The Express.
London, England, 1853-03-07 00:00:00

MONRY MAR if ET.

8 Entwine.
The English stock market to-day was fiat, and the
slight improvement established yesterday was lost.
Throughout the various departments of the Stock
Exchange considerable dulness prevailed, and the
tendency of prices was drooping. It is evident that
the rightness of the money market is reacting upon
public securities and checking investments.
Console opened 991 to 1, but soon became flatter,
and closed 991 to 1 for money and Thursday next,
and 901 to for delivery in April. Business was
scanty in the extreme. The only stocks dealt in were :
Three per Cent. Consols, for money, 994, ; ditto,
for account, 991. Three per Cents. Reduced, 1001,
1. Three-and-a-Quarter per Cents., 1031, 1. Long
Annuities, 1860, 6 7-16. The transfer books for India
stock are now shut, and will remain so until the 14th
April. The books for other stocks on which the
dividends will fall due next month, will be closed
and opened as follows :—Bank Stock, from Wednes-
day, the 9th inst., till Friday, the 13th April ; Re-
duced Three per Cent. Annuities, Long Annuities,
and Annuities for terms of years, and the Three-
and-a-Quarter per Cent. Annuities, from Thursday,
the 10th inst., till Tuesday, the. 19th April; and the
South Sea Stock Annuities, from Wednesday, the
9th inst., till Friday, the 13th April.
Exchequer Bills of the Inns issue, bearing 11d. in-
terest per cent. per day, remain quoted 13s. to les.
piem.
In the foreign stock market there were only a few
scattered transactions. Greek Bonds were again in-
quired for, and realised 71. Mexican condone their
upward movement, and to-da7 reached 235. Other
Istocks present no feature of importance. The New
Peruvian Four-and-a-Half per Cent. Loan is better,
being quoted 41 to 3; prem. The sales recorded
are :—Brazilian Four-and-a-Half per Centel., 1832, 98,
971, 98. Chilian Three per Cents., 791. Dutch Four
per Cent. Certificates, 99k, I. Cheek Bonds, 1824
and 1823, es overdue coupons, 7, 74. Mexican
Three per Cents., 231, 4, 1. Peruvian Six per Cents.,
108. Russian Five per Cents., for account, 16th
March, 1181 et div. Sardinian Five per Cents., 901.
Sixinish Old Three per Cents., 484, 48, 1; ditto
New Deferred Three per Cents., 24; ' • the Committee's
Certificates, 64, 7 per cent. Swedish Provincial
Mortgage Loan, 11, 11 dia.
The subjoined letter from a correspondent has re-
ference to the proposed conversion of the Peruvian
Six per Cent. Bonds into a Four-and-a-Half per Cent.
stock :

PERUVIAN BONDS.
TO TEI EDITOR OP TON 1111131.

Sir,—Allow me to draw your attention to the conversion
of the Peruvian Bix per Cut. Bonds into a stock bearing
only 41 per cent interest.
The proposition is to give 118 10 of the new stock issued
at 85, in exchange for 1001.1 of the Six per Cent. Bonds, which
after deducting 18s. as discount allowed for paying up the
instalments at ones, makes a sum equal to 991. 16s. 6d.
Thus-100 New 4} per Cent. £B6 0 0
18 10 l6 14 6

£lOO 14 6
Less discount

£99 16 6

-- -
Now, taking the value of the Peruvian government for
their new stook at 8.5, if a Four-and-a-Half per Cent. Bond
is worth 851, money, then a Pia per Cent. Bead is worth'
1134 ISs. Bd., money, or its equivalent of 1331. 81. Bd. in
New Four-and-a-Half per Cent. Stock, therefore my esti-
mate of the loss 'offend by the present holders is the dif-
fersuee:botween 1331.65. Bd. and 1171. 125., or 161. 4s. Bd.
New Stock upon every 1001. 81* per Cent. Bond.
I am, &r, your obi dient servant,
London, harsh 4th. A PIIII7VIAN BONI/HOLD/IL
P.S. It is hardly necessary to question the intentions of
the government of Peru to deal with the dissentients on
any other terms than those on the load, but those who as-
seat to the proposal of course make a fresh agreement, sad
have no power to fall back iato their original position.
Our correspondent seems to overlook the fact that
the Peruvian government has actually the power,
and even, it would appear, the legal right, of paying
off at par all such parties as may dissent from the
proposed conversion. The Six per Cent. Bonds con-
tain clauses which are found to be very embarrassing
to the Peruvian government, and are not at all cal-
misted to meet the circumstances which have since
arisen, and could not have been foreseen ; therefore
the Peruvian government have made this proposi-
tion, in the hope of inducing the holders to exchange
them, so as to prevent any Mare disagreement be-
tween the two parties, arising from the different con-
structions which might be put on the amortization
clauses. The large holders are unanimous in accepting
the new stock, and although doubtsmay be entertained
if it would not have been more to the interest of
Pero if she had offered terms such as would have
satisfied all her creditors, it is yet evident that any
dissentient bondholder would lose by rejecting the
conversion.

