The Express.
London, England, 1866-10-17 00:00:00

( EXPRICRisi. MADIIESIM.T. EVENING, ocroßra 'l7, 1964:

LATEST SPORTING LNTEMIGENCE

um Kamm TILIKIWIL)
HARROW MEETING.-(THIS DAY.)

LICENSED VICTUA! TPRS' PLATE. Half • mile.
Lydia, Set 121 b ; British Tar, Set 91b ; Alpr Bet 71b;
Hopp a{, See Ilb ; Mute., Set 51b ; Valeria, Set ; Bay-
les!, Tat 121 b ; Medallion, 7st 12Ib ; Aurora, Tat 1011) ;
Romaine c, 7st 41b ; Kinghorn,7et ; Klburg,6st 101 b ; Fair
Lady, Sat ne ; and Novelty, Set 41b. All are here.

JUVENILE STAMM. Halt a mile.
Mimnlua, Freckle t, Vicious, CumberLuid, Bonne For-
tune, Vigour, and Cromwell are here.

SELLING HANDICAP. Two mild and a half.
Teddy, 19d ; Oomit 11st Tlb ; Serious Case, lld 7111 ;
Rochester, list 41b; Sanoebox, ; Polly, 1(t 91b;
Sporting Irishman, 10st TM .A.ll are here.

HANDICAP SELLING STAKES. Five furlongs.
La Mute, &ft 121 b ; Jessie Set 91b ; Mystery, fat 21b ;
Glowworm, est 21b ; Polly, Tat 121 b ; Star Cross. 7st 10lb ;
Rosalie* e, 7st 10th ; Kinghorn, 7st 41b ; Silvertail, Tat
2lb ; Mimulus, fki nb ; Florican, Cat 71b ; Bonne Fortune,
6at 41b ; Milo, Set 41b. All are here.
MIDDLESEX OPEN STEEPLECHASE. Three miles.
Bogus, Sir William, Oscar, and Sir Stephen are here.

CHARTERED BANK OF INDIA, CHINA, AND
AUSTRALIA.-(THIS DAY.)

A meeting of the shareholders was held at 1
o'clock at the London Tavern, Mr. Manse.[. M.P., in the
chair, for the declaration of an interim dividend for the
half-year ending 30th June last.
The CHAtilltAN said the directors had already notified
that they were prepared to recommend a dividend, but it
would be restricted to 5 per emit. per annum.
Since the last meeting the eastern trade had
undergone fresh and serious viciadtudes, but from
all that they could see the board were of opinion
that things bad taken a decided turn for the better. The
ruin which had overhung India had been realised, especi-
ally in Bombay, where, as he said on the last occa-
sion, • state of things had existed resembling
that at the time of the South Sea Bubble. There
was no reason to suppose that they would be
great sufferers by the failure of the Asiatic Bank. Since
the last meeting there had been three great bank failures
—the Agra, the Commercial, and the Asiatic ; and a pretty
clean sweep bad been made of financial companies. They
held some securities of the Agra Bank, but he did not an-
ticipate any Ices. The profits of the half-year, after allow-
ing for bad debts, amounted to 60,001., being at
the rate of 15 per cent. per annum—(cheers)--and
I the board felt fully justified in recommending a divi-
dend at the rate of 5 per cent. 20,0001. would be thus
absorbed, and the balance was left to provide for bad debts
incurred before and since. Considering the largeness of
the business done, no Eastern bank had incurred
a smaller Ices. The branches had all been en-
abled to meet their engagements, owing pertly to pru-
dent foresight, and partly, also, to good management.
(Cheers.) They had now only three or four hulk-
ing competitors left, and though new ones might
be started, be thought that would be some time
after the ruin of so many old banks. As re-
garded the panic, he wee happy to say that not
more than 5 per cent. of the shares-2,000 out of 40,000
—were transferred. He concluded by moving the declar-
ation of a dividend at the rate of 5 per cent, per annum,
panels on the 24th instant.
Mr. MACICAUGHTEIN seconded the resolution, which was
adopted unanimously, and the meeting terminated with
a vote of thanks to the chairman and his colleagues.

• SHAM LIEWB.-(nue Dan

Ora o'CLocrg.

