The Express.
London, England, 1868-09-14 00:00:00

SEPTEMBER 14,

OQMNBRCIAL AND MARKIIIS

MAZAL-LAML—(TIIIII DAY.)
The cum aseidlbiswake was they aleassish, sal
sake of all deseripelswe of pedkee have eewd slowly.
There was only a waskeMe_ supply of sew ' wisest
ea alert for the slash dad at shoat last
bloods, a ourresiss.
Persica wisest—ot which the show was *demise
acid tau geed orsaikke, set a Mail iaquiry ea terser
beim.

Barley was in fair request, and prime were Away for
both ead grinding qualities.
Ils miltrade was quiet at &sepias /eddies*.
There wee iigoed @apply cif eats- and inferior samples
i were the tura n faster of burn. Fine fluidise, how-
ever, commanded hate rates with a ready sale.
Beans were scarce and Holly as dear as es Koaday last.
Teas were a slow sale on boner tense
There was only a moderate business paring in
seeds. Clovers and trefoils rule Sr... °wady =Bll
fully late rates. linseed was dull and lower to sell.
Rapeseed was unaltered in vales. Oakes were without
obange.
Me flour trade ruled very deceive, at barely stationary
prices. Town marks are unaltered.
rated
The boating grain trade has and the
taw traneacitions in wheat have beed . erected at
a reduction in value. Oargoes on passage have been alto-
thneglected, and the quotations for such are nominal.
rieernopoli, arrived, her sold at 64e. to Its. 3d. ; Ghirka,
tots. to 66a. 6d. ; Berdianaki. 64a. ; soft Theodosia,
dl.. per 4921ba ; Eustandje, 43e. ed. ; spring
from New York, 625. per 411011 m. There has been
a hair inquiry for daisy off the coast at late rates,
but in cargoes on parage so sales have been reported.
Marianopoli, arrived, has changed hands at 29e. ; Asov,
295. • Bulgarian, 29e. ; Desubian, 30e. per 400th.. Bye
has been in demand, on oontinental account, on fay
foamier terms. We quote Azov, arrived, 34.. dd. and ditto
on paresis its. 6d. per 48011 s. Maim 'Boat has been
inquired after at last week's corradies. The following
rates have been reported:-Miarcreliaa. arrived, 345. 3d.
Thrall, 345. 6d. per 4801 be. ; Odom, an passage, 365. 31 ;
(inlets, 365. per ornes. ; Folanian, 365. 3d. ' • Wallaohian.
Ms.; Danubian, to be shipped, 34a. 3d. per 4801 be. Beans
have ruled quiet, the neared quotation for Beide off the
coast is 384. to. per 4801 b.. Egyptian lentils arrived have
sold at 365. 6d. to 364. per 6041b5. Linseed tat sold
slowly at a decline of 6d. on the week :-Black Bea, off
the coast, 68s. 6d. • Amor. on pawags, Ma. M. per 4241 be.
Egyptianiv oottan-seed has readied lie. per taw.
raw or Amens. :-Teres tl4;
13; rapsessilh IN; and 1,731 madam Foreiga
-Tans WO; Emit 10, ; ispassal, 4,911; maw,
1,366; sundry, 275 quarbers
cumin rarcis.
Per Qr.
a
Wats. Keg, ft* 4111 113 11) SI
111 - to
Be. vat% 14 is 110
u - to
Nada& awl imam

l'er Qr.
OJAI
Saar* ma
sweri=4. — a
II Iv U
1 ~ *tie U to /0

-74711111 l4 to iii
De, lAA — a
816114/1.
Neltime
Distilling
Ottulleg le w ii
Kum.
Vordsik. mad
OP to 76
Inapt= as& Wets lie to 76
Man lit to el
Rim

34smies -
le 44
Tielc
Zonew
to If

OM _
al Is li
E s de le IS
U to MI
IS le 411
rum.

xw 4O to IS
Oats.
:r, fool al to Si
potato Oa to U

Tows outdo: porta
Wo
Wombold W to 44
0 to •
= mg llollolk
to ship W to •

Per it 7
WIMAT. . s.
Nat il losto-
loo* saes
lbosOokotinfookloa
Ile
63 to 64
Std.., hool
oat so to 13
Anaieems, red
white

Own. s.
Duda sal era& U 21
Mod= 111 r U

Dsa - Is
alnithis a to 44
Pun.

ta-

_
• 0 0
_ 0 bi 0

a a as
Distilling - to SIO
Matisse
Oar. . .

1 white Lew! amt
a a a
I YAM &a to &
ha
Pees* per seek. 4ll to IN
I%mei& 46 to 49
Aseetteas,;:e bet IS te a
tosaadiaa ..
INTO LONDON BY LAND
FROM SEPT. / IrTO BEM; 12,

WM.* ----
IS to It I
Debi holm
ARRIVATII OP GRAIN. tr.,
ANT) WATER CARRIAGE.
Borg nrcurstrvm

1868.

110112 Y MARINT.-(17118 DAY;)

UN OVLOOK.

