The Express.
London, England, 1851-12-29 00:00:00

MUNE Y MARKET.
THIS DAY.
Two o'CLocw.

The holiday season still has an influence upon
business in the Stock Exchange, by materially re-
stricting operations, but notwithstanding the
absence of movement, the prevalent feeling is one
of great buoyancy. In the home funds, especially,
very little has bean done this Earning, but prices
were at one time marked at a rise of t, and are still
maintained tin advance of Saturday?s figures, with
a disposition to further improvement. The railway
department attracts the largest share of movement,
the closing of the account being in progress.
Consols opened at a further improvement of 4 since
Saturday, being first called 9,1 to ex dtv. for
the 16th of January, and after reaching 97a,
they are now quoted at the first price of
the morning, which shows a rise of per cent., as
compared. with the range of last Monday. To-mor-
row the investments of the government broker in
Reduced Threes will be resumed. The official busi-
ness report is as follows:—Three per Cent. Consols,
for Account, 97, 1, Three per Cent. Reduced,
98, 1; New Three-and-a-Quarter per Cents., 99, k.
No other stock has been touched.

In the unfunded securirity market the tendency
is still upward, though prices are scarcely fixed this
morniffg. Exchequer bills have been dealt in at 535.
to 555. prem., but a bargain has been concluded in
the smaller class of bills at as high a flgtwe as 575.
prem. In India bonds nothing has been done.
By the America steamer, just arrived at Liverpool
from New York, we have a further import of specie
to the large amount of 233,0001. sterling.
The appearance of the Foreign Stock Market is
good. the settling being in progress. Mexican Bonds
have risen to 27. i, for the new account; and Spanish,
Dutch, Russian, and Sardinian, all show an upward
tendency. Sardinian Five per Cent. Bonds have
at length, after their long depression, been trans-
acted a trifle above the issuing price, being to-
day marked 851. Sales are recorded in the
following stocks :—Brazilian Old Five per Cents., 95.
Danish Three per Cents., 1825, 781. Dutch Two-and-
a-Half per Cents., 60, ; ditto Four per Cent. Cer-
tificates, 90, French Five per Cent. Rentes, 100 f.
02,c.; (exchange, 23f. 25e.). Mexican Bonds, 271 ;
ditto for account, 15th Jan., 27,1, 4. Portuguese Four
per Cents., 33. Russian Four-and-a-Half per Cents.,
1021. Sardinian Five per Cent. Bonds, 85, 4, 841.
Spanish Active Five per Cents., 2114 ; ditto Passive,
51; ditto' Old Three per Cents., 411, 1.
The market for the gold mining shares is quiet at
Saturday's rates, with little business doing.
We are advised from Paris of a rise of 5 centimes
in the rates of exchange on London, which is now
quoted 25fr. 20c. for short.

SATURDAY EVENING.
We have no change to report yet in the discount
market, but a state of circumstances has been reached
which makes a reduction probable. The high price
of the unfunded securities is a very good indication
of the abundance of capital in the market, when a
year's interest is given as a premium for the posses-
sion of a security bearing such a low rate. On the
comparative stock of bullion in the Bank of England
we have before commented. A significant indica-
tion of the influence exercised on the Bank directors
is shown by the fact that they have found it neces-
sary to reduce, during the remainder of the clue
period, the terms on which advances on stocks are
made from 2to 2 per cent. This is fairly looked
upon as an augury that a reduction in the rate of
discount will soon follow, and which will of course be
met by a corresponding step on the part of the private
dealers. The Bank had already felt the urgency of
such a measure, upon the near approach of the dull
season, and the occurrence of the French coup dwa
gave them a plea for delaying a step which is always
relactantly taken. The arrivals of bullion have, how-
ever, been beyond expectation, because it was thought
the imports of cotton would have the effect of coun-
teracting specie payments from the United States,
while .the accounts from the ;mineral regions hold
forth promise of an uninterrupted supply of golden
treasure.
The demands on the market for the prosecution of
railway enterprise continuo extremely small. For
the month of January the total amount of railway
calls is only 191,8171., against 746,3131. in January,
1851, and 1,830,8181. in the same mouth of mao.
The account in detail is as follows :

