The Express.
London, England, 1851-07-31 00:00:00

[THREEPENCE.

and sci,mtille societies already established; or it may endea-
vour to promote the personal interests of its members by
the formatio,: of a provident fund and the establishment of
THIS DAY. a mutual guarantee fund for the purpose of superseding the
are not necessarily associated with rho
Two o'Cralcx. I necessity of Priea,.'" suretyship for bunk officers. The latter
An improvement oft per cent. took place in the object.,
former, and we however,
think
Isttittoutea[lovranticieendleiment dissemination
price of Consols yeste;day afternoon, but this has;t will be dcsirab cin the first instance
not been maintained to-day, although the quo- • tof endeavourun nk to es,
tation for time for a moment touched the Ingsointere,ats glenngetal' lnyc, -leaving for after consideration the
extreme point of yesterday's rally, prices come : expediency of connecting wit" it any plans for assuring the
lower from Paris, th.ough the decline on that house fidelity of bunk officers, or for providing a provident fund
is described as more attributable to the state of the . for the relief of those who may b creme indigent. When a
monthly uccount titan to ally political consideration.l Ranking Institute is formed, the ,nembers will be able
. to
wi, at manner a provident
Operators here are also induced to hold back, with artf)liomi!cans itni
:wd decide fostrrtahnetrneeselfvuer.isdhcoawnaatl,i.ntabii. ,
gh "41. and as the difff-
view to seeing what effect the new Austrian !man for cultiesflending the establishment of sue b a fund arc much
8,000,0004 sterling now on the kids will have on greater than those which would interfere w ith the formation
this market. Vienna advice, represent the dividends of a general Banking Institute, we think ll'. will be found
as also payable in Paris, Amsterdam, and Frankfurt, i desirable to establish the latter before atten:Ptinq to pro-
but the conditions of the loan were not us yet ac- ;seed with the former.
curately known.
Hoak Sloe*, 21417NNOLISII 1,1;,. DR—Tuts Mt r.
Locke Annoitl,. 71
Consols have touched 961 fur account, but are now , 3 Per Cl. itodo..i. 7t 1 I tails lio•eic, 2.:1 2
3 ter Cs consols . w.l Dan Iknols.
quoted 96Z to I for cash, and 961 for the 12th of i 319,.,6,. e„.„,a.,,,0t Fad...quer 13WL1,020/..44e. to 424.
August. The figures of the day's business arc thus forgo s.. 96i
officially reported :—Three per Cent. Consols, 964,1 ; „ FOItEIG7
ditto for account, 961, I ; Three per Cent. Reduced, rirLLtfittatt,9.;2o4.j2
974, 1; New Three-and-a-Quarter per Cents, 99, a ,tls7i.t. i
; ~rg „ s
981: Long Annuities, 1869, : 74; ditto 30 years, e„,-si, et. osaiss'
1860, 71 ; South Sea Old Annuities, 961; Bank 3I: a.- glinHa: -77, 7
Stock, 2163, 2151. I If per CL NHL LA so
The quotation of Exchequer Bills is again Is. Erg,,lenii.l34lsh. 524 31
lower, there being little inquiry, and sellers con- I I ear CL 0r.L.13.15)10
tinning to offer. The present rate is 465. to 495. LATEST FORM,
prem., and for India Bonds, 565. to 595. prem.
The foreign stock market is firm, but very little
business has been done, beyond the final settlement
of the fortnight's account. Sardinian Scrip is the
only description that has attracted any attention,
and the prim, which has fluctuated, with
the alternate appearance of buyers and sellers, be-
tween t dis. and ! prem., now wears a steady appear-
ance,
and is marked 4- prem. Mexican Bonds are
rather more firmly held, and have touched 31 for the
new account, which is fixed for the 15th of August.
Bargains have as yet been concluded in the
undermentioned investments only, viz.: Dutch Two-
and-a-Half per Cents., 594; ditto Four per Cent.
Certificates, 93. Mexican Bonds, 301; ditto for ac-
count, 15th of August, 31. Russian Five per Cents.,
1822, 1141. Sardinian scrip, par, I,- dis., : premium,
par, k prem. Spanish Active Five per Cent., 211, 4 ;
ditto 1 hree per Cents., 3$
~
The railway traffic returns for the last weex, now
made known, again presents a highly favourable com-
parison with the corresponding week of last year.
fhe London and North Western, Great Western,
South Western, and Great Northern are par-
ticularly good. The London and North M est-
ern return is 63,2391., against 49,022/. in 1850,
increase 14,2171. The Cleat Western, 27,5424,
against 17,4471.; increase, 10,095/. The London and
South Western, 17,632/., against 13,0251.; increase,
4,607!. The I.ancashire and Yorkshire, 17,179/.,
against 16,4021.; increase, 7771. The York and
North Midland,9,os3/., against 9,1881. ; decrease, 433!.
The York, Newcastle, and Berwick, 16,240/. against
14,418 k; increase, 1,822/. The Manchester, Shef-
field, and Lincolnshire, 7.405/. against 6,392/. ; in-
crease, 1,013/. The Great Northern, 15,219/. against
3,3694; increase, 11,8804 (the mileage being also
increased by 93 miles). The North Stafford-
shire, 5,0514 against 5,027/. ; increase, 27!.
The decrease on the Midland is not so considerable
as for some weeks past. The total receipts being
23,1471. against 24,006/. last year, the failing off is
shown to be 859/.
The following shows the extreme rates at which
bargains have been concluded in the more speculative
descriptions of foreign bonds during the account now
closing:

