The Express.
London, England, 1868-05-27 00:00:00

COMMERCIAL AND 11ARICIIT&

MARK-LANE.-(THIS DAY.)

Limited supplies of wheat were received fresh up to
the market this morning, but the bulk of the samples
same to hand in tolerably good condition. In both red
and white parcels, the transactions were much restricted at
Monday's decline in the quotations.
The show of foreign wheat wu good. Very little busi-
ness was passing in any descriptions at the late reduction.
Floatiniscargoes of wheat were dull and drooping. In
other kind, of produce afloat, saes progressed slowly.
Barley moved off slowly oo former terms. The supply
was moderate.

Malt was in fair supply and sluggish request at previous
Notations.

Oats were firm i value with a moderate demand.
Beans and peas were inactive, at late currencies.
Flour was dull, at about previous prices.
Heeds were quiet, and cakes moved off slowly.
fY WATER

1.868.

MONEY MARKET.-(T711.9 DA Y.)

oPIE O'CLOCK.

As usual on the Derby day there is a very thin
lattendance of members on the Stock Exchange,
and the amount of busfbees is comparatively
limited. Nevertheless, the tune of most of
the markets is very firm, owing to a
preponderance of purchases. Consols are still in
especial request, and exhibit a further advance of
Ito per cent. As regards foreign bonds,
attention is chiefly directed to Italian, Peru-
vian of 1865, and Turkish of 1865,
which are again better. Colonial Government
debentures and some of the Inditn securities also I
meet with inquiry, but railway stocks are flatter.
The fortnightly settlement will be finished on Fri-
day.
The rate for the best paper in the discount
market is 11 to 11 per cent., with a very alight
demand for money. Loans on English govern-
ment securities are offered in the Stock Exchange
at 1 per oont.

Consols are quoted 95# to 1, with div., fort
money, and 94/ to 1, ex div., for the account (June'
4), and the Three per Cents. Reduced and New
Three per Cents., 94 to 1.
Railway stocks are flat, and a decline of 1 to 1
per cent, has occurred in Midland, Metropolitan,
Great Northern A, and London, Chatham, and
Dover. Brighton, however, is 1 better. Annexed
are the quotations :—Caledonian, 741 to l 2 ;
London and North-Western, 1151 to' ; Great
Western, 532 to / ; Midland, 1061 to 107} ; Lon-
don and South Western, 91 to 93 ; Great Eastern,
I 341 to g ; Brighton, 521, to 1 ; South Eastern,
771 to 78 ; Metropolitan, 1111 to 112 ; Great
Northern, 103 to / ; ditto A, 97 to 1 ; London,
Chatham, and Dover, 191 to 1 ; Lancashire and
Yorkshire, 1271 to 1281 ; York and North Mid-
land, 94 to 1; Berwick, 102/ to 1032 ; and North
British, 331 to 34.
Foreign bonds are in request. Peruvian of
1865 are still in prominent demand, and have
risen / per cent., the present price being 851 to #.
Italian of 1861 and Turkish of 1865 are 1 better,
at 51 to and 37f to „ respectively. Brazilian of
1865, 761 to # ; Chilian of 1867, 952 to / ;
Egyptian of 1864, 811 to / ; Mexican, 16 to ;
Russian of 1886, 872 to 4 ; Orel, 791 to 1 ;
Spanish of 1887, 361 to 1; Turkish of 1858,
62 to 63 ; and ditto of 1862, 64 to 1.

Some of the Indian stocks are rather better.
The Five per Cents. are at 111.1 i to 1; the Four
per Cents., 103 to ; the Bonds, 20s. to 255.
prem. ; and the Debentures, 105 to Bank
Stock, 247 to 249 ; and Exchequer Bills, Ts. to
12s. prem.
Bank shares are neglected. London and West-
minster, 711 to 1; Union of London, 344 to 34 ;
London and County, 521 to 1 ; Anglo-Austrian,
to 5i prem. ; London and Brazilian, 28 to 24
dis. ; Imperial Ottoman, 1 to 1 prem. ; Consoli-
dated, ft to 1 prem. ; and Mexican, 9 to 7 dis.

