The Express.
London, England, 1867-10-31 00:00:00

GRAND TRUNK RAILWAY OP CANADA.
(THIS DAY.)

The ordinary half-yearly general meeting of the
shareholders in this company was held at the City Ter-
minus Hotel, Cannon-street, this day, Mr. A. W. Yorac
in the chair.

The CHAIRMAN said Mr. Watkin, the chairman of the
company, was prevented from being present by domestic
affliction, but that was of the less consequence as the
repurt of Captain Tyler and Mr. Eborall bad not yet been
received. Under these circumstances he moved that
the meeting be adjourned till the 19th December.

Mr. Hoti:.l askrd for some explanations in a paragraph
of the report which bad excited his alarm. He objected
to any board of directors introducing into parliament a bill
affecting his rights as a bondholder without his consent.
He denied their right to do so, and he was astonished that
such a measure should have emanated from such a body of
gentlemen as those who formed the board of directors of
this company. They wanted a thorough change of directors
both in this country and in Canada. (Hear, hear.)
Mr. Renee also complained of the course taken by the
directors, and expressed himself strongly of opinion that
there ought to be a change in the direction.
Mr. Leon thought it useless to discuss the bill until It
was before them.

Mr. PRANCE observed that the bill would be brought on
in the course of this month in the colonial legislature. It
was true it was only • permissive hill, but it ought not to
be proceeded with. The bill ought to be withdrawn alto-
gether. By the bill they were gotsg to issue a preferential
stock bearing interest at 6 per cent. per annum to be
applied in purchase of the present preferences, which
oily on the average paid 4 per cent. In other words,
they were at present bound to pay preference in-
terest to the amount of 375,500/., whereas if the bill passed
they would be burdened with preference interest
to the amount of 582,0001., MARIO: an increase of
charge against revenue of more than 200,0001. This
scheme was to enable the directors to expend a further
amount of capital on the undertaking. What was
wanted in this company was to stop the expenditure
of further capital except for putting the line in a condi-
tion to carry more traffic. If they allowed the Canadian
peokqe and government to persuade them to ex-
pend more capital on the undertaking they were
idiots. They had expended 17,000,0001. of money,
which bad not yielded • penny of interest, the Cana-
dian government paying interest only on • little more
than three millions. If fresh capital were required it
should be raised by the Canadian government.
Mr. COMBEARE said he should like to know that this
company was not to be connected with the Atlantic and
Great Western line, and thought there should be no more
suckers to this company, which had been sucked
enough already. He complained that the loss on
"greenbacks" was not deducted from the statement of
profits in the balance sheet. He thought some informa-
tion ought to be accorded as to the earnings of the leased
lines and that the permissive bill should he circulated
among the shareholders before it was proceeded with.
Mr. Rimes asked if the directors would withdraw the
bill.

Mr. Home also suggested that the bill should be with-
drawn.

Mr. HSTUPATH, jun., thought it most necessary that
the bill before it was proceeded with should be circulated
among the shareholders, so that they might be enabled to
form a deliberate opinion upon it.
Mr. Nrwmmicir, the auditor of the company, said he
thought after what had taken place to-day the board of
directors would hesitate before they proceeded with the
bill.

tile disewnion woe prooonding when our report left.]

Mr. Tomline, M.P., of Nacton Park, has bought
the Duke of Hamilton's Suffolk property, and has now
above 20,000 acres on the banks of the Orwell, forming
in all a very compact estate, which has been got together
in a very few years by purchases from other proprietors
in the county.

It is stated in some of the Irish papers that
" Colonel" Kelly, who was so daringly rescued by his co-
conspirators at Manchester, is now in France, and intends
to sail for America.

The Panama Star states that a mail contract is
likely to be effected between the Pacific Steam Navigation
Company and the Chilien government, to run a monthly
line of steamers between Valparaiso and Liverpool, rid
the Straits of Magellan. The subvention to be 100,000
dollars. The vessels are to be 3,000 tons burden. The
oontract will commence in March next. The packets will
call at Punta Arenas, in the Magellan Straits, at Monte
Video, Rio de Janeiro, St. Vincent, Cape de Verdes, and a
French port.

