The Express.
London, England, 1851-12-02 00:00:00

RAILWAYS.

THIS DAY.

Two o'CLocx.
The French news has exercised the same influ-
ence here as in the other departments of the
Stock Exchange, business being almost at a
stand-still, with a universal and heavy fall in
prices. Present rates are so merely nominal, that
it is useless to give quotations, and the busi-
ness figures given below cannot be taken as re-
presenting present values. Great Westerns have
fallen from 681 to 86; North Western stock from
1181 to 1143; l'ilidlands from 663 to 631; and South
Eastern. from 211 to 201. At the latest moment
the market is quite unsettled.
French shares are perfectly unsaleable at any price.
511 CIES .%VD S 1,07,10 UMW MLANIISED.

W I pai.

MONEY MARKET.

THIS DAY.

Two o'Ctoci.
The news received this morning that the long-
expected coup detat has been made at Paris has
taken every one by surprise, and most seriously
affected the funds. As no one can point with cer-
tainty to the consequences of this proceeding, and
as its immediate importance only can be estimated,
the feeling has been rather that of alarm and stupe-
faction. Those most ardent for the success of Louis
Napo!con in his career of personal ambition, as
identified with the cause of order, hesitate now
that the blow has been struck against the constitu-
tion. It is not unnoticed that he has made a tem-
porary alliance with the democratic party, and, ap-
pealing to the principle of universal suffrage, has
once more given weight to the republican cause,
thereby strenp;theuing a powerful antagonist. The
fact that the second city of Europe is now declared
in a state of siege and delivered over to military• des-
potism is viewed with the more seriousness, since most
of the great capitals of Europe are already under the
same yoke. This beginning of the new career is
regarded with alarm, and there are not wanting those
who believe that at length the blow is struck which
is to raise a general war. Conjecture, however, is
suspended, awaiting more definite advices of the
course affairs have taken.

In the various markets there is of course a general
fall, but at present its extent is more nominal than
real, as few can be found disposed to deal ut any
price that may be named.
Consols opened at a reduction of :7 from the
closing rates of yesterday, being first called 98; to
I, and gradually drooped to 984 to 4. The next
operations that were etketed after the receipt of the
sub-marine telegraphic despatch were cash sales
at 97.1, and, though a partial rally subsequently
ensued, some time purchases being made ut 97,
a fresh rush of alarmed holders has taken
place, and the present quotation is very un-
settled, at 97 to 1, being a fall of about
11 per cent. since yesterday. At foot will be found
our list of the latest quotations of the various classes
of debt, but they are only nominal. Subjoined is
the usual official business statement, viz.: Three per
Cent. Consols, 981 974, 1:; ditto, for account, 98Z, 1,
97i, I, Z. Three per Cent. Reduced, 97:, 98, 97.
New Three-and-a-Quarter per Cents., 984, 99, 981.
Long Annuities, 1860, 7; ditto, 30 years, IMO, 7
5-16. India Stock, 2641, 262. South Sea Old An-
nuities, 971; ditto, New Annuities, 98!. Bank
Stock, 2111:

The market for the floating debt is similarly
affected, the prices of Exchequer Bills and India
Bonds being reduced 2s. Exchequer Bills may be
quoted 525. to .535. premium, and India Bonds, 625.
to 0.55. premium.
The foreign stock market opened well, and Brazi-
lian were actually transacted at a further improve-
ment, but the general range of the market has
since experienced a fall of about 2 per cent.,
with an almost entire suspension of busi-
ness. The ,übjoined business pnces may be taken
as representing in most instances the early business
of the day, whilst, for the present rates, re-
ference must be made below : Brazilian Old
Five per Cent, 961, 98; ditto Now, 1829 and
'39, 97. Chaim' Six per Cent., 99,4. Dutch
Two-and-a-Half per Cents., :191, 00; ditto for ac-
count, 16th Die., 391; ditto Four per Cent. Certifi-
cates, 90,1,1. Mexican, 241; ditto for account, 211,
1. Peruvian Five per Cents., 1849, 911; ditto
Deferred, 47,461, 471. Portuguese Four per Cents.,
341. Russian Five per Cents., 1121; ditto Four-and-
a-Half per Cots., Sardinian Five per Cents.,
81A. fr,-.66,er, -my. Spanish Active Five I)er
tents., 211; ditto? Throc pOr Cents., 40,1.

