The Express.
London, England, 1846-10-27 00:00:00

MONEY MARKET.

MONDAY EVININO.
A sort of gloomy feeling seems to prevail in the
stock market, for which it is not easy to account, or to find
anybody who can. Different causes are assig. ned by as many
different parties, but each, separately considered, is of little
comparative worth, although in the aggregate they may
weigh for something. The condition of Ireland appears, on
the whole, somewhat improved, and, it may be hoped, is im-
proving. The Spanish marriage question is apparently pass-
mg inso the region of fails accomplis. The Bank, if it had
lost a million of hard money withiu three weeks, as up to the
returns dissected iestent:i was shown, remained tif:, with
over fifteen n'22,..0ns in stock, f..”.• ‘......iqc:ably more than half
the amount, therefore, of the total note issue, and more than
two-thirds of the circulation active. It is true that a drain
of the metals to some considerable extent may be anticipated,
if not now in progress, from the vast imports of bread stuffs
and othercomestibles from many quarters, above all from the
United States, to be paid for. It may be gathered, also, that
a supplementary export of coin or bullion may be expected
for other purposes, should the contents of the paragraph of
money news from the Union, which appeared in yesterday's
Express, be correct.
It is not often, however, that speculations in the funds are
based upon, or prices affected by, such remote contingencies
as a probable drain of metallic values, although the more
wary capitalist bolder, coolly calculating for a distant day,
may be preparing long beforehand for a depreciation of
values, by quietly diminishing the stock he may have at
stake. It will rather be the course of the political events of the
day by which the mere speculatoraare influenced, and which
haveled probably to the decline, and still downward tendency
of the funds. Although the market for several days past,
indeed almost since the sentlement, has presented so quiet
an appearance, and with so little of active business in pro-
gress, yet it is asserted that operations for the fall have been
carried on to the extent of between two and three millions,
for the account of course. The fact itself can count for no
more than an expression of opinion after all of the parties
operating, for as there are sellers' so on the other hand
there must be buyers, who as such must have arrived at
opposite conclusions. The prevalence of the disposition to
sell, however, must be held to determine the balance of
opinion to be against any improvement in funded values
for the present. A mote favourable political atmosphere
might however change the face of affairs in a day.
Under the influence of the opinion prevailing, consols
were still in decline, and left off, as they had been during the
day, 941 to 1 for money, and 941 to 5 for account. Reduced
Threes, 931 to 1 ; Three and a Quarter per Cents., 951 to 1.
The government broker took 5,0001. Three and a Quarter
per Cents. at 951 for savings' banks; 5,0001. more at the
same price for the national debt ; and 7001. for savings'
banks life annuities. Exchequer bills fell just before the
close business to I Is. to 14'. premium. Long Annuities, 91
to 15-16ths. Bank Stock, 205 to 6. India Stock, 258 to 9.
Foreign stocks have met with little attention to-day. The
unfavourable news of the war from Mexico acted upon the
stock, which, after being done at 221, left off no better than
221 to 1. Venezuela, 41 to 3. Buenos Ayres, 44 to 6.
Chilian, 98 to 100 ; the Deferred, 52 to 4. Spanish were
rather lower, the Fives being quoted 261 to 1 ; the Threes
371 to 1; Deferred, 161 to 1 ; Passive, 51 to 1. Portuguese,
41 to 2. Danish, 86 to 8. Russian, 110 to 12.

I,ll2lTDB.—Oce. 26.
Rank stock, 206 5 India Bonds, under £l,OOO, 26
3 per Cent. Reduced Anna., 931 Conaola for Acct., 941 5
3 Per Cent. Console, Anne., 91 Ex. Rine, lad., 12 161113
New 31 per Cent. Anna., 951 1 Ditto, E. 500, 12 15 11
Isng Anna., expire Jan. 5, 1660, Ditto, swan, 15 12 11
93 15-16