Miscellaneous shares are unaltered. National Dis-
count, 51 to 6i prem.; General Credit, 2g to die. ;
Credit Fonder, 21 to 3 per share ; International
Financial, 2to If dis. ; London, 23 to 21 dis. ;
Hudson's Bay, 151 to 1 ; Egyptian Trading,
5 to 4} dis. ; Telegraph Construction, 144 to
; Atlantic Telegraph Eight per Cent. Pre-
ference, 5 to I ; and Anglo-American, 22,; to 1.
United States 5-20 Bonds are inquired for, and
are f per cent. higher, at 711 t 072. Erie Railway
shares are quoted 40} to 46 ; Illinois Central, 95}
to 96 ; Atlantic and Great Western debentures,
291 to 30, being f better; and the Consolidated
Mortgage Bonds, 32f to 33.

The Dover Castle has arrived from Melbourne
with 72,0001. in gold.
A petition for the winding-up of Diaderi and
Co. (Limited) is to be heard before Vice-Chan,:ellor
Malin on the ith of June.

The half-yearly meeting of the Canada Company
will be held on the 25th of June, when a dividend
will be declared.

The amount of bar gold bent into the Bank yes-
day was 195,0001.

The arrival of 201,0001. in gold from New York
was announced yesterday, the China having brought
90,0001., the New York 61,0001., and the City of
Antwerp 50,0001.
The foreign exchanges yesterday afternoon were
steady. The rates for bills ou Holland were
quoted more favourably for this country. The
hat is subjoined :
Areskedant, 3 months, 11.191 to 12.0 ; ditto, short,
ILIB to 11181 • Rotterdam, 3 months, 11.19 to 12.0 ;
Antwerp, 3 months, -
25.371 to 25.424 ; Brnel,ss, 3 months,
25.371 to 25.421 ; Hamburg and Altiou, 3 months, 13.9 f to
13.10 ; Cologne, ke. 3 months, 6.261 to 6.27 i
Bt. Petersburg, 3 months, 321 to 32 ; Paris, abort, 26.15
to 25.25 ; ditto, 3 months, 25.32 to 25.374 • Marseilles,
3 months, 25.321 to 25.371 ; Prankfort.o.n.tbwMaine,
3 mont 1201 to 1201 ; Vienna 3 months, 11.82/t.
11.871 ; Triode, 3 months, ILB2I to 11.871; Madrid 2
months, 481 to 481; Santander, 3 months, 481 to 484; Cadiz,
3 months, 481 to 48,4; Seville,3 months, 484 to 484 ; Malaga,
3 months, 481 to 481 ; Valencia, 3 months, 484 to 481 ;
Bareelons, 3 months, 4 mouths '
481bao, 3 menthe, 484
to 481 ; Saragoess, 3 to 484 • Leghorn,
3 months, 27.70 to 27.75 ; Genoa, 3 montl4, 27.70 to
27.75 ; Naples, 3 months, 27.70 to 27.75 ; Palermo, 3
months, 27.70 to 27.75 ; Meseina, 3 months 27.70 to
17.75 ; I/abon, 90 days' date, to 61e ; Oporto, 90
daps' date, 514 to 515.

The Brighton Railway traffic return shows this
week a decrease of 8,1501., the comparison being
with the traffic of Epsom races in 1867 ; the Metro-
politan an increase of 2081. ; and the Glasgow and
South Western an increase of 1631.

The annual meeting of the proprietors of the
Bank of South Australia will be held on the 23rd
June, when a dividend, free of income-tax, of 10
per cent per annum for the peat year will be re-
commended.

