The Express.
London, England, 1867-03-23 00:00:00

PROVINCIAL SHARE MARKETS.

LI'Va111)00L, MARCH 22.—salsa today: Great Eastern, 2711
4..4.-;:ireat Northern, 1151—Great Western, 404 1 1 1
shire and Yorkahlre, 12611—London and North W2ern,
117 117 16; 1710}--Manchester, Sheen-1.1. and Lincolnshire, 471
—Midland, 1141—North British, 321 l—South Eastern, 664 7
61 f x d.--Great Western of Canada. 131—Great Luxembourg
shares, 1015-16 5-16—Eastern Exchange Bank ;limited', Y x.I. O.
—Mercantile and Eschew° Bank Limited
~( 8 d.—British and
Irish M. Telegraph A, 911—Callao Dock,
MARCEURSTRI, MARCH 21—The market was generally lower
in prices, but a fair business was done. Anglo-American Tele-
graph r Limited 164—Consolidated Bank (Limited., 1 p.— Brie',
311 3—Great Eastern, 271 11 4—Ureat Luxembourg,
10 5-16 4—Grand Trunk of Canada, I9l—Great Western,
40 1 404 11 401 11 1 I—Lancashire and Yorkshire, 1254 I—Ditto
Fonr-and-a-lialf per Cent Pref., 1865,1 p.—London and 'North
Western, 1164—Mancheater and County Bank (Limited). g 1 p.—
Manchester, She Meld, and Lincolnshire, 48 71 B—Ditto Six
per Cent. Prof., 118 -Ditto £6, 61—Metroitan, 1210V.aireig;
la nd, 115 142 1 4—North British. 321 f B—North
Berwick, Im}—South Beater., 674 764 7 mats and Mersey
Marine Insurance (Limited), 3 1-16 p.— United States 6403
Years' Bonds, 744.
HIRMINan AM, MARCH 22.—Business done : —Birmingham Town
and District Bank at 111 and Midland Financial (Limited,
at 1.1) die (losing prices (—Manchester, Sheffield, and Lin-
colnshire, 48, buyers; Btourheddge Railway, 6, buyers; ditto
Extendon, 5, buyers; South Staffordshire Railway, 811, buyers ;
Great Western Birmingham Guaranteed, Three-and-a-lialf per
Cent., 66, sellers ; Ditto Preference Six per Cent., 110, sellers :
Wolverhampton and Staffordshire Bank, 9 to 91 ; and Dudley
Gas, 46 to 48 per share.
OtraLls, MARCH 21. —New Three per Cent. Stock, 894—Indla
Five per Cent. Stock transferable at the Bank of Ireland), 1001
—National Bank (£3O paid), 64—Ditto, for account. Ha 614—
Provincial Bank ;e25 paid., 84—Royal Bank I.l4rald), 824 St—
Dublin and Belfast Junction (ElOO 70 rest Southern
and Western (£lOO paid', Ad 90—Belfast and Sodium Counties
4 per cent. Per?. AI Paid., 831.

The French newspapers only make use of the
Atlantic cable to the extent of two lines daily, giving the
prices of gold and cotton.

M. Baroche, the Keeper of the Seale in France,
has drawn the following conclusions from researches he
has instituted on the curious subject of the influence of
the seasons on the perpetration of particular crimes.
Crimes against the person are more frequent in spring
than in summer; and against property in autumn and
winter. This deduction is invariable. During the last
five years, 15,180 cases of theft, representing 15,000,000 fr.
have been tried by jury. Strange to say, the monetary
importance of these robberies increases every year. Con-
sidering the increased price of provisions, one can under-
stand the avarice thus displayed by the thieves of Paris at
least. During the years 1856-61, 2,116 persons were sen-
tenced for using old postage stamps. From 1861 to 186:,
that number diminished to 813.

