The Express.
London, England, 1855-05-30 00:00:00

MONEY MARKET.

TIIIIIDAY EVIN/110.
The English stock market to-day, though not
active, retained an upward tendency, owing chiefly
to the steady invt stments which are prompted by the
abundance of money. Prices clotted to-day 1 per
cent. higher than yeiverday. The broker who acts
for the Bank ot England has appeared as a buyer of
government securities to some extent, and although
these operations are regarded in some quarters as
diminishing the probability ot a speedy reduction in
the Bank's rate of discount, the absorption of stock
is accelerated. The rapid influx of bullion, moreover,
is calculated to render the money market still easier.
Throughout the Stock Exchange we continue to
notice a marked increase in the demand for invest-
ment, whilst speculation for higher prices is at the
same time more boldly entered upon, waisted by the
hope of further eucersatli in the East.
At Paris to-day the Three per Cent. Rentes expe-
rienced a rise ot fully 1 per cent. Yesterday was
observed as a holiday on the other continental
markets.

Consols opened at 911 to 92 for money and to-
morrow's settling, and steadily advanced, cloning at
921. The "contango" for the new account of the
10th July has advanced to per cent. At half-past
tour Consols had further advanced to 92; to 1 for the
10th July. The estrangements for the settlement of
the account engaged some attention. The value of
money in the Stock Exchange is about 2 per cent on
government securities. fhe official business report
is as follows : —Three per Cent. Commis for mosey,
92, 924, 911. 9'2.1., 9.21, k; ditto, for account, 30th
May, 92, 921. Tone per Cents. Reduced, 911, 91,
911. New Three per Cents., 911, 911, 92. Long
Annuities, expiring in January, 1860, 3 15.16;
Thirty Years' Annuities. October, 1859, 3 11-16.
India Stuck, 234, 236. Bank Stock, 2081, 209).
India Bonds, 19% prem.
The March Exchequer Bills have risen to 16s. to
20... prem., and the advertised issue to 6s. to 9e. prem.
'fte New Thirty Years Annuities were dealt in at
161 and 16 11-16 per li. The Orunium ranged during
the morning between 4 and 41 prem., and was last
quoted 4 prem. exactly.
In the !orris° stock market the absorbing feature
was a further rise of no lees than 2! per cent. in
Turkish, which continues in great speculative favour,
owing to reports referring to the anticipated assist-
ance of the British and French governments. The
opening quotation was 791 to 1, from which the
market advanced steadily to 821 to 1, the quotation
current at the close of the house. This price
is equivalent to 21 to 21 prem. Subsequently
the upward tendency continued. Sardinian stock
rose 1 per cent. Other descriptions were steady.
Further large quantities of gold were to-day sent
into the Beek of England.
The foreign exchanges this afternoon showed
stead Less, and the rates were generally quoted the
same as on Friday. The only feature was a slight
decline in the rate on Amsterdam. The transactions
were limited.
The Island Home has arrived from Port Phillip,
whence she sailed on the 12th February, with
2,620 ounces of gold, worth about 10,5001. The
Marchioness of Londonderry has also arrived from
Sydney, with dates of the 17th February, but is not
known to have any gold on freight.
The Iberia has taken 49.0641. in specie to the
Peninsula, of which 19,0901. is ter Cadiz, 27,974 L for
Lisbon, and 2,0001. for Oporto.
The Admiralty will receive tenders on the 29th
instant for the conveyance of stores to Gambia, Sierra
Leone, Cape of Gatti Hope, Mauritius, Sydney, Ho-
bart Town, New Zealand, Halifax, Honduras, Ber-
muda, Bahamas, Jamaica, Barbadoes, and Adelaiele.
With the increase of speculative petreherea in the
railway share market, the "making up" to-day has
led to somewhat higher rates of "contango than
were current at the last settling. The rates as yet,
however, are far from onerous. Subjoined is our
renal statement of the terms generally current at the
close of business:
Great Western • 1.16 to contango.
London and North Western
Midland
Lancashire and Yorkshire
Doyen l-16 to ditto.
Great Ndreheras -32 to 3 32 ditto.
Berwicks 5 per cent. to Is. do.
York and North Midland -16 to ditto.
Caledoaians -32 to 5 32 oitto.
locludiog molasses, which are reunced to sugar at
the rate of eight of the former to three of the latter,
it follows from a practical abstract of the official
Board of Trade tables, that the total imports into the
kingdom for the twelve months ending the sth May
were 459,428 tons, against 416,896 in the correspond-
ing period ending in 1854, and 375,985 tons in
1853 ; whilst the quantity on which duty has been
paid is 470,210 tons this year, against 393 920 in
1854, mid 377,964 in 1853. It is computed that
some 25,000 tons of the quantity duty paid this year
have not yet gone into consumption, the duty having
been paid in anticipati9n of the increase of the rates.
The above figures for 1855, it may be mentioned, ex-
tend only to the 30th April.
Australian Laud shares to-day were firmer. Aus-
tralian Agricultural rose 21. Bank shares were steady,
but Oriental Beek stock declined 11. The shares in
the new City Batik are quoted 1 to 3 prem. Oriental
Gas shares command Ito 1 prem. East and West
India Duck stock was dealt in at 1191; London
Dock, at 1001; Australian Royal Mail, at 4 ; General
Screw Steam, at 14 ; and Netherlands Land, at 11
to 11 (51. paid). Royal Mail Steam shares rose 11.
The halt-yearly dividend of 11. 66. per share (being
at the rate of 10 per ceut. ter annum) is to be pay-
I able on Oriental Bank shares on the Ist June.
Relative to the freight market, Messrs. Offor and
Gamman report as follows:
An abundant supply of tonnege has occasioned great
weakness in the freight market, and in coal charters a con-
siderab:e reducuon in rat.s tiss beea submitted to. Upon
an ge the fall is equal to 3.. per ton since this day
week on shipments to the Medtivrreoeito, Adriatic, Boa-
chorus, and Black Bea. Tne present rates current are—
From Cardiff to Malta and Al.:et:ldris, 305.; Bosphorus,
40'.; Blank See, 50.., for reedy ships; and for use other
puma in presentee.
In the Eot li.die trade irq.siry for tonnage bnotewerds
le more active, chi.By Inc rite coignes—From Aayeb, at
87s. 64. to Ltverpool ; 90.. t.. 92. 44., United Kingdom;
Rangoon, 90s to Liverpool; 92 6d. to 95. United K ng•
dour ; Merolla, 80s. ; Ceb one, 92.. 6d. to 95..., &c. Tat
rate for ono, outwards o stinue. 'vet low.
Austrslisn trei.thte ere ith..ut sit, retion—eznorts being
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the week areiseg
classified :

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