The Express.
London, England, 1866-05-16 00:00:00

PROVINCIAL SHARE MARKETS.

LrvgaPool., MAY 15 --Sales today:—Great Northern, 121—
London and North Western, 1191 I—Manchester, Sheffield,
and Lincoln. 61 4—Midland, 123—Birkenhead, 86—Buffalo and
Lake Huron, 4 9-16 4 } 9-16 1 7-16 c 9-16--Grand Trunk of
Canada, 20c je 21—Great Western of Canada, 151 3-16—Erie,
45 1 } —lllinois Central, 761—United States Five-Twenty Bonds,
6.5}c Sc 5} 5c 51—Luxembourg shares, 12 13-16 1 13.16--Sambre
and Meuse, 71.—Spanish Passives. 221—Alliance Bank, London
and Liverpool 'Limited , 5 d.—Bank of Liverpool. 291—Liver-
pool Finance Association Limited 11(1—Mercantile and Ex-
change Bank !limited Die d.—National Bank of Liverpool
•Limited , 3} p—Maritime Insursoce ,Limited , 1 (I.—Mercan-
tile Marine Limited , 15-16 d.—Queen Insurance, 1 p —Atlan-
tic Telegraph light per Cent., 21c—National Steam ,Limited),
81 1 4.—Pacific Steam, 85.
MANCIINSTIR, MAT 16.—A pretty fair business was done, and
prices were generally firmer. Buffalo and Lake Huron, 41—Con-
solidated Bank Limited., 5 p.—Eries, 45 Sc I—Great Eastern,
3cl }—Great Luxembourg, 12/ 13-16 n I—Great Northern, 1201—
Ditto A, 134 1 I—Great Western of Canada, 15 3-16—Great
Western. 55i 1 s—Lancashire and Yorkshire. 1211 I—London
and North Western, 120 191 I—Manchester, Sheffield, and Lin-
Win, 611 1 111 } 1 I—Metropolitan.1—Metropolitan. 1281 11 8 I—Mid-
land, 1221—North British, 56 —Overend, Gurney, and Co.
(Limited?, 141 d. Routh Eastern, 721 }—Thames and Mersey
Marine Insurance Limited', 5 3.16 y —United States 6.20 Years'
Bonds, 6.5. 5 Credit Fonder, 31 d 4}d 41 d. —Fire Assurance,
1 p. cum Mr.
BIRMINGHAM, MAT 15. 13uAinem done:—London and North
Western Railway at 1201—Great Western Redeemable 5 per
cent.. at 93—Birmingham agon Preference 6 per cent. at is
—Railway Carriage Limited', :Oldbury , at 2 prem.—and ditto
New, at 11 prem. Closing prices: Birmingham, Wolverhampton,
and Stour 1. alley Railway, 101, sellers—Midland. Birenbsgbam, and
Derby Railway, 92, buyers—South Eastern Railway, 72, buyers—
South Staffordshire Railway, 831, buyers—Land Mortgage Bank
of ladle (Limited , yy dli., bu ers—and Metropolitan Railway
Carriage and Wagon Company 91 to 91 per share.
Dmium, MAT 14.—New Three pee Cent. Stock, 84} 11—
Ditto, for new account, 6th June, 841 India Five per Cent. Stock
(transferable at the Bank of Ireland„ 103—Bank of Ireland
(ElOO Paid_ 2244—Hibernian Banking Company (E. 9.5 paid: 36}—
National Bank paid , 72—National of Liverpool ,LiMitedl,
',LW paid) 141 15—Ditto, for account, 15141—Royal Bank 'tlo
paid', 321 Union Bank ;Limited) .£22 paid', for account. 161—
Dublin and Belfast Junction 4100 paid), 70—Great Southern
and Western (ClOO paid`, 90—Dublin. Wicklow, and Wexford.
5 per cent, (1860) redeem. 1868 (all pale!), 48.

MONEY MAREET.--(THIS DAY.)

Ors o'Ciocz.

The stock and share markets are quiet to-day,
with few transactions. There is a demand, however,
for the funds, which have risen f, to per cent.
The variations in British railways arennimportant,
not exceeding Ito # per cent. lus regard foreign
bonds, there is an inquiry for Italian of 1861,
which show an advance of 1 per cent. An im-
provement is also observable in Credit Foncier
and General Credit shares, but Overend, Gurney,
and Co. and some of the bank shares have
experienced an important reduction. The
attendance of members is larger than usual on a
Derby Day, but many of them are expected to
leave the establishment at about 1 o'clock, in time
to reach Epsom to witness the great race.

In the general discount market the disposition
is still to take bills only of the very best
description, and for these the rates in many
cases are above those current at the Bank of
England. The demand at that establishment con-
sequently continues heavy. The charge in the
Stock Exchange for short advances on English
government securities is 8 to 9 per cent.

Consols are now quoted Btii to 87, with div., for
money, and 8611 to I, ex div., for the account
(June 6).

