The Express.
London, England, 1852-03-09 00:00:00

MONEY MARKET.

MONDAY EVE4I:4O.
Saturday's rates were maintained at the opening
of the English stock market this morning, but sellers
of Consols quickly offered, and prices fell buck 4.
The account appears rather 0 bullish ," and the "con-
tinuation" to the next account of the 13th April
rules at 1-16th. As business during the last month
has been quiet, the adjustment is expected to be
easily effected.
Consols opened 971 to for money and Friday,
but left off 974 to 1 and 971 to 1 for the 13th April.
Business is officially marked as follows:—Three per
Cent. Consols, 071, • ditto for account, 97/, 7.
Three per Ceuta. Reduced, 981, 1, 1. Now Three-
and-a-Quarter per Cents., 991, /, .1, 1. Long An-
nuities, 1860, 7 1-16. India Stock, 261, 260. South
Sea Now Annuities, 961. Bank Stock, 2191.
Quotations of the unfunded securities remain un-
altered, Exchequer Bills marking 625. to 635. prem.,
and India Bonds 725. to 753. prem.
In the foreign house there was a fair amount of
movement. In the earlier part of the day the specu-
lative stocks were fiat, but in tho afternoon prices
were better suported. Chiliun Threes were dealt iu
at 711, but left off wisher. Ecuador Bonds and the
Spanish Committee's Coupon Certificates were both
more freely offered. Mexican, after receding to:121,
closed more steadily, but the full advance of Satur-
day in Venezuelan was not maintained. Itussiun
stocks, on the other baud, were firm. The
figures given in the official list aro as follows :
Austrian Five per Cent. Bonds, 78. Brazilian
Old Five per Cent. Bonds, 98, 971. Buenos
Ayres Six per Cents., 59, 581, 59. Chilian Three per
Cents., 711, 70. Danish Three per Cents., 1823, 771;
ditto Five per Cents., 1021 ex div. Dutch Four per
Cent. Certificates, 92/, 1. Ecuador Bonds 5, 41.
Granada One-and-a-half per Cent., ex Dec., 1819,
coupon, 221; ditto, Deferred, 91, /, 1, 4. Mexican
Three per Cents., 1846, 33; ditto, for account, 16th
March, 321, 1,1, 33. Portuguese Five per Cents.
Converted, 1841, 35; ditto Four per Cents., 341.
Russian Five per Cents., 113; ditto,Four-and-u-nalf
per Cents., 103. Sardinian Five per Cents., 90, 4,
891, 'JOI. Spanish Actives, 25; ditto, Five per
Cents., div. from May, 1841, 214; ditto, Passives,
51, 1; ditto Old Three per Cents, 42 ; ditto New
Deferred Three per Cents., 181, 4; ditto, Spanish
Committee's Certifs. of Coupon not funded, 21, 21,
21 per cent. Venezuela Three-and-a-Quarter per I
Cents., 421, /, 411, 1, 421; ditto Deferred, 181, 4.
Paris advice. notice a reduction in the discount
terms of the Comptoir National, consequent upon 1,
the late movement of the Bank of France. After '
this day the rate of discount is reduced to 3 per I
cent, and on deposits only 2 per cent, per annum
interest will be allowed, instcud of 2 ns heretofore.
The following statement, prepared and condensed
from various official returns, will be found to present '
an intelligible view of the note circulation of the
United Kingdom, and of the coin and bullion held by '
the banks indicated, both positively at the dates of I
the accounts last made up, and comparatively with
the returns for corresponding periods :
The subjoined table gives the aggregate weekly
average of the note circulation of the United King-
dom, as it stood for the four weeks ending the 31st
January, and the 7th, 14th, and 21st February last, 1
being the latest date to which the returns have been
collectively completed for all the banks of issue; and
also the results us compared with the returns for the
previous four weeks ending the 24th of January.
3110. 23, Feb. 21, Increase. Decrease.
Ida. 1652.
Beak a Easlaad.„.„„. 10.301,101 20,40.71: 194,513
Private Maim 3,494,530 3,09,21: ; 10.333
aelet Nook basis
Thews !mood 2%339,105 26,593,260 34,133 —llseduse
Inked 4640,43i. 4,04,155 26,30
(711103‘13111641a. 31.503,153 3440.275 ;4078

Showing an increase of 54,153/. in the note cir-
culation of England and Wales, and a dermas°
of 76,8781. iu the circulation of the United King-
dom when compared with the returns for the previous
four weeks, ending the 24th of January.
On comparing the above returns with the fixed
issues of the several banks, we find the following to
bo the state of the circulation :

The fixed issues of the private banks of England
and Wales being at present, after deducting those
which have ceased to issue, 4,698,075/., it follows
they were below the amount 1,308,854/.
The fixed issues of the joint-stock banks being
3,409,9871., it follows they were below the amount
701,6611.
The fixed issues of the Scotch banks being
3,087,20 W., it follows they were above the amount
91,6601., but with specie in hand to cover the ex-
cess, and issues for 871,4881. besides.
The fixed issucsof the Irish banks being 6,354,4941.,
it follows they were below the amount 1,700,338/.,
with specie in hand to corer issues for 1,257,1751.
more.

