The Express.
London, England, 1866-08-04 00:00:00

MONEY K

,ARKET.-(THIS DAY.)

ONE o'Cwea.

There is a slight demand for the funds, which
have improved per cent., but some of the
foreign bonds and English railway stocks
have experienced a froth decline. Banking financial,
and miscellaneous shares are mostly unaltered, in
the absence of business. American securities ex-
hibit a slight reduction. Anglo-American Tele-
graph shares have also again given way.
As usual on the 4th of the month, a larger
amount of paper has arrived at maturity to-day.
The demand for money is consequently active, and
there is little disposition to take the best bills
below 9 per cent.
Consols are now quoted 871 to 4 for money,
and 871 to 88 for the aooount (August 9).
There is little business in foreign stocks, and the '
market is flat. Spanish Passive and Mexican Bonds
have receded per cent. ; and Turkish of 1865, 4.
Turkish of 1862,however, have improved 1 per cent.
Turkish Bonds of 1862 are now quoted 49 to 61;
ditto of 1865, 26 to 4 ; Greek, 11 to 12 ; Spanish
Passive, 191 to 1); ditto Certificates, 141 to II ;
Italian, 1861, 51 to ; Brazilian scrip, 4 to 31
dia. ; and Mexican, 161 to 17.
American securities have declined to per
cent. 5-20 Bonds are quoted 684 to 4 ; Erie Rail-
way shares, 414 to 1 ; and Illinois Central, 74 to 4.
Anglo-American Telegraph shares have receded
10s., the present price being 121 to 4. Atlantic
Telegraph are quoted 31 to 4, being steady.
_ International Financial shares are now quoted
II to 11 dis. ; London Financial, 121 to 111 dis. ;
General Credit, 2 to if dis. ; Credit Foncier,
31 to 31 dis., ez div. (31. paid); and National Dis-
count, 71 to f prem., ex div.
The Persia, from New York, has brought
pul 185,0001. in specie.

