The Express.
London, England, 1867-04-09 00:00:00

MINCING-LANE.-(THIS DAY.)

SUGAR—The market has opened quietly, but'steadily,
at last week's prices. Refined—dried goods are rather
dearer, owing to a moderate supply; pieces sell at the
previous value.
Correc.—The market, privately, is inactive, owing to
large parcels being declared for public sale during the week.
TEA.—There is little or nothing doing in the market by
private contract. At the public sales of Indian teas
2,920 packages will be offered. of which 467 packages are
of the Assam Company's growth.
Rice.—The market is firm, but no sales are reported.
Annowitoor-100 tine of St. Vincent A G sold at 41d.
Reit.—A small parcel of Leeward. ,old at Is. 'ld. proof.
SALTPLTRZ.-300 bags of Bengal sold at 18e. 1 jd. caah,
refraction 7.

Corrox.—Tbe demand has become quite inactive, s]•
though lower prices would be submitted to.
JUTE. —A small parcel sold at the previous value.

TALLOW MAAKET.-CTAI DAY.)

The market is quiet. Town tallow is quoted 445.;
Petersbun; Y.C. on the spot, 445. 6d.; April to June,
465. 6d.; October to December, 44a. 9d. to 4.55.

SMITHFIELD HAY MARKET.—(THIS DAY.)
Mr. Charles James Easton reports trade at the fol.
lowing prices, viz. :—Prime clover, from 100 s. to 110 s. ;
inferior ditto, 80s. to 9.15. ; prime second eat clover,
90a. to Ms. ; inferior ditto, 50s. to 70s. ; hest green hay,
84s. to 90s. ; interim' ditto, 50s. to 70s. ; thaw, 40a. to 495.

MONEY MARKET.-(THIS DAY.)

013 olhooz.

The markets for public securities opened this
morning at an improvement, and, although a re-
action has since taken place, prices in many cases
are better than yesterday. The speech of thel
French Minister for Foreign Affairs with reference
to the Luxemburg question is regarded as satis-
factory, while the withdrawal of the "instruction"
has led to a hope that a Reform Bill may be
passed this session. The amount of business
is considerable, and transactions are freely entered
into at close quotations. In fact, the excessive
depression, which was observable yesterday,
amounting to a panic in several of the
departments, may be said to have almost
entirely disappeared. Little attention is directed
to the Spanish difficulty. Some of the
dealers are engaged in preparing f.•r the
settlement to-morrow in the funds. The
rate for continuing operations to the next
monthly account is about 2 per cent.
per annum. Consols have improved per cent.,
while the Three per Cents. Reduced and New Three
per Cents. are g better. The advance in some of
the railways and foreign bonds amounts to 4 to h.
Banking and financial shares show no movement of
importance.

The supply of money in the discount marl:et has
largely increased to-day, owing to the payment of
a portion of the dividends, and good three months
bills have been taken in some cases at 2A per cent.,
though the more general rate is 2f. Short advances
on English government securities are offe,ed in the
Stock Exchange at 1 to 11 per cent.
Consols are now quoted 901 to 1 both for money
and to-morrow's settlement, and 9oi to
for the May account. The Three per Cents.
Reduced and New Three per Cents. are called
88,3 to 1, cx div.
The foreign stock market is firmer. Ruin=
scrip is in good demand, and has improved
2 per cent. Chili= Scrip has advanced i ;
Turkish Bonds of 1866, 1 ; and Mexican,
1. Turkish of 1885 are quoted 27 to 1 ;
Greek, 131 to 14 ; Spanish Passive, 201 to 1 ; ditto
Certificates, 121 to f ; Italian of 1861, 49 to
1 ; Mexican, 15 to ; Russian Scrip, to 1
prem. ; Chilian Scrip, 4 to 3 dis. ; and Danu-
bian Scrip, 6 to 4 dis.
United States 5-20 Bonds are per cent. better,
at 74 to 1 ; but Erie and Illinois Central railway
shares have declined 1, viz., to 36 to 37 and 76 to
77, respectively.
Anglo-American Telegraph shares arequoted 171
to 2, and Atlantic Telegraph Eight per Cent. Pre-
ference 31 to 41, showing no change.
International Financial shares are quoted
24 to f dim. ; London Financial, 19 to 114
dia. ; General Credit, 34 to dis. ; Credit Foncier,
64 to dis. ; National Discount, 64 to 74 prem. ;
and Hudson's Bay, 151 to 161.
A meeting of the shareholders of the Bank ~f
British Columbia will be held on the 16th inst.,
when the accounts to the 31st of December last
will be submitted.

