The Express.
London, England, 1852-06-07 00:00:00

'PO

N

MONET MARKET.

SATVILDLY EVINIMO.

This has been a very dull day in the Stock
Exchange, no appearance of briskness being observ-
able in any department. Consols were steady
throughout the day at yesterday's closing range of
1001 to 1, both for money and Wednesday, the pre-
parations for the settling on which day are begin-
ning to engage attention. For the opening of the
16th July the quotation is 1001 to 1, the "continua-
tion" ruling at 3-16 to 1, inclusive of the income
tax. The other home storks remained at yesterday's
figures. Bank stock is rising, and to-day reached
2221. This stock is at present in much
favour with investors, who urge that even at
the present high price, and taking the average
annual dividend at only 7 per cent., the net return
is 31. 3s. per cent. per annum, or several shillings
more than is yielded by consols, which are rubject to
a reduction of interest. The following are today's
sales :—Three per Cent. Console, for money, 1001, 1 ;
ditto for account, 1001. Three per Cent. Reduced,
991, t. New Three-and-a Quarter per Cents.,
1021,1. Long Annuities, 1860, 6 15-16; ditto, 30
years, 1850, 61, 11-16. Bank Stock, 222, 2221.
There is lees hominess doing in the floating debt,
but the late rise is maintained. ThelidarchExchequer
Bills are quoted 80s. to 83s. premium. In the June
bills there is, of course, • temporary cessation of
operations, the arrangements for their renewal being
in process of being carried out. India bonds of the
smaller sizes were sold at 88e. premium.
There is no buoyancy in the foreign stock market,
and the transactions in this department were also
very quiet. Austrian scrip and Mexican Bonds were
a trifle flatter, prices of other securities exhibiting
scarcely any variation. The bargains are thus staled :
Austrian Five per Cent. Scrip, 1, 1 prem. Buenos
Ayres Six per Cents., 721 ex div. Chilian Six 'per
Cents., 101. Dutch Two-and-a-Half per Cents., 621,
62; ditto Four per Cent. Certifs., 934. Granada;
One-and-a-Half per Cents., ex Dec, 1849, Coupon,
201; ditto Deferred, 8. Mexican Old Bonds. 311,
I; ditto New Three per Cents., 25, 1, 241, 25. Pe-
ruvian Actives, 103; ditto Deferred Three per Cents.,
63. Portuguese Five per Cents. (Brazil guarantee),
99, 1. Spanish Old Three per Cents., for account,
lath June, 48, 471; ditto, New Deferred Three
per Cents., 211, 1 ; ditto, Committee's Certifs., 21
per cent. 1
Monday next (the 7th instant) has been appointed
special settling day in the Stock Exchange for the
second allotment of 151. preference shares of the Ox-
ford, Worcester, and Wolverhampton Railway
Company.
The money market remains as last reported, That
is to say, extremely easy. As the Bank of England
has not issued any notification of the rate at which
it will make its usual advances on stock during the
next shutting, an impression prevails that the dtrec-
tors propose maintaining the rate at 2 per cent.,‘the
same as last time. Should this policy be adopted,
however, it is probable the business of the institution
from this source will be considerably less extended
than usual. The market is certainly easier tharf on
the occasion of the last shutting, and as the disedunt
rate has been reduced since then, reason- is
afforded for the expectation of a corresponding
reduction in the charge for advances' on
government securities. Although there are symp-
toms of money coming into increased employment,
there is no probability of any, even temporary,
tightness; and the approaching dividend payments
will tend to keep the market terms low, at the same
time that they will further add to the amount of
employment-seeking capital afloat. A great pciftion
of the sums that will be disbursed on govern pent
account at the beginning of next month, it shodJ4 be
remembered, will come into the hands of small
holders, whew inceine depends, to a certain three,
upon the speedy re-investment of their calfital,
so that the prospects of the general secciiity
markets must be: considered decidedly pod.
Meanwhile the calls upon the market from all sources,
although many enterprises of a miscellaneous cha-
racter are at present afloat, are unusually small, Rtesn-
sidering the temptations offered by the low
:
current. During the last few weeks, however, ere
have been rather more decided indications of a ievi-
val of speculative feeling, and a consideration of the
manner in which the new media of investment 'are
received is extremely creditable to the good sea# of
the community. The fears at one time entertained
by the alarmists that the rage for gold mining com-
panies would lead to a vast amount of speculation,
expenditure, and ruin, have received their quietus,
as the total amount of capital invested in the deve-
lopment of the gold fields cannot be estimated at
more than a million and a quarter sterling, and the
whole of the interest represented by these companies
is now decidedly depressed. The experience of the
last few weeks would tend to prove that objection-
able foreign loans have likewise no chance of success
in this market, and it is to be hoped that all attempts
of speculators to foist upon the public schemes con-
nected with foreign, and more especially with trans-
atlantic enterprise, will equilly find their just level.
Ikis not improbable we may hear, ere long, of a
great extension of enterprise in connexion with
United States railways and other projects; but no un-
easiness is to be apprehended in the present cautious
mood of our monied men. _

