The Express.
London, England, 1860-03-13 00:00:00

*WINING, MARCH 13, 1860.

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MONEY 114 BS 141...7 SIB 1)41.

Two deLocs.

The stock markets to-day are very quiet. The
funds are quoted the same as yesterday afternoon.
The tow of the market is rather firm. Preparations
for Thursday's settlement in the share market have
formed the chief business. There is an improve-
meat in British, Lombardo-Venetian and Grand
Trunk of Canada railway sharer.
At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Renter opened at
68fr., being without alteration.

The Indian rupee paper is firm at the late advance.
The Indian Five per Cent. stock of 1869 remains
quoted 1041 to 1 for the acionant.
Consols are officially ;narked 941 to for mo-
ney, and 94e for the account. The present
quotations are 941 to for cash, and
941 to e, for the 11th of April. The
Three per Cent.. Reduced (shut) have been
dealt in at 941; the New Three per Cents. (shut)
at 94}; the Indian Five per Cent Stack, of 1859, at
1041 and 104/ ; the Five per Cent. eafaoed rupee
paper, at 991; the Indian Four per Cent. De-
bentures of 1868, at 971; and Exchequer Bills,
at 175., 211., 205., 215., and 165., prem.
Very little business has been done in the foreign
stock market, and prices are quoted much the
same as yesterday. The Turkish Loan of 1864
is quoted 791 to 80, and that of 1858, 621
toe, ex div. Bales are recorded as follows :—Bra-
Kilian Old Five per Cents., 102 j; ditto Four-and-a-
Half per Cents., 1868, 931; Chllian Fonr-and-a-Ralf
per Cents., 861; Peruvian Uribarren Four-and-a-
Half per Cents., 84; Spanish New Deferred Three
per Cents., foe account, 341 ; Turkish Six per
Cents., 1858, for account, 621, 821, ex div.
Ocean Marine Insurance shares are steady, at
3 6-16 to 3 7.16 prem. ; and Universal Marine, at
* to I Prem.
There was a good demand for money yesterday at
the Bank of England, the rate for the best bills in the
open market being 4 per cent. For four months'
paper the terms are 4 to 4} per cent., and for six
months about 4/.
In the Stock Exchange money was In demand,
and 3 to 3} per ant. was given for loans on govern.
meat securities.
The Commodore Perry has new been at sea 118
days from Melbourne. The rats of insurance on the
wool and gold (68,0001.), however, has not further
advanced, this being considered a slow vesseL More-
over, adverse winds have prevailed for some time
pat. The Ogaden has also been oat 103 days, with
68,0001. ; the Saldanha 96 days, with 65,0001. ; the
Essex 96 dap, with 57,0001. ; the Indemnity 87
days, with 72,0001. ; the Copenhagen 77 days, with
167,6001. ; the Wellesley 77 days, with 94,4001- ;
the Champion of the Bees 73 days, with 176,0001. ;
and the Suffolk 62 days, with 129,6001. A total of
320,0001. in gold is now fully due.
The Committee of the Stock Exchange yesterday
made an investigation into the matter which has
caused so much discussion in that establishment

daring the lilt day or two. We lean with much
pleasure that a resolution wu unanimously passed
to the effect that the " explanation given " by the
firm whose name was called in question, in
cone/rim with a transaction in the shares of the
Bank of Turkey, " coupled With a letter from their
principal exonerating them from all blame" in the
affair, is " perfectly satisfactory." The client being
satisfied, no one else has an 7 ground of oomplaint.
The committee have done their duty in sifting the
matter. In the interest both of the public and of
the Stock Exchange, which is deservedly trusted by
the public, the strict observance of the rules defining
the relations between broker and client cannot bel
tee vigilantly watched over.
The Committee of Bankers met again yesterday, as
agreed, to consider the proposal for terminating
banking business at two o'clock on Saturdays ; but
u they had not hese placed fully in possession of
the views of the joint steak beaks upon the
subject, an adjournment until next Monday was
agreed to. In the meanwhile there will be a con-
forearm between the private bankers and the repre-
sentatives of the joint-stock banks. There is an
impression in some quarters that the immediate re-
sult of their deliberations will be a decision to close
on Saturdays at three o'clock—that is, one hour
earlier than now. This concession, however, would
be considered a very small boon indeed by the large
number of bank employee, many of whom would be
unable to leave business until four or five o'clock.
Such a decision would likewise be regarded with
disappointment by the employes in many other
trades, who are now looking hopefully to the
bankers for an example which would give a power-
ful impulse to the early closing movement in every
direction. The labour of the gentlemen engaged in
banking houses in incessant. No matter if other
people make holiday, they cannot. Their duties, too,
are of a most amens and responsible character, en-
tailing a great draught upon the attention and me-
mory. The claims of no class of employes
therefore, deserve mare consideration. The
mercantile community, headed by Messrs. Rothe-
child and other great firma, have already, eels well
known, memorialised the Bank of England
in favour of closing business at two o'clock on Sa-
-1
iturdays ; and we perceive by the experience of Li-
verpool, Manchester, Bristol. Glasgow, and other
great provincial cowrie, where the regulation now
solicited is actually in force, that no inconvenience
arises as a set-off against its benefits.
Adrian received at Lloyd's yesterday report that
two vessels were on shore near Dover, one being the
Wagoola, for Shanghne, and the ether the Wood-
cote, for Adelaide. Beth are from London. Attempts
would be made to get them off.
The tallow market is very flat, and sales could set
be effected unless at a considerable reduction. • The
stock is now 84,876 casks, against 18,271 at this
date last year, 17,682 in 1868, and 14,893 in 1857.
The delivery for consumption since the let of June
is only 67,918 casks, against 84.773 fee the same
period of last year, 90,281 in 1868, and 90,217 in
1867. . _

A meeting of gentlemen interested in the colony
of Western Australia was hell at the London
Tavern yesterday, Mr. John Chapman in the chair, for
the purpose of considering the but means of turning
the net resources of that colony, especially in re-
spect of timber and minerals, to a profitable amount.
Resolutions were sivectunlly passed that a joint.
stook company (limited) be formed for that purpose,
and that a amusing* be appointed to prepare a pros-
perdue and plea for the formation of the proposed
company, to be submitted to an adjourned meeting.
At the annual meeting of the North British In-
sumacs Company. held at Edinburgh on the Bth
March, Sir A. J. Campbell, Bert., in the chair, the
directors' report showed the following results. In
the fire department the premiums received amounted
to 33,3321. In the life department the new policies
represented 449,9131. assured, and 14,0701. of annual
pessniume, bring a considerable increase over any
previous year. The accumulated fund new amounts
to 1,031.4841., and the manual revenue to 179,0831.
This being the 50th anniversary, the directors sub-
mitted a viclimus of the compaat! transactions
sines its establishment in 1809, showing total pay-
ments to the nubile for damage by tire to the
amount of 471,6771., and total payments to the
representatives of deceased assurer, to the amount
of 1,346,4651., the sum allocated as bonuses out of
profits being 643,9061. The report was unani-
mously approved of, and the usual dividend of 8
per cent. upon the paid-up capital declared.
The annual meeting of the Oriental Bask Corpo-
ration is cellist for the 19th of April; and that of
the British American Land Company for the 26th
lestaat.
A meeting of the shareholders in the Belgian
Eastern Junction Railway Company will be held on
the 28th instant, in London, preliminary to the
meeting °maenad for the 31st, at Brawls.
A special meeting of the Great Western Railway
Company to called for the 22nd instant, to approve
various bill now before parliament.
The annual meeting of the London General Omni-
bus Company (Limited) is called for the 29th instant,

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