The Express.
London, England, 1866-05-02 00:00:00

MONEY MARKET.-(THIB DA

then
The transactions in stocks and shares to-day are
very limited, and the general course .of prices is
unfavourable, owing to the political oesateilientions
abroad and to an impression that the directors of
the Bank of England may to-morrow raise the rate
of discount, with a view to cheek the outflow of gold.
Consols are unchanged for money,but have declined
per cent. for the account. Foreign bonds and
English railways have also given way, but the re-
duction in the latter is not general. Financial
shares are flat, with the exception of Credit Foncier
and Mobilier, which exhibit a alight improvement.
There is a good demand for money to-day, and
the lowest rate for bills and for advances in the
Stock Exchange is 6 per cent. •
Consols are now quoted 84 to both for money
and the account (May 9).
Turkish Bonds of 1865 and Italian of 1861 are
heavy, and have declined If and 4 per cent., re-
spectively. Spanish Passive have also receded
; Brazilian scrip, t ; and Mexican, 4. Spanish Cer-
tificates, however, have risen 4. Some of the present
prices are as follows : Turkish, 1862, 63 to 65 ; •
ditto, 1865, 30 to ; Greek, 114 to 12 ; Spanish
Passive, 254 to ; ditto Certificate% 151 te 164 ; "
Italian, 1861, 434 to 44; Brazilian scrip, 41 to 3}
dia. ; and Mexican, 191 to 4.
American securities are steady. 5-20 Bonds
are quoted 6874 to 694 ; Erie Railway shares, 501
to 51} ; and Illinois Central, 784 to 79.
The Oneida, from Brazil, has brought 51,8181. in
specie.
International Financial shares are now quoted
It to 1 dis. ; London Financial, 5f to 6
dis. ; General Credit, 4 to t die. ; Imperial
Mercantile, 5i to 44 dis. ; Credit Foncier and
Mobilier, 4to dis ; Overend, Gurney, and
Company, 4 to 4 dis. ; and National Discount,
74 to 8 prem.
About 50,000/. in gold was withdrawn from the
Bank yesterday for transmission to Paris, making a
total of 280,0001. taken out since the date of the
last return. These withdrawals are beginning to
excite an apprehension of an advance in the Bank
rate of discount. The causes of the export of gold
are believed to be chiefly sales of securities here on
foreign account, and the withdrawal by continental
bankers of the balances which for a long time pest
have been sent over for employment at the re-
latively higher rates obtainable for money in the
London market. At this juncture it is satisfactory
to know that the demand for silver for India hie
completely subsided, and that the continued de-
cline in the price of cotton almost precludes the
prospect of its reviving.
The steamer Tasmanian, for the West Indies,
will take to-day only 3,0001. in gold, and 15,0001. in
silver.
The following Australian gold ships are now on
_ the way to England, viz.. :-The Chariot of Fame,
with 34,500 f. ; the Mediator, with 17,0001. ; the
"' Suffolk, with 78,500 i. ; the Donald ki•lisy, with
2
- 18,0001. ; the Macduff, with 119,0001. ; and the
14 7 Royal Standard, with 4,6001. The total is
_ 271,5001., of which a large proportion is now due.
On 'Change yesterday afternoon the rates foe
i" bills on Austria and Italy were little more than
nominal, owing to the alarm of war. The other
exchanges were somewhat firmer than on Friday.
The rates were as follows :
Amsterdam, 3 months, 11.10 t to; ; ditto, 3 days, 11.16 to
dis 17 ; Ruttenlam, months, 11.191 to 1 • Antwerp, 3 mouths,
21.42 t to 47 t ; Hamburg, ens. banoo, 3 months, 13.9 to ;
Paris, 3 days, 2%.10 to lit • ditto, 3 months, 25.373 to 42t-
Frankfort-on•the-31aine, 3 months, 1191 to 1203 ; Peters-
burg per rouble, 3 months, tri to h ; Vienna, elf. So., 3
months, 11.20 to 30; Trieste, ditto. 3 months, :1.20 to 30;
Madrid, 3 months, 461 to 7 ; Cadiz, 3 months. 473 to t ;
Leguorn, 3 months, 'J6.'2O to 26.30 ; Genoa, 3 months,
23.20 to 26::.) ; Milan, 3 months, 26.20 to 26.30 : Naples,
months, 2.i.'29 to 'Al.'s(); Palermo, 3 months, 21420 to
26.30 ; Messina, 3 months, 26.20 to 20.30 ; Lisbon, 'JO days,
514 to 1; Oporto, 90 days, 51t to 1.
Au instalimmt of 15 per cent. fell due yesterday
on the Egyptian Government Railway Loan, but a
considerable portion had previously been paid in
full.
'.!! It is reported that the Brazilian government has
resolved on an expenditure of 260,000!. in the fur-
ther construction of roads in the province of Bahia,
with a view to the development of its great re-
sources. The president of the province, Dr.
Dantas, has ordered the construction (4 a market-
place at the terminus of the railway, which will
cost 12,0001. A pamphlet on the Anglo-Brazilian
railways is in course of publication at Rio de
Janeiro, in which the writer, tienhur Christian
Ottoni an eminent deputy, recommends, as a solu-
tion of' the difficulties as to the Pernambuco Rail-
way Company, that the government should extend
a guarantee per cent. to the total cost of that
line, and apply 1 per cent. to the gradual amorti-
zation of its share capital.
The din:bull of the Chartered Mercantile Bank
of India, London, and China have issued their
eighth annual report, to be presented at the meet-
ing on the 15th inst. It is as follows :
The directors have the pleasure to present to the share-
holders the audited balance-sheet and profit and loss ac-
count of the hank for the year ended 31st December last.
After providing for all bad and doubtful debts, and defray-
ing cost of mainup.inent at all points, the net profit
amounts to I 1d.,t0 which Las to he added a sum
of 66,760/. 7s. 31. undivided profit brought forw:,rd from
the preceding year, making a total of 103,0**,31. 14s. 2d.
out of this Mull 101,2:0 ./. Las been paid in two half-yearly
dividends--nauie1y,63,7501.,0r81 per cent., on the Ist July,
and 37,1001., or:, per cent., on the Ist .Tar.uary last, nialdng
together 13, Is:r cent. for the year. TLe unappioixiated
balance of 2,713/. 14s. 2d. is carried forward to the profit
and loss account of the current year. The shareholders
will be prepared to learn that the bank suffered severely
during the past year, owing to the commercial crisis which
occurred iu the East, as well as from exceptional losses at
Bombay. Fur a time also trade was
`! paralysed as to
render banking and exchange operaions impracticable
with safety or profit. From this combination of adverse
circumstances the result contrasts unfavourable with that
of previou, years, but the directors are glad to state that
the operations of the current ytete are thus far very satis-
factory and encouraging. As Intimated in the last report,
the Mauritius agency was closed ou the 31st December
last. The dir.eters retiring on this occasion are Mr. D.
Linisch and Mr. t;. ...‘l,.y, who, being eligible, offer them-
selves for re-election, and the court recommend them ac-
cordingly. Toe shareholder. will hare to appoint auditors
for the current rear.
An extraw.ditiary meeting of the Metropolitan
Railway Company is called for the 23rd inst., to
4:4 'wider a bill maw bef.‘re parliament
The directors of the ittig!o.Egptian Bank
(Limited) liave issued notice of :in interim divi-
dend of 104. per share, being at the rate of 8 per
cent. per annum for the past half-year, payable
on the 7th inst., and have also made a call of
71. 10s, per share, payable in twu instalment', via,
41. on the 31st Mat., and 31. 10s. on the 15th of
June next.
It is notified that the certificat:s for the second
issue of slutres in Reuter's nt t'ompany
(Limited) am now ready for deli‘.ry, In exchange
for the bankers' receipts.
Subjoined are the quotations of insurance,. gas,
dock, and other shares, as given in the latest '
Exchange list :
Insurance.-Imperial Fire, 352 ; Imperial "
London, 463 ; Rock Life, 75, cx div.
Gas.-European. new, 131; Imperial, 75, 1
Continental, 95t ; London, 119, A ; Plrenix,
Consumers, 14, ex die. ; Westminster Chartered,
new. 421, ; Western, 141. ex div.
Waterworks.-Chelsea. -. Grand Junction.
Docks. Surrey Commercial, 109.

