The Express.
London, England, 1857-07-15 00:00:00

THE EXPRESS, WEDNESDAY EVENING, JULY. l5, 1857.

LATEST SPORTING INTELLIGENCE

(IT Tu.xiaic

VERPOOL MEETDIG.-(THIS DAY.)

CROXTETH BTAKI3B.
names& .. .. ..
Lonl Mhos 1 • _z_. ..

---
2 ere. Von arr.."
MERSEY STAKES.

Inn.

Blink Bonny ..
Augur) • •

4 no.
BENTINCK TES'
Saunterer .. ..

Dlpttion colt ..
6 no.

.. 1

.. 1

N

. . 1 4-1 i
. . 2 a.

NURSERY PLATS. Half a lan. li
Pupate. Sunbeam, Mammas, Spread Eagle, fby Tough a 111-
%Ines—Vasil* fby Totiob•tono—E.ltis dam, Col- a,
lodom, and Conductor are bent. AL
PAID PORADIT.—WiId Honey. n
--.......--. It.
at.
LITEXPOOL Cvr.—',Run to•morrovitisrl
t'
tiolte following st,
horns are hero :—Pantomime, Chicken, rp, Mon it.
poi,. Maid of Dement, Janet, Om Pyrr nu Commoner II
Nmrton.k.Wfliono, Schneider BaoW &monk. The Tanier,
&wins, Oil liver, Morse, Sir Humphrey, and Queen Ben. ri:
PAID Fourmr.—Artillery. At.
Coruna Agme•ts.—Colt by Melbourne—Claim (2-Tra) ii-
In.
cby Sarpliwk—Clarira (lyre), Whitowall, Mohawk, Ito- i.
Eity, lend Nelms, 1M Oinkel, Bel Erporania, enter to NA
Ellington, Cumberland, Augury, Gamma Williams, Star of 107
th• EJAA, Basawsz f, sad Sone to Jesuit. St.
II

LONDON AND WESTMINSTER
(77118 DAL)

This afternoon the usual half-yearly meeting of
the proprietor; of the London and Wsermisiss Bonk, was sL
head at the Bank,Lothbory. Aktaatallohoomoso goomer,
la the than
The following wos the report, 'viz. :—" The diteelos Woo lei
the pleasure to report that—after making poeleho be el MI
bed and doubtful debts, paying the Monato4ns, and attic;18
gut 2,000 f. towarde the new bueldt Y Lothbury,
Bloomsbury, Temple.ber, end Southwark, the net *IA& at,
or the lest half-year amount to 10‘,0211. Is. ad. Out d N
this ems the directors pupae* to allow interest at dr so'
rate of No per emit. upon the rest cc los tit,tit,la.
sod they now &dare dividend to the rs at the O.
rate of is per cent. per annum, and also a bons of six pa
ant. spa the cartel. Alter these payments Sr. nags,
lbws is a Winos of 10,27 If. I. Ad., to be emeriod forward ft I
the milt of the profit and loos account tar iho earned WI- N.
mt. The bare, of aitif. fa. id., reasiabiorapropriellal 11‘.„
from ass orate of the yonI&50, the ditalere prawn he
plea to the credit of the eueOia foods old& with tho B
ties of 3,7504 lama, will thus moteent to lid .1281. 7d. tae
The directors have Ora nods* to dr attrealemot
tide weeding el opepodtoiaamoolheamadalle
end ameolatka MOM stistwlll besinollitibiks
The Govuutoo. watZg lbe at So sopa%
odd it bed bogs mode_ op. Itom.
teatime bed IL= Or leedes_heatao - a.
mead ewe oiler sal • bolt Ihs filch* sow to ho te
*elm& wail he se the mac MIS mi. pit cones. The ef
boars eta* hatmaswiMiwatiletWor ass, a-
Webgicing W moo to mimes Iheo hope Ovideole; oak _
ad that some% th• Made* pawed that dr re-
weed fund should be losersed has ukooor. to 200,1101. my
The reserved fund ought siws‘ry to h sistraesstal in paper-
dm ea the meats end Ywd*lnarmasi. et
Ms. Coot'cu protes*figtini the pepoli lama In the 1,0
nourved fund, but aka wok dleemka the mood was se
edeetel, the dividend and the resolution for *
He yea sash& to
timed with thanks to the chairmun,
click* and directors. to

SHARE LISTS-THIS DAY.

