The Express.
London, England, 1866-03-13 00:00:00

LONDESBOBOUGII PLATE

Skylark, Bcaeiiii Random, 00onisii;rir, La MMus*
Miss Williams, Warwick, Vigorour, and Beium are ham

HANDICAP HURDLE.
Times and Clairvoyants are here.
ARarvin.—Pigeoe. Elaham, Babble, Inheritress, Huns
Nahum, Pensioner, Osvaszi, Rinderpres, Punster.

MONEY MARKET—(?Iua DLL)

03f1 o"OroaK
The stock and share markets show dulness to-
day, with only a moderate amount of business. At•
tention is still directed to the fortnightly settlement, ,
which will be completed to-morrow. Consols have
declined per cent. for money, but are unchanged
for the account. ligegliah railways have given way
to the extent f to I per cent. in some
cues, and a reduction is also observable
in Joint Stock Discount and National Discount
shares. Those of the financial companies, however,
are rather firmer, and a alight rise has occurred in
London and Financial and Imperial Mercantile.
Foreign stocks also meet with inquiry. American
and Canadian lines are steady.
The demand for discount continues moderate,
and transactions are reported in choice three months'
bills at / per conk below the Bank minimum. Short
advances on English government securities are
obtainable in the Stock Exchange at 5 to 6 per
cent. _ .

Consols are now quoted 87 to for money, and
87f to i for the sth April.
In the foreign stock market there is a demand
for Spanish Certificates and Brazilian scrip, which
have risen * to f per cent. The other speculative
descriptions are steady, at the closing quotations
of yesterday. The prices are as follows :—Greek,
15* to 16; Mexican, 221 to *; Spanish Passive,
27* t f ; ditto Certificates, 16* to / ; Turkish,
1862, 67} to ; ditto, 1865, 38 to ; Brazilian scrip,
21 tot prem. ; and Italian, 1861, 61 to f.
United States 5-20 Bonds are fractionally lower,
at 70* to *; but Erie and Illinois Railway shares,
are steady, at 55 to *and 78 to * respectively.
International Financial shares are now quoted
die. to par ; General Credit, t to t prem.. ;
London Financial, sto 4i dies. ; Imperial Mercan•
tile, 7-16 to 9-16 prem. ; Credit Fonder sad Mobilier,
2/ to 31 prem.; Overenl, Gurney, and Company,
2 1-16 to 3-16 prem. ; Joint Stock Discount, 11* to
10* dies.; and National Discount, 7* to 8 prem.
The amount of gold sent into the Bank yesterday
was 50,0001.
The steamer Euxine took yesterday only 85,2001.
In specie for Bombay, of which 80,2001. is silver
and 5,0001. gold.
The Stock Exchange Committee have appointed
Thursday, the 15th inst., a special settling day in
the shares of the London, Asiatic, and American
,Company (Limited), which, however, are not to be
I marked at present.
With a view to dissipate the unfoundei rumours
which have lately been circulated, the Imperial
Mercantile Credit Association have just issued
the following letter to their shareholders. In doing
so, they have set an excellent example, which it is
to be hoped will soon be adopted by all public com-
panies on like ()wagons. It is greatly to be desired
that there should be a more frequentoommunication
between directors and the proprietary body, the
interests of all being identical :
escudo—Strln reel to numerous inquiries which have been
y u to the liabilities in which this so-
sedation might be involved in oessequetios of recent
failures, and u unfounded rumours have been circulated
with regard to financial companies generally, the directors
consider that it will be satisfactory to their shareholders to
learn that the total commitments of the sesedation is
eionnazioo with Jobs Wets= and Co., Thomas Sevin, sad
the Joint Stock Dismount Company, do not exceed an ag-
gregate amount of 35,0001., and the securities held to over
this sum are amply sufficient—l am, he.,
W. 0. wierzseorrox, Secretary.
Lombard-street, EC., March 12.
The South Eastern Railway traffic return shows
this week an increase of 1,5191. over the
corresponding week of last year; and the Brighton
an increase of 1,0831.
A company is in course of formation to carry out
the concession granted by the King of Denmark in
' November last, for working a double line of
telegraph between Scotland and North America, byl
war of Iceland and Greenland. The capital re-
quired is 2,000,0001., the first issue being for one-
half that amount, in 50,000 shares of 20/. each.
The prospectus, containing the names of the direc-
I tore, who are understood to be of high standing,
will shortly be announced. The chief feature of
this enterprise will be the sub-division of the cable
into short lengths, by which the risk incurred in
laying it will be materially diminished, as will
also the cost of repair in the event of any defect
arising after the cable is laid.
The Contract Corporation (Limited) have post-
ned their call of 5/. per share until after the meet-
ing fixed for the 27th inst.
The third report of the directors of the City
Offices Company (Limited), to be presented at the
general meeting on the 22nd inst., has been issued.
We extract as follows :
On reference to the audited accounts, sneezed, it will be
seen that the sum to the credit of profit and lass account is
5,4301. 15e. 10d. This sum has been mainly derived from
the three properties already let, which have had to bur
the motive working expenses of the company, besides their
proportion of debenture interest. The directors recommend
the payment of a dividend of ss. per shale, free of income
tax, which will absorb 5,0831.65. Bd., leaving a balance of
3471. 9s. 2d, to be carried forward to new account.
The Master of the Rolls yesterday dismissed with
costs a petition presented by a shareholder for an
order to wind up the Bank of Turkey (Limited).
The directors of the lonian Bank have declared a
dividend for the last half-year at the rate of 6 per
cent. per annum, together with a bonus at the rate
of 4.per cent. per annum, payable on the 10th of

