The Express.
London, England, 1866-07-04 00:00:00

TELEGRAPHIC INTELLIGENCE.

(arum's =scum.)
THE PROSPECT OF PEACE.

PARIS, JOLT 5, Room.
Great excitement has been caused in this capital
by the announcement made by the Monitewr of
to-day.

In several streets flags have already been ex-
hibited in sign of rejoicing at the prospect of peace.
French and Italian funds have risen con-
siderably.

MONEY MARKET.-(THIS DAY.)

ONZ O'CLOCI.

Considerable excitement has been caused in the
stock and share markets to-day by the important
intelligence that the Emperor of Austria cedes
Venetia to the Emperor of the French, and
accepts his mediation for the conclusion of
peace between the belligerents. All public
securities have risen greatly. Consols are
in strong request, and have advanced per cent.
An important rise is also observable in British
railways and foreign bonds. Italian of 1861 are in
prominent request, and show a rebound of no lees
than 81 per cent. The upward movement extends
to American securities, banking and financial
shares, and foreign railways. Lombardo-Venetian
Railway shares are 21. bs. higher than yesterday.
The directors of the Bank of England have sepa-
rated without making any change in the rate of
discount.

The demand for money in the general market is
quiet, and the supply good. The rate, however, is
maintained at 9# per cent.
Consols are now quoted 87f to #, ex div., for
money, and 87f to 1 for the 10th inst.
There is an extremely active demand for foreign
stocks, which have attained a very important rise.
Italian Bonds of 1861 are exceedingly
buoyant, and have improved 81 per
cent.; Turkish of 1865 have also advanced
21 ; Turkish of 1862, 2 ; Brazilian scrip, 1 ;
Spanish Passive and Certificates, 1 ; and Greek
and Mexican, 4.
Turkish Bonds of 1862 are now quoted 52 to 54,
ex div. ; ditto of 1865, 30} to 1 ; Greek, 11 to 12 ;
Spanish Passive, 191 to 20 ; ditto Certificates, 151
to 16 ; Italian, 1861, 534 to 54; Brazilian scrip, 3
to 21 dia.; and Mexican, 144 to;.
United States 5-20 Bonds have improved 1j per
cent. ; Erie Railway shares, 11 ; and Illinois Cen-
tral, 2. The present prices are subjoined :-5-20
Bonds, 67 to ; Erie Railway shares, 39 to 40 ;
and Illinois Central, 77 to 1.
International Financial shares are now quoted
14 to I.g dia. ; London Financial, 14 to 12 dis. ;
General Credit, 11 to 14 din. ; Credit Foncier,
1 to 01 dia. ; and National Discount, 7} to 1
pram.

At Paris this morning the Three per Cent. Rentes
opened at 70fr., showing a fresh rise of I
per cent. Later telegrams announce a further im-
portant advance. The telegrams state that great
agitation prevails upon the &nine.

HALF-PAST THREE O'CLOCK.

Consols are now quoted 871 to 4, ex div., fcr
money, and 874, ex div., for the accouLt, being 4
to I per cent. worse than at 1 o'clock. Most other
securities have also experienced a slight
unfavourable reaction, the important rise
having brought forward " sellers," as might
reasonably have been expected. Italian Bonds of
1801 have been dealt in as high as 57, but are now
per cent. lower than when wo last wrote, the pre-
sent quotation being 53 to 4.
No bullion operations have occurred at the
Bank. The demand fur money has been quiet.
The steamer Hansa, from New York, has brought
158,5001. in specie for England.

