The Express.
London, England, 1852-08-05 00:00:00

THE FREEHOLD LAND MOVEMENT.
MEETING IN BIRMINGHAM.

A public meeting to further this movement vas'
held in Itaminghana as Tuesday sees* ; W. ScnoLa-
rtsus,l64., is the chair. The attendance wee'
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The Straw, is spades the preeedings, reworked
that whoa be bet bed the opportunity of addressing the
weekina glen Ileilegaighwi in any number in that hall, it
WY wilt re asillima hope that they would be able to
dirge the nyeseristives if the northern division of the
Meaty, and to Men MU whose views were congenial
with rue mew However, they had been defeated; but
Meth they bad been Ashdod, the principles of the Free-
bull lm•d (Meaty had set Idled. At the general election
is ISM. the sureerehes hmi • argerity in Birmingham of
IN ram; bid et the led &Mies they were in a minority
is de sierbee et vette piled 4 Me Birmingham district
of erre& et 300 a dmege whist had be,st
of by rear of the 'Freehold Led Societies. Coventry
elm S• s =reeky in the sere degree. With those her
be roes Is reit se ter as Feediebi Lad
See mese thug
_bad set
the hers eserrised by beiren sod= einSidemore.
sot then, hew sere it that ray were Wren ? He
asessated fee the dehet by the but that the Mil male-
ties of Warwickshire, shutting its
.eyes end NM le it was
west to do, dreamed still of pestectios. sod meld seem
=athe so-popery veal of MM. la Best thee
Mr. Locke King, and ia iliddimsthei bed by
Ni. Bernal Osborne, to the Hesse et ewismess, by
the err of the Freehold Lead Society.
Mr. Clamm, H.P., in roar the tint resolution, said
he simmer believed that the imbed Lead Satiety SIMI
aNA nod profitable Inssimmt die sisal assive. The
preVreauired by meet of these seeleties mum berms
an property, and there wee no investment white
afforded advantages r the Birmingham Freehold Load
Socinty. He had her • trustee et the wrier until lately,
but bit parr= doom-
revered hie faithfully die-
the dogma sf that palsies. He seselsded by en-
Ws monk*. that they would be seccerful at the
sezt desties!

Fula.;

Ths osstisir yea afterwards addressed by Mr. J. A.
Lars's*, Mr. J. Taylor, jua., tie smeary (wbo entered
into MIN details ea to the practical working of the Biz-
-11•1110111111 Freehold Land Society), Mr. Frederick Harris,
Mr. essers Dawson, and Mr. Hofer Dawson ; and,
after a iota of thanks to the chautnan, the meeting
separated.

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WIRDNIUIDAT EVKNING.
The English funds to-day continued their down-
ward coarse without interruption. Consols, which
were first marked 1001 for cash, fell to 100, and the
closing price was only 99; to 100, both for money
and the 12th, exhibiting a fall since yesterday of
per cent. A feature of the market was the resump-
tion of sales for time, which were effected as low as
991, or actually 1 lower than the price for imme-
diate delivery, as marked in the official list. As
usual at this season, reports of blight in the wheat
and disease in the potatoes in various districts of the
kingdom were industriously disseminated, and
the dispute with tho United States rela-
tive to the fisheries was similarly made
nes of to affect prices. In the afternoon
rumours were also prevalent of a considerable redue-
tion in the Bank's stock of bullion (to which refer-
ence is made below), so that, altogether, speculators
appeared to think they had sufficient ground for
operations in a sense unfavourable to prices. There
was more speculation in this department than for
;ratpeat. and although it is extremely pro-
If dm a beers" would be found seab
enough to "go for the fall" heavily, or for any
length of time, there are yet many speculators who
are in the habit of operating from account to account,
and willing to make a trifling profit from the turn of
the market. It is certainly ridiculous, when the
Bank's stock of bullion stands at twenty-two
millions sterling, to attach any importance
to a variation of a quarter of a million
or so, especially when it is well known from what
quarter the demand arises. The approaching settle-
ment of the account also has some effect, speculators
for a rite, who have been holding on to their stock,
thinking it advisable to realise. In other stocks there
was very little business. The official report of trans-
actions is as follows :—Three per Cent. Consols,
for money, 1001, 100, k, 100, 1, 100 ; ditto for ac-
count, 1001, 100, 1, 891, 100. Three per Cent.
Reduced, 1001, 1, 1 New Three-and-a-Quarter per
Cents., 1041, I. Long Annuities, 1880, 6 16-16.
Bank Stock, 234._