THE FRENCH GOVERNMENT AND THE PRESS.—
The Siiele of to-day asks the full meaning of the word
" encouragement" which the government has forbidden
the press to exhibit towards the Italian cause, and begs
for more precise instructions.

--------
A complete act of the journals of the House of
Commons from 1.47 to the present time—which wee in
the possession of Mr. Wickham, has been offered to the
town of Bradford by the brother of their late respected
member.

COLLEGE ROBBERIES AT OXFORD,—On Tuesday,
October 29, a young man named Harris, formerly under
servant at Christchurch, was brought up on remand before
the Vice-Chancellor of the University (Dr. Leighton),
charged with stealing jewellery, &a., from the new build-
ing at Christchurch. He was seen shout the prosecutor's
rooms when the articles were missed in the early part of
the present year, and portions of the stolen property bites
since been traced to the prisoner's poraession. Numerous
witnesses having been examined the Vice-Chancellor com-
mitted him for trial at the next assizes.
THE ATTEMPTED MURDER NEAR BURTON-CRES-
PEET.—The injured Police-constable Saunders, we ace
sorry to say, has become much worse during the last two
days. He has had no rest since Sunday night, and still
doe. not understand a word that is said to him. Dr. PAUL,
the divisional surgeon, of Burton-crescent, who is in con-
stant attendance upon him, can attribute this sudden
change to no other canes than some injuries to the brain,
and which sometimes do not show themselves for two or
three weeks. Very little hope is entertained that he will
ever be in his right mind again, and two police-constables
are obliged to watch him. Government has not up to the
present time offered any reward for the apprehension of
the perpetrator of the outrage.

to 1-iso.

