The Express.
London, England, 1868-06-02 00:00:00

THE EXPRESS, TUESDAY EVENING, JUNE 2, 1868.

THE NktßOPOiliAlfr,

row' !

811COND PUBLIC DAY.

At 10 o'clock this morning the Horse Show was
opened for the second day to the general public, and the
awards of prizes baying been ooreptetedron the preview
day, the programme of the day wee made more varied and
attractive than before. Is consequent)" of the announce-
ment by the committee of prizes open for competition in
trotting and leaping on Friday next, tberb has bO4llll such
a rush of entries as almost to overwhelm the arrange-
ments ; but the difficulties hero been successfully met,
and the original programme will be carried out. '
Bearing in mind the great pressure of last
year, when gentlemen were offering a pima
each for seats, and could not obtain them, the
sitting accommodation has been so increased as to make
provision for some hundreds extra. The eshibrated trot-
ting horse Telegraph has been brought from Paris by Mr.
Baker for the special purpose of competing in the trotting`
match on Friday, and he will this afternoon take a preli-
minary spin round the ring to show what his capabilities
are. He will perform as on previous occasion. In' an
American waggon. Mr. Russell's jumping hone.
which caused so much admiration last year,
has also been entered in the competition. It
will be remembered by those who patronised the
hramping competitions of last year that this remarkable
orse would walk slowly towards the hurdle be bad so
take, letting his head bang is a listless sleepy manner as
if be bad not the slightest intention of ossifies" Mama
upon any consideration, but as his um same within en
inch of the furze, and exelismations of disgust began to
break from those who had paid their mosey in the hope
of haring it all out in excitement, he would suddenly pull
himself together and bound over the obstacle with • clear
leap that put all other competitors in Meshed", and elicited
roars of laughter and rounds of applause from those who
bad but • moment ego marked him down as a " duffer "
who would not be able to get up anus upon any emer-
gency. The following is a list of the prizes to be com-
peted for on Friday :—Trotting 301. to be awarded ac-
cording to merit and at the discretion of the judge among
trotters, in single or double harness, to be shown only
in trotting traps or American waggons ; the whole sum
not to be given if only one start"; entrance foe, 11. le.
Leaping.—Ferldia bones of onsyheight entered in proofing
classes that leap artificial tenon in the best style. No
fee. First prize (in cash or plate), 15/. ; second prize, 101.;
third prize, 5/. For horses not entered in preceding
classes; entrance fee, It. Is. For horses not entered in
show that leap artificial fences in the best style : first
prize, 10/. ; second prize, N. : third prize, 3/.
With reference to the disputed award of yesterday when
the first prize in the Arab class was given to " Rupee"
the Prince of Wales's horse, tke judges state that although
"Le Vent" was in external appeavanee the best horse it
had no " stand" in it, whilst ' Rupee" had all that was
wanted in that respect.
Some little confusion is caused amongst intended pur-
chasers, and others interested in the identity of the horses,
by the practice of the owners letting horses which have
been entered in two classes wear the colours they
have obtained in one class whilst they are being paraded in
the other class with a different number to that which they
previously carried.

BANK uP BRITISH NORTH AMERICA.
(THIS DAY.)

The annual meeting of the shareholders was held
at 1 o'clock, at the London Tavern, Mr. T. H. BROOKING
in the chair.

The report, referring to the circular letter issued, by
order of the court of directors, to the proprietors
on the Bth of April last, together with a ba-
lance sheet and • statement of profit and loss
account, as on the 31st December, 1867, said the directors
had now to report that they were enabled to confirm the
same, and to declare a dividend at the rate of 6 per cent.
per annum, with a bonus of one and a half per cent.,
amounting together to 435. per share, payable on the 4th
July next.
The CHAIRMAN, in moving the adoption of the report,
referred to failures affecting the bank which have taken
place in Canada within the last five or six months, arising
from the successive failures of two or three Canadian
banks, adding that they would not inflict any serious loss
on that concern. He then alluded toa viait now being made by
the secretary (Mr. IL M'Nab) and one of the directors (Mr.
/t. H. Glyn) to Canada, and stated that they Lad already
visited the branches at London, Blandford, Toronto, and
Hamilton ; and he had no doubt that their report would
be satisfactory. The prospects of British Columbia were,
ho remarked, improving.
The report was adopted without discumaion, and the
retiring directors having been re-elected, the proceedings
terminated in the usual manner.

lEN

(swrits's Tameaut.)
THE EGYPTIAN LOAN.

