The Express.
London, England, 1866-05-09 00:00:00

MONEY M 4

Own o'CLoc.
The almost general expectation that the out-
break of hostilities on the Continent will soon be
announced has caused 6 fresh fall to-day in most
kinds of public securities. The reduction in
Consols amounts to 1 per cent. Turkish, and
Italian, and Mexican Bonds have also given way,
as well as several of the chief British railways.
Spanish Passive Bonds and Certificates, however, are
again firmer, it being expected that a settlement
will soon be arrived at. In the market for financial
shares, there is a demand for Imperial Mercantile,
at a recovery of it.
The demand for money is moderate to-day, yet
the lowest rate for the best paper is 8 per cent. In
the Stook Exchange short loans on English go-
vernment securities are obtainable at 71 per cent.
Consols are now quoted 861 to 1 for money, and
86a to 1 for the new account (6th June). To-day
is the monthly settling day.
Spanish Passive Bonds and Certificates are in
request, and have risen i to 1 per cent., respec-
tively, on the prospect of a settlement. On the
other hand, Italic's Bonds of 1861 have declined 1,
and Turkish of 1865 and Mexican a per cent. Some
of the present prices are as follows :—Turkish, 1862,
581 to 591; ditto, 1855, 281 to 1 ; Greek, 101 to
311 ; Spanish Passive, 231 to i ; ditto Certificates,
151 to i ; Italian, 1861, 38 to 1 ; Brazilian scrip,
8 to 7 dis. ; and Mexican, 161 to 17.
United States 5-20 Bonds and Illinois Central
Railway shares have declined / and 1 per cent.,
respectively, but Erie are steady. The present
quotations are as follows :-5-20 Bonds, 66 to 1;
Erie Railway shares, 46,1 to 471 ; and Illinois
Central, 761 to 77.
International Financial shares are now quoted
2/ to 21 dis. ; London Financial, 10 to 91
die. ; General Credit, 21 to 21 dia. ; Imperial
Mercantile, 8 to 71 dis. ; Credit Fourier and
Mobilier, 21 to 21 die ; Overend, Gurney, and
Company, 2a to i dia. ; and National Discount,
6 to i prem. •
In preparation for the half-monthly settlement
in shares and foreign stocks, which, owing to the
magnitude of the recent fluctuation, is looked for-
ward to with some anxiety, the tock Exchange
Committee have decided upon fixing Friday, the
11th instant, to commence the " continuation."
Subjoined. is a copy of a telegram received from
Madrid from Mr. Bell, the Coinnusaioner of the
Committees of Certificate and Passive creditors.
Its tenor is to show that the Spanish Premier is
honourably carrying out the engagements recently
entered into by his government towards these
claimants :
Marshal O'Donnell, in the Cortes, has, this evening,
himself proposed to pay off the Certificates at the lindt of
251., or its equivalent, in an external 3 per cent. stock, and
proposed to oven authority for the arrangement of the
Internal and External Passives, without naming price; also
to issue 12,000,000/. External Stock.
About 16,0001. in gold was sent into the Bank
yesterday, but 39,0001. was withdrawn, including
35,000 sovereigns for Brazil. Owing to the fresh
7 rise in the Bank rate, it is now thought that the
bulk of the recent supplies will be retained here.
Isi The City of Boston, from New York, has brought
only 5,000/. in specie.
'the steamer Douro, for Brazil, will take to-day
94,3471. in gold and 7,5001. in silver.
;a On Change yesterday afternoon the rates for hills
on the Continent were rather firmer than on Friday,
except as regards Frankfort and St. Petersburg,
which were lower. The Austrian and Italian ex-
changes were merely nominal, and owing to the
distrust of foreign mercantile credit none but short
ens drafts met with ready takers. Subjoined is the
id usual list :
Amsterdam, 3 months, 11.19) to 4; ditto, 3 days, 11.144
to 156; Rotterdam, 3 months,ll.l9; to A; Antwerp, 3 inonths,
25.474 to 50 ; Hamburg, ms. banco, 3 months, 13.91 to 1 ;
Paris, 3 days, 25.10 to 20 ; ditto, 3 months, 25.376 to 426;
Frankfort-on-the-Maine, 3 months, 114 to 119 ; Peters-
burg per rouble, 3 months, 25 to 24 ; Vienna, elf. flu.. 3
months, 12.70 to 13 ; Trieste, ditto. 3 months, 12.70 to 13 ;
Madrid, 3 months, 461 to 1 ; Cadiz, 3 months, 476 to 4 ;
Leghorn, 3 months, 29.50 to 30 ; Genoa, 3 months,
29.50 to 30 ; Milan, 3 months, '29.50 to 30 ; Naples,
3 months, 29.50 to 30 ; Pslenno, 3 months, 29.50 to
r 34 I 30 ; Messina, 3 months, 29.50 to 30 ; Lisbon, 90 days,
516 to 1; Oporto, 90 days, 516 to 1.
It appears that all the tenders for the 50,000/. of
Durban Corporation (Natal) 8 per cent. deben-
tures, which were opened on Monday at the London
and South African Bank, were below the minimum
of 97. No portion of this loan has, therefore,
been allotted, nor is it likely to be, in the existing
state of the money market.
zd The Metropolitan Railway traffic return shows
this week an increase of 1,304/. over last year.
It appears that the extraordinary general meet-
ing of the Metropolitan Railway 'Company, fixed
for the 23rd inst., is to consider and confirm, in
addition to the business previously referred to, an I
arrangement for the working of the Metropolitan
and St. John's Wood Railway.
The annual meeting of the International Land
Credit Company (Limited) is convened for the
29th inst.
A general meeting of the shareholders of the
Batik of Hindustan, China, and Japan (Limited)is
called for the 22nd inst., and will be made extra-
ordinary, to enable the directors to hold half-
yearly instead of annual meetings.
The annual meeting of the shareholders in
Hewett and Co. (Limited) is called for the 17th
inst., when a dividend is to be declared.
A general meeting of shareholders of the Bank of
Queensland (Limited) is called for the 22nd inst.
A special meeting of the Metropolis Sewage and
Essex Reclamation Company is called for the 18th
inst., to approve the bill now before parliament.
The liquidators of the Corsican and Mediterra-
nean Gas Company (Limited) have adjourned the
sale of the Bastia works from the Bth to the 15th
instant.
Warehouse Company
Creditors of the United (Li-
mited) are required to send the particulars of their
claims to Mr. James Boatfield, the official liqui-
dator, by the new inst., the Master of the Rolls
having appointed the llth of June for adjudicating
upon them.
Subjoined are the quotations oin the f insurance, g
naxs,
dock, and other shares, as give Stock E-
change list of last evening : ,
Insurance.--Commercial Union, 5j canpel Fire, 352 ; 1
Imperial Life, 204 ; London, 464 ; Oc Marine, 20 ; Rock 1
Life, 76, lex div. : Royal Exchange, 296 ; Thames and
Mersey Marine (Limited), 71,11, 64 ; Union Marine Liver-
pool (Limited), 21 ; Universal Marine (Limited), 2j, 3.
Gam ro —Eupean, new, 66 ; Great Central, 121 Im-
perial, 75, 6 ; Imperial Continental, 955; London, 685,
9d
,4
tri;t,
°mink'
eh:LeLn x a
.5i xi ,
et 26,
and
d4i,,1,
West.; Sr rerntayiliali',n-o,lnizur,meleitirirte,
Loltwin,
dlseanix.,
dsdr
.t.;
Katherine, 71, 70.
Waterworks.—Berlin, 96 ; Chelsea, 29 East London,
126 ; Grand Junction, 785, 9.
Canal—Regent's (or London), .
The quarterly sales of indigo commenced yester-
day. They consisted of 10,1;08 chests, including 2,766
chests of old goods bought in at, or withdrawn
from, former sales, and 1,218 chests in second
hands.

