The Express.
London, England, 1852-09-04 00:00:00

MONEY MARKET.

FRIDAY EVIIXINO.
The English funds opened at yesterday's improved
range, but receded towards the middle of the day,
and closed fiat, although there was nothing in the
political or other accounts sufficiently decided to be
deserving of especial notice. An attempt is being
made to revive uneasiness in the public mind with
respect to the American fishery question, but al-
' though timid holders may be rendered less confident,
the feeling in the pacific solution of the question is
now too strong to be easily shaken. Consols opened
1001 to but closed only 100 to 4 both for money
and the account of the Bth. The other home stocks
did not recede to the same extent, and the Three-
and-a-Quarter per Cents., which were in strong de-
mand during the greater part of the day, advanced
to 105, being an improvement on the price current
during the last month. To-day's business list is as
follows :—Three per Cent. Console, for money, 1001,
; ditto, for account, 1001, „L. Three per Cent.
Reduced, 101, /001. -New 'Three-and-a-Quarter per
Cents., 1041, 1,6, 44, Annuities of 30 years,
1859, 64. India Stock, 270. Bank Stock, 229 4.
The unfunded securities show a slightly down-
ward tendency. The March Exchequer Bills remain
quoted 735. to 765. prom.; but in the June bills,
although the price ruled during the greater part of
the day at 68s. to 71s. prem., a purchaser was ac-
commodated at the slightly. reduced rate of 70s.
prem, India Bonds were similarly current at 86s.
to 89.1. prem., but a sale could only be effected at la.
decline, or 85s. prem.
In the foreign house there was an improvement in
Peruvian Deferred and Spanish Bonds, whilst
Grenadian wore also supported at a fractional ad-
vance on previous rates; but Mexican receded to
254, although dealt in in the morning at 26. We
understand the Messrs. Barings hare received
invoices of a further sum of 64,000 dollars shipped
to them, but apparently they have not considered
it necessary to moue the usual notification of
this arrivaL Brazilian Scrip commands 24 prem.
The day's bargains are thus stated :—Belgian
D'our-and-a-Half per Cents., 961. Brazilian Four-
' and-a-Half per Cent. scrip, 24 prem. Chilian
Three per Cents., 73. Dutch Two-and-a-Half per
Cents., 65 ; ditto Four per Cent. Certificates, 99?., 99,
4, 4. Granada One-and-a-Half per Cent., ex Dec.,
1849, Coupon, 24; ditto Deferred, 13, 121' 13, 121.
Mexican Three per Cents., 26, 25a, 4, 4. Peruvian
Deferred Three per Cents., 614, 61, 1304. Portu-
guese Converted Four per Cents., 37, 3. Russian
Four-and-a-Half per Cents., 1044. Sardinian Five
per Cents., 951, 4, f. Spanish Old Three per Cents.,
60, 493, 501 ; ditto New Deferred Three per Cents.,
231, 4.
The Turkish loan was again largely dealt in to-
day, and the price at one time reached 51 prem. In
the afternoon, the allotment was made, and the price
closed 41 to 41 prem., or, more widely quoted, 4 to S
prem. There was an offer of IL per cent. for the
" call" of 20,000/. of this loan, at 5 per cent. prem.
The transactions in miscellaneous shares included
Bank of British North America at 67 ; London and
Westminster Bank, 324 ; Provincial Bank of Ire-
land, 461 ; Union Bank of Australia, 504, 1,4;
Peninsular and Oriental Steam, 854, 85; Itoyal
Steam, 784, 79, 784.
The third instalment on the new Austrian Five
per Cent. Loan, being 15 per cent. on the amount,
fell due on the lit inst.

Bonds of the Cincinnati and Marietta Railway, to
the amount of 100,0001., are offered for negotiation in
this market. This line is being formed with a view
to connecting Cincinnati with the trunk railways of
Pennsylvania and Maryland, which terminate at
Philadelphia, Baltimore, Washington, and New York.
The total capital is 8,000,000 dollars, or 1,200,0001.,
of which it is stated 700,000/. has been subscribed
for in shares,and the balance, amounting to 300,0001.,
is to be raised by mortgage bonds bearing 7 per
cent. interest, redeemable in 1872, and convertible
into ordinary stock at the option of the holder. This
half million has been taken by New York capitalists,
who offer 100,0001. of it here.

