The Express.
London, England, 1868-01-25 00:00:00

EVENING, UNMET 25, 1868.

'

101 i

1u 116
1 le
fig GO
109 111
68 69
4t. 44

146 1.,

1906 N
E 0 81
16 19
19 IL
86 90
7 0

gin 100 i

-ixtlfET.-(THIS DAY.) 3 month; 25.30 to 16.35 ; Frankfort-an-tae
3 maths, 1201 to 120 f ; Vienna, 3 months, 12.15 is
ONE 411'0110014 1/20 ; Trieste 3 mouths, 12.15 to 12.20; Madrid. 3
481toilIf ;
There is not much business in the markets for
tits, 48; to 4sf ; Seville, ;IMT:el:lief ale*
public securities to-day, but the tone, on the 3 months,
481 to 481; Valencia, 3 mouths, 481 to 48i ;
Bar-
whole, is favourable. Consols are steady, at the :Tr 3 maths, rt to ; Bow, 3 lirti4a. 3
meaths, 418 i to Mi•
slight improvement which took place yesterday. months, 29.40 te 29.50 ; Genoa, 3 skoothe, 40 to
Railway stocks are in renewed request, and an 29.50 L 14g1:(91, 3 29.40 to rat r°167.0 fO
important rise is observable in some descriptions. 73747"/A,bi,„. es :73"na'll t4,41'; oporke,'"3.3 dale
including Caledonian and Metropolitan. The date, blf to Ml.
latter has been favourably affected by the absenoe A meeting of the creditors of Mews. Peter
Buchanan and Co., merchants, of Olaagow, who
of any confirmation of the adverse rumours of stopped payment iu Cauber last, with liabilities
yesterday with respect to the forthcoming report of amounting to 260,000 i., was held on Wednesday,
the directors. Foreign Bonds have been slightly when it was resoived to accept a oomaition of
prejudiced by the announcement of the Hungarian 10s. 3d. in the round, parable in instalments ex-
loan, combined with the belief that several other tending over four year!. The house bad branches
foreign countries are about to apply here for finan- in Montrea!, Hanaton (Canada West), and New
York.
cial assistance.
There is no alteration in the discount market,
and the rate for loans in the Stock Exchange is
still to 1 per cent.
Consols are quoted 921 to 93 for money and
the account (6th February), and the Three
per Cents. Reduced and New Three per Cents.,
93 to it.
Raib

Messrs. Schulotf and Co., Spanish merchants, of
Birmingham, have stopped payment, but their
liabilities are computed at only 7,0001.
Mr. Charles Oppenheim has convened a meeting
of the creditors of Overend, Gurney, and Co.
(Limited) for Monday, the 3rd February, " to con-
sider the report r.nd statement of affairs just issued
by the liquidators, ar..l the course to be adopted
with reference to the balance of the creditors'

claims."
The proposed dividend of the Manchester, Shef-
field, and Lincolnshire Railway Company is an-
nounced at the rate of 2 per cent. per annum.
The directors of the Bunk of Egypt have issued
the following report. iu anticipation of the meeting
to be held on the 7th of February :
The director, of the Rank of Egypt have the pleasure,
at thin, their twelfth annual general meeting, to lay before
the shareholders the annexed balance-sheet and profit and
'loss statement foe half-year which ended on the 31st
of December. lee,7. The net profits, after providing for
bad and doubtful debts. rebate on bills not yet due, kc.,
amount to 1tE.154/. 4s. tit. This, added to the blame
brought forward from the previous half-year, makes a total
of 27,961 E. avaiLible for appropriation. The directors
recommend that s dividend be declared at the rate of le
per cent, per annum Lir the half-year (12,5000, and a
bonus of 1). per ,hue 11‘1,101.0.), both free of incorae.tax,
payable on the 13th of Febrtruy, leaving a balance of
41/. 6e. to be carried forward to the nest account. In
eOnforrolty with the p.ovisions of the deed of settlement,
Messrs. Robert Dislike and Roes Donnelly Mangles go out
of office, and otter themselves for re.election. The
auditors ahso retire front odic*, and are eligible for re-

