The Express.
London, England, 1864-06-02 00:00:00

1

TO THE EDITOL OF TEL REFUEL

Sir,—Withreferet7ce.l; the statement width appcand
in your paper respecting the meat choose mule ia
the management at she Britt& sed American Ex.:lmage
Beak* Corporation (Limited), I beg to inform yea
that at the extraordinary general meeting held yesterday
four geetlemen were temporarily added to the hosed for the
purpose of preserving the interests of the beak until a aew
board shall be formed.
In the meantime the new diretton have so fir trade ex-
amination of the business and accounts of the bank. and they
have no meson to doubt the statement made by the retiring
directors that the limns ial position of the hank is in a ea.;
condition.
It is the intention of the present directors to adhere to all
the business arraogeonede which have been made by the
directors who have lately retired.-1 as, irx..
Jolla Jaanuioa, Chairman of the Meeting.

1 Bank-buildinp, Lethbap, Juno 1,1864.
The Manchester advices announce the failure of
Messrs. Hull and lugham, spinners and manufac-
turers, of Padihani, with liabilities computed at
from 30,000/. to 40,0001.
With reference to the market for America, secu-
rities, Mr. K. F. Satterthiraite reports as follows:
We have seldom had to report each complete staguatios
lathe Loads. market for Americas securities as has pre-
vailed during the peat week. Oa three days only have
trassectioos been officially recorded either in bonds ur rail.
road shares. For the former, quotations ere little more
than oeminsl, bat the latter are firm, the higher rate of
exchange reported from New York being fully isompensated
for by a eorrespooding rise in prices there.
The effectsof the war on the market fur American
railway property are noticed as follows in the same
circular :
Railroad stocks were very firm. sad in most descriptions
higher prima were demanded from investors. 1.1.. e of the
affects of the war has bees to throw very largely increased
traffic on most of the leading Hoes of railway, and some com-
panies which four years ago ware struggling with the diffi-
culty of large floating liabilities, have not only hero .ble
clear off all incumbrances, but to place their mortgage debt
ou a mach more economical basis, the consequence f which
is, that many parties who would formerly cave preferred
railroad hoods as an investment are now coming forward u
buyers of the ordinary stock of first class lines. This,
coupled with the incrmaieg expeosioo of the currency, tends
to *ohms°. quotations. We haws, this week, to note as
iroprovemeat of six per cent. in Illinois, four in Erie, live ia
New York Central, and nice per cent. in Reading stock.
Railroad hoods are so well held that few come toms:kit.
and in elate stocks there is no chimp worthy of notice.
Mosey was reported as abundant. The weekly return of the
New York banks sufficiently indicates tkia, the decocts
having increased to S,OuU,OUU dab.

WLDSZSDAT EVICNIIO,

Console, which closed yesterday at 901 to 4, x
for the Bth of June. were marked to-day 90_, and
closed at 904 to 1. For money, the last price wa. 911
to 1 with div. The official bitsineas report ism fol-
lows :—Three per Cent. Consols, for money, 91,,
1, • ditto for account, 901 ; Three per Ceuta.
Reduced, 891, 4,4, 89 ; New Three per Ceuta.,
891, 4,4, ; Annuities, 1886, 14 7-16 ; Bank
Stock, 237 ; India Stock, 217 ; ditto Five per Cent.
Stock, 106, 4; ditto, Four per Cent., 1888, 998.
The India Five per Cent. stock retains a ten-
dency to improvement. Exchequer Bills were
unaltered, the March being quoted 12e. to 7a. die.,
and the June 6s. to Is. dis.

In the foreign stock market there was a renewed
demand for Greek Bonds, which rose per vent.
Italian stock advanced 11, and Turkish Consoli.lis 4.
In the market for bank shares an improvement
was quoted in Anglo-Austrian, Continental, En.
ropean, Bank of Hindustan, and Imperial ; but
Bank of Australasia, Bank of Otago, Imperial
Ottoman, London and Hamburg, London acd
Colonial, London and South Western, Merchant,
and Oriental Bank, have reoeded.
Hudson's Bay shares were rather flatter, at 19
to 4, and Joint Stock Discount at 2 to 3 prem.
Egyptian Trading were steady at 3 to 3: prem.
Oriental Ohs, Peninsular and Oriental New, and
Telegraph Construction shares, were heavy, while
Smith, Knight, and Co. improved.
Credit Fonder shares have risen, but with this
exception the financial companies' shares were
heavy. London Financial, Imperial Financial,
General Credit, and Credit Mobilier declined 24. 6d.
to 6e. per share. The closing quotations are annexed,
viz. :—lnternational, 6 to t prem. ; General
Credit, 34 to prem. ex the new shares ; London.
Financial, 12 to 134 prem. ; Imperial Financial,
3 tot prem.; Mercantile Credit, 94 to prem. ;
84Credit Mobilier, 4to prem. ; and Credit Fonder,
74 to prem.
The closing (but in some cases merely nominal)
quotations for shares in new undertakings are
subjoined, —lnternational Land Credit, It
to 2 prem.; Imperial Bank of China, tot prem. ;
last India Financial, t dia. to par ; Millwall Iron.
Works, i to I prem. ; National Financial, 1 din.
to par ; General Contract, to prem. ; Italian
Land, to 1 prem. ; Humber Iron Works, 14 to
1 din. ; Gallivant, 4to 3 die.