The Express.
London, England, 1868-02-12 00:00:00

dock ; but the "

i" in mod cases

are not heavy, owing to the extent to which specu-
lative operations for a fall have been closed during
the last fortnight. Consols are inquired for, and
have advanced 1 per cent., and a similar movement
has occurred in the New Three per Cents. and
Three per Cents. Reduced. Some of the railway
shares have improved. Foreign bonds are rather dull,
the recent rise in many of them having induced fur-
ther realisations. Colonial government debentures
are inactive, the investments of the public in these
securities having diminished.
The rate for choice bills in the discount market
is 11 to 11 per cent. ; and for advances in the
Stock Exchange on English government securities,
to 1.

Consols are quoted 93} to for money and
the account (March 5), and the Three per Cents.
Reduced and New Three per Cents., 93} to
With the exception of Metropolitan, which has
fallen 1 per cent., viz., to 1081 to }, home railway
stocks are firm. York and North Midland is 1 per
cent. higher, at 98} to 99}, while several of the
other lines have risen } to The quotations are
as follows:—Great Western, 4611 to ; London
and North Western, 118} to ; Midland, 106}
to } ; Lancashire and Yorkshire, 126} to 127 ;
Caledonian, 761 to 77} ; South Eastern, 71} to
72 ; Great Eastern, 304 to 4 ; Great Northern,
108} to 109} ; ditto A, 110 to it ; London, Chat-
ham and Dover, 18} to } ; North British, 35} to
I ; Brighton, 46 to } ; and Berwick, 1054 to 1061.

Canadian railway shares are unchanged. Great
Western are called 16 to 1, and Grand Trunk, 1151
to 1.
The foreign stock market continues flat. Italian
Bonds of 1861 are quoted 434 to 2, showing a de-
cline of I ; Peruvian of 1865, 46 to /, being also I
lower ; Portuguese scrip, 1 to 4 prem., ex div.—a
reduction of k ; Spanish New Three per Cents.,
34 to I—a fall of 1; Turkish of 1862, 614 •to
621 ; ditto 1865, 32„ to & ; Greek, 124 to 13 ;
Chilian of 1867, 871 to 884 ; Viceroy of Egypt's
Loan, 764 to 77 ; Mexican, 151 to 161 ; and
Russian of 1864, 881 to 894.
American securities have advanced 1 to per
cent. The 5-20 Bonds are at 714 to 2 : Erie Rail-
way shares, 472 to 484 ; and Illinois Central, 88 to 4
The annual meeting of the Danaburg and Witepst
Railway Company (Limited) is called for the 19th
inst.

The half-yearly meeting of the Millwall Freehold
Land and Docks Company is convened for the 27th
inst.

