The Express.
London, England, 1868-12-18 00:00:00

-
day in Hilary Term, 1869.
TWO O'CLOCK.

Metropolitan Railway stock has experienced a
decline of per cent., viz., to 101 f to Peruvian
of 1865 and Spanish of 1867 are / better, while
the 5-20 Bonds have receded I. Hudson's Bay
shares are ss. wprse, at 131 to I.

FOUR 0' CLOCK.

The English funds are still quoted 921 to ex
div., for money, and 921 to 1, ex div., for the
account.

Home railway stocks are fiat. Brighton and
London and North Western have declined 1 to /
per cent., viz., to 48 to 1 and 1111 to / respec-
tively. Caledonian, 731 to 1; Metropolitan, 1011
to 1; South Eastern, 781 to 791 ; Midland, 112
to 1 ; and Great Western, 481 to 1.
The foreign stock market is heavy, and prices
Wait a fresh fall °fit° 1 per cent. Italian, 331
to 36; ditto of 1868, 91 to 3 prem. ; Peruvian of
1865, 791 to 1; Turkish of 1865, 38 to 1; Spanish
of 1867, 321 to 1; Charkof-Azof Railway Loan,
21 to 2 die. ; and ditto Krementschug, 11 to 1
dis.

No bullion operations have occurred at the
Bank to-day.
At Paris this morning the Three per Cent.
Routes opened at i 0 r. lOc. for the account, show-
ing a decline of per cent.
It is officially notified that the settlement of the
debt due by the Great Western Railway Company
of Canada to the government of that country has
been proposed to the board, subject to the consent
of the shareholders. The amount is 573,0001.

The Imperial Ottoman Bank have notified the
payment of an interim distribution on aseount of
the profits of the year 1888 of 10s. per share,
payable on the Ist of January.
A meeting of the shareholders of the National
Discount Company (limited) is called for the 20th
of January, for the declaration of a dividend.

The Mister of the Rolls has ordered a further
dividend of 6d. in the pound to be paid by the
official liquidator, Mr. R. P. Harding, to the credi-
tors of the Joint Stock Discount Company
(Limited), making, together with the dividends
already paid, 16.. Bd. in the pound. The 6d. will
be payable on Monday, the 21st instant, at the
offices of Messrs. Harding, Whinney, Gibbous, and
Co.

The Master of the Rolls has epointed Mr. Fre-
derick Whiney, of the firm of Rarding, Whinney,
Gibbons. and Co., official liquidator of the United
Service Corn y (Limited).
It issatisfactory to learn that the agitation is
lately to be continued for the establishment of a
really trustworthy telegraphic communication
between England, India, and Australis.
A meeting of the creditors of Mama W. Morris
end gen, flane and manufacturers, was held
on Wednesday at Manchester, when the accounts
showed an apparent surplus of assets over liabili-
ties to the extent of 4,492 i. A counmittee of in-
vestigation was
The followings: tPrectallaiel return of the cheques

WSJ

sod Me theigelia thelleekere Oleeeiarhouse fee
the wish Mali Weisedy, Dec. 16 :
lie Dee. 10
M. 11 12,31 4tell
9,414. M
A Dee. 12 lO,llll/041
, Dec. 14 ........
Teseier. bee. li 21,1121.110
Welbeeeday, Dee. 16 li4et".Bl,

Deli_,
Joe 0. Poooaz, eIA
Banters' Chnitec-Ibenes. Des. 17.
The magnitude of week's total is solski
owin to the Stook zohenge sediment as
extrao=uxtentent otfietpireraa;
lation afloat in that
foreign *Axes, is demonstrated by the fact that=
that day the clearances reached 26927,0001..
against 19,1166,0001. on the same ocrenion last
year.
The weekly return of the Bank of France shows
the following changes (the exchange being taken
at 26fr. to the pound) :
Oohs and bullion Decrease £440000
Bills disoriented
Notes in eircelidion
Private deposits
Treasury balance lncrease 47,000
Advances
The decline in the coin and bullion continues,
but a dull state of trade is, at the same tune, indi-
cated by a reduction in the discounts and note
circulation.
The return of the Bank of England for the week
ending Wednesday, Dec. 16, compared with
that for the previous week, shows the following
e h sl
ou zi:ek
£31,901,190 Increase £137,205
Circulation active
Publicdeposts 6,946,33.1 Dec..... 4000
Oilier
neveenntent deposits
sentrities in 17,972,463 Inatome 364, IA

