The Express.
London, England, 1849-11-26 00:00:00

MONEY MARKET.

SATURDAY EYRNINO.
The business on the Stock Exchange to-day, with-
out being important, was at lent characterised by
greater firmness, and an improvement in the English
tunds was the consequence. Consols cpened at 94;
to 4, both for money and account; they soon became
buyers at 1, and then rose to 91;, in consequence of
the impulse given to the market by a large purchase
of money stock, which was made by the broker of the
Court of Chancery. The official quotation at the
chose of business was 941 to both for money and the
12th D.eember.
Business was done in the Three per Cents. Reduced
at 931, Z, and ; the New Three-and-a-Quarter per
Cents. at 931 and 941; Long Annuities (expiring sth
January, 1860) at 81 and 7.16 ; ditto 30 years, at
8 3-16; India Bonds at 81s. and 84e. prem.; South
Sea Old Annuities at 801. Bank Stock was very
firm, and obtained 1994. Exchequer Ma were dealt
in at the rates current yesterday, 475. and 30s. prem.
Little business was transacted in the foreign stock
market, and scarcely any variation in value took
place, most descriptions being firm at the rates of
yesterday's market. The actual dealings are as
follows :-Brazilian at 86. Buenos Ayres at 42 and 1.
Mexican (ex Jan. coupon), for account, at 261, and
Z. Peruvian Four per Cents., 1849, at 52 ; ditto De-
ferred at 171. Portuguese Four per Cents. at 34.
Russian at 108. Spanish Five per Cents.' for account,
at 171 and 17 ; the Three per Cents. at 361 and 37.
Belgian Fodr-and.a-Half per Cents. st 85. Two-and
a-Half per Cent. Dutch at 54: ; the Four per Cent.
Certificates at 821.
The step taken by the Bank directors on Thursday
to reduce the minimum rate of discount from 3 to 2-1
per cent., has already had some effect in tho money
market, though not as yet to the extent which it is
calculated to, and may yet, produce, by cheapening
the value of money still more. Yesterday the
consequence of this change was not so commune;
the fact was anticipated, and its immediate influence on
the market was not so marked ; first-class paper was
discounted at 21 per cent. To-day money cannot be
placed on call better than 11 per cent., at which rate
in a particular case discount has been done, and at 2
per cent. it is easily obtained in Lombard-street for
first-class paper.
Her Majesty's ship Constance has arrived at Ply-
mouth, having left Valparaiso on the 27th of August,
and Rio de Janeiro on the 14th of October. She hes
1,700,000 dole. value in specie on freight on mer-
chants' account from the West Coast of America.
The following are the extreme prices at which
Consols and Exchequer Eine were negotiated sash
day during last week:
moot Lowest aerie
Prior. Peke. 9 Prim
laday--Coesois for money 934 inj
For amount (Des. 13)- 94 931 931 to
Tnewisy-ecomis
Par a moun for money to
911,1 931 91 to
t
Watmaday-Ommals for mosey 9_..... 94
Par account ....
Itusday-Ccesois many
For amount :1 91 11: to I
Trklay--Console fur money 94 94 96 to
Par amount
estaday-Consols fur money 91 94 94 ft
Par amount
agoner Bill. Mb week. Last week
W
litibest. Lowest. Highest. Lowest
Monday sls. 496. pm. ... 48a. pm. . 435. pm.
Tuesday s2s. pm. ... 49uipsa. 484. pm. ... 455. em.
Wednesday
Thursday -
Friday soa. pm. .. 475. p n... Its. pm. ... 441. pm.
Satorday
Few dealings have taken place in the shares of the
various joint-stook banks during the week. The
entire business done is limited to: British North
American Bank (paid 501.), at 401, ; London Joint