The Express.
London, England, 1852-11-09 00:00:00

MONDAY MYININO.
The English funds were firm to-day, though the
operations were exceedingly restricted. Consols did
not vary from Saturday's quotation of 1001 to 1 both
for money and Thursday. The arrangements for the
settlement of the account have as yet scarcely com-
menced, but the rate of continuation to the new ac-
count of the 9th December may bo called 1 to 3-16,
there being givers of' 1. 10-day's business list is
brief, comprising Three per Cent. Consols, for
money, 1001, 1 ; ditto for account, 1001, 4.
Three per Cent. Reduced, 991, 1. Three-and-
a-Quarter per Cents. 1031, 3. Annuities of 30
years,_ 1860, 01. India Stock, 274, 276. Bank Stock,
i•
The Exchequer Bill market is flat, sellers offering
rather freely. The March issue closed 735. to 765.
prem., being a reduction of Is. since Saturday; and
the same price was current for the Juno bills. India
Bonds remained ,uoted 84s. to 87s. prem., but with
a preponderance of sellers.
There is stilt no business of mach importance in
the foreign house. Mexican Bonds were again
better, and were quoted late in the afternoon 25,1 to
1. Peruvian stocks are firm, but Swedish and New
Granada were dull. Turkish scrip was rather steadier,
and after the regular hours was worth 2 to 21 prem.
It is presumed that the repayment of the money is
now secured, and consequently a few parties are still
found bold enough to purchase at a premium, with a
view to taking the "chances," or, in other words,
pinning then Midi to the "chapter of accidents." If
the scripholders, however, aro wise, they will not
forget that " union is strength," uor rest supinely on
their oars. Transactions arc recorded to-day as fol.
lows:—Austrian Five per Cent. Bonds, 811 (ex-
change fixed at, 1011. per g). Belgian Four-and-a-
Half per Cents., 931. Brazilian Old Five per Cents.,
101. Buenos Ayres Six per Cents., 801. Dutch
Tam-and-a-Hulf per Cents., 651; Equador Bonds,
41, 3. Granada One-and-a-Half per Cents., cx Dec.,
1819, Coupon, 211; ditto Deferred, 101. Mexican
Three per Cents., 251, 1 ; ditto for account, 16th
Nov., 251. Peruvian Deferred Three per Cents., 621,
1, 1. Sardinian Five per Cents., 971. Spanish
. New
Deferred Three per Cents. for account, 231, ; ditto,
Passive (Converted), 61. Swedish Mortgage Loan,
V 1 dis. Turkish Six per Cent. Loan, 2, 21, 11 prem.
enezuela Deferred One per Cent., 141, 151.
The miscellaneous share business continues very
active, and owing to the numerous new joint stock
undertakings submitted to public favour, the trans-
aetions in this department of the market must neces-
sarily become daily more important. Bank of Aus-
tralasia shares have been dealt in at 02; Bank of
British North America, 581; Colonial Bank, 154, ;
English, Scottish, and Australian Bank, 41; London
Chartered Bank of Australia, 34; Union Bank of
Australia, 53, 1; Union Bank of London, 181; Aus-
tralian Royal Mail Steam, 3, 31; Crystal Palace, 5;
General Steam Navigation, 281; General Screw
Steam Shippiug, 311; Netherlands Land Enclosure,
24. The shares of the Western Railway of Switzer-
land were in demand, and after the regular busi-
ness hours reached 14 premium. South East-
ern Railway of France shares improved to 1 to 11
prem. Ebro Canal shares were quoted 1 to 11
prem.; Chiriqui Road, to I prom.; Beziers and
Gmissessac Railway, 11 to 24 prom. • Bordeaux and
Cette Railway, 64 to 71 prem.; Royal Swedish
Railway, 3 16 to 5-16 prem.; French Crystal Palace,
in which a large business has been done lately, " to
4 1 prem.; Antwerp and Rotterdam Railway, to 1
prem.; Central Italian Railway, the capital ofwhich
has been chiefly raised abroad, 11 to 11 prem.; Isle
of Wight Railway, 1 to 1 prem.; Bank of India,
Australia, and China, to 1 prem.
A general meeting of the subscribers to the asso-
ciation for promoting tribunals of commerce is to be
held at the London Tavern on the 10th inst., and
interest is felt to learn the nature of the correspond-
ence which has passed on the subject between Mr.
Masterman and Mr. Lyne, who has been appointed
chairman of the association. The executive com-
mittee being now definitively appointed, all parties
interested in commercial law reform are especially
invited to attend.

A call of 21. per share has just been made by the
directors of the Australasian Pacific Mail btcam
Packet Company, payable by the Ist December. A
call of 1/. 10s. per share has alga been made on the
shareholders of the North and south Western
Junction Railway Company, payable by the 30th
November.

The city of Liege is proposing to raise a loan of
three millions of francs (120,0001.) for various public
works.

We understand Samuel Morton Peto, Esq., M.P.,
has joined the board of directors of the Upper India
Railway Company. 'Messrs. 0. I': Bidder and M.
A. Borthwick have been appointed engineers.
The returns of the National Bank of Belgium, as
made up to the end of October, show the following
results (25 francs for 11.)
Coin and bullion.... £1,811,177 Decrease £37,885
Portfolio
Circulation
Current accounts .. 1,910,776 Decrease 160,000
The changes exhibited in this return are not large,
but, on the whole, the tendency is favourable to the
industry of the country.
So great is the influx of coin into the Belgian state
treasury that the government refuses to renew trea-
sury bills that fall due except under exceptional

Letters from St. Petersburg received this day
mention a reaction in the exchange, which had fallen
to 38,1 to I. This will necessitate a cessation of the
shipments of gold from this side. The frost had set
in with great severity, and doubts were entertained
if all the vessels in port would be able to get away,
although a passage to sea was still open.
Tho Belgian Chamber of Representatives has
unanimously adopted the bill just introduced by the
ministry for withdrawing the 251'. pieces, and re-
placing them by a 20f. currency.
As we stated would be the case in tho Daily News
of Friday, the price of silver has again experienced
an extraordinary advance. The supplies brought in
by the Magdalena were sold to-day at Ss. Old. per
ounce for dollars, and Lis. 14d. per oz. standard for
bar silver. Tho total advance represented by
these figures on the prices realised at the
last sale is no less than Id. per ounce. This
sudden rise, which is unprecedented, within
the recollection of the brokers, is almost entirely
caused by the strength of the demand for India, to
which quarter almost the whole of these supplies is
going. We can also state that some considerable
parcels of French five franc pieces have been lately
sold at .51. 04d. per ounce, a very high price for this
article, yet at this rate the operation yields but a very
trifling profit. From this fact it will readily be seen
that the operation of buying French five franc pieces
for transmission to India is a very extraordinary cir-
cumstance' and consequently worthy of especial
notice. As surprise is frequently expressed tit this
extraordinary upward movement of the price of sil-
ver, and the causes of item much canvamicd, itmay be
as well t o mention that the movement is perfectly in the
due course of trade, and is chiefly., caused by the de-
mand for coin for circulation in our vast Indian
possessions, on its arrival in which the metal is duly
melted down and coined into rupees of the East India
Company. Looking to the rapidly increasing trade
of those huge territories, and the stimulus that is
being given to industrial and productive enterprise,