The Express.
London, England, 1867-07-25 00:00:00

PROVINCIAL BEAR! KARIM'S.

LivllMonts .1 cLY O.—Sales today' Great Eastern, 261
Lancashire and Yorkshire, 1271—London, Brighton, and South
Coast, 601—London and North Western, 111/ 12 11} 12 11/—
Manchester, She Meld, and Lincolnshire, 431 I f 4 4 3/—
Metropolitan, 120—Midland, 1131 I—North British, 281 18—
North Eastern,Berwick, capital stock, 100—South Eastern, O.}--
Grand Trunk of Canada, 161—Krie, 47 B—United States 6-20,
1862, 721—Bank of Liverpool, 64 x all—Llverpool and London
and Globe The and Life Insunuscet p.
MAlOnnernit, JOLT 24.—A good bulbar was done, but prices
were lower. Anglo-American Telegraph (limited), 181—Bolckow,
Vaughan, and Co. (Limited), 9d.—Consolidated Bank (Limited),
946 11 p.—Eries 4718-drat lantern, Of rand Trunk
of Pined*, 161 Western of Canada, 141— Western,
41
irLa ncuhire Insurance, il p.—Lancashire and Yorkshire,
121 Londonand North Wedern, 112 I 12—Manchester. Shel-
, and Lincolnshire, Of f I 1 43/ 4 3/—Dttto, PA Preference,
6 bl6—Metropolitan, 1261—Midland, 1131 /—Nroth British, IS
711 8 I I I—North Staffordshire CT. and W. Canal), 261—
South [stern, p 1 I—East Anglian, No. 2, s—London and
Brighton, 601 1 60 1-eur Paulo, 15/
BIRMINGIFIAII, JULY 24.—Bininess done: Wolverton and
Walsall Railway at II dis ; Birmingham Wagon (Limited),
second issue, at 1 =Won:alder Wagon (Limited), at 121 •
Mpolitan and Staffordshire, third
Issue, ate} Os. Closing priCcam"North Railway,
68, *ellen . Itedditch Railway, 11/, sellers ; Oxford Quialilit
buyers ; Lloyd's Bank (Limited), 8 to 11/ prem. ; Midlandb
cW (Lhnited), 1 9-16 to dia. ; and Britannia Mills ([Jolted;,
1/ to 1 dis.
DPaLIW, JOLT 23.—Thres per Cent Reduced, 921 j—New
Three per Cent. Stock, 921—lodla 6 per Cent. Stock (transfer-
able at the Bank of Ireland), 1111--Hibernian Banking Com-
pany (ni paidi, 36—Munster Bank (limited) (Elf Dash), 4i—
National Bank k 230 paid), 611 I—Midland Great western (2100
paid', 501—G rest Southern and Western 4 per cent perp. (2100
paid), 96I—Waterford and Limerick 6 per cent. red' (all
paid!, 46—Dublin and Kingstown, 98.

A meeting of the Neutrality Laws Commissioners
was held yesterday, at 2, Victoria-street, Westminster.
Present : Lord Cranwortb, Lord Houghton, Right Hon.
Sir William Erie, Sir George W. W. Bramwell, Sir
Roundel! Palmer, M.P., Q.C., Mr. Travers Twin, Q.C.,
Mr. W. V. Vernon Harcourt, Q.C. Mr. Thomas Baring,
11.. P., Mr. W. H. Gregory, M.P., and Mr. W. E. Forster,
M.P. Mr. C. B. A. Abbott, attached to the commission,
and Mr. F. P. Onslow, secretary, were also present.
TRIAL BY JURY.—III a .use which came before
him under the Legitimacy Declaration Act, on Tuesday,
on the petition of a member of the Shedden family, to
have the manage of his parents declared, Sir J. Wilde
ordered a speciel jury at once. The judge further said he
should, in every contested case, order a jury where either
party desired it. This mode of trial was the best for such
cases, and, above all, it was a matter of right in so
important a question ss legitimacy.
ASCENT OF MR. COLWELL AT COLNLY HATCH.—
A gala in the ground attached to the Railway Hotel in this
neighbourhood took place on Tuesday last, when Mr. Cox-
well ascended in his new and magnificent balloon of IR,OOO I
cubic feet contents. The wind was so high that it was blown
about fearfully during the inflation, but its make and
form enabled it to resist the gusts, so that et 7 o'clock Mr.
Corwell and his assistant ascended, and got safely to terra
firma in Sir Henry Mextx's park just before a drenching
storm came on.
RAILWAY AND OTHER BILLS BEFORE PARLIAMENT.

