The Express.
London, England, 1864-05-16 00:00:00

' Chatham and Dover
lietrrpolitaa
South Eastern
°Madan : Berwick
Ditto York
Grit Eastern
Great Western al osuda
thillo4 Central

I.
I.
ie
i•
i•
i• • •
•I L.
aa l.

Virginia
Lama'boar,
&sabre.

to - .9
to lip" ~
le 12 p.t. .

liiterestioeil
Credit
let tole.
Confederate Loss 346 to 5.16 „
Greek
mexisaa
Spanish Pamirs
Turkish Internal 6 per cent t to
Vegmenela, 1862
Messrs. C. J. Hambro and Son have annonnZed
the interest due the Ist of June on the Sardinia&
Five per Cent. Loan of 1851.
We are requested to mention that Mr. 0. J.
Caralli, merchant, of London and Liverpool, and of
Caralli Brothers, of St. Petersburg and Moscow,
has joined the direction of the Scottish and Univer-
sal and Finance Bank.
An advertisement announces that the deed of
settlement of the Commercial Bank Corporation of
India and the East" as approved by the Treasury, is
now ready for signature. Shareholders are requested
to execute the same on an early day after to-ince,
row (the 17th instant), between 11 and 1.
The following remarks on Turkish finance are
from the Levant Herald of the 4th instant :
In spite of the beet intentions of the government, of the
reforms it has introduced into its Saudi system, the itima•
entice of express, sad the prospect of iecremed mon"
the Treasury is by no mesas is so plethoric a redness 8111
he friends could desire. On the contrary, the govenueseeli
is mid to have been under the negemity of contracting •
leas of 625,000 lire.with the Imperial Bank, aid other
Iced end European backers. Arrears will be pad bl
bonds which the Melia will be obliged to accept 111 pay
meat of old debts. To these soesideratioan, the magnet Mahe
of the Priecialities. and the reported isms of new titles in
redemption of the On-Senilike sod Sigh* most be added
an internee the feeling of demerit*. • . • .
The overdue interest on the Ori-Senilihs has Dot yet been
paid, and 20 per mat. of the news fells due on let=
June, 1865. If, from unforeseen circumstances, it
be impossible for the government to meet the engagement.
mid sew brads be bred, it is sincerely to be hoped that
some grangemeat will be nude on a mooed basis to meet
the pay meats se they become due, sad that the conversion
be wide in such a manner se will be eatiefactory to aldose
of all kinds of securities. The Imperial government has
always evinced a practical sincerity and earriestimes is all
its !laurel nieseurea, and we feel mewed that whatever
plan it may adopt, a just and fair consideratioe will he
takes of its liabilities to the holders of the bonds in Ter
non.

With reference to the prospects of the money
market, the circular of Mesas. Joseph Travers
and Sons has the following:
Throughout the week there has been • rather f all demo&
at the preessat high Bank minimum of 9 per cant., sect
it is only to occasional Melanoma that-my tramectiom has
taken place below that point. Gradually the market seams
to be approaching to a condition of Ism pressure. but the
rebound Me scarcely yet been such as might have bees end-
cleated from the rapid and almost uispreeedeated character
of the upward movement. Never but oe one previous owe-
Mon has the Bank rate been so high, and that was in Novem-
ber, 1857, when the chug. wee 10 par cent —• thaw
which has, in this immune, been made for all large or es-
oeptional advances, although the nominal rate baa not been
carried above 9 per cent. The movement of that time. kow-
ever, had the effect of sweep' away • coedition of com-
mercial unsoundness which had beat gather* fpr
years: sod there was consequently, whim this
was effected, nothing to check a speedy return to
low rates, the public having been thoroughly cured, for the
time, of all speculative teedeaciee. In the present see
nothing of this sort has been effected. Commercial affairs
were is • healthy state when the preemie occurred. sad
there has not, for an instant, been the slightest approach to
discredit. The demand for money has bees occasioned prim.
*ally by the extraordinary /Heretics is the circumstances
of the cotton trade, combined with • most unusual
of activity is every general department of business.
Arena( epecetlatioo not haviag yet goes beyood its rst dew,
had led to no commitments of • character that could not be
upheld or deferred. Hence it is certain to be renewed wit&
every doweward movement of the rate of discount to ma
as outwit as to seeder it allogetherwiontabable that soy
very low terms cam be touched. It therefore, seem
prudent for all traders to reckon upon • igh average rate
of discount for • very considerable period, sad then to bad
themselves prepared for the possibility of a essvalsiewa
during which the Beak of England minimum may be deism
up to • point beyond the experience either of the preeleh
time or of 1857.