The railway market is dull to-day, with fewer
transactions. Great Western, Midland, and Lon-
don, Chatham, and Dover stocks are offered for
sale, and have declined to per cent. Metro-
politan is also flat. On the other hand, Great
Northern A is in request, and has improved }.
Metropolitan stock is now quoted 124 to ;
Great Western, 531 to ; London and North
Western, 1181 to if ; Midland, 122 to ;
Lancashire and Yorkahire, 12411 to f • &nth
Eastern, 661 to ; Great Northern, net.° /17 ;
ditto A, 1271 to 128} ; London, Chatham, and
Dover, 181 to 19i ; Great Eastern, 24 to 94 ;
North British, 37i to 38,1, ex all ; and Caledonian,
123 to 124.
Indian railway securities are inquired for, and
firm. Foreign lines are quiet, with little busmesa
Lombardo-Venetian shares are quoted 16} to f.
ORDINARY MARDI AND STOCK&
U. I Pd. I RAILWAYS clor k
kwela I as dall
1 Y. to IP•20-

leagoteau ......
leer! sad Beaton ....

81 89
118 114
48 MI
U 18
4 I
OS II
7• 71
70 188

Zienwall
iftblo an d Bopltmy

iDundse,PartivtAbill
Isst Loudon ealp Oprt.

Do
Glaarowoadd Waders
east Ogee Drd„flll

111 129
Uk lei
I 4

IT
Ell 100
10
VC 111
IC. an
110

100
10G
an
100
100

100
1100
100
6
100
400

o%ooo'
10,0001,

40300'.

100,000
aro,no 1
mow

11,900

eo;000

it 660`.

i;bou

to,oooi
to,
novooo'
o'
10,000'
so,sool
6couo,

to",000j
60,000,
10,000(
10,000
75,1500,.

io,000:

/1111aatietet. Lammas'
Mein. Bsa::.&e. In. n6p.e.

1-1-1
IBadak. & Lake Huta&

Do. Preference

Inff.,BrantAkOoderlets
e per eent.111724-4
Taaternsp.
Cape T. I Dock .11:u.
Thinerees,e.ge
LP Be nTro.7.
But Ind in. 5 d 0...
Gran/ Trunk of Canada
Do. Equip. 11.11.
Do. las pref. Bonds
Do. Astarrja

Do sud-ii•L-IF011ai:
Do. do. deterred
Do. Std prof. Stock..
Do. do. deferred
Do. 4th pea Stock..
Do. do. deterred
ierost Indian Pottinsuls

Do. 'OIL 6 per cent.
Do. New do
Do. New
Ot. S. ofluda g. p. et

1..-Do. 41 per act ....
o.
AL Western of Gandal

SO SS
Ut mi

if
19}
to
'in
8
as

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o•
10e 14
16 90

==. Poi

1
fib
at it Pali

Do. New
Do.tn.Bds.pay.lB7s
Do. do. do. 1877-a
Indian cia(Lhnited)
Madras mum 5 P. coat
Do. do. 41 do
Do. do. 1.6 do
Do. FM latendon
11e1b. Corp. 6per c. Bd.
Meta end Hobson's Bay
Do. 6 p. at., pay.lBBo
Do. I p. et. pay. 1866
N.& of Cen.6p c.letp.B.
Bclnle. vs. 5 percent.
Do. Deinl do.
Do. do. do.
Do. Punjanb do
Do. Ind= 85. plot. do.

_ .
60,000. SO
10,000.100
40,000 101
40,000' if
130,0001 10
10,0001 60
110.0001 60
60,000 SO
116.0001. 30
10,000 25
10,000 SO
103101 60
46,000! 60
60,000 100
9%000100
101,600 j 31
111,0001 16

88 40 x 611'
16 20 z all,
lal 106

K 47
99 101

ss ss
9 10 pen
191 116
1 Om
••
TS 74
114 116
160 UM

0 St
OS ff

9 9
le 190
I $9-

{IONS

le be
)0 101
ids p.,
4
Ti 4

Bey ii" IS

1166 16 17;

643 k

6,000; 25
100,0001 20
6000001 100
WOO 60
15000,1611
12,000 $0
6,0001100
10,0001 55
10,0001 25
50,000 20
17,600 60
71,000 50
25,000 10
10.00011420

60,17,00011100
10A00:100

6.000 lee
60.0001 SO
17,150 100

a:000 too
to,oool a
takooo too
10,600.100
22.0621 2°

MI 4
191181 19i 181
1181 I
2s

104
102
103}
19
8,3 xd
69 Id!

