The Express.
London, England, 1851-10-17 00:00:00

B.AILWAYB.

• THIS DAY.
Two o'CLecx.
This is "settling day" in the share market, and
the transactions have consequently been restricted.
With the opening of the new account prices have as-
sumed a downward tendency, and the market is low
generally heavy, at lower rates. Midlands, Lanca-
shire and Yorkshires, London and South Westerns,
and Great Westerns exhibit the chief decline, but
Manchester and Sheffields, South Eastern., and York
and North Midlands are also worse.

M today ap
to 1 pm.

30 Aberdeen

MONEY MARKET.

THIS DAY.

Two o'Ciool.

.._
The business in the English stock market to-day
has been of much the same character as since the

of the dividend payments, a good de-
mand for investment being experienced, and the
purchases on account of the Sinking Fund further
aiding to support the market. The speculative ope-
rations, however, do not appear to be in the direction
of a rise, and this circumstance may be taken to ex-
plain the fact of no further advance having been estab-
lished, although stock is by no means plentiful, and
the Paris mail brings news of a rally on the Bourse.
Indeed, though the top price of yesterday has been
several times reached, the present quotations of
the market show a decline of as compared
with the final range of yesterday. It must be
remembered that at the present high quotations of
the English funds the choice of remunerative and
easily convertible investment for surplus capital is
extremely restricted, and under these circumstances
Exchequer Bills and India Bonds have come into
much more favour as a medium of temporary
investment.

Consols are at present quoted 97 to both for
money and the account of the 12th of November.
Bank Stock is firmly held, and has to-day been
transacted at an improved figure. The official state-
ment of the day's business is as follows : Three per
Cent. Console, 971, 97, 971, 97 ; ditto for account,
971, 97. Three per Cent. Reduced, 96i, 1. New
Three-and-a-Quarter per Cent, 971, Loag An-
nuities, 1860, 6 15-16, 7 ; ditto 30 years 1459, 61;
ditto 30 years, 1860, 71. Bank Stock, 213, 212
Exchequer Bills and India Bonds have both met
with a good inquiry to day, at a further rise. Ex-
chequer Bills of all classes mark 50s. to 535. prem.;
and India Bonds, 565. and 545. prem.

There is no disposition to operate in the foreign
bonds, and the business in this department has been,
almost entirely limited to the liquidation of the ba.
lance arising out of the account, this being "settling
(lay." The change in prices is confined to a decline
in Mexican and Hutch, the quotations of the
latter coming reported by telegraph rather lower
from Holland. The transactions of the morning are
as follow t—Chilian Three per Cents., 04. Hutch
Four per Cent. Certifs., 00„ 00. l'ilexicair Bonds,
27, 20:. Spanish Active Five per Cents., 201, ;
ditto, for account, Oct. 31, 20a; ditto, hree per
Cents., 3s.

By the Stornaway, Capt. Robertson, intelligence
has been received this morning from the Cape to the
22nd Aug., being about three weeks later than the
accounts previously to hand. Nothing what-
ever of a decisive character had as yet been
done, the usual features of atrocity still dis-
tinguishing the Kaffir warfare, by. which the
property of all the outlying colonists is being hope-
lessly destroyed. From above Graham's Town to
the Orange River, a distance of 300 miles, the whole
lino of country has been devasted—sheep, cattle, and
horses having all been swept away or destroyed,
and the entire border being marked by the burn-
ing ruins of fired farm houses, the once happy
homes of a peaceful and industrious people. The
immediate moving in this direction of a force suffi-
cient to ensure protection was earnestly looked for.
In an attempt of the enemy upon the large
supplies of cattle at the farm of the govern.
ment contractors, Messrs. Cawood, and Lieut. Scan-
lon had been severely wounded. From the Somerset
district the unfortunate inhabitants were " trekking"
in great numbers, and in this part the sheep were
dying rapidly from drought and want of fodder.
There was also an alarm of further defection among
the Cape Corps, which appeared to be but too well
founded. A very sinister piece of news from
the Orange River sovereignty is the confirmed hos-
tility of the Boers, many of whom had crossed over,
and did not disguise their intention of joining the,
enemy ; whilst others who had previously been acting
with the government were holding back, Communica-
tions had been sent to Natal, requesting a force of Fin-
goes from the Drakenberg to be sent iu aid of the
British residents. Major Warden had denounced the
people of Moshesh and Molitsane as enemies, and had
called out the whole force of the sovereignty against
them. Two companies of the 43th regiment with
500 Zulus;hatl,by the latest accounts, becu despatched
from Natal to his assistance. Altogether the
intelligence is sufficiently. discouraging, and tho re-
gular Cape mail, which is expected by Monday, is
anxiously looked for especially by persons interested
in the colony.

