The Express.
London, England, 1866-10-06 00:00:00

PROVINCIAL SHARE MARKET&

ErrEaPosi., OCr. 5.--Sales to-day:—Groat Eastern, 2S ;
Great Western. a2l —Lancashire and-1 orkshire, I.4l4—London
and North Weetetn, 1174 !—Manchester. She Meld, and Lin
coln. 544 3letrop attn. 125—North British, 414
4f I—North
Staffordshire. 72-Bonth Eastern, 64j 541 5 14 —Buffalo and
Lake Huron 7 per cent. pref. issued Oct , 1866, —Grand Think
of Canada. 194—Ditto Atlantic and St. Lawrence 3 per cent., 4th
pref. stock. 244—Great Western of Canada, 131—Erie, 61 4-
1111nui, Centntl, 74—United States 6-to Bonds, 7uic—Grest
Luxembourg shares. 124 7-16 4 lertantlle and Exchange Bank
(Limited., 7! el —North and South Wales, 21—Empire Marine
(Limited , 1 0-16 d —Thames and Mercantile Marine Limited., 4 p.
Anglo-American Telegraph, 164 7-16 4—Atlantic Telegraph 13 per
cent., 5 5-16—British and Irish Magnetic Telegraph 874—lia-
Mona' Steam • Limited., 13 d.
- •

YLICEIZSIT.I. OCT. • s.—Atlantic Telegraph Preference Eight
per Cent .1071—Bolckow. Vaughan, and Co. Limited , 11 1 p.—
Eries. 52 11 I—Great Eastern, 50 I—Great Northern A, 12510 }—
Great Western of Canada, 131—Great Western, 54 1-111inols, 79
—Lancashire and Yorkshire. 1231 I.—London and North Western,
1171 1 s—Manchester. Sheffield, and Lincolnshire. 541 5 1—
MetropOlitan, 125 ti 51—Midland, 121—North British, 411 &
South Eastern, 64i 6 i—Thames and Mersey Marine Insurance
(Limited., 4 3-16 1 3.16 p.—United States 5-20 Years' Bonds,
701 I—Fire Assurance, par—London, Chatham, and Dover, 171.
BIRMINGFILII, OCT. s.—Birmingham Banking Company
(Limited , at 1.16 prem. ; Birmingham Town and District Bank.
at 111 ; Lloyd's Bank Limited', at 6 prem. ; Birmingham Alliance
Fire Insurance 'Limited', at die ; and Gloucester Wagon
Limited .at 12 per share. liming prices :—London and North
Western Railway, 1171, buyers ; Birmingham Canal, 861 to BSI ;
Staffordshire and Worcestershire Canal, 300, buyers ; Birming-
ham Financial •,Limited:, 11 to 1 dis. ; Midland Financial
Limited , 2 to 14 dis. ; Birmingham Wagon (Limped;, 10 to
104: and Patent File 'Limited , 5 dis., sellers.

-
Dratnt, OCT.4.—Three per Cent. COnsola, 88}—New Three per
Cent. Mock, el—Ditto for account, 9th Oct., 874 }—Ditto for
New Account, Bth Nor.. 874-Imila Flee per Cent. Mock (trans-
ferable at the Bank of Irelandi,lo34--Bank of Ireland tOl4lO paid?,
967—National Book le3o paid,, 09—Ditto for account, :tro-
t-Inds' Dank £25 paid!. eo4—Royal Bank (LIO paid:. Bel-
last and Northern Counties 411 paid', 41—Dubin& and Had,
Junction :LlOO paid for account, 67—Midland, Great Western,
and Royal Canal (LlOO pad', 60.

TRAFFIC RETURNS.

ILLTLWATIL Mites Per MIN Ta 44 Total,
mage:s. direales. MS.

Week ending ♦ngust 5 It t at
East Indian 11214 7,813 16.734 24.543 25,005
Ditto August 12
Week ending Sept. at.
Loniks:maryAieedtbead 1.44$ Me 1,1111 2210

Weei ending Sept. SD
Caledontas

.. 6611 13,961 2e,314 Kess 34,676

• Strike in mining districts.

MONEY MARKET.-{THIS DAY.)

On o'OLuaz.

