The Express.
London, England, 1852-11-29 00:00:00

MONEY MARKET.

BATIIRDAT ETNICINO.
The English stock market to-day was sensibly
stronger, and closed with great firmness. Consols
ruled at 1011 to /„, both for money and the account
of the 9th December, being N higher than they left
&yesterday ; and after the official close the time
price was rather stronger again at 1011 to 1. The
other government stocks were similarly affected,
although business as usual on the last day of the
week, when the Hebrew and many other members
are absent, was quiet. The offi ial report embraces:
—Three per Cent. Console, for money 101', ; do.,
for account, 1011. Three per Cent. lieduced, 1001,
1, /. Three-and-a-Quarter per Cents., 1031, 41, 4.
Long Annuities, 1860, 6 7-16. Bank Stock,
2231, 223.
There was more demand for Exchequer Bills to-
day, and prices are looking up again. Tho March
bills closed 71s. to 74.. prom., 72e. prem. being even
realised by a seller of the smaller sizes. The June
issue was transacted at 70e., 735., and 71s. prem.
India Bonds were purchased at 83s. prem.
The foreign securities remain almost stationary in
•• ice, but Turkish scrip was again flatter. The tone
• •pted by the ministerial party in adverting to this
• • negotiation is regarded as discouraging, and
gives occasion to much angry. comment on the part
Lthe holders. The expression of the intentions of
Ottoman Porte is awaited with quietude,
h somewhat impatiently, but there is a strong
ition amongst the bondholders to adopt every
Mane that may frustrate any attempt to ignore their
Aim to compensation. Portuguese bonds are firmer,
ii the hope that the recent decision of the Stock
Fgehangs with reference to the projected Central
Pltainsular Railway of Portugal may induce that
gewernment to give the rights of the bondholders
more consideration. Other stocks are generally
steady., and Belgian Four-and-a-Half per Cents. are
still rising. Sales are thus marked :—Belgian Four-
r Cents., 99, 4 (exchange, 25f.) Bra-
Old ivelp/ Cents., 1011; ditto New Four-
- • Ce s., 1852, 97, 1. Chili= Six per
Dutch Two-and a-Half per Cents.,
661, 651 ; ditto Four per Cent. Certifs., 971, 97.
Mexican Three per Cents., 24/, / Portuguese Con-
verted Four per Cent., 381. Russian Five per
Cents., 1181 ; ditto Four-and-a. Half per Cent.,
104/ 1. Sardinian Five per Cents., 99/, 100.
Spanish Old Three per Cents., 52; ditto Passive
(Converted), 61; the Committee's Certif., 31, 31 per
cent. Swedish Mortgage Loan,ll die. Turkish Six
per Cents., 21, 1, 1 prem. Venezuela Three-and-a-
Half per Cents., 41.
The miscellaneous share business of the day in-
cludes :—Bank of Australasia, at 71; English, Scot-
tish, and Australian Bank, 41, ; London Chartered
Bank of Australia, 41, ; Provincial Bank of Ire-
land, 471; Electric Telegraph of Ireland, 11 ; General
Screw Steam Shipping, 591, 59. All the Australian
banks, both old and newly established, are in strong
demand at decidedly rising prices. Indeed, shares
of every description in any way connected with
Australia are being eagerly sought for, it being eon-
sidered that, in the altered circumstances of those
colonies, many securities formerly in disrepute must
turn out valuable investments. Oar detailed list of the
quotations current for shares in new undertakings not
yet officially quoted is as follows: Beziers and Onuses-
sac Raftway,ll to 1; prem. ; Bordeaux and Cette Rail-
way, 6 to 51 prem. •, Antwerp and Rotterdam Rail-
way (a settling day for which is expected to be
shortly appointed), / to 1 prem.; Royal Swedish
Railway, 1 to 1 prem. ; Western Railway of Swit-
zerland, 1 to 11 pram. ; French South-Eastern
Railway, 1 to 11 prom.; Wimbledon and Croydon
Railway, 21 to 21 prem. • Danish Zealand Railway,
11 to la prem.; LOte Constance and Basle Railway,
Ito prem. ; Orleans and Epernay Railway, Ito 1
prem.; Magdalena Steam, / to 1 prem.; Ebro Canal,
13 to 2 prem. ; North of Europe Steam, 1 die. to
par; Isle of Wight Railway, die. to 1 prem. •
Bank of India, Australia, and China, 11 to 13 prem.,
being a decided advance; Chiriqui Road, 1 to
prom.; French Crystal Palace, 3 to 1 prem.
The length to which our list of new
associations has attained attests the activity
of joint-stock enterprise, to which we hare
on several occasions drawn attention. All
these new projects, it must be remembered, are
drawing sums of more or less magnitude from our
market. It is, however, satisfactory to see that up
to the present time the projects brought forward are
generally of a very utihtarian character.
The imports of the precious metals this week have
consisted almost entirely of Australian gold, the
fall in the exchange at Now York on London having
rendered shipments from that side unprofitable,
whilst nothing has come in from the West Indies.
Our list includes 27,761 ounces of gold by the Pel-
ham, and 5,078 ounces by the Cornelia, both from
Sydney; BOO ounces of gold by the Forerunner,
from Africa; 15,000 dole. by the Niagara, from New
York; and 1,0171. by the Tagus, from Lisbon. We
are also advised this afternoon of the arrival of the
Andromache from Melbourne, which port she left
on the 14th of July, with 42,051 ounces of gold.
The total imports of the week may thus be stated,
valuing the Australian produce at the Mint standard,
at about 303,0001. _

