The Express.
London, England, 1868-10-14 00:00:00

_~

rEY

'ET.-(THIS DAY.)

ONE O'CLOCK.
The favourable character of the news from
abroad, the payment of the dividends, the pros-
pect of a large amount of gold being sent to the
Bank during the next few weeks, and the droop-
ing tendency of the wheat market have tended to
impart firmness to the marketa for public securi-
ties. Some considerable amounte of stock have
been bought for investment, especially of the
English funds. Consols are strong, at the im-
provement of yesterday, while the Three per Cents.
Reduced and New Three per Cents. have-risen I
per cent. Some of the railway stocks have expe-
rienced a fresh advance, the most important
movement being in Metropolitan, owing to
the increase in the traffic. Foreign bonds are
decidedly firm, especially Branlian and Peruvian
of 1866. Colonial goverment debentures and
Indian railway securities are also inquired for.
Tho fortnightly settlement will be completed to-
morrow.

In the discount market the supply of money has
largely ins:eased, owing to the payment of the
dividends, and the best three months' bills have
been taken in some eases at 11 per Gent.. or
below the Bank minimum. There is consequently
very little demand at that establishment. The rate
for advances on English government securities has
receded in the Stock Exchange to 1 per cent. per
annum.

Consols are quoted 941 to for money, and
941 to I for the account (Nov. 5) ; and the Three
per Cents. Reduced and New Three pet Gents,
931 to 1. . .

In the railway market, the principal change is
a rise of 1 per cent. in Metropolitan. Midland and
Manchester, Sheffield. and Lincolnshire are 1
better ; but Great Western and South Eastern
have declined 4 to 1. Prices are quoted as
follows : Caledonian, 71 to 4 ; London
and North Western, 1121 to 1 ; Great
Western, 48/ to 49; Midland, 1121 to ;
London and South Western, 871 to 881; Great
Eastern, 401 to 41 ; Brighton, 621 to ; South
Eastern, 771 to 1 ; Metropolitan, 1071 to 1;
Great Northern, 1071 to 1081; ditto A, 108 to
1 ; Lancashire and Yorkshire, 1281 to 1; Lon-
don, Chatham, and Dover, 171 to j ; and Manches-
ter, Sheffield, and Lincolnshire, 48 to 1.

The general tendency of the foreign stock mar-
ket is favourable. Peruvian Bonds of 1865 have
improved 1 per cent. ; Brazilian of 1865, 1; and
Italian of 1861, Mexican, Spanish of 1867, and
Turkish of 1865, 1. The Orel Vitebsk Railway
Loan, however, has declined 1. Subjoined are the
quotations :—Brazilian of 186.5, 77/ to 1; Chilian
of 1867, 94 to 1; Egyptian of 1864, 811 to 821, ex
div. ; Italian of 1861, 511 to 524 ; Mexican, 161
to 1 ; Peruvian of 186.5, 79 to ; Russian of 1866,
90 to 91 ; Nicolai Railway Loan, 67/ to 1 ; ditto
Ord, 84 to 1 ; ditto Moscow-Jaroslaw, 82 to 1;
Spanish of 1867, 331 to a ; Turkish of 1858, 66
to 1; ditto of 1862, 681 to 1 ; and ditto of 1865,
401 to Z.
The Indian Ten and a Hall per Omits, are at
214 to 217 ; the Five, 1141 to 115; the Four,
1031 to 104; the bonds, 20s. to 235. prem ; the
debentures, 1051 to 1; and Exchequer Bills, ISs.
to 20s. prem. Bank Stock, 242 to 244.
Bank shares are quiet, with few transactions.
London and Westminster, 651 to 1; London and
County, 481 to 491; Union of London, 331 to
311; Anglo-Austrian, 6to prem. ; London
and Brazilian, 30 to 25 die.; Imperial Ottoman,
11 to 11 prem.; and Consolidated,
.1 to 1 prem.

Miscellaneous shares are without change.
National Discount, 11l to ; General Credit, 2/ to
dia. ; International Financial, 1/ to It dia. ;
Hudson's Bay, 14/ to 15}; Telegraph Construc-
tion, 154 to 16; Atlantic Telegraph Eight per
Cent. Preference, 34 to 4 ; and Anglo-American,
21 to 4.

