The Express.
London, England, 1862-04-07 00:00:00

PROVINCIAL MARI NARKR27I.

Msxmll/11.0, AM= 5.—A quiet market atrather lower prior.
Grand Trunk of Canada, great Western e 1 Pmada 1/15—
Manchester, Shelßeld, and IlsooWairs, ASNorth Pastern
Berwick," 965—Sonth Boaters, 1121 s—Theass and Mersey
Marine Insurance, 15 p.—Diateiet Beak, 175 p.—laseaddre In-
surance, 5 d.—Union Bank, 25 p.—Pir• Searerestee, 5 d.
BranGtollsx, APRIL s.—Staffordihks Gin 251. share. were
sold to-day at 50 . and tOL shares at dOL Birmingham Gua-
ranteed Block quoted, buyers, at 775; and Coventry and Nun-
eaton, at Ill; Shropshire Union closed at 47 to 48; and South
Stafford. at 105 to 11. Market quiet.
Anal 5.-6betSeld, 43—loeds, 1075—Midland, 117 5 5.

MOSSY MARKET.-(THIS 1141.)

Two D'Cuoca.

The stock market' to-day are heavy. A check is
given by the continued wet weather. The funds
have fallen k per cent., and most of the principal
English railways to per cent. Business generally
in the Stock Exchange is limited, attention being
diverted to the new projects.

The shares of the Bank of British Columbia
and Vancouver's Island are quoted 311 to 4 prem.,
the project being received with great favour.
The scrip of the new Turkish Loan has declined
to 11 to 11 prem., and that of the Egyptian Loan to
to 11 prem.

At Paris this morning, according to Mr. Renter's
alegram, the Three per Cent. Rentes were quoted
'Mfr., showing no alteration.

Consols are officially marked 93f, 94, 934, for
money, and 934 for the account. The present quo-
tation is 931 to 4 both for cash and next Thursday's
settlement. The official business report is as follows :
—Bank Stock, 236, 2354 ; Three per Cents. Re-
duced, 924, • New Three per Cents., 924, 4 ;
llndia Stock, 2244 ; ditto Five per Cent. Stock,
1084, 4; ditto Four per Cent. Debentures,
1864, 1001 ; ditto 1864 or 1866, 1004 ;
Four per Cent. "enlaced" rupee paper, 904 ; ditto
Five per Cent., 1024 ; ditto Five-and-a-Half per
Cent., 1084 ; Exchequer Bills, 18s. prem.
Foreign stocks are inactive. Turkish remain
heavy : the Loan of 1864 is now quoted 83} to 4,
and that of 1868, 70 to 4. Mexican Bonds,
after being sold at 334, are last marked 334.
Moorish Scrip remains firm. Sales are recorded
as follows :—Dutch Two-and-a-Half per Cents.,
644 (exch., 129.); ditto Four per Cent. Certificates,
100, 994, ex div. ; Italian Five per Cents.,
664 (exchange Mfr.); Mexican Three per
Cents., for aooount, 334, 4, ; Moorish
Scrip, 64 premium ; Portuguese Three per
Cents., 1863, for account, 46, 454 ; Sardinian
Five per Cents., 814, 824; Spanish New
Deferred Three per Cents., for account,
434, ; Turkish Six per Cents., 1864, for account,
834, ; ditto Six per Cents., 1868, for account.
704, 4, 4.