The biddings for bills on India took place yester-
day at the Bank of England The pr, portions allotted
were to Calcutta, 11,46,000 rupees ; to Madras,
40,000 rupees ; and to Bombay, 2,00,000 rupees.
Tho minimum price was fixed at Is. 10d. on Cal-
cutta and Madras, and Is. 10/d. on Bombay. All
tenders at and above the minimum will receive in
full. These results show a further diminution in
the demand for the means of remittance to India.
Although government have submitted to a fresh
reduction, equal to nearly 2 per cent. in the terms,
they have succeeded in selling bills to the amount
of only 138,0001. out of a total of 3:10,000t. offered
on the present occasion.
The following circular has been sent to the
shareholders in the General Exchange Bank
(Limited) :
79, Lombard-street, London, 4th July.
Notice is hereby given, that en extraordinay meeting of
the shareholders of this bank will he held on Tuesday,
the 10th day of July instant, at the London Tavern, at 12
at noon, precisely, to take into consideration the present
position of the bank, it having been considered that for
the interests of the shareholders and creditors the business
should be transferred to a new bank, to be immediately
formed, in which each share off 11. in " The General
Exchange Bank (Limited)" will be changed to five shares of
11W. each, and credited with 31. per share, rind the recom-
mendation of the directors for voluntary winding-up the
bank, by which means loss to the shareholders will be
avoided, and a much earlier payment of the creditors in
full ensured. Those members who apply for shares in the
new bank will immediately resolve themselves into a
meeting of the shareholders of the General Banking Com-
pany, to elect the directors of that hank. The books of
the bank are being examined by Messrs. Johnstone,
Cooper, Wintle, and Evans, and their report will be pre-
sented to the meeting.—By order of the Board,
PATRICK WOOD, Secretary.

Formal notice is given to creditors of the Joint
Stock Discount Company (Limited), that they are
required to send the particulars of their claims to
Mr. R. P. Harding, the official liquidator, by the
20th inst., the 30th having been appointed by the
Master of the Rolls for adjudicating upon them.
The Ottoman Railway Company's line was opened
through to Aidin on the let inst.
The prospectus of the London Stock and Share
Company (Limited) is in circulation, with
a proposed capital of 100,0001., of which
one-half, in 10,000 shares of U. each,
is to be issued at first. On these shares
11. is to be paid on application and the
remaining 41. on allotment, leaving no further
liability. The business of the company as de-
cribed in the prospectus, is to " consist in negotiat-
ing, as agents, the sale of stocks, shares, bonds,
and securities of all descriptions, through the
medium of public auction, or otherwise:" but ad-
vances are also to be made on marketable securi-
ties. It is urged that the undertaking is unique,
and that there is no reason why the practice of
sale by public auction, which is universally adopted
in the case of produce and many other descrip-
tions of property, should not be equally successful
with many kinds of public securities, especially
those which are not readily marketable. The
board is composed as follows :—Mr. Charles Cap-
per, M.P., chairman, Mr. William Hawse, deputy-
chairman, Mr. William Cremer, Mr. William A.
Langdale, and Mr. Edward M. Meadows.
A general meeting of the Natal Land and
Colonisation Company (Limited) is called for the
17th inst.
At the annual general court of proprietors of the
Atlas Assurance Company, held yesterday, a divi-
dend of 13s. 6d. per share, free of income tax, was
declared. Mr. James Pattison Currie was elected
a director, and Mr. Charles Gassiot an auditor of
the company.
From the annual report of the Perpetual Invest-
ment and Building Society, presented at the meet-
ing yesterday, we make the following extracts :
The business of the pest year his been greater than is
any 1)n-ceding one. One thousand nine hundred and
twenty-eight new shares have been issued. The sum of
20,8361. 7s. 3d. has been received upon realised shares,
upon which, with the previous investments apes each

Ibises, interest has either been paid half-yearly, or credited
at the rate of 4) per cent. per annum. The sum of 20,6811.
Ba. 10d. has been repaid to shareholders upon realised
shares withdrawn, leaving, inclusive of interest, the gam
of 91,5861. 111. 2d. invested upon such shares. The sum
of 30,9001. 6e. 6d. has been received upon subscription
shares the year, whilst the sum of 14,359/. 19e. 9d.
has bees for shares matured or withdrawn. All sub-
mrapiton shares hare been credited with the amount of
rawest due thereon, and the balsam remising invested
won such shares, inclusive of interest and bonuses, is
1.11,568/. 12s. 9d. The total amount of interest, paid or
credited upon the share account for the past year, is
8,425/. 16a. 15d. The sum of 3,966& 4s. 7d. has been ap-
tr?PrMd amongst the holders of subscription shares,
iai
equal to • -bonus of 6 per cent. upon all shares en-
titled thereto. The sum of 14,185/. 15s. 4d. has been re-
ceived for interest upon loans during the year. The '
balaoce now re • • due to the society upon loans is
196,376/. Ba. lfkl., whit amount is amply secured.
At an extraordinary general meeting of
Twelvetrees (Limited), held at the Imperial a= .
Bromley-by-Bow, yesterday, Mr. Joe. A. Homer
in the chair, it was unanimously resolved, that the
resolution previously adopted altering the ob-
jects and designation of the company to the
" General
firmed. Trading Company (Limited)" be con-