The imports of the precious metals this week have
been unusually heavy, owing to the resumption of
the Australian supplies, whilst the exports have at
the same time been comparatively small. Excluding
the Australian imports reported towards the close of
last week, but which only arrived in the Thames
this week, we have to record the following arrivals,
vis :—By the Canada, from New York, 217,000 dola.;
by the Roxburgh Castle, from Port Philip, 168,000
ounces of gold ; by the Chowringhee, from the same
port, 63,713 oz.; and by the Agenoria, from Sydney,
200 oz. The total value of these imports may be
I stated at full 970,0001.

The Custom-house statement o► the shipments of
the precione metals direct from London during the
weak ending Thursday is as follows :—Gold coin :
To Belgium, 800 oz.; to the Mauritius, 2,1461. ; to
Sydney and Port Phillip, 4901. and 4,280 oz. Silver
coin :To the Mauritius, 4,0001. Silver bars :To
Bombay, 8,186 oz. This gives a total of 4,780 oz.
and 2,6361. in gold, and 4,0001. and 8,186 oz. of
silver, the aggregate value of which is only about
27,0001.
We are also advised of the undermentioned ship-
ments, viz.:—B 7 the Indus, 95,7441., of which
83,7441. was in silver and 12,0001. in gold, chiefly
for Calcutta and Bombay ; by the Haddington, for
Constantinople and Malta, 7,9581.; by the Iberia,
for Lisbon, 14,6401. ; by the Madagascar, for
Port Philip, 80,0001. in coin ; by the Maori, for
New Zealand, 4,0001.; by the Australia, for Sydney,
a further sum of 20,0001. ; and by the Avon, for the
West Indies, about 20,0001.. The total shipments
from the kingdom for the week are thus raised to
close upon 270,0001., and there is consequently an
excess of arrivals over exports to the amount of
700,0001. The shipments of the precious metals to
the continent continue very small: The exports to
the East, being nearly all in silver, are not calculated
to exercise any effect upon the stock in the
' Bank of England. The chief demand for our
coin is still for Australia.

The shares of the new Australian Thinking institu-
tions were all natter to-day. South Australian Bank
shares fell 21. Australian Agricultural receded to
101, but closed rather firmer at 103 to 108. The
other land companies' shares participated in the pre-
valent depression. North British Australasian finally
closed 2k to 21 pm.; and Scottish Australian
Investment, 2 to pm. There has been
a continued inquiry for Crystal Palace shares,
which have run up to 1/ prem. Transac-
tions have taken place in the shares of the
London and Westminster Bank, at 331; Provincial
Bank of Ireland, 481 ; Royal Australian Banking
and Gold Importing (11. paid), 11,1; St. Katharine
Docks, 1001, 100; National Patent Steam Fuel (1(.
paid), I ; Netherlands Land Enclosure (21. paid),
2}, ; North British Australasian Minimum Seven
per Cent. Preference Shares (U. paid), 31, 1; Penin-
sular and Oriental Steam, 851; do. (251. paid), 49;
Submarine Telegraph (11. paid), 1. Ebro Canal
Shares are quoted 11 to 11 prem.
Several new joint-stock undertakings have come
upon the market during the last few days. The
New South Wales Coal and Intercolonial Steam
Navigation Company proposes to raise 150,0001. in
21. shares, with a view to developing the coal-fields
upon the Hunter River, New South Wales, and carry-
ing the produce by steamers of light draft to the va-

