The Express.
London, England, 1865-12-18 00:00:00

((ONLY NARKET.-(TEDI DAY.)

Oite o'Cnocg.
The stock markets to-day are generally dull,
partly, perhaps, in consequence of the fog, and in
some measure owing to the usual indisposition to
enter into new engagements so near the close
of the year. English government securities
are steady, but with few dealings, and
speculation is quiet in foreign stocks. The
President's message to Congress is generally spoken
of with approbation for its moderate character,
and American securities have improved in cense_
quence. English railway stocks command only a
moderate share of attention, and prices show no
general change. Metropolitan Railway stock, how-
ever, has advanced. Bank and miscellaneous shares
remain dull.
The discount market is quiet to-day, and there
being a good supply of money seeking employment,
first-class bills are more freely taken at six per
cent , the Bank minimum. in the crock Exchange
short loans on English government securities are
obtainable at 4 to 5 per cent.
Commis are now quoted 871 to ii, ex div.,
for money, and 871 to 1, ex div., for the account
(January 9).
Operations in foreign securities are moderate in
number, and of no special character or importance
in any instance. Greek bonds are fiat, and Spanish
weak. Turkish Five per Cents. are 1 per cent
better than on Saturday afternoon. Some of the pre-
sent quotations are subjoined, viz. :—Greek,
141 to 15 ; Turkish Five per Cents.
of 1865, 431 to 1 ; Spanish Passive, 271 to
1 ; ditto Certificates, 1.41 to i ; Confederate, 71 to
84 ; Brazilian scrip, 11 to / prem. ; and Mexican,
241 to 1.
United &atm 5-20 Bonds continue in active
request, and show a fresh rise of 1 per cent., the
present quotation being 66 to 1. Erie Railway 1
shares are also better, at 581 to 59 ; and Illinois
at 82to1.
The subscription list of the English and Ame-
rican Bank opened this morning at 9 o'clock at the
Union Bank of London, and so great became the
rush of subscribers to the 5,000 shares offered to
the public, that a notice had to be posted up that
no more applications would be received. I
International Financial shares are now quoted 1
1 to le prem. ; General Credit, 2 to 1
prem. ; London Financial, 51 to I prem. ; Impe-
rial Mercantile, 21 to 1 prem. ; Credit Foncier
and Mobilier of England, 31 to 411 prem.,
ex all; Overeni, Gurney, and Company, 51 to 1;1
prem.
The shares of the Colonial Company are quoted
11 to 2 prem. ; London Steam Towing, 11 to 2
prem. ; Charles Witte and Co., 2 to 21 prem. ; and
Commercial Company of Africa, 1 to 1/ prem.
About 36,0001. in bar gold was withdrawn from
the Bank on Saturday for the Continent.
The steamer Shannon will take to-day 2,5001. in
gold and 2,2001. in silver for the West Indies.
it was recently announced that the Stock Ex-
change Committee have refused a settling day, in
the shares of the Anglo-Greek Steam Navigation
Company (Limited). in the absence of information
upon the subject, there is, of course, no disposition
to assume that this decision has been based upon
other than valid grounds. In the interest, how-
ever, of joint-stock enterprise, and of the committee
itself, it is essential that in this, as in all cases of
the kind, the committee should state, if in a brief,
still in an intelligible manner, the motives of the
rejection. How can the public be expected to up-
hold and respect such decisions unless they are in-
formed why they have been arrived at I Again,
it is desirable that the promoters of future
joint-stock undertakings shall have a warning
impressed upon them, but they can scarcely avoid
the errors committed, or assumed to have been com-
mitted, by the promoters of this Anglo-Greek Steam
Company, unless they are plainly informed in what
those errors consist. Inquiry fails to elicit from the
committee the nature of the promoters or directors'
offences in this instance, and the directors, we be-
lieve, profess themselves unacquainted with the
motives of theresolution recently levied against them.
The public are doubtless ready to infer that the
causes are adequate, but information on this point is
required as a mere measure of justice to all parties.
The Stock Exchange is a close body, and the com-
mittee may be said, from the point of view of the
public, to take evidence in secret session. From the
satnre of the institution, this may be allowed, but
when the committee promulgate their decisions,
which are presumably based upon the evidence
adduced before them, the veil of secrecy ought at
least to be removed, so far as the interests of the
Stock Exchange and of the public plainly demand.
A circular recently put out by the Royal Sardi-
nian Railway Company announces, in the following
terms, two withdrawal of the issue of preference
shares, ch it was proposed to make under the
shareholders' resolution of the 15th of May last :
The council of the Royal Sardinian Railway Company
hereby notify to the shareholders that, inasmuch es the
applications received for the preference shares which were
suthorimed to be issued by a resolution of a general meeting,
held on the 15th Ray last, have sot proved sufficiently
numerous to accomplish the purpose for which the meeting
mithorieed them, no issue of such preference shares will at
present take place. Persons who have paid a deposit for
these Mares cenhave it returned on application at the offices
of the company on delivery of the banker's receipt.
A general meeting of the shareholders of the
