The Express.
London, England, 1862-11-19 00:00:00

PROVINCIAL SHARI MARKETS.

LITERSCOL, Nov. 16.—Closing prices :—nunota Central (paid
up), 6!4—Caledonian, 114—Grest Kae.ern, 464—Great Western,
604, 4—Great Southern and Western, 1664—Lancashire and Car
106—Ian and Yorkshire, 1%4.4, I. I. 4—London and
North Western, 054, Manche ter, Shetheld, and Lincolnahlie,
374.1. L. 4—Midland 1244, 4—South Eastern, 634, I—Buffalo
and Luke Huron, s—Great Luzembourg, 113-16, 4,1-10. 4—Great
Western of Canada, 131 —Alliance Bank, 84 preen.—Bank of Liver-
pool, 281. . . . . .

Nov. la—Market good, but prices rather lower.
Great Pastern, ad-Great Luxembourg, 11} F—Great Rhin, 7a
Grand Trunk of Canada, 21I—Great %cetera, 061-111thols Cen-
tral, al td.—Ditto, r odd up, 1531—LmicallAre and Yorkshire, 109
81—London and North Western, 00.
Illfullaow an, Nov.lB.—Bates were effected to-day of Binning-
ham Joint-stack Bank at 11 prem., and Birmingham and
Staffordshire Gaa, new, at 0 prem. London and North Western
stock offered at 954-Bbrewabury and Hereford, new, 2; prem.—
Birmingham Canal, Lat 93j—Birmingham Old Mill, at o—and
South Bt .ffordahire Water at 7.

Defame, Nov. 17.—Three per Cent. Consols, 929—Three per
Cent. Mock, 919 1 9—Ditto for amount, 10th December, 914—
Ballast °Mee Debentures 'Government security) of 99.1. M. Id. 98
—Pipe Water Debentures Four per Cent. (New) of 1001.,87—fast
India, of 1985 Five per Cent. 100—Hibernian Rank, 2.. M. paid,46—
National Bank of Ireland, SOL paid, 799—Vnion Bank )limited),
71. pald Account), 139—Dnhiln and Kingstown, 1001. paid, 1919
Dublin, Wicklow, and Wexford, if —Great Southern and Western,
1001. paid, 1041—Midland, Great Western, and EL Canal. 601.
mild, 619—Midland Great Western Half Ohara, 264 paid, 294 20.

MONEY MARKET.-(THIS DAY.)

Two o'CLool.

The funds to-day are very well supported, at
the closing quotations of yesterday. The market
for English railway stocks is dull, and in
two or three instances prices have slightly re-
ceded. Of the various departments of the Stock
Exchange, the foreign stock market continues
to meet with chief attention, and in some cases
a trilling improvement is observable in prices.
At Paris this morning, according to Mr. Reuter's
telegram, the Three per Cent. Rentee opened at
70fr. 20c., being sc. lower than yesterday.
Consols are now quoted 934 to I, cunt div.,
for money, and 921 to I ex div., for the 4th
Dec. The official business report is as follows :
Three per Cent. Consols, for money, 934, 4, cuts
div. ; ditto for account, 924, 4, ex div.
Three per Cents. Reduced, 914, 92; New
Three per Cents., 9li, 92 ; Bank Stock,
236 ; India Five per Cent. Stock, lo9i, 4 ;
ditto Four per Cent. Debentures, 1864, 1004 ;
Five per Cent. " enfaced" rupee paper, 1041;
Exchequer Bills, June, 13a. prem. ; ditto, March,
10a. prem. _ _ .

