The Express.
London, England, 1851-01-29 00:00:00

THIS DAT.

Two o'CLocc.
Purchases on public account by the government
broker have been continued to-day, and maintained
the Consol market at yesterday's range during
the morning, but with the cessation of these
operations some money sellers came forward,
and prices have receded 4. The general feeling
of the market remains quiet, and there appears to be
no speculative movement worthy of notice.
Consols opened at yesterday's rates, 961 to 1, but
have since declined to their present quotation, which
is 961 toy both for money and the account of the 12th
Feb. Business is officially reported as follows : Three
per Cent. Consols. 96; 4; do. for account, 964, ;
Three per Cents. Reduced, 971, 1. New Three-and-a-
Quarter per Cents., 99, 981. South Sea Old Annul-
tie., 961. Bank Stock, 2141. India Stock, 266.
The market for Exchequer Bills is busier, and
prices are looking up. Business is marked in all de-
scriptions at 585., 816., and 58e. prem., which shows
a rise of Is. India Bonds, 1,0001., mark 68s. prem.
The near approach of the settling day in the foreign
stock market (which is fixed for Friday next) has
occasioned an increase of movement in this depart-
ment. The transactions to-day are of a rather
varied character, most descriptions having met with
; business. Prices, however, have not experienced any
material change, but the general feeling shows rows
firmness than has been observable for some time paot,
and the tendency may be pronounced decidedly
favourable. Spaniels Actives have obtained better
rates, bargains having been ooncluded at 181. The ,
list of this morning's sales is as follows, viz.: Brazi-
lian Old Five per Cents., 901. Danish Five per
Cents., :1021. Two-and-a-Half per Cents. Dutch,
584; ditto Four per Cent. Certificates, 911, I,Equador
Bolide, 31, 3:. Grenada Ooe.and-a-Half per Cents.,
171, 17 ; ditto Deferred, 31„ 32.. Mexican Bonds,
331,1,1.1 ex di,. Peruvian Four-and-a-Half per
Cents., 1849, 781. Portuguese Five per Cents. Con-
verted, 1841, 35 ; do. Four per Cents., 341. Russian
Fire per Cents., 113 ; ditto Four-and-Half pee Cents.,
97, 1; ditto smaq, 974. Spanish Active Five per
Cents., 18„ 4; the Passive Bonds, 31; the Three
per Cents , 381. :Venezuela Two-and-a-Quarter per
Cente 30; ditto Deferred, 11.

. . _ .
The amount appropriated last year for purchases of
stock by the Commissioners for the National Debt
was, by notice of

s. d.

J astuay 7 30F,748 9 10
April 4
July 7 633,412 13 2
Ombra 11 861,628 8 6

Total
For the present quarter the amount so appropriated
is 863,7881. It seems very questionable whether
these purchases cannot be made more advantageously
towards the end of the quarter, instead of being made
at the time of the payment of the dividends, simul-
taneously with the:purchases of those who wish to
increase their investments.

The dividend warrants on the Canada debentures,
negotiated through Baring Brothers and Co., are
advertised for payment ; as are al.o the dividend
warrants on the Louisiana state bonds. Both these
dividends fall due on the let of February next.
At the half-yearly meeting of the shareholders in
the London and Greenwich Railway held to-day,
the usual dividend on the new shares was declared,
and a dividend of 45. on the old shares, which is a
alight increase. The directors expect to renew some
of the debentures at a lower rate.

We have received the following letter on the
emergency, now requiring the attention of the
Spanish bondholders. In the Paris Petrie it is stated
that Count Van itaszow, delegate of the Amsterdam
bondholders, has had such a satisfactory interview
with Queen Christina that he does not think it neces-
sary to stay at Madrid, and has set off for Paris.
There is, no doubt, some plan for the arrangement of
the debt will be brought forward by the ministry, and
it is therefore any aiaito sooctlaies olsould b. Ann* by
the bondholders.

Stx„—The extraordinary apathy of the committee and
holders of Spanish Sonde, at the time when the utmost co-
operation and vigour is required to advance their claims at
Madrid, is most detrimental to their interests ; for how can
it be expected that either the Snafu Ambassador or Mr.
Weiswell•r will continue I. advocate claims concerning
which the claimeate themselves evince so little interest.

