The Express.
London, England, 1851-07-21 00:00:00

MONEY MARKET.

THIS DAY.

Two o'CLocK.

The general appearance of the English stock
market to-day is rather firmer than it was on Satur-
day,
but as business is still upon a very restricted
scale, prices remain unaltered. The uncerd
Minty which exists as to the foreign loan
negotiations continues to weigh heavily upon the
market, and capitalists arc averse to placing their
funds in any employment till the prospects of the
money market arc more clearly defined. To this cir-
cumstance, and the absence of any special demand for
accommodation, the continued inquiry for Exchequer
Bills, and the maintenance of the rate of premium
on this class of security is mainly attributable. It
I seems evident that some opening must speedily be
found for the employment of capital, which in the
Stock Exchange is quite "a drug.'
Consuls have been steady all day at 961 to for I
cash. and 961 to 1 for the 12thof August. "The
official list of bargains embraces :—Three per Cent.
Consols, 96?, ; ditto for Account, 96;1,1 ; Three per
Cent. Reduced, 97i, 1; New Three and-a-Quarter
per Cents., 98", ; India Stock, 2t33.
Exchequer Bills continue well supported, at 51s.
.to 51s. prem. with a fair business doing. India
Bonds, 1,0001., mark 61s. prom.; ditto, under
1,0001., Os. .

In the foreign stock market there is only a limited
business, and prices present little change. Mexican
Bonds, however, are flatter, and hive re-
ceded to 30!, the financial intelligence from
Mexico by the Europa being unfavourable.
Spanish bonds are just a shade steadier.
Bargains have been concluded as follows : Brazilian
Old Five per Cents., N9l. Dutch Two-and-a-Half
per Cents., 591 ; ditto Four per Cent. Certificates,
921. Mexican Bonds, for account, 31st July, 301, :,
lex div. Peruvian Five per Cents., 1819, N 9 ; ditto
for account, 90. Portuguese Four per Cents., for
account, 31. Russian Four-and-a-Hull per Cents.,
100.4. Spanish Active Five per Cents. for account,
201 21. Sardinian Scrip, dis. Venezuela De-
ferred, 12.

Two head• anivals of specie are reported from the
outports this morning. The Europa, from New
York, has brought 586,000 dollars into Liverpool;
and by the Nest India steamer Thames, the imports
are no less than 1,335,193 dots. or 267,0-10/. In face of
the large supply of silver received by this opportunity
which amounts to 987,6'49 dollars, the maintenance
of the rise of !,d. iu the price of this metal, which took
place last week, is rendered more problematical.

SATURDAY ETENINO.

The money market remains as before for discount,
and money is abundant, though there is a want of
disposition to invest it. The price of English stocks
is very high, and keeps many out of that market,
and indcsd, as yet, the amount of business usual at
the dividend period has not been transacted. In-
vestments continue in the foreign stock market, but
not on a large scale, all the good Five per Cents.,
Four-and-a-Half per Cents., and Four per Cents.
being at very high rates. As it is, the investments
which take place arc not favourable for the country.
They are not pinchases from English hands, and
much stock has been brought in from abroad. This
being taken up at high quotations, there is no pros-
pect of the holders ever getting out at a profit ; on the
contrary, the chances of revolution and war being
such as to make a heavy loss on realisation likely.
These investments are, therefore, more prejudicial
than the old bad American loans, for in the long run
we have got safely out of them without average loss
of capital. even if we have made no profits. The low
priced stocks of France and Belgium command little
attention, the higher priced securities being more in
favour. Russian Five per Cents. have been this
week bought at 114, and Danish at 1041. The
Sardinian loan is not likely to do that prejudice to
pecuniary interests which has been represented, for
it is not to a large extent, and the price is low.
With regard to railway shares, we have often had
occasion to report lately that the market is in a state
of prostration, kept down by the Liverpool and
Scotch bankers, who are sellers, and unsupported by
investors or speculators on the part of the public. No-
thing but patience can benefit the holders of these
securities; but there is little prospect at the moment
of the dividend-receiving public going in as inves-
tors, and even if they did, there is a large amount of
pawned stock to be cleared off.
Foreign 'rates of discount may be quoted as fol-'
lows: Adelaide, 20 to 32 per cent.; Amsterdam, 2
per cent.; Antwerp, 2 to 3 per cent.; Bourbon, 6 per
cent.; Bordeaux, 4 per cent. ; Brussels, 4 per cent.;
Calcutta, 11 per cent.; Ceylon, 9 to 10 per cent.;
Copenhagen, 3 per cent. •, Frankfort, 11 per cent.;
Hamburg, 11 per cent. • Havre, 4 per cent.; }Javan-
nah, 8 to 9 per cent.; Leghorn, 41 to 41 per cent.;
Madrid, 6 per cent.; Marseilles, 4 per cent.; New
York, 6 to 7 per cent.; Paris, 3 to 31 per cent.;
Peru, 24 per cent. ; Philadelphia, 6 per cent.;
Rotterdam, 21 per cent.; Rio Janeiro, 6 to 61
per cent.; Trieste, 41 to 41 per cent.; San Fran-
cisco, 3 to 8 per cent. per month; St. Petersburg, 53
to 61 percent.; Valparaiso, 12 per cent.; Vienna, 5
per cent.
The returns of the Bank of England show the
usual decrease of public deposits and of bullion, and
increase of circulation, consequent on the payment of
the dividends. Tho decrease in the bullion is
195,0601., and the following shows the decrease for
the corresponding dividend weeks of the last seven
years:
1845 £221,846
1846
1847
1848
1849
1850
1841