There is little business in the share markets
to-day, as usual on a Saturday, but the ten-
dency is better than yesterday, especially as
regards British railway stocks. These secu-
rities have lately been indiscriminately sold to a
large extent by speculators for a fall, who have
taken advantage of the distrust prevailing in the
minds of the public with reference to the financial
position of two or three railway companies. A
disposition is new shown by this class of dealers
to effect purchases, to oover the sales previously
made. An advance, ranging from Ito per cent.,
has accordingly taken place in several of the lead-
ing lines. The shares of the financial companies
have also improved, and foreign bonds show firm-
ness. The funds, in which preparations for the
settlement on Tuesday next are still in progress,
are steady. . _

The discount market remains very quiet, and the
rates for good bills show no change, compared with
those of yesterday. Owing to the inability to use
the large supplies of money, short loans are offered
in the Stock Exchange at 3 per cent.

Consols are now quoted 89} to both for money
and the 9th inst., and 89i to for the new account
(Nov. 8).

Foreign stocks have been little dealt in, and the
only movement in the speculative descriptions is a
rise of / per cent. in Turkish of 1865. The tone of
the market, however, is firmer than yesterday, in
sympathy with most of the other departments of
the Stock Exchange. Turkish Bonds of 1862 are
quoted 53/ to 541 ; ditto, 1865, 301 to 1 ; Greek,
14} to ; Spanish Passive, 21a tol ; ditto Certifi-
cates, 141 to # ; Italian of 1861, 55,1 to 1; and Mexi-
can, 15/to 161. _ _ _

United States 5-20 Bonds have declined per
cent., viz., to 701 to 11, but Erie and Illinois
Central Railway shares exhibit no variation, at
51 to and 78. to 79, respectively.
Anglo-American Telegraph shares are quoted
16i to and Atlantic Telegraph 5i to it, showing
no change iu either case. _ _ _

International Financial shares are quoted 1 9-16
to 7-16 din. ; London. Financial, 16 to 15 dis. ;
General Credit, 2il to 2/ dis. ; Credit Fonder,
4i to 41 dis. ; National Discount, 8 to 9 prem. ;
and Hudson's Bay, 16/ to 17.

' Two o'CLocK.

Consols are xi/mitered, at 89i to f for money
and next Tuesday's settlement, and 89 for
the new account (Nov. 8). _ _

At Paris this morning the Three per Cent. Rentes
opened at 98fr. 92c., showing a recovery of it per
cent.

It is worthy of remark that Italian Bonds
were slightly worse yesterday, notwithstanding the
announcement that the treaty of peace with Aus-
tria has been signed. The event had been "dis-
counted," and sales are now taking place upon its
realisation.

About 22,0001. in bar gold was bought by the
Bank yesterday, while 25,000 sovereigns were with-
drawn for Alexandria.

The foreign exchanges yesterday afternoon were
steady. The only alteration was a movement in
favour of Russia. The usual list is annexed.
Amsterdam, 3 months, 11.191 to 11.1t3 ; ditto, short,
11.16 to 11.18 ; Rotterdam, 3 months, 11.1114 to 12.0 ;
Antwerp, 3 months, 25.474 to 25.524; Brussels, '3 months,
25.471 to 25.521; Hamburg and Altona. 3 months, 13.81 to
13.9 ; Berlin, Cologne, do., 3 months, 6.26 to 6.27;
St. Petersburg, 3 months, 30 Ito 294 ; Paris, short, 252.10
to 25.33 ; ditto, 3 months, 23.40 to 25.41 ; Ma. silks,
3 months, 25.40 to 25.45 ; Frankfort-on-the-Maine,
3 months, 1191 to 120 ; Vienna, 3 months, 13.121 to
13.171; Trieste, 3 months, 13.121 to 13.174; 31a,lrid
months, 47 to 461 ; Santander, 3 months, 47 to 461 • Cadiz,
3 months, 474 to 471; Seville, 3 mouths, 471 to 471; 'Malaga,
3 mouths, 471 to 47 ; Valencia, 3 months, 47/ to 47 ; Bar-
celona, 3 months, 481 to ; I:ilhao, :1 mouths, 471 to
47 ; Saragossa, 3 months, 47i to 474 ; Leghorn, 3
months, 27.0 to 27.10; Genoa, 3 months, 27.0 to
27.10 ; Naples, 3 months, 27.0 to 27.10 ; Palenno,
months, 27.0 to 27.10 ; Messina, 3 months, 27.0 to
127.10 ; Lisbon, 90 days date, 514 to 511 ; Oporto, 90 days
date, 514 to 51i.

The weekly return of tho Bank of France shows
the following changes :

Coin and bullion
Bills discounted
Government deposits.
Notes in circulation
Private deposits
Advances

Decrease r. 25,000
Increase 1,010,000
Decrease 900,i 00
Incre:u4e 1,744,000
Det a•e 470,000
Incresbe fA ,100

Orders for grain abroad are understood to have
contributed chiefly to the decrease in the coin and
bullion, and to the increase iu the demand for
discounts, but the general position of the French
Bank is still decidedly strong.
_ . . .

