The Express.
London, England, 1846-11-12 00:00:00

MONEY MARKET.

WEDNESDAY EVANING.
Money was not quite so easy to-day. At the Stock
Exchange it was in pre sty active demand at the rate of Two-
and.u.llalf per Cent. for, of course, limited periods, and on
the security of stock. The English funds, notwithstanding
this, were done at advanced prices. The government brokers
made investments on account of the savings' banks and the
friendly societies, as well as on account of the commissioners
for the reduction of the national debt. These frequent pur-
chases for public purposes tend materially to uphold the
markets, which, however, would appear to have felt the
beneficial influence of the fall which has taken
place in the price of corn and other articles of
general consumption. Consols left off at 941 to 1 for money
and account; Exchequer Bills at I Is. to 14s. premium.
Very little wu done in foreign stocks, few things only
commanding an actual quotetiou. Two-and-a.lialf per
Cent. Dutch Stock, 591 to I ; the Four per Cent. Certifi-
cates, 9'2 to 1. Mexican, 22 to l ; Brazilian, 84 to 5.
The declining state of the foreign exchanges, as shown
under this head this morning, by the rates negotiated yes-
terday ou 'Change, is attracting observation, and making
some impression in banking circles. Money is not so free
now as it has so long been, and a disposition is evident with
money-dealers to be chary with advances and discounts,
except for short periods, whilst in all cases a fractional per
centage more is required for accommodation. We must ex-
pect shortly to have heavy payments to make against the
supplies of bread stuffs derived from various quarters. Bills
in quantities, and in the aggregate for large amounts, have
made their appearance on this market drawn from places on
the Black Sea. Even from a place comparatively so incon-
siderable as Galacz on the Danube we have seen bids by
almost scores in a banking-house received in the course of
the day's transactions. The drawing for cotton sad pro-
visions from the United States must form an immense bulk
of values this season, and it is clear, if exchange there foes
down to 107. or below, gold will be preferentially required
and exported. Well supplied as the Bank may be, and is at
present, and able with no great inconvenience to meet a de-
mand for gold, the result would be is any case a less abun-
dance of money and accommodation, and, therefore, • rise
in the value of money. We do not deem it necessary to
notice every slight variation in the value of money, and still
less to provoke an alarm, but the present seems a fitting sea-
son to call more particular a.tention to certain signs which
would appear to betoken a change in the market of money
values.

ENGLISH FUNDS. -Nov. 11.

3Bankper Ct.Stccilk, Taedsi --
Reduced Annuiti-- --
05,93$
1
per Cent. Cons., Anna, 941
New si per et. Anna, 95$ 4;
Long Annuities, expire Jan. 5,
1860, 94 13-16
Ditto, 30 years, expire Oct. 10,
1859, 9j 11-16

Long Annuities, 30 years. expire
Jan 5, 184:0, 10 1-1 G 3-16
India stock, 257 5j
India Bona% under £lOOO, 24
South Bea New Anna., 941
Consols for Acct., 041 1 1
Ex. Baia, .1.0 u. 114., 11 14
Ditto, 500/., 11 14
Ditto, Small, 11 14

FORM]
5 per Ct. Brazilitn Bonds, 811
3 per Cent Danish Bonds, 88y
6 per Cent Mexican Ms., Acct.,
Nor. 16, 221
per Cent. Portuguese Bonds,
Amt., 38
EXCHANGES AN

FUND&
2i per Cent. Dutch Exchange, 12
Cul. 291 i
4 per Cent Dutch Certificates,
926 2

BTOC."KS ABROAD.

PAWN Nov. To.LE;;;;Tfoil;;;,Fig;;.—rslielT;i;was manifested
in the public Biscuit lee generally, to-day. The Three per Cents. rose
gradually and steadily from 82 25 to 82 .15, and the Fire per Cents.
from 117 40 to 117 80. The same undener was visible in the shares
those of the North opened at • 37 and r••,,, gradually to 6;0. while

LAID.

