The Express.
London, England, 1853-11-08 00:00:00

TALLOW MARKET.-THIS DAY.

The tailow market is decidedly firm at the annexed quo-
tations, via.: Town Tallow, 66e. 6d. ' • Petersburg Y.C. on
the spot, 54e. 6d. ; Oct. to Dec., 66t. 3d.; Jan. to March,
665. 3d.

BOROUGH HOP MARKET.-THIS DAY.
Mew re. Pattenden and Smith report that the old hop
duty waa yesterday officially declared at 152,6771. Os. 414.,
end is divided as follows:

ita;elie;iar -----
161,084 13 10
Canterbury
Sussex
Wordstar 11,261 6 1
Fatalism
Kingdom

£162,677 0 44
The market continues Arm for all line hope, which are very
scarce, and likely to advance in price.
SMITHFIELD HAY MARKET.-THIS DAY.
Dlr. E J. Davis reports the supply large and trade dull.
Prime meadow bay, 20s. to 110 e. ; inferior, ditto, 60s.
to 70s. ; rowen, 46e. to 80s.; clover, 90s. to 1264.; second
cut, 70s. to 110 e.; straw, 36a. to 40s.

noon seems to be mainly due to a renewal of specula-
tive sales, based upon the lower rate of " backwards-
tioo," upon the progress of the war in Wallachia,
which many parties think will be the signal for
revolutionary movements in several parts of Europe,
and upon the higher range of prices, which are re-
garded as presenting a wider margin for
a fall. The position of the stock markets
at present, each day leading to the mani-
&dation of a decided upward tendency in face of
the outbreak of a war in which none of the leading
Powers of Europe can be uninterested, continues to
be regarded with much attention both by the public
and by speculators. By the former, as well as by
parties in the country and abroad, surprise is ex-
pressed at the insensibility of the market to influences
width ordinarily have a marked effect. It must be
repeated that the present phase of the market is
mainly attributable to speculation. An extensive
speculation for the fall has for a long time put been
going on, and Consols have been gradually driven
down from 981 to 901. The public continuing to
buy, however, and stock becoming extraordinarily
scarce, buyers have at length obtained the upper
band of speculative sellers, who, coming in them-
selves u eager purchasers, have assisted the natural
tendency towards reaction.
Consols opened 911 to 95 for Thursday's account
(being the closing range of Saturday), rose to 951 to'
3, thence relapsed to 951, and were last officially
quoted 931 to 1 for money. and the 10th inaL After,
three o'clock the quotation ruled at 95 to for
Thursday, and 95, " rather sellers," for the 6th De-1
umber. The final tone of the market did not seem
strong. The highest rate of " backwardstion" to
the December account to-day has been 3-16 to 1, and
the closing rate little more than one-sixteenth per
sent. It must be remembered that on the settlement
of the December account Consols will be quoted with
the half-year's dividend off, which will make the
price apparently 11 per cent. lower. Annexed is
the official report of business in this department:
—Three per Cent. Consols, for money, 951, 93,
953,1, 1; ditto, for account, 95, 953, I, /. Three
per Cent. Reduced, 94, 943,1. Three-and-a-Quarter
per Cents., 951, 963, 1,1, 1. Long Annuities,
1860, 5 3-16, 53 5 5-16. Bank Stock, 217, 215.
Exchequer Bills remain steady, at 2s. to ss. pr em.
India Bonds may be quoted par to 3s. prem.
Business in the foreign stock market was quiet,
but prices were well supported, except for Mexican,
which was slightly weaker. Peruvian and Russian
Five per Cents. showed an improving tendency.
Spanish was also better in the morning, bat closed
at Saturday's rata. Buenos Ayrean exhibits an im-
provement :—At 4 o'clock Mexican Bonds were
quoted 251 to 261. Spanish Deferred, 213 to 1;
the Certifs., sto 51 per cent. Peruvian Three per
Cents., 50 to 52; ditto Four-and-a-Half per Cents.,
721 to 731. Granada Deferred, 71 to 81 ; Granada
Active, 19 to 2L Russian Five per Cents., 113 to
115; ditto Four-and-a-Half per Cents., 97 to
99. The following are the day's sales :
Buenos Ayres Six per Cent. Bonds, 59. Dutch Two-
and-a-Half per Cents., 63. Mexican Three per Cents.,
261, 26. Peruvian Four-and-a-Half per Cents., 73,
721; ditto Three per Cents., 511. Russian Five per
Cents., 113; ditto, Four-and-a-Half per Cents., 99.
Sardinian Five per Cents. 93,1. Spanish Old Three
per Cents., 45; the Cents.,
Certificates, 53,
63, 53 per cent.
The American Lass, which left Sydney on the Ist
July, has arrived; but she has only 600 ounces of
gold on freight, valued at 2,400/.
As we anticipated from the aspect of the market for
exchanges at the date of the sailing of the last packet
Erne New York, the Canada brings over a much
soaller quantity of specie than has been received by
late packets, being only 275,110 dela The Hum-
boldt, it appears, also brings in 267,000 dole. for
London (besides 403,000 dole. for the Continent); so
that the aggregate receipts from New York repre-
sent a total of 512,000 dole., or about 108,4001.
sterling.
The larger portion of the silver brought in last
week by the Magdalena, from the West Indies and
Mexico, was sold to-day at a rise of 3d. per ounce
for bar silver, and of no less than ld. per ounce for
dollars. The demand is still chiefly for China and
India. The letters from China refer to the pre-
valent disposition of the natives to bury the silver
received for their produce, with a view to ensuring
its safety, during the prevalence of civil war. The
price of silver is now higher than for many years
r oteiro.Present quotations are thus reported by
Sharps and Wilkins:—Bar gold, 775. 9d.
pet ounce standard ; Spanish doubloons, 78s. 6d. per
ounce; Columbian ditto, 775. per ounce; bar silver,
ss. 21d. per ounce standard; Mexican and South
American dollars, ss. ld. per ounce.
Letters from Paris state that a grand council of
ministers was held on Saturday to discuss the ques-
tion of reducing the duties on iron. It was under-
stood a decision had been adopted to considerably
modify, and in some instances entirely. abolish, the
present high rates of import duty on iron. It was
thought tne rate of duty will be so far altered as to
bring it to the rate current during the reign of
Napoleon 1., which was equal to only about one-fifth
of the present scale. A decree to this effect was
daily expected to be published in the Moniteur.
The main object of this decision, which is of great
importance to the British iron interest, is probably to
facilitate the construction of railways in France.
The intentions of the French government having,
as usual, become known to favoured parties,
large purchases of iron rails have been made in Eng-
land on French account.
The corn market opened very quietly this morn-
ing, under the combined influence of an almost com-
plete cessation of speculative purchases, the improve-
ment in the weather, rather large arrivals from
abroad, and the expectation that farmers are likely
shortly to bring forward liberal supplies. Although
the supply. of English wheat was in a very bad con-
dition, owing chiefly to the dampness of the atmos-
phere, buyers could not be found even for good
qualities at the prices current last week ; and holders
anxious to sell were compelled to accept a decline of
le. to 2s. per qr. Most of the importers, however,
refused to sell, and for floating cargoes, of which the
arrivals have almost ceased, the rates of last week
were asked. Under these circumstances only ono
reportedounflohonatuesingoneaFr
maintainOccas ipornioealorr-
Large quantities of rice are at present being pur-
tteaandbotold.
chased at Liverpool and elsewhere on French
cargo
hes account

