The Express.
London, England, 1866-08-09 00:00:00

MONEY AL

'HIS DAY.)

Chivertos
'Clifford Arms/

I ni.l Mono
100
100
100
100
100
100
100
100
100
100
100
100
100
10C
100
100
100
100
100
100
100

Id NI
SO IS 1
Nt IN
74 76
74 76
20 101
102 104
101 104
100 106
N 41,
101 108
104 106

100 102
101 103
101 109
103 106
05 98
90 92

90 92
BS 83
93 04
72 74
94 SI
SS 87

102 104

101 1N

2,900 ..
1.044
12,000 ..
612 ..
•,1M ..
6,600 ..
4,000 ..
4,0001 ..
4,600 •

te °

... m

75

73
Ber

111

1a.,23-oaL(ThvwdL)l

Drakewalli • I
East Basset (Masan)
Fag Condon
East Care Brea
Fad Greer Ma.

cluing quotation, 681 to 1, is the exact price reported
this day week. In both Illinois and Edo shares the trans-
iv:tiros have been of conaiderelde magaitedo, liege pod
-
chases having been made for expectation to AIN6IIII. Mi-
nsk shares remain without alteration at 70 to TEL but
the 'announcement that no dividend would be paid on Erie
shares this half-year has had a prejudicial effect on the
stock, which clots@ 404 to 11, or about 2 dole. lower. In
the case of both Illinois and Erie shares our market is now
relatively somewhat lower than New York.
The London and North Western Railway traffic
return shows this week an increase of 4,8331.,
compared with the corresponding period of last
year; the Midland, an increase of 1,2641. ; and
the Metropolitan, an increase of 1,2331.
The arguments in the case of Overend, thirney.
and Co., ex-parte Griasell were concluded yester-
day before the Lord Chancellor and the two Lords
earing
Justices, allof whom hadexpressly attended to hear
the suit on account of its general importance.
After h
Sir Rounded Palmer and Mr.
Wickens for Mr. Grissell, and Mr. Body and Mr.
Roxburgh for the liquidators, the court announced
that itwould give udgment to-morrow. This is an
appeal from a judgment of Vice-Chancellor Kin-

Ors
The amount of business in the Stock Exchange
to-day is limited, and prices have again receded in
some cases. The funds, in which the monthly
settlement is now in course of completion, are
unchanged for money, but have declined per
cent. for the account. Foreign stocks and British
railways have likewise given way, and most other
securities are flat.
The Bank of England rate of discount remains
at 10 per cent. It was not expected, however,
that the directors would make any change to-day,
it being generally believed that the accounts of the
establishment show no improvement compared with
those of last week.
It is understood that the deputatiom from the
London joint-stock banks will wait upon the Chan-
cellor of the Excheqer to-day or to-morrow, to ask
the government to authorise the directors of the
Bank of England to retain the letter of license, in
the event of a reduction being made in the rate of
discount.

&inky delivered last week, and involves • prin-
ciple of great importance.
The general meeting of the Great Northern Lon-
don Cemetery Company is called for the 25th
instant, and that of the Surrey and &WI Junc-
tion Railway Company for the 28th.
With reference to the market for bides and
leather, the monthly circular of Mews. Culverwell,
Brooks, and Co. contains the following :
The hide market has been veep quiet during the past
month • the continuance of the high rate of disoount
restrict; operations, and prices generally have had a down-
ward tendency. Hides.-Salted Ox and Cow.—Routh
American have been in limited request, vis. :—Buenos
Ayres, heavy ox, 51d. to 6d. ; light ox, 51d. ; Monte Video,
light ox, sd. ; cows, ; Rio Grande, cows, 41d. pet lb.
Australian have been in steady demand, more particu-
larly heavy hides, viz. :—Sydney, let heavy, d. to 41cl_L ;
let light, ild. to 41d. ; 2nds, heavy and light, 3 d. to 31d. ;
Melboutne, Ist heavy, 4d. to 401. ; Ist light, • d. to 4d. ;
2ncia, heavy and light, 35d. told. ; Brisbane, Ist heavy,
30. to 4d. ; let light, 31d. to 4d. ; 2nds, heavy and light,
3td. to 31d. ; New Zealand, Ist heavy and light,3ltL to
4d.; 2nds, Std. per lb. Cape have realised aboat late rates,
via. :—lst heavy, 41d. to sd. ; let light, 4d. to 41i ; 2nds,
heavy and light, 301. to 31d. per lb. Hone hides.—The
sales are unimportant. Ent India kips have been in
limited request, the hone trade having bought very
sparingly, while for export the demand continues very re-
stricted, and prices may be quoted id. to Id. per lb. lower.
English market hides have been in fsec demand. The
; leather marks:: is reported as quiet, but steady, with no
material alteration to notice in quotations.
The subjoined report on the silk market is ex-
tracted from the circular of Messrs. Durant and
Co. :

