The Express.
London, England, 1867-10-21 00:00:00

THE EXPRESS, MONDAY EVENING, OCTOBER 21, 1867.

L &TEST SPORTING INTELLIGENCE

(BY Truareern.)
NEWMARKET MEETING.—(THIS DAY.)

MATCH.
Coup d'Etat beat Parma.
MAIDEN PLATE.
Wild Blood .
. .
Schiedam . . .
Bellona c

6 ran.
HANDICAP PLATE.
St. Angelo ...
Cheltenham . .
. 0
Speculum ...
16 ran.
Winner objected to for cannoning.
LATEST BETTING.
CAMBRIDGESHIRE.
S to 1 agst Honesty (0
8 to 1 Laneret (t)
12 to 1 Knight of the Garter (t)
12 to 1 Actin& (0
100 to 6 Lozenge (t)
100 to 6 Wroughton (t)
20 to 1 Blinkhoclie (off)
30 to 1 Friponnier (off)
100 to 3 Strafford (t)
100 to Jenne Premiere (t)
All Mr. Ptyor'e hones are struck out of the Cambridge-
shire.

SHARE LISTS.-(THIS DAY.)

No. 19h.

192,023 St.
6088316 St.
610,000; St.
ne.cloo St
630,000 St.
towing St.
312,830 St.
110,111 i St.
1003000 St.
8t
1%431 St
I St.

7 91 pm
•-•
4 8
tips .
1$ 18
5
s+u ay—
es 64 sd
11 18 ad;
4usull
82 84
6

M Is
7 5411
87 es

isB u 6 thii
6S 49
9 6 (141
37 $9 I

xd
_w

-
81

Ili

nil
40 10i

...
40

-
413

•71 8

OOLONIAL

410,0001Bililab Colo. 6p.d...1679
10,660 Do. 18:16
Caa. Gov .6 p. 0..1877481.
- - Do. 6perot,Feb.dAng.
_ - Do. I porot.Mor.
d,114.806 Do. 6 wet's.. ra
666,008 Do. 6 pivot. Ima.. 6
1100,000 °spoof 0 [loose p0r.1876
- Do. 60.16604900

Do. do. 188040

Do. do. 1100411
14,000 D0.89.0,Lp.41041.10001
100,000 Coylea. Nov. 1F61,45p.0t,
383.000 Do. 1878, do..
1,0000007 Do 1871 d 0...
200.000 t llaarttloa 8 per 01,18711
880,000 Do. 1878'
100,009 Do. 1881
100, Da 100
145,600 IfstalGov.6p.o.ApatOc.
166,000 Now artina.Dov.epor et.
1,116,800 Now Booth Wales Gov.,
p. 05at..1871 to 1876
5,071,800 Do. 6p. 41.1886 to 18061
860,000 D 0.69.0.7,1867 to 1876
100,000 Now Zoalaad Opor coat.
1.000,000 Do. 6por wok
600000 Do. 6 par coot. 1801
100,000 Do.do.loolJunatDec
9.60.0011 Nova Pootla 6p. 0.,1876'
1,810.$ Queensland 00,. 6 p. et.
1,177, Do. Do. 1801 ....
721, & Anal Gov. 6p. c.,67-71
a 1878 sad opwdal
810008 VlaDoo7.6p. o. ha. /alp
1,000000 Do. sp. at A prll

DEBILITUILE

STOOIIII.

SECURITIES.

101 103
99 101
99 101
88 90
67 89
103 186
IC4} 105141
104 116 14
106 107
02 04 id
103 106
111 112
186 tO7
103 106
101 118
106 107
111 106
09 101 id
101 103

$7 19

tit fa

943- 953
106 106
106 101
101 103

.94 it

106 108
116 e 111;
1061 1099

Ot.ltela 6 p.e. Mar.atleilloo
O. Nthit.6 p.o. Jan.& J 100,
G.Weta.—W. 11.—0 z., I
. Oct, Jan. & July ....1100
Lule.&ThAp.e.Jaa.&Jly 100
Lea. Brlgh.4p.e.Jau.&.lly 100
July 100
Do. Sip.e. Jan.& July 100
L.M.W.4p.e. Jam.* July 100
111,11aad,4p.e.Jao.&Jaly 100
N. &Mgt, & P. & D.D.,1
ip.ec, Feb. & Aug— 100
N.N.stru.,4p.e.Jan.&July 100
,800t.N.L,4 p.e.Ap.&Oct. 100

93u

90 96
93 96

92 94

9396

zd

....
1111

id

gat

100
901 1001

111 104
1014 EN 84

MISCELLANEOUS.
Anglo-American Telegraph (Lim.), 17i.
Atlantic Telegraph 8 per cent.. 70.
Credit Foncier of England (Limited), 3},
Credit Foncier of Mauritius (Lim.), 51, ad.
General Credit and Discount (Limited), sd.
Peninsular and Oriental Steam, NI.
Telegraph Construction and Maintenance (Lim.), 16.
Trust and Loan Company of Upper Canada, 4i.
Viceroy of Egypt (Mortgage) Loan, 711.

