The Express.
London, England, 1855-05-09 00:00:00

MONEY MARKET.

- 4.--
TOES DA T EVIMINO.

The English fends again showed a drooping ten-
dency to-day, hut the decline established did not ex-
ceed to per cent., as compared with the final
quotations of yesterday. A fuller supply of stock,
reports pointing to ministerial changes, and the fact
that the failure of yesterday has left some of the
dealers with more stock on hand than they had cal-
culated upon, seem to have chiefly occasioned the
day's flatness. A portion of the new loan, paid up in
advance in anticipation of a scarcity of Console for
the current settlement, is also on the market, and has
assis:ed the unfavourable tendency. It will be remem-
bered that the Chancellor of the Exchequer refused to
allow any discount on payment of the instalments on
the loan in advance, but parties are still at liberty,
in the event of any considerable scarcity of Consols
in the market, to pay in advance, without discount.
On the whole, the market is not without a certain
steadiness of character in face of several adverse in-
fluences in operation at the moment. It is worthy
of remark, too, that the late depression has been
maitly confined to our government stocks, the supply
of which is increased by the new loan. Railway and
other securities have been relatively, and reasonably,
less affected in price, as no addition to the market
supply of these investments is threatened. In fact, a
fall in the government funded debt may take place
cotemporaneously with a rise in other classes of secu-
rities, as is illustrated by the steady advance in In-
dian guaranteed railway shares, to the merits of
which as a medium of investment in the present easy
state of the money market we have on several occa-
sions directed special attention.
_ _

The Paris bourse to-day was steadier, and the
Three per Cent. Rentes closed a shade better than
yesterday. At Amsterdam Austrian stock has de-
clined, whilst Venezuelan bonds are in demand, at
an advance. The other continental stock markets
exhibit no movement of importance.
Consols opened at 882 to 2, fell to 88?, to 2, and
closed at 882 exactly, for money and Thursday next.
The tt oontango" to the next account of the 30th inst.
has advanc.-d to 1-16 to k per cent. The official
business report is as follows:—Three per Cent.
' Consols for money, 884, 2, a 2. a ; ditto for account
10th May, 882, 2,14, a. Three per Cents. Re-
duced, 872, , 4, a. New Three per Cents.,
88, 88k, 874, g, Long Annuities, expiring in 1860,
32 3 13-16. Indio Stock, 231. Bank Stock, 209.

India Roods, 17s. prem. Exchequer Bills were
quoted ss. to ti. prem.
Bueinees iii also recorded in the New Two•and.a-
Hulf per Cents. at 73, and in the newly created 30
Years Annuities at 16 per 11.
The omnium ranged between !, and 1, prem., and
closed at to 5-16 prem.
Foreign stocks exhibited scarcely ■ny variation,
tl.e transactions being limited.
The America has brought in 875,236 dollars, or
about 175,0001., in specie on height.
The Irene has arrived hom Adelaide, whence she
sailed on the 7th January, but is not known to have
any gold on freight.
The Iberia fits taken out .11,5001. in specie to the
Peninsula, 18,6701 of which is for Cadiz, and 22,9301.
for Lisbon.

There was no alteration of much imyortanoe in the

foreign exchanges to-day. Paper on Paris was rather
more inquired for at 12.10, at short, and 20.40, at 3
month., but a present rates there is no demand for
gold for exportation to France. Bills on Hamburg,
on the other hand, met with less demand than on
Friday, at 13.7 t to 7i. On Amsterdam the current
rate was 12. N. The other exchanges presented
little alteration, and the transaction, were limited.
The sales of coffee to-day went off with spirit, and
the coloury sorts of plantation sold at 63. to Is. per
cwt. advance. The sugar sales also went off with
spirit at full rates.
The bar silver brought in by the Atrato was sold
to-day for China at Os. lid. per ounce standard,
being an advance of no lees than d. per ounce on the
price realised for the supply by the previous packet.
The dollars are not yet sold.
The Admiralty will receive tenders on the llf