Arrangements having been made in connexion
with the large amount of Indian paper which will
arrive at maturity to-morrow, the demand for
money has diminished, but the general charge is
dill about 9 per cent.
Consols are now quoted 871 to 1 for money,
and 881 to for the account (September).
Turkish Bonds of 1865 and Italian of 1861 are
heavy, and have declined about }per cent.; Spanish
Passive, the Committee's Certificates, and Mex-
ican, are also lower. Turkish Bonds of 1862
are quoted 48 to 50 ; ditto of 1865, 26/ to I ;
Greek, 11 to ; Spanish Passive, 14 to 191; ditto
Certificates, 131 to 141 ; Italian of 1861, 50 to ;
Brazilian scrip, to 4 dig. ; and Mexican,
161 to}.
United States 5-20 Bonds and Erie Railway
shares have receded per cent., but Illinois Cen-
tral have improved to that extent. The present
quotations are as follows :-5-20 Bonds, 681 to f ;
Erie Railway shares, 401 to ; and Illinois Cen-
tral, 75 to /.
Anglo-American Telegraph abases are quoted 111
to I, being 10a. lower, and Atlantic Telegraph 31
to 1, showing a decline of is. 3d.
International Financial shares are quoted 2 to
11 dig. ; London Financial, 13 to 12 dig. ;
General Credit, 2 to If dig. ; and Credit Fonder,
3E to I din.
The gold operations at the Bank yesterday com-
prised the influx of 17,0001., and the withdrawal
of a further parcel of 150,001 sovereigns for Brazil.
During the week 266,0001. has been sent in, and
316,0031. taken out for exportation. Coin has
probably also been taken for transmission to the
provinces in connection with the harvest.
The steamer Douro will take to-day 324,5701. in
gold (including 301,0001. withdrawn from the Bank
on Tuesday and yesterday) for Brazil and Buenos
Ayres, and 7,0001. in silver.
The steamer Mandinp, from the West Coast of
Africa, has brought about 10,0001. in gold dust
and specie. The French mail steamer Imperatrice
Eugenie has reached St. Nasaire from Vera Cruz,
with 283,00 W. in silver, a large portion of which
is probably on English account.
The private advices from Bucharest announce a
decided improvement in the political situation.
The revolutionaryelement has been discarded from
the ministry, and a strong administration has been
formed under the auspices of Prince John Stirbey,
Foreign Affairs ; Prince John Ghika, Interior ;
LI M. Mavroyeni, Finance, ito. The programme of
the new ministry is stated to be per-
fect neutrality and immediate reduction in
the military expenditure. There are still
some difficulties with regard to the recognition of
Prince Charles by the Porte, the latter having put
forward several untenable conditions ; but there is
little doubt that the question will be speedily and
amicably adjusted. Much financial pressure still
prevail' in the Principalities, and several local
failures have been announced. It is satisfactory,
I therefore, to find that the instalments due every
month for the interest and sinking fund of the
Danubian Loan are regularly met. The accounts
respecting the crops are conflicting. In some parts
they are reported to have suffered from drought,
but in general the wheat harvest appears to have
been unusually abundant.
It is understood that the United States and Ca-
nadian governments have assented to the forma-
tion of an international commission, for the
of reducing the obstacles in the way of a
relvrieZmtmt of the frontier trade of the two coun-
tries. Montreal is spoken of as the place of meet-
ing ; where it is understood that representatives of
