The Express.
London, England, 1863-02-17 00:00:00

Ilrik
Mt
lOSI 1
Pra

$ I

MDI/1.

So. I 82. aftrue. Pd. OL prior I Saks. 1
6,0007 II Cambrian Con. 07 • 1 a 1 pm -
2,900 .. Cilfford AmaL vil X SI - 1
LOU .. Dm. G. Oon. (Tortoni ) 1 180 640 - 1
615 .. Zan Basset (Illoraa)
60,000 1 Zeit Clops Gold (Lim) M. 1 dis 4pm 1
1.141 .. Zoot °anion
6.000 .. lest Oars Brea 11067
$ 101 11 -
MX - I.ll9.llineel (Taoistic) 11.1 M. 44 X '' 1
481 - flemblor • BAToi Lubragno. 1161 17 19 -
6,000 .. ONO &Palk
5,908 - 41. SLUM (11•Xers) 5l 61 -
6000 .. Orenvillo - '
1,094 Hared eSooll .. -..- 61.12a 60 61 -
0,000 ~ 11nokm Downs -
0,000 - d
eln Bertha 16.6. I 11 -
OS .. Mie& (Mir Lotant). 9/ 1118 40 -
5,048 .. Merin Taney
-
50.4400 4 157711•7 12011 0771 X
_l_4/a itaf -.
- New Beton -
UN .. Salk Downs -
GAO - . Wk. Beret (Dien* ILI
44 1
1.460 .. coth Wbsal Orally - L 1.9. -•
VIA .. Par Ocom. Pk. Bluer) . le 6 6 -
;XI11) Providence (U. Lek*. 111.11.1. 40 41 -
.. IL Oandon (H. Oleer) X 895 405 -
5,009 ... S. Can Bras (Mogan) . 511604 84 24 -
Y 6 .. 1. W. lianas (Mop* 18.18.9. 86 90 -,
9110 _ Dirk 18.9 40 -
46.000 10 ON 6 Tasear
On7ll
161 161 -
6.000 ... Wool Hama () ll 11138
LOU .. W. Orantke fldmwevl 1 SS te -
4eo .. West Mon -
511 - Wk. lameo -
193 .. Wk. Belle tinattdrilt) • 6 66 76 -,
Lore ~wk. Kitty (n. Lelent) 1.0.07. 74 3 ".•
6,800 ~Whasi Ludoott llO.B 7 7 61
1,014 _ W.lters Arro(latbmi ) 1 114 1 -
896 .. Skid aeton 5Bl 1210 11014 1171 AM
1...0 .. Wai. 2`..b.....•2 ta.i., ) 7 17 al -
6.000 .. SIMI Ihnon -
.TOUrT KOOS BASEL
No. 186. I Bann& 1 P4l CL Flow I Itakr.
14 MO Agra and U. Mr. bank . 69 98 100 -.
11,001 100 AlManooLon.ttlAverpool 17 71 781 pro -
M 540 40 Andraleeta all 80 1111 1
10,0111 II Bonk et = all 151 11 101
4 000 140 Bank of -
10,0 N 100 Bank of Quarles/3 11 lO 11 ltile -
10,. X BriLandAnterloaslM.l 1 -
11.000 80 BIWA X. Amodio
26.000 90 Bank of Vietoria.• X 30 28 -.
11,640 20 Cbar.Bk.BriL Oolamota 10 4 dln par -
MIX 10 0. Bk. InOMAnn Mins eli 211 rt -
*goo is Obeli 1, d 144 ail as so -
9 010 IN OW - ..... .......... - II 90 91 -
19006 1110 Oolowlal -
40,000 20.11 Com. Bank of Canada all - - -
10,000 100 Loglnh and Irish (Lim ) 2 14 214 m -
16,0000
IS lan.lleonannoLCoarsa. an 95 a -. DI
100 litudunt.ebbsolUep.lL) 16 X 11 he -
10,000 100 Impede Bask Limited 11 1 dl. 1 pia -
10,000 100 Landon ell BrealtMa U 64 Xprt.
6,000 100 lan.A.AprontS.llrle
50,000 20 Lan OIL Beak el Amelei. ail 9/51 261 -
6,,000 leo Lomita and
OOoloold (L 8 11 Om -
56.000 se Lando& end mni, 10 30 40
00,000 60 Loudon .11Int Noel
_.
....
10,100 100 Lon. an/ 1114111amill.. 1 1 dl. 1 pet -
10,000 100 Gm and Neranrs (L. 2 4 dla -
NAM 90 Isonait • Ileum Asti, u.an 1164 f -
6,000 100 km .111Weatorn (14.. 2 1 di. par -
So 409 nor Los. and Wookammer- SO 7111 771 IT 161
7,400 100 Yoko. • Prov. Bonk (L. 10 8 4pm .-
3,000 100 Do. Imernoi 1 14 Bpm -
10 040 100 Mare. a samosas - - -
55,080 20 Do. BM
20,010 10 Do. do.
r 1.409 too Satkeal Bank - - -
WO SI Vow balk Wales all 49 61 -
60,400 11 Oriental Bank Oorpern an 561 561 56
9 gas U 1 11
MIX 91 O&M= Bank
woo so Do. New 1 IX
10,000 100 Pronnolal a Irelv-i 16 - - -.
141, • 26 Belndo,PonJ., et Deihl (L 2 100 par -
8
,1100 10 South Australia
,ii 100 Stand.of BrilB.Afrlea(L a 7
11
111 0., X hobo of Aintrstla . on 11 T. 61 -
4400 1041 Ms. o I rag. airtime (1 2 4du par ...
10,140 199 Volon of Ireland (Um.) lt 1 1146. -
MOO 110 Macs of Lark. . 11 1131 144 -