60 66

38 40

L 5 *5

96
91

Ica
m
100

ii;i4

14 I

121 V,l
13 x 4

iii zd
1 Of
101

ltti I

....
69
100 1
es
B!
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ss
1
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81i 8 z all
1041

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191

II II dls -
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11 9 dis
I 6?. -
I 3
63 06 63
11 Is xd,

11/0
6 3 clis
10 10 die
19 •1
6 8p99
99 10 dia
I 1 the
St las
44 48

19 20
114 30
14 10
$7 SD

I 1121
,-.
II :w
2 1
6 2Us

191,081 8C
60N310
619,00588
518,000 at.
680,000 PA.
19281:11 81
811,00 88
860.710 88
81.

12,411

17 18
1a 11 dm
16 13 dls
26 24 61s
3 6 pes
11 01414
VI 14
3 161*
21 1164
22 83
9 7db
19 3 dis
11 leis
7 9pm
2 3pm
1 2pm
t 1 al
61 a
41 a
12 14
I 3 416
8 6 as
22 114
14 17
9 8 at.
9 7as
11 9as
1 241*
1 2pm
1 11 pm

468
4346
141? .Psti

41 -

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2i 2 I

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ase

91

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79 Si
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If.
V 29

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46 48 I

4411

47

il 6. all
63 66

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I rd I

Gt. Zeta 4 p.c. Mar.aSei 100
G. Nthn.4 p.a. Jan.& J .100
(I.Wst&—w. M.-ox., I
p. et., Jaa. & July .... 100
Lane.&Yk.4p.e.Jan.&JW:loo
Lan. Brigh.4p.e.Jan.tfly 100
L&N.W.4p.e.Jaa& July 100
De. Sip.e. Jim& July 100
L&S.W.4p.a. Jan.& July 100
gldland.4p.e.Jaa.alaly,loo
N. Britiab, I. P. & D.N.
5 p. ct., lab. & , 100
N.Earn..4p.e.lan.&July 100
Bent.N.L.4p.a.Ap.lo4l. 100

75 110

M el
112 ft

91 ft

K 94
II

fa lit

001.01rLia 00'

0,080 DrallitOolaa. Op. otagra
0.1100 Do. IESS
Can. Gov. 6 p. e.,187766.
Do. 6porel,lrobatAls.
7" Do. 6porctalar a
11,666 Do. 6per et Jaa.W
WSW Do. Spey ct. los
D 0,003 Depootal Rapidest.
o.cloalae-

Do. do. 1888040
M.OOO D0..69.e. do. 1890-91
10,000 oftylon,liov. /80 B,B7ket
MO. Do. 187& do..
90,000 Do. 1872 d 0...

:iiii miur—ithis siiiet.T. sii
,000 Do. 1878
,000 Do. 1881
,4100 Do. 18/6
ON NMI. Gov. Spey csna..
,1106 New Brusiemearst.
.1100 New lloalt Wales lam..

• I p. act. 1371 to 1676
11,800 Do. 6p. 0.1888 to 18811
10,000 New &Wand 6per cent.
10,000 Do. 6per cent
10,000 Nova Scotia ap. e.. 1876
14,100 Quensland Om 6p. at
LAust.Gov. 6 p. c.,67-77
61,600 Do. 1878 and upwda.
36,0001610.G0v.6p. e. Jam. July
00,000 Do. Op. en Apill&On.

a

No. I ob. I

fs N
ft 01
90 92
76 II
16 17
102 106
100 103 zd
100 102 zd
102 106
1154 871
IN Mt
106 107
106 106
166 106
100 106
196 107
103 106
06 90 zd
_ _

91 IS
Me 269
94 96
18 80
96 96
19 91

106 101
102; 101 k

lONS.