_
86. I* lloiMoland aster .. - 83 86 -,
89 160 !Caledonian
St 100 , Cambrian -
10 all Morena 5 6 -,•
U. 100 'Dublin and bitlfaatJunc 73 76
St. 100 Dundel,Pirth,d4hd.ln 70 71 -
10 • UM London -. .. -
100 all Do. Scrip -_ - - -•-
M. 100 ilowandil. Weida; 106 107 -
81. MO 011 Leta* Ord. U. 51 124 32} 19 21
M. 100 Do. L Ann. 82k., N 0.2 14 64 -
St 100 Ore* North* **Lodi 16 17 -
St 100 Oroat North.* - - , , 107 1041 -
81. 100 Do.A I A rm. nodlc un ll2} 1134 1154 13
St 100 D 0.81131112. e. le peMB 123 125 -
et. 101 Do. Ord. DM. D4v. Stock 1 -.- -
8t 100 Ot South& Wdel. (Ire.)l 95 97 -
St I* Gnat Weetera 414 464 40 6} 9
St. 100 Do.StourVaLOna.Bo
St. 105 Do. South Wald..." - -
St 100 Do. W. MIL-Ozlord IS 00 -
St 100 Do. Do. N 29 31 -
St. 100 lanceahlre & !or 1264 127} 118} 7
St. 100 Lon., ftiOtn.l2ls.o3oest 6 5* Mt
Et. 100 Loodosoßathan.,low 17 18 174
St. 100 Do. lietExten.ll6p.c. 12 16 -
Si. 100 London &North *seta 1134 114} 114 13}
ESL 100 LoltdoidSouthWeeters 84 83 -
81. 140 Man. Shef., &LWOW.* -
100 1140ropolitaii- - -.. 1234 122 1214 204
115. 100 Do. Itztenalon,..dlvi -
dead 6p. et 11111870 108 110 110 99
81. 100 11.1ropolitanDbalrlet„ 83 85 -
NI
10 all Do. &Mt Johnn.wood - - -
U. 100 Midland - - . -. 1171 1131 1179 } 9
84. 100 Do. 111ria...0.Dorby. 87 89
it=,
-
St. 100 North British -
St. 100 Do. lalln..P4o4h.Dund - - -
SR. 1011 IN. Latero-Bendek - 101 102 101
16 MI I Do. G. N. X Pero - - -
9t 10 Do. Ueda - OO 02 -
8t 100 Do. York --- - - 92 94 -
St 100 Do. Chattele. . - - -
St. soo Do. etootaziaiiili:, 131 132
II all , De. do. 1.00-* -1 - - -
51. 1011 ;North Lotolon ......, _ , 116 117 115} 16
10 6 1 Do. do. UM. .1 1 1} pm -
, 66. 10 .Nortlaftlatordolgre.7 ! 04 es
et MI 111. 111 IL Wadies Jana.' 110 112 -
St
I* Shropshire Union - 1 M 67 -
St 100 South Devoe.. ... _ , 46 47 -
0t 100 South Leder.
so on essosaawdeogii;e:ao' si 9} -
86. 100 Taff Vale
10 I Do. 0 - .. - - pm
Si. 100 Watirford itilik.de;ul - -.-
10 • t Wearies & Whitehall -. .. •-•
SIXTUS'S 20*31081ONS.
St I Pd.l 11.4121.04211 I Closing prima. 1 Swot
160 all MisatlettB4.Leorrto 64 16 -
It 100 Sou Der. &C. In. gip.. 102} 100tim -
* 14 Do. 1 Shares- ..- - pm -
104 all Ilaffalot Lake limo.. Se 4 -
19 on Do. Preference 6 0
111 100 IllidL,Nroatoldlodetieb -.
4 per 0ent.11024.4 -
it 100 CM aft 10.00.6 p. up - - -
IWIOO Calte T.t2Dookeptiel„.3. ltidw -
all Dassrarajlao. .00 102 -.
it 100 Ted Ilempl gm. I
20 It} Do. do. 6do - - -
IL 100 Lot India.... 6do llO 111 1109 9 4
SO 5 Do. L Shares.. .._. . II 2 pro -
it. 100 Ora* Trunk of Oast 179 18 -
100 all Do. ZqIL 3.6p.0t
104 all Do. Impuip.rd. Boa& -
100 a 1 Do. god Prat Bonds 99 39 -
100 all Do. Ind prof. Stock 3O 32 -
100 WI Do. 4th pref. Stock lO 21 20
100 Ores* 1g
Peolounls 1074 104 103} 6 4
86 all Do. OIL 5 pie sent - -Y. -
20 6 Do. New do. -. 1 19po, -
II 2 Do. New - ... . 1 1} pm -
elt 100 MAL* t0d1a...-4 ...el 101 103 -
St WO Do. II per cent. .• • 93 95 -.
104 all A Wieser. of Can..l, 16} 164 169 4
110 on D0.t.8.:1:.pay.167. 99 101 -.
100 all Do. do. do. 1/77, 87 89 -
10 3 Callan ((Lofted - -Mt -
44. 100 Madras pax. 6p. mut 103} 1044 -
it. 100 Do. de. 4} do 95 97 -
it 100 Do. do. 44 do 9l 93 --
30 all Do. Fifth laleadde - - -
60 all Ilelb. and Flobeoa's Bo 41 61 -
100 all Do. 6p. M., pay. 1881 96 97 -
100 an Do. 6 ;I. el, p. 7.1314 81 83 -
4t UM X.X.of ran doc.inn R 03 4 -
St all Ondedßuhllkund.g spc 101 102 -
10 2} vo. Shares do }do }pen -
St. all Do. Nulhatro - - -
It WO &Ando, gua. 6 Tor *ant 102 106 101} 4
11l 110 Do. Delld do.- - - 101} 1029 -
16 15 Do. do. do.- - - par -
St. WS Do. Punjaub do. - 102 1031"
102}
111. 100 Do. Indus* Blot do. 127 1111 ..

