The Express.
London, England, 1855-02-03 00:00:00

MONEY MARKET.

FSIDAT Evmruro.
The confirmation of the Earl of Derby's inability
to form a ministry, coupled with the announcement
that Lord Lansdowne had been sent for by her Ma-
jesty, caused the English stock market to open this
morning with an improved appearance, and the
upward tendency subsequently grow more decided,
as it became evident that the supply of stock in the
market is the reverse of abundant. Prices closed at
almost the best point of the day, which represents a
rise of i percent. since yesterday. The circumstance
that the sales on government account appear to have
been suspended during the last day or two was
referred oas having a favourable influence. Pend-
ing the formation of a new cabinet, however, the
transactions are limited.
Considering the near approach of the 4th of the
month, the money market to-day has been com-
watively quiet. In the Coasol market money can
be obtained at 3 per cent.
The Paris bourse to-day showed buoyancy, and
the French funds closed fully I per cent. higher
than yesterday. At Vienna also a lees anxious
feeling is indicated by a decline in the exchange on
London from 12.19. to 12.16, bat the premium on
gold remains as high as 314 per cent., and that on
silver at 27 per cent. The other continental stock
markets are quiet, but fairly supported.
Consols were first marked 911 for the Bth Feb.,
and advanced gradually to 91k to 4, which was the
quotation at the close of the house. Subsequently
there were sellers at 91 9-16. The " contango" to
the new account of the Bth March was 3-16th per
cent. The official business report is as follows :
Three per Cent. Consols, for money, 91i, 4,4, I ;
ditto, for account, Bth Feb., 911, 4. Three per
Cent. Reduced, 911, 1, a, a, a. New Three per
Cents., 914, 921. Bank Stock, 212. India Bonds,
14e. prem.
Exchequer Bills remain quoted 4s. to 7e. prem.,
and Exchequer Bonds, 991 to 4.
Foreign stocks were quiet but firm.
The foreign exchanges were rather lower this
afternoon as regards Paris and Hamburg, paper on
these cities meeting with more demand, whilst the
supply was short. The transactions were limited,
as is usually the case at this period of the year.
The demand for gold for exportation to the conti-
nent continues limited, and it is computed that three-
fourths of the gold duet brought in by the steamer
Calcutta has been sent into the Bank. The absence
of any decided and sustained improvement in the ex-
changes, however,,is calculated to prevent our retaining
the whole of the gold imported.
The corn market to-day was a trifle dearer. In
some cases an advance of 2s. per qr. upon Monday's
rates was obtained, but little business was done.
The Admiralty will receive tenders on the 6th inst.
for the conveyance from the Thames of 190 tons of
salt meat to Gibraltar, 160 tons to Malta, and 220
tons to Corfu.
Hamburg letters of the 30th mention that the com-
munication seawards continued completely closed.
Litte business was going forward in produce. Wheat
was quoted 2s. per qr. lower. Exchange on London
was flat, at 13.11, with little paper offering. Money
waseasatthel
o low
of the
rate 23er
cent.
oP
At themeeting proprietary of the Royal
British Bank to-day the report of the directors
was adopted, and a dividend at the rate of 6 per cent.
per annum was declared.
The directors elected at the meeting of the London
and County Joint Stock Bank proprietary yesterday
were Meson. J. A. Durham, F. J. Law, and John
Sadleir, M.P.
The following meetings are announced—viz., of
the Chartered Bank of Asia proprietary (extraordi-
nary) for the 23rd inst. ; of the London Cemetery
Company for the 14th inst., at which a dividend is
to be declared ; of the Irish Peat Company for the
14th inst.; of the Equitable Gas Company (extraor-
dinary) for the 20th inst. to elect a director; of the
Great Northern Railway Company for the 28th inst.
(transfer books to be closed from the 10th to the
28th inst., both inclusive); of the Boston, Sleaford,
and Midland Counties Railway Company for the
16th inst. ; and of the East Kent Railway Company
1 for the 23rd inst.
An ordinary and extraordinary meeting of the
shareholders of the Western Railway of France is
also to be held on the sth March, at Paris.
The Australian Agricultural Company's shares
were again flatter to-day, and Scottish Australian
Investment were also more offered. The Canada
Company's stock, however, was again rather higher.
In the shares of the London Joint Stock Banks
numerous transactions take place, generally at im-
proving prices, owing to the large dividends lately
declared. London Dock stock has been dealt in at
102 to; ; St. Katharine Dock at 88 ex div.; Berlin
Waterworks at 21 (61. 10s. paid); Peninsular and
Oriental, old shares, at 55 to i; and Royal Mail
Steam at 61.
The return of the Bank of England for the week
ending Saturday, Jan 27, when compared with the
previous return, shows the following results :
Circulation issue
Circulation active 19,782,976 Decrease 262,645
Public deposits; 2,897,554 Increase 640.427
Other deposits
Government securities in
banking department 11,628,652 Decrease 109,069
Other securities in banking
department
Coin and bullion in both
departments
Seven day end other bills 1,003,510 Decrease 36,073
The Rest
The Reserve (via., notes
and coin in banking
department)
The subjoined exhibit* the extent of the week's
variations at one view :
Public deposits
Other deposits decrease..
Notes and bills in circulation
decrease..
Rest increase.. 8,779
On the other side of the account:
Government securities; decrease .. 109,069
Other securities
Coin andballion increase ..