Business in the foreign stock market is not so
extensive as yesterday, yet still considerable. New
Granada Land Warrants are in renewed de-
mand, and have risen. Greek Bonds are firmer.
Spanish and Italian show steadiness. The
Turkish L3an of 1854 is quoted 831 to 84 ; that of
1858, 701 to 4 ; and the scrip of 1862, 14 to 11
prem. Turkish Consolides are 1 per cent. lower,
at 384 to 1. The scrip of the new
loans is quoted the same as yesterday.
Transactions are recorded as follows :—Brazilian
Four-and-a-Half per Cents., 951, ; Greek, 171,
161, 1 ; ditto Coupons, 74, 1 ; Italian, for account,
711, 1 ; Mexican, for account, 331; New Gra-
nada Land Warrants, 51, 6, 51, 1 ; ditto ex
overdue Coupons and Hectares, 121, I ; ditto
Deferred, ex Hectares, 64, 1 ; Peruvian scrip, 11
dia. ; Portuguese, 1853, for account, 474 ; ditto,
1862, 47, 1 ; Russian paid up scrip,
931, 1, ex div. ; Spanish Three per Cents., for
account, 55 ; ditto Passive, 221, 1 ; ditto Certifi-
cates, 8/, 91 ; Turkish, 1854, for account, 84,
831 ; ditto 1868, for account, 701, 1 ; ditto
100/. Bonds, 751; ditto 1862, scrip, 11, 1, prem. ;
ditto paid-up, 691, ; Venezuela Three per Cents.,
for account, 241, ex all ; ditto scrip, 11 dia., ex div.
The Pera will take, on the 20th inst., 338,7081.
in specie for the East, of which 36,879/. is gold, and
the rest silver. The amount for India is 143,729/. ;
for China, 146,0791. ; for the Straite, 45,7001. ; for
Mauritius, 23,0031. ; and for Alexandria, 2001.
The discount market was not very easy yesterday.
Some little uncertainty as to the future course of the
market having been caused by the occasional with-
drawals of gold from the Bank, and an impression
prevailing that the value of money is likely to rule
somewhat higher next month, lenders do not ap-
pear anxious to take good bills below 3 per cent.
Occasional transactions, however, continue to take
place at 21.
The foreign exchanges yesterday afternoon pre-
sented no alteration of importance. The ten-
dency was not favourable. The rates were as
follows :

Amsterdam, 3 mouths, 11.16} to } • ditto, 3 days,
ILl3} to 14a ; Rotterdam, 3 months, 11.16} to 4 ; Amt.
warp, 3 mouths, 25.37} to 42} ; Hamburg, ma bane*, three
months, 13.6} to 4 ; Paris, 3 days, 25.12} to 20; ditto,
3 mouths, 25.374 to 42} ; Frankfort-on-the-Maine, 3 months,
1113} to 119 ; Petersburg (per rouble), 3 months, 34} to 35 ;
Vienna, eft. 60., 3 months, 12.45 to 50 ; Trieste, elf. flo. •
3 months, 12.45 to 50; Madrid, 3 months, 49} to } ; Cadiz,
3 months, 49 to } ; Leghorn, 3 months, 25.55 to 60 ;
Genoa, 3 months, 25.55 to 60 ; Milan, 3 months, 23.55
to 60 ; Naples, 3 mouths, 304 to j ; Palermo 3 months,
11.9 i to ; Messina, 3 mouths, 119} to Lisbon, 90 days,
521 to I ; Oporto, 90 days, 524 to 4.
Numerous letters oontiuuo to be received rela-
tive to the gambling movements in the shares of the
new concern known as the Standard Bank of British
South Africa. _ _ _

