The Express.
London, England, 1847-02-03 00:00:00

MONEY .11.4111 ET.

Turner Brame°.
The price of bar gold in Paris, Jan. 30, was 101 per
mills premium on the aneien tariff rate of francs 3434.44 per
kilogramme, which, with the Bank of England selling price
of 31. 17s. 101 d. per os. standard, gives an arbitrated par of
franca 25.409 per £ sterling; and the rate of exchange the
rme day for bills on London being, short, francs 2.6.334, a
difference of 0.33 per cent. is thus made in favour of the
transmission of bar gold to France.
The price of bar gold in Hamburg, Jan. 26, was marks
banco 432 per mark weight fine, which with the Bank of
England selling price es before stated, gives an arbitrated
par of marks banoo 13.8.48 per £ sterling, and the rate of
exchange the same day for short bills on London being
marks bunco 13.31 per £ sterling, a difference of 2,23 per
cent. is made in favour of the transmission of gold to
Hamburg.
The Bank of England's present selling price of Brehm
half Imperials being 78s. 2d. per ounce, and the rate of
exchange in St. Petersburg, Jan. 19, for bills on London at
3 months' date being 401 d. per silver ruble, these rates show
an arbitrated profit of 6.23 per cent. on the transmission of
thee, coins to St. Petersburg. An allowance of, at least,
11 per cent. must however be made for interest, besides,
as in the other cases the charges of insurance and conveyance,
the amount of which necessarily depends upon the greeter
or lees facilities possessed by the parties making such
operations.
There was an almost general improvement in foreign ex-
change this afternoon. On Amsterdam the rates negotiated
were 12.21 to 21; on Rotterdam, 12.24 to 3,• on Antwerp,
26.70 to 75 ; Hamburg, 13.81 to 1; on Frankfort, 1205
to 4 ; on Paris, 26.60 to 65 ; on Vienna 10.04 to 11 ; on
Leghorn, 30.174 to 221; on Naples, 404 to 1 ; on Madrid,
361 to I—all at 3 months. On Lisbon, at 60 days, 534 to 1.
At the commencement of business Consols were called
901 to 1 money, and 1 better for time, say about 1 worse
than the dosing prior of yesterday. They were done
a shade lower than these quotations in various trans.
actions subsequently. But shortly before the time of
leaving off the purchase of some 20,0001. or 30,0001. by a
respectable broker partially restored the market, and the
prime elated 901 to 1 for moneyand 91 to e for amount. Be-
dard Threes were down to 901 to 1. Three-and-a-Quire,
per Cents. 921 to 3. Exchequer-bills, 3s. to 6e. pm. Indis.
Bonds, 9s. to 14s. pm. Bank Stock, 203 to 4. lies Meek,
249 to 51. Long Annuities, 9 9-16 to 1146.
The scarcity of Consols money stock is believed te be Vie
I special cause of their support at even the present &premed
I rates. The dealers and speculators are well known te be
without stock for delivery themselves, whilst it is difficult to
borrow It even for a few days forward. Neither the public, nor
the real holders appear to be sellers to any extent, although the
bent of the Stock-Exchange is generally and decidedly towards
falling prices. Reduced Three per Cent. stock is, how-
ever, abundant, and it is brought to market freely,
at rates comparatively much lower than consols. The specu-
lative mind of the Stook Exchange may indeed be gathered
from the feet, that Reduced Threes, which from the differ-
ence pima of interest accrued upon them should be worth
per cent. more than Consols, have been repeatedly sold and
are offering at exactly the same rates. The dealers, thaw
fore, are well supplied with this stock, which is never*.
object of large epeettlative business, and every-day tlne
bargains like Consols, and they are sellers of the former, in
order to purchase the latter for delivery against their ash
operations at the large sacrifice of the different,e of
value stated. The holders of Console in the house
in this state of affairs are doing, and can do, a
beneficial business in lending their Consols stock for
a few days forward against bank notes paid down, which
notes they can lend out upon Reduced Threes for the
same period at 3 per cent. to parties having occasion to
borrow for the purchase of' consols, or otherwise in want
of the money. These facts show a singular state of the
market, and the strength of the prevailing impremion
there that Consols, the great speculative barometer ofzili!
securities, are destined to a further decline. Should
exchange continue to improve, and the government be able
71
to manage without a hen, or its equivalent in rim actor.
modation from the money market, Stock-Exchange opinion
may chance to be in default.
In foreign stocks the transactions have been remarkably
scarce, and previous prices not entirely supported. Dutch
Two-and-a-Half per Cents. declined to 58 to 1 ; the Fours,
to 911 to 2 ; Spanish Fives, 241 to 1 ; the Threes, 341 to ;
Portuguese, 331 to 41; Mexican, 22 to 1 ; Brazilian, 84 to 6.

