The Express.
London, England, 1851-08-18 00:00:00

RAILWAYS.

THIS DAY.
Two o'CLocz.

The share market continues to suffer from the un-
favourable reading of Mr. Glyn's speech at the Lon-
don and North Western meeting, which is decidedly
in favour of the "bears," and the downward tendency
has to-day shown itself even more strongly. Great
Western and London and North Western stock have
fallen 2 per cent., and all descriptions have partici-
pated to some extent in the decline. Hovers are
7s. lid. lower.
•1t the half-yearly meeting of the Hull and Selby
Railway, held at Hull, on Saturday, a dividend of
2L 94. on the whole or 301. shares, and half that '
amount on the half or 231. shares was declared.

MONEY MARKET.

1 lIIS DAY.

Twc O'CLOCK.

(.1011 sales of Consols, which mayitarrii-ere
fea
as the consequence of the increased demand
rtiney to meet the commercial and agricultural
requirements at this season, have again been made
to-day, and in the absence of any counteracting busi-
ness of equal importance prices have been further
dressed I. Dullness is the chief characteristic of
the market, and the time business in Consols is
small.

The present quotation of Consols is 901 to 1, for
money, and 991 to for the 11th September, being
1- worse than they opened. Business is marked in'
the official list as follows :--Three per Cent. Consols,
965, 1. -4; ditto fur account, 9610 ; Three per Cent.
Reduced, 971, 97 ; New Three-and-a-Quarter per
Cents., 981, 1. Bank Stock, 215, 215 s.
Holders of Exchequer BU's have conic forward to
realize, and the quotations have undergone:a decline,
the market wearing an unsteady appeatance. Busi-
ness has ban concluded in all classes of hills at 445.
to 48s. prem. India Bonds. 1,009/., mark 5 is. prem.-;
ditto under 1,01)01., 545. and 575. prem.
In the foreign stock market there is scarcely any
increase of busmen and no general change has occurred
in prices. The chief alteration is a further decline
of<t per cent. in Mexican Bonds, which have
been sold to some extent as low as 28 t.
Russian Four-and-a-Half per Cents. were sold
this morning at a rather lower figure, hut the price
has since recovered. In other descriptions there is
nothing worthy of notice. The day's bargains have
been at the following figures : Danish Three per
Cents., 11423, Mi. Dutchtwo-and-a-Half per Cents.,
591; ditto Four per Cent. Certificates, 931, 93.
Equador Bonds, 31. Mexican Blads, 281; ditto for
account 29th August, 281, 1; ditto small, 2t41.
Russian Four-and-a-Half per Cents., 101'4, 192. Sar-
dinian Scrip, 4, dis. Spanish Active Five per Cents.,
for account, 2011, 3.
A further import of specie, to the amount of
160,000 dollars, is advised by the two American
steamers which have just arrived at Liverpool; but
the exchange comes quoted lower, and the accounts
generally are in favour of the opinion expressed by
us, that the shipments of bullion from this quarter
have received a check for tlw present.

SATVEDAY EVENING.

The foreign stock market was very inactive, no
less from the absence of the operators than the inde-
cision prevalent with regard to the speculative
stocks. The meeting on Tuesday of the Spanish
bondholders is looked forward to with sonic interest.
The proceedings there will very much affect the pet--
swinel of all the foreign stock committees. With
rekrenve to the Mexican committee, many anxiously
look for a half-yearly meeting when they may mu-
, yawl the state of their attliirs and learn who are the
parties assuming the management. A declaration is
looked for from the sub-committee of Buenos Ayrean
bondholders, as the basis on which they had relied
for their operations seems affected by late events,
and it is considered desirable the interests of the
bondholders shall be represented at Buenos Ayres
in the prospect of a disruption of the Argentine con-
federation. Prices to day were little affected, as
will be seen by the subjoined business list, but Mex-
ican closed weaker. Brazilian Old Five per Cents.,
Small Bonds, 92%. Buenos Ayres Six pier Cents.,
53. Belgian Four-and-a-Half per Cents., 931.
Mexican Bonds, 29, '4, 29; ditto, for account, 29th
August, 291. Peruvian Five per Cents., 1819,
901. Sardinian Scrip, dis., par. Spanish Active
Five per Cents., 21 ; ditto, Three per Cent., 3P4,1.
_ _

