} to 122; South Eastern,
65# to 11; Great Eastern, 30} to # ; Great
Northern, 104 to 105 ; ditto A, 109 to 1, ; Lon-
don, Chatham, and Dover, 17} to 181 ; North
British, 32} to } ; Brighton, so; to 511 ; Ber-
wick, 98 to ; and York and North Midland,
92} to 931.

Spanish Now Three per Cents. and Passive are
in renewed request, and have risen g per
cent., viz., to 231 to 1 and 341 to respectively.
Several of the other speculative kinds have
advanced to 4 per cent. Turkish of 1882,
62 to 63 ; ditto of 1865, 331 to ; Greek,
13 to ; Spanish Certificates, 14 to f ; Italian
of 1861, 461 to 1 ; and Mexican, 161 to 1.
American securities are in request, at an im-
provement. The 6-20 Bonds are quoted 702 to
1, showing a rise of per cent. ; Erie Railway
shares, 471 to 481, being 1 per cent. better ; and
Illinois Central, 831 to 861—an advance of
.7.
Atlantic Cable shares are steady, Anglo-Ameri-
can at 181 to 1 ; and Atlantic Telegraph Eight
per Cent. Preference, 31 to 4.

Financial shares are flat, with very few dealing,.
International, 2to 2k dia. ; London, 24 to 23
dia. ; General Credit, 2i to 2i dis. ; and Credit
Fonder, 7 to 61 die.

The tendency of the market for Bank shares
is rather favourable, but prices show no change of
importance. London and Westminster are at GS
to 70 ; Union of London, 33} to 3411 ; Imperial
Ottoman, Ito Ot dia. ; and London and County,
50} to 51i.

The directors 'of the National Provincial Bank
of England announce that a half-yearly dividend,
at the rate of 8 per cent. per annum, and a half-
yearly bonus of 6 per cent., will be payable on the
company's stock on the 10th January.
The half-yearly meeting of the Canada Company
will be held on the 31st of December, when a
dividend will be declared.

The half-yearly meeting of tho African Steam-
ship Company is called for the 11th of December.
An extraordinary meeting of the East India
Irrigation and Canal Company will be held on the
18th of December, "for the purpose of taking into
consideration certain proposals made by the Secre-
tary of Slate in council for purchasing the works
of the company by the payment of a sum in cash
equivalent to the whole paid-up capital of the com-
pany at par."

HALF-PAST ONE O'CLOCK.

Most of the home railway stocks have receded i
to i per cent. since 1 o'clock. Caledonian is at
70} to 71.

The pending scrutiny into the affairs of the
Caledonian Company excites great attention,
and the appointment of a most scrupulous ac-
countant to aid in the inquiry seems to have caused
fresh depression amongst those who doubt the
solidity of this company's finances. But for an
explanation of the quickness with which the entire
railway market responds to the depression of
Caledonian stock we must look to the general
belief that the dividends of our railway
companies, in the main, have not been fairly
earned, and that a just distinction between capital
and revenue has not been maintained. Directors
and shareholders have been alike to blame for sup_
porting a false system, the chief features of which
have been the making of unprofitable extensions
and the declaration of unearned dividends. It is
now becoming more generally recognised that rail-
way capital accounts, especially as regards the old
lines, must be absolutely closed for a fixed period
of years, in order that means may be afforded of
ascertaining what are the real profits, unaided by
these ceaseless additions to capital. The result of
this ought to be that, with the aid of the ecmomies
which will assuredly be found practicable, this vast
property should regain at least a portion of the
credit it has lost, for, even if lower dividends be
paid, it will then be regarded by bankers and
capitalists as presenting an inherent security in
which it is now wanting.

The Committee of Greek Bondholders have re-
ceived the following telegram from their agent, Mr.
C. L. W. Merlin, dated Athena, the 22nd Nov.,
1.22 p.m. : " Greek government accept bond-
holders' conditions. Bill will be presented to
Chamber to-morrow."

With reference to the proposed Honduras Inter-
oceanic Railway, and to the loan lately raised here,
we have received the following from au official
source :—" It is understood that fresh surveys will
be made relative to the Honduras Railway and
state domains by independent parties. No money
will be disbursed from the subscriptions until these
reports shall have been received. These surveys
and the preliminary expenses are to be defrayed by
the contractors."

