The Express.
London, England, 1865-07-22 00:00:00

NINES.-(THIS DAY)

Two o'CLocK.

RONNY M.

RUM-MEM DAL)

Two o'Otooa.
Business in the Stook Itchange to-day is re-
markably quiet. The funds are dull, at yesterday's
quotations. Foreign stocks present no variation
worth mentioning. Home railways are rather
flat, and in some caws pricer have again
shown a drooping tendency. The shares of some of
the new companies still command considerable
premiums. Otherwise, there is no feature of
interest.

The mining market to-day is steady. There
is a demand for Tincroft, Wheal Clifford, New
Rosewarne, Wheal Roee, and East Rosewarne
shares. Subjoined are some of the present prices :
Tincroft, 17 to 17/ ; Wheal Rose, 221 to 26 ; East
Rosewarne, 31 to • Wheal Clifford, 25/ to 26/ ;
Frank Mills, 7 to tit; New Rosewarne, 7 to 7* ,•
East Lovell, 10 to 1 ; Hallenbeagle, 3/ to ; and
Great North Downs, 3i to 31.
As regards foreign and colonial mining shares,
not a single transaction is reported in the Stock
Exchange.
The subjoined weekly summary of the market
is extracted from the circular rt of Messrs. Von
Dadelszen and North :

The discount market is unaltered. Very few
transactions have taken plow to-day below 3 per
oent., the Bank minimum. In the Stock Exchange,
the rate for loans on English government securi-
ties from day to day remains at 2to 24 per cent.
At Parts to-day, according to Mr. Reuter'a tele-
gram, the Three per Cent. Rentes opened at
67fr. 76c., being firm.
Consols are now quoted 89/ to 90 for money, and
90 to 4 for the Bth of August. The official
business report is as follows :-Three per Cent.
Console for money, 904, 894 ; ditto for
account, 90 ; Three per Cents. Reduced, 894,
; New Three per Cents., 894, 4 ; ditto Five per
Cents., January, 1873, 1034 ; Exchequer Bills,
par ; Bank of England Stock, 247 ; India Five per
Cent. Stook, 1044 ; the Four per Cent. " enlaced"
rupee paper, 89.
Foreign stocks remain extremely quiet, and
prime in nearly every case are unaltered. The
only movements are a decline of about 4 per cent.,,in
Turkish Bonds of 1858, and an improvement of 4 in
Greek. Some of the present quotations are
subjoined, viz - Greek, 214 to 4 ; Turkish 1858
IBoude, 73 to 74 ; ditto 1862, 73 to 4 ;
ditto Consolidie, 494 to 4 ; Spanish Passive, 284
1&029 ; ditto Certificates, 131 to 4 ; Confederate,
7 to 9 ; and Mexican, 234 to 244. Transactions
I are recorded as follows :-Brazilian, Four-and-a-
Half per Cents., 1862, 1868, 1860, 794, Danu-
bian Seven per Cents, for account, 784 ;
Egyptian, Seven per Cents. second issue,
1001. Bonds, 98 ; ditto 1864, 944 ; Italian Five
per Cents., 1861, for account, 644, ex div. ; ditto,
1865, 77, 4; Mexican, Three per Cents, for account,
24, •ex div. ; Montevidean Six per Cents., 62,
ex div. ; Portuguese Three per Cents.,
1856, &c., for account, 474, 4,4, ex div. ;
Russian Five per Cents., 1822, 93 ; ditto,
1862, 924, 4 ; Sardinian Five per Cents., for ac-
count, 77 ; Spanish Three per Cents., for account,
48, ex div. ; ditto Passive, for account, 284, 4,
29 ; the Committee's Certificates, for account,
131; Turkish Six per Cents., 1854, for account,
95; ditto 1858, for account, 734, 4 ; ditto 1862,
for account, 724, ex div. ; ditto 1001. Bonds, 744,
734, ex div. ; ditto Five per Cents., 1865, 444, ex
div. ; Venezuela Three per Cents., for account, 16.
The Cuba, from New York, has arrived with
47,8201. in specie.
International Financial shares are now quoted
41014 pin., ex div. ; General Credit, 14 to lf prem.;
London Financial, 7to 4 prem. ; Imperial Mer-
.

Iron —The demand keep fair, and prisms are supported,
Si, owing to the hat weather, production is reduced. At
the quarterly meetings in Staffordshire a fair bagman was
dons. Scotch pig iron is firm at 54a. 6d. each. Copper is
steady, bat very little pasting ; the 'molten adhere to fired
prime. Foreign copper is nominal, and no tiansactioss re-
ported. Burrs. 901. Wallaroo, 891. Tin bas slightly de-
clined, but a fair blllilloBll has been dose at 901. each for
Straits, 911. foe arrival ; Basca, 941.; English steadi; about
3000 slabs Banca changed hands in Holland at f. Tin
plates are in fair demand at full prices. Lead I. rni, but
not much doing. Spelter—The market is quiet, and rather
lower. We quo t, 221. 2.. 6d. to M. sa. forward ;
about the same special brands in outporta. 224 7s. lid.

