The Express.
London, England, 1867-07-05 00:00:00

MONEY MARKET.-(T1118 DAY.)

(Ma o'Ctocit.

There is no new feature of importance in the
stock and share markets. The dealings are still
upon a very moderate scale, and are principally
speculative, the public showing no disposition to
enter into transactions of importance. It is be-
lieved, however, that an increased amount of busi-
ness will place next week, through the reinvest-
ment in the English funds of a considerable
portion of the dividends. Consols have declined
1 per cent. for money, but are unaltered for the
account. Several of the British railway securities
are better. Foreign stocks are rather firmer,
especially Turkish of 1865 and Spanish Certificates.
The latter have been favourably affected by the
announcement from Madrid that the bill for a
settlement of the debts has been adopted by a
large majority.
The demand for money, though still moderate,
is rather more active than yesterday ; but the rate
for the beat paper remains at 21 per cent., with
occasional transactions at 21. The supply of
money in the Stock Exchange is large, and short
advances are obtainable at 1} per cent.
Consols are now quoted 941 to j, ex div.,
for money and 941 to ex div. for the 10th
instant ; and the Three per Cents. Reduced and
New Three per Cents., 93} to R.
Turkish Bonds of 1865 and Spanish Certificates
are in good demand, and have improved 4 per
cent. Greek are 1 higher, and Spanish Passive 1 ;
but Italian of 1861 have declined 1. Turkish Bonds
of 1862 are quoted 56 to 57, ex div. ; ditto Five
per Cents. of 1865, 301 to 311 ; Greek, 1411 to ;
Spanish Passive, 234 to 1 ; ditto Certificates,
152 to 1 ; Italian of 1861, 481 to 4, ex div. ; and
Mexican, 16 to 1.
The only movement in financial shares is a rise
of 2s. 6d. in General Credit, viz., to 11 to 1} die.,
upon the announcement of the dividend. Inter-
national Financial are quoted 1} to 11 dis. ; Lon-
don Financial, 22 to 21 die. ; and Credit Foncier,
51 to 5} din.
United States 5-20 Bonds have improved 1 per
cent., the present price being 72i to 1, but Erie
and Illinois Central railwayshaxes were unchanged,
at 431 to 441, and 79 to 4 respectively.
Anglo-American Telegraph shares are steady, at
181 to } ; and Atlantic Telegraph 8 per cent. pre-
ference, at 44 to I.
The committee of Spanish American bondholders
invite a meeting, to be held on Monday next, of
the holders of Central American bonds, " to take
into consideration a proposition from the republic
of Honduras for the settlement of the foreign
debt of that State."

Apart from the spasmodic movements of specu-
lation from day to day, it is impossible to
avoid perceiving that the influence which at
present more than any other weighs upon
business in the Stock Exchange is the uncertain
position of the railway property of this kingdom.
It is still of course regarded, as a whole, as a good
property, because its income-yielding resources are
quite unimpaired, or still increasing, yet it is
shunned as an investment on account of its unde-
fined financial position, and of the distrust engen-
dered by the recent revelations. The cry for pre-
cise information cannot long be trifled with by the
directors and Gflicials, for our railways constitute
our greatest home investment, and there is scarcely
• family of position in the kingdom that is not in
some way interested in them, either in the shape
of trust or ordinary investments.

About 38,000 sovereigns from South America,
and 38,0001. in bar gold, were sent into the Bank
yesterday. The influx to that establishment will
continue, there being little or no demand for ex-
portation.
At the half-yearly meeting of the proprietors of
the Union Bank of London, to be held on the 10th
instant, a dividend of 7} per cent., and a bonus of
5 per cent., will be declared for the six months
ended the 30th June last, making, with the dis-
tribution of profits in January last, 22} per cent.
for the year, and being the same rate as in the
previous year.
We understand that the directors of the General
Credit and Discount Company, who, by the articles
of association, are authorised "at any time after
the 30th June to pay such sum not exceeding the
rate of 5 per cent. per annum on account of divi-
dend as they may think fit," have decided to make
a distribution on the 22nd inst., at the rate of 5
per cent. per annum for the six months ending the
30th June. The half-yearly meeting of this com-
pany will be held on the 15th inst.
The Great Western Railway traffic return shows
this week an increase of 1,1011. over the corre-
sponding period of last year ; the Great Northern
an increase of 1,9411. ' - the Great Eastern an
increase of 2,0741. ; the London and South Western
a decrease of 4311.•' the North-Eastern, an increase
of 1,6711. ; the Lancashire and Yorkshire an in-
crease of 1,316/. ; the Manchesteg, Sheffield, and
Lincolnshire a decrease of 2071. ; the North
British an increase of 908/. ; the London, Chat-
ham, and Dover, including the Metropolitan
Extension and Branches, an increase of 1,7601. ;
and the Metropolitan Extension an increase of
3121. _ _

The meeting of the Hudson's Bay Company was
held yesterday, when a dividend was declared of
10s. per share, in addition to the Sc. paid in January
last.
__ _

At the meeting yesterday of the Westminster
Brewery Company (Limited), an interim dividend
at the rate of 6 per cent. per annum was declared.
At a meeting of the directors of the Illinois
Central Railroad Company, held at New York on
the 21st June, it viu resolved—" That a dividend
of five per cent. in cash, free of government tax, be
paid on the let day of August next to the holders
of the full paid shares registered on the 20th
day of July, and that tilt transfer books be
closed on the said 20th day of July, and opened on
the sth day of August."
A meeting of the creditors of the Marselles Ex-
tension Railway and Land Company (Limited)
will be held on the 12th instant, at Vice-Chan-
cellor Melina' chambers, " for the purpose of
ascertaining their wishes with reference to the ap-
pointment of a liquidator or liquidators."
The fourth ordinary general meeting of the York-
street Flax Spinning Company (Limited) will be
held on the 22nd of July, at Belfast, when a divi-
dend will be declared.
The transfer books (for shares on the London
register) of the National Bank of Australasia will
be closed from the 9th to the 15th instant.
Subjoined is Massa'. Cul vereell, Brooks, and Co.'s
report of yesterday's hide sales:
At the twelfth series of hide sales for the year, there
was a fair demand for all descriptions, and in seine in-
stances advanced rates were realised. East India.—Os
and ('ow.—Calcutta were in good request, and mostly sold
at full rates, and at, in !some instances, an advance of id.
par lb. Gopaulpore, Ac., were all sold at improved prices
—of 115,:rZ hides offered 82.100 were sold. East foals.—
Butfale.—There were only • few Gopaulpore offered,
which realised advanced rates. Leatner.— East Indian,
owing to the large arrivals and quantities offered, was
dull of sale ; the parcels sold were at a decline of N. to
Id. per lb. Australian, only part sold at about late rates.
Salted Hides. —South American mostly bought in. Aur
tralian realised full prices. West India sold fairly. My
and Drysalted Hides.—West India realised late rates. Mo-
gadore sold well. Bark.—Mimosa was in only limited de-
mand, and about late rates were obtained for the portion
sold.
The following is the official return of the cheques
and bills cleared at the Bankers' Clearing-house
for the week ending Wednesday, the 3rd of July :
Thursday 04,503,000
Friday 18,E44,000
Saturday 13.770.000
Monday
Tuesday
Wednesday 8,7147,000

Tolid /70.13Et,000
Joni C. Pocoac, Deputy Impeder.