The Express.
London, England, 1861-07-11 00:00:00

PAOVINCIAL SHARE MARKETS.

LIV73trOOL, JCL! 10.— Birkenhead, 84 844—Caledonian, %l 99
rn —Easte Counties, 9 13-16 9 15-16-Greatorthern, 1071 1 }—
Great Western, 711 71 Lancashire and Yorkshire Stock, 1111 1111
—London and North Western Stork. WI 931—London and South
Western, 96 969—Manchester, Shefileld, and Linoobashlre, 479
471—Midland Stock, 190/ 111 DiUo, new shares, 14 19 p.—
North Britlah, 63 631—North Staffordshire, 69 6 d.—North
Eastern, Berwick, 1069 1069—York and North Midland, 94 041—
Leeds cspital stock. 1.21 639—South Eastern and Dover, 241
24 7-16—West MI lland, Oxford, 43 45 Buffalo and lake Huron,
4/ s—Dutch Rhenish, 24 2 d.—Onusel Trunk of Canada, 413-16
41616—Great Luxembourg, 8 81—Oreat Western of Canada,
10L01-111lnols Central, 38 379 d.—New York and Erie, 21
33 Mimes and Mersey Insurance, 9I p
n111313m, JULY 10.—London and North Western stock
was quoted as worth 04 : Caledonian Preference, buyers at 1019 ;
mouth Stafford', at 101 • Birmingham Bank, at 244 . and Midland
t=11,4!.. ilinningham fire-office shares were done at 104, and
Yin were offered at O.

SINGULAR, Diane.—hat Friday great sensation
wee caned in North-street, Hell, between 5 and 6 p.m.,
by • report which "read like wildfire, that a little girl,
two yoke old, the illegitimate offspriog of a single women
WOW Jane Simpson. had been strangled. The mother of
the child was the find to spread the news of its death.
From the accounts that the mother gave to the police, it
appears that she had left the child aloes,locked the
house at 6, and cra returning a few minutes she
fouled tilsat it was positively strangled by the elotbee line whioti
wee hung across the room, but was so loam that it nearly
reached the floor, and by some strange fatality it bad got
entwined around the child's neck as to cause its death in
about five minutes. A ooroner'v ioquest was held, and
tie }try returned a verdict of "Accidental death."—
Aliwiera Counties Ilersld. . .

MONEY MARKEZ-(THIS DAY.)

Two o'CLocz.

The funds to-day show increased firmness. A
fresh improvement of 1-16 to k per cent. bas taken
place. Little business is going forward. No
alteration has occurred in the Bank rate of discount
at the weekly court to-day. In the other depart-
ments of the Stock Exchange the tendency of
prices is likewise upwards, particularly as regards
Midland and London and North Western Railway
stocks.

At Paris this morning, according to Mr. Reutee's
telegram, the Three per Cent. Rentee opened at
67fr. 87c., being about the same as yesterday.
The India Five per Cent. stock is firm, being
marked NI to 99 for money, and 981 to 99e for the
account.

Consols are officially marked 90 and 991 for
money, and 901 for the account. The pre-
sent quotations are 90/ for • money, and
90 5-16 to 7-16, or 901, for the account.
The official business report is as follows :
Bank Stock, 230 ; Three per Cents. Reduced, 89/,
I ; New Three per Cents., 891, a, I ; India
Five per Cent. Stock, 981, I, 99, 94,
; ditto for account, 991, 981 ; ditto
bonds, 10s., 14e. die. ; Kxchequer Bills, March,
fie. dia. ; ditto June, 3s. die., par, ls. prem. ; ditto
Small, June, par, 28. die.
_ _