An extraordinary meeting of the Hop and Malt
Exchange and Warehouse Company (Limited) is
convened fur the 16th inst., " for the purpose of
authorising the directors to deal with those shares
that have been or may become forfeited, and con-
sidering the issue of the unallotted 4,000 shares of
the company."
The Royal Standard has arrived from Port Phillip
with 38,0001. in gold.
QUARTZR TO Two O'CLOCK.

At Paris this morning the Three per Cent.
Retain opened at 66fr. 80c., showing a decline of
!, per cent. The Bourse is described as "very
fist."

Yesterday's excitement was very great, and
according to the experience of a number of the
brokers and dealers, it is many months since they
have transacted so much business in one day. Of
the stales a large proportion were on foreign ac-
count, and many more on behalf of speculators for
a fall ; but it would also appear that many bona
fide holders have been frightened into puling with
their stock now that the fear of war is added to
the distrust which has so long prevailed. It is
difficult to see, however, how persons who part
with their securities at the present reduced prices
can find any employment for the money.

As soon as the loans obtained from the
Bank of England during the last few weeks
shall have been repaid to it, which will take
place in the course of a week or so, a great
glut of money is looked for, more especially as trade
cannot fail to be seriously checked by the threaten-
ings on the Continent. Should the English market
absorb to any important extent the securities which
continental holders are desirous of selling in
their present anxiety, the exchanges may be
turned against us, and gold may be exported from
this side ; but the collapse which took place yester-
day in the London market for foreign stocks,
and the continued apathy of the public towards
all classes of investment, seem to render any im-
portluit movement of this kind improbable. A
considerable amount of Indian bills fell due yes-
terday, but had been well provided for.
A French consular notice has been published at
Vera Cruz, from which it appears that the conven-
tion signed at Mexico on the 30th July last between
the French and Mexican governments is "
petled," or, in other words, abrogated. From the
Ist of March, 1807, the French agents have handed
over the administration of the Custom-house of
Vera Crux to the Mexican government, which, on
its part, is to pay monthly a sum of 50,000 dollars,
or 10,0001. sterling, in specie, into the hands of the
French consul or some other French agent. This j
arrangement is agreed upon pending the tinal ad-
Mstment of accounts between the French and I
exican governments, which perhaps may take j
place at the Greek Kalends. Its effect we believe;
to be that the French government will receive '
about one-eighth of the customs revenues of Vera
Cruz. instead of one-half, as hitherto. In the in-
terest of the English bondholders, this agreement
would appear to be satisfactory, as leaving a greater ,
scope for action, and larger resources to the Mexi-
can government.
The Lincolnshire has arrived from Melbourne
with 22,5001. in gold, and the Africa, from Boston,
with 2,120/. The Shannon, for Brazil, will take
to-day 7,500/. in silver and 1,000/. in gold.
The bar silver by the Mexican packet was sold
yesterday for Bombay at ss. hi. per ounce, showing
no change, compared with the recent quotation.
The Mexican dollars have been disposed of at
4s. 11h11., being likewise without alteration.
At Lloyd's yesterday, against the risk of Spanish
capture 10s. per cent. was paid on English ships
bound to Havannah and Manilla, but there ap-
peared to be no great idea of war with Spain, and
tew transactions took place.
Mr. Sebastian Lelia, merchant, of Telegraph-
street, has been compelled to suspend payment, in
consequence of losses sustained during the late
crisis, and the heavy fall which took place yester-
day in Italian stock. His direct liabilities are
estimated at about 30,0001. He is also liable on
endorsements for about 50,000/., in respect of
which it is not expected that any claim will arise.
The assets are computed at from 12,0001. to 15,0001.
The books hare been placed in the hands of Messrs.
Coleman, Turquand, lounge, and Co., the accoun-
tants.