Two Mom

The railway share market to-day is rather flat, in
sympathy with the funds. Great Western and Lon-
don and North-Western stocks have been pressed
for sale at reduced prices, and in some other cases
quotations have slightly given way. The current
business is chiefly in connexion with the settlement.
Indian and French shares matinee flat.

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XONBY MARKET.-THIS DAY.

Two o'CLoes.
The funds continue to fall. A fresh decline of
to per cent. has to-day taken place. The share
markets are also flat, with little business beyond

that connected with the settlement.
Consuls opened this morning at 92 to 1 for the
Bth of August, soon declined to 911 to 92, and hovel
since further receded to 91! to 1. For money
the present quotation is 911 to 1. The Three
per Cents. Reduced have been dealt in at 911
to 92 ; the New Three per Cents. at 911 to 92/ ;
the New Two-ond-a-Half per Cc:AL...at 7G; Bank

Stock at 213 to 213; Exchequer Bills at par;
Exchequer Bonds at 98: to f; and India Bonds at

20s. to Bs. discount.
In the foreign stock market the chief feature is •
further fall in Turkish Six per Cents., which are
marked 941, 941, and 911 for money, and 95
and 941 for the 31st instant. The other
sales are very limited, comprisicg only
Brazilian Old Five per Cents. at 1001 ;
Dutch Two-and-a-Half per Cents. at 64 to
641 ox div. ; Mexican at 221; and Turkish Gua-
ranteed Four per Cents. at 1021 and 21 fur money,
and 1021 for the new account.
The published details respecting the Indian
mutiny have impressed the public with a be-
lief that the authority of the government
can only be vindicated by strong measures,
which must entail considerable expense. This con-
sideration has determined fresh sales on the
part of the numerous operators fur the rise,
who now evince remarkable discouragement. The
continued heaviness of the Paris Bourse exercises a
sympathetic influence here, but the real cause of the
extreme heaviness of the funds is the extent of
floating speculation for higher prices. As the amount
of speculatively-held stock is reduced by balm and
as the public prosecute their investments, the market
will be gradually placed upon • better but:s.
There was yesterday a fair demand for money in
commercial channels, but the supply in all quarters
continues plentiful, and the current rates of dis-
count are below those of the Bank. It is be-
lieved that this establishment is now obtaining
very little business, and that the drain upon its
resources involved in the release of the dividends
has been to a very great extent counteracted by the
repayment of advances previously made by it. ' As
bullion is still flowing freely into the institution,
whilst there is also every prospect of a speedy reflux
of the coin temporarily withdrawn by the recipients of
the dividends, a general impression has been created
that a reduction of the rate of discount to 51 per
cent to-morrow is highly probable.
In the Stock Exchange yesterday afternoon there
was some demand for money, required for the prose-
cution of the bullion operations referred to below;
but the rate fur loans on government securities did
not exceed 5 to 51 per cent.
The next settlement in the share and foreign stock
markets is fixed for the list inst.
It appears that there is really some foundation for
the rumours of an attempt at a negotiation of a new
Turkish loan. The sum spoken of is 6,000,000/. ster-
ling, which a certain I.ondon firm, co-operating with
another house in Vienna, is stated to have an idea
of offering to the English public at the rate of
84 per cent., in a six per cent. stock. It is
alleged that the operation in question is not to
be regarded as a Turkish state loan, but rather as a
loan to the Sultan, whose private domains, it is re-
ported, are to be specially hypothecated as security.
In the present embarrassed position of the French
and Austrian markets it is evident that little assist-
ance can be derived from that quarter. On the
other hand, English capitalists seem at present so
indisposed to take put in a transaction of this cha-
racter that we cannot bring ourselves to consider the
proposition serious.
We understand that the important sum of about
150,0001. in gold, consisting almost entirely of Aus-
tralian, was yesterday purchased by the Bank. Par-
cels to the extent of 70,0001—viz., 45,000/. from Aus-
tralia and 25,0001. from the United States—have also
been purchased for exportation to the Continent.
Some additional amounts are expected to be sent
into the Bank to-day.
About 50,0001. in sovereigns from Ireland was
yesterday also sent into the Bank.
The steamer Tagus has brought 2,100/. in specie
from the Peninsula.
The Walter Hood has arrived from Sydney, but is
not known to have any gold on freight. Iler dates
are old.
The commercial 'deices by the Overland Mail
corroborate the impressions entertained yesterday re-
specting the course of the Eastern exchanges on
London. In the Indian makes the movement is
unfavourable, especially at Bombay, but in China an
improvement has taken place. The subjoined shows
the closing quotations for first-class bills reported by
the last and present mails:
Previous Mall. Present Mail.
I. d. d. o. d.
At Calcutta.... 2 II to 11
„ Bombay.... 2 11 to 2 -16
„ Boug!C. mug 5 0

