The Express.
London, England, 1865-03-25 00:00:00

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Two o'Cloew.
The transactions in the stook and share markets
are upon a rather restricted scale, as usual on Si
turday. The tone, nevertheless, is firm, and
the variations in prices are in a favourable
direction, owing chiefly to the satisfactory returns
of the Banks of England and France. Consols have
advanced 1 per cent., and a few British railway
stooks Ito 4. Foreign securities have been little
dealt in. The shares of the financial compaoies
are quoted about the same as yesterday.
The discount market eontinues quiet, with.* good
supply of money, and few bills offering. The rate
for the best paper is 41 to 1 per cent. In 4e Stock
Exchange loans from day to day on Englishlovern-
went securities are obtainable at 4 to 411ier cent.
At Paris to-day, according to Mre Reuter's
telegram, the Three per Cent. Renteilipened at
67fr. 32e., being about 1-16 per mince better than
yesterday. i
Console are now quoted 894 to 4 f 8 money, and
891 to 1 for the account (April 671: The official
business report is as follows :—Three per Cent.
Consols, for money, 891, 4 ; ditto for account,
891, 4 ; Three per Cents. Reduced, 874 ;
New Three per Cents., 874,1, 1 ; New Two-
and-a-Half per Cents., 721; Bank Stock, shut
India Five per Cent. Stock, 1011, 10154 ; and
Five per Cent. "enlaced" rupee paper, 1014.
The foreign stook market is inactive, and, with
the exception of a rise of 1 per mot. 'in Cassolichis
and Spanish Certificates, and a decline of
1 to 1 in Greek and the Turkish Loans
of 1858 and 1862, prices exhibit no variation.
Some of the present quotations are annexed, viz. :
Greek Bonds, 214 to 1 ; Mexican, 261 to 4 ;
Confederate, 354 to 361; Spanish Passive, 321 to
4 the Certificates, 171 to 4 ; Turkish, of
/858, 701 to 71, ex div. ; ditto 1862, 73 to
4 ; and the Consolidds, 531 to 4.
Transactions are recorded so follows :--Dannbian
scrip, 31 din, ex div. ; Egyptian, 941, ex div. ;
ditto second issue, 1001. bonds, 931 ; ditto 1864,
961 ; Greek, for account, 211 ; ditto Coupons, for
account, 81 ; Italian (Marenimana Railway), 681 .
Mexican, for account, 264; ditto, Anglo-French,
511; ; Russian, 1882, 891 ; ditto 1864, 91 ;
Spanish, for mama, 48 ; ditto Passive,
for account, 321 ; ditto Certificates, for
account, 171 ; Turkish, 1858, 1001. bonds,
75, ex div. ; ditto, 1862, for account, 731, 4 ; ditto
1001. bonds, 731,1, 74 ; Venezuela, for account,
18/ ; ditto 1864, 41.
Intonational Financial shares are now quoted
13.16 to 5-16 prem., ex div. ; General Credit,
21 to 1 prem., ex div.; Loudon Financial, bit to 61
prem., ex div. ; Imperial Mercantile, 11 to 1
prem., ex div. ; Hudson's Bay, 151 to 1 ; Otto-
man Societe Gendrale, 21 to i prem.
The quotations for the shares of some of
,the new companies are subjoined :—lietropoli-
tan District Railways, 9 to 10 prem. ; China
Steamship and Labuan Coal, 1 die. to par ; Rio
' Janeiro Gm, 1 to 11 prem. ; West Loudon Docks
and Warehouses, 1 to 04 die. ; Varna Rail-
way, 51 to 1 prem. ; South African Land and
1 Finance, 14 to 4 prem. ; Atlantic Railway Deben-
ture scrip, 8 to 9 prem.
Hair-rase Two o'Cwcx.
Consols have declined 1 per cent., the present
quotations being 891 to 4 for money, and 894 to
1 for the account. The reduction is understood
to have been caused by a large sale of stock on
account of an insurance company.
