The Express.
London, England, 1864-02-11 00:00:00

THE EXPRESS, THURSDAY EVENING, FEBRUARY 11, 1864.

three years, and th►t an officer of the school come to the
court to-morrow and then remove him to the said place. AA
to Jasper, he should also send him to a reformatory, and the
sentence of the court on him was that he be imprisoned and
kept to hard labour fur two months, and then be kept in a
reformatory for two years. As to Mead, the sentence on
him wee that he be imprisoned and kept to bard labour for
nine mouths.

The prisoner Mead laughed and scratched his head se be
left the dock.

THE POLICE COURTS.

(THIS DAY.)

, . CLERKENWELL
DASINIVSOBBERI ISON ILUAWAT VANS AND CAM.

Two powerfully-built voting folk;;;. Wl7ollll7l.the MONS
of Widiam Cod!, sod Owner Atkins. the former describing
himself es • hawker, of 13, Union-street, London-rcad,
Lambeth, sad the latter es e drover, of the Ooffee-shop,
Londeo-rosci, were charged with stealing from the roof of
• cab et Roy-street, Clerlosswell, • black bag containing 11
boxes of oombs, 24 paper knives, and other articles, the
property of some person unknown. The prisoners were
farther charged with steeling e quantity of Mess, the pro-
perty of Yr. Stephen Borden, of 29, Upper Gowerstreet,
Bedford-row.

The primmer. are known to the detective of of the
Great Northern Railway as moot expert and
thieves, aid form portion of a gang who get their Live
by robbing railway vans. carts, cab.. ltc. The primmer.
hays been known to change their dresses once or twine in
the omurse of the dos when they have suspected they are
being watched,soa appearing as carters front the
country, with long smock frocks; at olden as bricklayers,
and sometimes as moldier.. On the previous evening
Josiah Thorogood and William Thorogood, detective
officen of the Great Northern Railway, and Tho-
mas Jones, constable oi the Midland Rail:ray, saw the
prisoners in company with another man, one of them attir-
ing a large deep basket, such as are used by hawkers.
Suspecting that the prisoners had something in the basket
that had been stolen the officers followed them, and when
in a dark part of Ray-street the prisoner Atkins ran after
a cab which had some luggage oa the top. The other
prisoner and his companion also followed the tab, and a I
abort time afterwards, as one of the °Moen was pasties them
be eaw Atkins patting something,m the bagel. As he was
going toward. the place where the primmer.. standing one
of them said to the other, " Have you sold them, Bill !" and
the other said, " No, they are very nice, and I must go and
try to get rid of them." Seeing another constable raising
Thorogood called upon him for assistance, cod the prisoners
were taken hold of, on which they became very violent,
fought and kicked in a desperate manner, and it was not
without • greet deal of trouble that the two primary
could be overpowered and taken to the police-station,
as it was the third man managed to recaps.
At the polioectation the prisoners pretended In
be entire strangers to each other. On searching the
basket a black leather bag was found containing the above
artieks, which the owner can see oo application to the
polies at the Sagoigge-wells station. There was also is the
slcet • bundle of Roan that had only a short time pre.
vionaly been given to the laundryman. That bag had bean
stolen a few minutes before the °Maw saw the prisooen
sod watched them. _

Mr. Williams, the superintendent d the Great Nathan'
line, asked for a remand. The lame sustained by the &do-
nut railways by depredations of this character were peth,
and there would be little doubt bat that other charges
would be brought against the prisoners. The of Radar
hie control had been watching the toiletries for some time.
The prisceem mid they did aot at present wish to ask any
question, mad again repeated that they did not know each
other.

Tee magistrate resoamied the prisoners for the polies to
make ioquery for ttio osmosis( the Lather bag.

XARLBOROUGH,STREET.

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MONEY MARKET.-(TIIIS DAY.)

REDUCTION IN THE BANK RATE OF

DISCOUNT.

Two o'CLocK.

The directors of the Bank u; England, at their
weekly meeting to-day, have re Nee,' the mitt/won
rate of discount from 8 to 7 per cent.
This movement having been unexpected, has pro-
duced a good effect in the stock markets. The
funds have risen ito I per cent. An improvement
of about I par cent. has also taken place in several
of the principal speculative foreign stocks. Home
railway securities are firm, without much move-
ment. There is no animation in any department
of the Stock Exchange, but the genzral tendency is
stronger.

