The Express.
London, England, 1852-05-25 00:00:00

subscriber, compared with the actual quotation of the
old five per cent. silver loan at Vienna. On apply-
ing the calculation to the Austrian Five per Cent.
stock redeemable in paper, which comes quoted 951,
the equivalent price here should bo about 76. It
should be borne in mind that subscribers to the new
loan would experience nobenefit from the movement of
the exchange market, in the event of the Austrian cur-
rency assuming a more favourable position, as the entire
advantage would be eujoyed by the holders of the Five
per Cent. stock redeemable in paper, and now quoted
951. Objection may be perhaps taken at the rate of
exchange on which we have founded the calculation,
as the price comes last reported 25.20 for three
months' bills, or equivalent to 25.21 for short—a
rate which would bring the price of the silver loan
nearly equal in Vienna and London ; but, as already
intimated, 25.30 was the current rate till within
the last two days, and duo allowance must
be made for the notorious o rigging" of the
celeitango market, invariably practised' by the
government, when considered requisite for their
purposes. Thus there can be no doubt that upon the
intimation that a better quotation on London was
requisite for the success of the loan, leading opera-
tors were despatched into the market to buy up the
bills offering at improved prim:, tits speculator, of
Tallinn -.7,ovement, when backed by
such authority. An apparent improvement in the
finances of the state, at the moment when her already
enormous debt experiences a further augmentation,
is of itself a circumstance to be regarded with suspi-
cion. As already intimated by us, the portion of
the loan offered here will probably attract attention
only from those interested in Austrian monetary and
commercial business, who, besides, will only look to
making a temporary profit, without any idea of be-
coming permanent holders, so that it is scarcely
necessary to recall to public recollection the discount
of 25 per cent. at which the Austrian currency now
stands, or the continual deficit shown in the tables of
revenue, compared with expenditure.
At Antwerp, on Saturday, the Bourse was rather
fiat, and business languid. The Belgian Two-and-a-
Half per Cents. (Rothschild) were quoted 534 ; ditto
Four-and-a-Halt per Cents., 952•; ditto Five per
Cent., 1840-42, 100 Z ; Austrian Five per Cent. Me-
tallies, 771 to „ ; Spanish New Deferred Three per
Cent., 201.
At Hamburg, on Friday, there was no change in
the quotations of state stocks. Sardinian Five per'
Cent,. are quoted 911 to 92. Russian Five per Cent.
(English), 110) to ; ditto Four-and-a-Half per Cent.,
991 to 1. Danish Three r Cvat., 1825(English).
761 to 77l iuiio rive per Nut., 901. Spanish NeW
Deferred Three per Cent., 191 to 20. United States
Six per Cent., 1051 to 6. Massachusetts Five per
Cent., 1021. Maryland Five per Cent., 871. Mexi-
can New Three per Cent., 24.
The subjoined calculations show the rate per cent.
per annum yielded by the various English securities
cited at the ave of the prices now ruling.
Where the asterisk') is prefixed, it is to be under-
: stood that the share rate of interest is less the income
tax. It will be seen that in every case we take the
rate of interest declared for the last half-year as the
• basis of our calculation. To render the results
I strictly aotarate, the proportion of interest which
may have seemed since last dividend period, should
in each can be taken into account.

nuts par Oat Cowed ...... ...... price 991 *id pot aut. /3 0 11
Tins pa Oast. liodwood 99 0 3 0 7
Ova iikasl•wawalw par Orate.- 101 0 3 4 41
Bak /Wok Oft. se Ws wia et 5 per
mat par wawa) 3lO 3 12
Wks /1/0141.. 101 per est. per m) 2/3 ”
0 81
3 16 II
gaikwisarlWa (Wt. 14 per coat. per
71s. pa. . 2 4 0
Urban alms% 161. mkt (aura/
teaddtk • meat. per easum) 221 n 4 0 0
IMO Woolwoo SlColeb. (W. at Ow
TWA et 'per wet par woe) ifl 0 5 9 101
uwatiek• iii Tarkehir• /100
ilaik.(4le. at the rate or 3 per moit
pr
Wok and Waill Wo!ar° NW"

(dividend at the rate of h per sast.
per usual. 93
Leedom and North Wafters ateele

(dlr. at the rata of 6 par mot per
ana)
Midland Mork?lv.atths nate-el2l per 9P
es
ios PP
eer
=telt Meek. (dlr. at tba
rate of 3j per amt. per mac um.)
York, Nevoid', and Bawl& Meek*
(dlr. at the rate of 3 per MM. per
annum)

5 12 101
4 17 6,1
4 0 10i
5 1 21

THIS DAY.

to 4 II li

Two O'CLOCK.
There has not been the least change in the Eng-
lish stock market to-day, and throughout the Stock
Exchange business is quiet. Consols have re-
mained steady, at 991 to to money and account.
The Three per Cents. Reduced mark 99 to 1; the
New Three-and-a-Quarter per Cents., 101 to 1.
Bank Stock, 220 to 221. Exchequer Bills, March,
725. prem.; ditto June, 665. to 695. prem. India
Bonds, 795. to 84s. prem.
In the foreign market the transactions have been
chiefly confined to a few of the Spanish American
stocks. Mexican Bonds are steady, at 311 to 32,
and 25 to I for the new issue. Orenadan
Actives mark 204, but the Deferred Bonds
have receded to 81. Venezuelan Bonds are
rather better than yesterday, at 38, 39, and
381. Peruvian Actives have been done at 1011 to
102 ; Sardinian at 961; Buenos Ayrean, at 731 to
75; Spanish Deferred Threes, at 204.