The Express.
London, England, 1852-12-13 00:00:00

It If

los:bore of hoer
Upper India &rip
IW.t random _

1)0.o3 per Oa Pea*. i
‘farrt • Fr ot.
r.

I wroani of

4 c
NI pm
Si if :El
per 1 pm

111
I I
I I
V gm
'I $I P=

111 377
1 44 gris
I I Pal
114 22
12 124_

3 I D.
3i 6/
f .14 1 rill
104 11 11116

'2l 12
i Int

MONEY MARKET.

SAIVROAT EVINIMO.
There was scarcely a sensible variation in the
English stock market to-day, but, on the whole,
prices were a shade stronger. Console were to-day
quoted with the dividend off at 1004 to 1 for the
account of the 18th January, a price which is equiva-
lent to 1014 to ; with the dividend. For money
there were dealings at 1011 to ~ inclusive of the
dividend. The money quotation of Consols, it will
be remembered, is no criterion of the state of the
market after the closing of the transfer books. The
other classes of the home debt are firm, with a quiet
business. The official report embraces :—Three per
Cent. Consols, for money, 101 f, .1, ?„ with dividend ;
ditto for account, 10(:)4, 1, ex div. Three per Cent.
Reduced, 1004, f. Three-and-a-Quarter per Cents.,
1034, 101. Bank Stock, 2234.
The market for the floating Jett continues unsettled.
Early in the day there were purchases of the June
Exchequer Bills at 66e. prem., being a slight rally,
but the price of both March and June finally left off
quoted 60e. to 05s. prem., an unusually wide margin.
In India Bonds there were purchases ut 52e. preen.
In foreign stocks the transactions continue few.
Peruvian and Mexican Bonds were rather dull, and
Portuguese better. Spanish stocks closed rather
flat. -Bargains are marked as follows :—Austrian
Five per Cent. Scrip, 101 prem. Brazilian Four-
and-a-Half per Cents., 984. Mexican Three. per
Cents., 241. Peruvian Active Six per Cents., 1051;
diftn:Deferred Three per Cents., 66,651. Portuguese
Converted Four per Cents., 391; ditto for account,
16th of Dec., 40. Russian Five per Cents., 1191,
Spanish Old Three per Cents., 5l; ; ditto New De-
ferred Three per Cents., 241, 24; ditto, for account,
24 ; the Committee's Certif., 3:i per cent. Turkish
Six per Cent. Scrip, 14, 2 prem., Vene-
zuela Three-and-a-Hull per Cents. 42. The advices
from Constantinople, to the effect that the English
and French ambassadors have accepted the Sultan's
offer of reimbursing the capital of the Loan, together
with interest, have had little effect upon the price of
Turkish Scrip.
The transactions in miscellaneous shares continue
very numerous, but the Australian banks are
flatter. The dividend to be declared at the approach-
ing meeting of the Union Bank of Australia proprie-
tary iscurrentiyest inflated at full 15 per cent. per annum.
There have been a good many inquiries lately for
shares in the various Australian land companies,
heretofore so neglected, it being considered that all
such property must materially improve in value
from the vast amount of movement both in com-
merce and emigration at present observable in that
quarter, and which promises to go on steadily increas-
ing. There is also a chance,—and some people think
it far from remote,—of valuable auriferous deposits
being discovered on some of these estates. On
the property of the Australian Agricultural
company the precious metal has been actually found.
Tie upward movement in these shares, in those of
the Colonial gold mines, banks, land, houses, and
every other description of invcstmeat, comes in con-
firmation of the remark we made some time ago, that
all Australian property must experience a vast in-
crease in value in the altered circumstances of those
now important colonies. It is, indeed, apparent to
all discerning men that a gigantic movement is in
progress in connexion with Australia, the ulti-
mate results of which, whether in a commercial, poli-
tical, or social point of view, almost defy calculation.
A half-yearly dividend at the rate of 6 per cent.
per annum is advertised as payable to the share-
holders of the Bank of British North America after
the 4th of January. This is the usual rate of divi-
dend. The amount paid up per share is 501., and the
last price marked is 63.
Our report of the movement in the precious metals
this week is of considerable interest. The list of
imports comprises :-47,000 dollars by the Canada
and 157,000 dollars by the Pacific, both from New
York; 15,000 dollars by the City of Glasgow, from
Philadelphia; 698,000 dollars by the Royal West
India mail steamer Medway; 273,000 dollars by the
screw steamer Tamaulipas, from Tampico and Ha-
vana; 2,260/. in specie by the Madrid, from Gibraltar,
Lisbon, and Oporto; 36,9001. from Constantinople
and 3,5001. from Malta, by the Madras ; 4,0001.-by
the Hellespont, from Africa ; 12,0001. in bullion and
5 franc pieces by the Ravensbourne, from Antwerp;
and 60,572 ounces of gold by the Roman Emperor,
from Sydney. We are also advised this afternoon of
the arrival of the Fatima, with a further amount of
18,517 ounces of gold from Sydney. The Abberton
is also off the coast with dates from Melbourne to
the 28th August, and 15,000 ounces of gold. The
aggregate value of these arrivals is about 670,0001.
The Custom-house account of the amount of the
precious metals shipped direct from London during
the week ending Thursday last, is as follows :
Gold coin: To Port Phillip, 30,000 ounces ; to Ham-
burg, 8,000 ounces; to Belgium, 903 ounces. Silver
coin : To Hamburg, 13,729 ounces ; to Port Phillip,
1,000 ounces; to Havre, 100 ounces. Silver bars :
To Bombay and China, 38,656 ounces. This gives
a total of 38,905 ounces of gold and 53,485 ounces of
silver, of the aggregate value of about 163,0001. A
portion of the shipments to the colonies recorded in
this statement is, however, a repetition of the ship-
ments reported in the Express of last Monday and
to-day.
We are enabled this week, in addition, to report
exportations of the precious metals as follows, viz.:
by the Blundell 65,0001., and by the Patrician
55,4001., both for Sydney; by the Woodstock, for
Port Philip, 30,0001. ; by the Sir Edward Paget, for
New Zealand, about 1,0001. ; by the Tagus, for
Lisbon, 5,0001. in specie ; by the l'ropontis, for
' Africa, 9,8481.; and by the Severn, for Portugal and
the Brazils, 21,3131. sterling. The amount of coin
shipped by the Adelaide steamer, advertised to leave
London this day for Australia, is about 250,0001. On
summing up the total shipments of the week, we
have aa aggregate of 580,0001, chiefly to Australia.
There is consequently a balance of imports over ex-
ports to the amount of about 90,0001. Up to this
time, the demand for coin for Australia has very
nearly kept pace with the arrival, of bullion from
that quarter, but this state of things will in all pro-
bability not last much longer, as gold may
speedily be expected to come in much more rapidly.
The Australian steamer is expected to come in direct
from the southern colonies with a very large quantity
of the precious metal, as well as most important ad-
vice*, by the first or second week in January.
It is confidently stated that a commercial treaty
between France and England has already been de-
cided upon, and only awaits certain modifications
prior to being publicly announced. In France, the
duties on English coals, pig iron, and cotton twist
will, it is said, be modified ; the corresponding boon
being a reduction of the duty on the importation of
French wines into England. So far it would
appear that the exertions of the agents of the British
government are directed in favour of a treaty based
on reciprocity ; but this Principle, we can affirm, is
not advocated by the enlightened commercial firms
by which the present movement is supported. If
the reduction of the French wine duties, it is urged,
would be a beneficial measure to our industry—
if it would greatly add to the comforts of our
middle and lower classes, and yet without trench-
ing to any considerable extent on the revenue—let
the remission of these duties be at once concealed, on

