The Express.
London, England, 1866-12-01 00:00:00

MONEY M.

'HIS DAY.)

Os' o'CLon.

There is very little demand to-dayfor Ftocks,and
the tendency of the varions markets isdnll. The pub-

lie still evince a disposition to effect sales of most
securities, and invest the proceeds of such transac-
tions in foreign and colonial loans, the supply of
which is accordingly expected to be large during
the next few weeks. The funds are offered, and
have declined per cent. for money. Some of
the foreign bonds are slightly lower, but the
principal British railway stocks are quoted the
same as yesterday, in the absence of business.
Financial shares are heavy, and a fresh reduction
is observable in International Financial and
London Financial. _ .

The Stock Exchange settlement being over, the
money market is quieter to-day, with a larger sup-
ply offering. The rate for choice bills, however, is
maintained at 3i to 4 per cent.
Consols are now quoted 89$ with div. for
money, and 88f to a, . div., for the account

(6th December).
Mexican and Turkish Bonds of 1805 have
receded 1 to per cent. ; and Greek,
Spanish Passive, the Committee's Certifi-
cates, and Italian of 1861, are flat. Confede-
rate. however, are inquired for, at 6 to 61. Russian
scrip is unchanged, at lil to 1 prem. Turkish
Bonds of 1862 are quoted 57i to 581 ; ditto
1865, 321 to 1 ; Greek, x3g to ; Spanish
Passive, 201 to ; ditto Certificates, 13i to h ;
Italian of 1861, 541 to 55 ; Mexican, 191 to
American securities are steady. The 5-20 Bonds
are quoted 70,1 to 1 ; Erie Railway shares, 451 to
46 ; and Illinois Central, 76} to 77.
Anglo-American Telegraph shares have declined
2s. 61, viz., to 14g to and Atlantic Telegraph
Eight per Cent. Preference are flat, at 31 to
The steamer Seine has arrived from the West
Indies, and is believed to have a large amount of
specie on board.
International Financial shares are quoted 21
to 2 dia. ; London Financial, 171 to 16i, dis. ;
General Credit, 21 to 21 dis. ; Credit Foncier,
15i to 51 dia. ; National Discount, 9} to prem. ;
and Hudson's Bay, 16g to
_

-______ _ __„ - „ _
Two o'CLocK.
Consols are without variation, at 89i to i with
div. for money, and 88k to 1 ex div. for the ate_

