The Express.
London, England, 1868-04-03 00:00:00

IMPERIAL PARLIAMENT.

HOUSE OF LORDS.—(THIS DAY.)
The LORD CHANCELLOR took hie seat on the Woolsack at
half past 10.

THE MUTINY BILLS.
The Marine Mutiny Bill and the Mutiny Bill were read
s third time and passed.
The tittle g was then suspended.

OPERATION FOR THE SUPPRE,SION OF
THE SLAVS TRADE.

This morning some interesting parliamentary
papers were issued relative to the efforts which have been
made during the year ending 18G7 for the suppression of
the slave trade, more particularly oil the African coast.
The first is a blue-book containing the correspondence
with the Britiah commissioners at Sierra Leone, Havana,
the Cape of Good Hope, Loando, and New York,
together with reports from the British vice-admiralty
(sorts, and from British naval officers. The second is
also a blue-book, containing the correspondents with
British ministers and agents in foreign countries, and
foreign ministers in England relating to the same subject ;
and the third is a return submitted to parliament on the
motion of Colonel Sykes, containing a list of the vessels
employed on the West Coast of Africa during the last ten
years, the sickness and mortality which have taken plate
amongst the crews, and the number of slave captures which
have been made in each of the ten years to which the re.
tura relates.

A cursory review of these important documents enables
us, on the whole, to find some satisfaction in the results
which have been obtained, and justifies the inference that
the decrease which has taken place in this abominable
traffic I. due to the vigilance that has been observed
by the officers of the squadron on the African coast. There
can be no question that they have bad great
difficulties to contend with in the performance of this
trying and tedious duty. The employment of slowly:steam.
ing craft, the discouragement which is the result of
monotonous and unsuccessful watching on a dreary coast,
with the perpetual motion of • heavy Atlantic roll, and
! the sickness which has so largely prevailed in the coast
squadron, have been admirably counterbalanced by the zeal
of the officers and crews of the several ships ; and
it is also satisfactory to observe that any improper exercise
of the authority conferred upon commanding officers has
been a very exceptional circumstance of late years.
Referring to the blue-book containing the cor-
respondence with the British commissioners, we learn
from the report made to Lord Stanley by Mr.
Smith, the acting judge at Sierra Leone, that
no captures were made within the waters of the colony
during the year, and from the rivers to the north of that
settlement Mr. Smith had not beard of a single cargo of
slaves shipped, nor even a rumour of slaving operations
carried on there. From Havana the report, up to
the end of September last, is equally satisfac-
tory, a circuinstanoe which is, perhaps, largely attri-
butable to the difficulty which his been interposed by
the American is well as our own government in the way
of slave, being surreptitiously landed oa the island
of Cuba. Mr. John V. Crawford desenbed it as "a re-
remarkable feature" in the report upon the slave-trade
between the coast of Africa and Cuba, that it is unaecom-
panied by any statement of landings of slaves. It would,
however, be unsafe to infer from that fact that the trellis
has ceased, or that no negroes have been conveyed
from Africa during that period. Mr. Crawford
says, and it is an admitted fact that at least one cargo
made its appearance off the island in May last, and was re-
ported to have been landed at La Esperanza, in the Vuelto
de Abajo, bat, he significantly adds that, "in the
absence of positive and undeniable testimony, it is
only just to accept the :assurance of the Spanish
authorities that that report was untrue." Several
cargoes of African slaves were reported to have been landed
at different times and places in Cuba, but the acting-corn-
minary-judge believes that the reports were untrue. He
also recognises the unflinohing seal and greet determine-
tion which had been exercised for the suppression of the
traffic by the late Captain-General Mannino. With
respect to these alleged landings in Cuba, however,
• correspondence took place between Lord Stanley
and the Spanish Minister in London, who animadverted
somewhat strongly upon the conduct of Mr. Crawford in
denouncing those landings; but the course pursued
by the latter in reporting the statements which had
come officially to his knowledge is approved by
her Majesty's Minister for Foreign Affairs. Her
Majesty's commissioner at the Cape of Good Hope has
great hope that the traffic which wu formerly so rife is
rapidly approaching extinction, at any rate in the south,
although in the north, and particularly on the Borth coast
of Madagascar, it is still carried on. He thinks
that few European vessels now find it worth
their while to run the risk of capture by visiting the met
coast, and running the gauntlet of our cruisers for so keg
a voyage ; and this happy result he attributes to the
vigilance of our naval officers, and the closing of some of
the marts to which the slaves were usually taken ; but he
fears that the traffic will continue as long as the Arab
is the dominant race on the coast, and other Oriental
nations maintain their peculiar views and keep their
marts open. Her Majesty's commissioner is convinced that
the diminution in the traffic is not due to any sense of
its moral turpitude on the part of the inhabitants,
bat to the exertions of the British force' and
that were its vigilance abated, it would again spring
up ; and there can, we think, be little ground for doubting
the wisdom of his judgment. From Loomis the report of
Mr. E. H. Hewett, her Majesty's oningeommiaaioner, is

