The Express.
London, England, 1851-09-15 00:00:00

The bullion market is weak, and the dealers

watching events. The confirmation of the Australian
gold findings is one event of the week, and another,
which will exercise eventually a great influence on
the bullion market, is the publication (in thely
News and Express) of the continental exchange prices
received by electric telegraph. This rapid transmission
of quotations will have a great tendency to equalise
prices in the different markets, and to diminish tem-
porary speculations. It is likewise to be expected
that it will result in the drawing of short bills on
places whereon it is now the practice to draw at three
months, as it will be wished to avoid the fluctua-
tions and contingencies when a comparatively curtain
transaction can be effected. As bullion can so easily
be commanded by the use of the telegraph, there
will be less necessity for keeping up local stocks,
and a greater disposition to accumulate in this
market, which is the place of receipt from all quar-
ters of the world.
The Australian news creates at present a feeling of
anxiety rather than any fixed impression of the de-
finite results to be obtained. In its beginning, how-
ever, the Ophir of Australia is more pregnant with
Treat expectations than the El Dorado of the west-
the discovery in the American or Feather Creek
indicated the productiveness of the basin of the
Sacramento, so does the discovery of gold in

[THREEPENCE.

Orange River most strongly suggest the like pro-
ductiveness in all the alltuents of the Murray, nor
arc there wanting rumours of further discovery going
beyond surmise. If this expectation be true, tho
Australian gold region will be as much beyond Cali-
fornia or any other gold region known, as California
is beyond the Attaiandistnet, the Ural, and Virginia.
Extending from the back of the Moreton Bay dis-
trict to the back of Victoria province, the heads of
the Murray cover an area of SOO miles front north to
south, by 200 from east to west, contituting a total
of 160,000 square miles, four or tive times the extent
of the Californian El Dorado. Roads give the coast
population access by a comparatively short route
to every part of the district, and stealing:, running
from Adelaide round to Moreton Bay connect every
port. As the Kanak of Hawaii is attracted to San
Francisco, so the Maori of New Zealand, and tho
Araforas of New Caledonia and the neighbouring
group will be drawn to Sydney, Newcastle, and
Moreton Bay. An intercourse already open with Can-
ton will bring Sydney into rivalry with San Fran-
cisco fur Chinese emigrants. Flour will not have to
be brought from the other end of the world, as from
Chile, nor provisions from Honolulu, while the ope-
ration on the Hour trade by Australia may give to
Tasmania a like benefit to that experienced by Chile.
The imports of bullion for the week have been
large, and include 831,333 dols. from New York by
the Africa; 105,000/. from New York by the Baltic;
390,0004 by the Dee (of which 45,261 dols. on ac-
count of the Mexican dividends, 1,491),231 dols. on
merchants' account, besides gold from California
value 154,274 dols.; from Panama, 285,244 dohs;
from Santa Martha, 15,214 dols.; from Grey Town,
1,271 dols.; from Carthagcna, 10,486 doll.; and
from St. Thomas, 4,70) dohi.); 3,549/. by the Teviot
from the Brazils; 2,000/. by the Hellespont front the
Cape, besides some gold dust ; 100/. by the Euxino
in gold front Constantinople. The total imports of
the week sum up about 620,0001., being larger than
for a long time past.
The City of Manchester, screw steamer, from Phi-
ladelphia, has 49,6001. on board.

The Sir Thomas Arbuthnot, from Sydney, is re-
ported on her way, with 4,1.00/. Australian gold,
being the first parcel.
The total amount of the precious metals exported
direct from London during the week ending Thurs-
day last we learn from official sources was us I'ol-
lows :—Gold coin : to Hamburg. 336 oz.; gold and
silver to Adelaide, 13,000 oz.—Silver coin : to Bel-
gium, 3,000 ox. ; to Boulogne, 600 oz. Silver bars:
to Boulogne, 2,170 oz.; to Belgium, 7,162 oz.; mak-
ing a total of 538 ounces of gold, 1:3,132 ounces of
silver, and 13,000 ounces of gold and silver together.
The total value cannot be stated very exactly, but
may be taken at between 30,0001. and 35,000/. This
is a smaller export than for many weeks past.
Besides these exports there have been from South-
ampton 6,0411)1. by the Madrid Peninsular and
Oriental steamer for the Peninsula ; 73,000/. by tho
Severn for the Brazils ; and 41.8001. by the Sultan
chiefly in bar silver and dollars for Bombay.
An analysis of the railway traffic returns of the
United Kingdom for the last week, published by
M•ropatlis Antrim!, shows the total receipts on
6,436 miles to be 335,162/. or at the rate of 521. per
mile per week. In the corresponding week of last
year the amount wan 291,333/. on 0,147 miles, or
471.55. per mile per week. There is thus an increase
of 43,6291., or 13.01 per cent. in the gross
amount received, an increase in the mileage of 309
miles, or 3.02 per cent., and an increase of 41. 15s. in
the amount received per mile per week.
'the Raibeay Times estimates the aggregate receipts
since the Ist July at 3,296,237/., on 0,160 miles,
or 5331. 7s. sid. per mile ; and as in the same period
of 1830 they were returned at 2,757,0 IV. on 5027
miles, or 4731. 2s. Hid. per mile, the difference is
shown to be in tlivour of the present year to the
. extent of 601. 4s. 6d. per mile.

EYQLIdiI YUNDB.—Tnis DAY.
Bank t!cock. Abut
Ao.ett!itivs,—

3 .Ant
3 per et fre0p5.,1..1,51
31 per et. Coir<l.. abut
Words for Acct..

rolusio:

riZt ::::::::::
Ditto lion 14.1,000/.,4&. 61.4ne
Excla....quur

41 per Ct.lkichm. 93 5
3 per Ct. lirmilloaso. 913
Do. Now. lA4i 90i
1 per CL ISWIM AM. al

C FUN DS.
3 per CL %Alma, 2i.1 I
6 per Ct. Permian, So
Ditto Deferred. 49 1
6 pot CL Porto-me,, ST 0
5 per Ct. Kn.-jail, 111 113
it pa' CL Jul/ 24
5 off Ct. steulkh, A
3 pLi CL SpAstieh. 964 it
Do. Pamave. 5
der Ct. Vooesuel3. 31
Do. Deforreg. 101 111
LtuL, 31 al.

MINES.

SATURDAY EVENING.