The Express.
London, England, 1864-12-01 00:00:00

THE EXPRESS, THURSDAY EVENING, DECEMBER 1, 1864.

sons came to the door for admission. He took in as many
as he could—between 40 and 50—selecting the new comers
from those who had been admitted the previous night, and
while doing OD a 1111111 who was one of a number the prisoner
had brought to the plane, struck him a blow. The prisoner
and others sang indecent songs and made seed very obscene
The prisoner had been to the house Dearly every
language.
past, and the policeman and other wit-
nesses had notiosdhis aoudad and were mesa% to speak toit.
In answer to Mr. Knox the porter said he took forty-eight
persons in, and they were making arrangements to admit
more.

The priaoner said the porter struck the man first, but the
porter denied this.
The primmer oomplained that the roan who struck the por-
ter war let go, while he was taken into custody, and Wed
the constable whether he heard him speak to the porter.
The constable said he did not hear him speak to the
porter, but he beard him say "Give it to the old
The porter said a constable wanted him to give the pri-
soner in charge for his conduct on Monday night lad.
Mr. Knox said he did not believes word the prisoner had
said, it was a tissue of lies. Hedid not believe that the poster
and the constables were all in a conspiracy against him. The
prisoner was a young and stout man, and it was disgraceful
that he should be hanging about such places at all, work-
houses being intended for old and decrepit persons. He
should order the prisoner to find one bail of 51. to be of
good behaviour for 14 days.

SHARE LISTB.-MlllB DAY.)

Two o'CiocK.

- - - - -----
The railway market is inactive to-day, and, with
the exception of a decline of per cent. in Great
Western and k in Great Eastern, the principal
stocks are quoted the same as at 4 o'clock yesterday.
London and North Western stock is now quoted
117 to 118 ; Great Western, 77i to 78 ; Midland,
136 k to I ; Lancashire and Yorkshire, 115 to
; aledonian, 132 to 133; South Eastern, 85
to ; Great Eastern, 47} to 48/ ; Great Northern,
132 to 133 ; London and South Western, 9711 to
981; and Metropolifin. 119 to 120.
Indian, Canadian, and foreign railway securities
are quiet.

I Pd. 1 avowal Odic

• 124-1
21 22
Par bra
112 52
2* 5
25 SO
67 63
65 70
141 a par
if TIP':
21 1 11,
1611 par
32 Pu
• 1611
}pm'
Opal
lab
20
111.9 u
St 2; pm
• 2 dla
SS U
109 112
110 112
• 2611
2 1 Ells

.9Pr.,

7 ai 7i

7ti

261 II

=4*

lirry.-Wheat, Barley, Oats, Bye, Beans, and Peas, Is.
DIIOLAX StIuETNO THE norm:rums IN TSB AVERAGE ISM
OF WHEAT 0171/110 TER 82 111111.9 NAILED.
Prices. I Oct. 22. Oct. 2e. Nov. 6.1 Nov. IL Nov. It Nov. M.
- --
35 11
as • •
la 8
m 6-
LIVERPOOL COTTON MARKET.,
(THIS DAY.)
(IT LLECTLIC AND INTERNATIONAL TELEGRAPH.)
(PROM DES OWN 00ERRIPO11DENT.)
Cottoc market slightly improved. Balaii probably about
6,000 hales.
MINCING-LANE.-(THIS DAY.)
SVGAR.-No public sales have bees held to-day, and pri-
vately the demand continues very limited, and prices have
still a downward teudeoey. Relioed : A moderate bodiless
is doing at previous prices.
Con EL-The market is firm for all ooloury qualities of
East India, at full prince ; no public sales brought forward
to-day.
TEL.-The market continues quiet.
lice.-.t full amount of business has been transacted,
including Necranzie Arracan, at Be. 6d. ; Rangoon, 8.. 9d. ;
white Bengal, I Is. fid. to 129.
SPICES -Pepper is rather lower in value ; common Penang
sold 3d. to 30. Nutmeg' at previous prices ; small, la. Id.;
middling, Is. 3d. to la. sd. ; good, 24. 9d.
Rum. - About 50 puns. sold Leeward., Is. 7d. ; good
Demerara, la. lid.
FRUIT.-Valencia raisins are in active demand at firm
prices ; other qualities and currants steady at previous
rates.
SALTPETEE.-No sales reported.
CO ITON.-TEO males me too small to affect prices.
JUTE has cold heavily at lower prices: rejections and
common, 10/. 15a. to 141. 5e.; good ditto to good middling,
151. to Int. 15e.; fair to flue, 211. 5.. to 254 15e. ; cuttings,
71. to 71. 15e.
TALLOW MARKET.-(THIS DAY.)
The market is quiet. Town tallow is quoted 41.. 3d. net
cash ; Peteraborg Y.C. on the spot, 41s. ; Jansen, 41s. fid. ;
March, 425. ltd. ; April to June, 42.. 9d. ; October to
December, 445.
METROPOLITAN CATTLE MARKET.
(THIS DAY.)
The supply of beasts is again short. The demand ix active,
and Monday's quotations are readily obtained. The number
of sheep is considerably larger than oil Thursday list,
i yet
is it is not excessive. Trade notquite so brisk, but there s
DO quotable reduction in prom. Calves we more plentiful
there is, however, a demand for them. Our foreign .apply
consists of 1,007 beasts, 1,640 sheep, 287 calves, and .40
Parr.
stelae et albs. ad.a A. I Per stew d Sac a. 1. 8. d.
Mat Mli ots, ersids. 4 Best bus& 111-lulsflt 0 0
Best abort-berm . 0 4 Beat Loog.wools... .6 4
Second gnat. eosin R 4 0 Do. do. Mora .... • 0
Calves
Pig.
Deist Drat -bred s 6 8 10 lamb.
Besets at market. 1.41 : sheep sad lambs, 5.120 ; salves,
$l5; Dlg . much cow 76.
SMITHFIELD HAY MARKET.-(THIS DAY.)
Hamra Harvey said Eastoo report trade firm at the fol-
lowing prices :-Prime meadow bay, 955. to 105 s. ; clover,
old, 110 a. to 1216 e.; straw, 25a. to 30k