QUARTER-PAST Two.
Consols have further fallen to 9til to -1, with nouc
but sellers offering.

HALT-PAST Two.
Consols are now 9(1.4 sellers, after being buyers
at 96j. Telegraphic orders from the country
to sell are pouring in, the purport of the news from
France being scarcely understood in the provinces.
London and North Western Stock is 111 to 112.
TWENTY MINUTES To THREK.
Within these few minutes, it being understood that
Thiers and Gen. Changarnier arc arrested, the jobbers
have become ready buyers, the chances of a collision
being diminished. Transactions have taken place at
9G to 97.

The Californian gold shares are at a stand-still,
not a man being. willing to deal. Subjoined are the
quotations nominally ruling at present, as near as
we can obtain them, viz., Agua Fria, Z to lk
premium; West Mariposa, to I dis; Golden
Mountain, par to ,1 premium. Nouveau Monde,
to 4 premium. Ave Maria, Ito dis. Anglo Cali-
fornian, par to Z premium.
Application was made before the Master of the
Rolls yesterday for an immediate order for the wind-
ing-up of the Glamorganshire and Monmouthshire
Banking Company. As it appeared, however, that
out of 2,300 debtors only two had sued the company,
and that the committee of shareholders and creditors
who are engaged in collecting funds for paying the
small creditors at once, and a dividend to the larger
creditors, had succeeded in getting together 13,360!.,
the matter was postponed till the 10th December,
with a view to await the result of the meeting of the
committee on the Mth.

The dividends falling payable in the present month
are much smaller than at any other period of the
year, nu heavy payments being forthcoming on Eng-
lish stocks, foreign stocks, or railway shares. On
foreign loans the amount coming forward is as
follows:
Due

Dec. 23. Brazilian New Five per Cents., 1813 L 18,200
Dec. 1. Portuguese Five per Ceuta. (Brazil Gua-
rantee)
Dec. I. Sardinian Five per Cents.

There are a few railway stocks, besides shares in
insurance, canal, dock, bank, and gas companies, on
which dividends fall due at this date, but the whole
amount is inconsiderable, and can have no effect
upon the markets. With the existing abundance
of money, however, this is a circumstance of no ire.
portance whatever, as the present case will certainly
continue till the dividends fall due on Consols in the
middle of January. At Paris the dividends on
French Three per Cent. Honks fall due on the 22nd
inst., but in this case also the amount is small.
The failure of Messrs. Quarks Harris has been the
subject of much conversation to-day.
The following are the rates at which the Bank of
Australasia, the Union Bank of Australia, the South
Australian Banking Company, and other parties,
grant bills on places in the colonies:
Adelaide..
Auckland
Bathurst
Geelong
• lo'2
Hobart Tows 102
pauncoton

Lyttelton
Maitland lO2
Melbourne lO2
Portland lO2

Sydney
Wellington

The Committee of Mexican Bondholders have to-
day received the following letter from the financial
agency of the republic in London, viz. :
Agency of Mexico in London, 32, Great Winchester-
street, Nov. 29, IB3l.—Sir,—By the present packet I shall
remit to H. E. the Minister of Finance, a copy of the letter
of the 24th inst., which at the desire of the committee you
addressed to me ; and though I have no doubt that it will
; be taken into our consideration by the supreme government,
it is my duty to protest, as I hereby do, against what is said
in it,—that the Mexican authorities are evidently encroach-
ing on the funds intended for the payment of the interest.
Far from that being the case, I can assure the committee
that the supreme government is animated by the best inten-
tions in favour of the foreign debt, and I likewise believe
that the funds assigned for the payment of the interest are
sufficient for that purpose. The delay experienced in the
forthcoming of their funds, and which has given rise to the
unjust imputation alluded to, is simply to be ascribed to the
credit which the law allows the merchant in the payment of
the duo. It is well known that, in consequence of such
credit, the duties of August last, and of the subsequent

months, have not yet been receivt d in cash at the maritime
Custom-house, and therefore, though they have been
counted upon in effecting the payment of the next divi-
dend, the remittances here are by so much behind. This is
certainly an evil, but an unintentional one, which unforta-
nately was not foreseen in time, but will no doubt be
guarded against in future. I flitter myself that this expla-
nation may allay whatever anxiety may exist among the
creditors, and have the honour to renew the anturance of
my distinguished consideration.—(Signed) F. FACIO.—
James Cape!, lin., Deputy Chairman of the Committee of
Mexican bondholders.