- -
T 3i too,*

. .... i "2ii4;s'

, .
The shipments of silver to the East by the Indus
on the 20th inst. will be to a certain extent checked
by the comparative smallness of the stock of silver
on sale ; but as the London market for silver is now
sensibly firmer, additional supplies of the metal will
doubtless be drawn from the Continent. According
to present appearances, the total remittances on the
20th will reach about 600,0001., but it frequently
happens: that fresh orders come in suddenly at tLa
last moment. On the other hand, caution is im-
posed upon the parties engaged in these operations
hy the apprehension that the East India Company,
with a view to attract additional funds into their
home treasary, may at an early date make a further
reduction of Id. in their rate of exchange on India.
The reduction of Id. announced on the let instant
has evidently failed to effect the Company's object.
The steamers, Albion and Seine have arrived in
the Thames from Boulogne, and the Clarence from
Antwerp. These vessels bring, in all, 91 cases of
silver, worth, probably, not far short of 80,0001., and
intended for shipment to the East.
The foreign exchanges yesterday afternoon were
generally firm. As regards Hamburg, an improvement
took place. The rates on Belgium, St. Petersburg,
Genoa, and Leghorn, were slightly lower, and those
on Vienna, Trieste, and Portugal, a trifle higher.
The current quotations are shown below—viz.:
Ameterdam, three mouths, 11.101 to 12.01 ; ditto, shod,
11.17 to 18; Rotterdam, three months, 12 to 12.4 ; Ant-
werp end Brussels, three mouth', 25.45 to 60. Ilambarg,
three months, 13.81 to t Paris, three month*, 2.5.C21 to 7
ditto, short, 26.22 t to 30; Marseilles, three months, 26.85
to 70; Frankfort-omthe-Meine, three moult" 11'1 to ;
Petersham, three months, 361 to I; Vienne, three months,
10.29 to 31; Trieste, three months, 10.30 to 32; 1,
three months, 421 to t ; Genoa, three months, 26.771 to 82I;
1.41610111, dues months, 29.821 to 7i ; Palermo. three months,
128 to ; Moraine, three months. 128 l to 129 ; Oporto,
three months, 621 to 1 ; Lisbon, three months, 521 to I.
The sugar market yesterday was ex tremely dull, and
progress could not be made with sales at a reduction
of fal. per cwt. The tea market was also dull. The
deficiency in the shipments of tea from China up t
the date of the advices was 21,530,000 lbs., compared
with those at the corresponding period of last year.
A general meeting, convened by circular, was held
yesterday at the London Tavern, of deputies from
the joint stock banks of England, Wales, and Ire-
land, for the purpose of taking into consideration
the Joint Stock Companies Banking Bill brought
forward by Mr. Lowe. At this meeting it was
announced, as the result of the interview which
has taken place between Mr. Lowe and a deputation
on the subject, that joint stock banks formed prior
to the passing of Peel's Act are not intended to be
included within the operation of the bill, unless
they should specially apply for registration under it.
Power to this effect is to be given in the bill. The
London banks classed in this category are, it will be
remembered, the London and Westminster, the
Union Bank of London, the London Joint Stock
Bank, the London and County Bank, and the COM-