A meeting of holders of Venezuela Bondsof 1862,
was held at the London Tavern yesterday afternoon,
Mr. D. Robertson, M.P., in the chair, "To take
into consideration a proposal of the government of
Venezuela to substitute an assignment of 15 per
cent. of import duties in all the ports in lien of
the existing assignment of 55 per cent. of the
import duties of La Guayra and Puerto Cabello."
A long discussion took place, and it was decided to
appoint a committee to act with Messrs. Baring'
in the interests of the bondholders, and to report
the result of their proceedings at an adjourned
meeting.
Mears. Glyn, Mills, Carrie, and Co. have an-
nounced the dividend due the let of April on the
An to French Mexican Loan of 1864.
The exact amount of sperie. brought by the
steamer Ripon from Alexandria (including 11,4001.
lin silver from India) is 26,6501., and not 129,0001.,
lee previously reported.
The telegrams from Melbourne, just received,
report that 205,0001. in gold had been shipped for
Ragland during the month. This mail will not be
due in London till nearly the middle of April.
The foreign exchanges yesterday afternoon under-
went no alteration of importance, but the ten-
deny is still in favour of this country. Subjoined
lie our usual list :
Amsterdam, 3 months. 11.194 to 4 ; ditto, 3 days,
11.17 to 11.174 ; Rotterdam, S maiths,ll.l9j to 1 ; Ant-
werp, 3 months, 25.50 to 55; Hamburg, ma. tenon. 3
months, 13.9 to 4 ; Paris, 3 days, Z.=4 to
.274 ;
ditto, 3 mouth', 25.45 to 50; nallhfort-on-the-Melne 3
twontlia 1204 to 4 ; Si. Petersburg (per roublel, 3lnollths,
314 to 4 ; Vierma, eft 60.. 9 swaths, ILSO to 53 ; Triode
A. do., 3 months, 11.50 to 56: Madrid, 3 months,
474 to 4; Osdis, 3 months. 474 to 4 ; Leghorn, 3 months,
26.574 to 624; Genoa, 1 month', 35.574 to 624 ; Milan, 3
months, 7.5.574 to 624 ,• Naples, 3 months, 25.574 to
624 ; Nieves, 3 month& 25.574 to 624 ; Messina, 3
seesthe, 25.574 to 624 ; Lisbon. 90 drys. 514 to I ; Oporto,
10 days, 514 to 1.
' The failure of Messrs. Smith, Douglas, and Co.,
of London and Messrs. James Smith and Co.,
lof LiverpOoL forming vole establishment, is an-
t nounoed, with liabilities to the amount of be-
tween 300,0001. and 400,0001., principally in con-
nection with the produce market. This house is
connected with that of Messrs. Grant, Smith, and
Co., of Calcutta, but the latter firm, according to
the subjoined circular which has been issued o the
creditors, will Dot be affected by the suspension
now referred to. With regard to the question of
assets little is known at present :
5, Lime street, London, March 24.
Dear Sim—Heavy losses which we have recoatly ear
Woe& have, we deeply regret to Worm you., ooespeiled se
to saspeed payment. Messrs. Grant. Smith, and Co., of
Osloatta, in which firm we have as interest, will in no way
be affected by oar suspension. Our books, with the ore-
°armee of the principal creditors, are in the hands of
News. Hemp, Canaan, Fold, sod Co., who will prepare a
"Weepiest which they will plate haw you as early ea
possible. Meanwhile, solivitioe your forbserame, we are,
dear sirs, yours faithfully,
831.1111, Dorozsa, sad Co., Leaden.
J. MOTU sad Co., Liverpool.
A meeting of the creditors of Mr. Thomas Stirling
Begbie, who suspended payment on the 13th inst.,
was held yesterday at the offices of Messrs. Quilter,
Ball, and Co., under the presidency of Mr. Jmvh
Hoare, when a statement of his affairs was sub
witted, showing liabilities to the extent of 350,0091.,
by far the greater portion of which is eecured or
otherwise provided for. It is estimated that under
the most unfavourable circumstances the unsecured
creditors will receive a dividend of at least 10a. in
the pound, and in certain contingencies the figures
show a surplus after payment of all creditors in full.
