The Express.
London, England, 1851-12-01 00:00:00

THE EGYPTIAN RAILROAD.

The following is a copy of the firman accorded to
Abbas Pasha by the Sultan for the construction of the
Egyptian Railroad:
'fia the Illastrimu Abbas Iliimi niche, the present Go-
vernor of Egypt, holding the lefty rank of Sadci Asam, my
must judicious vizier. It is ordered—
Thou bait requested, by an official dispatch, that I accord
my sovereign permission for the construction of a railroad
from Alemuidria to Cairo, in order to mule the country
prosperous, and to facilitate commerce. The same dispatch
announces also thy engagement to give the assurances
which belong to the question, and which are demanded.
In fact the usefulness and convenience which result from
these roads, and the advantages uccruing to the public in
facilitating and augmenting commerce, are real, and the
great interest which I take in them is dear and evident;
for it is the most ardent de,ire I have to ensure completely
and in every respect the repose and happiness of all chimes,
populations, and subjects of my empire, which are in trust
confided by Providence in my powerful hands. I will then—
First. As, according to the rule at present iu force, re-
garding the repairs and construction of roads in my empire,
those people are to be employed who live in the neighbour-
hood, and who profit by them, and as they receive their
provisions with moderate wages, so these people are to be
employed in the construction of this railway iu the same I
manner, and I will that care be taken that none are made to
work gratuitously.
Secondly. That there shall not be established, on account
of the railway, any new tax, of say kind whatever, beyoud
the present taxed impost of Egypt, neither shall the present
tales be increased in any manner.
Thirdly. As that which remains of the revenues at pre-
sent established is Egypt, after having deducted the tribute
payable to the Sublime Porte, and after meeting the de-
mands of all expenses belonging to the country, will be
sufficient; it is this surplus alone that shall be devoted to
the construction of the railway.
Fourthly. At no time shall the formation of any foreign
company for the construction of the railway be allowed or
tolerated.

......
Fifthly.sAt no time shall any foreign loan be raised for
the expenses of the railroad.
It is under these conditions that I have accorded my ,
inrcerial permission for the construction of the above-
mentioned
road, that I have given my sovereign orders to
that effect, and that I have issued expressly Irons my im-
perial divan and have sent the present sovereign command,
in order to publish the permisAun accorded and my orders.
When all this shall have come to the knowledge of thy
illustrious person, thou shalt be careful to cause to be cum-
menced the above-mentioned railway, executing completely
the conditions above laid down, and thus to bring upon us
august person the benedictions of all the inhabitants, and
of all my subjects, and thou shalt tolerate nothing eon-
trary to my orders and to my will.
Be it hereby made known, and let faith be given to
the noble signature of the present imperial command, writ-
ten during the last days of the month of Zillndji, in the
year 1,28 i (about the cod of October, 1841.)

SOrTHAMPION New DOCK .—A splendid new dock
has just been completed at Southampton, inside the old
dock. It has been about eight months in forming, at an
expense of 23,0001 It was to be opened on Thurs. FIRE AT PUTNET.—Yesterday morning, a fire 1
day next with great ceremony. The water has been grade- discovered en the farm of Mr. Jacob Bell, M.P. for St.
ally let in during the last week. Oo Saturday last a sad Alhans. A stack of hay, computed to contain some 60
accident occurred which will delay the opening for a eon- loads, we. enveloped in flames. Two engines were de-
aiderable period, and the reparation of which will be 'patched from London immediately on receipt of the
attended with considerable expense: The water, while intelligence, which was conveyed by a mounted policeman.
Sowing in on Saturday about four o'clock in the afternoon, but owing to the instifficient supply of water, their action
unshipped one of the gates and partly unshipped the other, was for some time retarded.- When a greet part of the
Divers are coming to Southampton to-day from Ports- stack had been mamma, the fire was extinguished. The
mouth to see what can be dune towards repairing the hay hail been sold to a neighbouring farmer, who bad in-
dams's. jured it in the Count,. Fire Calm.

