The Express.
London, England, 1866-05-14 00:00:00

THE EXPRESS, MONDAY EVENING, MAY 14, 1866;

COMMERCIAL AND MARKETS.

MARK-LANE.—(IIIIB DAY.)
The supply of English wheat here to-day was only
moderate, but in fair average condition. Factors de-
manded an advance on last Monday's quotations of from
ls. to 2s. per quarter. The demand, however, was far
from active, at late rates.
Foreign wheat, the show of which was by no means ex-
tensive, was held at Is. to 2s. per quarter advance.
The supply of English and foreign barley was moderate.
On the whole, the barley trade was steady at full prices.
Malt was quite as dear as last week, with a fair demand.
The show of samples was seseonably good.
The supply of foreign cote was vary large ; yet a good
business was transacted in most kinds at last week's cur-
rency.
Tho few beans on offer were disposed of at the late ad-
' vanes in the quotations.
We have no change to notice in the value of peas. The
inquiry was wholly in retail.
Both English and foreign flour was steady in price, with
• fair demand. _ .

The arrivals of grain and seed-laden vessels off meet
were on a fair average some. Arrived cargoes of wheat
were in fair request at 1.. to 2s. per qr. more money.
For grain, for forward shipment, the demand
ruled active, and the prices realised showed an
advance of from la. to 2s. per qr. upon
late rates. Banat, 425. 3d. to 43a. 6d. ; Theodosia, 455. 6d.;
Ohirka, 455. 6d. to 46a. per 4921 be. ; &hales, 415.; Polish,
425. 6d. per 4801 be. Ghirka, on passage, 44a. • ditto, April
or May shipment, 435, to 435. 6d. per 4921 bi. Smouska,
to be shipped in August or September, 455. 6d. per
4961b5. The demand for maize improved ; and in the
value of fine cargoes a rise of 6d ray. took place.
Odessa, arrived, 31s. per 4921 be. ; , 301. 46d. to
30s. 6d. • Wallachian, 213 e. • Enos, 27.. •• mixed Ame-
rican, 294. 6d. • new Bulgarian, 29.. 6d. ; 275. to
Eis. 9d. ; shipping, 25e. 6d. per 480Ibs. Barley
changed hands to a fair extent, and, in some instances,
6d. per qr. more money was obtained. Nioolaieff arrived,
26a. 9d.; Kamm", 255. 9d. to 275.; Danubian, 265. • Ibrail,
265. • Kustendje, 265. to 26a. 6d. per 400165. No i:Meese
we reported in rye. Danubian, 295. to 29a. 6d. per 4801bs.
Oats ruled steady. Banat, arrived, 21s. 3d. per 3041 be.
Archangel, to be shipped at the •ng of navigation, 20s.
per qr. For beans the trade was dull. Barbary,
41a. per 480 lbs. In Milletseed the transactions were on a
very moderate scale. Thrall, arrived, 225. 100. per 480
lbs. The trade for linseed was very quiet and
prices were is. lower than last week. Bombay, in
warehouse, 705.; Calcutta, 685.; Ferozepore and Patna, 695.;
BlackSesor Azoff,66s. ; St. Petersburg, Moorshauk,643. to
655. per qr. The inquiry for linseed cakes fell off and a
decline of 55. par ton took place in the currencies.
London made, 111. 5.. to 111. 10s. ; New York, in barrels,
111. to W. sa. ; ditto in bags, 101. 105. to 111. ;
Western, 101. 5.. to 101. 10s. ; Marseilles, 91. per
ton. Cottonseed cakes, sold at M. 10s. per ton.
Rapeseed met a fair sale, on former terms. East Indian,
March to June shipment, 50s. 9d. ditto May to June,
50.. 9d. per 5 maunds. Ouzerat, in warehouse, 675.
to 68s. • Ferozepore, 595. ; Calcutta, 56a. to 575. ; Wild
Black gest and Azoff, 28s. to 30e. per qr. The inquiry for
cottonseed ruled heavy, at late quotations. Egyptian,
arrived, 71. 10s. per ton.
ARRIVAL or BEEDR. - English-Linseed, 97 ; rapeseed,
122 ; and sundry, 360 qrs. Foreign-Linseed, 2,287 ;
rapeseed, 51,121 ; maize, 14,058 ; and sundry, 1,701
quarters.
Ezroare.-Oats, 324 ; oil seed, 3,816 ; and dour, 58
owls.

