The Express.
London, England, 1868-01-08 00:00:00

1,4868.

,Itoirzr KA 111017.-(771D3 DAY.)
0111 O'Ol.OOE.
A vague feeling of distrust with regard to the
future course of our relations with the United
States government has induced further speculative
sales of the English funds to-day, but no addi-
tional reduction of any importance has taken place,
the market being supported by the re-investment
of a small portion of the dividends, the payment of
which at the Bank of England commenced this
morning. Railway stocks are in request, at an
improvement in several cases. Foreign bonds are
also firm. Banking and financial shares have been
little dealt in. As regards miscellaneous descriptions
Atlantic Cable have experienced an important im-
provement, upon a rumour that the Atlantic Tele-
graph Company, in accordance with the power
originally taken by the directors, have arranged to',
pay off the shareholders in the Anglo-American
Telegraph at 20?. per share, or 10/. premium. i
: United States 5-20 bonds have again given way. I
i The supply of money in the discount market I
i has largely augmented to-day, in consequence of I
the payment of the dividends at the Bank. An 1
: increased number of transactions in the best payer
have accordingly taken place at 11 per cent., or al
below the Bank rate. There is little or no demand
in the Stock Exchange for short loans at 1 per cent.
Consols are quoted 92, ex div., for money, and
92 tof for the new account (6th February). The
Three per Cents. Reduced and New Three per
Cents are dull at 92 to 1.
The railway stocks are inquired for, and the
tendency of prices generally is favourable. Metro-
politan, and York and North Midland have im-
proved 1 per cent. ; London and North Western,'
1; Caledonian, 1 ; and Great Eastern, 1. Great
Western, however, has receded 1. Subjoined
are the quotations :-Metropolitan, 1141 to 1 ;
Great Western, 441 to 1 ; London and North West-
ern, 114 k to f ; Midland, 103 to 1 ; Lancashire
and Yorkshire, 1221 to 123 ; Caledonian, 741 to 11
South Eastern, 671 to f ; Great Eastern, 30 to 1 ;
Great Northern, 106 to 107 ; ditto A, 1081 to 1 ;
London, Chatham, and Dover, 18 to 1 ; North
British, 331 to 341 ; Brighton, 481 to 1 ; Berwick,
981 to 991 ; and York and North Midland, 911
to 921.
There is a moderate demand for foreign stocks.
t 7.- Egyptian of 1864 have improved 1 per cent., viz.,
to 831 to 861 ; and Greek are 1 better, at 121 to /.
Turkish of 1862 are at 561 to 37i ; ditto, of 1863,
301 to 1 ; Spanish New Three per Cents., 341 to
1 ; Italian of 1801, 41,,, to I, showing a decline of
pal 1; and Mexican, 151 to 1.
The transactions in American securities exhibit a
preponderance of sales. The 5-20 Bonds are
quoted 711 to 1, showing a fresh decline of 1 ;
Erie Railway shares, 481 to 1 ; and Illinois
Central, Bdf to 1.
101 Anglo-American and Atlantic Telegraph Eight
per Cent. Preference shares have advanced ss. to
10e., being quoted 191 to 20 and 31 to 1, re-
spectively.
In the market for bank shares, Chartered Mer-
cantile of India have receded 10s. Ilia., to 271 to
24. London sand Westminster are quoted 70 to 1
71 ; Union of London, 35 to 36 ; Imperial Otte-
man, 1} to 11 die., ex div. ; and London and
County, 541 to 54.
-- Financial shares have changed h Inds to a
slight extent, at yesterday's quotations. Intern?-
"5 4 tional Financial, 21 to II die. ; London, 231 to 221
t
- dia. ; General Credit, 21 to 21 die. ; and Credi,.
= its Foncier, 3} to 1 per share.
1 - Petitions for the winding up of the United
-.
- id English and Scottish Life Insurance Company
... (Limited) and London and Westminster C.. - Ter,i-
-= tire Stores (Limited) are tope heard before Vice-
.. Chancellor Malins on the 17th instant. A
- re
_ petition for the continuance of the volun-
