The Express.
London, England, 1848-06-09 00:00:00

MONEY MARKET.

TIIVIODAT
As might be expected on the eve of the settlement
in Consols, some flu-tuations in prices occurred to-
day, but not to any important extent. Consols opened
at 84 !, advanced to b 4; to .1, and were done at
84j, receded at one time to 841 sellers, and left off 841
to money price. At the official time for declaring
options, so evenly were price and opinion balanced
that Consols were both " put" and "called" at 84.
As prices subsequently declined, and became 81
sellers, the present advantage rested with the parties
who" put" the stock. Some parcels of money stock were
brought to market as prices improved, and appeared
to be firmly supports d, but the immediate result was
the depression of the quotations, which may ba taken
as a sufficient indication of the fact that opinion in
the Stock Exchange does not ran in favour of any
particular and solid improvement in stock values, but
the reverse. Prices have hitherto been kept up remark-
ably by the force of money ; that is, by investments
of unemployed and unproductive home capital, with-
drawn partly from commerce and industry no longer
remunerating, preferentially seeking safety, with
small returns of interest in the funds, rather than
in other securities offering greater profits, but
supposed to involve greater risks ; further by the
investments of large amounts of foreign capital real-
ised, and removed here for better security in the
anarchy of revolutions which more or less may place
in jeopardy all property, or tangible pro •erties, abroad.
But although, with a deficient and troubled Exchequer
at home, and the too probable occurrence of adverse
political events abroad, the stability of the present
rates of public seem ities might seem to be threatened,
yet there are not wanting causes of counteraction
sufficiently powerful to neutralise the influence of ad-
verse circumstances, if not indeed to en errule them. The

more proximately effective of such causes is the forth-
coming payment of dividends, which must bring for-
ward a quantity of capital for competition in
the money market, or for investment in public
securities. Quarterly dividends following must
assist in maintaining the equilibrium of values.
Moreover, every fresh outburst of revolution
abroad must always end in so much more foreign
capital seeking refuge here. Fluctuations in the
funds may be probable, and more than probable, there-
fore, even to the extent of 2,3, or 4 per cent. in the
progress of an account. But their character will most
likely be more that of sudden impulse acting upon
speculators, and arising out of some extraordinary
event of the day, than of any really substantial cause
for, or conviction of, the necessary deteri,eation of
stock values.

Reduced Threes were 1112. to :. Three-and-a-
Quarter per Cents., 83 to I. Exchequer Bills, 345. to
38s. pm. Bank Stock, 191 to 3.
In foreign stocks there was little done to-day.
Spanish Fives were 12 to 1 ; the Three., 221 to 3;
Passives, 3t to Portuguese, 16 to 17. Dutch
Two-and-a-Half per Cents. were better, at 424 to
31 ; the Fours, at 621 to 34. Brazilian were worse,
at 66 to 9. Mexican, 15 to 1. New Granada, 11;
to 121. Venezuela, 16 to 19.

Bank Stuck. 191 28,
3 per CL Bed. Anna. ri 3 23 3KNOLIBE
3 per CL Console, Anne.. 843 3
New 3! per CL Anne.. 831 i
Long Anne.. 30 )mr.,.. cop. Jan. 5,
leal, 611 16.
FOREII3I
5 per Ct. Braslllan Rondo, 67
Ditto Small, 68
3 pur Cent. Danish Bon le, 1825,63 5
per 12.0 L Melloan, 1848, Acct.,
June 16. 151 i 1
Spec et. ktunilan Bonds, LS=..O St.
861

FIINDS.
18..01 Sou New Anoußica CrA
I Comas fen Acct., eat iff
Et chequer Stile, f.,1,0110, 2d.,
Dift04,,t5r.37 4 pm.
Ditto, Small, 31 40 pro.
FUNDS.
per Ct Spanish 11M., Div. from
Nov.. 1140, 12
Ditto Aeet . Juno 16. 121
3 per Ct. Spanieh Sonde, 2^f j
21 per Ct. Venezuela Bonds. 104
2j por Ct. Dutch az., 12 Dull.. 424
4 per et Dutch Certiacatwe, o 3 1
LNORANOES AND STOCK, ABROAD.

A , Jena d.—Act. nob& Twowied.w Half rer Cents., MI 421;
Ditto, Three per Cent., 484 0; Ditto, Four per Ceuta., 63e olf ; Amore
Four.andirlfalftifer Cents., 62164 ; Corn. Cony
lan., Four and &-
I per Cent.. 1174 11 . Exchange on London, 11.07; two mongol,
11.07 ; on flainhurg, 34.,5; two month*. 14.87 ; ole Diu* 66,26; two
months, 86.75.
tinuenna, Jr:es 7.—Belgtan Lawn, IMO, 664 Ditto. 1842, 664;
Ditto, 1844, 62; Ditto. 1836, 56; Ditto, 1826, 454; Ditto. 1632. 174 ;
Ditto, 1843, Mi. Bank of Bel/num. 36; tune o(1841, tO. Exchange on
London, 26.674.
AITIWIIIt, June 7.—F.mintive on London, 25.00.

AMSTCRDANI, Jume 6.—At the opering of the Bourse
the inland foods were in request, but towards the close
there WAS a considerable depreciation. Commercial com-
panies shares were higher in price. Spanish and Russia
were in more de •:end. Portuguese and Brazilian were im-
proving. Peruvian were flit. The other funds underwent
no change.