the leading American and Canadian railways that
connect one another at Detroit, Portland, Niagara,
lead other places, will be invited to meet the com-
missioners, in order to facilate their measures.
The following circular has been addressed by
Mr. Coleman, the official liquidator, to the credi-
tors and shareholders of the Bank of London. It
is understood that the proposed dividend will be
paid on the 27th and 28th of the present month :
Sir, -The order for winding up this bank was made on
the 2nd of June last, and I was appointed official liqui-
dator on the sth of the UM. month ; but owing to the
litigation which arose in reference to the arrangement
with the Consolidated Bank, it was not until the 2nd of
July that I had full control over the assets of the Bank
of London. Since that period I have devoted my con-
stant attention to their realisation so se to pay a dividend
at as early • period as possible, and I am glad to state that
my efforts have been so far successful that I have been
enabled this day to obtain the sanction of the court to ir•y
a first dividend of 6s. Rd. in the pound towards the end ot
the present month. lam also happy to inform yod that
the liabilities of the bank, which stood at the time of its
suspension at 3,541,532/. 14.. 9d., are now reduced to
1,520,789/. 7s. 4d. The progress already made in the
realisation leads me to hope that before the close of the
year the estate will be enabled to pay another dividend,
and I propose &terrific until then the publication of •
s.atement of the poction and future pr.:affects of the
drags of the bank, because the liabilities are likely to be
further reduced by that time ; I then shall be able to give
1.1"1"°‘ Ave"? t-eals. 5°417 '-‘l"Nle listall'l". 1 positive information as_ to the deferred emote than I
-Gems Western, 611-Leaceshir• and Yortgare, Meat more
loadou and North Western. 11611 1 1-Manchester, have at present the means of doing.-I am,
Ned Ilecc4n, Hi s d-Metropolitamitni 1-Bciath Eastern. dog J. E. CoLsumr, Official Liquidator.
-See, 41 1-United States 6.20 Bernd*, 681 1-Greet Lawn- 17, Tokenhouse-yard, August 7.
bouts shares. 131 -ditto, 6 per cent Obligations, 31-Erttlidt and
Forego mediae ‘thereed), p _flumes and mewl meow At
. the meeting of the Electric and International
(limited', 4 all p.-Uniou Marine (Limited,. el e.-Aeese. Telegraph Company, held yesterday, the net profit
minerioan Telegraph. II! 1 11! g-ausntis Telegraph, sin-
ego 8 per cent., a 6-16 1.--nbw Vale (Lknitedl, 101 d. for the half-year, was stated at 67,5241., and a divi-
Kancsserea, AVOCB? 8.--Ontr a moderate Wiliness''s& dope, dead of 5 per cent. for that period was declared.
at steady prices. Bolckow, Vauban, and Co. (Limited,, It p.- It was decided to carry the balance-1b,0301.-to
C. CaninaeU and Co 'Limited.. 16 d.-Consolidated liank
tienitee‘. g p.-ditto New, 13-16 p.-Ebbw Pale Confuse,
(limited , e„-arne, eog
Vie- d--Great Pastern, I t-imest The Panama, New Zealand, and Australian
the reserve fund which now amounts to 86,3801..
Laseroboung, 1 -0311.1hireat orthern 1131 4-Grand Trent of Royal mad Company (Limited), have issued the
Callonadrths'W=- 20-wancreterYmkalire,gland
-wancreterYmkalire,gland Unia‘4°cn
ilOinehho,n
Nosthfollows notification with reference to the Panama
Brltlefi tegligettitixernieloll.9:ll1dtand
and odd
-
sal manager in the Australasian colonies, from which it
anumenerth lastammerineinstusnes" 41 4-s(llPanialtedigh), 4Pgivekl-16 4.Purell4-16'8." pa."