MONEY MARKET.

4 PUNTS.
11 per Mellftn, .10/ 1
41 v Cl. Peruvian, 49 90
14tto Deferred. 43 4
8 per Cl. Portuenere, 88 8
Dr Ct. Rutvlan, 1
101 14#
41 pa CL Ruenitia, # 1
1 per CL epanish. Active, 2.11
3 per #
Do. 1.45.1). 6 *
21 Per Ct. Venezuela. lb
Do. Deferred. 111 13.1
EXCIIANGES.

PARIS. JI:LT U.

Pot Account.

Optaing,

LowegLl

3 per Cent& -1
11 10 37 34
per (nnt.9 113 SO 93 61
8 per Cent& :len Lanai ...
11 par Cents ...
_

.:.7 30
:',5 68

ST 3
9330

S 7 10
03 II

•••
..
Ez9lloll4Teoll Lnuel.n ; st odidd, 23; 00 day., 2.1 92i.
Ue'prllin, 5, 1910
Do. 3, 19.2 — ... 1 110 mm, Losm, 1931 .7 q
. .
..
y
Do. 2t
P .
Treuttr Bonds
_
....out 3 p '

Pkxlmoni3 P. Cent.. 11 23 ... 111 u.kYee
PARIS, JULY 30. St. Germain, —; Versailles* (right
tent), 267 50; ,bun ;left bank), ...27 51); Puri. and Orkans,)•6l 50;
Pare. and Rouen, 6 l 6; ;baron and 11 tv.. 243 ; iltarsealka. and Ay*.
eon, 215 j; atra.lamrg and Rule, 153 A; Centre, 411; Mesas
and Bordeaux, 341 71; Northern, 11;7 5 ; Pai• and stra.t.ar6.
361 23; Touru and N tstea, 27d 36; Manterean and Trnyera, 113;
Heppe swl Fecamp, '.Ol 23.

NAPLER, JULY 21—Scapolitan Five., 103. Exchange
on London, 367.