lien*
s s

MONEY MARKET.-(THIS DAY.)

Two o'CLoci.

The funds to-day are quiet, at yesterday's
closing quotations. In the other markets
the amount of general business has been
only moderate. The continued rise in Ot-
toman Bank shares forms a feature of interest.
English railway stocks present little movement.
Foreign docks are for the most part well supported,
except Russian anti Spanish, which are heavy.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened at
70fr. 45c., being 6c. lower than yesterday.

Consols are now quoted 921 to / for money, and
921 to 93 for the account (March 5). The official
business; report is as follows :-Three per Cent.
Consols, for money, 921, 1; ditto for account, 921 ;
Three per Cents. Reduced, 921, 1, 93, 921 ; New
Three per Cents., 93, 921; Bank Stock, 239, 237,
239 ; Thirty Years Annuities, 1885, 151; India
Stock, 227 ; ditto Five per Cent. stock, 1084, 108 ;
ditto Four per Cent. Debentures, 100 ; Five per
Cent. " enfaced" rupee paper, 1051 ; and Ex-
chequer Bills, 13. dia.
Russian and Spanish securities are drooping.
Italian Five per Cents. are steady. New
Granada Two per Cents. have advanced,
Egyptian and Mexican Bonds are inquired
for, and Greek have risen about f per cent.
Turkish remain steady. Some of the present quo-
tations are subjoined :-Turkish, 1854 Loan, 90 to
; ditto, 1858, 731 to 74 ; ditto, 1862, 704 to f ; the
Consolidds, 411 to ; Greek, 21 to 1 ; and Vene-
zuela Six per Ciente., 601 to 611. Transactions are
recorded as follows :-Brazilian, 1862, 1868, 1860,
931; Chilian, 831; Egyptian, 1001,100 ; ditto, second
issue, 1001, 100 ; Greek, 21,1 ; ditto Coupons, 91,
1 ; Italian, for account, 694, 1, ; Mexican,
for account, 331, 1 • Moorish, 94, ex
div. ; New Granada, 30, f ; ditto, Deferred,
71; Peruvian, 1862, for account, 884, 891 ; Portu-
guese 1862, 471, 47 ; ditto scrip, 31 prem. ;
Russian 1822, 971; ditto 1850, 92,11 ; ditto
1860, 93},1, 1,1, 1, ith Sardinian, for account, 831;
Spanish, 53 ; ditto Passive, 26f, 1, 26 ; Turkish,
1854, for account, 90 ; ditto, 1858, for account, 731,
1, 1 ; ditto, 1862, for account, 704, 1 ; Venezuela,
1862, 60f, 611.
The ease in the discount market becomes daily
more apparent. Three months bills were taken yes-
terday at 41 to 41 per cent., with transactions even
at 41. It is further significant of the tendency of
the market that six months bills were discounted

yesterday at 4} per cent. It is consequently ex-
pected that the minimum at the Bank of England
(where business yesterday was decidedly slack) will
be lowered either to 41( or 4 per cent. within the
next ten days.

The Arabia, from Boston, has brought 60,0001. I
in specie ; and the Ripon, from Alexandria,
15M51.
The New York advice. show that the exchange,
previously reported at 175, has relapsed to 173+,
and the premium on gold from 59 to 571 per cent.
Another important addition is likely to be made
to the list of amalgamations of private banking
businesses with joint-stock concerns. It is said
that an arrangement has been made for a transfer
of the business of Messrs. Heywood, Kennard, and
Co., the private bankers, of Lombard-street, to the
Bank of Manchester (Limited). In this case the
bank in London would probably act as the metro-
politan agency of the establishment at Manchester.
The committee of the Stock Exchange have ap-
pointed Friday next a special settling day in the
shares of the following companies, vu.:—British
and Foreign Marine Insurance, New Zealand Trust
and Loan, Anglo-Portuguese Bank, St. Cuthbert
Lead Smelting, and Oil Wells of Canada. The
three former undertakings are to be marked in the
official daily list, and the two latter in that pub-
lished tildes a week.