At Paris and Brussels the rate of discount in the
open market is '2i per cent. ; at Vienna and
Amsterdam, 511 ; at Hamburg, 4 ; at Turin. 6 ; at
Frankfurt, 3/2 ; at Berlin, 4} ; and at St. I'eters-
burg, 7i per cent.
The Asiatic Banking Corporation was established
in 1864 ; it has agencies and branches at Bombay,
Calcutta, Madras, Kandy, Colons o, Penang, Sin-
gapore, Hong Kong, Shanghai, and 'Melbourne,
in addition to a head office in London, and its
liabilities are expected to reach about 3,500,0001.
One of the chief shareholders is Mr. Preinchund
Roychund, who recently failed at Bombay, with
liabilities to the amount of two or three millions
sterling, and who has been clo,ely connected
with the bank from its formation. The authorise:(
capital is 2,000,0001., in shares of 201. each,
of which 750,000/. is paid up, viz.. 500,0001. on the
23,000 original shares, and 250,0001. on the 25,000
new shares. The new shares, which are now un-
saleable, have latterly been quoted in the Stock
Exchange list 11. to 31., with 10/. paid. A distri-
bution has been made to the proprietors at the
rate of 20 per cent. per annum, but ut the last an-
nual meeting a very unfavourable report was pre-
sented, the losses being stated at 142,0001. On
the establishment at Bombay cf the Back Bay
Reclamation Company, of which Mr. Premchund
Roychund was the chief promoter, 510 shares in
that scheme were offered to the government, but
refused by them. These shares were subsequently
sold by auction, and realised in the mania the
almost incredible sum of one million sterling profit,
which was lent to the Asiatic Banking Corporation by
the Reclamation Company, to be repaid in July next.
The position of the bank has been weak for months
past, owing to a constant run upon its resources at
Bombay, promoted by the suspension of Mr.
Premchund Roy chund. From the connection of
this individual with nearly all the share speculations
in Bombay, it is feared that the bank has also
been involved in them to a serious extent.
The concern has been managed by a London board,
assisted by a local committee at Bombay. We have
received the following letter from the London
manager :

TO THE EDITOR OF THE DAILY IMWR.
Sir,—The directrs of the Asia.ic Banking Corporation
tremely regt so
re state that in consequence of a telegram
ex
received this morning from the Bombay agent of the bank,
announcing the suspension of payment of that agency,
they are compelled to close the bank
A statement of the affairs of the bank will be prepared I
. ,
and a meeting of the creditors will be convened as early
as possible after the arrival of the ensuing mail from
Bombay.—By order of the Board,
F. W. Ltuak•cs, Acting General Manager.
It is very possible that this disaster, and the
vague uneasiness and distrust which it is calculated
to engender, may resultin further embarrassments,
but there is reason to believe that the chief
sufferers will be the Bombay speculators who have
been propped up by advances from the Asiatic
Bank. Meanwhile it may be pointed out that this
stoppage has been to a certain extent anticipated,
and that private telegrams, in reporting the sus-
pension at Bombay, state distinctly that there was
no excitement.
The developments in connexion with the affairs of
°reread, Gurney, and Co. (Limited) are making

rapid progress. We have received the following
memorandum from the Defence Committee :

In connection with the affairs of Ovaresd, Gurney, MA
Co., it is announced that Yr. Dundee, on. of the Defoe,
Committee, and who originated the proceedings in
Court of Chanc.ry which resulted in the independent in-
vestigation, h is, eying to the discoveries which have
recently been made by lir. Rowell (Walker, Reddall,Wix,
and Howell), the accountant, commenced an action agaibst
the directors. The object sought by the present procesd-
ing is to make the directors personally liable for be
capital subscribed by the shareholders on the faith of the
accuracy of the prospectus. The action has been brought
in the Court of Common Pleas, and on behalf of the plain-
tiff the Attorney-General, Mr. fierjeent Ballantipe, 2r.
Clement Bwanston (equity bar), sad Mr. F. H. Lewis have
already been retained. The directors have secured the
services of the Solicitar-Genenl, Yr. Kerslake, Q.C., and
Mr. Coleridge, C.C.

