The Express.
London, England, 1866-07-25 00:00:00

NOM MARKET.-(THI8 DAY.)

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N 101
100 104
IN 104
101, NI
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101 IN
144 IN

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D Speed. liar.
Do. tpiret.Jea&l
Do. Swot. lam.
CaotarGNope6Per.ls73
Do. do.lfidt
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Da 1576, la ..
Do. DM d 0...
Ilaarldea pa et.,
Do.
Do.
Do.
NstaL Gar S per odd..
New Sraaa.Gov.6peret.
New South Wales Gov..
p.e5at.,1671 to 117 ••
Do. 5 p. e. 1688 to
New Dolead Spec oast.
Do. spar mat
Nova Scotia 6 p. a.. 167
Queenalead Owy. 6 p.
&Aust. Oov. 6 p.et..11066
Do. 1875 sad ttpwds.
IrlaGov.Sp. e. Jut. J
Do. p. Apra& Oa'

Oes &Cues.
The funds to-day show increased heaviness,
owing to the number of realisations, pertly specu-
lative and partly bond fide, which have fol-
lowed the late rise. There is little disposition
to operate, in the present uncertain condition
of foreign politics, and with the holidays
approaching. Consols have declined to I per
cent. Home railways, though dull, are compara-
tively steady, but the speculative foreign stocks
have given way, especially Italian and Turkish.
The downward movement has extended to the
chief American wearies, and to Lombardo-Venetian
Railway shares. Grand Trunk of Canada Railway
stock and Atlantic Telegraph securities are excep-
tionally in request. Irmancialshares are unaltered.
The discount market is quiet, but 9 to per
cent. continues to be asked for good bills.
Consols are now quoted 88 to 1 for money,
end 881, or 88 3-16 to 5-16 for the account
(August 9).
Foreign stocks are heavy, and prices generally
are lower. There is a fall of 1 per cent. in Italian
Bonds of 1861 and Turkish of 1862 ; in Turkish
of 1866 and Spanish Passive ; and in Mexican.
Spanish Certificates, however are steady. Turkish
Bonds of 1862 are now quoted 51 to 52, ex div. ;
ditto of 1865, 271 to 281 ; Greek, 114 to 124 ; Spanish
Passive, 20 to 4; ditto Certificates, 161 to 1 ;
Italian, 1861, 534 to 54, ex div. ; Brazilian scrip,
3to 24 dia. ; and Mexican, 174 to 1.
American securities are heavy. The 5-20 Bonds
are 1 lower, at 70 to 7 ; Erie Railway shares
lower, at 44 to 45 ; and Illinois Central, 1 lower,
at 78 to 79.
International Financial shares are now quoted
11 to 14 dia. ; London Financial, 114 to 10} die. ;
General Credit, 11 to 14 dis. ; Credit Fonder,
34 to 3} die., ex div. (8/. paid); and National Dis-
count, Bto prem.
There is again some speculation in Atlantic
Telegraph 8 per cent. preference shares, which are
firm at 31 to 4 per 51.
The prospects of the money market seem to be
improving in several respects. The increased firm-
nese of the exchanges has already given a check to
the demand for gold for exportation. This is
natural, seeing that, owing to the complete absence
of demand for India and Chins, nearly the whole
of the silver imported is now sent to the Continent,
while, at the same time—what is of still more im-
portance—the continued fall in the corn market
here of course checks imports of foreign grain. To
these considerations must be added the desire on the
part of foreign capitalists to invest the money
which is thrown out of employment by the war in
mercantile channels in this country—a desire which
will increase in proportion as the value of money
falls abroad, and as distrust of our mercantile posi-
tion dies away. With the commencement of an
unusually early harvest, money will necessarily be
absorbed to some extent in the provinces, and
country bankers will, perhaps, find in this de
mend some justification for the hoarding which
they have practised ; but the effect of this in
checking the inevitable fall in the value of money
can be only temporary.
An instalment of 10 per cent. fell due yesterday
on the last Brazilian loan.
About 9,0001. in gold was sent into the Bank yes-
terday, and 25,000 sovereigns were withdrawn for
Belgium. Owing to the improvement in the
• foreign exchanges the demand for gold for expor-
tation has sensibly diminished.
Bar silver was quoted yesterday 4s. 11d. per
ounce, and Mexican dollars Se. Ofd., showing a fresh
decline of id. in each case.
The foreign exchanges were generally better yes-
' terday, owing to an increased feeling of confidence
abroad, and the downward tendency there of the
rates of discount. The recent large exports of gold
from this aide have also operated in the same di-
rection. Subjoined is the usual list :
Amsterdam, 3 months, 12.0 to 12.2 ; ditto, abort,
11.16 to 1118 ; Rotterdam, 3 months, 12.0 to 12.2 ;
Antwerp, 3 months, 25.45 to 2550 ; Brussels, 3
mouths, 25.45 to 25.50 ; Hamburg and Alton*, 3 months,
13.85 to 13.9 • Berlin, Cologne, ke.„ 3 months, 6.27
to 6.28 ; Petersburg, 3 months, 275 to 27 ; Paris, short,
25.74 to 25.20 ; ditto, 3 months, 25.40 to 25.45 • Mar-
seilles, 3 months, 25.40 to Z. 45 ; Frankfort-on-the-Maine,
3 months, 118 to 1185 ; Vienna, 3 months, 13.70 to
13.60; Trieste, 3 months, 13.70 to 13.60; hisdrid, 3 months,
45 to 445 ; Santander, 3 months, 45 to 44# ; Cubs, 3
months, 45 to 441 ; Seville, 3 months, 451 to 45 ; Malaga,
3 months, 455 to 45 ; Valencia, 3 months, 461 to 46 ; Bar-
celona, months, 471 to 475 ; Bilbao, 3 months, 46 to
45 ; Valladolid, 3 months, 44, nom. ; Saragossa, 3 months,
45; to 45; Leghorn, 3 months, 28.0 to 28.50; Genoa,
3 months, MO to 28.50 ; Naples, 3 months, 28.0 to
28.50 ; Palermo, 3 months, 28.0 to 28.50 ; Masi
3 months, 28.0 to 28.50 ; Lisbon, 90 days' date, 511
to 511 ; Oporto, 70 days' date, 511 to 51/.
The amount of government bills on India for
