The Express.
London, England, 1852-02-25 00:00:00

MONEY MARKET.

THIS DAY.

Two o'Ctosl.
Though speculators show little tligposition to enter
upon extensive operations, the Englisii btock mar-
ket is characterised by more steadiness to-day, and
prices are maintained at a rally of In view
of the abundance of money, and the large arrivals
of specie, the " bears" are deterred from entering upon
a combined movement, and th:is the unfavourable
anticipations generally entertained in connection
with the several appointments now being wide in I
the various administrative departments, are neutral-i
lard.

Consols have been steady all day, at 97) to ),
being a better than they left off yesterday. Another
purchase of this stock has been etfeetea on account
of the Sinking Fund. The official business state-
ment includte:—'fbree per Cent. Consols, 97a, ;
ditto for account, 971, Three per Cent. Reduced,
971„ 98 ; New Three and-a-Quarter per Cents., 99 I„).
Long Annuities, 1860, 7 1-16, ; ditto 30 years',
18.19, 6 13-16, ; ditto, 1860, 6 13.16, ). Bank
Stork, 2184, ).
Exchequer bills meet with a quiet business at yes-
terday's range of 60s. to 635. prem. In India Bonds
scarcely anything is doing.
Today being continuation day in the foreign Omit
market arrangements are in props for The settle-
ment of the account now current. Peruvian Bonds
again mark 100. The market is steady, with Mexi-
can Bonds at 32) to 33. Eqllador have not rallied
to the full price they lately attained, much disoon-
ragement having been created by the Job
lately perpetrated, and parties looking out for
the formation of a new committee. The fol-
lowing are the transactions as yet officially reported:
Belgian Bonds, Two-and-a-llalf per Cents., 90.
Brazilian Bonds, French per Cent., 96. Equador
Bonds, 4'4,1. Grenada, One-and-a-Half per Cent.,
ex Dec., 1819, Coupon, 21 ; ditto Deferred 8).
Mexican Bonds, 'three per Cent., 321„ 33. Peru-
vian Bonds, Five per Cent., 100 ; ditto Deferred,
49. Portuguese Four per Cents., 331, 33. Sardinian
Bonds, Five per Cent., 891. Spanish Old Three
per Cent., Bonds, 41)- ; ditto for account, 441.; litto,
Committee's Certificate for Coupon nut funded, 14
per cent.
The death of the Queen of Madagascar will by
many be received as a trivial occurrence, though it
is in fact one of importance. By this event, as by
that of the late King of Siam, an exclusive and ob-
structive policy is abolished, and under a liberal suc-
cessor there is every prospect of a fertile country
being thrown open to our trade. The advancement
of Madagascar now seemingly unchecked will influ-
ence not only the Mauritius and Natal, but will be a
means of creating trade on the Attica(' east coast, so
long lost sight of by the commercial world.
Thu Portuguese monopolists have yielded their
supremacy in presence of the Imam ot Muskat, the
slave trade has fallen before our own cruisers, the head
waters of the great rivers of that continent have be-
come known to our explorers, and a period has
arrived when a new world, possessing great natural
advantages, will be opened to our enterprise.
The quotations of foreign exchanges were rather
higher Teecrday, bills being more plentiful than mo-
ney, owing to improved rates from several continental
bourses. Short Paris was negotiated nt 23.30 to
321; ditto, three months, at 25.47; to 50. Holland
was much offered at 126., and done as high as
128.01 to a. There was some demand for Hamburg,
but bills preponderating, the rate rose to 13.10) to
11. A similar movement necurred with respect to,
bills on Italy, Spain, and Portugal, which were se-
verally a shade in favour of bayers. The transac-
tions in Austrian paper were insignificant; the rate
on London has again risen on the other side, but bills
on Vienna being is request to some extent here, the
previous rate uf 12.3 G to 40 was maintained.
The bullion market is without particular change,
being bare of supplies till the arrival of the West
India packet now looked for. The only movement is
in the parcels of American gold, which continue to
be received at Liverpool by the successive packets,
and which find their way quietly into the Bank.
The present quotation of American gold eagles is
3L 16s. 21d. per ounce ; but this coin is always
melted, and in this shape the price rules at 31. 178.9 d.
per ounce standard.
The correspondence between Mr. Peabody and the
Bank of England has been the subject of some dis-
cussion, and the latter seem fully justified in the
course they have pursued in declining to take bul-
lion under standard so long as the Mint declines to
take it from them. The commission of lad. per oz.
is not certainly so lucrative that the Bank can fairly
be held bound in the present time to take bullion of
all assays, and to run the risk ef making what bar-
gain they can with the Mint fur its reception. If
any party is in fault it meet be the Mint, and Mr.
Peabody s course seems to be to tender his bullion
to the Mint. The question raised by that gentleman
is a grave one, and in the interest of this country,
as the great bullion market, and with the prospect
of the increasing importance of this trade, by the
supplies from California and Australia, it seems de
sirable that a satisfactory arrangement should be
made. In suggesting that Mr. Peabody shall
tender his bullion, or a portion of it, to the Mint, we
are well aware that such a step cannot in the urdi-
nary course of trade be at all satisfactory to the
merchants importing bullion here, us compared with
the old practice of sending it to the Bank of Euglanc
t3LLSII YU 211,4.—T414 DAT.
flint Stork 214 1 Lot,; 146
3 per Ct. Ite•lavi P7lll to :la SL•ek,'-id
MnstitY.4'744., ;it& It Ditto tkpolLLt6.ll, 73.
971 Ezehequer 1.13.64. 0.. 63..
31 par Ctt Cotleuss. PPI
41 per et. 114,1 v,, Pe 2
S per UP. lirmktn, PS 7
Sin. New, P 4
6 perCL i:.1110.1 A, v.. 5153
6 per (.1. I 1.6.A1, 163 1.4
3 {.at U. ut. 4 6
per GC. I) utell, 74 73
II 4 per CL PuteL.lper Ct. CuLt, 214411 21
Nquatior. ,t t
1 per ULtlruparta. '3ll 11
it...,Jusies. s per

rontaa:

3 twr rt. Mest...to. 373 3
6 per Ct Patu‘iat, 14 1001
Ditto Iteferred. 49 :el
per Ct. t,tguu—, 41
144. CL It tur.4.44.. I'3 JO
4 Ct. 11U044.L1k/14
tter mpfutt.4l, Acuttl, :31 4
Stwr Ct. Sittottalo. 414
Vatttive. t I
20 it. r Cl. VC11,1111.11%. ?6 Ff
Ittferrt.,l.l44 144
mat.. 63 1010.

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