The Express.
London, England, 1862-03-24 00:00:00

TiZrOTAL MARE MARKETS.

Ygitroot, MAKI, 22.—ades today :—Calotiontan Stock,
1121 x d—Oreat Western Stack, 14; 6-ILancsabire and Yorkshire
Stock. 100—London and North Western, 011 f 4—Manchester,
Sheffield, and Lincolnshire, 431 4—Midland Stock, 1221 5-6outh
Eastern, 1 lex div.—ktirkenhold Stock, Wl—Buffalo and
lake Huron 61 7-16 I—Ditto 7 per cent. 104. shares, 8 11.16
Dutch Rhenish, 1 p—Orand Trunk of Canada, w4l--(treat Indian
Peninsula, 102 f--(treat Luxembourg, 114 3-161 S-16 12 3-16—
Ede 7 per Cent. Preference Scrip, 64—Bank of Liverpool, 161
—North and South Wales, 13—Liverpool United Gas 206.
MARCUM'S:R. MARCH tit —There wu but a very limited
business. The market wu steady, with prices a shade better.
Great Luxembourg, 12 1-16--Orand Trunk of Canada, 261 1—
Lancashire and Yorkddre, 1061—Manchester, Sheffield, and Lin-
colnshire, 431—Ditto stil Pref., fp— North British. 671—South
Euteru, 845 4—Edinburgh, Petth. and Dundee, 325—Sheffield
6 per Cents, 12l1—Oiwestry and New Town, 80—Ditto Prof.,
10 3-16.
LIEI,I, MUM 22. —Hehden Moor, lOs —Midland, 1204—Lan-
casbiro And Yorkshire (Barnsley). 1145—Leeds, 109—Eastern
Unlou C, 40-4. reel Northern, 117}—Doves, 6457-10.

MONEY MARKET.-(THIS DAY•)

ISSUE OF THE TURKISH LOAN.
Two o'CLoci.