—On Tuesday the subjoined badness wee transacted in
the parliamentary committees upon railway and other
private bills. In the Painted Chamber their lordships
passed the Midland and Eastern, Norwich and Spalding,
Ac., Railways Bill, which was ordered to be reported with
amendments. In the same committee the bills of the
Newry and Armagh Railway and the West Cork Railway
were further proceeded with, and again adjourned. In
Room I) their lordships proceeded with and further ad-
journed the Great North of Scotland Railway and the
North British Railway (Carlisle deviations) Bills. In the
House of Commons committees, in Mr. Dodson's cow-
-1 mittee, the Hayling Railways, the Rathkeale and New-
' castle Junction Railway, and the Barker's Mills Hetet.
Bills were pared through, and ordered to be reported. The
Cheshire Lines Bill was proceeded with. and a farther ad-
journment was ordered. The Metropolitan Giudialit,
and the Imperial Gaslight and Coke Company's Bills were
thrown out. Yesterday the only business transacted in
the parliamentary committees upon railway and other bills
was in the House of Lords. In the Painted Chamber their
lordships ordered that the Newry and Armagh Railway
Bill was not to be proceeded with. The consideration of
the West Cork Railway was proceeded with, and a further
adjournment ordered until this day (Thursday). In Room
1) the Great North of Scotland Railway Bill passed through
with amendments, and was ordered to be reported. In the
same committee their lordships proceeded with the North
British Railway (Carlisle deviations) Bill, which was
further adjourned until this day (Thursday). In the
committees of the House of Commons no business was
done.

The enormous commerce of the Lakes is forcibly
illustrated by the fact that not less than fifty millions of
bushels of grain were loaded it Buffalo alone last year.
A sailing vessel or propeller now often comes into Buffalo
with twenty-five thousand bushels of corn or other grain,
dumps it into one of the storehouses through the
agency
of the elevators, and before night is on the way back, and
sometimes with a cargo for the point of deperture.—New
York Herald.

MONEY INARKET.-(11118 DAY.)

REDUCTION IN THE RATE OF DISCOUNT.
Oil o'CLuot.

The Bank directors, after a abort sitting, have
lowered the rate of discount from 2} per cent., at
which it was fixed on the 30th May, to 2 per cent.,
and thus have placed themselves upon something
like terms of equality with their competitors in
the open market. As their bullion and reserve
continued to enlarge week after week after the
appointment of the 24 per cent. minimum, while
the business in discount and advances fell off,
in the presence of the abundance of money in the
hands of the public, surprise has been generally
expressed at the movement not having been made
before. Meanwhile it appears to have had the
effect of checking the downward impulse upon the
Stock Exchange, which was the result of political
apprehensions that have not received the slightest
confirmation from any quarter. Business, however,
is still quiet in all departments.

Since the reduction the discount market has
become slightly unsettled, and, as far as demand is
concerned, little effect has been produced ; if any-
thing it is rather better, and the terms for the best
bills are quoted at 11 per cent., being I below the
new minimum. The terms allowed fur deposits
are reduced per cent., having been fixed at 1 per
cent. for money at call, and at at seven and
fourteen days.
Consols opened flat, at a point below the final
quotations of yesterday ; but they have since
rallied, and are now quoted 94} to for money,
and 941 for account steady, with a alight in-
clination to firmness. Reduced and New Three
per Cents., 93g to Exchequer Bills are firmer.
India stock continues firm at yesterday's quota-
tions.

Railways were dull and drooping at the opening,
being adversely affected by some of the traffics
having proved less favourable than had been ex
pected. They are now rather higher, but the
tone is languid. London and North Western
stock are quoted 111 to ; Great Western, 404
to 414 ; Midland, 1134 to 114 ; Lancashire and York-
shire, 1274 to 128 ; Great Northern, 111 to 112 ;
ditto A, not to iti ; Great Eastern, 264 to ;
South Eastern, to ; Caledonian, 107 to 108 ;
Manchester and Sheffield, 43 to 44 ; York and
North Midland, 904 to 914 ; Berwick, 994 to
1004 ; North British, 274 to 28 ; London
and South Western, 75 to 77 ; Metropolitan,
1194 to 4 ; London, Chatham, and Dover,
164 to I ; and London, Brighton, and South Coast,
501 to 4.
The foreign stock market is steady. Turkish Six
per Cents. of 1862 are 4 higher at 564 to 574, and
those of 1865 have improved 4, the present quota-
tion being 304 to 4. Greek, 14 to 4. Spanish
stocks are without variation, Passives at 214 to 22,
and Certificates at 104 to 4. Italian (1861), 484 to
49. Mexican neglected at 164 to 4.
Anglo-American Telegraph shares remain at 18
to 4. Atlantic Cable, 34 to 4.
The finance companies are perfectly inactive.
London Financial, 24 to 22 dis. National Discount,
114 to 124._

United States 5-20 Bonds have been dealt in to
a small extent at 74 to ; Erie Raiload, 47} to
4811 ; Illinois Central, 76 to 77.