JOINT lITOIX ILIUM&
usu. I Pd i CL I

0003 NIAL 001

So. I lirrOall I Pd. I M. pride. I Sore.
esi 1110,000 111111111C0ra.0.44.11171, 100 .• - -*
104 Do. 11110 100 •.• -•
..... dia.009.11p.a..1177411. 100 101 100 IN}
.... De.lpere4YetiArd. NO 100 102 -
Do.SperaLlier..3 IN 90 101 -
4114,806 Do. 6per otaaa.&J , 114 88 89 881
666,301 Do. s}erd IN ! 101 87 59 -
1106,000,0agoltiHopellper.1873' 150 IN lid -
840.1100-1100, 109 106 146 -
...- i Do. do. 199040 IN la 116
- - • Do. do. 1100411• 109 106 107 -
194,000, D 0.110.440.4004.11001 100 OS 15 -.
100.000 0r10a,N0r.156414 111111 10/ 106 -
134940, Do. 1873, do.. 100 i 111 112 -
4010,045 Do. 1372 do.- INO 105 187 -
'NAN maurithsi per d.,11711 VW 104 liei -
900,0N' Do. 11174 109 116 197 -•
370,0011 Do. 11111 1411 106 108 -
01,0 N, Do. 18961 100 105 108 -
1116.500 Nata1G0v.60.4.49.&Ci0. 100 100 102 101}
100,000 Do. do. May&Nov. 100 102 104 -
160,000 Now Bersoa.Ormilperel. 111 101 103 -
LIMAN Neer South Wales Gov.,
cool Ip. 0e5t.,11171 le 17176 100 97 90 -
1,0r1.030 Do. 60. oral to 1106 100 re 093 ::1 11
850,000 D0.69.c.r,1867 to 1876 IN 94
114000 Newer sod Ow NM. 100
1.104 apse suet 1N 64} 06} 91}
100,000 Do. 6 per rot 1991 100 106 IN -
109,005 Do.de.le9l.TtutedDec 100 106} 197} -
260,000 Nora area 4p. 4..1196' 60 101 1
I,ssl,loo,Quederad Gr. 6P et. 1 100 100 lelo3 -
-
1,177,4501 Do. Do. 1101 .. - 100 100 101 1001 If
1765,1100 8.4u1099. 6 p. 0,17-77 10, - - -
De. 1878 and air& 101 1N 106 101}
1110,000 Thi.Gov.6o. clan. /all IN I lll} -
4001.0 N DO. Op. at Aril Aide 1N • 1089 109} 1091 9
Barran 11111111.
No. 184 I MINN I Pd. I Cl. prior i balm
9du - Calvert= 6 6 -
1.. Clifford Aral. 4ll 7 8 •-•
.. D. G. Cow (TavietelL) 1 4.15 436 -
Is, .. Dtakeralla -
61 .. Jut Bred (Illogaii) lll 15 17 -
6,1 .. Rad Carados . - -
.. lad Caro Brea.
6, - Nast Ordeals 16.6 1 41 ....
I, .. Bart LateU -
4. .. Z. W. Hartill (Tavid.k ) 111.7.6 11 2 -
.. Grumbles a Bt. Jebel Id 1 2 -
12,600 4 Great Lary (Limited) all 17 18 -
{6e... Great South Torus
_ G. W. Vor (Horton) -
6,000 .. Oreadlie - ..... -
1,014 .. Rarodra Tod „ -
6.000 .. Morton Downs 5.10.6 1 1} .-
896 .. Margaret (Uny Lire) 7 6 8 -•
9,009 .. Warr Valley -
40,0N9 4 dwyndy boo Ore -
4001 .. New baton ......
700 .. North Reeked 3B 3 5 -
1.640
}} .. 14°1th.
WlhJitaltedeiotil - 116: :4 # =
4110 - eine (r. talikat) 10.6.7 51 31 •••••
611 .. . Caradou M. Mel ii 330 400 -
1, „ • Ili Coodiurow 11.1.0 II I -
• W. Prather (Mora) 114149 35 40 -
.. • Park ULM 4 6 -
6,, Croft -
4,1 _ Wed Bred (Mord lf fl} ••••
_ W. Carron (Liakeard)
8, _ Wed Mears .. -
- West Baton -
01 .. Wb. Bred (Illopoi) 6l 85 90 -.
61 .. Wh. Boller (Jodrell) lll 17} It} 18
1, W, Marreia (bierber .8 16 16 -
1108 .. Wheal Melon lOO 105 -
1,040 - Wh. Tradeoff (Uri 0.0 0 8 -

NI. I 6h.

DOOKI.

Bills disoounted .
Notes . . . .

Current accounts. . .
Cash
Advances . . . .
Dim Ass.
Treasury balance . . .

r. 58,200,000
49,200,000

13,800,000
2,200,000
666,000
200,000

EXPECTED VISIT OF THE EMPEROR OF
AUSTRIA TO ENGLAND.

