The Express.
London, England, 1868-02-22 00:00:00

MONEY

ARKET.-27118 DAY.

ONE O'CLOCK.
As usual on a Saturday, there is leas business
in the Stook Exelmage, and pima poseent
few changes. Most of the markets exhibit
a steady appearance. Comas were in-
quired for, and have risen per cent.;
the Three per Cents. Reduced and New Three per
Cents.. are I better. As regards foreign bonds the
principal feature is an important rise in Italian
of 1861, in response to higher quotations from
the Paris Bourse, where a large amount of stook
has been purchased to corer recent sales for • fall.
The movements in railway shares are confined to afew
descriptions, and are not important. Metropolitan
are offered, notwithstanding a vague rumour that
there is some prospect of the legal disputes between
the directors and the Extension stockholders being
soon settled.

There is no alteration in the diaconnt market,
and the rate for loans in the Stook Exchange is still
1 per Gent.

Consols are quoted 93} to for money and
the account (March 8), and the Three per Cents.
Reduced and New Three per Cents., 931 to R.
Railway stocks are steady. London and South
Western has declined 1 per cent. and Metropolitan
while South Eastern, Great Eastern, and Lan
caahire and Yorkshire have improved I to R.
The prices are as follows :—Metropolitan, 11.11 to
112} ; Great Western, 46 to ; London and North
Western, 1181 to 1 ; Midland, 107} to ; Lan-
cashire and Yorkshire, 127 k to 128} ; Caledonian,
831 to I; South Eastern, 72k to 74; Great Eastern,
301 to ; Great Northern, 107 to 106 ; ditto,
A, 108 to ; London, Chatham, and Dover, 19
to ; North British, 34 to 381; Brighton, 46 to ;1
Berwick, 1061 to 1061 ; York and North Mid-
land, 94 to 99 ; and London and South Western,
84 to 86.

In the foreign stock market attention is
chiefly directed to Italian Bonds of 1861,
which show a decided advance. The price
opened this morning at 461 " buyers," and
although a partial relapse has since occurred, the
present quotation, 46 to 1, is 11 per cent, higher
than yesterday. Turkish of 1882 are quoted
614 to 624, being} per cant. better ; ditto of 1865,33
to f , showing= improvement of f ; ditto of 1868, 624
to 631 ; Mexican, 151 to 161---a rise of 1; Brazilian
of 1865, 741 to 751 ; Chilian of 1867, 871 to 884 ;
Egyptian of 1864, 87 to 88 ; Peruvian of 1865, 761
to 76, being 4 lower. Russian of 1866, 88 to 89 ;
and Spanish New Three per Cents, 361 to 4.
United States 5-20 Bonds have receded 1 per
cent., the present price being 711 to 1.
. .

A few transacticns have been recorded in Indian
government stocics, at yesterday's prices. The
Five per Cents. are quoted 1113 to 1121 ; the Four,
1011 to 102} ; the bonds, 36e. to 40s. prem. ;
and the debentures, 106 to Exchequer Bills,
12s. to 17s. prem.

Banking, financial, and miscellaneous shares are
without change of importance.

HALF-PAST ONE O'CLOCK.
The English funds are in fair demand, and the
price is steady at 93/ to t.
Foreign stocks are without any striking altera-
tion. Peruvian of 1865 are inquired for, and
have advanced it per cent., viz., to 76 to I.
Spanish New Three per Cents, are / better, at
361 to t, but Italian of 1861 have relapsed 1, the
present prices being 451 to 46/.
In the railway market Caledonian stock is in
demand, and has improved per cent., viz., to 84
to 1; Midland is quoted 107} to t ; South Eutern,
r3l, to 0, being I higher ; York and North Midland,
98 to 99 ; Berwick, 1051 to 1061 ; Metropolitan, I
1121 to 1, showing a rise of 1 ; North British, 341
to 351 ; London and North Western, 1181 to 119 ;
and Lancashire and Yorkshire, 1271 to 1281.

TWO O'CLOCK.
Consols are per cent. lower, at 93 to )1, both for
money and the account.
The foreign exchanges yesterday afternoon were
firm ; and a further movement in favour of this
country was observable as regards bills on Hol-
land and Hamburg.

As tending to give a favourable impulse to the
exchanges, it is of some importance to learn that
the quantity of wheat which has been taken
within the last fortnight for near ports of the Con-
tinent is estimated as follows, viz.:—Arrived at
Queenstown and Falmouth aboin. 70,000 qrs. ; on
passage from the Black Sea, Etc., about 15,000
qrs. ; on passage from California about 30,000
qrs. • and for Spain about 8,000 qrs. ; total,
123,000 qrs.

