The Express.
London, England, 1866-08-02 00:00:00

MONEY M.

Ova o'Cwoa, I
Much to the disappointment of the mercantile
community, the directors of the Bank of England
have separated to-day without making any change
in the rate of discount. It is stated that they are
determined not to make an alteration until the
reserve has reached 5,000,0001. The stock markets,
in consequence, are dull, and the improve-
ment of per cent. which took place
in the funds yesterday has been lost. A
reduction is also observable in some of the
British railways and foreign bonds, but banking,
financial, and miscellaneous shares have scarcely
varied, in the absence of business. Anglo-American
Telegraph shares are still inquired for.
There is a fair demand for money to-day, but
the supply is large, and choice bills are still dis_
counted at 8 to 9 per cent.

Consols are now quoted 884 to 1 for money,
and 881 to 1 for the account (August 9).
Turkish Bonds of 1862 and 1865 are flat,
and have declined 1 and per cent. respectively.
Spanish Passive have also receded 4, but the other
speculative descriptions are unaltered. Turkish
Bonds of 1862 are now quoted 50 to 52 ; ditto
of 1865, 263 to 27 ; Greek, 114 to 12 ; Spanish Pas-
sive, 194 to 204; ditto Certificates, 143 to 15 ;
Italian, 1861, 513 to 521; Brazilian scrip, 31 to
23 die. ; and Mexican, 171 to 4.
United States 6-20 Bonds are in demand, and
have risen per cent., viz., to 684 to 691. Erie
Railway shares are quoted 423 to 431, being 1 per
cent. better ; and Illinois Central, 744 to 3.
The shares of the Anglo-American Telegraph
Company continue in request, and show a fresh
rise of 12a. 6d., the present price being 131 to 14.
Atlantic Telegzaph are steady, at 34 to 3.
International Financial shares are now quoted
13 to 14 dia. ; London Financial, 124 to 114 dia. ;
General Credit, 14 to 13 dia. ; Credit Foncier,
3to 23 dia., ex div. (8/. paid); and National Dis-
count, 74 to 8 prem., ex div.
An instalment of 10 per cent., making 80 per
cent. paid, fell due yesterday on the Egyptian Go-
vernment Railways Loan for 3,000,0001., but a
large portion had previously been paid in full.
The final instalment of 12 per cent. is payable on
the Ist of September.
The General Credit and Finance Company of
London (Limited) announce that definitive certifi-
cates are ready to be exchanged for scrip of the
Imperial Ottoman Five per Cent. Loan of 1865.
About 7,0001. in gold was bought by the Bank
yesterday, making a total of 168,0001. for the week,
while inthesame period only 38,0001. has been with-
drawn for exportation. There is very little demand
for gold for abroad, owing chiefly to the firmness
of the French exchange, and the influx to the
Bank is therefore expected to continue.
The America, front New York, has brought
33,0001. in specie for England.
The steamer Atrato, for the West Indies, will
take to-day 24,0001. in specie (silver coin).
The bar silver by the Mexican packet was sold
yesterday for Holland at 51. 0,1(1. per ounce, being
fd. better than the price current on Monday, but
the same as that of Tuesday.
Theb,ddings for bills on Indiatook place yesterday
at the Bank of England. The proportions allotted
were :-To Calcutta, 23.14.500 Fts. ' • to Madras,
56.000 Ra. ; and to Bombay, 1.79.000 Rs. The
minimum price was as before, viz., Is. 10d. on Cal-
cutta and Madras and la. 104 d. on Bombay, at
which rates allotments were made in full. These
results indicate only a slight revival in the demand
for the means of remittance to India, for of the
350,0001. of bills offered on the present occasion,
only 254,950/. have been sold.
'the failure is announced of Mr. Edward Tier-
nan, tea broker, of Great Tower-street, owing to
losses in tea stud by bad debts. The liabilities
reach about 30,0001., and an unfavourable liquida-
tion is expected.
Advices from Glasgow announce the failure of
Messrs. Edington and Sons, ironfounders and en-
gineers of that place, with liabilities amounting to
230,0001., against assets valued at 120,000/. This
stoppage is stated to be directly caused by that of
i Messrs M'Ewen, Bryson, end Co., of the same
city, which occurred a few days ago, and upon
whose estate Mr. David Law, the sole partner in
Messrs, Edington and Sous, is understood to rank
m a creditor for 79,000/. The liabilities of Messrs.
M'Ewen, Bryson, and Co., are estimated at
350,0001., while the assets are said to be merely
nominal. These announcements have had a very
depressing effect upon the market for pig iron.
Advice' from Manchester state that the Preston
Bank is likely to be re-opened for business within
a fortnight.
It is understood that Lord Derby's government
have undertaken to make good the pledge given a
year ago by Mr. Cardwell, Mr. Gladstone, the Duke
of Somerset, and Lord de Grey, acting as a com-
mittee of Lord Palmerston's government, for the
imperial guarantee of a loan of 4,000,0001. sterling,
for the construction of the Intercolonial Railway
from the Riviere du Loup on the St. Lawrence to
Halifax. It will be remembered that this under-
taking was from the first contingent on the confe-
