The Express.
London, England, 1852-04-14 00:00:00

rat Moran.

MONEY MARKET.

-------
TUESDAY EYEEINO.
The buoyancy of the English stook market conti-
anea under the influence of the steady demand for
investment, which is pushing up the quotations of all
other securities in an almost equal proportion. Con-
sols were today dealt in for the account within one-
eighth of par, and finally left off at an advance of II
to 3 per cent. since yesterday, being last called 991
to / for cash, and 991 to it for the 11th of May.
Amongst the investments that took place was one in
Reduced Threes at 901, on account of the National
Debt Commissioners. The settlement of the
Consul account was brought to a satisfactory
termination, and has rather tended to strengthen
prices than otherwise. The Three-and-a-Quarter
per Caste. reached 1001. The official business list
is as follows : Three per Cent. Consols, for money,
993, 1,1; ditto for account 11th May, 991, 1.
Three per Cent. Reduced, 984, 99k, 981. New
Three-and-a-Quarter per Cents., 1001, I-
Annuities, 1860,61, 11-16; ditto, 30 years, 18601,41131
India Stock, 263. Bank Stock, 2183, 218.
A rise of ls. took place in the price of the Merck
Exchequer Bills, which left off quoted 70s. to 73a.
prem. At the same time the June bills fell bads
sellers offering more freel j, in the apprehension
that, as the tendency of t e money market shows
itself more palpably in favour of a further
relaxation, a reduction in the rate of interest may
ensue.
In the foreign stock market the preparations foe
the settling rather restricted business, but firmness
prevailed ; and though in some few instances prices
closed hardly re good, the difference was scarcely suf-
ficient for quotation, except in Mexican Hoods,
which, after advancing to 353, were sold at 341.
Spanish and Portuguese Stocks were both rather
freely dealt in at the full rates lately current, but a
slight tendency to realisation has been induced
by the terms at which the carrying over has
been effected. Generally four to eight per
cent. was the rate, but in some cases it
was less easy. In most instances, however, it is
believed that where sales are pressed, it is mainly in
the hope of " getting on" again on easier terms.
Cuban Six per Cent. Bonds were to-day dealt in, and
realised 101. The bargains reported are as follows :
—Belgian Four-and-a-Half per Cents., 97. Brazilian
Old Five per Cents., 100 ex div.; ditto Five per
Cents. (Rothschild's), 100. Cuban Six per Cents.,
1003, 101. Chilian Three per Cents., 68 ex div.
Dutch Two-and-a-Half per Cents., 611 1; ditto
Four per Cent. Certifs., 93/. French Plour-and-a-
Half per Cent. ltentes, 100 E 73c. (exchange,
23f. 45e.). Granada One-and-a-Half per Cents. ex
Dec., 1840, coupon, 241; ditto Deferred, 11, 103,1.
Mexican Bonds, 3510 3, 341; ditto New Three per
Cents., 291, 29 ex div. Portuguese Five per
Cents. Converted, 1841, 401; ditto Four per Cents.,
39, 381, 391, 381; ditto for account, 30th April,
391, 39. Sardinian Five per Cents., 971, 983, 971;
ditto for account, 98, 3. Spanish Old Three per
Cents., 481, 48; ditto for account, 481; ditto, New
Deferred Three per Cents., 211, 3,4, 3. Venezue-
lan Three-and-a-Half per Cents., 481; ditto De-
ferred, 183.
This was "continuation day" in the railway share
market, and money was in good demand throughout
the day. The rates exacted for carrying over shares
varied; as usual. Subjoined are some of the rates
that ruled in the morning, but it may bo noticed
that towards the latter part of the day accommoda-
tion was easier. _ .