MR. TROMAS KENNEDY LOWRY, Q.C.—lt ia with
great pleasure that we announce the appointment of
Mr. Thomas Kennedy Lowry, tj.C., to the responsible
office of colonial judge in Jamaica. Mr. Lowry is
a highly-esteemed member of the north-east bar, •
gentleman of cultivated talents and of eminence in his
profession. He is the compiler of the Hamilton MSS.,
which are being published at present, and which are
the result of great research and labour. Mr. Lowry
has been always known as a consistent liberal in poli-
tics, and, therefore, the testimony borne to his merits
by this appointment is the stronger as emanating from
political opponents. The appointment will be received
with
.pleasure, not only by the members of the bar on the
circuit to which he belongs, but by the legal profession
generally.—Northera Whig.
FLOGGING IN TEE ARMY. —The fact of there
being only a majority of one in favour of the motion was,
perhaps, • justification for Sir John Pakington's refusal to
alter the Mutiny Bill in accordance with the vote ; but we
think it is, on the whole, a pity that be
did not so far defer to the decision as to adopt the
suggestion made by Major Anson, that is, while
leaving the act as it is, to issue instructions to abolish
flogging, or resort to it only in extreme cases for
a year, with the view of trying a practical experiment.
The experience that would have been gained during
that period, and the opinions of commanding officers upon
the working of the two systems, would have been more
valuable than any amount of argument. The analogies
drawn between our army and those of the continent are
nil ad rem. The French soldier in his lirret has • magna
charts in the first sentence. " His person is sacred." Nor
officer nor man dare touch him till • council of war have
sentenced him to chains or death. He suffers chains or
death where the British soldier gets the lash. And so
of the other armies in which Bogging is abolished or in
which it has never existed. The most severe penal acts
take the place of the cat, and there was something like •
sensation when a ruffian who had committed a most brutal
murder in the Crimea was hanged in front of the army,
but no one there thought the worse of the French army or
despised the French soldiers because it was known they
were subject to be shot for breaches of discipline. It is
within our knowledge that the reproach was 4ten cast up
against our soldiers that they might be beaten like doge.—
Army am/ Nary Ga:etie.
TEE EDUCATION OF AGRICULTURAL LABOURERS.
—The other day in a western county an excellent clergy-
man had all his farmers to dinner, wishing to ascertain
their views on •the education of agricultural labourers.
Many of the farmers were much above the average British
fanner, men of some feeling, and even education. The
clergyman asked them, "Well, now, ought the children
of your labourers to go to school ; and if so, what
do you think they ought to learn" The farmers
all thought the children ought to go to school;
they 'saw so harm in that.' "Should they
learn reading?" " Yes, reading, but not more than
is necessary to read their Bibles"—this much in compli-
ment to the clergyman, " not more," in order that the
school might be cheap, and not bear heavily on their
pockets. " Well—and writing" " Well, yes, just
enough writing to sign their names" (not enough too pen
any other field of labour to them). " Well—and arith-
metic?" Emphatically "No " from all the farmers ;" No
use at all in arithmetic." Arithmetic might throw an
unpleasant light on the rate of wages, and besides, it is a
wonderful sharpener of childishefaculties.—Spedator.
WEEKLY TRAFFIC RETURNS. —The traffic receipts
of the railways in the United Kingdom for the week
ending March 22, 1867, upona mileage of 12,537, amountto
632,529/. being equal to 50/. to. per mile. For the corre-
sponding week of last year the receipts were 640,325/.,
the number of miles open 12,364, or 51/. Is. per
mile. A comparison of the two weeks chews •
decrease in the aggregate receipts of 7,796/., and an in.
crease in the number of miles open of 173. On the lines
having termini in the metropolis the increase has been on
the Metropolitan, 2487.; Great Northern,2ssl.; London and
North Western, 1,137!. But there has been • decrease on
the Great Western of 4,925/. ; on the London and South
Western of 1,0941. ; London and Brighton, 409/. ;
1,437/. ; North London, 931. ; South Eastern,
4111.: London, Chatham, and Dover, 159/.; and Great
Eastern, 321/. On the principal lines in England and
Wales there has been an increase on the Lanca-
shire and Yorkshire of 504/.; a decrease on the
Manchester, Sheffield, and Lincolnshire of 2001. ; and an
increase on the North Eastern of 1,4351. ; and in Scotland
the North British and Edinburgh and Glasgow shows a
drecrease of 244/. ; the Glasgow and South Western of
2,7981. ; and the Caledonian of 816/.

MONEY MARKET.-(THIS DAY.)

ou o'Owoz.