The new Egyptian Loan has proved a complete
success. While the total amount of stock offered is
but 2,195,2001., the applications on Saturday, the
first day, amounted to between 3,800,0001. and
4,000,0081. The list of one broker's firm repre-
sented 1,500,0001. To prevent wide-spread dis-
appointment the annexed notice of the closing of
the list has been promptlyferwarded to us.
" Egyptian Loan. April 5, 1862.—N0 further
applications for this loan will be received after two
o'clock on Tuesday next, the Bth instant.—Lau-
renoe, Son, and Pearce, for the Agents of the

About 60,0001. in gold was sent into the Bank
on Saturday.
The Liverpool ootton market on Saturday was
♦wry strong, with sales to the extent of 7,000 bales.
The Chartered Bank of British Columbia and
Vancouver's Island is announced. It is formed
for the purpose of affording additional facili-
ties to those colonies, where the existing bank-
ing accommodation is quite inadequate to satisfy
the increasing requirements of trade. The project
has been well considered, as is shown by the fact
that, before coming to the public, the promoters
have obtained the consent of her Majesty's
government to grant a charter, which hag received
the approval of the law officers of the crown. The
present condition of affairs in British Columbia is
somewhat analogous to that which prevailed in
Australia daring the earlier years of the gold pro-
duction, and the enormous profits which were
realised at tbat period by the various Australian
banks form a favourable augury for the present
establishment. At present the miners is British
Columbia experience great difficulty in selling their
gold, for which California is the principal market.
Apart from the gold production, however, the other
resources of these colonies fully warrant the
formation of a new bank. The head office will be
in London, and the chief branch in Victoria,
V. L Amongst the forms of banking business
contemplated are exchange operations with
this country, Canada, China, India, Australia,
Japan. &c. It is scarcely necessary to refer to the
marked success which has attended nearly all
the existing Anglo-Colonial Banks. In an
undertaking of this kind everthing depends upon
the management, and it is therefore satisfactory to
remark that the court of directors is composed of
men of the highest commercial position and busi-
ness qualifications. The capital is 260,0001., in
112,600 shares of 201. each. The brokers are Messrs.
Mullen, Marshall, and Daniel, and Hill, Fawcett,
and Hill.

Another now undertaking projected in connexion
with the same colonies is the British Columbia
Overland Transit Company (Limited.) The capital
is to be 500,0001., with power to increase to
1,000,0001., in 101. shares. The promoters have
organised an overland route from Canada, passing
direct through British territory. Surveys have
traced a direct road, which, with a perfect organi-
sation of land transport, is stated to be at once
available. The company intends to form a
land transport train adapted both for passengers
and g4ods, a large immigrant traffic being anti-
cipated. Enterprise in this direction having been
encouraged by the legislatures both of Canada and
British Columbia, applications have been made
direct to them for local charters, with a view to
secure to the company exclusive privileges. The
hope is held out of accomplishing the distance
between Europe and British Columbia in about 25
days. Attached to the undertaking is .a scheme
for carrying on banking business in British
Columbia. It is more particularly proposed to deal
in bullion and gold dust upon the plan pursued by
the transit companies in California.
The prospectus of the Cape of Good Hope Tele-
graph Company (Limited) is likewise in circulation.
This company is formed under respectable auspices,
and apparently with bond fide objects. It will
construct and work electric telegraphs throughout
the colonies of South Africa. A contract has been
entered into with the colonial government for the
construction and maintenance of one line of tele-
graph, and the government has granted au annual
subsidy of 1,5001. for the transmission of its de-
spatches. A respectable contractor has undertaken
to construct and equip the line, and maintain it in
good working order for three months after comple-
tion, for a sum of 57,0001. This includes the
purchase of 87 miles of main line already
completed. The contractor will further pay 6 per
cent. interest on the capital during construction.
The work, from its utility and necessity, will of
course at all times command the support of the
government and of the colony. Of the 12,400
shares of 51. each, which form the capital (62,0001.),
a considerable number have already been sub-
scribed for.