which tenders will be received at the Bank of Eng-
land on the Ist August will be rupees 35,00,000
(350,0001.)
The Secretary of State for India in Council has
given notice to the following effect :
Holders of India Four per Cent. Debentures who have
given notice for their renewal are required to surrender
their debentures—if registered, on or before the 3rd of
August, and if payable to bearer, on or before the 11th
August next—at the chief earthier's office, Bank of Rag-
land. New debentures, with coupons attached, will be
issued in lieu of those so deposited on or after the 16th Au-
gust next.
The Manchester E.caminer and Times of yester-
day says :
We learn by telegraph that Messrs. Lund Brothers,
commission agents, Blackburn, and Mr. H. W. H. Graham
cotton manufacturer, Livesey, near Blackburn, have this
day issued circulars to their creditors.
The South Eastern Railway traffic return shows
this week an increase of 8631. over the correspond-
, JULY 23.—The Queen has been mg. period of last year ; the Metropolitan an in-
Paled to approve of Alfred Hssche ea °laud at crease of 1,5811. ; and the Glasgow and South
enang for his majesty the King of Prussia.—Gazerte.
SPRACH DAY AT RUGBY.—Yesterday morning Western an increase of 3101.
there was a brilliant assemblage at Rugby in connection A general meeting of the Pneumatic Despatch
with the annual speech day. The Rev. Dr. Temple, the Company (Limited) is convened for the 31st inst.
head master, presented the statistics and account. of the The first ordinary general meeting of Samuel
school for the year endinglB66. He did not propose onto Bestow and Co. (Limited) is called for the 9th
present occroion to suggest any changes in the reguktions
August.
or arrangements. Nearly everything that amid be done
without the authority of parliament bad now been done, Notice is given of the closing of the transfer-
and he should hope to have the opportunity of discussing books of the Mid Kent Railway Company from and
what remained when the Public :Schools Act should have
been passed. With what bad been done so far he saw no after the Ist of August "under the provisions of
the award relating to the amalgamation of the
reason to be dissatisfied. The point on which he had felt. Co with the South
some anxiety was whether the addition of natural science Mid Kent Railway Company
to their studies might not in some degree interfere Eastern Railway Company.
with the Greek and Latin. He was now tole- Vice-Chancellor Wood intends on the Ist of
rably confident that up to the top of the middle
August to appoint as official liquidator of the
school, the Greek and Latin had not suffered at all. This Ottoman company (Limited).
took in about five-eighths of the whole number of the
The Master of the Rolls has ordered the Rams-
school, and so far he had very little doubt that the addi-
tion of natural science would prove • complete gate Victoria Hotel Company (Limited) to be
an aces*. He was not yet able to Irak with the same con- wound up, and has fixed the 27th instant for the
fidenoe shout the upper schooL e had not indeed ob-
served any decline in the goodness of the work, but last
Subjoined are the notations of insurance ,
appointment of an official liquidator.
autumn the masters noticed that the boys in that part of. -
the school seemedrather more tired than was good for dock, and other shares, as given in the ewe
them, sad he was liged to make special exemptions from change list of last evening :
Insurance. Commercial Union, 6i, ; Indemnity
ass-clasaical work to relieve the pressure on those who
appeared unable to bear it But these exemptions had marine, 1255 ; Liverpool and London Fire and Life, 81
certainly so far proved enough, and there was Marine , 904, 90, it, . Marine t' phcenx,
no appearance of over-work at present. He had 994, 100 ; Thames end Disney Marine (litedj, 61, 1,
to mention that two changes had been Made „Ai,.
Ila their staff. Mr. Bond, the junior mathematical Gaslight and Coke.—Bombay (limited), 44. 42 int. ;
master, left them last year for a college living. British provincial, 24, European, New, 01; Great
His place was supplied for • time by Mr. Brandretb, and
Centre', 121 ; Imperial Continentej, 86, 85, ex div.
finally filled by the appointment of the Rev. C. J. E. liscsaix, 254. 6, ex div. ; ditto New, 141 ex div.: Surrey
Smith, late fellow of 81. John's College, Cambridge. Mr. comma., IN.
Knyvett Wilson was killed by • fall from the Riffelborn Waterworkg—Berlin, 91 ; Chelsea, 29, ex ash. ; West
in August. His ices was • most severe one to them all.
Middlesex, 1101 , 10.
He was a most able and conscientious master, still full of Docks—East dual Wart jag* imam and fm,
the simplicity and energy of a boy. His place was now Katherine, 691,
Oiled by Mr. Whitelaw, of Trinity College, Cambridge.
The speeches were then delivered ; after which the prizes Tummy' Evsernia,
were awarded, and • collation followed, at which the
Console, which closed yesterday at 881 to for
distinguished visitors were present. Dr. Temple was
the the 9th of August, ope
same quotation,
and closed at 884 to 4. For
Iseh6:lo/somplinientodaa the satisfactory condition of nod this moriung at the
The steamship Washington, belonging to the money the last price was 884 tel. The official
OompsgnieGenenle Tranastlantique,arrived at t. Nasaire business report 111 as follows :—Three per Cent.
this meraing with 180 passengers and 1 000 000 dohs. in
scads
9th. 884, 4,1, ; Three per Cents. Reduced, 874, 1,
aim kft Amii,„„,n July,
„„a Consols,formoney, 881, 4,1, 4, ; ditto,for recount,