rious Australian porta. Tracts of land rich is coal
are stated to have been already secured on advan-
tageous terms. Chinese labour is to be employed,
and a charter of incorporation or colonial act to be
applied for.
The Spanish and Portuguese Screw Steam Ship-
ping Company is being formed, with a capital of
200.0001., in 10/. shares, to supply a more speedy
and certain mode of transit than at present exists
for produce and manufactures between this country
and Spain and Portugal. Screw steamers of about
630 tone each are to be employed. The produce
proposed to be conveyed being chwfly of a perishable
character, it is assumed that screw steamers will be
found very serviceable.
The following calls on joint stock enterprises have
just been:declared,viz. IA call of 21. 10s. on the shares
of the British Colonial Bank and Loan Company,
payable by the 30th June ; a call of 21. on the shares
of the Australasian Pacific Mail Steam Packet Com-
pany, payable by the Ist April ; and a call of one-
tenth, or 2/. per share, on the shares of the Graisies-
sae to Beaters Railway, payable between the 21st
and 26th March.

The second instalment of 41. per share is now in
course of payment on the shares of the Ebro Canal-
isation Company, subject, however, to a deduction of
six months' interest, at the rate of 4 per cent. per
annum, upon the original deposit of 41. per share.
A call of 61. is also payable on the sham of the
Egg/link Boleti* sad Amsted:is Chartered Beak.
Notice hu been given to the shareholders of this last
named company that the deed of settlement lies
ready for signature.
Hamburg letters; of the Ise March, received this
day, report more demand for bills on London, which
had been done at 13.4 i to a, and 13.5/ to 6/, closing
at the latter rates. The weather was unaltered, but
the frost was, if anything, more intense.
The following notice has been issued to holders of
Birmingham and Oxford and Birmingham and Dud-
ley Railway coupons and shares :
The directors, having reserved a portion of the Great
Western preference stock, duly created and authorised to
be allotted under resolutions of the proprietors of the 25th
April, 1850, and 12th August, 1852, have this day resolved
to issue a Pepetual 4 per cent. Stock" (irredeemable), to
be applied in discharge of a part of the purchase moneys of
the Birmingham and Oxford, and Birmingham, Wolver-
hampton, and Dudley Railways, either by allotment to the
holders of the shares and coupons, or otherwise, as the
board may determine. lam desired to make this reiplu-
lion known to you, as one of such holders, in order that you
may signify to me (in the annexed form) whether you wish
the directors to allot to you any ; and, if so, what portion of
the said preference stock, by way of conversion for securi-
ties registered in your name. The " Perpetual 4 per cent.
Stock" will bear that rate of annual interest from the Ist
April, 1853, payable half-yearly, at the some time with the
other fixed stock of this company. I have to request that
you will return to me the annexed form, dilly filled up and
signed, and with as little delay as possible, in case you are
desirous of accepting an allotment of the said stock, as the
directors reserve to the board the right of assigning the
unissued portion, either according to priority of application,
or rateably in proportion to the amount applied for, whether
by the holders of the said securities or by other persons;
and your application for it cannot be entertained unless re-
ceived by the 15th March. Due notice of the allotment will
be made, with instructions as to the registration of it, in
exchange for any shares or coupons you may hold in either
company.
The Railway Times estimates the total receipts
since the Ist Jan. as follows:
No. of Average receipt
Total Receipts. miles open. per mile.
1853 £2,393,505 6,693 £35318 0
1852 2,101,648 6,327 33.218 0
1851 1,992,998 6,230 319 18 0
The official returns of the Irish Banks of issue
give the following numbers for the four weeks
ending Saturday, Feb. 10,1853:

anniadoi,
Name sad Tido authorised
The' et Irobed—
The 'redoubt Doh eireulQ" 31117:6642i
The Notimaill=ge=sYsi- 243.440
Thins ilheeridgemilkietstesibm 311,079
The Ofinfebebtluir N 791,727
Neale efloubed 24,064
The Clieumst National Beak
trebled. 66,429
Total

2,1110,473
143,337
421,7111
231,417
413,245
412214 b
17,1

44,999

_A.11,t4.454

Airet age
mount
of Coin.

4h1,959
2211,314
224,4.1
21,230
129,711
211.479
9,174
10,641

I•R.I

These figures, compared with the returns of the
preceding month, show a slight falling off in the cir-
culation to the amount of about 3,0001., while in the
bullion there is an increase of 17,429/.