ALEXANDER,
The negotiations between the Viortoi and
Mesas. Oppenheim and Nephew fora loan of
6,000,0001. to convert the floating debt of Egypt
have just been concluded. One of the conditions
of the loan is that the Viceroy shall not make
another loan for five years.

bYIIY MARKET.-(THIS DAY.)

°NZ O'CLOCK.

Notwithstanding the important rise yesterday in
the French funds, and the fact 'that nearly
200,000/. in gold was sent into the Bank of
England, Consols opened rather flatly this
morning, and have since experienced a de-
chne of 1-16 per cent, for the account. It
is stated that some considerable bond fide sales
have been made of late on account of various public
companies, which effected investments months
ago at much lower qpotations. At the
same time moat of the recent purchases appear
to be speculative. Preparations for the monthly
settlement in the English funds have commenced.
Railway stocks, on the whole, are firm, and foreign
bonds steady. Italian are inquired fer at an
improvement, in response to a rise upon the
Paris Bourse. Greek have not been affected by
the announcement from Athens that the reserve
has been called to arms. American securities
exhibit an advance.

The discount market is quiet, with few transac-
tions. The rate fur choice bills is li to 11 per
cent.

Consols are now quoted 951 to /, with div., for
money, and 94, ex div., for next Thursday's settle-
ment ; and the Three per Cents. Reduced and New
Three per Cents., 941 to 4.
The railway market is rather firm. Great
Northern (original) stock has improved per
cent., and Great Western, London and North
Western, Great Eastern, Brighton, and
South Eastern, 1 ; Caledonian and Metro-
litan, however, have declined 1 to 1.
The prices are as follows :—Caledonian, 744 to a
London and North-Western, 1151 to 2 ; Great
Western, 531 to ;; Midland, 106/ to 1071 ; Lon-
don and South Western, 91 to 93 ; Great Eastern,
36 to 4 ; Brighton, 521 to 53 ; South Eastern, 761 to
ex deb. ; Metropolitan, uol, to 1114 ; Great
Northern, 1021 to 1031 ; ditto A, 97 to 1 ; London,
Chatham, and Dover, 201 to 4 ; Lancashire and
Yorkshire, 1281 to 1291 ; York and North Mid-
' land, 94 to it ; Berwick, 1021 to 1031 ; and North
British, 331 to 34.
The changes in foreign bonds are evenly balinced.
Russian of 1866 have advanced 3 per cent. ; Italian
of 1861, and Turkish of 1858, 1 ; and the
Orel Vitebek Railway Loan, ; but Egyp-
tian of 1864 have declined 1 per neat. ;
Brazilian of 1865, and Turkish of 1865,
4, and Mexican 1. Annexed are the prices :
—Brazilian of 1865, 774 to 1 ; Chilian of
1867, 95,i to 96i ; Egyptian of 1864, 81 to
82 ; Italian of 1861, 521 to 1; Mexican,
161 to 1; Peruvian of 1865, 871 to 1 ;
Russian of 1866, 88 to 1, ; ditto, Orel,
80 to 4 ; Spanish of 1867, 37i!, to / ; Turkish
of 1858, 634 to 641, ; ditto of 1862, G 5 to 1 ;
and ditto of 1865, 37/ to 38.
The Indian Four per Cent. stock is in demand,
and 1 per cent higher, at 104; to 2. The Five per
Cents. are at 1162 to 1174 ; the Bonds, 20s. to
255. prem. ; and the Debentures, 105 to 1. Bank
Stock, 246 to 248 ; and Exchequer Bills, 7s. to
12s. prem.
Bank shares are in moderate demand.
London and County, 521 to 4 ; Union of London,
34/ to 354 ; London and Westminster, 711 to ;
Anglo-Austrian, 54 to prem. ; London and
Brazilian, 30 to 25 die. ; Imperial Ottoman, 11
to 11 prem. ; and Consolidated, to prem.
Several variations are apparent in miscellaneous
shares. National Discount are at 5/ to 61 prem.;
General Credit, 24 to 21 dia., being ss. lower. :I
Credit Foncier, 3 to 1 per share, showing a rise of
2s. 6d. ; International Financial, la to 11 die—a re-
duction of 2a. 6d. ; London, 23 to 21 dis. ;
Hudson's Bay, 164 to 4, a rise of 2s. 6d. ; Egyp-
tian Trading, 3 to 41 dia. ; Telegraph Construc-
tion, 141 to ;, an advance of ss. ; Atlantic Tele-
graph Eight per Cent. Preference, to to A ; and
Anglo-American, 221 to 1, ex div.
American securities have improved ; to 4 per
cent. The 5-20 Bonds are at 721 to 73 ; Erie
Railway shares, 461 to 2; Illinois Central,
971 to 2; Atlantic and Great Western Debentures,
29/ to 1 ; and the Consolidated Mortgage Bonds,
321 to 33/.

