The Express.
London, England, 1862-12-04 00:00:00

Bourse in described as "heavy."

Consols are now quoted 921 to i ex div., for
money, and 921 "buyers," ex div., for the Bth of

Jan.

'The official business report is as follows :

Tbree per Cent. Consols, for money, 921, 1 ; do. for
account, 921 ; Three per Centa. Reduced, 921 ;
New Three per Cents., 921, 92, 1 ; Red Sea Tele-
graph, 21 13-16 ; Bank Stock, 2361, 235 ; India Five
per Cent. Stock, 1071, ex div. ; ditto Four per
Cent. Debentures, 1001, 1 ; ditto Bond; 244., 275.
prem. ; Five-and-a-Half per Cent. " enfaced"
rupee paper, 1121 ; Exchequer Bills, June, 10s.

MI

101 e I

100

1081-1

-
506

351-ei

131

Si r

ke •

191

o)

t9i {

-..
4i.

-
81:1 i

-
Si
-
411

preen.
The Anglo-Turkish Loans are steady, the Bonds
of 1854 being quoted 831 to 844 ; those of
1858, 701 to 71 ; and the scrip of 1862, 21
to 21 prem. ; but the Consolidis have declined
Ato per cent., the present price being 381 to
g. Greek and Mexican Bonds are flatter, Spanish
Passive dull, and New Grenadian and Italian Five
per Cents. steady. Portuguese scrip is
quoted 31 to 4 prem. ; Venezuelan, 24
to 1.1 (88. ; and Peruvian, 24 to 2 dis.
Transactions are recorded as follows :—Bra-

