The Express.
London, England, 1851-09-13 00:00:00

Very little business has offered in the English
stock market to-day, and that only in Consols, most
of 'the other stocks being now shut for the di-
vitend. Cash sales of Consols have again been offered,
and have caused a further decline to 951 to 96,
but the market has since rallied k, and now stands
at the reduction of 1 established at the close of business
yesterday, the present range being 96 to 1 for cash,
and 961 to for the 14th October. It is
possible that the settlement in railway shares
and foreign stocks now coming on may have
had some influence in bringing forward sellers
on a weak market, but for several days past
disquieting rumours as to the condition of particular
houses have been propagated, and the proceedings of
the discount houses and banking establishments are
watched with much attention. To-day's business
prices are: Three per Cent. Consols, 961, 954;
ditto for account, 961; New Three-and-a-Quarter
per Cents. (shut), 98/.
Exchequer Bills support their late quotation of
455. to 48a. prem., with only a quiet business doing.
India Bonds are nominally unaltered.
The foreign stock market has attracted a fair
average number of transactions for a Saturday, the
approaching settlement of the fortnight's account,
which is fixed for Tuesday, exercising some in-
fluence. Generally, ;the transactions of the as-
count have been very light, but in Mexican
Bonds the settling will prove heavy, the fluc-
tuation in the value of this stock having been
so considerable. Further sales of Equador Bonds
have offered this morning, on account, it is believed,
of sonic of the speculators in Mexican bonds,' cer-
tain of whom arc understood to have been rather
extensively touched. The attempts which were so
perseveringly, made some months past to bolster up
the market for this stock, by blinding the bond-
holders as to the actual position and prospects of the
republic, have at length been pretty well exposed, and
the results which were naturally to be expected have
followed. That Mexico may speedily acquire a
strong, faithful, and honest administration, is sin-
cerely to be wished, as beneficial equally to the
interests of commerce and her English creditors, but
all attempts at misrepresentation should be con-
sistently exposed.
The following are to-day's sales:—Belgian Four-
and•a-Half per Cents., 941 ; Brazilian New Five per
Cents., 1829, and '39, 88; Danish Five per Cents.,
1021. Dutch Two-and-Half per Cents., 59; ditto
Four per Cent. Certificates, 921 ; Equador Bonds,
; Peruvian Five per Cents., 1149, 90/, 1.
Portuguese Four per Cents., 321. Sardinian Five
per Cents., 821; ditto Scrip, 21, dis. Spanish
Three per Cents., 371, 364.
The gold news from Australia received at the Je-
rusalem Coffee-house was the prominent topic of con-
versation. There can now be no doubt that gold has
been largely found in one creek in Bathurst county,
and it will become anxious speculation whether the
whole of the affluents of tho Murray do not afford
the same resources. Adventure will take a new
direction, and instead of branches of the Murray
being sought for water and pasture, they will be
anxiously explored fur gold deposits. Thus there
can be no doubt the whole of the western flank of
the great mountain range which marks the
eastern side of the Australian continent will
be explored, and if gold should be found generally,
Australia will surpass California as much as the vast
basin of the Murray surpasses that of the San Fran-
cisco river, and Adelaide will as a port surpass the
rising metropolis of the western shores of the Pacific.
What will be the effect on industry in Australia it
is difficult to forctel. The general opinion of mer-
chants here is unfavourable. They believe that the
wages of labour will be enhanced, and the great
wool and tallow trades of Australia fail in the midst
of their sudden development. No one doubts that
a large population will be drawn to the south-east of
Australia. We are inclined to augur favourably on
this ground. If it does no more for Australia, this
will be much, because at the present moment the
attractions of California are drawing emigrants from
Sydney and all the Australian ports, while with a
great influx of populatian into New South Wales,
the majority of the new arrivals after a short spell
at the gold diggings will be glad enough to take
refuge from Such severe toil in the more settled
employments of the grazing districts.
The market for foreign exchanges exhibited again
an upward tendency, and bills on France and Hol-
land in particular were negotiated at somewhat
higher quotations. Short l'aris was drawn at
25.121 to 15; ditto, three months, at 25.271 to 321.
Amsterdam was again very difficult of sale, and
buyers insisted on higher rates, which were granted
by sellers, and the exchange touched in some in-
stances 12 florins, or par. Hamburg was at first in
demand, and several negotiations took p'ace at 13.9,
but in consequence of paper preponderating, it left
off 13.91 to U. There was little money for bills on
Italy, and the quotations are a shade higher. Spain
remained unaltered, but rather in demand, particu-
larly Madrid, which ruled as high as 491 to 30.
Portugal was likewise iu favour of sellers, there
being some request for Lisbon. Vienna was a little
lower ; it was done at 11.50 to 34, and Trieste at
11.52 to N. The following arc the rates negotiated.
Time. Prices Desullattd.
Prom To
115. Moto.
ISpov. Il.loto.
1211. U rtir.
13„ ,es. 9 mbl. JUnci. 904.
1190 Okr.
SOor. LIR Him
115. Stkr. 365 r.
251 r. 2.5 fr. aye.
2Ur. II 2Sfr. lie.
!T e.