WIIKA7.

OATS.

TALLOW MARKET.—(THIS DAY.)
The market is flat. Town tallow is quoted 445. M.
Petersburg Y.C., on the spot, 465. ; .June, 455. 6cl.
October to December, 475. Gd.

PARTICULARS OF TALLOW.

186&

Stock on hand this day. • @asks' N,1,41.
Delivery last week
Ditto tr,,ni lstJune 77,230

Arrival Wt week

Ditto from Ist June

PriceY. C. on spot this day.
Ditto Town last Friday

78,i'i.

i. -a. a

43 3
44 3

1866.

49,534
1,134
72,692

84,399
s. d.
40 3
41 5

115
79,510
I. d. d.
40 6
41 6

338
9,609
6. d. d.
45 6 9
47 3

Arrival for the week ending Mind Way last year casks. and
deliver. 1,418 casks. The arrival last week comprised 326 casks
Australia.

METROPOLITAN CATTLE MARKET.
(THIS DAY.)

We have not quite so many beasts on offer as on Monday
last. Trade is active for them and in the average prices
are better. The supply of sheep is also shorter,
but it is quite equal to the demand. Prices
are about the same as last week, but there is
a difficulty in obtaining a clearance. Trade is dull for
lambs, at lower rates. Calves are still scarce and dear.
From France and other countries there are 1,350 beasts,
6,540 sheep, 44 calves, and 145 pigs ; Scotland, 260 beasts ;
Norfolk and Suffolk, 1,260 ; and 550 from the Northern
and Midland counties. . _ .

Per stone of sibs. 4. d. s. d. I Per stone of Slits. s. d. wd.
Best Scots, Ilerefds. 6 0 6 2 I Best Dne&Hf-hd4Sh 5 6 5 1
Best Short-hunts 4 10 5 0 I Best Lug-w 0015.... 0 0 0
Second qual. beasts 3 4 4 2 Do. do. Shorn.... 5 0 5
Calves
Pigs
Best Dns& Htf.breds 0 0 0 0 Limbs

Beads at market, 3,620: sheep and lambs, 23,770 calves, 56
oilo‘ 380. . .

BOROUGH HOP MARKET.—{THIS DAY.)
Mears. Pattenden and Smith report a quiet trade,
with but few hope on offer. Prices remain the same as
last week.

When the Bank Act was suspended in 1847-48
the government letter was issued on the 25th of October
1847. In 1857-58 the letter was issued on the 12th of
November, 1857. On tLe first octagon, although the
power was granted, the Bank directors did not find it ne-
cessary to avail themselves of it. On the second occasion
an issue to the extent of 2,000,0001. beyond the legal limit
was made to the banking department.

The weather continues inclement in Ireland,
heavy showers of sleet and allow falling along the east
coast and in the mountain districts yesterday.

--
The Sunday Gazette understands that a new liberal
club 6i about to be formed, under the auspices of the most
prominent and influential members of the ministerial
paA unaions INMAN. OF NATURE.--Mr. Rayner, a
gentleman who lives at Woodlands, sear the Lyndhurst.
road station on the Dorchester Railway, had a brood of six
chickens hatched last week on his farm, two of which were
hatched with feet, but no legs; they lived for two days.
The feet were perfect, and were quite close to the body.
They were carefully examined after they were dead, and
Ahem was not • vestige of leg to be found.

SHARE LIST-(THIS DAY.)

Ofrfi o'CLooz.
The railway market to-day is in a disorganised
and unsettled state, pending the settlement, she
progress of which is watched anxiously, towing to a
fear that some of the members of the Stock
Exchange will be unable to meet their en-
gagements, in consequence of the recent heavy
fluctuations in prices. Nevertheless, though the
transactions have been very few, the tendency of
prices in most canes has been decidedly upwards.
Metropolitan andCaledonian stocks haverisen about
2 per cent. ; London and North Western, Midland,
and Lancashire and Yorkshire about 14 ; Great
Western and South Eastern, ; and Great Northern
Ordinary stock about 3 per cent. The latter com-
pany's A stock, however, is quoted rather lower
than on Saturday, and Great Eastern is dull. The
quotations are wide, and in many cases the dealers
refuse to make prices at present.
London and North-Western stock may be quoted
119 to 120 ; Metropolitan, 125 to 127 ; Great West-
em, 53 to 65 ; Midland, 121 to 123 ; Lancashire
and Yorkshire, 120 to 122 ; Caledonian, 124 to
126 ; South-Eastern 714 to 724 ; Great Northern,
120 to 122 ; ditto, A, 131 to 133 ; and Great
Eastern, 374 to 38.
ORDINARY SHARDS AND STOCKS.
ea I pd. I RAThwAri I C10:1:res I Wee today

