The Express.
London, England, 1851-05-26 00:00:00

EXCHANGES.

MAY r; KAMM. l.-7Ci • per Cents., ,; after
Bolas, 34 cash, 36 7-16 paper. Four per Cents., in cash.
Five per Cent•., 141; after Baba, 161 paper. Coupon.,
81 ; after Bois*, Si cash, S 1 pp:,prr. Fume:lls, ;
Bolsi, 61 cash, 11-I6 piper. llauls of St. F. Alinand, 103
cash. Lichange on Loudon, 60.70.
BeRLIN, MtY U.—Voluntary Loan, 106; New Loan
Four-and-uMalf per Cents., 1021; National Dept, 801; Com
mercial Marine Society's Premium, 11211; Bank Shares, 961.
Vir-NNA, ?Sax 21.—Five per Cent. Metalliques, 961;
Four-and-a-Half per Cents., ditto, W. Bank Shiro
1232. Exchange on London, 12.34.
LISBON' MAY W.—Exchange, 611. Discount of Lisbon
bank notes, 21 per cent.

In the Engli-h stock market prices continue on
the rise. Business to-day, though not extensive, has
ken of a satisfactory character, and incluthst a
good sprinkling of orders for investment. whilst
the dealers ut the same time evince more disposition
to speculate for a further upward movement, not-
withst.mding the high figure to which the home
stocks have now attained. The continued action
of the government broker, in conjunction with the
other favourable influences now in operation, is
doubtless relied upon as a sum support to the market.
Consols, which closed Saturday aftenwon at 97:
for cash, and 971 to 1, for the 10th of June, have been
dom. to-day as high as 981 for account, but they are
at this moment quokd a shade lower, at 971 to 98
for money, and 98 exactly for time. The official re-
port of the day's business comprises:—Them per
Cent. Consols, 97:;„1, 98; do. for account. 98, 97L
981. Three per Cents. Reduced. 07, 97! ;
a-Quarter per ('cuts., 931 ; Long Annuities, MO,
7 Bank Stock, 211.
In Exchequer Bills there is little doing, but the
market is weaker, dat. and 416. prem. being the
rates at which burgains have been concluded to-day.
Foreign stocks are at present attmetina. no atten-
tion, the tal ire busine,s consisting of' a few chance
enters, but prices are tirm. and runner rates ate
in all instances obtained without difficulty. Peru-
vian st,,eks continue to recover from their recent
denrcioion. Russian Four-and-a.llalf per Cuts.
risirt touched 101. To-day'. business list is as fol-
lows :—Brazilisn New Ewe per Cents., 1829 and
'39, 37. Dutch Two-and-a-lfalf per Cents., .19!.
Mmiten Bonds, for account 30th of May. 354. Pc-
ruvinn Four-andsellalf per Cent., 1849,, for account,
83!, 83 ; ditto Deft:med.:l3 Itusa;:an Four-and-a-110f
ptv Cents:. 101. Spanish Active Fire per Cents., fur
account, 20; ; do. Three per Cents., 40:„ 40.

SATE RD VY EVENING.

The discount rates are as before, w:th money in
sonic demand. Under the ininenee of more extended
blsrness, a r:se in the rates mav be looked for. On
t!..e Continent rates of discount are coming mere to
au averogi..--the lower rates rising and the h;glter
falling.
The Bank of England returns show the result of
the alter2d state of the bullion market, and an in-
crease of specie has again taken place.
We cannot say much as to rates far bullion, be-
cause Effie has been done in the marke: here latterly.
There are lam., arrivals of specie, little special
demand, and a disposition on the part of buyers to
wait for a reduction in the rate of silver. The
Paris market for silver is likewiseun the turn.

The ouports this week ineht,le, by the Asia. from
the United States, 75,000/. ; by the Pacific, front the
United States, 1:10,000/.; by the Severn, West
India steamer, 2,13,4100/. Ssilver, 717,590 dols. ; gold
de.d. :11l oz.: gad coin, 811.4111 platina,
17,660 0r..; English coin, 2211/). The total im-
ports are .1.74,0t0t.; bat last beck the imports Wert:
small.

The Humboldt. steamer. from tlw United State:
to.k into Havre Z,oo,thio dAg., half sold and hail

