The Express.
London, England, 1857-10-29 00:00:00

THE EXPRESS, THIIRSDA, EVENING, OCTOBER 29 1857.

Ml= DIIIIII2 IN HONOUR OP LORD
31000 W 42* PSNRITZ.

Lord Brougham was entarteined yesterday at •
public dinner, at the Now Amenity loom at
I'enrith by a party of the wagfolrogi lel gentry
of the cowrie of Cmahedend and Wee rstesitmd.
L the absence of the Bat of lawshb, who
was prorated from atissedeg by El berth, the
chair was occupied by E. W. Hue 1., Esq., elan,
rea of the Quarts, delete for the esendes
of Weelseenised sad CembrionL The viewer&
wee Mid by Benny BORIAD, Eq., of Oreyuteb COWS.
Amon the gentlemen resent were Charles Howard, Esq.,
M.P. ; W. Hodgson, Esq., M.P. • J. Steel, Esq., M.P.;
It J. H. Maxwell, W. Wsks&;111, Esq. ; J. Cn:eisy,
Esq., and W. Cracksatherm, Esq., etrenuons supporters
at Lord Brougher des ise the Weelearsiand election. After
the moat loyal and periodic logy, the Itealths of the Lord-
Lisatraant, of the bishop sod dap of the diocese,
rd of the ,bas he dr county and the
baranglie, were reward and responded to. The chair-
men then proposed the Meat of the day, the health
of Laid Brougham. Meg of all parties, he said, had ammo-
bled le enrols their high regard and menet t for one of the
rest disirepsielel arressen of the ago
The toast was readved with tremendous applanae, and his
lordship's reply was greeted with equal manifestations of
sympathy and enthusiasm

SHARE LIST'S-THIS DL T.

Two o'Cx.ool.
The railway share market opened this morning
with some dulness, bat has since unproved. London
and North Western stock is now quoted 96 to tj
Gnat Western, aoi to 61 ; Midland, 82 to 1; and
Lancashire and Yorkshire, 9'll to t, all for the 16th
of November. Caledonian opened heavily, but has
since improved.
Foreign and colonial mining shares remain quiet.

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MONEY MARKET.-THIS DAY'

Two o'Clooi.

The funds opened this; morning with firmness,
and now stand at a further improvement of about i
per Cent. Business is rather quiet.

Consols for the 10th November were first marked
881, rose to 89/, " buyers," andare now quoted 89 to k.
For money the present price is 881 to 89. The
Three per Cents. Reduced are:marked 88, 871, and
881; the new Three per Cents., 88 to 881 ;
Bank Stock, 207, to 209 ; India Stock, 209 to 210;
Exchequer Bills Ifs. to 11s. dis. ; Exchequer
Bonds, 1859, 971 to 1; and India Bonds, 425. dia.
Turkish Six per Cents. are quiet, at 871
to (for the new account). In other fo-
reign stocks very little business has been done.
Sales are recorded as follows :—Chilian Six per
Cents., at 1011; Granada Active Bonds at 18 ; Por-
tuguese Three per Cents., 1853, at 43 ; Spanish
New Deferred Three per Cents., at 261; Turkish
Six per Cents., at 871 ; and the Guaranteed Four
per Cents:, at 971.

. -
The following notification was yesterday morning
affixed outside the doors of the Borough Bank :

The arrangsmenta with the Bank of Englend not having
been yet completed, the business of this beak will not be vs-
SWAM until farther notice. . J. SELLS, Manager.

This announoement has of course excited great
disappointment, sanguine hopes having been enter-
tained, as previously mentioned, that the negotia-
tion with the Bank of England would terminate
satisfactorily. It is possible that proposals to which
the Court of Directors can accede may yet be made,
u the negotiations cannot yet be considered at an
end. The fact of the matter appears to be that some
of the parties who were to have joined in a guarantee
to the Bauk of England to a certain amount have
declined to pledge their individual responsibility. (It
is feared that the liabilities of the Bank will: prove
extremely large, but a portion of them are covered
through other establishments.

