The Express.
London, England, 1866-10-13 00:00:00

On .'Owoz.

There is a slight demand to-day for public
securities, and prices are again higher in some
cases. The amount of business generally, how-
ever, is limited, attention being chiefly directed to
the fortnightly settlement, which has just com-
menced. The adjustment of the account shows, as
was expected, that the greater portion of the
recent extensive sales of railway stock were
speculative. An advance has accordingly taken
place in several of the leading lines,
the most important upward movement being
in Great Western. Consols have also im-
proved 1-16 per cent. for the account, but
nearly all the other securities, including foreign
bonds and banking and financial shares, have
scarcely varied, in the absence of transactions.
The supply of money in the discount market
to-day has largely increased, owing to the payment
of the dividends, and the tendency of rates is
downwards. The general charge for choice paper
is 4} per cent.; but exceptional transactions are
reported at 4, or below the Bank minimum. In
the Stock Exchange advances till Monday on Eng-
lish Government securities are obtainable as low as
2 per cent.

Consols are quoted 89}' to for money, and
894 to k for the account (Nov. 8).
There is little inquiry for foreign stocks, and
very few changes are observable in prices. The
only movement in the speculative descriptions is an
advance of k per cent. in Turkish of 1865. Turkish
Bonds of 1862 are quoted 54} to 55k ; ditto, 1865,
28} to 20 ; Greek, 14 to 14k ; Spanish Passive,
21k to ; ditto',Certificates, 1n to 14k ; Italian of
1861, 54 to I ; and Mexican, 15/ to 16.
United States 5-20 Bonds have declined per
cent., while Erie and Illinois Central Railway shares
have improved kto I. The present quotations are
as follows :-5-20 Bonds, 70g to ; Erie Railway
shares, 48/ to 49. E ; and Illinois Central, 74 to
701. _ _

Anglo-American and Atlantic Telegraph shares
are unaltered, at 15i to and sto respectively.

International Financial shares are quoted 2
to 11 die. ; London Financial, 16 to 15 die. ;
General Credit, 2/ to 2i die. ; Credit Foncier,
4,1 to 41 die. ; National Discount, 81 to 9 prem,
and Hudson's Bay, 161 to 17.

Two o'CLoCK.
Consols are still quoted 891 to for money, and
to for the account.

At Paris this morning the Three per Cent.
Rentes opened at 68fr. 82c., being about 1-1 G per
cent. lower.

It is worthy of remark, as ono consequence
of the embarrassments, and apparently discredited
condition of home railway property, that a better
demand has sprung up for Indian Government
stock, and it seems very probable that the inquiry
will soon extend to the Indian guaranteed railway
stocks, which, on account of their well secured
position and favourable tratlic prospects, may well
be commended to the notice of investors.

The amount of gold purchased by the Bank yes-
terday- was only 6,00 W.
The Fulton, from New York, has brought only
3,7001. in specie. _

The foreign exchanges yesterday afternoon were
I steady. The rates for bills on St. Petersburg were
quoted better for this country. The usual list is
subjoined.
Amsterdam, 3 months, 11.191 to 11.191 • ditto, short,
11.16 to 11.17 ; Rotterdam, 3 months, 11.194 to 12.0 ;
Antwerp, 3 months, 25.474 to 25.524; Itrwrels, 3 months,
25.474 to 25.624; Hamburg and Altana, 3 months, 13.84 to
13.174 ; Berlin, Cologne, fee. 3 months. 6.26 to 6.27 ;
St. Petersburg, 3 months, 29* to 29,1 ; Paris, short, 25.20
to 25.30 ; ditto, J months. 26.40 to 25.60 ; Man...lMo;
3 months, 25.40 to 25.60 ; Frankfort-on-the-Maine,
3 months, 1191 to 120 ; Vienna, 3 months, 13.10 to
13.20; Trieste, 3 months, 13.10 to 13.171; Madrid. 3
mouths, 471 to 47 ; Santander, 3 months, 474 to 47 ; Cadiz,
3 months, 48 to 47' ; Seville, 3 months, 48 to 471 ; Malaga,
3 months, 48 to 471; Valencia, 3 mouths, 48 to 471; Bar-
celona, 3 months, 484 to 481 ; Bilboa, 3 mouths, 471 to
474 ; Saragossa, 3 months, 471 to 474 ; Leghorn, 3
months, 27.0 to 27.20 ; Genoa, 3 months, 27.0 to
27.20 ; Naples, 3 months, 27.0 to 27.20 ; Palermo, 3
.months, 27.0 to 27.20 ; Messina, 3 months, 27.0 to
27.20 ; Lisbon, 90 days date, 611 to 514 ; Oporto, 90 days
date, 611 to M 4.
At Paris the rate of discount in the open market
is 22 per cent. ; at Hamburg and Frankfort, 31 ;
at Vienna and Amsterdam, 5 ; at Turin, G ; at
Berlin, 4 ; at Brussels, 3 ; and at St. Petersburg,
8 per cent.
The Consolidated Bank have given notice that
they are prepared to cash their promissory notes
due on the Ist February next, kw rebate at the
Bank of England rate of the day.
A meeting of the shareholders in Barned's Bank-
ing Company (Limited) was held at Liverpool
on Thursday, to hear explanation from Mr. J.
Emanuel, solicitor, of London, who is conducting
the prosecution on behalf of those proprietors who
dispute their liability to pay calls on the shares.
Mr. Emanuel contended that the Chancery proceed-
ings have shown that the concern was insol-
vent before the transfer ; that its liabili-
ties amounted to nearly two millions and
a half sterling, against which there was only
18,0001. in cash, and that half a million of the
debts handed over as assets were those of firms
which have since become bankrupt. After some
further statements from the same gentleman, it
was decided that each shareholder who wishes to
join the Defence Association shall pay three
guineas, in order that the case may be fully argued
before the Vice-Chancellor.
The report of the directors of the Bahia and San
Francisco Railway Company (Limited), to be sub-
mitted at the general meeting on the 18th inst.,
shows an increase of 3,0161. in the half year's
traffic, notwithstanding the slowness of the Bra-
zilian authorities to open out communications with
the principal producing districts. An exceptional
expenditure, however, has been incurred to repair
the damages caused to the line by the storms
during the past winter, and thus, though a sum of
59,238/. would otherwise have ieen available, or
equivalent to a dividend of 31 per cent. for the
half-year, the directors say that they cannot re-
commend a higher dividend than 2 per cent. This
will leave 23,2381. applicable to the repairs above-
mentioned.
The Caledonian Railway traffic return shows this
week an increase of 4271. over last year.
The directors of the Merchant shipping Com-
pany (Limited) have issued a circular, in which
they describe a new plan for enabling the share-
holders to diminish the heavy amount of un-
called liability still attaching to them. The shares
are of 501. each, with 15/. paid.o Of the two ca
thells
of 5/. each now announced,is payable on
10th December and the other on the 10th March.
An extraordinary general meeting of the share-
holders in the Singapore Gas Company will be held
at the London Tavern on the 30th inst.