The Express.
London, England, 1864-11-26 00:00:00

TURFS FOR fzi,aoDT.

Mean. R. Raphael end Sows beg to announce that they
have contracted with his Excellency C. G. N. David, Knight
Commander of the Dannebrog, and Dannebrogiman, Minir
tir of Finanoeof Denmark, for the above loan.
In conformity with the authority given by the Danish
Diet, and sanctioned by his Majesty Christian IX., tinder
the law of 12th September, 1854, by which the Minister of
Finance is empowered to rain, by loan or otherwise, eight
million dollars, reeking nee of the Sound-dues Fund.
According to treaty between Denmark and Russi►, signed
22nd July, 1857, for the settlement of the Sound dues, Ramis
agrees to pay forty half•yearly intalmenta of 39,5611. each.
Fifteen of these have been paid. The remaining twenty.
five payments, amounting to 989,001., are charged with and
hypothecated for the payment of this loan ; for which also
"all the means and :creases of the Danish state and
finances " are made liable.

The interest et the rata of 5 per cent. commences from
the let November instant, payable half-yearly in London.
at the office of the contractors, and the debentoxer will be
for I,OOW. each, redeemable at par at the same place, and
at the following dates, via :
let Nay, 1865 021,000
„ November, 1865 22,000
„ May, 1866 22,000
„ November, 1866 23,000
„ May, 1867 24,000
„ November, 1867 24.000
„ May 1868 25,000
„ November, 188& . 15,000
„ May, 1869
„ November, 1869 27,000
~ May, 1870
„ November, 1870 28.000
„ May, 1871
Carried 0ver..C323,000 I 0728,000
The nibecriptioo prize is 90 per eamt., payable es follows
25 per cent. on allotment.
25 ~ 15 December, 1864.
25 „ 16 January, 1865.
191 „ 13 February, 1865.

Brought v0..4223,000
Lt November. 1871 29,000
„ Nay, 1872
„ November, 1872 31,000
„ gay, 1873
„ November,llB73 33,000
~ May, 1874
„ November, 1874 34,000
1875 35,01.3
„ November, 1875 36,000
„ Mar. 1876 37,000
„ November, 1876 37,000
„ May, 1877 38,600

94j
Discount at the rate of 5 per cent. per annum will be
allowed for payment in full.
Scrip oertiSeatee will be issued, exchangeable after the
last instalment for the debentures, signed by the govern-
ment.

Application► to be mode on the annexed form to Messrs.
R. Raphael ►od Boss, 15, Angel-court, Throgmorton-etreet.
No application wM be received after Thunder, the let
December, at 12 o'clock.
15, Aagelvourt, Throgmorton street, Nov. 25, 1864.
Hunt-Palft Two o'CLoor.
Consols are unaltered, at 90E to 91, with div.
for money, and 891 ex div., for the account.
The United Danubian Principalities Seven per
Cent. Loan, to the impending issue of which refer-
ence has been made during the last two days, is
announced. The amount is 916,0001., and the
contractors are the Imperial Ottoman Bank and
Messrs. Stern Brothers, who acting on behalf
of themselves, the International Financial Society,
the SociftS Oindrale de l'Empire Ottoman, and
others, have notified that, under the powers given
to them, they are prepared to receive subscriptions
at the price of 861. for each 1001. stock. The in-
stalments extending to April, 1865, and discount at
7 per cent. being allowed on payments in anticipa-
tion, while the interest dates from the Ist September
last, the price of issue becomes equivalent to about
83 per cent. The sinking fund is 2 per cent. per'
annum, applicable by annual drawings, and the
lloan thus shows a return of about 10 per cent per
annum for the 221 years of its currency. The in-
terest and sinking fund, both of which will
be payable in sterling by the Imperial Ottoman
Bank in London, are specially secured by a first
charge upon the Customs revenues of the Princi-
palities, which will be payable by monthly instal-
ments. These revenues are estimated to produce
332,1001. for 1886, while the charge of the loan is
only 82,4481. From a statement with which we
have been furnished we gather that this is the first
foreign loan which the United Danubian Principali-
ties have contracted ; that there is no internal stook
existing ; and that 80 per oent, of the entire loan
is to be applied for the indemnity to be paid for
the secularisation of the convent property, by
which means the revenue of the government will
be increased to a much larger extent than will
their expenditure be by this loan. It is also pointed
out that, notwithstanding that the loan is of a very
small amount, ft ham been contracted for conjointly
by several powerful establishments and houses in
order to prevent an undue competition.

