The Express.
London, England, 1858-02-16 00:00:00

THE EXPRESS, TUESDAY EVENING, FEBRUARY 16. 1858.

LUIVIJON sLYD BLACKWALL itALL WAY.

(THIS DAY.)

This morning the usual half-yeerly meeting of the
proprietkro of the above railway was held at the Louden
Tavern, Mr. J. N. DAN !ILL, abeirman of the board of
directors, in the ohakr.
The report has already appeared in the AC:prem. The net
TIPISCRIe of the ball-year amounted to 26,5401. 12a., sad, au,
deducting therein= 8,2031. 9.. ltd. for interest on the &ba-
ton capital, there remained 19,13.55. 2a. Id. for Mellon
satraget the shareholders. Out of that sum the etnetors
recommended a dividend of 3s. W. a share, which would
tasorb 19.0971. 18s. 84., sad lases 3671.35. 7d. to be carried
to the =at =coast

Tb• CN • I IMMO, la OW,* the tion of the report, ed-
varied to the recant commalial = which he was glad to
asp hod not affected the dividend of this company. The
Indio during the lan half-year eabibleed se, change es com-
berth the corresponding period at 1864. Daring the last
months the directors bad not mei for payment of the
capital to build the bonded warehouse. Or mom ha that
wee the fact of the Victoria Dock having chlieed
parliamentary pea ere to sea the Ye and ea
had been aim to whereby Ihi aims wadi
:en=u tto purchase the irehades to Ike Mid their
big built by the dock . The idioms fleeted
ea the meth side of the Mae had swig the
trifle d the nisi, aid it was to be that say
delay ha arm pie to the sti warehiessa the
north tilde, ism Seim had did tire binned
en the saw ins. try*e lie wising munpneesectrommte,
at the ad d Jose twat the saw dile be -pima cm
the same /Raft se the aid siwese, mod &ruby be IMAM
to pertisipses In the meesdeed 6 par cent. dividend now
P as the erfpUsel
r. 0. /Urns r explenation as to a ram
of 60,0001. paid al dais the half-year, and also
whether the Lwow d du warehouse land had repudiated
their agreement, wbareby they guaranteed 6 per cant. upon
the money which this company expended upon the ware-
boners. Ile should be glad to know who the Wefts were.
The Ce•ism•ii said the 60,0001. referred to wee honeyed
for widening the tine. The lemma of the warehouses were
Maws Pao, Betts, and Bramey. Certainly they had not
repudiated their agreement, but were prepared to carry It out
bead, and even to do more if the directors would allow
them. _ .

Mr. Liar itrox hoped the directors would not the
sales of the company's earplug leads for the praerß Lead
was Haag be value. and it was just possible the Hue would
require all Ms land the company possessed.
14. 01101.111 811ITH COUWIII2IAd upon the new sham
=l4 He said 60,0001. had bean raised upon those
warehome purposes, and he contended that nadir
past &resment with the lessees the mew eh were now
to interest. He complained that the line woe &pm.
Mating in .11.11111.
The Ciwzigaar met the latter observation with the feet
that while ta 1860 the total menus was 48.0001., in 1867 it
or 82.0001. ; m 1&50 the dividend was 2a. per share, In
1867 it had increased to fle. id. per ahem.
Dr. Canner &eked when the money came from to pay off
the 80,0001., and whether the London end North Western
owed this company 100,0001. for the Hayden-miners breach.
The CWAIRMAN mplied that the 60,0001. was paid out of
the moms, received on the new shams. The London and
North Wean= did not owe this company 100,0004, hat this
compeny held that amount of London and North Woolom
dikestm/01.

Dr. CRON sr thought the eltareholdes had good omen to
be dissatisfied with the management, because while the
receipts had increased the dividend had diminished.
The CHAIRKIN said the per =step of expenses wee lower
on this line than on any other in the ldngdom ; it was 33 per
emit. of the receipts.
After some further discussion the report was adopted, sad
the dividend derlarod payable on end after the 17th Instant.
A resolution wee moved from the their to place the wow
shares on a footing with the old next July, to whit* Mr.
GOO. SMITH moved NI en sinendumett the appointment of •
etamittee to Inquire tato Mara Peso, Batts, end Brumes
gunman Est the anseadmisea was mooned by • lugs neno•
sad the resolution paned.
The retiring directors were melened and the proceedings
closed in the yawl manner.

