The Express.
London, England, 1853-06-24 00:00:00

Oaj 55., iltnits.axLaaa.
I t 1;;;;,.; Bitvue.. soot, (
Teaterday to•day.
ROY; IS lu.tr dim Agri—. A /4 71 73 473 1
I M. Ilra.AurricaaLant MI It ;0
14,000. 10.. da Company 353 51 70
memo 5 :rptal l'Alace
Meal 4 Cry.t.ral.of Eraser 2 4 I "
12471: IN. Brit. Aust. LAW i all 3 j pea
I I.o.Preferenee all
130,070 Pec.lnv.l.raLsolia I all 71 23 Til
It 0,0001 1 icotikhitun.ln.cat an 11 sr irsi
Art ei 80 s. Ataftrallan Lao l i :5 43 411
30.000: 150 Van Dlemen's Load 1244 II lit
MONEY MARKET.
1
THURSDAY EVENING.
Business in every department of the Stock Ex-
change was unusually restricted to-day, but the
markets nevertheless presented a more favourable
appearance than for some days past, purchases having
been resumed to a moderate extent. At one time to-
day the improvement was rather decided, but the
suspense that prevails relative to the Eastern diffi-
culty checked the advance, which was not fully sup-
ported to the close. The purchases of the dft/ were
extended t r the funds and to French and English
railway shares. They were chiefly on account of
German houses, and based upon renewed reports of
the prospect of a solution of the question In dispute
through the mediation of Austria. How far such re-
ports are reliable remains to be seen, but they '
have certainly had a favourable effect upon the
market, which continues to be greatly assisted by
the general disbelief that the Czar will dare to risk a
real collision with Great Britain and France. The
Paris bourse is watched closely, but there, as here,
operations are circumscribed by the political sus-
pense, prices being chiefly supported by the scarcity
of floating stock. The quotations from to-day's
bourse were reported as showing an improvement.
Consols opened without change, but shortly after-
wards advanced to 95„ to on some influential '
buying. This improvement, however, was nut sup-
ported in the afternoon, the closing quotation being
98 9.16 to Z ex div. for the 19th July, at which
range the market retained much firmness of cha-
racter. There was also some buying of Three-and-a-
Quarter per Cent. stock. The government broker
invested in Reduced Threes at DO:. The official
business report includes :—Three per Cent. Consols,
for the opening, 19th July, 981, Z, ex div.; Three
per Cent. Reduced, 991, ; Three-and-a-Quarter per
Cents., 1015,4, 1. Long Annuities, 1860, 5/. Bank
Stock, 2281, 229.
Exchequer Bills remain quoted 2s. to ss. prem.
India Bonds have been sold at 28s. prem.
Foreign stocks show no alteration of moment,
business being quiet, and prices well supported.
Russian stocks were steadier, and Equador flatter.
In speculative descriptions there is an entire absence
of movement. At 4 o'clock Mexican Bonds were
quoted 271 to 24 ; Spanish Deferred, 23k to Z ; the
Certificates, 51 to 61 per cent. Peruvian Deferred,
59 to 61 ; ditto Four-and-a-Half per Cent. Scrip,
t die. to 1 prem. Granada Active, 211 to 221;
ditto Deferred, 9/ to 10. Sales are thus marked:—
Belgian Two-and-a-Half per Cents., 561 (exchange,
25f.) Brazilian Old Five per Cent. Small Bonds,
100 k ; ditto Four-and-a-Half per Cents., 1852, 98/.
Buenos Ayres Six per Cents., 63. Dutch Two-
and-a-Half per Cents., 65, 1; ditto Four per Cent.
Certificates, 96, 1 ; ditto Four per Cent. Bonds, 95.
Equador Bonds, 51. Granada Deferred, 10. Mexi-
can Three per Cents., 27/, 28. Russian Five per
Cents., 1171, 1, ; ditto Four-and-a-Half per Cents.,
1021. Spanish New Deferred Three per Cents.,23k.
Swedish Four per Cent. Provincial Mortgage Loan,
1 din.
Money today has been in very brisk demand.
The Lombard-street houses continue to adhere to
their minimum rate of 31 per cent. for the discount
of Brat class paper, or 1 per cent. below the Bank of
England rate.
At the Bank of England to-day there were no
acceptances of new stock.
As was expected, the South Sea Company, at their
meeting to-day, struck a final blow at the govern-
ment conversion project, so far as the forced commu-
tation of South Sea securities is concerned, by elect-
ing to have the corporate stock of the company,
amounting to 3,662,7841., paid off in money, in pre-
ference to actepting any of the new stocks offered by
government. A report of the proceedings will be
found in another column. The total amount of the
South Sea securities coming within the provisions of
the government measure is 9,028,8461., of which the
above-mentioned sum forms a part. As the holders
of only 1,191,2971. have signified their willingness to
receive new stock instead of money, it follows that
the Chancellor of the Exchequer must be ready next
year to pay in cash 7,837,5491., deducting, how-
ever, some small amount which has been purchased
in the market during the last fete months on account
of the Sinking Fund. Holders of South Sea Stock
who are resident abroad certainly have a longer
term assigned them within which they may assent
to receive new stock, but it is not at all probable they
will avail themselves of the option. The stock known
as "Bank Annuities," created in 1751, and amount-
• ing to 694,6921., is included in the act in the same
category as the South Bea Securities. No separate
return has been published of the amount of this stock
which the holders are willing to exchange for new
stock, but it is probably small, and the balance will
also have to be paid off by Government. The total
demands upon the Treasury next year in connexion
with this unsuccessful portion of the Chancellor's
plans will thus be probably eight millions and a half
sterling. It is worthy of notice, however, that Mr.
Gladstone has very prudently fixed different dates
for the paying off of these old loans, and, in the case
of the corporate stock of the South Sea Company, no
date is fixed at all in the act. This is more clearly
shown below :
To be paid off sth January, 1854: •
Groat amount.
New South Sea Annuities £2,074,984
Bank Annuities, 1726 694,692
Three per Cent. Annuities, 1751
Total
To be paid off sth April, 1854:
Gross amount.
Old South Sea Annuities
To be paid off, but no date fixed:
Gross amount.
Debt due to the South Sea Company at 3 per
cent. (being the corporate stock) £3,662,784
The act declares, however, that the dividend pay-
able by government on the corporate stock of the
company shall cease on the sth January next.
With reference to the foreign debt of the Equador,
as affected by the propositions lately made to Mr.
Mocatta, the committee of Spanish American Bond-
holders have called a meeting of the holders of Colom-
bian bonds for Tuesday next.
Notice has been given that the half-yearly divi-
dend on the Six per Cent. Bonds of the Richmond,
Fredericksburg, and Potomac Railroad Company
will be paid from the let of July.
Miscellaneous shares were not actively dealt in
to-day, but generally showed more firmness. Aus-
tralian Agricultural advanced 11. Australian Bank
shares were quiet and steady in price, except Bank
of Australasia, which ruled 11. lower. Crystal Pa-
, lace shares were better, closing 2 13-16 to 2 15-16
prem, Shares of the London Joint Stock Bank
have been done at 231; London and Westminster
Bank, 331, 361, 34; Union Bank of London, 19; Ber-
lin Waterworks, par ' • Magdalena Steam (41. paid),
2!. Shares of the Australian Building Company
were quoted L to; prem. ; Melbourne and Colonial
House Investment, par to 1 prem. ; Aberdeen North
American Land, ss. to 10s. per share.
Annexed are the latest reports from continental
bourses, as received by Mr. Renter's telegraphic ex-
press : Amsterdam, W ednesday, closing prices:—