The Express.
London, England, 1852-06-15 00:00:00

MONEY MA le ET .

MoNDAY RVIINI/10.
There was no further advance in the English
roods to-day, but the market remains firm, and the
late rise is fully maintained. Attention was in a
great measure directed to the settlement of the ac-
count in the other departments of the " house," but
still a fair amount of business was transacted. Consols
were sold for a moment 1 lower, at 994, but quickly
rallied, and left off at Saturday's closing range of
991 to 3 ex. div. for the opening of the 16th July,
with a steady appearance. With the dividend for
money there was a transaction at 1001, showing the
usual concession in price when a sale is pressed by
special transfer. The business list is as follows:
Three per Cent. Consuls, for money, 1003, with
div. ; ditto, for the opening, 11111, 3,3, ex div.
Three per Cent. Reduced, 1001, :3, !. 'Now 'fhree-
and-a Quarter per Cents., 1021, 103,-21.
The March Exchequer Bills were flat to-day at
yesterday's range of 735. to 765. prem.; and the
June Bills fell la, closing 675. to 70s. prem. India
Bonds are,worth 86s. to Mts. prem..
The foreign stook market is very firm, and symp-
toms of returning animation are observable. Mexican
bonds experienced a decided improvement, and there
was an upward tendency fur Venezuelan, Peruvian,
Granada, Spanish, and Portuguese bonds, and Am-
trian scrip. Owing to the confirmation et the report
that the Dutch government has in contempla-
tion a plan for the conversion of the hour
per Cents., as referred to by us a fortnight ago, this
stock remains firm, and to-day marked 961. ibis is
a very high price for a Continental 4 per cent. stock,
and shows how strongly the punctuality and rigid
observance of its creditors claims always manifested
by Holland are appreciated here. To-day's sales
are as follows :—Austrian Five per Cent. Scrip, 21,
23, 21 prem. Brazilian Old Five per Cents., 1001.
Dutch Two-and-a-Half per Cents., 631; ditto Four
per Cent. Certifs., 96, 1, 3 ; ditto Four per Cent.
Bonds, 1151. Buenos Ayres Six per Cents., 73.
Danish Five per Cent., 103. Ecuador Bonds, 41.
Granada One-and-a:Half per Cont. Bonds, cx. Ike.,
1849, coupon, 211, 1; ditto ])eternal, 9', 3. Mexi-
can Old Bonds, 311; ditto New Three per Cents.,
291, 23 241, 251, Peruvian Actives, 1041, 31, 41;
ditto Deferred, 64. Portuguese Four per Cents.,
371, 1. Russian Four-and-a-Half per Cents., 1011,
105. Sardinian Five per Cents., for account, 30th
June, 94, 1. Spanish Passive Bonds, 53, i ; ditto
Old Three per Cents., 48i, ; ditto New Deferred
Three per Cents., 211, 1,1, 1; ditto Committee's
Certificates, 21 per cent. Venezuelan Three-and-a-
Half per Cents., 911, 1; ditto Deferred, 16.
The apparent firmness with which the scrip of the
new Austrian loan is maintained at a premium of 21
to 21 is accounted for by the simple tact, which we
are to-day enabled to announce, that the amount sub-
scribed for is only about 600,0(N)!., a large proportion
of which is taken, in heavy amounts, by the lending
connexions of the contracting fine.. As the amount
to be issued in this market was fixed at two millions
and a quarter sterling (the other and a
quarter being taken by the firm of Rothschild and
Sons, of Frankfort), it is evident that the position of
the Austrian finances is pretty well understood here.
The scarcity of the scrip in the market is thus easily
explained. Parties interested, however, would be in
error in infer' ing that no more of the scrip
will come upon the market, as there can
be little doubt that the contractors, after using
their influence to work up the price as much as pos-
sible, with a view to inducing the public to bite,
will then sell as large an amount of the scrip in the
open market as circumstances will admit of. This
operation would of course have a decided effect upon
the price, and hence the general indisposition
amongst the dealers to have anything to do with the
loan.
Our anticipation that the report of the new revo-
lution in Mexico would prove unfounded is borne
out by the advice, received by the Africa. it will
be remembered that just prior to the departure from
Vera Cruz of the Royal Mail steamer Onnoco, a tele-
