The Express.
London, England, 1865-12-14 00:00:00

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With reference to the Panjaub and Delhi Rail-
ways, we have received the following memorandum
from an authoritative source :—" Official letters
received by last mail state that Colonel N.
W. Flphinstone bad assumed char
.. of the
the agency of the Punjaub and Delhi Railways on
the 31st October. Colonel Elphinstone h ad f
or
or
many years bald high office under the governme
of the Punjaub, and has earned a 'Latin me
nd re-
putation for his administrative ability, and fhis
successful exertions in introducing education
amongst the natives."
We are requested to state that the share list of
Charles Laffitte and Company Limited) ll be
wi
closed for London on Saturday next, the 16th inst.,
and for the country and the continent on Monday,
the 18th.
It is also intimated that no applicat ions for shares
in the Colonial Company will be received
and
from
London after Saturday, the 16th instant,
Tuesday, the 18%, from the provinces and Scotland.
With reference to the market for American
securities, Messrs. E. F. Satterthwaite sal Co.
report as follows :
American securities have not been exempt from the dol-
ma sad a which has Merarderiscd other markets
during the pest few days. Yesterday was the lowest day
of the week, United States 5.? ll Bonds having classed
Ass low as 621 ; Illinois shams at 81:4 and Erie. at
57i. At the close of business today a manifestly strops
tone pervades the markets, lJnited Metes 5.2175 &suds
at 63i to t ; Illinois shares, 80 to i ; arid Eries. 571 to I.
with an improving tendency. All descriptions of Athatio
sad Great Western securities remain steedy, sad prime
exhibit but little alteration from lid week. The irme el
Comolidsted aerip closes i to 1 prem.

WiDIIIIIIIIIIT IMMO.
Consols, which closed yesterday at 874 to f,
ex div., for the 9th January, opened and closed
des at at the same quotation. For is
money the last
price was 87 to 4. The official businessfoe report
as follows :—Three per Cent. Consols, money,
864, 874, 87, 4 ex div. ; ditto, for aceount, 874, 1
ex div. ; Three per Centa. Reduced, 864,
Three per Cents., 864, 4,4, i ; New Two-and-a-
Half per Cents., 69, 4 ; Annuities, 1885, 13 13-16 ;
Bank Stock, 247, 4 ; India Stock (shut) ; ditto
Five per Cent. Stock, 1024, 4,4, ex div. ; Five
and-a-Half per Cent. " =faced" rupee papsr, 109.
The government broker bought today 12,000 E.
Reduced Three per Cents. for the sluicing fund.
Indian government securities were steady. Ex-
chequer Bills were quoted 6s. to 2s. dia.
In the foreign stock market, apart from the settle-
ment, business was limited, but the tendency of
prices was more favourable. There was an improve.
went of 1 per cent. in Buenos Ayres' Bonds of both
classes, and I in Mexican, Its New Granada
Deferred, and Spanish Certificates. As regards
Turkish stocks, there was an advance of 4 per cent.
in the Loan of 1862, and a decline of 4 in that of
1858, and 4 in that of 1865. The Italian State
Domain Loan was rather flatter.
Bank shares remain rather dull. Lower prices
were quoted today for Commercial Bank of India,
English Joint Stock, London and River Plate, and
Mercantile and Exchange Bank ; but London and
South Western and Merchant Bank shares were
firmer. Imperial Ottoman Beak have declined to
44 to 54 prem.
The shares of the financial companies were dull,
except Credit Foncier and Mobilier, which im-
proved about 2s. 61. The closing quotations were
as follows :—lnternational Financial, 4 to 4 prem.;
General Credit, 14 to 24 prem. ; London Financial,
54 to i prem. ; Imperial Mercantile Credit, 24 to
i prem. ; Credit Fonder and Mobilier, 34 to f
prem., ex div. and new ; and ditto new, 34 to f
prem.
National Discount shares were last quoted llf
to 12 prem., being firmer ; Joint Stock Discounts
4 to 4 dis. ; Hudson's Bay, 16 to 4, showing a
rise of 7s. 6d. ; Egyptian Trading, 14 to 1 dia. ;
and Ottoman Societe (liners* 34 to 4 prem.
The shared, of Overend, Gurney, and Co. closed at
.5/ to 64 prem., showing little change. Peel River
Ind stock has declined. International Contract
, and Warrant Finance slates were firmer.
The closing (but in some oases nominal) quota-
lions
for shares in new undertakings were as follow:
Colonial Company, 4 to f prem. ; London Steam
Towing, 1 to 2 prem. ; Charles Laffitte and 00.,
14 to 2 prem. ; Commercial Company of Afrks,
4to 14 prom.: Any„ 14
Water, 14 to 24
prem.; and Railway Finance, 14 to 24 prem.
The share list of the Import and Export Fresh
Provision Company will be closed on Wednesday
next, the 20th, for London, and on Friday, the
22nd, for the country.
American securities were firmer. The 5.20
Bonds rose 4 per cent., and Erie Railway shares, 4.
The following were the latest prices, viz.
Bonds, 634 to 4 ; Erie Railway shares, 57t
to I ; Illinois Central, 80 to 4 ; Atlantic and
' Great Western Railway Consolidated Mortgage
Bonds scrip, 4 to 1 prem.
ke