The Express.
London, England, 1852-12-06 00:00:00

M 11.0
rrer4=111:110;)
111 II 11.11ars 0 Ilmoss..
PO 911 Ds 901.11 pot 0.
(kr B. k AMR= 00.)
10 all Nerwegiss uk War.
IS II furls and =Tr ?
10 10 Psris sal ...
U 10 Peri ird ism ...
10 ID fads eel
10 4 ParkhOm9
IN SI Illirmd
111 90 ass sai limn ..
II IC ea alms—
-10 4 of huts
110 L. Uwe 1•0611010
II all Wet fleMilm...
ft 9 Weimer Preasi...

IT 114 oe
V. So__

:re
pa
II lb
II II
-
P'
II

MONEY MARKET.

litaroanar EVENING.
The effect of the Budget upon the stock markets
has been decidedly favourable--a result easily ex-
plained from the fundholders being relieved of their
vague apprehensions both u regards any. inter-
ference with the public debt, sad the imposition of
any relatively higher tax upon revenues derived
from this species of property and railway shares. It
is manifest, however, that although the fundholdcr,
who had been made uneasy by rumours of changes
of this description, may express satisfaction, the im-
provement in the market cannot by any means be I
interpreted into a general expression of satisfaction
on the part of the monied and commercial
world, leaving the mum of the public out of
the question. Amongst other points, attention
is directed to the palpable injustice of taxing reve-
nues derived from the Irish funds, whilst Irish
landed property is exempt. Consols opened at 1011,
and rose to 1011, finally leaving off 1011 to t for
money, and the 9th, and 1011 to a for the January
account. It will thus be seen that the present price
of Consols is equivalent to par, with the dividend
off. The general appearance of the markets is one
of firmness. Theo fficial business report is as fol-
lows :—Three per Cent. Consols, for money, 1011,
k, . ; ditto, for account, 1011, 1,1, Z. Three per
Cent. Reduced, 1001. Three-and-a-Quarter per
Cents., 1032, I, I. India Stock (shut), 277. South
Sea Stock, MI. Bank Stock, 222.
There is nothing doing in Exchequer Bills, and
prices are nominally unchanged at 695. to 725. prem.,
for both the March and June issues. India Bonds
are also stationary at 80s. to 83s. prem.
Foreign stocks were well supported, and owing to
the limited character of the business that presented
itself, there wu scarcely even a fractional variation
in prices. Sales are marked as follows:—Belgian
Four-and-a-Half per Cents., 98/ (exchange, 25 francs).
Brazilian Old Five per Cent. Small Bonds, 102;
ditto Four.and-a-Half per Cents., 1852, 97/, 98
Dutch Two-and-a-Half per Cents., 67; ditto Four
per Cent. Certificates, 981, f. Granada Deferred
Bonds 13, f, 122, 131. Peruvian Deferred Three
per Cents., 652, 65. Portuguese Converted Four per
Cents., 381. Spanish Old Three per Cents., 51/,
2 ; ditto New Deferred Three per Cents., 242. Swed-
ish Mortgage Loan, 11 die. Turkish Six per Cent.
Loan, 11, IL prem.
There has been more demand for money this
week, and the market is stiffening. For the best
bills 2 per cent. is now in some cases obtained by dis-
counters. This rate, however, is still very low.
The return of the Bank of the Netherlands, as
made up to the 30th November, shows the follow-
ing results compared with the last monthly return
(12 florins for 1!.):
Circulation
Current SCCOIII4I .. 2,783,040 Increase
Coin and bullion.... 7,998,969 Decrease 27,769
The imports of the precious metals this week have
comprised 12,295 ounces of gold by the Nestor from
Sydney ; 102,000 dollars by the Africa from New
York; and 21,363 ounces of gold by the Duke of
Wellington from Sydney. The total value of these
imports is only about 155,0001., nearly all from
Australia.
The Customhouse statement of the exports of the
precious metals direct from London during the week
ending Thursday last, contains only the undermen-
tioned small sums, viz. :—Silver coin : To Boulogne,
2,000 ounces. Silver ban: To Boologne, 1,700
ounces. Gold coin : To Belgium, 1,100 ounces; to
Hamburg, 5,680 ounces. The total amount of these
exports is 3,700 ounces of silver, and 6,780 ounces of
gold, of an aggregate value of about 27,0001.
We are enabled, however, in addition, to report
shipments of the undermentioned amounts in coin,
viz. : By the Rookery, for Adelaide, 30,0001.; by the
Middleton, 20,0001., and by the Honduras, 50,0001.,
both for Hobart Town; by the Will Watch, 30,0001.
and by the Duke of Northumberland, 72,5001. in
gold, and 1,0001. in silver, both for Port Phillip; by
the Childe Harold, for Sydney, 42,0001.; and by the
Parana, for the West Indies, 10,5981. The total
shipments from the United Kingdom for the week
consequently amount to 283,0001., and thus show an
excess over imports of nearly 130,0001.
The prospectus of the East Kent Railway has been
issued. The line is to leave the North Kent Rail-
way at Strood, and, crossing the river Medway, pass
through Rochester, Chatham, Brompton,
Itainham, and Newington, to Milton and Sit-
tingbourne, and thence by Faversham to Canterbury.
Tho capital required is 700,0001.
A telegraphic despatch from Vienna, given in the
Belgian papers, announces the failure of the firm of
Molener, Brothers, of Laybach, Leitner, and Vienna.
A project is now on foot at Amsterdam for the
establishment of a discount bank. The chief portion
of the board of management is already appointed.
The Belgian Monileur publishes the law substi-
tuting 20 franc pieces for those of 25 francs, dating
from the Ist January next. Till the end of the
year the last named coin will be received at the pub-
lic treasuries in payment of taxes and customs at its
full nominal value, but after that date these 25 franc
pieces will represent a value of only 20 francs. By
a royal decree of the Ist December it is also provided
that 25 franc pieces of French manufacture shall be
received at their full nominal value till the 20th
December for exchange by the receivers of direct
taxes.

