The Express.
London, England, 1866-10-29 00:00:00

24 26
210_330.

1866.

MONEY MARKET.-(THIS DAY.)

Owe o'Ormew.
The stock markets are inactive to-day, with few
transactions. Attention is still chiefly directed to
the fortnightly settlement, which will be completed
to-morrow. There is very little inquiry for the
funds, which are doll at the reduction of Satur-
day. English railways and foreign bonds are
rather flat. Other securities, including
banking and financial shares, are mostly un-
changed, in the absence of business. A feature
in the miscellaneous department is a further
decline in Anglo-American Telegraph shares.
The applications for discount to-day are upon a
moderate scale, and the rate for good bills is un-
alwrel, at. to 4 per cent. There is a demand
fur sboit •tia in the Stock Exchange, in con-
nexion w:t11 the settlement, and the quotation is
firma, at 3 pvr cent.
Consols ails now quoted S9l to 1 both for money
and the 6th of November. The price for the new
awount (December) is 89it to 1.
Turkish Bonds of 1862 are flat, and have declined
it per cent. Spanish Certificates and Italian of 1861
are also 1 lower, but Turkish of 1865 have im-
proved 1, and Spanish Passive L. Turkish Bonds
of 1862 are quoted 56 to 57 ; ditto, 1865, 30 to
1 ; Greek, 13/ to 14; Spanish Passive, 211 to 22 ;
ditto Certificates, 131 to 14; Italian of 1861, 55i
to ; M.•• iron, 161 to
Unit,sl -:t.at,:s 5-20 Bonds show no variation,
at 6y' to , but Illinois Central Railway shares
have adval., d m per cent., viz., to 771 to 78. Erie
are quoted 50/ to 51, being I lower.
Anglo-American Telegraph shares are heavy, and
have receded 7s. 6d., viz., to 151 to g. Atlantic
Telegraph 8 per cent. preference arc also 2s. 6d.
worse, at 41 to g.
International Financial shares are quoted 11
to 117 di,. ; London Financial, 16 to 15 dis. ;
General Credit, 17, to la dis. ; Credit Foncier,
4 to 41 dia. ; National Discount, 10 to . prem. ;
and Hudson's Bay, 161 to 17.
HALF-PAST THREE O'CLOCK.
Is are dull, at 891 to g for money, and 89;
for the account.
No, bullion operations have occurred at the Bank

to-day.
At Paris this morning the Three per Cent
Reutes opened :it 69fr. for the end of the month,
showing no change.
It is a remarkable fact that telegrams were re-
ceived at the Jerusalem Coffee-house on Satur-
day announcing the arrival at San Francisco, on
buit, of the ship James Vinocomb, from
Newcastle,
The report has been issued by the directors of the
Royal Mail Steampacket Company, to be presented
at the meeting on the 31st inst. The dividend and
bonus recommended, amounting together to 51. per
share, were announced some days ago.
The coupons on the certificates of debenture of
the Atlantic and Great Western Railway, due the
15th prox., are announced fur payment at the Con-
solidated Rank.
The traffic receipts of the Erie Railway Company
for the month of September were 1,411,3.16 ibds.,
being 23,937 dols. less than in September, 1865.
The preparations on Saturday for to-morrow's
settlement in home railway stocks were attended
with a decline in the rate of " continuation" on
SitliEastern,Midland,Great Northern A, andLati-
cashire and Yorkshire, but an increase on Great
Western. The chief feature was perhaps the con-
tinued scarcity of North British stock, owing to
the extent to which speculators for a fall have
pressed sales. The result was that the price for
money was about 1 per cent. above that for the
acc,oint, at the middle of Novcmbcr;in other words,
speculative sellers had to pay 1 per cent. for the
privilege of postponing for a fortnight delivery
of stock. Thu following shows the opening and
closing rates of "continuation" on some of the
principal securities

