The Express.
London, England, 1851-06-09 00:00:00

RAILWAY&
THIS DAY.

Two o'CLocx.
There is no large amount of business going for-
ward in the share market to-day, except in
one or two particular descriptions. The ge-
neral feeling is one of dulness, and, though
no special alteration has occurred in prices, the ten-
tency is still in most cases drooping. London and
' North-Westerns, Brightens, and Lancashire and
Yorkshires, besides two or three other stocks, are
marked a shade lower than they left off on Saturday.
SHARES AND aroma UNGUARANTZED.

HAtLWATI.

oleo to.day tap
to 1 o'olook.

MONEY MARKET.
THIS DAY. _

Two o'CLocx.
Business in the English stock market to-day pre-
sents not the least feature for comment, being of an
extremely limited character, and prices have
not varied even a fraction. The arrangements for
the settlement of the monthly account in Consols,
which expires to-morrow, have formed the only fea-
ture in this market, but, as the time business of the

lonth has been restricted, the " differences" are not

extensive, notwithstanding that the fluctuation has
been rather more considerable than of late, and the

settlement consequently engages no very large
amount of attention.

Consols have net varied from Saturday's quotation
of 971 to 98 for cash. For the next account, which
is an unusually long one, extending to the 17th of
July, the price is called 981 to 1.
The official statement of the day's business is as
follows :—Three per Cent. Consols, 98, 974 ; ditto for'
account, 98, 974; Three per Cent. Reduced, 971, !„.
New Three-and-a-Quarter per Cents., 981, 1; Bank
Stock, 212, 2111.
The unfunded securities remain steady. Exchequer
Bills of all denominations mark 435. and 465. prem.,
and India Bonds, large and small, have been bought
at 565. prem.
Scarcely the least disposition is shown to speculate
in foreign bonds, and prices are nominally about
the same as on Saturday, with the exception of
Mexican, which is unfavourably affected by thesmall,
ness of the remittances on account of the dividends,
and the accounts which continue to be received of
the increasing embarrassments of the government;
the price has receded to 34 4. Spanish Actives are firm,
and Portuguese Bonds steady: The list of to-day's
bargains is restricted to: Danish Five per Cents., at
1931. Mexican Bonds, for account' 13th June, 341,
,1. Peruvian Five per Cents., 1849, 861. 1. Por-
tuguese Fourper Cents., 334, I. Russian Five per
Cents.,ll2l. Spanish Active Five per Cents., for
account, 201, 2. Vonezucla: Two-and-a-Quarter per
Cents., 321.

SATU MAY EVENING.