The amount of business in foreign stocks is
small, yet the tendency of prices is rather firm.
Italian Bonds of 1861 have improved 1 per cent. ;
Greek, 4 ; and Turkish of 1866 and
Spanish Certificates, }. Turkish Bonds of 1862
are now quoted 60 to 62 ; ditto of 1865, 30
to 4 ; Greek, 1011 to 114 ; Spanish Passive, 221 to
; ditto Certificates, 154 to 16 ; Italian of 1861,
3810 to 391 ; Brazilian scrip, 8 to 6 dis. ; and
Mexican, 164 to 17.
__ - _

United States 5-20 Bonds have improved per
cent.% Erie Railway shares, ; and Illinois Central,
The present quotations are as follows :-
5-20 Bonds, 65 to 66 ; Erie Railway shares, 45 to
46 ; and Illinois Central, 77 to 78.

International Financial shares are now quoted
11 to 1 dia. ; London Financial, 17 to 15 dis.
General Credit, ail to 31 die. ; Imperial Mercantile,
10 to si die. ; Credit Foncier, 4?. to die. ; Overend,
Gurney, and Co., 18 to 17 die. ; and National
Discount, 6l to 74i prem.

Some anxiety is evinced to learn the nature of the
Bank return which will be made up this evening. In
truth, however, anxiety on this point is quite out
of place, now that we know that the reserve of the
Bank of England is no longer the measure of the
capability of that establishment to meet the wants
of the commercial community. Over and
above the Bank's reserve there is, as the
Treasury Letter lately issued assures us,
an unlimited fund of credit upon which the
public may draw, and an unlimited supply of notes
to be had upon good securities for the asking.
The state of the Bank's reserve, though of course
invested with a certain interest, is of no real impor-
tance whatever, except for those sticklers for a
currency crotchet who, if they could have had
their way, would have witnessed calmly the stran-
gling of our commerce, in order that the Bank Act
might be preserved inviolate. The recovery from
the panic would have been more rapid were it not
for the recollection that the Treasury Letter, while
fixing 10 per cent. as the minimum rate of dis-
count, reserved to government the right to
recommend, if deemed desirable, the imposition
of a still higher rate. This injudicious
interference on the part of government with finan-
cial affairs tends to keep distrust alive.
Business in the Stock Exchange yesterday con-
sisted almost exclusively of the settlement of the
account, which was more onerous than has been
known for a long time past, in consequence of the
panic, and of the large supplies of stock that have
been sold here on continental account through
fear of war. There has consequently been a severe
pull on the resources of the Stock Exchange, and
it is highly creditable to that establishment that,
with the exception of two or three comparatively
unimportant failures, due chiefly to default on the
part of principals outside, the whole of these en-
gagements have been met with punctuality. An
extraordinarily large suni was passed yesterday at
the clearing-house without a single irregularity.
Owing to the indisposition to buy hills on the
continent, in the present state of mercantile credit,
the exportation of gold thither continues, a fresh
sum of 73,0001. in bars having been withdrawn
from the Bank yesterday. It is probable, however,
that the feeling of caution will operate in a similar
way abroad, and that, in lieu of bills, remittances
of gold will be made to this side from some foreign
countries, especially Americo.
_ .

, .
The bar silver by the West India packet was
sold yesterday at ss. lid. per ounce, showing a
fresh rise of id. since Monday. The advance is
owing to the demand for the continent.
The foreign exchanges were dull yesterday.
' The failure is announced of Messrs. Hallett,
Ommanney, and Co., the private bankers and
navy agents, of Great George-street, Westminster.
The liabilities range from 250,0001. to 300,0001.,
but it will be seen by reference to the subjoined
circular, which has been sent to the creditors, that
the partners expect an early realisation of assets
sufficient to pay a satisfactory dividend. The
house has existed in its present form about five
years, but the partners, or their relatives, pre-
viously carried on the same description of business
for a long period. The firm has lately been iden-
tified with several speculative companies. Its
stoppage will be severely felt by many half-pay
officers, who are depositors in the bank :
14, Great George-street, Westminster, S.W.,
15th May, 1866.
It is our painful duty to inform you that, owing to
the crisis in the money market having caused a run on our
house, and having failed to procure advsniea on our
securities, or obtain the slightest temporary assist-
ance, we have deemed it necessary to suspend
our payments. This step has been taken with
a view to protect as far as possible the interests
of our friends, on whose forbearance we confidently rely.
Our books have been placed in the han-ls of Messrs. Cole-
man, Turquand, Youngs, and Co. and we have every
reason to expect an early realisation of our assets,
sufficient to pay a satisfactory dividend.—We are, yours
truly, HALLETT, OMMANNET, ANT) CO.
The London Joint Stock Bank refused yesterday
to accept the drafts drawn upon them by the Com-
mercial Bank Corporation of India and the East,
which were referred to the head offices of the latter
bank in London. This undertaking was esta-
blished, under another title, in 1845, and has a
capital of one million sterling, all paid up. There
are 40,000 shares of 251. each, and nine branches
and agencies. The last dividend declared was at
the rate of 14 per cent. per annum. It will be
remembered that the report issued by this com-
pany on the 15th of April announced very large
losses through the mismanagement of their agents
in the East, and that this report was not adopted at
the meeting of the shareholders held on the 25th of
that month, but was referred back to the directors,
in order that additional information might be
afforded respecting the losses of the bank. Another
meeting was then fixed to take place at the end of
the present month.
A meeting of creditors of Mr. W. Shrimpton,
contractor, who lately failed, was held at Mr.
Moates' offices, 5, Lothbury, yesterday morning.
The liabilities amount to 220,6561. ss. Ild., while
the assets and securities—the latter taken at their
nominal value—were put at 387,0701. 18a. sd.
From the nature of these securities, and the hope-
less position of the creditors, unless arrangements
can be made for completing the NoNorthampton and
Banbury line, the meeting passed resolution ap-