From the old committee of Spanish Bondholders
we have received the following :
London, Nov. 29, 18.11.—My dear Sir,—l have this mo-
meat received a communication from hit Excellency, the
Minister of Finence, dated 23rd inst., by which my govern-
ment being desirous to do justice to its creditors, and that
the attentions which arc due to them should he observed,
has authorised me to prorogue the period of the 31st of
December next, appointed by the law of the lot August
Last, for the conversion of the debt, with allowance of
interest on the new debt from Ist July, Mil. In conside-
ration of the repeated observations that have been made b
the committee of London, as well os those of Paris and
Amsterdam ; not being less attentive to what has been
said by a considerable number of bondholders, so that all
may be satisfied; under the sanction of the said authority,
and according to what was agreed to in the conference
which I have had with you ; the 31st March, 1852, stands
fixed as the term, until which certificates of the debt may
be presented for conversion, with right to claim interest
from the Ist July, 18.51, upon the new certificates of the
Deferred three per cent. which hue to be given in ex-
change, at the same time declaring in the name of my go-
, vernment, that in all other mutters the provisions of the
law referred to. and the instructions are to be maintained
in force and vigour. In short, there will be eonsidered as
substituted only the words, " previous to the Ist April,
1/452," for those of " previous to the Ist January, 111.52,"
in the Bth article of the law which I have the satisfaction of
communicating to you, in order that you may he pleased to
make it known to the committee, to the Stuck Exchange,
and to the interested parties.—From your most obedient
servant—(Signed;—Joss ISottuaro.

The latest prices of the South American and other
State stocks come reported from Amsterdam as fol-
lows :—Brazilian Five per Cent., 934, ; ditto D 443,
91; Mexican Bonds, 224- ; Grenada One-and-a-Half
per Cent., 14 ; ditto Deferred, 3 9-16 ; Venezuela
Three-and-a-Quarter per Cent., 31?; ditto Deferred,
121; Greek Five per Cent., ; Brazilian Bonds of
1894, 921 ; ditto 1839, 89;; Spanish Three per Cent.
(foreign), 39; Portuguese Four per Ceut. (London),
33 5-16.

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 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 have
accrued since last dividend period should, in each
case, be taken into account:

Itree; per Cent. etnaoia price 98; &Wpm. cepat..C3 0 0k
Three per Cent. Reheard
New Three-and-a-Qh..rter per Ceuta J9 3 3 7
Hank stack (dlr. at the rate 08 7i per

cent. pt!!ienuT

.: 214

Tails Swan (die. Int per cent. pi r nn.) 21.24 9.
nacheipter Silts (int. I4d. pre deg)..... 56n. pm. „
I.:act Indian snares, ltd. paid (naaran.
. .

teed do. 3 per edit. per Annum) 2l
-.4t M Jetern• et the

nit of 4 per oraL pr anrum) B9
aiseaPhire and larks/um Llw
. _

3 9 31
40 0
4 4

1 5 8i

4 10 101

3 8 tie

thocksoliv. at the rate 01 2 per amt
per ann.)
London and South Wudent• Sock
(duidead at the rate of 3$ per cent
per ammo)
Landau and North Wenterus Stock
(di.. at the rate of Si per oieL per
son.)
ItidLand• Staelq)dle. at the rated 21 psi
acet. per aim
South Lanett* Stuck (di.. on the 314
.1 S 10
.thole year at the rate of S per etct
per ann.) 2ll a 4 2 S
York, Newest* sod Bend& Stock*

3 11 Li

to 3 IC 11.

tAf.
Annuium
rwrk.
I.ltto Bonig 1.0W.614 Q.N.
Ea.•holuer 1.4114.1.ut5)i. ars.

PUNI,A.
' 3 put Ct. Muzi4llll. 2.11 4
6 pl. CL Rrmkm.x. 96
Ditto Dolorred.ll4
6 me et' . l'..rtuentor,. 4/ 91
per Ct. It ...Um. 109 11
44 per Ct. ittr.4.l/3. 1014
6 pot Ct. Spam 4 . Aetna, 19/ 14
3 per Ct. dintal•4ll."3S
Do. Paaluva. 44 5
11n. Def
21 per Ct.
erroon l. Vcniela,
lui 114 33j 4/
toki Cunt. 119 to t