The Express.
London, England, 1865-06-20 00:00:00

lIIONEY MARHAT.-(THIS 1947 J

xisiamesßous.
Atlantic Talagraph, fp:wanted 8 per mak, s*.
City of London Beal Property (Ulaited), 2j.
Commercial Union Isimusare.
Contract Oacpceatios )B*. 5 dlr.
Crystal Falun, We, 11, 9.
East Whin lend Owdb and Flamm (Lindted), 5.
East India Iniption sad 71.
Oasnrosrcial and (Limited), 31.
1/1= Bay, 154 e.
Intonational Finanoial Boolaty ,lea). s!
Malwall Freehold Land and Dock, 2:71.
North British and Mercantile Insarseca, 17f.
Ottoman Company (Limited), 3i.
Panama, Now (71. paid), 51.
ebrada Land galland Main (Limited), 3.
Royal Nail Steam, 108 to .
Thames and Yaw no Inonranas (Limited), 74.

as a remarkable speculation, dependent of course
upon the snecesshil laying and working of the
cable. Should this be accomplished, the peeder-
ence shareholders will doubtless !soon receive an
enormous dividend and bonus, apart from tbe satis-
faction which they will feel from having contributed
so the carrying out of this great and beneficent inter-
tuitional enterprise. Should the attempt fail the
subscribers to the present issue will of course lose
their money, but the prospectus nientions that
1" leading insurance companies and Lloyd's have
I underwritten policies embracing every risk of laying,
insulation, &c., at 25 guineas per cent., showing
their confidence in the result anticipated." Of the
present issue of shares 10,000 are to be appropriated
Ito applicants who are shareholders in the Credit
IFoncier and Mobilier of England, 10,000 to share-
holders in the Imperial Mercantile Credit Associa-
tion, 10,000 to shareholders in the Atlantic Tele-
graph Company, 10,000 to shareholders in the
Telegraph Construction and Maintenance Company
(Limited), and 10,000 shares will be appropriated
amongst the general public. finally, it is explained
that any deficiency of applications in either of the
above classes will be added to the number to allot
amongst other class of applications, it being the in-
tention to make an allotment to each applicant."
Of the 51., 1/. per share is to be paid on application
and the remaining 4/. on allotment, so that there
will be no further liability.
At an extraordinary general meeting yesterday of
the London, Buenos Ayres, and River Plate Bank,
an interim dividend at the rate of 10 per cent, per
anr um was declared.
It is notified that the transfer books of the later"
national Financial Society will be closed from
Saturday next, the 24th inst., until Monday, the
3rd July, both inclusive, preparatory to payment of
interest at the rate of 5 per cent. per annum, fee
the half-year ending the 30th inst.
An extraordinary meeting of the Oriental Gas
Company (Limited) is convened for the 30th inst.
The half-yearly meeting of the Bliymnev Iron
Company is called for the sth of July.
The remaining moiety of 501. percent. on the Six
per Cent. Guarantee.. Stock of the North British
Australasian Company (Limited) will become pay-
able on the 20th of July, when the half-year's
interest on the first instalment can be received.
ne arrangements are notified in oonnexion with
the payment of interest on the shares of the General
Irrigation and Water Supply Company of France
(Limited).
Notice is given that a petition for the winding
up of the City and County Assurance Company
(Limited) is to be heard before the Master of the
Rolls on the 24th inst.
Admiral Currie has joined the board of the
Breech Loading Armoury Company (Limited).

Two o'Onocx.
The stock markets to-day are steady, although
Widmer remains very inactive. The funds are
unaltered. Foreign bonds are firm, and an advance
has taken place in Spanish Passive and Certificates.
As regards home railways scarcely any change is
observable.
In the discount market to-day there is a large
amount of money seeking employment, and little
paper offering ; yet the quotation for the best bills
is maintained at 3 per cent. Is the Stook Exchange,
loans from day to day, on English government
securities, are obtainable at 29 per cent.