Another new concern is the European Company
for Boat Building by Machinery (Limited). The
proposed capital is 50,0001., in shares of D. each.
The company is formed to purchase the series of
continental patents granted to Mr. Nathan Thomp-
son for his new process of building boat, by ma-
chinery. These patents are eight in number, and
refer to France, Austria, Sardinia, Spain, Belgium,
Holland, Sweden, and Denmark, in addition to
India. The directors state that "should they
arrange for a sale of any of these patents, they
anticipate that the transfer will be made in such a
way as will enable them to return the shareholders
not only the amount of their original capital,
with bonus, but also future dividends from the
royalties to be received from the purchasers." As
to the value of the invention, a series of remark-
able testimonies from competent authorities are
given. Mr. Thompson is to be paid in the pro-
portion of two-thirds in cash, and one-third in
shares, upon which no dividends are to be payable
until 10 per cent. per annum shall have been paid
to the other shareholders. By a sensiblo arrang -
ment it is stipulated that "the allotment of shares

will be pr) ral4, and strictly in the order of appli-
cation, as paid into the company's bank account."
The receipts of the Grand Trunk Railway of
Canada for the week ending the 15th of March were
15,611 f. sterling, being 651 L. more than in the cor-
responding week of last year.
The half-yearly meeting of tho Great Indian
Peninsula Railway Company is called for the 25th
inst.
Mr. James Morley and Mr. Hugh C. E. Childers,
M.P., have joined the London board of the Liver-
pool and Loudon Fire and Life Insurance Company.
We are requested to stet° that the list of appli-
cations for shares in Stevens's Patent Bread Ma-
chinery Company (Limited) will be closed on Mon-
day, the 14th inst.
The half-yearly interest on Panama Railroad
Seven per Cent. Bonds of 1866 is advertised by
Messrs. Cavan, Lubbock, and Ca

SATURDAY.EVENI2IO,

Consols, which closed yesterday at 93} 94 for
next Thursday's settlement, opened and closed to-
day at the same quotation. For money the last
price was likewise 931 to 94, and for the May
settlement, 94 to 4. The official business report is
as follows :—Three per Cent. Consols, for money,
931, 94 ; ditto for account (April ;10), 931, 94 ;
Bank Stock, shut ; ditto, for account, 237 ;
Three per Cents. Reduced, 92/; New Three
per Cents., 92g, ; India Five per Cent.
Stock, 1081, ; ditto Bonds, 255., 28e.
prem. ; Five per Cent. " enfaced" rupee paper,
103 ; ditto Fivelind-a Half per Cent., 1084.
The India Five per Cent. Stook was rather dull,
at 1084 to 4. India Bonds were quoted 255. to
28a. prem. ; and Exchequer Bills, 18e. to 21s.
prem.
Foreign stocks were heavy.

COMMERCIAL AND MARKETS.

MA RIE-LANL-(T1118 DAY)

The weather has again become very unsettled. MOM
WY a good deal of rain this morotog, but now (moon) it is
fair, but cloudy, with the wind from the North.
Koine-grown supply of wheat for lest week was particu-
larly short, as has been the case for some time pest. Flour
limited. Barley and beans moderate. Peas, tares, and seeds
very short. Malt and oats in fair quantity ; Scotch, almost
nothing arrived, but a more liberal supply of Irish oats
than for some time. The foreign arrivals of wheat were
again heavy, nearly half from America ; remainder Mediter-
mean, Black Sea, and Prussia. Flour, a very large quantity
of American barrels, nearly 70,000. Barley liberal from
the Mediterranean, Black Sea, Denmark, and Prussia.
Oats a small supply, Danish, Swedish, and Dutch. A
liberal supply of beans from the Mediterranean. No peas
reported. A large quantity of linseed, Best Indian, and •
small quantity of rapeseed, and several largo parcels of
maim from America. . .

