The Express.
London, England, 1852-10-19 00:00:00

The market for the home funds opened with great
firmness this morning, end was well supported during
the greater part of the day, but in the afternoon the
feeling was not quite so firm. Consols were done at
100/ for the account, but left off at 1001 for cash,
and 1001 for the 11th November. But little business
was done in this department of the house, attention
being chiefly directed to the railway market, in
which much buoyancy prevailed. Bank Stock was
rather weaker. The official business report includes:
—Three per Cent. Consols, for money, 1001, ; ditto
for account, 1001, 3. Three per Cent. Reduced, 991,
41, 1. New Three-and-a-Quarter per Cents., 1031,
. Long Annuities, 1860, 6 7-16, 1 ; ditto, 30 years,
1859, 6 3-16; ditto 1860, 6 11-16. Bank Stock, 2241,
2223, 221.
Exchequer Bills met with little inquiry to-day.
Sellers offered at 75e. prem. for the March, and 755.
and 745. prem. for the June issue. India Bonds ruled
at 83s. to 88s. prem.
In the foreign stock market Spanish and Turkish
engaged the chief attention. Spanish Bonds were
sensibly better. Turkish, on the contrary, after
opening with a steady appearance, fell to 4f prem.,
and was quoted 61 to 6 prem. just prior to the close
of business. A great variety or rumours prevailed in
explanation of this severe fall, the unfavourable
reports being chiefly founded upon the resignation or
dismissal of the Turkish Finance Minister. The
downward tendency is also aggravated by the near
approach of the lst of November, when the second
instalment of 25 per cent. is to be paid in. Buenos
Ayres Bonds further advanced to 80. Bargains are
marked as follows: Austrian Old Five per Cent.
Bonds, B.i, 851 (exchange fixed at 10 11. per £).
Brazilian Old Five per Cent. Small Bonds, 101, 1;
ditto Four and-a-Half per Cent. Scrip, 1 prem. Bel-
gian Four-and-a-Half per Cents., 981, I (exchange
23E). Buenos Ayres Six per Cents., 78,.80. Dutch
Two and-a-Half per Cents., 65, ; ditto Four per
Cent. Certificates, 963, f; ditto Four per Cent.
Bonds, 951, 06. Granada Deferred Bonds, 111.
Mexican Three per Cents., 25, 1. Peruvian Deferred
Three per Cents., 62. Russian Five per Cents.,
118! ; ditto Four-and-a-Half per Cents., 1061, 41.
Sardinian Five per Cents., 971, 1, 1. Spanish Old
Three per Cents., 611, 1, I; ditto Deferred Three
per Cents., 26, 251, 3. Turkish Six per Cent. Loan,
73, 63, 5, 61, 41, 51 prem.
We understand a meeting of the committee of
Spanish bondholders is convened for Wednesday
next, with a view to drawing up some memorial on
the subject of the unfunded half of the arrear cou-
pons. The new optional conversion will also engage
the attention of the meeting, which, it is considered,
is preliminary to a general meeting of bondholders.
Business has been done in the shares of the Bank
of British North America at 671 and 67 ; London
Chartered Bank of Australia (21. 10s. paid), 21, 3 ;
London and County Bank, 261, 26 ; London and
Westminster Bank, 33/ ; Union of Australia, 501 ;
Netherlands Land Enclosure, 11, 11 (21. paid) ;
Royal Mail Steam, 781 ex div. ; Peninsular and
Onental Steam, 8& Such of the new undertakings
'as present any change is pries are quoted below,
viz. :—Bezien and Graissessac Railway, 3.16 to
6-16 prem. ; Bordeaux and Cette Railway, 5,4 to 51
prem • Upper India Railway, to prem. ; Antwerp
and itotterdam Railway, 1 to 1 prem. ; Norwegian
Trunk Railway,l dis. to prem. ; Bank of India, Aus-
tralia, and China,3 to 3 prem. ; Ebro Canal, 1 to Ipm.;
Royal Swedish Railway, to 1 prem. Amongst the
privileges accorded to this last named company by
the Swedish government, which has shown
itself excessively anxious for the introduction
of the railway system in the manner pro-
peed, the company obtains a free grant of
land required for the line, and of the labour
of the army for its construction. It is suggested as
reseonable that on the occasion of the annual draw-
ings that will take place on account of the sinking
fund, the shareholders who may be paid off should
have certificates given them entitling them to receive
the surplus interest that may acorn from the work-
ing of the line until the expiration of the forty years,
by which time, of course, all will have been paid off:
Niould this plan be adopted the certiflestes in ques-
tion would, probably, be considered susceptible of
dealings in the market.
The arrivals of the precious metals reported to-day
were very large, comprising 684,000 dole. by the
Africa from New York, and 956,028 dole. by the
Orinooo from the West Indies, making in all about
'lB,OOOl. sterling.