Sir Robert Walter Carden, who was until re-
cently chairman of the City Bank, has become
chairman of the English and Irish Bank (Limited).
The adjourned meeting of the North Stafford-
shire Railway Company was held at the London
Tavern to-day to learn the result of the poll, which
is as follows:—For the amendment of Provost
Anderson ordinary shares, 53,968 • for the motion
of the directors, '
ordinary shares, 48,433: majority
for Provost Anderson, ordinary shares, 5,635.
For the motion of the directors, preference shares,
30,316; for the amendment, preference
shares,
2,1911: majority, preference shares, 28,120. ,a
majority for the adoption of tile report, 22,585
shares, 3,841 votes.
The Brighton Railway traffic return shows this
week an increase of 2,1751 over last year ; and
the South Eastern an increase of 2,0621.
On behalf of the London and North Western
Railway Shareholders' Association' the following
resolutions will be proposed at the forthcoming
meeting of this company, to be held in London on
the 20th instant :
lst.—That this gradual and continuous decline in the
value of this property is clearly traceable to the mistaken
policy of the directors, who, instead of relying on the in-
herent resources of the railway, and • steady development
and economical working of the traffic, have sought to Web-
halt • territorial monopoly by unwise and unprofitable ex-
tensions and improvident purchases, leases, and guarantees
of competing companies, whereby the capital ham been
wastefully expended, and the us absorbed to meet
the losses sad liabilities thereby incurred ; and this meet-
ing is of opinion that • stop ought to be put to
any further expenditure on capital account, except
such as is necessary to oomplete unfinished works, and
that no further liabilities should be incurred by leas-
ing or in any other way subsidising competing schemes.
2nd. That the basins and working mansoremiuit of • rail-
way require that the whole time, attentioo, sod energy of
those engaged in it should be exclusively devoted to the
duties. And that, inasmuch as the mode electing directors
affords oo guarantee of fitness for these duties, and as the
social sad independent position of directors, combined with
their private engagements, render it impossible that they
can give that continuous attention which the working
ma-
nagement of a railway demands, this meeting is of opinion
that the management should be confided to • paid staff of
°Seers including • managing director as the chief, wheaten
be competent to carry out the policy of the directors, and
cooduct the business affairs of the coinnauy ; and that the
directors should confine thenualve to iiiitiating and con-
trolling the general policy, appointing the chief officers, and
supervising their proceedings by a periodical exanunation
and companion of the esoess and net praised' of the
various sections of the railway. - .

The directors of the British and Irish Magnetic I
Telegraph Company have declared a half-yearly'
dividend at the rate of 5 per cent, per annum on the I
consolidated stock. A general meeting of the
shareholders will be held on the 24th inst. at
Liverpool.
The certificates of the reserved shares in the Lon-
don, Buenos Ayres, and River Plate Bank, allotted
on the 27th January, are now ready for delivery.
A call of 21. is to be paid by the 21st May ou ;
the shares of the South African Irrigation and In-
vestment Company (Limited).
A call of 1/. is to be paid by the 7th March on
the shares of the Iberian Irrigation Company
(Limited), under which title there has apparently
been effected a private reorganisation of the Spanish
Irrigation Company, which was introduced to the
market a few months ago but subsequently with-
drawn, in deference to the Stock Exchange decision,
excluding Spanish projects.
The first ordinary general meeting of the Metro-
politan
Railway Carriage and Wagon Company
(Limited) will be held at Birmingham ou the 25th
instant.
The receipts of the Great Western Railway of
Canada, for the week ending the 30th January, were
13,0191. sterling, being 2,4861. more than in the
corresponding week of last year.
We have received a copy of the prospectus of the
Bt. James's Hotel Company, Limited. This pro-
ject has the advantage of a highly respectable
board, which, though comprising few names known
in the city, is very suitable for an establishment of
the sort, and in the locality proposed. The pre-
mises comprise the site of the Old Gloucester
Hotel, at the corner of Berkeley-street, Piccadilly,
where premises recently erected have been secured.

