The Express.
London, England, 1855-05-19 00:00:00

MONEY MARKET.

FRIDAY Bynum*.
The finds continue to advance, owing to the steady
investments of the public and the marked abundance
of money. Console have experienced a further rise
of 4 to 4 per oent., and aimed firmly at the highest
point of the day. Money is nominally worth 14 per
cent. in the Stock Exchange on government securi-
ties, but is without demand. Owing to the want of
stock for transfer, portions of the new loan continue to
be paid up in advance, and to-day this operation was
carried on to some extent at the Bank. Generally
an improved feeling is observable throughout the
Stock Exchange, and it is noticed that the purchases
(with the exception, perhaps, of those in Turkish and
two or three other descriptions of foreign stocks)
appear to be mainly of a bows Ade character.
At Paris to-day the 'Three per Ceat. Rents closed
to 4 per cent. higher than on Wednesday, money
purchases preponderating. In the Four-and-a-Ralf
per Cents. the advance was more considerable. Yes-
terday, being Ascension Day, was a holiday on the
bourses of Amsterdam, Vienna, Hamburg, itc.
Consols, which closed yesterday at 89:, were first
marked this morning 04, and steadily advanced,
closing at 894 to 1, for money and the 30th inst. The
official business report is as follows :—Three per
Cent. Consols for money, 894, 4; ditto for account,
30th May, 894, 4, 4. Three per Cents. Reduced,
88:, 4. New Three per Cents., 89, 884, 894. Long
Annuities, expiring in January, 1880, 34, 3 16-18 ;
Thirty Years Annuities, October, 1869, 34. India
Stock, 2294. Bank Stock, 208. India Runde, 20s.
prem.

In view of the prevailing demand for investment,
and of the accumulation of unemployed capital. it is
somewhat surprising that Exchequer Bills do not
meet with more inquiry. The price has remained
stationary at 6a. to Bs. premium for some time pest
At Bs. premium these securities show a net return at
the rate of 31.85. per out. per annum. Consols at
881 (i. e. at 89, is.. say four months' dividend ac-
crued, which may be considered equal to 1 per cent.)
show a net annual return of a few pence is.. than
31.8 e., whilst Exchequer Bills Fuses the advantage
of being comparatively free from the risk of fluctua-
tion. It may be urged that the June bills have yet
to be renewed, but this objection does not apply to
the March issue, which has been renewed till next
year at 21d. per 1001. per day. Money can with dif-
ficulty be placed " on call " to command 3 per cent
The New Thirty Tears Annuities were dealt in at
16 7-16. Many persons will perhaps not think it
superfluous if we explain that for this sum of
161. Bs. 9d. (or within a fraction of such price), they
may purchase a government annuity of 11. for 30
years. TM minium was in demand, and had risen at
the close to If to 11 prem. Of Exchequer Bands
there are buyers at par, with no immediate supply.
Foreign stocks were firm, and in some eases rather
higher. Sardinian is about 1 per out higher, and
Venezuelan and Grenadian Deferred Bonds INTO in
favour. Attention, however, continues chiefly di-
rented to Turkish, which, after touching 78/ to j, re-
lapsed to 771, and closed at 78 to 1, being a shade
lower than the final quotation of yesterday. The
market for this stock is strengthened by the removal
of the apprehension that the remaining portion of
this loan would be negotiated in the market on a
similar basis to the last, in which ease it was anti-
cipated that the Turkish government would have
been compelled to accept very low terms. Nothing
has yet transpired publicly, however, respecting the
assistance rumoured as about to be afforded to Turkish
credit by the British and French governments.
Ice the corn market to-day Wednesday's advance
was maintained.

Today, as for several days past, large quantities of
gold have been sent into the Bank.
The foreign exchanges this afternoon were firm,
and in some cases a tendency towards improvement
was observable. Bills on Hamburg were negotiated
at 13.71 to 8, and on Amsterdam at 1201 to t. On
Paris the rates were unaltered. The transactions
were limited.

The China has arrived from Sydney, whenoe sbe
sailed on the 9th Jan. with 239 mots of gold and
3,6001. in specie, representing a total value of about
4,6401. _ _

The Madrid has taken out 38,1521. in specie for
Lisbon and Cadiz, and the Atrato 8,0001. for the West
Indies, &o.

The ships Eva and Maria Hardy have been
ordered to be surveyed for the government transport
service.

The sake of sugar to-day went off with much spirit,
and prices ruled tid. to is. per cwt. dearer than last
week.