4 1,

161
3

of Lyons, in like manner, roes from 500 to 5021. Three per Cents.,
62 35; Fite per lento, 117 80; Four-and-a-ILdf per Cent., 112 ;
Four per Cents., 106; Belgian Five per Cents., 1840, 901 ; Naples
Remits, 102; hOOl2ll Ulan, 100 ; Tremury Bann, 311 ; Bank Shares,
3470. Exchange on London, 30 day's, paper, 23 521 ; ditto, 90 days,
ditto, 2340.
Mauro), Nov. s.—Three per Cents., 344 money; 3411 paper. Four
per Cents., 211 ; Five per Cents., 211 ; Passives, 64 ; Coupons, 20.
Exchange on London, 36/. Discount, 6 per cent.
A/Milan/Al, Nov. 9.—Act. Debt, iMo-and-a-lialf per Cents., 581
59; Do., Three per Cents., 701 704 ; Do., Four per Cents., 92 921.
AmonSynd., Four-and-a-Half per Cents., 874 68 ; Commercial
Company, Vour-and-a-lialf per Cents., 173 1731; East India Loan,
914 821.—Exchange: On London, 12 7 ; two months, 12; on Ham-
burg, 33 62 ; two months, 33 25; on Paris, 36 43 ; two months,
36 6.
VIC.NNA, Nov. 3.—Five per Cents, 1081; Four per Cents., 991;
Three per Cents., 71; Loan of 1834, 1561; Ditto, 1839, 127 •
Bank Shams, 1,353. Our exchange was very much agitated to:
dal', and the prices which oould not be kept up yesterday, fell
still lower tadar, and, iu spite of many efforts to keep up the
shares in the railways, they fell considetably. The lowest price of
the Northern Rails ay was 1611, and that of Venice and Milan, 1041.
The prospect is in general very gloomy, and, under ruch dream-
Menem, the discouragement increasto. Notwith,tanding this, money
was not scarce.
__Brous, Nov. 6.-Bt. &bald Sch. Three-and-a-Halt ter Cents.,

934 93.
Bourget" Nov. 9. Loan of 1840, 10114 ; Ditto, 1844, 08 ; Ditto,
1836, 95i ; Ditto, 1838, 725; Loan of the City, 1843, 90; Bank of
Belgium, 925.—Fachande on London, 25f. 65c. ; two month,., 25f. SOc.
Airmerne, Nov. 9.—E:change on London, 25f. 6.5 e. ; two months,
25f. SOc.

STOCKHOLDERS CHANGING THEIR RESIDENCE.-
your correspondent, "A Subscriber," handed over the pro-
bate to his stockbroker, he would have proved the death at the Rank
fur him, and made no charge, such being the usual course of business.
—E. 11.

