The Express.
London, England, 1855-03-29 00:00:00

MONEY MARKET.

WIDNISDAT EVININO.
The English stock market showed renewed flatness
this morning, and at one time a decline of I per cent.
was established ; but a rally took place in the after-
noon, and the closing quotations were only per cent.
lower than those of yesterday. Sales of stook con-
tinue to be made by the government broker, and
money thus remains in demand in the Stock Ex-
change at 3to 31 per cent. In the discount market,
however, great ease prevails, and accommodation
can be obtained on first class paper at 41
per cent. The recovery of the afternoon
was chiefly attributable to a report that
the Finance Committee of the Bank of England

have recommended a redaction in the rate of dis-

count. The tendency of the money market is evi-
dently in this favourable direction, but it remains to
be seen whether the Directors will deem it advisable
to await the result of the momentous deliberations

now pending at Vienna before they take a decided
step. The belief entertained that the Allies, at the
instance of Austria, have consented to waive the dis-

mantling of Sebattopol, is regarded as, to a certain
extent, favourable to the chances of peace; but a
brief adjournment of the Congress appears in some
quarters to be considered probable, with a view to
give the Russian government opportunity to consider
the conditions which are insisted upon by the Allies
with reference to the maritime command of the
Black Sea.
At Paris to-day the French funds closed a trifle
higher than yesterday. The other continental stock
markets continue steady, but very inanimate.
Consols for the 11th of April opened at 921 to 1,
advanced to 921, receded to 921 to j, rose to 93 to 1,
and closed at 921 to 93. For money the closing
quotation was 921 to 1. The official business report
is as follows:—Tree per Cent. Consols, for money,
921, / ; ditto, for account, 11th April, 921, :, 1, 93.
Bank Stock, for account, 214. India Bonds, 13s.
prem. Exchequer Bills remain quoted 6a. to 9s.
prem. ; and Exchequer Bonds, 991 to 1.
Foreign stacks met with more linguae, but the
variation in price was mainly confined to Turkish,
which, after declining to 791 to i, owing to a full
supply of stock, closed at 80 to 1. The " contango "
lon this stock for the new account of the 16th April
was 1 to 1 per cent., but this includes income tax on
the dividend due the 10th April. Sardinian Bonds
remain firm. Venezuelan continue to meet with
speculative inquiry.
The corn market to-day war dull, at the slight re-
duction established on Monday.
The Retriever, from the west coast of Africa which
has just arrived, has 3,000 ounces of gold on freight,
worth about 11,0001. The Madrid has taken out
about 70,377!. to the Peninsula, 32,1371. of which is
for Lisbon, and 38,2401. for Cadiz.
The Admiralty have ordered the following vessels
to be surveyed, previous to engaging them as store
ships at various places—viz., the Lelia, to be sta-
tioned at the Bahamas ; the Berbice, at Barbadoes;
the Gleam, at Cape Coast Castle ; the Emma, at
Simon's Town, Cape of Good Hope; the John King,
at Algoa Bay, Cape of Good Hope; the Osprey, at
Corfu; the Blonde, at Gambia; the Electric, at Gib-
raltar; the Elizabeth Moore, at Halifax; the Age-
norm, at Honduras ; and the Caroline Elizabeth, at
Trincomalee.
It appears from the Paris advice, that a bill has
been presented to the legislative body authorising
the inscription in the great book of the public debt of
'Four-a-Half par Contend Threrper Gut. Rents. td
the amount of 9,541,615 francs, or about 381,6004
over and above the late loan of ten mil-
lions sterling. The explanation of this is as follows :
After accepting in full all subscriptions representing
10 kenos of rente, it was found that the amount to
be allotted to each party subscribing for a sum not