-A- T
86 89
96 99

SG 92
12 12i

SO N

111 131
94 06
la 9
U 16
21 9
111 121
6 6
111 121

- x 4

-.
911

103}

CI plass. 1 &lea

%065,0114 94. last sad Welt ladle tlOO i 199 lal
1%000, 10 eral Floating Doak 5 1
57%110 St. London &fit tither % 800 07 80 071
1,001,509100 Do. Deb. St 4p. mat. all
790,g St. ,Bouthampton 900
187, lit. ilurrey Commercial lOO •

mow MARKET.-(THIS. DAY.)

ori &Owes.
There is very little business in the Stock Ex-
change to-day, and the tone of the various depart-
ments is dull. A disposition is shown by the usual
operators to await the result this afternoon of the 1
tenders for the government bills on India, as well
as the meeting to-morrow of the bank directots,
before entering into fresh transactions. It is
believed that the applications for the bills will be far

in excess of the total to be allotted, and that in this

case,the demand for silver for the East will revive.
It must be borne in mind, however, that over one
million sterling hi gold is now on the way to this
country, chiefly from Australia. Consols are in-
quired for, and have improved per cent.
for money. The settlement having been completed.

the purchasers of English railway stocks by recent
" bear" speculators have ceased for the moment,

and prices have consequently given way. Some of
the foreign bonds are also lower. Banking and
financial shares are still neglected.
The demand for money to-day is very moderate,
and the supply large. Some bills are kept back on
the prospect of a reduction in the Bank rate to-
morrow to 4 per cent., but if the movement takes
place it is probable that the charge in the general
market will not be lower than at present, viz., 31
to 4 per cent.

Consols are quoted 891 to 1 for money, and
891 to 1 for the account (Nov. 8).
Foreign stocks are dull, but the move-
ment in the speculative descriptions is
confined to a reduction of 1 per cent. in
Turkish Bonds of 1865 and Mexican. Turkish
Bonds of 1862 are quoted 55 to 56 ; ditto, 1865,
29 to 1 ; Greek, 131 to 14 ; Spanish Passive,
211 to 1 ; ditto Certificates, 131 to 141 ; Italian of
1861, 541 to 55 ; Mexican, 151 to 1.
American securities show no change. 5-20 Bonds
are quoted 68 to 1, ex div. ; Erie Railway shares,
481 to 491 ; and Illinois Central, 781 to 79.
Anglo-American Telegraph shares are 2s. 6d.
lower, at 151 to 1 ; and Atlantic Telegraph are
flat, at 41 to 5.
International Financial shares are quoted 11
to 11 die. ; London Financial, 161 to 151 dis. ;
General Credit, 21 to 21 dig. ; Credit Foncier,
41 to 43 die. ; National Viscount, 81 to 9 prem. ;
and Hudson's Bay, 161 to 17.
At Paris this morning the Three per Cent.
Renter opened at 68fr. 80c., showing no variation
of importance.
The Court of Directors of the Royal Mail
Steam-packet Company have decided this day
to recommend to the proprietors, at the
meeting to be held on the Slat instant,
a payment for the half-year ended 30th June last
of 31. per share out of the ordinary profits, and a
bonus of 21. per share from the Insurance Fund,
both free of income tax..
It would seem that there is ground to anti-
cipate some improvement in foreign stocks as
soon as a mitigation of the present undis-
criminating distrust shall have arisen. The pre-
, valence of a great war on the Continent, and
uncertainty as to how far it might spread, formed
undoubtedly good and valid reasons for avoiding
foreign investments ; but, now that peace once more
reigns, those securities which were depreciated by
the war may naturally be expected to show a partial,
if gradual, reaction.
Messrs. Baring Brothers and Co. have just
issued the annexed prospectus of a Massachusetts
state loan for 413,3001., in sterling Five per Cent.
Bonds :
Messrs. Baring Brothers and Co. are ready to receive
applications until 2 o'clock p.m. on Saturday, the 20th
inst., for 413,3001., in bonds of 1001. each of the state of
Massachusetts, bearing interest from let November, 1866,
at the rate of 5 per cent. per annum, payable by half-yearly
dividend warrants-on lit May and Ist November of each
year. The principal is redeemable on lit May, 1894, and
both principal and interest are domiciliated at the count-
ing-house of Mean. Baring Brothers and Co., and are
also payable, free of charge, at the current rate of exchange
in Amsterdam at the office of Messrs. Hope and Co. This
amount of 413,3001. constitutes the remainder issued to
the present time of the loan called the " Bounty Fund,"
crested in conformity with the act, of the state of Mar
sachunetta of 1864 and 1865 for ten millions of dollars,
except a sum of 1,420,000 doles, or about =1,300/., still
reserved by the 'We authorities. The state of Massachu-
setts az;iges from resources in its possession an accumulat-
ing sin fund of 3 per cent. per annum on the amount
of the ' Bounty Fund," for the extinction of the
10,000,000 dole. loan on Ist May, 1894. The payments for
the above-mentioned bonds are to be made as follows,
via.:-15 per cent on let November, 1866 ; 15 per cent.
on Bth January, 1867 ; 15 per cent. on sth February, 1167 ;
15 per cent. on 12th March, 18b7. 17 per cent. on 16th
April, 1867—total, 77 per cent. Subscribers may pay up
the remaining instalments under discount at the rate of
5 per cent per annum.—Bishopagate-etreet, 15th October,
1866.

