The Express.
London, England, 1866-05-15 00:00:00

TELE EXPRESS, 'TUESDAY EVENING, MAY 15, 1866.

SHARE LISTS.-(THIS DAY.)

It. 100
it. 100
it. 100
SO all
10 all
It. 100
Bt. 100
100 all
Bt. 100
Bt. 100
Bt. 100

Bristol and Meter
:Caledonian
Cambrian
.Cork and Bandon
Cornwall
I Dublin and BellastJune
Dundee Perth,&Abd.•
East London Scrip Cart
' Do
'Olsegow and B. Western
Great F.astern Ord. S
_ Do. K. Ang.

-
15
113
74
7

'OreatNortliOt Soolland
arest Northern
Do.). A rec. no dlr. un-
Do. B tilli p. c. is paldß
Do. New Us. a' 25 pro.
Do. Ord. DeL Div. Stock
at. South & West. (Ire )
Great Western
Do.StourValtilua.Stk
Do. South Wales .. ,
Do. W. MM.—Orford
Do. Do. Newport
Lancashire &Yor
I.on..Britthtn, &Coast
iLondon ,Chatham ADov
Doillet. Erten. ABP. c.
'London & North Westn.
iLondon&SouthWestern
abet &Lincoln&
'4etropolitan

ietropoli.
Do. New....
Do. Extension ..
Metropolitan District.
Do. do. do.
Do. &fit.. John's•wood
Midland
Do. CA Shares
Do. Birm. & Derby
Mid Kent
North British
Do. Edin ,Perth,Dund
N. Eastern—Berwick
Do. 6. N. K Pure
Do. Leeds
Do. York

,100
1100
.100
25 161
St. 'lOO

.100 Do. Carlisle
1 all Do. Stock. &Darling
118 Do. do., Idoo-61
'lOO North London
7 1 Do. do., 1804
I 7 I Do. do., 1805
,100 .Nortri Staffordshire
100 N. & S. Western June
St. .100 Scottish Central
St. 100 Scottish N. II Aber. Stk
St. 100 Scottish Midland

St. 100 Shropshire lolou
St. ,100 South Devon

116 120
132 Is 6

It: .100 South Eastern
20 ' all titaines,Wokingham,de
St. 'lOO ,Taff Vale
110 I 3 Do. C
St. 100 Vale of Neath
St. :100 Waterford d Kilkenny
10 I 6 Waterloo de Whitehall
St. .100 ,West Cornwall

100 all i.
SL 100
20 S
2e all
10 all
100 1100
I.

1i,158100
5,000 100
20,00(111 5
20,000 100
10,0001100
40,000, 50
27,5001 20
ackoool 10
50,000 20

20:00P1

21,060
21,210
20,000
87,500
12,500

17,061
10,00(

io:000'
so.cool

2,066,668 SR
11,000 j 10
676,1101 St.
1,052,600 100
N 0,8661 St
1 867,071 at

89 91

64 141

57 50
55 40
34 36
121 121}
90 94
2$ 27

110} 120
92 OS
80 62
126 122
li 21 Pp:
82 SO

122
1! 111 pm
91 93

63 66
25 T 7
106 108

5641

121 f
94
26 }
120 e I

1
16428 6.} 87
81 j

1211 3

109 8 et

72
1060

loii
1021 2 3
201 191 tli

Ina el 4

Ii I
12

T-
ee Z - i - ---•

a die parl
7 sas
ldis par'
10 7 die
fl 7 dial
4 7

29 SI
18 22
4 2 614
16 13 814

7} 81pral
20 10 dill
4 2 die
4} 3141
47 49

18 20
3 40
18 22
45 47

,
34 44 pm'
SO 32
.. I

36 7 4 5
t 20 19

-2
-i
dlsl
21 lidls
2 dls par
11 8 dis
14 201

10 eche
10 9 dis
8 10
7 9
7 9

69
19

21 18

....
Is

di,

4U 39
21 184 20

pml
par ion,
1 dlr. par:
24 23
3 1 dia.
1„-.Cil?

