The Express.
London, England, 1868-01-14 00:00:00

14, 1868.

INEi MARKET.-(THIS DAY.)

Ons Abaci&

The transactions in the Stock Exchange to-day
consist chiefly of purchases, and the tendency of
most of the market& is favourable. Consols exhibit
a fresh rise of 1 per cent., owing to a continuance
of boa fide investments, and to a comparatively
small supply of stock in the market. English rail-
way securities have risen 1 to 3, and the premium
for the loan of Caledonian and Metropolitan to the
next account has advanced to 11 to 1 per cent.
Foreign bonds are being steadily absorbed, with
the exception of Cnited States 5-20, which have
declined 1 per cent. in consequence of a further
rise in the premium on gold at New York, and
a continuance of the agitation in favour of redeem-
ing the capital in currency instead of gold. The
dealers are still principally engaged with the fort-
nightly settlement, which will be completed to-

The rate for bills in the discount market is 1* to
11 per cent., with few transactions. There is little
or no demand for money in the Stock Exchange,
and the quotation for loans is nominal, at 1 to 1
per cent.
Conaola are quoted 921 to 1, ex div., for money
and the new account (6th February). The
Three per Cents. Reduced and New Three per
Ceuta. are * higher, at 921 to
The railway market is firm, and several of
the leading lines have advanced. Midland stock
has improved per cent., viz., to 1031 to 1, and
the rise in other cases amounts to I to 1. The
prices are as follows :—Metropolitan, 114 to ;
Great Western, 45 tol ; London and North West-
ern, 114 to ; Midland, 10311 to ; Lancashire
and Yorkshire, 1221 to 1231 ; Caledonian, 73 to ;
South Eastern, 67* to 1 ; Great Eastern, 28; to 29;
Great Northern, 106 to 107 ; ditto A, 107 to ;
London, Chatham, and Dover, 18 to I North
British, 331 to 34 ; Brighton, 48 to 1 ; Berwick,
99 to 1 ; and York and North Midland, 911 to 921.
Foreign stocks are inquired for. Egyptian Bonds
of 1864 have advanced per cent., viz., to 88 to
; and Turkish of 1865 are 1 better, at 301 to ;
Greek are at 12 to ; Spanish New Three per
Cents., 34 to I ; Portuguese Scrip, 1 to 11 prem. ;
and Mexican, 14 to 1.
United States 5-20 Bonds are offered, and are
' lower, at 71 to ; Erie Railway shares are called
• 491 to 50; and Illinois Central, 871 to slo.w-
ing no change.
Atlantic Cable abates are firm, at the improve-
ment of yesterday. Anglo-American, 201 to 1 ;
, and Atlantic Telegraph Eight per Cent. Preference,
5 to 1.
As regards financial slimes, International Finan-
cial have improved 2s. 6d., viz., to 2/ to 1 A dis.,
upon the issue of the directors report. London are
at 231 to 221 dis. ; General Credit, 2R to 1 dia. ;
and Credit Foncier, 3 to 1 per share.
The City of London has arrived from New York
with 236,5001. in specie ; the Atrato, from the West
Indies, with 92,0001. ; and the Strathdon, from
Sydney, with 13,0001. The total is 341,5001.
HALF-PAST ON; O'CLOCK.
The English funds are offered, and have relapsed
1 per cent., the present price being 94 to 1, both
for money and the account. Other securities are
steady.
The arrival of 342,0001. in specie was announced
yesterday. The Hermann, from New York, has
brought 230,5001. ; the Seine, from Brazil, 06,500/. ;
and the Liberator, from Sydney, 45,0001.
About 12,000 sovereigns from Lisbon were sent
into the Bank yesterday.
The declining tendency of the New York ex-
change leads to the impression that the export of
gold to England may soon diminish.
The continuous fall in the Indian exchanges has
led to speculations as to the probability of silver
being despatched from that side to this country,
di, but it would appear that a further considerable re-
duction must take place before such a movement

