The Express.
London, England, 1848-02-05 00:00:00

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MONEY MARKET & CITY INTELLIGENCE.

- - - -
Ralf-past One o'Clock.—After the regular hour of
closing business yesterday, the funds took a remark-
able start. Consols, which had left off at 89 for ac-
count, and aless for money, advanced within less
than an hour afterwards to 891, at one time buyers.
Some extensive time bargains were done at the ad-
vanced quotations. These high rates, realised after
business hours, contrast strangely with the depressed
state of the market early the same morning, when'
Consols were done to 884. To account for this sudden
alteration and improvement, it is stated that an
opinion is gaining ground that the Treasury will
neither went a loan nor require to fund any of the
Exchequer Bills falling due next month. 1111
is probable, however, that the known continued im-
provement of the Bank of England returns, as they
appear in the lame par of the Empress, showing a
growingatca.malfil on of coin and bullion, and of
the res,rve in the banking department, may have as
much as any ether cause to do with the ascending
movement of the funds. It may be conceived that
some portion of the unemployed wealth with which
the Bank is now overflowing is likely to come to be
placed in public securities, by way of obtainiug
interest returns, from the difficulty of making use of
it in the discount of good commercial paper, which,
through the competition of Banks and discount
houses for it, can be done on lower terms than the
Bank minimum rate.
Consols opened this morning at 891 to for money,
and 89; toy for time; but they have gradually re-
ceded since to 891 to f- for time, and 89 to 1 money,
with an inactive market. Rcduccd Threes we quote
891 to 1. Threcquod-a-Querter per Cents., 901 to
Bank Stock, 200 to 2. Exchequer Bills, due in
March, are 24a. to 28s. premium ; those due in June,
303. to 345. pm.
With the exception of Mexican and Spanish, which
maintain an improving tendency, the foreign market
remains without change. Mexican are called 18; to
19 to Spanish Fives, 211 to 21; the Threes, 32
to 1 ; Passive, 3to ~ Portuguese, '26 to 7. Dutch
Two-and-a-Half per Cents., 51 to 1 ; the Fours, 851
to 1. E.:tailor, 31 to 1. Ittc.siati, lc. )to 10.
The number of failures in Cologne during the past
year is stated at 66, of which, however, 58 were small
shopkeepers, &c.; the remaining eight only being
commercial houses. The heaviest amount of liabilities
among the latter was 57,643 thalers. The passive of
the whole 66 failures together is stated only at i
610,318, a sum quite insignificant when compared
with the importance of the commercial disasters with
which other German cities, of much less consideration
than Cologne, have been visited during the same
period.
It was announced at Liverpool yesterday, that the
British and North American Royal Mail steam-ships
would, after the 25th of March, leave New York 'I
and Boston on the Wednesday, instead of the Satur-
day, as previously announced, and the alteration
will be carried into effect on Wednesday, the tilt of
April next. No alteration of the sailing-day from
Liverpool, which will continue to be Saturday. The
weekly railings commence from Liverpool on the Bth
of April, and from America on the 3rd of May.
ENol.lell FUNDS.
Bank Stock. 200 3 31 I or Cents., 901
3 per Ct. Hed. Ann., WI t Leapt:ober Hill, March. W. to
per Ct. COllO. A. 6.. ti:, a 365. Juno. Ns. to 345.
3 an.T CL Con., for no. Cll. I
runtaas FUN
per et. Ai:Arlan Demi, 94 ti 1 per Cent. Greorilla BD.. 191 ri
46 iol Ca. Delo Ls Defcrred 3
21 per Cont. Bon. 6 per Ct Medea, 1640 1 9 194
lifreitgLNll:PV4L. 83 iNt*,:x.a
6 per et flumes Ayres 114.4., 30 3 6 ti,eirtgt,lturitirmilti..lllol4tlo
Ditto Milian 1164., 90 02
Ditto Ciinonts. Der. 114,.. 3 per et. Spaniel!, Ale., S"•
Cnlumllul I,qtrid.ir lids.. 3; 1 SianDli Deferred 1414..13 13
3 enr L.Y. Danl4ll i
Vall
631 41 Distmill Dasslre z
eer ta. 51 2 por Ct. mtola tnr.. 28 40
4 one nava, Dukes. ea Yi.oceuelai Deferred 15 11

RAILWAYS.—The share market opened rather
firmer this morning; Brightons, however, continue
depressed, at 39i. North Staffords, 1 prem. _ We
have more business doing generally in the market.

SALES EFFECTED UP TO TWO THIS DAY IN LONDON.
(Yesterday's prices will be found in last page.)
Caledonian, 3 Midland, 116 14%
Do. halves, 14 IM. 40f. sh., 45
Chester & Holy 23 Do. 501. sh., 14
Do. Pref., Ili i Do. Birm. and Derby, 491
East Anglian, 111., E. & IL, 8% Norfolk 1-st. 5 per Cent.. 141
Do. 3/. 10s., 2 N. British, 211
E. Counties 161 16 Do. I lalves, 121 1
Da. N. & 'E., 53 N. Staffordshire, VI 11
E. Union Guar. G per Ct., 10% 10 Oil., Wore., & Wole., 20/
E. Lincolnshire, Is Read., Guild., Sc Eeigu 7s
Edin. & Glasgow Qrs., 101 Itoysten and Ilitchin, 1%
Gt. Northern, 41 1 Scottish Central, 291
Do. Lon. & York Ext., I Shrews. & Dir. (A), 4%
Ot. N. of England, 232 South Devon Pref., 191
Great Western, 102% S. E. and Dover, 311 I
Ito. Halves, 59 1)0. No. 1, 201
Do. Qrs.,
23 191 Do. No. 3, 141
Do. Fifths, 4 Do. Thirds, No. 461 0
Do. New 17/. rt. 107, South Wales, 91 101
Ipswich & Bury SL, Edmund's, 9 S. York., 1)on., & Goole, 11
Do. do. & Norwich, 61 Vale of Nests,, 1
Lane. 84 Car:iAle, 5341 I Wilt., Saner., and Wrey., 17i
Lane. and Yorkshire, 79 York, Newt., & Ber. Orig. New
1)0. Qrs., 134 & Bee.), 311
Do. Fifths,
... Do. Eaten. No. I(tiork& New.),
. .

