The Express.
London, England, 1852-09-02 00:00:00

MONEY MARKET.

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WIDNISDAT Evaxixo.
The stock market was quiet all the morning, but
operations offered rather more freely in the after-
noon. They were, however, pretty evenly balanced,
and thus the variation in prices was slight. Consols
opened lower than yesterday at 991 to 100, and
after marking 1001 both for money and account,
closed at 100 for money and 100 to 1 for tho Bth
September. The other stocks were quiet. The busi-
ness list is as follows :—Three per Cent. Consols, for
money, 991, 1001, 100, ~ 100; ditto. for account,
991, 100 j. Three per Cent- Reduced, 1001, '-'
New Three-and-a-Quarter per Cents., 104 f, Long
Annuities, Annuities, 1860, 6 15-16, South Sea Stock, 1101 ;
ditto, Old Annuities, 99?,. The March Exchequer
Bills fell Is. taday, closing 735. to 765. prem. The
hoe bills remain quoted Me. to 71s. prem. In India
iamb nothing was done.
Operations in the foreign house were on a limited
scale. Peruvian Deferred advanced to 60, and
Mexican to 26. Granada Deferred did not quite

per
The miscellaneous transactions include National
Provincial Bank of England shares at 46; Union
Bank of London, 17 ; General Steam Navigation, 29;
Peninsular and Oriental Steam, 85, 1,84 f, !, 85 ;
Royal Mail Steam, 78. Victoria Dock shares were
in great demand, and closed 4 to 41 premium ; Lon-
don Chartered Bank of Australia shares are worth 2
to 21 prem.
Large arrivals of gold from Australia are to-day
reported. The Vanguard has arrived off Dover with
17,490 ounces ftom Port Phillip; and the Albatross,
which has arrived off Liverpool from Adelaide, has
on board a further amount of 14,000 ounces. To-
gether these two imports sum up 31,490 ounces,
worth here nearly 126,000/.
Amongst the shipments of coin from this side to
our Australian colonies, we have to record a sum of
30,0001. by the Syria, for Port Phillip; 10,0001. by
tho Marmion, fur Sydnty; and 1001. by the Henry
Winch for the same port.
As we anticipated, the new Turkish loan meets
with a considerable degree of favour amongst the
speculators here. Transactions have been already
entered into in anticipation of the allotment, and the
price closed this afternoon 11 to 2 prem. Parties
connected with the Continent are understood to have
applied largely, in consequence of the facility with
which the 1,200,000/. assigned to France has been
arranged there. With reference to the object of the
loan, it is destined to extend the operations of the
Bank of Constantinople, which is a government in-
atitntion. It is much to be wished, however, that
more light could have been thrown upon the state of
the relations existing between the Bank and the
government. From a calculation of the dates at
which the periodical drawings of the bonds for re-
demption will take place, it appears that the first is
fixed for the Ist of February, 1853, and then on the
Ist February and let October in each year till the
Ist October, 1875, when the debt is to be finally ex-
tinguished. The number of bonds (of 401. each)
fixed tobe drawn on the Ist February, 1833, is 518;
and the number to be so paid off is to increase every
year. Thus on the Ist February, 1860, 784 bonds
ND to be drawn ; on the Ist February, 1865, 1,053
beach; on the Ist February, 1870, 1,415 bonds; and
the final drawing on the Ist August, 1875, is to in-
clude 1,959 bonds. The total capital of the loan in
England and Franoo being 2,000,000/. sterling, the
premium of 20 per cent. to ho paid on redemption
amounts to 400,0001.; so that virtually the Turkish
government will pay at the rate of more than 7 per
cent. per annum for the accommodation. Including
the repayment of the capital, with the premium and
interest, the total sum receivable by the subscribers
on account of their advance of this 2,000,000/. will
amount, by the time the entire loan is extinguished,
to no less than 4,113,3331., should the stipulation be
strictly carried out.
As no decision has as yet been come to respecting
the appropriation of the money now applicable to the
=
nt in part of the dividends on Venezuelan
this may be considered a favourable opports.
nity for drawing attention to the claims of an entirely
neglected class of sufferers holding Venezuelan secu-
rities. These are the parties claiming overdue dividends
retained by Messrs. Reid, Irving, and Co., for which
that house signed vouchers or tickets, which have not
been paid since the lamentable occurrence of the
stoppage of the firm in 1847. At the same time
balances of scrip receipts, representing active and
deferred stock, are in circulation with no less than
7 years' arrears attached to the active portion. There
are also outstanding some part of the original Colum-
bian Bonds on which the Venezuelan portion has
not yet been received, and which ought certainly
to be brought to a settlement. Now that the highly
respectable firm of Messrs. Huth and Co. have hem
appointed agents to the debt, it is hoped that the
books and vouchers in the possession of Mesers.lieid,
Irving, and Co. will be duly handed over, as it is
ineostestible that the outstanding conversion ought
to be completed, and all these remancts settled, with
a view to placing the debt on an equitable footing.
At the meeting of the Railway l'a..sengers Amer.
ance Company to-day, a dividend was declined for
the half year at the rate of 4 per cent. per annum, a
highly satisfactory result, considering the recent
establishment of the company. The royal consent
having been given to the company's bill in parliu
aunt. they are now enabled to grant insurances far
the whole of life. The directors, in announcing that
they have entered into arrangements with some et
the French railways for the extension of their sys-
tem to the Continent, expressed their regret that the
directors of some of our southern railways arc still
indisposed to allow insurance tickets to be issued at
their stations.

