The Express.
London, England, 1858-07-22 00:00:00

THE _ 'OEM THURSDAY EVENING, JULY 22, ISM

SHAMS Llel&-1HI8 DAY.

Two dawn.
The railway share tearket to-day, though very
inactive, is well supported, at the closing quotations
et yesterday. Great Northern stock is in demand,
and has advanced to 261 to per share. London and
North-Western stock is quoted 911 to 92; Groat
Western. 49 to ; Lancashire and Yorkshire, 9lj
to 92; London and South-Western, 47 to 1 per
share; and EaaternCounties, 121 to I.
The Canadian shares remain dull at the late
reduction. The Brasalian and other foreign lines
are very quiet. Indian shares are also nominally
unaltered. East Indian railway stock is quoted
1011 to 102/.

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MONEY MABEEI-THIB DAY.

Two o'CLocx.

The funds remain very firm, and a fresh improve.
ment of 1 per cent. has just been established. In
all the other departments of the Stock Exchange
prices are also well supported, although there is a
general lack of business.
Consols for the 6th of August, after standing
during the greater part of the day at 931 to 1, have
advanced within the last half hour to 981 to For
money the present quotation is 951, " buyers:,
The Three per Cents. Reduced have been dealt
in at 961 to ; the New Three per Cents. (a
parcel of which has been taken by the government
broker), at 96 to 961; Bank Stock at 224 to
228, showing a further advance; Exchequer Bills,
March, at 355. to 364. prem; ditto, June, at
235. to 265. prem.; Exchequer Bonds, 1860, at
100/ ; and India Bonds at 15s. to 194. prem.
The foreign stock market is more active. Turkish
Six per Cents. remain quoted 96 to 1. Sardi-
nian, Russian, and Venezuelan Bonds are in
demand and very firm. The scrip of the New Bra-
zilian Loan is quiet, at dies to par. Sales are
recorded as follows :—Brazilian Old Five per Cents.,
for account, 103; ditto Fonr-tad-a-Half per Cents.,
1832, 971; Buenos Ayres Six per Cents., for account,
801; Dutch T wo-and-a-Half per Cents., 651 (e :chez ge,
125.); ditto Four per Cent. Certificates, 1011; Equador
New Consolidated Bonds, 141 ; French Three per
Cent. Rentes, 68fr. 25c. (exchange 25fr.) ; Mexican
Three per Cents., for account, 191; Now
Grenada Two-and-a-Quarter per Cent. Active
Bonds, 201 ; Peruvian Three per Cents.,
for account 69; Portugaese Three per Cents.,
1853, for account, 01 to 461; Russian Four-
and.a-Half per Cents., 100 ; Sardinian Five
per Cents., 90/ to 90; ditto for account, 90; Spanish
New Deferred Three per Cents., for account, 27} ;
Turkish Six per Cents., 931 to 951 ; ditto for account
(July 30), 93; ditto Guaranteed Four per Cents., for
account, 1041; Venezuela Five per Cents., for se-
count, 381, 39; ditto Deferred Two per Cents., 14f.
At Paris to-day (Thursday), according to Mr.
Renter's telegram, the Three per Cent. Rentes
opened flatly at 68.25 for the account, showing
a decline of nearly per cent, compared with the
closing quotations of yesterday.
Considering the extreme wise of the money
market, and the prospect of a good harvest, there
is a growing belief that if the aspect of politics con-
tinues quiet, the stock markets will remain strong,
although this is not a period of the year at which
animation is looked for.

At the Bank yesterday little business was done in
discounts. In the open market, the supply of money
was very large, and the nearest quotation for choice
bills was 2* per oent.
The specie and bullion by the West India steamer
Magdalena were delivered yesterday. The gold,valued
at about 120,0001., was taken for exportation to the
Continent, in addition to 12,0001. in Australian gold.
The only ships actually known to be at sea from
Melbourne with gold are the Heather Bell (out 77
days), with 303,1001.; and the Eagle (out 64 days),
with 103,8001. The steamer Australasian, how-
ever, is due at Suez from Australia in two or three
days, sad her advice, will doubtless announce the
sailing of more gold vessels.
The corn market yesterday was quiet, at last Mon-
day's rates.
The sugar market yesterday was active, at full
prices. The Dutch Trading Company's sale of 97,170
baskets of Java sugar has gone off at an advance
of to 1 guilder over the valuation ; the entire
quantity was sold. Tallow retains a drooping ten-
dency.
At a meeting of shareholders in the Mexican and
South American Compald yesterday, the offer
of Messrs. Heatley and C0.,C.0 to take the company's
works, stock, &c., in Chili, for about 68,0001., was
agreed to, in accordance with the recommendation
of the committee. It appears that a call of 61. per
share is to be made immediately, to pay off the liabi-
lities of the company.
At the adjourned meeting of the Bombay, Baroda,
and Central India Railway Company, held yesterday,
the result of the ballot for the new directors chosen
in consequence of the emcees of Mr. Hartridge's
lamendment, was stated to be as follows : For the
directors as chosen by the majority at the last meet-
ing, 400 votes ; for the directors in the interest of
the former board, 206 votes.