The statement of the exports of the precious metals
direct from London during the week ending Thurs-
day, is thus rendered by the Custom House authori-
ties: Silver coin—to Ceylon, Mauritius, &c., 143,864
ounces; to the Cape of Good Hope and Bombay,
0,000 oz.; to Belgium, 3,000 oz. Silver ban—to
the Cape and Bombay, 62,067 oz. Gold coin :
to tho Mauritius, 760 oz.; to Ceylon, Mauri-
tius, &c., 3,449 oz.; to the Cape and Bombay, 3,000
oz. ; to Hamburg, 16,450 oz. Gold bare, to Ham-
burg, 3,000 oz. Gold and silver coin, to the Mauri-
tius, Ceylon, &c., 311. Bullion, to Hamburg, 2,600
oz. We have here a total of 203,931 ounces of silver,
and 26,749 ounces of gold, besides a further small
amount of both metals indiscriminately classed. The
total value is nearly 160,0001. The shipments to
Hamburg are larger than usual, but some 80,0001.
worth of these in half imperials and bar gold are
destined for St. Petersburg in liquidation of commer-
cial balances, as reported in the Daily News of
Thursday. The shipments to eastern ports ree vded
is the above custom house account, form, it should

be observed, a portion of the cargo of the steamers
I Mauritius and Lauriesieh: the aggregate shipments
by which were included, in anticipation of the
official statement, in the summary of specie imports
and exports furnished in the Daily News of last
Monday.
The other shipments reported to us are entirely
for Australia. comprising 85,000/. in gold and 2,0001.
in silver by the Arrogant for Sydney; 20,0001. in
gold and 1,0001. in silver by the Sir W. Ffolkes for
Sydney and Port Phillip; and 15,000!. by the
Renown, for the lot named port. The total ship-
ments rom the kingdom are thus raised to
283,0001., and there is consequently a small balance
of imports over exports.
As regards the prospect of further remittances to
Russia, it is not probable any more shipments will
be made at present, as the exchange, by accounts
just to hand, has receded to 39 d. Till the exchange
rallies, these operations cannot be continued. The
exchange at St. Petersburg, it may be noticed, is
affected by the large transactions in corn that have
for some time past been carried on, on English
account, in the Odessa market.

