The Express.
London, England, 1853-05-02 00:00:00

[THREEPENCE.

Annexed is another letter relative to the Magda.
lens Steam Navigation Company :

TO THE EDITOR OP THE EXPRESS.
SlR,—Your correspondent, "A New Grenadian," is in
error when he says that the above shares are not marked in
the official list. They were placed in that list some weeks
since, and still remain there, although no market price (and
I fear there is none) has been quoted. By the prospectus
the concern was to have been divided into 10,000 shares of
201. each, instead of which I have good reason to believe
that the number upon which the deposit has been paid was
less by above 3,000; nevertheless, the directors inform the
shareholders, by circular, that they have contracted for the
purchase of two steam vessels. This appears to me to be
exercising a power which the directors were not armed with,
particularly as the subscribed capital fell short of what was
I required by above 60,0001. When I made application for
shares in the company, I considered that if the 10,000 skares
were not subscribed for, the directors would, as a matter of
course, return the deposit.—l am, air, your obedient ser-
vant, A SHAREHOLDER.
It is true that the name of this company is entered
in the list issued at one o'clock, but it has never been
placed on the complete afternoon list, which is pub-
lished in full by all the daily papers. We have for
many months made it an especial point to endeavour
to supply the omissions of this three o'clock list, but
it is greatly to be wished that the Committee of the
Stock Exchange would take measures to have all the
bargains which are recorded throughout the day in-
serted in a complete list published at the termination
of the day's business. Such a plan would tend to
greatly increase the business, and consequently the
profits, of the members of the house, for there can be
no doubt that the impediments at present existing to
dealings in particularclasses of miscellaneous shares (of
which impediments the difficulty of ascertaining a
prim is the chief) have the effect of creating a distaste
to these securities on the part of the public. It will,
perhaps, be news to many of our readers to be
informed that the three o'clock list published in the
daily papers, although tacitly sanctioned by the com-
mittee, and supplied with prices by the members, is
not an official list, and is quite beyond the control of
the committee. On foreign bourses lists are duly
issued by authority, and it is matter of regret that
the London Stock Exchange should not have a similar
convenience.

Annexed are the latest reports from continental
bourses, as received by Mr. lteuter'a telegraphic ex-
press :—Amsterdam, Friday : Dutch Four per
Cents., 94k ; ditto, Two-and-a-Half per 'Cents.,
63k. Spanish Deferred Three per Cents., 23 13-16 ;
ditto, Three per Cents., foreign, 471 ; the Counons,
; Mexican New, 261 ; Granada Deferred, 111;
Portuguese New, 39 ; Austrian Five per Cent.
Metallics, 81 15-16. Vienna, Saturday (this day):
Five per Cent. Metallics, 941; Exchange on
London, 10.44 ; Bank Shares, 1,496. Madrid,
Wednesday : Three per Cent. Interior, 43 15-16 ;
ditto Deferred Three per Cent., 241 ; the Passive
Bonds, 51; the Coupons, 4.
The Irish Bank returns for the four weeks ending
April 16, 1853, are as follows :

Circulation Average Average
Name and Title. authorised. Cannla- amount
tion. of Coin.
The Bank of Ireland
The Provincial Bank of Ireland 927,667 824,597 ' 222,127
The Belfast Banking Company
The Northern Banking Company 243,440 278,953 51,105
The Ulster Banking Company
The National Bank of Ireland
The Carrick-on-Bair National
Bank of Ireland 24,094 14,099 5,945
The Clonmel National Bank
Ireland 66,428 47,516 10,105
Total
6,354,494 5,515,632 1,171.893

From those numbers we find that the decrease
which has been going on for some months past in the
circulation still continues, although in a greatly
diminished degree, the total circulation of all the
banks for the past months, showing a falling off of
only 4,9121. as compared with the preceding month.
In the amount of bullion there has also been a de-
crease, to the extent of 67,0171. Comparing both
of those items with the figures for the corresponding
month of last year, we find an improvement in tho
circulation of 962,7741., and an increase in the amount
of coin held of 262,524/.