The Express.
London, England, 1868-01-23 00:00:00

'ARY 231 1868.

MONEY MARKET.-(THIS DAY.)

Too

ORB o'Odues.
Owing to the absence of adverse features, nearly
all the markets for public securities are firm to-day.
The amount of business is. oonaiderable, and consists
chiefly of purchased, the low rates allowed by the
joint-stock banks and discount establishments for
money on deposit having induced the public to make
fresh investments. Apparently, in the belief that
the superabundance of capital must have a further
favourable effect upon prices, the recent speculator
for a fall are still engaged in closing. their sooounts
o.
Consols have advanced I per , and most f
the principal railway stocks about half. Some of
the foreign bonds, however, exhibit a relapse, the
late important rise having tempted further realis-
ations.
The discount market is quiet, with few transac-
tions. The rate for choice bills is 11 to If per
cent. Short loans are obtainable in the Stock
i Exchange at it to 1 per cent.
Consols are quoted 921 to 93 for money and the
new account (6th February), and the Three
per Cents. Reduced and New Three per Cents.,
93 to

Railway stocks are in request, and, with the
exception of a decline of t per cent. in Great
Northern A, the changes in prices are all in an
upward direction. Midland, Lancashire and York-
shire, and Great Eastern have improved t per
cent. ; London and North Western, 1 ; Metro-
politan, Caledonian, and South Eastern, t ; and
Great Western, t. Subjoined are the prices :
Metropolitan,ll7/ to t ; Great Western, 4Gito I;
London and North Western, 117} to ff ; Midland,
104 i to 1051 ; Lancashire and Yorkshire, 124 t to 1 ;
Caledonian, 75i to 76; South Eastern, 684 to ;
Great Eastern, 301 to t ; Great Northern, 1061 to
1071 ; ditto A, 1081 to 109 ; London, Chatham,
and Dover, 1811 to t ; North British, 34 to 1 ;
Brighton, 46t to 47 ; York and North Midland,
94 to 95 ; and Berwick, 1031 to 104.
The foreign stock market is less firm, and a re-
lapse has occurred in some cases. Italian of 1861
have declined per cent.—viz., to 42i to
Turkish of 1865, and Mexican are lower, at 311
to I, and 15/ to 1, respectively. Turkish of 1862
are at 58 to 59 ; Greek, 121 to 1 ; Spanish New
Three per Cents., 35} to / ; Portuguese scrip, 2t
to t preen. ; Peruvian of 1865, 741 to t, being 1
per cent. better ; and Egyptian of 1864, 99 to 91.
American securities are inquired for. The 5-20
Bonds and Erie Railway shares have risen per
cent., the present prices being 72 to 1 and 481 to
49, respectively. Illinois Central are steady, at