Doa ra JAW, 1652.
Derbrehire Stafford-hire,
spa Wor'oesterehtre lO 1y 10 0 11,500 11,500
Dublin and Drogheda,
New 231 Pref. 1 5 6 0 0 2,000 10,000
Eastern Uoklll, CAM A
(10,601 to 14,400)..' 6 6 210 0 3,600 1,000
Glotemeter sad Dean
Vomit 21 20 310 0 10,160 13,400
Leeds !scriber., Fifth
(Ind Issue) 6 5 10 0 13,375 13,345
Nottbernand Partin, 501. 12 43 70 0 6,1:8 43,092
Vale of Neath
Waterford and Kilkenny,
New 31. Post 1 24 010 0 40,000 2,000
Whitehaven Junction,
Prot 71. 1 2 210 0 1,000 2,300

Total
Note. The above amount to irrespective of the 5e11... DM Jan.)
of 10 per cent. upon en mush of the Oreat Western Company's Gua-
rantee 49 per cent. Stock se may be lamed.
Quotations of bullion this week remain unaltered.
Present rates are thus reported by Meson. Sharps
and Wilkins : Bar gold, 31. 17s. 9d. per oz. standard
Spanish doubloons, 31. 18s. 9d. per oz. ; Columbian
doubloons, 31. 18s. 6d. per oz. ; American gold
eagles, 3!. 16s. 2ld. per oz. ; bar silver, without gold,
ss. Old. per oz. ; ditto containing gold (all gold above
S gm. in the lb. to be paid for), 35.01 d. per oz.; Mex-
ican South American dollars, 4s. Illd. per oz.
The imports of specie this week include 1,291,538
dole., or 266,0001. by the Avon, (of which, specie and
bullion from the South American ports made up
175,443 dole. gold, and 571,538 dohs. silver; old
from California 335,073 dots. ; from Greytown, tar-
thagens, and Santa Martha, 143,890 dole.; from
other ports of the West Indies, 65,792 dole. 100!. by
the Peninsular and Oriental steamer, Bentinck ; and
550,190 dote., chiefly in American gold, by the Hum-
boldt, from New York, of which, however, only
103,000 dots. were for England. The total of these
imports may be stated at nearly 290,0001.
The amount of the precious metals exported from
the port of London, as officially recorded, during the
week ending Thursday last, was as follows: silver
coin, to Hamburg, 6,400 oz.; to Rotterdam, 213,000
oz.; to Boulogne, 4,000 oz. Silver ban: to Rotter-
dam, 8,000 oz.; to Belgium, 20,000 oz. Gold coin :
to Havre, 187 oz. •to Rotterdam, 130 on. This
gives a total of 251,400 ounces of silver, and 317
ounces of gold, of the aggregate value of about
64,0001. We have no account of any exports from
the outports.
An analysis of the railway traffic returns of the
United Kingdom for the last week, published by
Herapatlt's Journal, shows the total receipts on 6,417
miles to be 256,779/., or at the rate of 401. per mile per
week. For the corresponding week of last year, the
amount was 244,1071. on 6,227 miles, or 391. per
mile per week. There is thus an increase in the aggre-
gate receipts of 12,6721., or 5.12 per cent., en
increase in the mileage of 190 miles, or 3.06 per cent,
and an increase of 11. in the amount received
per mile per week. The Railway Times estimates
the total receipts since the let Jan. at 7,488,6481.,
which, on 6,238 miles, gives en average of
1,2001. 9s. 90. per mile ; and as the amount in the
same period of 1830 was only 6,303,4461. or
1,0961. 14s. Oid. per mile, the difference is shown to
remain in favour of the present year to the extent
of 1031. his. 80. per milo.
NNULIeII DUN Ml.—Tills DAT.
Beak Stock. 21618 Long Alumni*, abet
3 per Ct. !Sedum:4.9Bi India etoek. shut
3 per Ct. Condole. dna Limo 110ce15,1.1.e01.. Oa 84e.
Fachequer Owl Us. Me
g=l4ll.o:rocti'Glit. 4284 97i 9•
YVIIIGON FUND&
9 per CL Belgian. 92 4 36
Co.et trlntet:it. 3;1
Dr Ct. ltrartllan. 94
o. Now. 93 6 Onto Deferred. 469 79
per Ct. Horses .kyrea, 49.3 6 per CL Porrugee.r.
per Ct. Clutiao, SO 101 5 pw CL Ilmalen, 111 14
per Ct. Chlllan, el 4 49 per Ct. Renew 101 3
ism Ct. Dania,. 76 8 6 per CL Spanish, Ammo. 919 i
9 per EL Dutch, 69 80 3 pa CL Itgeolsb. 413
per CL Datelt. 898 998 vo. Paean. 6
greladcr. 3 9 19 rot. Vensisueb, 35
I per OL atimada.4 111 . Wand. 11 LI
iisr&olsa 9 3R . 64 10 80.