Money is rather tight in the discount market, but
rates are much the same, though there is a disposi-
tion to draw the line between different classes of
bills. This, however, by restricting the field of in-
vestment, has the tendency to make money more
redundant. The present month brings in small sup-
plies in the shape of dividends, but next month very
large amounts of dividend money will come into the
market, and although trade may spring up, there
seems no adequate opening for investment. Consols
and the preferable foreign stocks are at too high a
price, railway shares at too low a price, and Exche-
quer Bills are out of favour. Continued hesitationon the
part of the public will make the superfluity of money
more strongly felt, and at length sonic burst of spe-
culation Will set in. At the present moment mines
are certainly getting more into favour on the Stock
Exchange. the railway and steam-boat calls now
current are very small in amount, and there is no
class of joint stock undertakings here making any
heavy demand. A Russian railway loan, and a
l'iedmontes. e railway loan of 2,500,000/., arc talked
of for this market, and there seems every appearance
of their finding takers. 'flie Austrian loan is not
understood to be settled; and although the specie
will be drawn from this market, it is not sure that
the stock will be negotiated here.
American stocks continue to be taken in limited
quantities; but there is a sufficient demand in the
States, at remunerative prices, to prevent their being
forced here, and at the present time local capital
seems to be abundant for railway, steam navigation,
and other public works.
In the colonies there is a great opening for invest.
meat in rail ways, under imperial and local guaran-
tees, but arrangements arc going on too slowly to
affect the money market here innnediately.
The Irish Encumbered Estates measure is work-
ing slowly and steadily, but the estates sold are so
heavily mortgaged that the operation is only a
transfer of capital.
Foreign rates of discount may be quoted as fol-
lows: Adelaide, 20 to 30 per cent.; Amsterdam, 2
per cent.; Antwerp, 2 to 3 per cent ; Bourbon, 6 per
cent.; Bordeaux, 4 per cent.; Brussels, 4 per cent.;
Calcutta, 11 per cent.; Ceylon, 9to 10 per cent.;
Copenhagen, 3 per cent.; Frankfort, 11 per cent.;
Hamburg, 11 per cent. ; Havre, 4 per cent.; Ilavan-
mil, 8 to 9 per cent.; Madrid, 6 per cent.; Mar-
seilles, 4 per cent. ; New York, 6 to 7 per cent.;
Paris, 4 per cent.; Peru, 21 per cent.; Philadelphia,
6 per cent.; Rotterdam, 2 per cent.; Rho Janeiro,
7 per cent. , Trieste, 5 to 53 per cent. ; San Fran-
cisco, 6 to 8 per cent. per month ; St. Petersburg, 51
to 61 per cent. ; Valparaiso, 12 per cent. ; Vienna,
5 per cent.
'fhe Bank of England returns continue of a satis-
factory character, and show a continued improve-
ment in the stock of bullion.
The bullion market continues steady. More acti-
vity is expected to prevail next week. The prices
as reported in the circular of Messrs. Sharps and
Wilkins are :—Bar gold, 31. 17s. 9d. per ounce
standard; Spanish doubloons, 3/. 19& per ounce;
Columbian doubloons, 31. 17s. per ounce; bar silver, I
without gold, ss. 04d. per ounce standard; bar silver,
containing gold (all gold above i grains in the pound
to be paid f0r),58.1;d. per ounce; Mexican and South
American dollars, 4s. 11 ld. per ounce ; Spanish pillar

. .
dollars, 3s. ld. per ounce..
The imports of this week have been numerous if
not large. They include by the Europa from the
United States 380,000 dollars; by the City of Gins-
glow from the United States, 140,000 dollars; by the
Arctic from the United States, 470,000 dollars; by the
Montrose, Peninsular and Oriental steamer, 3,327!.
(from Gibraltar 170/., Lisbon 3,337/4 The total is
about 230,0001. Arrivals are expected next week
from the West Indies, and of small parcels of gold
from ltussia and West Africa.
The Hermann, from New York, has taken 13,000
dollars to Bremen.
The amount of the precious metals exported direct
from London during the week ending Thursday last,
we learn from official sources, was-25,378 ounces
and 1,3001. in gold, and 238,180 ounces of silver,
shipped as follows :—Gold dust—To Hamburg,
419 oz.• gold bars : to Boulogne, 129 oz.; to Dun-
kirk, 2,000 oz. Gold coin : to the Mauritius, 1,300/. ;
to Hamburg, 300 oz.; to Oporto, 12,600 oz.; to Dun-
kirk, 10,130 oz. Silver bars: to Boulogne, 3,100 oz.;
to Belgium, 53,200 oz.; to Rotterdam, 34,000 oz. Sil-
ver coin : to Boulogne, 3,880 oz.; to Dunkirk,
4,000 oz. ; to Belgium, 168,000 oz. The total value
of these exports is about 163,6001.
Besides the exports from the port of London, the
Great Western, for the West Indies and Mexico,
took out 3,0001.
The British Electric Telegraph Company seem to
be setting to work in earnest. They are now adver-
tising for tenders fur the performance of their trench
work between Liverpool and Manchester.
The entire country is now alive with excursion
trains, the effect of which will, before long, be sen-
sibly perceptible in the traffic returns. Of this
general movement the Railway Times furnishes
some interesting notices. Besides the advertise-
ments of the metropolitan companies, which make a
goodly show in the daily papers, and are
placarded at every turn, the accounts from
the provinces report the organisation of excursions
in connexion with the Exhibition and otherwise, in-
cluding Birmingham, Bath, Gloucester, South
Wales, Colchester, Newcastle, Oxford, Bristol, Lich-
field, and places on the Scotch lines. The express
excursion from Oxford, last Saturday, conveyed
1,000 persons, nearly all of whom were members of
the University, to visit the Exhibition; and on Mon-
day 660 persons came on a similar trip. Herapath
mentions that the Eastern Counties, on 'fhumtlay,
brought up from Sawbridgsworth by special train
about 400 visitors, and the South Eastern Railway
in the first excursion train, on Wednesday, brought
up between 600 and 700 persons. It is stated that
the London and North Western have already iszn
36,000 tickets for Exhibition visitors for next week.

