The Express.
London, England, 1867-03-15 00:00:00

1.1 bine&
B. T. W. lid ' .. W. R.—
11
0.1 to
—l_l 12 & ID.
.....---- .....
Nairn ze.B3 sa N.M. 2 1 N.W. ab o.ll' 1
Aberdeen '21.76 27 N.W. 2 2 N. ab 0.07 1
Leith 29 ail 31' N.W. 1 1 LN.L cb 1
Ardroman 29.9033' N. 3 4 L b, I
Greencastle 2195 33 N.N.E. 11 1 L&E. eh 0.01 2
Valentia '— —, 1 i'•
Qtpe Clear 49.62 34' N.E. 6 8 E. b— 1 6
Liverpool 29.85 34 N.E. 2 1 LN.L o— 1
Holyhead 29.8236 LN.L 4 8 E.N.E. so 4
Pensance 19.47 11 LN.L 5 4 N.N.W. 0 0.06 6
Brest 29.6618 N.N.W. 8, 8 W.&W. • ilia 11.1,41 I
Lorient MN &W. 2' 8 I &W. c 11.01. 3
Rochefort —19.73 6 &W. 31 3 & cl —l6
Plymouth rain I* &EL T. I 1.8.1. TO 0.125
Weymouth 2176 Z.N.Z. 0I 8 IL re 0.27 6
Portsmouth 29.73 34 LN.L II ! 8 Z. So ,8.111 11
London 29.78 N.B. 2' 4 Z. Imo :Oat -
Yarmouth 10.77 &N.& 4, II ILL oo , ' 3
Bcarboroogit 20.111 12. 11 3 12..&L he U
10.92 1
Shields 19.87 N.W. 2 1 N.W. 4 1 3

MONEY MARKET.-(THIS DAY.)

Oxi o'Cx.uox.

In the Stock Exchange to-day the principal
feature is a further important fall in railway s,cu-
rities, which have been pressed for sale to a large
extent, upon a fear that the Great Western Rail-
way Company will not bo able before the 29th inst.
(the date to which the meeting was adjourned), to
obtain sufficient funds to pay the interest on their
preference stocks in cash. The reduction in
the stock of that undertaking-amounted to
per cent., while the other leading lines have
declined ~ to Consols and some of the specu-
lative foreign bonds are per cent. lower, and
banking, financial, and miscellaneous shares are
dull. The fortnightly settlement will be completed
this afternoon.

There is a good demand for money to-day, in
connexion with the Stock Exchange settlement, and
with the Australian bills which are now arriving at
maturity. The rate for choice paper is 21 to 21
per cent., and for short loans on government secu-
rities 2.

Consols are now quoted 91 to It for money,
and 91A to } for the 10th of April.
The government broker has bought to-day
34,0001. New Three per Cents. for the Sinking
Fund.

Foreign stocks show flatness. Spanish Passive,
the Committee's Certificates, Italian of 1861,
Chili= scrip, and Mexican have declined 4 to 1 per
cent. Turkish of 1865 are quoted 291 to 30 ; Greek,
154 to / ; Spanish Passive, 211 to 22 ; ditto Cer-
tificates, 141 to ; Italian of 1861, 534 to 1 ; Mexi-
can, 174 to / ; Russian Scrip, 211 to 3 prem.; Chili=
Scrip, 21 to 11 dia. ; and Danubian Scrip, 14 to 1
American securities and Atlantic Cable shares
show no variation of importance. The 5-20 Bonds
are quoted 74/ to ; Erie Railway shares, 301 to 4 ;
Illinois Central, 77/ to 78 ; Anglo-American, 14
to ; and Atlantic Telegraph Eight per Cent. Pre-
ference, 21 to 1.
International Financial shares are quoted
24 to it dia. ; London Financial, 18/ to 17/ dis. ;
General Credit, 3 to 21 dis. ; Credit Fonder,
6 7-16 to 5-16 dis. ; National Discount, 71 to 84
prem., ex div.; and Hudson's Bay, 151 to 16.
Numerous Australian bills fall due to-day and
on Monday, and a considerable amount of Indian
paper on the latter day. The Bank return, given
below, shows an accelerated flow of government
money to the Bank, as usual towards the close of
each quarter, with the natural accompaniment of a
reduction in the amount of the outstanding note
circulation.

Mists. Baring Brothers and Co. have received
a notification from the Mexican Financial Commis-
sion in Paris that • sum of 11,639/. has been re-
mitted from Mexico, which they suppose to be on
account of Mexican dividends in London, and the
amount has been placed in the Caine des DepOs et
Consignations. Instructions have been requested
by the commission. - . .