The speculation in the shares of the Standard
Bank yesterday made further progress, the price
having risen to 31 to 4 prem., with only 2/. paid.
There are some peculiar features connected with
the affair which will repay examination. That so
enormous a premium is due merely to discreditable
market manceuvres is evident, for upon no commer-
cial principle can it be pretended for a moment
that the project, introduced only a few weeks ago,
and destitute as yet of any tangible possession, can
be worth 20,000/. bonus. Yet this is what
4/. a share premium on five thousand
shares comes to. As it happens, there is at hand
the means of estimating, with a satisfactory degree
of accuracy, the value of the combination presented
by the Standard Bank, by comparing the price of
its shares with those of the London and South
African Bank. The position of this last-mentioned
undertaking appears to be all that can be reason-
ably desired by a permanent holder. It has
been in existence upwards of two years,
and enjoys the services of a board which
cannot be surpassed in point of influence
and business aptitude, seeing that nearly the
whole of its members are connected with the
leading houses in the Cape trade. For the pur-
poses of • Cape Bank, a better composed board
there cannot be. The London and South African
Bank, finally, has gained a high position iu the
colony, and has already arrived at the payment of
a satisfactory rate of dividend—a stage which
cannot possibly be reached by any new competitor
in less than a twelvemonth at the very earliest.
Yet the shares of the newly-formed Standard
Bank rank in the market fully as high
as those of the Loudon and South African. It
stands to common sense that, were the supply and
demand left entirely to adjust themselves, the pre-
sent exaggerated premium would cause the holders
of shares in the new bank to realise. Instead of
this happening, the shares are made artificially so
scarce in the market that a bonus of 124. lid., and
even as much as 11. a share, is stated to have been
paid for tho loan of them for a single fortnight.
It is affirmed that the number of shares bought in
the market—we do not pretend to say by whom—
is about double the number which the originators
of the movement calculate can be supplied. The
object of a speculative clique by whom
shares have been purchased is apparently to'
extract from the opposite party—the sellers—enor-
mous sums every fortnight iu return for deferring
the delivery. A scheme of this kind is termed, in
Stock Exchange phraseology, a " rig," and there is
no instance on record in which such practices have
been attempted without permanently damaging the
undertaking whose shares are made the medium of
abuse. Where a number of peculiarly well-informed
individuals combine together to get another set of
people into "a cleft stick," the combination par-
takes of a fraudulent character, for it is equivalent to
playing with loaded dice. It seems to be quite au art
now-a-days to get up a " rig" in the Stock Exchange,
the operators being aided by the eagerness which
the opposite clique of speculators show to sell what
they are not possessed of. The inevitable effect of
movements of this sort must be to surround any
undertaking with distrust.
The directors of the Standard Bank of South
Africa have announced a call of U. per share, pay-
able on the 15th. Dec.

We are requested to state that the share list of
the Grays Chalk Quarries Company (Limited) will
be closed on the Ist December.
Subjoined are the quotations of insurance, gas,
dock, and other shares, as given in the Stock Ex-
change list of last evening :
I lIBUTIIIIO6. —Allisnee British sad Foreign, 14 ; Commer-
cial Ulnas, 4 ; Crowe, 244 ; Essla 61 ; Globe, 117.18,174;
Law Firs, 4p ; O
end O'Gara raw 7 ; North British
sad Mercantile, 1 ; Ocean Marine, 114; Plesoix, 145 ex
div. ; Union, 285 ; hames and Mersey Maria., 44, i ; Uni.
versa Marine, 34.
I Gas Light and Coke—City of Loadoa (B), 74, i ; Com-
mercial, 42, 3 ; European, 15; Greet Central, 151, 15 ;
Imperial, 90; New ditto, 70 ; Imperial Continental, 654
Loathes, 914 ex div. ; ROAM, 27 ; Surrey Consomme,
16i ex div. ; United General, 33 ; Westminster Chsrterrd,
811,2; ditto New, 424, 2 ; Western, 174,18 i, Ili ex div.

' Dacha —Fast and West India, 136 i ; 9t. Katharine, 63.
Canak—Birmingham (Guaranteed 41. per cent. Louden
and North Weeterg), 94 ; Grand Janacton, 64;; ; Regent's
(or London), 24g.
Waterworks.—Berlin, 61, 7,6 f ; Beet London, 127 Si
new.
The half-yearly dividends are announced oa
Chillian Four-and-a-Half per Cent. Bonds.

