The Express.
London, England, 1851-09-12 00:00:00

MONEY MARKET.

THIS DAY
Two o'CLocc.

The market for the home funds has worn a heavy
appearance to-day, and the quotations at present rul-
ing show a decline of though business has been done
at a still further decline. The backward movement is
entirely owing to some rather considerable sales of
money Consols, which have been effected at 96. The
operation of the government broker, being restricted,
1a; exercised little counteracting effect. The
transactions in other government stocks during
the week have been more extensive than usual,
and yrius rendered more irregular, in conso-
quence of the approaching shuttinlF of the
transfer books; and as the Reduced fhrees arc
already closed, and the 'Three-and-a-Quarter per
Cents. will be shut this day, the business in this
market will be mainly restricted to Consols till the
middle of next month. The general feeling of the
market, it may be noted, is now rather better.
Consols opened 96,1 for money and 961 buyers for
account, and are now called 9t to I for cash, and
961 to for the 14th of October. The following
are the prices of to-day's business, as officially
given : Three per Cent. Consols, NI, 3, 96; ditto
for account, 96,!, 1; New Three-and-a-Quarter per
Cents., 981, 1. South Sea New Annuities, 951; ditto
Three per Cent., 1731, 951. Bank Stock, 2161, 215 t.
The market for the unfunded debt is characterised
by a quiet business, and no feature of novelty, Ex-
chequer Bills remaining at their late rate of 435. to
48s. prem. India Bonds, however, arc a shade
firmer, and the small amounts have been bought Is.
higher, at 30s. to 335. prem.
Foreign stocks of all descriptions arc exceedingly
quiet to-day, and no quotable change in prices has
occurred, the transactions being of the most routine
character. Mexican bonds have ruled at 27 to 1,
large operations being for a time suspended.
To-day's business list embraces the undermen-
tioned descriptions only :—Danish Five per Cents.
102 cx div. Mexican Bonds, 271 ; ditto for ac-
count, 16th Sept., 27, 1. Portuguese Four
per Cents., small bonds, 324, 334. Russian
Four-and-a-Half per Cents., 101. Spanish Active
Five per Cents., 201.
Further important intelligence received in the
City to-day from Australia, regarding the discovery
of gold at Bathurst, will be found in another part of
this day's impression.
'lle state of the Argentine Confederation has ex-
cited the deepest interest in the minds of the bond-
holders and the merchants connected with that dis-
trict. The change of diplomatic agents at this
moment is by some considered unfortunate, but it is
urged that, at all events, the Hon. Captain Core, the
new minister at Buenos Ayres, should be charged to
look after the claims of the bondholders, and obtain
their distribution among the several provinces of the
confederation. This becomes the more necessary, as
the throwing open the navigation of the interior will
divert customs duties from Buenos Ayres to the
inland custom-houses. It is therefore hoped the sub-

committee for Buenos Ayrean Bonds, will obtain
Lord Palmerston's intervention on this head. The
news received by the last packet is decisive and
important. On the 19th of July, the forces of
Corrientes and Entrerios, under General Urquiza,
forded the middle Uruguay in three columns,
and entered the Banda Oriental, when the opposing
forces immediately fraternised, and General Oribe
fled beyond the Rio Negro, upon which the forces of
General Urquiza and of Brazil were marching. All
the Banda Oriental between the Uruguay and the
Rio Negro is already in the power of Urquiza. On
the other side the Governor of Corrientes, at the
head of another army, is at Bajada, threatening to
cross the l'arana to Santa Fe, where Itosas has his
ally disposable force. The Brazilian admiral was
ranging the Parana and Uruguay at his wid. At
the last dates Roses seemed quite powerless, without
troops, without a general, and without co-operation.
It therefore seems that the first step has been taken
in a revolution which, by throwing open the naviga-
tion of the Parana, of the Uruguay, of the Paraguay,
and of the whole basin of La Plata, will exercise
most wonderful influence on trade and navigation.
The market for American stocks remains extremely
quiet, and prices present no feature. Messrs. D. Bell,
Son, and Co. report the following as the quotations
at present nominally ruling, to winch we have added
the latest New York prices, as advised by Messrs.
Cammann and Whitehouse:
London New York
Redeemable. Pricer, Pricer.
United States Epee Ct. Edo lBB2 106 107 111 112
Do. 6 per Cent. do lBBB 112 113 123 124
Do. 6 per Ct. Stock
Pennsylvania 8 per Cent. Slack
Maryland 5 per Ct. (sterlmg bonds) — 554 891 95 96
Ceroda 6 per Ct. Bonds 1874 108 109
Host n City 5 per Cant. 1859.1862 93 931
New York do. 5 per CO. Stock
The traffic returns for the last week on the under-
mentioned English lines of railway, us made up to
this day, are as follows:

1&51. 1860.
London and North Western.— £60,033 V 0,976

Midland
Lauca.hire and Yorkshize 18,320 16,609
Loudonand South Western man .... 13,125
London and Brighton
Great Western

South Faattrn
York and North Alidhuul 10,3U2 , 9,464

Eicetcr and Crediton

its

Bristol and Exeter
York, Newcastle, and Berwick 16,625 .... , 15,113
Shrewsbury and Chester 1,839 .... 1,822
Shrewsbury and Birmingham 606 .... 726
Great Northern 12,057 .... 5,795
Shropshire Union 6ll .... 445
Leeds Northern 1,325 .... .1,250
North Stafford hire
Manchester, Buxton, Matlock,
and Midlands Junction
Chester and 11 lylmead
Manchester, South Junction,
and Altrincham 589 ....
Bolton, Blackburn, Clitheroc,
and West Yorkshire 829 ....
East Anglian
Liverpool, Crosby, and South-
port

Total_ £239,EtG7

£205,03G

The total receipts on the corresponding lines being
239,7421., against 205,036/. in the corresponding
week of last year, the increase is shown to he
34,7061., or 161 per cent. The number of miles open
in 1831 was 3,7981, and in 1850, 3,6541, showing an
increase of 144 miles, or 31 per cent. The aggre-
gate average return per mile per week was, in 1851,
631. 2s. 2d., and in 1850, 56/. 2s. ld., so that the
difference remains in favour of the present rear to
the extent of 71. per mile per week. In this in-
crease all the great lines have participated, the ex-
pansion, however, continuing to be most marked
In the London and North Western, South
Western, Great Western, South Eastern, and Great
Northern. It is satisfactory to notice that the Mid-
land receipts at length again show an increase as
compared with last year, and it does not appear that
this has been produced by any occurrence of an ex-
traordinary character. The commencement of the
shooting season may be noticed as having increased
the receipts of most of the northern lines. The
London and North Western return is swelled by
the Warwick races, and the Great Western and the
Bristol and Exeter, by, the great half-yearly cattle
fair at Bristol. The York and North Midland, Ber-
wick and North British, and Scottish Midland lines
must have been favourably affected b her Majesty's
I):•artrogreizatteso
,ththeonuogret,hionewffeehitchonththe Great
rNh?nrct,hwellln
not be perceptible till next week, this particular re-
turn being a week behind the rest.
The return per mile per week on the chief lines is
subjoined :
1951. 1&50.
London and North Western £114.16 £100.29
Midland
Lancashire and Yorkshire 70.46 6.5 58
London and South Western

Great Western
4.52 .... 80.99

London and Brighton
South Eastern
York and North Midland
York, Newcastle, and Berwick 56.64 ..,. 61.57
OreatNorthern 49.97 .... 24.53