The Express.
London, England, 1866-06-01 00:00:00

ME EXPRESS, FRIDAY VFANING, JUNE 1, -1866.

SHARE LIST-(THIS DAY.)

MONEY MARKET.-(THIS DAY.)

this o'CLocat.
The stock and share market are dull to-day, and
prices have declined, owing chiefly to the unsatis-
factory character of the Bank of England return.
It must be borne in mind, however, that a large
amount of gold (374,0001.) has been sent into
that establishment since the statement referred to
was made np, and that a further considerable
sum is expected to be taken thither during the
next few days. Consols have receded to per
cent., and British railways to The fall in
Lancashire and Yorkshire stock amounts to 1 per
cent. Foreign Bonds have also given way, except
Greek, which are again better. The only change
in Financial shares is a reduction of on. in General
Credit.

'Yorth London

Do. d 0.,, 1864.

Pd I Cl. prices. I Wes.

SS to IS
35 to SS
37 to 40
33 to 40

In 1 S I_2

-...- L2O
18;
bi
id

64-

I"a "i fuel
6 4 614 zd,
sit
94

5 4 I
13 9 die!
10 8 din,
4 2 ells,
le %Pm
2 4 pm,

68 71
42 44
ldis par
par 2 pm
42 44
..

92,00 St. Gt. Beta • p.c. Mar. 100
100
4068110 St. O.Nthri.4p.e. Jaa.&J 100
610,000 St. G.Weta.—W. 65.-08.,1
•i p. et., Jas. & July .... 100
518,000 St. Lastc.etYk.4p.e.Jea.&Jly 100
630,000 St. I Len.Brigh.ep.e.JsaAtily 100
1028243 St.' 100
114,530 St. I Do. 34p.e. Jan.& July 100
100,730 St. L.R.S.W.4p.s. Jim& July 100
St. I 611dbiad,ep.e.Jaa.&July 100
St. N. British, E. P. & D. 8.,
6p. ct,, Feb. & Aug . 100
.14.Bitin.,4p.e.Jelt&J.011 100
St. 50et.N.11.,4 p.e.Ap.&Oet. 100

82.4111

"et dis!

i sail
8 6Ws
is $6

L- L-

16 14 dll
9 7 dia
47 49

96 100
OS 95
90 95
96 96

94 98
93 96

94 96

_d

_die

19 20
5 3 did
1i Oidis
3 4
6 4 dis
10 8 di.
7 5 dl.•
1
1 ro 2 :15,
p
2 1 dis
11 9
Si
2 1

17

-
17

1

18

Dn
Iwo
1 dis
4 8 dis
40 60
16 18
2 dtr
16 17 pm
10 0 8 die
1 54
(444
1 2
Idle
Idle pax
18 13 d 1
8 4
18 16 di,
7
4 3
40 45
89 7!
10 12 pm
8 7 dip
WI 28
7+ 4
19 21
6 4 die
1 2pm
105 1';'8
117 122
18 18 di
S
44 nal
SO
45 65.

-
26

-
3}

40 5

13

67} 7
6iei
66fr

15

94a

_AL

ssi

1 idisl
6 pm,

die

1 fpm
V
2 I' --
1
4 3 dis
6 8
8 10
11
26
Pi
8 al .17
6 4

Company (Limited) have notified a call of 51. per
share, payable by the 15th June.
The report of the committee of shareholders et
the Bedford Hotel Compsny (Limited) (Brighton),
to be presented at the adjourned annual ratting
at the London Tavern to-day (Friday), eipsieeses
the " surprise " of the committee at various
matters.and irregularities which have come under
'their notice. They state that the published aceounts
are incorrect in almost every particular, and that,
they present a view of the company's position
which is quite illusory ; that the whole of the out-
lay incurred during the year on wear and tear ac-
count was improperly charged to capital account ;
that the stock in trade of the company, set down in
the balance-sheet as worth 6,6661. 3s. Ild. appears
by a valuation, made by order of the directors prior
to the issue of the accounts, to have been worth
less than that amount by 2,3511. 7s. Id.; and that,
including this deficiency in the amount of stock,
below the amount stated fin the balance-sheeti the
loss upon the year's account is over 6,0001. The
committee accordingly recommend :
1. That the resignation of the whole board tendered at
the meeting of :Nth April last be accepted. 2. That •
provisional committee of management be appointed, which
shall C 4118.3 to be prepared with all convenient speed a
correct statement of the accounts of the company.
Messrs. J. H. Schroder and Co. of Leadenhall-
street, have announced the dividends due the 15th
of June, on the bonds of the Bay of Havana and
Matanzas Railroad, and Matanzas and Sabanilla
Railroad Companies. They have also publisilied
the numbers of various bonds of the Matanzas and
Sabanilla Railroad Seven per Cent. Loma of
200,0001. sterling which will be payable on the
15th June.