deration of the British North American provinces,
which has hitherto lain in abeyance in consequence
of the refusal of New Brunswick and Nova Scotia
to merge themselves in the Canadian Legislature.
The new parliaments in those provinces having,
however, now voted for confederation, and dele-
gates from' them and from Canada having arrived
here to arrange the measure with the home govern-
ment, nothing but the details of the confederation
apparently remain to be settled. It being origi-
nated with the home government on imperial
grounds of policy, and involving as it did a sacrifice
of the local interests of Nova Scotia and New Bruns-
wick, it was stipulated that parliament should, in
return, guarantee the cost of the railway required
to open up these provinces, and to connect them
with Quebec. Guarantees of this kind have grown
unusual ; but in this case the guarantee is founded TALLOW MARKET.-(THIS DAY.)
on a political bargain. The Canadian government The market is ,teady at the following prices ills :-Towa
is, however, understood to offer certain securities
to 445. 6d. • October to December, 455. 9d. to 465.;
De-
on account of it, cember, 475.
tallow, 425. IA; Peteriburg Y.C. on the spot,
In Vice-Chancellor Kindersley's Court yesterday,
a motion made on behalf of a person named Seaton, SMITHFIELD HAY MARKET.-(THIS DAY.)
a holder of five rmently purchased shares in the Mr. Charles James Easton reports trade J°W With a
Credit Foncier and Mobilier of England, relating downward tendency.-f.yinse. otd_ ha..y, fromokrs. tor•
to some alleged traneectiona in the shares of the 11514 ; i!lfetori‘T32d. .d7rto, fromp 110.. 120,. ;
City of Milan Improvements Company, and r°
prime old second cat, from 110.. to 120 s. ; inferior ditto,
attempting to impugn the reconstruction of the horn set. to woe. prime new hay, from 70s. to
Credit Foncier Company, was dismissed, with omits prime new clover, from ills. to 110 s. ; straw, from 40s. to
against Seaton.
A fall of fully 3 per cent. was caused yesterday in
Midland Railway stock by the announcement of a FRENCH PARTRIDOEM Suazwv.-Tiihie approach-
half-yearly dividend at the rate of 6 per cent. per lag shootinz &car:,
,otfwehicsitaiin
sportsal sippogrt,
j, this country,
annum against 64 per cent. per annum at the cur- better nnolon*r as t
rea legs "I have locator and 'talZ
responding date fast year. summer on the hills at Madam sad Godstone. Three
The London and North Western Railway traffic ' birds are very plentiful in Norfolk and Essex, and there
return shows this week an increase of 8761. over is I, sprinkling of thew in Kent, from which caustics these
which strong,
to t their habit
4,9071. •, the Midland, an increase of 562/. ; the have re'reagref item ly to be seen oi theu
wing.
last year ; the Great Western, an increase of French etrangere
broads,
to have deserted. Thep
running
COINAGE OP THE TEAS -In the year 1865
the Great °'
1,450,23 e sovereigns were coined at the Mint. It is rarely
Great Northern, hdeecresseni, an.oinfcreaa.
;0fan3d,563/the.
London;
South Western, a decrease of 645/. and '
_ ' that so small an addition is made in a year to the number
The traffic earnings of the Great Western nail- of sovereigns in circulation, more than 45,000,010 having
way of Canada, for the week ending July 20, been coined in theme t:ten y_ears,
iLltmhore.
eini been
o
than 1 ,
codedoo
amounted to 11,242/., showing an increase of 3291. half-sovercling, 1,.7.50 of
in 1865. Tbere were also coined in that year 1,500,040
over last year. fiorins, 5,619,240 ehillings, 1,831,5 W sixpences, 4,158 four-
Atpeaces,l,746.Mc tbreepences, 4,752 silver twvenees, 7,920
silver pence, 6,601.600U-onze pence, 8,064,000 half-pence,
Coptanhey malemtiingted)o,fhtehled Cityyedei.da of Loy,ndanon Binreterimwery
dividend of 4 per cent. for the half-year was de- and 4,459,200 farthings. More than 35,000,0.00 new wine
were issued from the Mint in 1885. Worn silver coin of
dared. the nominal value of 958,9681. was purchased for re-
Bank of Australasia is called for the 27th inst.coinage; there was a loss of 196,606/. in re-ceinhig it.
The half-yearly meeting of proprietors of the
Te halfpenny is the coin of which the largest number has
A general meeting of the San Paulo Brazilian been issued in the last ten years; in that time more than
Railway Company (Limited) is called for the 14th 153,000,000 of halfpennies have been coned. i
instant. • A man named Kearney has given himself up to
An extrsordinery general meeting of the Tyne the Dublin
.police as the murderer of Clarke, in I.iebease_y
Iron Shipbuilding Company (limited), in ligin" Isatsaterthtlitertae of
so ltdheolfitclatolag weineir 'tat/Wallas
dation, is convened for the 15th inst., at New- to oar,.
who
was =sinew to be
an
cantle-upon-Tyne, to Five powers of compromise ter. Kearney declares tat he fired the fatal shot.
and settlement to the liquidator'. Offerer. PaLacz. - Owe Sirrer.rwc, DAY.-
The Master of the Mau has appointed Mr. WHDRESDAT, AI:OrST 1.-AassiaJODS on pereest, 8,103;
Samuel Lovelock, of Coleman-street, accountant, ditto by seamen tickets, 2,110. Total whiners, 10,113.

