The Express.
London, England, 1864-10-21 00:00:00

TO THZ EDITOR 07 THE ZIPUHS.

Elll.—ls reference to the statement pabliehed by you this
morning, of oar affairs, we beg to inform you that there
has bees so meeting of our creditors, and that we hare not,
either directly or indirectly, had any trandartiona with the
Leads Banking Company. Ouranspessios has mime entirely
through the improper use of a large summit of our accept-
ances, which it was expreuly understa 1 were to have had
is cantles attached, but which the drawers failed to do,
making use of them in other ways, without our knowledge
Or esoction.—We are, &a., BULLOCK and FEWITHOUGH.
1, Miming-lane, Oet. SD.
The Committee of the Stock Exchange have ap-
pointed Monday next a special settling day in the
shares of the following companies :
1. Locomotive Cotton Pries (Limited)—sot to be marked.
The Londoo (Limited)—quotatios not asked for.
2. The Merchant Shipping Company (Limited), late
(Booms Brothers)—not to be marked at present.
3. Wasboe United Consolidated Gold and Silver Mining
Company (Limited)—quotation not asked for.
1. For bargains entered into oa and after 4th August.
2. For bargains entered into on and after 13th August.
3. For bargains entered into on and after 4th October.
In the accounts of the Great Western Railway of
Canada to July 31st last there Sg-ured an item of
about 340,000 dollars, American funds in
hand, resulting from traffic earnings, which at the
time of the issue of the report had not been con-
verted into gold. For the purpose of the accounts,
the conversion of these "greenbacks" was assumed
to be made at a gold quotation of 250. Recent ad-
vices from Canada state that the actual conversion
has been made at 192, thus realising a saving of
8,4151. to the advantage of the current half-year.
The Lancashire and Yorkshire Railway traffic
return shows this week an increase of 1,542!. over
last year ; the North Eastern au increase of 0,1441. ;
the Manchester, Sheffield, and Lincolnehire an in-
crease of 1,737/. ; the Midland an increase of 5,3321. ;
and the Great Eastern au increase of 2,3441.

The directors of the Merchant Banking Company
of London (Limited) have made a call of 51. per
share, payable by November 18th.
The prospectus of the Northern Assam Tea Com-
pany (Limited) is issued. The object is to purchase
twelve tea estates situated iu Northern Assam, in
close proximity to those of the Maim and Upper
Assam Companies, and possessing direct steam
communication with Calcutta. Of the 6,000 acres
composiug the estates, 500 are already planted in
tea gardens, 180 acres being of three years' growth,
The prospectus recites that " The vendor has
substantially guaranteed to the directors a minimum
dividend of 10 per cent. on the paid-up capital
during the first three years ; but from the estimates
of produce and expenses, which have been care-
fully examined, the directors are justified in anti-
cipating after the first year considerably larger
dividends." The terms obtained from the pro-
prietor are described as " very favourable," the
purchase money of the estates, buildings, stock,
stores, implements, &c., being fixed at i.;4,0001. ;
payable, 7,0001. in cash, and the residue (with
interest at 5 per cent.) by four annual insta:Mentl,
tlie first of which does not commence till
January, 186& The capital is fixed at 200,0001.,
in 20,000 shares of 101. each, with a first issue of
15,000 shares. The list is to be closed on Monday,
the 31st inst.

The third call of 11. be. is to be paid on the W.

8 per cent. preferential shares of the Atlantic Tele-
graph Company by the 12th November. A post-
script to the call kttm. states as follows :
The directory deem it et to intimate to the share.
holders that it is espested that the eompeoy'a rag Ul/111111111111
wader the emirs* for the enasefacture of the cable will
render it te make a bather sad final Dill epos the
preferratial capita during the month of January, U46.'.
An extraordinary meeting of the Lands Improve-
ment Company is convened for the Bth Novem-
ber, to elect Lord Naas, )LP., and Sir William
Rummell, Bart., M.P., directors of the company.
Messrs. Cavan, Lubbock, and Co. have announced