The chairman and the creditors generally ennead
a high opinion of Mr. Begbie's integrity and ability,
and their full reliance upon his exertions to secure
a favourable result for his ceeditors. It was unani-1
mously resolved that the estate be wound up under
tbs inspection of Mr. Joseph Hoare and Mr. Peter
Denny.
A new undertaking called the Financial Insu-
rance Company (Limited) is announced. This
company was established last year for the porpoise
art carrying on life, fire, and guarantee busi-
ness in Great Britain, on the omit:i-
nset, in India, the colonies, and elsewhere.
1 It appears that the company has already done a
1 considerable amount of business, having received
1,272 proposals, for ensuring 1,034,431 L, and that
boards have been formed in Paris, Florence, and

Pamir Evasirso.
Consols, which closed yesterday at 89} to i for
the 6th April, opened and closed to-day at 89}
to For money the last price was 89* to
The official busine-s report is as follows :.--Thies
per Cent. Consols, for money, 891, e, ditto, for
account, 891 ; Three per Cents. Redound, 871, ;
New Three per Cents., 87i, ; Bank Stock,
for account, 2421, ex div. ; India Stock, 214
ditto Five per Cent. Stock, 1014 10if ; ditto

Bonds, 15e. prem.
The India Five per Cent. stock TM steady. India
Bonds were purchased at 15a. prem. rachequer
Bills were quoted 3e. to 6s. prem.
The late rise in Spanish Certificates has beam
followed by realisations, and the price bas to-day
experienced a relapse of 1 per ewe. The Passive
Debt, as well as Turkish Consolidds, Mexican
Bonds, and Italian stock, declined 4, and Greek
Bonds and Coupons 1. Venezuela Old Bonds
were heavy, but the Six per Cents. of 1964 have
improved 4 per cent. upon the announcement of
the dividend. There was also an advance of 14 per
cent, in Confederate, 1 to 1 in Montevidean scrip,
and 1 in Turkish Bonds of 1862.
In the market for bank shares an improvemeat
was quoted in Agra and Masterrean's, Bank of
Otago, Loudon Chartered Bank of Australia, and
Imperial Ottoman Bank. The latter have risen to
71 to 1 prem., on a rumour that this bank may
possibly share in the project for remodelling the
Turkish home debt. As regard Standard Bank of
Africa, National Bank, Provincial Banking Cor-
poration, and European Bank shares, somewhat
lower prices were quoted.
Hudson's Bay 'bares were last quoted to-day
151 to 4, being firm; Kgyptian Trading, 4 o!em. •
National Discount, 94 to 1 prom. ; Joint Stool;
Disemint, 24 to 11 dis., being slightly firmer ;
Ottoman Socidt4 Geindrale, 2 to Ilium. ; and City
of Milan Improvements, 4# to prem. There
were inquiries for Australian ortgage, Berlin
Waterworks, Peel River Land, and Trust and
Loan of Upper Canada shares, while London and.
St. Katharine Dock declined 1 per cent. There
were inquiries for China Steam and Labium Coal
shares, which have improved to close upon par.
The shares of the financial companies have
scarcely moved to-day. National Financia/
were heavy. The Glaring Quotations are sal
were
viz. :—lnternational linsacia, 14 to 4
rem. • General Credit, 21 to 1 prem._ i Imams
Financial, 6 to 61 prem. • Imperial Mercantile
Credit, 14 to 11 prem. ; and Credit lowlier and
Mobilier (old shares), 54 to i prem.
The closing (bat in some eases nominallizneoeta-a
Lions for shares in new undertakings are en .
—Metropolitan District Railways, 9 to 10 prem.;
Varna Railway, 41 to 54 prem.; Rio de Janeiro
Gas, 1 to 14 prem. ; West Laudon Docks, 1 to
01 die. ; South African Land and Finance, 1 to
11 prem. ; and Rhos Hall Iron, 14 to 11 prem.