1100 Bristol and Eaeter
100 'Caledonian
100 Cambrian
all Cork and Bandon
all 'Cornwall
100 Dublin and BelfaatJunc
100 Dundee, Perth, & Abd n
all East London Scrip Cert.
100 . Do
100 Glasgow and 8. Western
100 ,Great Eastern Ord. fit.
100 ' Do. E. Ang. Stk., No 11
100 Great North of Scotland
100 Great Northern
100 Do.A j A rec. no div. on-
-100 Do. B P.llO p. c. is paldß
100 Do. Now is. 26 pm.
80 Do. Ord. DeL Div. Stock
100 Gt. South & Weak (Ire )
100 'Great Western
100 Do.BtourVaLGus.Stk
100 Do. South Wales
100 I Do. W. Mid.--Orford
100 I Do. Do. N
100 Lancuhire Yo=
100 Lon.,Brtn, S.Coast
100 ,Locrion.ChathamotDow
100 1 Do. Met Eaten. ABp. c.
100 London & North Vieatn.
100 ILondon&SouthWestern
100 Man. Bhef dcLincolush
100 Metropolitan
7 Do. New
8 Do. Extension
all Metropolitan District
10 1 Do. do. do. _
8 1 Do. kg& John's-wood
100 Midland
, 6 j Do. E 9 Shares

ai. lioo

st. .100
st. los

Do. Birm. & Derby
,Mid Kent
North British
I_Do. Hain ,Perth,Dund

N. ZaMein-Berwick
Do. G. N. K Purc.
Do. LoaDi

81. 100

York

Carlisle
Stock. &Darting
do., 1860411

Furth London
Do. do., 1861
Do. do 1865

St. 100
St. 100
St. 100
St. .100
St. 100
St. 100
St. 100

58 00
124 196
65 65
12 15
S 5
67 70
70 72

*3 13
111 113
37 38
6 7

81. 100

Nf7rilt
N. rt S. Western June
Scottish Central
Scottish N. K Aber. Stk
'Scottish Midland
Shropshire Union
South Devon

South Eastern

all Staines,Wokingliam,&c
100 Taff Vale
, Do. C
100 Vale of Meath
100 Waterford & Kilkenny
6 Waterloo & VI httehall
.100 , West Cornwall

63 64

67 E
38 40
sa 88
118 113
110 Pi
23 IS

117 118
91} 92}
60 81
184 128
1} 2 prn
Dar i prom
88 90

120 121
1i 11 pm
90 92

52 64
25 87
105 108

119
914 90

118 19
P 2

54 66 I
90 101
4 Ws

104
1
1
It
99
fel

cs s
00
67 xc

Tin'

28 :in

-
lipm
1 pm
1 pm
101 ,

121 2

loci Ti

100 4

100
lon} 2
10i

105; Oft

A 6,00001
100,0001

2,685 815,201
,800
200,000

XOOOOOO
100,000'
260,000
1,000,000
200,000
200.000
200,000
300,000
166,600
166.0001

lao/000
1,000,000
250,000
760,000

-r3alc*.

dls parl
7 5 &a,
2f 'ldle,
10 7 dil
0 7 dis
4 7

65 63

ii is .11

27 29 1
17 22
4 2 (Hsi
16 13 disi

3 8)1m11
20 10 dis

7i -i
dill'
41 gicliaxdl
4? 49 I

11 19 id!
33 55 I
15 20
45 47

-
66

xd

-14 18 n [lB}

_dim

zd

19

17 19*

24 39 pml
30 32

1 dla,

31

1441-iii
2 dis
11 8 41111
19 20

10 8 the
11 9 di.
8 10
• 10
8 10
5 7 rui
1 ,11a par.
• 1
24 28

26-
181 } 10.1

1 du
1 Oldie xd
83 84

7 5 dls:
10 6dl 1!