ILFRArOMBE RAILWAT.--(THIR DATI—The first
ordinary geoend meeting of this company 'ram held this
afternoon at the Waterloo station of the South Western
Railway. The proceedings were merely pro /cried, and
repartees were sot admitted.

MONEY MARIZET.-(THIS DAY.)

Two o'CLooi.

The stock markets to-day are rather firmer,
though business is limited. The chief improvement
is in the English funds, which show a recovery of
per cent. Most other securities are fairly sup-
ported at yesterday afternoon's quotations. Spanish
Passive Bonds and Certificates, however, have
relapsed.
The discount market is quieter to-day, but the
rate for the best bills is firm, at 61 to 7 per cent.
In the Stock Exchange short loans are obtainable
at 5 to 6 per cent.
At Paris to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Rentes were quoted
65fr. 10c., being 1 per cent. lower than yes-
terday.
Consols are now quoted 901 to /, with div., for
money, and 891 to /, ex div., for the account
(Dec. 8). The official business report is as follows :-
Three per Cent. Console, for money, 901, a ; ditto,
for account, 891, 1, 89, 1 ; Three per Cents. Re-
duced, 881, 1 ; New Three per Cents., 881,
; Bank Stock, 239; India Five per Cent.
Stock, 1051, 1, 106 ; ditto Four per Cent. De-
bentures, 1866, 97/ ; Five-and-a-Half per Cent.
" enfaced " rupee paper, 110, 109 ; and Exchequer
Bills, June, Os. din.
Spanish Passive Bonds and Certificates have
been more offered, and have experienced a relapse of
1 per cent. Greek Bonds have declined t to
per cent., while Mexican have improved
1. Most other foreign stocks are steady.
Some of the present quotations are as follows,
viz. :-Greek, 221 to 23 ; Mexican, 291 to g ;
Confederate, 59 to 61 ; Spanish Passive, 321
to 1 ; the Certificates, 141 to 15 ; Turkish
Bonds of 1858, 711 to 721 ; ditto 1862, 711
to 1 ; and the Consolides, 461 to 47, ex div.
Transactions are recorded as follows :-Brazilian,
1852, 1838, 1860, 841, ex div. ; ditto, 1863, 831 ;
Egyptian, 951, 95 ; Italian, for account, 641 ;
Mexican, for account, 291, 1 ; ditto, 1864,
271 ; New Granada Deferred, 61 ; Russian, 1850,
871 ; ditto, 1862, 87, 86, 1, ; Spanish, 481 ;
ditto Passive, for account, 331,33, 1, 321 ; ditto
Certificates, for account, 13/, 1, 15 ; Turkish,
1854, for account, 881 ; ditto, 1838, 721 ; ditto,
1862, 1001. Bonds, 71g; ditto, Guaranteed,
100/ ; Venezuela, for account, 18a ; ditto, 1864,
401, 41f.
Egyptian Loan scrip is quoted 1 to 4 prem. ;
Danubian, 1 to 1/ prem. ; and Atlantic and
Great Western Railway Debentures, a to 1 prem.
International Financial shares are now quoted
21 to f prem. ; London Financial, 91 to 10
prem. ; General Credit, 21 to 31 premium ;
Imperial and Mercantile Credit, 31 to f prem. ;
Hudson's Bay, 161 b g; Ottoman Societii
Gifinkale, 21 to 1 prem. ; and Anglo-Egyptian
Bank, 1 to 1 dia.
The foreign loans lately introduced seem to have
met with only a limited amount of support at the
hands of the British public. It is felt that de-
mands of this nature are far too frequent, and the
tendency to caution is certainly not diminished by
the prospect of further issues of a magnitude that
will cast the leans now on the market quite into the
shade. That many foreign governments are habi-
tual borrowers is well known to all of us, and it is
to be inferred that they will remain in financial
straits just as long as we suffer them to continue
the hand-to-mouth system, in which they have so
long indulged. There will be no adequate retrench-
ment-no radical financial reform-abroad until
British capitalists draw their purse strings tight,
and demand large terms for the accommodation
asked of them. We have, indeed, something else
to do with our savings at this time of
dear money. There are plenty of enter-
prises of a really legitimate and promising
character which are in want of capital,
and in which it may be much more usefully em-
ployed than in contributing to the empty pomp of
courts, to the maintenance of hundreds of thousands
of men in armed idleness, or to the manufacture of
every species of weapon destined for the d.struc-
tion of the human race. As regards those countries
which are notoriously in want of railway communi-
cations, and of public works of every sort, the ex-
travagance of their governments is deserving of
especial reprobation, for when the English market
is gorged with government stock, there can be but
• limited opening for issues of capital for railway
and similar useful purposes, unless on almost pro-
hibitory terms. Looking, however, merely to our
own interests, a 7 per cent. rate of discount at the
Bank is proof enough that we are at present at the
limit of our immediately available resources, as
regards capital, that we have barely sufficient for
our purely trading purposes, and that our legiti-
mate home business must be prejudiced if we are
so imprudent as to throw our money broadcast over
the world, in investments of au unproductive cha-
racter.