At the indigo sale today less spirit was exhibited,
moat of the orders being executed. The sales will
terminate early on Monday.
The tallow market to-day was flatter, and Peters-
burg Y.C. closed at 525. 3d. for new, and .51s. to
51s. 3d. for old, on the spot.
St. Petersburg advice@ to the 10th inst. quote the
exchange on London at 331 to 16.16 d. 700 casks of
tallow had been taken at 114.101, for August',
delivery.
A special general court of the South Bea Company
is called for the 24th instant, at which the directors
will detail the progress nude in winding up the oont-
pany's affairs. A resolution will also be proposed for
making a return on the sth July next of 1001. per
cent. out of the surplus assets, distinct from any divi-
sion of profits for the half-year ending that day.
The Australian land companies' shares are meeting
with more inquiry at present. Bank stocks were
well supported. Oriental Bank shares rose 11.
Crystal Palace shares were again higher. Victoria
Dock shares have been dealt in at 17 (181. paid);
General Screw Steam at 14: to 1; and Royal Mad
Steam at 73 to 731.
The return of the Bank of Eogland for the weeL
ending Saudi', May 12, when compared with the
previous return, shows the following results :
Circulation issue
Circulation active 19,919,335 Decrease 249,095
Public deposits 2,733,908 Decrease 11,603,682
Other deposits
Government securities in

banking department.— 11,016,374 Decrease 2,674,999
Otherseenrities in banking
department
Coin and bullion in both

departments
Seven day and ether Dille 1,028,140 Demean 62,396
The Beet

The Beams (viz., notes
and edit in banking
department)
The subjoined exhibits the extent of the week's
variations at one view :

Public depssfts --deasose..
Other deposits deacon..
Noise and bills in circulation

£1,603,682
440,444

311,491
gut inerem.. 29,350
On the other Bide of the mount :
Goverment @smiths dames .. 2,574,939

Other securities decrease .. 177,250
Coin sad hellion increase .. 425,982

Total
This return exhibits some large numerical changes,
which are chiefly traceable to the loan transactions
between the Bank and government. It is evident
that the Chancellor of the Exchequer, directly the
Loan bill became law, hastened to apply the deposit,
together with other sums at his disposal, in Molt
off the advances lately made by the Bank on defi-
ciency bills. The large decrease of upwards of two
millions and a half in the stock of government secu-
rities held by the Bank is thus amounted for. The
increase in the coin and bullion is very matiafactorr,
and brings the total of this item to over sixteen mil-
lions. A further large aneentation must be looked
for in next return. The private securities continue
to ran elf, the Bank charges being so much above
thus owed is Loosbord7stroot.

BANK OP ZNOLAND.—An
Ilth Vict., a 3:1. fee the week

Nato Weed
N DI
V,336,616C i

!ARKIN) Dl
Progetebtee' MAO
pi*Rea 3.163.785
f NaUoDal
Dabt, eadoDiv. Aerie) 2,7'33,9081,
Other Dvodt• _ 12,206,207
heres-ds andotherkpi 1,018.140

4E33,62.4040
XV leas

mat, puretuutt to the set 7th and
iion
11T.Raturda7. Ks, 12. 1864.
1/1
Gotertment Debt... • • i 11.015.108
Other Securities SALIM
Odd Coin and Bullies 16.336.610
Oliver Bowan ........

°°"ram‘Ailicinnuladiyebs")" eeewl.
W...eigh.tj.l A:
91:330 61644.3:4
Other diraultted
Nolan
I Gold and Sliver Cola•
708..0)1
1

I
SlLeat.
X MARSHALL. add OishkaM.

THIS DAY.—Two o'CLocn.
A further rise of 1 per cent. has taken place in the
English funds to-day, and the market shows undi-
minished firmness. Consols have ranged between
891 and 901, and are now quoted 90 to k for money
and the 30th inst. The Three per Cents. Reduced
have been dealt in at 89 to 891; the New Three per
at 891 to j ; the New 30 years' Annuities at 161;
Exchequer Bills at ss. to 81. prem.; and India
Bonds at 18e. to 20s. prem. The ormolu= has risen
to 1/ to 11 prem.
Foreign stocks remain firm, with the exception of
Turkish, which has ranged between 771 and 78, and
is now quoted 77: to I. Russian Five per Cents.
are quoted 98 to 100; Spanish New Deferred Three
per Cents., 181 to 1; and Mexican, 201 to 211.
Dutch Two-and-a-Half per Cents. have been dealt
In at 631; ditto Four per Cent. Certifs. at 921 to 1;
Sardinian at 871 to 1; Granada Deferred at 71; and
Danish Five per Cents. at 1011.

FAIDAY vittorti.
The market for British mining stocksl has pre-
anted no feature of much importance. There are
some inquiries for shares in Wheal Basset, North
Basset, St. Day
.United, and West Providence.
The gold mining shares remain quiet. The General
Mining Company's shares were rather better.
There is no new feature in the metal market during
the past week, excepting in Scotch pig iron, which
has experienced a sadden and considerable rise from
the action of speculators. The general position of
the iron trade would hardly seem to justify the
advance.
Copper and lead are both firm, and in fair de-
mand. In tin and tin plates thtre is no change.
Spelter is somewhat firmer.
A general meeting of the National Brazilian
Mining Association is invited for the 24th inst.

THIS DAY.—Two o'CLocx.
The gold mining shares to-day exhibit no change.
Australian Agricultural shares ate quoted 31 to
33; Peg River, 2i to 3k; North British Austra-
lasian, k dig. to par; and Soottish Australian Invest-
ment,l to I prem.
Cobra shares have been dealt in at 56; General
Mining at 18k ; Imperial Brazilian at 2j; and Lusi.
tanian at 1 prem.