The Express.
London, England, 1864-11-11 00:00:00

THE EXPRESS, FRIDAY EVENING, NOVEMBER 11, 1864.

LATEST SPORTING INTELLIGENCE

(IT IMMO TELSOLIaII. )
LIVERPOOL MEETING.-(THIS DAY.)

CROXTETH CUP.
Pennewiaa walked over.
NURSERY HANDICAP.

Purity
Lord Ronald

9 ran.
WELTER CUP.
Llle Girl
Alms&
Worthlois ...

7 ran.
LIVERPOOL OUP.

Tartar
Gaily
Twiligtt

12 ran.

COMMERCIAL AND MARKETS•

KARIE-LANE.--(THIS DAY.)
The supply of English wheat here to-day, coastwise sod
by laod•carriage, was very moderate. The attendance of
millers was limited ; nevertheless, most of the wimples were
disposed of at Monday's prices.
With foreign wheat we were well supplied. Selected
qualities sold steadily, on former terms ; but all other de-
scriptions ?net a dull inquiry at previous rates.
Floating cargoes of wheat commanded full currencies. In
other produce afloat the transactions were on a limited
scale.

The quantity of barley on offer was moderate. Really
floe samples were in request on former terms ; but other
qualities met a dull inquiry. In prices, however, no change
took place.
Malt was in good supply and sluggish request, at late
currencies.

Good sound oats were in demand, and quite &odour as on
/Monday. Damp parcels were somewhat neglected.
Beans changed hands slowly, at previous rates.
The sale for peas was heavy, on former terms. The
supply was limited.
Most kinds of dour maintained their previous value,
with a fair demand.

Lined and TsPeened, u well as oaken, sold steadily,at full quotations. Most agricultural seed, were dull.

CCItItISST PRICES.
ENGLOUL
Per Qr.
ww?. a. a.
Sias; Boot, rial,laell 1.5 to $G

1364 34 to 44
„ Z/e. whits. 1601 39 to a
1864 40 So 43
Norroiir end aeeeln
red. 180 e SS to $O
134.111.43
" '

Per Qr.

02211. s. T:
scotch. teed
Scotch potato
/risk white
„ block
BLit.

Malting
DistUling

Mangan n to 33
Tick 33 Se 16
liszrow
Pigeon 39 lo ♦I

le to 34
maw'
14 to 11

am. Norfolk, and
duffolk 2O So GS
Blagoloo sod Wars 01 lo 64
Brown
JIM
32 to 3.1

Grey

14 to S 7
s 7 to w
$1 to 44

Fiona
Town made, per RN
Ike.
Household 3O to 33
! Country
IS to TR. Norfolk sad Suffolk,
10 to 26 assign lf to 23
lokstox.
Per Qr.
Win?. 4. e.
Daatelc and 'Emig&
berg
Rosutock Heckles-
40 to 40
a
33 to 46
b
Heckles-
s3 tO 40
Summon, bard
soft
ilize;l443, red .
43 to 46
Bann.
Grinding
Malang
Malting
042 a.
Dutch, !area

Yew .

OATS
seam, feed
„ vole*,

Per Qr.
02Te. o I.
Dardeit and Swedlatt 1T to 11
&WWI ... 1T to 20

Danish
ZODUan• •

.. xto3B
81 to 34

Pia&

. Stun
.. id to it

White ..
Yellow

.... 12 to 25
.... 25 So 28
.... 17 to 59

11DIAll COY.

2S to 31
133 to 90
norm.

oAn.

hooch, per 0uk.7.. SI to 83
Spanish, SI to U
an Americ, par W 1... 19 to 24
Canadian. .. 19 to 34
INTO LONDON, BY WATER
I To NOV. 10. INCLUSIVE.

feed
ARRIVALS OF GRAIN, &a.,
CARRIAGE, FROM NOV.

Wheat. Braley. Mali.
English sadStoteli rll.O irk 2670.
Irish
foreign 14370
Total

SHARE LISTS.-4THIS DAY.)