Sway stocks are in demand, and higher in
several cues. Metropolitan has advanced 11 per
cent.; Caledonian, 1 ; London and North Western,
North British, and Brighton, 1 ; and Great East-
ern, 1. South Eastern, however, is 1 lower. The
prices are follows : —Metropolitan, 117; to 1181
Great Western, 461 to 1 ; London and North
Western, 1121 to 113 ; Midland, 104; to 1051 ;
Lancashire and Yorkshire, 124 to / ; Cale-
donian, 761 to / ; South Eastern, 681 to ; Great
Eastern, 301 to 1 ; Great Northern, 107 i to
108 ; ditto A, 1091 to 1 ; London, Chatham,
and Dover, 181 to 1 ; North British, 341 to
331 ; Brighton, 47 Ito 1 ; York and North Mid-
land, 94 to 95 ; and Berwick, 104 to 103.
Foreign stocks are quiet, and the only change
in the speculative descriptions is a decline of 1 per
cent. in Portuguese scrip and Italian of 1861—
viz., to 21 to 1 prem., and 421 to 1, respectively.
Turkish of 1862 are quoted 58 to 39 ; ditto, of
1865, 311 to 1; Greek, 121 to 1; Spanish New
Three per Cents., 34 to ; Egyptian of 1864,
891 to 901 ; and Mexican, lotto 1.
United States 5-20 Bonds have improved 1 per
cent., viz., to 711 to 721 ; but Erie and Illinois Cen-
tral Railway shares are unchanged, at 481 to 491
and 851 to 86 respectively.
Atlantic Cable shares are rather dull, at the re-
duction of yesterday. Anglo-American, 2att ;
and Atlantic Telegraph Eight per Cent. Pre-
ference, 41 to 5.
The only change worthy of notice in bank sharer
is a decline of 10s. in London and Westminster, the
present price being 71 to 72.
A few dealings have been recorded in financial
shares at yesterday's quotations. International
Financial, 21 to 1; dis. ; London, 22 to 21 die. ;
General Credit, '2l to 1 dis. ; and Credit Foncier,
31 to 1 per share.
The report of the directors of tho Linoleum
Manufacturing Company (Limited) states the net
profits fur the year 1867, at 7,773 f., and recom-
mends a dividend of 1/. per share, making with
the ss. paid in August last, a total distribution of
121 per cent. for the twelvemonths.
Vice-Chancellor Wood proposes on the 11th of
February to make a call of 1/. ss. per share on the
contributories of the British Exchequer Life As-
surance Company.
A special meeting of the Varna Railway Cool-
pany will be held on the 22nd of February, " for
the purpose of considering certain propositions
which have been submitted to the directors by the
committee of Belgian bondholders relative to the
appropriation of certain payments proposed to be
made by the Turkish government in accordance
with the terms of the guarantee contained in
Article IV. of the concession, and to the terms
upon which such bondholders agree to defer pay-
ment of the interest due, or which may become due,
upon their bonds."
The half-yearly meeting of the City of London
Brewery Company (Limited) will be held on the
6th of February, when a dividend will be declared.
Two o'Ciocii.
Console show no variation at 921 to 93 both for
money and the account.
At Paris this morning the Three per Cent.
Renter opened at 68fr. 37c. for the account, being
1-16 per cent. better.
The numbers are published of 729 bonds, repre-
senting 305,6501., of the Peruvian Four-and-s-Half
per Cent. Loan and Consolidation of 1862, which
were cancelled on the 22nd inst., making the total
amount of this loan cancelled 3,129,9601.
A foreign state which has never borrowed
before is in the market. The prospectus is
issued of the expected Hungarian Loan for
8,512,5601. of stock. The amount seems large, but
as it is in bonds of 121. each, which are offered at
81. 12a. (or equal to 711. 13e. 4d. per cent.), and as
subscriptions are to be opened simultaneously at
various points of the continent, the application
cannot possibly cause any disturbance. The loan
is suthorised by the Diet of Hungary, and is sanc-
tioned by the King (the Emperor of Austria). The
moaey is to be applied to useful. purposes—
namely, the construction of railways end
canals ; and the loan is guaranteed specially
upon these works, and generally upon the
whole of the revenues of the kingdom. The
bonds bear interest at 5 per cent., payable half-
yearly in Paris, London, and elsewhere, the pay-
ment in London being ade at a fixed exchange.
The bonds are repayble et 121., in 50 years, by half-
yearly drawings. The list is to be opened on the
28th, 29th. and 30th inst. In England the head
office and branches of the London and County
Bank receive subscriptions, and the name of
Mann. Baxter, Rose,Norton, and Co., is likewise
attached to the peospectua.
We have been furnished, on behalf of the di-
rectors of the Atlantic Telegraph Company, with •
printed statement, in which they describe the nego-
nations with the Anglo-American Company, but it
is too long for publication here, and chiefly in- I
Wrens the shareholders, who have doubtless
already been supplied with copies of it.
About 24,000 sovereigns were withdrawn from
the Bank yesterday for Alexandria. The demand
for bullion fur the oontinent is active, and, in the
I absence of supplies from Australia, some with-
! drawals from the Bank may take place.
The weekly return of the Bank of France shows
the followingchanges
Oslo sod Mase
Bsl Lwow 11,090,000
astssm , ..... DOIMIIND 148,000
Neese la eiseennea . Damao 304,000
Private aura* ..... Imam 576,000
Advasess .... Demises 60,000
Trooeins bdo;sis
The remarkable increase in the coin and bullion
continues, while the discounts are still off.
The City of Washington has arrived from-Neith
w
York with 38,0001. in specie, and the Denmark w
200001.
The subjoined shows the rates of discount now
current on the continent, via.:—At Paris, 11per
cent.• Brussels, 2 ; Hamburg_and Frankfort, 21 ;
Amsterdam and Berlin, ; Vienne, 4 ; Turin, 5 ;
and St. Petersburg, 8 per cent.
On 'Change yesterday afternoon the only afters-
tions were a further reduction in the rates for
bills on Holland, and an advanoe as regards Italy.
The list is annexed :
Ansteskes, 3 swaths, 11.191 to 13.0 ; Olt Amt.
11.17 e to ILII3I ; Rotterdam, 3 months, 11.19 le 12,0 ;
Astuere,3 manna, 15.321 to 36.371; Brans* 3 mouths,
i 5.32; 16. 25.37 i ,
_• Hokaba‘a Allem, 3 mouths, 13.9 to
13.9 i ; °degas 3 6.231 •371;
rinenbure, 3 moams, to 32i ; Paris, abort, 25.12 e
to 25.24; ditto, $ neetba, 30 to 25.35 ;

