The Express.
London, England, 1866-03-05 00:00:00

1118 DL r.)

oil doom:
Th. funds °satinye heavy, and have experienced
a fresh fall of i per cent. English railways and
financial shares exhibit no variation of importance,

the trausaations being extremely limited. thank
demand, however, for some of the forsiga dada at

. .
better quotation& Greek and Italian of 1861 are
in especial request. Canadian railway securities
are steady, but some of the American have given

The numerous bills falling due on the 4th having
been met, the dismount mulct is decidedly quieter
to-day. The general rate for the best paper, how-
ever, is still 7 per cent., transactions at being
exceptional. Short loans on English government

securities aro obtainable in the Stock Exchange at
6 to 6} per cent.
Consols are now quoted 861 to both for money
and next Thursday's settlement.
The foreign stock market is rather firm to-day.
Greek and Dalian bonds of 1861 are in good

demand, and have risen per cent ; Spanish Certi-
ficates and Mexican have also improved 1. The
quotations am as follows :—Greek, 101 to 17 ;
Mexican, 22 to ; Spanish Passive, 371 fa ;

ditto dertifieates; 161 to ft ; Turkish, 1865, 38
to * ; Braidlian scrip, 1/ to 2 prem. ; Egyptian
scrip, *to I prem. ; and Italian, 1861, 61* to f.
United States 5-20 bonds have declined * per
cent., and Erie and Illinois Central Railway shares
}. The present quotations are as follows :-5-20
Bonds 70* to # ; Erie Railway shares, 54 to * ;
and Illinois Central, 77* to 78*.
International Financial shares us now quoted
it to prem. ; General Credit, 15-16 to 11-16 prem. ;
London Financial, 9} to 2 din ; Imperial Her.
cartile, /to 1 prem.; Credit Foather, 3i
to prem. ; Overend, Gurney, and Company, 41-16
to 3-16 prem. ; and Joint Stock Discount, 7* to 71

The shares of the Imperial Laud Company of
Marseilles are quoted 3i to 3j Fem.

HALT-PAST Tunas o'CLocx.
Consols are again fractionally lower, at 88i to ,
for money, and 861 for the account.
About 16,0001. in gold has been sent into the
Bank. The demand for money there bas diminished.
At Paris this morning the Three per Cent. Rages
opened at 091 r. 80c., being se. lower.
About 8,0001. in gold was purchased by the Bank
on Saturday.
At Hamburg on Friday the rate of discount de-
clined to 34 per cent.
The directors of the China Steamship and Lbws]:
Coal Company have for some time lately been
making experiments, with Um view of testing the
oil-producing properties of their coal. The result,
we are informed, shows that Labium coal is capable
of producing large quantities of both lubricating
and burning oil.
The directors of the Ceylon Company (Limited)
have made a call of 11. 10s. per share on the
25,000 original shares of the company, payable on
3rd April. A further call of 11. 10s. per share on
these shares will be made on the 3rd July next.
The following is from the report of the directors
of the Anglo-lonian Steam Navigation Company
(Limited), to be submitted at the general meeting
on the 14th inst. :
It will be man that the grow profit ca the year amounts
to 6,9691. ea. Bd., spinet 5,0651.145. 9d. in 1864. This
=OM arises partly from a reduction in the price of fuel,
together with greater economy of consumption, and partly
from a reduction in the working expenses; the amount of
freights earned being, within 671., the same as is 1864.
The directors have much pleasure in coagratolatiag the
shareholders on the present state of the company, (entreat-
ing as it does so favourably with Its patties at the MOO
period last year. At that time the company owed 3,M.
borrowed capital ; this ma has been paid off, and themes-
pany is pow not only out of debt. but is enabled to pay •
lonises dlOklowel for the ucar-yees oodiag dl.a llooomloss .4
the rate of 5 per sent. per annum, to place 2,0004 to depre-
ciation fund, and to carry fanned 3971. 2.. id. to the credit
of new profit and Ices amount, whisk the dinettes now
recommend.
An extraordinary general meeting of the Anlo-
Swedish Steel and Iron Company (Limited) is called
for the 13th inst., "to consider, and, if approved,
confirm, the terms of agreement entered into with
the vendors of the properties proposed to be pur-
chased by the company, and which the directors
unanimously recommend for adoption."
The first ordinary general meeting of the Otto-
man Company (Limited) will be held on the 29th
instant.
The annual meeting of the Van Diemen's Land
Company is convened for the 22nd inst.
Subjoined is a comparison of the Bank return
and the price of Consols with those of the 00M-
sponding week of last year :
At present. lime dale lad year.
Bent coin and Meson ISISAS4,II74 /1144101,187
Bank reserve of notes TA46.101
Bate of Osamu; 7 per
sent. .. 4 per "sub
Price of Consols a .. 54
With reference to the general condition of Bri-
tish trade, Travers's Circular remarks as under :
The trade of the United Kingdom for the past year, so
far as the official figures indicate. has been the moat exten-
sive and satisfactory on repaid. At the oommeamment
there were symptoms that it would fall abort of the extra-
ordinary total attained in 1864, but a rapid increase of
activity was observable in the summer and autumn, and
the ultimate aggregate of our exports amounted to
165.862,4021. against 166,449,0531. in the preceding year.
sad this inereaae was evenly diffused throughout all
the leading branches of production, SO that we have
not witnessed amidst 'the general payees' any important
instances of wetland privation- The most metal and
important aspect ie which the present returns can be
viewed, is in contrast with those of 1860, the year
before the oommeneetnent of the civil war in the limited
Bream That year was regarded as an emeedinly mammas
out% and the total of oar execs*, then reached 14,842,8171.
In the following year there was • diminution of 8 per met.,
the total having declined to 125,115,1331., and, is 1862, there
was a slight farther demesne, namely, t 01124,137.8121. But
in 1863, a great rebound took place, the amount thee being
146,4895681., an increase of 18 per cent. Is 1864. although
the American war had attained its &aced height, there was •
further &dune, of nearly 10 per cent, and now we find in 1865
another income of 3e percent. Upon 1860, the total improve-
ment now shoe nis 22 per cent. When we look beck at the
vague and alarming apprehensiote exp mat the first
diminution of the cotton supply, mid suly at the
loss of barium@ with America on acooant of her hostile
tariff, and finally at the probability of great monetary dis-
turbances from the effects of the sudden collapse of the
Confederate States and the close of the straggle, we see
how trisect were the views of those who from the first an-
nounced their conviction that our commerce, owing to the
way in which, through our free system, it has been diffused
all over the world, has now attained • =gaited' and uni-
versality that render it totally independent of all partial
convulsion, even when they take place is the most popu-
lous and powerful lattices. The moment the balance is
disturbed through one region it is adjusted by increased
action in another. The same thing was witnessed daring
and after the Crimean war, when the test pert of the trade
we had previously osrried on with Russia was transferred
to India, and an impulse was given to some of the chief
staple productioss of the latter *wintry which has sever
sines been lost. The imam conveyed is that a nation that
steadily pursues the policy of reeking nothing but free and
beneficent idea:hairs with the industry of ail races of
mankind may pursue its course with • certainty that what-
ever may happen through the Testimonies, folly, or eevy of
other power', the dual result will simply be to extend her
influence and her comparative prosperity.
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