The Express.
London, England, 1864-07-21 00:00:00

THE EXPRESS, , THURSDAY EVENING, JULY 21, 1864.

The CHLIRILIIII ia movies the adoption ofre report and
the babuice-sheet, Awned that es* of the viestaga of a
joint-stock bank was that ft mast eons* before the public
periodically sad stand or tall by its somata If anything
was supposed to be wrong as opportunity of °Waist an
explanation was thus afforded. Whim the dlsestors met the
shareholders is January last they reoammeaded a dividend
at the rate of 6 per oast. per annum, sad • said
they anticipated increased encases. Very diortly after
Mr. P. C. Rani and other infieeatial gentlemen
Mood the bank and the shares immediately rose six or
seven per neat. Other secessions of the same kind followed,
and by the 3rd of April the shares reached a premium of
201. This showed that the directors did right in making
these additions. The deposits rose from 600,0801. in Decem-
ber to 1,017,0001. at the end of June, and the gross profit
of the last half-year were 35,0001. against 16,0001, in the
previous half-year. (Cheers.) The beak was simply a
London me—they had no branches—and having gone on
padually increasing, he believed it would continue to
progress. (Cheers.) The directors intended to be
cautious in their operations and to take care
that the business was dose as securely as
possible, but with the amistanos of the shareholders in
obtaining new customers they would no doubt be able to
make the beak one of the Ina busking concerns in the
metropolis.
Mt. HALL seconded the motion, which was adopted, and
a dividend at the rate of 8 percent. per annum having been
declared, the meeting terminated with votes of thanks to
the directors, the manager Mr. Boutham, the assistant-
mower Mr. Brows, and the chairman.

MERCHANT BANKING COMPANY.-(THIS DAY.)
To-day the first ordinary general meeting of
this company we. held et the I.oedoe Tavern, Yr. JOHN
PATIRSON in the chair. _ .

The Caaraaaa stated that the purchase of the
bugloss, of Masers. H. and J. Johneoe, the merchant beakers
of ()mama-street, had proved most satisfactory, for it would
net have cost myth* like three years' marclusee and it would
certainly give twice the usual calculation of 10 or 12 per
cent. on the mosey invested. There were no figures to
present, the amounts in these criocems heisg clonal annually,
but the directors were justified in declarim for the six mosthe
the business had been in operation an interim dividend at
the rate of 10 par met. per annum, the actual profits liming
reached 20 per cent. (Cheers.) In the first year of working
they hoped to write off the whole of the preliminary
exposer ; the amalgamation amount would be extinguished
in half the time allowed by the trust deed ; sod they anti-
cipated being able to carry over 8,0001. or 10,0001. out of
the profits to form the nucleus of a good reserve fund.
The whole of the directors who retired in accordance with
the deed of settlement were re-elected ; the dividend was
declared at the rate of 10 per emit. per annum free of income
tax ; and a vote of thanks wars accorded to the directors.

COLONIAL GOVIIIIMINT ISOVILITIIIB.

90 101
100 143
100 148
68 SO
BB 90
104 104
107 100
100 111
107 100
106 106
111 113
106 107
107 100
109 111
140 108
90 101
97 W
97 n
071 901

LortslolCom.llp.ol..ls7l
..1 Do. do. 1833 100
.. Cea Gov. 6p.a.187744. 100
Do.lporetTob.dAag. 100
1.. Dal pent 167.3 1001
1.. Dail pot 4001
pair/sr Ina 4001
fkDo. 0110r1p.ct.1878,1001
18804 1001
bab*. o. dda 18:041111G300
tro.lll6v. 1808. 6p. et. 100
1878, do.. 100,
Mourittos per et. 1873 100
▪ . Do. 1678 100
Do. 1881 100
Gov.6por c00t... 1001
.. Now Bruns. Gov. 'pad. 100
X.s.Waloo Go. 0p.0.11033100
.. Do. 6p. a 1871 to 1376.100
.. Do. p. es. 1888 to MX 1001
Now Leland. per cont. 100
1.. Novo loads. p. a. 1875 100 100
Quesalsod Goa 6p. at 100 103 1
1.. AoßO6t.o6p. o. Hoods 100 106 10..
Duo,Oov.tlp.00.daoly:1001
..1 flo.6p.e.Apill/10e.,1001 110 111