Turkish Bonds have declined to per cent.,
the loan of 1854 being now quoted 76 to 4, and
that of 1868, 61 to 4. Sales are recorded as fol-
lows :—Brazilian Old Five per Cents., for account,
994, 09 ; Russian Five per Cents., foracoount, 1021,
102 ; ditto Four-and-a-Half per Cents., 89, ex div. ;
ditto Three per Cents., 1859, 61 ; Spanish Three
per Cents., for account, 484, ex div. ; Turkish Six
per Cents., 1858, for account, 614, 604, 614 ; ditto
1001. Bonds, 64.
The North American bas sailed to-day for
Quebec, with 65,815/. in specie.
Yesterday being the second day of the dividend
payments, the supply of money in all quarters was
more liberal, and the rates showed a drooping
tendency. The best bills were discounted at 54 to
54 per cent. At the Bank of England, where the
bulk of the quarterl4 advances have now been re-
paid, the demand was moderate.
As Friday draws near, the Indian Loan attracts
great attention. The tenders will be very numerous.
Opinion varies as to the price which will be fixed
by government. It will probably not be finally de-
cided upon until to-morrowmorning. The impression
is that it will be 98 or 984, but more likely the
former. Upon the last occasion, in February,
1861, the market price on the morning of the bid-
dings being 99, the minimum was fixed at 984.
This gave the subscribers 4 per cent., and the dis-
count allowed was worth 12s. 74d. per cent.,
making 14 per cent, bonus in all. There was then
allowed 7a. sd. of back interest, whereas sub-
scribers now will get none at all, though the dis-
count now allowed is equal to 17s. 40. Assuming
that Sir Charles Wood proceeds upon the same
bases as last time, and considering that the amount
of stock offered on the present occasion is 1,000,0001.
larger than in February, 98 would appear to be the
proper minimum to fix. Applicants who wish to
obtain an allotment in full will of course offer such
a price over and above the probable minimum as
they may consider necessary. Meanwhile, it is
much to be regretted that some more pre-
Mae official declaration has not been made
in Parliament respecting the probable future
extent of the government requirements in con-
nexion with the railways. Applicants must not
lose sight of the contingency, that before the close
of the present session, which has now less than a
mouth to run, government may, as they
did before, suspend the standing orders, and
get a bill passed authorising a further crea-
tion, over and above the 4,000,0001. now pending.
About 20,0001. in gold was bought by the Bank yes-
terday, while 40,000 sovereigns were withdrawn for
exportation to America. The Glasgow, for New
York, took to-day 189,7611. in specie.
The Marco Polo, from Melbourne, with 26,0001.
in gold, has now been out 142 days ; the Borges,
with 42,0001., 128 days ; the Agincourt, with
79,0001., 104 days ; the Norfolk, with 235,0001.,
88 days ; and the Donald M`Hay, with 200,0001.,
81 days. The total ie 582,0001., the bulk of which
is dna. The Marco Polo has met with detention
at Valparaiso.
Two bars of gold have reached London from
Nova Scotia, being the first remittance from that
quarter since the gold discoveries. It is described
as of the average quality of Australian.

The Euxine, which will leave to-morrow, will
take 5,0001. in gold for Alexandria, and 3001. in
gold and 160,4281. in silver for Bombay. Included
in the silver is a government remittance of
71,9631., being the residue of the total of 848,3621.
purchased from the Bank, by the Council of
India, in April last.
The Liverpool cotton market yesterday was very
firm. The sales reached 15,000 bales.

The report of the Canadian Government Com-
mission appointed to inquire into the affairs of the
Grand Trunk Railway is at last in circulation. The
first copies arrived in this country about a fortnight
ago. Why they have been withheld so long remains
unexplained. It is said that it has been found
necessary to detain them whilst some alteration
was being made. The form taken by the volume is
that of as blue-book of no less than 320 closely-
printed pages. Of these, 80 consist of evidence
and 180 of appendix. The whole appears to afford
full information on the various financial and other
points affecting the company. The report of the
commissioners themselves comprises 62 pages. We
cannot do more upon the present occasion than
refer our readers to the summary of the principal
paragraphs, imitating on the necessity of a " com-
promise," given in the Doily News of the tot inst.
With reference, flyover, to the charges of lavish
expenditure frequently adduced against the com-
pany and its agents, it may be useful to reproduce
the following remarks of the commissioners. The
moderation of tone with which they refer to this
subject will tend to encourage the share and bond
holders :
& general lavishness of expenditure is one of the faults
which are charged against the management of the company,
a charge not altogether devoid of foundation. We believe
that in all undertakings which involve a large expenditure
this is an error which is apt to prevail. The consuutt deal-
ing with large sums begets • tendency in all parties con-
fumed to undervalue small economies, and to imagine that
a few dollars in thin or that item will not be felt amongst
the millions involved in the compam 's transactions. The
very nature of the subject renders it impossible for nig to
deal with it otherwise than in general terms ; but it is an
important point for the consideration of the officers of the
company, for a multitude of small leaks may as effectually
sink the ship, as a large one which more readily attracts at-
tention. We will, however, point out a few of the minor
instances of lavishness, or defective management, which
have struck us during our investigation, or which have been
prominently brought before the public.
We have also received copies of the second re-
port of the committee of share and bond holders
of the Grand Trunk Railway. This is an ably-
framed and extremely important document. It
comprises a complete plan for the re-organisation
of the company.
The London and North Western Railway traffic
return shows this week a decrease of 1,9731. ; the
Great Western a decrease of 2,337/. ; the Great
Northern a decrease of 1,3081.; and the London
and South Western an increase of 6101. It is
rumoured that the forthcoming return of the Lan-
cashire and Yorkshire Company will show a de-
crease of 1,7001.
The traffic receipts of the Great Western Railway
of Canada for the week ending June 18 were 6,7731.
sterling, being 692!. more than in the corresponding
week of lot year.

