The Express.
London, England, 1851-01-31 00:00:00

MONEY MARKET.

THIS DAT.

Two o'Czoor.
Notwithstanding the prop afforded to the market
by the continuance of the purchases by the govern-
ment broker, who operates with great regularity
every transfer - day, the English fends, far
from showing an upward tendency, scarcely main-
tain former price*. Various causes combine to pro-
dace this effect. One consideration, which perhaps
exercises a more powerful influence than is generally
weribed to it, is found in the uncertainty felt
in moat quarters as to the course of policy which will
be pursued by the Bank of England as regards the
fixing of its rate of interest, this uncertainty bring
further increased by the contradictory rumours afloat
on the subject. Unfavourable reports as to the sta-
bility of the cabinet are also more confidently revived.
To the caution on the part of operators, induced by
these two considerations, the slight depression and
comparative quiet of the stock markets are doubtless
chiefly attributable.
The Control market opened at yesterday's range,
964 to 1 both for mosey and the account, at which
quotation it also stands at the present moment, though
tne price in the course of besiege@ temporarily went
down to 961 for cash. In none of the home securities
are the tranactions extensive. The prices officially
marked are : Three per Cent. Coesols, 961, 1,1; ditto
for account, 961, 4. Three per Cents. .11-duced, 971,
; New Three-and-a-Quarter per Cents., 981, 1,, 99.
In Exchequer Bills there is more movement, and
the price is firm. Bills of all descririons have been
transacted at 595., 615., 56L, and 61s. prem. India
Bonds, at 68s. and 71s. prem.
In the market for forego bonds the rettlement
of the fortnight's account has formed the chief fea-
ture of business, end has resulted in imparting an
upward tone to prices generally, especially Mexican,
Peruvian, Dutch, acd bpanish, all of which have met
with business at higher figures. The sales reported
are: Brazilian Old Bonds, small, 894. Danish Five
per Cents., 1021. Two-and-a-Half per Cents., Dutch,
581; ditto Four per Cent. Certificates, 914,1. Mexi-
can Bonds, 331, lex div. Peruvian Four-and-a-Half
per Cents., 1849, 794 80; ditto for account of the 14th
Feb., 80, 4; ditto Deferred, 35, 36. Portuguese Four
per Cents., 36. Russian Five per Cents., 113 ; ditto
Four-and-Half per Cents, 971. Spanish Active Five
per Cents., 181, 1; ditto Three per Cents, 38. Ve-
nezuela Two-and-a-Quarter per Cents , 30.
The following are some of the rata of continuation
per share and per cent :
Pa share Pa Cent.
York and North Midlands 1 16 7
Brightens
Great Western.
South Wasttma
Caledonians

London and North Westerns. 10.15
Midland"
Lancashire and Yorkshire 1 12
Blackwell' l-32 12
Great Northern' A 1 32 13
Great Northern' B
Doren
Great Northers i 18
Bhrewsbery cud Birmingham 1 16 i 25
York and Newcastle
At the last account, except Oxford and Worcester.,
which were high, the rates were not above seven per
cent., and in many cases very low.
The nature of the account will best be seen by the
following statement of the highest and lowest prices
of shares :

60Abertiern ...... ..... .... 1
.... 1 '.
60 Caledonian
50 Chester end H01ybea1..................... 17
20 Eastern Counties ...................... ....
23 East Lancerhlre ... 1
23 Great Northern
100 Great Western
100 Lanceshire and Yorkshire .............. N ............ 334
115 London and Blackwell
100 Londoe, Brighten. and South Omit.. IS ••••µ915
100 Lawton and North Western 1255 •
122
100 London and South Western B7 ... 731
100 Midland 63
13 North British
7
175 North Staffordshire 8
30 Ostord,Worcester,tWolverbroneton 17
30 South Eastern
25 York, Newcastle. It Bennet l2lll 1 1
30 Tort and North Midland
The fluctuations have been very considerable in
this account, and though they have chiefly the effort
of making up for the depression of the December
account, yet in most cases the fluctuations (which
have been for the rise, except in the case of the Ox-
ford and Woroesters) have arisen from improvements
in the traffic or dividends of the lines, as in the case
of the South Westerns, Brightens, and Great West-
erns. The following shows the fluctuations per
share and per cent.;
Per gin. Per cant.
South Welters'
North British
North Stafford.
York sod North Midlands
Oxford sad Wort:asters l4
Midlands
13
13
London sad Blackwell
Brawn Counties

Great Westerns .. .
Caledonian'
II
83uth Eastern'
York and Berwick.
East Lanca'hire
Great Northern,—
Lancashire and Yorkshire
Canter and Holyhead
Brighton'
Aberdeen' . i
London and North Westerns
- .

In the last accoont the fluctuations were very
trilling, prices being still depressed, except Oxford
and Woroesters, which roes 16 per cent.
There has been • fair amount of buiness going
forward in the market for American stocks this week,
prices remaining quoted as before.
The last quotations of exchange at foreign places
on London at the shortest dates are :

Previous
Quotations. Last.
Amsterdam
Antwerp
Bremen — 6 14
Berlin 6th. 181 6th. 194
Charleston lOBl 109
Cognitive'
Christiana 4 &pilau 66
Frankfort
Genoa 26 08
Gothenburg
Hamburg
Haven na lO9 1094
Leigh)
Madrid
Mauritius
Manilla
Milan
New York llOl 1 1101 6
Now Orleans ....
Odessa
Paris
Venice 291. 16
Vienna
The traffic returns for the put week on the under-
mentioned English lines of railway, en made up to thin
day, are as follow. :
1861. 1850.
London and North Western L 38,762 .... 39,347
Great Western
Midland
London and Soma Western 8,038 ••• • 7.089
Lancashire and York aim 11,424 .... 11,419
London sad Brighton
South Hastens 9,248 .... 7,731
York, Newcastle, and Bow-
wwii 13,142 .... 10,374
North Staffordshire
Bristol IN Exeter 3,348 .... 1,246
Lie& asi Skink
Shrewigemy & Birmingham 639 ..
131=IInion
Burton, Mat-
leek,ead Midlandilunetion 86 .... 76
South Devon
Bolton, Blackburn, Clithe-
roe and West Yorkshire 660 .... 414
Lim:poet, Crosby, & South.
_.Pmet 1 292 .... 68
Aaschettor, South Junc-
tion, and Altvinettam 379 .... 299
London and Blsekwall
Chaster sad Holyhead

Total £139,283 £125,825
The total receipts on the corresponding lines were
125,8261. in 1840, and 139,2834 in 1861 i showing an