The half-yearly meeting of the Madras Railway
Company is called for the 2nd Aug. ; that of the
Backioghamahire Railway Company for the 13th
Aug. ; and that of the Oxford, Worcester, and
Wolverhampton Railway Company for the 6th Aug.
at Worcester.

The second ordinary general meeting of the
London Discount Company is called for the 3rd of
August.
The directors of the &sottish Australian Invest-
ment Company have issued the usual accounts and
report. Of the 8,000 shares held in the Bon Accord
Copper Mining Company 3,480 have been sold, and
the premium thereon, amounting to 1,5331, has been
earned to the credit of the profit and loss account.
The gross profit of the half year is thus raised to
9,9811. A dividend at the rate of 10 per cent. per
annum is recommended, which will absorb 10,0001.,
and leave at the credit of the reserved fund 6,8251.
The directors are endeavouring to sell five other pro-
perties for from 12,0001. to 15,0001. to a new com-
pany, which it is proposed to form in London.
The London and North Western Railway traffic
return presents this week a decrease of 4,4881.; the
Great Northern an increase of 1,1111; the Great
Western a decrease of 1,7161; and the London end
South Western a decrease of 5071.

It is reported, at Paris, that the Roman Railway
Company will open the important section from
Rome to Clefts Vecchia in October next.

The recent rime in the market for bank shares,
particularly as regards the Australian descriptions,
has caused the failure of two members of the Stock
Exchange, partners, who, through en incautious ex-
tenaion of their operatioes as " jobbers," have sold a
much amount of these stocks than they are
able toiaievrer. Certain features in the case have
provoked considerable animadversion. A third
member, it appears, has allowed himself to be so
mixed ap with their desliege that he will probably
be required to make good the lawn incurred, at least
in so far as they are determined by the " making-
up " prim. In so narrow a market as that for
bank shares, however, the " making up" price, as
arbitrarily fixed by the regulations of the Stock
Exchange, represents by no means the price at
which the stock required to adjust the transactions
of the defaulters can be obtained; in some cues
an advanoe of 21. or 31. per share might be
necessary before a bona Ado supply could
be drawn into the market. In this way,
the loss involved, which is at present esti- I
mated at between 3,0001. and 4,0001., may be consi-
derably increased. The matter is not devoid of
public interest, from its bearing upon the general
position of the market for bank shares. Instead of
the recent bona Ado demand for these securities
being permitted to exercise its full and legitimate
effect upon the prices, the two members who have
hast failed have met it by selling stock which they
ve no power whatever of procuring. It is satis-
factory to know, however, that the final settlement
of the difficulty cannot be effected otherwise than in
a sense equitable towards the holders of this class of
property.
The shares in the Atlantic Telegraph Company
may be quoted 3001. to 3501.
During the last day or two, New South Wales
Five per Cent. Debentures have shown some heavi-

Subjoined are the latest quotations of insurance,
canal, and other miscellaneous shares, as given in the
last Stock Exchange List:
Ininrance Shwas:—All anal, British and Foreign, 17j;
ettlas,l7e ax die.; C,oanty, 86; Saes, 81; English Bald Seca.
tiah Law Life. 4 ; (Hobe, 98 ax die. ; Guardian. 60} as
; Indemnity Marina, 148 az bonne ; Law Fire, 314 ;

London, 89, 88 ; Legal tad General Lila, 4, 6 m dly. ;
Lherposl and London Firs sad Lib, 91 ; Marine, 87 an
dlr. ; Pelican, 491 ; Phoenix, 174, 172, 176'. Royal Ex-
change, 278 ex di,.
Gas and Coke Companies :—E 181; Great Car.
tral, 101; Imperial, 80 ex div. ; ditto, ow, 30 ex div. ;
ditto, Debentures, 210; ditto, Continental (second capital),
ax dlv. ; London Parliamentary, 30, 301 ; Ratcliffe,
161; United General, 18; Westminster Chattered, 681;
ditto, Western A, 91; ditto, B, 81.
Canal Shares :—Birmingham, 94 ; Kennet and Avon, 6
ex div. ; Reetent'A 17 ex div. ; Rochdale, 84 ; Warwick and
Napton, 9 ; Worcester an Birmingham, 171.
Waterworks Stooks:—Chelsea New Guaranteed, 25;
Rest London, 6 per Cent. Preference, 28 ex div. ; Grand
Junction, New, 85 ex dlr.; Southwark and Vauxhall, 96
ex die.; West Middlesex, 106.
Docks :—Reat sad Wast tad* 123, 122 ex Ev.i 11306°
1041, 104 es div. ; Victoria, 981 ex div. ; ditto, New, 10/