London Joint Stock Bank is called for the 18th Jan.
The annual meeting of the Oriental Inland Steam
Company (Limited) will take place on the 29th I Mr. Clay, M.P. for Hull, has intimated to the
instant. secretary of on. of the reform associations in that town his
The second ordinary general meeting of the Lon- intention, early is the ensidoesessioe, to introduce a reform
don and Liverpool Hotel Company (Limited) is bill, framed in the spirit of the speech be delivered on the
called for the 22nd inst., when a dividend is to be subject just before the last election. Rt. Clay then pro.
of
declared. pooped to give votes to persons who pass as examination
The transfer books of the A shares of the Northern the kind required foe tide waiters.
Aemm Tea Company (Limited) are to be closed from The parochial authorities in York have made the
the 26th inst. till the 2nd prox., to enable warrants unpleasant discovery that an saristerit overseer bus been for
to be issued for the guaranteed 10 per cent. divi- some time carrying on a system of forgery and embezzles
dend. A call of 21. is to be paid on the B shares of meld. It appears that he has laid rates without the
this company by the 15th January. authority of the overseers ; that the rates were larger
The General Irrigation and Water Supply Com- than the requirements of the perish called for ; that the
pany of France have notified that the warrants for surplus has gm* into the pocket at the assistant overseer ;
the payment of interest at the rate of 8 per cent. and that to effect this purpose, he has systematically for
per annum, for the half-year ending 31st inst., will several years past forged the names of the overseers and
be sent out on the 30th. churchwardens. The delinquent bee absconded.
The arrangements are notified in connexion with Hamm Foo.—(Tets Day.)—From an early hour
the payment of the interest on the shares of the this (Monday) morning the metropolis ms• lope'enve in a
rd Eon Paulo (Brazilian) Railway Company. dense fog, which for !some time put • atop to all teals-
The International Laud Credit Company an- boat traffic on the Thames. The traffic in the principal
flounce that iuterest for the past year on the paid th_Vernrrij: police clcotYZlLf°r:"'"•VmmlsoratlY im:
up capital at the rate of 6 per cent. per annum will I gi„, the poring of vehicles. From ba
thet Surrey
be paid on the 2nd January. Theatre to Webber.street the fog was so great hat vehicles
It is notified that the coupons on the undermen- Pend slotei with greet danger.
tinned securities of the Atlantic and Great Western
Railway, viz., the New York Division, First Mort- bod_The Cattle Plague has shown itself again (says the
AberdeeLiHefarrfeliode Citirl."Parabe P I aasentt halos and totb; IL
I& gage Bonds, and the Pennsylvania and Ohio Divi- !in Buchan—more than sufficiect vindication of the stringent
'ions Second Mortgage Bonds, will be paid on Mon- 1 promotions that have been hikes ID Aberdeenshire. The
day, the Ist of January, at the rate of 4a. to the increase is the revises of the disease is now most oonspi.
dollar, at the Consolidated Bank.
Messrs. Glyn, Mills, Currie, and Co. have an- . coons in Scotland. In Kincardineshire matters aro as.
mining • serious aspect ; and in Forfershire the weekly
1 loss, in mere cash value of cattle, is estimated to have
flounced the dividends due the let proximo on the averaged for some weeks
IVER beer abouZOOLOGICAt 6.0001. per week.
GARDENS.
Turkish Loans of 1862 and 1863.
SALE Or PRE POOL L
.We understand
Messrs. C. J. Hambro and Son have announced
the interest due the Ist proximo on the Danish 5 , hrws,
which
per cent Loan of 1864, and the Italian 5 per cent. ' :61.,:tive.,
ptw-
Loan of 1862.
are
The guaranteed interest on Zealand railway laid
shares is advertised. oat
ii th:s Vile:m:l"st deoljdotis a land company,
the 'entire of their interest in tshelePre.
1 Dirty in question. The are& will be immediately
for building purposes, sad we learn that
through the contra of the grounds there will be a street in
The half-yearly dividends are announced on For- continuation of Brougham sod Wellington terraces, which
will run in an easterly &motion from that neighbour's:ode
tuguese Three per Cents. ' ultimately forming &junction with Shiel.ro&d. The expo.
The following weekly review of the produce cation have taken a portion of the
treetfrontage, between the
market is from Travers' widening the road.—Liverpool Albion.
Circular : minims to the gardens an, with the view ot
• Notwithstanding the uncertainty in the discount market
the pries' of most articlee of products have been well main- TES ALZIANDB.A TRRATRE AND OPERA Hors;
Mined. Coffee continues to show firmness. In tea the LIVCRPOOL. —We are glad to learn that a large number ot
transactions have been active, at occasionally • very slight additional shares having been subscribed for. the building of
reduction. Sugar was dull at the commrsimmett, but • the theatre will commence immediately. It is understood
better tone prevailed at the close. Rice is without altars. that the foundation stone will be laid ea the 17th Jemmy.
hon. In !saltpetre some transactions have taken place at by Madame Tithes, &misted by other distinguished artistes.
rather higher rates, sod in the spice market white pepper The Alexandra Theatre 'Awe expect, be the meet elegant
has experienced a further advance. and comfortable house in the kingdom.—Liverpool Albion.

