The Express.
London, England, 1847-07-08 00:00:00

MONEY MARKET.

WEDNESDAY EVENING.
The stock market has been comparatively inactive
to-day, with merely shades of variation in prices.
Consols were first quoted 881 to for money, and
88.; to 9 for the opening, and they left off at 88Z
to 9 both for money and account, after differences
of as the turn between buyers and sellers. Reduced
Threes were 894 to 1 ; Three-and-a-Quarter per
Cents., 914 to 4; Long Annuities, 9 1-16 to 4 ;
Exchequer Bills, 9s. to 13s. prem.; India Bonds, Os.
to 9s. prem.; Consols Scrip, Z to 14 prem.
The speech of Lord Palmerston on the question of
the Spanish debt has given great satisfaction to the
bondholders and the Stock Exchange, and from the
vigour and decision of its tone can scarcely fail, it is
thought, to produce a desirable effect even on a go-
vernment so inaccessible to all the obligations of good
faith and common honesty as that of Madrid. His
exposure of the stock jobbing malpractices and the
prodigal expenditure of the state under its various
corrupt administrationsovith his undisguised menaces
of bringing them to account, unless timely anticipated
by some steps for rendering partial, if not all at once
a full measure of justice to tho long-enduring credi-
tors, will exercise a far more prompt and efficacious
influence at Madrid than fifty deputations and agen-
cies of bondholders suing at the portals of the Spanish
Hacienda for redress. Towards mid-day, the speech
of the foreign minister carefully read baying made its

Deduct tncresee

3,013,302
131,649

Total &craw on balance June 19, 1947 ....... Z 2,871,613
The same yearly comparison for coin and bullion
will stand thus :
Bank of England—decre
Irish bank. do.
&etch

.C 4,86.5.330

Dut IcrtM

impression, the bonds began to move, sad, upon some Rel. D. imam yammer, nowasser, minas. lailway.— pro.
purchases, the prices rose to 211 to ;for the Fives, Bee 1
lagaineltire Staling (creels.isteosiMs).—Pree
and for the Threes, to 33; to i ; POrtuguese were srao.iseseit, omen ins et dames srelpeleg. Liverpool, Man-
also
also rather better, at 30 to 2. Dutch Two-and•a- w,
.......,ster,:st NeWSINAR Mr. (sus id Flab line).—Cme
89} to , ''..IIITZE or ntil 00101UOIS ON THIS weans
on, (Wlitig?ruo ass illmaglimi leseinkb—ln the absence of Mr.
1 Dav).—Grove No. IL Meng 2114•41salluanptoa end DorchnitirerM
9011.111!
mpeuricanEeltlita.9
tower. 57; to I ;the Fours,
The following statement, prepared and earviessed open me came, witnesses son the pro•
from multiplied official returns, will be fourA to „e. ecee„, „erenotee man.
sent a simplified and intelligible view of the note` MISCELLANEOUS NEWB.—FRENCU EATLWATII.—
circulation of the United Kingdom. and of the coin andl' .711.sasittiareSteemonletbioli it: the Pant
wßnilere7ay.
and bullion held by the banks ",dicated, both posi- tribute,' to thaiertztite on Monde, last. The committers rerun,.
tively at the date of the acco..otts last made up, and me
gra toe to thei coroia`rles.to otiti. ...ii these edlinccr here been of
Aulit eoaor ',..‘T
comparatively with returns for corresponding periods. In ooneelamme of this recommendation new contracte have tarn con'-
The aggregate average note circulation of the veins tct:rgi. ministers Tr' the compete, eat thez having been
United Kingdom, according to the returns last collec- chambers. The contract with the Pan and JAMS (OClptindnyi%olflettle
tively completed for all the banks of issue, stood, for June 26. It decisive that the terma of the lean of July 16, iso,
the four weeks ending with the 19th of June, as NKI
th.'he„prlaoldriMaclee, Utt, I::We'p..2l. 184';'• are mc4illfd so f0L10,717
7 exceed 2110 millions (frame)
follows: the term of the concession (41 years) will be lengthened in proportion.
11062=and „,•,,,.«..... £18,296,337 The eatenaioe of the term will be axed within • year after the com-
-4,383,5{7 Dylan of the works: a year additional will be granted for every
.11111•111. 3,088,442 million In taws of 218 millions, but shall not exceed 99 years. The
5,464,931 company to bound to open the find section (from Pane to Torment))
Seek& tanks 3,647,314 et the latest by the Ist of May, 1649. The government is authorised
be troussfer to the company the section between Dijon and Chalon
Total einolstion on weekly average £31,834,601 within • month tittle pawing of the gement law: the company is to
For the four weeks ending May n
the goveninieet exereise its title to buy in the concession within
Decrease, June 19
34
per rent.
art. on the capitaleleirld ;If later, Mai
The decrease was thus composed on balance : Forser, shall
not I be equal to It
ceed
rine withrirttle Lyons and Avignon come r tiny is doted the 27th of
England and Wales the total decrease was 1,408,0061., Millions. There are some minor detailsa relative to stationee,'ke. 7tur
I m
cot be
icatioe,
rra4tiorfe these
rLiegmaloontntiecteecon.btained
of which the Bank of England for 1,029,7671., the
Private banks for 21.5,3671., the joint stock for 162,872/. in it are :—ItI g..T.
For Ireland the decrease was 553,469/. For Scotland the Grenoble branch, tiniere la net dividend of one company,f the srTtive:
there was an increase of 130,370/. ye:ws exceed 7 per cent. The term of the e ncession of the branch
will run from the end of the fifth m.r. Government may
i.
The fixed issues of the private banks being reeume the power to construct this branch at any time
4,999,444!., it follows they were below the amount w thin the flue years The term of the cunce.ion will co
oraspr°l°e7fgVo nifoillioon:s.ye.lrethkerGeverenorlbl'eubninionncahnist anohutladllOe'rkdrUCted, innulenii 613,8871.
The fixed issues of the joint stock banks being the net disedends here at any time exceeded 7 per mut. per annum,
3,418,277/, it follows they were below the amount Itesg.:'ej,7re.blrli„ th'ti'b'er the ''''PPl"'"n"). "." of the ro"",
state and the company, in such manner,
329,83.5/. however, that the company's dividend elan creel be under 4 per cent,
The fixed issues of the Irish banks being 6,354,4941.,
it follows they were below the amount 889,343/.,
with specie inland to theextent of 1,548,8821. besides.
The fixed issues of the Scotch banks being
3,087,2091., it follows they were above the amount
560,1051., but with specie in hand to cover the excess,
and 708,988!. beyond.
' The average of coin and bullion held by the Bank
' of England during the four weeks ending the 19th of
June wee 10,319,1921. ; increase on the returns of
May 22, 632,9171.
The average of specie held by the Irish banks
during the same term was 1,548,13821.; decrease on
the May return, 133,790.
The average of specie held by the Scotch banks
l during the same term was 1,269,0931.; decrease on
1 the May return, 31,264/.
The yearly comparison of the aggregate note circu-
lation of the United Kingdom, between the four weeks
ending the 19th of June this year, and the four weeks
ending June 20 last year, will stand thus :
, Bank of England—decrease .01,394,901
Private banks do.
Joint stock do.
Irish banks