pointing a committee of creditors, who are to report
to an adjourned meeting at the end of three weeks.
The moderate personal expenses of Mr. Ethrimpton
were referred to with approval.
The third ordinary general meeting of the share-
holders of the London and Venezuela Bank
(Limited) was held yesterday, when a dividend of
Bs. 9d. per share, being at the increased rata of 7
per cent. per annum, was declared, and a balance
of 2191. 12s. 9d. carried to profit and loss new ac-
count. It was mentioned that the issue of notes
has increased 47 per cent. as compared with the
amount stated at the last half-yearly meeting, whilu
the increase in the profits represents 40 per cent.
The expenses of management are about 6,6001. on
a floating business of upwards of a quarter of a
million. In reply to a question, the chairman,
Mr. H. A. Hankey, said he has not the slightest idea
that any call will be required. The directors have
voluntarily determined to increase their qualifica-
tion from thirty to eighty shares, and, the meeting
being made special, a resolution to this effect was
duly passed.
The Metropolitan Railway traffic return shows
this week an increase of 1,321/. over last year.
A fourth call of 21. 10s. is to be paid on the
shares of the Mills-all Freehold Land and Docks
Company by the sth June.
The dividends due the Ist of Juno on the Brazi-
lian 41 per cent. loans of 1852, 1858, and 1860, are
announced for payment by Messrs. Rothschild.
We are requested to state that the offices of
Reuter's Telegram Company (Limited) have been
removed to 5, Lothbury, at the corner of Moor-
gate-street, and will be open day and night.
A general meeting of shareholdersin the Brazilian
and Portuguese Bank (Limited) is called for the
30th inst.

The annual meeting of the Trust and Lan
Company of Upper Canada will be held on the 31st
instant.

Subjoined are the quotations of insurance, gas,
dock, and other shares, as given in the Stock Ex-
change list of last evening :
Insurance.—lmperial Fire, 352; Imperial Life, 21,;
London and Provincial Marine, 24 ; Ocean Marine, 19e, 21 ;
Royal Exchange, 29G.
Gaslight and Coke.—European, new, si ; Great Central,
124 ; Imperial Continental, 944 ; London, 684, ; Phomix,
264, ; Surrey Comm:tiers, 14, 133 ; ditto new, 6 ; West-
minster Chartered, 64i, 51.
Docks.—London and St. Katharine, 71.
Waterworkii.—Berlin, 94, 9 ; Chelsea, ; East London,
196 ; Grand Junction, 76i, 9.

TUESDAY ETENIIIO.

Consols, which closed yesterday at 854 to 1, es
div., for the 6th of Juno, opened and closed to-day
at the manic quotation. For money the last price
was 86; to 1, with div. The official business report
is as follows :—Three per Cent. Consols, for
money, 861, s, , tr, 1, il, ; ditto, for aecomit,
85k, 1, ; Three per Cents. Reduced, 84k, i ; New
Three per Cent.i., 841 c, 5,4?, 4 ; Annuities, 1885,
13 ; Bank Stock, 243 ; India Five per Cent. Stock,
1041, p, 1 ; ditto Five per Cent. "enlaced" rupee
paper, 1004 ; ditto Four per Cent. Bonds, 10s. die.
In the foreign stock market there was a de-
mand for Spanish New Deferred, Turkish Bonds of
1854 and 1858, 'and Russian of 1862, which rose 1
per cent. Mexican (old) also improved and
Spanish Passive;. On the other hand, Italian of
1861, and Mexican of 1864, declined 1 per cent.,
and Spanish Certificates 1. The transactions gene-
rally were limited, owing to the settlement.

MINES.-(THIS DAY.)

ONE o'CtorK.

There is almost an entire absence of business iu
the mining ;musket, and prices in most eases are
nominal. Chivertnn Moor, Clifford Amalgamated,
East Caradom and Great Vor shares have b,en
dealt in to a very slight extent, at about yester-
day's quotati ms.