The Express.
London, England, 1852-06-21 00:00:00

MONEY MARKET.

SATURDAY EVENING.
The abundance of money and influx of the pre-
cious metals are producing their natural effect upon
the prices of stocks. To-day, in anticipation of an
advance next week, the quotations of the English
funds wore put 1, per cent. higher, the market clos-
ing firm at the improvement. The last price of Con-
sols was 1001 to 4ex div. for the 10th July. Con-
sidering that the price is only just quoted without
the dividend, which will not be in course of payripmt
till next month, this quotation is the highest at-
tained by Consols for thirty years past. This is a
fact of extraordinary significance, looking at the ra-
pid influx of bullion and the general position of our
money market and commerce. Unless poli-
tical commotions, or some other great dis-
aster should occur, it would certainly appear that
the time is fast approaching when the government of
this country will be enabled to effect a considerable
alleviation of tho burdens now so heavily pressing
upon the community, by re-modelling the national
debt. Business today was extremely quiet, and the
advance in prices is consequently the more deserving
of notice, as indicative of the general opinion in the
house. The list of bargains, as officially rendered, is
as follows:—Three per Cent. Consols, for the open-
ing, 100, t, 100, I. Three per Cent. Iteduced,loot,
I:. New Three-and-a Quarter per Ceots., 1031,
Long Annuities, 1860, 6 1516.
The March Exchequer Bills rose ls. to-day, closing
at 735. to 78e. prem. The June bills remain quoted
68s. to 71s. prem.; and India Bonds, 86s. to 89s.

prem.
Business in the foreign department was more
active than is usual on a Saturday, and the tendency
of prices continues upward. Au improvement was
to-day perceptible in Mexican, Peruvian, Spanish,
and Venezuelan. Buenos Ayrean Bonds are steady,
land Chilian rising. The day's business list is as fol-
lows :—Austrian Five per Cent. Scrip, 5,4;, 41
prem. Austrian Old Five per Cent. Bonds, 82,
(exchange fixed at 10 fl. per 12.) Brazilian Old
Five per Cent. Small Bonds, 101 ; ditto Five per
Cent. (ltothschild's), 101. Buenos Ayres Six per
Cents., 78. Chilian Three per Cents., 71. Dutch
Two-arid-a-Half per Cents., 61 ; ditto Four per Cent.
Certifs., 931, 4, 961. Granada Deferred Bonds, 10,
9!, 101. Mexican Old Bonds, 321, .1 ; ditto New
Three per Cents-, 261,1. Peruvian Actives, 1051,
.5, 51 ; ditto Deferred Three per Cents., WI,
65, ..66. Portuguese Five per Cents. (Brazil gua-
rantee), 100 ; ditto Converted Four per Cents., 38
Sardinian Five per Cents., 94-1. Spanish Passive
Bonds, 5; ; ditto Old Three per Cents., 49, ; ditto
New Deferred Three per Cents., 221, 21h ; ditto
Committee's Certifs., 3 per cent. Venezuelan Ac-
tives, Three-and-a-Half per Cents., 411, 401 ; ditto
Deterred, 17.