equally satiehotori, ter while na a single;ttempt is reported
to have been made during the past year to ship slave. to
Cuba from that part of the coast lying between Cape
Lopes and Mossamedes, a great number of the men
formerly engaged in the export of negroes are devoting
themselves to the more honourable and praiseworthy
avocations of regular licit trade.
The traffic carried ea in the Mozambique Channel has
pissed in the way of the British authorities many
serious difficulties. Writing to the commodore of
the Indian squadron, Captain liedinifial& of her Ma-
jades ship Wasp, rye the attempt to put down
the slave trade under the present system adopted at
Zandbar is simply a faros, and that it was pain.
ful to see and hear all that wee going ea there
12 or 14 months ago with the British flag flying
in the harbour. Hie letter wee dated December 1, IllS,
and Captain Bedingleld rye that " dhows, amused
with wretched pogrom, hem Hilwa, ere paraded so that we
may see them. Men on shore openly beast of the number
1 that are sent north every year, and of even selling slaves
in Bombay I" Even the collector of customs on slaves,
who received two dollars a bead, was a British subject,
enjoying British preelection, which he had received for
many years.
The return moved for by Colonel Sykes show, that
twenty-five ships were employed upon the African coed
during the year 1867, which was in snow of say number
stationed thus eines 1866, when there were also 2.5 vessels
oa the coast. &darns from all the ship
have not been reedved, so that the stakes's*
for 1867 is ineasplete. During the ten
no less than 8,3210 dived have been captured, although
traffic has been so far effectually suppressed, that abg
the last four years oily nine have been talon. -There in,
however, we regret to my, no considerable diminution in
the rate ofddness and mortality, although the new
arrangement of the Admiralty shortening the term of es:-
vies ea the cost, it is hoped. will be attended wirb bene-
ficial result&

~w.~ t
! : ,

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' 't

APRIL 3,

MONEY MARKET.-(THIS DAY.)

ONZ O'CLOCK.

