The Express.
London, England, 1866-12-05 00:00:00

MONEY M

ARKET.-(THI8 DAY.)

Oma ()Tsang.
There are still very few dealings in the Stock
Exchange, and the tone of the various markets
remains dull. The impression now seems to be
that no general recovery will take place
this year, but it is hoped that in January,
with the release of the dividends, and
perhaps a further reduction in the Bank
of England rate of discount, some revival of busi-
ness may occur. The transactions in Consols are
chiefly confined to the monthly settlement, which
will be concluded to-morrow, and quotations are
unaltered. British railways and foreign stocks
are inactive, but Italian Bonds of 1861 and Rus-
sian sail) show firmness. Some of the old Rus-
sian loans are also inquired for, chiefly on Conti-
nental account.
The demand for money continues moderate, and
the supply in some quarters is large. The rate
for choice bills is 3/ to 4 per cent. ; and for short
loans in the Stock Exchange, on English Govern-
ment securities, 3.
Consols are now quoted est to a, ex div., both
for money and to-morrow's settlement, and 881 to
.g ex div., for the new account (January 10).
Italian Bonds of 1861 and Russian scrip are in-
quired for, and have advanced per cent. Spanish
Passive have declined Mexican remain heavy,
at the reduction of yesterday. Turkish Bonds of
1862 are quoted 571, to 5812 ; ditto 1865, 321 to
; Greek, 131 to 14 ; Spanish Passive, 19.1 to
20 ; ditto Certificates, 131 to ; Italian of 1861,
55g to c,,; Mexican, 181 to 1.
United States 5-20 Bonds have improved 1
per cent., viz., to 7011 to Erie Railway shares
are quoted 461 to 47, and Illinois Central, 77 to it,
showing no change.
Anglo-American Telegraph shares are r better,
at 141 to 15, and Atlantic Telegraph Eight per
Cent. Preference firm, at 3lt to 1.
It is reported that a sufficient number of shares
in the Nicaragua Railway have already been
applied for to float the undertaking. The shares
are quoted to 1 prem.
International Financial shares are quoted 2T:
to 1. die. ; London Financial, 17i to 16-i dia. ;
General Credit, 21 to 2i dis. ; Credit Foncier,
51 to 1 die. ; National Discount, 9 to „ prem. ;
and Hudson's Bay, 161 to 1.
Yesterday being the 4th of the month, there was
a good demand at the Bank discount office. The
general market was quiet, but the rates were firm
at V, to 4 per cent. for choice paper. Considering
the accumulation in the Bank of England of the
large funds collected by the liquidators of failed
companies, together with the fact that we have now
arrived at a season when unusually heavy pay-
ments on government account begin to be made
into that establishment, and when most persons
arc desirous of accumulating good balances in pre-
paration for the numerous demands at the close of
the year, it would seem probable that the Bank
minimum will be maintained at its existing level of
4 per cent. for some weeks to come, although it is
very possible that increased ease and lower rates
may prevail upon the payment of the January
dividends.
About 10,000 sovereigns were withdrawn from
the Bank yesterday for Alexandria.
Of the 479,0001. by the Seine, from the West
Indies and Mexico, 106,0007. is gold, 61,0001. bar
silver, and 312,0001. Mexican dollars.
The Ripon left Southampton yesterday with 331/.
in gold for Madras, 4751. in silver for Ahanghae,
and 50,3577. in silver for Hong Kong. The excep-
tional nature of the latter remittance has already
been referred to ; the money is required for the
purposes of the Hong Kong mint.
The foreign exchanges yesterday afternoon were
firm. The rates for bills on Holland and Viena
were slightly more favourable for this country.
The usual list is subjoined :
Amsterdam, 3 months, 11.19 to 11.194 ; ditto, short,
11.16 to 11.17 ; Rotterdam, 3 months, 11.19 to 11.17irf ;
Antwerp, 3 months, 25.423 to 25.473; Brussels, 3 months,
25.423 to 25.471; Hamburg and Altona, 3 months, 13.4 A to
13.0 ; Berlin, Cologne, &c., 3 months, 6.253 to 6.2431. ;
St. Petersburg, 3 months, 31 to 30t ; Paris, short, 25.15
to 25.25 ; ditto, 3 months, 25.35 to 25.40 ; Marseilles,
3 months, 25.371 to 25.42 A ; Frankfort-on-the-Maine,
3 months, 110/ to 120 ; Vienna, 3 months 13.10 to
13.20 ; Trieste, 3 months, 13.10 to 13.20 ; Madrid, 3
' months, 471 to 47) ; Santander, 3 months. 48 to 471; Cadiz,
1:i months, 483 to 484; Seville, 3 months, 4,;?, to 41q ; Malaga,
3 months, 4S to 474 ; Valencia, :3 months 48, to 48 ; Bar-
' celoea, 3 months 481 13d
boa. to 48t, ; boa. 3 months, 4% to
473 ; Saragossa, '3
months, 48 to 471 ; Leghorn. 3
months, 27.221 to 27.273; Genoa, months, 27.221 to
27.273 ; Naples, 3 months, 27.2.23 to 27.273 ; Palermo, 3
inontts, 27.221 to 27.273_ ,• Dleisina, 3 mouths,27.22s to
27.273 ; Lisbon, 90 days' date, 511 to 513; Oporto, 90 clays'
date, 511 to 513.
Advices from Manchester announce the failure
of Messrs. Abraham Triost and Sons, an old and
respectable mercantile house. Their liabilities are
stated to be large.
At a meeting of the creditors of Mr. Dargan, the
eminent railway contractor, held in Dublin, the
liabilities were stated at 175,0001., and the assets,
comprising railway stocks, house property, &c., at
over 200,0001., at existing values.
The South Eastern Railway traffic return shows
this week an increase of 1,101/. over the corre-
sponding period of 1865 ; the London, Brighton,
and South Coast an increase of 1,6817. ; the Metro-
politan an increase of 1,356/. ; and the Glasgow
and South Western a decrease of 350/.
The traffic earnings of the Great Western Rail-
way of Canada for the week ending Nov. 23 reached
12,0807., showing a decrease of 3,4261., compared
with the corresponding period last year.
At the meeting yesterday of the proprietors of
the Bank of British North America, the directors'
report, which has already been published, was
adopted. It announced the declaration of the
usual half-yearly dividend of 30s. per share, being
at the rate of 6 per cent. per annum.
The Peninsular and Oriental Steam Company
have issued the annexed advertisement, notifying
an increase in the existing sail communication
with Bombay. The change is a voluntary act on
the part of the company, and its permanence will
of course depend upon the additional service
proving remunerative :
The directors of the peninsular and Oriental Steam
el:
service,at°.fivntrdulu
Australian
month
departure
maneuStl:ue Company
eaeiinnzaaw
marime andi betweenc
tntpitihhg:
cjtakenantvß opkhnteleecTittullsie:teoebhnsln: naebny :Peg e axivahtxttnnhlei adet:3ti steamer
Suez
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ae fortnightlywitrasliwton.h‘villofaea Calcutta,nstßtieeC runmhi2inebenar laht:
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January, from Southampton, and on the 28th January
from Marseilles, and the departures
corres-
and arrivals will con-
tinue until further notice, in regular orde, in
pondence with the Calcutta, &c., mails.
The first ordinary general meeting of the Colonial
Company (Limited) is fixed for the 6th inst., and '
will be made special to amend in one or two points
the articles of emaciation
A general meeting of the Rajawelle Coffee Estate
Company (Limited) is called for the 15th inst.
Two petitions for the winding up of the Natal
Investment Company (Limited) are to be heard in
the Court of Chancery on the 15th inst.
Subjoined are the quotations o f insurance, gas,
dock, and other shares, as given in the Stock Ex-
change list of last evening :
Insurance.--Clerical, Medical, and General Life, 26, 1 ;
Commercial Union, 5 ; Guardian, 46, 5A ; Imperial Fire,
331 ; Thames and Mersey Marine (Limited), 5;, 5.
Gaslight and Coke.-Bombay (Limited). new, 21 ; City
of London, A, 25, 7; Ditto, r. , 6 ; Imperial Continental,
89, 90, ex div. ; Surrey Consumers, 131.
Docks.-London and St. Katherine, 06, 53, 63, 1.
Waterworks.-Berlin, 111.

