The Express.
London, England, 1868-06-29 00:00:00

MONEY MARKET.-(THIS DA

ONE O'CLOCK.

Is the Stock Exchange to-day, attention ne
chiefly directed to the fortnightly settlement, and
there is consequently little fresh business. The
government funds are inactive, at Saturday's
quotations. Railway stocks are flat, and prime have
given way upon a renewal of speculative sales
for a fall, based upon the increased supply of stock
in the market, and a belief that the dividends to be
declared next month will be disappointing.
Foreign securities are firm, and have improved in
several cases. Anglo-Austrian Bank shares have
experkmoed a further advance.
The applications for discount are not very
numerous, but the rate for choice bills is main-
tained at 11 per cent.
Consols are quoted 94 a to 1, ex div., for money,
and 941, ex div., for the amount (July 9), and
the Three per Cents. Reduced and Now Throe
per Cents., 941 to 1.
I be railway market shows depression, the trans-
actions consisting almost entirely of sales. Great
Wtetern stock is heavy, and has fallen 1 per
cent., the present price being 4$ to 49.
The reduction in several of the other lines
range from 2 to 2. Caledonian, 701 to 71 ;
London and North Western, 1141 to 2 ;
Midland, 1011 to 1; London and South
Western, 911 to 921 ; Groat Eastern, 36 to ;
Brighton, 61 to 1 ; South Eastern, 731 to 1 ;
Metropolitan, 1091 to 1101 ; Great Northern, 1021
to 103 ; Ditto A, 951 to 961; London, Chatham,
and Dover, 191 to 1; Lancashire and York-
shire, 1971 to 1281; York and North Midland,
931 to 1; Beewick, 1031 to 1 ; sad North Brash,
34 to 1.

Foreign stocks are inquired for, and a rise of 1
to 4 per cent. has occurred in Brazilian of 1865,
Chili= of 1867, and Turkish of 1862 and 1866.
Mexican are better, while Peruvian
of 1865 have declined 4, and Spanish
of 1867, 4. Annexed are the prices :
Brazilian of 1865, 761 to 771; (Milian of
1867, 96 to ; Egyptian, 1864, 811 to 824;
Italian of 1861, 541 to I ; Mexican, 151 to 1 ;
Peruvian of 1863, 84 to ; Russian of 1866, 90
to 91; ditto Orel Vitebek, 821 to 1; Spanish of
1867, 371 to 1; Turkish of 1838, 63 to 64 ; ditto
of 1862, 641 to 651; and ditto of 1863, 391 to I.
Indian stocks are steady. The Five par Cents.
are quoted 1141 to 115; the Four, 1041 to 103 ; the
Bonds, 275. to 325. prom. ; and the Debentures,
105 to 4. Bank Stock, 240 to 243 ; and Exchequer
Bills, 16s. to 20s. prem.

Bank shares are neglected, with the exception
of Anglo-Austrian, which have risen 7s. 6d., viz.,
to 61 to 1 prem. London and Westminster, 701
to ; London and County, 491 to 1 • Union of
London, 331 to ; London and Brazilian, 30 to
28 din. ; Imperial Ottoman, 11 to 1; prem. ; and
Consolidated, ; to 1 prem.
Miscellaneous shares have been dealt in to a
moderate extent at Saturday's prices. National
Discount, 61 to 2 prem. ; General Credit, 21 to 1
din. ; Credit Fonder, 32 to 1 per share ; Inter-
national Financial, 11 to 1; din. ; London, 22
to 21 die. ; Hudson's Bay, 151 to 1; Egyptian
Trading, 5 to 41 die. ; Telegraph Construction,
131 to 141; Atlantic Telegraph Eight per Cent.
Preference, to ; and Anglo-American, 211 to 1.
The arrival of 334,5001. m specie is announced
to-day. The Atrato, from the West Indies, has
brought 211,0001. ; the Champion of the Seas, from
Melbourne, 87,0001. ; and the City of New York
from Halifax, 36,0001.
United States 5-20 Bonds are unchanged, 731
to 4, but some of the railway shares have risen
to 1. per cent. Erie, 46 to 11; Illinois Central, 1011
to 4 ; Atlantic and Great Western Debentures, 281
to 29 ; and the Consolidated Mortgage Bonds, 331
to 34.

