The Express.
London, England, 1867-08-13 00:00:00

44

MONEY MARKET.-(71118 DAY.)

Clia o'Ozooz.

The stock markets are decidedly firm, and the
general tendency of prices is upwards. The English
funds continue in demand, and exhibit's fresh rise
of * per cent. The government broker commenced
his operations for the Sinking Fund this
morning by the purchase of 21,000/. 3 per
Cents. Reduced, at 94k. Several of the British
railway stocks have further improved, as well as
some of the foreign bonds and banking and finan-
cial shares. The recent important advance in
railway property is stated to have considerably
improved the financial position of some of the
latter undertakings. The fortnightly settle-
ment has just commenced, and will be
completed on Thursday. In connexion with the
arrangement of the account, the failure of two specu-
lators for the fall is announced. They ware " bears°
of a large amount of Metropolitan stock, the
recovery in which during the fortnight has reached
nearly 9 per cent.

The demand for money bas somewhat increased,
but the supply is still very large, and the rate for
the beat bills is unchanged, at 14 to 11 per cent.
Consols are quoted 94/ to 95 for money
and 95 to } for the account (Sept. 10), and the
Three per Cents. Reduced and New Three per
Cents., 94/ to 95.
The railway market is firm, with a continuance
of purchases. Metropolitan and Creat Northern
(original) stocks have Unproved 4 per cent. ; Lon_
don and North Western, ; and Great Eaatern,
4. Great Western, however, has declined
} per cent. Annexed are the quotations :-
-Metropolitan, 1271 to 128} ; Great Western, 44
to } ; London and North Western, 1141 to 115} ;
Midland, 1181 to 119 ; Lancashire and Yorkshire,
129} to / ; Caledonian, 1114 to 1124 ; South
Eastern, 661 to 67 ; Great Eastern, 291 to 30 .
Great Northern, 114 to 115 ; ditto A, 114} to 1;
London Chatham. and Dover, 174 to 18 ; North
British, 31 to 32 ; Brighton, 524 to 53}.
Italian Bonds of 1861 are in demand, and have
advanced } per cent., viz., to 49 to }. The other
speculative descriptions are firm at the following
prices :—Turkish of 1862, 57 to 58 ; ditto, of 1865,
314 to 1 ; Greek, 134 to ; Spanish Passive, 21}
to 4 ; ditto, Certificates, 16} to 4 ; and Mexican,
141 to 1.

Bank shares show firmneu. London and West-
minster are still in request, and have experienoed
a fresh rise of IL , viz., to 92 to 94. Imperial
Ottoman are quoted 1 to If dis., being 2s. 6d.
better ; Union of London, 38 to 40 ; and Alliance,
12} to 11} dis.

In the market for financial shares, General
Credit and Credit Foncier have ri. en 2s. 6d., viz.,
to 2to If dia. and 5} to 51 dia., respectively.
International Financial are called 2i to 2 din. ;
and London Financial, 24 to 23 dia.

American securities and Atlantic cable shares
are unchanged, with the exception of a reaction of
1 per cent. in the 5-20 Bonds, the present price
being 73i to 741. Erie Railway shares are quoted
461 to I ; Illinois Central, 771 to 78 ; Anglo-
American Telegraph, 18 to 1 ; and Atlantic Tele-
graph 8 per cent. preference, 4 to I.
The half-yearly meeting of the Credit Foncier
of England (Limited) will be held on the 19th inst.
The ordinary general meeting of the English and
Foreign Credit Company is convened for the 27th
inst., when a dividend will be declared.

The final instalment of 6/., making 861. paid,
falls due on Thursday next on the Russian Lam
introduced here in November, 1866. On the same
day an instalment of 71. is payable on the Chili=
Six per Cent. Loan brought forward in January
last.

There were no gold transactions at the Bank
yesterday. The remittances from New York to this
country are expected to diminish, owing to the
unfavourable movement in the exchange.
The Deutschland has arrived from New York
with 13,000!. in specie.
It is understood that the whole of the new issue
of Brighton Railway ordinary stock has been sub-
scribed for.