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10,000 10 'neglo.llanican NUM
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,m,“ British Azaartean mad
ilianaa N. B. &I. Mag. TeL (L 1..
11,5001 IS 1)rltiolt Indian Toe (L)
alellli Elli Canada
50,000 10 :12anadianCe=ny;L)
26,000 10 Crylonl:losnpmay
20,000. 25 ,City olLon.l4olProp.CL
20,0001 60 'City Moos (Lira.) ~
,400 10 lona 40
NAG& SO poninsroialUsion(lna,
*OOll, 50 ,Oorolidsiod Db... (Li
17,600, SO IContinsatal U 5.00014
40,000100 ,
12,000 ID 50mp.71,6C4=p.0
10,000' 10 ICredit Fonder
10,000. 50 Do. of Mauritius (L )
10,0001 I. ICrodlt Mobillor
100114541 W 0617.14,1 pangs
10,00001 ft Do.. Proforma
27711110.1 10. Do. 6 tesort.p/c=lit
10. ISO Meow'
50.000 * IL India Ire*. & anal
100.0* 20 ilgyptionljono&TriL(L
170.0764 ft Electric lilagrapli
10w a sag. and Aar.
000,100 liag.aloo&lbil.
160'.011 60 F 100
rinanelal inauciai C°l"ratift.Diseount (L)
10,000' ID , Pore d, Wsrebotual I.
*OW SO 106111yara (Untited).
116,0001 so ror•aamria.atzoi.ti
wawa 16 Ono Skate Nail***
20.001) 60 notnotColoalsl Aa(L)
HOMO, NI illodaos'oßsg
100,000, 60 , Imp.&ller.C.lt. Ana (L )
111,011:0•1 1 Indian Carrying ;11:1
SW SO llnturnat Finien.Soe..(L
100,000 II later. Land CNA* (L.
*ON' * Itallsallyig. (Csa.Csa.
500000 ,100 Do. 4p. a DJ& y
00.0001 ID PolotBtoekDisoonn4lL.l
20,000, 50 'Land *entities (Us.),
20,000' 25 I Load. African Trad7,
10000 01 ,Load.rodOslodoa.ll. 1
MOOS 6 :Lood.lastrlot Toles. )
NAO. SIP 'Lend. Flom. nano. (1.)
*AO, 60 I Do. Nov
176,000 4 Load.G. OenalbsisC.(L 11
10.000; 50 ILund.,ltallan, &cam
50,000 10 Lond.Proviocialllarlso
1.0.000' 10 Illadsu Iniga. &Paoli
56,000 10 Do.
10.000 15 Drina InyeatinsilllOL))l
1;600 10 'llanrilles lanii.aML)l
11,000 10 114111 t. Nam rel (L)1
40,000. 40 11/111wall Iron Works
12,400 10 Natal land&CoL C. (L)
00.000 26 ;National 044.Cani. IL)
10,0.0 50 'National Pletandal frii
20.000 11l I Nstional Noun Na.
LIM 06 1/44rbadda0os1 it L '
MOO, 26 .N.7.odand T.&Loan(L.
167,1761. 81 'N.Brit.Australasian(ll.;,
40.000 50 ' N.lrritalleresa. LA
30,000 2 IN.:mm*o4la°. sndL .LIII
10,000' 21 Do. do.
*ow 26 Ocean Dards, lama
10,000 20 ItiriontalConleoersiallL
10,000• 50 ;Orient.' Financial XI
10 .000 1 Oriental Oas (UMW)
50,0001 1 i Do. Now
40,0311 10 'Onont.lnhadftesentLll
10,000 60 Ottoman Flannels' j )
10000! 1 ,OtOoenan Oso (Limited I
12.600; 10 ,PananeallL Mam(L) '
0,600, I Do. ao i
000,000 f 1 84. Peallitiv.Land&Mia.(L),
*OOO 60 'Peninsular & 0. Btoarai'
10,000' 50 1 Do. Nov
Irmo! II nuelbra* L. 11.. XXI
MOO DI lithouley Iron
10.000, IS 1 Do. Now
4.150 26 11116.1. City Improv. (1 )'
20.750 25 ' Ditto ditto ... I
16,0001100 !Do7al M0n555555 1
200,1001. BS IScot. Australian*, 1
40000 60 Milth. Knight. *00.(0 ,
110,0)S 10 doe.Floan.4'64llla of 1
1%0101 WI S. ateloss IL
16,200, 26 !Souk Angraltan Lodi
200,0001. Oa ilabenarino Tolearsoie
17,500, 10 ,Tel.oounetrne.ll44o;l
100,0001 II ,TbratookMareay 1240
12,500 10 Trod angsneyolAns. L
0,00.10 IT. & L Co. of U. Canada
*4051 1 lUlote4ll. Wig. 0..1
50.000 10 lUalrersDeadaslaa a
26.006 10 AnoaniTes(Lia
25,0001 10 1 Upper Ditto
1..10!00 Van Dionees's Lad
*OOOl 50 Warrant Flannoe(Llss.
10,000. 60 !Westindls&Pardloo L

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MONEY MARKET.-(THIS DAY.)

