The Express.
London, England, 1862-05-09 00:00:00

MARKET.-(THIS DA}.)

same Improved for fair to middling qualities. It is too
=skier the definitive result of the Leipsig Easter fur fair,
bell Is understood that it has oommseaM favourably.
Tbsi following on the silk market is from the
monthly circular of Messrs. Durant and Co., dated
yesterday
We have bad • month of comparatively anal busier@ in
silk, sod there is • large falling off in the deliveries.
Foreigners, too, wise throughout the activity of the first
three months of the year were the largest °potatoes, are
said not to have found the demand they anticipated for
their goods, and ere now moreover all mare or less direct-
ing their attention to the raining Europese raceolte, zed
suspending purchaess till some approach to a definite
opinion cam be formed as to its resat. In China silk this
diminished demand has Wigged anxiety go the part of im-
porters generally to realism, especially seeing the profitable
out-turn of all the reoeot arrivals, and wools have
been continually more or Ism primed upon the market
—resulting in the ortablikamot of • fall al fully
Eve per cent. upon all but the best elms" and these seem
only supported by their amtiesed scarcity. Japan milk
all the better parcels of the large arrivals el April found
buyers planning WI morparatively small redectica upoe
previous rates, but the snared amid third scrams barer
and sen ybe sold by submitting to • further coneasslon.
I Masse thrown silk is again completely milmited. le Ben-
gal silk the tnamotiomshave been limited ; the unsold stock
is very small. Ts Persian silk nothing ; about 800 ballots
; have been landed, bet they had been pally sold for
arrival,
The Malabar has arrived from China with
329,300 lbs. of tea and 627 bales of silk.
The return of the Bank of England for the week
ending May 7, compared with that for the pre-
vious week, shows the following changes :
Circulation issue 821,052.,706 lacrosse 2161,025
Circulation active 21,048,580 Demme, 211,110
Public deposits 7,503,991 legman 636,816
Other deposits
Government amenities la
banking department
Other securities in booking
department
Coin end bullion in both
departments 17,285,745 lemmas 176,729
&oven day and other bills 704,304 maser 16,997
The Best
Notes in reserve
Total reserve (notes :twin
is banking department). 10,867,166 Lamm 387,409
The increase in the bullion and reserve, and do-
moue in the private securities, mark a further ad-
dition to the Bank's resources, but do not say much
for the condition of trade.

Two ?CIOCL

The funds are heavy to-day.rA decline of k to
k per cent. has taken place in Consols. The other
markets are very dull, and, as regards several of the
leading securities, including English railway stocks,
the tendency of prices is rather unfavourable.

Turkish Loan Scrip is quoted 21 to 3 prem. ;
Egyptian, 21 to 21 prem., after being marked 21 ;
and Russian, I to I prem.
At Paria this morning, according to Mr. Renter's
telegram, the Three per Cent. Renter opened at
70fr. 80c., being 1 per cent. lower than yester-