The intelligence from Italy has occasioned a
number of speculative sales to-day, and the stock
markets are heavy, though the Paris Bourse has
not given way. The English funds have declined
1 to 3-16 per cent., and English rail-
ways I to # per cent. Foreign bonds,
including more particularly Italian Five per Cents.,
are likewise lower, but Brazilian and Canadian rail-
way
shares have met with an increased demand.
At Paris this morning, according to Mr. Renter's
telegram the Three per Cent. Renter opened at
70fr. 10c:, being sc. better than on Saturday.
Consols are officially marked 94/, 1, 931, and 94
for money, and 941, 1, and 94 for the ac-
count. The present quotations are 931 to
94 for money, and 94 to k for the 10th of April.
The official business report is as follows :—Bank
stook, shut ; Three per Cents. Reduced, 92f,
# ; New Three per Cents., 921, ; India
Stock, 224, 226 ; ditto Five per Cent. Stock,
1081, 109, 1081 ; ditto Four per Cent. Deben-
tures, :1883, 100 ; ditto 1864, 100 ; Four per
Cent. " enfaoed" rupee paper, 91; ditto Five per
Gents., 1031; ditto Bonds, 225. prem. ; Exche-
quer Bills, June, 18s., 17s. prem.
Foreign stocks in some instances are rather fiat.
Italian securities are lower. The Turkish Loan of
1854 has fallen # per oent., being quoted 84 to
1, while that of 1858 is last marked 72, ex
div. showing likewise a reduction. Venezuela
Bonds, however, are steady. Sales are recorded as
follows :—Chilian Six per Cents., 105 ; Italian
Five per Cents., 661, 67, 661 (exchange 25fr.) ;
ditto Five per Cents. (Maremmana Rail-
way Scrip), 11, 1 prem. ; New Granada Two
per Cents., 271 ; Peruvian Three per Cents., for
account, 851; Portuguese Three per Cents., 1853,
for account, 461 ; Russian Five per Cents., for ac-
count, 99, ex div. ; ditto Four-and-a-Half per Cents.
94 ; Spanish Three per Cents., for account, 531,
# ; ditto Passive, 191 ; the Committee's Certi-
ficates, 7, 61 ; Turkish Six per Cents., 1854,
for account, 86 ; ditto Six per Cents., 1858,
for account, 721, 1,1, #, 72, ex div. ; ditto
Guaranteed Four per Cents., 103 ; Venezuela
Three per Cents. for account, 25.
Hats-rasr Two o'Ctoce.
The Turkish Six per Cent. Loan has just been
formally announced on the Stock Exchange,
and very favourably received. The amount is for
5,440,000?. sterling, in 8,000,0001. bonds at 68.
The quotation is 2 to 3 per cent. premium.
Foot o'Ctocx.
Consols have further receded 1 per cent. since
2 o'clock, being now quoted 931 to 1 for money, and
931 to 94 for the account.
An instalment of 10 per cent. falls due on Messrs.
Hembree Italian Railway Loan of 1,338,0001. on
Wednesday next.
About 46,000?. in gold was taken to the Bank
on Saturday.
The Liverpool cotton market on Saturday was
firm, but the sales were limited to 3,000 bales.
Reference was made a few days ago to the forma-
tion of the Indian Branch Railway Company
(Limited). The prospectus was issued this after-
noon. This is both an Interesting and important
undertaking, and is brought forward under the
auspices of first-class commercial names. The
directors are Messrs. William Dent, Murray Glad-
stone, R. W. Kennard, M.P., John Fender, L. R.
Reid (director of the Great Indian Peninsular
Railway), Major-General Sim (chairman of the
Madras Railway), and Messrs. J. A. Turner, M.P.,
J. A. Tobin, and James Wyllie. The company is
described as formed for the purpose of carrying out
on a large scale the principle of subsidiary lines, a
principle which has already received the sanction of
the government of India. It is pointed out that
the government undertake to deliver to the com-
pany, free of cost, the roadways perfectly
constructed and ready to receive the rails,
together with all the land necessary for sidings and.
stations, for a period of 99 yearn, so that all the
company will have to do is to lay down the rails,
and provide rolling stock and accommodation for
passengers and goods, the whole cost of which is
not to exceed 2,600?. per mile. As there is to be
no government guarantee, the company will be
exempt from that government interference which
some of the Indian railways have found so irksome.
Instead of a guarantee, the company obtains a
virtual subsidy from the government m the most
practical form possible, that is to say, in land and
in executed works. The first branch line to be
proceeded with is to be, as observed a few days
ago, in connexion with the Bengal division of
the East Indian Railway. It will be 27
miles in length, and will run from Nulhatee to
Moorshedabad, through a rich and populous district.
A dividend of upwards of 10 per cent. is estimated.
The directors will work gratuitously until the divi-
dend reaches 5 per cent. The capital is 500,000/.
(subject to increase) in 101. shares. The brokers
are Messrs. Hill, Fawcettrand HilL
A call of U. is to be paid on the shares of the
Universal Marine Insurance Company by the 21st
of April.
At the 39th annual meeting of the Economic Life
Assurance Society, held on Saturday in New Bridge-
street, Blackfriars, Mr. Robert Biddulph in the chair,
the following statements wore submitted :—Num-
ber of propmals made in the year 1861, 539 ; poli-
cies issued, 443, assuring 312,2401. ; amount of
new premium income, 11,1351. Claims had arisen
on 167 policies, assuring with bonus the sum of
141,801/. The invested capital now amounts to
2,030,4921. The number of policies remaining in
force is 8,617, producing an annual income of
200,0001.
The annual meeting of the Royal Swedish Rail-
way Company is called for the 15th ApriL
Stevens' Patent Bread Machinery Company
(Limited), is the title of a new undertaking which has
been for some time in course of preparation, and
which is respectably oonstituted. The value of
Stevens' machinery for making bread is attested by
a remarkable series of testimonials from numerous
public establishments, including prisons, lunatic
asylums, hcspitals, &c. The machine is likewise
used by numerous master bakers, who commend It
highly, and has been otherwise satisfactorily tested.

