The Express.
London, England, 1867-05-07 00:00:00

Total lO2
PLAYERS.

MONRY AIIABILNY.-(111Th DAY.) rupee paper, 1025, 2 ; ditto Five-and-a-Half per
On &Mate.
Cent., 108, 75 ; ditto Five per Cent. Debentures,
igs, 4,
The dealings in public securities to-day are to a The India Five per Cent. Stock was rather dull.
fair extent, and the tone of the various depart- Exchequer Bills remain at 20s. to 255. prem.
meats is rather firm. Notwithstanding the roduc- The foreign stock market opened firmly, but
d
tion yesterday in the French funds, there is an afterwards gave way, and closed with a heavy ap-
ealrirczr:d owing. the receipt of pirti;iels frontwero
increased belief that the Conference will arrive atof
a satiafactffy solution of the Luxemburg dealt in in the morning at 481, being rather better
question. The quiet manner in which the than on Saturday, but in the afternoon sales were
Reform demonstration passed off yesterday, corn- pressed, and the last price was 1 per cent, lower.
Turkish of
.1.865 (Six per Cents.) fell 2 per oent..;
blued with the fine weather and the consequent
(Fivedto of
4.lBtetsl
idtoitto. of 1858, 1858, 1862, and
1852,165
drooping tendency of the corn market, has also in-
duced some transactions for a rise. Co' noels__ are Mexican' ; Brazilian
and Russian 'scrips
without variation, but foreign stocks and British t ; sad Spanish Nave and Certificates, 4.
railways have improved. The latter have
been bought to a considerable extent
by the recent speculators for lower prices. Lon-
don, Brighton, and South Coast stock advanced
per cent. this morning upon the issue of the direc-
tors' report, but has since relapsed to the last price
of yesterday. Grand Trunk of Canada and the
Great Western shares are better, owing to the an-
nouncement that an amicable arrangement 1,48
been entered into by the two companies.
The discount market is rather quiet to-day, but
the rates for choice bills are not below the Bank
minimum. Short advances on English government
securities are obtainable at the Stuck Exchange at
2 to 25 per cent.
Consols are now quoted 91 to n for money
and next Thursday's settlement, and 911 to 1 for
the Gth of June. The Three per Cents. Reduced
and New Three per Cents. are steady, at 891 to 1.
Foreign stocks are inquired for. Italian bonds
of 1861 are in good demand, and have advanced $.l
per cent. Mexican have also risen 4, and Turkish
of 1865 and Spanish Certificates, 1. Turkish
Bonds of 1865 are quoted 281 to 29 ; Greek,
134 to a ; Spanish Passive, 20 to 1 ; ditto Certi-
ficates, 13 to 1; Italian of 1861, 48 to 1 ;
Mexican, 151 to 16.
Bank shares are quiet, but Union of London
have experienced a recovery of 21, viz., to 38 to
40. Alliance are quoted 11 to 10 dia., and Im-
perial Ottoman, 2 to 11 dis.
Financial and miscellaneous shares exhibit steadi-
ness. International Financial are quoted 21 to
dis. ; London Financial, 235 to 225 dia. ; General
Credit, 21 toe dis. ; Credit Foncier, to 5 dis. ;
National Discount, 61 to 7/ prem.; and Hud-
son's Bay, 16 to 1.
United States 5-20 Bonds and Illinois Central
Railway shares are unaltered, at 711 to 5, and
755 to 76 respectively, but Erie have declined 5 per
cent., the present price being 411 to 421.
Atlantic Cable shares are firm. Anglo-American
are quoted 181 to 19, and Atlantic Telegraph Eight
per Cent. Preference, 4 13-16 to 15-16.
A petition for the winding up of the North At-
lantic Telegraph Company is to be heard before
Vice-Chancellor Malins on the 31st inst.

MINER.-(71118 DAY.)

OMB O'CLOCZ

There is an increased amount of business in the
mining market to-day, and the general a urse
prices is rather favourable. Shares in the follow-
ing mines have beau chiefly dealt in, at the quota-
tions given, viz.:—West Chiverton, 67 to 69;
North Crofty, 41 to 5 ; Clifford, 43 to 5 ; Cruet
Retailed:, 41 to ; Prince of Wales, 52a. 6d. to
55a. ; Wheal Beton, 100 to 110; North Chiverton,
4,1 to ; East Lovell, 9to 1; East Cern Brea,
21 to ; and Frontino and Bolivia, Bs. to 10s.

RAILWAYS-(THIS DAY.)

thrs o'CLocc.