SCINDI 2AILWAI.

The fourth report of this company, inet lamed,
states that on learning, in September last, the
the Bombay government of their line, as
by them, they entered into • contract wi Brayrita"7.
for the works between Kurrachee and Kotree, the port of
Hyderabad. A member of that firm riled for Klamath*
with an efficient staff by the lad mail steamer. Ethos the
last report thirty miles of permanent way material,
with that previously ship sixty alba wide a wllman
Me rolling stork, has been and a tether
quan-
tity is now being forwarded. The anticipate a
thermal of the working towage, from the discovery of seat
adapted lo the use of locomotives near the terminus of the
17wr Sande Railway. With rehrethe to the capabillthe
ef the harbour of K anodise. they adduce the experience of
several sea captains. and the opinion of Captain Darks, et
the Hugh Lindsay, that it LI impossible to find any hightide throughout the year, when soundings would be lees than
Si feet in the main channel. They publish • table of the
external trade of Sciade, showing that the increase Of 74 per
cent. in the value of exports during 1&55-56, caused by the
Russian war, has been followed by a further increses of 22
per mat during the past year. The anthorides is Sande
hem recommended that this company be aetharieed
to warm • breach line from Soaker to Dad_ ,wr
near the Bolan Pass, and another from Hyderabad
to Deese ; the first, securing the trade of hffghith
then, sad the mooed, effectuig direct railway coth
munication with Bombe . The shares in the new capitol of
250,0001., issued be Bets the Indus Steam Flotilla, have
all boss allotted, earl aline call of 41. is in course of payment.
The purvey of the Puidenb Railway is completed, and the
I Zest India Company hem the Issue of 1,600,0001.
of NOW, ea which they will was
5 per oath inhume,
M the mad alma Me directors quote el the
Deals Frets, the Commissioner in
meememaiiing the breach lines to Dative sad
Deem
in • M the Governor of Bombay, and also thos
the government of the Pnejsub, relative to the urgency and
pressing nemesity which mist foe the immediate construction
of the Puejath railway.

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ISBARE L 1676.-71114 DAY.

Two o'CLoow.
The railway share market to-day has attained a
further general rise, varying from to 1 per mint.
Most of the leading stacks are in good demand.
London and North Western is quoted 102 to fl;
Great Western, 62i to 63; Midland, 1001 to 4 ;
Lancashire and Yorltshire, 964 to 97 ; London and
South Western, 49j to 60 per share; Great Northern,
261 to 27 ; and Eastern Counties, lit to t.
All the Indian shares are in demand and rising.
Grand Trunk of Canada, Great Western of Canada,
and some of the French and Belgian lines are also
better.

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MONEY MABEE 2-2 Aii .%A .

Tc o'CLocil.

A fresh rise of to I per oe;t. hea taken
plain to-day in the funds, and in nearly
every other department of the Stock Exchange
increased buoyancy prevails. English, Indian,
and Canadian railway shares, together with most
kinds of foreign state bonds, are in animated
demand.

Consols for the 4th of March were first marked 961,
and are now quoted exactly 97, or 96 16-16 to 97 1-16.
For money the present quotation 697, " yellers." The
Three per Cents. Reduced have been dealt in at 961
to 971 ; the New Three per Cents. at 97 to 9711 Bank
Stock at 224 ; Exchequer Bills at 365. to 40a.
prem., showing a freak rise ; Exchequer Bonds, 1868,
at 100: ; ditto, 1869, at 100} ; and India Bonds at
26e. prem.

