The Express.
London, England, 1866-06-28 00:00:00

MONEY -MA

funds opened firmlt)yirsth°i:Cm.
morning
The English
at the closing price of yesterday, but have since
declined 1 per cent., owing to the announcement
that the directors of the Bank of England have
not reduced the rate of discount. Most
of the other departments of the Stock
Exchange, however, are rather firm, and
prices are well maintained. The public continue
to invest in many securities, especially railway
stocks, which are accordingly again better in some
cases. Banking and financial shares are also 'still
inquired for, as well as some of the foreign bonds.
Turkish of 1865 are in especial request. American
securities exhibit a slight improternent.
The discount market is quiet, but it is believed
that an increased demand wlll spring up later in
the day, owing to the !Intent to which bills have
been kept back in exPctation of a reduction in
the Bank rate. The charge fur choice paper is 9}
per cent.
After a somewhat protracted sitting, the directors
of the Bank of England have decided not to alter
the rate of discount, which will accordingly remain
lat 10 per cent. for the present. It is understood
the authorities consider the reserve too low to
admit of the minimum. being lowered at the
moment, and with the period so near for the pay-
ment of the dividends. The publication of the
mmtaCullinoansoy,tanmaredorriiwistoqauwBo7aite:i:B6l'fidiltirtte:sreaux xdiierty;
for
for the account
(July 10).
Turkish Bonds of 1865 are in request, and have
risen 1 per cent., but Italian of 1861 have
receded 4, and Spanish Passive 4. Greek,
Brazilian scrip, and Mexican are steady.
Turkish Bonds of 1862 are now quoted 54 to 55;
ditto of 1865, 28} to 29 ; Greek, 11 to ; Spanish
Passive, 18} to 191 ; ditto Certificates, 141 to 15 ;
Italian, 1861, 40 to ir ; Brazilian scrip, 31 to 21
dis. ; and Mexican, 140 to 1.
There is a alight demand for United States 5-20
bonds, which have advanced 1 per cent., viz., to
644 to . Erie Railway shares are quoted 37f to
381, and Illinois Central 74 to 41, being per
cent. better.
International Financial shares are now quoted
1 a to 11 die. ; London Financial, 13 to 12 dis. ;
General Credit, 11 to 10 die. ; Credit Fonder,
11 to 11 dis.; and National Discount, GI to
74 prem.
In the Stock Exchange yesterday there was a
good demand for money, partly in connection with
the settlement, and, the supply being small, owing
to the advanced period of the quarter, the rate for
short loans on English government securities was
scarcely below 7to 8 per cent. For loans on foreign
stocks from account to account about 8 per cent.
was charged.
The payment of the dividends will commence
at the Bank of England next Monday week, the
9th of July.
The following, with reference to the New Gra-
nada dividends, was posted yesterday in the Stock
Exchange :—" Messrs. Baring BT,.thers and Co.
have this day received on account cf New Granada
dividends the followin' remittances :—Front Cus-
tonthouse of Santa Marta, 370/.; from Custom-
house of Cartagena, 41)01.—total, 8201."
The mail from Guayaquil has broaght a remit-
tance of 6331. I Is. 4d. on account of the dividends
on the debt of Ecuador.
With reference to the Venezuelan G per cent.
Loan, of 1864, the General Credit and Finance
Company of London (Limited) are in receipt of
advices from their agents, Messrs. H. L. Boulton
and Co. dated La Guaira Bth June, of duties
collected' (and remitted) on account of the above
loan, as follows :—Per statement No. f,3, from
Porto Cabello, 5,354.86 ; per stateimait No.
94, from Porto Cabello, 3,5;2.52 leir state-
ment No. 80, from Le Guaira, 3,277 dols. ; per
statement No. 81, from La Guaira, 12,104.74 dole.;
total, 24,309.12.
About 8,0001. in gold was taken to the Bank
yesterday, while 12,000 sovereigns were withdrawn
for transmission to Germany. During the week
63,000/. has been sent in, and 28,00!. taken out
for export.
The Shannon, from the West Indies, has brought
163,5001. in specie (viz. 86.500/. in gold and
77,0001. in silver) • the Allemania, from New York,
44,503/ ; and the Hermann, from the same port,
45.0001. The total by the three vessels is 25:',,0001.
It was stated yesterday that telegrams haul been
received announcing the failure of a Parsee firm at
Bombay, with heavy liabilities, hut the name was
not referred to, owing, it was said, ti the possibility
of a mistake in the transmission
engagements of me;
reach a million and a quarter sterling.
Advices from Calcutta to the 22nd of June re-
port afa :ourable state of mercantile feeling there,
and an advance of Is per cent. in the rupee paper,
not, ithstanding die stoppage of the Agra and
Masteeman's Bank. A firm of indigo brokers had
stopped payment, owing to their connexion with
this undertaking. but their liabilities were under-
stood not to be large. Bank of Bengal shares were
steady, at 70 per cent. premium.
An medication was made on Tuesday to Vice-
Chancellor Wood in chambers, in the matter of the
English Joint-Stock Bank (Limited), to adjourn
the appointment of an official liquidator for a
month, in order to give time fur carrying out the
scheme for resuscitation of the undertaking. The