exceeding 500 francs would be only 290 francs.
It being thought more convenient to raise each of
these allotments from 290 francs to the round num-
ber of 300 francs, the total amount of the loan becomes
509,541,615 francs.
The outstanding transactions in the railway share
market continue very limited in extent, but the
" making.up" to-day shows that the balance of spe-
culation is in the direction of higher prices. The
rates of "continuation" consequently advanced during
the day. London and North Western stock is espe-
cially over-bought, and the "contango" at the close
was as much as 1 per cent. On Midland and Lan-
cashire and Yorkshire stocks the dealers were givers
of 1 "contango." Great Western stock continues
about " even " whilst Caledonians commanded 1-16,
and South Easterns 1-16 to k" continuation." The
latter were fully supplied. Annexed is our usual
statement of the rates at which the "carrying over"
has been generally conducted :
Great Western -16 backwardation
to 1-16 contango.
London and North Western -16 to 3-18 fronting°
Midland -16 to 3-16 ditto.
Lancashire and Yorkshire 1 to 1 ditto.
Borers l-32 to 3.32 ditto.
Great Northern§ -32 to 3-32 ditto.
Berwick. 1.32 to 1-16 ditto.
York and North Midland
Caledonians
Land and bank stocks were steady to-day. The
Canada Company's shares were not affected in price
by today's meeting. The Electric Telegraph Com-
pany's shares were weaker. Crystal Palace shares
have advanced to 31 to st. London Dock stock has
been dealt in at 1011; General Screw Steam, at 15/
to 16; Peninsular and Oriental, at 57; and Penn-
sylvania Central Railroad first mortgage bonds, at 89.
Annexed are the latest quotations of insurance,
canal, and ether miscellaneous shares, u given
in the Stock Exchange Liat :—lnsuranoe shares:
Alliance Marine, 361; Alliance British and Foreign,
16 ; Atlas,l9; Church of England, 31 ; City of Lon-
don, 21; British Commercial, 7; Crown, 171, 1;
Eagle 61, 61, 1 ;Equity and Law, 51; English and
Scottish Law Life, 41; General,sl ; Globe, 1221, 123 ;
Guardian. 641; Indemnity Marine, 651, 68 ; Impe-
rial Life,lBl ; Law Fire, 41; Law Life, 66; London,
291; London and Provincial Law, 21, 1 ; Legal and
General Life, 51; Medical, Invalid, and General
Life, 31 ; Minerva, 51; National Provincial Life, 11;
ditto, Fire, 11; New Equitable, 1; Provident Life,
39 ; Professional Life, 1; Palladium Life, 31, 3 ;
Rock Life, 71, 1 ; Union, 250, 265 ; Victoria Life, 51.
Canal shares: Brecknock and Abergavenny, 60;
Birmingham,9lrby, 84 ; Coventry, 209; Grand
Junction, 50, 491, 611, 491; ditto Guaranteed 8 per
cent., 13; Gran Surrey, 48; Grand Union, 121;
Leicester, 59; Leicester and Northampton, 281;
Loughborough, 575 ; Macclesfield, 511; Meath, 150 ;
Oxford, 107 ex div. • Stafford and Worcester, 425;
Stourbridge, 286; Peak Forest, 88; Regent's, 151;
Rochdale, 80; Severn and Wye Canal and Railway,
28; Warwick and Birmingham, 20; Warwick and
Napton, 10; Worcester and Birmingham, 25, 24.
Gas and Coke Companies: Bntish Provincial,
20; Brighton, 14; Equitable, 291; Great Central;
111; Imperial, 102 ; ditto New, 161; London Par-
liamentary Preference, 25; Pilau= 2s' ex div.;
Ratcliff, 70; United General, 20 ; Westminster Char-
tered, 391; Surrey Consumers', 11.
Waterworks stocks : East London, 1001 ex div. ;
Grand Junction, 681; new ditto, 22; Southwark and
Vauxhall, 891; West Middlesex, 90 ; new ditto, 16;
Bent, 781; New River Company, 55 ; Berlin, 41.
Bridge Companies : Hungerford, 12 ; Waterloo,
31 ; ditto Old Anna. of 81., 30 ; new ditto, of 71., 271;
Vauxhall, 23.

THIS DAY.—Two o'CLocx.
Although the Bank of England Directors, at thei
weekly meeting to-day, have made no alteration is
the rate of disoount, the English funds have shown
mush firmness, and prices are now quoted k per mat.
higher than they closed yesterday. Consols for the
11th of April were quoted daring a portion of