Ot beak
seceritiatt de
re perhasn4.. 14,074,874 Decrease 1,000,0011
her ia bank-
iaglrrialsat
C imam
in
both 17,494,978 Increase 118,419

dispiirtreimals lB,l/01,316 Increase 316,646
2.,..day sod other bills 448,890 Deems. 68,1011
The Best
Nabs in names 9,176,615 Leaman 612,670
Totalreesrve (noteskooin)
in banking department 10,433,640 Increase 792,111
The Banks means have been increased, through
the repayment to it of an advance of 1,000,0001.
previously made by it to government, as well as
an influx of 364,1521. of private deposits ; and
us, though the government deposits have
been trenched upon to the extent of 406,6921., and
the advances on private securities have increased
116,4191., the reserve haa experienced the some-
what important addition of 792,1111. It is also
satisfactory to observe some distinct indications
that the long-delayed reflux of coin from the pro-,
vinoes is at last setting in; thus the coin and
bullion show an increase of 316,8461., though the
nett amount received by the Bank from abroad
during the week did not exceed 45,0001. •

BANE 01
Air Acootrer, perotaat to the
for tie week cedilla ow 1

ZeITILAND.
Ad Yet aad Mb Vidor* 'Sp. Si.
Wednesday. Dec. 16. 1818.

Debt 111.015,10,
Other SwartMee
thit baba. 80i1i05.13,901,1110
481.101.111111
D,PANTIMIT.

I ./14,014.874
Other Beemitime 1f.4.40n
Notes titit,slll
Gold sad elm Oda MST, tag

tottAllt,oll
11111
.4 Fens% Chit( Orkiar.,
r.

_.-.;-

a.

Ir. "Ird SCHOOL

ld'erdar Ilite".soon, *wording So malliont, the
Winter 14Ptheliso '.ere delivered by the asholars St.
Pees flehrois s the presence of the Master and Wardens
of the Betvr.s' Company and a auseetous audience,
anculf .11014 distinguished Isenberg el whir wens
ArthdentrA Bala and Mr. Junin Hann. After the
gerbil' 'A the school, Mr. loyaresClintoo, bad read an in.
troduStory address composed (in Latin Elegiacs); by Dr.
Krireiton, the head master presented the Thurston
se,serial prise, for Latin lyrics. to F. V. Knox and G. B.
Bust ; the pries for an Faiglish essay, given by the Bishop
of Nelson, New Zealand, to the captain; and Dens
given by kin& to the seventh clam, to L. N.
!Cite& amt Powell. The speeches included 'seems
from the works of Arifttophaues. Shakespeare, oli.)re.
and Sheridan. At the clew of the speeches, Dr.
Myrmidon, the bead master, made a few observations,
is which he particularly referred to the presence of
Sir James Hennes as thdt of an old Pauline whom
career bad stone great honour to the school. Mr. Justice
Rennes, in replying, warmly acknowledged his :
Seas to St. Paul's School. and especially to Dr. Branton,
Isis old master: and as evidence of the interest which he
took is the present scholars, requested a prolongation of
their Christmas holidays. The learned judge, inad-
vertently returning to the practice of the bar, was appa-
sentlyabout to produce precedents in support of his re-
quest, and bad gone so far as to mention that •
bishop bad got the mention extended two days.
when Dr. Kynaston informed him that any ap-
peal of this sort must be addressed not to
him, but to the Mader and Wardens of the Mer-
gers' Company. Thereupon the learned judge addressisi
himself to these awful dignitaries, and, with • happy re-
tartan to one of Portia's interlocutory remarks, asked
them to declare that "the law allows it and the court
awards it." This half-punning allusion was apparently
sagreely understood by the Master, who, taking the refer-
ence somewhat too literally, assured the learned judge
that his request should be laid before the court of go-
'anion., and would, he bad no doubt, receive due could-
deratien.