Ardsterd.un
Ditto 3 311..ntl

kotA-rduas
11,:9wg and ARr r .
••

Vienna ... „ —ill
?mete
Antwerp
Paris Short
re
l!itto „ 3 Montt

re 3.50. Seer. ... ate. 3-54.
Grime .—..—.— w 231 r. 421ete. „. 25. r. 475etn
Le,hora
Niedics ...... per Lou „ 4111 pence 41j pence
r ounce „ 1221 pence ... 122, pence
Molnd leer 49e pence ... SO pence
„ „ Sol pence ... 551 pence
„ „ 491 pence ... 421 pence
Lis3,lll --per Hirai„ pence .. Ss 3-16 pence
t port° .
Pear ori. per ;Lee 271 Pence ... 37 3-16 pence
The bullion market remains nominally at former
quotations, but at these prices sales of silver cannot
be effected, the market being decidedly flat. Indeed
a few of the dollars by the Baltic have already been
disposed of at 4s. 104 d., being a decline of 4d. The
silver by the West India steamer, Dee, which con-
sists chiefly of dollars, is not deliverable till Nlon-
day, on which day it is expected the price will be
fixed.
The account of the position of the Bank of Eng-
land for the week ending Saturday, the 6th of Sep-
tember, published pursuant to the Act 7 and 8 Vict.,
c. 32, is as follows :
BA N 01' WI (ILAN 11.—AC071711e roe the woes 076126 Sept. 6,1861.
Nees IlEtalitl•
Note+ kinceeil 07,707,661 I

Govenenret };11.011.10•
Other vecurltbs 1.941.:A6
00W C.lnt %ad Balm 13,674.190
*lvor &WWI, 33.376

truror.ass I
DADEVii. Di
at
Proprietors' Caul II . Lt 3.
6889
3.6b3,937
Public L
Iflcobaq,
COIDA,iii. of b
.1 I ,T. Alcubi 8,003,413
1.11b,c D nits
1,1fd,309

gesurttles
W WeAgbt
513.464.216
13.193.878
8.344.19.0.

Otherifsearitlin
sole
Aal,.laat4 Alm Cola

Sapi. 11. tell.

M. MARSEIALI ChiefC.M laMuor.

The above returns, when compared with those for
the week preceding, exhibit the following changes:
Circulation issue £27,707,565 Decrease £55,869
Circulation active 19,363,375 Decrease 363,120
Public deposits 8,093,413 Increase 485,448
Other deposits
Government securities in;
banking department
Other securities in banking
department
Coin and bullion in both
departments
Seven day and other bills 1,228,309 Decrease 20,630
The Beet
The Reserve 8,927,016 Increase 281,067
The return under review shows a trifling fluctua-
tion in the stook of bullion, which ban declined