RAILWAY NEWS.
The tone of the aharemarket was altogether better
yesterday, the improved state of the consol market and cir-
cumstances of varied iwport having a financial bearing,
serving toexplain sufficiently the cause of the change. The
decline in the prices of corn and other articles of food, has,
no d'ubt, imparted renewed confidence to the holders of
scrips and shares.
At Livet pool, the sharemarketdid not show any symptoms
of improvement ; on the contrary, though there was a good
deal of business done in the lighter stocks, it was at rather
lower prices. HuOdersfields and Dcwsburys were wanted
for cash principally. Thinks gave way, but ultimately gained
their old price, 31 dis. Birmingham and Oxford, and Dud-
ley. were lower; the former 61, the latter 61 prem. North
Staffordshire., too, were easier—sellers at 31 prem.
The sharemarket at Manchester was quiet, and but a
limited business done. Prices had a downward tendency.
Business at Birmingham was remarkably. brisk; certain
announcements which appeared in the morning papers have
caused nearly all the (narrow gauge) lines in connexion with
that t.rwn to go up considerably in price, whilst Dudleys and
Oxford Junctions were somewhat fiat. Stour Valleys went
up from / to 11 pm., with sellers at the close only at 235. Od.;
Shrewsbury and Birmingliams went up to 1, with sellers at
1 pm. ; South Staffordshire Junction Regiatered Scrip was
done at '2ls. 3d. pin. ; and Trent Valley Midlands at 21s. 3d.,
but ultimately at 1 pm. There were sales also in Amber-
gates at pm., with a downward tendency ;in Birmingham
and Oxford Junctions at 61, and in Dudleya at 6; pin.
At Leeds the sharemarket was rather dull, and prices had
a downward tendency. Leeds and Thinks declined from 21
dis. to 31 dis. ; Huddera:reld and Manchester from 41 to 4/
pm. ; Dewsbury Branches from 71 to 7 pal. ; East and West
Ridings from 16 pm. to 1.51 pin., whilst West Riding ad-
vanced from 31. 12s. to 31. 17s. and York and Newcastle
(New) front 131 to 131 pm. ; Leeds and Dewsbury remained
firm at 111. pm.
At Bristol the market retained its firmness. North Staf-
fords opened at 31 pm., hut were afterwards done at '2l and
21 pm.; Great Western (New), 51. 7s. lid. pm.; Bristol and
Exeter (New), 41, 41 pm. • ' Taff Vale (New), .1 pm.; New
Midland (501. shares), 41, 41 pm. ; North British (1 shares),
31; North British Extension, 11 pm. ; . Bristol Water
Works, 41.
RAILWAY SHARE LlSTS.—Lonoos. Nov. 11.
Norm—The quotations of lines in lto:nan characters denote actual
: those of lines in Italics sellers' prices.
PAID.
101 2 NI: nc. Leeds,! 5$
zit 13 3 Do. Fifths.
.`a 1 Op. of Do. Sixteenths
. 128 130 its Do. Extension
.p. Do 2 40 Ntandiester tr. Bins
alit 1 5
5 Do..
1 :shard B
A
. Do.
. J I Do. Do. C
501. Manch., Bus., & Mat ,
11141. ,o:ttgli's-dh—Pl
rlia 2i Do New
100 Du. Ihrm. & Derby'
20 Newcastle & Berwick.
111 4d. 255
NeDwom. rae2iej/ds.
Y 5 North British
I Do. a shares.
5 Da. l'4llks
11 Do. I shares.
00 Norfolk
7 Do. shores
in Northern 4. Neatens
Do. M-rip ((a.s dia.)
124 Do. 1 shores
Do. Nes. '
12n North Staffordshire
31 North Wales... ..
12 Dar., Wooden, & WoL
31 Portsmouth Direct
21 Preston and Wyre ;
41 Do. 4 shares
00 Acield ,k
Do. Lincoln. In.—
Scottish Central
2 Scottish Midland
3 Shrewsbury & Bina '
12s Shropshire
* South Devote
14 S. Eastern* Darer.—
o Do.N.(tes. 811.)No.1
2 Do. N. (3a/..a.aa1.)2
5 Do. N.(des $
21 Go. N. do. 15/.) 4
5 South Wa es
,1 Waterford 4. Bilks*.
12s West itiding Bedew
O Som., &
2i 'York and Carlisle
5 IYork and Newcastle
5 Do. New
3 York and North Mid.
5 Do. A shares
1 Do. Selby
Do. Cinema's
[ Do. E.&W. Itidg.Ex
FOREIGN IGILVIAVP.
Boulogne and Amiens
Hord nuLeetteCnat.
Dewier Valley
x. iNrect Bomb. Madre
Dutch Rhenish
IlEaffit Indian
Gt. Southn. of Madras.
it: rear West. Brutal.
(it. Nor. France Cons
'Louvain a la Sambre. .
• • •

!Aberdeen
, diuber,rate
Birunugh. & Dudley I
Birmingh. 4. Gloster.
Do. New Os.. 7, d)
Birm. St Oxford June
Bristol and Euler...
Do. New
Bri,tol a Gloster
Buckinghamshire
Caledonian
Do. 4 shares
Chester 4- Holyhead.
Churnet and Blythe
Cornwall
Direct Northern
4 ihiblin 4. Belfast !wt
!Eastern Counties
Do. New..., ........
Do. P.sper C. No.l
I Do. Da. 2
Do. Trk. Extension
1
East Lancashire
Do. New
I ESA Lincolnshire

em.
.24
• 11
In•
119 hi

r 73 73 4:
20e
17 18 11
3p.