Two o'CWoi.
Great dulness continues to prevail in the
stock markets, the general tone of which is
rather flat. In some cases prices have
slightly receded. Consols have declined about 1
per cent. As regards moat other securities,
however, the reduction in prices is unimportant.
The demand for money is rather brisker to-day,
and there is an unwillingness to take good three
months' bills below 6 per cent. In the Stock
Exchange the rate for short loans on English
government securities is 41 to 5 per cent.
At Paris to-day, according to Mr. Renter's
telegram, the Three per Cent. !tante' opened at
66fr. 30c., being sc. better than yesterday.
Consols are quoted 901 to 1 for money, and 901
to 3 for the account (August 9). The official business
report is as follows :—Three per Cent. Consols,
for money, 901, 1 ; ditto for account, 903,
1 ; Three per Cents. Reduced, 891, 3 ;
New Three per Cents., 89/, i ; Bank
Stock, 240 ; India Five per Cent. Stock, 106,
1041 ; Four per Cent. " enfaced " rupee
paper, 941 ; ditto Five per Cent., 1041; ditto
Five-and-a-Half per Cent, 1141, 1151 ; Exchequer
Bills, March, Si. dis. ; ditto June, par, ss. die.
The foreign stock market is dull, and rather
flat in character, but the reduction in the prices of
the speculative stocks does not exceed 1 per
cent, and is not genera/. Some of the
present quotations are annexed : Turkish
1858 Loan, 711 to 721 ; ditto, 1862, 70 to 1 ; the
Consolidds, 503 to 1 ; Greek, 241 to 1 ; Mexican,
291 to 4, "ex all ;" Spanish Passive,
284 to 4 ; and Confederate, 75 to 77.
Transactions are recorded as follows :—Brazilian,
1852, 1858, and 1860, 861 ; ditto, 1863, 874 ;
Dutch Certificates, 991; 'Egyptian, second issue,
103 ; Mexican, for account, 291, 4, ex
all ; ditto 1864, 261 ; Portuguese, 1868,
&c., 48, ex div. ; ditto for account, 48/,
ex div. ; Russian, 1862, 89 ; Spanish Passive,
281 ; ditto Certificates, for account, 10 ; Turk-
ish, 1864, for account, 92, 911 ; ditto, 1858,
for account, 721 ; ditto 100/. Bonds, 76, 741 ; ditto
1862, for account, 70,1, ex div.; ditto 1001. Bonds,
704, 70, ex div.
International Financial shares are now quoted
51 to 1 prem. ; General Credit, 31 to 1 prem. ;
Imperial and Mercantile Credit, 44 to a prem. ;
1 Hudson's Bay, 171 to 3, ex div. ; Ebbw Vale,
1
to 4 pm. ; Ottoman Socidt4 G4n6rale, 3
to 1 prem. ; and Anglo-Egyptian Bank, 33 to /
, prem.

About 30,0001. in bar gold and 25,000 sovereigns
were withdrawn from the Bank yesterday for ex-
portation. The former,will be sent to the continent
and the latter to Brazil.
The City of London has arrived from New York
with 87,5001. in specie, which will be sent to the
continent, the demand for that quarter continuing
strong.
The bidding% for 30.00.000 rupees (300,0001) in
bills on India took place yesterday at the Bank of
England. The proportions allotted were—to Cal-
cutta, 17.10.000 rupees ; to Bombay, 12.00.000
rupees ; and to Madras, 90.000 rupees. The
minimum price was as before, viz.' Is. Md. per
rupee on Calcutta and Madras, and Is. 110. on
Bombay. The applications within the limits
amounted to 180 lam (1,800,00 W.). Tenders on
Calcutta and Madras at is. 110. will receive
about 18 per cent. ;on Bombay at 25., about 85
per cent.; and all above those prices in fulL On
the last occasion the applications within the limits
amounted to 1,710,0001.
It is officially announced that the East of Eng-
land Bank—a joint stock bank, with unlimited
liability—whose head office is at Norwich, has
stopped payment, but it is believed the liabilities
are not very heavy, and that, cm nig to the large
wealth of some of the shareholders, the depositors
and other creditors will eventually receive 20s. in
the pound. The manager of the bank died about
six weeks ago, after being connected with it for a
period of twenty years, and attempts were subse-
quently made to merge the undertaking into the
Provincial Banking Corporation, which has recently
been established. The negotiations being none-
oeseful, some of the depoeitore commenced with-
drawing their accounts, and this led to a general
" run upon the bank ; hence the determination to
close the doors yesterday, with a view to prevent any
unfair preference. The bank was established in
1835, with a paid up capital of 100,0001., and an
authorised note issue of 25,0251. It has either nine
or eleven branches. The London and Westminster
Bank are its Londonents. Messrs. Harding,
Pulleiu, Whinney, and Gibbons are preparing •
statement of affairs to be submitted to meetings of
creditors and shareholders.
All who wish to see the abuses which occasionally
creep into the formation of joint stock companies
checked, and new undertakings rendered more
strictly amenable to the jurisdiction of that court
without appeal—the Stock Exchange—will be glad
to learn that the Stock Exchange Committee have
unanimously confirmed the following resolution,
which was carried without a dissentient on the 18th
inst. : . .

