The Express.
London, England, 1866-07-12 00:00:00

MONEY MARKET.-(THIS DAY.)

ON) o'Cupct

The political complications abroad and the with-
drawals of gold from the Bank of England for
exportation continue to have a prejudicial effect
upon the stock and share markets, which are
generally dull. The variations in prices, however,
are not numerous, attention being partly directed
to the settlement of the fortnightly account,
which will be completed to-morrow. Foreign,
stocks have experienced a fresh fall, but
the funds, British railways, and banking and
financial shares, are mostly quoted the same as yes-
terday. The latter are somewhat higher in two
or three instances.

The directors of the Bank of England have
separated without making any change in the rat,
of discount. No alteration was expected, owing
to the reduction in the reserve through the pay-
ment of the dividends and the recent large with,-
drawals of gold for transmission to the Continent. •
The applications for discount to-day are mode-
rate, while the supply of money seeking employ-
ment is large. The rate for good bills is 9to 9i
por cent. hi the Stock Exchange short loans on
English govermuent securities are obtainable at 6
per cent.

Consols are now quoted 871 to g, ex div.,i
for money, and 87a to for the account
(August 9).

The foreign stock market is heavy, and most of
the speculative descriptions have declined. Turkish
Bonds of 1862 and Italian of 1861 have receded 1
per cent. ; Brazilian scrip, I ; Spanish Passive and
Certificates, 1 ; and Turkish of 1865, 3 ; Greek
Bonds, however, have improved per cent.
Turkish Bonds of 1862 are now quoted 50 to 52,
ex div. ; ditto of 1865, 25i to 26 ; Greek, 11g to
121 ; Spanish Passive, 19 to ti ; ditto Certificates,
15 to I ; Italian, 1861, 51! to 521 ; Brazilian scrip,
41 to 4 die ; and Mexican, ltif to
American securities are steady, at the dosing
prices of yesterday. 5-20 Bonds are now quoted
67g to o ; Erie Railway shares, 381 to 391 ; and
Illinois Central, 76 to

International Financial shares are now quoted
2 to If dis. ; London Financial, 12 to 11 dis. ;
General Credit, 2l to 4 dis. ; Credit Foncter,
I! to (g dia.; and National Discount, 8.1 to
prem.

/lALIP-PART TIMES o'CLoes.
Consols are per cent. better, at 87g to ex
div., for money, and 871 to i for the account.
No bullion operations have occurred at the Bank.
The demand for money there has been fair.
At Paris this morning the Throe per Cent. Renter
opened at 67.55, !showing a recovery of per cent.
A further sum of 215,0001. in gold was with-
drawn from the Bank yesterday for trans-
mission to Paris. During the week 107,0001. has
been sent in, and 727,0(XV. taken out for exporta-
tion. The chief cause of these withdrawals is the
distrust which prevails on the continent with re-
gard to our financial position, and it is believed
that this feeling is promoted by the rigorous policy
pursued by the Bank of England. Strange as it
may seem, the probability is that had the Bank rate
been lowered 2 or 3 per cent., foreigners would
have taken our bills instead of requiring specie, as
they do now. It is a peculiar and anomalous state
of things, for the cure of which we must trust to
time and the progress of events.
These is a demand for bar silver for the Con-
tinent, but the quotation is unchanged, at to. I,N.
per ounce.
At a meeting of some of the principal bond-
holders and shareholders of the Italian Irrigation
Canal Company (Canal Csvuur), held on Tuesday at
the offices of the company, it was determined
to appoint a committee to negotiate with the
Italian government with a view to obtain payment
of the guaranteed interest duo on the Ist instant,
and the fulfilment of the further convention to
enable the company to complete the works.
The London and North Western Railway traffic
return shows this week an increase of 3,558/. over
1 the corresponding period of 1865 ; the Midland an
increase of 2,1521. ; the Great Eastern a decrease
; the Metropolitan an increase of 1,2161. ;
tle2,l(rt;cl a. t Western an increase of 5,1691. ; the
Great Northern an increase of 3181. ; and the
London and South Western a decrease of 953/.
_ _

The directors of the Hop and Malt Exchange
and Warehouse Company (Limited) have made a
call of 21. on the shares with .5/. paid. It is payable
by the 3rd of August.
Theannital meetingof the New Zealand Trnst and
Loan Company (Limited) is convened for the 18th
inst.
Creditors of the Railway Finance Company
(Limited), are requested to send the particulars of
their claims to Mr. S. L. Price, the official liqui-
dat,,r, by the lst August, the Bth of that month
having been appointed by the Master of the Rolls
for adjudicating upon them.
The half-yearly meeting of the Scottish Aus-
tralian Investment Company (Limited) is called
for the 27th inst.

WEDNISDAY EVENING.

Consols, which closed yesterday at 871 to 88
for the 9th of August, opened this morning at the
same quotation, and closed at 871 to 1. For money
the last price was 871 to g. The Othela business
report is es follows :—Three per Cent. Consols,
for money, 871, 1,1, 1 • ditto, for account, 87 ,
8:, 7/. 1 ; Three per Oents. Reduced, 86k, 4, ;
24,1
New Three per Cents., 861, ;, g ; Bank Stock, ;
India Stock, 207, 8 ; ditto Five per Cent., 103, L
A ; ditto Five-and-Half per Cent. " enlaced'
rupee paper, 106 ; ditto Four Cent. Bonds, 100.
prem.
Indian government securities were quiet. Ths
March Exchequer Bills were quoted 7e. dia. to
par ; and the June, 3e. dis. to par.
The foreign stock market was heavy, and the
speculative descriptions experienced a general fall,
owing to the unfavourable character of the news
from abroad. Turkish Bonds of 1858 and 1882
showed extreme depression, and fell 3 per cent.
Those of 1865 also declined 1/ per cent.; Danubian,
Moorish, Peruvian of 1865, Russian of 1864,
Egyptian (Railway Debentures), Italian of 1865,
and Venezuelan of 1864, 1; Mexican of 1864, 4 ;
Spanish Passive and Certificates, 0 ' • and Brazilian
! scrip, Greek, Italian of 1861, and Mexican, 1.
i Egyptian Bonds of 1864 were exceptionally firm,
, and rose 1 per cent.