day.
Consols are officially marked 931, 4, and g cum
div. for money, and 92} and 4, ex div., for the
account. The present quotations are 933 to 1, cum
div. for cash, and 921 to 4, ex div., for the 10th
of June. The official business report is
as follows :—Bank Stock, 238 ; Three per Cents.
Reduced, 911, 4,1 ; New Three per Cents., 911, 3 ;
India Stock, 227, 229 ; ditto Five per Cent. Stock,
1094, 3 ; ditto, for account, 1091; ditto, Bonds,
30a. prem. ; Five per Cent. " enfaced" rupee paper,
103} ; Exchequer Bills, 215., 195., 18a. prem.
There is a fresh fall in Spanish Certificates,
which are last marled 84 and 84. The Turkish
' Loan of 1864 is quoted 804 to 814, while that
of 1858 is fiat at 701 to 71. Italian Five per Cents.
are steady. Yesterday's improvement in Mexican
Bonds is scarcely sustained. Sales are recorded
as follows :—Chilian Four-and-a-Half per Cents.,
86} ; Danish Three per Cents., 1826, 84 ; Dutch
Two-and-a-Half per Cents., 644 (exch. 126.); ditto
Fourper Cent. Certificates, 100; Egyptian Seven per
Cents., 21, 4, 1 prem. ; Italian Five per Cents.,
701, 71 (exchange 25fr.); Mexican Three per
Cents., for account, 32 ; Portuguese Three
per Ceuta., 1853, for account, 46 ; Russian
Five per Cents., 98 ; ditto for account, 974, 97 ;
Spanish Three per Cents., for account, 544 ; ditto
Passive, 191 ; the Committee's Certificates, 80,1, ;
Turkish Six per Cents., 1854, for account, 801, 814;
ditto Six per Cents., 1858, for account, 71 ;
ditto, Six per Cents., 1862 (scrip), 3, 21 prem. ;
ditto paid up scrip, 704, 3 ; ditto Guaranteed Four
per Cents., 1021.
The demand for money continues to present
indications of revival. The terms in the general
market yesterday were firm, at 24 to 21 per cent.
for choice paper. At the Bank of England a good
amount of business was done.
The collapse of the speculation in the Spanish Cer-
tificates yesterday was caused by the receipt of tele-
grams stating that the Minister of Finance, being
questioned in the Cortes, has declared that the cur-
rent rumours respecting the intended recognition of
the Certificates are false, and that the government
does not intend to alter its position towards them.
It would be very curious to trace back to their
sources the rumours and statements upon which the
late speculation in these securities has arisen.
About 12,0001. in gold was bought by the Bank
yesterday, but, on the other hand, 100,0001.—viz.
60,0001. in bar and 50,000 sovereigns—was with-
drawn for transmission to Constantinople, on ac-
count of the new Turkish Loan.
The mail steamer Parana will take 105,0001. in
gold for Brazil to-day.
The bar silver by the Mexican packet was sold
yesterday for India at ss. 14d. per ounce, being Id.
below the price obtained for the previous remit-
tance, but the same as that current m the interval.
At the meeting of the proprietors of the
National Provincial Bank of England, bald yester-
day, the directors' report was unanimously
adopted. It recommended the payment of
a bonus of 7 per cent., making, with
previous payments, a total distribution of 20 per
cent. out of the profits of 1861, free of income tax.
The report mentioned that the operations of the
year have been more than usually successful, the
net profits amounting to 179,0001., after making
allowance for bad and doubtful debts, and paying a
bonus of 10 per cent. to the officers of the bank.
The subscription for the capital of the London
and Brazilian Bank (Limited) was closed to-day at
12 o'clock, and has proved a remarkable success.
The total applied for, irrespective of the lists of the
directors and their friends, is nearly 5,000,0001., or
about five times the capital of the bank. The de-
posit paid to Moors. Glyn, Mills, and Co. reaches
121,0001. This great success proves that an Anglo-
Brazilian Bank is considered to be much needed,
and that confidence is felt in the high character
and business capacity of the members of the board. I
The Great Northern Railway traffic return shows,
this week a decrease of 2581. ; the North Eastern,
a decrease of 2,598/. P • the Midland, a decrease of
9881.: the Manchester, Sheffield, and Lincolnshire,
a decrease of 2,027/. ; the Great Western an in-
crease of 1,620/. ; and the London and South
Western, an increase of 1,1781.
The half-yearly meeting of the Buffalo and Lake
Huron Railway Company is called for the 23rd
inst., and will be made special "to consider a plan
for the conversion of the chattel mortgage loan, and
the expediency of raising additional capital for the
of the undertaking."
PuZeeseltlement of the list of ooetributories of the
Great Northern and Midland Coal Company
(Limited) is to be proceeded with in the Bankruptcy
Court on the 23rd inst.
Mr. Henry Croyedill has been appointed by the
Court of Chancery official manager of the Irish
West Coast Railway Company.
The half-yearly dividend, due the let inst., on
Ecrador Bonds, is announced as payable on
the 16th.
The Agents General for Crown Colonies an-
nounce the:half-yearly interest on Ceylon Govern-
ment Debentures.
Another auction of the Foreign Redeemable
cuaBMIIoRmIIsocINGIETTIUM.-07,0wRing.be.d.0 MyltellnirllßlT.lo.tingN
Ez-
(Passive) Debt of Spain will take place at Madrid
on the 30th inst. The sum assigned by the govern- of the promoters of the above society was held in the huge
ment for the purpose is 5,511,472 reales. room belonging to the General Provident INFO-
We are informed that the Metropolitan Railway tutiou, Ann-street, to consider the propriety of
Carriage and Waggon Company have entered into establishing the same. Arraagementa are made for
an arrangement with the well-known firm of the t mu;w3rttig'itild: evening t°
be held at
teed."' e at following
Messrs. Messrs. Joseph Wright and Sons for the transfer totter from JAI Biight,YE63.,
of their business to the company. Immediately on of the meets. " Loodou, May 6, 1862.—Dearl
the completion of this arrangement the company should be `lad if every workman In England could
will secure a large connexion, and be in a position re the Exhibition ; and I greatly approve of any
ort
tocomblonostionl among
suwreolnten
to commence business. An official notification Intl- arrangements
mates that, "The to
terms upon which the transfer stele
mos which looks like a charitable coutribution will do
has been effected are most advantageous to the much good—for what a man gams in sightseeing, he may
company. No charge is made for the goodwill ; lose is self-respect—if sent up by subscnptions of
moil
the stock is to be taken at a valuation, and the a society as that you propose to establish. Could
vendors agree to accept 10,0001. of the purchase not 'dubs lb:agord, whittiadinti:b:havitwatrgii:itts;
money in shares of the company." There are ttioneamisetrofmworkmen in Birmingham who
The following is from the monthly hide circular „um „an themselves at such a machiaa47l.-diai
I am
issued yesterday by Messrs. Calverwell, Brooks, not in favour of subscriptions to enable men to do what
they ought to do for themselves. 1 em sure, however, that
and Co.:
Market —We have still to report a very gain Birmingham you know what to do ; and lam afraid it is
The
with a limited business doing. Prices for salted am almost Pr' in Me to oder suggestion. Thank-
lower. There is nothing in existence, for the tot Mt icy your very fnensll_l4s4r. lon. very reglad-
mem; upon which to base a favourable opinion, beyond fully Lain, JOHN Braorr.—Ar. Frederick Hine, Lady.
the report of a short inipply of South American bides; bat yowl' "
this will require to be oon6rmed by the advice; of some few Tim atom) ENTATIS lX11:711; ap-
mails yet to come, before it ma possibly tell upon the feeling pears, from returns just issued by the Landed Estates Court,
of tanners, and induce them to buy freely at even present that its business is not diminishiog. 1859 there were 62
prices, which they consider high. I petitions for sale by encumbrances ; in 1812) there were 67,
Hides.-Salted ox and cow.—South American. —A very and 80 in 186 L By the owners of seesmbersd estates the
moderate busioen has been done at slightly easier prioes, numbers of petitioes were in the same passe respectively
the chief sales having been made very lately. Yesterday 36, 38, and 55. Fran the owners of rieneninbered estates
the failure of a bones largely connected with the South there were 15 netlike' Lk year end elx the yew before—
American hide trade was aunounced, which will, no doubt, the object of the petitioning beim no doubt, to obtain from
tend to increue the depression at present existing. Aus- the court a satisfactory Ws. Praia the mood Marra it
trahan are of very stow sale at a decline of td. to tri. per lb. appears that nearly 6,4=l4elerthxres mid for and ia
upon the nominal price.' current this time last month. this court since its that Mks" work
Cape.—The quantity offered has been moderate, and full more than 3000,0001. sIM remain to be odd. Th•
priors have beers obtained. ing 11014. Mow =WWI, al its tasametioes
Sated horse hides have been is moderate request, and TAmnia otel amennt .15,910,969 13 4
pr ides me rather easier. lodge abeshete wed*
English Market Hides, although of improved quality at and loaned
this semen of the year, are rather lower. Amok to be lodged or allowed by 5 11
'b-
1,226,
Fit India kips have, upon the whole, been in maw salsas credits 397
limited request ; the bed descriptions (of which the evssiy Await on which nerainkge is 3,966,913 13 4
has been . rather limiteds meeting with more inquiry them Amami as which poseksamaligilloteo
other sorts, and prices must be quoted Id. per lb. lower shwa
Amiumiliaggrebkie
paressimes
..•.. .
.....
no 7
on the Bth ult.
The Leather Market.—This market has been very *del Appreleenti erpMd maw el Wales now
throughout the month ; moms descriptions selling at wile' asurnedeles
prima ISM ink 1111= 11. this Telf, iuta
North end Papa* American and other Fars.—As weal at trek .the mealli is whisk Sin were
this period the general demand is quiet here for American middens bans renenalindas
sisrl lase Wm amen cd ea-
lam bet at the left sae of Alriena monkey skins, pikes cumbered and emensilmbirei mastee.