mercial Bonk. This' intimatian of Mr. Lowc's, how-
ever, is directly counter to all the impressions pre-
viously entertained respecting the scope and object
of h's
At the meeting of the St. Katharine Dock Cow-
pany yesterday the net profits for the half-yeer were
stated at 47,8751., out of which a dividend at Our
rate if 2; per cent. for the half-year was declared,
and .he directors' report adopted. It was mentioned
that the business of the company showed a slight
diminution.
At the settlement in the share market yesterday
the charges exacted from speculators for the rise were
sensibly lighter than those lately current. Berwick,
Caledonian. and York and North Midland appear
to be the descriptions chiefly overbought. On
Great Western there was a small " backwardation."
this stock being scarce in the market. Subjoined
is our usual statement of the terms generally car-
rent:

From
London and North Western 5-16 to 7eon-16t ang per
o. cont.
4' even" to • trifling
backwardation.
Midland 3-16 to 5-16 cent.
Lan.Abire and Yorkaliire -16 to 7-16 ditto
South Eastern -32 to ditto
Creat Northern -32 to ditto
doniitna
York and North Midland
Benricka
The regular re-opening of the transfer books for
the undermentioned government securities will take
place on Friday next, viz., Three per Cent. Consols,
New Three-and-a-Half per Cents., New Two-and-a-
non per Cents., Five per Cent. Annuities (Jan.,
18G0), and Annuities (Jan., 18193).

Groat Wkedcrn...

:EAD#T

The funds remain decidedly flat. he further re-
duction established to-day amounted to Ito 1 per
cent, and the market at the close was altogether
without siqn of recovery.
Consols, which closed yesterday at 921 for the
6th August, were quoted during the greater part of
to-day 921 to 1, and closed flatly at 921 to 3-16.
After 4 o'clock stock was offered at 92,1, but at a
later period the price was again called 921, " rather
buyers." For money the last price was 911 to 92.
The °facial business report is as follows :—Three per
Cent. Consuls, for money,9ll„ 92 ; ditto, for account,
6th August, 921, „1, ; ditto, for the opening,
17th July, 921 ; Three per Cent. Reduced, 921, 92,
921, 92 ; New Three per Cents., 921, 1,4, 4 ;
Long Annuities, expiring in January, 1860, 2i,
2 7-16; Thirty Years Annuities, expiring in April,
1885, 18,184; Bank Stock, 215; India Stock, 213,
2151; Three-and-a-Half per Cent. Exchequer Bonds,
falling payable in 1858, 981; ditto, 1859, 981, 984;
India Bonds, 10s. dis.
Exchequer Bills remain steady, at 3s. discount to
par. India Bonds continue heavy, at 11m. to
10s. discount.
Turkish Six per Cents. were rather steadier to-day
than yesterday, but the 4 o'clock quotation showed a
reduction of about per cent., being 941 to 95 (for
the present settlement) ; and after that hour the
price was a trifle flatter. It would appear, how-
ever, that some speculative sales of this stock
mast have been pressed of late, for the rate of " con-
, tinuation " has declined: " even " to 1 "contango "
are the toms we hear quoted. Turkish Guaranteed
Four per Cents. continue well supported, closing at
102 to 1 for money. Peruvian Four-and-a-Half per
Cents. left off at 80 to 81, showing a further reduc-
tion of 1 per cent. Spanish Deferred Three per
Cents, were quoted 251 to 1 ex div.
Bank shares to-day experienced no important
' change in price. Royal Mail Steam shares were
- quoted 11. lower. Australian Royal Mail were
marked 11 (101. paid). In other miscellaneous se-
t curities there was little movement.