Tr ESDAT EVI3TING.
Consols, which closed yesterday at 86/ to 0,
both for money and to-morrow's
sent,settleme opened
this morning at 86 to 0, and closed 60 to 4.
For the June settlement the last price was 864 to
87. The official business report is as follows :
Three per Cent. Consols, for money, 86/, 6, i, i, i ;
ditto, for account, 86, I, I, / ; Three per Cents.
Reduced, 84/, 0, 4 ; New Three per Cents., 841,
0, f ; ditto Two-and-a-Ht -Cs . .....
Bank
Stock, 242, 3 ; India Fiv,
4 ; ditto Five-and-a-Ralf
rupee paper, 106 ; ditto F(
tures, 101}.
The India Five per Cent
March Exchequer Bills
dis., and the June ss. dis.
The foreign stock mark(
ing, and lower prices wert
I For instance, Italian Bon,

Oil &ewes.
The mining market continues inactive, and prices
are quoted the same as yesterday, with one or two
unimportant exceptions. The announcement of a
fresh fall in the price of tin has greatly tended to
check any fresh business.
At Pendeen Couaols meeting, held yesterday, the
accounts showed a balance against the mine at
2201. A call of 4a. per share was made.
Creditors of the United Merthyr Collieries Com-
pany are required to send the particulars of their
claims to the liquidators by the 31st inst.