F. I Istreme. See,
R. r. W. ttol,--,---,1 W. R. 11 to
12 F. D. 9.
--- --..-. ----
Nebo— - -
Leith -
A:drown 23.76 64 W.N.W. 7 &W. oc 0.98 1
Oreeueastle .7861 W. 6 W.&W. re 0.71 -
Valentla 2687.60 S.W. 6 8.8. W. ro 0.86 6
Roche's Point 79.055 W.B.W. 7 6.9. W. oc 0.60 3
1 & cc aos 1
1
11= :::1071: SVW. 4 W.N.W. co 0.39 -
Penzance .04 67 &W. 7 S.S.W. r 630 4
Brest
[orient
Rochefort .23 46 N. 3 S.W. cf 0. 2
Plymouth
Weymouth
Portsmouth .1554 &S.W. 2 N. co 2
London -
Yermouth.„ .1112 &&W. 6 W. c 2
Bearborough.l29.94 48 &&W. I 2 B.W. co 3
Shlehie 29.82 50 &W. 11 2 N.W. cr 2
- -

MONEY MARKET.-(TEII8 DAL)

On o'Clsoca.

Public securities remain fiat, and prices have
again receded. The transactions are largest in
British railway stocks, which have bees pressed
for sale, and exhibit a further fall, the most im-
portant movement being in Caledonian, in which
it is no less than 6f per cent. It is stated that
some considerable sales have been made this
morning of these securities on orders from bankers
in the absence of additional " c ,ver " from the
parties to whom advances were made some weeks
ago. Consols have declined I per cent., and
foreign bonds t 3 Th 3 adv:ces from
abroad, and an expectation that further
amounts of gold will leave the Bank, both to pay
for corn and to meet the expenses of the Abyssinian
expedition, have induced sales. Banking, financial,
and miscellaneous shares in most cases have not
varied, but show dulness.

The demand for money is moderate, and the
supply superabundant. Good bills are still taken
at 11 per cent. The charge for short loans in the
Stock Exchange is 1 per cent.

Consols are quoted 93} to I both for money
and the account (Nov. 7). The Three per Cents.
Reduced and New Three per Cents. are at 911
to 92i.

British railway stocks exhibit a further im-
portant reduction. Caledonian has been forced for
sale, and has experienced a fresh fall of 61 per
cent. Great Northern A has declined 11 per
cent. ; Great Western and Midland, 1 ; Metropo-
litan and London and Noi Western,; South
Eastern, ; Great Northern(original) andßrighton,
1 ; Great Eastern, 1 ; and Lancashire and Yorkshire
and North British, 1. Annexed are the present
quotations :—Metropolitan, 1211 to 122 ; Great
Western, 441 to 1 ; London and North
Western, 1121 to 1 ; Midland, 1161 to 1171 ;
Lancashire and Yorkshire, 1251 to 1261 ; Cale-
donian, 851 to 1 ; South Eastern, 651 to 1 ; Great
Eastern, 311 to 1 ; Great Northern, los} to
1091; ditto A, 1101 to 1111; London, Chatham,
and Dover, 18 to 1 ; North British, 311 to 32 ;
and London, Brighton, and South Coast, 511 to 1.
Foreign stocks aro freely offered. Italian Bonds
of 1861 are prominently heavy, and have fallen
per cent., the present price being 43 to 1. The
decline in other stocks ranges from 1 to 1. Turkish
of 1862 are quoted 611 to 621 ; ditto of 1865, 3N
to 311 ; Greek, 111 to 121 ; Spanish Passive, 181
to 191 ; ditto Certificates, 151 to 161; Chili= Scrip,
11 to 01 die. ; and Mexican, 141 to 15.
American securities have declined 1 to 1 per
cent. The 5-20 Bonds aro called 68! to 1; Erie
railway shares, 441 to 3 ; and Illinois Central, 771
to I._ _

Atlantic Cable shares are unchanged. Anglo-
American, at 173 to 3 ; and Atlantic Telegraph Pre-
ference, at 3a to

- -
Bank shares are flat, owing to a preponderance
of sales. London and Westminster are at 70 to
72 ; Union of London, 374 to 34 ; Imperial
Ottoman, 15 to II die. ; Alliance, Ili to 105 dis. ;
and Chartered Mercantile of India, 23 to 27.
The market for financial shares shows an un-
favourable tendency. International Financial are
quoted 2i to 25 die. ; London, 24 to 22 dia. ;
General Credit, 21 to 25 ilia ; and Credit Foncier,
6 to 5 dis.

HALF-PAST ONE O'CLOCK.

Some of thestock marketa arerather, better, incon-
sequence of purchases to cover recent speculative
sales. Consols are at 93ito # for money, and 93'; for
the account, being 1-16 per cent. higher iu the latter
case, compared with the price at 1 o'clock.
Caledonian stock shows a recovery of 2 per cent.,
viz., to 871 to , and Italian bonds of 1861 are /
better, at 43 to 44.