About 160,0001. in bar gold was withdrawn from
the Bank yesterday for the Continent.
The Tanjore, from Alexandria, has brought only
1,500/. in specie. The Lafayette, which has reached
St. Nazaire from Mexico, has 60,0001.
The steamer Msaailia will take to-day only
2,2701. in gold for Alexandria and 4101. in silver
for Bombay.
On Change yesterday afternoon the rates for
foreign bills were less favourable fur this country
as regards Hamburg, Vienna, and three months'
drafts on Holland. The list is subjoined :

Amato dam, 3 months, 12.0 i to 12.1 : ditto, abort,
11.184 to 11.194 ; Rotterdam, 3 months, 12.03 to 12.1 ;
Antwerp, S months, 23.33 to 25.40; Brussels, 3 months,
35.35 to 26.40 ; Hal:Mari and Altana, 3 month; 13.9 k to
; Bmiin, Cologne, he., 3 months. 6.26 i to 5.27 i ;
St. Petwohm g, 3 mouths, 324 to ; Paris, short, 23.10
to 25.20; ditto, 3 mouths, 25.30 to 25.&5 ; Maneilles,
3 months, 25.30 to 243.; Frankfort-on.the.Mainr,
3 Maths, 1204 to 1201 ; Vienna, 3 months, 12.3.1 to
12.40 ; Trieste, 3 months, 1235 to 12.40; Madrid, 3

481, to 4S:: ; S..ntan ler, 3 months, 49 to 444 ; Cadiz,
u.0nt1i5,499 to 4:i; months, 494 to 49; Halmos
3 menthe, 48/to 48;1 ; Valencia, 3 months, 484 to 489 ; Hese
edam, reestbs, 48 to 489 ; Baca, 3 months, 489 to
Sozoloolo, 3 mouths, 48i to 489 ; Leghorn,
months, 28.40 to 2:3:03 • Genes, 3 mouths, 28.40 to
28.50 ; Naples, 3 months, 28.40 to 28.50 ; Palermo, .1
months, 28.40 ur yioir ; MR•SiI3I4 3 mouths, "(.40 to
3.50 ; Lisbon, 90 days' date, 519 to 511 ; Oporto, 90 days*
date, 519 to 511.
The l bnalry .4.1.•, dim: states as follows :
The stopper u: .71et,e1 Petrie, of Liverpool, is an.
nounced ; but his total liabilities are not known here as
yet. His business Las been mainly with this district in
bu) 'mg jute for spinners here, aud in the sale of Me
bags, bagging, 1a; also as agent for an extensive '
maker. It is reported that as much as 20,0001. of his
liabilities are in this quarter.
. _

The Stock Exchinge Committee have appointed
to-morrow a speeiat settling day in the Six per
Cent. lrredeenntb:e Preference Stock of the Great
Western Railway Couipan), which is to be offi-
cially marked. 'The committee have also ordered
the old and new sirtres of the London register of
the Hong Kong and Shanghai Banking Company
(Limited) to be officially quoted.
At a meeting of the coubibutories of the Unizinto
Plantation and Trading Company of Nata/
(Limited), in liquidation, held yesterday, it was re-
solved that Captain Henry Tburburn, a share-
holder, be appointed liquidator, inconjunction with
Mr. James Waddell, public accountant of Union-
court Old Broad-street.

With reference to the London Discount Company
(Limited), formal notice is given that a petition
for continuing the voluntary winding up of the
company, but subject to the supervision of the
Court of Chancery, is to be beard before Vice-
Chancellor Mal ins on the 6th December.

