The Express.
London, England, 1868-08-21 00:00:00

MONEY MARKET.--(THIS DAY.)

ONE O'CLOCK.

In the Stock Exchange there is very little dispq-
' sition to enter into fresh operations, especially as
that establishment will be closed to-morrow,
, with a view to some internal repairs being
effected. Consols are 1-16 per cent. • lower for
money, but are unchanged for the account. As
;regards railway stocks, the principal feature is a
;fall of per cent. in London and North Western
°sting to the announcement of a terrible
laecident upon that line, and to consequent
iticipations that the company will have
pay • heavy damages to the relatives
of some of the sufferers. Foreign bonds are flat,
and have receded in a few cases. Italian of 1861
have been sold to a considerable extent, and have
experienced a somewhat important fall. Banking,
financial, and miscellaneous shares are inactive.'
There is a fair demand for money to-day, but
&aloe three months' bills are taken at 14 per
oent., or below the Bank minimum. The rate
for loans is the Stock Exchange is 1 to 14 per
oent.

Consols are quoted 933 to 1 for mosey, and
901 to 1 for the account (September 8), and
Tkraapes Oseds.• Satkisaaifresal arse
per Ceuta, 931 to 94.. .
'ln the railway market London and North
' *astern stock has declined per cent., and Great
Eastern 1; while South Eastern, Metropolitan,
and Great Northern A have improved 1 to 1.
Subjoined are the quotations :—Caledonian,
78 to 3 ; London and North Western, 1153 to
116; Groat Western, 481 to 1 ; Midland, 1061
to 107 ; London and South Western, 88 to 90,
ex div. ; Great Eastern, 363 to 37 ;
Brighton, 521 to 1; South Eastern, 761 to 3 ;
Metropolitan, 1113 to 112 ; Great Northern,
1061 to 1061 ; Ditto A, 1031 to 1 ; London,
Chatham, and Dover, 191 to 3 ; Lancashire
and Yorkshire, 1293 to 1301 ; York and
Noith Midland, 91 to 92; Berwick, 101
to 102 ; and North British, 341 to 351.
Foreign stocks are flat, owing to a preponder-
ance of sales. Italian bonds of 1861 are chiefly
offered, and have receded 1 per cent., viz., to 51 to
4. Spanish of 1867 and Turkish of 1863 are 1
worse, at 331 to 34 and 381 to 1, respectively.
Brazilian of 1865, 761 to 771 ; Chilian of 1867,
931 to 941 ; Egyptian of 1864, 84 to 83 ; Mexi-
can, 15 to 4; Peruvian of 1865, 781 to 791; Rus-
sian of 1866, 93 to 4; Orel, 831 to 844; Turkish of
1858, 661 to 67; ditto of 1862, 641 to 651.
The Indian Five per Cents. have declined 4, the
present price being 1141 to 115. The Four, are
at 1041 to ; the Bonds, 20s. to 255. prem. ;
and the Debentures, 1051 to 3. Bank Stock,
243 to 245 ; and Exchequer Bills, 158. to 20s.
prem.

Bank shares are unaltered. London and County,
501 to ; Union of London, 331 to 1 ; London
and Westminster, 671 to 1 ; Anglo-Austrian, 61 to
7 prem., being 3s. lower; London and Brazilian,
30 to 2.5 dis. ; Imperial Ottoman, 1 to 1 prem. ;
and Consolidated, to 1 prom.
With respect to miscellaneous shares, Anglo-
American are 2s. 6d. to Os. lower, at 211 to 1, but
other descriptions are without change. National
Discount, 111 to ; General Credit, 21 to 2 dis. ;
Credit Foncier, 21 to 3 per share ; International
Financial, 11 to 1/ dis. ; London, 24 to 22 dia. ;
Hudson's Bay, 13/ to 1; Telegraph Construction,
151 to 1; and Atlantic Telegraph Eight per Cent.
Preference, 31 to 41.
United States 5-20 Bonds are 1 per oent, higher,
at 711 to 1; Erie Railway shares, 311 to 321;
Illinois Central, 901 to 91 ; Atlantic and Great
Western debentures, 38 to 1; and the Consoli-
dated Mortgage Bonds, 38 to 1.
The shares of the French Atlantic Telegraph
Company are at par to 1 prem.

The traffic return of the Caledonian and North
British Railways shows this week an increase of
1,562/. over last year.
A private meeting of the shareholders of the
Royal Sardinian Railway Company will be held
on the 27th inst., " when the directors will present
• report concerning a convention proposed to be
made between the Italian government and this
company, which has been approved by a law of the
kingdom of Italy, and concerning an agreement
between the company and their late oontractors,
Smith, Knight, and Co. (Limited), for settling and
compromising their mutual claims on each other."
A petition for the winding up of the Lundy
Granite Company (Limited), presented by Mr.
John Parker, of the National Bank, is to be heard
before this Master of the Rolls on the 7th of Nov.

TWO O'CLOCK.

The government funds and foreign bonds are
unchanged, apart from a decline of I per cent. in
Mexican. Railway stocks are Rat, and Great
Eastern, Metropolitan, and Great Northern A
have receded *to per cent.

FOUR O'CLOCK.
The English funds show no special change, at
931 to 1, both for money and the account.
Home railway stocks are inactive. Caledonian,
76 to ; Metropolitan, 1111 to 1; Brighton, 521
to ; South Eastern, 76 toe ; Midland, 1061
to 107 ; London and North Western, 11.4 to 1161;
Lancashire and Yorkshire, 1291 to 130 ; and
Great Western, 481 to 1.
Foreign bonds are quiet, with few dealings.
Italian of 1861, 61 to 1; Orel, 84 to 1; Nicholai,
661 to 1; Spanish of 1867, 331 to 341; and
Turkish of 1865, 381 to 1.
The amount of gold sent into the Bank to-day
was 27,0001.

No gold was purchased by the Bank yesterday,
but the bulk of the 233,0001. by the City of
London, from New York, consisting chiefly of
eagles, is expected to be taken there during the
next few days.
The whole of the one million of 3 per cent.
stock of the East Indian Railway Company,
issued at 61 premium, has been subscribed.
The Great Western Railway traffic return shows
this week a decrease of 1,9741., compared with the
corresponding period of 1867 ; the London and
South Western a decrease of 1,624/. ; the London,
Chatham, and Dover, including the Metropolitan
Extension and branches, a decrease of 1,831/. ; the
Metropolitan Extension, separately, a decrease of
98/. ; the Lancashire and Yorkshire, a decrease of
779/. ; the North Eastern, a decrease of 5,1061. ;
and the Manchester, Sheffield, and Linoolnshire,
a decrease of 96/. _ _

The directors of the Dutch-Rhenish Railway are
inviting tenders for 100,0001. in 4 per cent. bonds
of 1001. each, being part of an issue of 4300,0001.
authorised in May, 1887. Tenders are to be sent
in on or before the Bth September.

Annexed is an extract from a letter received
from Paris in relation to the French Atlantic
Telegraph Company :

The subscription to the shares of the new Atlantic
cable gem on here very slowly. Until the hot days it is
very difficult to say how much will be subscribed. In
our opinion it will hardly reach one half of the twenty-
five millions. Everybody says here that the whole will
be taken up in Londo•.i—!o they mid for the last Egyptian
I:an. Is the outside market the broken of the parties
.interested, .arere buyers at 12.50 prenthratpetidtare of
.SCO hams, With few tellers. The public here is not op-
paved to the undertaking, but tind it too risky to embark
their money in it. Should I leant something more pre-
cise. 1 will inform you immod4tely.
The fi&Wing le the tfikiel return of the cheviot'