The Express.
London, England, 1867-04-16 00:00:00

COMMERCIAL AND MARKETS.

LIVERPOOL COTTON AND CORN MARKETS.
(THIS DAY.)
(BY I'LL/60111PB.)

fraox

envrON.—:Sem;;ketrsiti;rtiuiet, at yesterday's quota.
tions. Sales about 10,000 bales.
CORN. —The market well attended; wheat in good
demand, at 2d. to 3d. per rental advance ; flour, 6d. per
sack dearer, and rather more doing. Beans la. per qr.
dearer. Oats quiet at late rates ; oatmeal Is. 4d. per load
dearer, and in good demand. Indian corn in fair request,
and mixed sells at 435. 9d.

MINCING-LAN E. —(THIS DAY.)
SUGAR.—The market has opened steadily, but quietly,
at last week's currency. For refined fully previous prices
are paid, the supply at market continuing light, but is
about mina] to the demand.
COFFEL—A limited business doing in plantation Ceylon
at precious rates.
TEA.—The public sales of 14,500 packages were com-
menced to-day, and are going off quietly at about last
sale's currency. Privately the business doings extremely
limited-

Rms.—The market is firm, but no sales of importance
artreported.

RA—The market continues quiet.
SALTPETRE. —A small parcel of Bengal sold at 18s. 91
malt for refraction 2.

Corroa.—The =whet is stestly, but the sales are still
limited to small parcels.
June.—About 1,500 bales sold at steady prices.

TALLOW MARKET.—(THIS DAT.)
The market is steady :—Town tallow is quoted 441
Petersburg Y.C. on the spot, 445. :id. to 44e. 6d. • ' April
to June, 445. 31. to 6d. ; June, 445. 6d. ; October to Ds.
camber, 44a. 9d.

SMITHFIELD HAY MARKET.—(THIS DAY.)
Mr. Charles James Easton reports trade at the fol-
lowing prices, viz.:—prime clover, from 100 a. to 110 s. ;
inferior ditto, 80s. to Wis. ; prime second cut clover,
90s. to %is. ; inferior ditto, 50e. to 70e. ; best green hay,
fils. to Pus. ; inferice ditto, 50s. to 70e. ; straw, 40s. to 40e.

A HOLIDAY FOR NEWSVENDERS.

MONEY MARKET.-(THIS DAY.)

OKI O'CLOCK.

The amount of business in the stock markets
to-day is considerable, and the changes in prices
are again favourable. The recent speculators for a
fall have made further considerable purchases to
close their accounts, and an increased number of
bond fide investments are reported. Consols are
unchanged for money, but have improved
per cent, for the account. The advance
in the New Three per Cents. and Three per Cents.
Reduced amounts to j. Some of the foreign
bonds and British railways are / to I better.
London Financial shares, however, have fallen
V. 10s., owing to the announcement of a call of
51. The fortnightly settlement is now in course
of completion.

A large amount of Australian bank acceptances
having just arrived at maturity, there is a fair
demand for money, and the rate for choice paper
is firm, at 22 per cent. The quotation for short
loans in the Stock Exchange is 1 per cent.
Consols are now quoted 91 to 1 for money and
91/ to for the account (May 9), and the Three
per Cents. Reduced and New Three per Cents.,
89} to 2.
Foreign stocks are inquired for, and a rise of
to per cent. liar occurred in Turkish of 15415,
Spanish Passive, the Committee's Certificates, and
Mexican. Turkish of 1865 are quoted 271
to 1 ; Greek, 13 to / ; Spanish Passive, 201
to / ; ditto Certificates, 13/ to 1 ; Italian of 1861,
481 to 49 ; Mexican, In to 163 ; Russian Scrip,
11-to 11 dia., ex div. ; Chilian Scrip, 41 to 41 die. ;
and Danubian Scrip, 6/ to 5i die.
United States 5-20 Bonds are quoted 712 to 72,
ex div. ; Erie Railway shares, 371 to 381, being
per cent. better ; and Illinois Central, 77 to /,
showing a rise of /.
Anglo-American Telegraph shares exhibit a fresh
rise of 2s. Gd., viz., to 181 to 1, but Atlantic Tele-
graph Eight per Cent. Preference are unchanged,
at 4F,, to &.

International Financial shares are quoted
2i to dis. ; London Financial, 24 to 23
dis. ; General Credit, 34 to 21 dia. ; Credit Foncier,
61 to dis. ; National Discount, 7to 1 prem. ;
and Hudson's Bay, 164 to 4.

The directors of the London and Financial As-
sociation hare made a call of 51. per share, of which
21. is payable on the 15th of May, 1/. 103. on the
15th of July, and 1/. 10s. on the 15th of August.