At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened at
66fr.40c., being sc. better than yesterday.
Consols are now quoted 904 to 4 for money, and
914 to 4 for the account (March 8). The
official business report is as follows :—Three per
Cent. Consols, for money, 904, 4,4; ditto for
account, 91, 4 ; Three per Cents. Reduced, 904,
4,4; New Three per Cents., 904, 4,4; Annuities,
1885. 144 ; Bank Stock, 237 ; India Five per Cent.
Stock, 103 k, 4 ; ditto Four per Cent., 100 ; ditto
Bonds, 24., dis. ; and Exchequer Bills, 3a, 9s. din.
Foreign stocks, though quiet, are firmer.
Mexican and Greek Bonds and Turkish Con-
solid& have risen 4 per oent. Some of the
' present quotations are annexed :--Turkish, 1858,
Loan, 70 to 4 ; ditto, 1862, 674 to 4 ; the Con-
solidde, 47 to 4 ; Greek, 214 to 4; Mexi-
can, 364 to 4 ; Confederate, 49 to 62 ;
and Spanish Passive, 324 to 4. Trans-
actions are recorded as follows :—Ezyptian, 1014 ;
Mexican, for account, 36k, 4 ; Moorish, 92,
ex div. ; New Granada, 13 ; Portuguese, 1856, dm.,
474, 4; ditto, for account, 474 ; Russian, 1862,
884, 89 ; Spanish, for account, 52 ; ditto
Passive, for account, 324, 4; Turkish, 1854,
for account, 894 ; ditto, 1868, for account, 704 ;
ditto, 1862, for account, 67 ; ditto 1001. Bonds,
674, 4.
International Financial shares are now quoted 64
t 0.4 prem.; General Credit, 24 to 4 prem.; London
Financial, 114 to 4 prem. ; Hudson's Bay,
17 to 4 ; Egyptian Trading, 2 to
prem.; Mercantile Credit, 44 to 5 prem. ;
Land Securities, 4to 1 prem. ; Anglo-Italian
Beak, 4 to 4 prem. ; Consolidated Discount, 2 to
1 din. ; Australian and Eastern Steam, 64 to 7
prem. ; Credit Fonder, 14 to 2 prem. ; Mexican
Bank, 4to 6 prem. ; Mauritius Credit Fonder,
14 to 2 prem. ; Contract Corporation, 4 to 14 prem.;
and Ottoman Financial, 14 to 24 prem.
About 29,0001. in gold was taken to the Bank
yesterday, making an aggregate of 232,0001. for the
week, while the ascertained withdrawals have
reached 150,0001., inclusive of 100,0001. for Brazil.
The Stock Exchange Committee have formally
adopted the annexed salutary resolution with
regard to new oompames,as referred to in our im-
preeeion of yesterday :—" The committee will not
recognise transactions inthe shares of any new.

company wave one-half of the nominal capital of
the company be issued, and at least 10 per cent.
paid thereon. The above resolution has been this
day passed and confirmed, and will in future form
part of the law of the Stock Exchange." It is un-
derstood that this resolution applies to all com-
panies which have not yet allotted their shares.

The dividend on London and North Western
Railway stock is officially announced at the rate of
6 per cent. per annum, against for the corre-
sponding period of 1862. The surplus is 21,0001.
The London and North Western Railway traffic
return shows this week an increase of 9,9711. over
last year ; the London and South Western an in-
crease of 1,6131.; the Great Eastern an increase
of 2,4431.; the Great Northern an increase of
4,1901.; and the Great Western an increase of
3,4944
A new undertaking is announced this evening
under the title of the Ottoman Financial Asso-
ciation (Limited). The capital is 1,000,0001., in
20,000 shares of 501. each, of which 10,000 shares
are to form the first issue, and it is doubtless in
compliance with the new rule of the Stock Ex-
change, referred to above, that the deposit Las been
fixed at 11. per share on application and 41. on
allotment, making together 10 per oent, on the
501. shares. The direction is composed as follows :
Mr. Peter Hermann Berndes, of London ; Mr. John
Cheetliam, of Staleybridge and Manchester ; Mr.
J. Lewis Farley ; Mr. George F. Holroyd,
director of the Mercantile Credit Association ; Mr.
George P. Kitson, of Messrs. Guest and 00. ; Mr.
Wm. M'Andrew, of Messrs. W. M'Andrew and
Sons ; Mr. Michael Nang, of Miners. Abet
Brothers ; Mr. Win. M. Neill, of Messrs. Neill
Brothers and Co., London and Manchester ;
Mr. John Rogerson, of London and Newcastle-on-
Tyne ; the lion. Richard Thomas Rowley, DLP. ;
Mr. Wm. Tabor, director of the Imperial Bank ;
and Mr. Jos. Todhunter, late of the firm of
Mews. John Todhunter and Co.

The Maritime Insurance Company (Limited) is
likewise announced, with a capital of 1,000,004 K,
in 100,000 shares of 101, each, of which one-fourth
are to be issued in the tint instance. This undertak-
ing is of Liverpool origin, and is formed to continue
the marine insuranoe business, long conducted by
Mr. Henry Case, under the iirm of Price and Co.
Mr. Cites is to be the manager and underwriter.
The board is respectably composed, including the
undeementioned mercantile names :—Mr. Francis
Boult (of Messrs. Bonit, English, and Brandon),
Mr. Alexander Duranty, Mr. William Harrison (of
Maars. Harrison& and Latham), Mr. W. H.
Haynes, Mr. Patrick Hunter (of Marra. Browne,
Hunter, and Co.), Mr. Georp B. Kerferd, Mr.
Peter Maxwell, Mr. P. M. Miller, Mr. William
Nicol, Mr. Daniel Powell, Mr. T. Harrison Ridley,
and Mr. J. B. Smith (of Messrs. Houghton, Smith,
and Co.) It is promised that "the strictest COO.
nomy will be exercised in working, and the preli-
minary expenses will consist solely of the actual
necessary disbursements and legal charges."
The annual meeting of the Oriental and General
Marie° Insurance Company is to be held on the
26th inst. The report to be issued to the share-
holders states that after payment of all claims for
losses, averages, and all other expenses, to the 31st
December last, there remains a b•alanos of
67,2741. 101. on insurance and interest amounts.
The directors recommend that 3,3391. ss. be applied
in payment of interest on capital, being at the rate
of 6/. per cent., leaving 63,9354 ll& to be carried
forward. . .

We have received the following communication
from the Sambre and MeWe Railway Company
with reference to the frauds committed by Mr.
Chubb, the late secretary :