It happens singularly enough that the years alter-
nate with a high and low figure.
The Bank of France returns for the week ending
Thursday, the 17th of July, show the following
results (23 francs for 1/.):—
Bullion £23 498 242 Increue £17,143

Bullion on deposit 141,136 Decrease 14,950
Circulation
Public deposits
Private deposits 4,547,805 Decrease 177,019
Bills discounted 4,409,010 Decrease 47,399
Government securities 7,046,156 Increase 2,884

The above r eturns shew a very trifling increase in
the bullion, and taken in connexion with the decrease
of the previous weeks, it may be presumed this im-
mense accumulation has already reached its height.
Beyond what we reported yesterday of the bullion
market and the slight rise in bar silver, we have only
to give the movement of the week.
Besides the exports from the port of London, the
Montrose, Peninsular and Oriental steamer, took out
5,000/. for the Peninsula; and the Avon, for the
West Indies, 6,5001.

' An analysis of the railway traffic returns of the
United Kingdom for the last week shows the total re-
ceipts on 6,263 miles to be 323,370/., or 311. 10s. per
mile per week. In the corresponding week of last year
the amount was 281,693/. which on 5,913 miles gives
an average of 47!. 10s. per mile per week. There
is thus an increase in the gross receipts of 41,8771.,
or 14.86 per cent., an increase in the mileage
.of 332
miles, or 5.95 per cent., and an increase of 41. m the
amount received per mile per week.

ENOLISLI liT3, D6.—Tais Dor.
Bank Stock, 21415 L,Jug Aonultles, 7 7.16
3 per Ct. Reduced, 67! i liohn Sh.ck, 20 3
3 yer Vt. Coooolo, 961 I Ditto Bung k 66 62 prem.
3i par Ct. Colpole, 66/ I Exchequer =6, 1hwt.,614. to Ms.
Von.ols for Acet.. for Awl% WI I Wm.

/011NION FLN DS.
44 per et. &Wu, 924 6 per Ct. Nfeelean. 301 i
6 per Ct. Droelleho, 9991 4' Ct. Pertmao, 49 90
Do. Neer, 89 90 1)714c. Deform', 43 4
6 per Ct. Bum°. Arra, HO 6 par Ct. PortQue•e, 83 T
8 per et. Livatan, 103 6 blur CL Moot., 1124 144
3 Per et. ebtll.6. 49 per CL aut./enjoy* 1 es die
3 per Ct. Dzotett, 78 T 6 pa Ct. ,partoeL Active, 204 1
11 per Ct. Dutch. 69/ 9 3 par Ce. konleh, 349 9
4 per Ct. Dutch, 919 9
Equodor, 31 9 39 Do. I%W e% 54 i
per Ct. Venezuela. 31 3
1 per Ct. Granada, 154 144 Do. Deferred. 1213
1 Sordlolan &MP. 1 4 die.