The Express.
London, England, 1853-03-28 00:00:00

MONEY maairsz

SATURDAY STRIIND.
Every department of the Stock Exchange was
characterised by peat inactivity to-day, but the
favourable aspect of the Turkish question imparted al
very strong feeling to the Englian stook market, and I
prices closed at a farther advance. Consols were
purchased as high as par, both for money and
account, and finally left off 991 to 100 for cash, and
100 exactly for the 13th April, with a firm appear-
ance. Bank Stock was done at 2291, but no other
stock met with business in this department.
In Exchequer Bills very little business is being
done. The June bills are marked Bs. and 7s. prem.,
closing Be. to 13s. prem., whilst the March issue was
dealt in at 10e. prem. In India Bonds there was
business at 40s. prem.
Foreign stocks were generally very firm, but with
a very quiet business. Equador Bonds have reached
6; Sardinian were better ; and Turkish scrip ranged
between 21 and 21 prem., being a further improve-
ment. Mexican Bonds remain well supported at 251
to 26, and Peruvian Scrip was rather better at 31 to
4 prem. The list of actual transactions is thus ren-
dered :—Brazilian Old Five per Cent., 104. Buenos
Ayres, Six per Cents., 614. Chilian Six per Cent.,
1071. Dutch Four per Cent. Certifs., 99, 981.
Equador Bonds, 51, 6. Greek Bonds, 1824 and
1825, ex overdue Coupons, 81. Mexican Three per
Onto., 25j. Parisian Four-and-a-Half per Cent.,
Scrip, 31, 4 prem. Portuguese Four per Cent., 39,
f. bardinian Five per Cents., 961, 1. Spanish Old
Three per Cents., 49, 481; ditto, New Deferred
Three per Cents., 25, 1 ; ditto, Passive (Converted),
54; the Committee's Certifs., 81, 81 per cent.
Turkish Six per Cent. Scrip, 21,4, 4,4, f Prem.
The weekly return of the Bank of England when
compared with the previous week's balance sheet,
shows the following results:
Circulation issue
Circulation active 21,464,840 Dermas 258,330
Public deposit& 8,203,654 Increase 695,640
Other deposits
13Ivernment securities is

banking department 13,461,533 Without alteration
Othersecurities in banking
department
Coin and bullion in both
departments
Seven day and ether bill 1,352,498 Increase 60,491
The Rest
The Reserve 11,690,306 Increase 433.166
This return shows a continuance of the steady de-
mand for money, but at the same time exhibits no
rush for accommodation. On the whole, the changes
are not important. The Bank's stock of the precious
metals is gradually rising again.
The Custom-horse statement of the exports of the
precious metals direct from London during the week
ending Thursday, is as follows, viz.:—Gold coin : To
Belgium, 493 ounces, and 32,00 W. Gold bars : to Bou-
logne, 31,000 ounces. No silver is returned as having
been shipped. The above exports represent a value
of about 154,0001. all in gold. We have on more
than one occasion during the last week drawn atten-
tion to the revival of the demand for gold for ship-
ment to the Continent.

The shipments of coin to Australia continue, but
the amounts now dispatched are generally small.
This week the Asia has taken out 35,0001., and the
Oscar the First 2001. (in silver), for Port Phillip; the
Thames, 25,0001. for Adelaide ; and the John Pink,
30,0001. for Port Phillip, making a total of 90,2001.
shipped to Australia on merchants' and bankers'
account, besides the sums carried out by passengers.
We do not hear of any shipments for other quarters,
and consequently bring our statement of the week's
exports up to nearly 250,0001.
The larger portion of the gold brought in by the
Sydney steamer from Australia has been presented
to the Bank of England for purchase this week.
Some of the Australian banks are doing a very pro-
fitable business in this gold. Certain of them have
made a net profit of some 12 per cent. on largte
parcels of gold brought over by this vessel. It is
currently reported that in addition to the large sums
manifested, the passengers and crew of the Sydney
brought home in the aggregite a further sum of
about halt a million sterling in gold.
The amount of railway calls falling due in the
month of April is thus stated in Mr. Mihill Slaugh-
ter's Weekly Railway Share List, published under
authority :
Amount pm Share.

.
Due. 'Alrredy Nombrr
Date. Paul. " CalL" of Share. Amount.
Ira to Aran, 1853.
Cork end Bark% New
Proletesse 9 41 1 o o 7,630 7,630
Dublin rd Mosher,
?MIMEO SIS 1 10 6 0 0 7,400 17,000
*Great Water at Co
nada. lO 154 50 0 unknown.
Modes, Wary, and
lowthosel
*Lyre end Medium,
noes —.—l to 15 7 2 0 0 50,000 100,( 00
*Sum aid Lags; Tr-
ireme 11 9 40 0 23,405 91,670
Newmarket, Bury Ea-
teries. l6 3 010 0 27,000 13,500
Newport, Akron 'Talky,
rd Hanford. l4 16 110 0 23,230 13,330
*Quotes and Itialteend IS 54 210 0 unknown.
Westerners/1 ...., 20 13 1 0 0 16,066 16,063

Tota Bl,
ens aesoemt ouliedby foreign eolapeadeals A393,620,bu V
tthel9s
hokUageofragUsliproprietorsivelmottooma.
In the same month of last year the calls amounted
to 272,7771., and in 1831 to 477,5001. The total calls
for the first four months of the three years are shown
below :
1863
1862
1861
This statement shows a revival of the demand on
the money market for the prosecution of railway en-
terprise. On proceeding to a further analysis of the
figures we find that this extra demand is almost
I entirely for foreign lines, the calls for English rail-
ways exhibiting a remarkable. diminution. This
view is plainly borne out in the subjoined, which
embraces the first four months :

Total calls.
Oa foreign On English
lines. lines. Total.
1853
1852
1851

. . . „
It must be borne in miad that the large sums re-
quired to meet these foreign railway calls are directly
withdrawn from our circulation, and consequently
have a much greater effect upon our money market
than can be exercised by calls for English lines, the
money in the latter case continuing to circulate at
home. This view of the subject is invested
with considerable importance just now, more
especially as railway calls form at present
only a portion of the total demands upon the money
rarket. It has been one of the features of the pre-
sent company-forming mania that attention has not
been exclusively directed to any. one branch of enter-
prise. Railways, banks, and mines have all and each
attracted a large amount of capital, and the number
of new companies of a miscellaneous character has
been very large. Whilst these were merely " corn-
ing out," the demand was not much felt, but now
that the first payments upon many of these new un-
dertakings have been duly completed, the subse-
quent calls are beginning to tell upon the market.
Some of the new institutions, as, for instance, the Aus-
tralian bulks, are compelled to call up their capital
very rapidly, before they can fairly enter upon extended
operations. It must be remarked, however, that the
above figures, showing the calls upon foreign rail-
ways, are subject to some—and perhaps a consider-
able—deduction, as it is impossible to say what
amount of these foreign shares is held by the Eng-
lish, and what part by the continental public.
It is perhaps not generally known that the Stock
Exchange belongs to a proprietary body. The annual
meeting of the proprietors was held to-day, when a
dividend of ten guineas was declared, besides a bonus
of V. 10s. per share. It has been decided, however,
that the building shall be increased in size
by one-third, and a call of twenty-five pounds
was consequently rendered necessary, the deed of
settlement only allowing of this mode of raising the
requisite capital. The cost of the enlargement, which 1
is rendered necessary by the increase in the number