The Express.
London, England, 1851-05-13 00:00:00

Two o'CLoce.
The final settlement of the monthly account in
Consuls, which was fixed for to-day, has not occu-
pied any great share of attention on the part of
the dealers, as business during this period hits, on
the whole, been in a quiescent state, and the
fluctuation involved (which is only i per cent. be-
tween the extreme rates of highest and lowest) is
considerably below the avcaage. The rate of 's con-
tinuation" at which the bulk of the bargains has
been carried over to the next account of the
10th of June is 3-16th per cent., at which
is equivalent to 21 iser cent. per annum. Prices
opened at yesterday s closing range, 97/ to Z for
money, which was fir some time maintained, but
more flatness has since become apparent, and the
present quotation is a shade worse, at 97/ for deli-
very, and 971 to : for the 10th prox. Business
in all the home stocks has been quiet. The official
(From the Nast-rune Erpr-os.) report is :—Three per Cent. Consols, 97i, I, 97;
A decided improvement has taken place in the I
weather • the wind, alter having blown from the north and 96. ; T _
ditto for account, 971, I ; Three per Cents. Reduced,
' o iderable time, shifted to the westward on the ~ 4 hree and-a-Quarter per Cents,, 97Z, 98,
east 4 lost. 'this eTnh'is change was followed by a rise in the tem. 971; Long Annuities, 1860, 7 3-16 ; Bank Stock, 211.
perature, and for some days past we have had bright sun- The unfunded securities are little noticed. Excite.
shine. That the wheat plant suffered more or leas in eon- quer Bills, 1,000/., mark 325. prem.; ditto small, 19s.
sequence of the keen east wind in April is certain, and the
reports from the agricultural districts state that the fields 545. „rem.
and 525. ; India Bonds, large and small, 535. and
do not wear so promising au appearance as they did a flirt- V .
exceedinglyrestricted in the foreign
night ago, the blade having in many cases assumed a yo. Business is.
lowish tinge; there is, however, still abundant time for the stock market, and prices remain as before. Consider-
recovery of the plant, should the weather continue genial, I ing the trifling extent of the operations in this
and we are by no means disposed to take a
our future prospects. gloomy view of i department lately, the regular dividend paying
backwardness of the season will render a . have attracted stocks, including Danish, Ituasian, and Dutch,
The general
pro-
summer necessary to insure an early harvest, and it is
therefore perfectly natural that holders of Wheat should be portionate share of notice ; a circumstance
rather more susceptible than usual in regard to the weather ' which is doubtless ascribable to the difficulty
The belief that the plant has gone back in appearance since which 15 still felt in procuring eligible employ--
the middle of last month, has certainly had some influence;
and the downward movement in prices has this week been I meat for capital. Investment in the English go veru-
checked ; indeed, at several of the farmers' markets held! meet stock is limited, owing to their present h igh
since our last, a rally to the extent of about Is. per qr. has price, and investors appear unwilling to ,'(o
taken place, but this improvement has not extended to Lao the railway share market, so luti,T
the ports, where stock+ of foreign Wheat are held. The las that department suffers from the depres-
range of prices will now be so entirely dependent on the
weather, that it would be vain to offer more than a very . sion lately noticed. The list of to-day's bald-
qualified opinion on the subject; but we are still inclined nose comprises only •.—Brazilian Old Five per
to think that the supplies from abroad will be on so liberal' Cent., small Bonds, 89, 90. Dutch Two-and-a-
-• scale as to prevent any material advance occurring in tho ' Half per Cents., 3910: ditto Four per Cents. Certifs.,
value of breadstuff., unless circumstances should hereafter s9i, Mexican Bonds, for account 16th May, 3.51, ?,•
take place to give rise to well founded fears in regard to Four per Cents., 331. Russian Four-and-
the probable result of the harvest. IPortuguese
Spanish Active Five
'The Wheat trade has on the whole assumed a firmer
tone, owing partly to the less favourable accounts respect- per
a-Half per Cents., 100, 99 g.
'Cents., for account, 191 ; ditto Passive, .5.1.
ing the plant already referred to, and partly to the small- i It will be observed that Russian Four-and-a-Half
ness of the deliveries from the growers.