134
_ - - 61
Lords anti Bradford, 964
London ix Blacks all, 6 54
Do. New, No. 2, 2 1 d
lon., Brian., & 8. Coast, 04 39
Do. Pref. Con. 5 per Ct., 484
Lon. & N. Western, 148 9
Do. Qrs., L. and D., 334
Do. 101., M. and 8., (A),
11 (1,
Do.Do d do.
o. (BC
, 44
London &S. Western, 5 3
LIVERPOOL SALM, I
The market today was
Lan. & York. (late B. & B.), 2 d
Do. Fifths, i p
Do. WALD., 47. 641. 4 d
Lon. and N. West, 148
Mar., 6lief., & Lin. Eighths, 3 d
MitLand Halves, 1 d
N. British Qr., par
North ntafforddrrei i I P

191
Do. do. N 0.2 (New. and Der.),
Do.
D1i.3111.E. Per. er Pref., 101
York & N. Mid. E. & P.S. Ext.,
36
Foot Indion, 2 1
Namur and Urge, 61
N. of Frece, 111
nambre aMMelee, 6: 7

4.-o,x O'CLOCK.

•
Shrews., owes., & Ches., 51 i d
S. E. sod Dover (iso. at lbi.), No.
1, Si d
Do. No. 4, 11 d
York, New., and Bet., Ex. No. 1,
Do.
4111
G.N.F. Pur., p

Twarn
Moo., Shef., & Lin. Pref., par / p
Munand, 1151
Do. naives, 1 d
MANCHESTER SA
There was a the market,
but no great quantioy of stock
Arnb , Not., and Bag. E. In., 21 d
Birk., Lin. & Mesh. Se., 5; d
Enst. Counties, 16
Lan. and York (late IL and 1..)
Fifths, 13-16 11.16 p
Do. 321. fate Fn., aj d
Ito. Halm 11. & S., 9 d
Do. (W.R.13.), 346 I d
Do. Prat. & Wyre Halves (A),
Sip

ier nor.
York, Nora., and Bet. Prof., 21 p
Do. Ortpunal N. and 8., 32i
Lon. and N. W.,148

AILS, reblitAßY 4.
with a slight decline in prices,
wee offering.
Crest North
Leeds, Dews ern,., and 4 an., 301
Men., Sheft., St Lin.. Pref., 1-10 p
Do. (slit 1. and 1.1n.j, 5 d
N. atailortlshire, a 13-16 p
Shrews. and Sinn. (A), 3 d
Shrews. and (best. New Pref.,
3 1-16 p
8. E. and Diner, No. 4, 1 9-16 d

BIRSIINGYIANI SALES, Frour sae 4.
Prises were a shade lower in this market, but generally
there was little disposition to concede the tall for the better
Rocks.
York, Nene., and Bee. (G.N.P.. Shrews. and Bir. (B), 1j d
Pur.), 21 p
Shropshire
North Staffordshire, p Union, 2I 471. 11
Bir., Role. 6: St. Talley, 1 d

LEEDS BALES, Ftaat ARV 1.
The transactions in shares this morning were more lively,
and prices were firm. In Great Northern there was an ad-
varce.

British Cleartaw. par
Do. Thirds, 2. Gd. p
Man., Sbeff., & Lin. Pret.,2.s.Gd. p
Sheff., Roth., & G001e,31.18&9d.d
N. Staffordshire, 1.78.9
I.ll2,afthles, 21 d
BRISTOL SALES, lEDAVAUT 4.
There well a moderate business done, but without any ma-
terial alteration in prices.
Bristol & Exeter, 15 d I Midland. dew 401. sty p
Caledonian, 11 d Tait vale New, d
Gt. Western Qrs., 21
SALES, FEIIIItAIIT 4.;
Darw„ & Bolton, 10 d 31a:ton a Driff. ln., 41 d
E .snglian Piet., par I Tors, ,ewe., &Ber. Li. NO.I, p

E. Lancashire New, s 1 d
AraLerlistes, 21 d
Gt. Northern, 51. 13s. Od.
W. lining !Won' 21 461. Jd. d
Leeds h: I hirsk, 141 d
N. Britirb, 27i

PRODUCE.—ANnvzsr, Feb. 2.—Coffee: The
demand bu been rather intimated. Saks of the week con-
sist of about 1,200 bags Batavia, at 24c. ; 3,000 bags Do-
mingo, at 23c. to 231 c. ; and 7,500 bags Brazil, at 191 e. to
231 c. These prices show a rise of Ic. to ie.—Cotton : Since
the sales of about 1,300 bales America and 200 bags Surat,
no tihnsactions of any importance have taken place. The
market remains very firm, and a favourable opinion
is prevailing for the article. Our stock consists of
about 7,300 bales against 4,300 in 1337.—Sugar: The mar-
ket is fiat, and purchases are made only for immediate
wants. Some lots of yellow Havannah were taken at 14t1.
to 15fl. Two cargoes have arrived from Havannab, but are
not yet landed. Our stock is large. Nothing doing in re-
fined ; but it is expected that prices will be higher on the