The Express.
London, England, 1852-07-15 00:00:00

WIDNINDAT Evasixe.
The English stock market was steady to-day, with
less business offering, and with scarcely a fractional
variation in prices. bfoney was generally tighter in
the Stock Exchange, as usual on the occasion of a
heavy share settling, and the support of the market
is chiefly attributable to the continued purchases of
the national debt commissioners on account of the
proceeds of life annuities granted by the govern-
ment. The investment on this account to-day was
in Consols at 1001. The price of this stock did not
vary throughout the day from yesterday's closing
quotation of 1004 to 1 cx div. for Friday.
Arrangements for the settlement of this account have
commenced, and will probably progress quietly.
For the August account the quotation stands at 1001
to The official business report is as follows :-1
Three per Cent. Consols, for money, 1004, 3, cx div.:
ditto, for account, 1003, T
•• Three per Cent. Re-
' duced, 1011, 1. New hreo-and-a-Quarter per
Colgan 104', 3 ..1. Long Annuities, 1860, 6
16-16. South Sea Stock, 1111.
The transactions in the unfunded securities conti-
nue to be of a very ordinary character. Exchequer
Bills, March, arc worth 765. to 795. prem.; do. June,
695. to 725. prem. India Bonds, 91s. to 945. prom.
Foreign stocks remain firm, but this department is
not considered at present to offer a good. field for
operations. The attention of speculators is chiefly
directed to Mexican Bonds, which were to-day bet-
ter, closing firm at 264 for the new issue. Brazilian
Bonds continue very firm, and will probably see
higher prices, as it is known that the finances of the
empire are good, and that the redemption of the
foreign debt wilt be proceeded with as hitherto.
Sales are recorded to-day as follows :—Austrian
Five per Cent Scrip, 31, 41 prom. Brazilian Old
Five per Cents., 1011, 102. Dutch Two-and-a-Half
per Cents., 64, 631 ex div.• ditto Four per Cent.
Certifs., 97. Granada Defe;red Bonds, 9/. Greek
Bonds, 1824 and 23, ex over due coupons, 61. Mexi-
can New Three per Cents., 261, 1,3, 1. Peruvian
Deferred Three per Cents., .66. Portuguese
Four per Cents. Converted, 39. Russian Four-
and-a-Half per Cents., 1031, ex div. Sardinian
Five per Cents., 96, 933, I. Spanish I'assivc
Bonds, 6 ; ditto Old Three per Cents., 494, ;
ditto New Deferred Three per Cents., 221, cx.
div. Venezuela Three-and•a-Half per Cents., 43
French Four-and-a-Half per Cent. Itentes, 103 f. 25c.
(exchange, 23f. 40e.)
As we anticipated, a meeting of the bondholders
of Venezuela has been convened for Tuesday next,
the 20th, at the London Tavern.

The Belgian official journal announces that the
quotation of the Belgian funds on the Madrid Bourse
has just been authorised.
From Leeds, we are advised of two small failures
in the spinning trade. The firms of George Smith
and Messrs. Lodge and Hope have stopped pay-
ment, and will probably be made bankrupts.
From Vienna we learn that official contradiction
has been given to reports current in London and
elsewhere of a new Lombard loan being in contem-
plation.
The Court of Directors of the East India Company
have given notice that the rate of exchange at which
they will receive cash for bills on Bengal and Ma-
dras will, from the present date and until further
notice, be ls. I Id. the company's rupee, and for bills
on Bombay la. II jd. the company's rupee. This is
a fall of Id. per rupee.

The settlement of the account in the railway mar-
ket continues to engage great attention, and rumours
of embarrassment among the dealers were not want-
ing in the afternoon, whether well or ill-founded will
be known to-morrow. The rates of continuation to-
day have varied greatly, but on the whole were
heavier than yesterday. The accommodation
for carrying over shares has in a great mea-
sure been regulated by the standing of the broker,
as the tate high prices have induced more than the
usual degree of caution. The account has, as might
have been expected, displayed a large amount of
speculation for the rise, and the jobbers, not being
anxious to carry over much stock at the enhanced
values, have compelled weak holders to sell for this
account. This circumstance explains the wide
margin shown in the official list between the prices
of this account, or, in other words, money, and those
for " next time." Subjoined are the rates of conti-
nuation in some of the lines which have been most
largely dealt in :
London and North Western, 1, to per cent.
Great Western, to per cent.
Lancashire and Yorkshire, to j per cent.
Midland, jto per cent.
South Western, 1-16 to 3-16 per share.
South Eastern, 1-16 to 3-16 per share.
Caledonians, 1-16 to 3-16 per share.
The rates per cent. per annum shown in these con-
tinuations stand thus :

London and North Western, 41 to 12 per cent.
per annum.
Great IVestern, 61 to 121 per cent. per annum.
Lancashire and Yorlodure, 71 to 22 per cent. per
annum.

Midland, 4 to 16 per cent. per annum.
London and South Western, 3to t) per cent. per
annum.

South Eastern, 71 to 21 per cent. per annum.
Caledonian, 101 to 32 per cent. per annum.
These quotations are onerous, and it may ho ob-
served that although so wide a margin is shown as
between the lowest and highest rates in each instance,
business was done in the course of the day at the
extreme rates quoted. On French shares the rates
for caniing over were about the same as reported
by us yesterday.
The annual meeting of the proprietors of the
Union Bank of London was held to-day, when a
dividend was declared at the rate of 7 per cent. free
of income tax. The net profits of the institution for
the year are stated at 38,1711., and a sum of 8,0881.
is carried to the profit and loss new account. In an-
swer to a question from a proprietor, the Governor
stated that the directors were unanimously of opinion
that it will be advisable to adhere to the present
system of allowing interest on current accounts. This
lis an announcement of some interest in the present
state of the money market. The amount paid to the
;customers of the Bank for interest on their cuirent
and deposit accounts diing. the year exceeded
30,000/. The paid-up capital is 422,9001., and the
shares, with 10/. paid, were done in the hou•e to-day
at 171.
The transactions in bank shares this week have
been rather circumscribed, owing to the approach of
the meetings, but the inquiries are numerous, and
the tendency of prices continues decidedly upward.
Union of Australia shares have risen between -11. and,
51. during the week ; Australasia have again ad-
vanced IL; and Union of London It/s. The reports
presented at the successive meetings show that the
profits of these useful institutions are steadily in-
creasing, as the influence exercised by the depression
in the value of money is fully counterbalanced by the
gent ral extension of business. It thus appears, look-
ing at the established position of our well-conducted
joint stock banks, and the high dividends paid by
them, that in the present position of the money
market there are few more eligible investments to be
found. The sales recorded comprise :—Bank of Aus-
tralasia (401. paid), 541, 1, 55; Colonial (251. paid),
151; London and Westminster (20/. paid), 32 ;
Union of Australia, (251. paid), 47, 48, 19, 481, 50,
513 51 ; Union of London (lot paid), 171.
flock stocks remain firm. Commercial Stock is
quoted in the Stock Exchange list, 90 ; East and
West India, 158 ex div. ; London, 129 cx div. ; St.
Katharine, 871, 87; Southampton, 281.
In sham-boat shares there have been a good many
dealings. Peninsular and Oriental shares have
rallied considerably, and Royal Mail have also
risen. The last prices arc:—Australian Royal Mail, i
2 ; Eastern Steam, L prem.; General Screw
Steam Shipping, 501; General Steam Navigation,
284; Peninsular and Oriental, 821, 811, 821, 1, 811
54, 85, 84; ditto New, 34, 30, 351, 36j; Royal Mad
Steam, 79, 1, 79, 80, 81, 80.