I per Cent. Bonds reached 100 yesterday. They had be-
The supplies of oats from the growers have been so ex- ,
ceedingly small as to oblige consumers in the interior to ore touched 991, and the Small Bonds were dealt in
send to the ports on the coast, where foreign are held, for ,at 100 about a fortnight ago. Considerable invest-
what they have required, and at present there is no ale mews have been made in this stock during the lust
pearance of the upward movement in prices of this gram few months, and though it has been announced anew
being checked. The arrivals from abroad are now paying loan for railway,
purposes is in progress under the
importers a moderate profit; but quotations have lately ad-
direction of Baron Stieglitz, the market has kept
sauced so rapidly at the principal continental ports, that
unless some further rise should take place here, the most steadily on the rise. There are, however, at the pre-
recent foreign purchases will hardly pay. , vent moment few such stocks in favour here. French
From Scotland we learn that the weather had been of a Renter have not yet recovered from the shock of the
similar chars-ter to that experienced in the south, but it revolution. Peruvian Bonds are as high as those of
WWI not aptirjobeaded that the wheat plant had suffered
a newly whitewashed state can be expected to reach.
from delimit ba_ April. The trade for that grain was quiet
Brazilians are9o,notwithstanding.
on wedasslag both at Edinburgh and Glasgow, and there. the moral cer-
was not math hiss either in barley or oats, but prices of tainty of a war ; Danish having got over the war
the last-namad articles were well supported. struggle are rapidly advancing, and the Five per
Oar advises Ina Ireland state that a good consumptive Cents. are above par; Belgian Four-and-a-Half
.per
thineedi hal beam experienced for wheat and Indian had Cents., which it might be expected would rank high,
die lea sesiken, at full prices. Supplies of oat
are below Dutch lour per Cents., and mark only
list hieseesell materially, and their value had risen in pro-
pelling lathe advance on this aide of the channel, whirls 90 to 91. This is chiefly owing to the illiberal course
had readmai the execution of orders from hence exceed- pursued by the Belgian government to their English
bey dillaalL railway shareholders. The small sums retained as eau-
The snivels of wheat coastwise into the port of London timinement forthe lines which have not beenprosecuted
have bees small. mill, 3,086 qrs. having been reported up to ,
this (Saturday) evening. The quantity exhibited at Mark-
are the property of numerous shareholders, who look
lane by land-carriage samples from the neighbouring tout- with distrust on an administration so grasping,nor are
tics has meanwhile been trifling; still factors have been the accounts of the litigation with the government
unable to establish any advance. The few parcels offered and appealsagainst it calculated to inspiresatisfaction.
on Wednesday from Essex and Kent were placed at about Those shareholders who have completed portions Of,
previous rates, and, though there was scarcely any supply . •
their lines are held in terror of forfeiture for the non-'
fresh up for Friday's market, the demand was not suf6-
execution of the whole undertaking, a prospect by
eiently active to allow of enhanced terms being realised ;
but there was certainly less anxiety to sell, a better demand no means encouraging. It is stated the Belgian go-
being confidently calculated on. I vernment has in hand a measure for arranging satis-
R e have again to report a good supply of Wheat from factorily.its relations with the English companies,
abroad, upward* of 31,000 qrs. having come to band during
and it is to be hoped it will be soon carried into
the week. There was a slightly increased country inquiry .
on Wednesday for Polish Odes and similar qualities but effect, as the best step towards the restoration of its
buyers were not disposed to pay higher rates; indeed, to own credit. So long as the Great Luxembourg, the
make progress in
sales, it was necessary to take rather lower I West Flanders, the Dendre Valley, the Belgian
Eastern Junction, and other railway companies are
prices than before. notwithstanding somewhat improved i
demand. On Friday there was less doing than previously . kept in th • . en. present. suspense, no confidence will be
and quotations were precisely the same as in the begiusing , felt here
of the week. It in, the Belgian government.
Some of the commoner kinds of red wheat lately received 1 In addition to the communications referred to, the
from the Baltic have been parted with at 375. to 38x., and , notification given below has been issued, which, it
good to fine qualities the 0c to 435. per qr. These pro- I
will be ebeerved, will certainly ootPay mPoeten. and it u therefore Inol farther loan is thorimed be raised The
augives Mr.
tPoayno's denial that any
table that • of the supply will be landed for the , . .
chance of roleshigher terms late in the year. I notification of rho provision for the payment of the
There have been very few offers of floating cargoes of, next dividend will be received with satisfaction by