The Express.
London, England, 1853-08-02 00:00:00

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hiONDAT BYZNING.
The English stock market again gave way to-day,
and showed heavineps to the termination of business.
A good deal of stock his.been sold to-day, and the
aim& of England is understood to be selling. This
impression strengthens the opinion of those who
think that, owing to the immense development of the
trade of the nation, money will yet command higher
rates. Both in and out of the Stock Exchange to-
day money was in more demand. The drain of gold
to the continent, and the absence of any satisfactory
advicea from the east of Europe, tend to increase the
prevalent tendency towards depression, which was
further aggravated in the afternoon by telegraphic
intelligence of a fall of per cent. on to-day's Paris
bourse.

The bargains in Consols ranged between 971 and
981, and the closing official quotation was 974 to 98,
both for money and the 11th August. Later in the
afternoon, however, the price ruled at 97 to only,
and so closed. The official business report includes
Three per Cent. Console, for money, 98, 1, 971;
ditto, for account, 11th August, 98, 971. Three per
Cent. Reduced, 981, 1. Three-and-a-Quarter per
Cents., 1014, 4,, 1, 1. Long Annuities, 1860, 6.
South Sea Stock, 116. Bank Stock, 228, 2271._

Exchequer Bins ruled at 2s. dia. to la. prem. India
Bonds mark 22a. to 275. prem.
The foreign stock market was flat in tone, but
prices do not seem much affected. Mexican showed
heaviness, especially in the afternoon. Spanish De-
ferred was rather better, and a good deal of business
was done in the Committee's Certificates at as high a
figure as 7 per cent., but a reaction took place in the
latter towards the close. Portuguese Fours were
done at 42; to 43 ex div., which represents a slight
improvement. At 4 o'clock, Mexican Bonds were
quoted 26; to ; Peruvian Deferred, 58 to 60; ditto,
Four-and-a-Half per Cent. Scrip, 2 die. to par ;
Grenada Active, 21 to 22 ; ditto, Deferred, 9 to 9a;
Spanish Deferred Threes, 231 to a ; the Certifi-
cates, 64 to 6; per cent. Sales are thus marked :
Danish Five per Cent. Bonds,lo6;. Dutch Two-and-
a-Half per. Cents., 644 • ditto Four per Cent. Cer-
tifs., 98a. Granada Deferred, 9a. Mexican Three
per Cents., 261, g, a. Peruvian Four-and-a-Half
per Cent. Bonds, 83„, I. Fortuguese Four per
Cents., 43, 42-1, ex div; do. ex. all overdue coupons,
40. Russian Four-and-a-Half per Cents., 102,
1014. Sardinian Five per Cents., 90, 951. Spanish
New Deferred Three per Cents., 23;; the Com-
mittee's Certificates, 61, 61 6a, 7, 61 per cent.
The arrival is reported this afternoon of the
Queen of England, which sailed from Port Phillip
on the 17th March. This vessel is stated to have
on board 40,395 ounces of gold, worth about 161,600!.
The amount of gold brought in by the Beulah from
Port Philip is 11,000 ounces, valued at 44,0001. The
Robert, also reported last week as in from Sydney,
has no golden freight, but about 3,000!. worth in the
hands of passengers. The America has:deo brought in
528,461 dollars, or about 105,7001., from New York ;
and the La Plata, 701,576 dollars, or 140,000!., from
the West Indies, of which 613,500 dollars is in sil-
ver, and 88,076 dollars in gold.
The subjoined is interesting to the bondholders of
Mexico:
The Mexican packet has brought to the joint order of
Colonel Facie) and the Chairman of the Committee of Mexi-
can Bondholders 16,655 dole. Mc. from Vera Crux, and
5,675 doll. 44c. from Tampico, together 21,231 dole. 300.
Exclusive of these, there are now at the Bank of England,
to the credit of the dividends, 71,3121. Is. Bd. Mr. Falcon-
net's letter to the committee is dated the 2nd ult. In reply
to his protest against the seizure by government of four
months' produce of the ue assigned to the bondholders,
the Minister of Finance wrote as follows :
With reference to the protest with which your letter
macludes against the application of the funds lot
Me foreign debt to other objects, his excellency
the president desires me to say that it is noto-
rious that on taking charge of the supreme govern-
ment he found the exchequer empty and all the revenues
hypothecated, so that there was no money even for the most
pressing wants of the public service, for which reason all
parties in favour of whom the hypothecations of the cus-
toms duties had been made spontaneously agreed to place
the produce of them up to the end of April at the disposal
of the government, resuming their former rights again on
the Ist )fay. His excellency thinks that he ought to expect
equal consideration from the bondholders, convinced as
they ought to be of the conservative intentions of the go-
vernment, without which there can be no security for the
fulfilment of even the most sacred engagements ; and that
the present administration, while yielding to an imperative
necessity is disposiag of the funds assigned to the creditors,
is already occupying itself in devising some arrangement by
which, without imposing new sacrifices on the bondholders,
the punctual payment of the dividends may be secured to
them in a solid and stable manner, as it is but just, and cer-
tainly the desire of the government, for the sake of its own
credit and good name, that it should be."
Mr. Yalconnet, in his rejoinder, had again strongly
pressed all the proper points on the attention of govern-
ment, and also made a formal application to Mr. Doyle for
Ma interference to protect the property of the bondholders.
Mr. Falconnet expected in a few days from the date of his
letter to have an interview with his Excellency the Presi-
dent, to deliver a memorial from the committee on the
subject of the present state of the foreign debt of Mexico—
verbally to expatiate upon it. The project of a bank in
Mexico, which was to farm the customs :revenues and pro-
vide for the payment of the interest on the foreign and
domestic debts, continued in abeyance, but without having
been wholly abandoned. The new tariff was considered
much too high to be productive. It was said that the new
duty on a bale of printed cotton geode would amount to 110
per cent. on its real value. The agents in Vera Crux esti-
mated the probable amount of the bondholders' share of
the import duties there for the month of May at 63,000
dollars, and for June at 62,000 dollars. The government
was rapidly increasing the army, but had as yet failed in
devising any measure to place the finances on a better
footing.
Continuing our record of the conversion, we annex
a statement newly issued from the South Sea House
of the amount of stock commuted by parties residing
out of England, to whom a longer period of time
was allowed for signifying their willingness to ac-
cept new stock. This further return leaves the
matter very much in its former position :
Amount com-
muted from 4th Amount pre-
Name of June to 29th Jely vioualy com-
Securities. by persons on muted to 3rd
the Continent. June.
New 34 per Cents £so7 4 5 £102,1592 12 0
New 24 per Cents. e
Exchequer Bonds Nil 6,270 18 4

