The Express.
London, England, 1866-10-01 00:00:00

THE EXPRESS, MONDAY EVENING, OCTOBER i, 1866.

BRECON ELECTION.-(THIS DAY.)

in stscrwc TELMOILAPIL)

The nomination for the above election took place
this day, when Lord A. Churchill (liberal) and Mr.
Howell Gwyn (conservative) were proposed. The poll
takes place to-morrow.

ENGLISH JOINT STOCK BANK.-(THIS DAY.)

A meeting of the shareholders of this company,
which stop payment on the 11th of May, was held at
the London Tavern, Mr. !Luta E. MAIWILY in the chair.
The Clislallan said many of the shareholders were
aware that some weeks ago a hope was entertained that
the bank might be resuscitated, and sou, of the principal
shareholdersbeaded themselves together in order to carry
out that object, but certain legal difficulties and the
then state of the money market rendered it impossible.
Since then the attempt had been renewed by a large share-
holder. It had occurred to the committee that no attempt
should be made till they ascertained their exact position,
which was not at present precisely mortal- ed.
A SHAREHOLDER—Who is the trip shareholder 'l'

The CHAIRmAN—Mr. RO4B Mangle;
The CHAIRMAN said they were not met to discuss the
peat, but their present condition, and to see whether they
could not do something to get the bank out of the slough
of despond. He moved that • committee of
three shareholders be appointed to consider the
desirability of resuscitating the bank, and the best mode
of accomplishing that end, and to report thereon to a
future meeting of the shareholders to be called by the
committee as soon as poseible.
Mr. WATERS seconded. He asked whether it was true
that 13,000/. worth of bills were drawn free Naples on
the English Joint Stock Bank, and whetherthme bills re-
presented anything, or were they worse than nothing,
and were them bills neat up from Liverpool to the Bank
of England, and refined
Dr. CIIANDLER asked if it were true that bills to the
extent of 12,0001. or 14,0001. were extracted flap the bank
en the day of the stoppage.
lir.Citmeaus, nee of the liquidaten, rid the bank held
=lto the amount of 23,0001. of the 25,0001. bills
apin. With regard to the abstraction of the
bills, amounting to 12,0001. or 14,0001. an Inquiry
was going on and the guilty parties would be punished.
Mr. Roes M.umaits said the debt duo from him, and
the taking over of which was part of the conditions
when the bank was transferred to the company was not
due till May, and would be paid by him at
the time. He had lodged securities with the bank which
be considered ample. The chairman had made a mistake
in saying that he was a large shareholder. He was not
a large shareholder, but he felt for the position
of some of the poorer sharehoiders, who would
be much pressed if the bank went to liquidation.
The West Surrey Bank was • very good bank, and was
elver a good paying bank. He hoped he bad explained
to the satisfaction of the meeting his position in relation
to tbe bask. (Chem.)
[The meeting was proceeding when our report left.]

SHARB LISTS.-(THIS DAY.)

ONE O'CLOCK.

There is an increased demand to-day for British
railway securities, and the general course of prima
is favourable. Great Northern A stock has risen
I per cent. ; Lancashire and Yorkshire, Great
Eastern and South Eastern, ; Great Western,
North British, and Great Northern (original),
London and North Western, ; and Midland, f.
Metropolitan stock is now quoted 127} to 1 ;
Great Western, 54} to 55} ; London and North
Western, 1171 to 118} ; Midland, 121 to ; Lan-
cashire ad Yorkshire, 123} to f ; Caledonian, 123
to 125, ex div. • South Eastern, 66} to f ; Great
Northern, 116}: to 1/7} ; ditto A, 126} to 177}
London, Chatham, and Dover, 191 to 20} ; Great
Eastern, 29} to } ; and North British! 41} to 42}.
Foreign and colonial railway securities have been
little dealt in, and p 'cm exhibit few changes.
Grand Trunk of Canada stook experienced a fresh
fall of } per cent., viz., to 19 to }.
OiIDI2IANN SHAWN AND dr1""
ea