Stock en band tide day ....earl
Delivery last week
Ditto !rove lsklnne

33,966
1,077
09,94.7

irtiat last weak
Ifitto tress ist lan!.

.01,871

rico Y.C. pot owL this day s7s. ad.
Ditto Tara last Friday SOL ad.

711,0ta

1,000
fq,olo

- --
1,294
112.944
594. M.
599 Od.

!,144

103,30'2

86
48L Od.
al. &L

Arrivals for the week ending April 1 last s
tr
and delivery 679 casks. The arrivan last wwt ecenpriscesdt
casks.

METROPOLITAN CATTLE MARKET.
(THIS DAY.)
The number of beasts is larger than on Monday last. The
demand is good, and Thursday's quotations are
well maintained. The supply of dump is rather
shorter, and on the average prices are rather better.
Good calves are .rams and dear. From Germany and Ho!.
land there em 43 beasts, 1,120 sheep, and 89 calves; Spain,
80 besets ; Scoff Lod, 350 ; Norfolk and Suffolk, 2,900; Im•
land, 195 ; and 80 from the western counties.
Par "tons of 81ba. s. 4. s. d. Per "Moue of Nlbs. a. 4. •6.
Best Boots Herstd• 4 6 4 8 11441Dne& Ht-todelat 4 8 6 0
Hat Short-honks 4 • 4 6 Beet Long-w 0015.... 5 1 6 6
Second qua'. boasts If 4 4 0 Do. do. Shorn .... 4 64 10
Calves
Pip
4 4 6 4 Dot do. Shorn 00 0
•
BastDastllll-bredi 5 6 5 8 Lambs 0 0 0
Beasts at market, 8,890; 0.49 and Lambs. 17,060; Wm, 103 :
Pia 450.

BOROUGH HOP MARKET. HIS DAY.)
Messrs. Patteoden and Smith report the demand daily
improving for both English sod foreign hops, at slightly
adranoed prices. Old hops continue to be taken for expos.
tatioa at late quotations.
_

COAL ML IKET.-(THIS DAY.)
Walls End swims's, 16..; Willi End South Hatton,
16s. 6d. ; Walls End Tees, 101.,• Walls Ead Hartlepool,
11M 9d.; Walls End don* Helloe, 13s. &L ; Walls End
Hank Hall, 6d. ; Walls End Kepler Grange, Ids. 3d. ;
Waill End Halloo, 3d. ; •Walls Ead Aoora Clan.
144. &L ; Walls End Hatton Lyons, 14s. 3d. • Byron 14a. ;
Holywell, &l. ; Wylam, 14a. ; Tasted Mom Ho.tes.
M.; Went Hartley, 1514 Elamite Hartley, Hi&

.er

PROCEEDLYas .oF THE BALLOON rommirrEs
VF THE BRITISH Assoclano.v.