I the simple principle of not encumbering ourselves
with unnecessary burdens. If the government of
France, it is argued, chooses to tax its citizens fool-
ishly, because unnecessarily, to the serious hiodrnnce
of trading movement, let it do so, but let not the
British government, with its experience of the be-
neficial effect,' of free trade, act a similarly foolish
part. We understand the number of members of
the House of Commons pledged to vote in favour of
a reduction of the wine duties amounts already to
thirty-five, whilst the movement is daily increasing
in strength. Disappointment has been expressed
at the absence of any mention of the wine duties
in the financial speech of Mr. Disraeli; but in ex-
planation of this, it is urged that to make mention
of the French treaty prior to its provisions being
fully decided on, would be a breach of official
etiquette. In the wino districts of France there is
a decided manifestation of sympathy with the pro-
moters of the wine duties agitation here. We am
informed front Bordeaux that Mr. Chisholm Anstey's
report on the subjeA has been translated and distri-
buted by the Chamber of Commerce to the inhabi-
tants and municipal council. In the sitting of the
municipal oouncil of the 17th alt., a motion for call-
ing the attention of the French government to the
subject was unanimously agreed to; and on the
29th it was resolved that the above mentioned deci-
sion should be printed and distributed throughout
the towns in the south, with a view to inducing them
to make common cause with the people of Bordeaux.
A perusal of the French journals shows that public
attention has been effectually drawn to the subject,
numerous quotations being given from :he public
press of England in favour of the reduction of duties.
The Railway Times estimates the gross traffic re-
ceipts for the whole kingdom since the Ist of July as
follows :

Aggregate amount No. of Average receipt
received. miles open. pier male.
18.12
18.51
1850 .. 6,073,759 .., 5,973 .... 1,017 4 0
The Irish Bank returns for the four weeks
ending Saturday, Nor. 27, are as follows :

Circulation
authorised.

°La
Averse
Circuit.
lion.

T..tat
Average
&mown
of Com

473,133
22,,541
227,417
64,1t4
124,295
20,0G1