The markets for public securities opened with a
fiat appearance this morning, but a recovery has
since taken place, upon the absence of unfavour-
able political intelligence from abroad and the finer
weather. Theamotmtofbnsinessgenerally, however,
is limited, as usual on a Saturday, and prices in most
cases are quoted the same as yesterday. The funds
are without variation, but a few movements have
occurred in English railways and foreign bonds,
Caledonian stock is inquired for, at an advance.
Banking, financial, and miscellaneous shares are
still neglected.
The demand for money to-day is moderate, and
the supply good. The general quotation for choice
paper is 21 per cent., but some transactions have
occurred at 22.
Consols are now quoted 91 to 1 for money,
and 911 to 1 for the 10th of April, and the Three
per Cents. Reduced and New Three per Cents.,
894 to 1, ex div.
Foreign stocks are inactive. Creek Bonds,
however, are in demand, and have advanced per
cent. Italian of 1861 are also inquired for.
Turkish of 1865 are quoted 291 to 3%; Greek,
154 to Spanish Passive, 211 to 221 ; ditto
Certificates, 141 to f ; Italian of 1861, 53;.:, to
n Mexican, 171 to 1; Russian Scrip, 21 to
prem.; Chilian Scrip, 11 to 11 clis.; and Danubian
Scrip, 11 to 1 dia.

American Securities and Atlantic Cable shares
showed no change of importance. The 5-20 .114 mils
are quoted 740 to ; Erie Railway shares, 39 to
.1 ;
Illinois Central, 781 tot ; Anglo-American, 16 to
; and Atlantic Telegraph Eight per Cent. Prete-
ference, 3 7-16 to 9-16.
International Financial shares are quoted
2} to Ohs. ; London Financial, 1842 to 17}
dia. ; General Credit, 3 to 21 dis.; Credit Fon-
der, 6 3-16 to 1-16 dia. ; National Discount, 7/
to Bt, prem. ; and Hudson's Bay, 151 to 16/.
It appears an order has been obtained by the
Secretary for winding up the Estates Investment
Company (Limited). The committee of dis-
senting allottees are continuing the pro
ceedings already instituted, and are also ad-
vised that their claims against the direc-
tors personally, for a return of their deposits, are
not affected by the winding up proceedings.
Tenders will be received at the Colonial-office,
Madrid, on the Ist of June next, for a " contract
for Submarine Telegraph Cables, to connect the
Islands of Cuba, Porto Rico, and Canaries, with
Mexico, Panama, and the Coasts of South
America."

A petition for the winding up of the City of
London and Colonial Financial Association (Limited)
is to be heard before Vice-Chancellor Sir John
Stuart on the 26th of April.
The ordinary general meeting of Muntis
Metal Company will be held on the 3rd of April,
at Birmingham, when a dividend will be declared.
The fourth ordinary meeting of the Southamp-
ton Imperial Hotel Company will be held on the
30th of March, to receive the report of the directors
and the accounts of the company.

Two o'Ci.ocx.
Consols are still quoted 91 to 1, for money, and
91} to 1, for the account.
At Paris this morning the Three per Cent.
Rentes opened at 68fr. 95c., being about 1-16 per
cent. better than yesterday.
There is a widely diffused feeling at Paris of
distrust with regard to the financial position of
the French government. As illustrating this,
reference may be made to a current rumour that
1
it
is proposed to adopt an ingenious plan for re-
plenishing the Exchequer in connexion with an
issue of Rentes against the French-Mexican
loans. According to rumour, the idea is
something after this fashion :—The Mexican
Loan of 18615 was in Bonds of GOO fr.
each, issued at 340 francs, and now worth in the
market only about 160 francs. By allowing the
holders to pay 160 francs more, thus paying up
the bond to its full nominal amount, and then
giving them the option of surrendering it in
exchange for Three per Cent. Rentes, the govern-
ment would obtain money and a permanent claim
upon Mexico, while a bonus, though of only
moderate amount, allowing for everything, would
be offered to that portion of the French public
which subscribed to this stock upon the faith of
official recommendations.

About 20,0001. in bar gold was sent into the
Bank yesterday, while 6,0001. was withdrawn for
exportation.
The Deutschland has arrived from New York
with 29,0001. in specie ; the Red Hover, from Mel-
bourne, with 24,0001. ; and the Ceylon, from Alex-
andria, with 28,000/. ; making a total of 81,0001.
The foreign exchanges yesterday afternoon showed
a more favourable tendency,a distinct improvement
being observable in the rates for bills on Holland,
Belgium, France, Frankfort, and Hamburg. The
usual list is subjoined :

