The Express.
London, England, 1851-08-15 00:00:00

RAILWAYS.

THIS DAY.

Two o'CLocw.

The share market opened with a flat appearance
this moiling, and prices have manifested a decided
downward tendency. Caledonians have fallen 35.,
Great Yortherns 55., Great \Vesterns 10s., Midlands
11., Smith Easterns 10s., and Berwick and York
and North Midlands 7s. 6d. Great Westerns
have been transacted at 811 to 82, and London and
South-Westerns at 801, both with the dividend off.
Lancaiaire and Yorkshires have receded to 471. The
dividend for the last half year on this stock has been
fixed at 2 per cent., which, it is stated, will leave
10,3151. to be carried on to the current half-year.
This being pay-day, the liquidation of the balances
arising out of the fortnight's account has been in
rczz ).
st,rand appears to have been attended with no
i

MAUS AIM STOCKS

MONEY MARKET.

IHIS DAY.

Two o'CLoeic.

The English stock market has again shown some
degree of heaviness to-day. More demand for money
is felt in connection with several branches of busi-
ness, and sales of Consols for cash have continued
to offer, exercising, as a matter of course, a
depressing influence on the security markets gene-
rally. An impression is prevalent, that the Bank
returns to be published to-night will be less favour-
able than of late, as showing a reduction in the
stock of bullion; and this renders the market more
sensitive, although the purchases of the government
broker continue, and must in the aggregate absorb
a large amount of stock. Of speculative opera-
tions for a fall, there do not appear to be any at
present; the time bargains concluded in Consols this
morning have been rather in an opposite sense.
Consols are now quoted 3 lower than they closed
yesterday, at 937 to 3 for money, and 96! to 4,, for
the Ilth September. The prices of the day's busi-
ness are as follows :—Three per Cent. Consols, iNil
; do. for account, 961, ; .Ihrec per Cent. ItedZed,
94,:t. New Three-and-a-Quarter per Cents., 99,
991. Long Annuities, 'MO, 7!.
The unfunded securities have been more offered
to-day, and a downward tendency is evinced. Ex-
chequer Bills were at first quoted 475. to 4535. pron.,
but now rule Is. lower, at 4th. to 495. prem. India
Bonds mark 555. to 58s. prem.
The foreign investments continue to attract only a
very limited share of business, and no attention ap-
pears to be directed to any description but Mexican
Bonds. The price of this stuck shows little tendency
to rally. from its recent severe depression, in view of
the entire absence of any consideration calculated
to raise the hopes of the bondholders. A very un-
favourable view of Mexican credit is taken, and
parties are not slow at expressing apprehensions as
to the payment of any future dividend, for which
. purpose the paltry amounts as yet received are cer-
tainlv quite inadequate. Bargains are officially marked
as follows: Brazilian Old Five per Cents., 911.
Dutch Two-and-a-1411f per Cents., tilt; ditto Four
per Cent. Certificates, 93,1. Mexican Bands, 29, 1,
29; ditto for account, 29th Aug.,9L. Peruvian
Five per Cents., 184'J, 901. Sardinian Scrip, par,
dis, par.
The following shows the extreme rates at which
bargains have been concluded in the more speculative
descriptions of foreign bonds during the account now
closing :
Mexican Bonds 3l: 281
Peruvian Five p r Cents.
Spanish Active Five per Cent. 211 201
1)o., Pieoive 6l Jry{Sardinian Scrip A prem. dis.
It will be seen that the fluctuations of Mexican
bonds have been very heavy.
The American stock market remains quiet, with
only a limited business offering. Messrs. D. Bell,
Son, and Co. report the following as the quotations
at present ruling, to which we have added the latest
New York prices as stated by Messrs. Cammann and
Whitehouse : _ . .

London :SP York

Redeemable. Priam Prier.
United StateeS tor CUD&
******* 1992 1041 1091 110 112
no 114 1121 142. 123

1041
Do. 11 je-ei Cent. eo.
Do. 6 per Ct. toeko
New lock torte 5 per Cent.
New York City 5 per Cent 1834.11170 90 91
Bolden rte :0 per Cent. Bond.
l'enneylvanis S per UAL Stock
089,6 per Cent.
Mawaetwetts 3 per Ct. (sterling WU) 1468 1011 1091
Mart land 3 per Ct. (eerlang bonds) 89 DO 97
Canada 6 per Ct. Bowls 1174 I"m* 1094
At the annual meeting of the Royal Insurance
Company yesterday a dividend was declared at the
rate of 3 per cent. 'rhe report stated the sum re-
ceived for premiums last year in the tire department
to have been 41,0271., showing an advance of 27 per
cent. over 1849. After the payment of the dividend,
amounting to 13,5901., a balance would remain of
12,119/. to he carried to the re-assurance fund.