is likely to occur•
We understood that the_old established banking

business of Messrs. Craws ay, fey, and Co., si

Abergavenny, Monmouth, ind Newport, will be
transferred on the 15th inset. to the National Pro-
vincial Bank of England. The Bank of Messrs.
Crawahay, Bailey, and Co., was established in
11837, and has a tiled note issue of 29,3351.
The directors of the Metropolitan Bank cLimited),
have issued the annexed report, in anticipation of
the general uieeting called for Thursday next :
The daystars have pleasure in presenting to the pro-
prietors a statement of the :Lc-counts to 31st December
last. After making provision for bed rad doubtful debts,
for interest paid to customers, as well as retakes and cur-
rent expenses, the prof: and loss Lecourit exhibits a
betimes of 12,3921. 6e. 6d. (cut of which an interim diri.
dead at the rate off per cent. per annum was paid to 30th
June last), a result which, cobsidering the low rates of in.
tercet during the pad year,will, it is hoped, bedeemed satis-
factory. The directors recommend that • dividead atthe rate
of I per cent. per swum (flee cf income tax) be declared,
leaving 2,322/. thi. 6d. to be carried to the credit of profit
and loss new account. Messrs. Hobert Andrew Boyd,
Thomas Campbell, Charles Gilpin 16. P., John Allan
Moore, and Francis Nash, being first directors of the bank,
retire from office, under section No. 126 of the articles of
aisociation and being eligible offer themselves for re-eloo.
tion. Alderman Sir Robert Walter Carden he at.
121
cepted a seat at the board daring the. past year, t e s are-
holders are now invited to minium this
e>apointmnt. The
retiring auditors. Messes. Cooper Brother awl Co.. and
Mr. Joseph Fogerty, being eligible, offer themselves for re-
appointment. The dividend warrants will be sent
ins t. to the
shwebolders, by port, on Friday eveodsg, the lith
The South Eastern Railway traffic return shows
this week an increase of 1,316 f. over last year,
and the Brighton an increase of 1961.
The annual meeting of the National Provident
Institution is called for the 27th inst. It appears
from the directors' report that the accounts for the
year show a balance of receipts over disbursements
ef 149,3881. Gs. 10d. or an increase of 39,785/.
compered with the preceding year ; that the accu-
mulated fund has thus been increased to
2,789,6481. lls. 11d. and that the total gross
annual income is 41435/. Bs. 7d. The actuary is
now engaged in the valuation of the society's lia-
bilities and sabots to the 20th November last, for
the purpose of apportioning amongst the members
the routs which have accrued during the five years
ending at that date.
In preparation for to-morrow's settlement, the
supply of stock yesterday in the railway market was
in some instances rather less than at the last
settlement. This was attributable in some degree
to the approaching closing of the books for the divi-
dends, as at such periods some holders who may
have lent stock in the market insist upon having it
retransf erred into their names. The scarcest stocks
to-day, and those for the loan of which the adverse
speculators were chiefly willing to pay, were Cale-
donian, Lancashire and Yorkshire, Metropolitan,
and Midland. The following shows the terms on
which the carrying over was generally conducted:
81TES OF °Cent); CATIONS.
s/kg.
osiedoedaa
Meat Mr Om 143 to 5.32 eon... 142 to 542 con.
Grad Wolin l-145 to 3-10 coo. • . to I coo.
Owl Nakao • even tot cow .. even to I con.
Zonis awl a even to e con. .. even toe con.
loodenemdßelWwader even to e cow .. I back to even.
Dover Is. tols.ed.con... la. to la. ed. oat.
Tatibire to beck fto ibock
MEAL liessla even to e eon. ..
746
even to cow.
toi-16 Omit to a Wok
111111 ml. to book ...
. Ito bock
even to
even o
td.COU.s. OMNI to
entotp.c.p.oco... on tcotP•e.PALts.
i niirfr ook ge maw .• ed. to IL 416. to Is. ea
Gni Weds d Coma • as. Od. to 9d. cm. .. td. to 9d. co.

Homer Immo.
Consols, which closed on Saturday at 92g to
both for money and the 6th February, opened and
closed to-day at 9211 to }. The Three per Cents.
Reamed and New Three per Cents. were quoted
at three o'clock 92* to;. being g higher than Con-
sols. Intrinsically, however, reckoning the divi-
dend accrued since last October, these stocks are