With reference to the affairs of the Joint Stark
Discount Company (Limited), a circular has jtst
been addressed,bearing the signatures of the un-
dermentioned gentlemen, via.: —Mr. Edwin H.
Galsworthy, chairman of the late committee of in-
vestigation ; Mr. A. Eames, member of ditto ; Mr.
J. S. Godfrey, member of ditto, and chairman of
the new board ; and Mr. Alex. Hoyes, member of
the new board, who state'as follows :
1. As to the progress of the liquidation, we beg to state
that, at our request, Mr. Harding has undertaken to WIN
at an early date a report, with information up t:lt.
30,1t66. 2. As to proceedings taken against the die
a bill in Chancery was filed in July last, in moppet tO
certain transactions entered into by the old booed.
3. Whether any, and if so what further measures eau be
taken. Upon this point we desire to avoid saying mere
than that we believe the attention of the liquidator and
his solicitors will continue to be directed towards obtaia-
ins, wherever possible, substantial justice for the share-
holders. 4. As to the present position of the company, re
have examined what the old directors accepted as securi-
ties, and hare found there are, as stated in the liquidator's
report" some securities, which at present arealtogether un-
saleable," and "the grea.er part are, for the ptesent, quite
ircouvertible." We agree with Mr. Harding that it is
impossible " to express any opinion as to the amount
which may eventually be reoovered from these securities,"
and that " the peculiar character of the greater palladia
them precludes the possibility of tnaldng anything like a
reliable estimate." The liquidator has disposed of a few
and with regard to the remainder, we ere satisfied that
the course proposed by him, namely, to hold and realise
gradually, in the course of time, is not only the best tor
the interests of the shareholders and creditors, but is, in
fact, the only practicable course in the present condiAat
of the market, and in the unfinished and immature stake
of most of the undertakings to which the securities refer.
Coder this state of circumstances we are unanimously Xi
opinion that it will be, and is, to the interests of the share-
holders to pay the cabs made by the court to enable the
liquidator to arrange with the creditors.
We are requested to state that the rumour as to
a fresh call on the shares of the London Financial
Association is entirely unfounded, as there is no
such intention.

The adjourned half-yearly meeting of the London,
Chatham, and Dover Railway Company will be
held on the 12th instant. It is notified that deben-
ture holders who may desire to attend the meetiwg
will be admitted.

Subjoined is a copy of a private telegram just
received from China : _

Latest dates:—Hong Kong, Rept. 11, 18641; Foo Chew
Foe, Sept. 6, 1f446. Export of tes for the fortniett,
3,0E00,00016a. Market dull. Exchange in Hong Kan,
4s. Md. Freight at Whatopos., under 2.1. per ton.

FRIDAY EVENING.
Consols, which closed yesterday at 89#, "sellers,"
for next Tuesday's settlement, opened and closed
to-day at 89„ to I. For money the last price was
likewise 89,14 to I, and for the Bth November, 89}.
The official business report is as follows :—Thew
per Cent. Consols, for money, 891, it, ;ditto,
toe account, 891, A, ; Three per Cents. Reduced,
; New Three per Cents., 87, 6/ ; Red Sea
Telegraph, 19R ; Bauk Stock, shut ; India Stock,
2121; ditto Five per Cent., 105 ; ditto Four per
Cent. " enlaced" rupee paper, 84, 3 ; ditto Five
per Cent., lOU, 1.
Indian government securities were steady, Sa
were also Exchequer Bills, which were quoted 2s.
dm. to 3a. preen.
The foreign stock market showed much depres-
sion, and an almost general fall occurred it prices.
Egyptian Bonds deeiined 1 to 2 per cent. ; Turkish
' of 1854, Peruvian of 1862, Italian of 1865, and the
Mare 11111 l ana Railway Loan, 1 ; Turkish of 1862,
Greek Coupons, Mexican of 184:4, Equador, and
Spanish New Deferred, it ; Spanish Passive, the
Committee's Certificates, and Creek, ; Ports-
guese, New Gratiadian Deferred, and Mexican, ;
and Italian of 1861, Turkish of 1865, however,
improved

MINES.-(THIS DAY.)

ONZ o'CLOCI.

The mining market is inactive to-day, With few
transactions, and prices generally ale quoted the
same as yesterday. Chiverton Moor, Chiliad
Amalgamated, East Caradon, East Lovell, East
Russell, Great Vor, Prince of Wales, Tincroft,
West Caradon, and West Chivertun shares have
been chiefly dealt in.
_ .

