The Express.
London, England, 1868-09-11 00:00:00

StP'I'EMBEU• 11, 1868.

MONEY MARKET.-(THIS DAY.)

ONE O'CLOCK.

In the Stock Exchange to-day only a few trans-
actioua have been reported, and quotations inmost
instances are unaltered. The teadency of the
marketa is favourable, the deelingl consisting
010°9de:elusively of purchases. Railway stocks are
still inquired for, sad show a further moderate ad-
vance. 7 here is little or no real increase of bow:Qt.&
business in those securities, but the almost general
improvement in thetraillo returns has caused assay
of the recent adverse (vendors to olose their
accounts. As regirds foreign bonds, Peruvian of
1866 and Spanish of 1867 are better. Colonial
Government Debentures, as well as banking, finan-
cial, and miscellaneous shares, are neglected.
The demand for money is very moderate, and
the supply large. The general rate for choice
paper is 11 to 1 per cent., bat exceptional trans-
aotiona are reported at 11. Loans are obtainable
in the Stook Exchange at 1 to 11 per cent.
Coreole are at 93 to 94 for money, and
94 to for the account (October 6), and the
Three per Cents. Reduced and New Throe per
Cents., 921 to 1, ex div.
In the railway market Caledonian, London
and Worth Western, Midland, Great &astern,
South Eastern, and Metropolitan stocks
have improved to 1 per oent. Sub-
joined are the quotations :—Celedonian, 751 to
1 ; London and North Western, 1131 to /, ex div.;
Great Western, 491 to 501 ; Midland, 1081 to ;
London and South Western, 88 to 88 ; Great
Eastern, 381 to ; Brighton, 52 to 1 ; South
Eastern, 751 to 1 ; Metropolitan, 1061 to 1; Great
Northern, 106 to 1 ; ditto A, 1081 to ; London,
Chatham, and Dover, 181 to ; and Lancashire
and Yorkshire, 1271 to 1541.
Foreign securities are firm ; but the only change
at present is a rise of 1 to 1 per cent. in Peruvian
of 186.5 and Spanish of 1867, the present prices
being 784 to 1 and 344 to respectively. Bra-
zilian of 1865, 761 to: ; Chilian of 1867,
941 to 1; Egyptian of 1867, 861 to 87; ; Italian of
1861, 511 to 52; Mexican, 15 to 1 ; Russian of
1866, 921 to 931 ; Nicolai Railway Loan, 661 to
g; ditto Orel, 831 to 1 ; Turkish of 1858, 611 to
6.51; ditto of 1862, 60 to 1 ; and ditto of 1866,
39 to 1.
Apart from arise of 1 per oent. in the Four per
Cents., viz., to 103 to 1, cx div., Indian securities
are unchanged. The Ten-and-a-Half per Cents.
are at 214 to 217; the Five, 1141 to 115; the
Bonds, 20e. to 25e. prem. ; and the Debentures,
105 to 1. Bank Stock, 245 to 247; and Exchequer
Bills, 16e. to 20e. prem.
A few transactions have been reported in bank
shares, at yesterday's prices. London and West-
minder, 651 to 664 ; Union of London, 311 to
351 ; London and County, 491 to 501; Anglo-
Austrian, 61 to 7 prem. ; Imperial Ottoman, , to
1 prem. ; and Consolidated, to 1 prem.
The market for miscellaneous shares is steady.
National Discount, 11/ to s ; General Credit, 21
to die. ; International Financial, 11 to 1 die;
Hudson's Bay, 111 to 4; Telegraph Construction,
16 to 4; Atlantic Telegraph Eight per Cont. Pre-
ference, 31 to 4 ; and Anglo-American, 201 to 21.
American securities are steady. Tho 5-20 Bonds
are 1 per cent. better, at 711 to 72 ; Erie Railway
Shares, 30 to 1; Illinois Central, 901 to 91 ;
Atlantic and Great Western Debentures, 371 to
384 ; and the Consolidated Mortgage Dods ►
to 1.