A meeting of the proprietors of the English and
Swedish Bank (Limited), which is now being
wound up, was held yesterday. It appears from the
report of the liquidators, which was read to the
meefing, that nearly all the claims upon the under-
taking have been paid, and all the assets realised
in Sweden. The loss on bad debts amounts to
134,3161. 171. per share, or 319,532/., has been
returned to the shareholders, and there remains
30,7131. to be returned after the arrangement of
certain unsettled claims. There will still be a
small balance to divide amongst the shareholders.
After some discussion with regard to the losses, the
report and statement of aooonnts were adopted.
At a meeting of the Imperial Continental Gaa Asso-
ciation yesterday a dividend of V. 10a. per share,
and a bonus of 11. per share, were declared upon
the 28,000 shares of the association for the half-
year ended the 31st December last.
The directors of the Dutch-Rhenish Railway
Company on the 25th inst. made a call of 2411., or
2/. Os. Bd. per share, on the new shares, as well as
on the old shares that have not been paid up. The
rail is payable by the Ist of July.
The annual report of the directors of the City of
London Real Property Company (Limited), to be
presented at the general nreting on the Ist of
June, recommends that a dividend be paid at the
rate of 5 per cent. for the year ; an interim divi-
dend of 2+ per cent. having been paid in December
last. There will then be carried forward a balance
of 2,895!. 4e. 3d.
The annual meeting of the 'temperance and Ge-
neral Provident Institution was held at the Lon-
dor4Tsvern yesterday. The report stated that 1,161
policies had been issued during 1867, sawing the
sum of 415,961/. ; and that the capital of fhe mats
tution now amounts to 090,0004
Sir James Emerson Tennant has joined ths
board of the Ceylon Company (Limited). ,
The preparations yesterday for to-morrow's set-
4144nent in the railway mark et showed that the supply

3

of stock has become more liberal. The only stock
that was scarce was Caledonian, and the " back-
we:dation," or bonus for the loan of this, has
Utterly declined oonsiderably. The following
shows the terms on which the carrying over was
generally conducted yeeterday :

_
RAM oi corn:l'4lllmm
upimies. Modem
Caledonian
Great Eastern ga toI M. eon. .... la. to 2s. 04. cash
Grad Western l-16 to 346 ma. .. Ito I cos.
Great Northam A men tot eon. .... 011,13 to I con.
London and Brighton -16 to 3-16 non... 1-1/1 to 3-16 oes.
Louden and North-Waste' n 1-16 to 116 eon... i to} con.
Lamice, CUL. and Dover W. to ta con. .... la. to la. 3d. cos.
Lancashire and liorkatdre 3-16 to 3-16 ma. .. I to; con.
ilanch„vlbefL, and,Llnoola.l-10 to 3-10 cos... 1-16 to 316 me.
Metropolitan
Midland even
Domes
Lazawbearg
United States 498 Bonds 2to 4p. c. p. a. ton. 1 to 4 p. c. cos.. ca.
Grand Trunk at Canada
Great Western of Canada Id. to 93. con ed. to 94. con.
Atlantic and G. W. Bonds 1-16 to 0 con. -18 to I coo.
Ditto ditto Debentures 1-10 to I coo.
• -- - -

_ .
Annexed are the quotations of insurance, gas,
dock, and waterworks shares, aa given in the Stock
Exchange list of last evening :

Insurance.-Commercial Union, 5 ; Imperial Fire, 345
imperial Life, 15/ : Marine, 1004 ; Ocean Marine,rplol
to • Phmnix, 120, ex div. ; Union Marine Live
(Limited), N.
Gas Light and Coke.-Bombay (Limited), 4/, 4 ; City a
Moscow Gas, 5, A ; Continental Union (Limited), 144;
Great Central, 13 ; lemma! Continental, 100/ ; Surrey
Consumers, 134, 13 ; Western, 461, 74.
Docks.-Fist and West India, 1181; London and St.
Katherine, 46, 4, 54.
Waterworka-Berlin, 141, In, 144; hest London, 1131.
Subjoined is a report of yesterday's sale at the " Open
Stock Exchange (Limited) ":-Provident Clerks and Gene-
ral Guarantee Association,G
41. paid, 31 ; Credit Foneims,
10/. fully paid, 215-16 ; Cbontales old and Silver Mine
51. fully paid, 2/. ; Belgian Public Works, original shame,
10/. fully paid, 81-16 ; Land Securities Company, Si. paid.
255. 6d. ' • Imperial Mexican Railway, 2W. fully paid, 3/ ;
Cilbeck Fells Consolidated Land and Copper Ming Com-
pany, 358. paid, 1:4. ' • Imperial Land of Marseilles Bonds,
1873, 6 ditto 1872, 61; ditto 1876. 61.; Consolidated
Land Company of Frain*, 101. fully paid, shares 19x.,
19s. 6d. • London Necropolis Company, 101. fully paid,
2 7
36 ;otlynand B
and N
lamtwreh Company,d and
al Mal 4. fully
paid,
y' Panama
Company, 5/. fully paidlri 5-16; Confederate
States Loan, 1864, 1,000 Dols. Bond, 6 per cent. interest,
9s. 9d. ; Consolidated Land Company of France, 201.
Bonds, 4 13-16, 44 ; library Company, U. paid interest 6
5 per cent., .. ; ditto interest 71, ; Copiapo Exten-
sion Railway, 101. fully paid, 9s. 6d. ; Royal Swedish
Railway, N. fully paid, 2s. 6d. ; Oriental Hotel Company,
101. fully paid, 3.

