The Express.
London, England, 1853-02-19 00:00:00

MONEY MARKET.

FRIDAY Evaxiwa.
During all the earlier part of the day great buoy-
ancy prevailed in the English stock market, Consols
reaching par, but sales followed, and the closing
range was about the same as that of yesterday. Ge-
nerally the market continues to wear a strong ap-
pearance. It is evident the reduction of the interest
on Exchequer Bills is telling upon the funds, as
there will necessarily be some accompanying change
of investment. Money commanded in the Stock Ex-
change 2 to 21 per cent., but "out of doors" it is
still tight, there being a continuance of the demand
for accommodation. The Brazil mail brings news
of the Chowringhee, which has on board be-

tween 60,000 and 70,000 ounces of gold from
Australia, having put into Pernambuco, and
sailed thence on her homeward voyage on the 2lst
January. Other gold•freighted vessels must be
close at hand. The meeting of the London and
North Western Railway Company produced little
effect on prices. Attention is, however, drawn to
the proposed creation of upwards of two millions
sterling additional capital for auxiliary lines, &c.
The rise in French shares continues. Northern, have
reached 36.

Consols were first marked 991 for money, were
purchased by the government broker at 991, and
even touched 100 for time ; but the closing price
was 991 to / for cull, and 99/ to z fur the 10th
March. The official business list is annexed, viz. :
Three per Cent. Consols, for money, 991, ,„I ;
ditto for account, 991, 100, 991. Three per Cents.
Reduced, 1001, 1. Three-and-a-Quarter per Cents.,
1031,;,, I. t. Long Annuities, 1860, 6 7-16. India
Stock, 266, 269. Bank Stock, 227, 228.
The tendency of the Exchequer Bill market was
downward. There was more disposition to sell, ac-
companied by an absence of demand, and the dealers,
who are already " over bought," are unwilling to
take them in large amounts. The June Bills ruled
at 255. to 355. prem. It is considered that the re-
duction in the March Bills to Id. interest per day
leaders it extremely probable that a similar rate of
Wisest only will be offered on the June issue when
it falls renewable, always supposing the market will
admit of the reduction being carried out. The Ad-
vertised Bills arc marked 15e. prem., and closed 10s.
to 20s. prem., being still difficult of sale. India
Bonds were aso lower, marking 455. prem.
Foreign stocks aro generally rising. Mexican
bonds advanced to 24 on purchases on Dutch account,
and closed 231 to 1. Russian, Spanish, and Dutch,
all realised higher prices. Granada Deferred bonds,
on the other hand, are heavy, and Buenos Ayrean
dell to 55 to 60 upon the news of another revolution,
but there were no transactions in this stock. It
would appear that the city was decidedly gaining
the advantage over the besieging party. We under-
stand that the committee have not received a line of
news to-day by the steamer, but that, notwithstand-
ing the contest now going on, the usual monthly re-
mittance of 5,000 dole. (sufficient to pay 11 per cent.
per annum on the bonds) has come duly to
band. Yesterday these bonds were transacted
at 63. Bargains are marked as follows:
Brazilian Four-and-a-Half per Cent., 1P52, 9.71.
Danish Five per Cents., 1071. Dutch Four per
Cent. Certifs., 981. Ecuador Bonds, 51. Granada
Deferred, 11, 101. Mexican Three per Cents.,
231, 24, 231. Portuguese Four per Cents., 39, 381.
Russian Five per Cents., 121, 1, 120. Sardinian
Five per Cents., 95. Spanish Old Three per Cents.,
471.° ditto New Deferred Three per Cents., 231, 1,1;
the Committee's Certifs., 41 per cent.
The annual meeting of the East Indian Railway
Company was held to-day, but, beyond acquainting
the proprietary that the works comprised in the first
contract with the East India Company are in active
progress, and that tenders for the construction of the
second section to ltajmahal will be invited in this
country and in India simultaneously, the directors
had no matter of great interest to lay before them.
The proceedings are noticed elsewhere.
At the meeting of the Eastern Steam Navigation
Company to-day, the directors' statements were also
limited to reporting progress. The capital is stated
to be adequately subscribed, and the directors pio-
mise that no delay shall take place in the realisation
of the spirited design of immediately building and
running vessels sufficiently large to carry their own
coals oa the longest voyages.
Australian Agricultural shares receded to 242 in
the morning, but a marked rally subsequently took
place, and the closing price was 257 to 2412. Ex the
Peel River shares, there was a great demand for this
stock, said to be owing to the receipt of accounts of
further gold discoveries on this company's estates.
These accounts are stated to have been re-
ceived, via Brazil. The price of the old shares
closed 115 to 120, being in great demand.
Generally there is a tendency towards a revival of
the demand for Australian securities of all descrip-
tions. Bank of Australasia shares are still rising. In
other miscellaneous stocks there were transactions as

