The Express.
London, England, 1868-12-29 00:00:00

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Woman sarawsto eassit) • •
=MID, Om W.
' The Common ct the Bank of Spain has resolved
the lank 'hall undertake tho issue in Spain
ieg tie new lassi for (be city of Madrid.

IMMl=lll=2=2=l:l2
MONEY XAREBTe•OVIA DAY.)

ONE O'CLOCK.
is the Stook Exchange to-day there is little
fresh business, attention being almost exclusively
directed to the fortnightly settlement, which will
be completed to-morrow. The rates charged for
continuing transactions to the next account are,
in many came. heavy. On Erie Railway
shares, in which there is a large specula-
tive account open for a ries, the " eon-
tango" required by the dealers represents as
much as 20 to 25 per cont, per annum.
The English funds are steady, at the closing prime
of yesterday. Some of the railway and foreign
securities have advanced, while others have given
way. Turkish bonds of 1885 are inquired for, at
an improvement, upon the advice' from Constan-
tinople. India bonds are firm, the advance in the
rate of interest from 3 to 4 per cent. having in-
duced purchases. Banking and miscellaneous
shares exhibit no special change.
The supply of money in the discount market
has further diminished, and the lowest rate for
bills is 3 per cent.

Comol are quoted 921 to 1 for money, and
921 for the account (January 6), and the Three
per Cents. Reduced and New Three per Cents.,
92/ to 1.
Railway stocks are without alteration of im-
portance. London and North Western, Great
Western, and Great Eastern, have declined
to per cent., while Midland and South
Eastern have improved to the same extent.
Prices are quoted as follows :—London and
North Western, 111/ to 1 ; Great Western, 481
to 1; Midland, 1121 to 1 ; London and South
Wiesen. 87 to 88 ; Great Eastern, 40* to 1 ;
Brighton, 481 to 1 ; South Eastern, 79 to 1;
Metropolitan, 1031 to 1; Great Northern, 1051 to
1061; ditto A,107} to 108; Caledonian, 751 to 1;
and London, Chatham, and Dover, 161 to 17.
All regards foreign securities, Brazilian of 1865,
Turkish of 1865, and the Orel Vitebsk Railway
Loan are in request, and have advanced 4 to 1
per cent.; but Peruvian of 1863 and the Moscow-
Jaroslew Railway Loan have declined 1. The
present prices are as follow :—Brazilian of
1865, 781 to 1; Chili= of 1887, 98 to 97 ;
Egyptian of 1864, 83 to 84 ; ditto of 1868,
721 to ; Italian of 1861, 53/ to 56 ; ditto
Tobacco Loan, 2} to 3 prem.; Mexican, 141 to
15 ; Peruvian of 1865, 771 to 781 ; Portuguese, 371
to 38 ; Russian of 1866, 89 to 90 ; ditto Nicolai,
641 to 851 ; ditto Orel, 78 to 1 ; ditto Moscow-
.7arcelaw, 77 to 1 ; ditto Charkof-Azof, 31 to 3
din. ; ditto Charcow-Krementschug, 21 to 11 din. ;
Spanish of 1867, 321 to 1 ; Turkish of 1868, 801
to 611; ditto of 1882, 62 to 63 ; ditto of 1863, 384
to 39.

The Indian Four per Cents. have receded k per
cent., viz., to 1021 to 1, but the Bonds are ss.
better, at Si. to 15s. prem. The Fire are quoted
1111 to 1121; the Debentures, 1041 to 105 ; Ex-
chequer Bills, March, le. to 6s. pron. ; ditto June,
4s. to 9s. prem. ; and Bank Stock, 240 to 242.
American securities are in request. The 6-20
Bonds are at 74k to 11, showing a rise of 1 per
cent. ; Erie Railway shares, 261 to 271, being 1
better; Illinois Central, 1151 to f, an advance of
1; Atlantic' and Great Western Debentures, 40
to ; and the Consolidated Mortgage Bond., 42
to 3.
Bank shares are neglected, but Chartered of
India, Australia, and China are firm, at 21. Lon-
don and Wesbninster, 661 to 1; City, 111 to 121;
Imperial, 171 to 181; London and County, 491
to 50, being flat ; London Joint Stock, 351 to I ;
Union of London, 371 to 381; Anglo-Austrian,
8/ to 91 ; and Imperial Ottoman, 11 to 11
Pry

With the exception of a reduction of 2s. Bd. in
Anglo-American Telegraph, viz., to 21 to 1, mis-
cellaneous shares are without change. General
Credit, 2 to 11 dis.; International, 11 to 11 dia. ;
Hudson's Bay, 131 to i ; National Discount, 111
to 121 ; Telegraph Construction, 181 to 1; and
Atlantic Telegraph Eight per Cent. Preference,
31 to 1.