There is abundance of money and less tightness
than usual at this season of the year, but money is
on the advance, as the increased business of this
country and of Europe has caused a greater demand.
Discount may be called 3 to 31 per cent. In the
course of next week the second instalment of 15 per
cent. on the Sardinian loan of 3,000,000!. comes due
and will be paid ; the total payments will then be 33
per cent. '1 he Midland Railway Company are in
the market for debentures at 4 per cent. ; the East-
ern Counties at 43: and the London and North
IVestern have lately been taking money and renewals
ut 31 per cent. The Eastern Counties and other
companies now take sums us low as 100/., in conse-
quence of the late alterations in the Stump Acts, and
this is calculated to have considerable results, inure
French
in making the bonds marketable, as
railway bonds are in Paris and London ; but
then, it is to be obeerved, French bonds are uni-
kinkily for 1,000 francs, or 401. If English railway
bonds were uniformly of the value of 100!., they
could then be dealt iu; would be regularly quoted, as
guaranteed shares are; and could be held by banks
and other public bodies, who are now precluded front
taking them for a temporary investment, us 1,000/.
debentures cannot in seasons of pressure be readily
got rid of.
Foreign rates of discount may be quoted as fol-
lows : Adelaide, 20 to 32 per cent. ; Amsterdam, 2
per cent.; Antwerp, 2 to 3 per cent.; Bourbon, 6 per
cent.; Bordeaux, 4 per cent. ; Brussels, 4 per cent. ;
Calcutta, 11 per cent.; Ceylon, 9 to 10 per cent.;
Copenhagen, 3 per cent.; Frankfort, 11 per cent.;
Hamburg, 13 per cent. ; Ilavre, 4 per cent.; Haven-
nah, S to 9 per cent.; Leghorn, 43 to 41 per cent.;
Madrid, 6 per cent.; Marseilles, 4 percent.; New
York, 7 to 10 per cent.; Paris, 3to 35 per cent.;
Pernambuco, 11 to 11 per cent. per month ;
Peru, 24 per cent.; Philadelphia, 6 per cent.
Rotterdam, 23 per cent.; Rio Janeiro, 6 per
cent.; Trieste, 43 to 4 per cent.; San Fran-
cisco, 3 to 8 per cent. per month; St. Petersburg, 53
to 63 percent.; Valparaiso, 12 per cent.; Vienna, 3
per cent.
The Bank of England returns require no comment.
They show a continuous and steady increase in the
bullion, though it is expected the Sardinian remit-1
tanees will soon tell in.
The monthly statement of the National Bank of
Belgium shows the position of that establishment on
the 31st July to be as follows. (Exchange, 25 fr.)
Coin and bullion
Notes in circulation 1,522,976
The bullion market is only noticeable for the return
of the dollar in this market to its former quotation.
Sovereigns are better at Paris owing to the improved
exchange. Present quotations are thus stated by
Nlcs,ra. Sharps and Wilkins:—bar gold, 3!. 17s. 9d.
per ounce standard ; American gold eagles, 3/.165.3d.
per ounce ; bar silver, without gold, 3s. Old. per!
ounce standard bar silver, containing gold, (all gold
above five grains in the pound to be paid for),
31. 11d. per ounce ; Mexican and South American
dollars, 4s. 111 d. per ounce ; quicksilver in bond,
3s. 4d. per lb.
The imports of bullion include 128,0001. by the
Asia, from New York; a few packages of specie by
the Severn, from the Brazils; 45,000!. by the Vic-
toria, steamer, from St. Petersburg to Hull, in half-
imperials; and 122,000 dots. by the Independence,'
liner, from New York, The total is about 200,000!.
The total amount of the precious metals exported
direct from London during the week ending Thurs-
day last, we learn from official sources, was as fol-
lows :—Gold bars : To Boulogne, 832 ounces.
Silver bars: To Calcutta, 76,133 ounces; to Rotter-
dam, 47,000 ounces; to Belgium, 35,000 ounces; to
Dunkirk, 8,000 ounces ; to Boulogne, 258 ounces.
Silver coin: To Dunkirk, 55,763 ounces; to Cal-
cutta, 26,000 ounces; to Belgium, 88,000 ounces; to
Boulogne, 3,440 ounces; to Rotterdam, 2,500
ounces. This gives a total export of 832 ounces of
gold and 342,094 ounces of silver, of the aggregate
value of 88,700!.
Besides these exports the Tay took out about
80,000/. from Southampton, for Rio.
The Railway Record states that by arrangements
between the London and North Western, Lancaster
and Carlisle, Caledonian, Central Midland and Aber-
deen Railway Companies, a reduction in rates upon
certain classes of goods has been entered into, which
it is expected will have the effect of diverting a con-
siderable amount of traffic from the steamers between
Aberdeen and London.

