The Express.
London, England, 1853-07-12 00:00:00

JOINT STOCK HANKS.

No. ft. I Bo ix..
lulu 40 \Amenlais ....
40 Brit. Col. Boni/Lan Col
20:0* 50 BOO* North American . 1
40.001 25 Chartered Dank of AsM
50011 40 lettitialitkdoj hid*. Am•
20.012.1100 'Colonial . ..
_..
215.00 100 .Comin,roihl of .LoMion ...
1 25.000 .. Eng., 0 ot., & Aug. Chart.
25AM 20 ',Lon. Chart. hook of Awl.
10,000 50 Loudou autl County .....
60"
41 w'LOW.. Joint Stock .• . .
50.01 lOU 11 lon and Itentnim..er
PAY* Do 'Nati. mai !'rot. of Couland
10,00 t 411 Do. New.. ..... ......
:OA* 54 National of Irelat.d .....
3.3.272 25 Oriental Hank t oryora lon
20,004 WO ' enrol:mita of Ireton i
4,0 0 10 I Do. New .
WADI, 0 Noyal AuttraDan *midst
atol Hold Imp. Co.
&Mt 26 Math Atotrdta .. ....
11.0,001. IA tinlon of Auttralla
11.00 Ito. New.
60,004 Union of LOudon ......
iCnlon of Madrid

is aw! t.

I i W.
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49 61

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Madam done
to-day.

Ali! ez bonus

MONEY MARKET.

MONDAY IRKING.
The improvement of Saturday was not supported
in the English stock market to-day, prices closing at
a slight declive. A new circular note from the Rer
sian government came to hand in the columns of the
official St. Petersbury Journal, but, as no translation
was published throughout the day, it commended
very partial attention. The first impressions derived
from the perusal of this important document are un-
favourable,
as it fully maintains the position lately
assumed by the Russian government, and, in its
general tenor, continues to insist with undiminished
firmness on the concession of Prince Menchikoff's

latest demands. Although in parts the note reiterates
the pacific intentions which the Emperor professes
to entertain towards the Porte, another unfavourable

element is introduced in the angry reference to the
naval movements of Great _ Britain and France,

which Russia pretends to consider a " maritime occu-
pation," and justificatory of the occupation of the
provinces of the Danube by the Russian troops. We
are thus left to infer that the withdrawal of the two