(sT mamas.)

BOULOGNE, Oce. 31, Arrialroox.

The Austrian ambassador left here at 2.15, en
route for London. Baron Beust crosses to-mor-
row, it is expected, to arrange for a visit to Eng-
land from the Emperor of Austria.

MONEY MARKET.-(78113 DAY.)

Airs o'OLoaz.

The stock markets opened rather firmly this
morning, and prices subsequently improved in
several cases. Flatness, however, is now observable,
owing to the announcement in the second edition
of the Daily News that the Italian troops have been
ordered to cross the Papal frontiers. The down-
ward movement has been helped by a disposition
on the part of some of the recent speculators for
a rise to close their accounts, so as to avoid the
uncertainties of to-morrow, when the Stock
Exchange will be closed. Consols have declined i
per cent., and Italian bonds of 1861, it. Most of
the home railways, however, are better than yes-
terday. Metropolitan is in especial request, upon
the satiafactory nature of the medical evidence
given yesterday with regard to the state of the
atmosphere in the tunnels of this line.
The demand for money is still moderate, and the
supply very large. The rate for best paper is un-
altered.

Consols are quoted 94/ to a both for money and
the account (Nov. 7). The Three per Cents.
Reduced and New Three per Cents. are I per
cent. worse than at tho commencement of business,
the present price being 921 to /.
Home railway stocks are in demand, at an im-
provement. Great Northern original have ad-
vanced 1 per cent. ; Metropolitan, 4 ; Caledonian,
; North British, J, ; London and North Western,/ ;
and most of the other lines, to 1. Subjoined are
the prices :—Metropolitan, 120/ to 121/ ; Great
Western, 451 to 46 ; London and North Western,
1134 to / ; Midland, 1174 to 1 ; Lancashire and
Yorkshire, 127 to 4 ; Caledonian, 871 to 88} ; South
Eastern, 661 to 67 ; Great Eastern, 32 to ; Great
Northern, 1084 to 1094 ; ditto A, 1124 to 113 ;
London, Chatham, and Dover, 174 to / ; North
British, 33/ to 1; and Brighton, 52 to 4.
Foreign stocks were firm this morning, but have
since given way, in response to lower prices from
the Paris Bourse. Italian Bonds of 1861, which
opened at an advance of per cent., are now
lower than yesterday, at 444 to g. Turkish of 1862
and 1865 havedeclir.ed to per cent.,viz., to 63 to
64 and 314 to 1, respectively, and several of the
other speculative descriptions, 4 to 4. Greek are
at 124 to 4 ; Spanish Passive, 182 to 19 ; ditto
Certificates, 164 to 4 ; Chili= Scrip, 1 dia. to par ;
Egyptian, 1864, 83} to 4 ; and Mexican, 14/ to
13} .

American securities have risen per cent. The
5-20 Bonds are quoted 70k to It ; Erie Railway
shares, 47 to ; and Illinois Central, 80 to 4.
Anglo-American Telegraph shares have improved
2s. Gd., the present price being 17,1 to ; Atlantic
Telegraph Eight per Cent. Preference are called
3i to being steady.

As regards financial shares, International Finan-
cial have improved 2s. 6d., viz., to 211 to 2n dis.,
and General Credit are rather firm, at 21 to 2 die. ;
London are at 24 to 23 dis. ; and Credit Foncier,
6i to 6.1 dis.

Bank shares are without change. London and
Westminster, 70 to 72 ; Union of London, 37 to
38 ; Alliance, 12 to 11 dia.; Chartered Mercantile of
India, 27 to 28 ; London and County, 54 to 55 ;
and Oriental Corporation, 42 to 44.
A meeting of the proprietors of East Anglian
Railway stock will be held ou the 15th Nov., for
the purpose of taking into consideration certain
terms of arrangement proposed by the board of the
Great Eastern Railway Company.
Birmingham advices announce that Messrs. C. W.
James and Co., hardware merchants, have forwarded
a circular to their creditors enclosing a proposition
for private arrangement. The liabilities are not
heavy, but asmall dividend appears to be expected.

HALF-PAST ONE O'CLOCK.