The proposals of the Spanish Government with
regard to the settlement of the Passive and Certifi-
cate debts are looked for with touch interest, the
more especially as the affair, from its magnitude,
is necessarily one of unusual difficulty. To
deal only with round numbers and a hypothetical
rate of settlement-8,000,0001. of Certificates, at
20 per cent., would represent 1,600,000/. of new
stock ; 7,000,000/. of the Passive stock dealt in
bare taken at 40, would represent 2,80(1,000!. ; 11
million of first class Passive stock, at 60, would
amount to 750,000/. : and 3,000,0001. of the se;:outl
class exterior Passive, at 32, would amount to
960,000/. These claims would thus represent, upon
this basis' All aggregate of about 6,100,000/. ; and
if it is to be assumed that the holders are to receive
the equivalent of cash in the subscription fur a new
loan, the mere settlement of the Passive and Certi-
ficate debts would involve the creation of between
14,000,0001. and 15,000,0001. of new Spanish
3 per cent. stock. But in any settlement that
may take place, the Spauish government will doubt-
less insist upon getting a new loan, and, supposing
it to be content with 5,000,0001. of cash, some
12,000,0001. more of 3 per oeut. stock would have
to be created. Adding this amount to that
already hypothetically arrived at for the settlement
of the Passive and Certificate debts, it would
appear that upon this plan an aggregate of at
least 27,000,0001. of new 3 per cent. stock
would have to be issued. Now, it is extremely
doubtful whether, in the present disposition of the
market with regard to foreign loans, an operation
of this magnitude could be successfully carried
through. Of course everyone wishes to encourage
the Spanish government in the desire attributed to
it, of dealing tardy justice to its creditors, but it
would be delusive to veil front sight the ditlicultiea
which must attend the affair, by reason chiefly of
the delay which Spain has culpably permitted
during a long aeries of years.
The steamer Oneida, from Brazil, has arrived at
Lisbon, with 53,142/. in specie.
We are requested to mention that, " in conse-
quence of the arrangement recently entered into
with the Italian government for the sale of the
crown domains, the Italian Land Company have
made a call of 51. per share."
The London and North Western Railway traffic
return shows this week an increase of 6,9541. over
last year; the Great Western, an increase of
2,833/. ; and the Great Northern, an increase of
3,720/.
The West India and Pacific Company's steamer
Barbadian' which left Liverpool yesterday for La
Guaira, took 10,000/. in gold for the London and
Venezuela Bank at Caracas.

