The Express.
London, England, 1865-12-29 00:00:00

Dee. 28, 186&

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10,0
11,6
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10,C
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40,!

187,171

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...-
Ltaisaroot, Dec. 28.-bales to-day : Great Eastern, 421-London
and North Western, 124 651 1-Metropolitan, 1581-South
Eastern, 74 e Si 4 81-Bnifalo and lake Huron, 6 5-16 }-
Grand Trunk of Canada. 341 c 1-Frie. 571-111inuis
Central, 801 c 11-tinned States 5-20 Bonds. 6441--North Western
Bank .Limitedl, 4 p -Union Marine (limited), 11 c p.-Atlantic
Telegraph 8 per cent, 21-Nstioaal Steam (limited), 11 1113 I 6
1 2 1 15-16 2 d.
311SCHESTER, DEC. 26.-The market was quiet, and priced
were bett,r at the do,. Erica, 5S -Great
71 1 Northern A,
1451 6-Grand Trunk of Canada, S4l 411 1 --Great Western,
581 -Illinois, 81i
-Lancashire and tiOrkahlre, New 1866 prefe-
rence, 1.16 n. p. -London and North Western, 126-Msncheater.
Sheffield, and Llisrolualitre. 871 1-Me Stan, 1381, 1-Kid-
land, 124-South Eastern, 724 1 t 1 31 1 1-Thames and Mersey
Marine Insurance (Limited), 6 7-16 P.- United stares 530 Years'
Ronda, 641-District Bank, IS; p -atlantic Telegraph, pref.,
13-16 -Union Bank, p. -Erie Scrip Bonds, 11 p.
hiItIoNGH AM. Dec. Ed.-Business done : Birm Canal, at
85-Birmingham Bank, at 3,1-Birmingham Town ingham
and District
Bank, at 15 - and Shropshire Bank, at 61. 13s- 9d. per share.
Closing prices Birmingham Joint Stock Bank, 371 to 381-Me-
tropolitan Railway Carriage and Wagon, third lune, 1 to 1 dia.
-South Staffordshire Waterworks, 7, to 71-General Steam Ns-
tigatlon, 261 to 27-and haute's Metal. 11 to 11 as.

TESTIMONIAL TO THE HON. GEORGE DENMAN.
Yesterday afternoon the liberal electors of Tiverton pre-
sented their late representative, the Hon. George Diemen,
with s handsome service of plate. The ceremony of present
tation took place in tlyi Town-hall at 1 o'clock, the place
being crowded. Amongst those present were J. H. Amory,
Esq., chairmen, president of the Tiverton Liberal Astacus-
tion ; Mr. W. Kiogleks, DLP.• Serjeant Kinglike, Mr.
Morrison, M.P.; Mr. Barclay. M.P.; Mr. Aclsod, 11. P.; J.
Tyrrell, E-q., recorder of Tiverton; Mrs. Denman,
Mrs. Amory, Kr. Rowe. late mayor, and several ladies.
After the presentation of the testimonial &dinner WU given.
The company were addressed by Mr. Denman. Mr. Cole-
rdge, M.P., Mr. Aclend, M.P., Mr. Morrison, M.P., Poe-
joint Kinglike, M.P., end others. The subject of par-
liamentary reform was discussed at great length, sad en
nosnimous feeling expressed that every libeeal should sup-
port the government in carrying out a compreheasive
measure. Great enthusiasm prevailed.
THE LATE FRAUDS BY HOYEBSAL MANITIACTI7-
RIB-S.—Yesterday, Walter Blackburn, brother to the menßlßS.—Yesterday,
composing the firm of G. and J. Blackburn, sloth emu-
lecturers. Gomersal, near Leeds. adjudtrated
some time since, in consequence of their having =sl
to America, and taken with them large quantities of goods,
with the view to defraud their creditors, was brought be.
the Dewsbury beach, oe a charge of conspiracy. Mr.
Bold, of Leeds, prosecuted, sad the prisoner was defended
by Mr. A. Granger. It was made oat that the prisms, had
acted in (mead with his brothers, and had bought from
them large quantities of goede when in America, end give,
in payment bills lit twelve months. lie had DON: ma'am
any goods before, he had no rails, and had wanly base
employed as an ordinary workmen. The bench sonsinitted
him to the assizes for conspiracy, but agreed to isooopt boil,
himself in 1,0001., and two aunties of 5001. mob.