851 to t.
Atlantic cable shares are firm, at the improve-
ment of yesterday. Anglo-American, 201 to 1, and
Atlantic Telegraph Eight per Cent. Preference,
41 to 51.
The market for bank shares is firm. London} d
Westminster are at 711 to 721 ; Alliance, 120
11/ die. ; Imperial Ottoman, 11 to 1 dia. ;
London and County, 53 to 94 ; Oriental Corpora-
tion, 42 to ; and Union of London, 35 to /.
The shares of the financial companies are without
variation, International Financial, 21 to 11 dies ;
London, 221 to 211 dis. ; General Credit, 21 to
; and Credit Foncier, 31 to A per share.
The half-yearly meeting of the North London
Railway Company will be held on the 20th of
February, when a resolution will be proposed
authorising the directors to exercise the borrowing
powers of the undertaking.
A general meeting of the Natal Investment
Company (Limited) is convened for the 4th of
February, when information will be afforded with
reference to the progress of the liquidation.
It has been decided to wind up voluntarily the
Albert Veterinary College (Limited), and Mr. T.
Hunter, accountant, of Crosby-house, Ilishopsgate-
dreet, has been appointed liquidator by the share-
holders.
About 7,000 sovereigns were taken from the Bank
yesterday for Russia, while 3,000 from Belgium
were sent in. The aansactions of the wee k
10/ the receipt of 17,000/. iroin abruad, and the
withdrawal of 42,000/. for export.
It is understood that the falling off in the ship-
ments of gold from Melbourne during thu month of
December arose through some considerable ane nude
having been kept back by the banks, in anticipation
of the export duty being taken off on the Ist of
January. The next mail is expected to announce
the despatch of a huge amount to this country.
On the other hand, the shipments of bullion from
New York will probably diminish, in conliequenoe
of a fresh decline in the exchange. Meanwhile
the demand in London for gold fur the continent
continues active.
The official report of the general superintendent
of the Atlantic and Great Westcrn Railway, and
also the auditors' figures for the seven months end-
ing the 31st October, addressed to General Putter,
the receiver, show that the repairs to the road have
made satisfactory progress ; that the locomotives
' are in good average order ; and that numerous
economies are being effected. The falling off in
the company's receipts is ascribed to " the
loss in the oil trade, and the general stagna-
tion of business, caused by the contraction
of the national currency and the severity
of the drought during the latter
lof the summer and autumn." Neverthefetrat,
though the total earnings from April 1 tu Octo-
ber 31, 1867, reached only 3,08Z),038 dohs., being
452,407 dole. less than in the previous year, a
decrease of as much as 502,200 dohs. was effected:
in the expenses ; and thus the balance of earn
over expenses was 1,214,361 dole., being 49,793
dole. more than in 1866. The whole of this balance
was applied to renewals, construction, and
notwith-
rent of
leased lines. The satisfactory feature is that,
standing all the drawbacks of the period, the net
earnings would be sufficient, were they not applied
to exceptional purposes, to pay the 7 per cent.
interest on the whole 30,000,000 dole. of consoli-
dated mortgage debt.
The traffic receipts of the Atlantic and Great
Western Railway for the last week in December
were 97,428 doles, against 98,318 dole. in the cor-
responding period of 1866, showing a decrease of
890 dots.
The London and North Western Railway traffic
return shows this week an increase of 3,1751. over
last year ; the Midland an increase of 2,5191. ;
reat
the
Great Western an increase of 3231. the G
Northern an increase of 2,6941. ; and the Great
Eastern an increase of 2,995/.
An extraordinary general meeting of the New
New Zealand Trust and Loan Company (Limited)
was held yesterday, when an interim dividend of 5
per cent. for the half-year was declared. The chair-
man (Sir Charles Clifford) stated that the business
in New Zealand is pregreming in a moat satiefac-
tory_ meaner.
The Northern Railway Company of France are
about, it is stated, to issue a new series of obliga-
tions.
The subjoined on the market for American
securities is from Sattrethwaile mid Co. :
Although there Yes sa my Imp swami el
lemma be Aussie* N se Vie Leaden sorkei
dazing tie FM weakr. coinsUwe improved aff mend;
United lIMM Mae& hues wilvsassa kali to 72, sad
10.49`a tae te M. Is Osatral 011#1111 Mrs bee
been
mem seed baying se Mis MAW time elm alteirs of
the meow ors in sa mime* satistaelbsiy m
they eta Mig be I. or emiteseemit Weer Maim;
Weft week. Mies Meat 48; to 49 rat as Wpm
lIIIMIL demand far Atlanta. and Great Weems spew
rities,nldab we noticed in our last, has enalleeedieZi
Y
Oessoltdated Mortgage toed' mes 116
erlia Sere Me been • Wilke reeedam, Mlles Id; the
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bane emmemeeka eime these co feat A rives tire
turerilleted Iztealticsbesizerssiedix IBM
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Brill
beliCrerliUll alms 60 to 55 far the MI eel 0
10 au ter the wrial.