The Express.
London, England, 1851-12-16 00:00:00

Consols opened at an improvement of 1 since ves-
terday, and after reaching 97, rapidly receded,
upon sales by an influential broker, to 964,
being at one time called as low as 96t to
They have since rallied 4to 964 to for the open-
ing of the 16th of January, being the closing quota-
tion of yesterday's market, and so they remain.
The official business figures are: Three per Cent.
Consols (shut) 97 ; ditto fur the opening,97,96!, z.
Three per Cent. Reduced, 974., t; New Thlee-
and-a-Quarter per Cents, 981,1, 4 ; Long Annuities,
1860, 7; India Stock (shut), 2631.
Exchequer Bills are unchanged, at 4fis. to .51s.
prem. In India Bonds scarcely anything is doing.
In the foreign stock market there has been a thir
share of movement, although the settlement
of the account has been completed ; and
the prices realised in the mums of the
morning in many instances exhibit an im-
provement. Mexican Bonds have further ad-
vanced, the question of the 2,500,000 dots. of the
American indemnity money due to the bond-
holders, affording an opening for specula-
tion. Sardinian Bonds have also been in
better favour, a purchase of 50,000/., besides
other minor operations, having been made at ti.l, or
a rise of 2 per cent. As we write, however, the
general feeling is rather flatter. Tho business re-
port is as follows :—Brazilian Old Fire per Cents.,
93g. Danish Five per Cents, 102. Dutch Two-and.
a-Half per Cents., 60, ; ditto Four per Cent. Certifs.,
89i, I. French Five per Cent. Rentes, 101 fr. .10e., and
101 fr. (exchange, 25fr. 2.5 e.) Grenada One-and-a-
Half per Cents.. 141. Mexican Bonds, 261, 4 4;
ditto for account, Dec. 31, 261, 1, k; ditto small,
264. Peruvian lleferrisl, 46. Sardinian Five per
Cent. Bonds, 841, 85, 84, 4, 831. spanish Active
Five per Cents., for account, 20; ; ditto Old Three
per Cents., 404, 1.
The quotations of the California gold mining
shares rule much the same as of late, Agua Fnas
being Ito prem.; Non, cau Mondes, :to I prem.;
and others the same as before. Shares in the new
English and Australian Copper Smelting Company
are worth to -4 prem.
In confirmation of reports to which we slightly
alluded a few weeks ago, the suspension of Messrs.
Luckie, Brothers, and Co., has been announced.
This firm is engaged in the West India Trade,
and the ultimate winding-up, it is expected, will not
prove very disadvantageous to the creditors.
The subjoined calculations show the rate per cent.
per annum yielded by the various securities cited at
the average of the pricea which ruled yesterday.
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 ease 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 have
accrued since last dividend period should, in each
case, be taken into account:
Three per Cent. Contuls (shut) yield per test. £0 0 0
Three per Cent. Reduced
New llnce-and.s.Qu 'nor) per COMA . 6 1,
thud, 'inch (ols. at the rate of 71 per
test. per annum)
lithe Kuck kat, ler per cent. per an.) (shut) ,t
etachautt, NW/Ont. II& ver ,hr
East Indian shares, 110. paid (guaran-
teed di v. 5 per cent. per ..ntium(
WOAC(1). Cue.-h. Ole.. the

sr 4 5 M

rate of ♦ per min. per annum)
asmolure nod Vote•Alre
tltock• Me. at the rut. of 9 per mut.
per ann.).
Lon3nn end Month Western• Mock

.. 4 13 OJ

10 2

(dividend at the rate of h percent.
per annual)
Loradas end North Western. Stock

(dr e. at the rate a Si per cent per
ann.)
.8
Midland. Stec:kph.. at the rate& ti per
tent. per WM)
era% enatere• stock (die. en the
whole year at the rate of 3 per cent.
per 4011 •
York, Neweestle, and pared.* Stock* 204

to 4 8 8j

(c 17;.. at the ;ate .f s per eeat. per
annum)
The following. statement, prepared and condensed
from various official returns, will be found to present
an intelligible view of the note circulation of the
United Kingdom, and of the coin and bullion held by
the banks indicated, both positively at the dates of
the accounts last made up, and comparatively with
returns for corresponding periods :
The subjoined table gives the aggregate weekly
average of the note circulation of the United King-
dom, as it stood for the four weeks ending the bib,
lath, 22nd, and 29th of November, being the latest
date to which the returns have been collectively com-
pleted fur all the banks of issue; and also the results
as compared with the returns for the previous four
weeks ending the Ist of November.

No.. 1, Nov. 29, Increase. Decrease.
1911. 11431. ,e*
t
Bank of 46,31,618 10.571.397
Private bonlw
ptock lunlus
TJtal in England...— 26014440 13034.197
Scotland 1,3'9,41 3.399.4 277.026
Deland
--
United Maples' 140114,812 34,:93.002

545.730

Showing a decrease of 958,2931. in the note cir-
culation of England and Wales, and a decrease
of 545,7501. in the circulation of the Cnited King-
dom when compared with the returns for the previous
four weeks, ending the Ist of November.
On comparing the above returns with the fixed
issues of the several banks, we find the following to
be the state of the circulation :
The fixed issues of the private banks of England
and Wales being at present, after deducting those
which have ceased to issue, 4,098,075/., it follows
they were below the amount 1,198,465/.
-The fixed issues of the joint-stock banks being
3,409,967/., it follows they were below the amount
626,797!.
The fixed issues of the Scotch banks being
3,087,209/., it follows they were above the amount'
503,230/., but with specie in hand to cover the ex-
cess, and issues for 371,536/. besides.
The fixed issuesof the Irish banks being 6,334,494/.,
it follows they were below the amount 1,506,088/.,
with specie in hand to cover issues for 1,144,963/.
more.
We find, therefore, that the note circulation of the
private and joint stock banks of England and Wales
was 1,825,262/. below the amount authorised to be
issued; and that, inclusive of Scotland and Ireland,
the circulation was, on balance, 2,825,100/. below the
fixed amount.
The average amount of coin and bullion held by
the Bank of 'England in both departments during the
four weeks ending the 29th Nov. was 15,777,2341.,
showing an increase on the previous month's return
of 620,5281.
The average stock of specie held by the Irish
banks during the same period was 1,144,9651., being
an increase on the return for the previous four weeks
of 106,396/.
The average of specie held by the Scotch banks
daring the same term was 874,8061.; increase on the
previous month, 106,4581.
As compared with the corresponding period of
1830, the returns under review show the following
differences in the circulation :