The report of the directors of the City and County

assurance Company (Limited) recommend., that
interest at the rate of 5 per cent. per annum be paid
on the paid-up capital up to the 30th Sept. last,
and states as follows :

During the nine months 2,830 policies have been issued
in the various departments, producing a new asses' income
from premiums of 5,382 f. Ds. 3d. The premiums fret
tire insuranoe amounted to 3,0841. I:Ni. 7d., awl the present
quarter is showing a progressive proporti mato i:,crease. The
claims in this department amount to 14fr21. IC.. 4a. The
annual income of the life department is about 4,0001., arid
the losses from the conimenoweent of the comptay amount
to 200/. The entire receipts from premiums amount to
b,21121. 6s.
The letters of allotment of the Colonial Trading
Company (Limited) were issued li/et evening.
Messrs. J. 13. Schroder and Co. have announced
the dividends due the 15th December on the bonds
of the Bay of Bavaria and Matanzas Railroad and
Matanzas and Sabanilla Railroad Companies.
Messrs. Dent, Palmer, and Co. have announced
the dividend due this day on the Swedish Provin-
cial Mortgage Loan.
We are requoated to state that Mr. Charles
Lungley, the well known sLipbuil.lor, of Deptford,
has entered Litman arrangement with the 3E1'19.'41
Iron Works, Shipbuilding and Graving Ducks Com-
pany (Limited) by which he joins that company
with his shipbuilding and engineering works at
Deptford, and takes the general control of the
united establishments as director of the worka. This
will place the additional capability required fur their
large business within the control of the Millwall
Company, together with the most extensive dry
dock in the Thames.

The subjoined report on the bullion market is
from the circular of 'Messrs. Sharps and Wilkins,
issued yesterday :
The principal feature in the bullion mai kat during the
past fortnight has been the sudden and very decided revival
of the demand for barsilver. This has been caused princi-
pally by the late news from America, abutting out any
hopes of an immediate cessiatioo of the civil war, and the
consequent urgent need of silver as a means of remittance
for the purchase of cotton in the East. The price has
therefore improved, and closed with considerable firmness at
in. lid. to Ss. 1,1. per oz. standard. Transactions in Mexican
dollars have been incoosiderable, the arrivals at the same time.
however, having been but limited, the market shows but
little alteration. The stocks at present on hand are very
firmly held fur higher prices. About I,ooo,Utal of these
coins are expected to arrive during the month of December.
Gold of all descriptions continues in demand, and all ar-
rivals are immediately taken for export.

WEDNESDAY $117211216.

Consols, which closed yesterday at 89/ "sayers,"
ex div., for the Bth Droewoer, opened this morn-
ing at 89/ to g, and closed at 89 to . For money
the last price was 901 to A, with div. The official
business renort is as follows :—Three per Cent.
Consols, for money, 90/, , ; ditto for at.couut,
893, I, 89 ; Three per Cents. Reduced, 88;4 3 ;
New Three per Cents., 88/, g,i ; Stock,
219/ ; ditto Five per Cent. Stock, 106, 1051 ; Five
per Cent. "eufaced" rupee paper, 102.
The India Five per Cent. Stuck w.:s weaker. The
Five per Cent. rupee paper, however, has improved.
The March Exchequer bills remain at ss. did to par,
and the dune, at 6s. to Is. dis.
In the foreign stock market the principal feature
was again a very active business in Spanish Passive
Bonds and Certificates. The market for the former
stock opened this morning with a very buoyant
appearance, owing to a large purchase—reported at
200,000(.—and the price reached at one period 331
to 34, the Certificates at the same time touching
15/, " buyers." The rapid rise of the last few days
inducing realisations, however, a relapse took place
iu the afternoon, y.Jt the closing quotatious were
still in each case about / per cent. above those cur-
rent at 4 o'clock yesterday. Turkish Consolidegs
remain heavy, and have again declined per cent.
There was also a reduction of I per cent. in Sar-
dinian and / in Mexican and Portuguese. Vene-
zuela Bonds were firmer, and the Loans of 1862 and
1804 improved it per cent., owing to the satisfaction
inspired by to-day's adsices.
The transactions in bank shares were unusually
limited, owing probably to the settlement, and
little change occurred in prices. Mercantile and
' Exchange and British and Californian Bank shares
were weaker. International Bank have slight]
rallied, and there were inquiries for European Bank
shares.

Hudson's Bay shares were last quoted 16 to j,
being dull ; Egyptian Trading, 1 to I/ prem. ;
National Discount, Ili to prem. ; and Joint
Stock Discount, to / din, being slightly firmer.
Ocean Marine Insurance shares have improved,
and there were inquiries for Commercial Union In-
surance, Berlin Waterworks, and South African
Mortgage and Investment. Qaebrads Land and
Miuiug, Trust and Loan of Upper Canada, and
Trust and Agency of Australasia were Hat.
The shares of the financial companies. on the
whole, were steady. Imperial Mercantile Credit
met with more inquiry. The closing quotations
are annexed, via.:—International, 2 7-16 to 2 9-16
prem. ; General Credit, 3 to 31 prem. ; London
Financial, 91 to prem. ; Imperial Mercantile Cre-
dit, 31 to prem. ; and Credit Foncier and Mobi-
lier, 31 to prem.