...
Highest. Lowest.
Mexican Bonds, es div 3li
Peruvian Five per Cents.
Spanish Active Five per Cent 2li
lIDo., Passive
Sardinian Scrip
The railway dealers were busy with the account,
and in some caws, where the transactions had not
been carried over, a material change took place in
the rates. On Midlands, yesterday morning, 1 con-
tinuation was paid, while t .-day the ratcage was
backwardation. In cral cases backwardation
was paid.
The subjoined table shows the extreme prices at 1
which business has been done in railway shares
during the account now closing, as also the fluctua-
tion per share and per cent.:
The extreme prices at which business has been
done in railway shares during the account which
will expire to-day arc as follows

Fluctuation
Aberdoen Highest. Lowest. Peiffhare. P.Ct.
50 ll 13
50 Caledonian lOlO4 . 994
14 13
50 Chester and Holyhead 164 ... 184
20 Eaatern Counties 6 4
25 East Lancashire
50 Edinburgh and Glasgow 25 3
23 Greiff Northern
1.0 Great western 53 . 81
100 Lancashire and Yorkshire ... 501 ... 43
104 London and Blackwell
100 London, Brighten, and
South Coast
100 London and North Western 1241 ... 1214
100 London and South Western 551 .. 62
leU Menet...ter, Sheffield, an 1
Lincolnshire
100 Midland 421 ... 361
25 North British
174 N orth Staffordshire 9 7
5U Ostord, Worcester, and
Wolverhampton ...... ... 131
134 Shrewsbury..ff,thrminghain 7i ... 4 °
20 South Eastern
33 York, Newcastle, 111 Berwick 19 17
50 Tort and North Midland IC ... 174
The East India Company have given notice
that the rate of exchange at which they will
receive cash for bills on Bengal and Madras will,'
until further notice, be 2s. 04d. the company's rupee,'
and for bills on Bombay, 2s. Id. This is a reduc-
tion of 4d.
Business in bank shares has been rather more ac-
tive this week, and good prices arc generally obtain-
able. The sales comprise : Australian (401. paid),
3.3; ; British North American (.301. paid), 451, 45, ex
div. ; Commercial of London (201. paid), 231, ex div.;
London Joint Stock (101. paid), 181 ; London and
Westminster (201. paid), 28, 284, ex div.; Provincial
of Ireland (251, paid), 43, 424, 43 ; Union of Loudon
(101. paid), 134, 144, cx div.
Dock shares remain at former rates. Commercial
stock is quoted 84 ; East and West India, 1414 ex
div. ; London, 112; St. Katharine, 77; Southampton,
171.
In steam-boat shares there is little doing, but
prices arc supported. General Steam Navigation
shares marked 274, 4; Peninsular and Oriental, 881;
ditto New (Si. paid), 9; Royal Mail Steam, 764,
77.
Insurance shares have undergone no change in
value since our last notice. Equity and Law shares
quoted 44; Guardian shares, 541 with the dividend
off.
The General Reversionary and Investment So-
ciety's shares are worth 92 to 93 ; Equitable Re-
versionary, 1094; Reversionary Interest Society,
1004 cx div.
Miscellaneous shares are quoted as follows in the
official list :—Aware Tea Company, 8 ; Australian
Agricultural, 15 ; Australian Trust, 20; Anglo-
Mixican Mint, 25; Canada Company, 49 cx div.;
ditto Five per Cent. Bonds, 90}; Hudson's Bay
Stock, 205; Price's Patent Candle Company, 22;
South Australian, 244 ; Van Diemen's Land, 1. '
The second report of the committee on steam coo- ,
munication with India was delivered last night to
the House of Commons. It strongly recommends
that the contracts shall be thrown open to competi-
tion, and a half-monthly line be provided from Lon-
don to the Indian presidencies. The report gives no
undue preference to the Peninsular and Oriental or
Eastern Steam Navigation Companies, but the latter
consider it so favourable that they have taken de-
cided steps for the prosecution of their undertaking.
The Banker's Magazine, in its forthcoming num-
ber, makes a very valuable proposition for the forma-
tion of a Banking Institute. It says :

A Banking Ituititute may be established ■imply with •
view to the advancement of banking and commercial in-
terests, by the discussion and publication of its proondi
on a similar plan to that adopted by the varl