EzehequCrßills remain very quiet at 761. to 79a.
prem. for the March, and 71s. to 745. prem. for the
Juno issue.
The tendency of prices in the foreign stock market
was not so favourable as of late. Mexican New
Bonds ranged from 25 to 251. Portuguese Fours
fell to 36; and Buenos AyreanSixes to 741. Brazilian
Scrip realised 21 to 3 prem. The sales recorded are
as follows!:—Brazilian Old Five per Cents., 103 •
ditto, Small, 102, ; ditto, New Four-and-a Hai
per Cent. Scrip, 21, 21, 21, 3 prem. Buenos Ayres
Six per Cents., 781, 79, 771. Danish Five per Cents.,
108. Dutch Four per Cent. Certifs., 981, 11. Ecuador
Bonds, 41. Granada Deferred Bonds, 91. Mexican
New Three per Cents., 251, 26, 1. Peruvian Deferred
Three per Cents., 61. Portuguese Converted Four
per Cents., 36. Russian Five per Cents., 1211 •
ditto, Four-and-a-Halt per Coats., 105. Spanish
New Deferred Three per Cents., 221, 1, 22, 1.
The Benjamin Elkin has just sailed for Sydney
with 52,000/. in coin ; and the Dinapore for Port
Phillip with about 35,0001. Yesterday we chro-
nicled the shipment of 300,000/. by the Sydney, and
the day before 50,0001. by the Admiral, all for our
Australian colonies. The effect of these large ship-
ments is beginning to be rather sensibly felt in the
Bank. Thus we are enabled to announce that the
return for the week ending last Saturday will show
a decrease of about 300,0001. in the stock of coin and
bullion. It must not be forgotten, however, that the
receipts of the precious metals daring the present
week have been very large, whilst last week, as
shown in our statement, they were more than coun-
terbalanced by the exports.
Friday, the 13tIIII1WT,-Siti leen appointed by
'the Steel Exchange Committee settling day in the
shares of the Madras Railway Company, which
closed to-day 21 to 21 prem. Of other new under-
takings to-clare prices are as follows : Crystal Pa-
lace, par to 1 prem. ; Chiriqui Road Company,
prem.
We are happy to learn that the complaints of the
Mexican bondholders against the inactivity of their
committee, as expressed an our columns and else-
where, have had the effect of drawing their atten-
tion to a sense of the critical position in which the
important interests confided to their care are now
placed. A meeting of the committee was held this
afternoon, at which it was resolved that the chair-
man and deputy chairman should wait upon Lord
Malmesbury at his lordship's convenience, and lay
before him a statement of those matters in which
the government of Mexico have failed to comply
' with the stipulations of the last convention, at the
same time requesting his lordship's good offices to
enforce their claims. The assistance of the British
minister at Mexico will of course be secured.
From Colonel Facio we have received the follow.
ing statement of the of the Mexican Con-
version, which will progress
to the bond-
holders:

Statement of the Conversion of WWI= Bonds ap to
the 31st July.
Five per Cent. Stock received for eoaversios, via.:
Bonds of letter A, 24,863; B, 8,626;
C, 7,935 ; D, 8,073
Three per Cent. Stock issued instead, via :
A Bonds, No. 1 to 24,863
B Bonds, No. 1 to 8,626
C Bonds, NO. 1 to 7,936
D Beads, No. Ito 8,073
32, Great Winehester•street, Aug. 4, 1852.
-••• • -

- .
With reference to the association whichliu jutbeen
announced as in course of formation, under the title
of the " Costa Rica Company," for the junction of
the Atlantic and Pacific Oceans, we understand that
the Consul of New Granada in London has indig-
nantly ignored the claim of the company to any con-
cession embracing the Boa del Toro on the Atlantic
coast, which is stated in the prospectus as one of the
termini of the proposed line, and that he has
formally notified that the republic of New Granada
will enforce, by every means in its power, its claim
to the territory in question. Since the separation of
the Isthmus territory from the Spanish crown there
have been continued struggles between the republics
of New Granada and Costa Rica owing to the
boundary line of the two states not being definitively
laid down, but the state that actually exercises
authority in Boca del Toro and its vicinity, is New
Granada, Costa Rica having been unsuccessful in
enforcing her alleged claim. Thus various valuable
concessions for the formation of a plank road across
the isthmus at this point were made to the Chiriqui
Road Company (which has been established in
London some time) on the 10th April, 1861, by the
provincial government of Chiriqui, by virtue of an
act of the general government of New Granada,
passed at Bogota on the 3rd Juno, 1848. In face of
the notification thus issued by the Consul of Now
Granada, some explanation is looked for from the
promoters of the Costa Rica Company.
The meeting of the shareholders of the Great
Western Railway of Canada was held to-day, when a
very satisfactory statement of affairs was laid before
them. The most favourable features of the directors'
report are the assurance from the engineer that the
whole line, from the Niagara to the Detroit rivers,l
will be opened in August, 1863 ; and the renewed
assurance that, notwithstanding the carrying out of
Imany improvements in the construction of the line,
the coat will not much exceed the original estimates,
and that the capital of the company will, under any
circumstances, more than cover the entire cost of con-
struction. By the issue of M,OOO shares in England,
and the subscriptions of other railway companies and
individuals on the other side, tho entire share
capital has been subscribed, and the amount of
the loan from government is thus reduced to 2(10,0001.
instead of 800,0001., which the company were
entitled to claim under the act of parliament. Great
benefit is expected to accrue from the coestruction of
the various new lines of railway in the United
States and Canada, all of which will be in continua-
tion of, or act as !Ceders to, this line.
The Northern Railway Company have just com-
pleted the surveys of the railway destined to connect
the line from St. Quentin to llzquelines with that