6 Bpm
2ipm
214 24
68 72

xd

4i 44

14 16

15

-5
die'
5 5 di.
88 82 !,

18 21

6 4

12 2 die:
9 7 cite
2 die.
13 24pm,
par 8 pm'

73 75 I
43 46
t 3
idia Pari
pn
40 45 :di

4A

5 4il-41
84 86
.. I

66x1
14 11 (118
8 6Ms
49 61
6 5 dim
47 60

411

OOLOMAL

ab Colin. Op. ct.,1111
Do.

Cut. G 04.6 p. e.. 187744.
Do. Sperct,lreb.kAng.
Do. Sperct.Mar. .
Do. 6perct Jan.&J
Do. 6 wet. Ins.
Capeof G Borg per. 1873
Do. do.lBoo-1903
Do. do. 181343
Do._ do. 1890-91
_

92 96
so as
90 94
77 79
76 79
102 104
102 104
lid 106
102 104
116 90
102 104
107 109

150:6p.e.4.4:0CT.1904./
C Nov.lBBB,Bp.ct
sr°'
. 1878, d 0...
I _Do. 1874 d 0...

IN

- -
llawitlas I per et.. 1878
Do. 1878
Do. 1882
Do. 1866
Natal. Oov. 6 per sent..
New Brana.Gov.6prect.
New South Wales Goy_
6 p. eent.,lB7l to 1876
Do. 6 p. elan to 18112
New Zealand 6 per cent
Do. sper cent
Nova Scotia 6 p. c.,1676
Qneenaland Gov. 6 p. et.
&Aust Gov. 6 p. et ,1868
Jo. 1878 and upwda.
Vlc.Gov.ep. c. Jan. July
Do. ap. ca .42.1110 c.
FOREIGN

102 104
103 106
104 106
104 100
00 101
90 96

92 96
95 88
91 96
72 75
95 97
99 100

104 106

100 101

104 104

No. 18h. I MMES. I Pt I CL prices. I Pelee.
35, 1 1•15milloe Limited) . 2 Oils Par!
10(000 1 lAnglo-Brat.Gold(Lim..) 84. }din peel
20, 90 . Australian
10, 6 ,Braxil•L&M•Co.(Lim ) all 11 S
15,000 10 Cape Copper (Limited) 7 le 2
25,000 2 ICapulaSllvert (Limited) 11 1 0
30, 6 ICtontalesG.&S.Min.,L 1; 1 1 pin
It. 40 ICobre Copper
10,000 20 ICopiapo (Limited)
100,000 1 ,Don Pedro. N. Del Rey 144.1 —W6
25.000 3 'East Del ReLimited)
at 2irdre,
25,000 2 Fortuna (Limited) .. • ,
50,0001 2 iFrontino&BolidaEeld lel e cid!
90.000 i 20 General
san ell,loo, it K
Linares aPluids('LiTintedte)d.) -
10,009 6 Ludtanian (Limited) 2 1 dia,
103,815 1 Madonna all
50,000 4 Panulcillo Copper (L ; 3 I lepm
10,000 20 PontglbaudSliverlmd all , 6 8 1 —•
100,000. 6 Port Phillip
I 1 ta Barb. Gold M.(L ) 1! Idle
120,000 1 Scottish AustraL Lhil.) all 1 I —
11,000 20 St. John del Rey )Lim., 15 47 60
43,174 30 United Mexican ;Lim) 28 li 34
30,000 2 Val Antigorle Gold . . e dis par
50,000 1 VallanxascaGoldllim.) par Ipm
10,000 10 Vancouver Coal (lam.) 6 I 3 1 die
6,0001, 10 Val Sassam (Limited) 6 ;
10,000 i 6 Waahoe Gold (Limited) all 1 le
80,000, 1 Worthing (Limited)
75.000, I Yorke Penimaila ;Lim ) 1 idle
45,000. 5 Yudanamutana ;Lim ) all 1
DEBENTURE STOCK&
No. I Sh. ) 87006.9. IPd (CL prices. I Balm
112,01 Bt. Gt.Fetn 4 p.c. Mar..Wtep.lloo 77 ill
4068316 St. G.Ntha.4 p.c. Jan.&Julyo, 96 96
610,000 51 St. G.Watn.—W. .-04.,4e
p. ct., Jan. & July ....
,100 95 100
518,000 St. ILanc.&Yk.4p.c.Jan.&Jlyloo 92 96
680,000, St. , Lon.Brigh.4p.c.Jan.&JlTloo 90 96
1028228; 84. LAN. W.4p.c.Jan•& July 100 I id 26
312,839 84. I Do. 3ep.c. Jan.& July.loo I
259,730' St. I. &S. W op. c. Jan.& July 100 ! 94 96
.... I St. Midland,4p.c.J ao.&July 100 ! 93 95
.... I St. .N. British. E. P. & D.8.,' I
5 p. ct., Feb. & Aug... 100 ' 105 107
82,4:1 Ed. N.Estrn..4p.c.Jan.&July 100. 94 96
.... I St. Scot.N.E.,4 p.c.Ap.dtOct. 100 !

