The Express.
London, England, 1852-03-22 00:00:00

SATTTIDAT
Although the feeling of dissatisfaction continues
general at the state of suspense in which the great
oommergial and industrial interests of the country
are left. pities it is generally considered that the
government is powerless to inflict mischief so ,far
any al in our commercial legislation is orin-
caved. the h stock market remains firm. The
tin Consols we at 984 and far
orrresysZ re
OSI, 4, and for account, and the price
left off quoted 984 to 4 for cash, and 981 to I for the
13th April. being the same as yesterday. The only
other stookt in was South Sea Stock, which
meshed, In this department bunions was dull,
bet and railway 'hares met with a
leggienmase of transactions than is usually noticed
sisliardow.
Isiimpter Bills remain at the late improvement,
66e. to 695. prem., but there was not so
to-day. Fcc India Bonds the rate is
74s toT.3.ptem.
In the foreign house the transactions were chiefly
in Buenos Ayrean, Peruvian, and Granadan Bonds.
Peruvian Deferred were bought as high as6l4. In
Buenos Arian there was a great fall, the price re-
eediag to tio and *lasing fle to 71. Compared with
61, the top prise to whin this stock lately attained,
there is shown a faller 111. per cent., but so narrow is
the market that operations of a comparatively trifling
character, exercise a marked effect upon the price.
The fall to-day was Mainly owing to a sale of some
5,0001. stock in the morning. Venezuelan Bonds
scarcely maintained the late advance. The com-
mittee s certificates for the half of the Spanish Cou-
pons not funded have been in more favour lately,
ranging at 24 to 3 per cent. As the dividend on the
New Deferred Three per Cent. Stock will be lost
unless the bonds are sent in for conversion by the
end of the present month, it is probable that this
operation will proceed more rapidly, especially as the
recommendation of the dissentient committee is in
the same sense, but up to the present period the con-
version appears to have been far from general. The
prices of to-day's sales are se follows : Brazilian Old
Five per Cents., 100, 994. Buenos Ayres Six per
Cents., 701; ditto for account, 31st March, 72, 70,
71, 68, 71, 69. Chili= Six per Cents., 1051 ; ditto
Three per Cents., 68. Danish Three per Cents.,
1825, 791. Dutch Two-and-a-Half per Cents., 601;
ditto Four par Cent. Certificates, 93, Ecuador
Bonds, 54. Granada One-and-a-Half per Cent.
Bonds, ex Dec., 1849, Coupon, 24i, 1, ditto
Deferred, IN, 1, 4. Guatemala onda 46. Mexi-
can Three per Cents., 321; ditto for account, 321.
Peruvian Five per Cents., 1849, 103 ; ditto De-
ferred, 61, 604, 61, 4, 61, 4 Portuguese Five per
Cents. (Brazil Guarantee), 99, 971. Portuguese Four
per Cents., 351, 35. Russian Foar-and-a-Half per
Cents., 103. Sardinian Five per Cents., 93, 924.
Spanish Passive Bonds, 64, I; ditto Old Three
per Cents., for account, 434, 43; ditto New De.
(erred Three per Cents., 19/, 4, ; ditto Committee%
Certif. of Coupon not untied; 21, 2.,2 per cent. V..
nezuela Three-and-a-Quarter per Cents., for =
count, 451, 45; ditto Deferred, 184, 4.
There is no change in the terms of the massy
market, the rate for loans on call being 14 pet into
and for discount of the best bills 2 per cent, The
tendency is evidently towards a further aosnonier
tion of employment-seeking capital, as the amend
for commercial requirements is much smaller than
usual, speculation in the various branch= of busi-
ness being checked by the absence of full ministerial
explanations. It is probable that the existing ple-
thora will be still more sensibly felt after the pay-
ment of tho various government and other dividends
falling due next month, and amounting to many
millions sterling. Rumours have been current
throughout the week of the Bank of Eng-
land, with a- view to relieving itself of sous
of its unemployed rooftrees, having engaged
in railway loan transactions, and lent half
a million to the London and North-Western
Company at 24 per cent., and a large sum to the
Great Northern at 3/ per cent., has been specially
mentioned. It is understood, however, that the re-
ports are without foundation. It is needless to point
out how sensibly the facility of raising loans at these
rates, would tend to the augmentation of railway
dividends, but the terms above alluded to, it is to be
feared, are more favourable than even the companies
standing highest in credit can at present obtain. A
railway contemporary, however, mentions that the
London and North-Western Company have lately
been taking up money to some extent at 31 per cent.
per annum.
Abroad the movement in favour of lower rates o
interest is in progress throughout the continent, and
will be further stimulated by the new French finan-
cial arrangements. At Paris the dividends on the S
per cent., 4 per cent., and 44 per cent. Rentes fall due
on the 22nd inst., and will throw a considerable sum
gloomy upon the market. Should political quiet
the low rates for money ruling throughout
and the United States may be expected to
give rise to snore than ordinary speculation during
the brines portion of the year.
Maw*, to the a•dal returns published in the
Gass* of Tooday, the total sots circulation of
all the FIT* banks of IRO* and Wales, during
the week ending the 6th of March, was 3,393,9671.;
in the week pranading, the amount was 3,373,6841.
There is oonasgmatly an increase of 20,3831.
The note circulation of the joint-stock banks during
the same week was 2,723,6471.; and the previous
week's return being 2,703,9931., the increase is shown
to be 17,6641.