TWO O'CLOCK.

The English funds are unchanged. Railway
stocks exhibit a fresh decline of I to I per cent.;
but foreign bonds are firm. Mexican and Spanish
of 1867 have advanced i to I per cent.

FOUR O'CLOCK.
Consols are slightly better, at 941 for money,
and 941 to for the account.
Some of the foreign bonds show a fresh rise of
1 to d per cent. Italian, 541 to I; Orel
Vitebsk, 821 to ; Nicholai, 641 to 65: ; Spanish
of 1867, 37: to 1; and Turkish of 1865, 391 to !.
In the railway market, Caledonian and South
Eastern have declined 1 to 1 per cent., viz., to 701
to ! and 73: to , respectively. Metropolitan,
1101 to 1; Brighton, 511 to :; Midland, 104:
to 1 ; London and North Western, 114,1- to 1;
and Great Western, 481 to 491.

About 27,0001. in gold has been bought by the
Bank to-day.
... . _ .

At Paris .to-day the Three per Cent. Bentes
opened at 70fr. 90c. for the account, being per
oent. better. - _

Bar gold, valued at 13,0001., was purchased by
the Bank on Saturday.
The Cuba, from New York, has brought

103,0001. in specie.
With reference to the proposed plan for a reor-
ganisation of the Atlantic and Great Western
Railway Company, the following is a copy of a
resolution which has been adopted by the Board of
Directors at New York :
Whereas atter consideration of the proposed plan of set-
tlement with the bond, coupon, and debenture holders of
this company, this board is of opinion that the terms of
settlement therein offered to the creditors of this compare
are equitable and just, and fully as liberal as a due
to the ability of the corporation to fulfil its obligations
thereby contracted will permit—therefore be it resolved,
That the programme just read meets with oar cor
approval, and this board pledges itself to carry into effect
the terms of compromise therein indicated so soon as the
control of the line reverts to it.

A general meeting of the Arica and Tacna Rail-
way Company is called for the 20th July, to re-
ceive a report from the directors, and the accounts
of the company to the close of last year.
The traffic receipts of the Great Central of Bel-
gium Railway (consisting of the Antwerp and
Rotterdam, the Est Beige, and the Sambre and
Meuse) for the fourteen days from the 20th of
May to the 3rd inst. were 21,1571., being 5,4521.
more than in the corresponding period of last year.
The total receipts from the Ist January last to the
above date are stated at 180,6431., being 37,1241.
more than last year.
An extraordinary general meeting of the Duna-
burg and Witebak Railway Company (Limited)
is to be held on the 7th July, to confirm the reso-
lutions passed at the meeting on the 23rd inst.,
which authorised the company to reduce its capital
and to subdivide its shares.

An extraordinary meeting of the Westminster
Brewery Company is convened for the Bth of July,
fur the purpose of declaring an interim dividend.
The preparations on Saturday for Tuesday's set-
tlement in the railway market showed an ample
supply of stock, the only exceptions of importance
being Caledonian and Metropolitan, for the loan
of which a small bonus was given. Midland stock
was rather wanted, but there was no " backwards,-
tion." As regards Great Northern "A" and
Great Eastern, an increased supply of stock was
observable in the afternoon. The following shows
the terms on which the carrying-over was gene-
rally conducted :

•
RATES OF CONTLWATIONS.
Opening. Closing.
Catedonieut
On ut Eastern . . 2s. to 2s. ed. oon ls. to 43. eon.
6nett Western -16 to 3-16 son. ... 1-16 to 3-16 con.
Oreat Northern A i bark. to ma 5-16 to 7-16 eon.
London and Brighton -16 to 3-16 50n.... 1-16 to 3-16 oon.
London andNorthWeetern 1-16 to 3-16 e0n.... 1-16 to 3-16 ass.
London, Chat., and Doves la.atoln9d.aan. In.lbLtaltA Leal