In furtherance of the emigration movement which
has now so evidentlyl commenced, the emigration
commissioners have just issued notice that they are
ready to receive tenders for the supply of four first
clam ships, to convey emigrants to New South %Wes,
Victoria, and South Australia. The vessels onto be
ready to receive passengers on the under-mentiotted
dates, via., for Sydney, on the Bth July; fur Port-
land Bay, on he 12th; for Geelong, on the 15th
and for Adelaide, on the 19th. These vessels ;will
all either sail from or call at Plymouth for
gers. The tenders are to be sent in by Tuesday
aey
next.

The imports of bullion and specie this week com-
prise 676,000 dollars, chiefly in silver, by the
Europa from New York ; 9,137 ounces of gold,hy
the Stratheden, from Sydney ; 1,6401. by the Penin-
sular and Oriental steamer, Madrid, of which 1,4201.
was from Gibraltar, and 120 f. from Oporto ; 50,000
dollars in gold by the packet ship Ameilean
Congress, from New York ; 60,000/. in gold by -tke
Wellington, from Australia ; besides some mall
amounts by the Elizabeth Thompson and the May
Queen, both from the same quarter. The tbtal
value of these imports may be stated at about
220,0001.

The exports of specie direct from London during
the week euding Thursday last amount to 99,730
ounces and 3,0001. in silver, and 1,284 ounces and
16,2931. is gold, the aggregate value being about
48,0001. the account in detail is as follows
see coin: To Rotterdam, 9,000 ounces; to Cape
Coast Castle, 3,0001. Silver bars: To Rotterdam,
64,000 ounces; to Dunkirk, 4,000 ounces; to Ham-
burg, 14,932 ounces; to Boulogne, 3,000 ounceet to
Hautboy, 4,778 ounces. Gold coin: To Belgiunti
=now ; to Dunkirk, 34 ounces; to Port Philip, this
Cape of Good Hope, and Sydney, 1,200 ounces aad
16,2931.
In addition to the above exports, the Australian
steamer has just taken out specie to the amount of a
quarter of a million sterling, and a further sure' of
8,7211. was shipped by the l'arana for the Wait
Indies. The total exports from the kingdom sto
thus raised to rather more than 300,0001. Other
small shipments of coin are known to be in program
by the numerous vessels sailing for Australia.
An analysis of the railway traffic returns of the
United Kingdom for the last week, published by
Herapatles Journal, shows the following results:
Aggregate Average
amount No. of miles riceipta
received. open. per mile.

1852 £161.038 ... 8:649 ....'£4s 15

1851 281,389 ... 8.372 44 6

18.50 267,015 .... 6,743 .... 16 to
This shows • an increase of IL 10e. per mile per
week over the corresponding week of 1851, and a de-
crease of 15s. per mile on 1850.
The Railway nines estimates the total receipts

upon all the lines in the Kingdom since the Ist of
January as follows:
Aggregate Average
amount No. of miles receipt
received. open. per mile.
1852 .... £5,609,896 .... 6,618 .... £B6l 6 9
1861 .... 6,282,907 .... 6.278 .... 841 910
1860 .... 4,786,783 .... 6,741 .... 833 16 ei
The result is an increase this half-year of
191. 16s. 101 d. per mile 0111851, and of 271.10 x. 'ltd.
per mile on the year before.