The markets for public securities remain fiat.
Metropolitan stock has declined to 120} to 1,
Lancashire and Yorkshire to 1261 to 1271, and
Caledonian to 871 to 2.

HALF-PAST THREE O'CLOCK.

The stock markets are slightly firmer, a more
favourable view being taken with regard to Italian
affairs. Consols are unchanged, at 94} to I, both
for money and the account, but Italian Bonds of
1861 have risen to 44g to g. Some of the English
railway stocks arc also better.

About 78,0001. in bar gold for the Continent,
and 20,000 sovereigns for Egypt, have been with-
drawn from the Bank.

The report and accounts just issued by the
Great Indian Peninsular Railway Company de-
monstrate
the increasing importance that attaches
to the question of the supply of fuel on this com-
pany's now extensive system. It appears that the
cost under this head amounted to one-tenth of
the whole receipts of the company, and to one-fifth
of the net receipts. The net increase in the last
half-year's expenditure under all heads as com-
pared with the corresponding half of 1866, is
64,8771., of which 58,4781. has aria= in the
locomotive department alone. Thus it is ,
solely owing to the very satisfactory increase
of 161,5891. in the aggregate receipts that the per i
centage of expenditure on gross receipts has been !
reduced from 46.79 per cent., to 45.69 per cent. on
a comparison of the two half Years. It is evident
that the cost of fuel is a matter of growing im-
p.ortance to this company, for it expended on
coal, coke, and firewood, including charges for
transport, &c.," in the last half-year, no less than
119,5991. 6s. Id., being equal to 12.24 per cent. on
the gross receipts, and to 17.81 d. per train mile,
against 77,6801. Bs. 9d., or 9.52 per oent. on gross
receipts, or 15.01 d. per train mile, in the corre-
sponding half of 1866. This increase shows the
result of the system at present adopted by the com-
pany
of importing every ton of coal used by them,
instead of availing themselves of the coal deposits
along their line, whence, it is said, a considerable
portion of the needful supply can be procured at
about one-third of the price now paid. The matter
is the more important, because the presentaccounta,
being made up to the 30th of June last, do not
show the effects of the disturbance of the freight
market occasioned by the Abyssinian expedition.
The London and North Western Railway traffic
return shows this week an increase of 4,9971. over
, last year ; the Midland an increase of 3,174/. ; the

loreat Northern an increase of 3,983/. ; and the
Great Eastern an increase of 1,4971.
The traffic return of the Grand Trunk Railway
of Canada, for the week ending the 12th inst.,
shows a decrease of 2,2001., compared with the
corresponding period of 1866.
At the half-yearly meeting yesterday of the
Regent's Canal Company, a dividend of 13e. per
share was declared, free of income tax. This will
absorb 17,5611., and leave 421. to be carried forward.
Vise-Chancellor Malins has appointed Mr. Ed-
ward Addis, of the firm of Addis and Harris, of the
Old Jewry, official liquidator of Samuel Bestow
land Company (Limited .
Creditors of " The ndon (Limited)" are re-
quired to send the particulars of their claims to
Mr. Edward Mesnard, the liquidator, by the 18th
November.

A wholly unauthorised use has been made of the
name of the London and Westminster Bank u
bankers in connection with a " Lambeth Monster
Money Club," with " 103,000 members at 11.
eacb," and the promise of "prizes." In conse-
quence of circulars respecting this scheme having
been extensively sent out, inquiries have been
made at a " coffee and chop house " in Lambeth,
such being the address to which letters and Post-
office orders are invited to be sent, but the answer
is that the so-called manager is not known there.

MINIM-(TEM DAL)

On o'Ciosz.

