The Express.
London, England, 1855-04-28 00:00:00

MONEY MARKET.

FRIDAY Evisme.
The English funds opened more firmly, and at
one period of the morning attained an advance of
per cent. ; but in the afternoon heaviness prevailed,
owing to some large sales, coupled with unfavourable
reports relative to the progress of the bombardment
of Sebastopol, and to the intentions of Austria. The
sales consisted partly of Cranium, and were stated to
be on account of the Commercial Bank of Scotland.
The rise in the price of corn was also referred to as
having an- unfavourable influence. After a total fall
of i per cent. from the highest point of the day,
prices closed with a steadier appearance, but still 11
prr cent. lower than yesterday. Extreme anxiety is
expressed to learn the tenor of the official telegraphic
intelligence from Sebastopol. Money continues very
abundant, and in the Stock Exchange the rate on
government securities is nominally only to 2
per cent.

The Omnium was dealt in in the morning at tto a
prem., but the sales above referred to were effected
as low as / prem., and the closing quotation was
8-16 to 5-16 prem.
At Paris to-day the closing quotations of the Three
per Cent. Ranks were a trifle below those of yester-
day, bat the bourse was reported by telegraph as
favourably affected by a report that the Emperor will
not go to the Crimes. At Vienna a sensible rally
has taken place, prompted, doubtless, by the reports
which have been set afloat that the negotiations are
not entirely at an end. The exchange on London
has fallen from 12.26 to 12.21.
Console opened at 89 to 1, advanced to 891 to 1,
receded to 881 to 1, and closed at 881 to /, for money
and the 10Ih May:
Foreign securities continue neglected, but prices
are fairly supported.
There was again a good demand for wheat to-day,
and prices were quoted about 35. to 4s. per quarter
higher than last Monday.
The foreign exchanges this afternoon did not fully
maintain the more favourable rates lately established.
Bills on Hamburg were negotiated as low as 13.8 ;
on Amsterdam at 12fl. to 12.01; on Paris at 25.421
to 45, at 3 months ; on Frankfurt at 1191 to :; and
on Vienna and Trieste at 12 45 to 50.
The sales of sugar to-day went off with good
spirit, and the Bemires kinds were rather dearer.
Mercantile letters from St. Peterburg, dated the
19th inst., quote the exchange on London at 361 to
d. 1,000 casks of tallow had been taken, princi-
pally amongst the Russian dealers, at 116.41 for
August delivery, but partly at 120 ro., with a forfeit
of I/ ro., if not taken when delivered.
The injunction which hes been obtained restraining
the London and South Western Railway Company
from paying dividends until certain lines now in
abeyance be completed he.s caused a decline in the
price of this company's stock, and led to flatness in
the railway share market generally.
The Emigration Commissioners will receive tenders
on the 3rd of May for the hire of two ships, to pro-
ceed respectively to Geelong and Sydney, and to be
ready to receive passengers between tte 19th and
26th of June.
This was " making-op day "in the railway share
market, but the outatauding epuculative transactior

_a of limited amount. Stock. appears to be in mode-
rato supply, aad light rah. of " continuation " (or
interest charged for carrying over to the new account)
generally prevailed. We give below the rates cur-
rent at the opening of business, as near as they can be

stated : -
Great Western
London and North Western
Midland
Lanca,hire and Yorkihirc" to ditto.
Dover" l-32 to 3 32 ditto.
Great Northern' -32 to 3-32 ditto.
Berwick' 1.32 to 3-32 ditto.
York and North Midland -32 to 3-32 ditto.
Caledonians -32 to 3.32 ditto.
Lod and Bank shares were steady to-day, but the
Canada Land Company's stock continued to show
flatness. Crystal Palace shares have declined to
3 3-16 to 3 3-16. East and West India Dock stock
has been dealt in at 119 to 1191; Peninsular and
Oriental at 611 to a; and Submarine Telegraph scrip
at j die.
The return of the Bank of England for the weak
ending Saturday, April 21, when compared with the
previous return, shows the following results :
Circulation issue
Circulation active 20,22,
863 D
16.11,965
Public deposits 4,440,664 Increase 1,730,024
Other deposits
Government securities in
banking department 14,274,373 Increase 600,660
Othersecuritiesin banking
department
Coin and bullion in both
departments
Seven day and ether bills 928,357 Decrease 19,364
The Rest
The Reserve (via., notes
•
and coin in banking
department)
The subjoined exhibits the extent of the week's
variations at one view :
Public deposits
Other deposits decrease..
Notes and bills in circulation
decrease..

1,214;49

hest
On the other side of the account :
Government securities increase ..
Other securities decrease .. 233,626
Coin and bullion increase ..

600,660

Total
Some of the changes here exhibited are traceable
to the government loan of 16,000,0001. The large
increase of 1,730,0241. in the Treasury balances must
be partly due to the payment of the deposit on the
loan, which was effected by Messrs. Rothschild on
the Friday, and amounted to 1,600,0001. But it
mast be inferred from the further large increase in
the " government securities " that the Chancellor of
the Exchequer has again borrowed freely of the Bank
on deficiency bills. The total increase in the govern-
ment securities duriog the last three weeks is no lees
than 2,693,3061. This indicates sufficiently the great
pressure on the Treasury, which, merchants will
complain, ought to be better provided, by loan
or otherwise, instead of borrowing to this
extent of the Bank, and thus checking the otherwise
declining tendency of the rates of discount. That
the public go for accommodation elsewhere than to
the Bank is indicated by the steady decrease in the
" other "or private securities. The decrease in the
private deposits is mainly due to the payment of the
deposit on the loan. The steadiness of the Bank's
stock of bullion is a favourable feature.

BANK OF ENTOLAND.—An Aocc
Bth Vie., c. 39, for the week endt
11.6 C• DIN
Notes %ma 598,3Z2.390

:ount, pursuant to the Act rtb and
Mg on Satuniny, April 21.16.53.
PA STWINT.
Government Debt..... 111.016.110
Other Securities . .. 2,964.909
UM Coin and Bullion 14.372,
i Silver Bullion ........

Proprtetote. Capital 514.613.000
Beet
Pu Da
blic wdle Uncle&
Farbeg., Sex Hindu,
Commas. of National
Debt, sad Dlv. Aorta.) 4,450,04
Other Liocdte
Seven-day sad otherßille 943.367

FAILTMI32.

- -
Government Securithls
(laded. Dead Weight
Annuity) A14,274,373
Other Securities
Notes ......... 8.081,424
Gold and Silver Coin 0e3,:10

Ap6ll 26, 1866

£36.07P
11111119/IALL, Chid Oratt}s,

THIS DAY.—Two o'CLocn.
The English stock market has shown more firm-
ness to-day, but an advance of per oent., which
was temporarily establish,,d, has not been main-
tained to the present hour. Prioes are now quoted
the suns u they eloaed yesterday. Very little
business is going forward. Consols have ranged
between 881 and 89/, and are now quoted 88/
to for money and the 10th May. The omnium
noted 6-16 to 7-16 prem. The Three per Cent.
have been dealt in at 871 to / ; the New
Three pal Ceuta at 881 to I; the New 30 years'
Ansa, at 16 3.16; Faahequer Bills, at 46. to 7e.