The death is announced, at the age of 76 of Mr.
W. W. Scrimgeour, of the Union Bank of London,
the manager of that undertaking from its esta-
blishment in 1839 until the year 184i6, when he re-
tired, and became a director. Previously to 1839
Mr. Bcrimgeour had been in the Bank of England.
The directors of Frederick Braby and Co.
(Limited) have declared an interim dividend for
the half-year at the rate of 10 per cent. per annum.
At the meeting of the Charing-cross Hotel Com-
pany, held yesterday, the directors report was
adopted, and a dividend declared at the rate of 10
per cent. per Pnnum, free of income tax, leaving
1,0191. to be carried forward.
The South Eastern Railway traffic return shows
this week an increase of 3,6721. over last year, and
the London, Brighton, and South Coast an in-
crease of 3,7381.
The half-yearly meeting of the Millwall Free-
hold Land and Docks Company will be held on
the 27th inst., when the directors will ask for
authority to issue such portion of the preference
shares as remain unissued.
Annexed is an extract from the Produce Markets
Review :

The Bank returns again show an increase in the gold
and silver coin and bullion, so that it is evident that the
reduction in the rase of discount a fortnight since to 2
per oent is as powerless to encourage trade as the 10 per
cent. rate last year was to attract coin to this country.
Unless some means are found for employing the capital
now accumulating, money will—in comparison with coil.
moditiee—become too plentiful, and the proper balance
will only be rectored by a general rite in prices. In the
note. in active circulation there is an increase of
1,160,5201., and of 329,1111. in the bullion ; there
is a slight discredits in the seven dvy and other
bills, and in the securities, government and private ;
but in the private deposits this decrease amounts to
1,096,8851. as compared with the returns of last week. The
bullion in the Bank of France shows an increase of
700,0001. Subjoined is a comparison of the present po-
sition of the Bank and the price of Consols for the week
ending August 10, 1867, with the corresponding periods of
the two previous years:
1967. 1866. 12435.
Bank Bullion £23 444 111.4:122,429 L 14121,300
Reserve of Notes
Notselnleireulation 24.343.480.. 25.0112,2:00 22.022,130
Bate of Disaiunt
Consols for Money .. 871 .. BYI

MONDAY EVINDIG.

--
Consols, which dosed on Saturday at 341 for
the 10th of September, opened this morning at 941
to 1, and dosed at 94/ to 95. For money the last
price was 94} to 4. The Three per Centa. Reduced
and New Three per Cents, were quoted at 3 o'clock
SO to .The official business report is as fol-
lows :—per Cent. Consols, for money, 94/,
ft, 1,5, 43 ; ditto, for account, 941, 5 • Three per
Cents. Reduced,944, 1,1, ; New Three; per Cents.,
941, 3,4, ; Bank Stool, 60 ; India Five per
Cent. Stock, 113, 124 ; ditto Five per Cent. " en-
faced" rupee paper, 103, 21.
The Indian Five per Cent, stock left off at 112;
to 113, showing no movement of importance. Ez-
chequer Bills were steady, at 245. to 28e. prem.
The foreign stock market was firmer, and the
general course of prices favourable. Turkish Bonds
were in prominent demand, and those of 1858,
1862, and 1865 rose to 1 per cent. Danubian of
1867 improved 1•, Russian of 1862 and 1866, as
well as some of the Egyptian, ; ; Italian of 1861,
1 ; and Spanish Certificates, 1.

SUICIDE 0? • GENTLEMAN.—Last evening Mr.
George Hudson committed suicide by banging himself in
the garden at the rear of his residence, in Temp!e
near Bray. The deceased gentleman was one of thee
clerks of the Court of Chancery, and had been a guardian
of the Loughlinstown Union. It is supposed that the de-
preesion of spirits caused by the loss of a chancery suit in
which Mr. Hudson was greatly interested was the cause of
this rash act.—Dublin Evening Mad.