The Express.
London, England, 1851-10-29 00:00:00

business will be transacted at the transfer offices of
the Bank on Saturday next (the Ist November),
being the day set apart for the making up of the
transfer books. As a matter of course the Stock
Exchange will consequently be closed.
The market for foreign exchanges yesteid .y was in
several instances a trifle lower, influenced by lower
quotations from abroad for bills on London, and by
the reduction of discount, which naturally limits the
margin between quotations on the London exchange
and abroad. Paris was in demand, money being over
at 23.40 for three months' paper, but only very little
was offered ; short was done at 25.25 to 27!. Ham-
burg. which rose considerably last post, maintained
its previous quotation of 13.101 to 1, paper being
rather abundant. Amsterdam, however, was not so
much in the market, and was a shade lower,
being done at 11.191. There was a de-
mand for Frankfort, in which negotiations
took place at 1201 to !. Bills on Italy, Sicily,
Spain, and Portugal, were all very flat, and in every
instance done in favour of the buyer, with the sole
exception of Naples, which closed 40! to 1. St.
Petersburg, being inquired for, was done at 36! ; and
some demand for Vienna and Trieste prevented a
further rise in these quotations. The price was 12.30
to 33 for Vienna, and 12.33 to 37 for Trieste, with a
very limited amount of business.
The Herald° gives • table of the progress of the
Spanish customs' duties, which will interest the
bondholders:

1814
1838
1842
1843
1846
1848
18i0

A corresponding table of the arrangements with
the foreign creditors would be amusing, as it would
show a continual decline in the value of their pro-
perty by successive repudiations and conversions.
From its want of faith the government of Spain
is in such a condition that its Treasury bills cannot
be negotiated at a less interest than 10 to 15 per cent.,
notwithstanding the customs' revenue has increased
front 600,000/. in a time of war, to 1,760,004)1., or
nearly threefold in a time of peace and diminished
expenditure. It is this increase of the resources of
Spain, which, in our opinion, justifies the exertions
of Mr. Tasker, Sir Henry Bay.ly, Sir John Fitz•
gerald, and Mr. Lea, in following up the Spanish
ministry, and we hope they will not desist from it.
The market for silver still shows symptoms of a
rally from its late depression. The bar silver by the
West India steamer, Thames, was to-day sold at
ss. o:,d. per oz., being an advance of Id. on the rates
previously current. Dollars have also experienced a
corresponding improvement, being now quoted,
4s. 100. per oz. Columbian doubloons are firm at
3/. IBs. per oz., being much in demand for remittance
to the Brazils. Spanish doubloons are worth
31. 10s. 3d. per oz.: American Eagles, 31. 16s. 21d.
per oz. ; and bar gold, 31. 17s. 9d. per oz.
The price of gold is firm at Paris, and of silver
likewise. Sovereigns remain at 25 fr. 10 to 20, with
exchange at 25 fr. 27 for short. On pillar dollars
there is a wide margin to cover a possible decline,
but as silver bullion is higher here, a rally may be
expected.
A very judicious arrangement has been adopted
by the Sardinian Minister of Works in consequence
of the contract for the section of railway from Turin
to Novara being let to Mr. Bra.s.sey. The minister'
has addressed a circular to the Governor of Novara
on the advantages to be expected from the railway,
and the propriety of giving every support, by inorul
co-operation with the contractor, by moderate ar-
rangements for land and compensation, and by giving
every facility in the enrolment of labour and the
maintenance of public order.

KNOLIBII FUN 00.—Tuts Dee.
Beak Block. 'dl4 15 . La.: aronoltsgg.
3 per Ct. Kalnewl. el 1 In•lia Steck. :hit 3
3cCt. Consols. 971 I Unto 1ker1x.1.99411..60,.. 63, pm.
per Ct. Lonion. 9.4 i Exehequer 111115.1.~.. 43 ti
for Anil.. 971 4
TOREION FUNDS.
41 per Ct. Belgian. 613 . 1 I Wl' ti. Mexican. 163 1
5 per Ct. itravkau. 64 d 41 per Ct. Peruvian. 4444 9
Lia. New. 044 ef DitL. • Deferred. 41 3
4 per Ct. kniesig.a> res. 40 5 5 pow Ct. Portumie•-, 65 7
Ii per 4.3. Clolism, liti 4 6 per 43. Ku.met, 111 ITS
3 per et. Chiletn. 64 0 41 per Ct. Raitiagt. 141/ 24
3 per Ct. aguish. 16d 6. per CL,rwolzh. Acute, .641

per CL. Mad.,
4 per Ct. Dutch. W 3 Pi
Equaulor, 3 t
1 INA CL Cireasela, 131111
&Mullen Spa

iVt;
ircr Ct. VenexutLt. 33 4
loefornAl. 11 12
Get.. 24 Jla