WEATHER REPORT.-(THIS DAY.)

candle, If to lf prem., ex div.; Credit Fonder and
Mobilier of England, 3} to f pram., ex div.; Otto-
man Socidti Ginerale, 21 to 3 prem. ; Hudson's
Bay, 15} to ; and Egyptian Trading,
to If digs.
The nominal quotations for the shares of some
of the new companies are subjoined :—Atlantic
Telegraph preference, par to prem. ; Barned's
Banking, par to 11 prem. ; Peruvian Rail-
ways, 5 to 6 prem. ; Hop and Malt Exchange,
2 to 2} prem. ; London and Mediterranean Bank,
3to 4 prem. ; Hodge's Distillery, 24 to 34 prem. ;
Anglo-Greek Steam, 14 to 2 prem. ; and General
Exchange Bank, If to 24 prem.
Metropolis Sewage shares are again higher, at 6
to 7 prem. The shares of Overead, Gurney, and
Co. (Limited), have risen to 2 to 24 prem.
HAL7-PABT Two o'CLocx.
Consols have closed with a dull appearance
at 89} to 90 for money, and 90, "buyers," for the
Bth of Angtut.

&Tura:oat JOLT /2. $ &IL

the remelt et the operation for the de seethe
under review less favourable thee bed ten rea;
They.n Mewed. however, to 'Ward at the
present robed* la the mesa& asedishie fee
sad lave ersedenee in the expestatioe that the
profits a/ the beak sill admit ad se increased dividend Ming
Issinteieed. They thre reecesaead then the
isle
d of Atm 17s lii dividend be paid a isle
of ewes per eat pm sanitar, free of lames rk
1100,0001., the esid-ap repitel of the beak. white re-
quire 21,0001. ,• that the aurniture weenie
be reduced* 1,0304 ; that Mi. 17e. 7d. be brought
forward to the current half yier.
Mr. Stephen Cave, of the firm of Present*, Grote,
Cave and Cave, the bankers, has joined the dirge-
tion of the Accidental and Marine Intutsnoe
potation.
A uew undertaking is announced—the Angle-Greek
Steam Navigation and Trading Company OiMatal%
which is brought forward as enjoying the "e
protectionia of his Majesty the King of the Greelnei
L, as pee decree, dated fith April, MIL'
A list is given of five new steamers both specially
for the Mediterranean trade, which the &retinas

have arranged to buy, thehase-mosey being
partly in cash and partly in aem. The promoters
state that they propose to run aline of steamers of
2,200 tons bwthen each, and 300-horse
nominal, from London to Gibraltar, Sicily,
the lonian Islands, and the principal port.
Greece, Turkey, the Black Sea, the isLads of the
Archipelago, the coast of Syria, and Egypt. There
are also to be branch steamers running between all
the principal ports of the Levant. The chairman is
Rear-Admiral George Elliot, and the next name is
that of Vice-Admiral the Hon. Sir Henry
trie=
K.C.B. Amongst the directors is Mr.
Xenon, consul-general for Greens. The capital is
750,0001., in 30,000 shares of 251, each, with a first
issue of 15,000 shares.
We are requested to state that a "Mediterranean
Steam Navigation Company " is about to be brought
out, the manager being Mr. M. E. Mavrogordato,
of London-wall. _ _ _

An-Tii;terist dividend on the share capital of
the General Provident Assurance Company
(Limited), at the rate of 74 per mat per annum,
for the half-year ending the 30th nit., will be pay-
able on the 31st inst. _ _

We are the applications fee the
capital of " Overend, Gurney, and Co. (Limited),*
represent three times the number of shares to he
allotted.
The allotment of shares in the Hop and Malt
Exchange and Warehouse Company (Limited) haw
been made, and the letters were posted last
evening.
We are requested to state that the share list of
" Warren's Blacking Company," will be closed es
Saturday the 29th inst. for London and on Tues-
day, the 2nd August, for the country.