The foreign exchanges yesterday afternoon were
firm. The rates for bills on Belgium were slightly
more favourable for this country. The usual list is
subjoined :
Amsterdam, 3 months, 11.191 to 12.0 ; ditto, short,
11.16 to 11.17 ; Rotterdam, 3 morths, 11.191 to 12.0 ;
Antweip, 3 morths, 25.50 to 25.55; Brussels l months,
25.50 to 25.55; Hamburg and Altona, 3 months, 13.81 to
19.9 ; Berlin, Cologne, he. 3 months, 6.26 to 6.27;
St. Petersburg, 3 months, 291 to 29f ; Paris short, 25.22 i
to 25.30 ; ditto, 3 months, 25.40 to 25.50% Marseilles,
3 months, 25.40 to 25.50 ; Frank/ort-on-the-Maine,
3 months, 1191 to 120 ; Vienna, 3 months, 13.15 to
Im3.?ntii. s,PPieltote47l3; Samcmntanthlterl,33.lsonths,l:447.2l°W; 4Msdrid7l; Cadiz' 3
3 months, 45 to 471 ; Seville, 3 months, 48 to 47f :Malaga,
3 months, 48 to 471; Valencia, 3 months, 48 to
471 Bar-
oelona, 3 months, 481 to 484 ; Babas, 3 months, 471 to
471 ; Saragossa, 3 months, 47f to 471 ; Leghorn, 3
months, 27.0 to 27.20; Genoa, 3 months, 27.0 to
27.20 ; Naples, 3 months, 27.0 to 27.20 ; Palermo, 3
months, 27.0 to 27.20 ; Messina 3 months, 27.0 to
27.20; Lisbon, 90 days date, 51f to' 511 ; Oporto, 90 days
date, 512 to 518.
The practices adopted by professional speculator.s
for a fall, in order to depress the prices of securi-
ties, have for some time past been of a most varied
character, and give evidence of a degree of inge-
nuity and perseverance which, in a better cause,
would be highly laudable. Latterly they have hit
upon the new system of going round amongst
bankers and capitalists, asking large loans on cer-
tain railway securities, as though they were acting
on behalf of the issuing companies. From the
liberal and sometimes excessive character of the
terms offered, the bankers are led to infer
that the companies in question must be
in a very straitened position, and accordingly
they caution their customers to avoid altogether
those securities. The result is that, as the con-
spirators in the matter take care to give the greatest
possible publicity to every adverse point, instances
have occurred in which bona fide holders have been
induced to sacrifice their property with a view to
escape apparently imminent disaster. In some
cases pains have been taken to tart the genuine.
ness of the transactions thus proffered, and it has
been found that serious business is the last thing
thought of by these plotters.
The Metropolitan Railway traffic return shows
this week an increase of 1,351/. over the corre-
sponding period of 1865, and the Glasgow and
South Western an increase of 133 i.
At a meeting of the shareholders of the General
Estates Company (Limited) on Monday last, reso-
lutions were passed for the voluntary. winding-up
of the undertaking under the supervision of the
Court of Chancery, and appointing as liquidators
the chairman of the board of directors and Mr.
A. A. James, of the firm of Edwards, James, and
Co., the accountants.
At an extraordinary meeting of the shareholders
of the City and County Assurance Company
(Limited), held yesterday, the shareholders una-
nimousl7 confirmed the preliminary agreement
entered into by the directors for the amalgamat:on
of the business with that of the Empire Assurance
Corporation (Limited).

