The Express.
London, England, 1865-01-20 00:00:00

10717 NARILET.-(TRIB DAT.)

Two o'Ciace,
The stook markets opened this morning with a
dull appearance, owing to the languid condition of
buzinese, but have since become firmer. The funds
are now quoted at an improvement of per oent.,
and most other securities are well supported, at

yaitardsee quotations. Home railway dock in
two or this. oases, are rather better, especially

Metropolitan.
The demand for money to-day is moderate, and ,
good bills have been taken, in exceptional in-
stances, at 5} per cent. The rate in the Stock
Exchange, for short loans on Englieb government
securities, is 3} to 4 per cent., with little inquiry.
At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent. Restos opened at
66fr. 950., being 50. lower than yesterday.
Consols are now quoted 891 to 1, for money,
sad 89} to 90, for the account (February 9). The
°Geist business report is as follows :—Three
per Cent. Consols, for money, 89f, 4, 3 ; ditto, for
&coolant, 891 ; Three per Cents. Reduced, 881, f ;
New Three per Cents., 881, ; Annuities, 1886,
14 7-16, f ; Bank Stock, 243, 240}, 241 ; India
Stock, 213 ; ditto, Five per Cent. stock, 1031, ;
and Fachequer Bills, March, 4s. prem.
Foreign stooks are quiet. Turkish Bonds of
1862 have declined } per oent., and Greek and
Spanish Certificates 4, while Mexican Old
Three per Cents. have improved }. Some
of the present quotations are annexed,
viz :—Greek. Bonds, 23} to 2 ; Mexican, 27}
to I, ex div. ; Confederate, 55} to 56} ; Spanish
Passive, 33} to } ; the Certificates, 14} to 1 ;
Turkish, of 1868, 72 to } ; ditto 1862, 70}
to f , ex div. ; and the Consolides, 60 to }.
Transactions are recorded as follows :—Dutch
Certificates, 964 ; Egyptian, 100 ; ditto second
issue, 914, 99 ; ditto 1864, .951, 96 ; Greek for ac-
count, 232 ; Italian, for account, 641, ex div. ; ditto
Maremmana Railway, 681, ex div. ; Mexican, for
account, 27f, }, ex div. ; ditto, 1864, 26}, },
ez div. ; Portuguese, 1868, dm, for account,
47, en div. ; Russian, 1862, 89} ; Spanish
New Deferred, for account, 41, ex div. ; ditto
Passive' for account, 33} ; Turkish, 1858, 100/.
Bonds, 70} ; ditto 1862, for account, 701, ex div. ;
ditto 1001. Bonds, 701, 4, ex div.
. .

Egyptian Loan scrip is now quoted 1{ to 1 prem.;
Danubian, } dia to par; Monte Videsn, 31 to 41
prem. ; Italian, to 1 prem. ; and Atlantic and
Great Western Railway Certificates of Debenture,
1 to 11 prem.
Inlernational Financial shares are now quoted
to 21 prem. ; General Credit, 21 to 3
prem. ; London Financial, 81 to # prem. ;
Imperial Mercantile, 21 to 31 prem. ; Hudson's
Bay, 16 to 1 ; Anglo-Egyptian Bank, tr.
prem. ; Ottoman Sociith Wildcats, 14 to 2
prem., ex div. ; City of Milan Improvements, 21
to prem. ; and Darjeeling Co., }to / prem.
The transactions yesterday in the Italian State
Domain scrip were very large. It is understood
that the subscriptions from Italy already known
amount to between three and four millions sterling.
The amount of gold sent into the Bank yester-
day was 32,0001.
The City of Mancheater, from New York, has
brought 93,5001. in specie.
The steamer Poonah wiU take to-day 86,4411. in
specie, of which 17,5001. is for Alexandria, 5611.
for Madras, 54,6501. for Singapore, 10,9401. for
Hong Kong, and 2,7901. for Shanghae-20,061/. is
gold, and the rest silver.
The directors of the General Credit and Finance
Company of London (Limited) have decided to
recommend a dividend of 10s. per share, making,
with the 2s. of interim dividend paid in August, a
total dividend of 12s. per share for the year 1864,
being at the rate of 15 per cent. on the present
paid-up capital of 1,000,0001., or of over 18} per
cent. on the capital paid up on the average of the
year. In addition, the sum of 125,0001. is proposed
to he carried to a reserve fund, and 22,440/. of un-
divided profits carried forward to next year's ac-
count of profit and loss. The total of net profits
and premium on new shares is thus 297,440/., of
which it is proposed, in round numbers, that half
shall be distributed in dividend, and half reserved.
The general meeting takes place on the 6th of
February.
At a meeting of the general board of directors of
the Thames and Mersey Marine Insurance Com-
pany (Limited), held in London yesterday, it was
resolved to recommend a payment of Si. per share,
being 24. per share dividend, or at the rate of 10
per oent. per annum (the same as paid to the 30th
June last), and 4e. per share bonus, making in all
20 per cent. per annum on the paid-up capital of
the company for the year 1864.
The directors of the International Contract Com-
pany (Limited) have declared an interim dividend
to December the 31st at the rate of 6 per cent. per
annum.

