The Express.
London, England, 1865-04-24 00:00:00

MONEY MAREBTe4TRIB DAL) low 4th lasteat ; while the moist imatfryity of trade lute
--..- we way look for a costumed &ohm is the value et mosey.

...
It

SATURDAY Emma.
Consols, which closed yesterday at 901 to 1 for
the 9th of May, opened this morning at 901 to
91, and closed at 91 to ft. For money the last
prtoe was 901 to 91. The official business
report is as follows :—Three per Cent. Consols,
for money, 901, 91 ; ditto, for account, 91 ;
Three per Ceuta. Reduced, 891, 89, 1 ; New
Three per Cents., 89, 1, 881, 891; Annuities,
1885, 14 ; Red Sea Telegraph, 191 ; India Stock,
215 ; ditto Five per Cent. Stock, 107, 1061.
The India Five per Cent. Stock was rather
dull. Exchequer Bills were unaltered at 4s. to 75.
prem.
Foreign stocks were generally rather better.
Confederate Bonds improved 1 per cent. ; Turkish
of 1862 and the Consolidia, ; Spanish Passive and
Certificates, ; Spanish Three per Cents, Mexican
and Italian stock, 1; and Greek Bonds and
Coupons, Ito per cent. A slight improvement
took place in Venezuela Bonds of 1862, but the
Loan of 1864 was dull. The amount of business in
this department was very limited.
Bank shares generally continued to show heavi-
ness. A reduction was quoted to-day in Anglo-
Italian, Asiatic Banking Corporation new shares,
Bank of Hindustan, London and Buenos V:
Merchant, and Metropolitan and Provincipi
were inquiries, however, for Midland, National,
and Standard Bank of Africa. •
Hudson's Bay shares were last quoted to-day
151 to } Egyptian Trading, Ito I ; National
Discount, 101 to } prem. ; Joint-Stock Discount,
21 to 2} dia., Ottoman Soci6t4 thlntirale, 21
to / prem. ; and Milan Improvements, 51 to
61 prem. There were some inquiries for Marine
Investment shares and Peel River Land stock.
London and St. Katharine Dock stock also im-
proved 1 per cent. The shares of the South
African Mortgage and Investment Company have
given way.
The shares of the financial companies were steady
at yesterday's prices. The closing quotations are
annexed, vii.:—lnternational Financial, 11 to If
rem. ; General Credit, 21 to prem. ; London
Financial, 7 to .3 prem. ; Imperial Mercantile
Credit, 11 to 1 3-16 prem. ; Credit Fonder and
Mobilise (old shares), 41 to 5 prem. ; ditto New,
4i to Pram-
The closing (but in some mess nominal) quota-
tions for shares in new undertakings are subjoined :
—Metropolitan District Railways, 9 to 10 prem. ;
Rio de Janeiro Gas, 1 to 1} prem. ; South Afri-
can Land and Finance, Ito I} prem. ; Russian
Ironworks, 2} to 3 prem. ; Anglo-Egyptian Navi-
gation, 31 to 4 prem. ; and Colonial and General
Land Credit, 1} to prem.
It is notified that the share list of the New Zea-
land Loan and Mercantile Agency Company
(Limited), introduced by the Bank of New Zea-
land), will be closed on Tuesday, the 25th inst.
'United States 5-20 Bonds were more offered,
and show a relapse of 1 per cent., closing at 65 to }.

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Two o'Czoce.
The news of the surrender of General Lee and
his army has caused a fresh fall of 5 per cent. in
the Confederate Loan, which is now quoted
only 12 to 14, but a rise of 14 to 2
per cent. in United States 5-20 Bonds, which are
quoted 684 to 674. There is deo an advance in
other North American securities. Otherwise the
stock markets are quiet. The funds have barely
maintained Saturday's prices. Foreign stocks are
dull, and home railways steady.
The news from America has not had any appre-
ciable effect upon the discount market, the rate for
the best bills being still 34 to 4 per cent., with oc-
Callional transactions, at 31. The supply of money
is good. Iu the Stock Exchange the charge foe
short loans is 24 to 3 per cent., being rather higher.
Consols are now quoted 904 to 91 for money, and
91, "buyers," for the account (May 9). The offi-
cial business report is as follows :-Three per
Cent. Consols, for money, 904, 91 ; ditto, for ac-
count, 91, 4, 904 ; Three per Cent; Reduced. 89/,
89, 4 ; New Three per Cents., 89, 4 ; Bank Stock,
240, 242 ; India Five per Cent. Stock, 1061,
1074 ; ditto Four per Cent. Debentures, 1866,
994 ; Five per Cent. " enfac.cl" rupee paper, 103,
1024 ; and Exchequer Bills, 7s. to ss. dis.
The variations in the foreign stock market are
mostly on the unfavourable side, comprising a fall
of 5 per cent. in Confederate, 4 in Turkish 1862
Bonds and Mexican, and 1 in Turkish Con-
solidi*. Some of the present quotations are an-
nexed, viz.:-Greek Bonds, 204 to 1; Mexican,
264 to # ; Confederate, 12 to 14 ; Spanish
Passive, 314 to 1 ; the Certificates, 161 to 1 ;
Turkish, of 1858. 704 to 714 ; ditto 1862,
73 to ; and the Consolidiis, 544 to 4.
Transactions are recorded as follows :-Belgian
Four-and-a-Half per Cents., 1004, 100 ; Brazilian,
1852, 1858, 1860, 84; ditto 1863, 824, ex div.; Da-
nubian, 844; Egyptian, 96 ; ditto second issue, 97 ;
dittolB64, 944, 934,4, ex div. ; Italian,lBl3s, 734, ex
div. ; ditto scrip, 44, 4 dig., ex div. ; Mexican,
961, ; ditto, 1864, 251; Monte Videan
64 ; Russian, 1850, 871 ; ditto, 1862, 924,1
; Spanish, for account, 471 ; ditto, Passive, for
account, 311 ; ditto Certificates, for account, 904 ;
Turkish, 1858, for account, 714 ; ditto, 1862, for
aooonnt, 734, 73 ; ditto, 1001. bonds, 734.
International Financial shares are now quoted
1 to 4 prem. ; General Credit, 2 to
prem. ; London Financial, 74 to 4 prem.; Imperial
Mercantile, 1 to 1 prem. ; Credit Foncier and
Mobilier of England, old, 41 to 5 prem. ; ditto,
New, 44: to prem.; Hudson's Bay, 154 to 1 ;
Egyptian Trading, 4 to 1 dis. ; and Ottoman Socidt6
Gihnimle, 24 to 4 prem.
The quotations for the shares of some of
the new companies are subjoined :-Metropolitan
District Railways, 9 to 10 prem. ; Varna Rail-
way, 7to 1 prem. ; Millwall Freehold Land and
Docks, 14 to 1 dia. ; Moscow Gas, 4 din. to par ;
Anglo-Egyptian Navigation, 3 to 1 prem. ; and
Russian Iron Works, 1 to 14 prem.
At Paris to-day, according to Mr. Reuter's
telegram, the Three per Cent. Rentes opened at
67fr. 60c., being 50. lower.
The report of the directors of the Antwerp and
Rotterdam Railways, to be submitted at the annual
meeting on the 4th of May, recommends a distri-
bution of 13f. 50c. per share.
The first report of the directors of the City of
London Real Property Company (Limited), to be
presented at the general meeting on the Ist of May,
showsthat there is &revenue balance in favour of the
company of 71397 L., from which the directors re-
commend a dividend of 7 per cent., carrying forward
the remainder.
We are informed that the "Mercantile and Ex-
change Bank having made satisfactory arrange.
menu with the Clydesdale Banking Company (who
will act as their correspondents in Scotland), intend
to withdraw their branch from Glasgow. Mr. Wil-
liam Brown, the manager of the Mercantile and
Exchange Bank in Glasgow, will rejoin the ma-
nagement of the Clydesdale Bank."
The prospectus of the Zante Petroleum Company
(Limited) is in circulation. This company proposes
to purchase and develop a property in the island of
Zante. Two of the springs are said to have yielded
this product for more than 2,000 years. The pro-
perty is within a few hundred yards of a safe an-
chorage. Attached to the prospectus are reports
from Dr. B. H. Paul, Professor Austad, and Colonel
J. E. Gowen, all of whom have visited the spot.
The purchase money is 2,000 shares of Si. each,
and 5,0001. in cash ; but one-half of the money is
to be withheld from the vendor until "the yield
in one year shall be sufficient, after deducting all
charges, to pay a dividend of WI. per cent. to the
shareholders, and the 2,000 shares are not till then
to be transferred without the consent of the direc-
tors." The capital is fixed at 60,0001., in 12,000
shares of 51. each, but the first LIARS is not to exceed
one-half of this amount.
We are requested to state that Mr. R. M. B.
Hick; of Southwick-crescent, has missed to be a
director of the Saloon Steam-packet Company.
In the case of the Great Northern and Midland
Coal Company (Limited), now winding up in the
Court of Bankruptcy, a dividend meeting is fixed
for the Bth of May.
The numbers are published of 745 bonds, amount-
ing to 79,1001., of the Danish Three per dent. Loan
of 1825, which have been cancelled by the half-
yearly sinking fund.
Messrs. Baring Brothers and Co. have announced
the dividends due the let proximo on Quebec City
Sterling Six per Cent. Bond; also on Louisiana
State Sterling Ave per Cent. Bond; issued in
favour of the Second Municipality of New Orleans.