fleets will be insisted on by Russia as a preliminary to
the evacuation of the Principalities.
Console ranged to-day between 98 and 981, and
were last quoted 98 to 1 ex. div. for the 19th inst.,
being 3 worse than they
.closed on Saturday. The
4E44 business report includes :—Three per Cent.
Cluanoli, for money, 981, 98, 1, ex div.; ditto for
the opening, 19th July, 981, 1, 98, 1; Three per
Cent. Reduced, 981, 3, 99, 98/ ; Three-and-a-Quarter
per Cents., 1011, 3, ; Long Annuities, 1860,
5 13-16 ; 53. India Stock, 256; South Sea Stock,
1151 ; Bank Stock, 2281.
Exchequer Bills were again flat, ruling at par to
3s. prem. India Bonds mark 255. to 28s. prem.
The foreign stock market exhibited scarcely any
alteration worth recording, business being very quiet.
Spanish Deferred was better. At 4 o'clock, Mexican
Bonds were quoted 261 to 27 ; Peruvian Deferred,
58 to 60; ditto Four-and-a-Half per Cent. Scrip, 2
to 1 die.; Granada Active, 211 to 221; ditto De-
ferred, 9 to 91; Spanish Deferred Threes, 224 to 3 ;
the Certificates, 53 to 6 per cent. In Portuguese
there is no hange. Although Senor Pereira,
who was understood to have been deputed
to this country to make some arrangement
with the shareholders, has been in England three
weeks, he has not yet put himself in communication
with the Portuguese committee—a course which ex-
cites a good deal of surprise. It would appear that
the Portuguese agents hope to get the new arbitrary
conversion smuggled through without further dis-
cussion : but the committee are laudably continuing
their exertions with a view to frustrating this nefa-
rious operation, and it is greatly to be hoped the
bondholders at large will back their committee and
refuse to convert. So far as their dividends are con-
cerned they will lose nothing by ;ignoring the con-
version, as, whether they convert or not, they are in
future to be paid at the reduced rate of 3
per cent. per annum only. It thus becomes the
bondholders direct interest to retain possession of
their securities with all their present rights, and an-
other inducement to the adoption of this course rests
upon the refusal of the Stock Exchange to recessing
any new bonds or securities issued by the Portuguese
government. The sales recorded to-day are as fol-
lows :—Brazilian Four-and-a-Half per Cent. Bonds,
981, 1. Danish Five per Cents., 1061, 1. Dutch
Two-and-a-Half per Cents., 631 ex div.; ditto, Four
per Cent. Certifs., 963. Mexican Three per Cents.,
263, 27. Peruvian Four-and-a-Half per Cent. Scrip,
12 dia. Portuguese Four per Cents., 41. Rosin
Five per Cents., 1173; ditto, Four-and-a-Half per
Cents., 1001 ex div. Spanish Old Three per Cents.,
463, 1,1 ex div.; ditto, New Deferred Three per
Cents., 221 cx div.
The shipments of gold to the continent, to which
ws have often drawn attention of late, continue.
A defaulter was declared in the Stock Exchange
to-day, but the party in question is a young member,
and his liabilities are not believed to be large.
The Stebonheath has arrived from Port Phillip,
whence she sailed on the sth April, with 46,000 os.
of gold, and the Syria, from the same port, with dates
of the Bth March, and 6,890 oz. of gold. These two
vessels consequentl7 bring together 52,890 ounces,
worth 211,0001. The Earl of Hardwick° is also in
from Sydney, her dates of sailing being the 23rd
' March, but it is not yet known if she has any gold
on board.
The Asia has brought in from New York 591,082
dole., worth nearly 120,0001. The annexed observa-
' tions on the stock and money market of the Union
are supplied by Messrs. Common!' and Co.:
During the latter part of the past fortnight there has been
considerable animation in speculative stocks. The post-
ponement of the dividend on Erie Railroad stock to Ist
October next, because the net earnings for the current half
ear (although the business of the road has been much
larger than for the same period last year, and in excess of
the estimate of the director) are not sufficient o authorise
the payment of one at the usual time, produced a panic in
that stock, the influence of which was more or less felt by
the whole market. The sales have been large, sad the de-
cline is Erie was about 9 per cent. The lowest point wu
78. It has since rallied, and the closing quotation
is 801. As confidence in the different classes of
bonds continues uninterrupted, their market value
has been but slightly affected. The convertible bonds of
1862 and 1871 yielded only 11 to 2 per cent. But few of
the former have come into market, and some purchases of
the latter for European account niece the arrival of the lot
steamer from Liverpool have placed them again at the old
quotation. From the large amount of these held abroad
their future price will to some extent depend upon the
quotations from London. The market for government and
state stocks shows the same firmness as for some time past.
The demand for U. S. loans for government account and
banking purposes is sufficient to absorb all that are offered
at advancing rates. There is a better inquiry for the va-
rious state and city bonds, chiefly for domestic account, a
very large proportion of the orders from abroad being for
railroad securiti. s. The treasurer of the state of Pennsylva-
nia gives notice that proposals will be received until the 9th
August next for 1,000,008 dole. of twenty-five years Five
per Cent. Bonds, free from tax, to be issued to provide for
the payment of that portion of the state debt due within
the present and coming year. In railroad securities gener-
ally there is no new feature. Money continues abundant.
Interest on demand loans has declined to 5 per cent. Ex-
changes are firm. The exports of gold for the fortnight
amount to 1,022.221 dollars. The receipts from California
are 523,000 dollars.
The corn trade to-day was very quiet, and prices
of wheat nominally unaltered. Barley and oats rule
6d. to Is. dearer than they were eight days ago.
The foreign arrivals of corn in London last week'
were rather large.
Land shares were fairly supported to-day, but'
were not buoyant at the close. Australian Agricul-
tural were last quoted 68 to 70 ; Peel River, 11 to 2
prem.; and British American Land, 66 to 68.
Australian Bauk shares were quiet, but Union of
Australia advanced 10s. Crystal l'alaco shares closed
23 to 3 prem., and the new issue, 11 to 13 prem.
The General Screw Steam Shipping Company's
shares mark 4 dis.
On the authority of the Baltimore American we
learn that the wheat harvest is actively progressing
in Maryland, Virginia, and parts of Pennsylvania.
The statements that were made some weeks since of
the depiedation of the fly and joint worm are now
generally admitted to have been exaggerated, and