application was strongly supported by the directors,
and shareholders, as well as by the creditors, and
ri,,GaiterarrfulTriimiusnariesritorinesroestthaitiThasNEertie'rrObitere.n—knTowhne
was granted. It is understood that shareholders brake over this town and neighbourhood yesterday at
representing 13,530 shares, and creditors to the half past 5 o'clock, and continued with unabated violence
extent of 467,6711., have already assented to the for one hour ; hailstones fell weighing from two to three
sclieme, one of the chief features of which, if car- I
ounces ; the rain descended in ton cots, and Ino houses,
ricd ort, will, we hear, be the return of the bank includieg the shops in the principal streets, were flooded.
to its original position of a country bank with a A large amount of glass was broken. tireat damage was
London agency. It is only intended to resume done to property and standing crinei.
business at such of the provincial branches as, in Naueow Esears or TliE QUEEN'S TRAIN.—On
the opinion of the directors, hold out the prospect Monday afternoon, the royal train, with her Majesty and
of a good business. the royal family, had a very narrow escape from a rather
The London and North Western Railway traffic awkward
return shows this week an increase of 2,8931. over !coullis,:uoen
aotnaefa;
at +••d)1
IN.omrth-riteirnt line.
understoodr&w that the usual preeautio'us safety
last year ; the Great Western an increase of 2,838/.; I
.een made. the engine-drivers were proceeding past the
the Great Northern an increase
of 3381. ; the Mid-1 stition under the usual signs' of a white flee waved from
land an increase of 4,2381. ; the Great Eastern a the pkitform. Some of the company's servants had, how-
decrease of 1161. ; and the London and South ;
I from one siding to another, and for this purpose they had
Western a decrease of 3 545/.
ever, been engsged about the same tuneshunting a waggon
/2. • t pas, the WA across the main line. The waggon
The annual meeting or proprietors of the .nlon Ana horse happened thus to be standing on the -
Bank of Australia is called for the lath July. line, a little west of the station, when the royal train
A call of 11. 10s., making 151. paid. is to be paid I was nearing
on the shares of the East India Irrigation and upon the waggon..
.A gentleman standing near fortunately
the spot, and would doubtless have been
observed the position of matters, and immediately went
Canal Company by the 25th July. ! between the rails and sign`
lleil to the drivers, and the
yortheora:loon,roe ywhick
In preparation for the half-monthly settlement . rielee was that the train was almost instantly
in shares on Friday, the rates of " continuation" I heeleht to a dead stand,_but.not till the disotaniile between
yesterday were generally very moderate. The terms lime_vicatosnt and e thcc,romyelotrtriT
window
]
we; opeinedYby the Princess Helena, and the Queen and the
on some of the home railway stocks, however, were
less easy in the afternoon than in the morn-
Princess stood for some time at the door, and occasionally
ing. Some of the quotations are given below : smiled to the immense crovid of excursionists who had been
OONTANGott. on the platform, but rushed to the royal saloon ou the un-
opening. moque. I expected stoppage of the train. The engines were oiled,
ito t 3-16 the waggon removed, and the train re-started, after a delay
Great Eastern
Great Western
Groat Northern A.. -16 to 7-lo .. 916 to 11-16
London and N. Western ito • • ems m„, 7.1,3 ALARMING INJURY TO THE AQUEDUCT ON TIIE
Lancashire Yorkshire 7-16 ta 9-16 .. 0•16 to 11-161 At RE AND CALDE/1 CANAL.—Great fears are entertained in
Iliruiley and the neighbourhood that serious perms neut
Manchester, Sheffield,
and Lincolnshire
Metronomes -------- -- • • 7.,t ; that tore, o•,as is believed, to the coal having been
Midland
North liastern(Berwick) to ]: io I got in the imui • district, and thus interfering with the
Ditto (York; to I foundation of the arches to an alarming extent. The canal
DM?
to 1-16 .. wr to 1.16 I mmmluct, and greatly interfered with the traffic, besides
Luxembourg
nlinots
Erica putting
.s_ a stop to
.several collieries. The valley o. f the.
3_1166 i,sartie at this point is crossed by nve massive arches of
3194;1166 tol'ute stonework. During the last few days a large crack has
i and in one of the arches there is also an id:anaemia crack
GOUninti.resTrstenn6;n2ukooWnifCCansandiada-d'a. 11.119:1166.. WU-1i 15.1a.3..C4-111666. Od. to Is. ed. I been discovered from one end of the structure to the other,
With reference to bills drawn on the Bank of from top
London by the Banque Nationale of Quebec, we I
are requested to pub bah the following notice, which ! inserting massive iron bolts in order to strengthen the
ployed drilling gb°:hrongt4m. hStreersaltonweworkormk amen
nor aZebp"il
urpoeey els-of
has been sent to the billholders I arches as much ns possible. Should the structure give
Banque Nationale, Quebec, June 13,1866. way it will interfere with an immense canal traffic. be-
am instructed to inform you that arrangements 1 aides putting a stop
flit to several important oollier—Lerds
have been made with the Union Bank of London for the Mercury.