HALF-PAST ONE O'CLOCK.

The English flails are unchanged, but home
railway and foreign stocks show a decline of I to
per cent.
The amount of gold sent into the Bank of Eng-
land yesterday was 178,0001. in bars, in addition to
i,OOO sovereigns received from Brazil. The total
sent in since the date of the last return, deducting
withdrawals, is as much as 417,0001. The large
creation of new currency which this involves fully
accounts for the existing ease in the money market.
The screw steamer Maria Pia, which arrived on
Sunday morning from Lisbon, has brought 15,4541.
in specie.
New York telegrams mention that the large
amount of 500,000/. in specie was shipped from
that port on Saturday for Europe.
The amount of specie shipped by the Tasmanian,
which will leave for the West Indies to-day
(the 2nd), is 2,002/. in gold.
Messrs. A. Young and J. H. Norman, liquida-
tors of the Scinde, Punjalb, and Delhi Bank Cor-
poration, have announced that they will be pre-
pared on the 12th inst. to make a third return of
capital to the shareholders, at the rate of 2s. 6d.
per share.

A call of 3/. per share, making 201. paid, is to be
paid on the ordinary 201. share capital of the Me-
tropolitan District Railway Company by the 30th
inst.

The directors of the Anglo-Austrian Bank have
issued their report on the operations of the bank
during tlie year 1867, with which the directors'
four years term of office expires. Reference is
made to the part taken by thisestablishment during
the last two years in numerous transactions, inclu-
ding several in connexion with railways, with the
sequestration of Prince Esterhazy's estates, and
also with the establishment of the Anglo-Hunga-
rian Bank, and the Austrian Hypotheken (or Mort-
gage Loan) Bank. The advance of 30,000.000 8.
to the Austrian government, being the amount of
the war indemnity to Prussia, in which the bank
was interested to the extent of 1,000,000 ft., has

been closed by repayment of the balance. The
bank has likewise taken part in several other loans
and public undertakings, the financial results of
some of which will not appear until thenextbalance-
sheet. The profit for the year, after deducting
all expenses, amounts in Austrian currency to
3,165,8338., and, after deducting from this the sum
divided on the Ist January last, and also the ap-
propriations to the reserve fund, and to be divided
amongst the members of th 6 council, there is suffi-
cient for a dividend of 18fi. per share, or equal to
1/. 10s., free of income tax, which, with the pay-
ment on account already made to the shareholders,
will make a total dividend of 35 per oent. for 1887,
besides leaving undivided a balance of 80,60211.
From this the directors propose to deduct 1511.
per share, equal to 1/. 10s., in payment of the call
above-mentioned, due the Ist July, leaving 36., or
84., which will be paid in cash on the same day.
The traffic receipts of the Great Western Railway
of Canada for the week ending the 29th of May
were 13,1461., being 299/. more than in the corre-
sponding week of last year.
It has been announced that the June Exchequer
Bills will be renewed at the rate of 2 per cent. per
annum until December.

Paris advices to hand this week state that
the heavy fall in six marks flour, and the depres-
sing tone of the advices received there from Mar-

I 'Mlles, has completely discouraged sellers ; and
that, while merchants are daily increasing their
offset to.asii, the downward movement is further
precipitated by tine farnkers bringing forward their
remaining stocks. On Saturday the markets in
every one of the departments of France were
greatly depressed, and it was felt to be certain that
if nothing «mimed to disappoint the hopes in-
spired by the present appearance of the mops, the
fall will make further progress in the present week.
At Marseilles on Saturday business could only Itis
done at a further concession in price, as it is eats-
mated that from the present time up to the end of
July no less than 2,000,000 hectolitres of wheit
1
I have still to arrive.