The Express.
London, England, 1866-03-26 00:00:00

CH 26, 1866.

OS

- • Own dams:

There is little business iJa the stock and share
market' to.day, apart from that connected with
the fortnightly settlement, which has just

commenced. The general tendency of prices, how-
ever, is rather firmer, the aocotmt showing tbat the
meant large sales, especially of financial shares,
were chiefly speculative. The arrival of nearly a
quarter of a million of gold from Australia,
the bulk of which is expected to be taken
to the Bank, is also viewed as eatisisc-
tory. The shares of the financial companies
are inquired for, and a rise of Ifia 6d. has occurred
in Credit Foncier and Mobilier. International
Financial and General Credit are also fractionally
better. The funds, English railways, foreign
bonds, and American securities are quiet, at, with
a few unimportant exceptions, the closing prices of
Saturday.
" • '

The applications for discount are still moderate,
but the supplyof money has diminished, as usual at
this period of the quarter. The general quotation
for good paper is bf to 6 per tent. The rate in the
Stock Exchange for adv►nces till to-morrow on
English government securities is 51 to 6 per cent.
Consols are now quoted sei to 87 for money, and
87 to it, for the sth ApriL
Brazilian scrip and Greek bonds are in demand,
and have improved per cent. On the other hand,
Italian of 1861 have declined I, and Mexican 1. The
tither speculative securities are steady. The prices axe
**follows :—Greek, 141 to 15 ; Mexican, 21f to 72 ;
Spanish Passive, 27} to t ; ditto Certificates, 16
to t ; Turkish, 1862, 68 to ; ditto, 1865, 371 to
; Brazilian scrip, to ,ex div. ; and Ita-
lian, 1861, 80/ to f.
The Viceroy of Egypt's new loan is unaltered,
at to 1 prem. Renter's Telegram shares (new
issue) are quoted f to 1} prem.
American securities are steady. 5-20 bonds are
quoted 711 to i; Erie Railway shares, 55} to ;
and Illinois Central, 79f to f.
The True Briton has arrived from Melbourne
with 144,5001. in gold ; the Wave of Life with
45,5001. ; and the Sarah Grim with 50,5001. The
total is 240,5001.
International Financial shares are now quoted
•tto t dia. ; General Credit, par to prem. ;
' London Financial, 71 to 61 dis. ; Imperial Mercan-
tile, f to f die. ; Credit Fowler and biobilier,
11 to 21 prem.; Oveiend, Gurney, and Company,
11 to f prem. ; and National Discount, 7f to 8
prem.

RALF-rsar Taxis o'Clocx.
Consols are steady, at 861 to 87 for money, and
87 to for the account.
About 6,0001. in gold has been sent into the
Bank.
At Paris this morning the Three per Cent. Rental
opened at 68fr. 55c., showing a rise of II per oent.
It appears from the pamphlet just issued by the
Committee of Spanish American Bondholders, re-
viewing their proceedings from the commencement,
that the meeting of holders of New Granada Bonds,
fixed for next week, has been convened for the pur-
pose ef providing means for remunerating the
agents employed to receive the moneys from the cus-
tom-houses of the Republic. It is proposed to
allow the agents a commission of one per cent on
the amount of the remittances, and to authorisel
Messrs. Baring Brothers and Co. to deduct this one
per cent from the amount of the half-yearly divi-
dends. At the same time the attention of the bond-
holders is called to the necessity of making some
provision for the expenses and remuneration of the
committee. The meeting referred to, originally
fixed for Wednesday next, has been adjourned till
the following day, in consequence of its being
found that the 28th was settling day at the Stock

Exchange."
Mews. Glyn, Mills, Currie, and Co. have
announced the payment in due course of the coupons
due the let of April on the Mexican Anglo-French
Six pee Cent. Loan of 1864.
About 5,0001. in gold was sent into the Bank on
Saturday. The influx continues only moderate,
owing to the absence rif any important supplies,
but about 900,0001. is now due from Australia.
The amount of Government bills on India for
which tenders will be received at the Bank of Eng-
land on the 4th April will be rupees 35,00,000
(350,0001.).
The arrivals of cotton from America during last
week were unusually large, viz, 46,409 bales, in
value about 1,850,000/. Since the lit of January
to the 22nd inst.—eighty-one days—the receipts
amount to 353,596 bales, estimated at over
14,000,0001. Ia the face of figures like theme we
shall probably hear no more of the alarmist cry
that America is unable to send us an equivalent for
the large amount of goods with which we have
supplied her. From other quarters the influx of
cotton into Liverpool continues large, causing •
drooping tendency of prices, which is calculated to
exercise a favourable influence on the money market.
In refutation of the false reports which have been
circulated with reference to the Credit Fonder and
Mobilise of England (Limited), the directors of
that company have issued the annexed circular to
their shareholders :
17 and 18, Cornhill, London, March 24.
Sir.—l beg to forward you herewith the notice of the
next ordinary meeting of the company. Although the di-
rectors do riot, ea a rine, recognise the polio, of addreathas
their shareholders upon every variatou in the quotation
of the shares on the Stock Exchange, they take this
opportunity to state, in sower to some inquiries that
have been made by shareholders, that there exists
so ground whatever for the depredations in the mar-
ket price d the shares in this company which has so un-
aecoustably taken place within the last two or three days.
They can only attribute the fall to the circulation of tor
founded and unjottiBable rumours, mid amongst others,that
of the actual, or intended, resignation of the managing
director, for which there is not a shadow of foundation.
There is, in fact, no reason, so far as the position of the
company is atheerned, why the quotation of the shares is
the market should not be as high as it ever has been. The
directors feel they am justified in making this statement,
seeing that the affairs of the company are in the most pco-
'porous condition, as will appear by the soonest' to be pre-
sented at the forthcoming meeting, and which will be seat
to you in diterrouree.-1 am, too.,
ALF= Lowe, Secretary.
The following letter has been forwarded to the
shareholders of the Ottoman Financial Association
(Limited):