At a meeting yesterday of the shareholders of the
Madrid Bank (Limited), the directors advised that
the undertaking should be wound up "voluntarily."
The Committee of the Stock Exchange, it was men-
tioned, have refused to recognise the company, in
addition to which there have been no subscriptions
front Spain, and the council of the bank in Madrid
(which claimed a supremacy over the London board)
has shown a disposition to undertake a class of
business involving great risk. A long discussion
ensued, during which the directors were strongly
censured for the manner in which they had managed
the affairs of the company. Eventually a resolu-
tion was unanimously passed appointing a commit-
tee of investigation, it being understood that the
Chancery petition shall stand over until the com-
mittee make their report.
Below we give the first report of the directors of
Financial Corporation (Limited), to be submitted
at the meeting on the 23rd inst. :
The directors have now the satisfaction of placing hi the
heeds of the proprietors the accounts of the Corporation
mode op to the 31st Deeember leek and duly audited. The
gross profits realised during the period the corporatism has
on Wainer (about ten months) is 31,836/: 9s.
After deducting the od interim dividend said in July last,
expenses of management es far es ascertained, 20 per amt.
of the preliminary expunge, and the rebate on carnet belle,
Arc., the net surplus amounts to 19,1281. Se. 10d. The
directors, having regard to the fit that many of the tiger
actions is rasp's:Sof which profits are brought into the pre-
sent account are not yet matured, and that some of the se-
cantles held have bees much depreciated by the recent
pressure as the mosey market, desire to retain a large pro.
portion of the above sum in hand ; and they trust the
proprietors will obeetially coacar in this precautionary inea-
sort, with a view to the future security of the undertaking.
The following apportionment of the net surplus is therefore
viz. :-4,568/. 31. 10d. for a dividend for the past
oed
ball-year, at the rats of 10 par cent. per annum on the
paid-apt:vital ; 10,0001. to the formation of a reserve feed,
and the hoboes of 4.560/. 2a to be carried forward to the
sect account. The directors have received various comm-
nioetioce from the proprietors regarding the depressed Ade
at the shares of the eorporatiou upon the market, aid 'as-
serting various remedies. They desire to state ease kr
all that the board gave its andiatakiag to the commitise
the Stork Raehaage sot to traffic in, or make Mennen
upon, its owe sham • and that nuderteldog hoe Mee
rigorously adhered to. Sines the 31st of December • sessf-
derable portico of the calls then in smear have been paid.
The asditors, Kr. Quilter sad Mr. Morgan, retire asessiss
to the articles of senossiatioo, but offer themselves foe ne-
electioa. The dividend warrants will be issued as MU Oa
possible after the meet*.
The Midland Railway traffic return shows this
week an increase of 2,2631. over last year ; the
North Eastern an increase of 1,2641. •, and the
Lancashire and Yorkshire all increase of 325 f.
The prospectus of the Darjeeling Company
(Limited) is issued. The object is to purchase and
develop three tea estates, two belougizg to the
Darjeeling Tea Company (Limited), and one belong-
ing to Mr. Z. T. Fitzgerald, the principal portion
being oontigeous to the station and sanatorium of
Darjeeling, in Bengal. It appears that these estates
easopriae an area of 9,578 acres, of which 2,088 are
already planted with tea. The purchase money of
the estates, buildings, and stock in trade is 200,0001.
-oneasistyto be paid in mit by insislatants