Amsterdam, 3 months, 11.191 to 11.191 ; ditto, short,
11.17 too 11.171 ; Rotterdam, 3 months, 11.194 to 11.191 ;
Antwerp, 3 months, 25.40 to 25.45; Brussels, 3 months,
25.40 to 25.45 ; Hamburg and Altona, 3 months, 13.9 to
13.91 • Berlin, Cologne, he., 3 months. 6.251 to 6.261;
St. Petersburg, 3 months, 31 to 301 Par* short, 23.15
to 25.221 ; ditto, 3 months, 25.31 to 21.40; Marseilles,
3 months, 25.35 to 25.40 ; Frankfort-on-the-Maine,
3 months, 120 to 1201 ; Vienna, 3 months, 13.10 to
13.15 ; Trieste, 3 months, 13.10 to 13.11 ; Madrid, 3
months, 481 to 48; Santander, 3 months, 481 to 48; Cadiz,
3 months, 491 to 49; Seville, 3 months, 491 to 49; Malaga,
3 months, 481 to 481 ; Valencia, 3 months, 481 to 481 Bar.
orlon, 3 months, 48f to 481; Bubo', 3 months, 484 to
48 ; Saragossa, 3 months 484 to 48 ; Leghorn, 3
months 26.90 to 26.91; Genoa, 3 months, 26.90 to
26.91; Naples, 3 months, 26.90 to 26.91; Palermo, 3
months, 26.90 to 26.91 ; Messina, 3 months, 26.90 to
26.91; Lisbon, 90 days' date, 521 to 52; Oporto, 90 days'
data, 521 to 52.
The amount of government bills on India for
which tenders will be received at the Bunk of
England on the 3rd of April will be Rs. 32,50,000
(325,000/.).
The liquidators of the Bank of Hindustan,
China, and Japan (Limited) yesterday decided
upon paying a dividend of ss. In the pound early
next month. The liquidation only commenced at
the close of the last year, and the branches of the bank
are in India and China, so that this announcement
will be received as satisfactory.
- -

A meeting of the creditors of the London and
Colonial Company took place yesterday, to receive
the report of the liquidators. From the statement
presented to the meeting it would appesr that the
creditors of the company have every reasonable
prospect of being ultimately paid in full.
With reference to the affairs of Pile, Spence, and
Co. (Limited), the official liquidators have an-
nounced that, owing to the insolvency of several
shareholders, the call of 201. per share about to be
made will not suffice to meet the rest of the liabili-
ties, and that, consequently, the creditors cannot be
paid in full.
A meeting of a number of the shareholders of
the Humber Iron Works and Shipbuilding Com-
pany, which is now in liquidation, was held yester-
day. It was convened by Mr. F. W. Jacomb, of
Huddersfield, on behalf of the Shareholders' Defence
Association, for the purpose, as stated in the cir-
cular, of informing the shareholders generally of
the present position and prospects of the
association, and of enabling those share-
holders who had not joined it to become
members. Mr. Jacomb stated that it had been
determined to take proceedings against the direc-
tors for the recovery of the money obtained from
the shareholders on the grounds of misrepresenta-
tion in the prospectus and accounts published by
the company. The association had obtained the
opinion of counsel on the question, and he had
I advised that they had a strong case against the

directors. Mr. Morrii rcc,.mmended the adio.iru-
nient of the meeting, with a view to some arrange-
ment being made to pay off the creditors; and
after a long discussion the meeting broke up with-
out coming to any decision.
The San Paul Railway was opened throughout
for public traffic on the 16th February.
The Caledonian Railway traffic return shows this
week a decrease of 816/.' compared with the cone-
spending period of 1866.

The traffic receipts of the Seinde Railway for the
week endin; 30th January amounted to 4,3551,
being nearly a thousand pounds in excess of the
highest sum realised in any previous week sinew
the opening of the line.

A special general meeting of the Cape Town
Railway and Dock Company will be held on the
sth of April.
It appears that notwithstanding the rejection by
Mr. Secretary Walvile of the petition for a pardon
from James F. Wilkinson, late managing director
of the Joint Stuck Discount Company (Limited),
efforts are still being made to obtain a mitigation
of the convict's sentence.
It should have been mentioned in our notice of
the contract .4 the International Ocean Telegraph
Company, that Mr. Frederic C. G. Ritso was the
agent through whom it was negotiated.

FRIDAY EVICMING.