TrESDAT EVENING.
Consols, which closed yesterday at est to j,
ex div., both for money and next Thursdays
settlement opened and closed to-day at the same
quotation., For the 10th of Jan. the last price

was 88} to i. The official business report is as
follows :—Three per Cent. Comm* for money,
egii_ii }, I ; ditto, for account, 88i, I ; Three
per Cents. Reduced, 87i, i ; New Three per Cents.,
87A i, ditto Two-and-a-Half per Cents,
.roi, •, Bank Stock. 249, si ; India Five per Cent.
Steck, 10341, I: ditto Five per Cent. "enlaced
rupee paper, 101. q, I ; ditto Five-and-a-Half per
Cent., loq, 5} ; ditto Five per Cent. Debentures,
1024, i ; ditto Bonds, 255. prem.
Indian Government securities were steady.
Exchequer Bills were unaltered at is. to se.

prem.
The amount of business in the foreign stock
market was limited, and the tendency of prices, on
the whole, rather unfavourable. Venezuelan Bonds
of 1862 and 18i.',4 were again pressed for sale, and
experienced a fresh fall of Ito 2 per cent. The
Three per Cents. also declined 1 per cent., and the
One-and-a-Half per Cents., 4. Peruvian receded
1 per cent. ; Mexican, 1 ; asut Turkish of 1866 and
Spanish Certificates, 1. On the other hand, Bra-
zilian Old B..nds and Italian (Maremmana) Rail-
way advanced 1 per cent. ; and Moorish. Russian
of 1850, and Turkish of 1862, i.
The scrip of the New Russian Loan, after im-
proving, upon repurchases by speculative sellers, to
10 to 1?. prem., cruel at 13.- to 11 prem., being t
better than ye3terd,iy.