The Express.
London, England, 1852-10-26 00:00:00

MONDAY Events*.
The English stock market was steady today,
without any change in prices, and with very few
transactions offering. There is no speculation, as is
proved by the fact that not a single time bargain
was recorded in Consols throughout the day. The
puce of this stock experienced no variation from
Saturday's quotation of 100 l to } for money, and
1001 to f for the 11th November. Bank Stock
showed a tendency towards a rally. The
list, 011/eially rends). includes the following aseshi4.
Three per Cent. Console, for money, 1001, is Tins
per Cent Reduced, 991' I, I ; Three-and-a• Quarter
per Cents., 1031, 1,1; Long Annuities, 1860, 61;
ditto 30 years, 1869, 61; Bank Stock, 2231, 223.
Exchequer Bills, both of the June and March
issue, were firm, at 735. to 78s. prem., but in each
ease ;ales were effected at the improved rate of 765.
prem. India Bonds were quiet at Kw to 88e. prem.
I. the foreign market Turkish scrip continues to
14004 the chief attention. A very large business
sea again done in this security to-day between
11.1 and 41 prem., and the closing price may
be called 4 to 4I prem. The subject again
Ouse into the deliberations of the committee of
the Stock Exchange, and in the afternoon it
Win Wiled that the payment of the second
iwildenswi el 2.5 per cent., which falls due on the
Ili Mole ember, is postponed until the receipt of more
tided advice, from Constantinople. The tele-
amounts received to-day by way of Vienna,
eminent Creek houses, state expressly that the
Sultan positively refuses to ratify the loan, but has
given orders for the remittance of half a million
sterling to Paris and London to reimburse the subscri-
bers for the 26 per cent. which they have already
paid up. It is needless to point out, that if it be
proved that the accredited representative of the Tsui.
kish government has entered into a contract, fairly
sad straightforwardly, with certain parties, by which
they advance money oo specific terms,thoee terms must
headland to, and consequently the mere reimburse-
WM etthe moneys° advanced would be rcjectedrylt
Midas of the scrap, most of whom have pis
at hem 4 to 11 premium, and to wbgia the ism
would therefore be enormous. The meson Most
relative to the affair are extremely amens% sad st
the moat conflicting character. We eel state me
tact, however, that may tend in some dire. to alla
the anxiety of holders. His Excellew Prince Cal-'
limakki was coda' in London, and sls isi paatively
in answer to inquiries personally addressed to him,
that the imperial finnan, a sight of which is so much
desired, is duly deposited in the archives of the state
at Constantinople. We may further mention that an
impression prevails that the sum actually authorised to
be raised by the Sultan hasbeen exceeded, some parties
say by 400,0001., and in this ease it is suggested
that diseretiocary powers were doubtless vested in
the parties negotiating on behalf of the Porte, and
that, in any ease, it can be only with respect to the
arrangement of the sum so nosed in excess of the
impanel instructions that any negotiations ought to
be necessary. Various rumours are also current with
respect to the terms on which the loan has been
raised. It is certainly greatly to be regretted that
the placing of this lean on the London and Paris
markets should have been attended with so mach
difficulty, as the financial credit of Turkey, and the
interests of those who have brought forward their
money en the strength of thireprisentations made
by parties acting avowedly on her behalf,
must equally suffer. It may not be out
of place to mention that the sales of the stock,
whether bona fido or speculative, have been exces-
sively large, so that the oontiouous fall in price is by
no
means to be wondered at. Indeed, proof of a
sang feeling of confidence in the honesty of the
Turkish government is to be found in the fact that
the loan still commands so high a rate of premium.
There were again some considerable purchase of
the Certificates issued by the Spanish Bondholder'
Committee as vouchers for the half of the overdue
coupons unfunded at the last conversion, and the pries
ruse to 4L per cent. The Swedish Loan was lower,
closing Ito a dis. This is a severe reaction from the
high premium of 3 to 4, which this loan attained only a
lbw days ago, and whilst that high premium may be
as extravagant, there is at the same time se
for this marked reaction. Mame*
pries current for the loan of a sindlseimne
tow currently dealt in on the Hamburg resitbse, Ws
owans=
security is at an undue depreciation. It is ands&
stood that parties in Hamburg, who can batter ap-
preciate the nature of the security offered, arewatch-
hig this market with a view to coming in on low
ann. Peruvian Bonds were decidedly better, the
aurae of events as regards the Lobos Islands dispute
being exactly as we had anticipated. Buenos
Areas Bonds also showed an improving
leadesey, but Mexican closed flat. The list
of sales is subjoined : Brazilian Old Five
per Cents., 101. Buenos Ayres Six per
Cents. 79, 80, 79. Ecuador Bands, 6, 41. Me:-
ism Three per Cents., 241' i
1. Peruvian Actives,
R 1031, 2, i. Portuguese Colverted Four per Cents.,
ffil. ussian Five per Cents , 1181. Spanish New
Deferred Three per Gents., for account 29th Oct.,
261,1 • the Committee's Certif., 3a, 31 4 per cent.'
Swedish Loan, },l dis. Turkish Six per Cent. Loan,'
41, 4:, 31, 41, 41, 41 prem.
Business has been done in the shares of the Rank
at Australasia at 69 ex div. English, Scottish, and
Australian Bank (41. paid), 41. Loudon Chartered
Bank of Australia (21. 10s. paid), 31, 2, 2. Lewis
sad Westminster Bank, 331. Union Bank of Mir
balm, 301, k. Crystal Palace. 6. Netherlands Emil
Enclosure (21. paid), 21, 21. Beziers and Gramme
Railway shares have improved to a to a prem.
U India Railway are quoted a to 1 prem.;
and Rotterdam Railway, a to 1 i
)caul Palace (which project is officially
amtalkaitial:xdecree in the Arosileur), I to I
peat and Cette Railway, 61 to 611
ms Norwegian Trunk Railway, 1 dis to k prem.,
Swell* Railway, k. to k prem.; Chiriqui
Read, kto k prem.; Isle of Wight Railway k to
prem.; Wimbledon and Croydon Railway, 11 to lai
prem.; Bank of India, Australia and China, a to t
r,... : West End and Crystal Palace Railway,
MB to par; Ebro Canal, a to 1 prem.
Madrid letters mention a report that the Spanish
government has contracted a loan for the sum of
millions sterling with the house of Messrs.
O' ea and Co., for tho purpose of carrying into
effeet the Aranjues and Valencia Railway.
The arrival of two vessels from Australia was re-
ported to-day, viz., the Victor, from Adelaide, and
the Carthagena, from Sydney, but we do not hear
that they have brought any gold.
The subjoined calculations show the rate per cent.
per annum yielded by our government stocks at pre-
sent prices. To render the results strictly accurate,
the proportion of interest which may have accrued
sines last dividend period should in each case be
taken Into account. It should also bo remembered
that the Three-and-a-Quarter per Cent. becomes a
Three per Cent. Stock in 1864.

let. per eat.
191e4. per annum.
Thew per Cent. f made
Tine per Out. &alum% Pbl 3 0 34
New Thraaaad-e-Quat ter ref Crate My 3 2 9
Book Mack Wield ad eila)Wd silks
nits .f /4 per emit pa wawa) 214 3 6 11
Lida 6a.ee. (di.. 104 per test. per
emerge) .
Eachrquer 3111 a, Marsh (151. 14d. per
aat. per day) .... 730. pa. 23 14