At the meeting of the British Atirsociatioe at Man-
chester lad year, • resolutioe was pawed appointiag the
following members of the Royal Society • balloon com-
mittee : —('olonel Sykes, M.P. (chairman), the Right lion.
tool AVrottesley, Sir David Brewster, Sir J. Herschel),
General Sabine, Dr. Lloyd, Admiral Fitzroy, Dr. Lee, Dr.
Robtoson, Mr. Glaislier, Professor Airy, Mr. Gisaiot, Dr.
Tyndall, and Professor W. A Miller. Simultaneously
with the appointment 2001. was placed at the committee's
disposal, to enable them to carry out their expe-
riments. This sum the committee propose to ex.
penal in making four secrete, two in the present
month, and two later in the year. At altmeting of the committee, bold lad week. was
melees) that the first two sweats should be mule from
Wolverhampton —the Ant on Saturday. and the secood cm -
Monday or Tuesday. It wee desired that an &Bite& of
eve wiles should, if Feastble. be attained. A balloon to
boll, as would is that case be seemeary, betwese 60,000
and :0,(101) rabic feet of gas wan not, it was foum sow to
be obtained in England. The largest, it was ensisselest,
was the " Royal Normandy," which would bold eanr
remise) feet. This balloon they therefore obtained, Yi
googol as an aerimant Mr. Lythgoe, who has wide lit
ascents, principally from Cronsonsa The balloon, with •
complete appentua fur taking the required mete
observations, was delivered at Wolverhampton °r=
evening. Lord Wrotteeley made the neceseery
metes with the Wolverhanwtoo Gee Company far :la
14 gas, and in the evening Colonel Silvio (the chartroom
committee) Dr. Lee, Mr. James Crldeber, the saperinteadent
of the magnetic and nateorolqpical departments of the
Royal I ibeersdory, Greenwich, aid Mr. Henry
his assistant, all arrived in Wolverhampton. The doers
cations, it was arranged, should be istrusted to Mr. Cris-
wick, who duce wee to accompany the aeronaut The paw
within the boundary of the Stafford-road works of the Cies
Company mesented the oely spot for the tallaihigef tholvallow
very Dear to the gasometers. That ooset spot was
therefore selected for the purpose ; to it wee dedwad to
make the ascent at nom on Saturday. 841010 that hour the
members of the committee. whose names have bees already
mentioned, were joined by Lord Wrotweley and Mr. W.
Fairhurst (the President of the British Anoclatise), who
bad come from Manchester specially to whore the
ascot, awl others. At twenty minutes to two
the voyageurs ascent's) lowly and deatilly, and
ameba the plaudits of the company were wafted
away upon • quiet breeze almost dee north. After re.
•rag for a few minutes at no great altitude, the bellow
was lightened, and she quickly swiped • height of. it MIS
estimated, nearly a lade. By the time she had met with •
counter current, awl in 13 minutes after her ascent
sM
was lost sight of, wg in a somewhat westerly direction.
The objects world to be obtainer! are twofold First, to
encertain the law of the decrease of temperature in propor-
tion to olevatioe ; next, to determine the distribution of
moisture throughout the atmarphere. Other etniasphorimi
phenomena it was desired to bis noticed, but to three two
points the observer was to devote his attention. Nuenewens
beautiful instruments he which to make observations WWI
specuilly provided fee the occasion upon the most approved
principle.
Mr. Criwrick naturist to Wolverhampton at mid-
eight The balloon proved utterly unseaworthy. A height
of not more than a mile could lie obtained, 'tied the ma-
chine came down from sheer inanAloo at • distance from
Wolverhampton of red more than seven miles. The
Royal Normandy had scarcely got. fairly up before the
gee was found to escaping from innumerable old routs.
Previously to and also duriog the time of nineties it wa
pereeived that • large Dumber of such defects had been
covered with paper ; but it was believed that the repairs
were complete enough, certainly for this voyage, and it does
not appear that they were. (Kher defects, however, had
either been overlooked, or were only *waiter the circum-
stances which this inflation presented to develop themselves.
Anyhow, ootwithwareling that the valve was not opened,
the gas escaped rapidly from different parts of the machine,
and the throwiog out .4' all the tallest was insuffi-
cient to pine the voyageurs and the collapsing
Balloon from &wending into • coppice at ebillingtoo.
finch was the district in which a lauding had been effected,
that it was four hours before the travellers could obtain •
vehicle to remove the disabled balloon out of the field.
Whether the sewed sweat will be made on Teasley remoras
to be sletemeoed. That 110:40i certainly cannot be made on
Monday (this day), but should the aeronaut report that she
could he so far repaired as to justify an ascent on Tuesday,
the committee will discuss the desirability of resuming the
observations on that day.