We understand the application of the Upper India
Railway Company to the East India Company, has
met with the reception which, from the well known
obstructive tendencies of the Board of Directors, had
been generally anticipated. Whilst it is well known
that the construction of the line in question is recog-
nised by min the directors of the East India
Company, the application of the railway company is
answered with an intimation that they are not pre-
pared at present to make any further concession to
Indian railway companies, the actual meaning of
which is that the railway company in question,
which proposes to carry out a work of vast import-
ance to our Indian possessions, and of pre-eminent
advantage to the government itself, must resign
itself to the usual amount of vexatious and useless
delay before the antiquated forms in vogue in the
India-house can be duly satisfied. The promoters of
the railway will doubtless persevere in their
application, and, if possible, ought to enlist
some strong parliamentary support. At pre-
sent they are in a much bettor position
than were the other Indian railway companies,
which aro now in successful progress, as in three
cases a fiat refusal was returned by the enlightened
authorities, to whom the government of so many
millions of our fellow-subjects is entrusted.
The line of submarine telegraph proposed to be
laid down from the Hague to the English coast has
already been carried from the Hague to Sehevioen-
gen, but the wire will not be thrown across the
Channel till next year, owing to the boisterous state
of the weather. It is stated that the line will ter-
minate at Lowestoft, and not at Harwich, as at first
intended.

The electric telegraph between Brussels and the
Hague is now in operation. The first despatch ever
conveyed by this lino passed between these two
points in 33 minutes. It is thus inferred that the
arrangements adopted aro susceptible of improve-
ment.

Tho amount of the railway calls falling duo in
tho mouth of December is subjoined

Mensal per Snare.
Du. Alredy Number
Dale. Paid. ''CalL" of Snares. Amount
Cork and Bandon, New
Preference 4 24 CI 0 0 7,00 £7,040
*Grand Innen= of Fnuse• 5 4 S 0 0 51,000 00,000
Great Pouthern end West-

ern. New 201.
Hereford, &we, sad Oboe-
-4 7I 210 0 ,750

74 a . - 13,1 21,315
ILlSarney Junction
•Paris sad Lyons Bonds
@Park sad Strasbourg,
Ewa 10 5 5 0 0 50,000 250,000

T0ta1....._ .. ... £731,913
• The progerlton held by foreign oompanle, L .......... but the
butanes -of English proprletots are not known.

Rule 162 of the Stock Exchange has just been
abrogated by the committee, and the subjoined tale
is to be substituted :

The committee will fix a settling-day for the shares of a
new railway or other industrial company, and (if they see
no reason to the contrary) order its quotation in the official
list, on being satisfied of the bona fides of the concern, and
on the fulfilment of the following conditions:
That the application (which must be previously laid be-
fore the secretary of the railway department of the Stock
Exchange, and be certified by him), be accompanied by a
certificate from the secretary of the company, stating that the
subscription list is lull, with the exception of such reason-
able amount of shares (if soy) as may be reserved for
specialtul purposes
:aretshaluthebedeenpositd on not lmessustta:lsotw;z
certified specifically by the bankers of the company); that
I the scrip, or shares, are reedy for delivery, and that no ins
pediment exists to the settlement of the account. The
member making the application to attend the committee on
the day fixed for taking it into consideration.
The committee will, notwithstanding, when they deem it
expedient, fix a settling day for any new company, when
the foregoing conditions have not been complied with, pro-
vided the scrip, or sham, be ready for delivery, and that no
impediment exists to the settlement of the account ; it heing
expressly understood that, when a settling day is Hoed
under these circumstances, the shares of such company
shall not be quoted in the official list.
The secretary, in announcing to the Stock Exchange a
settling day of a new company, will state in his notice
whether it be fixed with, or without, the authority for its
insertion in the official list.