The following is interesting to the holders of
Renador Bondi :

ECUADOR Thum
Committee of Spanish American Bondholders,
8, Ilroad-street-buildinp, Oct. 18. 1862.
The committee of Spanish American bondholders received
thin nnorning the enbiolDed communication from Mr. Mo-
an", their agent, dated Guayaquil, Sept. 1,11362:
I have the honour to inform you that the National
Assembly has elected General J. M. Urbina, President of
the Republic, and that be will take the oath of hie high
uMee to-morrow. I deem this favourable, as I have reason
to believe his viewsare favourable towards a fair arrange-
ment of the foreign debt. The Assembly will now proceed
with Inanoial matters, and am in communication with the
Committee of Public Credit,' who, I am happy to say, are
recommending a measure to give the executive ample
powers to treat with me. I shall within a fortnight have
the advantage of Mr. Cope's assistance, as he is ooming from
Quito, which I shall avail myself of, whenever I deem tt
essential so to do. I shall now have a constitutional go-
vernment to treat with, which has not been the Cabe until
now ; thus the cause of delay in my proceedings. I have
nothing further to communicate at present ; remaining, &v.,
(Signed) " R. Moesrrs...
Notice has been issued of the dissolution of the
association formed under the title of the " Peninsular
Colonisation Company." All subscriptions are to be
returned in full.

We dillieldand that a very comprehensive scheme
is is amp* et arrangement for supplying railway
sissimaotsdas to the district lying south of London,
end in the gem vicinity of the metropolis.
/be line in will be in connexion with the
London and South Western Railway, and will be
spookily formed for the accommodation of the pas-
senger traffic to the New Crystal Palace.
Hamburg letters received this day quote the price
of the Swedish Monger Loan, which was brought
out there last year on sunilar terms to the one issued
here, at 93, at which it was firmly maintained, with-
'oat sellers. It was anticipated that the London
hese will increase in favour with permanent in-
*mien, as it becomes absorbed.
Advices from Charleston state that the rice harvest
was nearly completed, and for a short time past the
weather had been favourable, but it came too late to
effect any change in the prospects of the crop, which
was still estimated to be short in quantity and poor
in quality. The market for this article unchanged.
The subjoined calculations show the rate per cent.
prennum yielded by our government stocks at pre-
mit prices. To render the results strictly accurate,
the proportion of interest which may have accrued
since last dividend period should in each case be
tehen into account. It should also be remembered
dmt the Three-and-a-Quarter per Cent, becomes a
Three per Cent. Stock in 1554.

leL per cent.
nice. per annum.
Three per fest. Caret........ ........ 1001 C 1 19 191
Three par Cent. Seduced ....... vva S 0 ili
New Three-and.a.goarter ppet Orate .. 103 k 3 3 9
Bent Sleek (dial& ad abalstera at Ile
rats /f ry per cent per oranant)
India Stoat (dlr. 101 per seat. per
ammo)
Eachequer Nips, Munk (Ist. lid. per 319 11 16 1
cent. per day) ... llse pi. 3 $ 10j