The memorial in favour of closing the Stock
Exchange on Monday next (Neer Year's Day) has
been signed by about 500 of the members of that
establishment, and will be taken into consideration
by the committee to-day. Seeing the general
nature of the holiday observed on Tuesday last,
many persons consider that the committee made a
mistake—besides setting a bad example—in keep-
ing the Stock Exchange open on that day. The
memorial above referred to is thus d propos, as
suggesting a fair compensation to those who were
deprived of the customary relief from business on
the day following Christmas-day.
THWIEDAT Brume.
Consols, which closed yesterday at 87a to it ex
div., for the 9th January, opened and closed to-day
at 871 to I. For money the last prioe w
to as 874
1. At one period the prices were a per cent.
below these rates. lb. official business report is
as follows :—Three per Cent. Consols, for= money,
871, •; ditto, for account, 871 ; Three pe Ceuta.
Reduced, 862, 1 ; New Three per Cents., 861, I,
; Annuities, 1880, 13 11-16 ; ditto, 1886, 19a ;
India Five per Cent. Stock, 1021, a.
Bank of England stock declined 1 per cent.,
closing at 243 to 247.
Indian government securities were quiet. Ex-
chequer Bills were unaltered at de. to 2e. die.
In the foreign stock market the transactions
were upon a limited scale, and the general course
of prices was again unfavourable. -Buenos Ayres
Deferred Bonds declined 1 per cent. ; Russian of
1822, ; Mexican, Turkish of 1862 and 1865, Ita-
lian of 1865, and New Grenadian, 1 ; and Bra-
zilian scrip, A. Spanish Passive Bonds and the
Committee's Certificates were in exceptional request,
and rose a per cent.
Bank shares were quiet, and very few variations
occurred in prices. Chartered Mercantile of India,
European, and South Australian Bank advanced,
while London and Brazilian declined.
The shares of the financial companies were
little dealt in, but there was a recovery of 7s. 6d. in
London Financial. Imperial Mercantile Credit, on
the other hand, declined 2s. 6d. The closing
quotations were as follows :—lnternational Finan-
cial, 1 to 14 prem.; General Credit, 2/ to a. prem. ;
London Financial, 41 to 1 prem. ; Imperial Mer-
cantile Credit, 2a to a prem. ; Credit Foncier and
Mobilier, to prem., ex div. and new.
National Discount snares were last quoted 114 to
124 prem., showing a alight fall ; Joint Stock
11 to 1 din. ; Hudson's Bay, 16k to 1 ;
and Ottoman Socidtd Chnirale, 34 to 4 prem.
The shares of Overend, Gurney, and Co. were
steady, closing at 64 to a prem. Ebbw Vale im-
proved, but Australian Agricultural, Egyptian
Commercial and Trading, and Union Marine In-
surance receded. The shares of Hewett and Co.
left off at / to 11 prem.
The closing (but in some cases nominal) quota-
tions for shares in new undeitakinp were as follow :
London Steam Towing, 1 to 2 prem. ; Charles
Laffitte and Co., 2 to 24 prem. ; English sad
American Bank, 12 to 2 prem.; Anglo-Romano
Water, 1/ to 24 prem.
American securities were in demand, and a re-
covery took place. Illinois Central Railway shares
were in prominent request, and impravell 1 per
cent. Erie also advanced a, and the 5.20 Bonds 2.
The following were the latest prices, viz. :-5.20
Bonds, 6414 to 654 ; Erie Railway shares, 571 to 1;
Illinois Central, 81 to 4 ; Atlantic and Great
Western Railway Debentures, 84 to 85 ; ditto
small, 85 to 86 ; ditto, Mortgage Bonds, scrip,
to 11 prem.
Mauritius Government Debentures declined 1
per cent., owing to the announcement of a fresh
issue. Victoria debentures also gave way to the
extent of / per cent.