"Autetelet4graulliewhasZßiaanbeinarecalervedAfusromtraliatilie company's
gem-
BIRIIII/1011•111, Ammer u.-Ciosing pdas-Sostk Stalford- . appears that the smond vessel for Panama, the Ruahiae,
shire Railway, 83, buyers : Wellington and Severn Junction . was to sail from :Sydney on the 15th, and from Welling-
Railway, 91 to 10 ; Great Western. sand Guaranteed
0.2 I ton on the 24th July, the mails by which will be due at
per Cent., 701. sellers : Staffordshire and Worcesterddre Southampton the 13th September ; and that, as the sob-
-380, sellers: Lloyd's Bank 'Limited), 81 pm., sellers: etaf. the &Ws
awdehire Joint mock Bank (ljagt.gkge mean. dial authorities had final) decided to ccdoPt
order that the mails
ham Wagon 'Limited , to 10 ! : metropolitan Railway Car- named ie the
CriagearrifigeandldWmTtedn jiAmOldibutlyL,S, "'elf tdoimuli e'pm"; t4Nunei tzffs. Metal; Bard
sated ,2to 11 die.: and Patent Shalt and Ashdres [Limited), the got two months-the third egad, the Rake* was
ray arridenvetiyinwiri
teiiii7stry,illthest:rduelwtibue
bemontstehowe, instead at
61 to et pm. not to leave Sydney until the Lit September and Welling-
- „„. than the Bth idea, the mails beteg due in /Inland the 29th
Ms FAILURE OF PILE, SPENCE AND Co,-The October. In conseduenes of this arrangement the Royal
find meeting of shareholders of the Grin of Pl* Spasm, )ail compeers steamer appointed to sail from South-
end Co. (Limited), ofd st Hartlepoo3, shiphu!iders, was am ton on the 2nd September, will not take out any mails,
held yesterday, at ington. The suspension of the peemengers, or cargo for New Zealand sad Australian ports,
company with a capital of 500,0001. in shares of 2or. each. as the next departure from Panama will not be until 94th
of which 101. has been paid up, and a call of 31. per share October, on the arrival ef the mails, passengers, and cargo
additional was made some lime time snob, was announced per the gen perked from Southampton- on the 2nd of that
above a week sine.. The firm employed above 2,000 hands. month. The service will thenceforth be performed regn-
It was decided by the shareholders yesterday that the TO- bay every month, se
to the dates meassened is the
minder of the unpaid up capital should be called up to limo gimes, to the
the amount of about 72,0001., the official liquidator stating The subjoined report with reference
that, if all the property of the concern wee realised, there
market for American
securities is extracted
fromthe
would be a nominal surplus of 125,0001.
Tat Gager Noarnzsg RLILWAT.-Tha direo- circular of Meal". Saannalmaja° and Co.
tors of this company have determined to recommesd to We bawl I. Mori a wary large mould of banal° in
the peoprietors at the general meeting on the 35th inst. the Diodes nmairet for Americane= secorities.ed
aßlesvythe, camAi
pAt,,cm._The
ballad
commit
voter-
! to eiders•
• dividend for the half-year to the 30tli Jane Atlantis Tel
mistime have
last, at the rate of 51. per mut. per annum on the edema shipments from /few York United Slates &20 Beads., Aar, having hada Weeded by upwards of 15,006 poisoas,
stock of the comcany string for the half-yaw 24 10s. per WWI have noosed a alight remotion from the highest, !on mum esnoat will be given te Thanolay next, the 16th
cent. to the onginal 'stock ; 3/. B rash, sad S. to A. quotation (69A) since oar lent. The Bonds, however, August, when Kr. Sims ROOM la "The d
steak. lave been well bought on continental account, and the Biscay."