9 81

7 sdk
'5 5 ells
S 1 dig
7 9pm
1} ?}pm
31} 22} I
73 76 I

45 47
14 16
6 3 <Us.
5 3 dia.
92 95
18 21
0 4

a6l
8
9

-
3}

21;
76 4
45i 5

WI 0

9 dial,
9 7 dis
4 2d&
111 %Mal
par Spm

73 76
43 45

27,000
20,000
15,041

4:95101
35,000

sioool

100ti25
£160,821
4277,001

1-i

io0:00(
079,971

pits par,
2 3 pall
45 60

_ 2
1 4 dla
84 00
3537
la 12 411
9 7 dla
60 62
0 5 dal
61 53

sit; 2

..100 1130 133

1100 88 71
all ST 90
100
,100

872
g(I, 070 II
d hc
an OD:C°.
617 OP.
c.,icte7lolls
~.. Do. 6 Deb.ikAng.
Do. elperctifir.
Do. 6perciJitta
t 5,806 Do. 6 perct.
/0,000 Capeot Hopett per. 1873
.... Do. do.lBoo-1900
.... Do. do. 188000
Do. do. 180041
14,000 Do.6p.e.Ap.d;Oct.l
60,
00, Coylooo Do.on,liovl. 18868, d 0..., Op. ct
78.
00,000 Do. 1872 d 0...
00,000 Mauritius. per ct.,l
00,000 Do. 1
00, Do.
00,000 Do. 1805
06,600 Natal. Gov. 6pr cent..
06,000 New Bruna.Gov.6perct.
.... New South Wake Gov..
6 p. cent.,lB7l to 1876
Do. 5 p. c.lBOl to 1892
66:000 New Zealand 6per cent.
00, Do. Spar cent
50,000 Nova Scotia 6p. c., 1876
60,000 Queensland Gov. 6p. ct.
B.Aust..Gov. 6 p. ct,1868
.. Do. 1878 and upwds.
Vie.Goy.6p. c. Jsn. July
.... Do. p. ct.Apriletoe.

WOREIGN

Ho. I Mi.

lAlamillos limited) /
Anglo-Bras.(iold(Lim )
Australian__

_ _ _ __
io,zl 5
16, 10
25,000 2
30,000 5
12, 40
10,000 20
100,000 1
25, 3
25, 2
60,000 2
20,000; 20
68,0001 1*
16,000 2
10,0001 6
103,815! 1
60,0001 4
10,000, 20
100,00% 6
. 1 1
110,000, 1
11,000' 20
43,174. 30
30,000 2
50,000 1
10,001 10
6,000 10
10,000 6
80,000' 1
75,0001 1
46,000, 2

L I Brasil. .d M. Co. (Lim.)
ICape Cop pa (Limited)
;Capri& Silver (Limited) 1
Chontaleso.& S.
!Cobre Copper
Copiapo ',Limited)
I
I:ion Pedro, N. Del Rai
Rest Del Rey (Limited)
'Fortuna (Limited)
Prontino& Bolivia Gold
'General
,Rapunda :'Limited)
Linares ;Limited)
I
Lusitanian (Limited)
IMarionita
Panulcillo Copper (L )
Pon tgi baud Silver Lead
Port Phillip
Santa Barb. Gold M. (L )
Scottish AustraL 'Lim )
St. John del Rey )I.lm )
United Mexican !Um )
Val Antigoria Gold
VallanzaseaGold,
Vancouver Coal (Lim.)
Val Stamm
Washoe Gold . Limited)
"Worthing (Limited) .
Yorke Peninsula 'Um.)
Vudanamntana (Lim.)

apaiem

FOREIGN OBLIGATIONS.

Closing prices.

-317F4
88 91
96 99

88 90
111 12i

No. I Sh 1

98 92

114 12
94 98
14 2
83 88
74 8
90 94
114 12
ei
114 U

I Pd I Cl. picas. I Palm

20,000 10
120, 5
20, 25
40,000 25
18,000 10
47,000 10
25,000 100
80,0001 5
10,0001 5
10,0001 5
6,000 50
534,780 St.
12,500 20
8,915'. 32;
50,0001 10 I
25,000: 20
12,0001 20

14 14
18 22
3 idle
8 2 clis
1)
6
Iclla par
22 27
82 88
._

MONEY MARKET.-(THIS DAY.)

Oita o'CLoos.
The amount of business in the Stock Exchange
to-day is small, the dealers being chiefly engaged
in the settlement of the fortnightly account.
In connexion with this arrangement the
failure has been announced of two firms,

brokers, but their liabilities are not extensive.
Prices generally are steady, and in a few cases a
alight advance is observable. Consols and most
foreign stocks are quoted the same as yesterday.

There is a demand., however, for Mexican Bonds,
at an improvement. London and North Western
and Great Western stocks are also better, as well

as some of the financial and discount shares. It is
believed that after the conclusion of the account

transactions will be more freely entered into.
Consols are now quoted 84 to f, with div., for

money, and 85 to I, ex div., for the account
(June 6).

The transactions in the general discount market

are moderate, most of the business being still di-
verted to the Bank of England. The best short-
dated paper has been taken to a limited extent in
Lombard-street at 10 per cent.
The foreign stock market is inactive, and prices

generally are quoted the same as yesterday.
There is a demand, however, for Mexican Bonds,
which have risen i per cent. On the