extending over eighteen moots and the other
!misty by 6,000 fully paid-up &MIS to be Wed
is three equal instalments, on Ist January, 1866,
Ist January, 1867, and let January 1868. Mini-
mum dividends are guaranteed by the vendors
severally for the first three years at the sate of six
per mat for 1866, seven per cent. tar 1866, and
eight per cent. for 1867, and a sufficient portion of
the purchase money is to be retained by the dine-
tors in order to secure the payment of those divi-
dends. The capital is 250,0001., in 12,600 shares
of 201. each, but, deducting the 5,000 shares re-
served in part payment of the estates, the number
offered to the public is 7,500, and of these 3,500
are already subscribed. The undertaking is re-
spectably constituted : three members of the
beard are already connected with the direction
of tea companies in India ; and to Mr. William
Roberta, the manager, is ascribed the credit et
having assisted materially in resuscitating the wed-
known Assam Company, the shares of which, after
falling at one period to Be. or Ns., have since
commanded 401. and 50/. per share.
An extraordinary general meeting of the Sn-
r and American Finance oration (Limited)
will be held on Feb. 1, to ooner "a proskmil
agreement entered into between the Public Works
Credit Company of London and Paris (Limited)
and the above corporation, and for confirming and
carrying the same agreement into effect, and for
the declaration of a dividend."
The first ordinary general meeting of the share-
holders of the North Western Bank (Limited) is
convened for the 30th inst., at Liverpool.
A general meeting of the Corsican and Mediter-
ranean Gas Company is to take plane on the 26th
Last
The Merchant Banking Company of London
(Limited) have made a call of 2E 10s. per share,
payable on the 18th of February.
The return of the Bank of England for the week
ending Wednesday, Jan. 18, compared with that for
the previous week, shows the following changes :
Crirenlation imam
Oirculatioa active 20,710,700 Imaresee 228,415
Public deposits 4,188,614 Deems, M 8,971
Other &emits
Goveeammt ascoriii
beating deperteasetss in11,023,211 No change
Othereeemritess sa bemiring
dspartateat
Oda and bullion in both
depirtansam
lievea dip sad other bills 513,148 Demme 17,345
The Rest 3.489,023 lasamme 64,232
Notes in reserve
Total remove (motes h erne
la banking depeasati . 8,107,527 DOMINI 157,678
The private deposits, which ware welled lam
week by no less a sum than 2,299,1891. by the
payment of the dividends, have now declined
1,516,151/. There is also • decrease of 258,9211.
in the government deposits. The falling off in the
Bank's discount and loan business, however, is
attested by the further diminution of 13568,6074 is
the private securities, and thus the decline in the re-
serve is limited to 157,6781. The coin and bullion
have increased 70,8371.

BANK Or BNOLAD.—A• A
mad eth Via., c.ll, tot tweak
MO.

barman to the Act TO
oodles on Wedaeaday, Jaa.l4
PA TROT.
Governasett debt.. 111,0141 M
Other aseariliat MOON
Ond can and
111,411„STS
Silver bullion

IRS= DIM
Notes issued

attoeLerr6l
MUNIZMIG DI
Progrietan' Capital L14.54%000
MAW
Beat
Public Depeas
eluding
Bay. Baas. Coop
ZAL of Yftlosal

—DottiTsad--Dl---v
Accounts)
Other DalsOdis**• • 14.055,018
Pavan day sad Misr
ewe
saki

IPARTIITIIT.
GovernmTut Fern-

E 26,061,076

L 57,899,900
Jan. 19, MN.

Miss (including
Deal Weislit An-
nuit)
Other Iscurities
Notes
Gold and Silver
760.561

4.87,399.800
W. ICILLIM Chlet Cashier.