S.

The Submarine Telegraph Company notify that
they are now prepared to extend the advantages of
the frank stamp system (which has hitherto been
limited to the United Kingdom) for telegrams by
their direct Hanoverian and Danish cables to all
places in Hanover and Denmark, including Ham-
burg, Bremen, Copenhagen, &c.
A special meeting of the Surrey-side Street Rail
Company (Limited) is called for the 18th inst.,
to oonaider the advisability of altering the articles
of association as regards the capital.
The annual meeting of the Royal Swedish Rail-
way Company is called for the 17th of August, A
Orebro, in Sweden.

Subioineciareiie latest quotations of insurance,
gas, and other shares, as given in the last Stock
Exchange list :
Insuranee.—Equity and Law, 61 ; Globe, 99 ex div. ;
Law 801; and General Vde, par ; London,
424 ;• Londoe and %nomad Marine, 2; Ocean
et ; Rook Life, 81 ; Thames and M Marine, 74.
Gan—European, 124 ; Great Central,; Imperial, new,
57, 58, 571 ex div.
Docke.—Losides, 64 62. Waterworks.—Lambeth, 103.

With reference to the market for American secu-
rities, Mr. K F. Satterthwaite reports as follows :
. _ _ _

The market in London for American securities has been
Arm during the past week, with more disposition to boy,
especially since the rumour of the Southern States offering
terms, and considerable clearances of United Stake and
Virginia Bonds have been made. For Railroad Bonds there
is an improved inquiry. In railroad shares the chief de-
mand has been for Illinois Central and Erie shares, both of
which have advanced fully 1 per cent,

WED/MCAT EVININCL

Consols, which closed yesterday at 90 to t for
the 7th of August, opened this morning at 904 to
1, receded to 90 to 4, and closed at 904 to For
money the final price yesterday was 891 to 4, and
to-day 894 to 90. The official business report is as
follows :—Three per Cent. Consols, for money,
891, 90, Mt 4 ; ditto for account (August 7),
901, 90 ; Three per Cents. Reduced, 884, 4, ;
New Three per Cents., 884,
li #, 4, ; Bank Stock,
290 ; India Stock, 218 ; ditto Five per Cent. Stock,
981, 4, ; ditto for account, 984, 99 ; ditto
Four per C.mt. Debentures, 1864, 261 ; ditto Bonds,
10s., 12s. die; Five per Cent. " enfaced" rupee
paper, 944.
The India Five per Cent, stock was in demand,
and very firm. The closing quotations were 981
to 4 for money, and 98/ to 994 for the new ac-
count (August 7).
The March Exchequer Bills were steady,sat 10s.
to 6s. die. ; and the June, at 4s. die. to par.
There were again numerous transactions in the
Turkish Loan of 1858, which was marked from 611
up to 62. The closing quotation was 614 to 1,
being nearly the same as that of yesterday. The
Loan of 1854, after being marked 77, closed at
764 to 1, or also nearly the same as yesterday.
Mexican Bonda were steady, at 2'4 to 1. Buenos
Ayres Six per Cents. have declined to 86 to 8&
In the market for bank shares there was an im-
provement in London Chartered Bank of Australia,
and a slight decline in Bank of Australasia. Scot-
tish Australian Investment stock was inquired for,
whilst London Dock and Van Diemen's Land were
quoted rather lower.
The closing quotations far shares in new under-
takings to-day were as follows :—Ocean Marine
Insurance, 34 to 4 prem. ; Thames and Mersey
Marine, 1 to / prem.; Universal Marine Insurance,
#to die. ; London and Provincial Marine, dia.
to par, ex div. ; China and Japan Steam, per ;
Commercial Copper, die. to par ; Seend Iron,
par to prem.
The inquiries for Victoria government debentures
continue.