-' 41. tary winding up of the Wholesale and Export
-.
- Drug Company, subject to the supervision of the
= Court of Chancery, is also to be heard on the same
- day.
- The half-yearly meeting of the Scottieh Austra-
= lian Investment Company (Limited) will be held
- on the 31st. inst., when a!dividend will be declared.
-
HALT-PART ONE O'CLOCK.
- Consols are inquired for,!and hate improved 1
- per cent., vie., to 921 to 1, ex dlr., fur money and
i 34-1 the account. A similar movement has occurred in
vi - the Three per Cents. Reduced and New Three per
1 -Id Cents. Great Western, South Eastern, and Ber-
Al i- - wick railway stocks have advanced 1t . 1 leer cont.
L ''' 14 since 1 o'clock ; but London and North Western,
Midland, Great Northern A, and Caledonian have
ai - declined to the same extent. Great Eastern is
is! -- decidedly heavy, and has fallen I f per cent., the,
• - present price being 2SI to 29. Foreign securities 1
It - are quiet.
t - The report of the committee .4 investigation I
✓ -
it - of the Caledonian company continues to be
1,0 -
= much canvassed, and thejklirectors' report, to
ell be issued in February, will be looked for
Ed, " ad ward to with great interest, as it will show
W'
--_ what dividend can be exhibited now that the
m' I
L.l premium fund is to be allocated to other purr:dies,'
I- - and the lino thus to be left to depend on its own
• = earnings. It is felt to be a great defect that the
i
du - report of the committee of investigation is so
et -
& - silent with regard to the prospects for the future-
.-
pi b point in which it falls far short of the report
14' ~: issued by the committee of investigation of the
-
els Brighton Company.
Al - With reference to the new Portuguese Loan,
hut lot re Mesas. Stern Brothers have given notice that
di- "payments in full of all the instalments on this
...7. loan will bet received from the Bth to 30th January
- inclusive, with discount at the rate of 5 per cent.
per annum from date of payment. After the 30th
init. full payments can only be made upon the days
on which the instalments fall due."
About 28,000?. in bar gold was sent into the
Bank yesterday, while 15,090 sovereigns were
rusts-1
drawn for Alexandria. The 209,0001.
lien, by the Anglesea, was taken for the Continent,
making the total purchased for that quarter during
the last day or two, out of the recent arrivals,
about 800,0001. It is consideredremarkable that
so large an amount has been moved without re-
ducing any appreciable increase of demand in the
discount market.
On 'Change yesterday afternoon the rates for
bills on Holland and Vienna were somewhat leas
favourable for this country. As regards other places
there was no change. The rates were as under :
Aresterdeat 3 assaths, 12.01 to 12.01; ditto, short,
11.18 to 11.111; Eatiordaoi, 3 months, 12.01 to 12.01 ;
II war. 5.36 to 23.40; Brussels, S mcotho,
M. 35 to *49; Miami end Mona,ltesoathe, 13.91 to
11.1t212.1...5c1it 050=81311%.33rieri1.:::220:t0, 1.511 ti
r .. .a. =oaths, 15.3 D to 25.35 ; Mareoilleo,
30 to 15.35 • Irosaldert.en4ho-Molne,
3 mimes. 1101 to 1301 ; Timm. 3 sacoths. 12.30 to
12.40 $ MUM*. 3 months, 12.30 to 1140; Mark% 3
mead^ Erratoode, 3 tonthe, 415} to 414 ; Osdia,
3 otsallsk to4B ; Satelo, 3maaths, 8 bat;
3loosehs. to ; yabiallsOsisaths.4Bl lo 483 ; Bar-
ash," S Meths. 481 to 481 ; Mao, 3 vesathe, 481 to
iii t is 3 &matt 41 to 488 t ,s. 3
aril" ILO MOO 1 3 lasses, 211.40 to
s M. to /0.30 ; Wor, 3
liki9atsilddLitrdte en lalloir II swamp 29.40 to
0.00 • 901 are dials.llll to El; Oros% 10 days'
date. hi ee. i.
The madras Railway Conicany, with the sanction
of her Majesty's Secretary of She for India in
Count, have issued additional capital to the ex-
tent et one million steeling, in shares of 201. each,
bearing a guaranteed interest of 5 per cent. per
anntss.