Foreign stocks of nearly all descriptions retain
an upward tendency. Turkish Six per Cents. have
been marked u high as 1031, and are now
quoted 103 to 1. The Guaranteed Four per
Cents. are comparatively doll, but Buenos
Apes, Peruvian, Spanish, Portuguese, and
Sardinian Bonds continue in active demand.
Sales are recorded an follows:—Buena Ayres Six
per Cents., at 84 to 85, ax deferred; ditto Deferred
Three per Cents., at 14 to 20; Chilian Three
per Cents., at 77; French Four-and•a-lfalf
per Cent. Remits, at 94fr. (exchange,

26f.) Mexican Bonds, for account (96th Feb.), at 201
to 201; Peruvian Four-and-a-Half per Cents., for ac-
count, at 831 to 84; ditto Three per Cents., for
account, at 67 to 671; Portuguese Three
per Cents., 1863, for account, at 46; Russian
Five per Cents. at 112 ; ditto, Fom,and-a-Half per
Cents., at 100; Sardinian, Five per Cents., for ac
count, at 901 to 91 ; Spanish Old Three
per Cents., for account, at 441 ; ditto, New
Deferred Three per Cents., for account,
at 261, 261, 261, and 261 ; the Coupon-
Certificates, at 5; Turkish Six per Cents., at 1021;
ditto for account (28th Feb.) at 1021 to 1031; ditto
Guaranteed Four per Cents., at 1041, ex div.; ditto
few account, at 1041, ex div.
The Bombay mails are expected to reach London
ea Friday next.
At Paris to-day (Tuesday), according to Mr.
Renter's telegram, the Three per Cent. Rentals
opened at 69fr. 85c. for the account, showing an
improvement of nearly k per cent.
The amount of bar gold sent into the Bank yester-
day was 68,0001., making a total of some 220,0001.
mince the date of the last return. Of the 277,3001. in
gold ex the Avon, from the Brazils, about two-thirds
consists of sovereigns, which also go into the Bank.
Of the other gold by this vessel a limited amount
has been taken for the Continent.

The discount market continues superabundantly
sapplied with money. The current rate for good bills
is 24 per mat., but numerous transactions take place
upon lower terms. At the Bank of England yester-
day the applications were consequently very limited.
1 A reduction of the minimum rate at this establish-
ment to 24 per mut. seems to be drawing near, but
will probably be deferred for a week or so.

lathe Stock Ezchaage the supply of money is so
largo that the greatest difficulty is experienced in
it upo., government securities,even at almost
nominal rates.

The French government have reduced the rate of
interest on Treasury Bonds i per cent. This step is
calculated to annulate investments in the Rentes.

Letters from Paris continue to express a belief
that a seduction in the rate of discount of the Bank
f France to 4 per eent. will not be long delayed.
The reports from the other continental stock mar-
hes indicate general firmness.
Although it is expected in some quarters that at
the approaching renewal of Exchequer Bills the rate
of interest will be reduced from 21d. per 1001. per
day, at which it now stands, to lest than 24., the
demand foe thews securities continues unabated, and
the supply in the market is scanty. A fresh rise of
Is. to 2a. was established yesterday, the closing quo-
tation being 345. to 38e. prem.
The half-yearly dividends are advertised on Peru-
vian Four-and-a-Half per Cent. Active Bonds.
At last, on the 15th of February, we have the
Board of Trade returns for the month of December.
Despite the inexcusable delay, the results are inte-
ragbag. We find that in the month of December,
owing to the monetary crisis, the exports suddenly
declined to the extent of 2,897,1851., compared with
the eorreepooding mouth of 1856. The crisis set in
so late in the year, however, that the aggregate ex-
ports for 1857, so far as sacertained, were more than
six millions in excess of those of 1856, and 26 mil-
lions more than in 1855. It is an important point in
favour of the money market that the country is now
holding its hands u regards its export trade, and
waiting for the returns for the enormous consign-
ments despatched to all quarters.
The amount of specie brought by the Europa from
the United States was reported by telegraph yester-
day afternoon as no less than 2,223,981 dole., or say
445,0001. sterling. This is one of the largest specie
remittances ever received from the United States.
The telegraph announces a general improvement in
the New York stock market.
The latest quotation for Illinois Central Railroad
shares was 97 ; for the bonds, 86i; and for New
York and Erie shares, 23*.
The steamer Tagus has brought 11,7321. in specie
from the Peninsula.

At -e-ilcatta the exchange on London is quoted u
low u 2a. ld. for first class bills.