MONEY MARKET.-(THIS DAY.)

Owz o'CnooL.

The stock markets are still in a very unsettled
and exceptional state. The English funds have
been in demand to-day, and at one time showed a
fresh rise of per cent., but have since returned to
Saturday's quotations. Other securities have been
dealt in to only a very limited extent, attention
being almost entirely directed to the settle-
ment, which will be concluded to-morrow. This
settlement is watched with considerable anxiety,
the " account" being a very large one, and
it being feared that some important failures
will be announced to-morrow in the Stock
Exchange. Meanwhile, owing to the appre-
hension thus kept alive in that establishment,
and to the hesitation of bankers to lend
money upon public securities, transactions in 'all
stocks, except Consols, are greatly interfered with.
Nevertheless, owing to a demand for investment, a
decided improvement, amounting in some cases to
1 to 2 per cent. is observable in home railway
stocks. As regards foreign bonds and other securi-
ties, great caution continues to be shown by the
speculators.
The City to-day presents a quiet appearance,
and the feeling of panic has entirely disappeared.
Nevertheless there is an impression that further
mercantile suspensions will be announced within
the next few days in consequence of the stoppage
of Overend, Gurney, and Co. (Limited). The demand
for money at the Bank of England to-day is very
strong, the other banks and discount houses not
being anxious to do fresh business. The lcittiF,
however, are taking the best short-dated bills
from their regular customers at 10 per cent.
Consols, after improving to f per cent., are now
quoted the same as on Saturday afternoon, viz., 86}
to with dividend, for money, and 855 to /, ex
div., for the 6th of June.
Foreign stocks present no movement of import_
anoe, pending the settlement, and scarcely any busi-
- fleas has occurred. Some of the present quotations
• are subjoined :—Turkish, Bonds of 1865, 30 to ;
Spanish Passive, 2171 to 2271 ; the Certificates, 15
to ; Italian of 1861, 39} to 407 r ; Mexican, to
16 ; and Brazilian scrip, 811 to 7} dis., showing an
improvement of it per cent.

American securities remain dull. Erie and
Illinois Central Railway shares exhibit a fresh
decline of 1 per cent., being now quoted respec-
tively, 41 to 43 and 74 to 76. 5-20 Bonds are
dull, at Saturday's reduced quotations of 641 to f.
As regards the shares of the financial companies,
the variations consist of a sudden fall of about
D. ss. in General Credit, and a recovery of It.
lin Imperial Mercantile. International Financial
shares are quoted 1 to 11 dis. ; London Financial,
13 to 11 die. ; General Credit, 3! to 3i die. ; Im-
perial Mercantile, 11 to 9 dis. ; and Credit Foncier
and Mobilier, 3to dig.
The shares of Overend, Gurney, and Co. remain
heavy, and are quoted 17 to 14 die. National Dis-
count are steady, at 6 to 8 prem.

Two o'CLocK,

The difficulties of the settlement of the account
in the Stock Exchange have increased, espe-
cially in that of foreign securities. The
Bank directors, it is affirmed, have refused
to lend money on Consols to the dealers on
the plea that such securities can now be converted
into money. Surely this is not carrying out the
object of the suspension of the act, but adding a
fresh difficulty to the already seriously complicated
situation. _ . .