The price of silver remains firm, the demand for
India continuing, but there is little business going
forward, the market being almost bare. The packet
from the West Indies and Mexico is due to-day, and
will bring further supplies. Meanwhile, present
quotations are thus retorted by Messrs. Sharps and
Wilkins :—Bar gold, • 7s. 9d. per oz. standard ; bar
silver, without gold, .ss. Ind. per oz.; bar silver,
containing gold (all gold above five grains in the
pound to be paid for), 3s. 00. per oz.; Mexican and
South American dollars, 4s. 104 d. per oz. ; plating,
13s. per oz.; quicksilver, in bond, 3s. per lb.

COMMERCIAL AND MARKET.

MINCING-LANE.—THIS DAY.
Stoaa.—Tl.is market is inactive. The public sales, of
300 Vide. Porto Rico and 1,000 boxes Ifavannah, werr
chiefly bought in at last week's prices. The refined mar-
ket remains steady, without alteration in prices.
Curran.-160 casks of plantation Ceylon sold steadily in
public sale at lull prices, 60s. 0.1. to 4iBe. A cargo of Rio
reported soul ) ,eterday on 'Change, the price presumed to
be 255. or 3 is. 3d.

Tea.—A full amount of business was done late yesterday
in common Cougou, kid. to Sid., and the market has a very
firm appearan, c.
Srtce. remain without alteration.
Curios continues firm, but not much business doing.
In other articles no material alteration.

TALLOW MARKET.—THIS DAY.
The market is steady, with rather more business doing
for futon! delivery. Town Tallow is quoted 385., nett
cash ; Pctersburgh Y.C. on the spot, 395. ; October to
Poet:caber, 39,. 84. to 9d. ; January to March (1853), 39%.
to 3d.

ELL H,

too. a......... De. 14V.. P 4 —.
Piedainet 97 ... Treasury Babb
110. S, ;%5"
Vsuis, SEPT. I.—St. Germain, —; Vrnailles (risk
bank —; digs (left 2467), 314 ; Paris and Orleans, 1,427 3e;
Pet.. and Rows, KS; Rouen and Havre, 263; %townie@ aid Ave/.
nisi, ; Inatiis7tirs and Bale, 206 13; Northers, 613;
071 .tra•locaug, OS 73; Part@ and Loot P. 770; Lyon. and A 5.2.
non, 570; %interns and Troyes, 273; Omen. 109217 and
Yom's., 362 SI; Pais and &emu, 16; Nadeau' and Testi.
260; %squinter an 1 Cone, —; liran4 Combo., —; Blame ,t
IL ani Grey, 311.
MADRID, AUG. 27.—Three per Cents., 45-;
after Bolsa, 451 c. Do. Deferred, 23; c.; atter
Bnlfa, 23; c.; Debt (let class), 121 c.; after Balsa,
12: c.; do. (2nd Alan), c. ; after Bolsa, 51 c;
Bank of St. Ferdinand,lo4! c.
BERLIN, At:G. 30.—Voluntary Loan, 103; New
Four-and-a-Half per Cents. (11i.10), 104;; ditto
(1852), 1041. National Debt, 951. Commercial
Marino Society's Premium, 1271. Bank Shares,
1071.

scale. reruvian peter/v(1 advanced to 601, and SMITHFIELD HAY MARKET.—THIS DAY.
Mexican to 26. Granada Deferred did not quite Mr. E. J. Davis reports trade heavy, at the following
111 ad maintain their rise. Portuguese Bonds arc steady. eric....—Prime Meadow bay, 80.. to tifts. • inferior, 65e. to
Yesterday took place the interview of the committee oSs.; new, 6.is. to 785.; Kovno, Ms. ; 'Clover, old, Ms.
111 with the Foreign Secretary, with a view to enlist to 103 i. ; new, 75 to 855.; Straw, 34.. to 425.
li 11% the support of our government. Sales are marked as
under !—Austrian Scrip, 41 prem. Belgian Four-
-79, Iti and-a-llalf per Cents., 97, 961. Dutch Four per LATEST FOREIGN EXCHANGES.
Cent. Certificates, 094, j. Granada Deferred, 121, • her Arno.
Mk 1 ill
._ .. . arblial74lloA
.
• • • •• it NM, I. i;. to eferred , red per ts., :--, ---H-- ,---
601, /60 1. Portuguese Converted Four per Cents., I tar '''2t.- -
91Per 9.411t0. ,IN SO 10i 73 . 104 05 I tow 104 ~)
N 7 zd 373. Russian Four-and-a-Half per Cents., 1041, 1,1, 4,,,ee p,iat ,
4, ;;. Spanish Old Three per Cents., 49i ; ditto 1i.:4;t:ii!.•,.:4,,..i.e.....- Ld.,;;,...
~
„wt..
251.5....i0• i ..7.i.
1:2 '......
187iiiill New Deferred Three per Cents. 224,1 ; ditto Pas-
t. - ; 714 i•
sive (Converted), 6. Venezuelli Three.and-a-Half 8e1ra5,51.n1.4.1114U 102 Stosney 1 Nu,,ie• nisi.. Massy.
174 per Cents!, 4.44. Dr. Mt ... ...... 114..1.4 5 Gets ri ...
1..
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