United States 3-20 bonds have advanced # per
cent., the present price being 74} to 2. Erie
Railway Shares, 31} to I ; Illinois Central, 95
to ; Atlantio and Great Western Debentures,
set to 371; and the Consolidated Mortgage
Bonds, 30 to a.
The scrip of the Italian Government Tobacoo
Loan is in request, and has improved to a to 1
premium.
With reference to the Great Luxembourg Rail-
way Company, it is notified that the dividend of
41r. 371 c., or 3s. 6d. per share, less income-tax,
on all constituted shares, and also the dividend of
12fr. 50c., or 10s. per share, less income-tax, on
the preference shares, for the half-year ending
June, respectively declared at the meeting held at
Brussels yesterday, will be paid on the 22nd inst.
The Midland Railway traffic return shows this
week an increase of 4,4661. over last year.
The Seine has arrived from the West Indies
with 484,0001. in specie.

TWO O'CLOCK.

The government funds are in demand and have
improved / per emit., viz., to 942 to I for money,
and 941 to / for the account. As regards rail-
way stocks, Great Western and Great North-
ern A are per cent. better, while Metro-
politan has declined 1. Foreign securities
are rather flatter, and Italian of 1661, Mexican,
and Peruvian of 156.3, have receded to 2.

FOUR 0' CLOCK.
Consols remain firm, at 942 to for money,
and 94: to k for the account.
In the railway market, Caledonian stock has
risen k per cant., viz., to 711 to 72; but Mid-
land and Great Western have declined Ito :, th
present prices being 112} to :, and 48/ to 49, re
spectively. Brighton, b2l to k; Metropolitan,
107 to 1 ; South Eastern, 77 to I ; Lancashire
and Yorkshire, 1281 to 129; and London and
North Western, 1121 to k. _ _ _

Foreign stocks are steady. Italian of 1861
51/ to 52 ; Orel, 84} to ; ?to

Turkish of 186.1, 40: to I ; and Spanish of Isi;7
331 to
No bullion operations have occurred at the Bank
to-day.
At Paris to-day the Three per Cont. Renter
opened at 69fr. 55e. fur the account, being 3e.
lower.

Owing to the large falling off in the receipts,
the directors of the Royal Mail Steam Packet
Company are unable to recommend the paymont of
a dividend for the half-year ending Juno last.
In the foreign exchanges yesterday afternoon
the only alteration of importance was a recovery
in the rates for bills on Spain. The Austrian ex-
changes wore a trifle lower. The list is subjoined :
Amsterdam, 3 months, 12.01 to 12.1; ditto, short,
11.19 to 11.191 ; Rotterdam, 3 mouths, 12.01 to 12.1 ;
Antwerp, 3 months, 26.371 to 25.421; Bru,seLi; 3 montWi,
26.371 to 26.421; Rambro' and Altono, 3 mouths, 13.101
to 13.11 ; Berlin, Cologne, &c., 3 months, 6.24 to 6.27 :
St. Petersburg, 3 mouths, 32/ to 32 ; Paris, short, 26.20
to 26.271 ; ditto, 3 months, 25.36 to 25.40; Marseille,
3 months, 26.371 to 26.40 ; Frankfort-on-the-Maine, 3
months, 1201 to 1201 ; Vienna, 3 months, 11.80 to
11.85 ; Trieste, S month., 11.80 to 11.85 ; Madrid, 3
monitai 471
tisais.474l ;tot;a;niebri:illile.nratotattill/271sttocs:7Cad71
Malaga, 3 months, 471 to 471 ; Valen:ial months, 4/1
to 471 ; Barcelona, 3 months, 48 to 471 ; 3
months, 471 to 471 ; 3 months, 471 to 471:
Saragossa, 3 month, 471 to 471 ; Leghorn, 3 months,
27.60 to 27.70 ; Genoa, 3 MOl4llll, 2760 to 27.0 ; Naples.
S menthe, 27.00 to 97.70; l'alerrao, 3 months, 27.60 to
27.70 ; Messina, 3 mouths, 27.60 to 27.70; Lisbon. 20
dll7B' &to. 62W °Pada) 90 dere Web to 61e.