The Express.
London, England, 1849-05-19 00:00:00

MONEY MARKET.

FLIDAT EVINING.
The improved feeling which we noticed in the
Stock Exchange yesterday has continued to-day, and
being of a quiet and steady character, it seems likely
to be permanent, especially as the exeunts of the
elections received to-day from Paris are calculated to
inspire confidence.
Console opened at 914 to 4, and afterwards ad-
vanced to 911 to 1, at which price they left off, both
for money and account.
The Three per Cents. Reduced were done at 90
and 901, and the New Three-and-a-Quarter per Couto.
at 901, 91, aid 911.
Bank Stock was more dealt in to day, and was
done at 194, 19.5, and 193;- Long Annuities exp.
Jan. 5, 1860, at 8 9-16; and expiring Oct. 10, 1859,
at 8 5-16. Exchequer Bills were done at 455. and
48s. prem ; but in India Stock and India Bonds
there were no transactions reported to-day.
In the Foreign securities there was not a greatly
increased business done, but prices were generally
better; we give the quotations of the actoal business,
is shown by the official lists, viz.: Brazilian Bonds,
at 79 ; Brazilian New at 761 ; Buenos Ayres, at 371;
Grenada, at NI ; Mexican, ex cowers at 294 and
291 for money, and at 291, 294, cad '24 for next
account; Patopece Five per Cents. at 78, and Four
tto. at 29 and 281 ; the Three per Cents.
Spanish at 331 for money, and 33 for the account;
retch Fivell, at 90fr., exchange 25fr. 30 cents.;
the Dutch Two-and-a-Half per Cents. at 491, and the
Font per Cent. Certificates, at 761 and 77.
In the Foreign Exchanges the rates were moms-
what higher than those of last post, with the excep-
tion of Amsterdam, which was a little more wanted ;
en Vienna and Trieste there was nothing doing ; we
give the quotations reported as follows :—On Amster-
dam, 12.14 to 2 (at abort, 11.194 to 12) ; on
Rotterdam 12.2 to 24; on Antwerp, 25.674 to
714 ; on Hamburg, 13.124 to 121; on Frankfort,
1211 to 4; on Paris, 25.65 to 60 (at short, 25.35
to 370 ; fon Marseilles, 25.55 to 60; on Genoa,
26.20 to 30 ; on Leghorn, 30.90 to 31 ; on Naples,
401 to 1; on Palermo' 1161 ; on Merida, 1201 to 1;
on Madrid, 491; on Cadiz. 491 to 50 ; on Ica bon
(90 days), 53; on Oporto (90 days), 531 to I—all at
three months, unless otherwise expensed.
We have more than 'nos adverted to the unrea-
soning panic in the railway share market doriog the
last week or two, which doubtless was to be attri-
buted to the disclosures made by the oommittees of
investigation appointed by the shareholders of the
York, Newcastle, and Berwick, and the Eastern
Counties Company, and the fact that committees
were pursuing investigation', and reports were im-
pending, on the affairs of the South Eastern, the
Midland, the York, Newcastle, and Berwick com-
panies' and that similar investigations were sug-
gested by the doubts and suspicions entertained
with regard to the management and accounts of some
other lines, such as the Caledonian, the Great Western,
the South Wales, and the York and North Midland,
and North British, &c. That such inquiries would
prove useful, even in cases where a mere suspicion
rested upon the management, we have endeavoured
to show, and we think its utility is amply demon-
etrated by the effect produced on the market by the ap-
pearance of the South-Eastern report, which, if it does
not entirely exculpate the directors of that company el
all the charges brought against their management, at
least shows the extent of the evil, and enables the
shareholders and the public to form an estimate of
the value of the property, and to know the real state
of the case as to the past proceedings of the directors
with the funds entrusted to their care.
We can only repeat the expression of our oonvic-
tion that tke directors of other companies would do
well at once to take steps to put forth authoritative
statements, under the sanction of impartial and com-
petent committees of inquiry, if they hope or desire to
set the public mind at ease regarding their several in-
vestments in the railway stock of the kingdom.
The Bank of England averages for the week end-
ing the 12th inst., when compared with the week
Priesdinis give the following resells:
Cassebiles him .... 117.460,626 Daemon IS 34.4.0
Ctionlehn Mtn 15,94360 Detrain 658.045
Pubes 9,177,963 Imam 613 934
our as
OwwarllrmMisls 1 1053,009
'10,013,111 Doormo 98,191
Coin sad IsDea 14.307,793 herons 30,045
Mess fay oadedier 1,190,943 ...... loners 17,001
'ha1er....... 9,116,033 nesters kas