Th
reel) of the Moscow-Jaroslaw Railway Loan
to quoted 3to 31 prem., showing a rise of it. The
expected issue of tho allotment letters to-morrow
evening has led to purchases to cover recent sales
for a fall.

A general Court of the Proprietors of the &mil
of England will be held on the 17th instant " to
consider of a dividend."

The joint traffic return of the Caledonian and
North British Railways shows this week an in-
enlist: of 2,1131. over last year.

TWO O'CLOCK.

Great Northern A and London and Mouth
Western railway stocks are in demand, and
have riFen 1 per cent. Midland has im-
proved !„ while Caledonian has declined
and Mouth Eastern k. Foreign stocks
are rather flatter, and a reduction of k to
per cent. has occurred in Peruvian of 1463, Spanish
of 11467, and Turkish of 184).). Consols are un-
altered.

FOUR O'CLOCK.

The government funds exhibit no change, at
931 to 94 for money, and 94 to 1- for the account.
Some of the home railway stocks have ex-
perienced a relapse. Great Northern A and Me-
tropolitan have declined to per cent., viz..
to 109 to I and 103! to 106, respectively. South
Eastern is quoted 75 to 1, being lower; Cale-
donian, 74# to 73 ; Brighton, 32 to # ; Midland,
1081 to 109 ; Lancashire and Yorkshire, 128 to
1; London and North Western, 113 to 1 ; and
Great Western, 491 to 501.
The foreign stock market is quiet, with few
trnsactions, Italian of 1.861: 51: to j; Orel,
831 to ; Nleholal, 661 to 1; Fipanish of 1867, 33j
to 341; and Turkish of 1865, 39 to 1.
About 22,0001. in gold has been sent into the
Bank to-day.

At Faris- to-day the Three per Cent. Renter
opened at 70fr. 55c. for the account, showing a
rise of i per cent.

The principal feature at the moment is, per-
haps, the sustained demand for railway debenture
docks and similar seourities of the very highest
class, but very few indeed of these are to be met
with in the market, anl it is consequently ex-
tremely difficult to execute orders in them. It
would appear that the public are still loth to take
any but the most undoubted securities, but in
proportion as these rise in price and become more
and more difficult to obtain, they will bo driven
to accept investments occupying a secondary rank,
yet perhaps hardly less safe. The effect of these
movements is to increase the supply of money,
which, it may be presumed, will ultimately be-
come available for semi-speculative purposes.
The Stock Exchange will be closed to-morrow,
when the repairs will be finished.
The traffic receipts of the Northern Railway
of Buenos Ayree, for the week ending the 21st
June, wore only 2021. against 6301. for the corre-
sponding week of last year, the decrease being oc-
casioned by a severe storm. The gross receipts
from the let January hay.e been 18,7631., against
17,462/. last year.
Creditors of the " Guaranteed Securities Asso-
ciation (Limited)," are required to send the par-
ticulars of their claims by the 30th Mat. to Mr.
Arthur Cooper. of George-strea, Mansion-house,
the ufficiul liquidator, the 11th November having
bet n appointed by Vice-Chancellor Giffard for
inljudienting upon them.

t:ubjoi.cd ie from the Levu at It, rah! of tho
2nd inst.:

The effect rartho fitvottrattlo hurreqt pr a vela on the
can'.. rert Mat' is bald to lut%o cur aatragtal the Porto t
Lwow another budget. ()Mint rumour aatittes that tho
(la content is already nearly corn/40.41, awl will show it
t•uri•l Ili. if 1,11111,000/. It would be premature to qua thus
the Tahae of boob at laurel IR.funi dui 1141arava on whi:•h it
it is. lam nre before the publie. In the ate ant:aat •,
let lailag haw beim kohl of tie rip.) 0..1 luau tilting the
week.

The following is the official ref orn of the elitlitcv