MONEY MA UKET.

THIS DAY.

Two o'CLocc

The prices of the home funds are firmly
to-day, though without much move-
ment, and the present range of quotations
is 4 higher than it left off on Saturday. The
foreign. stock and railway share markets are
attracting the largest amount of attention at present,
Peruvian and Brazilian stocks in the former, and
Belgian railway shares in the latter department,
being in high favour. The investments of the go-
vernment broker in Consols and Reduced shares will
be resumed to-morrow.

Consols, which closed on Saturday 981 to have
to-day improved 98; to I, both for cash and the 11th
inst., and 99 for the January account. Only the
following stocks are marked for business in the of-
ficial list : Three per Cent. Console, 98,, ; Three
per Cent. Reduced, 98 ; New Three-and-a-Quarter
per Cents., 99, 981, ; Bank Stock, 2151.
The week has opened with less movement in the
market for the floating debt, and, with a few sales
offering, the price of Exchequr Bills has receded Is.,
the present quotation being 33e. to 365. prem. It
remains to be seen, however, if this decline will not
he recovered. India Bonds arc called 635. to 66a.
premium.
There is more doing in the
end the tereletley of prices is
stigma have further risen,
advanced some 3 per cent., the disposition to
operate evinced in the latter part of last week hav-
ing become more strongly developed. It must be iv-
membered that in April next tho active debt of
this state, in conformity with the terms of
the agreement with the government, will bear
interest at the rate of 31 per cent. per annum.
Spanish Actives have risen to 214. A meeting of
the committee opposed to the conversion of the
bonds is to be held in Cockspur-street on Thursday
next. The following is the day's business list :—Bra-
zilian Old Five per Cent., 94, 96 ; ditto New, 1829
and '39, 94, 93. Danish Five per Cents., 102.
Dutch 'fwo-and-a-Hulf per Cents., 59;; ditto Four
per Cent. Certificates, 904. Equador Bonds, 31.
Mexican, fur account, 16th Dec., 24. Peruvian Five
per Cents., 1849,901; do. for account, 91, 90, 91; ; do.
Deferred, 451, 47, 461. Russian Four-and-a- tall
per Cents., 104. Sardinian Five per Cents., 82 ex
div. Spanish Active Five per Cents. for Account,
211, 1; ditto Three per Cents., 40,1. Venezuela
Three.and-a-Quarter per Cents., 361.
'Mere is not much doing to-day in the Californian
gold mining shares, and quotations remain the same
as ou Saturday (as given in another column). Gol-
den Mountain of :Mariposa are quoted 3-16 to 3 10
prem.
The failure of Quarles, Harris and Sons, one of the
oldest and must respectable houses in the wine trade,
was announced on Saturday afternoon, and created
general regret in the City. It is hoped that the ul-
timate loss to the creditors will not be great, though
fears are entertained that the liabilities of the firm
will prove to be extensive. Some of the Oporto
houses will probably suffer.

bond market,

SATURDAY EVENING.

