The Express.
London, England, 1867-02-14 00:00:00

A NEW STEAM SLOOP RUN ASHORE.

Her Majesty's new screw steam sloop Dryad, 4,
in charge of the officers of the Steam Reserve in Hammle,
went on trial outside Plymouth breakwater yesterday
morning, and was run ashore in White Saud Bay, and nar-
rowly escaped being wrecked. She was built of wood at
Davenport, burden 1,086 tons, and has engines of 200-
horse p.iiver, by Napier, which seemed to work well,
having produced 92 revolutions per minute, with a
pressure of steam of 25111., and vacuum !7. Her
present draught is 15ft. aft and Bft. llin. forward. Her
lead draught will be 18ft. aft. In consequenee of the thick-
ness of the weather, the Eddystone wan not descried, and
no reliable calculation of the ship's speed could be made.
When she was put about, instead of returning to the
Sound, she went on the rocks in front of the Down Derry,
several miles to the westward, at 11.5 a.m., and con-
tinued bumpio4 until 11.35, when she was backed off by her
screw. SOlllll timbers, supposed to be portions of her false
keel, were beaten off, and came up alongside. She was only
100 yards from the beach, and the houses could be clearly
seen. Where the Drywl struck, the ground was flat on
either side. The rocks are so rugged that they would
soon have torn her to pieces. The Down Derry life-
boat was promptly manned and brought alongside.
The coastguard boarded the sloop in a quarter of an
hour, and one of the officers piloted her to Plymouth.
Five minutes before grounding the engines were slowed.
After grounding they kept going astern at full speed
until she got off. Preparations were made to carry out a
kedge anchor. The accident is attributed to the incorrect-
ness of the compasses, said to be five points out. The
weather was extremely flee. There was scarcely any wind.
It was high tide about noon. The Dryad will be docked
immediately.

WEATHER REPORT.-(THIS DAY.)

THURSDAY, rauctuar 14, 8 B.X.

MONEY MARKET.-(THIS DAY.

Om o'Ozoon.

Increased depression is observable to-day in the
Stock Exchange, and prices have experienced a
fresh reduction, partly upon vague rumours of
Fenian disturbances in Ireland. Stock comes freely
t., the market from various sources, and the result is
a strong demand for money amongst the dealers,
who are offering 2} to 3 per cent. for short ad-
vances on English government securities. Consols
have declined per cent. The fall in most of
the British railway shares amounts to Ato ;
but South Eastern and Great Eastern have given
way to the extent of 3to 1. As regards foreign
bonds the most important downward move-
ment is in Turkish of 1865, Russian
scrip, and Italian of 1861. The latter have been
unfavourably affected by the political intelligence
from Florence. Financial shares are dull, and a
reduction of 2s. 6d. to ss. has occurred in Credit
Fonder.

The discount market is quiet, and the rate for
choice bills unaltered, at 2# to; per cent.
Consols are now quoted 90} to I for money, and
90,, to f for the account (March 7).
Foreign stocks have receded, in sympathy with
other securities. Turkish Bonds of 1862, and
Italian of 1861, have declined A per cent. ;
Turkish of 1865 and Russian Scrip, ; Spanish Pas-
sive and Certificates, ; and Mexican, A.
Turkish Bonds of 1862 are quoted 58 to 57 ;
ditto of 1865, 311 to # ; Greek, 141 to I ;
Spanish Passive, 22} to ; ditto Certificates, 14
to f ; Italian of 1861, 536 to ; Mexican, 171
to 18 ; Russian Scrip, 2.1 to A prem. ; and Chiliau
Scrip, to t prem.
United State; :I-20 Bonds are quiet, at 73 to ;
but Erie Railway shares have improved per cent.,
viz., to 39A to 40. Illinois Central are quoted 78
to 79.

