The Express.
London, England, 1853-10-26 00:00:00

The English funds opened this morning at an ad.
yam* of 1 per cent.on the closing rates of yesterday,
and showed an upward tendency nearly all day,
finally closing at a rise of about 1 per cent. The
purchases of the public for money continue active,
and are increased for the time by the reinvestment
of the dividends. This influence, combined with the
arrivals of gold, the absence of any fresh unfavour-
able news of a political character, and the receipt
from some parts of the continent of more pacific ru-
mours, has sufficed, in the present oversold position
of the market, to induce considerable buying on the
part of late speculators for a fall who are
anxious to cover their sales. Further opera.
tins for lower prices have at the same time been in
spot measure suspended. At the close the market
was steady at the advance, and still extremely sus-
eeptible to any favourable influence, owing to the
liwp sausst of speculative stock sold. The Paris
*MN et to-day showed little verlatise. Frew
Views a further unfavourable movement of the
bourns is reported.
Consols opened firmly at 911 to 3, and ascended
with scarcely a check, to 92 to 5. At the official
close the quotation was 92 exactly, both for money
and account ; at 4 o'clock, 913 to 92 ; and after that
hour, 92 to 3. At the integer, 92, some stock seems
to have come to market, there being orders on hand
to sell at that limit, but prices, nevertheless, closed
firmly. The official business report is as
follows :—Three per Cent. Consols, for money, 911,
1, L 92(;; ditto, for account, 10th Nov., 911, 3,1,
, 921, 2. Three per Cent Reduced, 901, i, 4, I,
11, 90/, i. Three-and-a-Quarter per Cents., 923.
5,5, 1. Long Annuities, 1860, 5 3-16, 51; ditto, 30
years, 1859, 5 1-16; ditto, 1860, 5 7-16. India
Stock, 2431, 249. Bank Stock, 212. This last-
named stock continues to droop.
Exchequer Bills remain quoted par to 4s. prem.
India Bonds were rather better, at 3s. din. to 3s.
prem.
The foreign stock market continues inactive, but
the tone was better. Mexican experienced a further
slight improvement, and Spanish and Sardinian were
also better. Granada stocks, on the other band,
showed a drooping tendency. At 4 o'clock Mexican
Bonds were quoted 243 to 25. Spanish Deferred,
213 to 1; the Certifs., 43 to 53 per cent. Peruvian
Four-and-a-Half per Cents., 70 to 72 ; ditto Three
per Cents., 48 to 50. Granada Active, 19 to 21; ditto
Deferred, 71 to 1. Russian Five per Cents., 11l to
113 ; ditto Four-and-a-Half per Cents., 96 to 97.
The list of sales includes the undermentioned stocks,
viz.:—Brazilian Five per Cent. Bonds., 1829 and
1839,,98. Dutch Two-and-a-Half per Cents., 62, 5;
ditto Four per Cent. Certificates, 93. Mexican
Three per Cents., 241, 3; ditto for account, 28th
Oct., 243, 25. Russian Five per Cents., 1111; ditto
Four-and-a-Half per Cents., 961, 97; ditto Small
Bonds, 963, 973. Sardinian Five per Cents., 92.
Spanish New Deferred Three per Cents., 211, a ;
the Passive Bonds (Converted), 43, 5 per cent.
Money continues plentiful, and the tendency of
the market to-day was rather in the direction of
increased ease, although there is still a decided in-
disposition to lead money for long periods.
The Lady Elgin has arrived from Melbourne,
which port she left on the 14th June ; bat the amount
of gold on board is not yet known. It appears
the Thalia and the Duke of Richmond have no gold
on freight.
The gold brought in from Australia by the Eagle
and Charlotte Jane, amounting in the aggregate to
about 393,0001., has reached London. Shipments
of the precious metal to the continent still go on,
but the demand is languid, and, under existing cir-
cumstances, the greater proportion of this large
arrival will, in all probability, be presented for pur-
chase to the Bank of England.
The undermentioned steads with gold on board,
are known to be on their way to England from
Australia, viz.:
Name. From. Sailed. board. Ounces.
Surge Sydney July 1 6,320
American Laic—Sydney July 1 6OO
Port Wallane......Geelong....July 2 10,108
Royal Georp.....Geolong....July S is,as