The railway market is firm to-day, and prices
have improved. Great Northern original) stock
has advanced 1 per cent. ; ditto A, ; South East-
ern, g ; Metropolitan, London and orth Western,
Midland, and Lancashire and Yorkshire, 1; and
Great Western, Great Eastern, and London, Chat-
ham, and Dover, 4. North ritish, however, is i
lower.
Metropolitan stock is now quoted 1161 to 4 ;
Great Western, 402 to 41 • London and North
Western, 1122 to 113; Midland,lo9l to 1104 ; Lan-
cashire and Yorkshire, 1221 to 1 ; Caledonian,
1061 to 1074 ; South Eastern, 621 to 5 ; Great
Eastern, 28 to 4 ; Great Northern' 111 to
112 ; ditto A, 1114 to 112 i ; London, Chatham,
and Dover, 16 to i; North British, 33 to
34 ; and Brighton, 575 to 58.
LFer today's Share list see page 4.1

-- - -
COMMERCIAL AND MARKET'S

HALF-PAST ONE O'CLO, K.
Consols have risen per cent., namely, to 91,1, to
for money and the 9th Mit., and 91} to I for the

new account.
About 50,000/. in " chipped " sovereigns was
withdrawn from the Bank yesterday.
The Deutschland, from New York, has brought
36,9841. in specie, and the Syria, from Alexandria,
4,5001.
It is announced that the negotiations to which
the chairman of the Grand Trunk and Great
Western Railways of Canada referred at their late
half-yearly meetings as being then in progress,
have now been brought to a successful termination,
a memorandum of agreement having been settled
by the two boards. The principle of the agree-
ment is to charge equal rates and fares for compe-
titive traffic, and a division of all traffic for which
the two companies compete in Canada. There are
also stipulations preventing any unnecessary out-
lay by either company for new lines, and for the
joint working of the stations of the two lines where
they come in contact. It is believed that the
result of this agreement will be not only to obtain
more remunerative rates for the existing traffic,
but also to develop the traffic of both companies
with, at the same time, a reduction in the working
ex penes.
The annual report of the directors of the
Chartered Mercantile Bank of India, London, and
IChina, to be presented at the meeting on the
21st inst., states as follows :
The directors now submit to the shareholders the audited
balance-sheet, profit and loss and reserve fund accounts
for the year ending December :i1 last. From these it will
be seen that the profit amounts to 102,221/. 'tor. 2d.. to
which has to be added 2,7131. 14s. 24
~ brought forward
from the previous year, making • total of 104,9341. 17e. 4d.
A sum of 75,000/. bas been paid in two half-yearly (Bei-
demi' of 5 per cent. each. The shareholders will probably
have anticipated from the disastrous events of 1866, that
the results of the bank's operations for that year have been
unsatisfactory. Looking forward to the possibility of
continued danger, the directors considered it their duty to
curtail as much as possible their business at all points, and
it will be seen from the accounts that this policy has been
strictly carried out, though at the cost of a very
mat reduction of the usual profits of the bank.
In the report of last year it was stated that losses of an
exceptional character had been incurred at Bombay in
1866. Full provision was made for them on closing the
accounts for the year, in accordance with the report re-
ceived from the branch, but the amount proved to be
insufficient, and this, added to losses incurred in 1866
though these have been comparatively mail—has necessi-
tated a heavy sum being withdrawn from the meree
fund, which now stands at 145,902/. 14s. 6d. The direc-
tors, however, express the confident opinion that, all fur-
ther danger having now prated away. s prosperous future
may be fairly reckoned on, more especially as the previous
excessive banking competition is much reduced, and the
great laxity consequent thereon no longer exists. Since
the date of the last report, Mr. Robertson, the chief
manager, has personally inspected every branch in India,
Chins, and Japan, and the directors are gratified in being
able to state at the result of his inspection has been per-
fectly satisfactory.
The traffic return of the Great Western Railway
of Canada for the week ending the 19th ult. shows
an increase of 1,0541., compared with the corre-
sponding period of 1866.
The fall which has taken place recently in the
shares of the Union Bank of London, has been
caused by rumours respecting the relations between
this company and the Brighton Railway Company,
to which they are bankers. In order that the real
state of the matter may be rightly understood. we
have been officially furnished with a statement from
which it appears that the extent to which the rail-
' way company have overdrawn their account with
the bank is 538,000/. , and that the railway company
have lodged as collateral security 700,0001. of
their Five per Cent. Preference Stock. Whatever
opinion may be entertained with regard to the
prudence of a banking lock-up to this extent, it
must be borne in mind, on the other side, that the
bank has not bought the stock, and retains its full
right to come as a common creditor against the
railway company in the extreme event of any
balance remaining unprovided after sale of the
collateral security. The bank, however, being thus
well secured, will doubtless regard it as equally in-
judicious and unnecessary to take any such strong
measures against so good a customer. It seems
desirable that this explanation should go forth, in
correction of several loose statements that were
circulated yesterday by rumour.
Creditors of the Alexandra Hall Company (Li-
mited) are required to send the particulars of their
claims to Mr. Charles H. Holt, of Manchester, the
liquidator, by the 18th inst.

Mosrosr Warm.
Consols, which closed on Saturday at 914 for
money and next Thursday's settlement, opened
this morning at 91/ to 1, and closed at 91 to t. For
the Gth of June the last price was 914 to I. The
Three per Cents. Reduced and New Three per
Cents. were quoted at 3 o'clock 89/ to f. The offi-
cial business report is as follows :—Three per Cent.
Consols, for money, 91,4„ I ; ditto, for account, 91/,
; Three per Cents. Reduced, 891, A ; New Three
per Cents., 891, j, ; India Five per Cent.
Stock, 110 e, x,10; ditto Five per Cont. "enlaced"