Toe committee complain, and no doubt justly, that the
bondholders leave them to pay the wholeexpense, but surely,
with such financial heads at Baron Rothschild and Mr.
Cartel some mean, can be devised by which ample funds
could be raised to send a first.rste agent to Madrid to watch
over interests which involve an amount of at least 60 millions

sterling.
The bondholders would willingly unction any expense
payable out of the first dividends they receive ; therefore it
appears to me that this security might he made available in
tome shape or other, if the grossest indifference did not exist
on the part o. those to whom the intereste of the bondholders
are coolided.
Is not the apathy of the bondholders a positive encourage-
ment to the Spanish government to offer the lowest possible
terms ? Let me entreat you, therefore, on behalf of a
numerous body whose purses are not quite so long as Baron
Rothschild's, to advocate more energetic measures, the more
particularly as M. Ber.rand de Lye, the present minister of
foreign affairs, is disposed to grant terms to the bondholders
which, even if his own plan were adopted, would nearly
double the present value of the bonds.
I am satisfied that if a man of high standing were to
be sent out to Madrid as the representative of the British
bondholders, he would obtain the very moderate terms
they have offered to take in satisfaction of their long neglected
MESCATOI.

At the last dates from Graham's Town a manufac-
tory for heavy woollens was in progress of
establishment. Thus in our African as well as in our
Australian colonies the woollen manufacture seems
destined to spread.
The subjoined calculations show the rate per cent.
per annum yielded by the various securities cited at
the average of the prices which ruled this day.
Where the asterisk(•) is prefixed it is to be under-
stood that the share rate of interest is lees the in-
come tax. It will be seen that in every ease we take
the rate of dividend last declared as the bails of our
calculation :

Three
Three y
perC Badased 97et Ont. Commis avenue pries 961 yi4dper end. 83 3 0
ass. 6 3 1 6 a
New Three-and-a4narter per Cents 2O • 3 6 73
Beak Stock (dtv. 7 per cast. pet ann ) 213 I 6 41
India 6todk (gra% per cent perm.) 26rf it 1 18 6
Attesquer &Ile (lat. 144. pee day) 6Ol. pm. a 3 4 36
Eastern Counties Shares Nhaltleerly
die. la per it. of 104 equal to lisra
Gent. per ann.)
Great %Inane /3101 eh. (dlr. at the
rate et 4 per cesd. per aaa.)
Laneeshirs and Tortsidre tlO9
.. .

w 6 16 116

Eitark..(4llv. at the rite at 2 pet amt
on
ann.)
Dram h Booth Western. Stott (pro
bible fortheaming die: at the rate
.. . .. ..

of 4 per mat por-oso.) U • 4 14 It
co4cor rad North. Waiters* Stock (dlr
et the rota of 3 per oast pa. atm.) 1111 4 0 r
Ildloode Stock (dlr. at the rate ef
11.. 12s. per et. per inn.) n . a 1 14
oath raters* Stook (die. et the rats
of 3 per amt. per um)

•4 0 0

Hamburg letters of the 24th report a good demand
he ell descriptions of stocks, especially Russian and
Danish, whilst the quantity offered was small.
Prices were t—Hasoveflan New Five per Cent., 104.
Russian English loan, 104; ditto Ponr-and-a-Half
per Cent., 91; ditto Four per Cent., Certificates,
(StiegEtz), 88. Prussian, Four-and-a-Half per
Cert., 1850, 1051. Danish-English Three per Cent,
1828, 72$ to 73 ; ditto Five per Cents., 941. Spanish
Ardoin, 111; the Home Three,per Cent., 311, United
States Sit per Cents., 1041.
Money was still very abundant, and could obtain
but little employment. Gold was quoted 4211 per
mark; Exchange on London, 13.31, short, and at
3 months, 13.21.
MOLISE FUNDS,-Tan Dry.
Out Moat, 3H 16 3 pie Ct.Oan. Lee.. Ni
I per 413. led. Lewes. VI 3 pm 013. 901 9
Spa Qt. Osa..Aitos., 966 BILLS& to 61s
roam 1
mc&estruiA 7 tpur 01 Me. Itl •
per Oast., rimt stsl 4" • • vet Ket..1313.,
ttliguTiflarin BO 91 per 013.Reagcrt •
pm. ii•Alaus Anis. 46 9 r-LVlrs.
.spar Ct. Conn Itse.. 104 6 Liar, 1414
• Mete Ooluffib. Del. 3 rat Ede, NT'
. Womble.. taunter 33.1,..43 4 . ~.-
3 mt. Ct. Daunt Ude., 77 9 •
It Dee H. Duteb 67.4.34 bet 't44
iget Ct. DIU& cent.. Ml 3 TOWNS 14