In the discount market there is still a fair supply
of money, but full rates are maintained. At the
Bank of England yesterday the demand was very
active.

In the Stock Exchange yesterday loans on govern-
ment securities were obtainable at the low rate of 4
to 5 per cent, owing to the large supply derived
from the investments of the public.
It appears from the American advicea that the
rate of exchange at New York on London has risen
to 106 to 108 per cent. It must be remembered,
however, that any premium which gold may bear at
New York will go to diminish the apparent advance
in the exchange, as well as in the prices of securi-
ties, produce, Ac. It is still expected that some
remittances of specie will be made to New York by
the Arabia on Saturday, positive orders to this effect
being understood to be in London. A considerable
point in our favour, however, is involved in the fact
that speculative shipments of gold thither will now
be altogether discouraged. The drain is thus at
least checked.

We can state that the terms granted by the East
India Company for the loan of nearly one million
which they have just obtained from certain London
banks are 6 percent. per annum; and the duration
of the loan is two years. The London and West-
minster Bank has taken half a million of the
amount. Since this million, as already stated, is to
be sent to India in silver, it is suspected that the
Company's home requirements may yet remain un-
satisfied, although they have now raked two
millions, including the loan obtained a few weeks
ago from the Bank of England.

No bar gold was taken from the Bank yesterday
for exportation.
The Manchester advices mention the suspension
of Messrs. Thornton, Huggins, Ward, and Co., a
large American house. It is hoped that the liquida-
tion will not prove unsatisfactory, provided that time
be allowed.

The advice' from Shanghai mention that 600,0001.
in specie had been shipped from that port, partly in
silver to Foochow and Hong Kong, and partly in
gold to India. At Hong Kong also gold was in con-
siderable demand for shipment to India.
The subjoined exhibits the latest quotations of
exchange on London in the Indian and Chinese ports.
In the former, however, the bulk of the bills nego-
tiated for this mail were done at higher rates, I. e.,
at rates less favourable to this country.

Bz present mail. iLpievions mail.
At Calcutta d.
Bombay 24; 13rd. 2a. 1 d.
Hong Kong
Shanghai
•

The non-arrival of a Chinese mail at Suez early
in the present mouth is accounted for by the fact of
the steamer Formosa having put into Trincomalee,
through hai ing run short of coal.
The sugar market yesterday was heavy, and a de-
cline of is. per cwt. on last week's prices has been
established. The coffee market was also dull, but tea
was firmer, owing partly to the Chinese advice,.
The corn-market yesterday was heavy, although
last Monday's rates were nominally maintained. The
monetary stringency naturally tends to depress the
market. Most of the provincial and French markets
are reported rather lower. The number of floating
of grain arrived at ports of call sin last
cargoesi y .since
is only six.
Complaints of the spread of the potato disease con-
tinue.

In the Bankruptcy Court yesterday a petition for
the winding-up of Grates Improved Soap Company
(Limited) was adjourned until the 7th of November.

We are informed that the Oriental Inland Steam
Company have concluded contracts for the construc-
tion of two trains of barges, propelled by steam, on
Mr. Bourne's plan, for the navigation of the Indus.
Each train will consist of a steam vessel, three cargo
barges, one passenger barge, and one troop barge,
making six vessels in all. The vessels will be built
by Messrs. Vernon and Son of Liverpool, and the
engines will be constructed by Messrs. Rennie and
Bons of London. It is expected that the trains will
be plying in India within twelve months from the
present time. The draught of water of the trains
when laden will not be more than two feet, and
upon this draught each train will carry either 1,000
soldiers, with their accoutrements, ammunition, &c.,
or several hundred tons of cargo.
The weekly traffic return of the Great Northern
Railway shows a decrease of 6001. compared with
that of last year.
Australian Agricultural shares continue to meet
with inquiry. It is stated that a dividend of 11. per
share is forthcoming, and that the general position
of the company's affairs is improving.
Yesterday was "making-up day" in the railway
share market. The supply of stock afloat is rather
limited, except as regards Caledonian. The rates of
" continuation " were, therefore, in nearly all cases
light. Subjoined is our usual statement of the terms
generally current:
London and North Western from i to 6-16 per cent.
continuation.
Great Weetern „ "ma' to 3-16 ditto
Midland. „
.3-16 to 6.16 ditto