extending from Paris to Belgium, passing by way of
Cambrai. These surveys have been duly submitted
to the government authorities.
Tho transactima in Bank shares this week have
again been very large, and although some descrip-
done, including Bank of Australasia and Union of
Australia, have not fully maintained the recent
marked rise, the market is generally very firm, the
inquiries being numerous. Sales are marked as
follows:—Australasian, 565,56, 5; British North
American, 59, ex. div.; Commercial of London, 30
ex div. ; London Joint Stock, 181 ; London and
Westminster, 325, 33, 325, 33, 325, 32, cx div.;
National Provincial of England, 455; Oriental Bank
Corporation, 371 ex new; Provincial of Ireland, 47,
465 ex div. ; Union of Australia, 501, 475, 5, 464, 1
ex div.; ditto, new, 65, 61 ex dir. ; Union of Lon-
don, 165 ex div.
We have several times drawn attention to the ne-
cessity of increased banking accommodation in our
Australian colonies, consequent upon the gold disco-
veries and the greatly increased movement of trade
and emigration in that part of the world. The Lon-
don Chartered Bank of Australia is being formed to
supply this want, and the names of a very influen-
tial directorate have been published. The capital
proposed to be raised is half a million. The direc-
tors announce that they will not commence opera-
tions until they have obtained their charter, limiting
the liability of the shareholders.
Dock stocks are in demand. St. Katharine stock
has risen 41., and London 11. East and West India
stocks quoted 166 ex div.; London, 131 cx div.; St.
Katharine, 90 to 91 ex div.; Southampton shares,
SB5.
Steam-boat shares are also firm, with a moderate
lousiness. The last prices are:—Australian Royal
Mail (41. paid), 41 ; General Screw Steam Shipping,
505; General Steam Navigation, 291, 29; Penin-
sular and Oriental, 8.55, 85, 5, 845, 855; ditto New,
385; Royal Mail Steam, 805, 80.
Amongst the demands on this market for the ex-
tension of steam navigation, the New Zealand Local
I steam Navigation Company, the prospectus of which
'is now fairly before the public, propose to raise
150,0001. in 51. shares, one-third of which will be
reserved for the colony. The object is the laying of
a line of steam vessels between Auckland in the
north and Otago in the south, visiting in their course
New Plymouth, Nelson, Wellington, and Canterbury.
The directors also propose to connect their operations
with those of the Australian Pacific Mail Steam
Packet Company.
Insurance shares are extremely well supported,
and the following prices exhibit an improvement,
via.: Atlas, 191 ex div. and bonus; Guardian, 56 ex
div.; Marine, 175 ex div., and ex new.
For other miscellaneous shares the market gene-
rally remains firm at the prices last reported by us.
Fr= the August number of the Bankers' Maya-
sine, just isaed, we extract the following statement
of the rate of interest per cent. per annum yielded
by the various guaranteed railway stocks, at pre-
sent prices :
Prllent

____._
pries c.. d.
111 13hrewsiery awl 11rwasIon 8 per eraL prof 5 13 4
h North Irldsit 4 per ant prat. Awns 5 9 1
9 0 ow, Mirth rai Ore m* preL 8 0 0
1S North
111 Lst Sarthses wog dine II per soot 413 61
t Walseu 11 wont. Fitme . .. ..
111 Lob we p 0 0.. II dopoi wet-.
18 lisowdowy owl Cbsolor 8 pre amt. pref 4 8 194
4 Meresear, tilwaril, aid "welt sew 6 per eras
Hip —4 9 7
ssi SL Hikes 6 ont. mi..— 4 9 9
114 Hall mil Maw , 4 6
174 IL Woes poZ.Bper Not. sod dividend
10 Yak owl WNW Mid 4h per coot. pref. ellafill 4 3 64
BMWS wow Y prowl pal. Wares 4 3 4
16 Ikea 29‘tis 42prweL put sharer 4 3 84
19 Chislor ass labkaY4§ per mat. pref. 4 4 7
14t Swam Ossaw poi I per osaL 4 4 2/
130 BMW owl Ilimasehrsemsoseed 6 per cent. 4 0 0
HO lerabs. SAglifisth oat Shia Osost pref.. permit. 4 0 0
19 wssfomS SlohailB/984 6 Pre ewL.--- 4 0 0
1111 woos mrwwwB we oiwl.WIL
WO Wes tisowlosi IS per oat. .
19
Sh
94 1999919.,09111199909d Malp
IsNNWaldaerstialde perwateed 4
The rews t•
buty and Biper cent.
rmingham preference
stock enjoys its dividend of 8 per cent. for ten years
from Nov. 1849, and then becomes 0.6 per cent, stock
in perpetuity. After November, 1853, Glasgow,
Paisley, andl3reenockpreference 6 per cent. stock
will bear 5 per cent. in perpetuity. Intending in-
vestors will readily perceive the necessity, pnor to
operating, of making duo inquiry into the particular
circumstances affecting each stock, and the value of
the guarantee offered.