%min& Cooing.
Anglo.Amerlean
Atlantic 8 per conk Pref.
Gnat FAstern even .. even to 1-16
Crest Western even to .. 3-16 to 6-16
Great Northern A I to & t'
Loudon and North-Western kto to
Lo
ndon, Chat , and Dover even to even to)
Lanesshire and inc Yorke kto .. 1-16 to 3-1
Shrff., and Lincoln. 3-16 to 5-16 .. 3-16 to 6-16
Metr Tolltan 5.16 to 7-16 .. 6-16 to 7-16
Midland -16 to 5-16 .. 3-16 to 6-16
Dover* l-16 to 3-16 .. even to k
Luxembourg 6d. to Is. Od. 6d. to Is. Od.
Illinois
United States 5.24 Bonds . jto 1.. kto k
Grand Trunk ~f Canada . 1-16 to k.. 1-16 to k
Greit Weetern of Canada.. 1-32 to la Od. .. 1-32 to la. Oa.
As regards some other securities the terms were
as follows :
Credit Fericier
General Credit
International Finance
Italian i per Cent
Greek
Mexican
Spanish Passive
1./Ate Certificates
Turkish 1+.465 Loan

9d.
even
1-32
1-32
1-32
1-16
1-32
1-16

to Is. Ga. cont.
to 1.11;
to 6a.
to 3-32
to 3-32
to 3-32
to 3-32
to 3-32
to

SATURDAY EVINCING
Consols, which closed yesterday at 891 to for
the Bth November, opened this morning a the
same quotation, and closed at 891 to btr
money the last price was 891, and for theee
ber settlement, 891 to f. The official business
report is as follows :—Three pee Cent. Consols,
for money, 891, 1 ; ditto, for account, 891;
Three per Centa. Reduoed, 871, ; New Three
per Ceuta., 874, ; Bank Stock, 2451 ; India
Five per Cent. Stock, 1061.
The India Five per Cent. Stock was firm. Ex-
chequer Bills remain at par to 4s. prem.
The foreign stock market was less active to-day,
but the tone, on the whole, was not unfavourable,
the movements in prices being about evenly ba-
lanced. Some of the Egyptian Bonds, as well as
Turkish of 1862, and Brazilian of 1852, ttc.,
were in good demand, and rose 1 per cent.
Mexican of 1864, Russian of 1859, and Turkish of
1858 also improved 1, and Turkish of 1865, 4.
On the other hand, Italian of 1865 fell 1 per cent.;
Brazilian of 1865 and New Grenadian Two per
Cents., 4 ; Greek and Spanish Passive, ; and
the Coinmittee's Certificates and Mexican, 1. Vene-
zuela Bowls were steady ; 121. of overdue inte-
rest has now accrued on the loan of 1862, and is of
course included in the present quotation, which is
29 to 31. As regards Italian of 1861, the settle-
ment to-day indicates that there is still inexistence
a considerable outstanding speculation for lower
prices, especially at Paris. Owing to the limited
amount of stock in the market, the " continuation"
to-day scarcely exceeded 1-16 per cent., which is
at the rate of only about 21 per cent per annum.
The dealings in bankslares were upon a very
limited scale, and the only change was a decline of
105. in London and County and Merchant. Impe-
rial Ottoman closed at 11 tones is.
The transactions in fina shares were very
limited, and prices were unchanged, being as fol-
lows :—lnternational Financial, 1.1 to 11 dis. ;
General Credit, 2 to 14 dia. ; London Financial,
16 to 15 die. ; and Credit Foncier of England,
41 to 41 dia.
Anglo-American and Telegraph Construction
shares were unaltered, at 15i to and to 1 prem.
respectively ; but Atlantic Telegraph Eight per
Cent. Preference declined 2s. 6d., viz., to 44 to 1.
Hudson's Bay shares closed at 161 to 17, beinii
2s. 6d. lower ; National Discount, at 91 to 10 I
prem., showing a further advance of ss. ; an
General Ottoman, at 1 to 14 prem. Miscellaneous I
shares were inactive, but there was a demand for
Submarine Telegraph and Trust and Loan of Upper
Canada, which rose Si. and be. respectively.
There was a demand for United States 5-20
Bonds and Erie Railway shares, which advanced
I and 4 per cent. respectively, but Atlantic and
Great Western Consolidated Mortgage Bonds de-
clined 4. Prices closed as follows :-5-20 Bonds,
681 to 1, ex div. ; Erie Railway shares, 501 to 511;
Illinois Central, 77 to ; Atlantic and Great West-
ern Railway Debentures, 641 to 614 ; ditto Con-
solidated Mortgage Bonds, 39 to 40, ex coupon.