The Express.
London, England, 1853-02-18 00:00:00

227, 228.

The market for Exchequer Bills was rather more
settled, but still far from steady, and business in
large amounts was declined. The transactions in
the June bills (bearing I Id. interest per
cent. per day) were at 35x. to 455. prem. ;
but the closing price appears to have been only 30s.
to 405. premium. The price realised by the issue ad-
vertised to be paid off (and which will from that date
bear an interest of only Id. per cent. per day), was
better, there being business at 20s. to 355. premium.
It appears to have been anticipated that the Isrger
holders of Exchequer Bills, amongst whom are many
banking institutions, would flood the market with
them scouritiss on the annommentsnt of the masa
tion in interest, but, instead of this being the case,
the sellers have been unusually few. It is evident
that large holders prefer retaining their bills to
selling at a serious sacrifice, and probably the hope of
an easier money market ere long assists in producing
this effect. As we before observed, many banking in-
stitutions and other parties are compelled to have re-
course to Exchequer Bills as an investment for un-
employed capital, owing to these securities possessing
the great advantage of having the interest that ac-
crues daily, small though it be, immeuiatcly tan-
gible, whilst transactions can at the same time be
effected in them without the slightest delay, or the
impediment and expense of transfer. A large
amount of Exchequer Bills is constantly absorbed in
this way. On the whole, the impression that the
government will succeed in carrying the reduction
has become stronger, owing in sonic measure to the
support that is sure to be given 'to the market by
many parties interested who have great influence.

India Bonds have also been rendered unsettled by
the Exchequer Bill reduction. There were transac-
tions in these securities to-day at 60s. and 50s.
premium.
The foreign stock market is very firm, especially
the favourite dividend paying descriptions, and the
tendency of prices is favourable. Spanish and
Mexican bonds are also firm. Swedish scrip re-
covered to 1: dia. Turkish scrip remains quoted at
1 to 1 prem., will nothing doing. Granada De-
furred bonds are flat. Sales are thus marked : Bra-
zilian Four-and-a• Half per Coats., 1852, 971; ditto
New Five per Cents., 1829 and 1839, 103. Buenos
Ayres Six per Cent., 63. Dutch Two-and-a-Half
per Cent , 651: ditto Four per Cent. Certificates, 98,
Mexican Three per Cent., 231, 1. Peruvian De-
ferred Three per Cent., 621, 63. Portuguese Four
per Cent., 39. Russian Five per Cent., 120 ; ditto
Four-aud-Half per Cent., 104. Sardinian Five per
Cents., 961. Spanish Old Three per Cent., 471;
ditto New Deferred Three per Cents., 23, 1; ditto
Passive (Converted), 51; the Committee's 'Certifs.,
4/ per cent. Swedish Mortgage Loan, 11, lt, 11 die.
Venezuela Deferred One per Cent., 141.
The shipment. of coin to Australia continue heavy.
The amount of specie that will be taken out by the
Australian steamer, which is fixed to leave London
for Australia on Saturday next, is not yet accurately
known, but is expected to be about 200,0001. We
are also advised of the shipment of 90,0001. by the
Phoenician, and 25,0001. by the Australia (sailing
vessel) both for Sydney ; and 10,0001. by the Port
Wallace for Port Philip. The total amount of these
shipments is no less than 325,0001.
The settlement in the shares of the Australian
Agricultural Company, which has already been seve-
ral times put off, was this afternoon further post-
poned by the committee of the Stock Exchange
until the 2nd of March, when the settling in Peel
River shares is also to take place.
Australian Agricultural shares rose to 225 ; and
South Australian Land to 62, closing 59 to 61. Late
in the afternoon, the shares of all associations con-
nected with Australia were very firm. Our list of
other miscellaneous business includes :-Oriental
Bank Corporation at 47 ; Provincial Bank of Ireland,
48; do. New (101. paid), 17; Union Bank of London,
171. East and West India Docks, 168 ; London
Docks, 1281; General Screw Steam Shipping (121.
paid), 12 ; Peninsular and Oriental Steam, 86, 87,
861; Royal Mail Steam, 821, 82. Ebro Canal shares
are quoted 11 to 13 prem. ' • Chiriqui Road, par to 1
prem.; Royal Swedish Itailway,l to I die.; Chartered
Bank of Asia, top dis.; London Bank of Australia
and India, 3 to 1 die.; French South Eastern Rail-
way, / die. to 1 prem.; Beziers and Graisseesac Rail-
way, par to 1 prem.
The quotations of stocks at Amsterdam on Wed-
nesday are thus reported by telegraphic express :
-Dutch Four per Cents., 95 7-16; ditto Two-and-
s-Half per Cents., 643. Spanish Deferred Three
per Cents., 22 15-16. Mexican New, 24 1-16. Por-
tuguese New, 38 13-16. The Spanish Committee's
Certificates, 4 13-16 per cent.: Spanish Old Three per
Cents. (English), 471. Austrian Five per Cent.
Metallics, 81 13-16. At Vienna on Wednesday the
Five per Cent. Metallics ruled at 93 15-16, and ex-
change on London at 10.51.
The traffic returns for the last week on tho under-
mentioned English lines of railway, as made up to
this day, are as follows :
1853. 1852. 1851.
London and North Western E 12,325 ..L40,683 ..L40,235
Lancashire and Yorkshire 17,038 .. 16,056 .. 13,540
London and South Western 9,127 .. 8.366 .. 7,961
London and Brighton
Great Western
Midland
South Eastern
York and North Midland
York, Newcastle. & Berwick 14,253 .. 13,548 .. 12,905
Shrewsbury and Chester 1,539 .. 1,454 .. 1,345
Great Northern 14,212 .. 11,491 .. 7,500
Chester and II dyhead
Shropshire Union 517 .. 470 487
Exeter and Crediton -
Bristol and Exeter
Manchester & South Junction 529 .. 487 .. 407
But Lancashire 4,373 .. 4,188 .. 3,417
Eastern Counties and Norfolk 14,395 .. 13,233 .. 12,360
East Anglian 736 622 .. 595
Leeds Northern 1,345 .. 966 806
South Yorkshire
Kendal and Windermere 125 .. 142 .. 141
Bolton, Blackburn, and
Clitheroe BOl .. 680 .. 558
Birkenhead, Lancashire, and
Cheshire
Manchester, Buxton, and
Matlock
Manchester, Sheffield, and
Lincolnshire
Oxford and Worcester
Stockton and Hartlepool -
South Devon
Shrewsbury and Birmingham 684 .. 599 .. 547
The aggregate results presented by these returns
(taking only the corresponding lines), are as follows :
Gross amount No. of Average receipt
received. miles open. per mile.

