The Express.
London, England, 1859-07-07 00:00:00

tented himself with the vague remark, th►t " the

subject was under the consid;ration of the govern-
ment." Lord Derby, however, urged the necessity
of their coming to an early decision, with a view to
pass the bill this session, and remarked that his go- I
vernment had " regarded the matter as one of great
urgency, so much so that they had thought it their 1
duty actually to order the telegraphic cable. No
steps had yet been taken to lay it down, but the
cable wu in course of manufacture."
It is understood that in the event of Mr. Thomas
Howard, the purchaser of the fleet lately owned by
the European and American Steam Shipping Com-
pany, obtaining the contract for the conveyance of
the Australian mails, via Panama, a company, to be
called the British and Colonial Royal Mail Steam
Navigation Company, will be formed, under the
auspices of Mr. Lever, M.P., and a number of other
gentlemen. Their project is to ran the steamers
from Milford Haven direct to Aspinwall, in New
Granada, whence the passage by railway to the
Pacific Ocean is 48 miles. In addition to the
steam service between the Isthmus and Australis,
there is an idea of forming a branch line between
the Isthmus and San Francisco and British Columbia.
A large number of men are now engaged in pre-
paring Mr. Howard's ships for sea, and we have
reason to believe that the tender provides for the
commencement of the service as early as the Bth of
October.
In support of the selection of Milford Haven as
the port of departure for the Australian mail
steamer*, an influential deputation is, it is said, about
to wait upon Lord Palmerston.
In addition to the tenders already mentioned, a
joint one has been sent in by Messrs. Croskey and
Co. and Seymour, Peacock, and Co., whose project
is to build steamers of about 1,000 tons burthen,
specially designed for the conveyance of passengers,
mails, and specie. The space ordinarily devoted to
cargo would be reserved for coals, so as to avoid the
necessity of coaling stations.
The steamer bringing the overdue Australian
mails to Suez is the Columbian, which is n3t noted
for speed.
The steamer Bombay sailed from Suez on the 27th
of June, with the English mat for Australia of that
month.
Wo understand that a call of 31. is about to be
made on the shares of the Red Sea and India Tele-
graph Company, and that this will soon be followed
by another call of 2/.
An anonymous advertisement has appeared, dated
" Vienna, July 1," communicating the particulars of
a number of bonds of the Austrian Five per Cent.
Loan of 1832, which were drawn an the Ist inst.
The advertisement says nothing about their payment.
Notice is given of the cancelment by the proper
authorities of bonds amounting to 48,6001. of the
Brazilian Five per Cent. Loan of the present year,
this sum representing the amount of the Five per
Cent. Loan of 1829, which was demanded in cash
by the holders.
At the half-yearly meeting of proprietors of the
Colonial Bank, held yesterday, the net profits were
stated at 33,0701., out of which a dividend at the
rate of 4 per cent. for the half-year was declared.
The report was adopted.
The annual meeting of the Australian Agricultural
Company is called for the 21st instant, when a divi-
dend of 15e. per share will be recommended.
The half-yearly meeting of the North Staff:A-
-1 shire Railway Company is called for the 29th inst.,
. at Stoke-upon-Trent.
The half-yearly meeting of the City of London
; Gas Company is called for the 20th inst., to dec.are
a dividend.

The London and North Western Railway trafEe
' return shows this week an increase of 3,5911. ; the
Great Northern an increase of 2,3681.; the Great
Western an increase of 3,983/. ; and the London and
South Western an increase of 4921.
Subjoined are the latest quotations of insurance,
canal, and miscellaneous shares, as given in the last
Stock Exchange List :
Insurance num.—Anima., British and Foroiga, ;
Indemnity Marina, 162.
Cis• :—Loadow, 41; ditto. Parliamentary, 29, 291; ditto,
Bina Pretence, 64, 641 ; Westminster Chartered, 621, 62,
611 • ditto, New; 12; Western, 101.
Waterworks:—East Lamina, 122 or die.
Canal :—Birruingbem. 921.
Bridge :—Waterloo, 01 Annuities of fa., 29.
Mats :—East and West Indio, 122, 1221.
The position of the market for American railway
securities is thus noticed by Mr. E. F. Satterthwalte
--to The market in London for American securities
has been during the past week very firm. There
has been a good demand for United State', Nlssea-
chusetts, Maryland, and Pennsylvania Bonds. Some
moderate purchases of New York Central shares have
been made for in vestment, also of this company's bonds.
Pennsylvania First and Second Mortgage are :n re-
, quest, at present quotations. Illinois shares remain
quite firm. Construction Bonds steady at 75 to 76."
The New York advice, mention the declaration of
the following railway dividends for the last six
months, viz.:—Boston add Worceater, 3 per cent.;
Little Miami, 4 per cent.; Columbus and Xenia, 4
per cent.; and Panama, 6 per cent.