London and North Western, „ to „ continuation.
Great Western, to 1 continuation.
South Western, k to 1 continuation.
Midlands, 5-16 to 7-16 continuation.
Lancashire and Yorkshire, 3-16 to 5-16 continuation.
South Eastern, 1-16 to 1 continuation.
York and North Midland, 1-16 to 3-16 continuation.
Oxford Gad Worcester, 1-32 to 1-16 continuation.
East Lancashire, 1-32 to 3-32 continuation.
Oatiowhois the retnidereandsd for carrying over
have melbas quite so heavy as 'set account; but it
is believed that a considerable portion of the requi-
site business is standing over till to-morrow, as the
movement to-day has not been so great as might have
been expected, considering the extensive operations
torrent m this department. French shares, in which
a very large business requires adjustment, were car-
tied over at rather high rates, viz., from 5 to 12 per
Oat , according to the amount of share. Northern.,
however, aro now scarce, and the dealers are bor-
sowers of these shires. Generally the French rail-
way share market presents a very strong ap-
Immuvince.
A further rise occurred to-day in the market for
foreign exchanges, owing to the continued scarcity of
bills on London at the continental bourses. 'fhe
quotations in most cases, however, are still consider-
ably below the point at which shipments of geld to
this side would be found profitable. Paris was done
at 23.421 to 45; ditto, three months, 23.571 to 60.
Bills on Antwerp and Brussels ruled at 25.65 to 60.
Amsterdam rose to 12.11, whilst Rotterdam was as
high as 12.2. Hamburg
.improved to 13.111 to 1, a
good deal of paper remaining over. Bills on Italy
were likewise higher, though not much so. Drafts
on Spain and Portugal, however, found few purcha-
sers, and were decidedly in favour of buyers.
The only exception was in paper on Aus-
tria, which was in demand at consider-
ably lower quotation Last post Vienna could
hardly be sold at 12.52, but to-day it was in great
demand at 12.28, a difference of 31 per cent. This
movement is entirely owing to the lower quotations
from Vienna, the London merchants implicitly fol-
lowing every impulse from the other side, without
intlueacing the market independently in the slightest
degree. It is, however, a most singular circumstance
that the death of the ablest member of the Austrian
cabinet should be the signal for an improvement in
the deeply depressed finances of that empire.
The market for silver remains very flat, the heavy
supplies that have lately arrived, none of which have
yet been sold, pressing forward for realisation.
Quotations are at present quite nominal.
The last quotations of exchange at foreign places
on London, as received during the last fortnight, are
as follows :
Previous Latest
Quotations. Quotations.
Alexandria 97i 08}
Amsterdam, short
Ditto, 2 months
Antwerp, short 25.46 26.46
Bremen, short
Ditto, 2 months
Bombay (document
bills), 6 months
Berlin, 3 months 6 241 624
Brussels

Calcutta (document
bills), 6 months la. 111 d. 1 Is. 111 d.
Charleston lO9l 1091 1
Christiania, S months
Copenhagen, short
Ditto, 3 months
Canton
Frankfort
GothenWrg, 90 days
Gibraltar, 90 days
Havana
Hamburg, short
Ditto, 3 mouths
Kingston, Jamaica (bank
bills), 30 days.. Ito 11 per et. pm. Itol pr et. pm.
Ditto, 90 days •• • • Par to 1 per et. pm. par
Mauritius
Mobile
Melbourne
Madrid
Naples
New York, 60 days lO9l 10 1091 10
New Orleans
Oorreasto .
2154901 12195 21 64196 1
2205

Paris, short
Ditto, 3 months
Riga, 3 months 37t 371
Rome 495 496

Stockholm, short l2
12.4 3
Ditto, 90 days
Seteimati
Sydney
St. l'etcriburg, 3MO .
Shanghai)
Valparaiso
Vienna

[THREEPENCE.

It will be seen that at most continental places the
tendency of quotations is decidedly; in favour of this
country, a circumstance that is in a great measure
owing, as above referred to, to the scarcity of bills
on London at continental bourses. That the balance
of trade is in our favour, generally speaking, has been
sufficiently shown for some time back.
Later accounts from Sydney, extending to the 10th
of January, mention that the Kate had sailed theday
before with 173,000/. worth of gold.
The returns of the Nationalliank of Belgium, as
made up to the 31st of March, present the following
results in sterling, tho comparison being with the
preceding month's balance sheet :

March 31, 1842. Increase. Decrease.
Coin and bullion L 1,615,124 .... £248,128
Portfolio

Note circulation .... 2,002,322 42,226
Current accounts .. 1,639,042 .... 680,428

The precious metals aro shown to be accu-
mulating in this institution the same as in the other
great European banking establishments ; but in the
present return, the increase in the metallic stock is
probably mainly due to the remarkable increase of
880,428/. observable in the item of current accounts
--a difference that affords strong evidence of the ab-
sence of active commercial and industrial movement
at the present season.
The Belgian Minister of Finance has issued notice
of the formal extinction of a capital of 88,9601.
sterling in the Three per Cent. debt; 45.3811. in the
Five per Cent. debt of 1840; and 13,8491. in the
Five per Cent. debt of 1842. Tt e obligations and
inscriptions representing these amounts have been
burnt in presence of the proper authorities.
By virtue of the powers conferred by a royal
decree, bearing date the 13th November, 1810, by
which the agens de change aro forbidden to quote
any particular stock without authorisation, the quo-
tation of the New Spanish Deferred Three per Cent.
Stock has been prohibited on the Antwerp Bourse.
No reason appears to be assigned for this arbitrary
step, and as the quotation of the Spanish Ardoin loan
is formally permitted on that exchange, some sur-
prise has been excited amongst the speculators.