liiiettsst I Lowest

8
PAILS, Ara.
Money. Opening
---.• —I—
/ pig Celan 67 45 57 15 $7 43 $7 13 37 45
3 per Camln.
4 per Cents.
...
1 per Cent..
Exchange on London: at eight, 15 071 ; 90 day., 24 371 90.
Belgian, Lola
130. 3, 1311
Do. 41
Do. /3 ... - . I Tee.. Wings
Piedmont 3 SI 55... Monk So Ire. 1180
Peru, Aro 16.—St. Germain, 137 50; Versailles (right
bans). 170; Do. lien taint‘, 2/7 '.O; Paris and OrleJne, •Stl;
Parbtand Moon*, ; Damian pool Ai ig.non, 201 30 2oi• Stmts.
lealrg an.) t,,',', 183 73; Centre, 43172% 4a.,; Orleans and no;deaus,
391; Northern, 40 30; Pali. and StrasSourg, 335 73; inure and
Nan,eit. 2.3 73.
BEItEIN, Ara. Ill.—Voluntary Loan, 107. New Loan,
Four-and-a-llalf per Cent., 1011. National Debt, 881. hank
Shares, 1011.
VIENNA, AV G. 16.—Fire per Cent. Metalliques, 063;
Four-and-a-halt per Cents., 811 ; Dank Sham, 1229 ; Ex-
change on London, 11.40.

MINES.

(Prom the Daily Nor'.)

Business in the mining share market during the
week hag been brisk in a kw descriptions to which
attention has of late been more especially directed ;
shares in Mary Ann, Bedford United, Tremayne
and West Providence having attracted a good
deal of attention, and realised higher prices. Gene-
rally, however, the market has been inactive, the
absence of many speculators at this dull season pro-
ducing the same ettect in this department as in the
other security markets. Under these circumstances,
the firmness with which prices are maintained is a
very encouraging Tatum, as it proves that the pro-
portion of mining shares held by parties who are
content to make their adventure in the various under-
takings, and then abide the issue, and who must bo
regarded as the real mining proprietary body—
forming as they do the nucleus of the interest
—is much larger than many persons believed ;
whist the avidity with which all sound divi-
dend shares are picked up whenever they
offer is sufficient evidence that mining enterprise
maintains its place in the confidence of the public,
who generally have discernment sufficient to see
through a worthless undertaking, and to appreciate
a good one so soon as it has obtained a firm footing.
It has been frequently noticed, however, that in this
market, even more than in others, speculators reap
the first, and frequently the largest gains, whilst the
capitalist public, after their attention has become di-
rected to a promising adventure, are awaiting the
further development of the operations. So soon as
success is rendered the reverse of problematical,
buyers rush in, and of course have to pay propor-
tionately for the increased opinion of the security in
which they place their money.
The following is the latest list of prices : Alfred
Consols, 14, 144 ; Bedford United, 7! Tremayne,
2.5, 26; West Providence, 95; East Rose, 450;
Devon Consols, 300; Trehane, 154 ; Treviskey, 200,
205; Trelawney, 52,5; Mary Ann, 60, 61 ; East
Pool, 140, 150; South Tamar, 21; South Tolgus,
150, 160; Condurrow, 100; Lewis, 17, 18; Venton,
11; East Tamar, 18s. to 11.
Foreign shares: Australian, 4,1; St. John del
Rey, 19, 4; Imperial Brazilian, 2,3; Cobre, 31, 5;
Copmpo, 71; Santiago, 2i, 31; United Mexican,
2i, a•