Looking at the collapse which has taken place
in so many instances, and notably in those
of the London, Chatham, and Dover, Brighton
Great Eastern, North British, and Caledo-
nian companies, we would seriously ask railway
proprietors, is it not time to inaugurate a
now system, to restrict the license of railway
boards, to probe and purify railway finances, and
to insist that these great undertakings shall be con-
ducted in future with a strict adherence to those
principles which obtain in all other commercial en-
terprises l The longer reform is delayed the more
difficult it will become, and the greater will be the
loss and suffering. If the down-hill course of a
railway company's finances can be arrested in time,
leaks be stopped, and economy enforced, its posi-
tion may be retrieved perhaps with comparative
ease, whereas if the proprietors continue wilfully
to shut their eyes and stifle inquiry a most serious
depreciation and total collapse of credit can scarcely
fail to ensue. It is for railway shareholders to
make their election between the two alternatives,
for there are plenty of signs that the old
system cannot endure much longer. To the
investing public it need only be said that there
never was a time when it was more necessary to
exercise discrimination in the selection of railway
investments. The capability of discerning between
the sound and the unsound will now make all the
difference between good profits and heavy losses.
No gold was withdrawn from the Bank on Saturday
for exportation, but the whole of the 540,0001. just
announced from Australia has been bought for the
Continent. It is stated that bullion is being sent
to pay for corn, as well as to strengthen the posi-
tion of the banks in Italy at the present anxious
juncture.
The steamer Syria will take to-day 97,2421.,
of which 50,0001. is gold for Aden, 20,000/. gold
for Calcutta, 164/. gold for Madras, and 27,07;.-.!.
silver for Hung Kong.
The amount of government bills on India for
which tenders will be received on the Gth November
will be rupees 10,00,000 (100,0001.).
The committee of management of the South
Austrian, Lombardo-Venetian, and Central Italian
Railway Company have fixed the amount of the
first coupon for the present year at 20 francs,which
will be payable on 2nd November.
In connection with the issue of 200,000/. of
guaranteed 5 per cent. stock by the Great Southern
of India Railway Company, a circular, dated the
Bth inst., has been issued to the proprietors, of
which an extract is given below :
. . .

The shareholders were informed by the annual report
submitted at the general meeting held ou the 30th April
last, that the Secretary of State for %dia bad authorised
the company to raise additional capital to the exknt of
200,0001., by the issue of stock guaranteed 5 per cent., for
the purpose of completing the extension to Erode. The
directors having now determined to issue this stook, I am
instructed to offer to your 1. of the same, being your
proportion rateably to your present holding. Should you
desire to accept this, or any lesser amount of the stock
now placed at your option, you will be good enough to
sign the annexed form, and return the same to me on or
before Monday, the 21st instant, otherwise this allotment
will be considered as cancelled.
The traffic return of the Great Western Railway
of Canada, for the week ending the'4th inst., shows
an increase of 3,2371. over last year.
The directors of the Royal Mail Steam Packet
Company have issued a report, in anticipation of
the general meeting called for the 23rd inst. It
i traces the falling off in the company's profits, and
consequently in its dividend, to the sickness lately
prevailing in different parts of the West Indies, to
increased charges for coals, the rise in the prices
, of materials, and s large falling off in the receipts,
especially from passage money, consequent upon
the disturbed condition of some of the Spanish
American States, the depression of trade, and the

increased French steam competition. The dime-
tura recommend a distribution of 3/. per than
(free of income tax), including profit from the in-
surance account, payable by warrants to be issued
on the evening of the 26th mat.
Vice-Chancellor Malin' has fixed the 30th inst r
for the appointment of an official liquidator of
" Samuel Bestow and Co. (Limited)."

SATt'RDAY EVINDIG.

Consols, which closed yesterday at 934 to 94 for
the 7th November, opened and closed to-day at
:031 to 1. In the interval there was a temporary
decline to 93/, "sellers." For money the price was
the vme as for the account. The Three per
Cents. Reduced and New Three per Cents. were
(poled at 3 o'clock 92i to 1. The official business
report is as follows :—Three per Cent. Consols, for
money, 931, 1,1, : ditto, for account, 94,
/. 4, ; Three per Cents. Reduced, 92, g ; New
Three per Cents., 924, 2, 1 ; India Five per Cent.
Stock, 114, 1, 14 ; ditto Four per Cent., 991 ;
ditto Five per C.ent. " enfaced " rupee paper,
1041'; ditto Five-and-a-Half per Cent., loot, ;
ditto Bonds, 68s. prem.
The India Five per Cent. stock was more offered,
and gave way, being last marked 114.
Exchequer Bills remain at 25e. to 30s. prem.
Forein stock, were flat, but the changes in prices
were confined to a few descriptions. Italian Bonds
of 1841 and Turkish of 1865 declined per cent.;
Spanish New Three per Cents., 1 ; Mexican, / ;
Danubian of 1867, 2 ; and Venezuelan of 180
and 1864, 1.