The Express.
London, England, 1857-11-19 00:00:00

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ring Our bodies to Charles flendemen, who has tee-
ter several peen in our hue, end whom we can ably and
str=weeeeesamid to your kind support.
WS Easy sours ourselves of your kindness end
feekeeranar dming the liqtddatica dour estate we we your
chalked semen* BDWARPS and
Oar anticipation that the reml•tances of specie and
bullion to the East by the packet of the 20th inst.
would be below 400,0001. is corroborated by the fact.
The total amount shipped by the simmer Nemesia
(which has been substituted for this service instead
of the Colombo) is only 318,7871., of which the whole
is in laver, with the exception of about 5,0001. in
gold. Weill it not for the shipment of a quarter of
• million in silver by the Bait India Company, the
Eastern drain might be regarded as, for the present,
quite stopped, Yesterday wu the last day for of kcting
thipments. The particulars are as follows, viz.:—
For Alexandria (gold), 1,0001.; for Aden (gold),
6001. ; for Bombay, 118,1951.; for Madras (gold),
1,1351.; for Calcetta, 173,774 i. ; for Penang, 3,6861. ;
for Singapore, 2,6001. ; for Hong Kong, 13,2281. ;
and for Shanghae, 2,2701.
The importance of the check which has been
given to the drain will be seen by the following
statement of the aggregate remittances by each of
the last six steamers, viz.:
Sept. 4, per Indus L695,025
Sept. 20, per Ripen
663,359
Oct. 4, per Colombo 594,485
Oct. 20, per Indus
Nev. 4, par Ripon
Nov. 20, per Naas* 318,787
The steamer Baltic has in* 47,0001. in specie
from New York, of which 30, is understood to
be in coin and 15,0001. in her gold. Monetary
affairs in America were still gradually improving.
The rate of exchange on London is stated to have
risen to 108 to 109 for bankers' bills.
The Fulton, which sailed from Southampton yester-
day for New York with the French and English
took out 21,3001. in specie from Englas4. The
Kangaroo, which sailed from Liverpool, took out
10,0001.
The steamer Persia is expected to arrive at Liver-
pool on Saturday, with later dates from New York.
The steamer Indus is expected to arrive at
Southampton to-morrow, with the heavy portion of
the Indian mails.
On the Continent the exchanges on London are
generally firm at the late advance. At Hamburg a
farther considerable improvement has taken place
in the quotation for short bills. At Vienna
the exchange is still creeping up. At Paris on
Tuesday the rate on London was quoted 93.36 to
371 for short, and 24.70 to 75 for three months'
bills ; at Amsterdam, 11.80 for short ; at Hamburg,
13.61 for abort, and 12.151 for three mouths; at
Berlin, 6.181 ; and at Vienna, 10.30.
A telegram from St. Petersburg states that the
exchange on London bad declined to 351. The
price of tallow was quoted at 160r0. he delivery next
August.
The corn market yesterday was very dull, and the
tendency of prices is still droopi. The number of
floating cargoes of grain arrived at ports of call
since last Friday is 22. Nearly all the country
markets held on Tuesday ruled lower. In France the
recovery in the prices of grain and flour has re-
ceived a check.
In the Bankruptcy Court yesterday there were
some proceedings in the case of Mr. Page, of the
Creevelea (Leitrim) Iron and Coal Works. The
liabilities are stated at about 20,0001., whilst the
assets are trifling.
The check which has been given to trade is be-
ginning to affect railway traffic. The northern lines
suffer =lefty, especially those in the manufacturing
districts. The return of the London and North
Western Company, published last evening, shows a
decrease of about 3,0001. compared with that for the
corresponding week of last year.
Asbearing upon the prospects of American trade,
we malts the following extract from a letter from a
mercantile house, dated Boston, 2nd instant :
The revulsion in the United States and in Canada, which
far-meing men have been predicting for a year or two put,
have come, inflation and expansion base been arrested, undue
extension of business trazoactions has been checked, inordi-
nate values are to coulee of depreciation, and property of all
kinds will And its true level. After arch a crime there mast
be a steady improvement, a healthy re-action, and • viaorea
belabors. Legitimate operations from this time onward must
be more or less remunerative, and capital will be abundant
in the market for those who can show reasonable ponies
for good in their transactions. This is our view of affairs
in this country ; we believe that there is abundance of valu-
able resources here, and that the country never bad such
mesas within itself for paying debts as it tow poseeepea, and
that it was never so rich as it now is. The trouble has been,
that them means have not been, and are not yet, available
and that for the time maddens* in the value of all property
has been shaken. After the winter the crops will come for-
ward freely, the exports will be increased, the railways will
Ad employment, the complicated machinery of commerce
will moieforward, and fresh activity will he tweeted and
augmented. In Canada it will be the same . that is a noble
province, sad although ft has received a temporary check in
the development of is resources. It will assuredly take a
fresh start before long. In Great Britain the present do-
premion, of course, is only temporary, and all who ere con-
nected with the transatlantic trade will soon (eel the effect of
symptoms of revival on this side.
The Master in Chancery charged with the wind-
ing up of the London, Birmingham, and Bucking-
hamshire Railway Company proposes on the 26th
inst. to make two calls on the contributories, of
which one will be for 1501. each, and the other for
1871. each.
The certificates of the E Extension shares in the
East Indian Railway are now ready for delivery.
With reference to the market for American rail-
way securities, Mr. E. F. Satterthwaite reports as
follows :
There has been a quiet market for Americas securities in
London during the pest week. Illinois shares close at a
alight improvement. Erie Third Mortgage Bonds are also
inquired for, at advanced mem, bat are maim. New York
Central shares and bonds remain inn, and few on the market.