The English funds ars dull to-day, and have
declined f per cent., although it appears to be
generally anticipated that a defeat of the
ministry to-night upon the Irish church
question which is regarded as certain
will not be followed by a dissolution of parlia-
ment, and its many attendant evils, including
a check to trade. Home railway stocks
are steady, with two or three exceptions.
Foreign bonds are still in request, and show a
favourable tendency. Brazilian of 1865 have ex-
perienced a fresh advance of 3 per cent. upon the
very satisfactory news just received from Rio de
Janeiro. London and Brazilian Bank share. are
also inquired for. Banking and financial descrip-
tions are still neglected.
There is a fair demand for money in connection
with the bills maturing to-morrow, the 4th, but
some transactions have taken place at 11 per cent.,
or 3 below the bank minumum. Loans are offered
in the Stock Exchange at 14 per cent.
Console are quoted 921 to 93 both for money
and the new account (May 5), and Throe per
Cents. Reduced and New Three per Ceuta., 91g
to 4.
The changes in railway stocks are evenly
balanced. Caledonian has improved 4, and
Brighton and Metropolitan 4, while Great
Western, Great Eastern, and Lancaahize and
Yorkshire are 3 to 1 lower. The quotations
are as follows :--Caledonian, 724 to g ; Lon-
don and North Western, 1141 to f ; Great
Western, 491 to ; Midland, 1044 to 105 ; London
and South Western, 85 to 86 ; Great Eastern,
334 to I ; Brighton, 501 to 4 ; South Eastern,
724 to 73 ; Metropolitan 1124 to 1134 ; Great
Northern, 1021 to 103 ; ditto A, 971 to 4 ; London,
Chatham, and Dover, 18/ to 19 ; Lancashire and
Yorkshire, 1264 to f ; York and North Midland,
92 to 93 ; Berwick, 1004 to 4 ; and North British,
331 to 344.
Foreign stocks still meet with inquiry. Brazilian
of 1865 and Chilian of 1867 have improved 3 per
cent., and the Orel Vitebak Railway Loan, Spanish
of 1867, and Turkish of 1866, 4to 4. Subjoined
are the prices :—Brazilian of 1865, 744 to 4 ; Chilian
of 1867, 891 to 904 ; Egyptian of 1864, 81 to 82 ;
ditto Viceroy Loan, 724 to 73; Italian of 1861, 491
11 to 4 ; Mexican, 151 to 16 ; Peruvian of 1865, 794
to 7 ; Russian of 1866, 854 to 86 ; ditto Orel
Vitebsk Railway Loan, 81 to 3 ; Spanish, new,
36 to 3 ; Turkish of 1858, 594 to 60 ; ditto of
1882, 63} to 644 ; and ditto of 1865, 34 to f.
Indian stocks remain quiet. The Five per Cents.
are at 1134 to 1141 ; the Four, 1003 to 101 ; the
Bonds, 284. to 335. prem. ; and the Five per
Cent. Debentures, 105 to 4. Exchequer Bills, 7s.
to 12s. prem.
In the market for Bank shares, London and
Brazilian have risen It. 10s., viz., to 33 to 30 din. ;
and Imperial Ottoman are firm at 4 to 14 pram.
London and Westminster, 67 to 68 ; Australasia,
55 to 57 ; Oriental, 424 to 4 ; Anglo-Austrian,
41 to 4 prem. ; and Consolidated, tog pram.
The shares of the financial companies present no
movement. General Credit, 24 to 4 dia. ; Credit
Fonder, 74 to 7 dia.; International Financial, 14
to lf) dim. ; and London, 26 to 25 dia.

Miscellaneous shares are without variation.
National Discount, 51 to 6 prem. ; Hudson's Bay,
144 to ; Egyptian Trading, bto 44 dig. ; Tele-
graph Construction, 134 to I ; Atlantic Telegraph
Eight per Cent. Preference, 54 to ; and Anglo-
American, 22a to 4.
American securities are in demand, with the
exception of Atlantic and Great Western Railway
Debentures, which have declined 4 per cent.,
viz., to 204 to 274. The 5-20 Bonds are
at 724 to ft, being 8 per cent. better. Erie Rail-
way shares, 49 to 4, showing a rise of ; and Illi-
nois Central, 90 to 4—an improvement of 4.
The Spanish Colonial Loan is firm at 14 to 14
prem.

- Metropolitan District Railway debentures, new
issue, are quoted 2 to 3 prom ; and the Certifi-
cates of the Foreign and Colonial Government
Trust, i to 1 prem.

The Council of India will receive tenders on
the 15th inst. for bills on Calcutta and Madras to
the amount of 350,000/.
Tlie joint traffic return of the Caledonian and
North British Railways shows this week an increase
of 1,666/. over last year.
HALF-PAST ONE O'CLOCK.
The stock markets are generally rather flat.
Coosa; remain dull, at the above-mentioned prices.
Some of the railway stocks, including Caledonianand
Metropolitan, are to per cent. worse. In the
foreign market, Italian of 1861, Spanish of 1867,
and Turkish of 1805 have declined to per cent.
FOUR O'CLOCK.