Two o'CLoca.
The railway market is buoyant to-day, and most
of the principal lines have advanced. Metropolitan
and Great Northern stocks have risen 1 per cent. ;
Great Western, London and North Western, and
Great Eastern, 1 ; Midland, Caledonian, and
South Eastern, i; and Lancashire and Yorkshire, 1.
London and North Western stock is now quoted
119 to ; Great Western, 761 to 771 ; Midland,
1351 to 1361 ; Lancashire and Y -brkshire, 1151 to
1161; Caledonian, 129 A to 1301 ; South Eastern, 861
to 871 ; Great Eastern, 48 to it ; Great Northern,
137 to 138 ; London and South Western, 97 to
98 ; and Metropolitan. 116 to 117.
Antwerp and Rottenlam shares have improved,
and Ottoman exhibit a favourable tendency. Indian
and Canadian lines are quiet.
aces AND STOC'
Sh. I
Cl=rtr" I "WI :1;1-$7

ORDINARY BRAKES AND STOCK&

Pd. I RAILWAYS,
BliinvToCk
St. 100 Illythand Tyne
10 all Bouon,dleatrclolk/ild.C '
114. !UV ha 401 sad Latter 1
St. 100 Crdrloulku
60 all Cork and liand.,u
30 ; all Cornwall

68 eb
121 :SO

ISO 214

10 all Do. •JA no die. until e I
10 all Do. B 1 p. e. ispaid to •
10 alt Dublin and liestJbo •
ss all Dtuidee,PertholkAtitLJn.l
Bs., 100 Edinburgh nod Glasgow
It. 101 Glasgow and S. Western
111. 100 Great Eastern Ord. SO
BL 1100 Do. A 1110ek
et. 100 Do. E. Ans. Bit, N 0.21
St. 100 Great North oflootlandl
Mk 1100 Great Northern
• 100 Do.A A rec. no die. un !
▪ 100 Do.B IMI6p. e. is paid 11l
11. • 100 Gt. South & Week (lre
It 100 Great Western
1114 100 Do. Stour VaLOwLett!
as. 1100 Do. South Walls.
00. 100 Do. W. tut —oxi.;l:a,
et. !Ho , Do. Do. Newport 1
U.
,100 Do. Do. Hereford!
Ilk 100 lAm:whirs& Yorkshire!
111. 100 London and Blackwall
et. 100 Lon., neerlOt s.Coast
IL 100 Loodon,Mat Don
SA 100 London & North Walla.
11. 100 London&SouthWestern
flk 'lOO ' Man.,Shef.,& Llneolnab
10 all lisryport amd
121 ' all Do. Do. 4 Share- •
01. 100 Metropolitan
10 2 Do. New
St. 100 Midland
Sits all Do. New
St. 100 Do Birm. & Derby.
▪ all Mid. of Wn. (Ira).
II all Do. Slltsres I
16 all Kid Beat
10 all Mid Neill ,Cray
St. 'lOO North British
Ilk 100 Do. Silln..Perth,Dund I
St. 'lOO N. Eastern—Berwlek
91 164 Do. O. N. IL Pare— .
SS 1001 Do. Leeds
It. 100 Do, York
St. 100 Do. Carlisle
21 Al Do. Stoek.&Darlbag i
U L 9 Do. do. 1/163-58 1
U • 12 ' Do. do. 180041
U. 100 North London
10 71 De. Nei. . •
St. 100 Nonh Staffoiedanlm
10 all N. & S. Western Juan i
St. 100 Scottish Central
St. 100 Scottish N.E. Aber Stk '
St, 100 Scottish Midland
10 • all Shrewsbury .5 WelehpL
fit. 100 Shropahire Union
St. 100 South Devon

ei 100 South Emir%
St. 100 S. arkab. & Elver Duo.
10 all Staines, Woklagtimotc.
IS. 100 Taff Val.)
10 Do

-DWI&

5i el

$1 SS
li IT
90 In
107 109
•7 48

7 e

136 137
162 133
130 132
91 93
76 70}

67 Cm
67 66
40 43
96 101
1161 1161
to 71
106 106
$6 60
1151 1161
08 Oh
85 88

115 3161

1361 1361

10i 106

IA SS
s4* 26;
1144 111 i

ezie eq
994 ]au}

I 6► 87f
lu 11 pw
8 9 pm
119 122
1 11 pm
78 80
104 Ile
184 118

56 68
87 $9
66 864

8 9
155 158
89 4 pm
106 190

37 39

48 n s

1114 i

77464
66
16

1151
744 70
105
40
119 184

116 I e
•i
IAI 6 ii

lIIf 1

1001 T

an
87 7

MINIONS.
I closing

I liAia.

38 9
as

Ti ri

lei

id

.1r

m-

2,1-

91 I

II
Si 3

17 1

...
•a 4

id
47

11

W 8}

'U

561-61

-*ales.

NI

COLONIAL 00'

No. I

a- i-o 3 is- 7.

SECURM66.

