The Express.
London, England, 1853-11-26 00:00:00

The English stock market opened rather dull at
the final rates of yesterday; but an improving
tendency soon set in, and despite of the effiux of
gold, of the tighter appearance of the money mar-
ket, and of the unsettled aspect of foreign politics,
the funds finally closed well supported at a rise of
percent. Business throughout the day was the re-
verse of active. The purchases seem to haie been
chiefly on account of previous speculative sellers,
who are rendered uneasy by the firmness of the
market in face of the near approach of the settling.
This will be an unusually short Consol account,
Friday next, the 2nd December, being the first
k making up" day in this department, and the fol-
lowing Tuesday (the 6th) settling day. The transfer
books will close on the 7th December, and Consols
will then be quoted with the half-yearly dividend
I off. With the approach of the dividend period, pur-,
chases to some extent are usually made. The public
continue to invest in small amounts, and there is
also some speculative buying. A parcel of 50,0001.
Consols was purchased by a leading operator for
the opening of the books In January. On the other
hand, some sales of money stock were pressed this
afternoon at the higher range. Stock still continues
comparatively plentiful in the house, and money has
been in active demand amongst the dealers at 21 to
3 per cent. The French funds were reported by
telegraph as closing at a rise of nearly 1 per cent.
Consols were first quoted 951 to ascended to
93/ to /, and were quoted at the official close 951
to 1, both for money and the 6th December. After-
wards the market showed increased strength, and
the closing quotation was 951 to 1. The official
business report is as follows :—Three per Cent.
Consols, for money, 951, 1,4, 4, ! ; ditto, for
account, 6th Dec., 95f, 4, 4. Three per Cent.
Reduced, 944, 1, I, I. Tliree-and-a-Quarter per
Cents., 961, 4,4, 4,44. Long Annuities, 1860, 51.
South Sea Stook, 113; ditto New Annuities,' 1004.
Exchequer Bills remain quoted ss. to Bs. pm.,
and India Bonds Is. to 4s. prem.
With the exception of Buenos Ayrean Bonds,
which continue to show an upward tendency,
the foreign stock market presented no feature, busi-
ness being restricted, and prices nearly stationary.
At 4 o'clock Mexican Bonds were quoted 26 tot
ex div. Peruvian Four-and-a-Half per Cents., 71 to
73; ditto Three per Cent., 49t051; Granada De-
ferred, 74 to 81; ditto, Active, 19 to 21. Sardi-
nian, 91 to 93. Spanish Deferred, 22 to ; the Cer-
tificates, 54 to 51 per cent. Russian Five per Cents.,
111 to 113; ditto Four-and-a-Half per Cents., 97 to
99. Sales are recorded as follows : Brazilian
Four-and-a-Half per Cent., 1852, 964. Buenos Ayres
Six per Cents., 65, 66. Dutch Two and-a-Half per
Cents., 631 • ditto Four per Cent. Certificates, 951,
4, Equador Bonds, 51. Mexican Three per
Cents., 25, 1 ex div. ; Peruvian Four-and-a-Half per
Cents., 72. Portuguese Four per Cents., 414. Sar-
dinian Five per Cent., 92 1. Spanish Old Three
per Cent., 464, 4,1; ditto New Deferred Three per
Cents., 221. The Committee's Certifs., 51 per cent.
Swedish Four per Cent. Provincial Mortgage Loan,
93.

The efflux of sold continues, and has now assumed
serious proportions. Gold to the amount of about
360,0001. to 400,0001. was to-thy withdrawn from
the Bank of England, for despatch to Russia to-
morrow morning. It is thus computed that, during
the present week, upwards of 800,0001. in gold has
been drawn from the Bank for that quarter. Of
this amount, it is estimated that 550,0001. is on
account of the Russian government, which is under-
stood to have had about 800,0001. standing to its
credit in the Bank of England, in the name of
Baron Brunnow, the Russian ambassador in London.
The shippers are the Messrs. Baring, Brothers, acting
as agents of the Russian government. In the present
position of foreign politics this operation of
the Russian government is sufficiently sig-
nificant. It is understood that further (mul-
-1 . •
Mies of gold will leave the Bank for Russia
next week, chiefly on government account.
It is worthy of mention that the desire of the agents
of the Russian government to find means of available
remittance keeps up the exchange, as between Eng-
land and Russia, at a point at which large shipments
of gold are also made from this side on merchants'
account.

The inquiries for gold for Paris to-day were more
active and numerous; and, had there been a stock of
gold in the market, large quantities would have been
taken for that quarter. It is even understood that
to-day and yesterday bar gold was withdrawn from
the Bank at its fixed charge of 31. 17e. 101 d. per
ounce standard, for transmission to France.
Money to-day was again in brisk demand, and
scarcer than for some time past. Five per cent.
appears to be the minimum discount rate out of doors,
even for first class paper. As we have before ob-
served, the present efflux of gold must have a direct
influence m causing stringency in the money
market.

In the market for foreign exchanges to-day, the,
rate on Paris was a shade firmer than last poet, but
on other places the quotations showed no improve-
ment. There was a fair inquiry for bills on Ham-
burg and Amsterdam. The rate on St. Petersburg
was fully as unfavourable to this country as before,
being firm at 380. Bills on Vienna and Trieste
were done at fluctuating rates, viz., from 11.32 to
11.40.

The Royal Alice, from Sydney, has no gold what-
ever on freight.
Hamburgh letters of the 22nd mention that money
was tight at 6 per cent., although considerable slims
in silver continued to arrive from London. The
passage through Hamburg is also recorded of large
sums in half imperials, en route to Russia. For long
bills on London there was money at 11.151 to a, and
for short paper, at 13.11. Funds and shares were
firm. Business in the produce market was languid.
Wheat was quiet, but there were buyers of rye
for spring delivery from Russian ports at 275. to
31s. 6d.
Monday next, the 28th inst., will be " making-
up " day in the railway market.
The corn-market to-day was firm, at Monday's
rates; but not much busiuess was done. Some OAS
of floating cargoes were reported. There are few
cargoes offering, however, and very few on the way
to this country. A telegraphic despatch from Trieste
with news from Alexandria of the 19th inst. (received
per the overland mail) states that the Pacha had
consented to allow all the corn belonging to private
individuals in Alexandria to be exported, but no
more corn is to be brought down on the canals for
exportation.
We understand that arrangements are being made
by some eminent capitalists in Paris and London to
secure the construction of the Central Line of Rail-
way of Europe extending from Basle to the Sardi-
nian Railway. Several of the Swiss cantons and the
principal towns in Piedmont have subscribed largely
towards the capital stock, and when this great work
is accomplished an unbroken line of communication
will be established from Antwerp to Genoa, ria the
Great Luxembourg, Paris and Strasburg, Central
European, and Sardinian Railways.
With reference to the Royal Swedish Railway
Company, insertion may be given to the annexed
explanation :

TO THE EDITOR OF TEI DAILY NEWS.
Sin,—ln your money article of this day you give a very
interegting statement respecting the present position of the
Royal Swedish Railway, butt you have committed a slight
unintentional error in giving the guarantee of the Swedish
government u only 4 per cent. per annum upon the
shares. The guarantee is, in fact, 6 per cent., 1 per cent.
thereof to form a sinking fund to redeem the railway at the
expiration of forty years. The shareholders In the mean-
time ere entitled to all the profits of the line during that
period over and above 6 per cent. Your correction of this
will oblige A CONSTANT READER.
London, Nov. 25,1853.
Land shares to-day were again rather weaker.
Australian Agricultural declined 10s., and South