The subj.nincil table shows the extreme prices at
which business has been done in railway shares
during the account now closing, as also the ttuctua•
tion per share and per cent.:
z:d.

Fluctuations
litgbed. Lowest. Pert:dun:. P.Ct.

St—Aberdeen
50 Cak.l9ntin .:71.111 ....
1:4
50 Chester and 1101yeeed ... 161 16
20 Pastern Countlea 6l 6
23 F.st lance-hire
56 Edilibu, eh and Glaegwer
21 Great Northern ........
1.0 Great western
100 Lancashire and Yorkshire .. 52 47
:II London and Blackwell
100 Loudon, Bnghteck and
South Coot
100 London and North Western 125 ... 121 11 ...
3
100 London o and South 99e.ten9 1131 .. 112 i
100 Kineheeter. -beheld, an I
Lincoltaddre NI 27
100 Midland 44 401
21 North British
171 North Starlordshire II 7
SO Oslord, W.,recater. and
Wolcerhanieton ....... .... 14; ... II
In Routh Eastern
25 York, Newcastle, & Beranek 191 ... 191
SO Yore and North 51idlend 19, 1:1
We arc informed that at length a satisfactory
arrangement has been come to between her Majestv's
government and the Trustees of the Strew l'ropelier
for the use of the patent.
The traffic returns for the last week on the under-
mentioned English lines of railway, as made up to
this day, are as follow ;

1851. 1850.
London and NorthWe‘tern £70,'230 .... £63,122
Midland

Laneo.hire and Yorkshire 18,223
.... 16,916
London and South Western 18,457 .... 14,150
London and Brighton
Great Western

South Eastern
York and North Midland
Exeter and Credit=
Bristol and Exeter
York, Newcastle, and Berwick 16,500 .... 13,701
Shrewsbury and Chester l,BlO .... 1,766
Shrewsbury and Birmingham 630 .• • . 744
Great Northern 14,149 .... 3,187
Shropshire Union 713 .... 513
Leeds and Think 1,278 .... 1,612
North Staffordshire
Manchester, Sheffield, and LUX
eolnshire 7,568 .... 6,578
Manchester, Buxton, Matlock,
and Midlands Junction
Chester and 11.1yhead
South Wales 1,376 ... 1,087
London and Blaekwall
£215,245

Total £266,9',8

The total receipts upon the corresponding lines
being 2(16,8781., against 213,2431. in the same week
of 1830, the increase is shown to be 31,633/., or 24
per cent. The number of miles open was, in 1851,
3,8761, and in 1830, 3,6341, showing an increase
of 242 miles, or 6 per cent. The average return
per mile per week was, in 1851, 681. 166. 9d., and
in 1830, 591. 4s. 4d., so that the difference is in fa-
vour of the present year to the extent of 91. 12s. 3d.
per mile. There is thus no diminution in
the extraordinary movement which has now
for two months and upwards been observed upon
the metropolitan lines, and by which the dividends
of the current half-year will certainly be consider-
ably augmented. The most favourable comparison
is presented by the London and North-Western,
South-Western, Great Western, South-Eastern,
Great Northern, and Brighton lines; whilst the
Midland continues to show a falling off. The Brighton
receipts are swelled in both years by the Brighton
Races, and those of the York, Newcastle and Ber-
wick by the Ripon Races. This
,year's return on
the Midland embraces the Leominster Races, and
the last scar's the Worcester Meeting. The week
under review has been marked by a general reduc-
tion of fares, with a view to induce the increased
excursion movement usually noticeable at this
period.
The returns on Scotch lines are as under :

Glasgow and South Western
Aberdeen
Edinburgh and Glasgow 4,06.5 4,362
Caledonian 7,424 •• • • 7,903

Scottish Central

ii:iaii

Total