It is notified that the transfer books of the
Egyptian Commercial and Trading Company will
be closed from the 22nd to the 29th inst., " to pre-
pare the warrants for the return of 11. per share,
being the balance of the third call of 3t. per share,
the return of which was authorised by a resolution
of the general meeting of shareholders held 31st
December, 1866."
A telegram was received from Madrid yesterday
affirming that the question of the Queen Victoria
has been "adjusted."
A very good effect was produced yesterday by the
announcement that the London and North Western
Railway directors have abandoned their projected
competitive line to Sheffield, and have come to a
friendly arrangement with the Manchester, She-
field, and Lincolnshire Company. It is to be
hoped that this conciliatory example will have imi-
tators amongst the other great companies.
Money in the Stock Exchange continues so
abundant that I} percent. can scarcely be obtained
for advances from day to day on government
securities.

With reference to the Venezuela Loan of 1864,
the General Credit and Discount Company
(Limited) have given notice, that against the half-
year s interest (at the rate f 3/. per cent.) due on
the Ist inst., apart payment out of the funds in hand
at the rate of 21. 75. 6d. per cent. will be made on
and after Tuesday, the 23rd inst. It is to be feared
that this is the last payment that will be made on
these bonds for some time to come. The course to
be taken by the bondholders, however, is clear—
they must at once appeal to the Foreign-office for
such protection and redress as it can give.
In connection with the fortnightly settlement, the
failure was announced yesterday in the Stock Ex-
change of a broker, but his liabilities are under-
stood to be very limited.
Monday next being Easter Monday, and the day
for the volunteer review at Dover, the Stock
Exchange will be closed, and the attendance in the
City generally is expected to be small.
About 101,0001. in bar gold was sent into the
Bank yesterday, while 1,0001. in American eagles
was withdrawn.

The Red Jacket has arrived from Port Philip with
66,000/. in gold.
The Brighton Railway traffic return shows this
week a decrease of 2,376/. compared with the cor-
responding week of last year, which was the one
following Easter week, and when the company's
receipts were also swelled by the Epsom Spring
races. The South-Eastern return shows a decrease
of 631/. .

A telegram has been received from the agent in
India of the Indian Branch Railway Company
(Limited) announcing that the Lucknow and Cawn-
pore line was to be opened for traffic on the 15th
instant.

The report of the directors of the Telegraph Con-
struction and Maintenance Company (Limited), to
be presented at the general meeting on the 30th
inst., congratulates the proprietors upon the suc-
cessful issue of the Atlantic cable enterprise, and
refers briefly to the completion of other contracts
undertaken, and to negotiations for fresh ones.
With regard to the dividend, the report states as
follows :

After reserving the sum of 10,000/. for maintenance of
the Malta and Alexandria Telegraph there remains a
balance of profit of 122,426/. Oa. 51, from which ie de-
ducted the sum of 13,2131. 12a., the interim dividend of 23
per cent. paid to the proprietors to June 10th, 1866, key.
tag the sum of 109,212/. Bs. sd. for disposal, which the
directors propose to appropriate as follows : —To pay to the
proprietors the balance of interest on capital at 5 per cent.,
15, .%4/. 15e., and a furtherdividend at 5 per cent. perannum,
30,5.1.41. 10.., snaking up 10 per cent. per annum (free a
inoorne.taxi, and out of the balance of ta,418/. 1a sd.
to place to the credit of the reserved fund a sum of
3.1,328/. 19s. 41., which will at once increase that fund to
the maximum amount of 60,0001., mentioned in article 8
of the articles of association ; and to carry 28,0891. 4s. ld.
to next year's profit and loss account. In addition to the
above, there remained to be received at the end of the year
1866, from the Atlantic Telegraph Company, further ordi-
nary stock of that company amounting to 67,0301., which
will augment the balance to be carried forward to next
' year's profit and loss.
Allusion is then made in the following terms to the
arrangement with the Atlantic Telegraph Company :
In January last the directors being unable to obtain an
payment on account of the 100,000/. Atlantic Telegraph
Company's bonds held by this company, a large pert of
which were then overdue, or of a further debt due from
the Atlantic Company of 19,500/., or to effect any Ira
ment respecting those amounts, felt themselves nom
to place an attachment on the property of the A tic
Company ; but the directors are now happy to report that
they have concluded an arrangement, satisfactory to both
companies, for liquidation of the sums due, owing to
which and the steadily increasing revenue yielded by the
Atlantic cables, they have every reason to believe that the
market price of the Atlantic Telegraph Company's stock
will at no very distant date rise to its proper value, and
proportionately increase the amount of the property held
over to next year.
A call of 5/. per share is to be paid as follows :
viz., 3/. on the 6th of May, and 2/. on the 15th of
August. At the extraordinary meeting, of which
notice has been given, an agreement will be sub-
mitted for the purchase of the business, patents,
&c., of Mr. William Hooper, for an issue of new
shares to him as payment, and for his appointment
as a director.
The London, Chatham, and Dover Railway Com-
pany have notified that "the appointment of a
committee of the House of Commons on the bills
affecting this company having been deferred until
after the Easter vacation, and the directors being
still engaged in negotiations with reference to such'