The Express.
London, England, 1851-08-11 00:00:00

Two o'CLocx.
The market for the home funds remains quiet, with
only a routine business offering, and prices have been
steadily supported, at Saturday's range.
Consols are quoted 961 to 1, bath tar money and
to-morrow. The arrangements for the monthly
settlement of the account are in progress, but do
not attract any large share of attention, the busi-
ness during this period having been upon a scale
the reverse of extensive. The official list reports
business as follows Three per Cent. Consols,
90, ; ditto, for account, 961, ; Three per Cent.
Reduced, 971, ;. New Three-and-a-Quarter per
Cents.. 99, 981, 99. Annuities of 30 years, expiring
in 1859, 71..
Exchequer Bills remain steady, at 465. to 19s.
premium, without particular movement; and India
Bonds, 545. to 575. prem.
In the furcign stock market there is no extensive
movement, though Mexican and Spanish have at-
tracted a few operations, Spanish Actives arc tirm,
and mark 21. To-day's advices from Madrid
notice the publication in the official G«:ctle,
of the law relative to the public debt, as sanctioned
by the Queen. Mexican Bonds cannot be said to
show any rally, the price having ranged between
301 and 301. The accounts from the city of
Mexico must be regarded as decidedly unfavourable
to the bondholders, as showing the melancholy
position to which the finances of the country have
arrived, and from which the ministry, by, means of
its recent financial measures, seems to be desperately
struggling to extricate itself. Bargains are
reported to-day as follows: Brazilian Old Five
per Cents., 92; ditto, New, 1843, 89. Danish Three
per Cents., 1825, 78. Austrian Five per Cents., 83; ex-
change, It) guilders per X. Dutch Two-und-a-Half
per Cents., t,O; ditto Four per Cent. Certifs., 931, 1.
Mexican Bonds, 301,, 1, 1. Peruvian Five per
Cents., 1819, 901. Russian Five per Cents., 115, ;
ditto Four-and-a-Half per Cents., 102. Sardinian
Scrip, par. Spanish Active Five per Cents., 201, 21;
ditto, Three per Cents., 381.
By the Asia, from New York, we have received a
further import of specie of 124,300/. The shipments
of specie were continuing on an undiminished scale,
and amounted since the Ist January from New York
to no less than 24,450,00 dollars. The exchange.
however, luau experienced a sensible decline, and
well-informed parties at New York were inclined to
the belief that the shipments may soon full off:

SATURDAY EVENING.

Letters received this morning from well informed
quarters at Madrid, on the subject of the settlement
of the debt, would tend to afford some hopes that the .
final result of the question may be more favourable
to the bondholders, and more in consonance with the
dictates of justice than has been gent rally antici-
pated. The exertions of Lord Howden to procure
the full capitalization of the coupons are understood •
to have been unremitting, and certainly deserve the
gratitude of the bondholders. Although the idea of
any further money grant receives nut the least
encouragement, an assurance is understood to have I
been given that the terms of the agreement will be
adhered to by the Spanish government as favourably
as possible to the bondholders, and some parties go
even so fur as to entertain strong hope.; that an im-
proved condition of Spanish finance would not fail to
benefit the bondholders, even after the definite
closing of the present agreement. The exertions of
Col. Sir Henry Bayly, Mr. Tusker, Mr. Henderson,
and the other gentlemen who have taken a promi-
nent part in endeavouring to obtain full terms for
the coupon holders as for the other classes of the
Spanish creditors, are regarded as equally judicious
and beneficial to the cause, by those best able to ap
predate them.
The discount market cannot be termed easier this
week, neither have the rates become more stringent.
Good paper cannot be discounted under 3to 3 per
cent., the rate "on call" remaining at 21. Some
demand for money on the part of the country bankers
is spoken of, which may be fairly attributed to the
increased movement noticed in some branches of
trade, combined with the demand for agricultural
operations usual at this season of the year. On the
continent rates of discount continue to rule easy,
but the money market is decidedly tighter at New
York.
The Bank of England returns, published this
morning, present scarcely
.any tiature out of the
usual course, though the increase in the bullion,
showing itself so soon atter the turmination of the
dividend payments, must he noted as very satisfac-
tory. The contraction of the circulation is customary
at this period, and is partly attributable to the
increase in the payments into the Bank on account

