The Express.
London, England, 1847-01-04 00:00:00

MONEY MARKET & CITY INTELLIGENCE.

The loan operation said to have been concluded
betwven the Banks of England and France, by which the
form. r is reported to have agreed to waist the latter with a
certain amount of silver or gold bullion, either dir:ct
or through the medium of exchange combinations, is un-
gaging attention-in city moneyed circles. Neither the
conditions nor the amount of the loan have yet transpired ;
nor perhaps will they be permitted to transpire for some time
to come, with any exactitude. It is of the nature of such
transactions that all possible secrecy is essential to their
SUCCeIa. .

A morning paper supposes that the loan may kave been
made direct, by the transmission of so much silver
bullion in bulk to Paris, against securities to be lodged here
by the Bank of France. It is lic,reely probable, however,
that the affair will be managed in tat way. The object for
the Bank of France will be equally attained by re-
mitting payments on its account to those foreign
countries to which France is indebted on balance, and
thus obviating the necessity of the direct remittances of
specie which constitute the drain under which that bank is
now suffering as by the direct transmission of so much m. -
tallic value into its treasury, the indirect operation wo old
probably be the more economical of the two. That securities
may be lodged somewhere by the Bank of France is likely
enough, but we do not think they will be placed with the
Bank ofEnglsnd. The Dotty Newt fist mentioned a week
ago, or more, that the visit of Baron James Rothschild, of
Paris, to this city, was connected with this project of a loan
operation,which has now bean brought to a conelnsion by
iottiier, the eminent capitalist of the same place,
also a director of the Bank of France. -

Half-pare Tao o'Clock.—We have no movement in the
Funds Mace the commencement of business. Consols opened!
at 93; to 4, and so remain, with little business. Exchequer
Bills are 7s. to Us. premium, which show a slight decline
upon last week's rates. Consols, on the contrary, are rather
in advance upon last quotations.
The appearance of a second edition of the Daily News,
bringing intelligence from Lisbon to the 29th ult. exclusively,
to the effect teat Saldanha had been decidedly successful in
an action at Torres Vedras, created some excitement in the
foreign market, but has made so far little alteration in the
prices of the bonds,,' s the sympathies of the jobbers and holders
are rather with the insurgent party. They are,however,quoted
rather better, at 37 to 8, but with few transactions. Mexican
remain 211 to 51. Spanish Fives, 26/ to / ; the Threes, 36}
to /. 1
ENOUSH 11:124D5.
Bank Stock, 205 6 Ditto for Acct., 931 4
3 per (1. Red., 04 1 31 per Cents., 051 1
3 per Cent. Cbusols, shut Exchequer Bits, 7. 11s.

POREIGI
5 per Ct. Austrian 8118., 941
44 per Ct. Bebean Dds., 95y 64
24 per Cent. ditto,
S per Ct. Brazilian lids. 86
3 per Cent. New Brut. Ndn., 618
6 pre f.. Buenas Ape. Bd., 42 4
6 per Ct. Chiltan Ms., 95 7
6 per Cent Columb. &L IM.,
Columbian }Anadyr Ms. 31 1
3 per Ct. Danish Dde., M 8
21 per Ct. Dutch Ms. 594 j en. el.
4 per Ct. Dutch Certs., 92r 31

FUNDS.
1 per Cent. Grenada Bda., 191 201
Grenada Deferred 31 4
5 per Ct. Mexican, 1944, 241 11
6 per Cent. Peruvian Bda, 7911
Portutnwee Cony. Bda., 37 8
3 per Ct. &noun 13,11., 110 12
3 per Cl, Spanish 13da., 261
3 per Ct. Spanish Bda., 76 ez d
Elpanivh Deferred Bda., 17
Spanish Plosive lids., 52
2 perCl.Venesuela Bdr., 391 104
Venezuela Deferred Bda., 114 12