The Admiralty will receive tenders on the 12th
inst. for the supply of 200 tons of copper.
Aa regards the Bilk market, Messrs. Milsom and
F. Poy, of Lyons, remark :

We have nothing particular to add to our bi-monthly cir-
cular of the 18th June respectiag the wanly malt of the
European crop. All informations received since fally con-
firm oar previous reporta. Still far babied the oust drum
silks, our prcda ere vary firm, and their upward teadency
only awaits, in order to be confirmed, good news from the
seat of war. and a favourable torn in politics.
It appurs that about 2,600 bales of silk, principally
from China, were on board the steamer Alma, which
has lately sank near the Harniah Lauds. Accord-
ing to the accounts received, one portion of the
vessel remained above water. The Alma registers
2,160 tons, has engines of 450 horse power, and hen
bun employed in the service between Calcutta and
Suez for a lengthened period.
The Vanguard has arrived from China with
819,9001b5. of tee.
- - -

•
With refercoce to the freight market Messrs.
Sharer, Lamb, and Co. report as follows :
The freight market has not been very animated since oar
last fortnightly report. &atom outward freight,' have co
firmness, end homewards little Is still doing. To the West
Coast thew have slightly recovered the decline which re-
sulted froili the large amount of tonnage drawn thither by
the rise in the guano rate. We quote the Mediterranean,
both out and home, much about our former figures ' but
we have no great request for ships. Baltic coal rates have
fallen ; homewards for wood we have a fair demand from
nearly ell the ports, and in some eases we have obtained
Improved prim. From Archangel, for deals, the quotations
remain steadily high ; end Canadian orders are difficult to
execute even at advanced freight. Vessels can be placed from
& e( the cold ports to the south aide of Cuba; to the northern
aide we have done end continue open at 29!.
The Admiralty will receive tenders on the Bth
Inst. for the conveyance of 300 tons of naval Mores
from the Thames to Malta, 182 tons to Ascension,
and 144 tour to Bermuda ; also stores to Colombo,
East London, Gibraltar, the Mauritius, and Trin-
comalee.

WEDNESDAY EVENING.
Consols which closed yesterday at 931 to 1, ex
div., for next Friday's settlement, varied today be-
tween 931 and 93} to 1, and closed at 931 to 1.
The official business report is as follows:—Three
per Cent. Console, for money, 93, 931, 931, 931. ex
div.; ditto. for account (Bth July), 931, 931, 93},
ex div.; Three per Cents. Reduced, 931, 1, 1 ; New
Three per Cent., 931, 1,1; Thir Years Annui-
ties, expiring in April, 1885, 171; Bank Stock, 221;
India Stock, 213, ex div.; Indian Four per Cent.
Debentures, issued in 1858, 941; the strip of the
New Loan, 941, 1; India Bonds, 12s. dia.
The New Two-and-a-Half per Cents. are also
officially marked 781, ex div.; and the Five per
Cents., 108, ex div.
Exchequer Bills were rather flatter, at 21e. to 240.
prem Th.
e scrip of the New Indian Losn was steady,
at 941 to 3, and the Four per Cent. Debentures
of lut Tear. at 941 to 95.
Foreign stocks were steady. Turkish Bonds left
off the same as yesterday, the Old Loan at 76 to 77,
and the New at 63 to 64. Mexican Bonds were
Irather flatter. Spanish Deferred Three per Cents.
were last quoted 301 to 4, and the Coupon Certifi-
cates 41 to 1. Brazilian Font-and-a-Half per Cents.
were in demand.

JUNTA-THIS DAY

Two o'CLocz.

The market is lea active than yesterday, and
prices exhibit no material alteration. Shares have
changed hands in the following British mines, at
the quotations of yesterday, viz.:—Wheal Margaret,
Providence Mines, Kelly tray, Great Soath Tolgus,
liingstan Downs, and United Mines.
St. John del Its Musing shares remain flat, and
have been sold at 8. Other foreign descriptions have
met with scarcely any business.
At a gene-il tweeting of the adventurer/18n Wheel Kitty IBC. Aspetl.
Deleon Tuesday.the moments ehowod a balance in head of 0191. 7.. td. •
divideed of C. for share Ira. declared. Captain E.:ward., in hi, repurt.
date., .• The lode to the 90 rod is now 2i foot rode, worth 101. ter
fathom; muse level treat It I. 2 feet wide, worth IL per fathom ; the
lode to Mc Mos. In bottom of 82 east hat a promisino eprearusco. is
4 feet wide, worth 281. per *elbow. The lode in tbe 64 art o. 18 in.hce
wide, worth y!. per fathom. Lode tote 72 radio 18 lathes wide, worth
81. per fathom. The lode In Beleate e shaft Is Se het side. worth
OIL per fathom. Lode In 82 wed Is 5 wtde, worth 111. per (dhow.
Lode in the GS west Is 2 feet wide, worth AL per fattsur Lode in the
44 fathom !era to 3 feet wide. worth 181. per fathom."
The hitt Totem United Mining Compare account., fomented at
the meeting held r dudes% thawed a belabor In favour of tbe mamas
of 1621. la. 7d. In the estimated amount. for the nest three moots. a
Itedanee actuist the un,t, tattoo of 1.2271. le.. AL .1. 5...11,.• ItUudag
Purchase of dram enetne. 80th. ; three magi.' cod, at 2831. per month.
mad sundrlus, 11/4. A cell 43(21. per share was made.
The acmunts presented at the meeting of rha•cholders In Buller and
Boma United Mts.., hold yesterday. o hiblted • Wanes in favour of the
therehtl lee. of 1.134/ IS. ed. A sausfattorY retwet or road irom the
Pew
At . meeting of Mweottarer. in the Athhurton United War. betel
on the LAMA.. I On 04 It, per share was made.