TUESDAY EVENING.
Consols, which closed yesterday at 92 to / ex
div. for the 4th December, opened this morning at
the same quotation, and osed at 92 4 " buyers."
For money the last price was 934 to with div.
The official business report is as follows :—Three
per Cent. Consols, for money, 934, 4,4, curs div.;
ditto, for account, 924, 4, ex div. ; Three per
Cents. Reduced, 914, 92 ; New Thre per Cents.,
914, 92, 914 ; Thirty Years Annuities, 1886, IE4 ;
Bank Stook, 236 ; India Stock, 229 ; ditto Five
per Cent. Stock, 1094, 4; ditto Four per Cent.
Debentures, 1863, 1004 • ditto Bonds, 275. prem. ;
Five per Cent. ‘• enfaced " rupee paper, 1044 ;
ditto Five-and-a-Half per Cent., 112.
The India Five per Cent, stock was quoted 1094
to 4 ; the Juue Exchequer Bills, Ile. to 14s.
prem. ; and the March, Ws. to 13s. prem.
A very large amount of business was again done
in foreign stocks, but in many instances realisations
predominated in the afternoon, causing a reduction
us prices.
Ottoman Bank shares were again in active de-
mand to-day, and both the old and new issue hare
experienced a fresh rise of about 11. Oriental Bank
were likewise inquired fur. As regards Bank of
Hindostan, Union Bank of Ireland, London and
Colonial Bank, and London and Buenos Ayres
Bank, sellers predominated. Nerbudda Coal and
Iron and Peel Rifer Land shares have declined,
while National Discount and English and Austra-
lian Copper were firm.
Ocean Marine shares closed to-day at 64 to
prem.; Thames and blerrey, 24 tog prem. ; Uni-
versal, 14 to 04 die. ; North British and Mercantile,
164 to 16; Commercial Union, par to 4 prem.
The closing quotations for shares in new under-
takings were as follows :—Standard Bank of British
South Africa, 34 to 4 prem. ; Bank of Canada,
Nova Scotia, and New Brunswick, to prem. ;
London and Colonial Bank, 14 to 14 prem. ;
Union Bank of England and France, to prem. •
Metropolitan Cab, to prem. • Canadian Oil:
to 1 prem. ; English and Irish flank, Ito 1 prem. ;
and Oil Wells of Canada Company, to 4 prem.
ICape of Good Hope and Canada Six per Ceuta.
were inquired for.

COMMERCIAL AND MARKETS.

MA AK-L ANL -(TRIB DAY.)

The supply of English wheat this week is very moderate.
Flour contracted. Barley and eats rathat more liberal.
Malt, beans and peas. a fair quantity. Irish cats improving.
The foreign arrivals of wheat are again vary heavy, prinii-
pally from the Baltic porta. Russian and Prussian, sad •
small quantity Black Sea. Flour—A few sacks of Spanish,
but not any American. Barley—A small quantity of Danish
and French. Oats—Another large arrival of Ituseian, Prue-
sian, Swedish, Dutch, and Danish. Several small cargos
of peas, and one of tares, from Prussia. Beans—Ver37
with one or two parcels of oilseed from the East Indies.
To-day the attendance of buyers at market was extremely
thin, and with still further heavy arrivals, buyers were un-
willing purchasers; quotations unaltered from Monday,
English or Foreign.
Flour same as on Monday, and with little business doing.
Barley at the reduction of last day.
Oats without change.
Beans dull trade, white peas dearer than last week.
Seeds—Linseed and rapeseed steady ; clover and trefoil
firm. Tares and other seeds little doing, and value on-
altered.

