The Express.
London, England, 1852-01-24 00:00:00

mumeY MARKET.

THIS DAY.

Two o'CLoca.
A feeling of extreme depression pervaded every
department of the Stock Exchane to-day, mainly
founded on the very unfavourable interpretation that
is almost universally put upon the measures of the
present French executive. The feeling of mistrust
of the stability as well as the policy of Louis Napo-
leon'. government, is gradually becoming deeper, and
that sensitive borumeter of the political atmosphere,
the stock market, is sensibly effected.
Consols opened at a further decline of „t on the
depressed rates of yesterday, being first called 931,
to 96, and after being maintained for a short time
at 96 to k, have since returned to the first quota-
tion, the rate for cash and time being nearly iden-
tical. At 96 stock is freely offered. As compared
with the range of last Saturday, the ptcsent quota-
tion shows a full of per cent. To-day's business
list is as follows:—Three per Cent. Consols. 96, k,
954, 96,1-, 931 ; ditto for Account, 931, 901, 93Z, 96;
Three per Cents. Reduced, 961, 'l, I ; New Three-and-
yolk
a-Qsarter per 6/ Cents., 98, 971 ; Annuities of 30
1669, .
ThrorliklePsi assessitise, after bake steady for
IMOllsse, Me show symptoms of weakness. Ex-
silmosr Bills have receded Is., having been freely
Nit at 655. to 645. prem. In India Bonds there is
namely any business offering.
Very few transactions have occurred in the foreign
Investments, buyers keeping out of the market, and
speculators today being quite inert. As in the
English funds, the tendency is decidedly in favour
of lower rates, though at present,from the paucity of
business, the extent of the decline cannot be fixed.
Dutch bonds hare been sold at a lower figure The
bargains effected are restricted to the following stocks,
viz.: Belgian Four-and-a-llalf per Cents.,9l , 911, 92.
Dutch Two-and .a-Half per Cents., 58; ditto Four per
Cent. Certificates, 90. Russian Five per Cents., 1121 ;
ditto, Four-and-a-Half per Cents., 100, 1,. Sardinian
Five per Cents., 89, 88. Spanish Actives, 231;
ditto, Old Three per Cents., 41, 1.
The unfunded securities, notwithstanding the
general alarm prevailing, have remained steady, as a
temporary investment for funds is required. The
official statement of the day's transactions is thus
reported: Exchequer Bills, 1,00 W., 695., 565.
prem.; ditto 5001. and Smell, 565., 695. prem. India
Bonds, 1,000/. and under, its. prem.
The following correspondence states officially the
circumstances under which the negotiation of the
Spanish Coupon Certificates is now taking place:

Committee of Spanish Bondholders, 3. Clement's.lanc,
Lombard-street, Jan. 6, 1852.
To the Chairman, Deputy Chairman, and Committee for
General l'uapores, Stuck Exchange.
-

Gentlemen,—As chairman of the committee of Spanish
bondholders in London, I beg to submit to your considera-
tion the inclosed document. It is one of a series issued by
this committee, to endeavour to remedy the evil occasioned
by the Spanish government having deprived the bondhold-
en of 60 per cent of the value of their coupons. This
committee is a body recognised by the Spanish government,
and were permitted by them to issue these certificates, and
these certificates are an authentic record that the govern-
meat of Spain has deprived the bondholders of half their
overdue interest. This committee hope at some future
time to induce the Spanish government to fund these certi-
ficates in the New Deferred Three per Cent. Stock; and if
the committee of the Stock Exchange can give them cur-
rency by allowing them to be quoted in the official lists, it
may greatly facilitate this desirable object. The terms
granted by tho Spanish government were acceded to under
protest, and this committee holds the acknowledgment of
the Marquis of Miratiorcs, Spanish Minister for Foreign
Affairs, of tho receipt of the protest, which was sent by
this committee through our ambassador, Lord llowden, to
the Spanish government, thus preserving the right of the
bondholders to claim the remaining portions of the arrears
of interest in the New Deferred Three per Cent. Stock.
Requesting your attention to this matter, 1 am, gentlemen,
with much respect, your most obedient humble servant.
- - - -

Chairman of the Committee, dm JAG. CAr;L.
Committcc•room, Stock Exchange, London, Jan 12,
18.52.
_ _

Sir,—l beg to acknowledge the receipt of a communica-
tion, dated the 6th instant, signed by you u chairman of
the Committee of Spanish Bondholders, requesting that the
certificate' issued by that body representing the 50 per cent.
of overdue Coupons detained by the Spanish government,
in the recent conversion, might be quoted in the official list.
A special meeting of the committee of the Stock Exchange
wu held this day for the purpose of taking this application
into consideration, and I am instructed to inform you that
it was resolved unanimously that "The certificate' of the
Spanish bondholders' committee for 50 per cent. overdue
Coupons Conversion, Mil," be quoted in the official list.—
I have the honour to be, air, your obedient servant, GE°.
Winn, Secretary.
James Capel, Esq., Chairman of Committee of
Spanish Bondholders.

The demand for foreign bills yesterday was consi-
derable and the supply but scanty, so that the rates
showed a decline for Paris, Amsterdam, and Vienna.
Short Paris was done at 25.221 to 25; ditto three
months at 25.40 to 421. Amsterdam was not much
in the market, and purchasers were obliged to pay
11.181 to j. Hamburg was likewise in request, but
last post's rate was maintained ; it closed 13.101 to
For St. Petersburg the rate was 361, bills
offered at a fraction above remaining unsold. Drafts
nu Italy showed no variation from last poses prices.
Spain was hardly so high, but for Oporto and Lisbon
many takers came forward at the rate of 521 to 1.
Vienna and Trieste were quoted lower, viz., 12.20 to
32, but the actual negotiations were extremely
limited. The prices negotiated were as follows:
Prices seigotieted.
Prow To
Amsterdam pars priori 111. 110.117istv.
Ditto
Dotted=
ilan- " sad
Atl°"
per ZIO " IrDintr'."chl.ll2lrOnkr.i"
part" / 1121.51..211trr. 115.23 k,.3
.
"„
25fr. 40c.. 25fr. 421 e.
23fr. 40e 95fr. 4' e.
42 e.

loam—
Irises
Antwerp
Brussels

Ghent
rads

28tr. 400. ...
23!'' rile. ... tbh. 36i;t

• s
„ „ Mr. fUa ... Mr. 4Se.

▪ 25fr. 400. ... 231 r. 43e.
Lyme ~......... • Ult. 40a. ... 25fe. 450.
Marceline ...„..... " - M. 40e. ... 23tr. 450.
Genoa „...... IN le flier. 57,e. ... 231 e. 15140.
Licence• War. Sem ... bole. 874 e.
/2,7.0 ...ioW• Imes* ..
464 ponce .. 404 pence
per ounce " 1:0 pence ... 120,pesee
Messina
Madrid per calla: „ 49 penes ... 494 pence
Cants
Mange „ „ 49 pence ... 80 pence
„ pence ... 601 peace
Gibraltar „ „ 4911 pence ... 00 pence
grope ....... .........
Bereeksa. " „ 491 prim ... Xi pram
Lisbon per nem „ 5: pence .. 6 pence
()canto „ „ 32 pence ... 32 penes
el. Petenbung per Table „ 364 venom ... 116 15.16 pence
Tho account of the position of the Bank of Eng-
land for the week ending Saturday, this 17th of Ja-
nuary, is as follows :

BANK OP EAol427l.l.—Accootor for the week smilax Jam. 17. 1E52.
DIPASTMtIt.
Nolo. brawl 431,161,176 tOovenheeet Debt.— L11.01`.110
Other Seeterttlet telltie 0
Gold Coto aotl Willem 17.177.000
telvee Galen .
C 31,151,175

£11.161.174
DA/{IIO Di
Preprisiors' 0v1tn1....4714,1161.101
tat . . 3.247.701
rulatl4.7l4:4sl44llll4itid:
t1:46,61. of fatloed
DOA, an..l HIT. ANIL) 4.715357
Other IFy.rrdu . . 11.648.77.3
,444411,1,114ad0416.1414 1.171.74.5

tlowerososat Peewitla
docad. Peal Wulight
Aunnbtyl . S131(0.0113
Otberdecuritlus 11.3/16.7)i
:lota . ' SAO
Gold 6T3,711

14.5,344. 376
Jan. M. ISA 434344,3701 K. MARBIIALL,
Chkf
o•Phief
Compared with those for the week preceding these
returns exhibit the following changes:
Circulation issue £31,151,175 Increase; £121,080
Circulation active 21,038,335 Increase. 796,8.55
Public deposits 4,715,153 Decrease 577,4'1
Other deposits
Oovernment securities in
banking department 13,269,098 Increase 35,335
Other securities in banking
department
Coin and bullion in both _ _

.departments
Raven day and other bills 1,171,745 Decrease 9,76'2
The Rest
Ths Reserve
These figures exhibit the effect of the continuance
of the dividend payments, the second week of which
is embraced in the above return. The extraordinary
upward movement of the stock of bullion still forms
the most interesting feature. Notwithstanding the
large payments that were being made by the bank,