We find, therefore, that the note circulation of the
private and joint stock banks of England and Wales
was 2,010,5191. below the amount authorised to be
issued; and that, inclusive of Scotland and Ireland,
the circulation was, on balance, 3,619,207/. below the
fixed amount.

The average amount of coin and bullion held by
the Bank of England in both departments during the
four weeks endwg the 21st ult. was 18,510,25 W.,
showing an increase on the previous month's return
of no less than 827,5701.

The average stock of specie held by the Irish
banks during the same period was 1,257,4731., being
an increase on the return for the previous four weeks
of 46 350/.

The average of specie held 1w the Scotch banks
during the same term was 963,13 k.; increase on the
previous month, 26,537/.
In the item of specie these returns consequently
show an aggregate increase of 900,4771. on the month.
As compared with the corresponding period of
1851, the returns under review show the following
differences in the circulation:

Sex 92, Yea. 21, /.... D.r.se.
1831. 1869.
-- --
C S
Malik of Ealttess4 19,10d 1,119 200 t
99,711 1,383,391
Private beaks 1,473,969' 3,514,917 84,7111
JoittLeteek beaks
.19,919
Total 86 Wand 13,1f0,192. 98,893,980 1,393,088
Scotland
Ireland 4,7.1,031: 4,6168,1 86,9%
Milted Maiden 33,149,469 114326 173 1,276.806

Showing an increase of 1,323,0681. in the note circu-
lation of England and Wales, and an increase of
1,270,806!. in the circulation of the United Kingdom,
an compared with the returns for the correspond-
ing period of 1851.
The yearly comparison of the stocks of coin and
ballionleld stands thus :
Bank of England, more £4,126,588
Irish banks, lera £140,374
Scotch basks, more

7
Deduct Irish banks
150,374
Increase on balance, February 21, 1852

The rapid accumulation of the precious metals
thus shown is a feature of peculiar interest.
The announcement has at length been officially
made that the Lords of the Admiralty have accepted
tho tender of the Peninsular and Oriental Company
for the conveyance of the mails to India and China,
for twice, instead of once a month, as at present, and
likewise, in addition, for the service between
Marseilles and Malta, every fortnight, and between
Singapore and Australia every two months. The
chief subject of regret in commercial circles is, that
tho Australian service is only six times a year.
but it is expected that if the traffic on the line is
found to be large, as will probably be the case, it will
not be long before decided measures are adopted to
meet the demand. The service is to commence on
the lit of January next. The shares of this com-
pany have been in great request to-day, and as they

Iwere scarce in the market, were bought as high as
82. The last quotation is 79 to 81, and for the new
shares 2,5 to 2s.
The amount of bills drawn by the East India
Company on the respective Presidencies of India
from 24th of February to the 6th inst., is as follows :
4,337 0 3 i
21U:we ortelf.ox..c.hranupgeec..
nongal
M..dras
Bombay lOO 0 0 2.. OW. „

Total
The total drafts since May 7th, 1851 (being the
commencement of the East India Company's official
year) are thus raised to 2,413,01 W. 10s. The amount
required by the Company during the year ending the
30th of April, Itis2, is 3,000,000/.
The subjoined calculations show the rate per cent.
per annum yielded by the various English securities
cited at the average of the prices now ruling. Where
the asterisk (*) is prefixed, it is to be understood that
the share rate of interest is less the income tax. It
will be seen that in every case we take the rate of
interest last declared as the basis of our calculation.
To render the results strictly accurate, the pro-
portion of interest which may have accrued since
last dividend period should, en each case, be taken
into account:
fluor per Cent. Oonaols ...... ...... price 973/4 yield per cett..C3 1 0
ruse per Cent. !teemed O4
~O 31 lj
New Three-and-aeQuarter pet relate 09)8 3 3
run) Mork ()lit. at the rate of 74 per
cent per annum)
India Stock (dn. N. per mat. tar an.) 26u
pi, 1 0 9
Esenespor Bills (inc lid. par cent. per 11
East falMn shares, 101. paid (a wan-
852. rm.tted die. 5 per Cent. per annum) 2l
4i/rat Meelernt 4:100 eh. (Me. at dm
Mk of 3 per cent per canton) 1 G
taneseure and Yocksh!ee £lOO
Bteekt.dly. at the rate ta 3 per cent
per earl.)
Landon and hoath Western moan*
(II eltlelea at tbe rate el 3) percent.
per annum).
London ems North Wester" Stock
(By, at the rate of G per cent per
ann.)
Midland 13:ockt(div.atthe natal al per
rat. per Ault.)
OP 1 14 t)
loo's Eastern Stock. *MT. at tits
rate of ni orr an.. per annum.) 2O) ~ 3 3 81
York, Neweattle. and Bernick Stock
(di.. at the rate of 3 per cent per
annum)

2 4 2
4 3 81
6 16 31

n 4 5 8

” ♦ 5 81