The raising by the Bank of the minimtun rate
'of discount to the uniform charge of 10 per
cent., is, we think, to be regretted, both as
being unnecessary and impolitic. It is unneces-
sary, because the exchanges are already moving in
favour of this country, foreigm outgoings are
stopped, and gold is flowing daily into the Bank
of England from abroad. In a word, there is no
foreign drain that would justify this fresh advance
in the rate. The only drain—the only disturbance
—that still exists is purely internal, and results
chiefly from the endeavours of provincial bankers
to fortify themselves against the effects of a possible
continuance of the recent reign of terror. To assuage
this terror, and to refrain carefully from setting up
fresh inducements to it, should now be the aim
alike of the government and the Bank, and the
imposition of a 10 per cent. rate of discount points,
as far as it goes, in an opposite direction. Never-
theless, we fully believe that the remedial influ-
ences now at work will prove far more powerful.
Of the sum of nearly six millions which formed the
Bank's reserve on Wednesday evening last, about
3,000,0001., or one-half, was drawn out of the Dank
on Friday alone, and it is almost susceptible
of arithmetical proof that, had not the act been
suspended, the entire balance would have
been drawn out on Saturday, thus entailing,
with a virtual stoppage of payment by
the Bank of England, the keeper of their
balances, a similar necessity on the part of all the
other London banks. It is an eventuality which
government might well • shrink from facing when
they found it at the very door. But now, this
mischievous law being once more abrogated, the
three millions of notes which the affrighted public
withdrew absolutely with the determination to hold
them till the crisis had passed, will flow back swiftly
to the Bank of England ; and there can be little
doubt that, directly the country bankers satisfy
themselves that there is no longer any need of pro-
viding against a past danger, the resources of that
establishment will increase with marvellous rapi-
dity, as in 1847 and 1857.
About 53,0001. in gold was bought by the Bank
on Saturday. It is understood that, owing to the
panic which has lately prevailed, a large amount of
sove- reigns has been taken from the Bank of
England for the provinces, but they will probably I
flow back in a few days.
The Persia, from New York, has brought 42,0001.
in specie.
The difficulties of the Imperial Mercantile Credit
Association (Limited), have been currently re-
ferred to for some time past, but it was
hoped that assistance would be obtaimed to carry
on the business. The efforts towards this object
would, it is stated, have resulted in success, but for
the sudden failure of Overend, Gurney, and Co.
(Limited), followed so quickly by that of Messrs.
Peto and Betts. The total liabilities and engage-
ments of the company, including those to depositors,
are expected to range from 4,000,0001. to 5,000,0001.
It will be recollected that Messrs. Coleman and Co.
and Quilter, Ball, and Co., the accountants, in a
report dated the sth inst., estimated the securities
and the amount of profits in reserve and undivided
as sufficient to cover within about 100,0001. the
full amount of the several advances against which I
thex were respectively held, as well as to provide for'
the depreciated value of other investments. The
collapse which has since taken place in all classes
of securities must have tended to diminish the
value of the company's assets. Nevertheless, there
is a disposition to hope that, with forbearance on
the part of the principal creditors, the liquidation
may be carried through without any further heavy
tall being made upon the shareholders. The Mer-
cantile Credit Association was started in Oct., 1863,
and transacted business for a period of about 12
months, when it amalgamated with the Imperial
Financial Company, an undertaking introduced in
February, 1864, and the shares of which at once

3

rose to 7 premium, chiefly on an impression that
an amalgamation with the London Financial Asso-
ciation would be effected. The amalgamated con-
cern, under its present title, has since occupied a
very good position, and has been largely entrusted
with the funds of bankers and others. Its posi-
tion has of late been greatly weakened by constant
withdrawals of deposits, and thus a stoppage at
last became inevitable. The following is a hat of
the directors :—Messrs. John Chapman, E. J. Cole-
man, Alderman Dakin, James Dickson, P. D.
Hadow, J. O. Hanson, G. F. Holroyd, Captain J.
Gilbert Johnston, G. G. Macpherson, W. Scholefield,
M.P., Sir S. D. Scott, Bart.,filesars. H. Denby Sey-
mour, M.P., Joseph Thornton and Alfred Wilson.
Messrs. Xenophon Balli, J. E. Hombre, and M.
Zarifi, three Greek directors, are understood to
have resigned some weeks ago. At the meeting
held on the 23rd of January last the net profits
for the half-year were stated at 91,860/., and a divi-
dend was declared at the rate of 20 per cent. pet
annum. The balance-sheet then published, show-
ing the position of the company up to the 31st of
December, 1865, is reproduced below :

CAPITAL and d LLABILITIEB.