TeT 5e

571 7

zilian, 931, 1, ex div. ; Buenos Ayres Deferred,
371 ; Dutch Certificates, 102 ; Ecuador, 171 ;
Egyptian, 92 ; ditto second issue, 90/ ; Greek,
161, #, # ; ditto Coupons, 7 ; Italian, for account,
701 ; Mexican, for account, 321, ; New Granada
ex overdue Coupons and Hectares, 121, ; ditto
Deferred, 61 ; Peruvian, 871 ; Russian paid up
scrip, 931, ; Spanish Passive, 231, 3 ; ditto Cer-
tificates, 9 ; Turkish, 1854, 841 ; ditto, 1862,
paid up scrip, 70#, 1.
The steamer Ripon will take to-day 264,1141.
in specie for the East, of which 35,7051 is gold and
the rest silver. The amount for India is 128,4801 ;
for China, 75,8841. ; for the Straits, 33,4761. ; for
Alexandria, 21,2751. ; and for Ceylon, 5,0001.
The Mail steamer Oneida has arrived at South-
ampton from Brazil, with 9,1571. in specie.
The biddings for 50,00,000 rupees in bills on
India took place yesterday at the Bank of England,
the proportions to be allotted being 27 Les on Cal-
cutta, 20 lacs on Bombay, and 3 lea on Madras.
The declared minimum price was, as on the last oc-
caaion, ls. 111 d. per rupee on Calcutta and 2s. on
Bombay and Madru. The applications within the
limits were for about 60 lace. Tenders on Calcutta
at 2s. will receive about 48 per cent., and above
that price in full ; on Bombay at 211. Old. and up-
wards will receive in full ; and on Madras at
2s. 0/d. will receive about 88 per cent., and above
that price in full
Several vessels clearing for New Granada are
being rapidly filled up with goods, owing to the
satisfactory nature of the receut intelligence from
that republic.
It is stated that parties at New York have made
an offer to the Minister of New Granada at Wash-
ington to place 50,000 or 103000 emancipated
negroes on the banks of the idagdalena if the
Grenadian government will make a proportionate
concession of land. The minister is said to have
expressed his individual approval of the scheme,
which will therefore probably be brought under
the notice of President Mosquera. Its realisation
under efficient auspices would doubtless promote
the development of the resources of New Granada.
An important uudertaking, which has been in
course of preparation for some time past, is just
launched under the title of the Scinde, Pun-
jaub, and Delbi Bank Corporation (Limited). The
chairman is Mr. W. P. Andrew, chairman of the
Scinde, Puojaub, and Delhi Railway', and the
direction is in every respect of high respectability.
The capital is fixed, for the present, at 1,000,000/.,
in 50,000 shares of 201. each, of which the first
issue is to consist of 25,000 shares. The object of
this bank is stated to be to extend legitimate
facilities to the extensive and rapidly improving pro-
vinces of Upper India, whose commercial develop-
ment will probably within a short period make
rapid strides. In about 18 years the imports into
&lade alone have risen from 121,1501. to 1,604, Er3o/.,
and the exports from 1,0101. to 1,361,7241.,
while the trade of Delhi alone in 1860 amounted to
4,000,0001. The chief office is to be in London,
and the first branches will be opened at Kurrachee,
Lahore. Umritsur, and Delhi, and in due time at
Mooltau, Shikarpore, and Hyderabad ; while
powers are also to be taken to establish agencies at
other places of importance in the East. An assur-
ance harmonising with the respectability of the
auspices under which this undertaking is brought
forward, is given that " the preliminary charges will
be confined to the necessary expenses, no remune-
ration whatever being given for originating the
bank."
The prospectus of the London and South
Western Bank (Limited) is just issued. The first
capital proposed to be raised in this instance is half
• million, in 5,000 shares of 1001. each. In ex-
planation of the formation of this project it is
pointed out that no new batik has been established
since the year 1836 in the south and west of Eng-
land, where it is affirmed that a deficiency of bank-
ing accommodation is at present experienced. The
London and County and the National Provincial
are the only two London banks with branches in
those districts. The points where branches are to be
opened in the first instance are apparently Bristol,
Southampton, Exeter, Plymouth, &c. It is not
intended to call up more than 251. per share.
Another new undertaking is the United Kingdom
Railway Rolling Stock Company (Limited). The
object of this undertaking is to supply a want felt
under existing circumstanoes by railway companies,
particularly those whose capital is limited. It is
proposed to purchase railway rolling stock and
lease it to railway companies and others for short
periods, " under agreements which will provide for
the purchase of the stock by the companies at the
expiration of the lease." The rent and purchase-
money are to be payable by quarterly instalments
extending over sor 7 years. It is mentioned that
preliminary arrangements bare been made for the
immediate employment of 30,0001., and that other
offers have been received for upwards of 40,0001.
The proposed capital is 100,0001., in 101. shares.
The British Paper-pulp Company (Limited) is
also formed, with a proposed capital of 50,0001., in
5,000 shuts of 101. each, of which 3,500, denomi-
nated "A" shares, are to bear a preferential divi-
dend of 5 per cent, per annum, while the remain-
ing 1,500, styled "B" shares, are to be assigned
(together with 3,0001. in cash) in payment fur the
patents to be worked. The proprietors of the
patents will thus occupy a secondary position as
regards profits. The object of the process is to pre-
pare a bleached " half-stuff" of a quality suitable
for the best paper, direct from the flax plant iu its
crude state, and from other fibrous materials. It
is affirmed that the process has great advantages in
point of economy.
The London and North Western Railway traffic
return shows this week an increase of 2,4821.
The Croydon and Balham line of the Brighton
Railway Company was opened for traffic on Monday.
Trains now run between Victoria and New Croy-
don,
calling at the new stations at Streatham-com-
mon and Thornton-heath.
The directors of the Crystal Palace have resolved
to recommend a dividend of 3 per cent. on the
ordinary stock of the company for the past year.
This is the largest dividend ever paid on this stock,
and is equal to over 8 per cent on its present
price.
A general meeting of the Crystal Palace Cora-

piny will be held on the 17th inst. The half-yearly
meeting of the African Steam Company is convened
for the same day.
The advicee by the Cape Mail indicate that the
project of the South African Irrigation and Invest-
ment Company lately formed in London will be re-
ceived with favour in the colony. It appears that
a list of applications has been obtained there for
4,500 shares in an investment company supported
by a local committee, in which the partners of so-
veral members of the directors of the above-men-
tioned English company are acting, and proposi-
tions will go out by the next mail for an incorpo-
ration of these local subscriptions with the present
undertaking. It is notified that Mr. Edward Wes-
ton, of Messrs. Weston and Laurie, and Mr. Wil-
liam Duthie, merchant, of Mark-lane, have joined
the direction of this company.
It appears that on the 15th Nov. the New York
Stock Exchange, by a large majority, cancelled the
resolution passed prohibiting dealings in gold, and
transactions are recorded as heretofore.
With reference to the market for American secu-
rities Mr. E. F. Satterthwaite reports as follows
We have had, during the past week, an active market in
London for American securities, with transactions of raw-
siderable magnitude. Illinois shares have bees lamely
dealt in ; they have touched 401 discount, but clods dull at
411 discount. In Erie sharer the dealings have been to a
lees extent ; after touching 144 they have declined to 42i1.
United States Five per Cents. (1874) have been in dema.
Vkenian Six per Cent. are more offered, at a decline of II
to I per ,ent. The recent lane of Atlantic and Great
Western First Mortgage Seven per Cent. Bonds (Pennsyl-
vania eection) has been completely successful ; they have
been dealt in at 71, being 1 premium in addition to the
rebate of interret.

