The Express.
London, England, 1867-03-26 00:00:00

5, Westminster Chambers, Victorig
March Z.

Sir,-1 beg to inform you that the committee have,
dace their appointment on the sth of March, devoted their
most earnest attention to the present financial position of
the company, but they find it will be impossible to present
any report until they have made fuller investigation.
Under these circumstances they would appeal to the
holders of divisional bonds to retain for the present their
coupons maturing on the lst proximo, and their drawn
bonds payable at the same date ; the committee having
already concurred in taking active legal proceedings in
America, with a view to the protection of the property.
With reference to the coupons on the Consolidated Bonds,
the committee will make further communication when
they have completed the necessary arrangements, and in
the meantime request the bondholders to retain their
coupons.—l am,
Wiu.ran RussELL,LChairmen.

The Brighton Railway traffic return shows this
week a decrease of 7421. compared with last year,
and the South Eastern a decrease of 6491.
The traffic return of the Great Western Railway
of Canada for the week ending the 9th inst. shows
an increase of 1231. over last year.
The traffic receipts of the Erie Railway for the
month of February were 917,639 dole., being
70,296 dots. less than in February last year.
The adjourned half-yearly meeting of the Star
and Garter Hotel Company (Limited) was held yes-
terday at the Westminster Palace Hotel—Lord De
Tabley in the chair—and the report of Messrs Hol-
land and Tompkins, who were appointed at the
meeting on the 25th ultimo to investigate the
affairs of the company, waa read to the shareholders
present. The report, which was very unfavourable
respecting the past management of the concern,
recommended that the directors be requested to
resign, and that the entire ment be re-
modelled. After some discussintrZ. Grimed' and
Mr. Tompkins were elected directors in the place
of Mr. Staples and Mr. Brankstone, who retired
by rotation, and Lord de Tabley, the Hon. Gerald
C. Talbot, the Hon. H. W. Petre, and Mr. Henry
Augustus Murray were re-elected, on the under-
standing that the recommendations of Messrs.
Holland and Tompkins are to be carried out in
their entirety.
An extraordinary general meeting of the Mer-
chant Banking Company of London (Limited) is
called for the 9th of April, to confirm the special
resolution passed on the 19th inst.
I It is notified that, in compliance with the reso-

lution passed at the meeting of the Confederate
Bondholders on the 20th inst., the Loudon and
County Lank is authorised to receive the coi.tribu-
don of Is. 3d. (1-16th) per cent., and stamp the
bonds on behalf of the coniniittee.

With regard to petroleum, the circular of Messrs.
Phillips aid Webb states as follows :
Alillaollll refined Pennsylvanian on the spot is dull,
till values are uncl..,:q‘e.d. Ordinary good merchantable
oil otters at Is. fed. per but there is no quantity to
he got at this price. Fine readily saleable at la. Md. A
good business doing fur forward deliveries, the failure of
one of the leading raisers in the United States proving.
beyond doubt, th.t tle• present low rates are not remune-
rative to :lit producers. The last tour mouths have been
done :itls. Soule ew.a eoel oil sold at la ptr
(`rude retrolenin um:him:zed at 111. NW. to 12/. per tun.
To-.lays snaloi are 57.26 barrels refined and 3,637 barrels
crude against S.S2,i Ixerreis refined and 2,9Uti barrels crude
same time Litt r.

MONDAT EMUS°,

Consols, which closed on Saturday at 91 to / for
money, and 911 to / for the 10th of April, opened
and closed to-day at the same quotations.
The Three per Cente. Reduced and New Three
per Cents. were flat, and declined / per cent. viz.,
to 894 to 4, cx div., upon some large sales. The
official hosinms report is as follows :—Three per
Cent. Consols, for money, 91, I ; Three per
Cents. Reduced, SW, 1, ex div. • New Three per
' Cents. 89k. 4, ex div. ; Bank Stock, shut ;
India Five per Cent. Stock, 1091, 101 ; ditto,
Four per Cent., ex div. ; ditto Five per
Cent. ‘ enlaced " rupee paper, 103, i ; ditto, Five-
and-a-Ptah per cent., 107/ ; ditto, Pive per Cent.
Debenti Inn 115.

The demand for the India Five per Cent. stock
continues, and the last transaction!' recorded to-
day were at the highest point )et touched, via.,
1101 i The Five per Cent. rupee paper was like-
wise in demand.

Exchequer Bills remain at 14a. to 18s. prem.
The foreign stock market was quiet, and, with
the exception of a rise of per cent. in Italian of
1861, Chillan Scrip, and Turkish of 1865, and a
decline of 1 in Danubian Scrip, prices were quoted
the same a; on Saturday.

MINES-(THIS DAY.)

Orts o'CLoos.

- - - - The mining market is steady to-day, with a fah.
amount of business. Shares in the following mines
are in chief request, at the quotations given :
West Chiverton, 60 to 6C2 ; North Crofty,
to 6 ; Prince of Wales, 365. 6d. to 68s. 6d. ; East
Crenville, 2i to ; East Lovell, 10k to ; North
Chiverton, 4T to ; South Condurrow, 17s. 6d. to
20s. ; Wheal Scton. 1021! to 107 J. ; and Great Vor,
2011 to 211..

RAILWAYS.-(THIS DAY.)

ONI O'CLOCK.

The railway market is decidedly heavy to-day,
and most of the le:uling lines have declined. Lon-
don, Brighton, :Wit South Coast stock shows pro-
minent depress.ion, and has fallen 4 per cent.
Midland has receded 1.1, Great Northern A
Metropolitan London and North-Western and
Great Eastern j, and South Eastern 1. Great
Western is exceptionally firm, and has risen k.
Metropolitan stock is now quoted 124 to t# •
Great Western, 40k to Ir • London and Nord;
Western, to ; 1121 to ; Lan-
cashire nd Yorkshire 124/ to 125 A ; Caledonian,
110 to 111 ; South Eastern, 661 to 67; Great
rn Easte, 271 tot ; Great Northern, 115 i to 1104 -
ditto A, 1211. to 122 ; London, Chatham, and
Dover, la t; 17 ; North British, 32i to 33 ; and
London, grighton, and South Coast, 70 to 72.
Foreign and colonial railway shares have been
dealt in to a moderate extent at previous quota-
tions.

[For to-day's Share List see page 41

COMMERCIAL AND MARKET&

MINCING-LANE.-(THIEI DAY.)

SECIA.R.—The market has opened very quietly and
without sales of importance, by private contract. Refined
is also very quiet without change in price..
COFFEE.— A fair demand still exists for both native and
plantation Ceylon, at full rates.
TEA.—Tbu public wiles of Indian teas are progressing
rather quietly • privately the market remains
OorroB.—Th'e market has again become dull without
material change in value.
Jure.--1,500 bales sold mostly at prices kept secret.
Business has also been dune in cuttings at 8/. ss.
Paeren. —3OO bags of black sold—Singapore, at 3id.,
full prompt, 3 3-Did. cash ; and Admen, at 2Sd.
Hu:E.—Soft grain is in active request, at a further ed.
ramie. Rangoon sold at 12a. lid. to 12a. 3d., short prompt.
Rum.—No sales of importance reported.
SALTPETKE.-700 bags sold at 18s., short prompt, for re-
fraction 70.