the payment, in' due course, of the half-yearly
interest due the let Nov. on Sagas La Grande
(Cuba) Railway 7 per cent. Bores.
With reference to the market for American securi-
ties, Mr. E. F. Satterthwaite reports as follows :
The market in London for American securities has since
our last been dull and declining, with modems amount of
transactiooa ; United States 5.20 bonds are now quoted ex
let November coupon, and show a fall of 13 per cent. during
the week, taking the value of the coupon into consideration.
Erie end Illinois shares have given way 1 dol. each.
Subjoined is Messrs. Culverwell, Brooks, and
Co.'s report of yesterday's hide sales :
At the eighteenth series of hide sales for the year only •
limited demand was experienced. Fist India.—Ox aid
Cow—Calcutta : Both the home trade and exporters opera,.
log to only a limited extent, a large quantity was bought it,
and mice. may be quoted fully id. to id. per lb. lower.
Bombay, kc., brought fair prices. The analysis of the sales
is b 6,068 Calcutta new parcelr, 28,283 brought forward from
fanner sales, and 3.035 Bombay, We. ; in all 117,356 hides,
of which 84900 were sold. East. India : Iniffaln were bought
in. Leather: Eset Indian was mostly taken in. Austra.
lisp was in limited request at a decline of 4d. per lb. Silted
Hides: Australia's were very dull of sale at id. to id. per
lb. decline. Cape were rather lower. North American were
bought in. Dry and Drysaltad Hides West lodian were
mostly sold. North American taken in. Corinsn only part
sold. Mogadore kips all sold. Hone Hides—Salted : South
'tom :can were all bought in. North Amencm wore sold
at lower prices. Bark—Mimosa : Only psrt told at caner
rates- Aliscellaneotni—Skins : Kangaroo were dull of sale.
The return of the Bank of England for the week
ending Wednesday, Oct. 19, compared with that for
the previous week, shows the following changes :
C'mulation issue
Circulation active 21,232,935 Incrwise 13,615
Public deposits 3,273,559 Decre,se 3,749,645
C.her depowita
Uovernment securities in

9,570,212 Decrease f 0 l3 I

banking department
Othersoeurnies in banking
department 19,780,744 Decrease 2,142,136
Coin and bullion in both
departments
Se•cn day and other bills
The Best

Notes in reser►e

13,03-2,4 gs Decrease n 8135
595955 Increase 38,971
3.219,45.• Iccrease 54,846
5,647,090 Decrease 51,835

Total reserve (notes & coin
in banking department) . 6,419,553 Decrease 19,420
This return show) the effect of the payment of
the dividends, which commenced on Thursday, the
13th instant. It is a satisfactory feature that these
heavy disbursements Lace entailed a draught to
orly the insignificant extent of 19,4261. upon the
Bank's reserve. The decrease of 3,749,6451. in the
government deposits was partly made up by the
increase of 892,141/. in the private deposits ; but
the chief compensation to the Bank consisted in the
large repayments of quarterly advances, the effect .
of which is seen in the decrease of 2,142,1361 in the
private securities. The Bank has at the same time
taken the judicious course of parting with a further
amount of 602,1311. of its government securities .
—whether by absolute sale or by borrowing upon
them matters little at the moment. A considerable
amount of coin is usually taken away by the re-
ceivers of the dividends ; and this explains the
absence of any gain in bullion iu face of the fact
that the Bank purchased during the week a total
of 227,000/. of newly-imported gold and parted with
none for export.

BANK OF ENGLAND.—An
and ath for the week
OM.

Notes Wood

ISMS DU
,015,8e4,0L5

ta 880,02.5

D
Proprietors' Capital L 14,555.000
Rest 3243,44.5
Public Deposita dn-
eluding ltschci.,
sv. Doak& Com-
&a of Nattoast
Debt. ard Div.

1.173,569
Other Deporits.... 11098,464
Berea day wad other

------
f 95.935

Account parinant to the Ad db
ending on Wednesday, Oct. 19,

otia.' 770.513
Oct 20, 1864.

PARTMEI t.
Government debt.. L 11.015,101
Other securities 4634,901
Gold nolo sad but
lion
I Silva billion

L26,11:0,021

:RAIMENT.
Gov( moment Seco-
iocludies
Deal Weight Ao.
salty)
Other Severities
Notes
Geld sad Silver
Cola

C 0,570.942
19,780,748
6,447,0110

772.40

*-34,770.11i
W. MILLER, Chief Cashier.

