The Express.
London, England, 1851-09-30 00:00:00

RAILWAYS.

THIS DAY.

Two o'Ciocx.
A very extensive business has been done in rail-
way shares to-day, and the market affords
ever sign of the setting in of a decided
speculative "movement for the rise, the effect of
which is already strikingly apparent. Prices opened
decidedly better, and soon attained a further ad-
vance, many descriptions being taken at a rise on
the highest rates of yesterday, but there has since
been a slight reaction, and the present gene-
ral range of the market is about the same
as at the close of business yesterday. The liquida-
tion of the balances accruing on the fortnight's ac-
count has been in progress during the morning.
The traffic receipts continue to show a large in-
crease. The return of the South Eastern for the
week ending the 27th inst. is 3,9401. more than in
the corresponding week of last year, being 19,7851.
against 15,8451., whilst the average return per mile
per week is 75.801., against only 67.71/. in 1850.
The London and Brighton receipts are 15,4231. this
week, against 12,571/. last year, showing an increase
of 2,8521., and an average return per mile per week
of 89.021. against 73.40 in 1850.
MUM AND MORS UNOWARARMID. .

In tothy up
to 1 p.m.

11 101

MONEY MARKET.

THIS DAY.

Two o'CLocct

A further considerable advance has occurred in the
English stock market to-day, prices being
strengthened by the renewal of operations by
tho government broker, and the intelligence
of a firm market yesterday At Paris. At the present
season, lust before the dividend period, it may also
be note numerous purchases are generally made by
parties who anticipate the favourable influence
usually exerted by the demand for eligible re-invest-
ment then apparent.
Consols have reached 97 for the account, and aro
now quoted 961 to 97, with a favourable appearanee.
For cash they also for a moment touched the integer,
but the price now and for the greater part of tho
morning has been 961 to The official burliness
statement is as follows: Three per Cent. Consols,
961, 97, 961, 1; ditto for account, 97, 961. South
Sea Stock, 1071. Annuites of 30 years, 1860, 71.
The unfunded debt is firm, without much move-
ment. Exchequer Bills remain quoted 435. to 40s.
premium, and India Bonds aro nominally as before.
In the foreign stock market the general business
is not extensive, but a line of speculative operations
for the new account is being taken up in
a few descriptions, including Mexican, Spa-
nish, and Peruvian, though there would not
appear in any case to be a more valid basis upon
which to ground expectations of a higher market
than is to be found in the rising tendency of the
other departments of the Stock Exchange, though it
must be admitted, as proved by experience, that the
more speculative descriptions of foreign values
usually sympathise with a general upward move-
ment of the other markets. To-day's business list is
Dutch Two-and-a-Half per Cents., 69. Mexican
Bonds, 271,1 ; ditto, for account, 17th Oct., '271,1.
Peruvian Five per Cents., 1849, for account, 91,
Spanish Active Five per Cents., for account, 241 ;
' ditto Passive, 51,, ; ditto Three per Cents., for ac-
count, 37!. Venezuela Deferred, 11.

The committee of Spanish bondholders havo
lumdcd to us the subjoined not over-courteous an-
swer of the finance minister, to the memorial
ad-
dressed by Mr. Weisweiller on the subject of the
coupons :

(Translation.)
Finance Ministry, Madrid, Sept. 22.
The law of the Ist of August List having decided every-
thing relating to the settlement of the debt, and the tort of
each and every• credit, it is u,cless to enter into fresh dis-
cussions on the subject, when the only thing remaining for
the government is the punctual fulfilment of the above-
mentioned law.

This I have already signified to you, and repeat it here,
in answer to your communication of the 11th inst.
God preserve you many years.
(Signed) JUAN Mut%) l'ilt-nu.Lo.
Daniel Wcisweiller, Esq.

It is further stated that M. Borraji had left Madrid
on the 24th, for London and l'aris, to settle about
the conversion of the bonds with the various corn-

mittees. M. Oliveira had not yet arrived at Madrid.
A very painful impression has been created in tho
Stock Exchange and its vicinity to-day, by the de-
termined suicide of Mr. Ingle Mudge, a member of
the house. The unfortunate man was in the house
this morning, mid shook hands with some of his
friends, without any great change being remarked in
his manner, tut a very short time afterwards he was
a corpse, having swallowed a large quantity of
prussic acid at a broker's office in Throg-
morton-street, so that death was instantaneous. Ho
leaves a widow and two young children to mourn his
loss.

The share settlement, though with a rising ap-
pearance, owes its features in most cases to the job-
bers having oversold themselves in particular stocks.
Rates of arrangement have varied much. The fol-
lowing are some :—London and North Westerns,
tto continuation ; Great Westerns, to con-
tinuation, takers of „ ; South &sterns, about even,
say 1-16 backwsrdation to 1-16 continuation; Lan-
cashire and Yorkshires A to 4 backWardation; Mid-
lands, 1-16 backwartation to 1-16 continuation,

about even; Great Northerns, 1-16 to 1-32 back:
wardation; Caledonians, 1-32 to 1-16 continuation.

