The Express.
London, England, 1866-09-10 00:00:00

MONEY MARKET.-(THIS DAL)

on WOrsien.
The stock markets are very steady to-day, not-
withstanding the unsettled weather and the lasi-
tivity of business. The funds are stationary.
British railways are in several cases fractionally
higher, and this department is well supported. The
foreign market is also tirm, especially for Italian
stocks. Telegraph shares are in demand, and sets-
ral large transactions have been effected at advanced

prices.
Consols are now quoted. at 891 to i for money,

and at 891 to 1 for the Bth October.
Money is in rather good demand, but the supplies
are ample, and the general rate for first-class bilis
'

is 41 per Cent. On the Stock Exchange the term
are 4 per cent. for short loans, with very little in-
quiry. . • t
Italian bonds of 1861 are still in demand, and
are higher, at 58 to 69. Mexican are also better,
at 161 to 17. Spanish Passives are quoted 221 to
23 ; Certificates, 151 to 1. Brazilian Loan scrip,
to 24 die. ; Turkish of 1862, 57 to 59 ; &Kg,
1865, 30 to 1. _ _ .

International Financial shares are quoted li:to
1 dis. ; London Financial, 13 to 12 dia.;
General Credit, 11 to dis. ; Credit Fonder, 3}
to 2f, dis. ; and National Discount, fit to prem.
Anglo-American Telegraph shares are firm,
at 17i to I, being I higher, and Atlantic Telegraph
have experienced a fresh rise of 55., viz., to 61 to I.
The Tanjore has brought 137,2121. specie from
the East.

The National Bank of Belgium has lowered its
rate of discount from 4 to 3 per cent. The higher
rate has prevailed since the 28th July.
The dividend of 10s. per cent., which became
due on Equador Bonds on the let Nov., 1864, is
announced as payable on the 21st inst.
The amount of government bills on India for
which tenders will be received at the Bank of Eng-
land on the 19th inst. is rupees 30,00,000
(300,000/ )
It appears that we may at length calculate on the
approaching settlement of the Hudson's Bay ques-
tion, hitherto delayed through various difficulties.
The conditions of a settlement now appear to be re-
duced to little more than a matter of arbitration.
The company are understood to ask 2,000,000/. for
the sovereignty and the bulk of the freehold, while
the Imperial government have long undertaken to
guarantee 1,000,0001. ; but it now appears that both
parties have agreed to the principle of arbitration,
and that the names of two eminent arbitrators have
already been suggested. The shareholders may,
therefore, look to a bargain being struck at some
intervening price. The latest proposal appears to
be that the company should sell, with the sove-
reignty, three-fourths of the freehold, reserving to
themselves ono square mile out of four, and retain-
ing also rights in the hunting grounds. Fur this
fourth of the freehold the company may exercise
the right of issuing land warrants on the Stock
Exchange ; and as the Imperial and British Arne-
scan governments propose to carry out a system of
colonization in earnest, it is likely that this will
prove a source of increasing value to the com-
pany. It is further calculated that this tranefen
will not interfere with the trading interest of the
company, the colonizable lands being quite distinct
from the hunting-grounds, the practical monopoly
over which will probably remain with the com-
pany, through its superior facilities and settle-
ments. While this is so, it is stated that the old
claim against the United Slates under the Oregon
territory is now on the verge of settlement, and
that the compromise will probably be somewhere
i about 250,0001. Under the last report the net
assets of the company were 927,0001. To this we
have to add the amount to be derived from the sale
lof the territory—whatever it be fixed at, between
1,000,0001. and 2,000,0001.—and the produce also of
the Oregon claim, in order to estimate the amount
that will be disposable among the shareholders.
When this is divided the company will be able to
deal with their proposed issue of land warrants, and
to continue their trade, which is at present yielding
them about 100,0001. a year net. It is understood
that the British North American delegates in this
country, who are now about concluding the terms
of confederation with the Colonial-office, will then,
jointly with the government, come to terms with
the Hudson's Bay Company, in order to complete
the "confederated system" before they leave Eng-
land.
The directors of tho British and Californian
Banking Company (Limited) have convened an ex-
traordinary general meeting of the ell ueholders for
the 24th inst., when a resolution for a voluntary
winding up will be submitted.
With reference to the affairs of the Contract
Corporation (Limited), in connexion with the call
of 301. per share just confirmed by Vice-Chancellor
Stuart, we are informed that " it is the intention
of Mr. Harcourt and others to appeal to the Lord
Chancellor against his Horour's decision, and that
Messrs. Stuart and Snell, the accountants, are en-
gaged in investigating the books and pacers of the
company on behalf of Mr. Harcourt's clients."
A special general meeting of Reuter's Telegram
Company (Limited) is called fur the 24th inst.,
" fur the purpose of sanctioning and confirming
the contract entered into on the 14th day of
August last by this company with the Telegraph
Construction and Maintenance Company (Limited),
fur the construction and laying down of the cable
between England and Hanover, and also to au-
thorise the directors of this company to do all
acts requisite for carrying such contract into
effect."
The half-yearly meeting of the Metropolitan Dis-
trict Railway Company is called for the 27th inst.
Creditors of the British and South American
Steam Navigation Company (Limited) are required
to send the particulars of their claims to the official
liquidator, the 31st October having been appointed
by the Master of the Rolls for adjudicating upon
them.