Total
From an useful statement drawn up by Mr.
Miller, of the Jerusalem Coffee-house, wo are enabled
to extract some interesting particulars as to the pro-
posed course of our Australian trade during the
month now commenced. It appears that no less than
96 vessels, many of which are of largo tonnage,
are fixed to leave Gravesend, Portsmouth, Plymouth,
and Southampton during August for our southern
colonies. Of these 26 vessels are for New South
Wales, 39 for Victoria, 12 for Adelaide, 9 for Hobart
Town, 4 for Launceston, 2 for Swan River, and 4 for
New Zealand.
In Mark-lane to-day, under the influence of s fine
morning, the corn trade was very quiet, and prices
irregular. Some kinds of wheat were dearer, and
others cheaper, but prices, on the whole, may be re-
ported firm. Floating cargoes, of which there is a
large number off the coast, were held at stiff prices,
and few sales reported.

Letters from Bogota of the 23rd June mention that
all the ports in the province of Choco del Norte hitve
been declared free,
_ those upon the Atrato as well as
those upon the Pacific Ocean. This liberal step of
the government is calculated to attract auention to
that part of New Granada, and appears to be in a
measure prompted by. a desire to encourage Euro-
pean capitalists in their disposition to carry out the
great project of an inter oceanic canal. Colonel
Codazzt, the government engineer, was busily en-
gaged in the province of Choco in constructing a map
of that district.