After several month,' delay, and owing to their
inability any longer to resist the force of opinion,
the committee of Buenos Ayrean Bondholders have
at length decided upon adopting the step which has
been so frequently urged in these columns as one
of paramount necessity. A public meeting of the
bondholders is convened for Wednesday next (the
23rd ins'.) at the London Tavern, with the view, as
stated in the advertisement, of " Considering the
present state of their affairs, and any matters rela-
tive thereto that may be brought before it." The
committee are at the same time to lay before the
meeting a full account of all their proceedings. In
the mean time the bondholders are requested to call
at the committee's offices, with a view to examining
the various documents, letters, &c. In their satisfac-
tion that the meeting has been at length called,
the bondholders will probably be indisposed to waste
time by grumbling at its not having been convened
long ago. They will now have the conduct of their
affairs placed in their own hands ognin, and if they
do not push the debt to a settlement at the present
favourable conjuncture they will only have them-
selves to blame. It is probably unnecessary to im-
press upon the bondholders the necessity of orenize
ing an energetic working committee, and it is gene-
rally conceded that the despatch of a commissioner
to Buenos Ayres with a strong memorial from the
creditors is the next step of importance. The new
government of the republic has shown itself, so far.
actuated by a strong desire to administer jus-
tice to all parties, and es the bondholders' claims
will certainly receive the support of the British
minister at Buenos Ayres, there is every ground for
hope that the satisfactory settlement of the debt may
at length be accomplished. There is a good deal of
discussion amongst the bondholders as to the proba-
bility of a considerable revenue being derived by the I
sales of the guano existing on the coast of Patagonia.
Doubts have been expressed as to the right of the
Buenos Ayrian government to these supplies. It is
on record, however, that in 1849 a formal proposal
was made by the minister of the Argentine republic
in London to the Messrs. Barings and other bond-
holders to purchase of the government the exclusive
privilege, for a period of fifteen years, of disposing
of this guano, and exporting it from the islands
and coast of Patagonia, together with saltpetre,
barilla, the produce of the fisheries, and other arti-
cles, placing the proceeds to the credit of the govern-
ment in part payment of the foreign loan; and the
Messrs. Borings have not escaped censure for not
closing with the offer. The territory proposed to be
granted for this object was from New Bahia, in lat.
43, to the Straits of Magellan, in lat. 53. The ad-
vices last received from the Plate mention that a
large business had been done in Patagonian guano,
the price ranging. from 50s. to 595. 10d. per ton.
Reckoning the freight from Monte Video at 355. to
405., or from the coast of Patagonia at 50s. to 53a.
per ton, it follows that the guano could be placed in
English ports at about 51. 10s. per ton, the present
price of the Peruvian article being 91.55. 'f here then,
of course, remains the question as to how much the
Patagonian produce is worth, compared with that of
Peru, and it is suggested by competent parties that
although the surface guano may not be particularly
valuable, being exposed to the action of the elements,
yet the lower portion will probably be better. Now
that so much attention is being bestowed upon the
means of augmenting our supplies of guano, this
question is regarded with increased interest.
There is no change in the position of the money
market, which remains fully as easy as last week,
with thereto for the discount of first-rate bills at 1 t
per cent. We hear of large sums being returned to
the joint-stock banks by the discount houses, which
are positively unable to employ them to advantage.

The imports of bullion, this week, have been ex-
traordinarily large. We have already drawn atten-
tion to the chief supplies as they came in, but the
following is the recapitulation :—By the Akica, from
New York, 408,374 dole.; by the Humboldt, from
the same port, 306,000 dole., besides 400,000 doff. for
Havre; by the 'feviot, from the Brazils, 100,000/, ;
and from Australia the following vessels have arrived
in our ports or off various points of the coast—viz.,
the Vimiera, with 15,000 oz. of gold; the Black-
well, with 57,413 or.; the Brightman, with 245 oz.;
the Orientai, with 19,130 or, ; the Catherine Jame-
son with 4,291 oz.; the Benjamin Elkin, with
14,000/. worth; the Enchanter, with 22,988 oz.;
and the Northumberland,with 10,t900 oz. The Aber-
foylo has also arrived off the coast, according to this
afternoon's advices, with 40,272 oz., and the General
Hewitt with 75,000!. worth. 'J'he entire imports of
the week may be stated at 1,040,1011/., of which
790,0001., or 198,339 oz., were in Australian gold.
Some further small pareds of gold have probably
escaped our notice, so that there can be little doubt
the amount is considerably above a million
sterling.

Tho exports havo not been very large. Direct
from the port of London, for the week ending
Thursday, they arc stated as follows iu the Custom-
house return :—Gold coin, to Havre, 318 ozs. ; to
Sydney, 4,000/. Silver coin, to Bombay, eO,OOO ozs. ;
to Hamburg, 5,280 oz.; to Rotterdam, 50,000 oz. ;
to Boulogne, 3,000 oz. Silver bars, to Rotterdam,
48,000 oz. This gives a total of 318 ounces, and

4,000/. in gold, and 186,280 ounces of silver, the ag-
grolgate value being about 52,600/.

- -
The other exports include 080!. by the Iberia, for
Portugal ; 40,0001. by the (*tem.!. the South, for
the Cape; 1,730/. by the Orinoco, for the West In-
dies; and 23,0001. by the Madrid, for Lisbon. The
total exports arc thus only about 120,000!.
In addition to our own weekly analysis of the
traffic receipts, which, being made up on Thinsday
evening, of course cannot include the whole of the
returns, we extract from Ilerapallis Journal the
materials fur the following statement of the aggre-
gate returns of the United Kingdom :
Aggregate amount No. of Average receipt
received. Inii.ll open. p r Mile.
1852
1851
1850
The aggregate comparison of the half-yeur's traffic
continues very good, being stated as under by the
Railway Tunes (since the let of January):
Aggregate amount No. of Avera;7e iciiTilt
received. miles open. per mile.
1852 £6,218,106 6,572 £946 4 01
1851 6,907,726 6,307 9:;6 13 2f
1660 5,292,8412 5,779 915 17 ot
The increase this half-year over 1851 is thus shown
to be 9/. 0.. 91d. per mile, and over 1830,301. ss. 5,14
per mile.