The -concliticna-the Englibh wheat this morning is
extremely bad, very few sales rerted, and prices nomi-
nally the same aa broadly last. For foreign there is a retail
demand at that day's quotations. Flour very little &Angie
sack, but a little inqauy for American bands, at about the
quotations of this day week.
Barley.—Fine parcels in good request. Other sorts dull.
Value unchanged.
Oats.—A better demand today, and rather more motley
obtained for floe corn.
_ _ _

--Bean; and pea. in damp condition, and trade slow.
deeda—Tares, canary, cloverseed, and trefoil bat little
doing; liaised and rapeseed firm. mans la. per qr. lower.
FLOATING CARGOEB.--80TATAI on sale; pnoes the same at
on this day week, but with a downward tendency.
WHEAT.—English: Essex and Kent, white, new, b& to
62e.; ditto, due old, —s. to --e.; ditto, red, new, Ills. to 580.,
ditto, fine old, —e. to —a. ; Norfolk, he., fine old, —a. to
--e.; red, new, —e. to --s. Foreign : Dantric, 6L. to 63e.;
floe, 63a to 64x; extra, 64e. to Ma.; Konigsberg, 56e. to
ditto, extra, 635. to Ms.; Rostock, extra. 594. to 62a.;
Moiklenburg, 575. to flue. ; Uokermark ditto, —a. •
American white, fide. to 615.; ditto, red, 545. to 56a; Can-
dies, Ata to 56i.
/3a.m.sr.--lieglish =ado& 36.. to 375.
to ; EDO, 40s: ;
, 284. 30a to 3; and distilling, 31e. 3s. per qr. ;
lattlittuding, 265. to 30a; ditto distilling, 30s. to 32..
Mar.—English, &sox sad Norfolk, 589. to 4434. ; tiies
625. to 664. ; Kingston and Ware, 64e. to 66..; brown,
490. to 57a.

Osii.LEnglish feed, 20s. Od. to 235. Od. potato.
Ws. to 282. ; foreign, 21s. to 265.
Hakim -English tick, 34e. to 35e. ; barrow, 38e. to 39. ;
r3Bs. to 395. ; foreign, 305. to 324. ; tick,
tt37s. ; Konigsberg, 384. to 395. ; • , 321. to NU.
PILL-Email' boilers, 381. to 39a.; w to and I,lne, 38..
to 41s. ; maple, -s. to -s.; grey, 34a. to 381.; hog, 365.
to 38e. ; foreign. 34.. to 375.
Rung.-liogliah town, 48e. to 49e.; ditto Ins, 40s. to Ms.;
soantry, 44a. to 455. ; Norfolk and Saffolk, 38s. to 405.;
France, -a to -a. pa sack ; U.S. sweet, 27.. to 305.;
Oanadian. 275. to SOL : Spanish. -a. to --e.
ISLAS Eonn.-White, 32.. to 365. ; yellow, 30a. to 32a.
Fr an= CAtOOZO, ell C. F. and 1.-Wheat :
'mkt ands ople, per 4921b5., Mo. to 50s. ; (Mirka, 455.
Pdeass, per 4801bn, red, 425. to 441. ; white,
- Danube and Wats. 465. to 412. Egyptian.
345.; to 37.. Parlay: Neyptian and Symms, per 4001b5..
22e. to 23a. ; Odessa sad Danube, do., Zit. to 244. Betas :
Egyptian, per 480ib5.,31e. to 325. Mains : Odessa and Galati,.
per 4921b5., 31s. 0 to 325. ; 'brad and Boliptrirn, per
4801b5., 31s. Od. to 32a. ; French, do., -s. to -s. ;
American, do., 29.. to 30s. ; Egyptian, -a. to -I.
Illins.--Csniuy seed, per qr., 40s. to 604. ; Hemp-
/nod, per qr., 465. to 50s. ; Mustard seed, per bushel,
white, 6s. to 9s. ; browo, Ts. to 10s. ; Linseed, per qr.,
crushing, 60s. to 68.. ; Linseed cakes, English, per ton,
111. Os. to 12/. Os. ; American, thin, in brie., per ton,
12f. Os. to 121. 10c; do, in begs,lll. Os. to 111. 10s.; &hi;
01, to 01. 0..: Marseilles, 10!. to 101. 104.; Hope rakes, 61.
OLto 71. ; Tares, per bushel, wioter, Ba. to 9a. Od. ; Rape-
seed, English, per qr., 84e. to 72..