It appears that unautborisedpartlee are advertisingin the
public newspapers requesting the creditors of the Loudon.
C'betham, and Dover Railway Company to communicate
with them, and as they have the. &mamma to put the
name of the company at the head el the adveirtisemests,
they may be mistaken for official acts of the company. It
is better, therefore, parties should understand that the
only official persons to whom oommuldcationa
claims upon the company should he made arenreetg.
Latter, R.ose, Norton, and Co., of Vletoria-etreel
minster, the present law advisers el the company.

WIMWEIDAY Evionsa.

Consols, which closed yesterday at 84 to I for
the 9th instant, opened this m• at the
same quotation, and closed at 881 to t or money
the last price was 88k. The official business report is
as follows:—Three per Cent. Consols, for money,
84, 1, 8,1 ; ditto, foraccount, 88f ; Three pseCents.
Reduced, 874. f, f ; New Three I)o:Gents., 87f, 4,
; Bank Stock, 250, 48 ; India Stock, 210 ; ditto,
Five per Cent., 103, k ; ditto, Four per Cent.
" enlaced" rupee paper, 80 ; ditto, Five-and-a-
Half per Cent., 106 ; ditto Four per Cent.
Bonds, 13s. prem.
Indian Government securies were quiet. The
March Exchequer Bala remain quoted 4s. dia. to
par, but the June improved Is. to 25., closing at
4s. to 7s. prem.
There was little butinessinforeign stocks, and few
changes occurred in prices. Italian Bonds of 1865,
Turkish of 1858, and Egyptian Railway Debentures
were flat, and declined 1 per cent. Turkish of
1866 also receded I, while Italian of 1861 improved
4, and Brazilian scrip 1.

MINES.-(THIS DAY.)

Ova o'Cwaz.

The mining market is extremely inactive to-day,
and prices exhibit no change of any importance.
West Caradon shares are now quoted to b ; Gold-
beck Fells, 225. lid. to 255. ; Prince of Wales, Ns.
to 30s. ; Great Vor, 181 to ; Chontales, to
die. ; and Mineral Rights, I die to par.
The directors of the ()tea Copper Mining Com-
pany (Limited) are inviting tenders from the share-
holders, at prices not less than 17s. 6d. per share,
for 955 shares which have been forfeited for non-
payment of calls The tenders are to be sent in by
12 o'clock on Wednesday next.
The Stannaries Court has ordered the St. Just
United Tin and Copper Mining Company (Limited)
to be wound up.