SATURDAY EVF-VING.

•

,ftlarting irctritigena.

THE DONCASTER SEPTEMBER MEETING.
TO THE KDITOE OS THE =Pine&
SIR,—It is quite a treat, after the wretched
hasinesa at the " holiday" meetings held of late—sacred to
"-'"welahers," barefaced "ropers,' and the light-fingered
brigade—to review the prospect+ of the next few weeks.
From henceforth, until the Cambridgeshire is decided,
there will be nothing but " greet events " to engross
attention, and after Dons:arise I anticipate seeing almost
as much noise made about the Middle Park Plate, a prise
the like of which no two-year-olds ever contorted, as the
slassarewitch. The northern gathering is, however, one
d those celebrations before which everything else muat
give way for the time being, as from the moment the
alarm is sounded to clear the course for the Fitrwilliam, one
a the few " trial" races worthy. of the name, until the
last " w. o." comes on the taps', the excitement is never
allowed to flag ; and even the Cesarewitch and Cambridge-
shire good things will not bear discussing until after the
HI Lager. Very to s tithe thirty items in the programme can
he slurred over us coming under the distinction of small
Z]]sees ; and it is a noteworthy fact (and one people in high
would do well to think ever) that out of only twelve
laces under • distance of a mile, six are for two-year-olds
Gay, and there is but one spin under six furlongs. Even
juveniles have to run a mile in half a dozen instances, and
May are admissible for the opening Fitzwilliam, wherein
the three-year-olds have to give them 311 b, and the fours
441 b ; but as the stake does not close until Monday even-
ing, it cannot be determined now whether an old or a
young one will win. The /levied Plate, an all-aged spin
from the Red House (about 8 fur.), is just as hard to legis-
late upon, for both The Duke and Coup d'Etat
will be absentees—with Cranbury also, probably—and
the 1016 penalty may prove a stopper to Vespasuar. It is,
too, hard to tell what T. Dawson's clique will do battle
with, when they have no fewer than bee two-year-olds in
the race under orders for Doncaster, viz., Corporal,
7st 51b ; Child of the Islands, tat ; Harrogate, 7st ; lona,
fist 10Ib ; and Mendicant, 6st 51b ; and if one of these light
weights is of any account, even Magician, 3 yrs, Bst 101 b,
must be as good as ever he wee to beat it. Dangerous
Damson has likewise bestowed pleutly of patronage on the
soils Doncaster Plate, a handicap in which Norwood looks
a great card, on his Brighton form, Masai:late, at Sat 101 b,
standing just as well in my estimation, if he should be
wanted instead ; and those who row in with the stable
may not have rauoh to fear beyond Wadlow's champion
(Jack o' Lantern Is no myth at 7st 111 b), and old Ackworth.
Everything of Daemon's has "paid" for the Great York-
shire Handing), St. Leger course, except Harry Braileford,
4 yrs, 7st 1' b, and be is not at all out of the hunt,
presuming there were grounds for the peppering recently
administered to Windham, Salpinctes, and others eerie'
basked. Even Nu, who looks almost a " certainty" at
fiat 91b, seems in the balance, and if the money should go
the wrong way with her and Caithness too, Harry will
only be second to War, • powerful colt that will rather
prefer the ground being heavy. All it is necessary to ob-
serve conorning the Champeipm is, that Achievement is
going to ran well and unpenalmed ; and there should be
a better race for the Filly Stakes, when Sour de Chariot,Problem, Minster Bell, and the like, have to meet, allow-
ing the first-named is worth standing. The majority of
those in the colts' prise, the Glasgow, are " dark," and
Grand Cross will probably give Friponnier some trouble if
be should make his debut, if he cannot quite beat the
Mexican blue. The improving Mandrake is in the
Municipal the first race of the St. Leger
(ley ; but the brother to Asoham may show form
in the Champagne to put him in jeopardy,
and there are people who think something of another
stranger, Mr. Merry's Sunflower filly. J. Day's and T.
Dawson's stable can do some mischief in the Handicap
Sweep, Romney and lona being turned loose, whilst it is
said the Marquis of Hastings has a rare " hot 'un" in re
serve for this autumn ; and I have again to commend T.
Dawson to the notice of your readers in connexion with
the Corporation Plate, a mile contest he has half-admen
entered for, including Messmate, although Liddirsgton
has a rare chance given him of making a successful reap-
pearance on the turf.
THE Sr. LEGIE has never been more ill-treated by the
menita of the three-year-old races preceding it than this
year, for there is not s filly worth pulling out in the race,
all that the Mayonaiae filly and Repulse can do being to
make running for their companions, Savernake and
Rustic ; and although Nespe•ian is to do duty as pioneer
far the favourite, and there us talk of the dark Artesian
ands brute called Assassin (sold out of the Lord Lyon
stable for • mere song) swelling the field—as one or two
others may do, for the fun of the thing—the contest will
depend entirely between the following:
Ridden by Ridden by
lord Lyon Custance I Kt. of the Crescent Norman
&remake Challoner Westwick
Rustic Fordhsm I PodslEas
Strathconan Snowden JAL Glasgow's roan French