1 Pd. i CL prloaL

• - -
460•000 litittalte.oba.6p.a.,lB7l LOS
.. DO. do. 11161 1001 •
, Cam Gov. 6 p.c., 1977.66.,100 100 101
.. • . ' D 0.6 prat FebalkAog. 'lOO. 99 101
1.016,
D 0.6 pent btar.3lloo 90 101
1.11 D 0.6 ctisn.el .100 90 91
WNW ... Do. 6 parper et. Ira. 1001 88 In
1110,000 0 Hcrp.at.lB73 100, 100 109
Da 18604 100. 106 107
•• • • .. , DO. do. 189111,100 106 106
' Do. do. 18911100 106 119
100009 .. Ceyfoo,Nov. 1616. p.ct. 100 102 106
160,000 .. Do. 1878, do.. 100 109 111
100,000 .. Maarltlos Spar ca., 1973 190 103 106
100,000 .. Do. 1878 100 106 108
900,000 .. Do. 1612 109 107 110
166,500 .. Natal 04v.6 psi Cent... 100 103 101
100,000.. New Brow. Gov. 6 pet. 100 98 101
.... 1.. N.S. Wales Gv. 5 p.c.1866 100 97 00
Do. 6p. c. 1871 to 1176 100; 96 97
Do. 6p. c. 1888 to 11191 100. Pt 96
160,00. .. New Zealand 6 par cent. 100' 101 106
860,000 .. Nova Scotia 6p. 0., 1875 100 100 108
76,0001.. Queeualand Gov. 6p. ct. 100 103 105
.... .. S. Aust.oov.6 p. o. Bonds 100
.... •.. Vlc.Gov.ep.c.Jao.*Jaly'loo
H Do. do. 0 p.c.Aprildtoc. 100. 107 ICS

MI,4CIILLAN NOOB.

Nil

106

9$ -.

10 1 }

lorri

MONEY MARKET.-(77118 DAY.)

Two o'CLooK.
The stock markets opened this morning with
great buoyancy, the upward movement in prices
being promoted by the highly favourable
Bank return, and, though the beat prices
of the day have not in all cases been
maintained up to the present hour, the quotations
now current are materially better than those of yes-
terday afternoon. The rise in the funds is fully
per cent. Home railways are decidedly higher.
Foreign bonds and other securities are comparatively
quiet, yet show a continued tendency to improve-
ment.

The dincount market is quiet to-day, and the
supply of money large. The rate fur good three
mouths' bills is 7i to per cent. In the Stuck
Exchange short loans are obtainable at 4 to 5 per
cent.

At Paris to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Rentes were quoted
65fr. 05c., being a per cent. better than yesterday.
Consols are now quoted 91 to 1, with
div., for money, and 891 to 1, ex div,
for the account (Dec. 8). The official business
report is as follows ;-Three per Cent. Consols,
for money, poi, 911, 90i, 91} ; ditto, for account,
90, 1, 891 ; Three per Cents. Reduced, 89, 1;
88/ ; New Three per Cents., 891, 89, 1, 881 ;
Annuities, 1885, 141, ; India Five per Cent.
Stock, 107, 1064 ; ditto for account, 1041, ex div. ;
and Exchequer Bills, June, Si. dis.
Foreign stocks are firmer. Confederate Bonds
have risen 2 per cent., and Mexican and Greek about
1. Sonic of the present quotations are as follows,
viz. :-Greek, 221 to 23 ; Mexican 281 to i` ;
Confederate, 63 to 65 ; Spanish Passive,
30} to 1 ; the Certificates, 131 to 14 ; Turkish
Bonds of 1858, 71 to 4 ; ditto 1862, 72
to 4 ; and the Cor.solid4s, 50/ to 51.
Transactions are recorded as follows :-Brazilian,
1863, 824 ; Danish, 1864, 94 ; Egyptian, 95 ; ditto,
second issue, 95 ; ditto 1001. Bonds, 951 ; Greek, for
account, 23, 221; Italian, for account,64g ; Mexican,
for account, 281 ; ditto, 1864, 26k, ; Portuguese,
1853, for account, 47i ; ditto, 1856, Sc., for
account, 471, 47, ; Russian, 1862, 87, ex div. ;
Spanish Passive, for acct.,301,31 ; ditto Certificates,
for account, 131, 141 ; Turkish, 1854, for account,
90, 89 ; ditto, 1862, for account, 721 ; ditto, 1001.
Bonds, 72} ; Venezuela, for account, 191, ex div. ;
ditto, 1862, for account, 511, ex div. ; ditto, 1864,
401, 40.

International Financial shares are now quoted
24 to 3 prem. ; London Financial, 8 to
prem. ; General Credit, 2i to 3 prem. ;
Imperial and Mercantile Credit, 2f to pram. ;
Hudson's Bay, 1711 to i; Ottoman Societe Gene-
rale, If to 4 prem. ; and Anglo-Egyptian Bank,
par to f prem.

