The Express.
London, England, 1861-11-08 00:00:00

"ii ii

TO TER IDTTOII OF TEE TXPRIENS.

Sia,—My apology is due to you for troubling you so soon
la this matter, but as the subject is one of grave importance
to so great a number of individuals, both rich and poor,
depositors and creditors of the above institution, and indeed
to the commercial honour of this country, I trust I may ask
your indulgence.
It would be impossible for me, in the space of a letter, to
detail the misery that is already felt by depositors in this
association, as day by day is disclosed to me and my clients.
My object now is to inform you and the creditors of the
camera that after mature consideration by several depo-
sitors and creditors, and in the spirit of numerous letters
and smoreetions to me sod to Messrs. Allsop upon the sub-
ject as to there being many mattes beyond the mere glues-
tion of figures that the depositors ought to be fully in•
formed upon. which perhaps will not fall within the scope of
Messrs. Harding and Co.'s examination, and can ouly be
arrived at by a committee of depositors end creditors them.
selves, it has been determined to form such committee at
once, and three gentlemen have been invited and have con-
seated to act, with power to add two to their number.
The committee will proceed in harmony with Messrs.
Harding, sad not in opposition to them.
Depositors who have kindly responded to my previous
letter will acoept for the present this general ackuowledg•
seat, a reply to each individual case being, from thew num-
ber, impraotimble, and I shall be obliged for a continuance
of suggestions and inforniation.—l am. Be.,
CHAS. HENRY EDMANDS.
Solicitor to the Committee.

1, New Ina, W.C., Nov. 6.
The first steamboat for the service of the China
and Japan Steam Navigat;on Company was
launched ou Saturday last from the yard of Messrs.
Laird, of Birkenhead.
The annual meeting of the Ithymney Iron Com-
pany is called for the 20th Mat.
A petition for the winding up of the Taranaki
Steel Iron Company (Limited) is to be heard iu the
B:.nkruptcy Court ou the 29th instant.
We are requested to state that the subscription
list of the Itoodee Iron Shipbuilding Company
(Limited) will be closed on the 13th inst.
The position of the market for American securi-
ties is noticed as follows by Messrs. D. Bell, Son,
and Co.

Duriug the past week the market for American securities
has been very dull. end both State stocks and railroad bonds
have been more freely offered for sale.
The fourth series of colonial wool males oom-
menced yesterday. The catalogue comprised the
following :-92 bales Sydney, 680 Port Phillip,
100 Van Diemen's Laud, 16 Adelaide, 602 New
Zealand, 859 Cape ;'total, 2,349 bales. The at-
tendance of buyers is large. Fortner prices (re-
port Messrs. Dutton and Hiucken) have been well
sustained. The wools were moistly of an inferior
and faulty description. More spirit has boon
evinced on the part of foreign than English buyers.
The arrivals for the present sales consist of the
undermentioned wools :—Sydney, 14,875 bales ;
Victoria, 8,486: Vau Diemen's Land, 744 ; Ade-
laide, 1,138; New Zealand, 8,286 ; Swan River,
31; Cape of Dood Hope, 27,207 ; total, 00,767
bales ; m addition to which there are about 7,000
bales held over from the July and August series.
Thu mails from India and Australia arrived at
Alexandria on the sth inst. It is understood that
no regular China mail has arrived by this oppor-
tunity, owing to the lapse a few months back of
one from thin side.

The 13anian has arrived from China with
997,000 lbs. of tea.

The Sovereign of the Seas, which sailed from
Liverpool on the 27th of May, has been burnt to
the water's edge, at Sydney, and sunk, with 20 feet
of water in her hold.

The Emigration Commissioners have taken up
the ship Annie Wilson, for the conveyance of pas-
sengers to Sydney.
The return of the Bank of England for the week
ending Nov. 6, compared with that for the pre-
vious week, shows the following changes :

Circulation issue
Circulation active ..
Public depuuts 4,240,889 lecreame 457,964
Other deposits
Government securities in
banking department
Otbersecurities in banking
department
Coin and bullion in both
departments 14,210,774 Decrease 7,828
Seven day and other bills 802,ae2 Increase 21,415
The Rest
.... -

Notes in reserve
Total reserve (notes& coin)
in banking department 8,087,450 Increase 121,017
Notwithstanding the large decrease in the private
deposits, there is an addition of 121,0471. to the
reserve, owing to the continued decline in the secu-
rities held by the Bank. The coin and bullion are
almost stationary.

BANK OT ENGLAND.—An
sad 816 Vic., c. for Ow
C. nil.