WIDWEIIDAY By BNINO.

Despite increasing gloom in the commercial world,
the funds retain great firmness. At one period of
the day, owing to the announcement of more satis-
factory intelligence from New York, an improvement
of / per cent. was attained. In the afternoon more
dulness was observable, and the closing quotations
were per cent. below those of yesterday. This
was chiefly owing to an increased demand for money
in the Stock Exchange, consequent upon the de-
livering to-day of the farther large amounts of stock
sold a day or two ago by the Bank of England.
Consols, which closed yesterday at 891 to 90 for
the 7th December, opened this morning at 891 to
1, rose to 90 to /, and closed at 891 to 1. For
money the last price was 891 to
_l. Me official
business report is as follows :—Three per Cent.
Consols, for money, 891, 1,1, 1,1, 1; ditto, for ac-
count (7th Dec.), 891, 901, 891 ; Three per Cents.
Reduced. 881, 1, 1,1; New Three per Cents., 881,
I, 1,s ; Long Annuities, expiring in Jan., 1880,
2; Thirty Years Annuities, April, 1883, 171, 171.
Three-and-a-Half per Cent. Exchequer Bonds, fall-
ing payable in 1859, 971. Bank Stock, 212, 214.
India Bonds, 40s. die.
Exchequer Bills were last quoted 17s. to 12a die.,
being the same as yesterday.
Turkish Six per Cents. met with some inquiry
in the morning, but had receded at 4 o'clock to 871
to 88, being 4 per cent. lower than yesterday. The
Guaranteed Four per Cents. were last quoted 97 to
1, being in better demand. In other foreign stocks
the variations were not of much importance. Sales
are recorded as follows:—Danish Three per Cents.,
1825, 821; ditto Five per Cents., 100. Dutch Two-
and-a-Half per Cents., 831, 641 (exch.,126.). French
Three per Cent. Rentes, 87f. (exch., 23f. 36c.).
Mexican Bonds, 181. Peruvian Four-and-a-Half per
Cents., 75, 74; ditto, for account (30th November),
74. Portuguese Three per Cents., 1853, 42/.
Russian Fire per Cents., 104. Spanish New De-
ferred Three per Cents., 241, 241. Turkish Six per
Cents., 871, 871, 871; ditto, Guaranteed Four per
Cents., 97, 971, 971.
Owing to continued reports that government con-
template bringing in a bill for remodelling the go-
vernment of India, the demand for Indian railway
shares, which set in late yesterday afternoon, con-
tinued to-day. Nearly all descriptions exhibit an
improvement. The stock of the East Indian Rail-
way Company, however, left off rather lower than
at 4 o'clock yesterday, viz., at 102 to 103, the
coupled with the extremely stringent state of the
money market, leading to some realisations.
Bank shares remain dull, sellers predominating.
City Bank, and some other descriptions, have de-
clined. Canada Land shares have fallen considerably.
Peninsular and Oriental Steam advanced about 11.

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