The discount market remains as before, but a

movement is expected on the part of the Bank of
England, which will create competition, the more•
particularly as there is a want of first-class bills.
Two failures have taken place at Liverpool in the
American trade, and a great sharebrokcr has failed.
The affairs of a house in the %Vest India trade here
are under arrangement. The failures on the Stock
Exchange have not been to a serious extent. The
casualties here and in the United States are only
accidental, ant) not arising from the general state of
trade, so that confidence is undiminished. The state
of the north of Europe in the ensuing winter is,
however, looked upon with some uneasiness.
The abundance of money, and the prevalence of a
general opinion that the market will become yet
more easy, are producing a sensible effect on many
brunches of investment which have hitherto been
distinguished by an entire absence of movement.
The English funds have been run up to nearly par;
the preferable dividend-paying foreign stocks stand
at a higher range than for years past; and the de-
mand for preference and guaranteed railway stocks,
which has gradually been making itself felt for some
months, has taken a large quantity of these securi-
ties off the market, with a material enhance
ment of prices. The railway share market
generally still affords a considerable field for
operations, but to meet the demand fur invest-
ment a marked movement is also going on in
Bank shares, dock shares, insurance shares, steam-
boat shares, and other joint-stock undertakings
which usually command a much smaller share of at-
tention than their remunerative character would ap-
pear to require. The favourable rate of interest
yielded by railway debentures is also beginning to
strike the smaller class of capitalists, and but for the
diaadvautages attendant on dealing in these securi-
ties from their largo size, the want of a market, and
the difficulty of transfer, there can be no doubt
they would come much more prominently into
favour. The present state of the market is
peculiarly favourable to the interests of railway
shareholders, as the market value of their property is
being sensibly enhanced, whilst the same influences
are at work to diminish the charges against revenue,
by a reduction of the rate of interest on loans and de-
bentures. Even should Mr. Gllyn's idea on this sub-
ject not receive full realisation, it is yet certain that
great ameliorations will be effected, and that the
Incubus of a high rate of interest, to which so vast
an amount of railway difficulty is attributable, will
be permanently removed.
the bullion in the Bank of England has at length
got beyond the sixteen millions, after a long struggle.
This week the Bank of France bullion shows an in-
crease, instead of the decrease reported of late. The
direct imports of specie from America to France and
Germany prevent them from drawing on this
market. Bullion, in most of the markets, is steady,
but silver is rather looking up. Platinum is coming
in rather more freely, but the demand is good. The
increased gold workings promise more supplies of
platinum.
The imports of specie this week includelBo,ooo dole.
from New York by the Europa; 2,2741. by the
Pottinger Peninsular and Oriental steamer (Alex-
andria '2O/., Malta 2,1241., Gibraltar 1301); by the
Madrid Peninsular and Oriental steamer, 4,4951.
(Gibraltar 2,515'., Lisbon 1,9801.); and by the Med-
way West India steamer 1,401,683 dole. (gold 706,094
dols., silver 693,389 dole.; South Pacific, 781,581
dole.; gold from California and Panama, 339,172
dole.; Curthagena, '268,141 dole.) The total is about
350,0001.
The total amount of the precious metals ezported
direct from London, during the week ending Thurs-
day last, was 157,030 oz. of silver coin, and 8,200 oz.
of gold, of the aggregate value of about 71,2001.
The account in detail is as follows :—Silver coin : to
Boulogne, 7,030 oz.; to Belgium, 150,000 oz. Gold
coin: to oulogne, 7,000 oz; to Calais, 1,200 oz.
The exports from the other ports include 100,0001.
by the Lima Pacific steamer (supposed for the
Brazils), and 43,774/. by the Bentinek (31,3691. for
Calcutta, 6481. for Hong Kong, 2,257/. for Canton,
total, silver 34,2741., gold 9,5001., for Alexandria);
the whole exports of the week may therefore be
taken at about 215,0001.
The total amount of railway calls due in the month
of December is as follows :
Moamar sham.
D. alreAd Number
Cats are us MC 1331. Data. Paid. Called. otlittarea.
Stiat)l and Eisler, peat.
gal. _ l3 3 2 0 0 30,300 120,000

Greet Oaetbera, &dem-
-914.316,119 ...
Katmai. Tours, and Bor-
deaux l5 9 2 0 0 130,000 260,000
Royetaa and Hitelda,
819976168 Eltendua_ 6 6 016 0 10,688 8,001
Sadioh Cestral, New
b/. 6.. 9d. ?ref 11 2 2 0 0 20.400 40,900
Shrew, add Ilerelord, Old 30 6 1 011 29,710 29,710
Ditto Laud New 19 6 1 0 0 16,260 13,294
£668,001
one propcction caned by fordo. ittftlaidlar A 290.60.10.