The Express.
London, England, 1851-02-19 00:00:00

measures for the year is also a subject
of doubt, as it cannot be supposed that the plans of
the Chancellor of the Exchequer will be met with
less than a vigorous opposition from many quarters,
if we take into consideration the notes of
.prepara-
tion which are sounding among the various and
powerful interests who feel themselves aggrieved by
Sir Charles Wood's scheme.

Consols opened rather unsteady, but have been
stationary during the day, at their present quotation,
96,1 to 1 for money, and 961 to for the 11th March,
being a decline of n as compared with the closing
rate of yesterday's market. The official list of busi-
ness is restricted to:—Three per Cent. Consols,
961, I; do. for account, 961; Reduced Three per
Cents., 97, 943 Z. ; New Three-and-a-Quarter per Cents.,

981,
The market for the unfunded securities is rather
steadier. Exchequer Bills of 1,0001. mark s2s. and
495. prem.; ditto 6001. and Small, 525. prem.; Indian
Bonds, under 1,0001., 635. prem.
In the foreign stock market some degree of weak-
ness is to be noticed in the more speculative descrip-
tions, and Mexican and Peruvian have both ex-
lwrienced a decline, the Four-and-a-Half per Cent.
lkaids of the latter debt having fallen to ‘9l. The
business of the day is limited, and comprises : Bra-
zilian Old Five per Cent. small Bonds, 93. Dutch
Two-and-a-Half per Cents, 381,1 ; ditto Four per
Cent. Certificates, 9li. Five per Cent. French
Rentes, 96fr. 75e.; exchange, 25fr. Mexican Bonds,
33; ditto for account, 321, 33. Peruvian Four-
and-a-Half per Cents., 160, for account, 801,
int. Russian Four-and-a-Half per Cents., 97Z, h
ditto small, 9;1. Spanish Active Five per Cents.,
for account, 191, 3 ; ditto Passive Bonds, 41; ditto
Three per Cents., 371; ditto for account, 37/.

Notice has been issued from the Paymaster-
General's Office, that the Exchequer Bills dated in
the month of March, 1850, with the interest due.
will be paid off on the 13th of March next, such
bills being receivable till the 6th of March. The
new hills, bearing 11d. per cent. per day interest,
will be issued on the 14th of March. All Exchequer
Bills dated prior to March, 1850, have been pre-
viously advertised to be paid off.
Very little business has been done in the shares of
the various joint stock banks this week, though per-
sons are not wanting who consider that the prospects
now held out of an increase in the profits of joint
stock banking enterprise arising front the augmented
land (as they consider) augmenting value of money,
' may naturally be expected to result in a better de-
mand for shares in these undertakings, and a corres-
ponding enhancement of price. The entire sales of
the week past are limited to: Bank of Australasia
(40/. paid), 321; British North American (50/. paid),
421; London Joint Stock (10/. paid), 171; Loudon
and Westminster (20/. paid), 271.
In dock shares the dealings have been moderate,
at the undermentioned rates, viz.:—Commercial, N 4 ;
East and West India, 142 to 112; London, 110.1 to
1114 ; St. Katharine's 723 ; Southampton (501.
paid), 9i.
The foreign exchanges were generally a little
higher yesterday, and the rate on Fmneewasileeidedlv
looking up. Paris was offered at 25, with a dull
market. The exchanges on Italy were likewise a
little flatter and consequently done a shade higher.
Amsterdam was in great demand at the beginning of
'Change, and done at 11.161, but towards the close of
business, sellers preponderated, and the quotation
was 161 to 17. Hamburg was more inquired after at
the end of 'Change and found takers at 13.61. Vienna

and Trieste were"oflbred in several quarter; without
being negotiated, as buyers wanted higher rates.
Bills on Constantinople, a rare article, were offered
by a banking firm at 115; the bid of ers did not
go beyond 1161, consequently no transaction could
be effected. . _

Cadiz was a trifle higher ; other places remained
without any alteration from last posts' rates.
Our attention has been called to a new circum-
stance in steam navigation, the adoption of a con
tract for supplying the Cape steamers with artificial
fuel. The government have given the mail contract
to the General Screw Steam Navigation Company,
and this company has determined on supplying its
depots on the west coast of Africa, St. Helena, and
the Cape, with artificial fuel. This, which is not a
new article, is manufactured by the Patent Fuel
Company under Warlich's patent, and has been suc-
cessfully tested for steam navigation on several occa-
sions. It is very evident that this year will be a
great one in the annals of steam navigation. The
extended use of the screw and of auxiliary
steam power, the establishment of an excur-
sion line between Philadelphia and London at
sixty dollars for return tickets, the formation of
the Eastern Steam Navigation Company, and the
running of larger and more economical steamers to
the Channel ports, mark an era in this mode of
transit ; and as more economical terms will be offered
to the public by the companies, so more economical
arrangements must be adopted by them. This, we
presume, is the reason why the Screw Company have
adopted Warlich's fuel. This composition, we find,
is now coming into extensive use,
_and large works
for its manufacture are established at Swansea for
the Welch coalfield, at Middlesborough fur the great
northern coalfield, and at Deptford for the metropo-
litau districts. The company have likewise depots
in many places abroad.
The following are the last quotations of exchanges
at foreign places on London, by which it will be seen
that no material variations have occurred.
Previous Latest
Quotations. Quotations.
Berlin
Buenos Ayres
Cephalonia
Frankfurt 1117121 117
9 1 1
Galata
Leghorn 3O 29.76
Matanzas
Mauritius
Milan 291.05 291.
Mobile
26fr

Paris
St. Petersburgh 37p. MC 371 d. 381.
Savannah
Trieste
After several indications of an upward tendency
in the exchange at Paris on London, it has reached
25f. for short paper, and 24f. 821 c. for three months.
The rates on Frankfort and Milan are. higher, on
other places steady. The price of sovereigns has not
yet altered, and bullion is quoted as before.
Frankfort advicca of the lath give the last quota-
tions of that market as follows : Austrian Five per
Cent. Metallics, 75 to ; ditto, Four-and-a-Half per
Cent., 65 7-16 to 11-16; ditto, Four per Cent, 59 to
5; ditto, Three per Cent., 431 to 4f ; ditto, Two-and-
a-Half per Cent, 403. Bank Shares, 1,121 to 1,126
ex ills., Dutch Two-and-a-Half per Cent. Integrals,
571 to 4. Spanish Three per Cent., Home Debt, 33
to t. Sardinian Five per Cent., 831 to I. Tuscan
Five per Ceuta., 881 to 895.
At Berlin, on the 15th, prices were firm at the
following quotations : Prussian Five per Cent.
Voluntary Loan, 1061; ditto, Four-and-a-Half per
Cent., 100 to # ; ditto, Three-and-a-Half per Cent.
Treasury Bills, 841 to 835. Russian Five per Cent.
(Rothschild), 110 to 5; ditto, Four-and-a-Half per
Cent. (English), 965 to
Advises from Trieste, of the Bth, report that money
is rather easier, the rates of discount being lower,
and standing at 44 to 44.