irides@ :—Hungerford, ; Waterloo, 24 ; ditto, Old An-
nuities of 81•, MX

With reference to the market for American rail-
way securities, Mr. E. F. Sattesthwaite reports as
follows:

We have had an improved market for American railroad
sesnritisa, esperially for bonds; many lota which have re-
cently been pressing on the market have been cleared off, and
some withdrawn. The demand is chiefly for these of beet
desoription, when coupons are regularly paid. There have
been asoaiderable transactions in Illinois shares, at prices
ranging from 23 to 26 de.
The Herculean and Kinnaird have arrived front
China with 1,233,8001b5. of tea.
The Lansdown has arrived from Sydney with
1,807 bales of wool, and 2,310 bags of copper ore.

WIDNINDAT KVINING.

- ----.- . --.
The funds to-day, with the exception of a tempo-
rary reaction oft per cent, were firm, at the im-
provement lately established. The last quotations
were fully equal to those of yesterday, and the
general appearance of the market at the close was
favourable. Support was derived from a large
bond fide purchase, and the daily investments by
the government brokers are not without their influ-
ence. The various markets, in the absence of all
speculative activity, are principally buoyed up by
the symptoms of a reviving demand on the part of
the public for really good securities. Railway pre-
ference stocks, and the best accredited foreign state
bonds, have been more freely absorbed during the last
few days.
Consols, which closed yesterday at 951 to f for
the sth August, opened this morning at the same
quotation, receded to 951 to f, and closed at 951,
sellers." For money the last price was about 951.
The official beldam report is as follows:—Three
per Cent. Consols, for money, 951, f, f, f, 1, f ; ditto,
for account (sth August), 951, f, f; New Three
per Cents., 96j, 96, 961; Three per Cents. Re-
duced, 96/, 96, 951 ; Long Annuities, expiring in
January, 1860, If ; Thirty Years Annuities, October,
1859, 13,1 7-16; Bank Stook, 223, 223 ; Three-end-
s-Half per Cent. Exchequer Bonds, falling payable
in May, 1859, 1001.
The New Two-and-a-Half per Cents. were also
officially marked 79f, and the Five per Cents., 113.
Exquer Bills remain firm, at the late advance.
The March bills were quoted 35e. to 38s. prem., and
the June 235. to 28s. prem.
The foreign stock market was inactive, but firm.
Turkish Six per Centa. were last quoted 95f to I.
The Guaranteed Four per Cents. remain firm, at
1041 to 1051.. Russian Four-and-a-Half per Cents.
9j were in demand, at 0 to 100. Sardinian Five per
Ceuta. were quoted 89 to 901, and Mexican Bonds,
191 to 201. Spanish, ortuguese, and Dutch stocks
are all in good request. The scrip of the New
Brazilian Loan has advanced to f dia. to / prem.
Bank shares to-day were firm, at the late advance.
Those of the London Chartered Bank of Australia
were quoted rather better. Crystal Palace Preference
shares were inquired for. London General Omnibus
have recovered to 23 to i. East and West India
Deck stock was officially marked 123 and 122 ex
div. ; London Dock, 1041 ex div.; and St. Katharino
Dock, 941.

MINES-THIS DAY.

Two o'CLoat.

The mining market remains dull. There are some
inquiries, however, for North Basset shares, which
are marked in the Stock Exchange 9i. Great South
Tolgus are in demand, and have been dealt in at 14.
East Basset are well supported, and are =irked 90.
Other descriptions are quiet.
Bon Accord Copper shares are enquired for, the
report issued by the directors of the Scottish Aus-
tralian Investment Company indicating the source
whence the recent supply of these shares has been
derived.

The half-yearly meeting of the Dun Markin Copper
Mining Company is called for the IS inst.
tt • onsting of taw ed.eateree `tieY wyl /Ind, MY lodes.
Sail at pfs ea.ll/44•.
At We of wooer fp. Ma id Oman% ea *raft MN tom
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ferent Wan: