The Express.
London, England, 1846-09-09 00:00:00

COMMERCIAL 4 MARKETS.

MONEY MARKET & CITY INTELLIGENCE.

Half-past Two o'Clock.—The funds show more
firmness to-day, and Consols recovered to 66 to for
money, and 96i to i for time. A report has been
current this morning of an intention of the Bank
directors to make another alteration in the minimum
rate of interest at the usual meeting of the Board to-mor
row, but whether in the shape of a return to the former higher
rate, or some lower modification of the existing rate, is no
exactly agreed, as the report is construed both ways by
different persons. It is scarcely to be expected, however,
that the directors would return so speedily upon
• measure so recently determined as the late re-
duction; nor does it seem plausible that in present
circumstances they would be induced to adopt any
step by which money or accommodation should
be made cheaper than it now confessedly is, for
"cod securities. Some embarrassment may doubtless
be experienced at the bank from the accumula-
tion of so heavy and unproductive a stock of coin and bullion,
attended with scanty opportunities for raising interest on the
classes of securities which elute would be acceptable in the
regular coune of dealing.
Three o'clock.—Consols have given way again, and are
now 96 for money, and 951 sellers for time. Reduced
Threes 961 to 4.
The transactions in foreign securities have not been of
much consideration. Mexicans are heavy, at 2.51 to 1. Spa-
nish Fives, 27 to l ; the Threes, 381 is ; Passive, 6 to /.
The foreign market is altogether in a depressed state.
Other prices in the list below.
The liquidation of the Stock and Share account on the
Paris Bourse appears to have been operated on more favour-
able conditions than was expected. The speculators for the
fall had the advantage of lower rates at all time on the day
of settlement, but the firmness of the quotations havine
satisfied the dealers that to large deliveries of stock fleet,
be apprehended, the prices advanced. The improvement in
the Three per cents. during the week ending on Saturday
was equal to 60 centimes, in the Fives of 35 centimes ;
the first closed on that day at 84f. 4.5 c., the latter
at 122 f The intelligence of the double niarriafse
of the two royal sisters of Spain produced a dif-
ferent effect on the Paris Bourse from that exhibited
on the Stock Exchange here. Considerable purchases
were immediately made in the Three per cents., upon
which the spectators took the alarm, and showed an anxie.i.
to purchase and cover their open accounts. The result ws
that sellers could only be found at an advance above the cur-
rent quotation of 35 to 40 centimes.
Railway shares recovered also into rather more favour, and
it was hoped that the panic which has existed for some time
in the market for those securities was beginning to pass away.
On several lines the prices had somewhat improved, but the
immense number of shares held by a few large capitalists, which
were purchased during the panic to support the market, and
are only waiting to be sold out again when prices advance,
would seem to forbid the expectation of any sudden and
material rise, legitimately based on a demand from the
pubic. As the case stands, so long as the capitalists can
afford to hold, they may snake prices artificially whatever
they late.
- - - -

ENGLISH FUNDS.
Bank Stack,
3 per Ct. lied. 98#
3 per Cent. Consols, 961

.0 PRICES.—Dre.ar O'Cupcir.
Ditto for Acct., 96}
3i per Cents.
Exebequerililla, —e. to —l4
!I FUNDS.
1 per Cent. Grenada Bde , 213
' Grenada Deferred Bde., 31 4
I par O. Mexican, 1444. 231
▪ per ars. Peruvian 37 9
Cum Bde., 41 3
Bda.,
arm• 13.11panieli Ida, 274
igadrtairepri k Bda, 38i
Spud& Panaliebb.. 11,1
2 penet.PaaaVallosiaßds., 42
Venevark Waled D3a, in 13

S pa Ct. Aurtrian
44 per Ct. Belgian Bch.,
24 per Cent. ditto,
S per Ct. Brazilian Bda., 89 90
5 per Cent New BILL Bds.,
per Ct. Buenos Ayres Bal., 42 4
4 Ref et. OWL= 8d5.,100 2
8 per Cent. Columbian
S Oalumblan Equadoe 34
pa. (2. Danish Ma, el 90
21 per Ct. Dutch Bda, 291 804
4 per Cent. Dutch Certa,

RAILWAYS:
TEE MARKET has been more firm to-day, and with
a lib& improvement in the prices of some Shares and
&rips. Beet Indian are quoted, 16.. to 16s. 6d. ; Great
Wastes of Busgal, 10a. 66. to lls. 6d. Reading, Guil-
in* and Boleti are inquired for at 20a, to 21s.