Anglo-American and Atlantic Telegraph Eight
per Cent. Preference shares are dull ; the former
are called 15 to 1, and the latter, 21 to 3.
International Financial shares are quoted 21
to 2 dia. ; London Financial, 18 to 17 dis. ;
General Credit, 2g to 21 dis. ; Credit Fonder,
5i to 51 dis. ; National Discount, 81 to 9 prom.,
ex div.; and Hudson's Bay, 15 to 16.
The 31st annual meeting of the Liverpool and
London and Globe Insurance Company will be
held on the 26th inst., to receive a report and
statement of the company's affairs.
A meeting of the Danube and Black Sea Rail-
way and Kustendje Harbour Company will be held
pro formd, on the 28th inst., and adjourned till a
future day.
An ordinary meeting of the North American
Colonial Association is convened for the 27th inst.
The annual general meeting of Grays Chalk
Quarries Company is called for the 26th inst., for
the consideration of the report of the directors.
HALF-PAST THISBE o'Ctooa.
Consols are 1 per cent. better, at 90,1 to 1 for
money, and 90/ to for the account.
About 10,000 sovereigns have been withdrawn
from the Bank for Egypt.
At Paris this morning the Three per Cent. Renter
opened at 69fr. 65c., being nearly per cent.
higher than yesterday.
No bullion operations were reported at the Bank
yesterday. The amount withdrawn for export since
the date of the last return is 59,000!., while 8,0001.
has been sent in from abroad.
The Germania has arrived from New York with
64,8781. for England, and 10,0141. for France ; and
the City of Boston with 9,0001.
The exact amount of specie brought by the French
mail steamer Imperatrice Eugenie the arrival of
which at St. Netlike from Mexico has already been
reported, is 295,0001., of which 31,0001. is for pri-
vate firms in Paris, 160,000!. for the French Trea-
sury, and 104,0001. for London.
Advises from Manchester mention the failure of
Mr. N. J. Arnim'. smallware manufacturer, of Al-
bion Mills, Gaythorn, with liabilities amounting to
30,000/. Messrs. W. Hadfield and Co., of Higher
Ardwick and Warrington, have also suspended
payment.
The Great Indian Peninsula Railway Company
yesterday paid 507,0001. into the Bank of England
to the credit of the Secretary of State for India.
This sum completes the payment on the million
and a quarter of debentures recently issued by this
company, and which were yesterday quoted 1001,
or I prom.
A meeting of the bond and share holders of the Ita-
lian Irrigation Company (Canal Cavour) is convened
for the 19th inst., at the London Tavern, for the
purpose of giving expression to their indignation at
the conduct of the Italian government towards the
company. Nearly four millions of British capital
have been expended in this magnificent under-
taking, on the faith of a guarantee from the go-
vernment of Victor Emmanuel, and it seems a most
unwise policy on the part of that government to
fail in its engagements. The engineering, the
works, and large salaries to government officials
were all paid by money from this country, and even
8,0001. per annum of government taxes was contri-
buted by the unfortunate proprietors in the belief
that when the Grand Canal was opened, as was
done with great pomp on the 12th April last, the
guarantee would be duly assumed ; but on one plea
or other this is put off, and pretext after pretext is
resorted to. It is high time that the Italian par-'
liament, if jealous of its country's honour, should
take the matter up.
The Committee of Investigation of the Atlantic
and Great Western Railway have announced to the
bondholders and creditors the fact of their having
entered on their labours, but toward expenses ask
2s. per 100!. sterling as a pro rata contribution to
cover the expenses of thoroughly investigating the
transactions of the company and informing those

interested as to their prospects.
The subjoined report on the market for American
securities is from the circular of Messrs. Satter-
thwaite and Cu. :
In the London market for American securities we have
to record a fair amount of business during the past week
in United States a. 20 Bonds. Up to yesterday, the price
remained almost the same as this day week, bet on advice,
fro n New York of lower premium on gold, with a slight
advance on government securities, the price advanced to
73 to t. Illinois Central shares for the same reasons have
advanced more than 1 per cent., closing 81.1 to 82, but
Eries show no improvement, the latest quotation being 39f
to 1. There has been a complete panic in the various
securities of the Atlantic and Great Western, the first and
second sectional Mortgage Bonds, without any officially
reconled transaction, being quoted 15 per cent. lower than
this day week. The Consolidated Mortgage Bonds have
also declined 4 per cent., and the Debentures 7 per tient. ;
the rate of continuation for carrying over Consolidated
Bonds until next account has been merely nominal.
The following notice, relating to speculative in-
surances, was posted yesterday: at Lloyd's :—" The
attention of the committee having been called to
the subject of speculative insurances, they have
taken certain steps respecting the same, and being
strongly of opinion that it is desirable to dis-
courage insurances of this nature, they rely on the
moral support and active co-operition of the
members and subscribers of the establishment to
aid them in their endeavour to exclude from the
room business of this class."
The well-known premises of Overend, Gurney,
and Co., at 65, Lombard-street, are to be sold by
auction by Messrs. Gadsden, Ellis, and Scorer, at
the Auction Mart, on the 12th March.

MIXES,-(THIS DAY.)

thrs o'Orfocni.

This being settling day, there is not much gene-
ral business in the mining market, but shares in
the following mines are inquired for at the quota-
tions given :—West Seton, 135 140 to ,ex thy.; Great
Vor, 17 to ; North Crafty,sl to ; East Lovell,
10 to ; Great South Tolgus, 10s. to 128. &I. ;