The discount market is quiet and freely sup-
plied with money. The general rate for the beat
paper is 10 per cent., but exceptional transactions
have taken place at N.
The weekly return of the Bank of France shows
some important changes, including an increase of
1,060,000/. in the coin and bullion, and of
2,026,0001. in the bills discounted.
Consols are now quoted 87k to 4, with div., for
money, and 851 to 86, ex div., for the account
(June 6).
The foreign stock market is flat, and a decline
of to I per cent. has occurred in Turkish of 1865,
Spanish Passive, Italian of 1861, and Mexican.
Greek Bonds, however, continue in demand, and
have further improved 4 per cent. Turkish
Bonds of 1862 are now quoted 58 to 60 ;
ditto of 1865, 30g to 1 ; Greek, 114 to 121 ;
Spanish Passive, 19g to 4 ; ditto Certificates, 14
to f ; Italian of 1861, 411 to I ; Brazilian scrip,
6 to 51 dia. ; and Mexican, lig to 4.
The light portion of the mails from Calcutta,
China, and Australia, is expected to be distributed
in London about the 12th instant.
The steamer New York, from New York, has
brought 46,000/. in specie.
International Financial shares are now quoted
14 to h dis. ; London Financial, 15 to 13 dia. ;
General Credit, 21 to g dis. ; Imperial Mercantile,
10th 8 dis. ; Credit Foncier, 24 tot dis.; Overend,
Gurney, and Co., 18 to 16 dia. ; and National
Discount, 7to prem.

HALF-PAST THREE o'CLocx.
Console are steady, at 86} to 86, ex div., both
for money and the 6th inst., and 86A to ex div.,
for the new account.
About 218,000/. in gold has been sent into the
Bank. The demand for money there has been good.
At Paris this morning the Three per Cent.
Rentes opened at 64.70, showing a decline of 4
per cent.

The Guernsey Commercial Banking Company
have arranged for the transfer of their London
agency to the London and Westminster Bank, who
will protect all their outstanding drafts on the
Bank of London or Consolidated Bank.
We arc requested to state that the Temperance
Permanent Land and Building Society have trans-
ferred their account to the Union Bank of London,
where all their drafts drawn upon the Bank of
London will be paid.
Subjoined is Messrs. Culverwell, Brooks, and
Co.'s report of yesterday's hide sales :
At the tenth series of hide sales for the year a limited
demand was experienced for most descriptions, except
Australian, %AA sold well. East India.-01 and Cow.—
Calcutta were dall of toile and may be quoted fully td. to
!,(I. per lb. lower. only a small portion of the quantity
offered was sold, chiefly to the home trade, there being
but a limited demand for export. Madras, Gopaulpore,
3c., sold well at about late rates to a decline of id. per lb.
The analysis of the sales is 51,829 Calcutta new parcels,
21.670 brought forward from former sales, and 12,561;
Madras, Gopodpire..i.c., in all, K 5,868 hides, of which

The amount of gold sent into the Bank of Eng-
land yesterday, chiefly out of the recent supplies
from America, but inclusive of 12,000 sovereigns
from Alexandria, was as much as 374,0001. A
further heavy amount is expected to be sent in this
week.
The Germania, from New York, has arrived with
188,4001. in specie, of which 156,000/. is for Eng-
land. The Kangaroo, from America, has likewise
brought 15,0001.
It seems desirable that no misapprehension should
prevail with regard to the statement made in a Paris
journal relative to an alleged proposal whereby
the Bank of France would help the Bank of Eng-
land with an advance of gold. It must be per-
fectly clear that the Bank of England, holding
nearly twelve millions of gold, is in no want what-
ever of any additional supply. The simple fact of
the matter appears to be that certain Paris bankers
suggested that the Bank of England should draw
upon them for a large sum, in the same way in
which the Bank of France some years ago drew a
million or two in gold from the Bank of England
by arranging a credit with
dun firms. Such an arrangement, it will be
seen, need not imply any understanding what-
ever between the two great Banks. But it would
not accord with either the position or the practice
of the Bank of England to have recourse to what
would be, in reality, a manufacture upon a large
scale of mere accommodation bills, the avowal of
which at maturity would be looked forward to
with uneasiness, and which would thus form a con-
stant source of disturbance. Apart from the com-
ing poverty of its till, caused by the pernicious
limitations fixed by the Act of 1844, the Bank of
England is rich enough, and has no need of foreign
assistance. The anomaly which must strike foreign
observers with astonishment is that, under the
act of 1844, one or two of its chief depositors could
at this moment force the Bank of England to stop
payment, though it possesses all the while nearly
twelve millions of specie and bullion.
The Board of Trade returns for April have been
issued. The total declared value of the British
and Irish produce and manufactures shipped from
the United Kingdom during the month was as
follows :

