The Express.
London, England, 1852-05-24 00:00:00

The English funds were rather weaker to-day, the
announcement of the new Austrian loan being as-
signed as a reason for the prevalent flatness. Con-
sols were sold as low as 994 both for cash and time,
but in the ifternoon a firmer feeling prevailed, it
being perceived that the loan can have no direct
effect upon this market, and prices rallied to 99; to
for money and the 9th of June, at which range the
market closed. Generally it may be observed
that confidence in our monetary and commercial
position continues unimpaired, and we heard of
several transactions in Consols at par for delivery in
July. The day's official business report is as follows :
Three per Cent. Consols for money, 99/, /,
ditto for account, 99), 3, 4. Three per Cent. Re!
(laced, 981, 99. New Three-and-a-Quarter per
Cents., 101, 3, 1001, 1013, 101, 3. India Stock, 272 i.
The market for the Unfunded Securities is firm,
and prices, though already high, are still tending
upwards. In the present state of the money market
these securities, which offer such decided facilities
for speedy conversion in case of emergency aro na-
turally the more highly appreciate& The March
Exchequer Bills closed at 725. to 735. prem., being
a rise of Is. and sales were even made at 735.
peweealt not to any extent. The June bills
maintain their fall quotation ce 665. to 88s. press.
In India Bands there were transactions at 795.
premium.
Foreign stocks were not extensively dealt in,
speculation being at present
. inert in this depart-
ment. Mexican, Venezuean, and a few of the
other speculative stocks were flat in the morning,
but closed rather more thmly. The recent official
intimation from the committee, although the sub-
stance of it woe published by us several days be-
fore, has given renewed confidence to the holders of
Buenos Ayrean Bonds, and the price is firm at 73
to 76, with business marked to-day at 74. Such
being the satisfactory result attendant on keeping
the bondholders informed, to some extent at least,
as to the position of their affairs, it is urged that a
communication ought, at the present important crisis,
to be published by the committee on the arrival of
each mail, as the issue once a month of a few lines
of information cannot surely be deemed a very
onerous duty, even to a committee so numerically
small. We are not unaware, however, that the main-
tenance of the debt at an equable range in the mar-
ket is not always a point in which committees are
interested, however important it may be to the
smaller holders. Meanwhile we hear it whispered
about that further accounts of a complexion highly
important to the bondholders have been received in
certain well-informed quarters by the steamer
Severn, and a hope is expressed that in such case
the publication of them will not be deferred, as on a
late occasion, till the succeeding monthly packet
comes in. To-day's transactions are thus reported :
Brazilian Old Five per Cents., 983, 993. Belgian
Four-and-a-Half per Cents., 931, 1. Buenos Ayres
Six per Cents., 74. Dutch Four per Cent. Certifi-
cates, 921 93. Ecuador Bonds, 43. French Three
per Cent. Rentes, 70 f. (exchange, 25f. 50c.) Gre-
nada Deferred Bonds, 8). Mexican Old Bonds, for
account, 28th May, 311; ditto, New Three per
Cents., 24!, 1, t, 3. Portuguese Five per Cents.
(Brazil guarantee), 100; ditto, Four per Cents. for
account, 381. Russian Four-and-a-Half per Cents.,
1033. Sardinian Five per Cents., 981, 97. Spanish
Old Three per Cents., 48) ; ditto, New Deferred
Three per Cents., 201, 3, 1. Venezuelan Three-and-
a-Half per,Cents., 393.
The large profits arising out of the Peruvian
guano monopoly are strikingly shown in the rapidity
with which the redemption of the foreign debt of that
state is being carried out. Notice was to-day issued
of the cancel-meat of bonds to the amount of 8,0001.
These cancelments succeed each other very quickly,
and a curious feature of the case consists in a portion
of the debt (the Deferred Three per Cents.) having
actually come within the operation of the sinking
fund before any dividend whatever had begun to be
paid. Three redemptions have already been adver-
tised this year, as shown below :
February 13. Six per Cent. Bonds £B,ooo
Three nee Cent. Bonds
Mmb 20. Six per Cent. Bonds 7,600
Three per Cent. Bonds
May 21. Three per Cent. Bonds 8,000

Total £33,500
The money market remains fully as easy es last
reported. The reduction of the interest on Exche-
quer Bills and India Bonds, following the reduction
in the Bank rate of discount, is regarded as merely
another guarantee for the continuance of the present
plethora of capital.
According to the official returns published in the
Gazette of last Tuesday, the total note circulation of
all the private banks of England and Wales, during
the week ending the Bth of May, was 3,842,1121. ; in
the week preceding the amount was 3,840,8321.
There is consequently an increase of 1,2801.
The note circulation of the joint stock banks during
the same week was 2,964,8471.; and the previous
week's return being 2,984,0491., the increase is shown
to be 7984

On taking into consideration the active circulation
of the Bank of England, which in the week in ques-
tion was 21,846,1161. (being 12,9531. more than the
week preceding), we find the aggregate note circula-
tion of England and Wales to be 28,462,0741., which
shows an increase of 16,0331., as compared with the
returns for the previous week ending the let of
May, and an increase of 2,340,2401. compared with
those for the corresponding week of last year.
As regards the fixed issues, the private banks were
1,066,9831., and the joint-stock banks 443,1401. below
the amount authorised to be issued, making a total
of 1,601,1031. below the fixed amount.
The usual monthly statement of the Royal British
Bank appears in the London Gazette of Friday even-
ing, but from the manner in which the accounts are
rendered, no information whatever can be gleaned
relative to the position of the business of the
institution.

The amount of bills drawn by the Rut India Com-
pany on their respective Presidencies from the Bth
alt. to the 22nd inst. is as follows:
Rate of Exchange.
128,224 14 1
2a
16,586 11 IZ. per Co". rupee.
Bombay nil

Total
The bullion market remains quite bare, the arrival
of the West India packet being looked for, and
prices are nominally unchanged. There has been
some slight revival of the demand for silver for the
Indian markets dining the last two or three days,
although the shipments of specie by the Bentinck,
which soiled yesterday, amounted to only 32,00 W.
An important influence will be exercised on the
market for silver, both here and abroad, by the new
Austrian loan, which is to be in silver.
The imports of specie and bullion this week have
been smaller than of late. They comprise 130,000
dollars in silver, by the Asia, from New York; about
3,500/. in gold, by the Marmion, from Hobart Town ;
and 400,000 dollars from New York, by the Frank-
lin ; but a large portion of this amount was for
Havre. The Wellington, the arrival of which vessel
off the coast was to-day telegraphed, also brings in
about 30,000/. worth of Port Phillip gold. The total
value of these imports may be roughly stated at about
111,000/. Some half score of vessels, bringing large
quantities of gold, are advised as being on their way
home from Australia, and a considerable amount
will be received by the West India steamer now
beverul days overdue.
On the other hand the exports have been large.
The shipments direct from the port of London, for
the wetli ending Thursday, were as follows:—Silver
coin : To Rotterdam, 138,000 oz.; to Belgium,
295,000 oz.; to Boulogne, 22,800 or. Silver
bars: to Rotterdam, 91 500 oz.; to Dunkirk,
111,000 oz.; to Boulogne, 2,000 oz. (old coin: to
Dunkirk, 220 or. ;to the Mauritius, 2,50 W. The
total of these exports is 365,320 ounces of silver,
and 220 oz., and 2:OM. in gold, of the aggregate
value of about 145,0001.