_ .
The progress of the wool sa/es is noticed as fol-
lows in the circular of Mr. Helmuth Schwartre,
dated the 25th inst. :

The following quantities have been catalogued up to
date :-26,022 Wes Port Philip ; 8,511 bales Sydney
7,526 bales Adelaide ; 586 bales Van Diemen's
2,222 bales New Zealand; 10,555 bales Caps ; 117 balsa
sundries ; total ii 5,119 bales ; leaving about 145,000 Wee
still to be disposed ,of. The sales during last week have
been characterised by remarkable bnskneas. French
buyers operate largely, and under the influence of the keen
competition which the foreign trade has generally brought
into the market price; have experieneed a further rise,
placing good to superior Aastrnl'an washed Id. to LA.
above March sales ; middling to inferior and all greasy
Australian, Ad. to Id. above March wiles ; Capet 77
above March isles.

Tozenn Evszines.

Consols, which closedyesterday at 93a, " buyers,"
ex div., for the 4th of June, opened this morn-
ing at 931, and closed firmly at 94 to 4. Fos
money the last price was 9611 to 4 with div. The
Reduced and New Three per Cents. were last quoted
93E to 94, showing a rise of t to if ; Bank Stock,
247 to 249 ; Exchequer Bills, 7s. to 123. prem.,
being 2s. better ; India Five per Cent. Stock, 116
to 4 ; ditto Four per Cent., 103 to +, an advance
of k ; ditto Bonds, 19e. to 245. prem., an improve-.
ment of ls. ; and ditto Five per Cent. Debentures,
106 to 4. The official business report is as fol-
lows :—Three per Cent. Consols, for money, 961,
; ditto, for account, 934, I, 4, ex div. ; Three pea
Cents. Reduced, 931, 4 ; New Three per Cents.,
93t, 4,4, 4 ; ditto Two and a-Half per Cents., 774;
Annuities, 1886, 12 9-16 ; Bank Stook, 249, 7 ;
India Stock, 216+, 18; ditto Five per Cent., 116+,
I, ; ditto Four per Cent. " enfaood " rupee
paper, 89+ ; ditto Five per Cent., 105 ; ditto Five-
and-a- Hall per Cent., 109, ; ditto Five per Cent.
Rupee Debentures, 1872, ion ; ditto Five pas
Cent. Debentures, 1051. A ; ditto Bonds, 195.,
22a., 245. prem.

MINES.-(THIS DAY.)

ONE O'CLOCK.

Mining shares are unaltered, in the aisenceof
business. West Chiverton, 635 to 645; Wheal
!Grenville, 30s. to 325. 6d.; West Francis,26 to 29;
North Treakerbv,lss. to 17s. 6d. ; New Lovell 19e.
to 21s. ; East Lovell, 75 to 8 ; Prince of Wales,
435. to 455. ; East Caradon, 4 to 41 ; West Cara-
don, 4 to 5 ; East Cam Brea, 10s. to Lis. ; Great
Vor, 175 to 18 ; and Emily Henrietta, 40 to 42.
Foreign and colonial mining shares show no
movement. St. John del Hey, 171 to
181 ; Don Pedro, 2 to 21 prem. ; Anglo-
Brazilian, 3-16 to 5-16 prem.; Roma Grande,
3-16 to 5-16 prem. ; Pestarena, to 4 dia. ;
Frontino and Bolivia, 9-16 to 11-16 ; Port
Phillip, 15 to ; and Chontales, 11 to 11.
The half-yearly dividend, at the rate of 8 per
cent. per annum, free of income tax, on the shares
of the Scottish Australian Mining Company (Li-
mited) is to be payable on the 27th inst.