The amount of the precients metals exported direct
from London during the week ending 'lltursday last,
we leant from official sources was 1,500 °tutees of
gold and 311,390 ounces of silver, shipped as follows :
—Gold bars: To Dunkirk, 1,500 ounces. Silver
bars: To Boulogne, 2,000 ounces. Silver mix : To
Belgitunilfls,oo4l ounces; to Ilaulogne.9.4oo ounms toi
1/ Ituubuzg, 4,990 UIIACCS ; to itott erdani, 190,006,:untes.
The total value of these exports is about 63,60n1.
Besides the experts front the port of London the
Indus Peninsular and steru:wr took out for
the East 60,010/. (10,11 k)!. gold. 4.i,6 el/, silver),
the Montrose, Peninsular and Oriental It, tuner.
23,000/., and the Thames, West India steamer, I 7,:s Mt/.
Au analysis of the railway traffic returns for the
last week (published by Hrrapath'd Journal) shows
the total receipts on 6.31)1 miles to be 271,507/,,
which is equal to 431. per mile per week. For the
corresponding period of 16.50, the amount was
219,7911., oa .5,743 Niles, or 43/. Ws. per mile per
week. There is thus an increase in the aggro ate
receipts of 21,7161., or 8.60 per cent., an increase in
the mileage of .55S miles, or 9.69 per cent., and a
decrease of 10s. in the am tout naivel per mile per
wtek. The Railway Ti,:tla estimates the total
traffic returned since the Ist °flannel y at 4,735,3t421.,
which, on 6,289 miles. is equal to 7421. 13s. 9d. per
mile. Foe the same period last year the receipts on
45752. miles were 1,202,361 t, or 7.111. Os. .10. per
utile. The balance is cense auently in favour of the
present year to the extent of 111. 184. 90. per mile.
Tile new concordat between Spain and the Pope
contains MOM financial articles which have not per-
haps been much noticed. The Pope not only aban-
dons all claim to the convent lands alisaulv sold, but
authorises tlt, sale of rho remainder, and the invest-
ment of the produce in Three per Cent. Stock. This
stock will become tmtransfemble, or in the nature of
an entail, but it is likewise said that the biddings for
the lands an' to be in Three per Cent. stock. Ilse,
this will give another preference to Three per Cent.
stock, because a considerable sum being called for
and taken out of the market, the price will in all
likelihood rise. . .

rhe 1111:Ve,,:4 attendant upon the peat operations in
Ireland, and the demand which has arisen in these
markets for peat charcoal, has caused attention to
be paid to its nr,nufactim in England. Perhaps the
peat-bogs of England have been more neglected than
those of Ireland, but there is a growing impression
that their products are capable of utilisation. In
Ireland, very naturally, the application of peat for
fuel has claimed the most attention, but here, where
the supply of coal is abundant, and its use general,
and where even the artificial fads are chiefly com-
posed of coal, there is little opening for the manu-
facture of pat fuel. There is, however, another
branch of application which has been eagerly seized
upon, and that is the employment of peat charcoal in
the preparation of manure. The competition to
which the English farmer is subjected, has led him
to great exertions, and has produced a large demand
for artificial manures, as the immense trade, which
has so suddenly sprung up in guano, proves.
We cannot, however, but regret that so
little is done for appropriating and mono-
miising our home supplies. It is, indeed, a
lamentable thing to consider, that in this metro-
polis alone manure sufficient to grow corn for two
millions of human beings is yearly wasted, without
any efficacious step being taken to remedy such
serious waste. The application of sewage manure
for irrigation is a palliative of such partial appli-
cation as to afford nothing like an adequate
remedy. While we imported guano front abroad
in 18.50 to the extent of 116,926 tons, and at a cost
of 1,000,0001., a much greater quantity of manure
of equal quality was washed into the Thames to
the detriment of the public health. Although no
large measure is to be expected, it is some satis-
faction to find that the authorities have given
encouragement to the British Peat Charcoal
and Manure Company. The Duchy of Corn-
wall have made a grant of peat land on
advantageous terms, and there is some prospect of
obtaining convict labaur from the great Penitentiary
on Dartmoor, and itmnediately after obtaining the
net of parliament works are to be commenced at
Dartmoor and other stations. We cannot, however,
but think that in a subject of such importance the
company should not be subjected to the delay of ob-
taining an act of parliament, but that a charter
should at once be granted by the government, as
there are no existing private interests which can be
interfered with. It is likewise stated that the extent
of pent land in this island is upwards of 2,000,000 of
acres, affording material of the greatest value to
apiculture if properly applied, and for which great
encouragement ought to be given.
INGLIBLI FUN US.—Ta si Day.
Bask Stock, 21111
par Ct.
3 Ct. targeruli
,L Ea,haquax 5514 1.0004. Q.
tar the Aixt,

The private contract marl.. to are very dull, and we are
without transaction,. Of any importance to report to-day.
The public sales declared for to-morrow consist of. ;intim,
300 Mid.. Barb:nines and I'ortn Rico, 0,500 bags Bengal,
700 haus 'Maurilixe., and 1,.400 boxes of white Ilawaimah ;
' Coffee, :glO hags and 100 ca,lo.Crylon, 300 hags Costa Rica ;
Itie.!, 1,100 bags • Saltpetre, $OO bags ; Pimento, 150 haws.
31trrAt_s have liceit dull of sale during the last week.
Iron, Walsh bars, notoinal, If. 11M. to 4/. 12.. lid. ; Scotch
10s. mixed nundiers free nn baud. Copper has been
iii go at (lemmad at previ..ns prices. Lead quoted the MAUI
IS (ant week. Spelyr, 140 tons sold at 141. 17s. Oil. Tin,
E. I. Bann, 784. to 80fr.. n small parcel mold at Ins.
°MS.—S.II4 pale, ftr.ltV, 311. ; brown and yellow,
30/. Sperm, MU t 0571.: headmatter, 9IW. Cod, 371. 101.
Souilt Sea, 201. to 301. Vile, Ualipoli, 411.; Spann.h and
Sndly. V/. to 101. Palm, :NW. to 301. Coeou-nat, 21)4. to
331. se.d, rape, pale, 331. ; linseed, 311..35.