To capitali-100,000 shares of £6O sick, CS per
share paid up .
To liabilities:—Cash held upon
deposit £6,110,001 3 9
Sundry balances to accounts
current

15,928 17 8
, 2 125 990 1

£OBB,BlB 8 0
686,000 0 0

Bab payable
Bankers' credits
Endorsement& and guaran-
tees
'Sundry charges and °mints-
stone due
2,681,666 7 9
To rebate on bille and loans not due 28,368 17
To profit and loss :—Balance, being net profit,
carried down

F 4,302,041 19 1

CR. ASSETS. . .
By cash at hunkers', iu hand, and at can 8206,066 1 11
By bilh receivable
By loam, securities. and current accounts 2,664,986 15 9
By investments and interest accrued thereon
By olSce furniture and fittings

F. 3,302,041 19 I
PROFIT and LOAi ACCOUNT from July 1 to Dec. SI, UM.

DR. .
To dividend of los. per share on 100,000 shares 460,000 0 II
To Income tax on shove 1336 6 6 _

To amount transferred to • • Rest" account .. 75,000 0 0
To balance carried to profit and loss new account 19,100 5 U

0146,002 12 T

By Wince brought forward from June 30 g33,141 16 •
By net profit fur the half )ear ending Dec. 31

£145002 12 T
The liabilities on the deposits of the Consoli-
dated Discount Company do not exceed about
350,0001. The precise amount of the engage-
ments on bills is not stated. This undertaking
was established in January, 1864, to take over
the discount business of Messrs. Sandeman
and Co., and its operations have been chiefly
confined to discounting the bills of tradesmen.
The number of shares is 20,000, upon which
121. 10s. per share has been paid. It is proposed
to call a meeting of the shareholders for Monday
fortnight, to determine the future course to be
adopted. A hope is entertained that the business
may be resumed.
The meetings of shareholders of the Bank of
Turkey (Limited), convened for the 16th instant
(" Derby Day"), are to be held merely pro forma,
and adjourned to the following day.
The receipts of the Grand Trunk Railway of
Canada for the week ending the 21st April were
25,7521. sterling, being 2291. more than in the
corresponding week of last year.
The reeeipc.i of the Great Western Railway of
Canada for the week ending the 28th April, were
14,7361., being 9901. more than last year.
The Australian Joint Stock Bank will open their
offices at No. 18, King William-street, City, OR
or about the Ist of June next, for the issue of
letters of cr,hlit, and transacting the usual agency
business, in c,unL•ction with the colonies.

SATURDAY EVINDIO.

Consols, which closed yesterday at 84 to g ex.
div. for the pith of June, opened this morning at
8.5;l, to and closed at 8.5 i to For money the
last prix WAS 80 to with div., yesterday's anal
quotation having been only 864 to The official
business report is as follows :—Three per Cent.
Consols, for money, 864, 4, 61, 61, ; ditto, for
account, SO, 4, I, g ; Three per Cents. Reduced,,
; New Three per Cents., 84, : Bank S,
240 ; India Five per Cent. Stock, 1044, ; ditto
Four vcr Cent. Debentures, 100, 1 ; ditto Four
per Cent. Bonds, Bs. prem.

The India Five per Cent. stock closed steadily.
The March Exchequer Bills remain dull, at 158. to
ha. dis., but the June were rather firmer at 10s. to
3s. die.

The transactions in foreign stocks were not very
numerous, but the tone was sensibly firmer.
Turkish 11: aids of 1858 and 1862 improved 1 per
cent. ; Spanish Certificates, ; and Mexican and
Turkish of 1865. On the other hand, Italian of
1861 decliti.4l I}, Moorish 1, and Mexican of 1864
and Spanish Passive