The subjoined report on the metalmarket is from
the circular of Messrs. von Dadelawn and North :
The amount of business reported in the metal market
since our lost rel)ort has not been large, yet on the whole
prices have been well maintained. Iron.—The reports
from Wales and Staffordshire for manufactured iron are
more cheerful, orders are coming in, and previous quota-
tions are fully adhered to. Scotch pig iron has advanced
to 545. tel. cash. ('upper.—A quiet market both for
English and foreign. Copper holders however do not show a
disposition to make concession, which curtails busineme
English raw full up. Burrs, KW. ; Walley)°, Set ; Chili,
7PI. to SUL in Liverpool. Tin.—English was officially
reduced:if. per ton, both for common and refined, on Mon-
day last. Straits tin continues very scarce, and commands
SOf. A large Lllbilleta done in Banes at rill. to 81/.
The Dutch market is firm at elif. Tin plates in very good
demand, and prices tending in sellers' favour. Lead.—A.
good business doing at late rates. Speller has undergone
no change ; on the whole it is steady at 20!. ss. to 219.
spot and for forward delivery. Outport parcels, sa. ;
special brand+, 12s. Gd. to 20/.

COMMERCIAL AND MARKETS.

LIVERPOOL COTTON MARKET.
(THIS DAY.)
(BY ELECTRIC) AND INTERNATIONAL TELEGRAPH.)
(FROH OUR OWN CORREAPONOENT.)
The market continues quiet. at curler rates. Saks
irobaLly 8,41.* bitleA

TALLOW MARKET.—(TRIS DAY.)
e market is quiet at the following prices --Town
444. ; Pe.ersburg Y.C. on the spot, new, 445. tid. ;
.1 dm r to Ma ch 45a. 31. to Gd, ; October to December,
445. ; December. 455.
31ARKET AVEILAGES.—Town tallow, 4651. Gd.: fat by
ditto, 2s. 3d. ; yell9w Russia, 465. !gut,
:t.. 61. ; rough ditto, 19s. Gd.; peeves, ; goad
dregs. Gs.

SHTIIIFTELD HAY MARKET.-(THIS DAY.)
Mr. Charles James Easton marts trade as the fol. •
lowing prices:—Ohl hay, from 841. to 905.; inferior, 70a. to
80..; new hay. Kts. to :Mk; inferior, 604. to 703.; old clover,
110 s. to 115 t. ,• inferior, 4.1%. to 107,a ; Necond tut, Ws: .
to 100 e. ; new ditto, 60s. to 80s. ; straw, 401. to Z,On.

COVENT GARDEN.-(THIS DAY.)
Heavy and continuous supplies of both home-grown and
Continental produce keep prices low, and the demand does
not keep pace with them. Good grapes, both black and
white, from Jersey, Lisbon, and Hamburg. may be had at
from la. to is. 6d. per lb. Bent cob nuts are still plen-
tiful, as are also filberts, for which the sale is dull. Pears
still consist of Louise Bonne of Jersey, Gmtioli, and Wil-
liams's Bon Chretien. Apples are sufficient for the de-
mand. Pine-apples and hothouse grapes are also plentifuL
Vegetables continue abundant. Portugal onions, which are
fine and plentiful, realise from 6s. to 124. per 100. Flowers
chiefly consist of orchids, asters, ealceolarias, pelargo-
niums, fuchsias, balsams, cockscombs, mignonette, and
roses.

rfIRIT.
Nuts. Kent Cobs, per lee lba,
COs tea* .
Peaches, per doz., 44 to les
Pears, per dozen, 2s to 4a
Pine Apples, per lb.. 3..t0 is
'ABLE&
Mtrhrooms, p. pott .1s td tali
Mustard It Cress, p. pans., lid
Wiens, p. des. bun., 3s to as
Parsley, per 4 sieve, Is GA to Is
peas, per qt., Cd to la
per bathe!, 3s Gd to ba
Potatoes. York Regents, p. toe. .
70s be lees
Reeks, do., aOs t* 70a
Fbals" Ws to 126 e
do. Kidneys, Os to Ida
per cwt.
Radishes, p. 12 bun., Is to 1160
3pinseh, per bush., 51 to 3s
Turnips, per bunch, 3d to 4d

Apples, per bushel, 64 to Bs
per dot , Is to to
Grapes, per 11,. ti .tt
Lemons, per WI. 165 to 2611
Melons, eact, 33 to Gs
EL
Artichokes, Per clor 5, to 4I
Beans, Kidney, p aere.obno3sod
Beet, per doz., it 4) 2i
Cistbages, per dot., Is to 2s
thrrots, per buneli, 44 to Gd
Csoltilowern, p. doz., Os to 6$
Celery, per bac die. sd to Is ed
Cucumbers, each, id to 9d
Endive, per doz. Is tots ad
Garlic and Shailoto. Per lb., al
Herbs, per bunch. 641
Horseltadish, p bend, ts6dto ta
Leeks, per bunch, 3d
Lettuces, per serve. is tots 6d
Mint, per bunch, 3d to 4d