WILMIZBDAT EVII2fiNG.

Consols, which closed yesterday at 92k to
ex div. both for money and to-morrow's settlement,
declined t-day to 91 1-16 "sellers," but closed
steadily at 921 to 1. For the Bth Jan., the open-
ing and closing quotations were 921 to 1, ex div.
The official business report is as follows :
Three per Cent. Consols, for money,
92k, 1, ex div. ; ditto for account (Dec. 4), 921,
92, ex div. ; Three per Cents. Reduced, 92, k ;
New Three per Cents., 92, 1, 911, 92 ; Thirty
Years Ann.., 1883, 151 ; India Five per Cent.
Stock, 1071, 1, ex &v.; ditto, for account, 107,
ex div. ; ditto Four per Cent. Debentures, IN3,
1001, ; Four per Cent. " enfaced " rupee paper,
I 94C
The India Five (or Cent. stock was rather
firmer, at 1071 to , ex div. Exchequer Bills
were quoted 10s. to 4s. prem.
The foreign stock market was rather dulL
The demand for the debentures of the Grand
Trunk Railway of Canada was again active to-day,
and the price of the first preference has risen to 73
to 74. Yesterday the quotation was 69 to 70, and
recently 66. We notice by an advertisement from
this company, addressed to the holders of the Island
Pond Debentures, that the interest due on them at
the reduced rate of 6 per cent., has just been de-
posited with London bankers on their account.
There were more inquiries to-day for United
States Five per Cent. Bonds, it being stated that
the new taxation is beginning to tell in rather a
marked manner upon the revenue.
The new bonds of the Atlantic and Great West-
ern Railway have been dealt io to-day at 1 prem.,
and the old at 73.
A fresh rise has taken place to-day in the shares
of the London and Brazilian Bank. London and
Colonial Bank, Standard Bank of Africa, and
Bank of New South Wales, have also improved ;
Bank of London continue in demand and firm.
There was a relapse in Agra Bauk. In miscella-
neous shares National Discount continue to meet
with iuquiry. An improvement was quoted in
Peninsular and Oriental and Royal Mail steam
shares.
Ocean Marine shares closed to-day at 7llto
re pm., bung firm ; Thames and Mersey, 2 to
prem., being higher ; Universal, 11 to 1 dis. ; orth
British and Mercantile, 151 to 16; Commercial
Union, par to prem. ; and London and Provin-
cial Marine, to dis.
The closing quotations for shares in new under-
takings were as follows :—Union Bank of England
and France, 1 to I prem.; London and Northern
Bank, Ito prem. ; English and Irish Ban par to
prem. ; Oil Wells of Canada Company, to I
prem. ; South African Irrigation and Inveetnient,
to prem. ; and Greenland Company, Ito f
Prem.
The shares of the new Egyptian Societe Fin an-
ciere have declined this afternoon to 1 to 1 prem.

MINES.-(THIS DAY.)

Two &Clem

East Caradon shares are firmer to-day, at 35}
to 36. Other British mining shares are quiet,
at the closing prices of yesterday. East
Grenville are quoted 545. to Ns. ; East Cara
Brea, 12 to I ; Marko Valley, 81 to 9 ; and.
Wheal toy, 7 to /. In the Stock Exchange, Devoa
Great Consols have been dealt in at 505, ex div. ;
East Caradon at 35k and 361 ; Tincroft at 131 ;
and Wheal Ludcott at 91 and being heavy.
St. John del Rey Mining shares remain heavy ;
transactions are recorded at 594 and 59. East del
Rey are firmer, at 1 prem. Scottish Australian are
officially marked tr prem.
We are informed that the directors of the Great
Devon and Bedford (Colcharton) Mining Company
(Limited) "have determined to make a pro rata
distribution, as far as possible, to all subscribers
before the closing of the share list, which will take
place as soon as the company's capital is sub-
scribed."