FOUR O'CLOCK.

The government funds are 1-16 percent. higher,
at 924 for money, and 924 to 4 for the account.
In the railway market Caledonian, Brighton,
and South Eastern stocks have declined to
per cent., while London and North Western has
improved a. Annexed are the prices :—Caledonian,
75 to ; Brighton, 48 to i; Metropolitan, 1034
to 104 ; South Eastern, 784 to 79 ; Midland, 1124
to 119 ; London and North Western, 1114 to 112;
and Great Western, 48 to 4.
Foreign bonds are inquired for, at an improve-
ment. Italian of 1861, 534 to 564; Peruvian of
1865, 70 to 4, ex all; Turkish of 1865, 394 to ;
Spanish of 1887, 324 to 4 ; and Charkof-Azof loan,
34 to 3 dis.
About 26,000/. in bar gold has been taken to
the Bank.
A remittance of 7421. 19s. 7d. has been reoeivod
on account of the debt of Equador.

The Stock Exchange will be closed on Friday
next, New Year's-day being one of the fixed
holidays at that establishment.
_ _ _

The directors of the Egyptian Commercial and
Trading Company iLimited) notify that, under
the powers conferred upon them by the special re-
solution of the 2nd and 16th November last, they
have resolved upon making a further return of
10s. 6d. per share upon the paid' p capital of the
company to all shareholders registered as on the
29th inst. Warrants for this return, payable on
the 9th January, will be posted to shareholders on
the Bth.

.lieAnglo-Austrian Bank notify that they will
be prepared to pay on the Ist January the coupon
due on that day, at the rate of 6s. 9d. per share
(being 6 per cent. per annum on 6L for the first
ball year, and 6 per cent. per annum on V. 10s.
for the second half year), free of income tax.

The direction of the Dutch Rhenish Railway
Company announce that they have been em-
powered to pay a provisional dividend. as follows,
vas.: 17s. 9d. on the shares paid up before Ist of
May last; 17s. 2d. on the shares paid up Ist of
July last; and 4s. 9d. on the new shares on which
the third call was paid on Ist July last, making
(61.) 721. paid.
_ _ .

At the half-yearly meeting of the Bank of New
South Wales, held at Sydney on the 28th Octo-
ber, the directors submitted their half-yearly re-
port, by which it appeared that the net profits for
the half-year amounted to 75,0121. 7s. 10d., which,
being added to 4,4951. 7s. 2d. brought forward
from last half-year, made a total of 79,3071. 15s.
available for distribution. Of this sum it was
proposedto absorb 75,0001. by a dividend at the rate
of 15 per oent. per annum, carrymg over a balance
of 4,5071. 15s. to the next half-year. The report
was unanimously adopted. The dividends on the
capital stock standing on the London register will
be payable to-morrow.
_ _

The half-yearly meeting of the Beak of New
Zealand was held at Auekladd oa the 29th of
October last, what the moat of the directors was

smeaknowsly adopted.. the
oessisd by The tem at MS and 1667 tiPrillit
consee aseppemd. yet the net *AY showed
inmate of ormrlyttosoL ever &op:swank
reriezuThe total Prolft for division to. the &la
her easountea to 48,06µ I.Bs. 4d.. wed a
dividend was declared at the weal rete.of 10 pot
cent.. and a bonus of bs. per
together to 16 per cent. par anntar.e +luakeinaLmV
37,600/., kming 6,6641. 16s. 4d. to be carried to.
tlte new profit and loss amount. The dividend cm
tame shares on the London register is payable oa
the 31st inst.
The annual meeting of the North British Aus-
tralasian Company (Limited) is called for the 12th
of January, when a dividend is to be declared.
Owing to the demand for money usual at the end
of the year the arrangements yesterday in con-
nection with the adjustment of the half-monthly
sooount in the Stock Exchange had been looked
forward to with a good deal of interest. Money
was wanted on foreign stocks, and 41 and 5 per
cent. was mid for loans, while the rates for con-
tinuing speculative accounts ranged from 5 to II
per cent. On Turkish stocks tho terms were
somewhat lower, the supply of these bonds in the
market being apparently less than bad been ex-
pected. As regards railway stocks the rates is
most instances were fully equal to Ahoso charged
ca the last occasion. The "continuation" on Great
Northern A stock rose in the afternoon to per
cent. The floating supply of London and North
Western was also larger. That of Metropolitan
was quite adequate to the demand, but Caledonian
stock continues comparatively SCAM. The fol-
lowing shows the terms on which the carrying
over was generally conducted :