By this means the expenses and delay involved is
building will be avoided, and the hotel can be fur-
nished and made ready for opening by Lady-day at
the latest. Under these circumstance; a capi-
tal of only 20,0001. is stated to be required,
but the registered capital has been fixed at
50,0001., ' in order to enable the company to pur-
chase the interest of the lessor, if the shareholders
should at any time think it desirable." More than
half the capital neoe arp to commence business
has already been subscribed. It is stated that
there is no promotion money.
We have received a copy of the prospectus of the
City of Norwich Hotel and Public Assembly-rooms
Company (Limited). This undertaking is formed
under extremely respectable local auspices. Nor-
wish being badly provided both with hotel accom-
modation and with rooms adapted for public pur-
poses, it is intended to erect a first-class hots with
assembly, ball, and lecture rooms, on a very e • 'hie
site within about 300 yards of the terminus the
Great Eastern Railway. The contractors are
Messrs. Lucas Brothers, who are to finish the whole
of the works within 18 months. It is mentioned
that there are no promoters' fees nor preliminary
expenses of any kind. The capital is 50,000!., in
10,000 shares of 51. each, a large number of which
have already been taken by the directors and their
friends.
We are requested to state that the share list of
the St. James's Hotel Company wiU be closed on
the 20th instant.
Messrs. Dent, Palmer, and Co. have announced
the half-yearly dividend due the lit Marsh on the
'TurkishSix per Cent. Loan of 1858. The dividends
due the Ist March are also advertised on the
Anglo-Peru an Unconverted Four-and-a-Half per
Cent. Active Bonds. _ _ _

The half-yearly interest is advertised on Panama
Railroad Seven per Cent. Bonds of 1872.
Mr. Mihill Slaughter, the Secretary of the Rail-
ways Department of the Stock Exchange, has issued
No. 12 of his "Railway Intelligence. "f In this
volume, which, like its predecessors, is published
under the sanction of the Committee of the Stock
Exchange, Mr. Slaughter has brought down to the
present date a series of railway statistics and other
explanatory matter, which has long been regarded
as most valuable. The finance of several of our
principal railways, including the Great
the Great Western, the London, Chatham,stear
Dover, and the Grand Trunk of Canada, has latterly
been a good deal affected by amalgamations or
other arrangements—a circumstance which renders
the present edition the more welcome. Amongst
other points it is noticed as a satisfactory feature of
railway finance that in many companies the debt is
gredusily diminishing, and the debenture stock as
gradually rising in amount. This is especially
apparent in the accounts of the Great Northern
and Brighton Companies.
• Published by the author, at the Bieck Szehaage.

NoirDAT_ EvErTa.

Consols, which closed on Saturday at 93 to } for
the sth of March, were first marked this morning
93, and closed at 92/ to 93. For money the last
price was 921 to /. The official business report is
as follows :—Three per Gen... Consols, for money,
921, /, ; ditto, for account. 93, 92 93 ; Three
per Ceuta Reduoed, 911, I ; New Three per Cents.,
W, 921, 93 ; Red Sea Telegraph, 21} ; India Five
per Cent. Stock, 1081 ; ditto for account, 108} ;
ditto Bonds, 12s. prem. ; Five-and-a-Half per Cent.
" enfaced" rupee paper, 112.
The India Five per Cent. stock was steady at
108} to 1, and Exchequer Bills at ls. dis.to 3s. prem.
This was settling day in the shares of the British
and American Exchange Bank, which, being s
closed at 8} to 1 prem. for the new account, but
9} to prem. for cosh.
There was an increased demand for colonial go-
vernment securities, including New Brunswick,
Nova Scotia, Queensland, and South Australia.
Ottoman Bank shares were again in great de-
mand, and rose about U. 10e., the old closing at
41} to 1, and the new at 9} to i prem. There wee,
also numerous transactions in the shares of the Im-
perial Bank of Turkey, which have advanced from
8} pram. to 9} to 9k. Advises from Paris report
dealings there at still higher rates. Throughout
the market for bank shares the tendency of prices
has to-day been upwards. Agra Bank, Bank of
Australasia, City, London and Northern, Oriental,
Lank of New South Wales, and Union Bank of
Australia, have all improved. National Discount
shares were firmer, and North British Australasian
fiat. Italian Irrigation and Peninsular and Oriental
Steam have receded.
Ocean Marine shares closed to-day at 71 to 8
prem.' ex div. ; Thames and Mersey, 3 to 3} prem.;
Universal, 11 to 1} dia.; Commercial Union, }
to par ; and London and Provincial Marine, par.
The closing quotations for shares in new under-
tskings were as follows :—British and American
Exchange Bank, 8} to 1 prem. • British and.
Foreign Marine, 2; prem.; Cannes Hotel, lf
to 2 prem.; 10-Psrunan Brewery, it to 1 prem.;
Oil Wells of Canada, 2 to 3 prem. ; Bank of
Wales, } to 1 prem. ; Emtreisco Marine,
tln 1} to If
prem. ; Factage Parisian, to 1 pram. ; Natal
Cotton, Ito 1} prem. ; City • t, }to 1 prem. ;
Joint Stock Discount, } to 1 prem. ; Anglo-
Portuguese Bank, 1 to 1 prem. ; St. James's
Hotel, } to } prem. • South Kensington Hotel,
f to 1 prem. ; Bristol and South Wales Zinc
Smelting, } to 1} prem. ; and Petroleum Trading,
to t prem.