Consols are quoted 93 for money and 93 to 1 for
the account, being slightly better than at 1 o'clock.
Home railway stooks are without change of im-
portance. Midland, 1041 to 1051 ; Caledonian,
711 to 721 ; Metropolitan, 1121 to 4 ; London and
North Western, 114 to 1 ; Great Western, 481 to
491 ; Lancashire and Yorkshire, 1251 to 4 ; and
Brighton, 50 to 1.
With the exception of a fresh rise of a per cent.
in Brazilian of 1865, viz., to 741 to 1, foreign
stocks are dull. The Orel Vitebsk Railway Loan
is at 801 to 1, being 1 per oent. lower. Italian of
1861, 491 to 11 ; Spanish New, 364 to 36 ; and
Turkish of 1866, 341 to 4.
About 83,0001. in bar gold has sent into the
Bank, while 3,0001. has been withdiswn.
The Oneida, from Brazil, has reached Lisbon,
with 18,8241.
The liquidators of Overend, Gurney, and Com-
pany (Limited) will begin to issue the promissory
notes for the balance owing to the creditors on
Monday next.
The directors of the Great Western Railway of
Canada have issued their half-yearly report, in
anticipation of the meeting on Wednesday next.
Mention has already been made of the dividend,
as recommended, at the rate of 44 per cent. per
annum. The loss on the oonveresen ci American
funds for the half-year was 116,6111, as
48,2281. for the corresponding half 181Taing. At
resolution is to be submitted modifying the leans
agreement with the Grand Trunk Company to this
extent—that by six months' notice either party
may put an end to it. The net revenue of the
Detroit and Milwaukee Railway for the year 1867
was 157,9701., which is applicable to interest on
bonds, capital expenditure, Detroit sire claims, and
other items.
With reference to the United Kingdom Electric
Telegraph Compauy (Limited) we are officially in-
formed that the allotment of the new isms sodfl
60,0001. in fl per cent. debentures has been mg%
and that the applications for the suss
bly exceeded tie amount to be allottedntra
tens of allotment and regret were posted U. At*
The Imperial Russian Four Ror Cent. Bona.,
hated o account of the Niocdai (St. Pefinehnig
and Moscow) Railway are now ready td be ex-
changed for scrip, by Baring Brothers and
Co., at whose office e dividend due the
Ist of May is payable in sterling. The bonds are
Dutch and French, as well as English. A quota-

1868.

tion has been granted by the committee of the
Stock Exchange, and large transactions are taking
place daily in the bonds on the Continent.
The following is the official return of the cheque
and bill. cleared in the Bankers• Clearing-house for
the week ending Wednesday, Aril 1 :
- -- - --

ThurasT, Usreh 26 8701000
Pride', March 2T 8,610,000
ntorday, Marsh 28
Monday, March 30
Tuesday, Marsh 31 .......... 23,204,000
Wednerasy, 41pai11 ......... 10,814,000
£72,862,000
GEO. DIEBT/IBIRE, Chief Inspector.
Bankers' Clearing-hoona.

The comparison with previous periods is disturbed
by the payments at the end of the quarter, and in
connection with the Stock Exchange settlement on
the 31st.

The weekly return of the Du& of France shows
the following ehangee

Cain and bullies
Bills diacounted, looms* 669,060
Notes in eirculstion
Private deposits .......... „.-....„ Demme 780,000
Advisees .......... ....... Issraess 27,000
Treasury balance
The extraordinary aectunalation of ooin and bul-
lion has at last received a check, but the total held
is still no lees than 445,887,600/. There is some in-
crease in the discounts, as usual at this season.
The return of the Bank of England for the week
ending Wednesday, April 1, compared with that for
the previous week, shows the following changes :
Circulation luaus ...... C34,936_ 293, Darras A 164,510
Circulation active 24,167906 Increase 832,940
Public deposits 6,910,477 Decrease 376.999
Other deposits
Government securities in

--
banking gailarianant 13,V1,764 Decrease 408
Other securities la beck*
Coidepartmentbullion 20,698,418 Increase 1,668,580
n and in both

depe;tmeeits
Eleven day and other Nile_ 521..750 Isamu* 146,237
The Rest 9,627,572 Decrease 7,461
Notes in reserve
Total reserve (notes k coin)
in banking department— 11,996,307 Deere's. 1,166,911
The demand for money, as tested by the position
of the advances on private securities, has been
heavy, as usual at the turn of the quarter, while at
the same time there have been large withdrawals
of government deposits for the payment of salaries,
&c. Thus, notwithstanding a considerable increase
in the private deposits, the falling-off in the reserve
is as much as 1,166,9111. The decrease in the coin
and bullion is 333,9711., of which 133,0001. was
withdrawn for export, while the balance must have
been absorbed in the quarterly payments on
government and other accounts.