(the amount held on Wednesday evening), being
a difference of 1,061,9301., and the reserve has
id fallen from 8,531,0721. to 7,591,2671.—a reduc-
tion of 939,8051. Of this diminution, 469,3071. in
the coin and bullion and 569,5321. in the
reserve ilea taken place in the week ending Wednes-
day. The Bank directors doubtless consider that
they would not be justified in allowing the draught
upon their resources to proceed farther without
applying the usual corrective. In former times s
7 per cent. rate of discount would not have been
resorted to with nearly thirteen and a half millions
I of coin and bullion, and upwards of seven and a
half millions of reserve ; but it has become evident
during the last year or two that the Bank
directors have determined to put a more
stringent interpretation upon the provisions of
the Act of 1844. To the operation of this law
is almost exclusively due the fact that the
value of money is now, and has been for some time
past, considerably higher here than in the other
great markets of Europe. The Bank directors, of
course, are not to be blamed, because they have only
to deal with the law as it exists, but the effect is
none the less hard upon the trade of the country,
and surprise can scarcely be felt if it provokes some
impatience, especially considering that the amount
both of the bullion and of the reserve is far in excess
of all probable requirements. The period selected
for the alteration is certainly inconvenient, as many
financial calculations in the final closing of the year's
books are thereby disturbed. As most of the banks
and discount establishments, in settling the year's
accounts,take the rebate at the Bank of England
rate of the day, a sum of rather considerable
amount in the aggregate, which would have been
distributed as dividends in January and February,
must now be held over for at least six months.
The fact that considerably less than one-half of
the amount of the decrease shown in last night's Bank
return is traceable to a foreign drain, suggests the
somewhat encouraging inference that the present
rise in the value of money will give an impulse to
die
the exchanges. This may afford some compensa-
tion for the otherwise less favourable financial
condition in which we are about to enter upon the
business of the new year.
Some curiosity is expressed to learn whether the
Bank of France will follow the movement taken
by the Bank of England. It seems scarcely
possible that the rate can remain in Paris at 4
per cent. while our charge is 7.
The City of New York has brought 80,5001. in
specie from New York, and the Bremen, 52,0001.,
for England. There were again no bullion trans-
actions at the Bank, but, the above-mentioned sup-
plies from New York were all taken for Paris.
There were fewer transactions in the silver
market yesterday, owing to the rise in the value of
money, but the quotations for bar silver and Mexi-
can dollars remain firm, at the advance of Wednes-
day. A large amount of silver has been purchased
for transmission by the next steamers to Bombay,
whence the exchange comes quoted, under date of
the 26th instant, lees favourably for England, at
2s. 2d., as against 2e. lid., the rate received on
the 21st.
The directors of the Anglo-Italian Bank have
announced a call of 5/. per share (making 201.
called), payable by Saturday, the 27th January.
This call is rendered necessary by the extension of
the operations of the bank, and by: the opening of
new branches at Naples and. Genoa.
The Lancashire and Yorkshire Railway traffic
return shows this week an increase of 6,4821. over
last year ; the London and South Western an
increase of 3,591/. ; the North Eastern an increase
of 9,9681. ; theNoth British an increase of 2,502/.;
the Manchester, Sheffield, and Lincolnshire au
increase of 3,5631. ; the London, Chatham, and
Dover, including the Metropolitan Extension and
branches, an increase of 2,1521. ; the Metropolitan
Extension an increase of 1,2251. ; and the Kent
Coast an increase of 3601.
The traffic returns of the Northern Railway of
Buenos Ayres for the four weeks ending Nov. 11
give a total receipt of 2,7671. aa against 1,9851. for
the corresponding period of last year, showing an I w
AT STOCK, &C., IN THE METROEOLTTAN CATTLE
increase of 7821- lIAR6CT.—The total supply of all kinds of fat cattle, &c..
The fifth ordinary general meeting of the West- I has been lees during the present mouth as compared with the
miuster Brewery Company will be held on the 4th markets of the previous month, and the importatios of
It is announced that the transfer books of the di, (Tehorods o Beasts 27 and
of January, when a dividend will be declared.
supply daring eight e snsi:trkierwcii:a7L, diecocrletrve 3.:156e, total
Imperial Mercantile Credit Association will be oat of which 8,327 were foreign animals ; the sheep
closed from the 10th to the gird of January, both ' show comprised 104,there090 head, and
caof
vethis
xnumber
itedr
days inclusive. , 32,380 were foreign ; were 1,72 l l* ehib
and which composed 1.562 Dutch sad other foreign breeds.
The return of the Bank of England for the week of piss them aid oat ot which 550
were fareiga
ending Wednesday, Dec. 27, compared with that importation. There have been 1,730 beasts, 30,567 sheep,
for the previous week, shows the following changes : 1,856 wires, and 938 pigs less la the total supply this
areelatka lam £27,339,675 Decrease 053,670 mouth than wore sold daring markets io November, lad owe
Cirenlation active 20,461,835 Increase 100,225 market day lei.
Public deposits
Other deposits .
Government securities in : prime, their ultimate destination being Gibraltar.—Dublin
banking department
Other securities in banking The question of smoking in the theatre has led
department 22,507,314 Immense 879,451 ito • species of compromise at the Grand Theatre. Amster-
Coin and bullion in both dam. As many of the visitors, particiduly the !adieu.
epartments
Seedm day mad other bilk 402,326 Deacon 20,129 smoking night" mid it was, on the whole, so soseessfal
The Rest
Notes in reserve
the
or
Total reserve (notes k coin) week set apart for these who do patronise emetic
ialmakiim department 7,591,267 Decrease 569,532 babanaL—Waskingtos paper.