1853 £204,619 .... 4,5341 .... £4.5 2 6
1862 188,542 .... 4,3831 .... 43 0 3
18.51

These returns, like all that have been issued for
many months past, are very good.
The returns on Scotch lines are as under :
1853. 1852.

Glasgow and South Western £3,94 .... £3,439
Caledonian 8,9.58 .... 7,285
Edinburgh and Glasgow '
Scottish Central
Aberdeen
Scottish Midland Junction 635 .... 549

Total
The Irish returns are:

The tendency of the English stock market is still
strongly upwards. Console were first transacted at
99a for cash, and have since reached 100 for time.
The present quotation is 99; to ; both for money and
the 10th of March. The Three per Cents. Reduced
mark 1001 to ;:tho Three-and‘a-Quarter per Cents.,
103/ to ; India Stock, 266 to 269; Bank Stock,
227 to 228; Exchequer Bills, June 25,. to 3Ds.
prem.; ditto March, 15s. prem.; India Bonds, 455.
prem.
Foreign stocks are also rising, especially Spanish,
Mexican, Russian, and Dutch. Granada Doferred
Bonds are flat, and have been sold at 11. Mexican
Bonds mark 234 to 24 ; Portuguese Fours, 39 ;
Russian Fives, 121 to 1; Sardinian, 9;.• ; Spanish Old
Threes, 481 ; ditto Deferred, 231; the Committee's
Certificates, 4; per cent.; Dutch Fours, 98 I.

LATEST FOREIGN EXCIIANGEN.

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45 per Cents., 1832 le, SS .
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3 let Centn.New Loan{l
Eseoenee on London: etelent, 23 74 ; 2u day., 24 90.
3.,leian, perCt.lsiu Stoney Naplen Keats — gooey.
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Do. 0, 1832

PAnts, Fie. 17.—St. Germain, 1,610; Versailles (right
bask), ditto (aft bank), 319 ; Pans sal Oro ow, Dew,
1,037 30; Pans and Roues, 1007 30 ; osen and Harr...401. Marseilles
gad Avid • e (Construct., Strasbourg and Lrle, 361 40;
31orthern, OW • Dina and 'lra-b—; out& 322 30; Pan. nod Lynn;
9341; Lyons Ltd Medtterrasran, 763 ; Monterean and Troyes,
260; ,7 0; !Moons sad St. Dialer to Gray, 32',; Parts and
Clterbown, 620 ; Dijon and denineon, 332 30; Midi, ;din; Dieppe
sod, Pecutro. 330; Andretietts and Romans, —; Parts, and Snags,
140; Bordeaux sad late, 230 ; Central wire,