-,3

It appears that the liquidators of Barned's tank-
ing Company (Limited) intend to proceed, imme-
diately upon the opening of the Chancery offices
on the Bth inst., towards the enforcement of a call
upon part members.
The London, Brighton, and South Coast Rail-
way traffic return shows thin week an increase of
3,509/. over the corresponding period of 1867 ; and
the Glasgow and South Western a decrease of 6531.
It was inaccurately stated on Monday that the
Caledonian Railway traffic for the half-veer up to
the 31st December showed a decrease, compared
with the corresponding period of the precious year,
the fact appearing to be that there is an increase of
upwards of 9,000/. The last weekly retarn, how-
ever, showed a diminution of 1,3741. compared with
the corresponding period.
The traffic return of the Great Western Railway
of Canada for the week ending the 3rd inst.
shows an increase of 1.0921. compared with last
year • and the Grand Trunk return for the week
ending the 21st of December a decrease of 1,9091.
The half-yearly meeting of the Fait and West
India Dock Company is called for the 17th inst.
Subjoined are the quotations of insurance, gas,
dock, and canal shares, as given in the Stock
Exchange list of last evening :
lasursine—Comasrcial Enloe, 41; North British and
Mercantile, 15). Ocean Marine, 21, 201, 20, 1 ; Thames
and Mersey Maine (Limited), 51.16, 5 ; Universal Marine
(Limited), 4f. e. Gaslight and Coke—Bombay (Limited), 4). t, thy.
City of Moscow (;a.., 101; Commercial, 32; European
(New), 7 ; Groat Cectril, 12„ f, ; Imperial Continental,
931 f London, 62', ,1; Western, B, M.
locus—East and West India, IN, 1; London and St.
Katherine, 51.
Canals--Regent's (or London), 21, 1„ Wof, lf,
The numbers are published of 1,287 bonds,
amounting to 28291 ' 001. of the Consolidated Peru-
vian Five per Cent. Loan of 1865, which were
drawn on the 2nd inst., and are to be paid off at
par on the Ist of April.

TUESDAY

Consols, which closed yesterday at 92 ex div.,
for the 7th February, opened this morning at 921
to g, and closed at 9'4, or 92 1-16 to 3-16. For
money the last price was 92 to The Three per
Cents. Reduced and New Three per Cents. were
quoted at 3 o'clock 92 to 4. The official business
report is as follows :—Three per Cent. Consols,
for money, 921, 1,1, ex div. ; ditto, for account,
94), ex div. ; Three per Cents. Reduced, 921, 2,
1., 2 ; New Three per Cents., 921, 2, h, 2, 1 : Bank
Rock, 239, 41 ; India Stock, 217, 161 ex dir.; ditto
Five per Cent., 111 j, 10i, 11 ex d.v.; ditto
Four per Cent., 109 g ; ditto Five per Cent.
" enfaced" rupee paper, 1034 ; ditto Five-au...-a-
Half per Cent., 108 ; ditto gond', 355. prem.
Little change occurred in Indian gowria:lent
securities.
Exchequer Bills were rather flat, at 225. t..

prem.
The foreign stock market was firm, With a ae-
rate demand for some of the bonds I% Ittc:k axe
usually not much dealt in. Colombian and Peru-
vian of 181;5 advanced 1 per cent. ; Egyptian and
Chili= of 1866 and 1867, i; Spanish New Deferred
and Italian of IS6I, ; an Spanish New Three par
Cents., ft. Turkish of 1865 were exceptiona.ly
flat, and declined 1. The advance in Peruvian is
stated to be caused by repurchases by the :I-liters
of drawn bonds.
Egyptian Nine per Cont. Scrip was last .tioteil
dis. to J'„ prem. ; Portuguese Scrip, to 1 vre:u.;
and the Honduras Government Railway L

to 1 prem., ex coupon.
Great Eastern ilailway stock was deal; In to-
day as low as 29::, being about 2 lower C. ,an
yesterday, owing to the announcement floe. Mr.
Watkin, has declined to take a seat at the
board. The closing quotation showed a partial re-
covery, yet was g below that of yesterday.
Transactions to a fair extent were reportej. in
bank shares. Loudon and Brazilian intpr,4 ed
11. ; Anglo Egyptian and English Bank oi Iti.. de
Janeiro, 10a. ; and London and River Inate (11.-7).
ss. London and Westminster (new) and Ctn.... of
London, however, declined 10s.
As regards filimcial shares, London Financial
declined 10s., awl International and General
Credit were slightly worse. Credit Foncier, how-
ever, met with inquiry. Prices dosed as :
International 2t to 2 dis. ; G.i.eral
Credit, 2g to n ; London Financial, 231 to
fai die. ; and Credit Fonder, 311 to 34 per sitar?.
• few dealinos took place in Atlantic C.-'4e
shares at yesterday's quotations. Anglo-Anteriout
closed at 101 tot ; Atlantic Telegraph Eight per
Cent. Preference, 4k to ; end Telegrsph Ck.ll-
- at 141 to 2.
Tho only change in colonial government sc2or;-
ties was a decline of it per cent. in Victorian.