count.
There was a demand yesterday for Confederate
Bonds, and the price was firm, at 6 to O. It is
stated that Mr. John Horatio Lloyd, the barrister,
has given an opinion in favour of the claims of the
bondholders, and that he is now preparing a memo-
rial to the United States government on the subject.
The particulars are published of numerous bonds
of the Ismael Pasha Loan which were drawn at the
offices of the Anglo-Egyptian Bank (Limited) on
the 27th ult., for payment at par on the Bth Jan.
next. They represent in all 67,9201.
About 33,000/. in gold was bought by the Bank
yesterday, while 5,0001. was withdrawn for Alexan-
dria. There is little or no demand for bullion for
the continent.
The silver market remains inactive, with little or
no demand for exportation. Bars are quoted
ss. CITA. to 58. Id. per ounce, and Mexican dollars
4s. 11i,ld.
The Borussia, from New York, has brought
20,0001. in Mexican dollars, which have been sold
for refining.
The foreign exchanges yesterday afternoon expe-
rienced no alteration of importance. Below we
give the usual list :
Amsterdam, 3 months, 11.181 to 11.19 ; ditto, short,
11.1 M to 11.10 ; Rotterdam, 3 months, 11.18 A to 11.19 ;
Antwerp, 3 months, 25.4'21 to 25.471; lirturels,3 months,
25.421 to 2.5.471; Ilamburg and Altuna, months, 13.81 to
13.9 ; Berlin, Cologne, Bc., 3 months. 6.251 to 4.21 d ;
St. l'etersburg, 3 months, 31 to 301 ; Paris, shoi;, 95.15
to 25.2.5 ; ditto, 3 months, 23.35 to 23.40 ; Marseilles,
3 months, 25.37 A to 23.421 ; Frankfort-on-the-Maine,
3 months, 119/ to 120 ; Vienna, 3 months, 13.5 to
13.15 ; Trieste, 3 months, 13.5 to 13.15 ; Madrid, 3
months, 471 to 47a ; Santander, 3 months, 48 to 471; Cadiz,
3 months, 481 to 481 ; Seville, 3 months, 4SI to 484; Malaga,
3 months, 481 to 47/ ; Valencia, 3 months, 481 to 47/ ; Bar.
colons, 3 months, 48a to 481 ; Bilboa, 3 months, 471 to
471 ; Saragossa, 3 months, 48 to ; Leghorn, 3
months, '27.20 to 27.25; Genoa, 3 months, 27.20 to
27.`25; Naples, 3 months, 27.20 to 27.'23; Palermo, 3
months, 27.20 to 27.23 ; Messina, 3 months, 27.20 to
27.25; Lisbon, 90 days' date, hla to 511; Oporto, 90 days'
date, 511 to 51i.
Subjoined is alist of theratea of discount now cur-
rent on the continent, viz. :-At Paris and Brussels,
2i per cent. ; Hamburg and Berlin, 4 ; Vienna, 51 ;
Turin, 6 ; Frankfort, 3 ; Amsterdam, 5 ; and
St. Petersburg, 71 per cent.
The Crown Agents for the Colonies invite com-
petitive tenders for 250,0001. of New Zealand
Government Debentures, for Friday, the 7th
December. The money is stated to be chiefly re-
quired for paying off short-dated Treasury Bills,
which were issued in London in 1865, in anticipa-
tion of this loan, and the sum now to be raised will
not have the effect of withdrawing much capital
from this country. The stimulus given to the
gold discoveries, the resolute curtailment of public
expenditure, and the levying of additional taxes,
have together contributed to produce a prospective
equilibrium between the ordinary income and
expenditure for the year ending 30th June, 1867.
The application made yesterday to the Chief Clerk
in Vice-Chancellor Kindersley's court, on the part of
Mr. Charles Oppenheim,that the money now in the
hands of the liquidators of Overend, Gurney, and
Co., amounting to 1,200,0001., should be divided
amongst the creditors, was ordered to stand over
until the Bth December, for the decision of the
Vice-Chancellor. The solicitor to the Defence
Association was present to oppose any division
until after the pending motions respecting liability
shall have been disposed of, as, in the event of the
shareholders being successful, they would not only
claim the amount paid in respect of the 101. call,
but also nearly 1,500,0001. paid in respect of their
shares. It transpired during the argument that'
the claims of creditors to the extent of over
1,000,0001., in respect of guarantees, are disputed,
and from this it would appear that the liquidation
of the company, through its intimate connection
with the acts of some of the partners of the old I
firm, is likely to be involved in very serious litiga-
tion. The members of the Defence Association
have, through the advice of the committee, de-
cided upon paying their money into Chancery,
and have remitted the funds for that purpose.
The Caledonian Railway traffic return shows his
week a decrease of 358/. compared with last year.
At the meeting yesterday of the shareholders of
the Anglo-Egyptian Bank the directors' report,
which has already been published, was unanimously
adopted, and the proceedings generally passed off
very satisfactorily. The chairman, Mr. A. Devaux,
spoke very hopefully of the future prospects of the
business, and remarked that the proprietors will
shortly be called together to consider a plan for
the reconstruction of the concern, involving a re-
duction of the liability on the shares.
The meeting of the Trust and Loan Company of
tipper Canada took place yesterday. The available
balance amounted to 12,2241., and a dividend was
declared at the rate of 7 per cent. per annum.
2,9631, is also to be added to the reserve fund, 2501.
written off the preliminary expenses, and 2601.
carried forward.
At the meeting of Smith, Knight, and Co.
(Limited), held yesterday, the resolutions for the
voluntary winding up of the undertaking, and the
appointment of liquidators, were confirmed.
At a meeting yesterday of shareholders of the
Natal Investment Company (Limited), with a sub-
scribed capital of 250,0001., it was decided that the
company shall be wound up voluntarily, and Mr. G.
Langley, of Southampton, and Mr. F. W. Engel-
bach, of the firm of Engelbach and Salomon,
accountants, were unanimously appointed joint
liquidators.
'Messrs. J. Henry Schroder and Co. have an-
nounced the dividends on the Bay of Havana and