Two o'CLocK.
Consols are steady, at 871 to for money, and
871 to 88 for the account.
At Paris this morning the Three per Cent.
Rental; opened at 69.20, being sc. lower.
With reference to the seizure by the government
of Venezuela of the. funds assigned to the bond-
holders of 1864, the following is a translation of a
letter just received by Mr. Macdonald, secretary
of the General Credit Company, from General
Guzman Blanco, and communicated yesterday
to the Stock Exchange. The General was the
plenipotentiary of Venezuela who contracted the
loan of 1864 :
James Macdonald, Esq.—My dear sir—Although I hare
not yet recovered from the surprise which the °erre*.
pondenoe from Venezuela mused me yesterday evening,
by the announcement that the delivery of the export
- duties had been suspended, I think that perhaps in the
midst of your own correspondence it may have occurred
to you to ask me how such an event can have taken place.
I think it useless to tell you that I repudiate such
proceeding, and that I never even considered it pos-
sible that any one could propose the like.
Today I am writing at great length on the
matter, and hope to alter affairs, but in the
meantime, if you can manage to pacify the bond-
holders of 1864 be good enough to do so. The
moment I feel myself better I will start for Venezuela,
and will endeavour to re-establish so sacred a claim. It
appears there has been a disturbance in the South of the
Republic, and they have taken part of the export duties to
the troops that have been despatched to roesto
prepare
order. I feel certain that the whole thing will end
immediately, and on my return I will point out to Marshal
Falcon what our duty is, and be will not only order the
delivery to your agents of the export duties, but will de-
cide upon the manner in which the portion already taken
is te be returned.—Yours, very truly, (Signed), A. Gus-
MAN BLABCo.—Paris, August 1.
About 147,0001. in gold was taken to the Bank
yesterday, viz., 104,000 sovereigns from India and
43,0001. in bars. There is no inquiry for gold for
abroad, owing to the firmness of the French ex-
change, and it is believed that the whole of the in-
coming supplies from various quarters will be
retained here.
The Maasilia, from Alexandria, has brought
100,0001. in specie, and the Teuton* from New
York, 19,0001. for England.
The foreign exchanges were generally firmer yes-
terday, especially as regards bills on St. Peters-
burg, Paris, Vienna, and Trieste. Subjoined is
our usual list :
Amsterdam, 3 months, 12.1 to 12.2 ; ditto, abort,
11.171 to 11.181; Rotterdam, 3 months 12.1 to 12.2 ;
IA Antwerp, 3 months, 25.521 to 25.57( •, Brussels, 3
months, ri.521 to 25.571 ; Hamburg and A tona, 3 months,
• xd 13.91 to 13.141 • Berlin, Cologne, fie., 3 months, 6.27
to 6.28 ; St. Petereburg, 3 months, 281 to 28 ; Paris, short,
; 23.121 to 25.221; ditto 3 months, 25.42,1 to 25.50 ; Mar-
seilles, 3 months, 25.42 i to 25.50 ;Franldort-on-the-Maine,
3 months, 118! to 11 ; Vienna, 3 months, 13.66 to
13.75; Trieste, 3 months, 13.65 to 13.75; Math•M, 3months,
• 45 to 441 ; Santander, 3 months, 45 to 44e ; Cadiz, 3
• months, 45 to 441 ; Seville, 3 months, 451 to 45 ; Malaga,
; 3 months, 451 to 45 ; Valencia, 3 months, 461 to 46 ; Bar-
▪ *elms, 3 months, 471 to 471 ; Bilbao, 3 months, 46 to
▪ 45 ; Valladolid, S months, 44, nom. ; Saragossa, 3 months,
451 to 45 ; Leghorn, 3 months, 27.80 to 27.90 Genoa,
• 3 months, 27.80 to 27.90 ; Naples, 3 month', 27.80 to
2/.90 ; Palermo, 3 months, 7/.80 to 27.90 ; Marina,
3 menthe, 27.80 to 77.90 ; Lisbon, 90 days' date, 511
to 511 ; Oporto, 90 days' date, 514 to 51i.
The value of money on the Continent continues
to decline. The Bank of Prussia has reduced its
- rate of discount from 6to 5 per cent. At Paris
the rate of discount in the issue market is Si per
cent. ;at Vienna and Frankfort, at Hamburg
- and Brussels, 4} ;at Turin, 6; at AMsterdam, 7 ;
and at St. Petersburg, per cent.
Advices from Birmingham announce that the
- allotment of shares in the new bank took place
.7. on Thursday, and that it is proposed to revive the
- Birmingham Banking Company, now in course of
being wound up.
xd With reference to the suspension last year of
- Messrs. Levick and Simpson, of the Blaine Iron-
-
works, the Birmingham Deity Post of yesterday
t will be remembered that last year this firm suspended
- with liabilities of about 250,000/. Since then the works
- have been carried on under inspection, and a proposal is
now being made to pay the creditors a first instalment of
2.. in the pound. Several Staffordshire houses are
creditors. The inspectors appointed by the creditors have
made attempts to sell the works, but as no satisfactory
- oiler has been resolved, there was no alternative left but
- to can/ on the concern. The termination of the con-
tinental war may probably improve the prospects of the

crediton.
The the pill
Wharveshalf andeariWYareineh:fingllies Coof beheld
pro form& on the 23rd inst., and will be adjourned
to such place and time as shall be agreed upon.
A meeting of the General Irrigation and Water
Supply Company of France (Limited) was held
yesterday, when it was resolved to alter the title of
the undertaking to "The Irrigation Company of
France (Limited)." The directors announce that
the various operations are progressing most satis-
factorily, and promise results which justify flatter-
ing anticipations of the position the concern is de-
fined to occupy.
John Crossley and Suns (Limited) have declared
an interim dividend of Ms. per share for the last
half year, being at the rate of 15 per cent. per
annum.
The Turin and Savona Railway Company have
given notice that the payment of the half-yearly
interest due the Bth inst. on the company's shares
is postponed till further notice.
Mr:Ramie of Gresham- provisional
the provisional
official liquidator of the National Savmgs Bank
Association (Limited), has been appointed by the
Master of the Rolls official liquidator.
With reference to the cotton market, the circular
of Mesas. Trneman and Rouse contains the fol-

-
141}
S

lowing :
The Manchester market, which Mood its ground in the
face of a European war, has, with the prospects of peace,
rallied considerably ; yarnhave within the past ten days
shown an important advance, and although the improve-
ment in goods is leas marked, in these also prioes are
better. The Liverpool market has been very active, and
the advance on American has been id. and on East India
Id. to lid. since the let ult., while on long stapke the ad-
vance obtained has amounted to 3d. to 4d. per pound.
TM stock of Arnett= cotton is now only 20,000
bales against 54-000 lest year. The total Mock
In Liverpool is .863000 008,009
ca
the lit ult., and 322,000 last year, an the quantity now
at ma from America and the East is SAOOO bales against
474,000 at the same period last year. The average weekly