_„.
r 4,600 wcrc add. End India.—Buffalo.—The quantity
offered was moderate, and full prioes were realizeiL
Lestk•r. —East ludian was well competed for. Australian
was dull of sale•. Salted Hides.—Australian were in fair
request, those sold bringing quite late rates. Cape were
rather easier. south Amen bought in. Dry and Dry-
salted Hideo.—African brought fair prices. Mogadore
were taken in. Rangoon sold well. Bark.—ltimoss was
nearly all bought in ; upon that sold a decline of 10a. to
20s. per ton w.is submitted to. Miscellsneous.—Skin..—
Calf were bought in. Kangaroo sold well.
•

The return of the Bank of England for the week
ending \Ve.lne-lay, May 30, compared with that
for the previous week, shows the following changes :
Circulation issue E26,434,205 Increase 2133,770
Circulation act i% e 26,018,7W Increase 549:45
Public deposits
Other depoeita
Government eacurities in
banking dep.i.rtment 10,864,638 Increase 27,582
Other securities in banking
department 33,447,463 Increase 2,397,457
Coin and bullion in both

departments
Seven day- and otLei

11,878,775 Increase 20,989
543,730 Decrease 7 Wr3
3,419,759 Increase A 3,582
415,410 Decrease 415,455

The Heel

Notes in reserve
Total reserve (notes & coin)
in banking department... 859,980 Decrease ta3,236
This return shows that the Bank accounts are still
powerfully intlueneed by the disturbance left be-
ind it by the late panic. Owing to the unwilling-
ness of holders of money to part with it, the Bank
has been called upon to make discounts and ad-
vances to the additional extent of 2,397,057/. In
the increase, however, of 1,676,1631. in the private
deposits we have evidence that this demand was
merely precautionary ; in other words, the com-
mercial public and bankers wished to make them-
selves safe by accumulst.4.o3•a large credit at
the bank or Thailand without actually needing
the money. Had it not been for this the
Bank's legal reserve must of course have been
exhausted, and recourse been had to the
extra legal issue of notes authorised by the Trea-
sury letter. But the bulk of the money borrowed
having been rehelged in the Bank, there is still a
reserve in the " banking department " of 415,4101.
in notes, and 444,5701. in coin, making the
total' reserve 87,9,980/., which is 528,2361. less than
last week. Notwithstanding the comparative
smallness of this sum, there is still a fair prospect
that the act of 1844 will not be infrin, for, since
the date of the present accounts, 374,W of gold,
as above recorded, has been sent into the Bank,
involving a corresponding creation of notes, and a
further large total is about to enter. The effect of
this will be the greater because, as tho foregoing
figures show, the foreign drain of gold from the
Bank had already been stayed.

BANK OF ENGLAND.
An Account pursuant to the Act Tth and Bth Vie., e 32. for the
week ending on Wednesday, the 10th day of May, 1800
IMCi DIPARTNINT.
C 26,414,206 I Oovernment debt . 411.015,100
Other securities.... 3,984,000
Gold coin and bul-
lion
Silver bullion

_.App 1R64 £13,2 5,029
„ 1665 12,071,111
1666 15,366,414
The fact that the exports in April were more by
3,295,3031. than in April, 1865, and more by
2,141,376/. than in the corresponding month of
1864, is very remarkable, considering the circum-
stances of the money market, but it must be borne
in mind that the sudden and sharp crisis, culmi-
nating in the suspension of the Bank Act,
did not occur until the second week in May.
Moreover, it was a financial or credit crisis,
and not a commercial crisis, and, for this reason,
the general commerce of the country will pro-
bably be found to have suffered far less than has
generally' been believed. For the first four months
of the present year the export figures are as fol-
lows : _ _

Notes issued

CA434,206

BANKING DI
Proprietor; Capital 134.n....3,000
Bast
Pahlle Deposit iu-
.

chiding Est:ll,N ,
Nev. Hanka. Com-
mie 01 National'
Debt, 0101 thy
Aeo”tioD
Other Delo ,ails 2),467,01111
tleven day suul other
BUD

May 31, 1,r,,G.

11,424,515

£26,434,206

X 45,172,061

ITARTIIrer.
Government Secu-
rities ,including
Deed Weight An-
nuity;
Other decuritles . 33,441,443
Notes
Gold and Silver
Coln

L 45,171.081.
W. MILLER, Aid (Uhler.