HALT-PAST THREE O'CLOCK.
The English funds remain steady, at 931 to I,
for money and the account. Some of the railway
stocks are flatter. Metropolitan is offered, and has
fallen; per cent., viz., to 10711 to 108. Caledonian
is quoted 761 to 771 ; Lancashire and Yorkshire,
1261 to /, being per cent. lower ; Brighton, 45}
to 461 ; Midland, 1061 to 1 ; and London and
North Western, 1181 to g. In the foreign stock
market the principal feature is a good demand for
the Pacha of Egypt's loan, which has risen to 78
to ~
About 35,0001. in bar gold has been taken from
the Bank for the Continent.
At Paris to-day the Three per Cent. Renter
opened at tihfr. 75c. for the account, showing no
change.
The foreign exchanges yesterday afternoon were
generally steady. The rates for hills on Vienna
were again rather lower, indicating a continued
subsidence of political distract. The list is sub-
joined :
Amsterdam, 3 samiths, 11.191 to 11.191 ; ditto, short,
11.171 to 11.181; Rotterdam. 3 months, 11.191 to 11.191 ;
Antwerp, 3 months, 35.321 to 25.371; Brussels, 3 mouths,
25.3'21 to 26.371; Rumbas sad Alton% 3 month*, 13.91 to
13.91; Berlin, Cologne, he., 3 months, 6.281 to 8.27 ;
St. Petersburg, 3 months, 326 to ari ; Path, snort, 25.10
to 25.20; ditto, 3 months. 25.271 to 2a.32A ; MaisoOlee,
3 months, 25.271 to 25.32. ; Prankfort:erettiansine,
S months. 1191 to la) ; Vienna, 3 months, 11.95 to
12.0 ; Trieste, 3 months, 11.95 to 12.0 ; 3
irentis, 18j is 481; Sentandsr 3 month'', 4145 to 4144; a,
3 months, 481 to 4/41; Seville, 3 month', 481 to 44; Malaga,
3 months, 481 to 486 ; Valentin, 3 months, 481 to 481; Bar-
mks; 3 months, 481 to 481 ; Bilbao, 3 months, 48# to
481; Saragossa, 3 months, 481 to 481; Ligbern, 3
months, 29.30 to 29.35 ; Genoa, 3 months, 29.30 to
29.3-i • Naples, 3 months. Z.t...) to 2:135 ; Polootao• 3
months, 29.30 to 23.35 ,• Mesehia, 3 months, 111.30 to
29.33; Lisbon, 90 days' date, 611 to 511 ; Oporto, 10 dap'
date, 511 to 514.
Letters from Dublin announce the failure of a
firm in the grocery trade, with liabilities amount-
ing to about 32,0001. The assets are expected to
realise about Co. in the pound. It is stated that
the stoppage has been chicEy caused by specula-
tions in the London tea market.
The committee of consultation of the Midland
Railway Company have issued their report, which
is to be presented to the half-yearly meeting on
the 19th inst. This report will probably be re-
garded with some feeling of disappointment by
the proprietors, inasmuch as it betrays an un-
willingness to deal in a trenchant manner with
the important matters submitted to the con-
sideration of the committee, and its tone
generally is such as might have been
expected from a committee of the largest pro-1
praetors in the concern. The committee was ap-
pointed specially to confer with the directors, and
to settle with them the extent to which the pro-
jected lines and works can be abandoned or post-
poned without serious detriment to the interests of
the company, and with a view if possible, to re-
dnessview, the amount of new capitol required from the
sum of 5,000,000/. set forth by the directors. The
committee, however, while regretting that the
rs directo have suffered the company to be drawn
into engagements far beyond what could be pro-
perly undertaken at any one time, and censuring
the defective estimates, indicate that the mod
that can be done by way of relief is to
e a number of the proposed works,
rat as regards the idea of abandoning any
of them they allege that that part of the matter can
only be approached with extreme caution. On the
31st December last the liabilities of the company
for linesand works then remaining to be executed
or completed were estimated at the large amount
of 8,153,5434., by which the total capital would be
raised to 40,142,4821., should the estimates not be
exceeded. Asthe amounts authorised to be raised
by the company's acts are 5,000,0001. short of this
that amount of capital is to be raised. The disco!
tors have furnished the committee with a state-
ment showing that they do not intend to
expend altogether more than 2,000,0001. in
1868, and 1,000,0001. in 1869, but it is
confirmed that the company has already bought
rolling stock to the amount of 960,0001, for wisidt
it hoe not vet obtained parliamentary ream and
that it has also ordered for its immediate neces-
sities a farther supply of engines and waggons to
the amount of 340,0001. Both of these sums
(together 1,500,0001.) must be paid for out of
the 5,000,0001. proposed. There can be, therefore,
no question of finality in the capital account of the
Midland Railway Company. To the condition of
the line, the Baal and integrity of the board and its
officers, and the manner in which questions of
capital and revenue are dealt with, the committee
War in terms of Benefaction.
It is stated that, as a concomitant to the sum-
mons to the chairman of the Metropolitan Railway
Oeinpsay to appear in the Court of Chancery and
show cane why he should not be committed for