The Express.
London, England, 1851-10-27 00:00:00

MONEY MARKET.

THIS DAY.

Two o'CLocx.

The English stock market to-day has shown even
more firmness than was noticed at the end of last
week, and with a steady business for invest-
ment offering, and some scarcity of Consol
stock, prices aro quoted at a rise of over and
above the advance of established on Saturday, so
that the present range of the market presents a total
rise of per cent. as com with that which ruled
last Monday. As the purchases on government account
will be resumed to-morrow, and will doubtless be con-
tinued with the customary regularity throughout
the week, prices may be expected to continue
buoyant. A feature of the market at the pre-
sent period is, that Consols show the upward
movement more sensibly than any other stock, a
strong disposition having been evinced to sell out of
the other home securities and invest in this. Some

considerable sums, invested in the Three-and-a-
Quarter per Cents., have recently been transferred
into Consols.

Consols, which left off on Saturday at 97a to
have to-day ruled firm at 97i to Z 'both for cash
and the 12th Nov:, The official prices of the day'sl
transactions aro as follows:—Three per Cent. Consols,
971, ditto for aoooliat, 971, I Thom par
i; I
Cent. Reduced, 97, ,1-; New Three-and-a-Quarter
per Cents., 981, 1. Long Annuities, 1860, 7;
ditto thirty years, 1669. GI. Bank Stock, 2143, 214.
This last-named security maintains its high position
in the favour of investors, and even shows a tendency
to a further improvement, though at the price of 214;
and taking the dividend at an average rate of 71,- per
cent. per annum, it yields only 3; per cent. on an in-
vestment, being only some 84. percent more than is
yielded by the Three per Cents. Reduced at present
prices. Bank Stock, however, is further supported,
from the consideration of the position which it con-
fers ou a holder.

Exchequer Bills continue to meet with inquiry at
51s. to 5,8. prem., being the improved range of Sa-
turday, and which shows a rise of 9s. during the
last fortnight. India Bonds are not so largely dealt
in ; the smaller-sized bonds have been sold at 60s.
premium.
The foreign stock market has been almost deserted,
half a dozen isolated bargains forming the entire
business. Prices remain nominally as before, the
absence of business exercising no depressing influence
in view of the upward movement in the home values.
Spanish Three per Cents. were rather better,
and Venezuelan llonds remain firm. Mexicans,

on the other hand, arc fiat, little disposition
being manifested to support the market, the more
especially as it is knownt hat many parties could take
advantage of any partial rise to get out of their stock,
so little confidence is felt in Mexican affairs,'
financially or politically. The bargains of the morn-
ing arc limited to: Mexican Bonds, for account, 31st
October, 261. Portuguese Four per Cents., 33.
Sardinian Scrip, 3 dis. Spanish Three per Cents.,
39. Venezuela Two-and-a-Quarter per Cents., 33.1.

SATURDAY EVENING.

Discount for first-rate bills may be had at 21 to 2„
per cent., the Bank of England rate ranging higher.
There is much surplus money and considerable in-
vestments in Exchequer Bills. The question is being
constantly asked will the Bank directors reduce
their rate, for unless they do they will lose the best
business in the discount market, and there is nothing
else particularly good now offering for the invest-
ment of their spare funds, English stocks and secu-
rities being high. The Bank is not altogether so
anxious for extending operations in the discount
market, as the payment of the dividends has partially
reduced the disposable surplus.
Large supplies of bullion are no longer expected
from the United States, but there will be the usual
arrivals by the West India mails, and there is some
expectation of imports from France, where the state
of affairs is favourable for such operations. The bul-
lion of the Bank, which had passed the enormous
amount of 25,000,0001., has in the last fortnight de-
creased nearly 400,0001., a decrease no longer attri-
butable to the payment of dividends and salaries.
The Bank of France returns for the week ending
Thursday, the 23rd of October, show the follow-
ing results (25 francs for 1/.) :
Bullion
Bullion on deposit
Circulation
Public deposits 9,599,642 Decrease .... 351;501
Private deposits 6,205,100 Inertas.2, .... 200,638
Bills discounted 3,781,128 lhereasc .... 48,239

Government sceuritit s 7,070,209 Decrease .... 7.2'27
The returns of the National think of Sardinia to
the 13th inst., are as follows:
E 739,100
Discounts 1.0M,032
Circulation

Public deposits 102,020
Private depohita
The total amount of the precious metals exported
direct from London, during the week ending Thurs-
day last, was inconsiderable. The amount of gold
coin was : to the Mauritius, 2,000/. Of silver coin :
to Rotterdam, .1,000 oz. ; to Boulogne, 5,880 oz.
Silver bars: to Boulogne, 1,7120 z.; to Rotterdam,
10,000 oz. This gives a total of 2,000!. in gold,
and 21,592 ounces of silver, of the aggregate value
of only 7,400/.
An analysis of the railway traffic returns of the
United Kingdom for the lust week, published by
Ilerapath's Journal, shows the total receipts on
6,406 miles to be 304,881!., or equal to 4 71. 10s. per mile
per week. In the corresponding week of last year
the amount was 270,3641. on 6,178 miles, or 431.
per mile per week. There is thus an increase of
34,5171., or 12.77 per cent. in the aggregate receipts,
an increase of 228 miles, or 3.69 per cent., in the
mileage, and an increase of 4/. 10s. in the amount
received per mile per week.
The Railway Times estimates the total receipts
since the Ist July at 5,237,3121., which, on 6,257
miles, gives an average of 837/. Os. 71d. per mile ;
and as the return for the corresponding period of
1830 was 4,405,2181. on 5,931 miles, or 740/. 1 ls. 8 Id.
per mile, the difference is shown to be in favour of
the present year to the extent of 961. he. 110. per
mile.

B3IOLIBII VU,
Hank Steck 214 13
3 per Ct. Reduced. 97
3 per CL Come,le. 974 §
1g per 41.,C0t4401.. 914
Cagoule fee IkeeL. 11l I
1011EION
4 per Ct. 11144.1.464, 93 5
5 w(r3.Cz!..,,11781316.!an. 85 7
6 per Cs. Ittu.nos ARM, 403
6 per CI. Ctititulg. 103 4
3 per Ct Chtl9tn, 67134
3 per CL legalsl4. 76 9
24 Ct. PUtCh. htli f
pe!Meth 1:05
Egukulor. 31
1 per CL Grenada. 1311
5 pm

1.4 M AnrnlU .
IMIb
Mock, )31 3
Ditto Mng4.1,0001.„ 604. 624. pm.
Exchequer 134114.1,0444., 644. M
FUNDS.
3 per Ct. Mexican, 261 7
414er CL Peruvian, b 44
Ditto Deferreg. 41 2
5 par Ct. Porigurue•o, 86 II
6 per Ct. Ituogsn, 111 113
ti per Ct. Iturelan, 1014 I
Der Ct. :4ianDh. Antra. ai
3 per CL Eilnulao. MI 9
Do. Psoove. 5.1 f
2 per Ct. Vernieunkt, n 4
Do. Mforml. 11 13
Cent., 3 2 dle.