The Express.
London, England, 1864-01-20 00:00:00

At Paris this morning, according to Mr. Reuter's

telegram, the Three peioent. Bente. were quoted
666. 500., being 4 per cent.. lower than yesterday.
Consols are now quoted 904 to 4 for money,
and 904 to 4 for the account (Feb. 4). The official
business report is as follows :—Three per Cent.
Consols, for money, 904, 4, 4 ; ditto
for account, 904, 4 ; Three per Cents. Re-
duced, 904, 4 ; New Three per Ceuta., 904 ;
Annuities, 1886, 141 ; Red Sea Telegraph, 204,
7-16; Bank Stock, 237 ; India Stock, 216; ditto
Five per Cent. Stock, 1051, 4 ; ditto Four per
Cent. Debentures, 1866, 994 ; and Exchequer
Bills, 65., Is. die.
There is an average reduction of 4 to 4 per cent.
in the principal speculative foreign stooks. Greek,
however, forming an exception, and present.
ing a rise of 4. Mexican Bonds are
now quoted 344 to 4 ; Spanish Passive,
334 to 4 ; Greek, 214 to 4 ; Turkish Bonds
of 1864, 89 to VJ ; ditto 1862, 664 to
; and the Consolid4s, 46 to 4. Trans-
actions are recorded as follows:—Brazilian,
1863, 864 ; ditto, scrip, 14, 4 du ; Egyptian, 1001 ;
Greek, for account, 214, 4, 4 ; ditto Coupons, for
acoount, 94; Italian, for account, 674, 4 ; Mexican,
for account, 344, 1,4, 1,4, 4 ; Peruvian, 1862,
for account, 84 ; Portuguese, 1856, &c., for ac-
count, 474, 4 ; Russian, 1860, 854 ; ditto,
1862, 884, 88 ; Spanish Passive, for account, 334,
33, 4 ; ditto, Certificates, for account, 131, 4. Turk-
ish, 1854, for account, 894, 4 ; ditto, 1858,
for account, 70 ; ditto 1001. Bonds, 74 ; ditto
1862, for account, 664, 67 ; ditto 1001. Bonds, 67 ;
Venezuela, 234 ; ditto, 1862, for account, 544.
International Financial shares are quoted 54
to 1 prem. ; General Credit, 24 to 3 prem. ; Lon-
don Financial, 101 to 1 prem. ; Egyptian Trading,
14 to 14 prem. ; Merchant Banking, 31 to 4 prem. ;
Land Mortgage Bank of India, 11 to 2 prem. ; Eng-
lish and Swedish Bank, 1 to 14 prem. ; Consolidated
Discount Company, 4 to 9 prem. ; West India
and Pacific Steam, 14 to 11 prem. ; Mauritius
Land Credit and Mortgage, 4 to 1 prem. ; Dis-
count Corporation, 31 to 44 prem. ; Contract Cor-
poration, 2 to 4 prem. ; Anglo-Italian Bank,
4 to 9 prem. ; Australian and Eastern Steam,
21 to 3 prem. ; London, Italian, and Adriatic
Steam, 14 to 2 prem.; and Land Securities, 4 to
1 prem.
It is instructive to remark that, notwithstand-
ing the continued draughts upon our stock of bul-
lion—partly for the relief of the Bank of France,
which, pending the influx of the new resources
expected from the Government Loan is severely
pressed upon---confidence remains unimpaired. It
is recognized that the present drain of bullion is of
an exceptional character, and means no diminution
of the wealth of the country. We pay gold for
cotton because cotton is now only to be procured
from countries which do not take our goods in
return. Instead of exporting our capital, as we
have done on former occasions, for foreign
bonds, or railway or similar commitments,
we are exporting it chiefly in payment
for a commodity which more than any other
has hitherto contributed to the accumulation
of oar wealth. If it be true, as is generally ad-
mitted, that an extension of the cotton trade cigni
fies a large increase in our profits, another very
measuring consideration is involved in the vast
stimulus given by the present exorbitant prices to
the cultivation of cotton in nearly every part of
the world, and which can scarcely fail to redound
hereafter to our signal advantage.
About 370,0001. in gold was taken from the Bank
yesterday for exportation. Of this total, 200,0001
will be sent to one of the Spanish banks, and it is
understood to be for coining purposes; 160,0001.
to the Bank of France ; and 20,000/. to Alexandria
The 142,000/. Australian gold by the Prince of
Wales, which will reach London to-day, has
also been bought foe Paris. A further considerable
mm is expected to be soon withdrawn from the
I Bank of England, a large portion of the 2,000,0001.
in gold, for which the Bank of France recently
contracted with firms here, having yet to be pro
sided. Any amounts that may come to hand from
America and Australia will at once be despatched
to France, and will so far mitigate the drain upon
the Bank of Ragland.The total amount of gold
known to have been bought from the Bank of
England since the date of the last weekly rata= is
611,0301.
The steamer Ripon, which left Southampton yes-
' day, took about 256,0001. in specie for the East,
including 62.000/. in gold for Alexandria. The
French steamer from • es yesterday, with
mails for Calcutta and China, took a large amount
of silver, and the English boat from that port
to-day, with a mail for Bombay, will take a
further considerable total. The supplies by the
two latter vessels have been provided on the Con-
tinent, on orders from this side.
The heavy amount required for transmission to
the East by the outgoing steamers from Southamp-
ton and Marseilles having been provided, the silver
market is sow flatter, and the price for bars has
receded to ss. 2d. to se. 24d. per ounce, being 4to
below the highest rate recently attained.
There was a good demand yesterday for bills on
the Continent, but the rates generally varied but
little from those:of Friday. The Vienna exchange
continues to move against Austria. Subjoined is
our usual list :
Asterdam, 3 meths, 11.19 to Mt* 3 dap,
64 to 174 ; Rotterdam, 3 moetlia, 1L194 to Aatwely,
3 aseathe,2s.624 te 74; Umber* an bamojtkres matt*
13.7 to 3 : Par* 3 days, 25.221 to 74 ; ditto. 3 =nabs,
25.70 to 75 ; Freaktort-00-tlte-Mairos, 3 meths, 119 to
St. Petersburg (per rouble), 3 meths, 33 to ; Paean*
el. So.. 3 months, 12.25 to 70 ; Trieste. str. do., 3 mouths,
1165 to 70 ; Madrid, 3 meals; 474 to 3 ; Obeli; 3 motstbo,
474 to ; Leghorn. 3 mouths, 25.80 to 85 ; Gem* 3
swaths, 25.80 to 85 ; Mike, 3 mouths, 25.80 to 83 ;
Naples, 3 meetka, 25.80 to 85 ; Uwe*, 3 mouths, 25.80
to 85 ; Maria* 3 mouths, nao to 83 ; Lisbon, 90 days,
524 to f ; Oporto, 90 dap, 524 to 4.
At the half-yearly meeting to-day of the London
and South Western Bank the directors' report,
which was adopted, stated the available sum at
1,9101., which it was resolved to carry forward to
the next half-year's account. The chairman re-
marked that the report presented a very favourable
aspect. Eighty-two new accounts were opened in
the last fortnight at the head office and the branches,
which are transacting a good business, especially
that at BristoL
A private meeting of shareholders in the Unity
and London and Middlesex Banks took place yester-
day at the Guildhall Hotel, to discuss the necessary
steps to get the directors to convene a general
meeting, and generally with a view to extract addi-
tional information respecting the position of the
affairs of those concerns now in course of winding
up. It was resolved, " That as the directors of
the Unity Bank have so long and uunecessarily
delayed the publication of its affairs and the distri-
bution of the assets, a public meeting be convened
on the 2nd February next at this house, and that
coffee be given to the directors to produce the sepa-

