The Express.
London, England, 1867-04-01 00:00:00

CV&WT.
Mown.
Per Qr.
IFITIIAIP. a a
ism, Loaf, rod, old 00 to 67

while, old r 4 73 ;')
„ new 64 to 66
Norfolk sad !Jacob
--

ned, Dow - 62 to 62

Mating
Distilling
tklodlog 3O to 33
MALT.
_ _ -

Issax, Nortiiii,- ;nd
Suffolk 7O to 71
Kingston and Ware TO to 76
Brown l4 to 04
_ _

Now

Alrl

r... 31 to 38

_OATS.

losalatt, teed 22 to ES
potato
bask Seed
Joni
Per Qr.
WRRAT. a a.
Dant& sad Lod
berg 5O to n
Rostock & Mocklea-

bw4
64 to 66
Dia
II to 69
itosalsa, hard
soft
Arearican, red
0 white —to
B4ltlifi.

Grinding
Distilling
Matting
_ _ OATS

Dutch brewini-- 22 to 30 1
„ feeding
ARRIVALS OF GRAIN, del., Il
WATER CARRIAGE. FROM
BOTH INCLUSIVE.

Per Qr.

Per CO

-Wheat Barley. Malt. Oats. I
Beans, Perna
grs. gra OR I gra qrs. I gra
IMaltsh .. 5030 1761 1411119 1919 1103 196
lo
41738
14501 31908 4740 1316 '
Total .. -1
41728 36347 , 14499 31045' 11244 11402 .27103
LIVERPOOL COTTON MARKET.
(we eutioaarw.)
(emu OUR OW CORRERPOWORNT.)
The market rather steadier to-day, and the riles foot up
about 10,000 bales.

"rCks.
,19r.50

:: 17852

MINCING-LANE.—(THIS DAY.)
SUGAR—The market continues quiet at last week's
currency—a small parcel of crystallised Demerara was
sold at 365. 6d. Refined also quiet, and prices rale in
buyess' favour.
Corms.—The market is firm, but rather quiet.
Rice.—No sales reported.
AUX.—About 300 puncheons sold—Demerara at Is. 6d.
Corron.—The sales are confined to small parcels at
about former prices on the spot.
In other articles no sales of importance reported.

TALLOW MARKET.—(THIS DAY.)
The market is steady, at the following prices :—Town
tallow, 445. ; Petersburg Y.C. on the spot, 445. 3d. ; April
to June, 443. 3d. ; October to December, 445. 6d. to
44a. 9d.
PLZTICITLAILA 01 TALLOW.

Stock on hand this day..assinil
Delivery last week
Ditto from Ist Jane
Arrival last week
Ditto from Ist Jane
TriesT. C. on spot tali day
Ditto Town lut Friday

64,066 393112 i $3,136 26,739
500 1.306 I 900 1,136
Klee 82,030 93,720 84,234
I IC 790 1.216 152
91,474 76,091 94,393 920348
is. La ad.d.l ad. ad.
41 9 60 0 •90 N 3
43 9 143 0 3OO b 6

Arrival forte weekending iffh April lad year, 400 casks, sad
delivery. 1,073 rusks. The arrival laid week comprised :-118
casks, Australia : 1 casks, other places. Total, ISO caska
METROPOLITAN CATTLE MARKET.
(THIS DAY.)
We have a short supply of beasts, and a slow trade.
Prices remain about the same as on Monday last. Several
lots of inferior quality are unsold. The number of sheep is
considerably larger, and there is great difficulty in dissing
of them. Heavy weights are especially dull of sale. Prices
on the average are lower and a clearance cannot he effected.
Choice calves are in demand at fully late rates. Our
foreign supply consists of 1,315 besets, 5,940 sheep, 106
valves, and 35 pigs. From Scotland 205 beasts, Norfolk
and Suffolk 1,600, and 420 from the Northern andlltidland
Comities.

Per stops of SIDS. a d.
Beat Scots, Harolds. 4 1 6
Bast Short.horos 4 5 0
4440nd goal. bawls S S •
Cares
S 4 4
Best Dos& Illf-byeds 6_ 6 0

Pet stone of 811:a e. d. s. d.
Best Das& 111-bdsBh 5 0 5 4
Best Long.wools.... 6 4 6 8
Do. do. Shorn.... 4 6 4 10
Ewes d: second qua 4 0 4 4

Do. do. Moro—. 0 0 0 0
Lambs
and lambs, 24,140 , calves, 113;

Beads at market, 3,540 ;
pip, 310.

BOROUGH HOP MARKET.—(THIS DAY.)
Messrs. Pattendsn and Smith report no alteration in
the market either ma regards the demand or prioe.

MONEY MARKET.-(THIS DAY.)