This is little ether haters about the stook
markets this morning than the general inactivityof business, although the commenoement of the
fortnightly settlement is affording some additional
occupation. Generally, the market is steady,
with some inclinations to firmness in seve-
ral of the superior stooks, which would
be more marked if political unoertaintiee
were more composed. The catastrophe by the
earthquake in Ecuador and Peru has adversely
affected the securities of those republics; but it is
hoped and believed that later accounts may prove
that the exteet of the calamity has been exagge-
rated. Home railways, for the most part, remain
at Friday's prices.

The demand for money inquiet, the general quo-
tation for the last commercial bills being 1k to
per cent. At the Bank little or no business is
in progress. On the Stook Exchange there is a
slightly increased demand in connootion with the
settlement which commenced this morning; but
the terms for short advances on government stocks
aro not quoted higher than 1 to 1 j per cent.
Consols are steady, with a fair degree of firm-
ness, at inif to 94 for money, and 94 to for
account. Now and Reduced Three per Cents., 92$
to /. Exchequer Bills remain at 13x. to 10e.
prem._

In the railway merkot, Midland, Great Eastern,
and London and North Western stocks are firm,
but Metropolitan is again slightly lower. Sub-
joined are the present quotations :—London and
North Western, 113 to 1; Great Western, 491
to 50 ; Midland, 1081 to 1091; South
Western, 86 to 88 ; Great Eastern, 381 to 1 ;
Brighton. 52 to 1 ; South Eastern, 761 to ;
Metropolitan. 1661 to 4; Great Norther's, 106 to
; ditto A, 1061 be ; Loch.. Chatham, and
Dever, 161 to 4.
Indian stooks are also steady. The Tea-sad-a-
Half per Cleat. stook is quoted at 215 to 917;
ditto Five per Cents., 1144 to 115; ditto Four per
Omits., 103 to 1. Roads, Ws. to Ws. pron. ;
Debentures, 106 to 1.
With the exception of Peruvian stock foreign
securities are generally well supported. Peruvian
of 1866 has fallen to 76/ to 77, being 2 per
oent. below Friday's prices. Spanish, 1887, 34
to ; Milian, 1867, 94 to 95; Egyptian Seven
per Conte., 861 to 87; Italian of 1861 has been
dealt in at 514 ; Turkish Five per Cents., 1866, 39
to 1. The Honduras Loan is quoted at 85 to 86.1'
The allotments of the Russian Railway Loan
were received this morning. The applications
were very numerous, and as a rule the allotments
have not exceeded ono-twentieth of the amounts
applied for. This has had a good effect on Rus-
sian securities generally. The Moscow-Jaxosloff
Railway is quoted at 34 to prem. Orel Vitebsk,
831 to 831.
In American securities United States 5-1)
Bonds remain at 714 to 72.
Very few transactions are reported in Bank
shares. In foreign banks Anglo-Austrian are
quoted at 1.4 to 7, and Imperial Ottoman at 1 to 1
prem.

Miliool6llooll.l shares are steady. National Dis-
count, 11 kto ; General Credit, 2# to kr dis. ;
International Financial, 1# to ) dia. ; Hudson's
Bay, 141 to 15 ; Telegraph Construction, 16 to I ;
Atlantic Telegraph, 3; to 4 ; and Anglo-Ame-
rican, 201 to 21k.

The directors of Muntz'a Metal Company have
declared an interim dividend for the half-year
ending June 30, at the rato of .5 per cent. per
annum, by way of interest on capital. It is pay-
able on theist October.

The half-yearly interest, at the rate of 5 per
cent. per annum on the Preference Stock of the
London and Greenwich Railway, less income tax,
will be paid on the 30th inst.

The Wave of Life has arrived from Melbourne
with 101,300/. Australian gold.

The letters of allotment of the Moscow Jaros-
law Railroad Company's 5 per cent. loan for
1,920,0001. were issued on Saturday evening by
Messrs. Baring Brothers and Co. Owing to the
extent of the applicadons, both here and in Am-
sterdam, it is understood that only a very small
percentage of the amount applied for has been
allotted to each applicant.