4The arrangements are notifiedby the London and
County Bank in connexion with the payment of
the coupons due the Ist prox. on the Colombian
government 6 per cent. loan of 1863.
At a meeting on Wednesday of the creditors of
Messrs. Porten' and Paul, manufacturers and
merchants, of Manchester, who recently stopped
payment, with liabilities amounting to 105,8501.,
it was resolved to accept a composition of 7s. in the
pound, payable in instalments extending over
twelve months.

Now that the Limited Liability Acta are to come
under the consideration of a committee of the
House of Commons, the question of shares "to
bearer" invites discussion. Abroad, sham to
bearer are issued in exchange for " nominative"
shares, when a sufficient portion of a company's
capital has been paid. Shares to bearer offer the
advantage of a security available at any moment,
without risk to those who may make advances
thereon,and would, if adopted in this country, allow
of the utilisation of values that now lie dormant on
account of the difficulty attendant on the transfer
of shares by a written instrument, involving regis-
tration.

The subjoined analysis of the receipts of the
Atlantic Telegraph, from the opening of the line to
the end of last month, shows an improving state of
things, and will be regarded with interest by the
shareholders:

From opening of line, July 28, to October 31, 96 days,
at 201. rate, 76,3791. 19s. ; average per day, 718 W. From
November 1 to February 28, 120 days, at 10/. rate,
98,748 L lls. ; average per day, 8231. From opening of
line to February 28, whole period, 216 days, 175,128/.10..
average per day, 811/. For the month of February, 25,2.3.74.;
Os. 6d. ; average per day, 901/. Average per day to Octo-
ber 31, 1866, 7981. ; ditto for the month of February, 901/.
Increase per day, 1051.

The Great Western Railway traffic return shows
this weeks decrease of 1131., compared with the
corresponding period of 1866 ; the North Eastern
an increase of 3,7241. ; the Great Northern an
increase of 5161. ; the Great Eastern an increase of
1,5531. ; the Lancashire and Yorkshire an increase
of 2,3701.; the London and South Western a
decrease of 6571. ; the North British an increase of
8691. ; the London, Chatham, and Dover, including
the Metropolitan Extension and branches, an in-
crease of 1891. ; and the Metropolitan Extension
a decrease of 791.

The Great Western of Canada Railway traffic re-
turn for the week ending Feb. 23, shows an in-
crease of 384 over last year.
At the adjourned meeting of the London District
Telegraph Company, held yesterday, it was resolved
to increase the capital by the issue of 800 new
ordinary shares, with 51. fully paid up, to be
allotted pro rata at 4/. discount, or 1/. per share to
the present shareholders.
The meeting of the Van Diemen's Land Com-
pany took place yesterday. The amount of cash in
London somewhat exceeds 2,9601., out of which it
was resolved to divide 2,7001., or 6s. per share.
The meeting of the New Brunswick and Nova
Scotia Land Company was held yesterday, when a
dividend of 10s. per cent., clear of income tax,
was declared upon the nominal capital. The pro-
gress of the undertaking during the year 1886 was
described as steady.
The fifth ordinary meeting of the Surrey Com-
mercial Dock Company was held yesterday. The
chairman congratulated the shareholders on the
improvement which has taken place in every branch
of the company's revenue, and said that whilst
there had been this increase, it was satisfactory to
know that there had been in the aggregate a de-
crease in the percentage of working expenses. I
There had been an increase in 1866 of 526 ships
and 74,530 tons received into the docks, and va-
rious improvements had been carried out, which
had much facilitated the business. The report of
the directors was adopted, and a dividend of 31.
per cent. for the half-year ending December last
was declared on the Ordinary and A Preference
Stocks.
. _ . .

A general meeting of the Universal Private Tele-
graph Company is called for the 28th inst.
Notice has been given by the Imperial Land
Company of Marseilles that the interest on the
fully paid-up shares, and the shares paid by instal-
ments, will be discharged after the due examination
of the warrants. The interest warrants falling due
on the debentures will also be paid in the regular
COLON. _ .

Subjoined is Messrs. Culversen, Brooks, and
Co's. report of yesterday's hide sales :
At the fifth series of hide sales for the year, there wee
•fair attendance of buyers and former prices were in most
instances obtained. East India.-0: and Cow.—Calcutta:
A good proportion of the quantity brought forward found
buyers at steady prices.—lisdna, &a, brought late rates.
Gopaulpore sold at late rates to • alight advance. Of
163,409 hides offered, 145,000 were sold.—East India :
Buffalo were meetly bought in. Leather : East Indian
sold at full prices. Australian : For the portion sold,
about late rates were obtained. Salted Hides: Australian
were mostly bought in. Cape sold welL Bark : Mimosa
was in good demand, without alteration in price.