THIS DAY—Two o'CLoow.

The English stock market continues dull, there
being an entire absence of movement. Consols have
been quoted all morning 991 to for money and
Thursday, and are at this moment a shade flatter,
being just buyers at 991. The continuation to April
rules at 3-18 to 1. The Three per Cents. Reduced
mark 1001 to! ; the Three-and-a-Quarter per Cents.,
1031 to 4; Bank Stock, 227 to 228 ; Exchequer Bills,
June, 17s. prem. ' • India Bonds, 465. prem.
Foreign stocks are generally steady. The chief
business has been in Sardinian, which has risen to
981. Mexican Bonds are again better, but Spanish
are flat. Mexican Bonds mark 2,51 to I ; Greek
Bonds, 71; Spanish Old Threes, 471 • ditto New
Deferred, '
24 to ; ditto Passive, 81; the Com-
mittee's Certificates, 81 to 7 per tent.; Turkish Scrip,
11 prem.; Equador, 81 to 1; Granada Deferred, 111.

BERLIN, MARCH 4.—Voluntary LOOM, 1011; New
Loan, Four-and-a-Half per Cent. (1850), 1021;
ditto (18.52), 102; ; National Debt, 931; Com-
mercial Marine Society's Premium, 1484; Bank
Shares, 10.
VIENNA,uIa( 4.—Five per Cent. Metalltques,
New Loan (Series A), 944; (Series B), 1051;
Four-and-a-Half per Cents., Bank Shares, 1402.
Exchange on London, 10.50.

CAPTAIN JOHNSON'S BAIL.—At the Central Crimi-
nal Court. on Friday, an application was made by on. of
the persons who had beams bail for Captain Johnson that
the enforcement of the bail might be stayed till next session,
on the ground that the prosecutrix had refused to prose-
cute, and was at that moment harbourng Captain Johnson
at her residence. He had done his best to cause the appre-
hension of the accused, but at present it had been found to
be impossible, and unless this application were granted, the
bail would be forfeited. The Recorder said if tradesmen
were so foolish as to become bail for persons of whom they
knew so little, they must take the consequences. The boil
had become forfeited by the non.appearanee of the accused,
but if the applicant should be instrumental in effecting the
capture of Captain Johnson, the court might be induced to
take a different view of the cue.
SINGULAR DELUSIONS.—On Saturday a commission
of lunacy was opened at the Maidenhead `raven, King's-
cross, before Mr. Commissioner Barlow and 19 special
jurors of the county of Middlesex, to inquire into the state
of mind of Mies Julianne Hutchinson, a maidea lady, of
Russell and Grosvenor-squares, and fir some time past re-
siding with her brother-in-law, Thomas Henry Hall, Esq.,
at No. 49, Tavistock-square. After the reception of some
medical evidence (Avery decided character, the unfortunate
lady was introduced. She appeared to be about 50 years
of age, and in good bodily health; she was elegantly
attired, and upon taking a seat said, in answer to questions
put to her by the commissioner, that all her properly was
now gone, and she herself had been buried, and was to be
burnt ; she was buried before she was born. Her house in
Grosvenor-square was worth 30,00 W. a year, but she had let
it for 2001. She had at one time spent 25,0001. per annum,
when she lived in Grosvenor-square, where she had set up a
theatre. Her head had been cut off, and there were epaulets
upon her shoulders. After other answers of the same inco-
herent description, she was led out of the room. Further
evidence was then adduced to fix the period of the com-
mencement of the insanity, and the learned commissioner
having summed up, the jury returned a verdict dating the
insanity of Miss Hutchinson from the 18th of November,
1834
DOMESTIC LIFE AT THE TUILERIES.—The Paris
correspondent of the Leader gives us a peep into imperial
privacy :—" The ordinary days at the Tuileries, when there
is no reception, pass off monotonously enough. The Empress
works embroidery, or needlework, part of the evening.
About ten o'clock Bonaparte plays at vingt et un with
the ladies and gentlemen of the court, and after a few tours
de benquier, retires with the Empress. He continues to
display the warmest proofs of attachment to his bride. All
' that she asks she obtains: exceptin matters of public policy,
there he is impregnable. You know that she met with a
first repulse with regard to the property of the Orleans
family. Lately she returned to the charge, entreating the
recall of the exiled generals. Bonaparte shook his head,
and bogged her not to repeat such applications."

