The Express.
London, England, 1868-10-13 00:00:00

MONEY MARKET.-{THIS DAY.)

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In the Stock Exchange to-day attention is
&idly directed to preparations for the fortnightly
settlement on Thursday, and very few fresh trans-
actions have been reported. The government
funds are steady, at the closing prices of
yesterday. Railway stocks are rather dull,
but the reduction in some of them is
only to per cent. Foreign securities
are better in several eases, the satisfactory tenor
of the advice* from the Continent, especially from
Madrid, having induced purchases. The only
other noticeable movement is a moderate relapse
in United States 5-20 Bonds.
There is no alteration in the discount market.
Loans are offered in the Stock Exchange at per
cent.

Consols are at 941 to 1 for money, and
94+ to i for the sooount (Nov. 5); and the Three
per Cents. Reduced end New Three per Cents,
93 to i.

Home railway stocks are dull, and a decline of
/ to 1 per cent. has taken place in London and
North Western, Great Western, Midland, Great
Eastern, and South Eastern. Annexed are
the present prices :—Caledonian, 701 to ;
London and North Western, 1111 to 112 ; Great
Western, 481 to 1 ; Midland, 111/ to 1;
London and South Western, 871 to 88/ ; Great
Eastern, 401 to ; Brighton, 511 to ; South
Eastern, 761 to 77/ ; :Metropolitan, 106 to j ;
Great Northern, 107 to 108 ; ditto A, 1051 to
1061 ; Lancashire and Yorkshire, 1281 to 1 ; Lon-
don, Chatham, and Dover, 171 to / ; and Manches-
ter, Sheffield, and Lincolnshire, 471 to 1.
The foreign stock market is firm, owing to a
preponderance of purchases. Peruvian of 1863,
Spanish of 1867, Turkish of 1863, and the Orel
Vitebsk Railway Loan have improved 1 per oent.
Prices are quoted aa follow :—Brazilian of 1865, 77
to / ; Chilian of 1867, 94 to 95 ; Egyptian of 1864,
81/ to 821, ex div. ; Italian of 1861, 511 to j ;
Mexican, 15/ to ; Peruvian of 1865, 78/ to 1 ;
Russian of 1866, 90 to ; Nicolal Railway Loan,
671 to / ; ditto Orol, 841 to / ; ditto Moscow-
Jaroalaw, 82 to ; Spanish of 1867, 34 to 1;
Turkish of 1858, 68 to 1; ditto of 1862, 681 to
; and ditto of 1863, 401 to 1.
The market for Indian stocks is inactive. The
Ten and a Half per Cents, are quoted 214 to 217 ;
the Five, 1141 to 115 ; the Four, 1031 to 104 ;
the bonds, 20s. to 25e. pram ; and the debentures,
1051 to 1. Bank Stock, 242 to 244, and Exchequer
Bills, 15s. to 20s. prem.

No alteration is observable in Bank shares.
London and County, 481 to 491; London and
Westminster, 661 to f ; Union of London, 331
to 341; Anglo-Austrian, 6to prem. ; London
and Brazilian, 30 to 23 dis.; Imperial Ottoman,
11 to 11 prem.; and Consolidated, 1 to I prom.
Only a few dealings have occurred in miscella-
neous shares. General Credit, 21 to 1 die. ; Inter-
national Financial, 11 to 11 dis. ; Hudson's Bay,
141 to 131; National Discount, 111 ,to 1 ;
Telegraph Construction, 161 to 161; Atlantic
Telegraph Eight per Cent. Preference, 31 to 41;
and Anglo-American, 21 to 1.

American securities are flat. The 3-20 bonds are
quoted 74,1 to showing a decline of j per ;cent. ;
Erie Railway Shares, 31 to 4, being lower ;
Illinois Central, 93 to 954 ; a reduction
of ; Atlantic and Great Western Debentures,
304 to 371 ; and the Consolidated Mortgage
Bonds, 38j to 391.
Italian Loan scrip has risen to j to 1 prem.
_ _

The Council of India will receive tenders on the
21st inst. for bills on Calcutta and Madras to the
amount of 200,0001.

A special meeting of the British Mutual Lifo
Assurance Society and the British Mutual Life
Assurance Society Guarantee Fund Association
will be held on the 29th inst., for the purpose of
considering a provisional agreement made by the
directors for the transfer of the business to the
Prudential Assurance Company.

TWO O'CLOCK.

Railway stocks are in demand, and better,
Caledonian, London and North-Western, (heat
Western, Groat Eastern, Brighton, South-Eastern,
Great Northern A, and Metropolitan, have ad-
vanced Ito per cent. ; but Midland has declined
Italian of 1861, Mexican, Spanish of 1867, and
Turkish of 1863 have improved I to I. Consols
are unchanged.
FOUR O'CLOCK.

The government funds are in request, and have
unproved to per cent., the present price being
941 to 1, both for money and the account. It is
stated that a largo purchase has been effected on
account of a leading Hebrew house.
Several of the home railway stocks show a fresh
rise of eto per cent. Caledonian, 71 to e ;
Brighton, 52 to 1; Metropolitan, 106} to ;
South Eastern, 77 to 1; Midland, 112 to 1; Lanca-
shire and Yorkshire, 1281 to 129 ; London and
North Western, 112t01; and Great Western, 481
to 491.
Foreign Bonds are firm. Orel, 84 to 1;
Nicholai, 671 to 1 ; Turkish of 1865, 401 to ;
and Spanish of 1867, 331 to 1.
No bullion operations have occurred at the Bank
to-day.
At Paris to-day the Throe per Cent. Rentes
opened at 691 r. 65c. for the account, showing a
rise of per cent.
We have received the subjoined memorandum
from the chairman of the Anglo-American Tele-
graph Company (Limited):—" The following
telegram has this day been received from the
superintendent at Valmtia Valentia, Oct. 12,
1868. 1866 cable repaired 4 p.m. Greenwich
time yesterday.' "
The accounts from Spain continue to be watched
with great satisfaction. In some quarters it is
thought that as soon as the question of the dynasty
shall have been settled, and the new administra-
tion established, a national loan—of course
to be exclusively subscribed at home—will be pro-
posed, with a 'new to place the treasury in funds,
and to terminate once for all the system of fre-
quent hand-to-mouth loans which have for years
been resorted to by the government. In view of
the enthusiasm with which the people have hailed
the now order of things, little doubt is entertained
that such a loan would be quickly subscribed for
by the Spanish nation, for the amount would pro-
bably not be heavy, and the new government is
expected to be so composed as to afford an assur-
ance that the reign of corruption and extravagance
at home, and of provocation abroad, has ceased.
Those interested in the bonds and railway and
other undertakings of the Argentine Republic have
noticed with satisfaction the announcement in the
last advices from Buenos Ayres that the national
funds, which had risen 2 or 3 per cent. at the date of
the departure of the previous mail, have now expe-
rienced the large additional rise of 8 per cent.
within ,fortnight. Such a movement speaks well
for the view taken on the spot respecting the
future course of the country, in spite of the war,
which is believed to be now near its close.

The Committee of the Stock Exchange have ap-
pointed Friday next a special settling day in the
shares of the Societe du Cable Transatlantique
Francais, which are to be officially quoted.
The South Eastern Railway traffic return shows
this week an increase of Mgt. over last year.
The traffic return of the Great Western Railway
of Canada, for the week ending the 9th inst.,
shows an increase of 1,6181. over last year.
The directors of the Royal Insurance Company