6:6t
4,900
6,000' ..
1,0241 ..
6,000 ..
sod ..
40,000. 4
4001 ..
6,000,
"el
..
6,eal
c 000!
1.1..

{,136 ..

2.10
Sai
L 14.4
Si
2.14.0
&IA
3.0.0
101.17.6

Ir i
410 430
151 J
is n
i 21
6 4
I 21

~i :.

Fad Lovell
L W. Rosen (Taviatk )
Grumbler a at. Aebyn
Great Lacey (Unshed)
Great South Tolima
Great Wheal Busy
G. W. Vor (Balaton)
Grenville
lierocre Foot

Waggon Downs
=vet (Una Want!
Valley
liwyndy bon Ow•
New Beton

li4orth Roakeir.

N. West Basset (Moon)
North Wheal Croft:,
=elsattotl
U. Leant)
S. Cinema (St. Cher)
S. W. Frances ;Lllogen;
Stray Part

6:i061_6

1,0241 ..
$.OOOl ..

11! .1
1,024 ..
2,000 ..

Vigra sad Cope,
West Bunt 1111011101Lbw1-
W. Pesci= (Liakeerd
West Clalverten
West Setou

wn:Biamet
YDiller Mathwth).
aryAna (Moshon )
IWheal Won
Wl2. Tr,lawww (WO

No. I Bh. I

isi 9/4

1819

PO Si
4 41
1418

fr 46-
! 4

I I

II II
336.. Ai.

Tit

11 11

i -i
j !I

3- 4-
624 '7l
106 116
80 86

16
$
:.

i ii

8 -8
1.111 146
8 10

36; 2
103, 1
10, 20
10,000 6
114, 10
16, 2
30,000 6
12,000 40
10,000 10
100.000 1
1 21,000 3
21000 2
60,000 2
10,000 20
438,0013 1}
16,0001 3
10,0001 6
1018151 1
60,006 4
10,0001 20
140,000 5
. j 1
120,003 1
11,000' 13
43,174 30
80,000 2
50,000' 1
10,000 10
6,000 10
20,000' 6
10,000 s 1
76,0001 1
46,0001

111,4/4

a i poll
idis I
1 3 Par!

2 4

-
19f SO

iar- bait
29 r
19 21 ut
1 al

ii iidkl

}al' par)
a, 8_
_1

141$
.j4B

-quit
par
idis /Pm
i I di.

We have firm prices in silk at fully 10 per cent. above
the lowest moment, but the market is comparatively
quiet. All was gay and buoyant for some days at about
the period of the last mail, but far the last week we have
had decidedly less husiumi, and this notwithstanding con-
tinually diminishing prospects as to supply. The crop of
Europe it is now thought may warmly exceed es a whole
that of last year, while the shipments from China, accord-
ing to the latest telegrams, are seemly likely to reach
50,000 bales, exclusive of Japan. The deliveries are Tether
less miserable, but still far from satisfactory. We shall
need considerable improvement even should present am-
donee anticipations of supply prove to be correct. In
Japan silk there is good demand for the fine and better
classes, with only a very moderate stock. Bengal silk par-
ticipated fully in the improved business while it was doing,
and now share, in the comparative quiet.

_
WEDNESDAY WINING.
Consols, which closed yesterday at 871 to 1 both
for money and to-morrow's settlement, opened
this morning at the same quotation, and closed at
871 to /. For the new account (September) the
last price was 881 to #. The official business re-
porti
is as follows :—TWee per Cent. Conan fee
money, 871, 1, Li ; ditto, for account, 873, i ;
Three per Cents Reduced, 861, #, 7, 61, I ; New
Three per Cents., 87, 6/, f ; Bank Stock, 249 ;
India Five per Cent. Stock, 1021, 31 ; ditto Four
per Cent., 92.
Indian Government securities were unaltered.
The March Exchequer Bills closed at ss. dis. to
par ; and the June at 3s. to Bs. prem.
The foreign stock market was heavy, and a fall
was observable in most of the speculative descrip-
tions. Venezuelan Bonds of 1862, and Italian of
1861, were prominently depressed, and gave way to
the extent of 2 and 11 per cent. respectively. Egyp-
tian (100 Bonds and Railway Debentures), Italian
of 1866, Turkish of 1858 and 1862, and Venezuelan
of 1864, also declined 1 per cent. ; Turkish of 1866,
# ; Mexican, i ; Brazilian scrip, 1 ; and Spanish
Pardve, 1.

86 911

- 14

I a. saw!.
1-7 S SS
I -
f«

MINES.-(THIS DAT.)

Oxs o'CLoot.

93 98
92 94
88 91
93 96

91 96
93 95

In the mining market today there is an inquiry
for Prince of Wales shares, which have improved
to 275. to 295., but other mines are unal-
tered, in the absence of business. Clifford Amal-
gamated are now quoted 6 to 6k ; East Caradou,
to 7 ; Great Vor, 18} to ; Cbiverton Moor,
41 to ; West Chiverton, 60 to 66 ; West Caradon,
4 to I ; and East Grenville, n to 2.