COMMERCIAL AND MARKETS.

MARK-LANE.—THIS DAY.
We bad but a moderate supply of Emslish Wheat this
morning by land carriage samples from Essex and Kent;
the condition, owing tothe wet weather,was very indifferent,
and some difficulty was experienced in effecting sales at
the rates of Monday last. Flour sold slowly, at late prices.
Barley was in short supply, and its previous value was
well supported. With the exception of Irish, our market
has been scantily suppaed with Oats, and the trade ruled
dull at a decline of 6d. per qr. upon the former description.
Beans were fully as dear, but Feat sold slowly at last
week's currency.
ARRIVAL/1 INTO LONDON mom FEB. 29th to M.tRCII Sth.
Wirt
Qrs. End S. scotch. Irian. Vereisn.
4120 1152 I
Barley 2815 llt I s
Ost4. SS7 4345 18271 1 6:0
Malt ......
....
Mar, MS hstrels and 1211.9 sacks.

MINCING.LANE.—TIITS DAY.
The private contract markets are steady, and most articles
wear a firm appearance.
TMA continues in fair demand at full prices.
COTTON in limited request.
NETALS.—lron.—Scotch Pig: Prieto have been steady
during the week, but there has not been much activity in
the market. Bar Iron without alteration. Tin: An ad-
vance of Sc. has been made in the prices of British. Silas
of East India have been effected at about the same ad-
, ranee. Banc*, 1235. ; Straits, 118 s. to 119.. Speiter
Prices are supported, but not much doing. Copper firm,
the late advance.
Oriorwileal, pals, 361, 101.; straw, 831. to 94/. ; brown,
DU to 331. ; spew, 901. to 301. 10s.; headwaiter, 0214
cod, 331. 15a. to 341. ; South Sea, 32,. to 371. ; Olive
Gallipoli. OW. 10s. to 701.; Spanish and Sicily, 661. to 671.;
palm, 331. to 331. 10s. ; cocoa nut, 381. to 401.; seed, rape,
pale, 381. to 39/. ; linseed, 311. 10s. to 311. 151.
The sales advertised for tomorrow arc rather moderate,
viz. :—of Sugar, 200 Mids. of West India, 5,000 bags Bra-
ga!, and 1,500 bags Madras. Coffee : 200 casks plantation
Ceylon. Cochineal: 150 bags.

SMITHFIELD MARKET.-THIS DAY.
In consequence of a large supply, and the warm, damp
weather, trade is very slow for Beasts, at rather lower
prices. Several of Inferior quality remain unsold. Although
there is again a decrease in the supply of Sheep, trade is very
dull, and, notwithstanding we retain 5.. 4,1. as quotation for
the choicest Downs, it must be considered on extreme one.
There is a considerable increase in the number of Calves,
over that of last Monday, prices on the average are conse-
quently lower. From Oermany and Holland these are 6.N
Beasts, 1,270 Sheep, and 117 Calves; Scotland, 400 Beasts;
Norfolk and Suffolk, 2,800 Beasts, and 300 from the North-
ern and Midland Counties.

rem;ne of SIN. -71.7 d.
Roo Herefords 3 10 4 0
Bat Sibtasehosas
Second guallts lissolo 3 0 3 4 ,
Chives
MP 3 S 4 4 1
Son lon.. t llolf-brols 8 0 4 4
PIP. M.
Noose at market. 4.487; Sloop

Pe Kone of alta. a. 4. a. d.
Beat Dug. ♦ Ilf.-bds. AI 0 0 0 11
Bag Louz-vr.v.:l ..... 4 0 410
90. do. Sham
Ewa, awl ow. oat' quJity 4
lam
and Limbs, 13.140, Cod.

O 4 1
0 0 0
O 0 0
,c.. 118;

TALLOW MARKET.-TIIIS DAY.
The market is quiet to-day. The arrival of the vessels
from Australia with Tallow tends to weaken the market,
and quotations are 3d. lower in all positions. Town Tallow
is quoted 435. 6d. nett cash. • Petersburg Y. C. on the spot,
445. 3d.; March and April, 441. buyers; Oct. to Decem-
ber (new), 441. 34. to 445. tki.

to 3. 1 1043.