The Express.
London, England, 1866-04-20 00:00:00

MINES.-(THIS DAY.)

Oars o'CLocz.
The mining market is quiet to-day, and the
variations in prices are few and unimportant.
Some of the present quotations are subjoined :
Chiverton Moor, 51 to 6 ; Great Vor, 24} to 254 ;
West Chiverton, 72} to 75 ; Wheal Seton, 260
to 210 ; Bryn Gwiog, 14 to 16 ; East Grenville,
2} to 3 ; and West Caradon, 81 to 9, call-1/.
Paid-
Chontales Gold shares are steady at 11 to Si
prem.; Frontino and Bolivia, at par to prem.; and
Mineral Rights, at to preen.
The directors of the Otea Copper Mining Com-
pany (Limited) have made a call of ss. per
share, payable by the 14th of May. Accompanying
the aW letter is a circular affording particulars re-
specting the company's position and prospects.

The Virginia, a new opera, in three acts, by
Mercadante, was produced for the first time et the flan
Carlo, in Naples, on the 7th inst. It is described as being
eminently successful. The artists were called before the
curtain fifty-three times during the representation.
General Prim has taken his departure from Paris
for Italy, leaving his wife, the Marquise de CastMejos,
with his mother. He is said to be gone to be present at
military InallCeUVrell about to take place in Italy,_
HAMBURG BRANDY V. CHARENTE.—We have
heard that the city of Hamburg derived its name from the
graphic, but not elegant, word " humbug," from the fact
of all articles being counterfeited in that city. Our
readers have heard sufficient about the vile decoctions of
" Hambro' wines," but probably few are aware how
" Hambro' brandy" is imported here. It
that vessels are chartered at Hamburg and half appears
with hogsheads and cases containing— Well, we will
not say what ! but this we do assert, that the greater
ports°. a is the commonest potato spirit, the re-
mainder of the cargo being made up with grain.
Thus freighted she starts for Pardllac if the half-cargo con-
sists of wlne,but for Charente if with brandy. At Charente
the grain is unloaded, and a few auks of brandy are pur-
chased. The agents of the vessel obtain the neemary
papers and she sails for London, where the " Hambro'
brandy" is landed as direct from the vineyards of Charente.
Wise Trade Review.

ONE o'CLocz.
The transactions in stocks and shares to-day are
not large, but prices generally are steady, not-
withstanding the somewhat unfavourable character
of the Bank of England return. The market
is still supported by numerous small investment.
in the funds, and by the satisfactory tenor of the
news from Germany. Consols are quoted
the same as yesterday, and the same re-
mark applies to most of the British rail-
ways and foreign stocks. Amongst the latter
there is a good demand for Turkish Bonds
of 1862, which have further improved. Financial
shares are unchanged, with the exception of a
slight fall in Imperial Mercantile. The shares of
the discount companies are rather lower. American
securities have also given way to an unimportant
extent. Grand Trunk of Canada Railway stock
remains heavy.
The demand for money to-day is moderate, and

the supply large. The rate for the best paper,
however, is firm, at 5i to 6 per cent. In the
Stock Exchange short loans on Consols are still
obtainable at 2 to 3 per cent.

The Bank of France return shows this week an

increase of 268,0001. in the coin and bullion, and of

546,500/. in the bins discounted.

Consols are now quoted 86A to 87 for money, and 1
87 to i for the account (May 9).
In the foreign stock market there is a good de-
mand for Turkish Bonds of 1862, which have ad-
vanced 1 per cent. Spanish Passive have also im-
proved i, while Turkish of 1865 have declined to

the like extent. Mexican, Italian, Greek, and
Spanish Certificates have been dealt in at
steady quotations. The prices are as follows :
Greek, 131 to ; Mexican, 201 to 21 ; Spanish
Passive, 251 to 26 ; ditto Certificates, 151 to ;
Turkish, 1862, 66 to 67 ; ditto, 1865, 34 to 1 ;
Brazilian scrip, 21 to 21 dis., ex div. ; and Italian,
' 1861, 5.31 to 1.
United States 5-20 Bonds, and Erie and Illinois
Central Railway shares have declined per cent.
The present prices are as follows :-5-20
Bonds, 691 to A ; Erie Railway shares, 531 to
541 ; and Illinois Central, 74 to 801.
London, Chatham, and Dover Railway scrip is
quoted to 1 prem., and the Viceroy of Egypt's
Loan, 1 to 1i prem.
International Financial shares are now quoted

to die. ; General Credit, to prem. ;
London Financial, 4} to 31 die. ; Imperial
Mercantile, 21,1 to 2i die. ; Credit Fonder and
Mobilier, 171 to lf prem. ; Overend, Gurney, and
Company, 171 to 11 die. ; and National Discount, 71