Ors o'Cwar"

The amount of business in the Stock Exchange
to-day is not large, but the general tendency of
quotations is rather favourable. It is believed that
Luxemburg will be transferred to France without
any serious difficulties arising, and a hope is
expreased that the committee which is now
sitting in the House of Commons upon the
debenture question will arrive at some practical
decision that may tend to remove the distrust now
prevailing amongst so many persons with regard to
that form of security. The tine weather has also
caused a few purchases. The funds are unchanged
for money, but have risen 1-16 per cent. for the
account. English railways have further improved,
upon additional transactions to close speculative
scannas, combined with some moderate invest-
ments on orders from the public. As regardsforeign
stocks the most noteworthy feature is a demand
for Spanish Passive and Certificates at an advance.
The quarter having expired, the supply of money
has increased to-day, while the demand has dimi-
nished. The general rate for choice bills is 21 per
cent., but exceptional transactions are reported at
21. The charge for short loans in the Stock Ex-
change is 211 to 3 per cent.
Consols are now quoted 91 ton for money, and
91 1-16 to 3-16 for the account (April 10).
The Three per Cents. Reduced and New Three
per Cents. have receded !, per cent.—viz., to 89
to 1, ex div.
Spanish Passive Bonds and Certificates are in
request, and have risen g to Li per cent. On the
other hand, Turkish of 1865, Italian of 1861, and
Chilian scrip have declined 1. Danubian scrip re-
mains heavy, at the fall of Saturday, although the
settlement to-day shows arather small supplyof stock.
Turkish of 1865 are quoted 291 to ; Greek,
14 to g ; Spanish Passive, 22 to ; ditto Certi-
ficates, bik to g ; Italian of 1861, 531 to ;
Mexican, 1674 to 17! ; 11,usaianScrip, 2} to prem. ;
Chilian Scrip, 2i to 2 dis. ; and Danubian scrip,
31 to 21 dis.
United States 5-20 Ronda have declined a to
per cent., viz., to 74. i to / ; but Erie Railway
shares have improved 11, the present price being
39} to 40. Illinois Central shares are steady, at
381 to 391.

Anglo-American and Atlantic Telegraph Eight
per Cent. Preference shares are steady, at 161 to 11,
and 31 to respectively.
International Financial shares are quoted
2} tog dis. ; London Financial, 164 to 174
dia. ; General Credit, 3 3-16 to 1-16 dis. ; Credit
Foncier, 61 to dis. ; National Discount, to 1
prem. ; and Hudson's Bay, 161 to 4.
The Shannon has arrived at Lisbon from Brazil
with 10,9681. in specie. _ . .

The great and unreasoning depression which con-
tinues to prevail as regards the shares of most of
the undertakings that have been created during
the last two or three years proves how indisposed
the public are to embark in fresh enterprise, and
how completely their confidenoe has been shaken
by recent events. If last year was a year of panic
and vague apprehension the present one is
marked by still severer losses, and by a
pressure of actual calls, the paying of
which, in the case of companies already defunct,
unfortunately realises the old saying about "throw-
ing good money after bad." The one broad lesson
which the public have learnt from the bitter expe-
rienoe of the last twelve months is, that the limita-
tion of liability, tardily conceded by the legisla-
ture, and upon the strength of which thousands of
shareholders brought forward their savings, was a
mere sham and delusion. Henceforward none but
companies whose liability is really limited, through
the shares being wholly or to a very large extent
paid up, will have any power to attract investors.
Al regards existing companies, there ought
to be a much more general movement to reduce
the shareholders' liability, and if the pro-
prietors are wise they will put a strong
and steady pressure upon the various boards. Such
a course would add greatly in the long run to the
value of their property, which in many cases is
chiefly depreciated by reason of the dispropor-
tionate amount of liability attaching to the shares.
It will be a most regrettable result of the apathy
and indifference shown on this point if a large
portion of the money now accumulated in the Bank
of England and other depositories should ultimately
bo diverted from solid and controllable enterprise
at home into foreign and distant channels, merely
because the investor finds in foreign bonds and
shares "to bearer" that complete exemption from
responsibility and anxiety which the slow moving
legislature of this great commercial country still
denies to its own citizens.