Resolution :—" That no company shall be ad-
mitted to quotation in the official list rules a
member of the Stock Exchange be authorised by
such company to give the committee full informa-
tion as to the formation and the bona tides of the
undertaking, the applications for and the distribu-
tion or allotment of shares, and every other parti-
cular that the committee may require." This reso-
lution forms henceforward a part of the law
of the Stock Exchange. Its object evi-
dently is to impose a salutary check upon
the present growing system of forming companies
by means of an organisation of capitalists or pro-
mown, in contradistinction to bona fide subscrip-
tions by the public. There have been several
instances of late in which powerful combinations
have made use of the Stock Exchange for the

A new undertaking is announced under the title
of the Express Penny Parcels Delivery Company
(Limited). The prospectus recites th►t, a want
being experienced of a medium for the transmis-
sion and delivery of parcels in the metropolis with
regularity and despatch, and at reasonable rates,
this company proposes to convey parcels at the
uniform rate of one penny for each parcel under
71b., and twopence under 141 b., and to have " an
hourly delivery during the ordinary business hours
of the day." The arrangements are to be specially
adapted to the requirements of the whole-
sale houses and tradesmen, both in the
West-end and the City, with a view to
obviate the necessity of their keeping carts
of their own. The registration of parcels
for an additional fee of one penny is like-
wise contemplated. The capital is 50,0001., in
5,000 shares of 101. each, with a fast issue of 2,500
shares. _ . . .

The half-yearly meeting of the Scottish Austra-
lian Investment Company (Limited) is convened
for the 29th inst. _ _ _

The half•yearly meeting of the Lands Improve-
ments Company (Limited) is called for the 4th of
August, when an ad i,derim dividend will be
recommended.

The list of applications for shareq in the Anglo-
Egyptian Bank will be closed on Saturday next,
at 12 o'clock.

It is also notified that the share list of the Regent's
Canal Iron Works Company (Limited) will be closed
on Tuesday,l the 26th mat, for London, and on
Thursday, the 28th, for the country.

WZDPIIIDAY EVICPI3IO.
Consols, which closed yesterday at 902 to ; for the
9th of August, opened and closed to-day at the
same quotation. For money the last price was tolt
to The official business report is as follows :
Three per Cent. Console, for money, 90e, • ditto,
for account, 902 ; Three per Cents. Reduced, 891,
; ; New Three per Ceuta, 891, ; ; ditto Two-and-
a-Half per Cents., 72; ; Bank Stock, 244$ 241 ;
India Stock, 214, 212 ; ditto Five per Cent.
Stock, 105,1041 ; ditto Four per Cent. Debentures,
1866, 99.
The India Five per Cent. Stock continues is
demand, and is very firm. There is no change in
Exchequer Dille, the March being quoted Bs. to
3e. dis., and the June ss. die. to par.
The variations in the foreign stock market were
of little importance, being limited to an improve-
ment of per cent, in Russian Bonds of 1862, and
the scrip of 1864. and ; in Greek, and a decline of
It per cent. iu Italian dock and Turkish Congo-

Hudson's Bay shares remain at 17i to I.
Egyptian Trading were rather firmer, at 2g to II
Crystal Palace, Financial Corporation,
pram
Warehouse, North British and Mer-
cantile Insurance, Universal Marine Insuranoe,
Ottoman Financial, and Oriental Financial shares,
have all improved. National Discount, Nova
Scotia Land and Gold, Panama Royal Mail Steam,
and Van Diemen's Land shares have declined.

The shares of the financial companies were
in better demand, especially Imperial and Mercan-
tile Credit, which rose 7s. 6d. to 10.3. London
Financial and Credit Mobilier improved 55., and
International Financial, 21. 6d. The closing quo-
tations are annexed, viz.:—lnternational, 5 5-16 to
7.16 prem. ; General Credit, 3g to) prem. ;
London Financial, 13 to prem. ; Imperial and
Mercantile Credit (amalgamated), di to 2 prem. ;
Credit Mobilier, to 61 prem.; Credit6 Fonder,
811 to 9 prem.
The closing (but in some cases merely nominal)
quotations for shares in new undertakings are
subjoined, viz.:—lnternational Land Credit, 21
to j prem.; Millwall Iron Works, prem. ;
Ebbw Vale Company, par to prem. ; Italian Land,
par to 11 prem.; Robertafors Iron Works, to 1
prem p ; Ottoman Bocidtd Gendrale, 3to prem. ;
and County Lind and Buildiug, 1 to 2
Fem.