The Express.
London, England, 1868-10-21 00:00:00

10117 auarar.—(?Rs DAY.)

ONE O'CLOCK.
Owing chiefly to the demand for gold for the
Continent, Consols are flat, and have declined
per cent. A similar reduction has taken
place in the Three per Cents. Reduced and
New Three per Cents. In the railway market,
there is a demand for Midland stock, at an im-
provement, in consequence of the increase in the
traffic; but Metropolitan has receded upon specu-
lative sales for a fall. Foreign bonds have experi-
enced a further rise, the moat important movement
being in Brazilian of 1865, Italian of 1861, Peru-
vian of 1865, and Rusaian of 1886. United States
5-20 Bonds are again lower. Colonial govern-
ment debentures ountinue to be purchased for in-
vestment, and have unproved in several eases.
There is no alteration in the discount market,
and the rate for loans in the Stock Exchange is
still 1 per cent.

Consola are quoted 941 to 1 both for
money and the aooount (November 5) ; and
the Three per Cants. Reduced and New Three
per Cents., 931 to 1.
In the railway market Midland stock has im-
proved 1 per cant., while Metropolitan has declinod
1, and South Eastern 1. Prices are quoted as follows:
—Calodonian, 71 to 1; London and North Western.
1121 to ; Great Western, 481 to 491; Midland,
1121 to 113; London and South Western, 871
to 884 ; Great Eastern, 401 to 4 ; Brighton,
521 to ; South Eastern, 77f to 1 ; Metropo-
litan, 1061 to 107 ; Great Northern, 1071 to
108 ; ditto A, 106 to 1 ; Lancashire and York-
shire, 1281 to 1 ; London, Chatham, and Dover,
171 to 18; and Manchester, Sheffield, and Lin-
colnshire, 47; to 48.
The foreign stock maiket is firm, with numerous
pureliares. Brazilian of 1865, Italian of 1861,
Peruvian of 1865, Russian of 1866, Spanish of
1867, and the Orel Vitebsk Railway Loan have
iimm Ito 1 per cent. Subjoined are the quota-
tions :—Brazilinu of 1863, 74 to 4; Chili= of
1867, 911 to 93 ; Egyptian of 1864, 821 to 83, ex
div. ; Italian of 11461, 331 to 34 ; Mexican, 101
to 1 ; Peruvian of 1863, 821 to 1; Russian of
1860, 901 to 911; Nicolai Railway Loan, 681 to
; ditto Orel, 831 to 81, ex div.; ditto Mose,ow-
Jszotlaw, 831 to 2 ; Spanish of 1867, 33; to I ;
Turkish of 1858, 672 to 681; ditto of 1862, 70 to 1;
and dittoof 1863, 411 to 2.
Indian securities present no movement. The
Ten-and-a-Half per Cents. are at 214 to 217 ;
the Five, 1144 to 113; the Four, 1031 to 101 ;
the Bonds, ISs. to 235. prem., and the Debenturei,
1031 to 106. Exchequer Bills, are firtn at 17s.
to 21s. prem. bank Stock, 242 to 244.
The only change in reisec•llanoous shares is a rise
of 2s. Gd. in Hudson's Bay, viz., to 13: to 1;
General Credit, 24 to / die. ; International Finan-
cial, 11 to dis. ; Telegraph Construction, 13
to 10; Atlantic Telegraph Eight per C -nt. Pre-
ference, 3; to 41; and Anglo-American, 211 to 22.

American securities are dull. The 5-20 Bonds
are i h.wq r, at 724 to I. Erie Railway shares,
311 to 32 ; Illinois Central, 96f to 1 ; Atlantic and
Cr( at Western Delxl:tures, .174 to 2 ; and the
Consolidated Mortgage Bonds, 39 to 1.
The scrip of the Italian Tobacco Loan is still in
demand, and has advanced per cent., the present
trim being 21 to 3 prem.
Bulk shares arc ina,:tive, and prices show no
movement.

The Midland Railway traffic return shows this
week an increase of 5,9161. over last year.