A review of the course of the stock markets
during the last week presents few changes of
special importance, owing to the absence of many
of the leading operators, and to the general
dulness of business usual at this season. The late,t
prices of the English funds are the same as those
of the week previous, the market being upheld by
the plethora of money, and by the low rates at
which stock can be taken up and held on borrowed
money. There is likewise no change in the Indian
government Five and Four per Cent. Stocks, the
quotations of which have now attained a point
that deters further investments of importance. As
regards foreign stocks, the week a movements
were uniformly favourable, except in a few in-
stances, such as Italian, Mexican, Spanish Bonds
of 1867, and Turkish Five per Cents., in all of
which a fractional reduction is observable. Other-
wise the advance in this department is
nearly general, and is especially noticeable
in Brazilian, Egyptian, Peruvian, New Grena-
dian, Honduras, and some of the Turkish and
Russian loans. At a loss for suitable channels in
which to employ their surplus money, the public
continue to find a great temptation in foreign
stocks of the better class, on account of the com-
paratively high rates of interest yielded by
them. American securities scarcely did more last
week than maintain previous quotations, but
attention may be called to the increased disposi-
tion manifested by many European holders of
5-20 Bonds to relieve themselves at once and for
ever from the prevailing uncertainties respecting
the mode of redemption of their capital by ex-
changing from these loans into the 10-40 Bonds,
repayment of which in gold is expressly provided
for by act of Congress. British railway stocks, in
most instances, have advanced since Satur-
day week, the principal rise being in Great
Northern (eepecially the "A" stock). Midland,
and Lancashire and Yorkshire, but some lines
have fallen, especially Caledonian, Metropolitan,
and certain of the North Eastern stocks. It would
appear that the public still invest but sparingly in
the ordinary stocks of our railways, and that the
impulse given last week to prices is attributable
chiefly to repurchases by previous speculative
sellers, who are unwilling to face the possible con-
sequences of a continuance of the more favourable
traffic receipts lately shown by a number of the
principal lines. A prominent feature of Stock Ex-
change business
is the continued demand on
the part of the investing public for all socuri-
ties of a really solid class, accompanied
by an unusual neglect of stocks of in-
ferior rank. For example, the market is now
practically bare of Indian Goventment and Gua-
ranteed Stocks and Debentured; as well es of
British Railway Debenture Stooks of the first
class. The steady appreciation of these latter
securities sufficiently marks the wane which rail-
way administrators ought to adopt. by converting
their floating into funded debt. The only other
feature that need be referred to here is the oornia-
native dullness of the market for Bank shares, con-
sequent upon the absence of movement in the
discount market, and upon the stagnant condition
of financial enterpriae generally. It is believed
that the statement to be laid before the proprietors
of tie Bank of England at their dividend court
on Thursday next will ho unfavountble to the
warped of any speedy revival in banking profits,
it being estimated that the dividend to he proposed

1 I

Atmospherical us less at all our stations thee they
Were rezterdaY.The clang* hem been about one-tenth of am
inch, but readings on the Vila eoot of France are glints higher.
The geated premises are in Beollaad ; there is a difference of
nearly half an inch between those at Nairn and Biarritz. Teen-
rfrauhas diminished since Saturday, and is now
re
w. Strong easterly winds prevailed yesterday on our
rasa, whilst a fresh easterly wind was general. It as still fresh
in the South of England, but moderate elsewhere. The weather
is cloudy or overeat. The sea is disturbed in the English
Channel.

On Saturday afternoon as grand review of the
regular troops and volunteers of Lancashire was held at
Heaton Park, by Major-General Sir John Garvock,
R.C.8., commander-in-chief of the northern district.
The force on the ground mustered over 6,000 men, in-
cluding about 1,000 regulars; and the number of spec-
tators was estimated at from 15,000 to 20,000, who paid
sixpence each for admission to the park.
FATAL BOAT ACCIDENT IN MORECAMBE BAY.—
On Saturday morning Mr. John Sumner, a retired ship's
captain, and Mr. W. Boaden, schoolmaster, both of Bar-
row.in-Furness, went out in a small boat to fish near Peel
Island, in Morecambe Bay. As they were returning to
lid pier, a sudden gust of wind caught the sails, which
had for convenience been tied, and the boat capsized.
Captain Sumner was unable to swim, so Mr. Boaden, who
is an expert swimmer, supported him until the crew of a
pleasure yacht came to their assistance. When brought
to chore, Mrßoaden soon recovered, but his companion.
who was an *aged man, only breathed a few minutes, and
then expired. A doctor was quickly procured, bet his
efforts to restore animation were unsueoessfuL
TUE TIMES AND TILE AMERICAN WAR.—If an
impartial American were to put the case temperately
against us, he would probably compress it into the asser-
tion that a kindred and friendly nation, engaged in a
struggle for the preservation of its sovereign extieenme and
the fulfilment of its highest destinies, deserved at least
active synikathy at our hands. He would urge that the
Cajon and its institution+ promised infinite advantages to
the human race, and that a Confederacy founded on
slavery ought to have been at ones condemned. He might
further sal that the Republican party, as represented in
the Northern States, hail always been well-deposed to Eng-
land, and that the occasional provocations of which we
complained had proceeded from those very Southern men
who had formerly monopolised political power and then
betaken themselves to rebellion. These arguments, we
now frankly admit, might all have been substantially sus-
tained, arid it is also clear? without our confession, that
we were mistaken in doubting tiao power or iwraisteace of
the North in the prosecution of the war, and in anticipat-
ing the ultimate success of the Smith through the wean-
new or dissensious of its adversaries. To these acknow-
ledgments the Americium are welcome ; hut as they, like
ourselves, a ill have the advantage of time and reffeetioa
in a seeder retrospect, they
.will, perhaps, discover soma
admisaious to be made in their turn.— nines.
NATIONAL KLIIIIIMON OF WORTS OP AZT. AT
Limy.—Return of admissions:—Saturday, September 12,
by warm tiokata, 757 ; by roman% of la, soak, s,sfid
• total, CAL