RANK OF 1
V Amount pateasnt to the Act
week ending oa Wednesday,

news DIPI

/NOLAND.
7th sad Bth Vie., c. 84, for the
, the let dy c 4 Apr% 186.

Now 1.... a .... - aiCigra

710.77niiiins 411,011100
Mae socwitlas. 490411 a)
Gold Gala aad

'
elhor lake

ii 34.614,05
"Aram DI
=ristors' Cagdat iwksasmo
Ralik Deposits (In-
soar,s7.2
Exam
laves. Banks, Ooln-
,
mak ag Naliesal
pet* Vail Div.

01.936.296

P• 21.16117.
OrlFursot Sera-

risier— 113.rnass
ores awortum 10.11118,418
Notes
Geld sad &Ivor

iiiia ... - - -..: 1,1e9,817

loWnsta. ) 6,910.477
Other Deposits 90,291,690
64min day sad 04ble
EMI &MM.

444,9011,479
April 11, MIS. GE

644,906,479
/ROE FORBE.4, Chat Chahar.

MINE-(THII3 DAY.)

'ONE O'CLOCK.

The mining market shows a better tendency,
owing chiefly to the announcement of an ad-
vance of 3/. in the standard for copper ore.
Prices, however, remain without much alteration.
West Chiverton, 65 to 66; West Frances, 40 to
43; Chiverton Valley, 44, to 5; Chivertonbfoor,6 to
; Chiverton, 2f to 3; North Downs, 255. to 274. 6d. ;
East Lovell, 81 to 9 • Great North Downs, 31 to
Grenville 365. to ifie. ; Prince of Wales, 51s. to
ton,s3a. • Wheal Se 77} to 80 ; and New Lovell,
14e. to 16s.

Withrespect toforeignandoolonial mining shares,
St. John del Rey are offered and have declined
viz. to 22} to 23 ; Don Pedro, 2 to 21 prem. ;
Anilo- Brazilian, i dia. to par ' • Pestarena, I to
du. ; Chontales, to 01 du. ; Roma
Grande, 1-16 dia. to 1-16 prem. ; Anglo-
Italian, par to prem. • United Mexican, 1h to
Phillip ; if and BOlivia, to ; Port
to i; and Central Amerimin, I dia.
to par.

RAILWAY, MINING, AND OTHER
SHAKES-(THIS DAY.)

[Sales to-day to I p.m]
COLONIAL GOVERNMENT SECURITIES.
Canada Government, 6 per cent., January and July,
1877.84, 1004.
Do., 6 per mt., January and July, 87.
Mauritius, 6 per omit., 1882, May 13 and Nov. 15 108.
New South Wales Government, 5 par oent., 1888-96,
January and July, 964.
Now Zealand, 6 per cent., 1891, March and September,
105, 4.
nd, 6 per cent., 1891, Jan. and July, 1034.
t•tsittustraliaa Government, 6 per pent., 1878 to 1802,
January and July, 109.
Victoria Goverment, 8 per cent., April and October,
109 i, 81. 94, ad.
ORDINARY SHARES AND STOCKS.
Chledoniaa, 72, 14, 24, 2.
Groat ENIOSCA, 4. I.
Orsat Northern, 1024.
Groat Westart—Origlasl, 494, i,l•
Do., South Wales, 49.
Lenamblre and Yeekohlre, 125,tmaii
Londo Belghten, sail Beath 94.
London, n and North Western, 1144, .504, 4, 4 , 50!,
Landon and South Western, 854, 6.
Mstropelitaa,
Midland, Dim aad Derby, 73.
North Bastm, wish, 100 i.
South Eutaw, 73.

PREFERENCE SHARES.
Great Eastern, Eastern Counties 6 pet oast, 87.
London and Brighton, 6 pas cent, oar., 110.
Do., 5 par ant, No. 4 100.
Midland Mosebatocutisit per cent. redeentable, 941.
North Eastern 41 per sent. redssm.,93i.

811/TISH P06131113810N11.

Bombay, to sad Gent. Ind., guar. 5 par et, 1051, 1.
East Indian, ausatsed 5 par Nal, 1101, 1.
Grand Truk of Canada,lsj
Great Indian Palinode., guar. 5 par °sat, 108 j.
Groat Western of Canada, 151, 1, .
Owls and 11AL:sod (Shares), gas. 5 per rent., 21,1.