The traffic of the Atlantic and Great Western
Railway for the fourth week in September
amounted to 114,6414 doll. as against 121,211 dole.
for the corresponding period of last year, showing
a decrease of 9,347 doh.

TWO O'CLOCK.

The government funds are dull, at the above-
mentioned prices. As regards railway stocks,
Great Western, Midland, and Metropolitan have
receded ,1 to per cent. Some of the foreign
bonds are also offered, and Italian of 1861, Mexi-
can. Spanish of 1867, and Turkish of 1863 are to
I lower.
About 16,000 sovereigns were withdrawn from
the Lank yesterday for Melbourne. A portion of
thereeent arrivals from Australia has been taken for
the Continent, owing to the limited amount of
short bills on Paris, and there is a prospect that
the rust of the supplies in hand will likewise be
ut away, owireg to the decline in the exchanges.
A general decline took place yesterday afternoon
in the foreign exchanges.
The crown agents for the colonies will reeeive
tenders to•DIOITOW, and on every succeeding Thurs-
day, until further notice, for bills of exchange
on the government of Ceylon.
The tenders for the Government of New South
Walt s Government Five per Cent. Loan for
1,0e0,000/. were opened yesterday at the Bank of
New South Wales. The total amount applied for
was 3,t:19,100/. All tenders at and above 981. Is.
will receive allotments in full; those at 98/. Os. 6d.
will have about one-third of the sums tendered
for, while all below that sum will not participate
in the allotment. The sealed minimum was not
(Tuned. The highest tender was at 102, and the
lowest at 91. It was announced that payment in
full can be made by Monday morning next, under
discount.

It appears that the Canadian delegates have
arrived in this country with a view to entering
into negotiations relative to the North Western
territory.
She Brighton Railway traffic return shows this
week an increase of tit 2f. over last year; and the
Glasgow and South Western au increase of 60/.
The Metropolitan Railway traffic return shows
a receipt of 6,123/. (on seven miles open), being
1,738/. more than in the corresponding week of
last year. The receipts of the Metropolitan and
St. John's-wood Railway for last week were 3201.
At the meeting to-day of the proprietors of the
Bank of British Columbia,lhe accounts for the six
months ending June last showed a balance at the
credit of profit and loss account at that date of
9,020/., and a dividend was declared at the rate of
24 per cent. per annum, which will absorb 3,7231.
It was also resolved to apply 4,300/. towards the
liquidation of the balance of bad debts, and to
tarry forward the residue of 793/.
At the adjourned meeting of the proprietors of
the Royal Bank of Liverpool. held on Monday at
Liverpool, the following revolutions were adopted
after some opposition :
1. That proceedings be taken, in the name of the bank.
against the directors, to make them revonsible for their
hi caches of trust above mentioned, and for such other acts
of mirconduct as may appear from the reports.
2. That such proceedinpi, being fur the benefit of all
the shareholders, be taken at the expense of the bank
estate, and that a committee be appointed to take the con-
duct of such proceedings, with power to employ a solicitor
and accountaud as they may see occasion.
It may be expected, therefore, that the circum-
stances connected with this great commercial
scandal will not be much longer concealed.
At the meeting of the Union Steamship Com-
pany, held yesterday, a dividend of 1/. per share
was declared.

A meeting of the creditors of the Commercial
Think Corporation of India and the East was held
yeAterday, whin the following resolutions, after
some discussion, were passod:

That this meeting having duly comiiilered the state-
ment submitted to them by the committee, and being
satisfied that the pending litigation between the old and
new shareholders will, if continued, keep the affairs open
fur an indefinite period, whilst the expenses must come
nut of the fund. of the estate iu which the creditors are
Poltly interested (as in no event can the shareholders, even
if successful in their litigation, get back anything after
paynrnt up of the full liability on their shares), am
of opinion that it is to the interests of the creditors
to agree to a lair compromise, based upas asPea4,l s
mvt oi mun ot not lass than tette pawed in Mai