BAIR OP IMOLA/M.—As Acooost pwromatt So the Aft TM
sad Bth Vie, C. 11, for the west oaths oh WisdomNW, YU
7. UAL

T 1707 TROPAMMT.
Noise toned l.3l.oddaol I Goverment debt.. A 11,015,10
Other securities.. .. SAWN
Geld ooln and
bol-
llon
Ulm bullion

431.062,7011
name DI
haprietare* Capital C 14,354000
Bast
Milo Deposita pi-
lac Banks, Caw
ads. el National
Debt, sad Div.
Ace4a.)
Other 1/1,903443
Seven tlap 'Mother
Bilk 700.1141

PAITNXIIT.
Government Secu-
rities
Dead Wel)lit."'ing
naltgmeruke
10ther 11.'31.368
L littlArde
I NoWs 10.084.12A
Gold and Sam
Coin 863,040

L 3,731,379
May S. nee.

/29,731,679
MARSHALL. Chief Cashier.

TeoasnaT Emma
Consols opened and closed to-day at 94 to 1 for
the new account (10th of June). This is equal to
94 to # ex div., which will henceforward bo de-
ducted from the quotation for the account. For
, money the butt price was 94 to 94 cum div.
The official business report is as follows :--Three
per Cent. Consols, for money, 94, 94 ; ditto, for
account (June 10), 921, ex div. ; Bank Stock,
2371, 236 ; Three per Cents. Reduced, 921, 911 ; New
Three per Cents., 911, 921, 911 : India Ste* 227 ;
ditto Five per Cent. Stock, 104, ; ditto Four
per Cent. Debentures, 1863, IW# ; ditto 1864,
104 1; ditto 1864 or 1866, 100,1 ; ditto Bonds,
30s. prem. Five per Cent. " enfaoed" rupee paper,
104, 1.
The India Five per Cent. stock was firm at 109#
to 1. The rupee paper likewise remains strong.
India Bonds were purchased at 90s. prem. Ex-
chequer Bills were steady at 18s. to 21s. prem.
The foreign stock market was rather active. One
of the principal features was increased depression in
the Spanish Certificates, which were first marked
91, but left off at 81 to 9, being the lowest point
of the day, and it worse than yesterday.