The Express.
London, England, 1866-12-18 00:00:00

MONEY M,

Oira o'CLucz.
In the Stock Exchange to-day the principal
feature is the continued active demand for British
railway securities, which exhibit a fresh advance,
ranging from ito 2 per cent. The purchases have
been very numerous, the speculators who have
recently sold to a large extent showing a very
strong desire to close their accounts. South
Eastern stock was in strong request this
morning, and rote to 65, " buyers," upon
the announcement that upwards of 100,0001.
of the debentures of this company, falling due in
January next, have been renewed by the Bank of
England for three years, at 5 per cent. interest. A
reaction has since taken place, yet the present
price is about 2 per cent. higher than yesterday.
The improvement in this stock in two days has
consequently reached nearly 4 per cent. The
funds have also advanced It per cent., and some of
the foreign bonds and miscellaneous shares are in-
qu;red for.
There is a good demand for money to-day, espe-
cially at the Bank of England. The charge in the
general market for the best bills ranges from 31 to
4 per cent. A large amount of Australian paper
has just arrived at maturity. The quotation for
loans from day to day on English government
securities is 3 to 4 per cent.
Consols are now quoted 891 to i, cx div., for
money, and 89i to +, ex div., for the account
(January 10).
Spanish Passive, the Committee's Certificates,
and Mexican Bonds have advanced 1 per cent.,
while Turkish of 1865 have decined 1. Turkish
of 1862 are also i lower. Russian scrip is
called 1 to 11 prem., being steady. Turkish
Bonds of 1862 are quoted 57i to 58i ; ditto
of 1865, 32i to 33k; Greek, 131 to 14; Spanish
Passive, 201 to i ; ditto Certificates, 131 to 14 ; Ita-
lian of 1861, 553 to 56; Mexican, 181 to i.
United States 5-20 Bonds and Erie Railway
shares are in demand, and have improved 1 to ,
per cent., being quoted 711 to i, and 471 to i
respectively. Illinois Central are steady, at 7771
to 78.
Anglo-American Telegraph and Atlantic Tele-
g7aph 8 per Cent. Preference shares are unaltered ;
the former are called 161 to 1, and the letter 3i
to ,i.
International Financial shares are quoted
to 21 dis. ; London Financial, 1971 to liPi dis. ;
General Credit, 2g to 2i dia. ; Credit Fancier,
5} to 51 dis. ; National Discount, 9i., to i prem. ;
and Hudson's Bay, 10 to ff.
The Crown agents for the colonies notify that
they will receive tenders until Saturday next for
the sum of 250,000 rupees. No tender will be
accepted, nor will any bill be drawn for a less suns
than 5,000 rupees.
The half-yearly interest on the Bonds of the
Lombardo-Venetian Railway Company, at the
rate of 7fr. 50c., will be paid on the 2nd of
January.
Messrs. Fruhling and Goschen have sumounced
that the coupons due the Ist January on the Egyp-
tian Government Railways Debenture Loan will be
paid at their offices on and after that day.
About 3,0001. in gold was sent iuto the Bank
yesterday.
The Aleppo, from New York, has brought
27,000/. in specie.
It appears that " Lloyd's " and the "Jerusalem"
will be open for business on Monday, the 24th,
and Wednesday, the 26th inst. On the latter day the
mails for Calcutta, China, Australia, and Mauritius
are made up, thus compelling the attendance in
the City of merchants and others.
The application for the sanction of the Court of
Chancery to the arrangements for the resuscitation
of the Agra Bank was adjourned yesterday till to-
morrow, owing to a pressure of business in tile
court.
The failure was announced yesterday of Messrs.
James Barber and Co. an old and respectable firm
in the East India trade. Their liabilities are be-
lieved to be considerable, but the exact amount
has not yet transpired. As will be seen by the
subjoined circular, which has been sent to the
creditors, the partners believe that they will
eventually be able to pay 20s. in the pound :
136, Leadethall-street, London, Dec. 14.
It is with deep regret that we have to advise the receipt
this morning of a tele;;ram from Calcutta, announcing the
stoppage of our agents there, Messrs. Gordon, Stuart, and
Co., and as they owe us a very large sum of money we feel
it our duty to call our credito tther, anlace the
state of affairs before them, that they may take such mea-
sures as they deem best for realizing our estate.
Notwithstanding the heaiy loss which must be looked
fur on our Calcutta account, we believe that with tine and
careful realization all our creditors will be puid in full.
A statement of our affairs is now being made up. and
we would invite your attendance at our office on Thurs-
day, the 220th inst., at 1 o'clock.
Requesting your forbearance in the meantime, we
remain, Sc., JADES Ii.IIWER and CO.
The South Eastern Railway traffic return shows
this week an increase of 1,0761. compared with
the corresponding period of 1665 ; and the Lon-
don, Brighton, and South Coast an increase of
1,962/.
The Grand Trunk Rail way of Canada traffic return
for the week ending Nov. 24 shows a decrease of
' 2,519/. compared with the corresponding period of
11865 ; and the Great Western, for the week ending
' Nov. 30, a decrease of 4,1551.
The traffic receipts of the Atlantic and Great
Western Railway for the first three weeks in No-
vember were 388,665 dots., _ against 471,14-1 dole.
in the corresponding period of last year, showing
a decrease of 82,479 dols.
The directors of the Provincial Bank of Ireland
have given notice that a dividend for the half-year
ending Christmas next, at the rate of 4 per cent.
on the paid up stock of the bank, and also an
extraordinary dividend of 30s. on each 1001. share,
and 12s. on each 10!. share, will be paid to the
proprietors on Tuesday, the 15th of January.
The Central Argentine Railway Company have
made a call of 21. per share, making 18/. 10s. called
up, payable by the 16th January.
The meeting of the Aerated Bread Comp anv
(Limited) was held yesterday. The balance of. prdofit
for the six months was stated at 3,962!., an a
dividend of 5 per cent. was declared for the twelve
months ending October last.
An extraordinary general meeting of the Palace
and Burlington Hotels Company
for the 28th instant, when a diviLdeininditeisd)toisbeeddiede-

dared.
The liquidators of " Harper Twelvetrees (Li-
mited) "—Mesars. Edwin Kelly and John James I
Andrew—have issued a report on the winding-up
of the company. The affair is only a small one,
but the facts mentioned in the circular, that the
whole expenses of the liquidation up to the 31st
October were not 1.001., and that the law costs were
not 101. up to that date, deserve to be placed on
record, and to be brought to the notice of liquida-
tors generally.
It is stated that the Canadian delegates have
settled all the points at issue with the New Bruns-
wick and Nova Scotia delegates, on the one hand,
and with the Imperial government on the other,
regarding the Confederation of British North
America. A bill on the accepted basis will be
introduced at the opening of next session to con-
firm this arrangement. The system of confedera,
tion, accompanied by an Imperial guarantee of the
Intercolonial Railway, having been sanctioned by
British ministries of all parties, no doubt seems to
be entertained of the measure being well received
by the House of Commons. It is arranged that
this Imperial guarantee, originally fixed at
3,000,0001., shall- be extended to 4,000,0001.—if
that, amount shall be found requisite. The dele-
gates further compute that the Intercolonial
line
can be completed'within two years, so as to con-
nect the Grand Trunk Railway with Halifax.
Indeed, three sections of this line between Quebec