I'HUBADAT EITIECtG.

Consols, which closed yesterday at 888 to* for the
10th Nov., opened this morning at 88* to f, and
closed at 881 to 1. Fur money the last price was
84 to 1. The official business report is
as follows :—Three per Cent. Consols, for
money, Kg, ; ditto for account, Stii, I;'
Three per Ceuta. Reduced, sq, g ; New
Three per Cents., 1361, Annuities, 1885,
14w, * ; Red Sea Telegraph; 19 15-16 ; Bank
Stock, 237 235 ' • India Stock, 213 ; ditto Five
per Cent. Stock, wig, 8 ; ditto Four per Cent.,
97} ; ditto Bonds, 9s. die. ; ditto Four per Cent.
Debentures, 97* ; Five per Cent. "enlaced" rupee
paper, 100 f.
The India Five per Cent. stock continues it
demand for investment, and has again improved.
India Bonds were dealt in at 9s. dis. The March.
Exchequer Bills remain at 10s. to W. die., and the
June at 20s. to 12s. dig.

Some of the speculative foreign stocks were
rather firmer, in answer to the improvement in
other securities. Turkish Bonds of 1862 improved
3 per cent., Spanish Deferred Three per Cents.
the Passive Bonds and Certificates 3, and Mexican
3to per cent. Egyptian Bonds, on the con-
trary, declined 1, per cent, Portuguese 3, and
Italian 3. Confederate Bonds were dull.

MINE&-(111111 DAY.)

Two o'CLosic.

The mining market is quiet to-day, and, with
the exception of a decline of ss. in Esst Grenville
shares (which are now quoted 7 to i), prices are
unaltered. No transactions are officially recorded
in the Stock Exchange.
Very few bargains have taken place in foreign
and colonial mining shares, and quotations are
without variation. St. John del Rev have been
dealt in at 35), and Yudauamutana at
An extraordinary meeting of the Port Phillip and
Colonial Gold Mining Comp.tuy is called for the 25th
instant, "for the purpose of taking into considera-
tion an agreement entered into on the 25th August
last between the resident director of this company
and tine Chime Mining Company, fur the joint
working of the mine and machinery under the
management of the Port Philip and Colonial Gold
Mining Company, and to determine the ratification
thereof, or otherwise."

A special meeting of the West Canada Mining
Company was held yesterday, when it was unani-
mously resolved to issue 20,000 11. shares at par,
to be distributed pro rani amongst the shareholders.
This sum is required for the purchase of the free-
hold of the company's mines, the present lease ex-
piring in a abort period.
At a special meeting yesterday of the Wheal
Ellen (South Australia) Mining Company it was
decided to issue debentures to the extent of 7,11001.
At Wheal Union Miue meeting yesterday the ac-
counts showed a debit balance of 4241. A call of 41.
per share was made.
At Billings Lead Mine meeting yesterday the ac-
counts showed a credit balance of 3031.

The rectory of Welford, near Stratfor',-on- Avon,
has become vacant (saes the 13,rmirod,,,t P,o) by the
death of the Rev. Charles Davenport, 11. d., formerly of
Worcester Collage, Oxford. The benefice, which is worth
5C31. a year, is in the gift of the Earl and Countess Am.
heat.

CROYDON CATTLI MARKET, 01_1'. 20.—There wag
an inferior description of beasts at market to.day. Sheep
were in moderate supply, sad the veal trade woe dull.
Prices were as follows, via, at per stone. and sinking the
offal :—Seast—Steen and fat cows. 4s. to 4s. Rd. Slieca--,
Good Susan Down wetbers, ss. 4,1. to `e. e ; and OM*
cheep and West Keats, 4a. 441. to 614 -veal— Best calve;
gg. SOd , sad coarse veal, 4.. to Is Pigs—Good porker'.
4s. 6„:, is. ; to. to 1.. 4d. ; sod store pin,
to 16s. a bassi. ilificing cows, 114 to 151., and it,.,
cattle, Si. to 91. Sucklers—Well-bred calves, 255. is Mi..
and Alderney, Dutch, and inferior 10s, to lb. a
head.