The amount of gold gent into the Bank yester-
day was 43,0001. making a total o 4202,000(. since
the date of the last return.
The Saxonia has arrived from New York with
96,1001. in specie for England, besides 159,335
dole. for France, and 47,105 dole. for Hamburg
It appears from a Gazette announcement that
" the actual surplus revenue of the United King-
dom of Great Britain and Ireland, beyond the
actual expenditure thereof, for the year ended the
31st day of March, 1867," having amounted to the
sum of 2,204,1711. 17s. 3d., 551,0421. 19s. 3d.,
being one-fourth of that surplus, will be applied
in the quarter ending the 30th September next to-
wards the reduction of the National Debt.
The London and North Western Railway traffic
return shows this week a decrease of 5,6791. com-
pared with the corresponding week of last year ;
the Midland, an increase of 3,6711. ; the Great
Northern an increase of 3,282/. ; and the Great
Eastern, an increase of 3,5751.
The half-yearly meeting of the Consolidated
Bank (Limited) was held at Manchester yesterday,
when the report of the directors was adopted, and
the dividend recommended therein declared.

The following is from the report of the directors
of the East London Bank (Limited), to be pre-
sented at the general meeting on the 30th inst. :
The directors submit herewith the result of the opera-
tions of the bank for the half-year ending the 30th June,
111b7. The annexed statement of accounts shows that the
profit, after making provision for bad and doubtful debts,
amounts to 9,504/. 14s. 111. •. and deducting from this
charges at the head office and branches, and interest to
customers, setting aside proper sums for the amounts ex-
pended on bank premises and preliminary expenses, and
allowing for rebate on current bills, there remains a balance
which enables the directors to recommend the payment of
a dividend at the rate of 5 per cent. per annum, free of
income tax.

Annexed is the report of the directors of the
Provincial Banking Corporation, to be presented
at the general meeting on the 2nd August :
The directors have the pleasure of submitting to the
ahareholders the following statement of accounts and
balance sheet to the 30th June, Ifki7, which have been
duly examined and certified by the auditors. It will be
seen therefrom that the gross profits for the half-year,
after making provision for bad and doubtful debts, inclu-
ding 1,0901. 9s. 3d. brought forward from last account,
have been 22,8371. 19s. ; and that, after deducting all cur-
rent expenses, payment of interest to customers, directors'
remuneration and auditors' fees, a balance of 9,079/.
121. 2d. remains for disposal. Your directors recommend
that this amount be appropriated in the following manner,
viz. :-5,906f. Ts. 3d. to the payment of dividend, upoa the
net capital of the bank, at the rate of ij per cent. per
annum, for the half-year, free of income-tax. 1,137 f.
13a. lid. to rebate on bills ; 2,03.5/. I Is. Gd. carried forward
to new profit and loss account. The directors are glad to
say that the business of the bank continues in a sound and
satisfactory state. It is proposed that the dividend be pay-
able on and after the 14th August.
On the application of Mr. Lovelock, the official
liquidator, the chief clerk, Mr. Marshall, has this
day ordered a call of 201. per share on the contri-
butories in the Ramsgate Victoria Hotel Company
(Limited).
With reference to the Queen Insurance Company
we have received a memorandum, in which the
London board—comprising Messrs. Henry Fowler
(chairman of the London board), Lewis J. M.
Mason (deputy chairman of the London board), H.
G. Ashhurst, Thomas Simpson, T. Barclay Rey-
nolds, Fred. Perkins, W. T. Hill, and W. Aikin—
state as follows :—" The undersigned, heretofore
members of the London board of the Queen
In-
surance Company, desire to make known that they
have resigned their seats as directors, and that'
they are no longer in any way connected with, or,
responsible for, the management of the affairs of
the company."
An extraordinary general meeting of the Anglo-
American Telegraph Company (Limited) will be
held on the 2nd August.
Meetings of the bond and share holders of the
Italian Irrigation Company are called for Friday
next, at the London Tavern, it being intimated
that " owing to this company having been thrown
into bankruptcy at the instance of one of the
Italian creditors, it is of vital importance that
a meeting of all interested shall take place forth-
with."
A special general meeting of the National Land
Company is convened for the 3rd of August, for
the purpose of proposing and pawing a resolution
to the effect that the company be placed in liquida-
tion from the 19th of August.
The winding-up manager of the North-Western
Bank of India has declared a ninth dividend to
the proprietors, at the rate of six rupees per:share;
it is now payable.