Consols, which closed yesterday at 91 to A for
money, and 91/ to 1 for the 10th of April, opened
and closed to-day at the sante quotations.
The New Three per Cents. and Three per Cents.
Reduced declined per cent, at one period of the
day, but the closing price was only !, worse than
yesterday, ' 89,1, to 4, ex div. The official
business report is as follows:—Three per Cent.
Consols, for money, 91, /, 90i, 1/, 1, A ; ditto,
for account, 91/ ; Three per Cents. Reduced,
891, 4,1, g, ex div. ; New Three per Cents., 89i,
1,4, ex div.; Annuities, 1885, 12 9-16 ex die. ;
Bank Stock, shut ; India Stock, 218, 17 : ditto
Five per Cent., 110, 91; ditto Four per Cent,
93/ ex div. ; ditto Five per Cent. " enfaced"
rupee paper. 103.1: ditto, Bonds, 425. prem.

The government broker bought to-day 34,000 i.
Three per Cents. Reduced, at littri, ex div.
The India Five per Cent. Stock was supported
at the late improvement, and the rupee paper was
firm.

Exchequer Bins remain quoted 14s. to 18s. prem.

MINES.-(THIS DAY.)

thrs °Two'.

In the mining market to-day there is a good de-
mand for shares in most of the following mines, at
the quotations given :—Great Vor, 21 to 22 ; North
Crofty, iii to : Trumpet Consols, 11} to 12} ;
Providence, 32 to :14 ; Prince of Wales, 21 to 3;
North Treakerby, 2,1 to ; and North Chiverton,
to 4.
The subjoined report on the metal market is
from the circular of Messrs. von Dadelszen and
North:
Very little 'amines,. has been done in the metal market
since our last report. Holden, are more inclined to ac-
cept lower quotation., but operators and consumers only
buy for their most prev4ng requirements. Iron : Prices
for Welsh and statfordshire iron are without change, with
a very limited demand. Scotch pig iron has gradually de-
clined to 51i. GI. cash. Copper: The last Chili mail
having again advised large shipments of bars, the pre sure
to realise ha. continued, and lower prices have been ac-
cepted for foreigu and English copper. }gurus obtainable
at RC' and M allanm has been done at e4l. and 8.11.
English quite nominal. Chili ban in Liverpool sellers,
at 431. Tin The market is somewhat quieter, and several
sales of Straits have been made at KV. cash and with
prompt. Banat 93/. The Dutch market, after a tempo-
rary quietness, has again assumed a firmer tone, with
buyers at 530.. spot and ex the sale. The English smelters
advanced on the 19th the price of refined and commix
till 2/. per ton, :inking present quotations as follows—
Refined, 95/. ; bars. 93/. ; block and ingots, 92/. Tin plates
are quiet, without any change from previous quotations.
Lead is dull ; good soft English pig Pit. 10v. Spelter:
Very little byline. has transpired ; the price on the
spot remains at 211. 174. for common London and specials
outposts.
The directors of the Devonshire Great Consoli-
dated Copper Mining Company, at their hoard
meeting held yesterday, declared a dividend
of 6,1441., being 61. per share, arising from
profits on sales of copper ores sampled in the
months of November and December last. After
payment of the same there remains in hand a he-
lance of 18.113/. fie. in cash, me bills not at ma-
turity, and reserved fund, applicable to the general
purposes of the company.
The director of the St. John del Rey Mining
Company (Limited) have received the following
report, dated Morro Velho, Feb. 16 :—Produce
for January, 50,845 oitavas ; from 5,411 tons .pre,
yield 8.046 oitavas per ton ; cost for January,
10,722!. ; profit for ditto, 8,904/. ; produce, 10
days of February, 15,153 oitavas ; yield, 8.825
oitavas per ton.

RAILWAYS.-(THIS DAY.)

ONs o'Ciool.

- - -
In the railway market to-day there is a demand
for Caledonian stock, which has risen 1 per cent.
Great Eastern is ,t letter, but London and North-
Western, and Midland, have declined ,', to I. The
other leading lines are quiet.
Metropolitan stock is now quoted 120} to ;
Great Western, 44) to I ; London and North
Western, Ilti,, to ; Midland, 1144 to ;
Lanosshire and Yorkshire, 125 to ; Caledonian,
111 to 112 ; South Eastern, 66 to 1;. Great
Eastern, 27} to g ; Great Northern, 115 to lit; ;
ditto A, 122 to : London, Chatham, and Dover,
164 to 17 ; and North British, 31i to 24.
Very little business has been reportcJ in foreign
and colonial raiiway shares, and prices present no
change.
[For Stare List see page 4.
.1