to 3e.. die.
In the foreign stock market the transactions
' were upon a limited scale, and the only movement
of importance was a fresh fall of i per cent. in
1 Greek Bonds, the holders of which show ex-
treme discouragement in consequence of the long
and harassing delays to which they have been sub-
jected. Even such information as might readily
be accorded to theta seems to be withheld : thus,
for instance, it is asked, why do not the Bond-
holders' Committee issue some public statement
of the object and results of the interview which
they, represented by a deputation of their Dumber,
had with the Earl of Clarendon at the Foreign-
office on Wednesday last ( Italian Stock and Turk-
: 1 ish Bonds of 1865 improved i per cent, and T arkielt
' Bonds of 1862 I, while Spanish Certificates de-

dined i.
A fresh rise of ?, per cent. has taken place to-day
in United States J-20 Bonds, the President's mes-
sage being regarded favourably, and a further
stimulus being given by the tenor of the private
advices from New York. Other American securi-
ties were firm. The following were the latest
prices, viz. :—.).20 Bonds, 651 to i ; Erie Railway
shares, 58i to ,4 ; Illinois Central, 811 to 82 ;
Atlantic and Great Western Railway Debentures,
84 to 85 ; ditto, Mortgage Bonds, scrip, 1 to li

prem.
The shares of the financial companies were firmer,
and in several cases improved about 2s. 6(1.
Credit Fonder and Mobilier were promi-
nently better. The closing quotations were
as follows :—lnternational Financial, Ito 1
prem.; General Credit, 2 to 2k prem. ; London
Financial, 6} to / prem. ; Imperial Mercantile
Credit, 2g to prem. ; Credit Fonder and Mo-
bilier, n to 4 prem., ex div. and new ; and
ditto new, 31 to prem.
National Discount shares were last quoted 12k to
prem. ; Joint Stock Dismunt, 1 to 1 die. ; Hud-
son's Bay, 161 to 17, showing a relapse of
2s. 6d. ; and Ottoman Boci4t6 Genirale, 31 to
prem., being again higher. The shares of Overend,
Gurney, and Co. were rather firmer, closing at
51 to 6 prem. As regards other undertakings in
the miscellaneous list, the only variation was a
decline of 108. in International Contract. The
shares of Hewitt and Co (Limited) were quoted 1 to
11 prem.
The closing (but in some cases nominal) quota-
tions for shares in new undertakings were as follow:
Colonial Company, 1 to lk prem.; London Steam
Towing, Ito 2 prem. ; Charles Lathtte and Co.,
2 to k prem. ; Anglo-Romano Water, 2 to 2k
prem. ; and Railway Finance, I.* to 2i prem.