Tanaansr Emma.
Consols, which closed yesterday at 891 to 90
for the 9th February, opened thin morning at
the same quotation, and closed at 89I_to ". For
money the last price was 894 to I. The official
business report is as follows ;—Three per Cent.
Consols, for money, 891, 1, ft. j• ditto, for so-
count, 89' • Three per Cents. BedOsed, at I, x
' New Three' per Cents., 88", 11, 1, f ; Bank
1 240 ; India Stock, 213 ; ditto Five per Oast.
Stock, 1031, I • ditto Bonds, 10s. prem. ; Five
Cent
per "enfsled " rupee paper, 1014.
IThe India Five per Cent. stock was rather
' dull. India Bonds were dealt in at 10a. prem.
Exchequer Bills remain at par to ss. prem.
The foreign stook market was rather fiat, and in
some cases prices receded. The Egyptian Loan of
of 1854 declined 4to per cent. ; Greek Bonds and
Coupons, fto ; Russian Old Five per Cents. and
Moorish, 1; Russian of 1862, 4 ; Venezuela of
1864, 1; and Mexican Old Three per Cents. and
Spanish Pantos Bonds and Certificates, 4. A
slight improvement was quoted in Danish Four
par Cents. of 1863, and the scrip of the last loan.
In the market for bank shares realisations con-
tinue to predominate. Alliasos Bank shares have
again fallen 10s., closing at 74 to 8 prem. A re-
' duction was also quoted in °barbered Mercantile
' Bank of India, London and China, East London,
London and County, London and South Western,
Scinde, Punjaub, and Delhi, and Standard Bank of
Africa. City Bank shares were slightly firmer,
after yesterday's fall, and an improvement took
i place n Imperial, South Eastern and Provincial
Banking Corporation. Notwithstanding the very
favourable statement presented at the meeting of
the London Joint Stock Bank to-day, the share. of
this undertaking declined about 10s., closing at 49
to 60.
Hudson's Bay shares were last quoted 16 to
ex div., being dull ; Egyptian Trading, 1 6-16 to
7-16 prem. ; National Discount, 104 to I prem. ;
and Joint Stock Discount, to 4 die. City
Ocean Marine Insurance, Peninsular and Oriental
Steam, and Panama Royal Mail Steam, new shares,
met with inquiry, while National Steam and Con-
tract Corporation ware rather Sat. Ottoman So-
-1 cifitci G4ndrale shares were last quoted 14 to 2
prom ex div. ; and City of Milan Improvements,
' 24 to 24 prem. The subscription for the latter
closed to-day, for Loudon applications, with an
, enormous total. _ .

The shares of the financial companies were
dull, and closed heavily, at a reduction in most
cum of 1-16 to I per share. In this decline General
Credit shares parl.icipated, the announcement of the
dividend (as referred to above) failing to !within
the price. The closing quotations are annexed,
viz : International Financial, 2 to 211 prem. ;
General Credit, si to 3.16 prem. ; London Financial, 88 to prem. ; Imperial Mercantile
Credit, S to 31- prem. ; and Credit Foncier and
Mobilier, 33 to prem.

HIDE MAREET.—(I7IIB DAY.)
Larnatraam..—llides : Prices: 661 b. to 641 b., ad.
to 3d. ; 641bs. to 721b5., 3d. to 31(1. ; 721bs. to 901b5..
3d. to 34d. ; 9011 e. to 88alts.. 30. to 4d. ; 88Ibs. to
Whs.. 4d. to 4ed. Horse bides, 9a. so 10s. ; Calf
skies. light, 2s. to 3s. Bd. ; tall, 6..
BUNOXDSZT.--81wpkilil : polled. 12.. Od. to 16s. Od.;
Keats and aalf-besda. 10s. to 125.; Donna. 7.. 3d. to 9s.

A Mounts PLLY.—The new managers of the
Olympia will eartnaly sot establish their undertaking on a
monad beak, if we are to take the Hidden Hand, on which
they lose thrown their istrength, an a soaps of the plays
to he =posted at this theatre. Here spin the wear
painter sad stege-carpeater hays dose their work admir-
ably, is soma respects, we should any, aimed too well, be-
same they chariot the attention of the audimie• too much
from the *nos Bat why should all this wealth of acacia
' dissection be lavished on a piece which, without it.
would certainly sot be endured? It is utterly ban
and visions to she owe—French. and is the wont
ofFrench
annner. The pet terns on the suspicion twe
I detonable Mow which attaches to a neglected
1 wit.: the one of beteg unfaithful to her bustend (whisk
la truth. she le he heart, if sot in eat), sad the other of
=her own child, presumably became that child is
to the man she loves. No dzasath or histriosis
skill can make such incidents °therein this revolting tw
any one whom moral sense is en leapienely Ones&
Things are not only hinted at, bat becedly discussed on the
1 Mama from which all delicate lean rescile•
otriC
this is the sort of thing which is offered far the Ttt
of Faglieis ladies and gentlemen. Who weld lo•ewlsyly
=say young girl to intone snob a pipes ? s
'ne Iles Jemmy. . ... , 1 .