Vice-Chancellor Wood proposes, on the 27th
inst., to make a call of Us. per share on the contri-
butories of the Bra Assurance Company.
The preparations yesterday for the half-monthly
settlement in British railway stocks showed that
the rates of "continuation" in most cases were

about the same as at the last settlement. A mini-
derable rate continues to be paid on Metropolitan
Railway stook. Grand Trunk of Canada was in
better ;apply. Notwithstanding the severity of
the recent fall in the shares of the financial com-
panies no difficulty was apparently experienced in
procuring a sufficient supply to allow of the adjust-
ment of the account. There was an exception to
this, however, in National Discount shwas, in
which the speculators for a fall are largely over-
sold ; a " backwordation " was, oonsequently, paid
for the loan of these shares till the next account.
The following shows the terms on which the carry-
ing over was generally conducted :
Great Western Railway stock 1-16 to 3.16 east.
Laneaddre and Yorkahuv .... 1* / "
London sad North Widnes .. :..
Midland to 1 .
Great Northern A .... ...... to "
Metropolitan
South Eastern
Sheffield 346 to 5-1 .
North British
Greg Eaatern -11 lit
to Pt
Great WOIIIIIIII of Canada 9d. to la. 6d. ~
26.. 9d. to ls. 3d. .
Illiscia Oentrol, paid up
Luxemboug
lioneral Credit
Hudson', Bay 9d. to la. 6d. ~
International Financial 3d. to 132 ~
Alliance Bank
°reread. Gurney, and Co.
Greek -32 to 3-32 „
Granada -32 to 3-32 ~
lioxicius
Ditto, 1864
89saish Peados
Spanishkish Certificates
Tar 1865 Loan 3.33 to 5.32 cont.
Dotted Stales 5-20 Benda
Virginia 6 par Cents.
The coupons of the Egyptian Government Loan
of 1864. due on the Ist April, and the bonds drawn
for redemption, are advertised for payment by
Mowers. Frubliug and Goschen.
The subscriptions for the New Zealand Govern-
ment Six per Cent. Loan will close at the offices of
the crown agents for the loolonies to-day (Tues-
day) at 1 p.m.
Toe light portion of the mails from Calcutta,
China, and Australia is expected to be distributed
in London on Friday next.

MOIDAY
Consols, which dosed on Saturday at 87* to for
the sth of April, opened and closed to-day at 871
to*. For money the last price was 87* tot. The
official buainees report is as follows :—Three per
Cleat. Consols, for money, 87j, ; ditto, for act-
oount, 87i, * ; Three per Cents. Reduced, 861;
New Three per Cents., 85, *, 1; Bank Stock, 263;
India Stock, 210; ditto Five per Cent., 1021, *.
The India Five per Cont. Stock was more in-
quired for. Exchequer Bills were unaltered, at 6s.
to 2s. die.

Foreign stocks were in fair demand—in several
cases at somewhat better prices. Sardinian Bonds
rose 1 per cent ; Turkish of 1851, ; ditto of 1862
(100/. bonds) and Brazilian scrip, ; and Mexican,
Spanish Passive, and the Committe's Certificates,
Brazilian Bonds of 1863 were firm, but Italian
of 1861 declined g per cent.
Milian Loan scrip was last quoted 21 to 3 prem.
There was little or no demand for bank shares,
and the tendency of prices was unfavourable.
Anglo-Egyptian, Chartered of India, Australia, and
China, Consolidated, East London, English and
American, London and County, and Made, Pun-
jaub, and Delhi gave way ; and Alliance, English
and Swedish, London Joint Stock, and London and
Westminster were flat. Alliance closed at 21 to
1 Prem.' ex dlr. ; Anglo-Austrian at to 1 prem. ;
and Imperial Ottoman, at 21 to 3k prem.
The shares of the financial companies were
steadier, with the exception of London Financial,
which experienced a fresh fall of 15s. General
Credit and Imperial Mercantile improved Is. 3d.,
and International Financial and Credit Fonder and
Mobilier were steady. Prices closed as follows :
International Financial, Idi a. to par • General
Credit, 7.16 to 9-16 prem. ; Londpn 'Financial,
51. to 41 dis. ; Imperial Mercantile Credit,
to prem. ; CreditFonaire and Mobilier, 21
to 31 prem.
National Discount shares were last quoted 71
to 81 prem.; Joint Stock Discount, 11 to 10 die.,
being still heavy ; °reread, Gurney, and Co.,
21-16 to 3.16 prem. being ss. to 7s. 6d. lower;
General Ottoman, 31 to 4 prem. ; and Hudson's
to Bay, 161 171, a owing a rise of its. 6d. Mis-
cellaneous shares continue depressed, with a pre-
ponderance of sales. Bangparala Tea, Berlin Water-
works, Bombay Gas, Commercial Union Insurance,
Discount Corporation, Millwall Land and Works,
Oriental Gas, and Trust and Loan of Upper Canada,
gave way, and Telegraph Construction and Main-
tenance were itat. Australian Mortgage excep-
tionally improved. Quebrada Land abases, after
being quoted 7to 6 die., advanced to-day to 51 to
The shares of the Anglo-American Telegraph
Company were nominally quoted 1 to g prem.
United States 5.20 Bonds were unchanged, but
Erie Railway shares rose 11 per cent. ; and Illinois
Central, #. There was also a demand for Pennsyl-
vania and Philadelphia and Erie, at an improve-
ment. The last prices are subjoined :-5.20 Bonds,
70g to e ; Erie Railway shares, 55 to 1 ; Illinois
Central, 78 to 4.
Canada and Victoria Government Debentures
were flat, and declined.