The tremendous finish fortbe Derby, followed by Rustic's
defeat of Lord Lyon at Ascot, then Westwick 's sudden
display of form at Stockton and York, and the crowning
mystery of the lot, the triumph of Strathconan over Rustic
and Westwick in the Great Yorkshire Stakes, have all
been taken hold of as reasons why the favourite is not
bound to win ; and yet he is as hard to back
as Gladiateur was the Tattersall's before his St.
Leger—a hint that plainly signifies what the talent
thinks of him. When beaten it is well known he
was amiss—though not so much amiss as Savernake ap-
peared to be for weeks after the Derby, when there were
Makes, including a walk over or two, amounting to 9,0001.
eampletely at his mercy, not one of which could he be
brought out for. He may be sound and well again by this
time, still it is not on the cards that he is the same horse
be was ou the Derby day, and ifl)ie has really been tried,
the market betrays that he has been found fearfully want-
ing. Rustic I always believed to be a " St. Leger horse"
until his owner expressed himself satisfied he could not
stay, an opinion the York running partially confirmed,
for he was beaten easily by Strathconan, after hissing his
race apparently in hand a quarter of a mile from
home. His falling off, nevertheless', may have been
the result of his want of condition, and I should
be very loth to stand against him for a
" place. At the same time, there is no doubt Strath-
conan was abort of preparation, too, at York, as Watson
had only commenced to screw him up just before Stockton,
whereat his performance could not be right, as those who
saw him beat War at Epsom, and run so forward in the
Derby, can easily understand. In every defeat I have seen
him take he has looked very like a winner in one part of
the race but apparently declined on his own account to
struggle home ; and as new tactics (waiting) were adopted
with him at York, who knows but that ho is the great
horse they thought him from the first at Richmond
Besides Rustic, he best Westwick, War, and Leybourne a
long way on the Kuavesmire mile and three-quarters, and
allowing for Westroick's being stale at the time, I do not
see how he is not entitled to take Savernake's place as the
second beat to Lord Lyon. Westvrick's home trial-
71b better than War—is' not tempting enough to stand
upon, and he must improve upon that as much as Knight
of the Crescent must upon his Two Thousand and Derby
form for John Scott to win his seventeenth St. Leger on
Wednesday next. All manner of reports are in circula-
tion to the detriment off Podargns, who is a good horse,
nevertheless, when ho is Podargus—a better character than
could ever be given to Lord Glasgow's nameless son of the
nameless, one, who neither last year nor this climbed
within 211 b of the top of the tree. In fact, famous as the
St. Leger is for upsetting " public running", there is no
reason why I should not " stand by my friend," Lord
Lyon, to emulate " the West " and " the mighty French-
man," and add the last of the great three-year-old
races to his Two Thousand and Derby tnumphs,
though his friends may be haunted by • grey
ghost until the winning number is hoisted.
Thursday's and Friday's closed races must all depend
upon how matters result previously, and Friday's especially,
seeing they are between three-year-olds many of which
-will have to run in the St. Leger. As the Cup is likely
to be an important affair this year, with Elland (or Lord
Lyon) and Tormentor certain to run, I shall send a few
hints for the last day after the great event is decided, and
conclude for the present with very few remarks upon
Thursday's programme. The Mile Two-yearold Sweep-
stakes is s puzzler, with Plaudit not likely to run, nor
Rose either ; for the 71b and 51b penalties of the beat of
the other public horses, Friponnier and Knight of the
Garter, are a mution to let them alone, whilst they do say
the " dark " Master Butterfly, /Incas, Enchanteur, tic., are
motto startle wrjust yet ; and perhaps Tuesday's proceedings
will direct attention to the winner. There is no excuse for
Rustic over the Eglinton, as the distance is only
a mile, and if he is the fastest horse of his
year he can give the three stone required to the two-year-
olds that may happen to have run so badly as to receive so
much from him. The St. Leger will tell what are the
Knight of the Crescent's pretensions to the Scarborough
Stakes, Repulse, Lochiel, Artesian, and Duke of York
being the only taking names after his ; but if Artesian is
not deemed too good to lose his maidenhood for 7d1., be
will be allowed to walk over for the Zetland. Three of T.
Dawson's accepted for the Cleveland—Norwood, Holstein,
and Messmate—who are all well in, and the best will have
to be watched ; but here Fobert looks equally threaten-
ing, with Centaur or East Lynn, and the former should
win a race or two at the meeting ; whilst there is a turn
of speed about John Dawson's King . Charming I like
much. These three stables are very likely to bring forth
the winner of the Portland Plate, especially if they con-
tain aught better than Castanet, II Rd Gelantuomo, and
Mesemate, who are, with Magician, the " best in," on
this and last year's beat form.—l am, ha,
METEOR.