Subjoined are Inc iiiii,....,...-
dock, and other shares, as given in the !stoat Stock
Exchange list :
rial Life, 201 ;
Insurance.—lmperial Fire, 382: Impe
London, 414 ; Rock Life, 7t, ci div.
Gas.—European. new, 6t ; Imperialt 75, A ; Imperial
Continental, 951; London, 09, A ; Ph,entx, 261, I ; Berwey
Consumers, 14, ex div. ; Westminster Chartered, tin; ditto,
new. 42}, 1 ; 'Western, 14i, cx div. .1.
Waterworks.--Chelsea, 29 • Grand Junction, 78k, 9.
Douka.—Surrey Commercial, 109.
.._.. —_ ._..— .
TRAFFIC RETURNS.
-.
miles Pas. Mer- Total, Total. •
ItAILPATS. open singed dandle& 1916. 111119.
Week ending April la it L
Scottish North Eastern . 143
. 5,983 5,773
Weak ending April 1:1. i
Belgian Eastern Junction lll4 110 107 9111
Brecon and Merthyr
Week ending April IA
Slasgem tSouth Western l4O 11.372 10,1101
Week endingpril A 26
Cambrian l3O LOW 1,131 1,131 2,129
Great Lazamboarg
s.n 134 1,1E6 4,968 8,144 5,149
U
On/the ne 3 134 .
i metropolitan
North Landon ll4l
3,010 1,329 4,530 3,5%
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