The Express.
London, England, 1853-08-08 00:00:00

'1 here were purchases of Consols in the morning
at 971, but the course of the market was steadily
downwards throughout the day. At the official close
the quotation was 961 to I for money and Thursday,
and towards three o'clock prices ruled at a further
reduction of 1. Attention may be directed to the
continued full in the Three-and-a-Quarter:per Cents.,
the stock which Mr. Gladstone now offers the trus-
tees of South Sea Stock in lieu of money ; sales were
made this afternoon at 100, equal to scarcely 99,
after making allowance fur the dividend that has
accrued. Only a day or two ago it was remarked
that the Chancellor would probably be able to issue
this stock on terms more favourable to the nation
than par, but judging from present appearances the
operation can only be carried forward by saddling
the nation with a positive increase of debt.
Unless this course be pursued, it would
evidently be more advantageous for the
trustees to require money and re-invest it in
the open market. Nor, if we look to the future, do
Mr. Gladstone's prospects appear more favourable,
as, even supposing the present grave political diffi-
culty to be settled amicably, the rates of money ap-
pear likely to go higher. The official report of busi-
ness in this department includes :—Three per Cent.
Console, for money, 97, I, 96i; ditto, for account,
11th August, 97, 961, t. Three per Cent. Reduced,
971, 1, tl. Three-and-a-Quarter per Cents., 1001, 1,
,), 100. Long Annuities, 1860, 51; ditto, 30 years,
1860, 51. India Stock, 2581. South Sea Stoek,llsl.
Exchequer Bills were quoted 3s. dis. to par ; but
in the afternoon this market was fiat, and no large
amount could be placed except at a reduction. India
Bonds mark 255. prem.
Foreign stocks were flat, but there was no marked
change in price, owing to sales not being pressed.
Russian stocks, however, are an exception, exhibit-
ing a steady decline owing to the uneasiness felt at
the obstinacy of the Emperor, which is inducing
wary holders to throw their stock quietly on
the market. Mexican is supported by re-
newed purchases, believed to be on Dutch account,
similar investments being in progress in Amsterdam.
At 4 o'clock, Mexican Bonds were quoted 25.1 to 26;
Peruvian Deferred, 57 to 59; Granada Active, 21 to
22 ; ditto, Deferred, 8; to 9 ; Spanish Deferred
Threes, 221 to The Committee's Certificates, 51
to 6} per cent. Sales are thus marked :—Belgian
Four-and-a-Half per Cent. Bonds, 98 (exchange
25f.). Brazilian Old Five per Cent. Bonds, 102; ditto,
Small, 102; ditto, Four-and-a-Half per Cent.
1852, 991. Chilian Three per Cent., 78. Danish
Three :per Cent. 1826, 84. Dutch Two-and-a-Half
per Cents., 64, 1 ; ditto, Four per Cent. Certifs.,
971. Mexican Three per Cents., 251. Peruvian
Four-and-a-Half per Cent Bonds, 82. Russian Five
per Cents., 1161, 116; ditto, Four-and-a-Half per
Cents., 991, 1. Sardinian Five per Cents., 941, 95,
941. Spanish New Deferred Three per Cents., 221;
the Committee's Certificates, 61 per cent.
Money to-day was in very brisk demand, and de-
cidedly tight. The current rate for discount of first
class paper appears to have been as much as 3) per
cent.

The East India Directors have lately changed
their charge for bills on India more often than usual.
To-day another rise of Id. per rupee was announced,
the rate being fixed at 2s. Old. per rupee for bills
on Bengal and Madras, and 2s. ld. on Bombay.
Amongst the rules of the Stock Exchange " appli-
cable to shares and stock of public eothpanies, at-
tention may very properly be called to the subjoined
regulation, which, being of recent enactment, does
not seem to be generally known :
Now RIME. —ln the event of any question arising from
the vendor having a larger coupon than the amount of
stock conveyed, or only one coupon, representing stock
conveyed by two or more transfers, the coupon may be
deposited with the Railway Secretary of the Stock Ex-
change, who shall forward it to the office of the company,
and certify to that effect on the transfer, which shall then
be a valid delivery. N.B.—Forms of instructions for the
application of coupons deposited under the above rule, may
be filled up at the rails's). department.
The imports of the precious metals this week have
been unusually large,owing to the almost simultaneous
influx of supplies from Australia, the West Indies,
and other quarters. Our list includes 40,395 ounces
of gold by the Queen of England, 11,000 ounces by
the Beulah, 2,700 ounces by the Golden Land,
20,623 ounces by the Nelson, and 69 ounces by the
Blorenge, all from Port Phillip; 3,0004 worth of
gold by the Robert, 29,336 ounces by the General
Hewitt, and 440 ounces by the Mary Bannatyne, all
from Sydney; 507 ounces by the Colonist, from Ho-
bart Town ; 628,461 dols. by the America, and be-
tween 2,0001. and 3,0001. by the Pacific, both from
New York ; 701,576 dols. by La Plata from the West
Indies (of which only 88,076 dole. were in gold, and
all the rest in silver); and 1,4001. by the City
et London from Gibraltar and Lisbon. This
afternoon the telegraph also announced the
arrival at Liverpool of the Arabia, with specie from
New York. Summarising the imports of the week,
we arrive at a total of not leas than 700,0001., of
which upwards of 420,0001. is in Australian gold,
irrespective of such further amounts as may be in
private hands.
The

statement of the exports of the
precious metals direct from London during the week
ending Thursday last includes 13,912 ounces and
2,0001. in gold, and 1,000 ounces and 5,0001. in silver,
representing an aggregate value of nearly 70,000/.
These shipments of gold were almost entirely to the
Continent. The account in detail is as follows:

Gold coin: To Hamburg, 1,937 ounces; to Belgium,
930 ounces; to the Mauritius, 2,0001. Gold bars :To
Hamburg, 4,820 ounces ; to Belgium, 4,300 ounces ;
to Boulogne, 3,s3oounces ; to Rotterdam, 373 ounces.
The other shipments reported to us comprise :
37,0651. by the It:pcm, for Aleximdria and the East,
of which 23,3001. was in sovereigns, and the rest in
bilvcr; and 7,0001. in coin, by the Blaekwall, for
Port Phillip. '1 he Orinoco has also taken out a small
sum for the West Indies, but the return is not imme-1
diately procurable. So far as returns can be obtained,
therefore, the shipments appear to amount to some
135,000/. only. As we have continued to report,
however, from time to time, the drain of gold to the
continent continues, the route selected being by rail-
way to Dover or Folkestone, and then by steamer.