I Sh. I Pd. I 3411,NATS. I CAB Price' "lea t°467
min on Saturday. to 1 p.m.
M. 100 ,Ntistol and Ixatir B7 89 -
81 1M ICaledossian -
101 . Cambrian
N lOeet and Bandon -
10 all Cornwall 4 II -
!K 100 ;DubknandßeffsetJano 66 IS - 1
M. 100 DundatParthottbdJa TS 71 -
100 all 'Let Landon Scrip Co& TO IM -
M. 100 Do -
Bt 100Olarepow and S. Western 116 120 id -
st. 100 lona am. Ord. St 181 201 29 1
St. 100 . Do. I. Ans. SM., No.! 6 6 -
Bt 100 10reatNorthotllootland - - -
8t 100 ;Great Northern
It 100 ,De.. 11 I • rec. nod's'. m• 126 UT IMI 17 61
IL 100 ; D0.1111.11,8p. c. Is paid/3 - -.-
M. 100 !Do. New iss. a- 25 pat - .- -
St. 100 Me. Ora Dot Dlr. .8 -.- -
St 100 101.111outhisWert. am 10 9! -
St. 190 Brest Western
611 641 614 54 6
It 100 DalitourVaLOssa. Stk - -•-•
sc. 100 Do. South Wales 56 80 -
St. WO Do. W. Yid.-Orford S 6 ma
St. 100 Do. Do. N . 43 35 -
84. 100 ILencast4re •Y • 1731 128 153 4
St. 100 LonMightn, & &Croat B5 82
M. 100 ,London, Madam. i 10 21 191 101
M. 100 I Do. 11.0.30ea.A6p.c. 10 25 - 118
84. 100 London & North Wean. 117 1171 1171 1 181 171
84. 100 ,LondomMonthWestan 82 84 83
St. 100 !Man. She, & Lincoln& 64 115 1 6
St. 100 'Metropolitan ll6l 121} 11
10 811 Do. -
10 all ' Do. New
itstension -
100 all Metropolitan District 9! 94 -
100 10 Do. do. do. - - fin -
10 all Da &St. John's-wood - - -
St. 100 Midland llOl 11l 1211 1 1
9 7 Do. /9 Shares - -
' St. 100 Do. Bins. a Derby. 80 112 -
26 MI Mid Kent - ..- -
' 84. 1100 North British
84. +
.100 Do. Edin .Perth,Dund. 17 19 -
St. , 100 N. Lantern-Berwick lO2 104 1031 21
M ' 104 Do. O. N. L Turn. - - -
It 100 Do. Leeds -
St. ' 100 Da York lO3 191 1001
St ;100 Do. Carlisle - - -
N 1 all Do. Mock.o.llarilog. $4 84 -
N .20 Do. do. 186041 -
1 Lonao
Bt. , 100 North n 120 125 -
10 !7I Do. do.. 1864-6 -
10 ' 1 Do. do., 1866 - -pm -
et ' 100 INortkiltaffordahlre.... 70 72 714 701
at • 100 .N. &S. Western Jun. 114 118 -
8t 1100 !Scottish Central -
Bt 100 ;Scottish N. E Aber. Stk - - -
8t 100 'Scottish Midland - - -
8t 1100 ;Shropshire Union - - -
St . 100 'Month Devon 42 64 -
St. : 100 ',South &stem 66 66 Se 1 i
20 at Stainer. Wokinghsm,ste 81 91
M. 100 Tat Vale -
10 8I Da C S Soo -
St 100 'you of Math - - -
St 100 'Waterford & Manny - - -
i 0 0 .Watorloo t Whitehall - - -
et 160 Meet Cornwall 6l 63 -

len
lei I I

100 904

'1 I

/140001
100,000

92 SO
90 91
90 92
75 77
76 77
102 104
104 106
102 106
102 164
88 00
102 106
106 107
108 106
102 104
108 105
106 107
109 105
96 100
19 96

esrik

91 IMI
86i eli
94 96
TS 81
95 97
98 91

106 107

111 101

floi-

kart I la

MONEY MARKET.-(THIS DA f.)

thrs o'CLuot.