WZDXLIMAT Evvnle.
Consols, which closed yesterday at 87 to ex
div., for the 10th of July, opened and closed to-
day at the same quotation, temptitarily rising in
the interval to 87} to For money the last
price was Skit to The official business report is
as follows :—Three per Cent. Consols, for money, ;
7t, ; ditto, for account, 87k, I ; Three
per Cents. Eteducod,.B6, 6, it • New Three per •
Cents., 1, ; India Five per Cent.
Stock, 103, #: ditto Five per Cent. " enfaced"
rupee paper, 100 ; ditto Four per Cent. Bonds,
ss. dis., 5 prem.
The India Five per Cent. Stock was quiet. Ex-
chequer Bilis were quoted the same as yesterday—
the March 10s. dis. to par, and the June se. die.
to ss. prem.
The foreign stock market was firm, and a further
advance took place in several cases. Egyptian
Bonds have again risen 1 to 141 per cent. ' • Italian of
1861 and Brazilian • Scrip' improved
improved 1 • Greek and
Turkish of 186'2, 1, ; Turkish of 1885, ; and
Spanish Passive, f. Danubian Bonds also met
with inquiry. Peruvian of 1862 and 1865, how-
ever, experienced an unfavourable reaction of 1
er cent.

MINES.-(THIS DAY.)

ONE o'CLogi.

_ .
The mining market is firm to-day, with a good
amount of lniiinoss. West Chiverton,Prigee of Wales,
Chiverton Moor, Chontales, and Mineral Rights
sharesare in request. WestChivortonarenow quoted
67 to 68; Prince of Wales, 12s. to 13s. ; Chiverton
Moor, 54 to 6 ; Great Laxey, 19 to 20, cx div. ;
Wheal Seton, 1671 to 1721 ; East Caradon, 71 to
• Frank Mills, 4 to 5 ; Chontales, 21 tog prom. ;
and Mineral Rights, par to 1 prem.
The directors of the South Darren Company have •
doelarea a dividend of 2s. tkl. per share, free of
one tax.

ineoi