Shareholders of the Upper India Railway will be
pleased to learn that the agitation for the concession
being vigorously carried on, and that the project
is daily enlisting fresh support. The attention of
parliament is about to be called to the subject, Sir T.
Herbert Maddock, late depnty•governor of Bengal,
having placed the subjoined notice on the paper for
Monday :
To ask the President of the Board of Control whether it
is intended to encourage by a guarantee, such as has been
afforded to other railway undertakings in India, or by any
other means, the early commencement of a line of railroad
between Allahabad and Delhi.

The same gentleman will also move for a statement
of all railways now in progress in India, showing
the length of each line, the amount of capi-
tal required for its completion, and the rate
of interest guaranteed by the government on the
capital embarked in it. This return, it is expected,
will indirectly lead to the revelation of some
rather curious facts relative to the mode in which
Indian railways have hitherto been projected and
managed. Sir Herbert Maddock, it will be remem-
bered, was President of the Supreme Council of
India in 1846, when the railway commission, pre-
sided over by Mr. Simms, made its report, so that'
it would be difficult to find a man more capable of
handling the subject, and pressing it on the attention
of government.
The list of miscellaneous share business to-day in.
eludes :—Bank of Australasia at 721, 73, and 74,
being • further advance; English, Scottish, and
Australian Bank, 41; London Chartered Bank of
Australia, 41, 1; Royal Australian Banking and Gold
Importing, 1 ; South Australian Banking Company,
41, 40; Union Bank of Australia, 621, 1 ; Austra-
lian Agricultural, 90, 92, 90 ; Australian Royal
Mail Steam, 31; Electric Telegraph of Ireland, 11 ;1
Peninsular and Oriental Steam, 93, 94; South'
PAustralian Land, 41. Our detailed list of the quo-
tations current for shares in new undertakings not
yet officially marked is as follows :-13eziers and
GraiIIONIMIC Railway, 1 to 11 preen.; Antwerp and
Rotterdam, to f prem. 1 Royal Swedish,