Londoo,

election.
The report of toed irectors of the East London
Bank (Limited), to be presented to the meeting on
the 30th inst., states as follows :
The result of the operations of the bank for the half-
year ending dist December, 14n7, is herewith submitted.
The directors, othederiti; that the time has now arrived
when the balance standaig to the debit of preliminary ex-
ponies should disappear from the balance-sheet,
have
written the same off iron' the reserve fund, and they have
also appropriated from the same source the sum
to of 2,50uc
all
,
which, in their opinion, is amply 'efficient cover
possible loss in respect of bad and doubtful debts incurred
during the four years the bank has been in existence. The
directors think it right to add, that the bad debts for the
past half-year do not r-x,ved 1004. The accounts show a
gross profit of 10,:•;:,!. 113. for the half-year, and the
directors recommend that the balance, after payment of
charges at heed °tire and branches, and interest to cut.
towers, and writing off an adequate rum from the amount
t
expended on bank premises, be applied in paymenf
dividend as the rate of per cent. per annum, free of in-
come tax, leaving the rum of 2,0241. 10s. Id. (including re-
bate) to be carried forward to profit and lose new soseunt.
The traffic return of the Grand Trunk Railway
of Canada for the week ending the 4th inst. shows
an increase of 3s'll. over last year.
A general meeting of the Oude and Rohilcund
Railway Company is called for the sth February.
Mr. J. H. Doyle, the official liquidator of the
Sablonibre Foreign Hotel Company (Limited), at a
imeetingof the contributoriesheld onThursdayatthe
City Terminus Hotel, Cannon-street, reported that
he had reduced alleged creditors' claims by no less
a sum than 15,506/., settling the abeolute liabilities
lat 2,801/. His. This amount is to be forthwith
paid in full, and the liquidation brought to a close.
No call has been made since the winding-up reso-
lution. Having arranged the liquidator's remu-
I neration, a vote of thanks was ponied to him for
the able and impartial manner in which he had
I protected the contributories' interests.
Subjoined are the quotations of insurance. gal,
dock, canal, and waterworks shares, as given it
the Stock Exchange list of this evening :
Insursoce—Comu_srcisl Union, .5 1-18, i, 0, i ; C
41 ; Indiranity Marine, 118; Loudon and Provincial
Marine, 1 ; ocean Marine, 21; Plimoix, 1074, 8.
,
Thames and Mersey Marine (Limited), ti.o; Unimereal
Marisa (Limited!. 40,, 5.
t and Coke—City of Moscow Gas, 10, 94; Oeo-
°:r Union (Limited), ; Great Central, 124 ; be-
perial Continental, 941,, 4 ; Westminster Chartered, 42 en
rho.
Docks—Ent and West ladies, 125, 4; London and 84.
Katherine, 50, 49, 8), 9; Sunni Commercial,
109, 8, 94, 8.
Canals—Birmingham Soar. tB.
B.a. Lon. and N. W.), 89g.
Wainwerks—Burl 130 ; °hobos, 111, 10i ; Meet
116, 17), ex Aire
.

FRIDAY Emmet
Consols, which closed yesterday at 92.11, both for
money and the 6th February, opened this morn-
ing at the same quotation, and closed at 921 to 93.
The Three per Cents. Reduced and Now Three
per Cents. were quoted at 3 o'clock 93 to 1. The
official business report is as follows:—Three par
Cent. Consols, for money, 921, 3 ; ditto for account,
92; ; Three per Cents Reduced, 921, 3 ; New
Three per Cents., 93, 2i ; India Five per Gent.
Stock, 1121 ; ditto, Four per Cent., 1001, ;, ;
ditto Fire per Cent. " enfaced" rupee paper, 1031,
; ditto Five-and-a-Half per Cent., 104.
Indian Government securities were strong.
Exchequer Bills were tine, at 23e. to 274. prem.
There was less business in foreign stocks, but the
tone of the market was firm. New Granadian Three
per Cents. rose 1 per cent. ; Danubian and Peru-
vian of 1865, 1 ; Turkish of 1865, 1 howeverand Portu-
guese Scrip, 1. Egyptian of 1804, , de-
clined ; and Spanish Old Three per Cents., 1.