92 94

fliiii-

COMMERCIAL AND MARKETS.

LIVERPOOL COTTON MARKET.
(THIS DAY.)
(is L4llOlllO AND INTIIIATIUNAL TILIGNAZN.)
(non ou ow oomisarommurr.)
The market continues rather quiet, at yesterday's rates.
Sales about 8,000 bales.

MINCING-LANZ.-(THIS DAY.)
Boom-The market continues quiet, the solo being
mutinied to small paresis of British Wee India, at prices
rather in favour of buyers. Refined is also rather cheaper.
florre.-The pared' of plantation Ceylon brought to
public sale have gone off lo= readily at 6d. to Is. pier
cwt. decline ; triage and peelings. 3aa. to 635.; fine fine
onlinary to low middling, 7k. to 78s 6d.; middling. Te.
to 82s. •• good middling. 83s. to Hs. 6d.;peaberry, 78e. to
845.; Native Ceylon, 61s. 6d.
Cooos.-There is an improved demand for this article
at rather firmer prices for superior quality. Trinidad sold,
good to fine rad. 82s. to 104 s. ; Grenada, good and fine,
725. 6d. be 78s. 6d. ; Bt. Lucie, 645. to 665.
TL -The public sales are progressing with improvedC
spirit, firmer prices having in meet cases been paid.
Ell M. -50 mincheons of loswards sold at ls. 4d., and 50
pasialtaosa of Jamalos at da. 10d. to 3s. Id.
rw is. -A piucel of Valencia raisins ham been sold,
without reserve. at 261. to 325., being she previous value.
Rim-The sales are confined to small woes of Bengal
white, at 14a. Pd. ; Belem, 13a.
Brics4.-A large parcel of Jamaica gi er has been
sold at the full prices of 60s. to Ula. for • to finc.
For other spices there is vs little business doing.
R A LTPET RIC continues dun of sale.
TWA JAPONICA. -300 bap of fine catch sold at
315., and bummer' has been done in Gam at
225. 6d. for:oommon, and at 31s. for fine cubes.
Corrox. -There is more burins= doing, but prices show
a decline of 14. to id. per lb.
JUTS is dull of ale but not lower.
limir.-itussian dull of sale, at 321. to 321. 10s., for
clean.

TALLOW MARKET.--(THIS DAT.)
•rh.. is quiet. at the following prima :—Town
tallow, 435. 3d., net cash ; Patersburg Y.C. on the spot,
445. October to Deoember, 45a. " leafless ;" Deeenike,
" sellers."
METROPOLITAN C
DAY.)ATTLE MARKET.
(THIS
The supply of beasts is rather mailer than en Monday
last ; the demand for them is good at fully Monday's
quotations. The number of sheep is about as hot week
trade is by no means brisk. Prime remain unaltered, but
a clearance cannot be effected. Trade is very slow for
lambs. Only choicest qualities an wanted. Chives are
selling as on Monday. Our f.nlgn amply musists of
420 beasts, 1,1160 sheep, 230 (selves, and 170 pip.
Per Moos of vibe. a ad. Ts Moos of Mb, ad.a d.
Best Beata, Nereids. 54 1 8 Dost Dost HI-basal 0 0 0
Best Abort-borne 2 5 6 Deg Losig-mouM.... 5 4
Mooed qua beasts 310 4 4 Do. do. Mews 00 0 0
Calves
s o 4 8 Mesa....
DD 6 0 6 2 Lambe
Beech at earthLilo; Amp sad Imatbs, SAO; askew 150:
246 L 2201
SMITHFIELD HAY MARKET.—('THIS DAY.)
Mr. Charles James Beaton reports trade et the
following prices :—Prime old dower, flaw 120 s. to 130 e. ;
inferior ditto, from 95.. to 110 s. ; prime aid bay,
from 105.. to 110 a. • inferior ditto, from 90a. to 100 s. ;
get Dew clover, from 84..t0 100 s. ; prima new hay,
from 76e. to Ns. ; intake ditto, bun 50s. to 66e. ;
dory, from 365. to 46a.