The Bank measure yesterday is the more welcome
because it is generally regarded as the forerunner
of a still greater fall iu therates. Already the terms
in the general market are settling down at a point
decidedly below the reduced minimum at the Bank,
and the continued influx of gold, the appearance of
the exchanges, the position occupied by our money
market in relation to the markets ou the Continent,
and the decided improvement shown by last night's
return in the Bank of England accounts, all encou-
rage a belief that the downward movement will go
on. The rate has been 9 per cent, since the Bth of
September last. Since then the coin and
bullion have increased from 12,970,447/. to
13,647,2701.—a difference of 676,82'31. ; and the
reserve (notes and coin) from 6,810,582/. to
7,907,1751.—an increase of 1,096,5931. It is also
worthy of remark that on the 26th of May last,
when the Bauk rate was lowered from Bto 7 per
cent., the coin and bullion were 13,713,9431., or
only 66,6731. more than now, and the reserve
7,947,1381., or only 39,9631. more than now. From
this comparison it would seem reasonable to argue
that the Bank will soon be compelled to make a
fresh reduction. ('heap money is unt to be looked
for if only by reason of the extensive demands
which are expected to come upon us at the first
favourable opportunity from several needy foreign
governments, to say nothing of other demands
from abroad, and of the probable revival of joint-
stock enterprise at home, but the trading classes
in this country will be content with the prospect
of some further moderate relief.

That the commerce of the country must benefit
by the change in the position of the money market
needs little demonstration. Apart from other con-
siderations, it is evident that if capital commands a
higher value in this country than in the other prin-
cipal markets of Europe, our traders and manufac-
turers must be placed at a disadvautagsby compari-
son with traders and manufacturers abroad. Nearly
all persons practically conversant with business
have been unanimous for some time past in declaring
that the terms lately charged for accommodation
could not be paid long without occasioning a
great contraction not merely of speculative, but also
of legitimate operations. Whether such high rates
were really necessary, except to carry out in its
integrity the Act of 1844—a measure apparently
framed with the object of enriching au already
wealthy class at the mist of the multitude of smaller
traders—is an inquiry the discussion of which—if
necessary by a parliamentary committee—our so-
complished Minister of Finance would do excellent
service in promoting. The amount of injury which
the operation of the Act in the present instance has
inflicted will never be known, for it will never be
computed either by the holders of securities, who
have seen them so seriously depreciated, or by the
trading classes, who have been compelled to sacri-
fice their stocks of goods, and to pay most exor-
bitant rates for accommodation. For such losses,
there can be but • very partial compensation iu the
gains realised by the large capitalists who stand
ready on all such occasions to avail themselves of
the opportunities for buying presented to them by
the stringent working of the law.
The prospects of Stock Exchange business are
also much improved by the present and prospective
fall in the value of money. Every now and then
the upward course of prices has been checked by
rumours of impending mercantile failures, yet
nothing can be more absurd than this, for it is per-
fectly certain that a mercantile house before
intimating to its creditors its inability to meet its
engagements, has sold or pledged every security iu
its possession. But there is a view to be taken
beyond this :—The more distrust has been dis-
seminated in commercial circles the less desirous
will the public be to place their money in those
channels, and the more anxious will they be to
invest in solid securities obtainable through the
medium of the Stuck Exchange. Before long, in
all probability, lower rates than those now given
will be offered for deposits by the joint-stock
banks and other financial establishments, and this
will impart a furthur stimulus to it-vestments.
Then we have to bear in mind the additional con-
sideration that at the approaching close of the year
the dividends of our great railways and banks will
probably be unusually good—the former, because
traffic has been extremely satisfactory, :did economy
has not been teglected ; and the latter, because
there has been an unusually wide martin between
the rates paid by the banks for money awl those at
which it has been employed. The better the re-
turns which the public derive from these important
investments the more able and willing will they be
to invest afresh. The present appearances are,
therefore, in favour of a steady appreciation of ex-
isting securities until prices reach stic!i a point as
to provoke the usual creation of more. Tile dif-
ficult task will theta arise of discriminating care-
fully between the frrsh stocks which are sure to be
pressed upon us from every quarter.
The fortnightly settleuient in shams ail foreign
stocks will begin to-morrow ("continuation day")
and end on Tuesday.
The sum of 20,0001. in gold was snit into the
Bank yesterday.

