The Express.
London, England, 1852-09-17 00:00:00

TeCRIMAT EVYSING.
The Cowed market was rather firmer to-day, the
rally of yesterday afternoon being well supported,
bat there was no business of importance. The price
ruled steady at 991 to 3 for money, and 991 to 100
for the 13th October. The other transactions in.
eluded Bank Stock, for account, at 2291; and India
Stock at 280.
Money was rather more in demand to-day, not so
much in the house, in connexion with the settlement
of the amount, as out of doors.
There were few inquiries for the unfunded securi-
ties, the bulk of the operations consisting of sales,
a fact which may be considered confirmatory of the
remark above made. The March Exchequer Bills
were quoted 725. to 755. prem.; ditto June, 07s. to
70s. prem.; India Bonds, 810 to 87s. prem.
In the foreign bond department there was only a
quiet business. Brazilian Fires reached 101, the
high credit to which this state has attained, conse-
quent upon the punctuality with which she has met
the claims of her creditors, rendering her securities
favourites with investors. It is much to be hoped
that some of the defaulting South American states
would profit by the example. Peruvian Bonds were
very firm, owing to the announcement in the
official organ here, that an additional naval force has
been sent to the Lobos Islands by the Peruvian go-
vernment, aid that ell vessels, or any nation what-
soever, that may load guano without the sanction of
the republic, will be subject to punishment for an
act of piracy. Our anticipation of the mode
in which tho question would be settled is
being fully borne out, and the announcement
in question was given by us several weeks
back. Turkish scrip was lower in the morning at
91, but rallied to 10 prem. The list of the day's
sales includes :-Brazilian Old Fire per Cents., 1031,
104. Danish Three per Cents., 1823, 84, 831; ditto
Five per Cents., 103. Dutch Two-and-a-Half per
Cents.,6s ; ditto Four per Cents. Certifs., itoi Gra-
nada One-and-a-Half per Cents., ex Dec., 1849,
coupon, 231 ; ditto. Deferred, 121, 1. Mexican
Three per Cents., 25!, Peruvian Deferred Thew
per Cents., G 6. Portuguese Five per Cents. Con-
verted, 1811, 41 ' • ditto Small, 401 ; ditto Converted
Four per Cents., 391, 381. Russian Five per Cents.,
1181, 3, ex div. Sardinian Five per Cents., 951.
Spanish Old Three per Cent•., 491, 1; ditto New
Deferred Three per Cents., 231 ; ditto for account,
30th Sept., 231 ; ditto Passive (Converted), 6.
Turkish Six per Cent. Loan, 91,1, 10 per cent. prem.
Tho dealings in miscellaneous shares include Co-
lonial Bank at 16; Commercial Bank of London, 29;
London Chartered Bank of Australia, 44, ; Royal
Australian Banking and Gold Importing (IL paid),
13, ; Union Buck of Australia, 501, 50 ; Crystal
Palace, 5; Royal Mail Steam, 79, 781, 79. Shares
in the Electric 'felegraph Company of Ireland are
now plated on the official list with bargains marked
at 11 (V. paid). Ebro Canal shares are very firm,
there being considerable orders to purchase on Spa-
nish account. English, Scottish, and Australian
Bank shares are quoted 11 to 13 prem. ; French
Crystal Palace, Ito 1 prem. ; Bordeaux and Cette
Railway. 11 to 11 prem.; Bezicrs and Graissessac
Railway, 1 to 3 prem.; Quebec and Richmond Rail-
way, to a prem. Shares in the Upper Railway
of India are regarded with favour, and command a
premium of 1 to 1. The applications from share-
holders in the East Indian Railway Com-
pany are understood to be large, as the Upper Indian
Railway, although 600 miles higher up the country,
will be on the same line of trade; so that the two
companies will play into each others hands to
mutual advantage.
At the meeting of the Bank of England proprie-
tary to-day a dividend at the rate of 31 per cent. for
the half-year ending the 31st August, as recom-
mended by the directors, was adopted without op-
position, although some of the proprietors appeared
inclined to cavil at certain points in the management,