With reference to the market for American,
securities, Messrs. Satterthwaite and Co. report as
follows :

Since our last, advices from New York have brought a
fall in gold (after touching 68f), to 414, and 11l 'Lent
rally to b 2, The London market for Americea
however, has not experienced any material &hustles.
Eries have been premed for sale? and touched 37, closing
to-day 37i to 38, being a reduction of half per cent. on the
week. Illinois, on the contrary? show an improvement of
per cent., and 5.20 upon continental and home demand
have advanced 11, closing firm at 65f to G. `Virginian Ka
per Cent. Bonds have also risen 2 per cent. There have
been considerable transactions in Atlantic and Great Wee-
tern Consolidated Mortgage Bonds and Debentures, the
low price attracting buyers.

The particular; are published of a number of
bonds of the Egyptian Government Loan of 1862
of both issues, which were drawn at the Bank of►
England on the 2nd iruit., and are to be paid off at
par on the let September.
Tips following is from the monthly trade circular
of Biesars. T. J. and T. Powell, dated yesterday :
The month of June is usually a dull time in the leather
trade, and the prolonged maintenance of the extremely
high rate of discount necessarily tends to a further restric-
tion of business. Still a better feeling has recently pervaded
the market, sufficient to show that greater activity would
prevail with an easier money market. Very little altera-
tion has taken place in price. ; with the exceptions of the
medium class of English butts and offal, previous quota-
tions are generally maintained. The effect of the conti-
nental war on our leather market is not easily estimated.
At present it has not imparted to it the slightest stimulus,
but there is no doubt that the destruction of leather must
be enormous, and that should the contest be of long con-
tinuance, our market must ultimately, directly or indi-
rectly, feel some of the effects of the demand thus pro-
duced. In raw goods the principal feature is the supply
and sales of South American bides. Other goods show
very little change in the imports or stocks ; the chief
transactions have been at the public sales. at
which, so far from the war increasing the inquiry,
the absence of export demand was remarkable. Primo
have undergone very little variation. At Loadenbail yes-
terday the business .lone was very limited, although there
was an ample supply of almost all articles. Prices were
stationary.

WEDNESDAY EVINING.
Consols, which closed yesterday at 86g to I, az
div., for next Tueaday's settlement, opened this
morning at 861, and, after rising to 87 to
closed at 86/ to 87. For money the last price
was 862 to • and for the August settlement, 87}
to g. The official business report is as follows
Three per Cent. Consols, for money, 865, 7 ; ditto,
for account, 86/, 7 ; Three per Cents. Reduced,
851, 6/ ; New Three per Cents., 851, 6/, 5/ 6*;
Bank Stock, 240, 3 ; India Stock, shut ; ditto,
Five per Cent., 1031, 1,3, ; ditto " enfaced"
rupee paper, 101.
The India 5 per cent. stock remains steady. The
March Exchequer Bills were quoted Be. dis. to
par, and the June be. elis. to be. prem.

MINES.-(THIS DAY.)

Owi o'CLoca.

The dealings in British mining shares con-
tinue upon a very moderate scale, and prices
show no change of any importance. East Caradon,
Prince of Wales, and Great Vor are inquired fur.
West Chiverton are now quoted 644 to 67} ; East
Caradon, 6i to j ; Great or, 20 to 21 ; Prince of
Wales, 14s. to 16s. ; Tresavean, 5 to 6 ; Ilerodsfoot,
30 to 3241 ; East Grenville, 24 to ; North Tres-
kerby, '2 to ; and Chontales, I,i to prem.

COMMERCIAL AND MARKETS.

LIVERPOOL COTTON MARKET.
(THIS DAY.)
(e lIL[ITRIO AND INTIRNATIONAL TILEGRAPH.)
(PROM OUR OWN CORRESPONDENT.)
The market continues very steady, and prices are rather
harder. Sale foot up 12,000 bales.