Consols are now quoted 901 to 1, ex div., for
money,and 90} toil, ex div. for the account (July 6).
The official business report is as follows :—Tbree
per Cent. Console, for money, 904, 4; ditto for sect,
90} ; Threeper Cents. Reduced, 894, 4, 1 ; New
Three per Cents., 891, 4, } ; Bank Stook, 2461;
India Five per Cent. Stock, 1041, 4 ; and Exche-
quer Bills, ss„ 25., se. prem.
The government broker has bought to-day
15,0001. Reduced Three per Ceuta• for the sinking
fund. .
Spanish Passive Bonds and Certificates have
risen } to 4 per cent., and Turkish COURO-
lidia 1. Other foreign stocks are steady.
Some of the present quotations are subjoined
Thrkiah, 1858, 73 to 74 ; ditto, 1862, 74 to 1 ;
ditto Consolid6s, 50} to 4 ; Mexican, 251 to 1 ;
Spanish Passive, 301 to 4 ; ditto Certificates,
151 to 4 ; Greek, 21} to 4 ; and Confederate, G to &
Transactions are recorded as follows t—Brazilian,
1863, 81} ; Danubian, 814 ; Egyptian, 1864, 941,
41; Greek, for account, 214, 4 ; ditto Coupons,
for account, 81 ; Italian scrip, 24 die. ;
Mexican, for accoant, 254 ; Russian, 1859, 56 ;
ditto, 1862, 914, 4 ; ditto, 1864, at} ; Sar-
dinian, for account, 751, ex div. ; Spanish, for
account, 49} ; ditto, New Deferred, for secount,4ol ;
ditto Passive, for account, 301, 4 ; ditto Certifi-
cates, for account, 141 ; Turkish, 1862, for account; '
741 ; ditto 1001. Bonds, 74 ; ditto 1865, 474, 4 ;
Venezuela, 1884, 411.
At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent. Rental opened at
661 r. 300., showing no change of importance.
International Financial shares are now quoted
11 to 4 prem.; General Credit, 2 to 4 prem.;
London Financial, 71 to 8} prem. ; Imperial Mer-
cantile, 241 to 9 prem. ; Credit Foncier and
Mobilier of England, 4 to 4 prem., ex die.; Hud-
son's Bay, 161 to 4, showing a rise ; and Egyptian
Trading, 1 to 1 dia.
The nominal quotations for the shares of some
of the new companies are subjoined :—Lion
Brewery, 14 to 2 prem. ; Peruvian Railways,
2} to 1 prem. ; Metropolitan Extension Rail-
ways A. stook of the London, Chatha
mand
Dover Company, 62 to 64, per 1001. stock
Waterloo and Whitehall Railway, 1 to 2 prem. ;
London and Mediterranean Bank, 21 to 34 prem. ;
Northern Assam, 1 to 4 prem.; Downs Docks,
11 to 2 prem. ; East London Railway scrip, 2 to 21
prem. ; ditto, paid up, 2 to 21 prem. ; London
Merchants' Company, 3} to 31 prem. ; Blakely
Ordnsnce, 21 to 31 prem.; and Atlantic Telegraph
preference, a to 1 prem.
It is notified that bonds of the Danubian Princi-
palities Loan are row being given, in exchange for
the bankers' receipts, at the Imperial Ottoman
Bank.
About 4,0001. in bar gold was sent into the Bank
yesterday, in addition to 8,000 sovereigns from
New Orleans.
The committee of the Stock Exchange have ap-
pointed Thursday, the 22nd of June, a special
esiAling day in the shares of the Moyer Coffee Com-
pany (Limited), which are to be marked in the twice
a week list
i We understand that some important gunnery
experiments are to take place to-morrow at Shosburyness. The Brighton Railway traffic return shows this
week an increase of 1,3851. over the corresponding
The Duke of Seminal and several of the Lords of the Ad- week of last year ; and the South Eastern an in-
miralty, the Earl de Grey, Secretary of State for War, and a crease of 1,1951.
large number of Mara" ale expected to be Mem" ea the The new principle in limited liability involved in
occasion.
The sewed converaazione of the Royal Horticul- tbe_f_c,,,,,rmastlon,l3,f_the London Merchants' Company
tarsi Society will be held by the Duke of Buirelench on (adenine/ iii already aneeeeatif It in g° far " regards
Thursday nest, instead of Wedessday, the day ceiginally the verdict of the stock markets. The issue of the
fixed. prospectus yesterday attracted great attention.
MR. LEDGE MURRAY.—This accomplished come- The 1001. shares were first quoted 4 to 41 prem.,
dia having unfortunatelyhalm ') int a state a health mid closed at 31 to 4} prem., the applications
L
which has long incapacitated him for the discharge of his through the several bankers of the com-
professional duties, has at length been advised by the pity. . .
moans in atteedanoe upon him to try she effect of rest- OanY being already to a large extent.
dance inn more genial climate—that of the south of Fromm Apart, ho sever from Stock Exchange move-
With the view of facilitating this desirable object a new- manta: and attaching only their just weight to
bar of eminent and influential gentlemen have arranged a
complimentary beset% for him, which will take place ender the criticisms of those who, for obvious reasons,
is rte patronage of his Royal itighoess the PfillOa of Wales, are pertinaciously opposed to the irresistible pro-
,— et Drery.lane on Tuesday, the 27th inst. Many of the 1/reas of the limited liability principle, satisfaction
most distinguished members of the dramatic and musical is expressed at the prospect that the combination
ra professionsUve promised their co-operation. inaugurated by a powerful company of this descrip-
''' Tax COLLIERY EXPLOSION AT TREDEGAR—TER tion must give increased security to mercantile
DEGAS, MONMOUTHSHIRE, MONDAY.—Mr. Lionel Brough, transactions, and thus tend to oonaolidate our com-
the government inspector of the district, arrived on Satur-
day morning, and. in company with ttr. Bevan, the mercial position. A combination like that now
~
ma r, immediately descended the colliery. They re. effected presents a guarantee to all dealing with i.
meaner! down for several hours, and made as minute au against the mercantile disasters and losses which
exanneation of the workinp sa was possible under the sir- have occurred during the last fee years.
cumstaoces. Nothing has yet officially transpired as to the
omit of this inspection of the colliery, but as far as can he In reliance upon the large paid-uo capital,
ascertained the appearseces pretested by the working oon. the still larger reserve of uncalled capital,
firmed the opining already expressed that the gee took fire and well-audited balance-sheets, the com-
in • cross heeding in the back workings. The specific cause morels,' public will certainly be disposed to trust
of the explosion will very probably be never clearly arrived a great company like tide, and to take their
at, for the collier and his son who were worl:ing at this crew
heading were both killed. The workings have not been bills to preference to those of the ordinary run of
damaged to the extent that might have been expected from mercantile houses. That the working out of the
so disastrous an explosioe. Mr. Brough will continue his new principle coald not be entrusted to more cora-
examination of the colliery during the prosiest week, and it r3tent hands is indicated by the success which has
la expected that *Grand mining engineers will make an in. attended the operations of the three combined firms
'pectic, as well, in order to give evi4 epee at the isqueet.
The wearier and jury have agreed to reassemble on the during a period which has been marked by COolli-
-29th. This is the first serious accident that ever happened ra e u aa ion trade
de bl ft ct V in and by heavy losses iu
roduce
at the colliery. The officials of the company have received p. But though the present company is re-
instructions to supply the familiar and relativee, and others garded with satisfaction as introducing, under well-
who depended for support on those that were killed sod considered conditions, the joint-stock element into
injured, with everything they require, and there is little
doubt that they will be amply provided for, thus rendering a wide field of business for which it appears to be
a public subseriptioe uneerzerary. The sad event was re- e dremely well adapted, we may be permitted to ex-
will d'
!erred to at nearly all the climbs' and chapels of the pressabopethat mere imitations wil isconraged.