IsSCE DIP
Notes lamed Z2i,063,276

/23,053,375
16311100 IH
=rioters' Capital /414,653,000
6,100,000
Public Dept:mita (in-
cluding &thou.,
Bar. Hanky Coin.
nil.. of National
i/obt. and Dir.

•
11;;Ia.) 4,?40.880
Other Depodta.... 13,616 241
Maven day and other
80.2,142

LA V 10,611

ecount pursuant to the Act 71,k
ek ending on Wednesday, NOT.
PARTNEVT.

Government debt C 11,016,1011
Other enmities 3,634,1101
Gold coin and bul-
lion
Silver bullion

. 13,4011,271

Nov. 7, UAL

it3,O64,STS

PAM' lENT.
Government Seca-

tit;s7l;;CluTling-
Dead Weight Au
unit))
Other goeuritiet 1,t460,864
Notes
Gold and What
Coin 507,490

/.36,t60,514
MAIIIIIIALL. Chief Cashier.

THURSDAY Evisnia.
In the Congo' market the terms for loans to the
December settlement were 2 to 2i per cont.
Consols, which closed yesterday at 93} to
1 cum div. for the sth Deo., opened this morning at
the same quotation, rose, after the movement at
the Bank, to 931 to 1, and closed at 93i to 1, or
equal to 92 to }ex div. For money the last price
was 93} to it cum div., or equal to 911 to/ ex div.
The official business report is as follows :—Three per
Cent. Consols, for money, 931, },ll, tuna div. ; ditto
for account (Dec. 5), 92, 91} 921, ex div. ; Three
per Cents. Reduced 911,1441,j, ; New Three
per Cents., 911, 1, 1;1, 1 • • y Years Annuities,
1885, 15 9-16 ; Bank Stock, 228, M. }, 230 ; India
Stock 226; ditto Five per Cent. Stock, 105},4, 4,
}, }, f ; ditto Four per Cent. Debentures, 1859,
981 ; Five per Cent. "enlaced" rupee paper, 98 ;
ditto Five-and-a-Half per Cont., 1041, ft.
The India Five r Cents. were in active demand,
and closed at 105}pe to 1 for money, and 106} to
for the December settlement, being about 4 par
cent. higher than yesterday.
After to-day both Consols and India Five per
Cents. will be quoted ex the January dividend.
. .

The rupee paper was rather more ciiquired for.
The March Exchequer Bills rose la. to 25.,
closing at ss. to 10s. prem. The June bills were
firm at lie. to 20a. prem.
Mexican Bonds were well supported to-day,
closing at 271 to /. Attention continues to be
likewise directed to Venezuela Bonds, which left
off at 22 to }. The Spanish Coupon Certificates
were in request, and after touching 81, " buyers,*
closed at 61 to }. There was a rise of II in Turkish
Bonds : the Loan of 1854 closed at 78} to 80, and
that of 1858 at fin to 88.
London, Chatham, and Dover Railway ordinary
stock has advanced to 48 to being in demand.
Bank shares to-day were firm. London and
County, and London Joint Stock Bank were
in demand. East and West India Duck stock
advanced 1 per cent. Canada Land shares were
rather more offered.

The clueing quotations for shares in new under-
takings to-day were as follows :—Ocean Marine
Insurance, Sto 54 preen. ; Thames and Mersey
Marine, 1 1-16 to 1 3-16 prem. ; Universal Marine
Insurance, 1 7-16 to 1616 dis. ; London and Pro-
vincial Marine, 4to die. ; Oriental and General
Marine, t dia. to par ; Mercantile Fire, gto
prem. ; Commercial Union Fire, dia. to par ;
London and Lancashire Fire Insurance, par to
prem. ; Asphaltum Company, to prem. ; Roodee
Iron Shipbuilding, 4to g prom. ; and Venezuela
Cotton, 4 to a prem.

MINES.-(THIS DAY.)

Two o'CLocw.

The mining market to-day is quiet. The
movements have not been of much interest. Wheal
Seton shares are quoted 118 to 120. East Camden
2G tog ; Market Valley, 92 to 10 ; Wheal Mary
Ann, 14 to ; Providence, 43 to ; Heredsfoot,
63 to 64 ; and South Caradon, 295 to 300.
In foreign mining shares attention is still ex-
clusivelf directed to St. John del Rey and
United Mexican, both of which are fairly
supported to-day. The former have been
dealt iu at 50 to 514, and the latter at 71 to 8.
St. John del Rey shares are now firmer at WU/ 51.
In colonial mining shares there has been scarcely
any business.
At a meeting of the Perran Bay Iron Mining
Company held yesterday a resolution was passed in
favour of the adoption of a vigorous prosecution of
the works, the result of the operations up to the
present time being considered sufficiently favour-
able to justify this step.