lAnesahlra end Yorkshire :: 3-16 t.; - ditto
South Eastern. -32 to per aharo ditto
Great Northern -16 to ditto
Caledoniana
York and North Midland
London and South-Western„ to I per cent. ditto
Great Western of Canada
Grand Trunk of Canada „ 1.32 to 1-16 per chore
continuation.

WIDNISDAT AVINI7IO.

The funds opened this morning at an advance of
I per cent., owing chiefly to the more favourable
advice. brought by the City of Washington hops
New York. Subsequently, increased buoyancy was
occasioned by farther investments on the part of the
public, coupled with the Indian news, and at one
period of the day prices exhibited an extreme ad-
111120C of nearly per cent. Sake were then re-

t mined, leading to a reaction, which was also pro-
moted by news of the unfavourable change that has
taken place with reference to the prospect of an easy
winding up of the affairs of the Liverpool
Borough Bank. But, although the market re-
mains very sensitive to ;, thc rumours detri-
mental to credit, which are so freely circu-
lated, the recent bond fide absorption of stock tends
powerfully to support prices. It has been found on
former occasions that the failure of a joint stock or
private bank does not necessarily involve permanent
prejudice to the price of Concede, for at periods of
monetary anxiety many timid people chow an in-
creased disposition to place money in government
securities.

Console for the 10th November, which closed
yesterday at 881 to 1, opened this morning at 88; to
advanced to 89k, and, after several intermediate
fluctuations, were quoted at 4 o'clock 881 to 89. The
price for money was at the same hour 88; to 1. At
half-past 4 the quotation for the account was a little
weaker, at 88i. There were an unusually large
number of transactions to-day in Bank stock, which
was marked from 205 to 209. The official business
report is as follows:—Three per Cent. Consols,
for money, 88;, 881, 881, 89, 881; ditto, for
account, 88, 88k, 88', 89*, 88k ; Three per Cent.
Reduced, 87;, 88; -New Three per Cents., 88,
871,88 f, 88k; Long Annuities, expiring in January,
1860,2 1-16,2; Bank Stook, 208, 209, 205,207, 206!,
207; India Stock, 211 f, 2081.
India Bonds continue very heavy, and are marked
40s. discount. Exchequer Bills remain quoted 16a.
to 10s. discount.

Turkish Six per Cents. showed a recovery at one
period of the day, but had receded at the close to
871 to I for the present settlement, being only 1 per
cent, better than they left off yesterday. The •• con-
tinuation" on this stock to the 16th November ruled
at 1 to 1 per cent. Turkish Guaranteed Four per
Cents. were quoted 971 to 1. Mexican Bonds were
more offered and lower. In other foreign descriptions
there wee no striking variation. Sales are recorded as
follows :-13razilian Old Five per Cents., 994, 99k,
100. Buenos Ayres Six per Cents., 631 (exch. 12f1.)
Mexican Three per Cents., 19, 181., Portuguese
Three per Cents., 18d3, 43, 431. Russian Four-
and-a-Half per Cents., 971, 97. Sardinian Five
per Cents., 90. Turkish Si: per Cents., 87L 871,
87 871 ; ditto, Guaranteed Four per Cents.,
9735, 97t.
urines, is also recorded in the Swedish Four per
Cent. Provincial Mortgage Loan at 82.
There is little inquiry for bank shares, which are
dull. City Bank stock was quoted 1/. lower to-day.
Crystal Palace shares were firmer, closing at 1; to
If. North of Europe steam were also rather firmer,
and London Discount flat. London Dock stock was
marked 99 and 991.
There were more inquiries to-day for some descrip-
tions of American railway securities. Illinois Cen-
tral shares closed at 10 to 9 dis.