neighbourhood yesterday, and the thousands that followed If mercantile firms of third and fourth rate standing
the aorrsea of those who were buried gave to the Plan a are to be allowed to avail themselves of the limited
most solemn and mournful appearance. lishili.v fo-m to bolster up a doubtful position, and
METROPOLITAN Hass HOSPITAL DICTONSEIRZ-
,,_ to involve the public in heavy liabilities, we may soon
gowns, Crtv.—Ou Sunday morning the Right Se,' '"' have repetition of the loss and discredit which
Lord Bishop of Oxford preached • sermon in of the funds a
of this excellent charity, in the church of St. /Bridge, were occasioned by the formation, some time back,
Linden-stone, Csnoonotreet. The rev. prelate took for of a number of small financial companies,conetantly
him text the 4th and part of the sth MSS/ of the 11th competing with each other,and doing no good either
adapter of St. Matthew, and in the course of a moat eloquent
. discourse made a powerful appeal on behalf of tits impala, to their shareholders or to the public.
xe The oollsetioe amounted to 421. lle, issl. The Credit Foncier and Mobilier of England
THR INCCIRPOILATED SOCIRTY FOR THE ENLARGE- (Limited), iu conjunction with the Imperial MOT-
raw, BOMDING, AND RRPAIRING or CHURCHINI AND motile Credit Association (Limited), announce that
CHAPELS.- This society held its last meeting bat one far the they are prepared to receive subscriptions for 50,000
present session at the society's house. No. 7, Whitehall.
yesterday ; the Lord Bishop of Lichfield in the chair; there
were also present the Bishops of Oxford, preference shares, being the balance of the capital of Tax Rsemer nsttwar Accirentra.—No lass than
Bangnr, aa4 the Atlantic Telegraph Company, not yet issued to I MO aasszakaistd ham."'" tickets were awned by the Iteil-
Liandaff ; Sir Walter James, Bart, Sir Thomss Phillips ; the general public. These 50,000 shares, of 51.
the Hos. and Very Rev, the Dean of York, Rev. Canon rest. bear 8 per cent. per annum preference inte- off the line at Retinal, and some of the injured in the col-
way Parseagers' esseresee Company for tbe o that ran
Neiman, Ray. W. R. o°Snw. sod Roe. Robert Teittoli ; rest. The date for the departure of the Great geliata isenoted.""sYrial.bsinentseandDainna,we hdoisaawtrbialtied.SlshadPl4oeurdly
Marra John Boodle, George Oewburn, J. Park Harrison, Eastern steamship with the cable is fixed for the paid 4d. for a return journey insurence deice, and his
J. G. Hubbard. IL P. ; Rev. George Ainslie,M.A.,ssentary,
and Rev. B. Reid. assistant amt.". umnfa of mow Bth of next month, and it is scarcely neesseary to handy hien" °gilled 141 hC"
RAILWAY Taavieturto rir 1865.—As parlia.
amounting to COL were made In aid of the following objects : remark that the progress of the work will be preserved, and forma portion of the
Building churches at Dwygyfylchi, near Conway: Chigwell. watched with intense interest. It appears that the am'a
histrylort= itls worthy of notice that there has
row,_ near London • Glimmer, in the wish of Llama! flat scale of charges for the transmission of men- ,a, beta eueed among them an offline! report made by the
(UR.,•m•rthee) ; Hull, St. Michael ; sad Jersey, St. Simon' sages,. as agreed to with her Majesty's government, Governmentt
Inspectorof Railways, is which he skee the
or otherwise increasing the accommodatiae in the
W.-rani-at Ainimo, nest jAannenjon . Baindasid. nom was Es. 6d. per word, subsequently increased to ss. 1 foilowniegwatstemeet in relation
as railway
trail:offing
as well as railway officers of all
Honhein ; Menheniot, nearLiskeard ; 'Sarrat, Dear Ida. per wori, but the Lords of the Treasury have con- , "Ge tle 11 paler 1
,contentlytuse to travel eingly'elth • stranger a
mammon& ; Tonbridge Wells, St. Stephen's ; Woodford, seated, within the last few days, that the company .the da•
thews se wider the belief that It is truly coos o
Boa/ Tbrarttooll i yes, near Uzi:whir' ; llehhersteaer shall experimentally charge until the let September 1 m to avoid; is tate easeeer all risk of beiag accuTerZ
sear Milford Haves ; Mendlesham, near Steelman, Suffolk ; next, " without restriction, such rates for messages IfieTiotepeess or extortion, of Iseult or essaalt.* This may
Morpeth.