to 8 prem.
Amid the dismay which has been caused by the
recent instances of collapse amongst joint stock
companies, there is, perhaps, some danger that the
balance may not be struck fairly between the
advantages and disadvantages of the joint stock
system. Even the suspension of Barned's Bank-
ing Company affords an illustration of the safe-
guards by which the public, regarded as
creditors, are environed. A private concern may
continue business, and live upon its creditors
through many years of insolvency, as was the case
with Messrs. Puget, Bainbridges, and Co., the pri-
vate bankers ; but a joint stock company is com-
pelled to come forward with a statement of its po-
sition at the end of every six or twelve months. In
this periodical publicity there is a great element of
safety, as speculative tendencies must inevitably be
brought to the test of a comparatively short
reckoning. But another main advantage of the
modern joint stock system consists in the fact that,
while the • position of the shareholders, besides
being one of their own deliberate choosing, is
clearly defined as regards pecuniary amount, espe-
cially under the law of limited liability, the cre-
ditors in nearly every instance on record have en-
joyed complete immunity from loss.
So great is the glut of money in the Consol
market, in consequence of the large investments
by the public, that the rate for loans from day to
day has fallen to 2 to 3 per cent. In some cases the
dealers yesterday were glad to lend on Consuls fur
nothing, in order to get possession of stock where-
with to meet their contracts.
About 8,0001. in gold was sent into the Bank yes-
terday.
The steamer Bremen, from New York, has brought
32,0001. in specie.
The silver market is fiat, with little or no demand
for the East, andbars are unsaleable at ss. lid. per
ounce, being id. below the recent highest quota-
tion. There is also an absence of inquiry for
Mexican dollars, and the price is nominal at
ss. Oild. per ounce. The recent shipments of silver
were mostly to Calcutta, and were exceptional. The
demand for Bombay, on account of 'cotton, is not
likely to revive for some time to come, especially
considering the present state of the cotton market.
The steamer Poonah will take to-day only
20,1211. in specie for the East, chiefly for China.
The Stock Exchange Committee have appointed
Monday, the 23rd instant, a special settling day
in the English scrip of the Seven per Cent. Loan of
his Highnesalsmael Pasha, Viceroy of Egypt, which
is to be marked in the official list. The price

closed t47)-day at to 14 prem.
It is announced that Mr. William Dent, late
chairman of the Joint Stock Discount Company,
has found it necessary, on account of his connection
with that mismanaged undertaking, to resign his
seat at another board—that of the Credit Foncier
and Mobilier of England (Limited).
The Lancashire and Yorkshire Railway traffic
return shows this week an increase of 3,5101. over
last year; the North Eastern, an increase of 1,317/. ;
the London and South Western, a decrease of 8071. ;
the Manchester, Sheffield, and Lincolnshire, an
increase of 548/. ; and the North British, an in-
crease of 1,1501.
At the meeting yesterday of the shareholders of
the Bank of British Columbia the undivided profits
were stated at 17,2861., and a dividend was de-
clared at the rate of 10 per cent. per annum, in
addition to a bonus of se. per share, being together
at the rate of 121 per cent. per annum for the half-
year. The amount carried forward is 1,6611.
The City Offices Company (Limited) have made a
call of Si. per share, payable in two instalments of
21. 10s. each, one on the Ist June and the other on
the Ist September next.
Warrants have this day been posted for payment
of the half-yearly Seven per cent. Guaranteed
Interest on the paid-up capital of the Central
Argentine Railway Company.
A petition for the winding-up of the Sea and
River Marine Insurance Company (Limited) is to
be heard before Vice-Chancellor Eindersley on the
27th inst.
The return of the Bank of England for the week
ending Wednesday, April 18, compared with that
for the previous week, shows the following changes :
Circulation issue
Circulation active 22,303,795 Increase 258,440
Public deposits 4,045,459 Decrease 11,559
Other deposits
Government securities in
banking department 10,644,254 No change.
Other securities in banking
department 18,976,716 Decrease 406,115
Coin and bullion in both
departments
Seven day and other bills 440,230 Demon 30,594 I
The Rest 3,195,808 Increase 17,806
Notes in reserve
Total reserve (notes & coin)
Ton
banking department 6,585,317 Decrease 003,446
The private deposits, which lest week increased
1,604,9391., on the payment of the dividends, have
this week been drawn upon to the extent of nearly
a million, but as loans on private securities, to

Public Deposits ,
eluding Roches.,
Ray. Banks, Com-
mis. of National
Debt. and Dir
Accounts, 4,045,450
Other Deposits
wren day and other
Bills

April 19, IEIO6.

8.36,208,X7

Government Secu-
rities ;Including
Dead Weight An-
nuity:
Other Securities
Note*
Gold and 511vt r
Coln

X.W.206,281
W. MILLER, Chid Caahher.

TIiOIU3DAT EVININGt

Consols, which closed yestera;;;iit4iJor the
9th of May, opened and closed to-day at the seals
quotation. For money the last price was 861 to
87. The official business report is as follows :
Three per Cent. Consols for money, 87, 61, 7, 61 ;
ditto, for account, 81 7 ; Three roar Cents.
Reduced, 854, 4,4, ;New Three per Cents., 854,
4, 31, ; Bank Stock, 243, ; India Five per
Cent. Stock, 1044, 5, 44 ; ditto Four per Cent,
1044 ; ditto Five per Cent " enlaced" rupee
paper, 102.
The India Five per Cent. stock continues in
great demand, and has again risen. There was no
change in Exchequer Bills, the March being quoted
Bs. to 3s. dia., and the June be. die. to par.
There were fewer transactions in the foreign
stock market, but the tendency of prices was awn
rather favourable. Turkish Bonds of 1858 and
1862 were in demand, and rose 1 and per cent.
respectively. Those of 1865 also improved 4,
Russian of 1862 4, and Mexican of 1864 and the
Viceroy of Egypt's Loan, On the other hand,
Confederate declined 4, and Mexican (old), Spanish
Passive, and Certificates, 4. Danubian Bonds are
without recovery from the late fall, being last
marked 62.