other hand, Turkish of 1865 have declined
Some of the present quotations are as follows :
Turkish Bonds of 1862, GO to 62 ; ditto 1865,
294 to 30 ; Greek, 10 to 11 ; Spanish Passive, 22i
to # ; ditto Certificates, 1511 to 16 ; Italian, 1861,
38i to 39} ; Brazilian scrip, 7i to 6i dis. ; and
Mexican, 16} to 17.
United States 5.20 Bonds are steady, at 641 to
65. Erie Railway shares are quoted 44 to 45,
being better ; and Illinois Central, 76 to 77, show-
ing a decline.
International Financial shares are now quoted
1# to 1# die. ; London Financial, 15 to 13 die. •
General Credit, n to g dis. ; Imperial Mercantile,
10 to 9 dis. ; Credit Foncier, 4to 3/ dis. ; Overend,
Gurney, and Co., 15 to 13 die. ; and National
Discount, si to 7i prem.
It is understood that the Bank hold out that
they do not consider themselves bound to make
advances upon government securities at the
present period, and that they reserve to them-
selves the right of discriminating, and refusing
to entertain such applications where they have
reason to think that the object of the borrowers is a
speculative one, and it is certain that yesterday
several loans sought by members of the Stock
Exchange were absolutely refused. Now, it would
really seem almost a work of supererogation to
point out that neither the Bank of England nor
any other body can possibly pretend to discrimi-
nate as regards the objects for which advances of
kind are sought. The Stock Exchange is merely a
channel through which the operations of the public
are conducted. Unless the dealers can have a rea-
sonable confidence, that in case of need they can
have recourse to the Bank of England for such
moderate advances upon government securities as
they may purchase in the course of their regular
business, they will have little choice but to
close their books against sellers, and the
effect of this will be that public securi-
ties would become virtually as unsaleable
as they were at the worst period of the panic on
Friday. Apart from the discreditable anomaly
which would thus be occasioned perils of a serious
kind would arise ; for what is to become of even the
most prudent bankers, possessed of large reserves
in government securities, if at the very moment
when they wish to realise them, so as to stand pre-
pared for all eventualities, their securities are ren-
dered unnegociable by the Act of the Bank of
England, an establishment which, on the present
occasion, stands forward as acting in harmony
with the government 1 The Bank have been accus-
tomed to make it ono of their boasts that they
have never refused advances upon good
securities ; with what reason, then, can
they deal thus exceptionally with the best
securities in the world—those of the British
government ? Restrictions of this sort are only too
likely to supply a handle to those who argue that
the rules and practice of the Bank of England are
not at all in harmony with the requirements of
legitimate commerce at the present day. The
truth appears to be—and we say so with regret—
that the Bank of England are lending them-
selves with might and main to endeavour to save
from actual infringement the Act of 1844, upon this
the third occasion of its proved failure. Nothing
more ill advised can well be imagined at the pre-
sent moment, when it is the absolute duty of the
Bank, by free and liberal advances upon all solid
securities, to endeavour to calm the distrust which
has obtained possession of the public mind.
The gold operations at the Bank yesterday com-
prised the influx of 2,0001., and the withdrawal of
18,0001. for exportation. Owing to the prevailing
distrust, which induces an indisposition to buy
bills on Paris, there is a demand for gold fur that
quarter, and the 42,0001. by the Persia has been
bought for transmission thither. This arises, how-
ever, merely from a dislocation of credit, and, as
confidence revives, exports of gold may be expected
to cease. From the same cause, there is also an
inquiry for bar silver for Holland, and the price
has risen td., viz., to ss. lid. per ounce.
The French mail steamer linperatrice Eugenie,
which has arrived at St. Nazaire from Mexico, has
brought 200,0001. in Mexican dollars on English
account.
The steamer La Plata, from the West Indies, has
brought 86,5001. in spec'e.
The Australian mail announces the departure of
the undermentioned ships, with a total of 271,5001.
in gold, a portion of which will be duo in about
a fortnight. The Lucibello has 3,0001. on
board ; Red Rover, 30,000/. ; Sussex, 136,0001.
Red Jacket, 45,0001. ; Golden Sea, 13,0001. ; and
the Walter Hood, 44,001.
Messrs. .Alexanders, Cunliffes, and Co., and
Brightwen, Gillett, and Co., have raised their
terms for money at call from 5i to 6 per cent. ; at
seven days' notice, from GI to 6i ; and at 14 days
notice, from 7 to 7i.
With reference to the Consolidated Discount
Company (Limited), we have received the following
communication :
28, Clements-lane, London, May 14, 1866.
Sir,—l am directed by the board of directors to inform
you that this company is continuing its business.—By
order of the board, BAYL. BAKER, Manager.
It was rumoured that mercantile failures had
taken place, especially at Liverpool, and the names
of some large houses were freely mentioned, but
there was no confirmation of any of these state-
ments.
The advisability of forming a new discount com-
pany, with a view to continue the extensive con-
nexions of Overend, Gurney, and Co. (Limited), has
been discussed in influential quarters, but, so far,
no result has been arrived at.
The following highly satisfactory letter has been
addressed by the Earl of Stradbroke, the lord-lieu-
tenant of the county of Suffolk, to Messrs. Gurneys,
the bankers, of Halesworth
Gurneys, Bankers, Haleawcath,
Gentlemen,—ln the present monetary crisis, lam
anxious to express my entire confidence in the wealth and
stability of your firm, and to prove my sincerity as well as
to give comfort to all your customers, I am willing to bold
myself responsible for the security of all balances of money
in your bands at Halerworth belonging to my Suffolk
tenants till this panic passes away.—l am, gentlemen, your
obedient servant, (Signed) BTRADBIROKE.
33, Belgrave-square.