The quotations of foreign bills to-day presented
no
essential variation from those of last Tuesday,
and the negotiations were not on an extensive scale.
Short Paris remained at 23.25 to 30 ; ditto 3 months,
at 25.471 to 50. Amsterdam declined again to 12.01
for three months' bills, owinN to the supply being
very small. Hamburg remained at 13.0 to 1, and
Frankfort at 121 to 1. Genoa was dull at 25.60,
and Leghorn at 30.05. St. Petersburg was in de-
mand at 371 to 38, a price rarely paid for the rouble
at three months' date. Russian Coupons of the Eng-
lish Five per Cent. Loan, being payable in London
or in St. Petersburg at ono rouble for 37 pence, ere
of course not presented here for payment, but sent
to St. Petersburg as remittances; hence these con-
are now eagerly purchased at a consi-
derable premium. Austrian paper was again ex-
ceedingly dull. It would appear that whenever the
exchange on London falls to 11.40 at Vienna a re-
action sets in, and puts a stop to the improvement;
at least, such has invariably been the case for the
last two or three years. 'sienna could not be sold
under 12 florins to-day, and Trieste at 12 to 12.4.
The prices negotiated are as follows :
maw. moos stmottated.
Pram To
Amsterdam wit Mart 113. 19 ate. ... 113. ISOM.
flab
MeMordem
TM Haps „ „ 125 4.tv. 125. 1 Mr.
Hamburg sad Adana„ „ 13tres 9 ecel. atom 94 soh.
✓makkel.csAlesMaloe per Ll• „ 1215. Okr. 12145. Okr
per L 1 ,11. 611kr. 12E. Okr.
1211. MM. ... 1211. 44.
****
"„
232 r. 117)e. 23tr.
2314. 47 e. 2310. 324 e.
„
Abort 13tr. 140. ... Mfr. 30a.
„ 3 Moods 1310. ... 3310. Ke.
„ „ Mtr. 4740. 324 e.
„ 2310. 47 e. 3510. 531 e.
„ 2310. 474 e. ... Mfr. Me.
81 Mfr. 47. e. ... 15fr. 32es.
Qom
Leghorn
eAr. per „ 41 pence ... 41i pests
pee oasts 0 123 mace ... 1231 casse
Meeelsa
Madrid per Miler " 4111 penesace ..,
... 49
Ness
c ~m
mesaads
Gunther „ „ 49i peke ... 4 MD
" „ 411 e paw ... 49 emlaa
Seville
Harcelosa " „ 49, prom ... 4 Ness
Bilbao
Lakes me BAPS tt 611491 pePrnesm .. 33. ems
4 MSS
St.
°tart. B3 mace 1
331 NMI
retaretrurs pee ;able " 371 mace ... 71
ere
In the absence of any intelligence of the arrival at
the West Indian and Mexican packet, now overdue,
which is bringing in further supplies of silver, there
i. nothinkt now to notice in the bullion market.
The price of gold yesterday at Paris was about
1 per mills prem. (new tariff rate), which, at the
English mint price of 31. 17s. 101 d. per ox. for
standard gold, gives an exchaog of 25.191; and the
exchange at Paris on London at short being 25.23,
if follows that gold is about 0.218 per cent. dearer
in London than in Paris.

Th
aim&
Obeet
Park
Ditto .....
Bain ... : .
Denbalsz.

According to the last accounts, the course of ex-
change at New York on London for bills of sixty
days' sight is 1101 per cent., and the par of exchange
between England and America being 109 23-40 per
cent., it follows that the exchange is nominally 0.92
per cent. in favour of England. After making al-
lowance for difference of interest and charges for
transport, we find that the present rate leaves a
small profit on the importation of gold from the
United States. Shipments of silver will probably',
also come forward.

The account of the position of the Bank of Eng-
land for tho week ending Saturday, the 28th of
August, is as follows :