Herapalh's Journal states a belief that it will be
found at the next meeting that the Eastern Counties
management have economised to the extent of about
10,0001. in the locomotive department; between
3,000/. and 4,0001. in the permanent way ; and about
2,0001. in the staff of the different departments.
The same authority assigns as the reason for the
Great Northern not having commenced working
between Peterborough andlVisbech on Monday last,
according to notice, that the East Anglian Company
have not yet been able to arrange with their creditors
to withdraw the receiver, who is on the property, and
who has virtual possession of everything. the Great
Northern defer working to Wisbech till the Ist July.
An analysis of the railway traffic returns of the
United Kingdom for the last week, published by
Ilerapath's Journal, shows the total receipts on 6,301
miles, to be 279,342/., equal to 441. ss. per mile per
week. For the corresponding week of 1850 the re-
turns were 257,015/. on 5,743 miles, or 461. 10s. per
mile per week. There is thus an increase iu the
frross receipts of 22,3271. or 8.68 per cent., an increase
in the mileage of 558 miles, or 9.69 per cent., and
a decrease of 21. ss. in the amount received per mile
per week. These returns include the Irish and
Scotch lines ; but for the English lines alone the
comparison is much more favourable. The compa-
rison of the year's aggregate traffic up to this data
continues very good. The Rai4ay l'intes estimates
the gross traffic returned since the Ist of January at
5,281,499/., which, on 6,261 miles, gives an averages
of 843/. 1 Is. Id. per mile. Last year's receipts to
the same date were 4,786,753/. on 5,711 miles, or
833/. 15s. 91d. per mile. The balance is thus in fa-
your of 1851 to the extent of 91. 15s. 31d. per
mile.

ENGLISH BUNT?.—Tnis D Vf.
Bank Stock, 211 1! 1. )rt: Annulttes. 7 5-16
4 per (t. Itctltteed PTA i 111.1111 St•ck. 25:1 61
3 I.er Vt. l'onsoix. tlti el Ditto Itondt.
3t Por et. ettittott. 9dl f ktchNuer 13i11a. 1.0001..43e. to 4tle.
owolt for tbd .tort.. Lai 6

It per CL Deem. Pt 3 NOREIG:
5 per Ct. ItamilLut, 86 9)
N. Now, 86 8
per CL Rumor Ayres, 57 9
6 p.n. CL Phil Wt, 163
3 per CC Cbalian,
3 per Ct. 1/888.14. id?
3) par CL Dutch, /9t I
4 per Ct. Dutch. 98
Equatlor. 3/ 4
1 per CL Urtatila, 1617

FUNDS.
6 pt MCNioan, 317 i
411er Ct. Peruvian, t.i 8
11It6i Peierre I. 40 1
per Ct. Paiviicii 4.1 7 ea div
r Ct. 111
41 per Cl, Inli 21
6 per t't..tiuni..ll, Actita, 6
31'r Ct. Spiiiviti. 41)1
IF,. Pa sire. 7;
21 per Ct. Veneziela, r. 4
11.1. Ildemal. 1913

COMMERCIAL AND MARKETS.

MINCING LANE.-THIS DAY.

The attendance in the Lane has been very thin to-day,
being a holiday, and the market will not be open to-utur-
row.

Rim —There has been a slight speculative inquiry. for
this article, the state of the corn market influencing opinion.
In other article,, no alteration.
Otte.—Scal, pale, 33!; straw, 31/. ; brown and yellow.
301. Sperm, $6l. to 871.; headmatter,. 96/. Cod, 3s/.
South Sea, 29/.los. to 30/. Olive, Galipoli, 40/. ; Spanish and
Sicily, 36/. to 331. Palm, 291. to 30!. Cocoa-nut, 291. to
33/. Seed, rape, pale, 331. 101. ; linseed, 32/. los.