The stock markets are firmer to-day, with an
increased amount of business. The transactions,
however, consist chiefly of purchases to cover pre-
vious speculative sales. The funds have risen per
cent., English railway securities to I, the most im-
portant advances being in Lancashire and Yorkshire,
Great Eastern, South Eastern, and Great Northern
A. Foreign bonds have scarcely varied, but the
tendency of prices in this department of the Stock
Exclian,ge is also favourable.
The usual heavy requirements at the end of the
quarter having been met, the discount market is I
decidedly easier to-day, and, with a large supply of
money, good bills are freely taken at 41 per cent.
Consols are now quoted 894 to for money, and
89# to for the 9th inst.
The transactions in the foreign 'stock market
are not numerous, but Turkish of 1865 and Spanish
Certificates are in request, and have risen per
cent. The Passive Bonds and Mexican are firm,
at the improvement of Saturday. Turkish Bonds
of 1862 are quoted 54 to 56 ; ditto, 1865, 314 to

; Greek, 15i to it ; Spanish Passive, 221 to 231 ;
ditto Certificates, 15 to I ; Italian of 1861, bfni
to j ; and Mexican, 1611 to _ _ _

United States b-20 bond's are still offered for
sale, and have experienced a fresh fall of f per
cent., the present price being 701 to On the
other hand, Erie Railway shares are in request,
and have risen 11, vie., to 481 to 49. Illinois
Central are steady, at 77} to I.
Anglo-American Telegraph shares are unchanged,
at 161 to I, but Atlantic Telegraph are bs. better,
at si to 54.
International Financial shares are quoted 14 to
11. ; London Financial, 14 to 13 die.; eneral
Credit, 2to die. ; Credit Foncier, 311 to I
die. ; and National Discount, St to prem.

• _ _
About 10,000 sovereigns from Portugal and
9,0001. in bar gold were sent into the Bank on
Saturday. It is understood that there is now no
profit on the transmission of gold to New York
from England.
It was not until the middle of August (the 16th)
that the directors of the Bank of England con-
ceded a reduction of the rate of discount from
10 to 8 per cent., yet the figures of the
Board of '.de returns show that the month's
exports made a considerable stride. Such things
have been heard of before now as exports of goods
to foreign countries with the mere object of sup-
plying a deficiency of means by negotiating the
bills drawn against them, but the general sound-
neas of trade precludes the idea that the increased
movement now experienced can be other than
legitimate. The bulk of the increase is in cotton
and woollen manufactures. As regards the former,
the month's total exports are returned as follows:
August, 1864
„ 1865
1866
And for the eight months:
8 months, 18(.4
1865
If 1866
The total value of the woollen and worsted
manufactures shipped in the month was as under :
August, 1864
„ 1865
„ 1868
In this case' however, the increase is larger on
the month than on the eight months. Looking
next to the imports, we find the " computed real
value of the principal articles imported" in the
month of July (being the latest date to which the
valuations are made up) to be as follows :
July, 1864 £20,458,253
„ 1865
„ 1866
The inference from this comparison is the satisfac-
tory one that we are not now taking more Liam an
average amount of foreign comnoslities. It was,
indeed, time that more moderation should be ob-
served in our commitments to the foreigner on
this score, for the under-mentioned import figures,
which relate to the seven months ended the 31st
July, show that up to that date we had been pro-
ceeding at a somewhat reckless rate :
7 months, 1864 .C119,068,429
Of 1865
1866 134,871,287
How this excess of imports chiefly arose may be
gathered from the annexed valuation of the im-
ports of one single article—cotton—for the seven
months :
7 months, 1864 £44,392,716
1865
1866
Subjoined is a statement (from Mr. Slaughter's
Weekly List) of the railway calls falling due in the
month of October. The total is below the average.
Amount per Share.

Central Argentine
Great Eastern £lO Five