Messrs. R. Raphael and Sons have announced
the payment, in due course, of the Danish Deben-
tures of 1864 and Coupons, due the Ist May.
The Union Bank of Australia have advertised the
half-year's interest, due the Ist May, on the City of
Melbourne Loan.
Tug LATE FIELD-MARSHAL VISCOUNT COMBER-
The question as to whether we have now reached
WIRE.-,p masonic ledge* of the county of Chester have
a turning point in the commercial depression is j..t for„..ded to the vinculum Dowager comber,
discussed in this week's circular of Messrs. Joseph addresses of condolence en her rant bereavement, and
Travers and Sons, from which we make the sub- the members of the provincial grand lodge have tine-
joined extract : mind through Lord De Tabiey a handsome illuminated
record of their sympathy and of their veneration for the
The limPt"as this week have bees stmiger than at a" *neater and virtues of their late Mend grand master.
former time of the possibility of our having arrived at the Sox;-Brigadier-General G. W.
GL...11M/12.0...daL Las'te
*tic: whohenwevaersteadhavye ming:len theof
rcrapvetZutmameyntabeduerlacted.g theG~,v Sheridan, is the oldest son
past two months that no confidence can be felt. The for Of Dead Robert Lee- Be was former)" in the ensi-
dicatioes as yet are that the markets may remain two or wag corps of the United Staten army. Bripdier-General
three weeks in a DalleitiVe eta* experiemeing a encomia W. Ltilteralk Lee- killed Petedekellfo wee the
aeaad
of interruptions to any upward movement that may slowly a a Robert E Lee. He am second beutenasit
occur. Low prima must inevitably nun leither • dimiou. in the Uinta Stan army awe the war commenced.
lion of production or of its at ;in the first nee ship- RAILWAY COMMUNICATION lIIPECTED IN AMERICA.
meats would be checked, in the amid they would be -The New Port Times has the following under the title
se large as ever ; but as it is likely that the of "Jobs Ball's obstinacy and stupidity " :-" Tee British
cost of producing most articles has reached its lowest nation is underpin ens of its semi-ceessiosal spasms
point, the inference is that shipments will be die- about railroad aides* The great problem how is ea-
coursed by the present low prima. At present the mosey Wish enninurmatioe betweea the paammeger-ears and the
market new to tend towards further use, and the cheap- engine-driver is again paling the been of our thiek-
ness of food, owing to wheat being at the lowest price headed old grandmother. ft was datum& in parliament
touched during the past twenty years, will enable the open- few eights since, and ldr. Milner Gibson made light of it.
tin dunes to continue the enjoyment of a proportionably Wham** the Timer is deluged with letters
larger supply of imported articles. Consideriog these otr- from persons who my that if Mr. Gibson bed
cumanoces, and bearing in mind that the comparatively been in their places en suck and sock coostioes,
he
low quotation to which cotton has now returned will re- would have thought it a serious matter. Dame hicredible,
establish the trade of Lancashire on a basis of security, but it is tine, that for 15 or 26 years this ample problem
there will, be good ironed, especially if there bee favoured* has been a matter of profound and ineffective damn= Is
harvest, to anticipate for the great manes of the popula. England. Boards of engineers, comattess of directors, and
*Lion a condition of comfort throughout the remainder of all sorts of scintilla sad learned *aim have ben held
the year. motion after session, year after year, to dame some way el
The position of the Calcutta money market is informing she *Omer that the Vets ie off the tnick7 , that'
noticed as follows in the Chamber of Commerce °mut° dm, ar km' •°`•• •11•
reason be ought to stop his train. But all in vain.
Price Current of the 21st of March : To this day there is no possible Melee of oommtinicaties
Thomsen hubs= relieved eater than was anticipated Y betweee the carriage and the marina. The simple =pe-
at the date of our last, very large supplies of spas having dint of rusting a cord *der the roof the whole length of
ale is from Bombay, the Straits, and China, with • marla ' the trais, whiela bee boa in use on every railroad in the
fall at off the demand for silver from the interior, and' United States for twenaLdean, is all pronounced utterly
ia
the reaction in the value of mosey has bees rapid. Os the haresele by the antheritin of England. Jan
16th lastest the Bask rake was reduced front 12 to 11 par I Ball is certainAy, in many things, the most obstinately stupid
teat, but money was offering outside on easier teems, and old fool that ever lived. Fifty years from sow he will pee-
k available to-day at 10 per cent on government securities ; bably adopt the American style of Tana comronsication ;
is the baser Ent-thee native acceptances are dieootusted at bat be won't do it us* compelled, even if pelf his saints
sto 9 per cat, or 3 per oent lower thee the mates sling reset siseanwitile."