It will be seen from this new regulation that a
settling day will be fixed by the house for the shares of
such companies as may not have obtained two-thirds
of their capital (orof the firstdeposit), hithortosostrin-
gently insisted on ; but that in such cases the shares
will not be officially quoted. Generally this new
rule, which, however, requires confirmation at a
subsequent meeting of the committee, appears to be
received with satisfaction by the members, as its
adoption will prevent the recurrence of cases hitherto
frequently noticed, in which, owing mainly to the
requisite amount of capital not being paid up, deal-
ings in shares have stood over for settlement for
years, the parties concerned, in fact, never expect-
ing to see a settling day appointed. All dealings
between the members will now be duly brought
to a settlement, whatever may be the amount
of capital paid, for it cannot be supposed
that the obligation to have a certain amount sub-
scribed for will operate as any serious difficulty, see-
ing how easy it is for the promoters of any new as-
sociation to swell the mere subscription list. The
new rule will also give allottees in new companies
of the class referred to power to push forward to a
settlement in the Stock Exchange, as the allottees
will themselves bo able to insist on the due prepara-
tion of the scrip or shares by the directors, and on
compliance with the other few formalities required
The refusal to give any official price in such cases
the committee appears to consider sufficient to pre-
vent any undue development of speculative dealings
in new shares on the part of the members.
From the Railway Times we extract the following
analysis of the railway traffic returns for the last
week on all the hoes in the kingdom :
Aggregate amount No. of Average receipt
received, miles open. per
1852
1851
1950
Tho same authority estimates the gross receipts
for the whole kingdom since the Ist of July as
follows:

(firma amount No. of Average receipt
received. =ilea open. per mile.
18.52
1851
1850

THIS DAY.—Two o'Ctocx.
The English funds have been very quiet to-day,
owing to attention being in a great measure directed
to the settling in shares and foreign stocks. Stock
has come to market rather more freely, and a slight
ireduction in prices has consequently taken place.
Consols have ruled at 1011 to for money and ac-
count. The Three per Cents. Reduced mark wog to
1001. The Three-and-a-Quarter per Cents., 1031 to
104 ; India Stock, 277; Exchequer Bills 705., 725.,
735. prem.
The foreign stock business has been chiefly in con-
nexion with the settling. Mexican and Portuguese
bonds are better, and Turkish scrip lower. Portu-
guese Fours mark 38 to 381; Mexican Threes, 241
to 261 ; Spanish Old Throes,
.611 to 62; ditto New

Stark this day
Belimy last week
Do. Irma Ist June
arrival last week
Do. from let June
Prim Y. C. this day per OWL
Ito. Town

59,602
1,914
46,942
9,393
70,940
47 .6d.
Bk. 6d.

70,618
3,111
51,060
2,940
85,164
375. ed.
39e. 6d.

ISU.

30,477
3,762
' 49, as
12,413
59,307
041,
494.34.

-----
Arrivals for tho week ending Dec. 8 last year, 3,918
casks; and delivery, 3,219 casks. The arrivals last week
comprised 11,604 casks from St. Petersburg 874 from Aus-
tralia, and 35 from other places.—Total, 12,413 casks.

BOROUGH MARKET.—THIS DAY.
Messrs. Puttenden and Smith report that the dement for
Weald of Kent lope is not quite so retentive as for sometime
past. Still priers are fully maintained, and there is a good
trade doing in Mid and East Kent bags; the supply of fine
Hops is very limited.

LOCAL SNARE MARKETS.
LIVZOPOOL, Nov. 27.—The market continues good,
prices having an upward tendency. The sales are reported
as follows in the committee's list :—Blackburn (late B. C.
and W. Y.), preference 6 per cent., 261—Caledonian, 33
3—Chester sad Holyhead, 241—Eastern Counties, 12 1346
—East Lancashire, 191—Lancashire and Yorkshire, 871—
Ditto (fifth shares), 3 1.16 d.—Ditto (West Riding Union),
21 d.—Liverpool, Crosby, and Southport, 19—London and
North Western, 1261—Manchester, Sheffield, and Lincoln,
321 I—Midland, 791—North British, 101 I—South Eastern
and Dover, 24 4 1 I—York, Neweaste, and Berwick,
191 I—Ditto (Extension No. 1 and 27 61 d.—York and
North Midland, 301—Sambre and Meuse, 111.
MANCHBOTIIII, Nov. 27.—There was not much busi-
ness, but prices were quite firm. Caledonian, 321—East
Lancashire, 191—Kendal and Windermere, 131—Lanca-
shire and Yorkshire, 88—London and North Western, 1231
—Manchester, Sheffield, and Lincolnshire, 321—South
Eastern and Dover, 241, 3.16, j.
NtOIIINORAII, Nov. 27.—This market was firm to-day,
and prices had an upward tendency. Shrewsbury and Bir-
mingham stock was done at 67 ; ditto, London and North
Western guaranteed, at 75; and Stourbridge and Kidder-
minster Banks at 9.
LENDS, Nov. 27.—There has not been a large business
done on change today, but generally tht tone of the market
is good, and shares show still an upward tendency. Lan-
cashire and Yorkshires were done at 881—Leeds Northern'',
at 18—London and North Wederns, 1231—Midlands, 791
—North British, 10—North Westerns, 91.