A telegram from Bt. Petersburg quotes the ex-
change on London at Mid., and reports considerable
business in tallow, at 154r0., " with all the money
down." - _

The corn market yesterday was rather firmer, at
the previous Monday's rates. Only three Boating
cargoesof grain have arrived at ports of call. Most
O
of the corn markets reported rather dearer.
We notice as a feature in the railway sharemarket
that Midland stock has reached par. Eight years
ago, viz., on the 16th April, 1860, the pries of this
stock was 301, being the lowest ever known.
The Stook Exchange Committee have appointed
Friday next, the 19th inst., settling day for the
shares in the Great Southern of India Railway Com-
pany (Limited), and for the new shares of the Scinde
Railway Company ; and Monday, the lit March,
for the shares in the Bahia and San Francisco Rail-
way
.Company. In each crelortzrivilege of quota-
tion in the official lista is

Morzur Immo.

The abundance of money, and the low rates of
interest, are at length producing the effect generally
anticipated. The influx of investors into the Stook
Exhange has become a marked feature ; the proper.
tics of bona jibe operations, nearly all on the Ade of
purchases, is decidedly increasing; all eligible
securities are steadily rising; and general buoyancy
prevails in the stock markets. The funds have
attained a fresh advance of f, per cent., and closed at
the highest point of the day. For English and
Indian railway shares considerably higher prices
were established. Preference and guaranteed securi-
ties of all kinds met with increasing demand.
In the afternoon confidence was additionally
stimulated by news of an enormous arrival)
of specie from America. The sole exception
to the general buoyancy was in the market for
French railway shares, which sympathises with the
dulness induced in financial circles in France
ill-advised proceedings of the government.
Consols, which closed on fiaturd_ sy at 961 to ,
for the 4th March, were Hest marked this morning
961, and closed at 96t, " buyers." For mosey the
last price was 961 to I. The (Anal business r
port is as follows :—'fhree per Cent. Consols,
Sy, 961, I, f ; ditto, !hr swot (4th If

96k, •
lA. Three pse Cents. Reduced, 9611,4nt
4, New Three per Cents., 961, 1,
Stock, 224. India Stock, 2191. India Bonds, 25e.
m.
The transactions in the foreign stock market were
upon a more extensive scale than for many months
past, and a general rise in prices has taken piece.
Turkish Six per Cents. were marked as high as 1031,
and closed at 1021 to;, or 11 per cent. higher than
on Saturday. The Guaranteed Four per Cents.were
almost stationary, closing at log to 105 ex div. In
Peruvian Bonds a very large amount of business was
done : the Four-and-a-Half per Cents. closed at 82}
to 83;; the Three per Cents. at 561 to 57 ; and the
Pour-and-a-Half per Cent. Dollar Bonds at 56 to 68.
Spanish bonds likewise met with extensive transac-
tions : the Deferred Three per Cents. were last
quoted 281toi; the Passive Bonds, Ok to 1 ; and
the Coupon-Certificates, sto 51 per cent. Sardinian
Bonds were firm, at 901 to 91. Dutch, Russian, Por-
tugueee, Chili= and Brazilian were all inquired for.
Buenos Ayres Six per Cents. attained a fresh
rise, being quoted this afternoon 110 to 115, in-
clusive of the whole dividends in arrear. In the
Stock Exchange transactions are officially reported
at 82 to 84 ex the Deferred Bonds, and in the De-
ferred Bonds at 18 to 20. The settlement of this
debt has induced inquiries for the bonds of other
Spanish American states which, unlike Buenos
Ayres, hare not yet returned to the path of honesty.
Colonial government securities continue in demand.
Victoria Government Six per Cents, rose 1 per cent.
to-day.
Bank shares to-day were steady, except those of
the English, Scottish, and Australian Chartered
Bank, and London Chartered Bank of Australia,
which showed fiatnees. Bank of Egypt were firmer.
Victoria Dock stock exhibits a fresh rise of 2 to
per cent. Crystal Palace and Netherlands Land
shares were also inquired for. National Discount
and London General Omnibus were more offered.
London Dock stock was officially marked 1051
to 106.

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