SATUIDAT avamss.

Consols, which closed yesterday at 94 to 4, ex
div.. for the Bth of June, improved to-day to 90}
to I, and closed at 90 7-16 to 9-16, or 904. For
money the last price was 914 to 4, with div., against
911 to }yesterday. The official business report is as
follows :—Three per Cent. Consols, for money, 911, 4;
Three per Cents. Reduced, 894,4, k ; New Three per
Ceuta., 89, ; Bank Stock, 237, 239 ; India Flv•
per Cent. Stock, 105 k ; ditto Four per Cent., 991 ;
Five-and-a-Half per Cent. " enfaced" rupee paper,
112.

The India Five per Cent. stock was inquired for.
The March Exchequer Bills were unaltered at 20a
to 10s. dia., and the June at 9r. to 4s. die.
The foreign stock market wan firmer, and
most of the speculative stocks improved.
Notice is given that the share certificates of the
1 Central Argentine Railway Company are ready for
delivery in exchange for the allotment letters.
In the market for bank shares the changes.were
not of much importance. An improvement
occurred in Alliance, Imperial Ottoman, London
Bank of Scotland, London and County, Metro-
politan and Provincial, and Union Bank of
London' while Anglo-Austrian, English and Irish,
Bank of Wales, and London and Hamburg, were
quoted rather lower.
Scarcely any variation occurred in the miscel-
laneous siere market, attention being monopolised
with the settlement. Hudson's Bay shares were
rather better, at 19 to i, and Joint Stock Discount
at 2to i prem. Egyptian Trading were firm at
Born
3to I prem. Boy Gas shares were a little
more offered.

Mercantile Credit shares rose 10a. to-day, and
International and General Credit, 2s. thi. to bs.
The shares of the other financial companies were
steady. The closing quotations are annexed,
—lnternational, 6) to 1 prem. ; General Credit,
6) to prem. ; London Financial, 111 to 12}
prem. ; Imperial Financial, 4 to f prem. ; Mer-
cantile Credit, 101 to 111 prem. ; Credit Mobilier,
31 to 44 prem. ; and Credit Foncier, 42 to 5I prem.
The closing (but in some cams merely nominal)
quotations for shares in new undertakings are
subjoined, nc :—lnternational Land Credit, 2
to 2) prem. ; Telegraph Construction, to
prem. ; Imperial Bank of China, 1 to 11 prem. ;
Millivolt Iron Works, If to 11 prem. ; Fore-
street Warehouse, 4 to 41 prem.; Italian Credit,
to 1 rem. ; Gallivan', 2 dia. ; Shireoaks Col-
liery, 1 to 2 prem. ; Scottish and Universal Bank,
1 to 3 prem. ; Queensland Sheep, 2 dis. ; Mauri-
tius Credit Foncier, 1 die. to par ; Ottoman Finan-
cial, 4 to 1 prem. ; National Financial, dia.
to par.
Nova Scotia Government Debentures were quoted
somewhat lower.

MINES.-(THIS DAYJ

Two p'CLoct.

In the mining market to-day the dealers are
chiefly engaged in the settlement of the fortnightly
account. Nevertheless, there is a fair amount
of business, and the general tendency of
prices is favourable. East Grenville shams
are in prominent demand, and have risen to
41 to }. East Caradon are also firmer at
29e to 30 ; and Great Vor at 32 to is.
On the other hand, Wheal Grenville are
somewhat lower at 9 to East Lovell are
quoted 22 to 23, being firm. No transactions are
recorded in the Stock Exchange official list.
Foreign and colonial mining shares are unaltered.
A special meeting of the South Wales Colliery
Company (Limited) is called for the 24th inst., to
confirm the resolutions passed at the meeting oft
the 28th ult.

The annual meeting of the Labaaa Coal Company
(Limited) is called for the 31st Mirk, when it will
be proposed to increase the capitaL
At Truro out the Nth lost. 3,912 ter tool be (dared for
male, :—South Damao°, 471 tooo—Wbral Ham 471
Clifford iwalataaatod, 462—Phonaz Mims, 446—Wbaul
Rook 410—North Tasshsrby, 344—Wot Carrico, 224
Yogrey Ooloola, 290—Poltaear, 143—Oruldork Yon. 1411—.-
Noill Dolma 125—Howewes, 113-Bt. Day Doha',
88—Goeamous, 72—South Criusis,' 31—Pada-an-dm, 23
mai Wheal Slay, 16 toss.