76{

90 102
101 101
101 101
1U NI
01 10
MI 02

- zil

91 90

104 Me

1014

PREFERENCE SHARES.
North Eastern, W. Hartlepool Harb. and Bail., 73g.

FOREIGN RAILWAYS.
Bahia and San Francisco (Limited) guaranteed 7 per
cent., 131.
Great Luxembourg, 1.3 i.
Imperial Mexican Railway, Limited, 7.
Swath Austrian and Lombardo-Venetian, 151 I.
West Flanders, 7i.

Anglo-American Telegraph (Limited), 101, 1,1, I.
Anglo-Mexican Mint, 16.
Atlantic Telegraph, guar. Bper amt. (Um.), 31, 1, 4.
Australian Mort. Land and Finance (Limited), 41.
City Offices (Limited), 21, 11.
Credit Fonder and Mobilier of Bag. (Lim.), 41, a in.
Ebbw Vale, 13, ad.
Egyptian Commercial and T (mited), 31, I.
General Credit and Finance Edon (Lim.), 41, 1.
Hudson's Bay, 16, 151 ad.
International Financial Society (Lim.) 31, 1.
Italian Irrigation (Canal Cavour) 6 per cent. Bonds re-
deemable 1870, issued 90, 50.
National Discount Company (Limited), 131.
New Zealand Trust and Loan (Limited), 21.
Peninsular and Oriental Steam (New), 51.
Telegraph Construction and Maintenance (Limited)
(12/. paid), 11), 1.

ORIENTAL COMMERCIAL BANK.-(THIS DAY.)

A meeting of the creditors of this bank was held
at the London Tavern at noon. for the purpose of consider-
ing the expediency of petitioning the Court of Chancery to
modify the order made on the 6th inst. for winding up the
bank, so far as to admit of its being done voluntarily' in-
stead of in a compulsory manner. Mr. GERMAN filled the
chair.
The CHAIRMAN proposed the following resolution, which
was seconded by Mr. BARGE, and agreed to without die-

mission :
" That this meeting is of opinion it would be to the interests
of the creditors to have this company wound up voluntarily
under the supervision of the court rather than compulsorily
as it would be attended with considerably lees expense and
delay. And this meeting hereby approval of an application
being made to the court that the order made by the Vice-
Chancellor Sir W. P. Wood on the 16th day of July inst.,
be varied accordingly, such application to be made by mo-
tion or petition, as counsel may advise, but without ex-
pense to oz."