The Express.
London, England, 1858-06-21 00:00:00

3. It will tend to generate on the part of the holders of
mowed
them duom a want of oars and caution in guiding

4. The idashiatlea of the womb; on cheques at the clear-
farlsosse will be very Miceli sad *equally quite 'levees-
doable ; the greatest delivery of cheques for percent through
the cleating-house takes plea between half-past three and
four o'clock, and after the latter how no more are received,
three-quarters of ea hour on ordinary days and one hour on
stock settling days are allowed for the banker to examine sig-
natures and amounts, and make his entries before payment
or return of such cheque* as are unpaid, and it is not an on-
frequent occurrence for one banker to have to pay from 2,000
to 3,000 cheques on a settling day, and a proportionate num-
ber on ordinary occasions—an examination of the crossings,
which most be made within the clearing-house, and before
any entry or other examination is made, become* impossible
within the allotted term.

In conclusion, Mr. M'Kewan expresses himself se
follows:

We do not complain of those risks incident to a basiness
in which large sums of money are conenuttly entrusted to the
control of numerous clerks, In whose integrity and careful-
ness great confidence must weesearily be replied, but we do
complain that an attempt should be mete to relieve merchants
and traders from the necessity of exercleing even ordinary
vigilanoe in guarding their cheques, and to throw upon the
bankers any lose that may ret from hands sishut which
they cannot protect themselves, and which may in many
team be prevented by the holder of a draft using that are
which on every ground of equity and fairness he is bound to
do. Oa thew grounds I venture to express the hope that
this bill will not be allowed to pass into law, sod reopeotfally
submit that the law sa it at present stands, affords wiry legi-
timate protection to the holden of drafts.

SATURDAY BYIRINU.

General dulness prevailed to-day throughout the
Stock Exchange, but prime are not lower. The
tondo closed the same u yesterday, with a tendency
towards flatness. Btukiness in all quarters was ea-
oessively inanimate.

In the discount market to-day there was a fair
demand for money, the rates for fleet-class bills being
2i to 21 per cent. At the Bank little business war
done.

ar.o.:ae, done in bullion at the Bank to-day.
Consols were stationary to-do at the cloeieg nes,-
tation of yesterday, viz., 961 to I ex div. for the nth
July. The government broker bought about 16,000 i.
Reduced Three per Cents. at 961. The official busi-
ness report is as follows :—Three per Cent. Consols,
for account (Bth July), oat, 061 ax div.; Three per
Cents. Reduced, 96/, 95-1 ; New Three per Cents.,
oat, 961 ; Bank Stook, 221 ; India Four per Cent.
Loan Debentures, 991; India Bonds, 16e. prem.;
Three-and-a-Half per Cent. Exchequer Bonds, fall-
ing payable in May, 1869, 1001.
Exchequer Bills were rather flatter, the March
issue being quoted 30s. to 36e. prem., and the June,
18s. to 20s. prem.
Very little business was done in the foreign stock
market. Turkish Six per Cents., after being marked
951, closed at 961 to 1. Spanish Bonds were in de-
mand, and rather dearer. The scrip of the new
Brazilian loan closed at Ito die. Sales are recorded
as follows:—Buenos Ayres Deferred Bonds, 181;
Chili= Six per Cents., 106 ; Spanish New Deferred
Three per Cents., 271; ditto for account, 271, 271;
Turkish Six per Cents., for account (June 30),
951, 961.
The market for Bank shares today was dulL
Ottoman Bank shares have again receded. Those of
the Commercial Bank of London were Iroted 181 to
191. London Discount were more inquired for.
In miscellaneous securities there was no movement.
Canada Government Bonds were more inquired
for to-day, and firmer.
The Jubbulpore Extension shares in the East
Indian Railway Company were quoted 6-18 to 7-18
prem.