The subjoined shows the rates of discount now
current on the Continent, viz. :—At Paris, r
cent. ; Hamburg and Brawls, 2 ; Frankfort,
Amsterdam and Berlin, 3 ; Vienna, 4 ; Turin, ;
and 8t Petersburg, 8 per oent.
An extraordinary meeting of the Caledonian
Railway Company will be hell on the sth of
Ma eh when the directors will ask authority to
issue Four per Cent. Preference Stock to the amount
of 52000001., at the price of 80 per cent., to be con-
vertible into ordinary stock at par, in the option of
the holder, at any time within five years. As
much as 50 per cent. is to be paid on allotment, and
the balance in sums of lb per cent. at intervals of
three months.

A circular has been issued by the Atlantic Tele-
graph Company to the shareholders of the Anglo-
imn.= Telegraph Company, with a view to
I facilitate the exchange of their shares for the 10
r former company.
preferential shares of 61. each in the
company. The directors guarantee to them
an allotment to the extent of one-half their hold-
ings. With regard to the progress of the receiptsl
of the Atlantic telegraph cables, we have received
the following :
The fdlleg roars of the receipts of the Atlantic
telh cable daring the present weak shows in • re-
mle wanner the importance of this communication,
between the old and the new world to the interests of the
sercaatMe sommetnity of Nwgiand sad hawks, and the
effects produced by the preseat speenlation in the raw
option rasekot at Liverpool. Itoosipte math day this week,
front midnight to aldalt, sompsied wilt thews ai the
earroopowenarriod of Let
1867.
tebrvaryle, bendy- .. Febnowyl• &staple 11,181
• 17, Monday' 1,417 ~ 17,
Mon Sultan, .... 4.111
10, Tesehly... 1.610 ~ 19,
••
• 19, Wednesday 1,9110 ~ 19, rdayowdy .. 909
10, Thursday.. 1,929 , 20. Wednesday 1.021
• Oft
gale
of thin day the land lines of telegraph In Ireland were broken
by a whit
We learn that the Anglo-Austrian Bank have
takes over the old established banking business of
Mesas. Hemlatein and Co., of Vienna.
The proposed conversion of the Tunisian debt is
encountering considerable opposition in Paris, and
its success seems to be doubtful. Part of the plan,
includes the creation of a national bank of Tunis,
with a marital of 400,000/ , and power of incresae to
2,000,0001., of which the present holders of the
debt nay subscribe one-fourth.

3,

11 to 17 ; Daa Pedro, 2 to f prem. ; Alb.,
Illmailisa, per to 1 prem. ; Pastures; 1 to 1 dim •
Chontales, 11 to 1 die. ; Roma Grande, per to
prem.: Anglo-Itahao, par to 1 prem. ; United
Mexican 11 to 2 , Frontino and Bolivia, 11-16
to 13-16% Port Philhp, 1 5-16 to 7-16 ; and
Central American, 1 die. to par.

SHARE MARKEM-MHIS DAY.)

Wes to-cly to 1 p.m.]

COLONIAL GOVERNMSNT S
851. ZCIIRITIRS.
Canada Government, 5 per cent., January and July.
Omm
IMO to 19 of
00, Goo6i.d Haps, 6 par omit., April and October,
1
Mauritius 6 per cent., 1882, May 15 end Nev. 15, 108.
Natal Government 6 per cent.. Nay and November, 106. New Bottle Wales Goverament, 5 per mat., 1871.6,
January and July, 1/01,
Do., 5 per omit, 1696 January and July, 95i,
Do., 3 pm. °eat., nerlessenble by annual drawings from
1867-73, 104
New Zealand, 5 per mat, 98k, 71.
Do., 6 per cent., 1891, Jana and December, 1014.
Queensland, 6 per sent., 1884-3, Jam and July, 10.1 j.
Victoria Government 6 per amt., April and Oct., 1114.
12.
ORDINARY 811ARMII AND STOCKS.

Bristol sa I~atse 87.
d
83, 4, 34.
Groat Esabrirs.3o, f. 4, 4.
Greet Nordista, 106, Tf.
Do. A. (A maven no dividend until 6 per Cent. has bees
paid to /3) 101).
Great A estern—Orieinel_ AM

id;;;;Zir• and Yorkshire Li, V,.
London, Brighton, and South Coast,
London, Chatham' and Dover, 19, 184.
London and North Western, 119, In.
Maisobeeter, Sheffield, and Lincolnshire, id.
Metropolitan, mai }, x inter. d.
Midland, 107 d, d 4.
North British, 3 ,
South Devon, 44j.
South Eastern, 73,
-