THURSDAY E171:111SG.

Consols, which closed yesterday at 861, ex div.
for the 6th of .7 me, opened this morning at 864 t 4;
1, and closed at 86k, or 86 1-16 to 3-16.
For money the last price WBll 874 to if, with div.
The official business report is as follows :—Three
per Cent. Consols, for money, 871 4, !,cat;
ditto, for account, 'B6ll ; Three per Cents'. Reduced,
854, ; New Three Ter Cents., 85i, /, 1 ; An-
nuities, 1885, 13k, ; Bank Stock, 248, 74, 9 ;
India Stock, 2101 ‘; ditto Five per Cent., 106, 4, 6 ;
ditto Five per Cent. "enlaced" rupee paper, 101 ;
ditto Four per Cent. Debentures, 99i, 1004 ; ditto
Bonds, Bs. die.
The Indi:i Five per Cent. stock was firm. The
March Exchcouer Bills remain quoted 15e. to ss.
dis., and the June, ss. dis. to ss. prem.
In the foreign stock market there was an active
demand for Creek Bonds, which rose 1 per cent.
An advance of 1 to 2 per cent. also took place in
the several classes of Venezuela Bonds, and of 1
per cent. in Brazilian of 1865, Egyptian of 1864,
Russian of 1850, 1859, and 1864,and Chilian Scrip,
and 4in Portuguese Bonds. On the other hand,
speculative realizations caused a fall of 3to if per
cent. m Mexican, Spanish Paasive,and Certificates,
and 4 in Italian of 1861.

Four months, 1864
/9 184111
VI
If t• 1866
The increase over the corresponding four months
of last year is no less than 14,650,7611. As re-
gards imports, the most striking feature consists in
the facts that in the month of April we received
no lees than 1,663,025 cwts. of cotton, against
592,095 cwta. in April, 1865, and 627,452 cwta. in
April, 1864 ; while in the four months of the pre-
sent year the imports of this article have risen to
3,689,434 cwta., having been only 2,025,369 cwts.
in the four months of 1865, and 1,759,420 cwta. in
the same period of 1864. The excess consists
mainly of American cotton.
The Trust and Loan Company of Upper Canada
held a meeting yesterday, when the report was
adopted. It appeared that the net profits made
during the six months ending with March were
13.6221., which, added to the sum brought forward
from the last account, made an available total of
13,7831. Out of this a dividend at the rate of 71
per cent. per annum, less income-tax, was de-
cared.
The adjourned general meeting of the Russian
Iron Works Company (Limited) was to have been
held yesterday, but there not being a quorum only
an informal gathering took place. It was, how-
ever, stated that Mr. if Barry's report was very 1
favourable, and that the accounts showed a work-
ing
profit of 7 per cent. The auditors have gone t
out to audit the accounts. Oirs o'CLoca.
The directors of the National Provincial Bank of The mining market is rather firm to-day.
England announce that a branch of their establish- Frontino and Bolivia, and Chontales shares are
ment will be opened in Norwich to-morrow in request, at i to 1 per share, _ and 1k
(Saturday), on the premises lately occupied by Ito 1; prem., respectively.
Coke,Mar Valley are
I the Consolidated Bank, and under the management , quoted 3g to 7 • East Caradon, tll f being firm
of Mr. Wilkinson ; and that they are prepared to 1 Clifford Amalgamated, 94 to 9 ; Great Vor, 17 to
___ afford facilities to those customers of the Consoli- 18 ; Great Laxey, 201 to 211; Great North Laxey,
Rzsumprion or WORK OW THE Rion Laval . dated Bank who are disposed to open accounts
lito 2 ; Prince of Wales, 7s. 6d to 9s. 6d. ; and
LIRE OF RAILWAY.—The erection of viaducts, turning- I with them. Tresavean, 5 to 6.
arches, and other works n for the completion of I The receipts of the Grand Trunk Railway of I The directors of the St. John del Rey Mining
the extension of the High Level Line of Railway,
which Canada for the week ending the 12th inst. were Company (Limited) haver eceived per Rhone the
has been stopped in consequence of the suspension of 1 I
23 3331. sterling, being 2,8521. less than in the cor- following report, dated Mom, Velho 28th April
bovine= by Bir Morten Peto and Co. (the contractors), ' •
was to-day resumed by Messrs. Lucas, the eminent I —Produce, second division of April, ten days,
builders. i responding week of bust year.
The liquidators of the Tyne Iron Shipbuilding 1 14,362 oitavas ; yield, 8.381 oitayss per ton.

MINES.-(THIS DAY.)