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10
tr. C. R. AA ..f1 POI 1 *Ol I,olot, 34
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Now IQ For et Aar. 113 11 I 11 3 easellillealet,sOf 1 sollillol 11
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I DUO, Mt,
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8 pr Own. Spool* 0f015:414._
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sigma imitaia.-- -
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Pule, 300Staaes, 70 7-12 70 I- N.

RAILWAY NEWS.
There wan little doing in the morning, yesterday,
in the share market, which had a moat depressed appeerasies
But toward" the close of Mainers more activity was oraal
tested, without however much basins." or improvement la
prim,
The tendency of the Liverpool share market was etm
downwards, and prices of some of the speculative steaks
were quoted a good deal lower than on Monday. Binning-
ham and Oxfords were 81 pm.; Nortk Stafford., 2/ pm. ;
Dudley', 41 to 6 pm. In the old slake there was but
little done; they also were a shade lower.
At Manchester, in consequence of the
tigpsnarket
having main receded, lower prime were yestesday
morning for most descriptions of stock. Ne, gum-
tity of stock was offered, but the specular=
for the fall. North Stiffer& were done at 21. les
There was on" a moderate business done at •
and all descriptioas of stock were heavy, prices a
tendency downwards. Ambergates were done at 1 din, Beatin,
Stamford, and Bimingham. Regis., 11 pm. ; North Saaffbeds,
3 pm. ; Shrewsbury and Birmingham (A's) at 1 pm., Mathis i
price was barely maintained up to the close of the business,
there being then buyers only at 18s. 9d. pm.; (B's) fell to
13a. 3d. pm., and South Staffords (late Junction) were dose
at t pm. Stone Valleys were heavy ;at 24 pm., " which,"
says our correspondent, " may be in some measure sccounted
for by the sow well-known fact that the lease of this hue to
the London and North Western Company on the terms al-
ready specified will belvigorously opposed in parliament by
the Shrewsbury and Birmingham Company, who have an
interest in the undertaking now alluded t 0...
At Leeds the share-market was scarcely so healthy as on
Monday; there was less businew doing, and prices wen
scarcely so firm. New East Lancashire* declined from 21
to 11 pm. ; Matlock and .Buxton from 16s. to 12a. 6d. pm. ;
and Eastern Counties (York Extension) from 17s. 6d. to
15s. pm.
The Bristol market, yesterday, was characterised by the
same degree of uncertauity as has prevailed for some time
past. Manchester and Lmtla Extensions were done at
IL 3a. 95. pm. ; Midland, New, 501. shares, 31 pm. ; Bristol
and Exeter Thirl Shares, 11 to 2 pm.; Birmingham, Wol-
verhampton, and Stour Valley, 2 pm. ; Caledonian Halves,
dis. ; Great Western New, 44 pm. ; Do., Quarters, 71
pm. i Eastern Counties (York Itsteasion), 1 pm. ; North
British Extension, 1 pm. ; North British Halves, 44 pm. ;
Shrewsbury and Birmingham (A), 11 pm. York and Neer-
castle, New, 8 pm.; West Riding Unions, 11 pm.