The amount of gold sent into the Bank on Satur-
day was 79,0001.
The special meeting of the Brighton Railway
Company, convened for to-morrow, is to be ad:
journed to the 16th of April, the company's bill
not being yet ready.
With reference to the new issue of capital of the
Madras Railway to the extent of 631.1001., the
following is an extract from the letter of allotment,
dated the 22nd inst., which has been issued to the
proprietors :
The board of directors, under the sanction of her Ma-
jesty's Secretary of State for India in Council, having re-
solved to issue additional share capital to the extent of
631,100 sterling for the further prosecution of the com-
pany's undertakings, bearing a guaranteed interest of .1
per cent. per annum, I am directed to offer you this allot-
ment of shares of 20/. each, being your rateable pro-
portion thereof as a proprietor of B stock in the exist-
ing capital of the company at this date. Deposit of 21.
payable 16th April. or the allotment will be cancelled.
An extraordinary general meeting of the Great
Northern Railway Company is convened for the
9th of April, to consider several bills now before
parliament. One of these transfers to the Great
Northern Company the Edgware Highgate, and
London, and the Watford and Edgware Junction
Railways.
A special general meeting of the East London
Railway Company is called for the 10th of April,
to approve a bill now before parliament for the
construction of a railway to form a connexion with
the Crystal Palace and South London Junction
Railway, to be called " The Crystal Palace and
East London High Level Junction Railway."
The traffic return of the Grand Trunk Railway
of Canada, for the week ending March 23, shows a
decrease of 1,0201. compared with the corri.spunding
period of 1866.
The half-yearly dividend on the Four-and-a-
Half per Cent. Swedish Government Loan of 1864,
for 2,223,0001. sterling, due on the 15th April, is
advertised for payment on that day.
We are informed that the agreement of bond-
holders of the Cavour Canal Company to exchange
their bonds for obligations has, from its conditions
being unfulfilled, been abandoned as null and
void. It may be hoped that a satisfactory arrange-
ment will speedily be arrived at, and that the
Italian government will redeem its honour, and
carry out its guarantee.

SATURDAY EVL'On.

Consols, which closed yesiteZiaV9l* for
the 10th of April, opened this morning at the
same quotation, and closed at 91 to I. For money
the last price was likewise 91 to *, and for the May
settlement 91k to 1. The Three per Cents. Reduced
and New Three per Cents. were tlat, and declined
* per cent., closing at 891 to I, ex div. The official
business report is as follows :—Three per Cent.
Consols, for money, 911, 1, 1 ; ditto, for account,
91} ; Three per Cents. Reduced, 89i, div. ;

New Three per Cents.. 891, k e, div. : ditto, Three-
and•a-Half per Cent., to; ; Bank Stock, shut ; India
Stock, 219 ; ditto, Flee per Cent., 1091, 10, ;
ditto, Four per t•ei.• ' • mfaced" rupee paper, MI;
ditto, Five per tent, 140:4 ; ditto, Five-and-a-
Half per Ce 11... 10;1 ditto' Five per Cent.
Debentures, 103:: : ditto Bonds, 48c, 495., 48s.
prem.
The India Fi‘,. per Cent. Stock was loss inquired.
for. Exche.!uer Vill4 remain at 14e. to 18s. prem.

Foreign stocks w. re r.,,t largely dealt in, but the
tone of the mark .t was better. Portuguese Bonds
were in reyos., ..lid left off at a recovery of
per cent. Perm Lin and Italian of 1865 improved
and New "ex all" and Deferred, as
well as P: give and Certificates, 4.
Danubian scrip. however, was very heavy, and fell
I per cent. T irl:ish Bonds, of 1865, werel !ewer;
and Italian of 1'461.

MINES-(THIS DAY.)

Own o'Or.oaz.

In the mar!:et to-day Prince of Wales,
Wheal Grenville, East Grenville, West Chiverton,
and East Caradoit shares are in request, and tine.
Some of the prevent quotations are as
West Chieertor, 68 t.. 7 0 ; Chiverton Moor, 6 to !.; ;
Chiverton, 6; t.. ; Prince of Wales, 565. to Fide. ;
East Russell-, 2', to 31: Wheal Grenville, 20s. to
255.: East f:retiville. 2Z, to ; Wheal Seton, 104
to 106 ; West Seton. 130 to 140; Great Retallack,
3to : North Treskerby, 11 to ; and East Care-
don, 51 to
The Pestanela, Val Toppa, and Vallanzasca
Gold Mining Companies held their meetings oa
Satunlay, at which the res .lution for an amalga-
mation of the three undertakings was confirmed.
A special general meeting of the South Tyne
Colliery Company (Limited) is called for the 10th
of April, to adopt the necessary proceedings fur
winding up the company.

RAILWAYS.-(THIS DAY.)

011 OVLOOL.

The railway market is very firm to-day, and
prices show a fresh rise. London, Brighton, and
South Coast stock has improved 14 per oent. ; Mo-
trupolitan, 11; Great Northern (Original), 1 ; Mid-
land and Groat Eastern, 1 • Lancashire and York-
shire, „c• •' London and North-Western, ; Great
Western and South-Eastern, ; and Great
Northern A, London, Chatham, and Dover, and
North British,(.
Metropolitan stock is now quoted 119 to k ;
Great Western, 41! to 44 ; London and North-
Western, 116& to 117! ; Midland, 1134 to 114;
Lancashire and Yorkshir, 124„ to ; Caedonian
j 106 to 107 ; South Eastern, 68 to ; Great
Eastern, 28i to f ; Great Northern, 115 to
116 ; ditto A, 1221 to 3 ; Loudon, Chatham,
and Dover, 171 to f : North British, 34 to ; and
Brighton, 7411 to 75k.
(For to-day'; Share List sae page 4.)