Easters% l maw
Edinbloyh& Glasgow'
Do. a shares.
Do. I shares .
&limb. and NarilsWstl
Ely 4. Huntingdon ..I
1 Euler, Yeov., Doreh
Glasgow., Elton.* Ayr
Gt. So. & West (he.)
I Gt. North of England
Do. Neu'
Do. New
Do. New
Great Western
,:Do. shares
Do. shares
Do. Fifths
Do. New
Huddersfield, Mena%
Do. Retention
Roll and Selby
Do. 4 shares
Do. shares
Ipstr.4. BucySt. Elms
Do. do. Norwich
Lancaster 4. Carlisle:
Do. New
Leeds and Bradford
Leeds and Thirsk
Leeds, Dews., Manch.
Leicester 4.
Leif-44.4 Birmingham
Lis. Man. $: N. June.
London & Blackwall
Do. New
Loud. Brighton, S.Co.
DJ. Du. Fifths
London 4 Vroydon
London+& rfrernorich
London N. Western
Do. 4 shares
Do. New shares
Do. Fifths
Do. Eighths
Do. N. las.
D0.40"5h.,
London & S. Western
Do. Ness Cons.B.ths
Do. New
Do. New .. . ... .
London and L-ork
Lon., Solis., 4. reurii
Lynn and Ely
Lyra and Derehons
Manchester, Leeds
Do. 8 Mons
Nov. 11

las
$4 s6p

se
184 194 41
137 st
79 31
• lai I 2(
. 717 1
1 4ii
41p.
.Ip.
.108li 4 I
.28 21p. 4

; ii i 6: lii
. par. Ip.
lc :18 26p. 2;
.51 6p. 54
741 2;
. 16

d113 I-

19491 C
P.
X 1978

23jis 16
.1

..1760.
.73 6
.121
.76 111).
. .
.117 ellp,
:111114 16
.13-16 6
- lOct
11
133 6 24

1111241
Y:2O
.1117 i

SIP•
73
23p.
IP.

$4 33

Irsd.

ltoi
.11

qui

. Luxembourg
.1.0
i Madras,Nel.,4 Arcot.
11 Namur and Liege
10 (khans and Pierson
..,8 7 6 Orleans & Bordeaux.
11 13p. 6 Paris 24. Lyons, Coast.
201 30 Paris and Orleans
23/ 20 Paris and Bourn
I Old. S Paris it Strad,. Cone
14 Idg 20 Nowa and Hume
16 1 10 Sambre and Menge
14 Strasbourg 4. Bale
1051 3 Tours&l4antes(Cnatis
91 101 p. 6 West Flanders 3
_.. Wen ;—R. Counting (York Extn ),2117,
.age, Glasgow (1 sh.), 91 p.—Leeds, Bradford, 197.
14. Western (new I 811.), 13,t 1 p.—Do. (401. ah. 1.. M.), 35 p.—
London, Mane ester, Birmingham (1 oh. It), 7i p. —Do. (1 sh. C), 16 p.
—Manchester, Bolton, Bury (Rein. sh.), 1 p.—Preston, Wyre, 34.
Sheffield, Manchester, 98 11...—D0. (1 eh., No. 3), par.-8. Eastern,
Dover, 381. - Do. (new sh., No. 4), 11s. 3d. 1 Its. 3d. 1 p.—Clydesdale
Junction, 14 p.—E. Lancnnare (No. 2, late Oem. and I'.), 41 111 41
1 I'p.—Edin. and Northern, 21 p.—Do. (131. sh., Newport!, 1 p.—
Great Grimsby, Sheffield, 31 d. Ditto (extension eh.), 1 d.—
11 uddersield C. and It. (13 pd), 4814 41 p. Do. (exteragica eh.)
111 p.—lluddendield, Sheffield, June., 41 p. Lords, Dewsbury,
11 111 12 111 p.—Do. (eaten. green), 111 p.—feeds, 711 21 3
31 1 4 d.—Liverpool, Bun:, 31 p.—N. Wales Mineral, 3 p.—Do. 1 eh.)
11 .—Ambergete, re. M. p.—Birkenhead. Lancashire, and . Jn.,
11 1 1 p.—Birminghain, Dudley, 61 p.—ltirmingharn, Oxford Jn.,
61 1 1 p.—Buckinghernalaire, 4 d.—Glasgow, Dumfries, 4 p.—Licer-
poo Manchester, NewcastleJn., 1 d.—Newry, Wurrenpffint, 1 p.—N.
Staffordshire, 313 31 p.—N. Western, 1 1 1 1 13e. 9d. p.—Shrswebury,
Hereford, 1 d.—Shrop. Un., It. and C. 1 J.—Sheffield, Lincolnshire,
1 d.—W. Ili ling Union, 2 38s. 9d. 2 p.—Demerara, 1 64. 3d. p.—
Dutch Rhenish, i 1 d.
Puts, Nov. 10.—Paris and Orleans, 1207 50; Paris and Rouen,
890; Strasburg and Bile, 217 50; Bordeaux, 538 75 ; North, G5O ;
Paris and Strasburg, 481 25; Tour. and Nantes, 486 25; Paris
and Lyons, 502 50; Dierme and Ficamp, 332 30.
MEETING THIS DAY.
Eastern Counties, London Tavern, at I p.m.