A meeting of tho shareholders of the
I Mobilier of France was held in Paris on Saturday,
but neither interest Ler dividend was paid, nor any
of the arrears.
Most of the railway traffic returns compare this
week with Easter week of 1866. The South Eastern
shows a decrease of and the London. Brigh-
ton, and South C.ast a decrease of 6,8201. The
receipts of the latter company were greatly in-
creamed in Easter week last year by the volunteer
review at Brightg.n.
The traffic return of the Great Western Railway
of Canada for the wee,: ending March 22 shows an
increase of 1,67:;/. over last year.
In consequence of the legal number of shares not
having been represented on the 30th ult., the ge-
neral meeting 1.1... e Belgian •Eastern Junction
Railway CouipaLy has been adjourned till the 30th
inst. at Brussel4. l't o!iniinary to this, a meeting
a ill be held in L.:M.ll.in the 26th.
A petition for the winding-up of the Peruvian
Railways Company a Limited) is to be he before
Vice-Cluineellor .741alnua on the 26th inst.
An estnu.rdinary vueral meeting of the Liao-
beris Slate Company (Limited) is called for the
15th inst., to an,horise the directors to issue ile-
I bentures.
The subjoined remarks on the hide and leather
trade are from the circular issued yesterday by
M.essrs. CinverA,lL Br o. ks, and Co. :
'There is no alr,rati...h oi moment to report in the halo
no.. tee since our einnalar of the Nth ult., a fair dentanal
havii.g been experienced, wish scarcely any change to
notice in quotations. Hide...—Salted Os and Cow.— South
American have realise i late rates. Australian light and
sect" .1 class hides continue to sell freely, at full to ince-
iniprove.l rates ; while heavy keep dull of sale.
Cape have brutra!‘.. former quotation!. Horse Hides.- Is
:4,, Jovence of any stuck on the market, there is no change
to report. East India Kips have been in good demand,
chiefly for expert, and a; the last sales (on the 214th Mari)
extreme, to advanced rates, were realised.
English market Utica have been in fair request, at full
pri. es. The lea::.er in..rizet is reported as steady, with a
imalerate 1111101111: Of business, at about previa.* quobv-
riei,s. Kurth au 1 south Aiii,lican Furs and akin.—The
usual series of la in; fur sales commenced with that of
ours on the 44.1.. and finished un the 22nd March. The
supplies (except otter. marten, bear, and wolf) were of
most descriptions considerably more than at the last spring
sales ; prices for 1.01; sort, were low, which caused buyers
to perohaue freeiy. so that stocks were in general cleared.
Dm R. tine fisher realised higher rates, also similar quality
of fox. silver; but the average prices obtained for the
pr:•r.•;pal sorts were below those of la-t season. Fur—Real
continued in request, and higher rates were realised, par-
tical.,l4 fur the lard...sizes.

