The Express.
London, England, 1852-10-28 00:00:00

MONEY MARKET.

WEDS ISDAY Evasion.
Tho English stock market remains steady at former
prices. The banana is almost entirely for money,
speculation being at a standstill in this department.
Ihe government broker continues to take parcels of
Reduced Threes off the market. Conics were quoted
throughout the day 1001 to 5 for money, and 1001
to ?,for the 11th November. The official list of
transactions embraces—Three per Cent. Console, for
money, 1005, 1, • ditto, for account, 1005; Three
per Cent. Reduced, 994, i; Three-arid-a-Quarter per
Cents., 1031, ; Long Annuities, 1860, 61, 7-16,
9-16, 7-16 ; ditto, 30 years, 1869, 65; ditto, 1860,
6 11-16, ; ludia Stock, 2741, 2731; South Sea
Stock, 1111.
Exchequer Bills, both March and June, continue
quoted 755. to 78s. prem., but there was a sale of
the latter issue at 745. prem. Of India Bonds there
were sellers at 85s. prem.
The foreign stock market was dull, and in several
of the speculative deseeptions prices were marked
rather lower, including Granada Deferred, Mexican,
and Turkish. The scrip of this last named loan was
better in the morning, being done at 4 prem., but it
gradually fell to 21 and 21. After the regular busi-
ness hours the price again rallied to 4, and finally
closed 3to 31 prem. Telegraphic despatches from
Trieste, dated the 25th of October, were published.l
stating that the loan had been definitively rejected,
but the Constantinople date was not given. The
French papers now give due prominence to this loan
question, and whilst deprecating, and very justly, the
essamption of hasty conclusions from the imperfect
intelligence that has yet been published, they
yet no not scruple to attribute the entire
difficulty to the intrigues of Russia, so that the
question may now be fauly said to have a decided
political bearing. The Marquis de Lavalette, it
appears, is exerting himself strenuously in the inte-
rest of the emipholders, whilst the proceedings of
Colonel Ruse, the locum totem of Lord Stratford de
Radcliffe, are referred to as being in a directly con-
trary direction. It is even reported in one of the
French journals that the French ambassador had
intimated that, unless the question were decided in
a satisfactory manner within seven days, he should
demand his passport; but this statement is repre-
sented as coming by way of Belgrade, and re-
quires confirmation. The dealings in this secu-
rity, as in other classes of foreign bonds, are
being duly. brought to a settlement, the
account expiring on Friday. The rate paid for
carrying over Turkish scrip was generally 1, or
equivalent to about 11 per cent. per annum. The
other new loan, the Swedish, was also greatly de-
pressed, falling from 1 to 3 dia., and being last called
21 to 21 die. Itis,however,ditticult tobelieve that this
depression can be produced by bond fide realisations.
To-day's official business report is as follows :—Bra-
Milan Old Five per Cents., 1005; Ditto Small, 1001;
Ditto Fonr-and-a-Half per Cent. Scrip, 11 pram.
Buena Ayres Six per Cents., 80. Chilian Three
per Cents., 76. Dutch Two-and-a-Half per Cents.,
641; Ditto Four per Cent. Certificates, 961. Ecua-
dor Bends, 5. French Three per Cent. Itentes, 81f.
and 80f. 50c. (exchange, 25f. 20c. and 25c.). Gra-
nada Deferred Bonds, 114, 11. Mexican Three per
Cents., 24f, i; Ditto for account, 16th Nov., 244.
Peruvian Actives, 103 ; Ditto Deferred Three per
Cents„ elf. Portuguese Converted Four per Cents.,
371, 381. Sardinian Five per Cents., 974, 1. Spanish
New Deferred Three per Cents., 251. 1. Swedish
Loan, 1, lf, 3, 21 dia. Turkish Six per Cent. Loan,
4, 21, 31, 21, 3, 24 prem.
The miscellaneous share business includes Bank of
Australasia shares at 591 anddiv.; ex English
and Scottish Bank, 41; London Chartered Bank of
Australia, 31 ; London and County Bank, 25;
Provincial Bank of Ireland, 461; Union Bank of
Australia, 501; Netherlands Land Enclosure, 25;
Peninsular and Oriental Steam, 861; Royal Mail
Steam, 79 ex div. Upper India Railway sham are
quoted 1 to 1 prom; Antwerp and Rotterdam, 1
to 1 prem.; Bordeaux and. Cette, 5/ to 1; Begins
and Oraimessao, 11 to 11 prem.; Royal Swedish
Railway, 1 to 1 prern. ; Norwegian Trunk, par to 1
prem.; Chiriqui Road, to prem. • Isle of Wight
Railway, to prem.; &tread and prem.;
Rail-
way, to 1 prem.; Wimbledon and Croydon Rail-
way, 11 to 1/ prem.; Bank of India, Australia, and
China, 1 to 1.
The Atlantic has brought in from New York specie
to the value of 382,000 dollars, or about 76,4001. The
amount of gold brought in by the Lima from Mel-
bourne is stated at 34,813 ounces, worth 139,2001.
The John Oldham has also arrived from Adelaide,
with the small quantity of about 500 ounces of gold
on board. This vessel left the colony on the 13th
May.
The suggestion contained in tho subjoined letter
from a correspondent has formed the subject of con-
versation in several quarters to-day:
VUttleltiii LOAN.

TO Till SDITOtt OF THB
Sir,—As I was the first to call for • production of the
Orman on the authority of which the Turkish loan wu
stated to have been contracted,—allow me now to state that
I gong differ with blears. I) as to the expediency of
producing that document, for on its production will turn
the liability of the Turkish government. 1 suspect the
matter will end thus,—that the Turkish government will
not ratify t►e bargain !rude between the Bank of Constar'.
tinople and the coutructon, but that they will authorise •
loan to be contracted on the terms the present loon was
issued to the public here, giving the holders of the present
scrip the option of subscribing for it ; that is to say, receiv-
ing the present scrip in exchange for the new scrip at par.
This probably will be found to meet the jostles, of the rue.
IL I
The prices of stocks at Amsterdam, on Tuesday,
are thus reported by Mr. Renter's telegraphic ex.
press:—hutch Four per Cent., 93 1.16; ditto, Two-
and a-Half per Cent., 63 3-16. Spanish New Ile.
(erred Three per Cent., 23 3-16. klexican New, 23.
l'ortuguese New, 37 13-16. '
'lle following statement, prepared and condensed
from various official returns, will he found to present
an intelligible clew of the note circulation of the
United Kingdom, and of the coin and bullion held
h) the banks indicated, both positively- at the dates

Showing a decrease ef 339,094 L in the note cir-
culation of England and Wales, and a decrease
of 63,2261. in the circulation of the United King-
dom when compared with the returns for the previous
four weeks, ending the 4th of September.
On comparing the above returns with the fixed
issues of the several banks. we find Ulu tbliowing to
be the state of the circulation :
The fixed issues of the private banks of England
and Wales being at present, after deducting those
which have ceased to issue, 4,698,0751., it follows
they were below the amount 1,162,0741.
The fixed issues of the joint-stock banks being
3,409,91471., it follows they were below the amount
476,890 t.

The fixed issues of the Scotch banks being
3,0147,2001., it follows they were above the amount
155,8524, but with specie in hand to cover the excess
and issues for 341,687 i. besides.

The fixed issues of the Irish banks being 0,354,194/,
it follows they were below the amount 1,47t4,788/.,
with
,specie in hand to corer issues for 1,102,556/.
more.

We find, therefore. that the note circulation of the
private and joint stock banks of England and Wake
was 1,618,96-l/. below the amount authorised to be
issued; and that, inclusive of Scotland and Ireland,
the circulation was on balance, 2,761,9001. below the
fixed amount.

The average amount of coin and bullion held by
the Bank of England in both departments dining tho
four weeks ending the 2nd inst. was 21.781,436/.,
showing a decrease on the previous month's return
of 1.10,0691.

The average stock of specie held by the Irish
hanks during the same period was 1,102,3,7k6/., being
a decrease on the return fur the previous four weeks
of 49 1001. ,

The average of specie held by the Scotch banks
during the same term was 897,5394 ; decrease on the
previous month, 4,6101.
In the item of specie these returns consequently
show on balance a decrease of 163,779 f. on the month.
Compared with the corresponding period of 1851,
the returns under review show the following differ-
eneee in the circulation:

Oct. 4,

Vet. 2
ISM

Toms'. Deueuie.

91,318,98 ti
a 316 00
7,913,0.4:

t j t
2,774,370 -
:09,1431 -940,11:31

St, 1111.07
448.04

i;irs;i

34,716,64. I

a,232,62:1
Y 711,7

~.:.~~i

.4,14:4441

Showing an increase of 3,232,026/. in the note circu-
lation of England and Wales, and an increase of
4,167,983!. in the circulation of the United Kingdom
compared with the returns for the corresponding
period of 1851.
The yearly comparison of the stocks of coin and
bullion held stands thus :
Bank of England, more £6,990,914
Scotch banks, more
Irish banks, less £177,201

Deduct Irish banks

£7,156,006
177,204

Increase on balance, Oct. 2, 1&52

THIS DAY.--Two o'Ctocx.
The English stock market opened fiat to day, bat
has since improved, and now wears an improving
appearance. Consols have been sold at 100,1, and
purchased at 100: for money, and are now quoted
100! to both for money and the 11th of November.
The Three per Cents. Reduced mark 99: to 1; the
Three-and-a-Quarter per Cents., 103,1 to 1 ; Indian
Stock, 273 ; Long Annuities, 6 7-16 to 4. The June
Exchequer Bills are quoted 745. to 775. premium.
Turkish Scrip has experienced a decided reac-
tion, as after being first done at 2 premium, it has
gone steadily up to 5y premium, and is now
quoted 4i to 5 prem. The scrip of the
Swedish loan has also rallied to 1 dis. Spanish stocks
are heavy, and Buenos Ayrean very firm. Spanish
New Deferred Threes mark 25 to ; Buenos Ayrean,
81 ; Sardinian, 971 to I.

Sank of Eisend 19.174.411
Prism* banks
Joint-10=k banks ..._. 2.814.7911
Total In Ragland 1.3,1614033,‘
Scotland
Ireland
linked St•STAS6I