321 3p.
. 7
411 5
. 47 48
(2id.
.89

LONDON.-LONDON, SALISBURY, AND YEOVIL RAIL-
WAY COMPANT.—A general meeting of shareholders W. held
, yesterday at the London Tavern, Diatom:de street, to consider the
situation of the cirenpuny's affairs, and to decide ou the course to be
adapted. The chair was occupied by Mr. Boyd, who, in briefly open-
ing the meeting, barred, in allusion to the small attendance of
directors, that it was attributable not to any want of interest in the
prceeediairs or of respect for the shareholders, but to unavoidable
causes. The Hou. Mr. Ashley was in attendance on the Queen, and
other directors were confined at home be sickness.—The Secretary
, read the report, which, after tracing the history and progresn of the
undertaking up to the unexpected adverse deciniim of the Lords' Com-
mittee, and adverting to the grcot expense incurred in a protracted
contest, proceeded to say that, under ordinary circumstances, the
provisional committee would bare recommended the shareholders to
renew their application to parliament in the ensuing melon, but, in
consequence of the present state of the money market they had
entered into negotiations with the director, of the South-We stern
Company, with a view to obtain such a modittettion of exist-
ing arrangements as would citable tee shareholders of the London,
Salisbury, and Yeovil Company to retire from the undertaking.
Supposing the line to be given up by the London, Salsbury, and
Yeovil Company, the following is the offer made be the South
Western (tympany —" That the South Western Railway Company
shall pay down 20s. per share on tie shares insued towards the ex-
penses incurred, and a further sum of 30s. per share in the event
of the bill being got for the line from Salisbury to Yeovil. The
South Western Company 'Leto pay the excess of the expenses of the
London, Salisbury, and Yeovil Company, beyond the amount of de-
posit of 50s. per share of the extent of 34. per share on the number
of shares issued. In the event of theabove arrangement being curried
out, the present agreement with the S uth Western Company is to
be put an end to, and the portion of the line between Banireenoke mid
Salsbury Is to be made by the London and South Western Company
out of their own funds." The report then went on to state what
steps would be necessary in cane the company should not areept
this offer, and should determire to renew their applica-
tion to parliament in the next sessiun.—The Chairman moved
the adoption of the report, which was seemded. Mr. Jupe, of Mere,
referring to the contest of the Geed Western Company, said, an im-
pression existed in the minds of some of the shareholders, that there
was a clause in the Wilts, Somerset, and Weymouth Act, which, if it
had been urged before the Committee, would have precluded the
Great Western Company from oppceing the bill—Mr. Parker (solici-
tor to the company) said be was not aware of the existence of any
such clause. A resolution passed by the Committee of the Mouse of
Lords, on the South Western Company's opposition to the
Somerset, and Weymouth Bill in IBIS, had been unsuccess-
fully urged before the committees on the Yeovil bill an
precluding the Great Western Company from setting up
any opposition to a line through the centre of that
district. In reply to a ow.•lion front a proprietor, Mr. Parker fur-