The Express.
London, England, 1853-07-05 00:00:00

The public funds remain extremely sensitive, but,
on the whole, the feeling of the market was less de-
pressed to-day than on Saturday, although we have
no real rally to report. Prices opened better, as it
was more clearly shown that the statements published
on Saturday, of the Russian army having actually
invaded the principalities, were premature; but a
reaction soon took
.place, and, after having experi-
enced for a abort time a decided feeling of depres-
sion, the closing quotations were nearly identical
with these of Saturday. Prices for the moment ap-
pear chiefly influenced by the telegraphic quotations
received during the day from the Paris bourse. That
market opened flatly, but sensibly improved in the
afternoon, causing a corresponding movement here.
Consols opened 97; to 98 ex div., for the 19th
July, but maintained this price only for a moment,
quickly receding to 974 to 1. This was also the
closing official quotation, the price having in the
meantime been as low as 971 to 1, • but at four
o'clock a rally to 971 to ; had taken place, and still
later in the afternoon the few dealers about made
the:price 97 13-16 to 15-16. The official business
report includes :-Three per Cent. Consols, for the
opening, 19th July, 98, 97k,„ 1, 1. Three per Cent.
Reduced, 981, 4,1, 4. Three-and-a-Quarter per
Cents., 1011, 1004, 101. Long Annuities, 1860,
5 13-16, 51. Bank Stock, 2291, 2281.
Exchequer Bills clotted the same as on Saturday,
at ls. to ss. prem. India Bonds were sold at 255. prem.
Foreign Stocks were generally flat, but without
material alteration. Mexican has not rallied. We
hear geniral complaints of the conduct of the com-
mittee, in giving their agent any authority to make
over the common funds to the Mexican government.
Such a proposition, after the signal breaches of faith
of which Mexico has been guilty, would certainly
never be countenanced by the bondholders. Peru-
vian Stocks again showed a downward tendency.
Spanish is dull. In Russian there were numerous
transactions, and the price was fairly supported.
Sardinian was rather cheaper, and Equador flat. The
only stock in this department that shows an
improving tendency is the Swedish Loan, which, as
we anticipated, is being gradually bought up for
investment in great part on foreign account, and
after standing so long at a considerable discount, has
to-day reached prem. At 4 o'clock Mexican Bonds
were quoted 261 to 27; Spanish Deferred Threes, 22
to 1 ex div. ; the Certificates, 51 to 6 per cent. ;
Peruvian Deferred, 58 to 60; ditto Four-and-s-Half
per Cent. Scrip, 3 to 1 die. ; Granada Active, 211
to 221; ditto Deferred, 95 to 10. Sales are thus
marked :-Austrian Five per Cent. Bonds, 1652, 97
ex div. Dutch Two-and-a-Half per Cent , 634, 63,
5, ex div.; ditto Four per Cent. Certificates, 951, 1,^2.
Equador Bonds, 51, 4. Mexican Three per Cents.,
27, 261. Peruvian Four-and-a-Half per Cents., 824,
83 ; ditto Deferred Three per Cents., 59. Portu-
guese Four per Cents., 391, 39, 1. Russian Five per
Cents., 1171, 1164, 1171, 1161; ditto Four-and-a-
Half per Cents., 991, 100, 991 ex div. Sardinian
Five per Cents., 93, 1. Spanish Old Three per
Cents., 461, 451 ex div.; ditto New Deferred Three
per Cents., for account, 15th July, 221, 22, 1 ex
di,. Swedish Four per Cent. Provincial Mortgage
Loan, 3 prem.
There was quite a glut of money seeking employ.
ment to-day, and the temporary stringency noticed
at one period last week has passed away. On Fri-
day next the dividends on Consols and other govern-
ment annuities will full payable, and will doubtless
contribute to maintain the existing ease of the
market.

No" acceptance" of new stock was reported from
the Bank to-day.
The Sarah Ann has arrived from Launceston, Van
Diemen's Land, with dates to the 3rd March, but it
is not yet known what amount of gold she may have
on board.