graphic dispatch was forwarded through the office
of the British vice-consul, and communicated exclu-
sively to a London morning contemporary,
stating that the city of Mexico was in a
state of revolution. This statement, purporting to
come through an accredited agent of the British go-
ventment,waa at first received with consternation by
the bondholders and others interested here, and the
immediate effect was a fall of 21 per cent. in the value
of Mexican Bonds. Upon its being discovered, how-
ever, that the private letters, dated only two days
previous to the alleged outbreak, made no mention
whatever of any apprehensions of disturbance, a mare
confident feeling ensued, which was afterwards
strengthened by the intelligence published by us re-
lative to the course of the bondholders' affairs in
Mexico. By the Africa intelligence has been re-
ceived front the city of Mexico to the 13th May or
five days later than the date of the reported " revo-
lution," and general indignation has been excited
by the discovery that the telegraphic despatch,
was a pure falsehood, the metropolis having
been perfectly quiet. It is somewhat suspicious
that, prior to the arrival of the Orinoco, reports
were current in certain quarters here, that a Mexi-
can revolution might be speedily expected, and it is
considered that the circumstances of the case are
sufficiently gross to demand a searching investigation
into the conduct of all concerned in it. We hear
the bondholders suggest that the inquiry is one
which the committee, by application in the proper
quarter, might very properly promote. The interests
involved, it is urged, are by no means small, as in
addition to more than ten millions sterling of debt,
our important commerce with Mexico would for a
time have been paralysed had not the false intelli-
gence received a speedy, though necessarily partial
contradiction.
The Hamburg accounts mention that a considerable
sensation had been produced on 'Change by intelli-
gence of the repudiation by the Danish government
of the loans contracted by the Duchy of Schleswig-
Holstein. The consequence had been a fall in price
from 78 per cent. to 25 per cent. In the aggregate
these loans are stated to amount to three-quarters of
• million sterling, a large proportion of which is
held in Hamburg and Altona.
Riga letters mention the failure of the house of
Alifanoff, a Russian commissioner, but no particulars
are afforded. The amount of liabilities is stated to be
large, and the settlement not expected to be favourable.
The influx of the precious metals continues un-
abated. In addition to the large imports of last
week we are to-day advised of the arrival of the
Africa with 408,000 dollars from New York, and of
the Vimeira with 15,000 ounces of Australian gold.
These imports represent a value of some 140,000/.,
and two other Australian vessels had sailed previ-
ously with 76,1100 ounces, worth here 34/4,000/. It
is a remarkable fact that the average yield of the
Australian gold in this market is full 4!. per ounce,
after defraying all the charges of transmission. In
few cases is the yield less than 3/.195. per ounce, and
in some instances 4!. 2e. has been realised.
The subjoined calculations show the rate per cent.
per annum yielded by the various English securities
cited at the average 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 wo take the
rate of interest declared for the last half-year as the
basis of our calculation. To render the results
strictly accurate, the proportion of interest which
may have accrued since last dividend period, should
in each cam be taken into account. It should also be
remembered that the Three-and-a-Quarter per Cent.
becomes a Three per Cent. Stock in 1854.
Tires For Cent. Oared shut yield pet cost.—
(Sim per Oat Rediced prise 100 i t 2 19 SI
Now Thr..0.6&4-Quarter per Orb... 103 ~ 3 3
Sim, :leek (dl,. at the rate ore per
oast. per annum)
holm bhci idle.lo4 per wet per sm.) 316 „ 3 16 1
Fzolwquer 814,11arth (he.lid. per et
Per day)
.1 Motes Oar. '""

4 0 0

I 4 0

Fist tZlin Ammo, 111. paid (Roam-
MIL .
Wed dl.. S percent per mos) 2211 .
Nom Wolof's* XloOok. (Co. et the .9
Ma of Spa gest pot was) 94 “ 6 II I