The subjoined table shows the extreme prices at
which business has been done in railway shares
during the account now closing :
NW. Sighed. Lowed.
1,

ii Aberdeen ....... ....... .....
i e i
30 Caledonian lf
l',o Cheater and llolynead —• • 17
20 Kaattmi Counties ....... „..,.... ...... ........ ...... 4
23 Eva Lanca•bire
be Edinbly an and Glasgow
23 Garai Nbrthern . .—...... .... l6
100 GIT 4 Weuern b3
100 Laboashire and Yortalalr• 37
1I i Lund.. and Eluckwall
100 London, brighten. and South Coast
100 Landon and North Walters ............ ....... 117

100 London mut rstuth Western
190 Manchester, bhetneld, and Lincolnshire 2B
100 Iptl4nsl

. 434
U North British
174 North Mattordshire
60 Word. Woreeater, and Mulrerhamitom 1515 ..... „14
SO South Eastern
Se rat. Newcastle. al Benda l 9
60 Yarn and North Midland
The fluctuations of the fortnight, it will be seen,
have been very considerable, and, with the increased
movement of the lust week, the settling has been
rendered more busy than any similar occasion for
some time past. ltith the marked rise of to-day, tho
rates at present ruling are the top prices of tho
fortnight, and in many cases the difference in price
exhibited in the above table may be taken as repre-
senting an actual rise on the quotations of last ac-
count. It is believed that some of the " bears"
have been rather considerably " touched" by this
sudden rise in values, for which they were quite
unprepared, having reckoned on keeping the market
down for some weeks longer.
The subjoined calculations show the rate per cent.
per annum yielded by the various securities cited at
the average of the pricea which ruled this day.
Where the asterisk (*) is prefixed it is to be under-
stood that the share rate of interest is less the in-
come tax. It will be seen that in every case we take
the rate of interest last declared as the basis of our

calculation. To render the calculation strictly accu-
rate, the proportion of interest which may havo
accrued since last dividend period should, in each
case, be taken into account:
Moe per Cent. Ooneola Wee eel rteldper met. £3 2 6
Three per Cent. Reduced
New Ittreoen.l.a.tcnarter per Pats_ (shut)
Bank meek
India Stock (thy. 104 per tent. mean ) (phut)
Bachequer awl (tut. led. per day) 4se. Pm- e
Great 1k e•terc• 1:100 eh. (die. at the
rated 4 per eent par annum) 53
Lameahlre sad ()WM', EiUU
tltak•,dle. at the rate of 2 per cwt.

2 4 7/
.. 416 4$

stns.)
laperden and Math Wort,nte Mock 57
(daldend at the rate of 3y percent.
per UMW).
avian and North Nesters* Stook
(di.. at the me of 5i per cast. per
ann.)
. _

os 3 10 2

4 3 4

ILd;ond• Steds(dir. at the Meal 21 per
cent. per ann.) 47
South hasten! Stock (die. on the
whole Irseat the rate of 3 per cent.
per COO.) 2O
York, Newcastle, and Berwick Stock
((nnuli) die. at the rate of 3 per cent. per
19

~ 414 0

.6 6 4

4 10 0

5 13 ii

2114L1111 l'UND9.—Ten Dry.
Rank Rt.*. rbull Lon 4 Annunk.,-
3 to(1. ktednopl, lona Pecct, 2,D 2
3 par CL Coma.. 9.4. i Ditto 1t0.10t1.00n1., 43r. 45, pra
31 par CL Own)* slt Etcpoquar JAIL IMUL,47s. SOLP
Consols foe Awl., 93i 7
1
41 per Ct. &I'D" 93 5
6 per Ct. Brolllan. b.! LO
00. New. 666 k
6 per Ct. Buenur.tyro. 49 61
6 par Ct. ClDltan. 105 7
3 per CL Chnt,n, 74 I
3 par Ct. Danish. 77 9
24 per CL Dutch. 66i 9
4 per Ct. Dutch 92 3
'Proctor. 31
1 Po Urtusda. 1316
Ilardinlan 5

r 121.7.12D1L
3 per Ct. 32.12.1611, 271 2
per Ct.. toria.vap.eJ ita
11/Ito Derv, J, £u 12
6 per CI. Psrtugue.., 65 7
6 pct ittssalan, 111 113
49 pa Ct. Burfilaa, 101
spa CO. Smash, Active, 11l /
3 c..A.X t,
22 Esaig 37} /
y tgierusts, 26 30
uo.er lkierred, 102 Ilt
r Qat.. 3 as.