MONDAY EVENING.
Console.? which closed on Saturday at 90Z.
" both fur money and next Wednesday's
settlement, opened this morning at 90g to 4, and
were quoted at 4 o'clock 90 to 1, the price for the
Mar settlement being at the same time tool to 1.
At half-past 4, however, on receipt of the later
Paris telegrams. a recovery took place, the final
Tatations being tint to g for money and
the present settlement, and 904 to I for May.
The Three per Cents. Reduced and New Three
per Cents. left off at a fall of per cunt., viz., at
$8 to 1, ex div. The official buntline report is as
follows :—Three per Cent. Consols, for money, 941,
4, I, 891, 90: ; ditto, for account, 901, 1, 891;
three
per Cents. Reduced, 88g, 4,4, 1,8, 1, ex div.;
New Three per Cents., 88g, ' 3, , 8,1, 8, ex
div. : Bank stock. 252, 3,1, 3, ex div. ; India
Stock, 219 ; ditto Five per Cent., 1091, .1, l ; ditto
Four per Cent •• enfamd" rupee paper, 85.
The India Five per Cent. Stock was rather
more offered, but was little affected in price.
' Exchequer Ells were a trifle weaker at 15s. to
20s. prem.
The disquieting aspect of continental pelities
caused quite a panic in foreign stocks, and the
reduction in pri,:es was more important and general
than for a long time past. The amount of business
was large, and iucluded many sales on orders from
the Continent. It would probably have been still
more extensive but for the disinclination of many
of the dealers to enter into fresh operations.
Towards the close a partial recovery took place,
owing to an improvement in the French f Is ; yet,
comparing the dnal quotations with those of Hattie-
, day, Turkish Bonds of 1868, 1862, 1863, and 1666
(Six per Cents.), show a fall of 4 per cent. ' • ditto
1863 (Five per Cents.), 1/ • ditto 1854, and Gua-
ranteed, 1 ; Italian of 1861 'and 1866, 3 ; Danubian
24 • Russian and Egyptian, 1 to 2 ; Danubian
Scs:ip, 11 • Portuguese Mexican of 1864, and
Peruvian of 18115, 1 ; &Wan Scrip, 11 ; Alexiaux
and Spanish Passive, 11, • Brazilian of 1866,
Chilian B, New Grim:mil:in Three per Cents. Peru-
! vian of 1862. Sardinian, Venezuelan of 1864, and
Spanish Deferred, 1 ; Spanish Certificates, •
!Greek Bonds and Coupons, and Spanish Old Thom;
per Cents., A. ; and New Grenadian "ex all," and
Deferred, 1: Moorish Bonds were exceptionally
firm and rose 1 per cent.
Bank shares participated in the general depres-
sion, and gave way in numerous cases. Austral-
asia, Chartered Mercantile of India, London and
River Plate, and Union of London fell It. ; ln-
s! perial Ottoman,lsl. ; Alliance, Chartered of India,
Australia, and China, City, London and County,
London Joint Stock, and Oriental, 10a. ; Land
Mortgage of India, se. • and Consolidated, 2s. 6d.
In the market for financial shares Credit Foncier
fell 7s. Ikl. ; International, ss. ; and General
Credit, 1-16. London Financial showed no change.
Prices closed as follows :—lnternational Financial,
234 to I die.: General Credit, 3g to 1 dis.• London
Financial, 191 to 181 dia.; and Credit ioncier of
England, ft! to 1 dis.
Atlantic -Cabre shares closed at a reduction al
2s. 6d. to Ss. Anglo-American were last quoted
17 to 4 ; Atlantic Telegraph 8 per cent, preference,
31 to 4: and Telegraph Construction, 21 to 2 din
Hudson's Bay shares were last quoted 151 to
16, being 7s. ld. lower; National Discount, 61
to 71 prem., ..ilowing a reduction of 15s. ; and
General Ottoman, par to lac. The amount et
business in laissadlancous was limited, butt
the few varlitiemi which occurred were unfavour-
able. Royal Mail Steam declined 1!. 10a. ; Ceylon
(A) and Fast India Land, 10s. ; and City Discount
and Natal Land, Si.
Colonial government securities were little
affected by the depressem prevailing in the other
departments of the Stock Exchange. and the only
change was a reduction of 1 per wilt. i!t New
South Wales zo 1:493) and Viet, ria.a.

If IVES.--(TRIS DAY.)

this o'CLocx

There is ar i:.ereased amount a basiness to-aty
in British mining shares, and the tone of the
market is Some of the present quotations
are as fo!..v.s - West Chivertim, 70 to ;
Chiverton. 1:!. to 7 ; Chiverton Moor, 5g to
West Seaton. to 140; Prince of Wales, 535.
to 555. Ea4t to ; Wheal (Iriaiville,
20s. to 225. ; Wheal Basset, 04 tont.; ; Okel Tor,
20s. to 225. ; Crotty, 41 to 5 ; East Basset,
19 to 20; 1;r it Iletallack, 21 to ; Great Vor,
17 to 18 ; am' Tinen;it, 131 to 14.
The Stalin tri,s Court has ordered the Penhale
and Lomax Consolidated Silver Lead Mining Com-
pany (Limi!ed! to be wound up.

RAIL WA YS.-(THIS DAY.)

Ows o'Ciomc.

The rails iv: market is firmer to-day, and a rise
of Ito per has occurred in several of the
leadiugline.4 Ls•iidon and North Western and
Midland are in chief re guest. North British, how-
ever, has declined 1.
Metropolitan stuck is now quoted 113 ii to I ;
Great Western, Ms, to 0; London and North-
Western, 1141 to • Midland, 1104 to I; Iwn-
eashire and forkshire, 120 a to ; Caledonian,
1031 to liai4 ; South Eastern, 641 to OM
Great Eastern, 2G: to 1; Great Northern 111
to 113 • ditto A, 1171 to 118 ; London, Chatham,
Dover. 111 to 16 ; North British, 32 to 33 ;
and Brighton, Gi to 65.
[For to-day's Share List see page 4.]

ALLEGEn FRO: n,.—At the Leeds Assizes, yes-
terday, Broster Kitching, a sharebroker, was indicted for
having fraudulently converted securities entrusted to him
by customers. on the direction of Mr. Justice Lush the
jury acquitted the prisoner. His lordship observed, that
when the shares were lent on a ten per cent. interest the
prisoner did not convert them to his own use without
authority, and that the indictment against him was a pro-
'Deeding inatit.ted to reeJver a debt by criminal process.