- Ft oarvo CA114018.-Nothing doing.
WZRAT.-Eagliab : Essex sad Kant, white, nee. 40a. to
48e.; ditto, lue old, 665. to 58,.; ditto, red, new, 40a. to 445.;
ditto, fine old, 545. to 56a ; Norfolk, ko., floe oil. -0 to
-s.; red, new, --a. to -a. Foreign Dantsic, 52a. to 534.;
fine, 53e. to 1155.; extra, 565. to 60a; Kooipbs..g, 465. to
51a; ditto, extra, 514. to 565.; Rostock, 484. to 501.; ditto,
extra. 54.. to 565.; Mecklenburg, 545. to 66a. ; Uckermnk
ditto, -a. ; American white, 48e. to 56a.; ditto, red, 461. to
481.; Canadian, 471. to 491.
?Unit.- -English malting, 311. to 351.: for, 375. ;
23a. to 245.; and distilling, 26a. to 27e. per qr. ;
orasgngrinding, 21.. to 25a; ditto distilling, 255. to 30..
Matra.-English, Rases and Norfolk, 59a. to 63e.: fine,
635. to 67a. ; Kingston and Ware, 66e. to 68i.; brown,
60s. to 58a.
Oars-Zaglish feed, 20s. Od. to 22.. Od. ; potak,
241. to 265. ; foreign, 21a. to 25..
Brags-Kaglish to 38a. to 40s. ; barrow, 39a. to 431. ;
pistol", 38e. to 39a. ; foreign, 32a. to 36.. ; tick.
368. to 375. ; Roo igsherg, 38a. to 39a. ; • 325. to 34e.
Peas-English boilers, 404. to 41a.; w to and blue, 40s.
to 43e. ; maple, -s. to -4.; wry, 365. to 385.; hod. 38e.
to 404. ; foreign. 34% to 355.
FLOM -Iloglish town. 445. to 464.; ditto fine, 475. to 515.;
country, 42e. to 435. ; Norfolk and Suffolk, 365. to 370.;
French, -a. to --a. per sack; U.S. sweet. 275. to 30a.;
Canadian. 271. ; Spanish. 39a. to 41s.
I tintAn Conn.-Whits% 30s. to Us. ; yellow, Ns. to 30a.
FLOLIING Cocoons, all C. F. and L-Wlicat Benii-
'saki and llaaianople, par 4921ba, 445. to 465. ; Ohirka. 44a.
to 47% Pollak Odessa, per 4801 be., 42e. to 445.: whit%
48s. to 501. ; Danaho and Galati, 395. to 425. ; Egyptian.
325. to 31s. Barley : Egyptian and Byfan, per kanlia.
245. to 25a. ; Odessa and Danube, do., 245. to 25.. Beans :
Igyptian, per 4301be.,305. to 335. Maim : Odessa awl Galata.
per 49211:e., 31a. lid. to 321. ; Dwell and Bulgarian, per
480th., 31s. Od. to 32a. ; French, do., - to -a. ;
Amerioan, do., 29% to 30a. ; Egyptian, -a to -a.
Scam -Csaary Ned, par qr., 38e. to Ms. ; }lOlll.
lead, per qr., 381. to 425. ; Mustard seed, per bustle'.
whit,. 7s. to 7s. 6d.. brown, Bs. to 9a. Linwed, per qr..
crushing, 60s. to 625. ; Linseed cakes, Sugliah, per tee.
111. Os. to 12t. ; American, thin, in brio, per toe.
121.0. to 12/. 10s.; do., in beg ,111. Oa. to 111. 10a.; Rdti
01. to 01. lb.: Nareeillee, 10/. to M. 10a.: Rape oak.. 6/.
Os. to 71. ; Tam per bushel, winter, 7s. to Bs. Od. ; Rape-
seed, English, per qr., 641. to 72..

ARRIVALS INTO LONDON PROM NOV. 17 TO NoV. 111.
English and Swish. Irish. Forelaw.
Wheat
Barley llBO 1 170 7740
OaU
Malt..
Flour, English, 670 sacks foreign. 1700 seas; brlb.

LIVERPOOL COTTON MARKET.
(THIS DAY.)
(BY BRITISH AND IRISH KARMIC TELZORAPH.)
(YROM oua OWN CORRRIIPONDINT.)
The market still keeps quiet. Hiles probably 1,500
beta.