The Express.
London, England, 1847-08-02 00:00:00

MONEY MARKET.

SATVIIDAY EVENING.
The market has been quite inactive all day, as at
this season of the year is usually the case in the latter
end and the beginning of the week. The paucity of
business favoured, however, a slight recovery and
greater fir nines. of prices. Consuls lift off 88:i for
money, and 89 for account, or something less than
improvement upon the first quotations of the morning.
kedueed Threes 89 to t' • Three-and-a-Quarter per
Cents. 001 to 91. Exchequer Bills, 7s. to 10c. pre-
mium. India Bonds, ss. to Bs. premium.
The dealings in foreign stocks were rather more
numerous to-day, but represented only for the most
part single transactions in those in which business
was done. Buenos Ayres sold at 381, and may be
quoted now at 37¢ to 93. The expectations of an
early adjustment of the River Plate question, now
that the new envoys from England and France are
known to have commenced negotiations on the spot
with Rosas, with the resumption of the payments of
dividends which it is hoped may follow, led to some
inquiry for Buenos Ayres stock, and to higher rates
being asked. Mexican left oft' 19 to 3_, having been
1 better in the early part of the day. New Granada,
193. to 20. Spanish Fives, 211 to 21 ; the Threes,l
31 to 3. Portuguese, 301 to 111. Dutch Two-and-a-1
Half per Cents, 571 to / ; the Fours, 903 to 1.
Belgian Four-and-a-Half per Cents, 94 to 5.
The tightness and the high rates of money accom-
modation, more especially experienced however in, if
not confined to, stock and other interests of a specu-
lative character, are in some degree to be accounted
for by the bank returns for the week ending the 24th
instant, referred to and analysed under this head this
morning. Those returns may be taken as an indica-
tion of the policy determined upon in the Bank par-
lour, and in view of what is threatening a money
market already so seriously disturbed, so lately in-
deed in the throes of convulsion, under the doubly
disastrous action of Peel's currency measures and the
food crisis, that policy can scarcely be condemned.
Its intent evidently is to keep money dear, and ac-
commodation difficult, although, for the concerns of
legitimate trade, accommodation is sufficiently af-
forded, subject to the higher rates to be paid for it.
With a loan equal to fourteen millions sterling'
already decreed by the French legislature, and hang-
ing over the market, for it is understood that in part,
if not in the whole, contract arrangements have
already been made with capitalists for taking and
working it on the stock exchanges of this city, Paris,
and elsewhere, it is quite natural that the Bank should
adopt the necessary means for guarding against the dis-
turbance which the withdrawal of money and capital
from this country on alarge scalefor investment abroad
could not fail to occasion. To this end the Bank can
act only by restricting the facilities under its own
control; by charging high rats sof interest; by being
chary of its loans ; by cautiously sifting the character
of the securities presented for loans and discounts, and
taking into consideration the probable destination of
the proceeds. Under the operation of this mode of
action, and held in salutary check by it, the most ad-
venturing capitalists will hesitate before embarking in
any speculations of foreign origin, and of injurious
home tendency.
There are, besides, other loans and money schemes
of indefinite magnitude which are hovering about the
money market, and waiting only an auspicious mo-
ment for bringing forth. Spain and Portugal are
still more pressingly in need of money supplies than
France, and much leas scrupulous about the terms on
which they can bo obtained.

11 per Ct. Bei. Awn, 111 0
I eer 24 pee per Ct. Oreenle Atter.. 1.4
N Ct. Amen, POI ll 1
1.41. Masi soder 1,0001 , T___

CO•6016 W ACCL, MI II
Vi. 111116. Ll/00. 66., 0 10 7
NU*, 1.1300, 0 13
Dim, •rll, 11 16

Cr. per C 6 Buenos ATP. Beads, 1111 3 per CI- 1tp..1.1. Bd. , CT. from
6 per C.. Chlitse /63846,97# 1 Noe., 1040,11
per Cr. 1)ee1.1 Bond* 1933.17 111 per Ci. Teseserla Bd.. Def.,114
p. Cl. Dutch Beinador 13 ode, 311 49 per Ct. Peittlee Bev. Er 130.,1111
1 per Ct. Gravels flood., 10 11 per Ct. Batch Exchange 11 Gall.,
6 par Ct. Mexican. 1141. 19 071
Dine, A.M.A.*. 17, 11 1 per Ct. ditto Ceniecates. 11
ZICHANOIS AID bTOCXII ABROAD.
Rayon. les, 19.—Beiglw. Lan, 1140, 150; Do 16.4. 931; Do.
1915, /di ; Do. of 11/ Cllp, 1843, 97. 18ensate en teeiSon. 16.31#.
A1t1,111.. lets 39.—tiseintede on 1.540 a, 13.43 411.
Vetsre•, /car 33—Austrian Fire per Cent.. 1061 ; Far per
07; Three per Orate- 89 ; Two-snal•Alledf per Costs., 03 1.565, 1534,
1331, Do. 11111,1121 . • But Num, 1411.
Asorrran.n. /sir 39 —Burk Aet. DtM, Twit..ll4l-9,-Ralf per Cab., /7
mime. 971 billei Thaw per Poet. 691 money. 7019114. 4 Tony per Crete.
tif# meaty, Fa bilk; Amert.ll7*t,Tlre•-.Ad•1.11.10 per Cot t.., 1.4 motel.
Coes.. Comp., Peer-e 0 4.14a19 per Clint., II) ...etre, 1691
bids. Illebainte Lake. 1103: two Bnetlu, 11 43. Barnhill.,
33 61; two mantle, II 25. Psi*, 1481; two mewls, GI 11.