$

The receipts of the Cape Railway. Company for
the month of May were 3,2761., against 3,6761. in
May last year.

A
petition for the winding up of " Young, -
Carrington, and Company (Limited,)" is to be
heard before Vim-Chancellor Melina on the Lt el
August.
With reference to the market for American se-
curities, Messrs. E. F. Satterthwaite and Co. report
as follows:

The transactions in American securities on the London
market during the pest week have been numerous and
important, prices generally.being well supported. United
States government stocks show little Alteration, the 5-2D's
of 1862 being last quoted 724 to 4, and the 1865's 714 to
4. Illinois shares close 76 to 77, or half per oent. under
the price of this day week. Erie* after our last declined
11044, but from this on renewed buying for shipment to
America they have reacted to 474 to 484. Some buying
on continental account advanced the quotation for At-
lantic and Great Western Consolidated Bonds to 24, bat
the decrease in traffic receipts for June on this line, in
common with nearly all American railroads, has lad • .
prejudicial effect, and they have to-day declined to 224 to
ZiS. The Divisional Bonds have also receded alma 2
per cent.

WIDIRSDAY EVIIIIIIO. •

Consols, which closed yestida7;;J4lt:Tior
the Bth of August, opened this mornint at this •
same quotation, and closed at 90 to For
money the last price was 90. The official nzinews
report is as follows :—Three per Cent. Consols, for
money, 94, j,; ditto, for account, 1/4 ;
Three per Cents. Reduced, 93i, 1, ; New Three
per Cents., 93j, j, i; India Five per Cent. Stook,
1111, ; ditto Four per Cent., 981 ; ditto Certi-
ficates, 99 ; ditto Four per Cent. " enfaced" rupee
paper, 87 ; ditto Five per Cent., 103, it.
The India Five per Cent. Stock was in demand
and again dearer, being last marked 111 A.

Foreign stocks were heavy, and a rather gene-
ral decline took place. Russian stocks of nearly all
classes as well as Spanish Three per Cents. fell
to 1 per cent., the downward movement extending
to the Orel Vitebsk Railway Loan. Mexican
Bonds of 1864 were quoted 1 per cent. lower ; the
old bonds, as well aa Spanish Passive and Italian
of 1861, 1 ; New Granada "ex all," ; Equador,
; and Chilian scrip, }. There was also a decline
of per cent. in the Turkish Loan of 1858, and the
Five per Cents. of 1865, and of 1 per cent. in the
Six per Cents. of 1862.
Financial shares were unaltered in the absence
of business. Prices closed as follows :
international Financial, 21 to 11 die.; General
Credit, 2$ to 24 dis. ; London Financial, 25 to 23
die. ; and Credit Foncier, 6to 5 die.
Hudson's Bay shares were dull at 141 to 151,
and National Discount steady at 61 to 71 prem.
In miscellaneous securities there was a fall in
Italian Irrigation shares and bonds, but an improve-
ment in Peninsular and Oriental Steam and Peel
River Land.

Some of the American railway securities were
better. Erie Railway shares, amongst others, rose
I percent., but Atlantic and Great Western Con-
solidated Mortgage Bonds declined 4 per cent.
United States 5.20 Bonds improved I. Prices
were last quoted as follows :-5.20 Bonds, 1862,
72; to 4 ; Erie Railway shares, 47f to 48e ;
Illinois Central, 74 to 77, ex div.; Atlantic and
Great Western Railway Debentures, 28 to 30
and Consolidated Mortgage Bonds, 23 to 24.

NINES.-(TBM DAY.)

Ows o'Ci.ooz.

The mini-u share market continues is a state of
inactivity both in British and foreign descriptions.
Prices notwithstanding this condition are
moderately well sustained, and they have de-
rived some support from the reduction is
the Bank rate. Prince of Wales shares are
firmer at 1-,45., buyers. West Chiverton, 66 to
68 ; Great Itetallack, 4to ; Kirke Valley, 41 to
; East Bauer, 15 to 17 ; Providence, 27 to 29 ;
Great Laxey, 151 to 161 ; Clifford, 71 to ; Seim,
110 to 115; East Caradon, 51 to 1 ; Noel Crofty,
n to
Th 4.
e foreign shares quotations are nearly without
variation, and the following are presenturices :
Del Rey, 55 to 57 ; Don Pedro, 2to prem. ;
Anglo Brazilian, Ito prem. ; Anglo-I an, ato
I prem.: Pestarena, 1 to 11 prem. ; Chontalcs are
Arm, at a to 1 prem. ; Frontino and Bolivia, 9s.
to IL. ; Rowe Grande, 9a. to 11s. ; Port Phillip,
15-16 to 1 1-16 ; United Mexican, 11 to 2.

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