The Express.
London, England, 1855-06-02 00:00:00

MONEY MARKET.
FILMIAT Rvseine.
The English stock market opened more firmly,
but
weakness was subsiapiently shown, money continuing
in demand as usual just prior to the shutting of the
Consol transfer books. In the afternoon, however,
an upward tendency set in, purchases being renewed,
and including some amount of the new 30 years
Annuities by the Bank broker. The market finally
closed 1 per cent. higher than yesterday, with a firm
appearance. A decidedly favourable impression is
produced by the accounts daily received from the
seat of war. The approaching repayment to the
South Sea proprietors of nearly two millions sterling
—the bulk of which, it is presumed, will have to be
re-invested—forms another favourable influence at
present. The value of money:in the Stock Exchange
was 21 to 3 per cent. on government securities.
Console for the 10th July were first quoted 921 to
93, receded to 921, roes to 93 to 1, and closed at 921
to 93. For money the final quotation was 923 to ;.
The floating speculation for a rise in the funds is now
more plainly observable, but the preponderant!e of
operations is still in the same direction. The official
business report is as follows :—Three per Cent.
Consols, for money, 921,1, 911, 921,921, 4, # ; ditto,
for account, 10th July, 92/, 4,1, /, 1. Three per
Cents. Reduced, 911, 1, 91, 911. New Three per
Cents., 911,92, 914, 91/, 92. Lang Annuities, ex-
piring in January, 1860, 31. India Stock, 23.5.
Bank Stock, 2081.
The transaction' in the new Thirty Years Annui-
ties were at 16 13-16 per 11. The omnium, after
being sold at 41 prem., had advanced at the Claw to
44
The to 4 M
4 pram.
ar ch Exchequer Bills were dealt in at 16s.
to 20e. prem., and the June bills at 51. to Bs. prem.
In the foreign stock market the chief movement is
still in Turkish, which, after ranging between 82 and
83 during the greater part of the day, fell suddenly
in the afternoon, and closed at 811 to 1, or nearly 11
per cent. lower ihan yesterday. Peruvian is rather
firmer. Buenos Apes Bonds continue in favour. On
Swedish Four per Cents., Sardinian Five per
Cents., and Brazilian Four-and-a-Half per Cents.,
a half-yearly dividend falls due this day.
On Change to-day there was more demand for
bills on Amsterdam, Hamburg, and Paris, and, the
supply being scanty, the rates on these places ruled
a trifle lower than on Tuesday. At present rates,
however, there is no demand for gold for exporta-
tion to the continent. In the ease of Vienna and
Trieste the improved rates of Tuesday were main-
tained.
The Admiralty have ordered the ships Goddess,
Mary Davidson, Susan Crisp, Matilda, Medina,
Lebanon, Antipodes, Maori, Dependent, John Bun-
yan, Harbinger, Sea Queen, James Gibson, and the
Marchioness of Bute, to be surveyed for the transport
service.
The Emigration Commissioners will receive tenders
on the 7th inst. for the hire of a ship to convey emi-
grants to Adelaide, and to be ready to receive pas-
wagers between the 2nd and 10th of August.
St. Petersburg letters of the 24th ult. quote the
exchange on London at 361 to 6-16 d. No business
is reported in produce for export.
The tallow market to-day was firmer. Petersburg
Now Y.C. oa the spot was last quoted die. 6d. We
extract the following curious statement from Messrs.
Smith and Charles's circular of this evening:
As a meows Illutratim of the Ignorance that prevails in lit. Pe-
Lenitive amorist the native merehants, or rather dealers, cementing
raade
rartwaustrrete to
thisl
"us". vs
sy was silserterrit that
ard tilttehehlon with
which be tayeased the is... seises on me 25th tat, It was banally
supposed that the war world, as a matter or mune, be sbandoncd.
and the rim of tallow was In emsequenoe raised by the warehams
of these operators 2 ro.
Land and bank shares to-day were steady.
Reese and Frascati Railway shares were quoted 3
to 1 prem.
The return of the Bank of England for the week
ending Saturday, May 26, when compared with the
previous return, show the following results :
Circulation issue
Circulation active 19,617,515 Decrease 4,626
Public deposits 6,198,181 Increase 1,837,889
Other deposits
Government securities in
banking department 12,110,721 Increase 1,287,589
Other securities in banking
department
Coin and bullion in both
departments
Seven day and ether bills 1,020,359 Increase t 28,639
The Rest
The Reserve (viz. notes
and coin in banking
department)
The subjoined exhibits the extent of the week's
variations at one view :
Püblic deposits
Other deposits decrease.. 298,466
Notes and bills in circulation