$

rate ledger of the Unity Bank, which is stated be
contain all the transactions since the London and
IGlWlesisB Bask bas been acting as the Unity's
bankers ; and also any further information they
may passers respecting the bank and its affairs"
The discussion had also reference to the loans which
the directors of the London and Middlesex Bank
are stated to have had, and to other large and irre-
gular transactions.
At an extraordinary general • of share-
holders of the Oil Wells Company of held
yesterday at the London Tavern, Sir Henry ke,
M.P., presiding, it was unanimously determined
that the company should be dissolved in accordance
with the recommendation of the board, and the
proprietors passed a resolution that the directors
we entitled to the wannest acknowledgements of
the shareholders for the careful and judicious
manner in which they have conducted and brought
to a conclusion the affairs of the company.
The Brighton Railway traffic returns show this
week a decrease of 1,4831., compared with last year;
and the South Eastern an increase of 5451.
The receipts of the Atlantic and Great Western
Railway for the month of December were 200,W6
dollars, with 302 miles open, against 164,748
in the previous month, when 252 miles were open,
and 50,794 dollars in December, 1862, when the
number of miles open was 127.
The Great Western Railway Company of Canada
have intimated that " the loss on exchange by the
conversion of American money received for the
carriage of through traffic from the commencement
of the current half year to Jan. 2, 1864, amounted
to the sum of 29,647/. lls. 10d., and at that date
there was a further sum of American funds still
remaining to be converted of 23,002 dole. 110.
Creditors of the Adelphi Hotel Company (lA-
muted) are required to send the particulars of their
claims to Mr. William Turquand, the official liqui-
dator, by the 2nd Feb., the 16th Feb. having bee&
appointed by the Master of the Rolle for adjudi-
cating upon them.
We 'are requested to state that the subscription
list of the London, Italian, and Adriatic Steam Navi-
gation Company will be closed on Saturday next,
the 23rd inst. . .

Subjoined are the quotations of insurance, gas,
dock, and other shares, as given in the Stock
Exchange list of last evening :
Ineareaos.—Alliasoe British sad F ' , 151 ; Argue
Life, 30 to 1; Ooensairoial Unita, 9 to 81; 84 to 34;
Eagle, 81; Indemnity Marine, 145 ; London. 48 0011 a
Maris*, 19! 1 1 f 90; Fbaslx, 150; Rock Life, 33:
Thames sad Haney Marine (Limited), 71 1 1 ; Cal-
vinist Narias (Limited/. 54 t
Gaslight sad Coke.—Bahis tLimissa), 191 to 20 ; ditto
Ten per Cent. Pretereace (Limited), 21; Brighton sea
Hove, 281 ; European, Neer, 51 ; Imperial, 65, ex Apia
div. ; Nem ditto, 72, ex April die. ; Imperial Continuant,
881; London, 86 ; Italia sad lieditermassa(Limited), 44;
Plinelx, 124 to 1 ; Barmy Oosenasers, 171 to 18 ; Waters.
17 16117.
Dodm.fit. Eat/miss, 711; Bonthamptim, 664 to 5.
Waterworks.—Berlia, 9, 1 9 ; Chelsea, 261 ex die.
Grand innobos, 75 ex div.
Canal—Birmingham (par. 41. per cent. London sod
North Western), 96.
We have received the following letter from Mr.
3. P. Moll, whose failure was referred to yesterday: