The Express.
London, England, 1852-07-28 00:00:00

The bullion market presents no change, the arrival
of the Mexican packet being looked for. By this
arrival will come forward, in all probability, the
12,500,000 dollars of the American indemnity money,
consigned to the Messrs. Borings, the realisation of
which will probably have some effect upon the
market. Meanwhile present quotations are thus re-
ported by Messrs. Sharps and Wilkins :—Bar gold,
775. 9d. per oz. standard; bar silver, 50. 0:d. per
oz. stur.dard; ditto, holding 5 grs. gold, ss. 0!d. per
oz. ; dollars, 4s. 10Zil. per oz.; quicksilver, 3s. per
lb. in bond.

The announcement of the establishment of the
North of Europe Steam Navigation Company has
been received with much satisfaction, as it is
calculated to exercise a most important influ-
ence on our trade with the whole of that part
of Europe. Ilarwich, Lowestoft, and Great Grimsby,
ore to be the ports of arrival and departure in the
first instance, and we thus find that the project re-
ceives strenuous support from the railway com-
panies of the cast coast, the directors of which fully
perceiving the advantages that will accrue to their
respective lines, constitute the majority of the direc-
tion of the new association. The railway to Harwich
is in progress; the great docks at Grimsby are now
open ; and the undertaking becomes of additional im-
portance in connexion with the scheme of a great
railway from Rendsburg to Fredcrickshaven, and
between other points of the Danish territory, which
is now engaging the serious attention of the Danish
government and eminent engineers, and for the
execution of which, it is very probable, a consider-
able amount of English capital will eventually be
invited. Our system of steam navigation, like our
railway and telegraph systems, is as yet in a very
undeveloped state, and far-seeing persons anticipate
vast results so soon as the science of rapid and eco-
nomical inter-communication, by steam and elec-
tricity, shall have made more progress amongst
us. The influence that will bo thus exer-
cised in linking more closely together the vari-
ous nations of the civilised world, in stimu-
lating commerce, industry, and, consequently, the
production ce the necessaries and luxuries of life,
will be very great, and the effects will bo sensibly
felt by every class of the community. In the pre-
sent position of our money market undertakings of
an utilitarian character, like this, ought to receive
especial encouragement on all hands, as it cannot be
denied that our surplus capital will be thus much
better employed than in loans to bankrupt or dis-
honest governments supported entirely by military
force ; or in constructing railways in the back settle-
ments of America, which might probably prove re-
munerative years hence, when the resources of those
territories shall have become -more developed, but
must at present be regarded as premature schemes,
btought forward by parties whose interest stands too
evidently in opposition to that of English subscribers.
The following statement, prepared and condensed
from various official returns, will be found to present
an intelligible view of the note circulation of tho
United Kingdom, and of the coin and bullion held
by the banks indicated, both positively at the dates
of the accounts last made up, and comparatively with
the returns for corresponding periods :
The subjoined table gives the aggregate weekly
average of the note circulation of the United King-
dom, us it stood for the four weeks ending the 19th
and 26th June, and the 3rd and 10th instant,
being tho latest date to which the returns have been
colleethely completed for all the banks of issue; and
also the results as compared with the returns fur the
previous four weeks ending the 12th of June.

Jun* 12.
1652.

July ,a, .
DM 1180. Deoreswe.
1332.
Z I
211,100,1. 4130,339
3,4 0.931 63,9
3,806,310 -- 43,1191
-- ---
1111,357,6911 338,9 1—
3,313,2931 212,037
4,401,173 122,91
31,10',1193 131,331 —

Bank of
j
Private ....
Joint duck batiks
Total In Engird ......

Ireland ..._.._1

VeltedKlandsa.

Showing an inmease4 622,3531. in the note cir-
culation of England and Wales, and an increase
of 1.57,5311. in the circulation of the United King-
dom when compared with the returns for the previous
four weeks, ending the 12th of June.