WytcnNorthumberlad; Ogbourne St. George, seer
Merlhoreugh ; and o near Huntingdon. The grant as the company may, on full consideration, deem ' one day be t a steelier indiest;es of the areassee and
BMA It is stated, upon what is
formerly made towards =imaging the church at Markfield, , reasonable and proper;' and the prospectus goeson to , macaw at the , hla the year of rase 1818.
near Wooster, was immersed. A grant was also made ' make the remarkable statement that "is is fully I 13"111 "2.
Marys expected that by this arrangement the net profits , ("as'do, aoerank iunrjaaaoonobi,oadbeiltYlafai,d tainlmagia"l"&earaire' thatabtwobelibersecie
towards building a school the
in the palish of fit
Oldham, Laeoishire. Muth feeling of disappointment wss will reach one million sterling per annum." The , ilic-ciunno Rsahegas ea OM J Eme-Shuttlemorth at
, again expressed at the reduced amount of grants necessarily —llfeeoloarsGuardine.
- 1 acted to the above cases, ands hope entertained that cos' capital of the company being composed of 100,0001 s 1 ties geodes
PREFERENCE. SHARES. , I triitationa on a larger seals than has recently been exped live per cent. debentures, 800,0001. eight per vent HOSPITAL POE DISRASICS OF TON CH M; •VIG.
Groat SWAM, Boaters Counties Eatessica Na 1006 - 1 visaed will moos be received, enabling the Dowd to deal preference shares (of which the present issue forms TORIA•TAIIIL —list arsolvereary sermon ea bob& of Skis
Great Wasters, Original Prof. 44 per ant., 66. I more geserously with applications for the relief el spirituel i the balance), and 600,0001„ crainegy shares, the . wield charity erss preached ee flnedey sends' last to the
! gum annually required to pay the changes on the 'ate
Booip ra'rboi.,,,bl vicar of rt.a..eieresaillbnir ed
Naffed Le
FOREIGN RAILWAYS. destitutioe.
Bahia and Sea Premien) (Liss.), perm 7 per Nett I. COTTON PLairrtito.—We learn that two American
Data Rhenish (161. paid), 23. 'madames have lowed about case bundled sores el lead is debentures and preference stock. as "11 all 4 per fan; 06. FA. is dm Pula alail—"-'----eab of M. MEFF• gbatAfords
}lunar sad Liege, rm. 6 per gest pat by the Bsifasa paw tuned, ang h.,. moan szgandinnfonn 40 *as gg cant on the ordinary capital, would be only 77,000/. Bon. a, eelieselen um we. es bob eszesiese tow
geverwasat, 19i. suns with costee.—Peoeme Sow. in all. The stook show ceased ay thus be regarded
=miles tits aseutiel egessiiess el the Weibel.

-RLILWITIL

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20,0001 60
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54 64 66
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XO3IDAI Svstva
Consols, whieb closed on Saturday at 901 to
div., for the Bth of July, opened this morning
at the same quotation, and, after declining to 901
to f, closed at 901 " buyers." For money the last
price was 90f to t. The official business report
is as follows :—Tbree per Cent. Console, for
money, 901, I, ; ditto, for amount, 901;
Three per Ceuta. Reduced, 89} ; New Three per
Cents., 891, f ; New Two-and-a-Half per Cents.,
72 ; Annuities, 1885, 14 1-16 ; Bank Stock, 245;
India, Stock, shut ; ditto Five per Cont. 'thick,

1041.
