The Express.
London, England, 1863-06-12 00:00:00

Bo,—l have within the last few days received assuranors
from the imperial government of Austria th►t the undertak-
ing founded upon the concession about lobe granted so Baron
Thierry, the statutes for which will in a few days
be submitted to the Emperor for his sanction,
in the only institution for which the sues-
eery forms h►ve been complied with, and which is
in • condition to be brought out as under go-
vernment auspices in Austria. I have therefore
to give an unqualified ooetradiction to the state-
ment in your paper of the Bth instant, purporting to come
from Vienna, that • project called the Anglo-Austrian
Bank will be immediately announced under government
auspices in Austria. I have likewise to give a wellies
denial to the statement that the institution promoted
by my firm ban no privileges, as its name
but is an ordinary banking project. When the
eonousion is seen it will be found, on the contrary, that the
li privileges are of • very important character.—l am, Sr,
Your obedient servant, _ _

Wield)

WALTER T. FAwcsrr.

The fortnightly settlement in shares and foreign
stocks will commence to-morrow ("continuation
day "), and terminate on Tuesday.
A further sum of 55,0001. in gold was sent into
the Bank yesterday.
The North American, from Quebec, has brought
12,0001. in specie.
We understand that the French government have
given instructions for the manufacture in this
country of a submarine cable of about 115 miles in
length, to connect Oran, in Algeria, with Cartha-
gene, in Spain. The electrical conductor will be
covered with a coating of india-rubber instead of
gutta percha, which bas hitherto been generally
used for the purpose. The result will be watched
with some interest by those connected with tele-
graphy, it being considered by some that India-
rubber has not hitherto had a fair trial in connexion
with the manufacture of submarine cables.
The Lancashire and Yorkshire Railway traffic
return shows this week au increase of 2,206/. over
last year ; the London and South Western a de-
crease of 382/. ; the North Eastern a decrease of
1,8651. ; the Great Western a decrease of 4,048/. ;
the Midland a decrease of 3,6541. ; the Manchester,
Sheffield, and Lincolnshire a decrease of 5871. ; and
the Great Northern an increase of 2291.
The receipts of the Great Western Railway of
Canada for the week ending the 29th of May were
10,2651. sterling, being 1,6591. more than in the
corresponding week of last year.
A general meeting of the shareholders of the
London and Brazilian Bank (Limited) will be bald
on the 26th inst., to confirm the resolution for an
increase of the capital, and for carrying out the
arrangement with the Anglo-Portuguese Bank.
At the second ordinary general meeting yesterday
of the Westminster Brewery Company a dividend
at the rate of 6 per cent. per annum was declared,
free of income tax, leaving a reserve of 1,7001. The
balance available for dividend was stated at 3,9501.
It appears that the Liverpool Corporation have
resolved to dispense with private suretyship' on
the part of their officials, and in future to require
from each a guarantee policy in the European
Assurance Society, the members remarking that
"private guarantees are often found wanting when
they should be forthcoming."
With reference to the market for American
securities Mr. E. F. Satterth smite reports as follows :
Since our last, of this day week, the market is Loodoe for
American securities has been less active than for some
weeks previous. °waters in Illinois shares are waiting
the result of the attack upon Vicksburg ; which place
forms the key to the free navigation of the Mississippi
river. United States Bonds continue in good dinned for
Amsterds-n.
The following is Messrs. Culverwell, Brooks, and
Co.'s report of yesterday's hide sales :
At the eleventh series of hide Wes only a moderate de-
mand we. experienced for East India kips, and salted
hides were doll of sale. FAA India—Ox and Cow: Cal-
cutta of good quality were in fair request at late rates ; and
upon heavy hides we have to Dote en occasional advance of
td. to odd. per lb. ; bat for middling and common descrip-
tion@ the demand was moderate, sod in some mew former
prices were barely supported. Madras, Pondicherry, is.,
sold at about late rates. Ths analysis of the sales is 104,697
Calcutta new parcels. 35,830 brought forwsrd from earns,
and 14,123 Madre', Pondicherry. lee., in all 154,650 hides,
of which 96,670 were sold. Boat India—Buffalo were mostly
bought in. Leather—Pest Indian sold well; Australian
was also in good demand, at rather advanced prices.
Salted Hides —Australian wee in limited request, sad
meetly bought in. The few sold were at rather earner prices.
Cape were all mold. Dry Hides—Caps brought previous
rates. Bark—Minium was in limited request at about
late rates.
The return of the Bank of England for the week
ending Wednesday, June 10, compared with that