With reference to the Australian markets, w•e an-
nex an extract from the circular of Messrs. James
Dean and Co., dated Sydney, 6th April :

- •
We cannot enumerate one article which will not leave a
remunerating profit to the shipper. Immigration is pour-
ing in upon us—ship after ship full of passengers, but few
with general cargoes. The almost total absence of domestic
manufactures leaves us entirely dependent upon importa-
tion. Our increasing population will absorb a east quan-
tity of foreign merchandise. Our market also, that of the
sister colony, is entirely bare. Little is on its way ; hence,
for a length of time, prices will certainly he maintained.
We are happy to inform you that our gnld•tields continue
to give a good return fir labour. New mines are being
discovered in every part of our extensive territory, and we
doubt not but that fresh aurlferoua localities wall Indio&
aimed for years to came, giving employment to the
thousands now on their way ; for, setting aside the great
attractions of a field equally valuable to the family man,
viz., the raising of agricultural produce for the supply
of our large and populous town., is open, and for which
there is great encouragement. 'Tis true the markets of
China, Manila, and Java, supply us with wear arid coffee.
China sends her teas and silks, but on Great Britain, for all
articles of clothing, ler machinery, in tact for all and every
other necessary as well as luxury we depend.
There is a vast amount of unemployed capital here at
present ; almost every cart) that arrives has changed hands
before landing, such is the rage for speculation, and
although the exports from England may have been increased
one hundredfold, still supplies must be short. The markets
on the south-west coast of America are all drained
to supply that of California. We have not only
our awn population to maintain, New Zealand, Van Die-
man's Land, as well as the various island., are outlets from
this great depot. Melbourne, the great attraction at present,
has so bared our market for their large and increasing popu-
lation, that prices are equalised. The main stream of emi-
gration will ere ►ong be directed to this quarter. Already
have rich fields been discovered on this side the border. The
northern mines of this colony arc already attracting num-
bers ; many, no doubt, will wend their way there for a
more genial clime in the winter months. Then, we trust,
the anticipations of geolngists will be realised, and they will
prove of vast wealth. Thie, coupled with one of the finest
harbours in the world (a blessing denied Port Phillip), also
a free port, must always place Sydney as the first and great
centre of this vast continent.

Miscellaneous shares were generally flat to-day.
Land shares were the turn cheaper ; Australian Agri-
cultural closed 33' to 34l ; and British American,
64 to 66. Crystal Palace shares have receded to
1 11-16 to 13-16 prem. Bank shares were a shade
less firm ; St. Katharine Dock stock marked 921.
Annexed are the latest reports from continental
bourses, as received by Mr. Reuter's press :
Amsterdam, Saturday, closing prices :—Dutch Four
per Cents., 95 11.16 to ; ditto Two-and-a-Half per
Cents., 63,1 ' • Spanish Deferred Three per Cents.,
231; the Certifs., 64 to 11-16 ; the Old Three per
Cent. Foreign, 484 ; Portuguese New, 39 1-16 to A ;
Austrian Five per Cent. Metallics, B'2='; Mexican
New, 26 9-16 ; Granada Deferred, 91. Paris closing
prices of this day :—Four-and-a-Half per Cent.
likntes, 103.23; ditto Three per Cents., 78.3.). Bank
Shares, 2,840.

THIS DAY.—Two O'CLOCK.

The English stock market shows no symptom of a
rally. Consols remain at the full depression of yes-
terday afternoon, being quoted 97.4 toy both for
money and the 11th inst. In every department of
the house flatness prevails, and there is little dispo-
sition to operate. The Three per Cents. Reduced mark
98; to ; the Three-and-a-Quarter per Cents, 101/
to ; Bank Stock, 2271 to 229; South Sea Stock,
115; Exchequer Hillis, 2s. din. to Is. prem.; India
Bonds, 275. prem.

Foreign ;tacks are flat, and Mexican hoe again
given way. The sales in this department are few.
Peruvian Four-and-a-Half per Cent. Bonds mark 84;
Mexican, 201; Spanish Deferred, ; the Certifi-
cates, 64 per cent.; Russian Fives, 118; ditto Four-
and-a-Half per Cents., 101; to 102; Dutch Fours,
98 to d ; Brazilian Four.and-a-Half per Cents., 991
to 1.