increue„ 24,014
Rest
On the other side of the account:
Government securities increase .. 1,287,539
Other securities decrease .. 139,349
Coin and bullion immense .. 417,065

Total

The stock of coin and bullion now exceeds seven-
teen millions sterling, with every prospect of a fur-
ther considerable increase. The augmentation to be
shown in the next return of the Bank must be large,
as heavy amounts of gold have been sent in during
the week now drawing to a close. The most remark.
able change in the above lions, however, is the in-
crease of no less than 1,287,6891. in the stock of go-
vernment securities held by the Bank. An instal-
ment of 16 per cent. on the new loan, amounting to
2,400,0001., having been paid during the week re-
ferred to, and the Treasury balance being thus raised
to the respectable sum of 6,196,1611., the Chan-
cellor of the Exchequer, obviously, cannot have been
under the necessity of borrowing afresh from the
Bank. We have already drawn attention to the pur-
chases of government securities which have been
effected of late by the Bank broker. It is also pro-
bable that the Bank may be a holder of some amount
of the new loan. The general inference to be drawn
is, that the Bank hesitates to reduce its rate of die-
wont further, and, whilst its discount business con-
tinues to diminish, the directors are endeavouring
to fled employment for their resources in government
securities.
BANK OF ENOLAND.—An Account,
8112 Vk., c. 32, for the week aufu---

. lllBOl DIP
NO4olllPaed 00.137,686

lihreunnt to the Act 7th and
me Saturday. Gay Se, MSS.
-Government Debt .... A 11.0111.100
Other Securities . 2.904.900
Odd Oohs and Bullies 16,337.685

/00.337,6 U

533,331.685

PAITMIN?.

Propr*on'.
.. ..
Capitol ....f14.551400
3.172,157
Public Depoeite Owlet
OE:= vit :at
Debt, ead Div. Ude.) 5,196.161
Otber Depel .
te . 111,32,31
Eleeenthy and otbeallis 0209 ,3596

Government Securities
dueled. Dead Wdlbt
Annuity) £12,110,721
Other Semitic),
Notes
Gold ea iii:ii'iloin— I°.'*'37°
MOM

1a.873.5)93
MAY 31. 1838.

VS. b 73.993
Chle Cashier.

THIS DAY.—Two o'CLoolt.
The English stock market remains firm, at the
closing quotations of yesterday. The transfer books
of Console are now shut, and the present quotation
for the 10th July is 91j to ex div., equal to
921 to 93 wia the dividend. Notwinstanding
the shutting, transactions are recorded for money
at 921 to with dividend. The Three per Cents.
Reduced hive been dealt in at 911 to 911 ;
the New Three per Cents. at 92 to 921 ; the New
30 Years' Annuities at 16 3-16; India Stock at 235
to 236; Bank Stock at 2081 to 210; and India Bonds
at 181. to 20s. prem. The omnium is quoted 41 to
41 prem.
In the foreign stock market the chief feature is
in Turkish, which has ranged between 81 and 82, and
is now quoted 81 to 1. Mexican is quoted 22 to 1;
Spanish Deferred Three per Cents., 181 to # ; and
Russian Five per Cents., 99 to 101. Sardinia'
Bonds have been dealt in at 861 to 88 ex div.;
Dutch Two-and-a-Half per Cents. at 64 ; Peruvian
Fonr-and-a-Half per Cents. at 69; Buenos Ayrean at
191; and Brasilian Old Pita per Cents. at 1001.