THURSDAY EVRNINO.
The following shows the extreme rates at which
bargains have been concluded in the more speculative
descriptions of foreign bonds during the account now
closing :
Highest. Lowest.
Mexican Bonds 271 261
Peruvian Five per Cents.
Spanish Active Five per Cents 2l 201
110.. Passive
Sardinian Scrip 3 dis. ILdie.
The speculative transactions of the fortnight ve
not been extensive, and were chiefly in Mexican,
which were run up at the beginning of the account
by parties who calculated upon keeping up the mar-
ket, in which however they were unsuccessful.
Spanish bonds have had only a moderate share of '
business. In Peruvian positively nothing has been
done, and the prices above given cannot be said to
show the least fluctuation, after making allowance
for the reduction of the dividend.
The market for American stocks presents no change
this week. Messrs. D. Bell, Son, and Co. report
the following as the present quotations of the mar-
ket, to which we have added the latest New York
prices, as stated by Messrs. Cammatm and White-
house :

London New York
Redeemable. Priem. Priem.
United &atm G per Ct. Rda. 1%2 10v 107 110 110 i
Do. 6 per Ct. do.
Do. 6 per Ct. Stock 1887.1848 104 105 111 1161
Pennsylvania 5 per Ct. Mock • IN 82 901 91
Maryland Spey Ct. (sterling bands) — 881 891 9.51 944
Canada 6 per Ct. Donde ... 1874 104 109
Ilostan S per Ct.
New York 5 per Ct. Stock 1855-1870 90 at
This was name day in the share market, but
110190 operations remained open for continuation, and
rates were generally higher than yesterday morn-
ing. The following are some of the rates which were
paid :
London and North Westerns, to eontinuatio I.
Great Westerns, to continuation.
Midlands, I to 1 continuation.
South Easterns, 3-32 to continuation.
South Westerns, Ito continuation.
Great Northerns, borrowers to 1-32 haekwari
Jai Caledonians, lenders to 1-32 continuation.

The subjoined table shows the extreme prices at
which business has been done in railway shares
during the account now closing :

Brit. Lowert.

10 edomm....

iii -!,

50 arster untlllolybead •
7
30 Pattern Counties .
4
95 kart Lana brei
15_

50 Yallohrgh and Gissper
23 Great Northern
100 Cram Western B5l Ent
100 lantashire nod Yorkshire
111 London ant Blackwell
100 London, itrightnn. end South Coed
100 Landon and North Western ............ ........ 118
100 London owl @coat Western
1I MMidl an
aetnd 4teter, t•betßelload Lincolnshire 2561
00 SO
461
23 Morn British . . 9

irk North tstattordshlre
50 Oxford, Worcester, sad Wohertutitytts
10 South E.erem_ _

ii Took, Nrwtoii;,
SO Ton and North

The course of the market during the fortnight has
been rather irregular. In the first week a consider-
able advance was established, but the tendency has
since, on the whole, been downward, and in several
instances to-day's prices are only a little above the
lowest of the account. A considerable amount of
business has been done, chiefly on the speculation of
lower prices.