THE TRINITY HUI:SR.—The Prince of Wades has
consented to dine with the corporation of the Trinity.
house on Trinity Monday, June 8.
A morning performance in aid of the funds of
the Royal Dramatic Uollege has been arranged to take
place at the Haymarket Theatre, on Friday, the sth of
June.

MR. J. S. MILL, M.P., UPON THE RII.HTB OF
" PERSONb." —The following letter from Mr. J. Stuart
Mill, M.P., was read at a meeting of the American Equal
RhOts Association, held at New York on the 15th :
" Avignon, Aprill4,lB6B.—Dear Madam,—l have bad the
pleasure of receiving your letter of the gird alt. I beg to
•ampiress not only my earnestwishes, but my emaldent hopes
for the success of the efforts which the American
Ameociation for Equal Rights is carrying en to obtain
the full rights of citizeip fee every subject of the
United States, and emporia for that moiety
of the nation who, though the disqualifica-
tion of difference and ram and blood cannot ha
;liltin their case, are denied a voice in those
interests which concern them in the moo manner
and in the same degree as the other moiety. In this coun-
try the political enfranchisement of women is leaning
ground rapidly in public opinion and if she cause is thus
prospering in the old country, which has never yet pro-
fessed to 'ironed its political institutions on principles el
equal justice, but chieflyon historical precedent, how much
more ought it to prosper in the United States, the very
foundation of whose institutions is the equality ef all
human beings in the eye of the law, and of the con-
stitution, and who proclaimed that great devotion
in the memorable document by which they first attested
' their exinteles es a nation. There is no true democracy
where huge classes of the community are denied equality
of political rights. Every government which perma-
nently divides its people with a governing part and •
governed part is an aristocratic government, by whatever
name it may be called, and I am oonvinoed that the people
of the United States of both political parties are capable
of
.secing this, and attached as they both are to the general
principles of democratic government, only need a perse-
vering appeal to their reason and good feelings to induce
them to free their constitution from the remains of the
old system of privileged orders and arbitrary disqualifica-
tions. I am. dear Madam, lADOSTSI7 and respectfully
yours, J. S. MILL.—Mrs. Lucy Stone."
Plitt AT LEEDS.—Last night, about 11 o'clock,
, a Bre broke out in the Prince of Wales' Hotel and Concert-
hall at the bottom of Sirkgate, sad near theyarish church,
Leeds. The flames made great program, and the building,
which was of considerable sime, was completely gutted,little but the bare walls being left standing. The origin
of the fire is not known. The damage must amount to
several thousands of pounds. Thep rot had been ad-
vertised to be sold by auction this dAy (Wednesday).
ADMIIALTY, MAY 26. —Arrorrrnaarre.—lgento-
mats Cyprbut A. F. Briggs, to the Bellerophon, to be leg
lieutenaut to Ite.r•Aimiral Ryder ; :oho W. Jones, to
the Rapid ; Wm. F. S. Mann to the Primo Consort, err
James D. Beaker to the Rt George, for service
of Machinery Afloat
in the
Oast Guard ; and Chief
Marisa Netherton, to tite

Whams' it haw come to our knowledge that un-
authariaad persona reinvent timpanists
_ap went' for mar-
POW PAT/Hirf DAYLIGHT Ur sa, wohaiby beg to carrion
tas pleb& that nous are re ree of oar ars who do nee
'nodose printed forms of order nor stizrolsol ourselves re-
sponsible for the goal manufacture of ashes sathecti-
eated by our tradeicark. —P. I. CHAPPLIIII sad .. Oak prop*.tors and amanfactuters of Ch la' Patents few Redectiasg
Light —Pio. OP, itreLt, April 1908.—(Advertlessorot. I