On taking into consideration the active circulation
of the Bank of England, which in the week in ques-
tion was 20,237,3201. (being 286,1501. less than the
week preording), we find the aggregate note circula-
tion of England and Wales to be 26,344,934/, which
shows on balance a decrease of 248,1131., as com-
pared with the returns for the previous week ending
the 28th of February.
As regards the fixed imam, the private banks were
1,304,1081., and the joint-stock banks 088,3401. below
the amount authorised to be issued, making a total
of 1,990,4481. below the flied amount.

There is still nothing doing in the bullion market,
as the supplies by the Great Western, though de-
livered at the Bank of England, will not come into
the market till Wednesday next. As already noticed
by us, tho supplies by this opportunity are smaller
than were expected, a circumstance that is accounted
for by the shipment at Vera Cruz of some 800,000
dole. on beard the Abeona, the object in adopting this
unusual mode of transport being tho evasion of the
increased duty on the export of specie which has just
come into operation in tho Mexican ports. This
vessel may be expected to arrive at Southampton in
about three weeks. .

The imports of specie and bullion thy week have
been considerable, comprising 20,736/. by the 'feviot
from the Brazils; 1,533/. in gold dust by the Bos-
phorus Cape mail steamer; 1,047/. by the Penin-
sular and Oriental steamer Iberia (of which 600/.
was from Gibraltar, 2671. from Cadiz, and 180!. from
Lisbon); 6,000 dot/. by the Canada, and 60,000 dole.
by the Baltic, both from New York ; and 1,5'25,708
dole. by the Great Western. The particulars of this
last import are as follows :—Specie from Tampico,
801,931 dole. ; from Vera Cruz, 438,587 dole. ; for
account of the Mexican dividends, 74,289 dole. ; from
the Pacific, 17,289 dots. ; from California. 296,341
dol.; from Carthsgcna, 40,000 dole. ; from other
parts of the West Indies, 44,685 d,,la. The total
amount of the silver is 1,117,173 dole., and of gold
408,535 dohs. The aggregate week's imports thou
amount to close upon 350,0001.
The exports h. the aggregate are also large.
Direct from the port of Loudon wore shipped 101,500
ounces of silver, and 3,000/. in gold, during U e week
ending Thursday last, the total value being about
28,3001. The account in detail is as follows:
Gold coin : to the Mauritius, 3,000!. Silver coin :
to Rotterdam, 7,000 ounces; to Belgium, 61,000
ounces ; to Boulogne, 354 ounces. Silver bars : to
Rotterdam, 32,000 ounces ; to Belgium, 10,000
Mises; to Boulogne, 2,046 ounces.