MELANCIIOLT ACCIDENT AT GRANTON.— Fru
LIVES Losr.—On Monday evening a melancholy accident
happened near Wanton, resulting in the loss of five lives.
It may be recollected that during the severe gale which
visited the east coast on the 27th October, the barque Mar-
garet, of Leith, which was about to sail for Australia,
broke from her moorings, and was east ashore a little to
the west of the breakwater at Greaten harbour. AU at-
tempts to float the vessel off were ineffectual ; and it was
judged expedient to unload her. Oa Monday she was so
far unloaded that it was deemed advisable to endeavour to
Boat her off, and preparations were accordingly made to
effect this object. A number of the workmen left the
vessel at the usual hour on Monday evening, but some
of them stayed after the others had left, is order to
enjoy a social glass "on board the vessel. They were
afterwards joined by the captain of a small vessel
lying in the roads. After sitting for some hours, the men
prepared to leave the vessel in the small boat in which the
captain of the other vessel had arrived. After all the
parties, seven in number, had got into the boat, it was
found that she was very deeply laden, but as the distance
to the shore was not great, the men resolved to attempt to
reach it. Probably the boat would have reached the shore,
had not one or two of the workmen, who had drunk pretty
deep during the evening, risen up in her. The effect of this
was to upset her, and tha whole party were instantly strag-
gling in the water. Two of them managed to swim
ashore ; but, owing to the darkness of the night and the
confusion in which they were placed from the suddenness
of the accident, the other five sank before auistance
could be procured. Their bodies were recovered during
the following day. Most of the men were young and un-
married ; but at least one has left a wife and family.—Scolo-
mon. _

THE METROPOLITAN BUILDING Arr.—On Satur-
day a bill wu printed by order of the House of Lords,
further to amend the act for regulating the construction
and the use of buildings in the metropolis and its neigh-
bourhood. The object of the 'Jill is to use the invention of
Mr. Grant for conveying the noxious products of gaseous
combustion and respiration through the ceilings of buildings
into the external atmosphere with perfect suety from fire.
It is declared expedient that the public should lie no longer
deprived of the benefit of the invention. Therefore it is
proposed to enact that in all buildings or dwelling houses
hereafter erected under the supervision of the district eilf•
veyors appointed under the above mentioned act, a
fire proof tube or tubes, or foul air flue or flues be placed in
the ceiling of each apartment for the purpose of the venti-
lation of gas and the egress of foul air. Notwithstandinft
any provisions of the reeitz4 : ;.-
I.i.ZFiat for whim
rs lette patent were printed to DonaldOriat may he
law-
Lilly used in and applied toany new or old buildings pro-
vided only and PO that no part of the said tubes or pipes
forming part of the said apparatus shall be placed at a lees
distance than two inches from any timber or other combus-
tible material.—
TURNPIKE TRUSTS.—The Secretary of State has
presented to parliament the general abstract of returns front
turnpike trusts for 1860; the result is satisfactory, a com-
perieon with former years showing that the financial con-
ditioo of the turnpike trusts generally is improving, not-
withstanding the continued annual diminution of the re-
venue derived from tolls. The receipts from tolls in Eng-
land and North Wales for 1850 were 1,159.8401., the ex-
penditure 1,168,6391., the bonded debt 6,238,4 M; the un-
paid interest 1,674,6801.

EXPR Ess
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