The India' Five per Cent. stock was inquired
for. Exchequer Bills were steady at 2s. to ss.

prem.
In the foreign stock market the chief movement
was a fall of g to } per cent. in Spanish Passive
and Certificates. There was also a decline of }in
Italian scrip. Other stocks, however, showed
steadiness. Turkish scrip and Venezuela Bonds
of 1864 improved } per cent. and Turkish
Conaolidds, Graek, Mexican, andltalian stock, 4.
In the market for bank shares a fresh improve-
meat took place in Agra and Masterman's. Bank
of Australasia, Bank of Egypt, Imperial Ottoman,
and Standard Bank of Africa shares were also
better. English Joint Stock Bank, English and
Swedish, and Chartered Mercantile Bank of India,
Australia, and China were weaker.
Hudson's Bay shares were last quoted to-day 1511
to 1 ; National Discount, 101 to 111 prem. •
Joint Stock Discount, 11 to 11 die. ; Egyptian
Trading, 1 to } die. • Ottoman Socieui Generale,
3 to 3} prem. ; and Milan Improvements, 4to 5
prem. There were inquiries for Berlin Water-
works, Crystal Palace, London and Caledonian
Marine Insurance, and Telegraph Construction
shares. Peninsular and tal Steam
Orien Royal
Mail Steam, and Quebrada Land and Mining
were flat.
The shares of the financial companies were a
little more offered, and in some cases a m-
'
ducLion of 2s. Gd. per share took place. The
closing quotations are annexe viz. :—lnter-
national Financial, 1} to 1 prem. ; Ge-
neral Credit, 2 to 2} prem. • London Finan-
cial, 8 to 8} pram. ; Imperial Mercantile Credit,
2} to 1 prem.; Credit Fonder and Mobilier (both
old and new shares), 31 to 41 prem., ex div.
The closing (but in some cases nominal) quota-
tions for shares in new undertakings are sub-
joined :—Rio de Janeiro Gas, par to 1 rem. ; Lion
Brewery, 1} to 2 prem. ; Peruvian Railways, 2} to
I prem. Estates Investment, 1} to 1 die. ; Cheshire
Salt Works, 1} to 2i prem. ; London-bridge Land,
}}to to; prem. ; Northern Assam Tea, par to prem.;
Ikea= Iron Works, 7to 8 prem.; Lon on and
Mediterranean Bank, 3 to } pram. ; Blakely
Ordnance, 21 to 3} prem. ; Waterloo and White-
hall Railway, 1 to 2 prem.; Enamelled Iron,
1 to 2 prem. • Downs Docks, 1 to 2 prem.;
Grange Town iron, 1 to 2 prem. • London Steam
Collier, 1} to 11 prem.; East London Railway
ririp, 24 to 3} prem. ; ditto, paid-up, 31 to 4
prem. ; North Rancid Iron, 1 to 2 prem. ; Albert
College, } to 1 prem.
The A stock of the Metropolitan Extension
Railways of the London, Chatham, awl Dover
Company is now quoted 62 to 64 per 1001. stock.
United States 5.20 Bonds have attained • fresh
rise of 1} per cent., closing at 71} to 1. The
demand extended to many other American seeuri-
ties, especially to Atlantic and Great Western Rail-
way debentures. Canada Government Six per
Cent& rose 1 per cent. There were also inquiries
for Cape of Good Hope Government debentures.

MINIIB.-(THIS DAY.)

Two o'CLocar.
The mining market is inactive to-day, and quo-
tations generally- exhibit no alteration, compared
with those last current yesterday. West Chiver-
ton shares are called 76 to 80; Wheal Rose
29e, to 30i, being rather better ; Zest Cain tree,
6i to * • and Chiverton, fit to 9.
Wash'oe Gold shares continue heavy, and have
further receded ; transactions are reported at 9
and