follows :—London and County Bank, 31730";
Oriental Bank Corporation, 49; Provincial Bank of
Ireland New Shares (101. paid), 17! ; General Screw
Steam Shipping (121. paid), 12; Peninsular and
Oriental Steam, 864; do. (251. paid), 51; Ebro Canal
shares are quoted 14 to 1; prem.; Beziers and
Graissessae Railway, par to # prem. ; Royal Swedish
Railway, #to dis.; French South Eastern Rail-
way, par to prem.; Chartered Bank of Asia, # dis.
to par.
A dividend at the rate of 5 per cent. per annum
falls payable on the shares of the Monetary Advance
Society on the Ist March.
Business in American stocks this week has been
rather more active, there being generally a fair de-
mand for most descriptions of securities.
At Vienna yesterday (Thursday) the 5 per cent.
Metallic. were quoted 94, and the exchange on Lon-
don 10.51, being nearly the same as before. At Am-
sterdam yesterday, prices of funds showed an upward
tendency, especially for Mexican, Dutch, and
Spanish.
There was a decided improvement to-day in the
rates for short exchange on Paris, which was offered
at 25.10, with money at 25.121, and transactions in
some instances as high as 25.15. The price of three
months' paper remains unaltered, but the Paris Ex-
change is chiefly guided by the quotation at short.
Hamburg was also rather higher at 13.7; to 8, but
several amounts were done at 13.71. Frankfort
likewise experienced a rise, being done as high as
1204, at which rate, however, bills were in good re-
quest. Other exchanges were unaltered.

Mr. Mihill Slaughter, secretary to the railway de-
partment of the Stock Exchange, has just issued his
railway traffic tables for the years 1851, 1852, 1853,
and 1854. These tables are intended as a ready
means of comparing the gross traffic receipts of 16
principal lines in 1851 and 1852 with those current
and to come. By his position the indefatigable com-
piler is enabled to avail himself of all the official
return., and his statements are thus marked by ex-
traordinary accuracy.
The Bank of England return for the week ending
Saturday, the 12th February, is as follows :

HANK 01ENOLANI

IrSPIDWA
x•soil rasa ----Amman°

£31.799,710
1411111111.3
efeletioters' Coital 614.168.400
Rat 3.313.9.34
Public Depolionneiod
Elev.
Ono sob. of 68.411
D 4.14,1 Dlv. Aosta.) $3.2.r.97
Mbar DopoAlta
dovindonuid other BUY 1.417.134
£37.06.633

tor the week =dim Feb. 12. 1863
.- - -

17067nMeat sat.w.ru
Other Seeazttlia. 5.A84.91,0
Gold Coin and BOW 17.750,656
Kim bullion
imaas.n.

617v-eniTo.e;it Beessritla
dedud. Dead %Veleta
Annuity) £13.449,600
Otherdeettrltlas
Notes
Gold and Myer Cols b02,6Z.0

rob. 17. 1811.

1,37,M 838
MARSHALL. Chief Caehter.

The above return, when compared with that for
the week preceding, exhibits the following results:
Circulation issue
Circulation active 22,305,083 Decrease 390,325
Public deposits 6,239,297 'lncrease 671,092
Other deposits
Oevernment securities in

bankingdepartment..: 13,648,600 Decrease 116,051
i Otheraecurities n banking
department
Coin and bullion in both

departments
Seven day and ether bills 1,417,834 Ikercase 22,164
The Rest
The Reserve

In the present position of the money market
everT return of the Bank is invested with consider-
able interest, but the changes in this balance sheet
are not great in a numerical point of view. The de-
crease in the bullion is, as we anticipated in our im-
pression of Wednesday, viz., " under three hundred
thousand pounds." The most striking feature of the
return is the diminution in the " other " or private
deposits, a movement which, under present circum.

[THREEPENCE.

stances, affords evidence of the extent to which
floating balances are being withdrawn from the
Bank with a view to their profitable employment in
the open market now that money commands rater,
so much more remunerative than those cur•
rent a few months ago, when only about
1 per cent. was obtainable "on call." On the
other hand, the " other securities" remain at a nearly
stationary figure. It is thus evident that whilst the
Lombard-street houses have experienced considera-
ble demand for accommodation, there had not been,
up to the date of this return, any remarkable rush
for money at the Bank at its minimum of 3 per cent.
The institution is shown to be steadily reducing the
amount of government securities held by it for so
many months. The increase in the public deposits
is satisfactory as regards amount, but owing to the
changes above adverted to, the increase in the reserve
is very trifling. On the whole, this return is of a
tranquillising character.