The Express.
London, England, 1851-11-18 00:00:00

3f
:I 61

Two o'Ctocx.
A very buoyant feeling prevails in every depart-
ment of the Stock Exchange to-day, a decidedly im-
proving tendency being manifested, owing chiefly
to the improved appearance of the money market, as
interpreted in theannouncement that the advance upon
stock during the. next shutting of the transfer books
will be made by the Bank at per cent. below the
late rate, or at 2! per cent. A probable reduction in
the minimum rate of discount of that establishment
is thus inferred, and the movements of the
influential moneyed class being in the same
direction, a decided stimulus has been given
to confidence. The government broker continues to
purchase Reduced Threes and Consuls, and the ten-
dency of the French Rentes is upward, both consi-
derations of a decidedly favourable bearing.
Consols opened at a rise of I on yesterday, being
called 981 to both for cash and the 11th of
December, and they have since improved another
eighth, to 98;1 to 99, which is the present rate,
whilst the improvement is equally distributed
over the other classes of the national debt.
The official business report of the day is as follows :
Three per Cent. Consols, 981, ; ditto for Account,
981, 1. Three per Cent. Retlueed, 971, 981. New
Three-and-a-Quarter per Cents., 991. Long An-
nuities, 1860, i ; ditto 30 years, 1860, 71.
The market for the floating debt remains firm, and
as few sellers offer, an upward tendency may probably
be developed, considering the present position and
prospects of the money market. Exchequer Bills
rule at 525. to 555. prem., and India Bonds at 58s.
to 61s. prem.
The foreign stock market sympathises with the
upward movement observable in the other depart-
ments of the house, and generally prices are more
firmly held, notwithstandimt" a rather scanty sprinkling
of transactions. Sardinian, Spanish, and Portuguese
have all shown an upward tende ney. Mexican Bonds are
supported at the rally of yesterday, but do not par-
ticipate in the improved feeling of the market, 241
being the last figure marked. The business prices
of the day are :—Dutch Two-and-a-Half per Cents.,
591, 59; ditto Fourr Cent. Certificates, 901, 1..
French Three per Cepent. Rentes, o7fr. 50c. ; ex-
change, 25fr. 15c. Mexican Five per Cents, 1,
1; ditto, for account, 28th Nov., 241. Portuguese
Four per Cents., 331, 34, 331. Sardinian Five per
Cents., 83, I. Spanish Active Five per Cents., 21 ;
ditto, for account, 201. Venezuela Three-and-a-
Quarter per Cents., 36.
The market for the Californian Gold Mining
Shares is rapidly rising, and a general advance .in
quotations has taken place, opinions being more
favourable for these shares. Present prices arc :
Ave Maria, 1 to 1, prem.; Ague Fria, 11 to 1 prem. ;
Nouveau Monde, .1 to prem. •, West Mariposa, to
prem.; Golden Mountain of Mariposa, I to 1 prem.
Specie to the amount of nearly 200.0001. has just
reached Liverpool by the Niagara, from New York,
as advised in a Second Edition of the Daily Yews.
The exchanges at New York kept up, so that fluffier
supplies may be looked for from this quarter.
The committee of Buenos Ayres bondholders have
received a communication from Mr. Southern, her
Majesty's Minister Plenipotentiary to the Argentine
Federation, in which he expresses his acknowledg-
ments for the vote of thanks passed to him at the
meeting held on the 22nd of May last. His Excel-
lency adds:

The bondholders may rely that I shall not let any oppor-
tunity pass unimproved, and that I shall continue to use
every exertion to bring about a favourable consideration of
their most just claims on the part of this government, which,
I have great satisfaction in stating, appears animated by the
best desire to come to a satisfactory arrangement as soon as
circumstances will permit it to do so.

The co-operation of her 31ajesty's Minister is, of
course, a point of great importance to the bond-
holders, but up to the present time, unfortunately, it
appears to have attained but small results of a 'acne-
iieml character. The bondholders cannot help feel-
ing that, notwithstanding the assurance of the go-
vernment being "animated by the best desire to
,come to a satisfactory arrangement," the post-
ponement of any settlement of their just
claims till " circumstances will permit it to

do so," is shout equivalent to deferring it
till the Greek Kalends, and consequently most of the
English creditors would rather view with satisfaction
the downfall of the dictator ROBO.B, who, whilst pro-
fuse of specious assurances, has shown himself as in-
sensible to the calls of justice as the much reprobated
Spanish government itself.
We learn, with great regret, that Mr. J. Shewell,
one of the oldest and most respected memb:rs of the
Stock Exchange, died, in an awfully sudden manner,
this morning.
The receipts of the London and Brighton Rail-
way for the week ending the lath inst., show a de-
crease of SOL as compared with those forithe cor-
responding week of last year, the amount being
9,129/., against 9,203/. in 1830. The South-Eastern
receipts for the same week, on the other hand present
an increase of 1,7011. being 12,023/. against 10,3191.
last year.
The committee of the Stock Exchange were occu-
pied yesterday, we believe, in considering the arrange-
ments to be adopted with the Submarine Telegraph
Company, but no definite agreement has yet been
made.

There is a further decline in the price of sove-
reigns at Paris, which have now dropped to 25f. 12c.,
or 5 centimes lower. Spanish dollars have risen to
sf. 45e., which is 3 centimes higher. Bar silver and
Mexican dollars are MS before.

The following statement, prepared and condensed
from various official returns, will be found to present
an intelligible view of the note circulation of the
United Kingdom, and of the coin and bullion held by
the banks indicated, both positively at the dates of
the amounts last made up, and comparatively with
returns for corresponding periods :
The subjoined table gives the aggregate weekly
average of the note circulation of the United King-
dom as it stood for the fbur weeks ending the 11th,
18th, and 25th of October, and the Ist instant,
being the latest date to which the returns have been
collectively completed for all the banks of issue; and
also the results as compared with the returns for the
previous four weeks ending the 4th of October:

Oct 4, NOT.
1631. I 1431. 1 'name' Ik'criase•
f iL X
19,174.411 20,3,3,446. 1,149,233
3,3 M$ 3,391/3951 171,536
2,665,039 2,366,4191 173,590
37,1146,329 26,312,490 1,926,161
/1614.93 3,3.3,6/31 147,410
4,213,903 4,712.11118 496,9.4
--
32,369237 34,933,61/ 2,270.573

Private banks
Joint stack banks

latal In England
Beetlazul
Ireland

Cralwd niplam

Rank of F.nelond
Priv:Ate to 11114
Jointut.ek books

Total In England
alectlort

Unit@ d lOlll6lO