Fermat
Consols, which closed yesterday at 901 to I for the
Bth of August, opened this morning at the same
quotation, and, after declining to 90 to 4, closed at
901-16 to 3-16, or 901. For money the last pries
was 89; to 904. The official burliness report asa
follows :—Three per Cent. Consols, for money, 90f,
891, 901 ; ditto, for account, 90, 4, 90} ; Three per
Cents. Reduced, 891, ; New Three per Cents.,
891, 4,4, ; Red Sea Telegraph, 191 ; Bank
Stock, 248 ; India Five per Cent. Stock, 1041, 1.
The India Five per Cent. Stock was ideally,
Exchequer Bills remain at par to 4a. press.
In the foreign stock market there was a fresh
decline of f per cent. in Spanish Certificates, and
in the Passive Debt, and an improvement of } per
cent. in Turkish Bonds of 1868. With these ex-
ceptions prices dosed exactly the same as yesterday,
business being limited. Mexican Bonds continue
to show dulness, owing to the uncertein position
of affairs in that country, and to the slow progress
of the pacification.
National Discount shares were last quoted to-
day 10} to f prem. ; Joint-Stock Diasonnt, 1} to
; Egyptian Trading, 1; to I} dia. ; Otto-
man Sooicit4 Goluchale, 24 to 3 prem. Hodson's
Bay, lbf to 4, ex div. ; and Lion Brewery, 2to
prom.
Scarcely any change took place in the shares
of the financial companies. The closing quo-
tations are annexed, viz.:—lnternational Finan-
cial, ; to lf prem., ex div. ; General Credit,
1; to lf prem. ; Loudon Financial, 7 to 1 prem.;
Imperial Mercantile Credit, lf to 1; pram., ex div.;
Credit Fonder and Mobilier, 3; to prem.
The closing (but in many cases morainal) quota-
tions for shares in new undertakings are sub-
joined :—Atlantic Telegraph Eight per Cent. Pre-
ference, to ; prem. ; London /d/sehan4
die to par ; Glamorgan Iron and Coal,
to 3 prem. ; Railway Credit, I to 2 prem. ; Berried s
Bank, par to } prem. ; Hop and Malt Exchange,
2 to prem. ; Parkfield Iron, Ito 2 prem. ;
General Estates, 2} to 3 prem. ; General Ex-
change Bank, lf to n prem. ; Blakely Ordnance,
3} to 4 prem. ;'London and Mediterranean Beak,
3 to 4 prem. ; Peruvian Railways, 5 to 5} prem. ;
Samuel Bestow and Co., } to 1} prem. ; Accidental
and Marine Insurance, 2 to 2} prem.
The shares of the Metropolis Sewage and Essex
Reclamation Company were last quoted 5 to 6
prem. ; and Overend, Gurney, and Co., 1} to 14
prem.
In the market for bank shares there was an im-
provement in Alliance, but several other stooks, in-
cluding European Bank, English, Scottish, and
Australian Chartered, London and County, London
Bent of Mexico, and Metropolitan and Provincial
Bank, were rather heavy.