We understand that a new Danish Loan for
728,006/. of 5 per cent. sterling debentures will be
announced on Monday. The loan is to be redeemed
in 25 half-yearly payments, and has been taken at
941 per cent, by Messrs. R. Raphael and Sons.
No gold was sent into the Bank yesterday, but
182,000 sovereigns were withdrawn for Alexasdria.
The recent supplies from America have also been
purchased for the Continent.
The tendency of the foreign exchanges yester-
day afternoon was rather unfarourablo to this
oountry, bills being in fair demand. The 1i tis
subjoined :
Amsterdam, 3 mouths, 11191 to I ditto, 3 dart,
11.141 to 15 ; Rotterdam, 3 months, 11.191 to f ; Ant-
werp. 3 months. 25.60 to 65; !lambert, ms. beano, 3
months, 13.81 to 9 : /earls, 3 days, 25.15 to M ; ditto, 3
mos:hr, 23.571 to 621 ; Frankfort-oa.the-Maine, 3 month;
1231 to i Bt. Petersburg (per rouble), 3 months, 29f le I;
Vienna, if, do.. 3 months, 12.5 to 10 ; Trieste, eL
3 months, 12.3 to 10; Madrid, 3 mouths, 461 to ;
Clad* 3 months, 4:4 to 47 : Leghorn, 3 mouths. 25.75 to
80; Genoa, 3 months, 25.73 to 80 ; Mills 3 mediae,
25.75 to 80 ; Naples, 3 months, 25.75 to ; Pakenm,
3 months, 2.375 to 80; Messina, 3 months. 25.75 to
80 ; Lisboa. 90 days, 51 to 1 ; Oporto, 90 dam, 51 to t.
At Paris the rate of discount in the open market
is now Of per cent. ; Brussels, ; Amsterdam and
Berlin, 7 ; Vienna and St. Petersburg, 6 ; Ham-
burg, 3 ; Turin, 61; and Frankfort, 41 per cent.
At an adjourned meeting yesterday of the creditors
of Messrs. Manning and Collyer, hemp and jute
brokers, the liabilities were stated by the inspectors
at 14,2721., and assets at 2,7251., as against the
respective totals of 10,6521. and 4,7241., reported at
the previous meeting, showing a reduction of from
9s. to 3s. 94.1. in the 1/. It was resolved to wind-up
the estate under inspection.
At the annual meeting of the Clerical, Medical,
and General Life Assurance Society, held yesterday,
' the directors' report for the year stated that the
new policies effected were in number 466, and in
amount 271,4401. • and the annual premiums pay-
able thereon 8,75 k The income Wdo 201,8501. ;
the claims paid, 115,8731. ; the surplus income,
60,1361. ; and the assurance fund, 1,446,6001.

FRIDAY EVIIIIIIIO.

Consols, which closed yesterday at 891 " buyers,"
ez div., for the Bth Dec., opened this morning
at the same quotation, and, after touching 891,
" buyers," closed at 891 to 1. For money the last
price was 91 to 1 with div. The official business
repo-t is as follows :—Three per Cent. Consols,
for money, 911, 91, 1, 91 • ditto for account,
891, • Three per Cents. Reduced, 891, 881, 891;
New Three per Cents., 89, 881, 891, 88i ; New
Two-and-a-Ha:l per Cents., 72 ; Bank Stock, 239 •
India Five per Cent. Stock, 1061, 106, 1; ditto;
Four per Ceut. Debentures, 1866,971 ; ditto Bendel
be. prem., par ; Four per Cent. " eufaced " rupee
paper, 89; ditto Five-and-a-Half per Cent., 110.
In the foreign stock market there was an im-
provement of g per cent. in Turkish Bonds of
1858 and Portuguese, but a reduction of about
per cent. in Peruvian, Venezuelan of 1862 and
Spanish Three per Cents., I in Italian, and 1 in
Spanish Passive Bonds and Certificates and
Turkish Conaolidia.

The Caledonian Railway traffic return shows this
week an increase of 1.997 E over lest year.

MINES.--(THIR DAY.)

Two *Timm.

There is very little business in the mining market
to-day, aud, with a few exceptions, prices are
quoted the same as at 4 o'clock yesterday. Great
\rot. shares are in request at 33i to 34k, and Pro-
vidence at 37 to 39, showing a rise in each case.
East Grenville are called 32 to g, being flatter ;
Wheal Grenville, 5 to ; and East Lovell, 15 to
1. East Russell shares are officially marked 5.
Foreign and colonial mining shares ex!tibit no
movement.

The subjoined weekly summary of the metal
market is extracted from the circular of Messrs.
von Dadelszen and North :
The metal market hag been very quiet since our last re-
port, sad prices are barely maintained. Consuming only bay
for their immediate requirements, while exporters and specs.
laton operate with the utmost caution. The reduction is
the Bank rate of discount to 7 per Bent. will doubtless assist
the market. Iron—Welsh bars remain unchanged in vales,
at 71. per ton tab. in Wales. Staffordshire iron is steady,
and io fair demand. Scotch pig boo, in spite of large ship-
ments and a redaction in the Bask minimum. remaiso
almost stationary, idolise at Me. cash and .its. 41d. one
month. Copper —The market has been steady, and the
inquiry for manufsictursd has somewhat increased. Smelters
now ask 99!. Tough is steady at 89!. to 90/. ' • and beet
select, 92/. Foreign ia held more firmly : Kepuoda, 951. ;
Burrs, 9M. paid ; Waikato, 921. Chili is firm at t2l. Tin—
Straite has changed hands as W. sad 911. 10a. for cash, and
961. 10e. for,foll prompt, at which, however, it 3s diflicuNto
bay. Bones, 93!. 10a. to 96/. The Dutch market is firm at
5S 6. English in fair demand. Tin Mates—The demand
hen somewhat improved.; and several purchases made for
Ainerioa. Lead—No change has taken place. Spelter—Tha
market has been very quiet, aad but little bosioiss re-
ported. London paresis are held for 211. ix to 21/. 10e.,
sad special ballade in Hull, 221.; commas, 211.10 a. ; W.H.,
221. 6a.

Tlie directors of the Devonshire Great Consoli-
dated Copper Mining Company, at their board
meeting, held yesterday, declared a dividend of
10,2401., being 101. per share, arising from profits
on sales of copper ore sampled iu the mouths of
July and August last. After payment of the as..
there remains in hand a balance of 25,8381.
in cash, ore bills not at maturity, and reserved
fund, applicable to the general purposes of the
company.