Gold on

Total ounces 33,423
The Bengal, which put into Rio, leaky, has also
25,000 ounces on board. This shows a total of 58,423
ounces, worth 233,6001. Two steamers are also pro-
bably on their way home, with further supplies of
gold.
There was no material alteration in the quotations
of foreign exchange to-day, except on Amsterdam,
bills on which place continue in demand, at the
lower rate of 11.17 for 3 months' paper. Business
generally was limited. Bills on St. Petersburg were
offered at 3734 d., being a slight decline. Paper on
Vienna and Trieste remain nominally quoted at 11.20
to 22.
The remainder of the bar silver brought in by the
steamer La Plata has been taken, chiefly for India
and China, at the price last reported, viz., ss. 13d. per
ounce standard. Very large amounts of silver have
for some time past been forwarded to Loudon, as the
produce of the English silver-lead mines, and are
then despatched to the east. There are also very heavy
imports of the poorer ores from the silver mines of
South America and elsewhere, which, although
hitherto regarded as unworthy of the cost of tran-
sport, are now smelted to a considerable profit in
London. In fact, quite a new branch of business is
springing up in this way. The British and Colonial
Smelting and Reduction Company, lately esta-
blished, is carrying on a large business in the smelt-
ing of these silver ores.
At Hamburg two mercantile failures are reported,
owing to the continued fall in stocks and shares, in
which they were largely interested. Being old
established houses, their failure was much regretted,
and had produced an unfavourable impression, in
Hamburg and Berlin.
The feeling in the corn trade to-day was firm, but
the high prices demanded by importers and holders
check the disposition to buy.
Land shares to-day were better supported, Austra-
lian Agricultural and South Australian advancing
V. per share. Peel River were also better. Bank
shares were firm, and Australasia advanced 11., and
London and Westminster Bank 10s. per share.
Crystal Palace shares slightly rallied, being last
quoted 3 to 4 prem, and for the new issue 3-16 to
7-16 prem. London Duck stock has been dealt in
at 109, the Canada Company's shares at 71, and
those of the Submarine Telegraph Company (11. pd.)
at 3
du.
he present quotations of insurance shares are
subjoined: Albion, 95; Alliance British and
Foreign, 26: ; Alliance Marine, 531 ; Atlas, 211;
Argus Life, 23; British Commercial, 73, 71 ;
Church of England, 31; City of London, 21;
Clerical, Medical, and General, 201; County, 12i ;
Crown, 22 ; Eagle, 71 ex div.; Equity aril Law Life,
51; English and Scotch Law ]Life, 41 ; Euro-
pean Life, 203 ; Family Endowment, 4 ; General,
53; Guardian, 60 ex div. ; Globe, 145,146 ; Imperial
Fire, 375; ditto Life, 20 ; Indemnity Marine, 57 ; Law
Fire, 41,41 ; Law Life,s6 ; London, 28; ex div.; Legal
and General Life, 63; Medical, Invalid, and General,
31; Minerva, 61; Monarch, 11; National Loan
Fund, 23; National Provincial Life, 11; ditto,
Fire, 11 ; New Equitable, 11 ex div.; Palladium
Life, 3 ex div. ; Pelican, 45; Phoenix, 18,5;
Professional Life, / ; Rock Life, 84; Royal
Exchange, 242; Sun Life, 65; Union, 220; United
Kingdom, 63 ex div.; Universal Life, 453; Victoria
Life, 51.
Of canal shares the latest Stock Exchange quota-
tions are subjoined :—Ashton and Oldham, 168;
Brecknock and Abergavenny, 824; Birmingham
(guaranteed 4 per cent. by the London and North
Western Railway), 961; Derby, 63 ; Coventry,
200; Grand Junction, 691; Grand Surrey, 50;
Grand Union, 123; Kennet and Avon, 61 ; Leeds and