About 4,0001 in gold was withdrawn from the
Bank yesterday for exportation.
The Borussia, from New York, has brought only
3,2001. in specie.
The foreign exchanges yesterday afternoon were
quoted much the same as on Tuesday. Bills on
Paris were rather more inquired for, and showed a
alight downward tendency. The usual list is sub-
joined :
Amsterdam', S mouths, 11.191 to 12.01_; Mks, 3 dap,
11.18 to ; Rotterdam. 3 sesetima 1L1.91 to 12.01; Ant-
werp, 3 months, 25.40 to 45 ; Hamburg. ma. bum. 3
months, 13.91 to ; Paris, 3 dun 25.121 to 20 ;
ditto, 3 months, 25.35 to 40; eet- s-the-Maine, 3
months, 12111 to i ; Bt. Psiesehtecr (per rouble). 3 swaths,
31 to i; Vienna, if. fica, S months, 11.15 to 20; Trieste,
et. fin., 3 months, ILIS to 20: Madrid, 3 months,
474 to 8; Ode, 3 swathe, 48 to 1; Leghorn, 3 mcmths,
25.50 to 55 ; Genoa, 3 months, 35.50 to 56 ; Milan. 3
menthe, 25.50 to 55; Naples, 3 mouths, 25.50 to 56;
Palermo, S months, 25.50 to 55 ; Messina, 3 months,
25.50 to 55; Limbos, 90 days, 511 to f ; Oporto, 90 days,
511to1.
The weekly return of the Bank of France shows
the following changes :
Coin and bullion ............ Demises £lBB,OOO
Bills disoounted ......... Lwow 290,000
Government delimits menses 10,000
Notes in
Private deposits
Advances
The coin and bullion continue to decline, but
the alteration this week is not of much importance.
The demand for money at the French Bank con-
tinues upon a steady scale.
The following is the report of the directors of
the Bank of Otago (Limited). to be submitted at
the general meeting on the 24th instant :
The directors, in submitting to the shareholders the an.
nexed statement of accounts for the year wadies 31st March
last. have the 'demure to lIDDOUDOO that the hopes expressed
in their circular of sth January last have been nailed. The
bank has received numerous offers of business. a portion
only of which, however, it wee deemed proper to accept ;
sad the directors are happy to state that the business is in
every satisfactory poetics; there being every prospect el a
continuance in its increase from the growing con6dence at
the public. A branch has been established at Quesestews,
which is the centre of a promisiag gold field, and it is hoped
that this step will be attended with advantageous remits.
The shareholders are already aware of the large amount of
the capital locked up io advance' to the Southland Provin-
cial Government upon their debentures. The agent of that
government, in hoodoo, sod the directors, are empowered
to offer the debentures at each a price as will ensure • male;
but it her not been considered advisable to bring them lee-
ward at present, becalms there is now good reams to be-
lieve that their value will soon be enhanced by the gamester
of the general governmental New Zealand. Urdortuerstely
for the bank, the vide so 101 l prevailing in the mossy
market in Leaden daring 1864 rendered it seecessary4oziy
et a high rate interest for the advances absolutely r
here in eacesquenee of that loan ; and this enemata far the
heavy item of 6,1451. sa. 11d. pall for interest, as stated in
the amounts now presented.
The grew profits for the year, after allowimg for bad mid
doubtful debts, amorist to 29,4901.45. Bd., from whisk it
is necessary to deduct 1,0601. Oa. 10d., the balsam carried
from lam account, 13,6231. 10a. for the expenses of map
easement in London sad New Zealand, sad 6,1451. ss. 11d.
for earnest paid for money darker the high rate' ruling la
1864, leaving a sot welt of 8,6411.75. Dd., whisk the th-
reaten recommend shall be appropriated am fellows, vas
5001. in reduction of prelimiaary upemes,
_6O pay-
ment of travelling anomie to New end, his,33l
15s. 11d. towards • dividend at the rated 5 per ceat. on --
the capital called no to 31st December last, free of benne
tax, and that the remainder, 20061.12 c., be carried forward Tam ZANY LONDON Banm gasmeno.—The third
to profit and Is new account. report of thin bank states that tee lair for the half-jeer
The directors of the English, Scottish, and Aar swam Jape 30, 1035, after providing he eB bed sad deabb-
tralisin Chartered Bank have issued the annexed reb644, el isli'vollva am" bat Net
vette( off am alseesis properties el des-smalis steak(
report, for presentation at the meeting on the Slat Ito ow debit of book psemres • and
inst. : I amble tbs direeliees le reoamered a =ll2thell=
The accounts of the bank for the half-jeer ending is the 5 pee slat pre sows, free of beelike Sax. The dbestomm
colonies on the 31st Merck sad is Lesion or t ,he 30th . date that les mumbled emumni missusta,brith al the beed-
J our show a balsaee of profit ei 12.53111. 17a. 74., after; sad MI tits braeollea have boa eat se sbeittily im-
roaid4 provision for bed and dembleel deb/'. The Area ; crewing, ma tienehrbent of smarm dspealleil is =
tors regret that the neosemity hrmime fee whiles al tbialmemimillie. The dinars Wiese that the
further aim to inert lees hem foams released is In is sow awoke' is the city of Larks sod aimewleara. "as
the Lot report, the West el whisk is fa imigteisso of the agid and mtaireCeistetsett hsakaw
•

COMMERCIAL AND MARKETS.

LIVERPOOL COTTON MARKET.
(THIS DAT.)
(se ammo Am missassosias amass.)
(nos ous OWN oossasrownser.)
The sales to-day an 10,000 bales, spesalsties aad export
4,000 bales.

TALLOW MAR .—(THIS DAT.I
The 'market is stead), at the followieg quotations :
Tows tallow, 41s. 34., est cash ; Pstersbare oe ale
RtM., 64. ; Clabber to Deowalew, 425. 34. to 425. 64. ;
Jaaaary to Much, 435. to 43a. U.
Mauer AvEuais.—Tows tallow, 43e. 941. ; tat bP
ditto, 2s. lit; yellow Itemise, 435.; nieked
33t. 6d. ; rough ditto, 18s. bi. ; tallow peeves, 18s. ;
good drop, est

SMITHFIKLD HAY MARIOLT.—ITRIS DAY.)
Mr. Marko JIUDIP Rostra reports trade slow at the
following priors :—Prime old demos, from 130 s, to 140'.;
inferior ditto, 100 r. to 120'.; sow ditto, 100 s. to 130 s. ; pimp
old bar. 115 s. to 126.; inferior ditto, 955. to 100 s.; sew
ditto, 100 s. to 1064.; straw, 265. to 335.