account.
Hamburg letters of the 4th mention that money •
wasier, eabier, at 4; per cent., causing a rise of schil
'
ling in the exchange on London. The produce
market remained dull, and funds and shares were

MONDAY Evaluate.
Business in home mining stocks to-day has been
moderately active. Some descriptions arc flat, but
many of the lower-priced stocks, which have been
largely purchased of late on Cornish orders, cannot
be procured, unless at enhanced rates. The Ithym-
ney Iron Company's shares were again quoted 1!.
higher. South Caradon have been done at 285;
Alfred Console, 25 1; Great Wheal Alfred, :12,33 ;
Wheal Mary Ann, 431 ; Eaglebrook, 93 ; Boscean,
13.5, 140 ; West Wheal Jane, 21s. ; Bronfloyd, 4s.
The transactions in gold mining shares were
scanty, but the preferable descriptions remain steady.
Ave Maria shares were flatter. Grand Duchy of
Baden shares have been dealt in at 1 dis. ; Liberty,
at 1, die.; and Waller, at 1 dia. At 4 o'clock Colonial
Gold were quoted 4 to 4 prem. ; l'ort Phillip,
7-16 to 5.16 die.; Nouveau Monde, 1: to 4 prem.;
Agus Fria, / to 4 prom.
The St. John del Rey shares were in increased
demand, at a rise of 11., owing to the receipt of
favourable advice'. There was also considerable
inquiry for the shares of the oid Australian Copper
Company, which closed at a decided advance. In
the shares of the Imperial Brazilian Company, on
the other hand, a tendency towards a reaction was
observable after the late marked advance. West
Indian descriptions remain flat. Metcalfe Copper
shares were again weaker, and closed only 1 to
prem.
The nominal closing prices of new undertakings are
as follows :—Mizen Head, 4 to 4 die.; Lewis Hill
Range, I to 4 dis. ; Cologne Lead, 4 to 4 die. ;
Clarendon (of Jamaica), 4 to 1 ' pm.; Britannia
Gold, / tog per sh. ; New South Wales Coal, to
dia.; L'Aigle d'Or, 4 to 4 dis.; Lqndon and
Virginia Gold and Copper, 4 dis. to 4 prem. ;
Mount Carbon Coal, / to t die. ; Kenmare,
par to 4 pm.; Lake Superior Copper, 1 die. to
par ; Connemara, dis. to par ; (Henault°' g to
4 i dis. • Australian Mutual, Ito ' dis. • Chartered
Australian Land and Mining, to 3 die.; Golden
Mountatin,t to idis. ; Poltimore,l:l6 to 3-:6 pm.; Great
Crinnis, par to •, Garnett and Moseley, 1 te
14 prem. ; Sue River (of Jamaica), 4 die. to / pm. ; Met-
calfe (of Jamaica), - to s prem.; Carberry West,
3 to/ dia. ; Adelaide Land and Gold, 11 to 01 die. ;
Australasian Coal, » to 4 dis.; Liguanea (of Jamaica),
I die. to 3 pm. ; Port Royal (of Jamaica), „1- to Z pm.;
British and Colonial Smelting and Reduction, 1 die.
to par; Australian Consols, / to 4 dis. ; Albion Gold,
to die.; Lackamor Copper, 4to 1 die.; New
Linares, 1 dis. to par ; Great Ilewas United Tin,
1 die. to par ; Craigwen, par to I prem. ; Peninsular
Mining, 3 to / prem.; Great Cambrian Mining and
Quarrying, par to 1 prem. ; Dhurode Copper, g dis.
to 1 prem.