Subjoined are the quotations of insurance pa,
and dock shares. as given in the Stock Exchange
list of last evening :
Insnrance—Atlas, ; Commercial Union, 44 ; Lan-
don and Proviaoial ;define, lj ; Ocean Marine, 21.), l 3
A, ; Phtenis, 1014 ; Thames and Mersey Marine (Lindted
51 ; Voic] Moots. Liverpool (Limited), 8 ; Univ
Marine (Limited), 4.
Gaslight and Coke—Bombay (Limited), 4 ; City if
Moscow (lea, 144 ; imperial Continental, L 7, A ;, Loodoe„
624 ; Plamnix (New). Western, 134.
Docks—East and West India, 127. ; London and St.
Katharine, 50, 4, ; Southampton, 734.
The following prices were realised yesterday at
the sale at the Open Stock Exchange (Limited) :
Mercantile Union Loan and Investment Company, ;
Hodges' Distillery Company, 21 ; Russian Iron Works
Company, 201. bonds, 121. ; Library Company, 7) per
cent, preference, Ss. ; London, Chatham, and Lover,
debenture, 52 per cent. ; Imperial Land of Marseilles
bonds, 1872, 4/. 10s. ; Star anti Gaiter Hotel Company,
335. 'td. to 38s. 3d. ; Roma Grande Gold (fully paid),
14s. 'Jd. ; Atlantis sn4 Great Western coupons, 1a ; Varna
Railway, 31. ; Confederate 500 dols., 7 per cent., 1863,
3s. 3d. ; leathern Hotel, 8 per cent. preference, 2/. 15s.
TIMMY KVWNG.
Ocaseols, which closed yesterday at 03f, ex div.,
for the sth December, opened and closed to-day at
94 to j). For money the last price was 941 to 1r
with div. The Three per Cents. Reduced and
New Three per Cents. were quoted at 3 o'clock
93 to 1. The official business report is as fol-
lows :—Three per Cent. Consols, for money,
941, ; ditto, for account, ixig, 1-, ex div. ;
Three per Cftb. Reduced, 93, 1; New Three per
Cents., 93/, 2,1, 31.3 ; India Five per Cent. Stock,
1161, 151 ; ditto Four per Cent., 1001, 1 ; ditto
Four per Cent. " missed " rupee paper, 88;
ditto Five per Cent., 104 ; ditto Five.and-a-
Half per Cent., 109 ; ditto Bonds, 575. prem.
The India Five per Cent, stock was steady in
the morning, but afterwards receded, being last
marked 1151.
Exchequer Bills remain at 28s. to 31s. prem.
Foreign stocas were decidedly firm, and, with
the exception of a reduction of per cent. in Bra-
zilian of 1805, and a trifling relapse in Spanish
New Three per Cents. and Passive, the movements
in prime were all favourable. Mexican Bonds were
again in steady demand, and left off M a fresh rise
of per cent. A similar movement occurred in
Greek Bonds, and the Coupons were better.
Buenos Area Two per Cents., Chilian of 1867,
IDanubian, Egyptian, Italian of 1863, and Colom-
bian advanced 1 per cent. ; the Viceroy of Egypt's
Loan, Chilian of 1866, Turkish of 1858 and 1862,
and Russian of 1866, 1; Turkish of 1865 (Five and
Six per Cents.), 1; and Italian of 1861, 1.

MINES-MT lES DAY.)

Oirs o'Cumg.

The mining market is dull, and prices have
slightly declined in some cases. There is little
business apart from that connected with the fort-
nightly settlement, which has just commenced.
Prince of Wale, shares are quoted 48s. to 50s. ;
North Treskerby. 345. to 364.; North Crofty, 2i
to t ; Chiverton Moor, 5,-; to ; East Basset, 11
to 13 ; Great Vor, 17!, to 18 ; East Caradon, 51 to
61 ; Wheal Grenville,:l3s. to 255. ; Marke
6,1 to 4 ; South Frances, 31 to 33 ; and Clifford,
tie to
A few transactions have been recorded in foreign
and colonial mining shares. St. John del Rey,
60 to 61 ; D m Pedro, 2 to 2.1 prem. ; Anglo-
Brazilian, par to prem. ; Pestarena, dis. to 4
prem. ; Chontale,,, 1 j to 1 dis. ; Rossa Grande,
7-16 to 9-16 ; par to I prem. ; United
Mexican, lf to 14, : Frontino and Bolivia. 13-16 to
15-16 ; Port Phillip, 1 f to ig ; Central American,
toy dis. ; and Anglo-Argentine, g to s prem.