instant for the cOnveyanco to Heligoland of 1,305
tone of Ordnance stores, coneistiog of huts and
articles appertaining to them, asphalte, felt, tar, and
23 tone of timber.
The Oxford, Worcester, and Wolverhampton Rail-
way and Eastern Union Railway Companies are
offering 5 per cent. per annum interest for loans on
debentures.
The amount of bills drawn by the East India Com-
pany on their respective presideteier, from the 23th
ult. to the Bth inst. (this day), is as follows :
s. tl. Rate of Exchange.
Bengal 14,205 7 1 1 24.
2.1.
Madras 2,912 17 9 j per %Ampany, a rupee.
Bombay 4,0155 8 4 2s. 21,1. per dabs.
al ti die; Total

HO 111
101 HO I
3 is
psi! •••• Plll

The directors of the London and South Western
Railway have made a call of 61. on the new 501.
shares, and 41. on the new 401. shares (created in
1645), to be paid by the 4th June.
The annual meeting of the lonian Bank proprietary
is called for the 31st inst.
The receipts of the Stockton and Darlington Rail-
way for the month of April were 26,0501., being
4,5041. more than in April last year.
The market for land and bank shares remains
steady. The stock of the Electric Telegraph Com-
pany and the new shares of the Peninsular and
' Oriental Company were better. Crystal Palace
shares have declined to 3,1 to 3i. Victoria Dock new
shares have been dealt in at 9 (101. paid); General
Screw Steam at 141 to ; and Royal Mail Steam at
169; to f.
The colonial wool sales, which commenced on the
3rd inst. progress very steadily, the opening prices
being fully supported. The sales will extend to the
25th lust. The importations into London for April
' were 14,219 bales,lnto Liverpool 4,180 bales, and into
Hull 162 bales. These figures include every de-
scription of foreign and colonial wool.
The commencement of the indigo sales is thus no-
ticed by Messre. H. W. Jewesbury and Co. :
We beg to inform you that the quarterly sales of indigo
commenced this day, consisting of 10,989 chests (including
6,322 cheats of old goods, bought in at, or withdrawn from,
former sales, and 1,319 chests in second hands). The sale
opened flatly, with several parcels of old goods of former
sales, consisting of Madras, Kurpab, and a mark of Bengal;
these wero mostly bought in or withdrawn at about last sale's
rates. As the sale progressed, and where new goods were
offered, there was more spirit, and good and fine consomme
qualities met with fair competition at last sale's rates, to 3d.
and 4d. per lb. advance. For good and good ordinary Kur-
pab there was also a fair demand at par to Id. per lb.
higher • good Oudes commanding about the same advance.
For ordinary Madras there was no demand, and they were
mostly bought in at par to 2d. per lb. lower; the good mid-
dling qualities were rather higher. Fine Bengal ruled
about par. The attendance of buyers, both home and
foreign, was moderate. 1,218 ants have pasted to-day, of
which 280 chests were withdrawn, 455 chests bought in,
leaving 483 chests sold.

With reference to the silk market, the monthly
circular of Messrs. Durant and Co. observes as fol-
lows :

The improved state of the market reported on the sth ult.
continues. Without any particular feature for comment,
considerable business has been done during the month, irs-
portsn gerevaly being content to realise without attempt-
ing further improvement of prices. In China silk the de-
mand has been almost exclusively for the lower and mediae
claors—small as the supply is of the best class, it seems
fully 'qui! to the present requirements of the trade—a
strong symptom, we fear, of the unfavourable result of their
operations—still they go on, the deliveries marking large i
consumption ; export, however, still continues to take a
considreeble portion. Cbioese thrown silk remains at
14s. 61. In Bengal silk the market has been quiet; filature
silk h.., been almost the cnly tning rold, and this at pre-
vious priers, but not to any great extent. In Italian silk
nothing new. The market is very ill supplied with any-
thing of useable elate. In Brutus a few bales Italian reel
are taken occasionally. In Penton silk we have an arrival
a AO balloie, bat go WM.