of the govermiceit.
The bullion markets at home and abroad, as before

noted, remain in a quiescent state. The present
quotations of the market are thus reported by Messrs.
Sharps and Wilkins: Bar gold, 31. 17s. ttd. per
ounce standard; American gold Iles, V. 16s. 3d.
per ounce ; bar silver, without. gol , ss. Old. per
ounce standard ; bar silver, containing gold (all gold
above five grains in the pound to be puid ter),
ss. I ld. per ounce; Mexican and South American
dollars, 4s. 11; per ounce ; United States dollars,
4s. I ld. per ounce; quicksilver in bond, 3s. 4d. per
The imports of bullion this week have been as
follows :—lty the Canada, from New York, 1145,090
dots.; by the Montrose Peninsular and Oriental
steamer, 3,1701. (of which KOO/. was from Gibraltar,
1,970/. from Lisbon, and 40)1. from (Oporto); by the
Tagus I'cninsular and Oriental steamer, 3001. from
Gibraltar ; by the Franklin, from New York, 110,000
dole. (besides 860,000 dole. for Havre); and by the
Trent, West Indian and Mexican steamer, 1,240,939
dots. The total amount of these imports is about
322,000/.
The total amount of the precious metals exported
direct from London during the week ending Thurs-
day last, we learn from official sources, was as fol-
lows :—Silver bars : To Dunkirk, 7,500 ounces; to

, .
Hamburg, 12,000 ounces ; to Boulogne, 2,030 ounces;
to Rotterdam 107,300 ounces. Silver coin : To
Dunkirk, 75,000 ounces; to Belgium, 214,000 ounces;
to Boulogne, 18,132 ounces; to Rotterdam, 91,000
ounces. Gold dust: To Havre, 76 ounces. Oold
coin : To Dunkirk, 3,730 ounces ; to Belgium, 6,370
ounces; to the Mauritius, 1,($10 ounces; to ham-
burg, 900 ounces. Specie to the Mauritius, 7,000/.
The tital amount of these exports is 12,096 ounces
of gold and 311,200 ounces of silver, besides 7,0001.,
the aggregate value being nearly 140,000/.
Besides the exports from London, the Clyde took
out 3,000/. for the West Indies, and the Peninsular
and Oriental steamer Madrid, 1,500/. for Spain and
Portugal, both from Southampton.
The third annual meetin", of the Eastern Archipe-
lago Company was held this day, when the report
was unanimously adopted, and the retiring directors
were re-elected. The operations of the company
have been as yet limited to the working of the
crown coal mines at Labuan, and to the establish-
ment there of a colliery capable of furnishing sup-
plies of coal to the steam vessels of all nations navi-
gating the eastern seas; and the prospects of the
undertaking so far are stated to be highly promising.
The excellent quality of the Labuan coal for gene-
rating steam quickly has been fully demonstrated
after repeated trials by her Majesty's and other steam
vessels, and highly satisfactory reports on this im-
portant point have been addressed to the Directors
by the Peninsular and Oriental Steam Navi-
gation Company. Coal is at present supplied
to this company at Singapore at 30s. 9d. per ton, and
the company 'have notified their readiness to enter
into more extensive contracts on the same terms as
those for which the best English coal can be laid
down at Singapore, a fact which speaks highly for
the quality of the article. The quantity of coal raised
by the company to the Ist May, 18.51, amounts to
3,829 tons ; the stock in store at that date was
1,800 tons, and 2,2861. 16s. 4d. had been received for
coal up to the same period. The directors are in pos-
session of some interesting communications relative