consequent upon the falling off in the profits, and con-
sequent reduction of the dividend by 1 per cent. The
maintenance of the dividend at the high rate of 8
per cent. per annum, wars not, however, generally
expected, and on the whole it would appear that the
proprietary are satisfied with the dividend, consider-
ing the extraordinarily. low rates that have ruled in
the money market during the half-veer. After pay-
ment of the dividend the " hest' will amount to
3,031,1601.
The first call of 44 Bs. per share has just been
made by the directors of the Madras Railway, mak-
ing 41. 10s. paid. The call is to be paid la by the
30th inst.
This was " ticket day" in the share market, and
the Recount again proves a heavy one. Yesterday
the rates of continuation generally given evinced a
disposition on the part of the jobbers to make their
accounts as even as possible, with a view to being
prepared for the large amount of business that was
expected to offer to-day. Thus from the high prices
bid during. the last fortnight for all descriptions of
shares having induced large sales, speculative and
bona fide, the rates of continuation were a shade
higher than at the date of last settling.
The following rates were in all cases freely
given, viz., London and North Western, 3 to 1 ;
Great Western, 1-16 to 3-16; Midland, 3to 3-16 ;
Lancashire and Yorkshire, 3 to 1 per cent. • on South
Eastern, 1-32 to 3.32 per share; on Gledonian,
1.32 to 1-16 per share; and on Blackwalls, 1.32 per
share. After the usual hours of business there were
further sales on Manchester and Liverpool account,
which not only depressed quotations, but left the job-
bers with more stock than they bad expected. Con-
sequently this morning they were not free to " take
in stock at other than enhanced rates of continuation.
This, however, was not so noticeable in the lighter de-
seriptions of shares,which werecarried overat about yes-
ter&y's rates; but on London and North Western,
Midland, and Great Western, 1 per cent. was fre-
quently given ; and Lancashire and Yorkshire, at
first supposed to be scarce, were carried over as high
as 3 per cent., the jobbers freely offering 1 for the
accommodation. These enhanced rates are the more
worthy of consideration from the fact that during
the past week the dealers who were "short" of
London and North Western, Midland, and Lanca-
shire and Yorkshire stocks had to pay a " backwards-
tion " to the extent of 3 per cent. for the loan of the
stock until this day. It should, however, be re-
marked that late this afternoon there were borrowers
of Great Western stock ; while Great Northernshave
all along been very scarce, necessitating the payment
of about 1-16 baekwardation.
French shares and foreign stocks have been easily
carried over on very moderate terms.
The traffic returns for the last week on the under-
mentioned English lines of railway, as mado up to
this day, are as follows:
1862. 18.51. 1850.
London and North Western £62,403 „1:58,650 „1:46,706
Lancashire and Yorkshire 19,038 .. 18,018 .. 16,923
London and South Western 13,427 .. 18.301 .. 13,228
London and Brighton
Great Western
Midland
South Eastern
York and North Midland 10,637 .. 9,246
York, Newcastle, & Berwick 15,860 .. 14,957 .. 13,708
Shrewsbury and Chester 1.962 1,798 .. 1,781
Great Northern 13,313 .. 11,907 .. 6,650
North Staffordshire 6,528 .. 6,306 .. 6,273
Chester and H lyheed
Simi:Aire Union 628 .. 706 .. 439
Exeter and Crediton
Bristol and Exeter
Leeds Northern 1,613 .. 1,236
alunchestt r & SouthJ unction 686 .. 631
Birkenhead and Cheshire
Junction
Manchester, Sheffield, and
Lincolnshire
Oxford and Worcester 783 .. -
Shrewsbury and Birmingham 939 .. 786
Stockton and Hartlepool.... 2,283 .. 1,381
Newcastle and Carlisle 2,933 .. 2,100
East Lancashire 6,056 .. 6,037
Bolton, Blackburn, and
9
ClithOTOC 36 .. 914
Kendal mil Wiudermem
South Yorkshire
Manchester, Buxton, and
Matlock. 231 ..197

5,110
1,250
501

1,163

6, ea
754

;: 4,7L5

1,120

~ 260