The City of Washington, from New York, 1-.. as
brought 147,0001. in specie.
The amount of gold shipped from Melbourne for
England during the mouth—viz., from the 24th
August to the 24th September—was 143,040 f. The
telegrams describe trade as dull.
Messrs. M. Caspari and Co., general merchants,
stopped payment yesterday, with liabilities for about
100,000/s, tuo,tly due to creditors abroad. The
liquidation, it is anticipated, will prove satisfactory.
The house has beeu established about six years. The
circular issued is subjoined :
With sincere regret we have to inform you is ron.
sequel:a* of the suspension of one of our eorrespoodente at
Hamburg, and the nonsarrival of due remittances from
Spain, we are cou,pelled to suspend payment. Wei bans
thought it la et to piece our books in the tutu's of Moms.
Edwards and Jerre,. who will shortly lay a •Ontensontif
our affairs before s .1. Meanwhile we beg to ask your kind
forbearance.— W.. ~,e, sc.. M. cssratu and it'o.
Loudon, 7, Canu,,dtteet, City, Nov. 10.
The Midland Railway traffic return shows thin
week an iticr,:iw of 5,552/. over last year ; the
North Eastern an increaw of 4,381/. ; the Lanes-
elte and York-Lire au iucrease of I let. ; and the
Manchester, Sheffield, and Lincolnshire an increase
of 531/.

At the meeting of the Indian Tea Company of
Dirjee;ing, held yesterday, the directors' repent,
which has already been published, Was adopted.
It was resolved that the annual meeting shall be
held in future in the month of March in each year.
in order to facilitate the presentation of a complete
balance-sheet.
The directors of the International Contract C43l—
have made a call of 51. per share, payable on
the 3rd proximo at the Bank of Loudon.
The Continental Bank Corporation have made a
fifth and final call of per share on the original
shares of the company, payable by December In.
Mr. Robert Hook, of the firm of Berrien, Far-
quhar, and Co., has been elected a member of this
board of the Australian Mortgage Laud and Finset.
Company.

With reference to the market for Aincrkan se-
curities, Mr. E. F. Satterthwaitereporta a folios's:

Since oar last of this day week we have had a eery fires
market in London for American securities, and much dawns.
Bon shown to buy United States 5.30 Bonds sad Illinoisshoess;
the former touched and the latter 5.44, but to-day, ow
receipt of advices from New York reporting an advaiwas is
the premium on gold to 136, free sellers of both stocks op-
peered, and a decline was established ; the market, how-
ever, closes firm at 41 to for United States 5.10 Beads.
and 52 to for Illinois shares. Some investments ere
almost dailmade in the various descriptions of Athletic
and Great Western Bonds at the low rates now ruling.
_ .

For the auction of the Redeemable (Passive)
Debts of Spain, which will take place ou the 30th
inst., at Madrid, the amounts nominally maigmed
by the government are as follows :—RA.
1,833,169, for the redemption of the Ist clam
Interior Stock ; Rs. Vn. 616,080, for the redemp-
tion of the 2nd class Interior Stock ; Re. Va.
14,333,402, fur the redemption of the 2nd awl
Exterior Stock.

Thecrown agents for the colonies have announced
the half-yearly interest on Ceylon and Mauritius
Government Debentures.
The mails from Calcutta and Australia, via Mar-
seilles, are expected to be distributed in London
about the 17th kat.

Tile return of the Bank of England for the week
ending Wednesday, Nur. 9, compared with that for
the previous week, shows the following changes :
Circulation issue
Circulation active 20,390015 Decrease 653,725
Public deposits 4,5G0,536 Increase 787,886
Other deposits
Government securities in

banking &feu-tweet 9,972,7,42 Increase 588,003
Otb eraecurit ler to banking
department
Coin awl bullion in both

departments
Seven day and other bills 529.294 frecre.ure Altel
The Rest 3,304,487 locrease 32,696
Notts in reserve
Total reserve inotes It coin
in banking department) . 7,907,175 Ineraure 987,584
This return is highly favourable. The reserve has
increased no leis than 987,5 W., &movement which
is chiefly owing to the large influx of public and
private deposits. It will bo seen that the Bank has
repossessed itself of 588,0001. of the government
securities which it lately parted with. The coin
and bullion have at the same time increased
333,8291. Upon such figures as these, the Bank
directors could not hesitate any longer to redoes
the rate of discount. It would seem that with a
reserve of eight millions, the rate cannot long be
kept up at 8 per cent.

BANK OF KNOLAND.—An Account unnuent to the Act 7th
and etb Vic ,c. dl, for the week ending nu Viedn.stbo, °v./.
latti.

Usta. Flour
qrs. brit. nets.
3730 .. 900
1a 10
:f2t.o) 040
98010 .. 1200