The mining market is firm to-day, with a fair
amount of business. Annexed are the quotations:
—West Chiverton, 671 to 681 ; North Chiverton,
44 to 4 ; North Treskerby, 365. to 38a. ; East
Lovell, 84 to 4 ; West Caradon, 74 to 4 ; Great
Vor, 171 to 18; West Great Work, 133 to 4;
North Crafty, 34 to 4 ; Wheal Grenville, 31s. to
325. ; Wheal Seton, 106 to 1074 ; East Russell,
14 to 2 ; Prince of Wales, 525. to 535. ' • Rut
Caradon, 53 to i ; West Kitty, los. to 20s • Great
Retallack, 31 to 1 ; Drakewalls, lls. 6d. to 12s. 6d;
and West Drakewalls, ss. to 68.
Don Pedro shares are firm at the improvement
of yesterday, the present price being 21 to 24 prem.
Other foreign and colonial mines are steady. St.
John del Rey are quoted 69 to 60 ; Anqlo-Brazi-
i lien, par to 1 prem. • Pestarena, par to prem. ;
Chontales Ito 1 di;. ; Rona Grande, to 4 ;
Anglo-Italian, par to 4 prem. • United exican,
2 to 4 ; •Frontino and Bohvia, 4to 4 ; Port Phillip,
11 to 14 ; and Central American, f dis. to par.
At the Otea Copper Mining Company's meeting
yesterday, a resolution was passed in favour of the
undertaking being wound up voluntarily.
At the meeting of the Port Phillip and Colonial
Gold Mining Company held yesterday, the resolu-
tion proposed for making a further distribution of
Is. per share on account of tenth dividend, payable
on the Ist proximo, was carried, and also a resolu-
tion empowering the directors to make further dis-
tributions, when they have sufficient funds in hand
out of realised profits, without the formality of
calling an extraordinary general meeting of share-
holders to confirm the same. After payment of the
distribution declared it leaves 3,4351., as against
1,8811. carried forward on the declaration of pre-
vious distribution.

It is intimated to shareholders in the Carmaux
Mines Company that the first dividend on account
of the profits of the present year has been fixed at
10 francs per share (less 21 cents, the French tax),
and will be payable from Nov. 2.

t.

Stnt Rug.

THE WINTER EXHIBITIONS.

The first exhibition of the winter fine art season,
which has now become so completely accepted as a most
agreeable antidote to the fogs of November, is now open
at the French Gallery in Pall-mall, where Mr. Wallis
has transferred his interests from the Sutfolk•street
gallery. filr. Wallis deserved well of his public when he
arranged the very remarkable exhibition of pictures by
English and foreign artists last winter season, and showed
what could be done by enterprise and something more
than au ordinary dealer's taste in the selection. We had
the opportunity then of seeing more important works by
some of the best painters of France and Belgium —such as
Meissonier, Oeroine, K Fries, Jabibert, F. Plume* A.
Bonheur, Dubuffe, end I. Bonnat—than had perhaps ever
been brought together in this way before. An excellent
idea of the various styles and methods of the foreign
schools was to be gained by such a display, and in some
respects the present exhibition, in a gallery of
limited dimensions, would not be comparable with
it, were it not that the greatest interest has
been given to the exhibition by a single picture,
on the largest scale, painted with very remarkable techni-
cal ability ; and what enhances the interest so much is that
it is the work of an English artist—Mrs.Benham Hay. The
name is by no means new to our exhibitions, as those will
know who remember a pleasing little picture at the
Academy of a fair English boy and a ragged peasant lad of
Tuscany playing together, called " England and Italy," or
the more ambitious attempts of her " Tobit and the
Angel," and "The Return of the Prodigal." All these, how-
ever, bear scarcely any closer relation than experimental
attempts to the important work now brought before us,evi-
dently after some years of devoted study and more ripened
faculty. When we say that this picture is about 16 feet
long, somewhat narrow in proportion to the length, con-
tains some twenty figures, and is painted throughout
with singular completeness and finish, some idea may be
gathered of the mere technical labour that hasbeen brought
to a task enough to daunt many a man of our most expert
painters. Indeed, we can call to mind exceedingly few
picture., with the exception of the largest works of Mr.
Frith, that can bear comparison with this of Mrs. Hay's in
thoroughness of work from background to the nearest
detail of the foreground. As to other qualities, we shall
speak of them after describing the picture.
Without quoting the long description of the catalogue,
the subject of the picture may be made intelligible as a
procession of some of the enthusiastic followers of Savona-
rola, who went out every day during the carnival of 1497,
to collect objects for the " burning of the vanities," which
the hero religionist himself encouraged every evening in
the great square of Florence.

Pluott.