We are informed that the accounts received by the
Australian Agricultural Company by the steamer
Melbourne reach to the 3rd March, at which time
nothing of course was known of the arrangements
made in this country for the sale and transfer of the
company's property on the Peel River to a separate
company, the same having only been settled in Lon-
don in the preceding month. Captain Brownrigg,
the chief superintendent, who had not recovered from
a severe attack of ophthalmia, writes that the com-
pany's affairs are all going on well, both as relates to
the gold fields at the Peel River and at Port Stephens.
He was waiting to learn the measures adopted
by the directors in London, after the receipt of the
late deputy-governor's despatches, reporting the dis-
covery of gold on the Peel River estate. In the
meantime, every practicable attention was given to
the conservation of this valuable property until the
receipt of instructions from home. Mr. Rudder, the
geological surveyor that had been engaged by Mr.
Bane previous to Captain Brownrigg 's arrival, was
prosecuting his researches, and had discovered an-
other tract of auriferous soil, and strong indications
of the existence of copper and lead. The company's
clip of wool of the season, which, notwithstanding
the dearth of labour, had been well secured, was in
course of shipment, and the sales of coal had doubled
that of the same months of the preceding year.
Annexed is a recent " order " of the Stock Ex-
change Committee :
' •

The committee require that every person who receives a
ticket, " after two o'clock," or " after three " on the same
day, shall notify the same on the back of the ticket, by
drawing • litre, or otherwise, in order to facilitate the
tracing when shares are sold out ; and any person neglect-
ing to do so will be held responsible for any low that may
be incurred.
Land shares were generally a trifle steadier to-day.
Australian Agricultural finally closed 66 to 68; Peel
River, 12 to 12 prem.; British American, 68 to 70;
North British Australian 3-16 to 5-16 prem.; Scot-
tish Australian Investment, It to 12 prem. These
two last named stock were flatter. South Australian
Land were worse, marking below 40. Australian
Bank shares were dull, and all the new institutions
showed a downward tendency. Australasia Bank
fell 11. Crystal Palace shares were also flat, closing
22 to 21 prem. Shares of the Provincial Bank of
Ireland have been done at 491 to cx div. and
bonus; and Berlin Waterworks, par.
The third and last instalment of 21. 10s. falls due

onthe -aiar—ce7 the Quebec and Richmond Railway

Company on the 15th inst.
The half-yearly interest, at the rate of 6 per cent.
per annum, is now payable on the class A shares of
the St. Andrew's and Quebec Railroad Company.
We have already drawn attention to an Inter-
view of a deputation on Scottish savings banks with
the Chancellor of the Exchequer in reference to the
government bill now pending. Fourteen members
of parliament were comprised in the deputation,
which represented the savings banks of Edinburgh,
Glasgow, Perth, and Dundee, or fourteen-fifteenths
of the total amount of deposits in savings hanks in
Scotland. A variety of objections are urged against
the government bill, as it at present stands, and the
concluding suggestions of the deputation are com-
prised in the following, viz.:
That in place of appointing receivers, which would entail
a heavy.expense, and create an anomaly in the management
of the banks, the government might with perfect safety in-
terpose their guarantee for the repayment of all deposits :-
1. The appointment by the government of the chief
officer of the Bank, on the recommendation of the trustees
and managers, with power to the government to remove
him at pleasure. 2. On being satisfied of the extent and
sufficiency of the security bonds of the present office-
bearer.. 3. On a periodical examination of the books of
the Bank by the trustees and managers. 4. On the appoint-
ment, by the government, of an efficient body of auditors
and inspectors, acting independently of the trustees and
managers. Such a system would afford more practical safe-
guards against fraud and mismanagement than the pro-
posed appointment of receivers. It would have no injurious
effect on those institutions which have been uninterruptedly
prosperous, and well managed ; and the saving effected in
the expenses would form a sufficient fund for a guarantee
against every possible loss.
For the still more complete protection of the govern-
ment, the memorialists would suggest, that instead of the
provision in the bill which sanctions only sue audit in the
year, on specified days previously knows to the officers in
attendance, power be given to the
auditors end inspectors
to enter the Sank at any time, without previous intimation,