3'

A call 31. is to be paid on the shares of the
Bank of Hindustan, China, and Japan (Limited)
by the 7th November.
The annexed memorandum relates to the Madras
Irrigation and Canal Company :
A supplementary contract has just been 'resented be-
tween the Secretary of State for India and the
Irrigation and Canal Company, by whale the former '
Weed to lend to the bitter funds se they may be re-
quired, up to a total of 600,0001., for the pnrpcoe of Km-
pleting a section of the undertaking, and the works are
now to be prosecuted with the ularairt v‘onr.
az22.en=
•
cipal of the loan in queet:on is to be seem•W by
payable in five years from the date of each advance, but
the interest is to remain a charge upon, and to be paid
out of meets when realised from she works.' The new
contact thus completed, distinctly and podthely provides
that the guarantee upon the present ohm es of the teen-
teeny rep:mental; 1,000,0301. capital shall remain in force,
and be in no way whatever affected or prejudiced either
by the loan, or the interest, or by the debentures to be
green by the company, and therefor* it tot may madras
that guarantee, but Owes its stability beyond deal* or
/pi
Subjoined are the quotations of insurance, tees
dock, and other shares, as given in the Stock Sr'
change list of last evening :
Insnranoe.—Allisnoe British and Foreign, 13 ; Atlas, .
10 ; Bugle, 6j • fflkutyriand Law, 74 ; Bogbak and Scottie&
Marine CLimlttnl), Gresham Life, 44 ; Imperial Life...
144: Indemnity ae. 115 ; and London
anleGlobe (U. annuity), 90 ; Lieeepod and London Fire
and Life, 8 ; London, 45, 44, 4, ex div. ; Itarbse. 004 ;
Oman Marine, 234 ; Rook Life, 7,4, 4, ex die. ; tria- ,
venal Life, 344.
Gasliiiht and Coke.—Bombay (Limited), 4, i ; British
Provincial, 284, ex div. ; Continental Union (Likaidetratiel;
Great Central, 13j, 13 : Imperial, 784 ; in
62 ; Phoenix, 213, 2 ; Westminster Chartered, 64
Waterworks.—Berlin, 114 ; Chelsea 284 ; last London,
123 ; Grand Junction, 79 ; 'West Middlesex, 110.
Canals.—Regent's (or London), 22.

TOISDAT iMMG.

Consols, whic'a closed yesterday at 894, "buyers,"
l en
for the Bth November, opened this morning at ,
804 to 4, and closed at 89 " sellers." For money
the last price was 891 to . The official busing.'
report is as follows :—Tluve per Cent. Console, foe
money, 891, 4 ; ditto, for account, 894, 4 ; Three
per Cents. Reduced, 87,4 ; New Three per Cents.,
874, 7, / ; Bank Stock, 244, 2 ; India Stock, 210,
12 ; ditto Five per Cent., 106, 4 ; ditto Five per
Cent. " enlaced ' rupee paper, 1014 ; ditto Five.
and-a-Half per Cent., 106, 7.
The India Five per Cent. Stock and rupee paper
were inquired for, and better. Exchequer Bills
were likewise firmer, closing at par to 3s. prem.
In the foreign stock market there was a demand .
for some of the securities which are usually little
dealt in, and for these better priors. were quoted,
but a few of the speculative descriptions gave way.
The amount of business generally was limitA
owing to the settlement. Veneseelan Bonds of IMi
were again in request, and attained a fresh rise of 1
per oent. Chili= Six per Cents. A and Italian of
1866 also improved 1 per oent • Esptian and
Russian, as well as Brazilian of 1965, to 1 ; end
'Portuguese, 1. On the other hand, I inn of 1861
declined 4 ; Spanish Passive, 1; and the Commit-
tee's Certificates, Turkish of 1866, and Mexican, 4.

MIMES.-(THIS DAY.)

Ova o'Clam.

The transactions in the mining market to-day are
to a fair extent, and prices generally are well main-
tained. West Caradon share* are quoted 15 to 16 ;
East Caradon. 51 to 6 ; Marks Valley, 4} to f ;
Prince of Wales, 295. to 31s. ; North Treskerby,
2f to i ; East Lovell, 10 to } ; and Chontales, 2}
to I.