The Express.
London, England, 1847-02-25 00:00:00

MONEY MARKET d: CITY INTELLIGENCE.

Half-past Teco.—The settlement of the Consol ac-
count is to progress, and, contrary to expectation, it turns
out to he what is called a " bull " account. More 'dock has
been purchased for time than can now be taken and
paid for, and the consequence is, that t e bear party have
taken advantage of this result to edablish a eontango
of no leas than 1 per cent. for allowing their
opponents to carry over to the next account, which is fiord
for the 15th of April. The actual prices of Consols are 901
to 8 for money, and 901 to 1 for the account now
opened. This is a solution which was by no means
looked for, as, day by day, doting almost the whole
account, the general tone of the market preponderati
greatly on the side of selling far time, so that, from
appearances, it was assumed as almost certain that
the " beats " must have sold much more than they
could possibly deliser. There can be little doubt, how-
ever, now, that the policy of the " henna " has generally been
to realise their sales upon every decline of prices with the
profit presented, and to protect their operations otherwise
also by options to a proportionate extent. The settlement has
proceeded without casualty so far, although the account is •
heavy one to deal with. lteduced Threes are q +cited 901 to 1.
Three-and-a-Quarter per Cents., 921 to 1. Exchequer Bills,
10s. to 13s. pm.
The foreign market is still dull end nezleeted, with quota-
tions nearly as liefore. Spanish Fiver., 211 to 5; the Threes,
3-5 to 4. Portuguese, 34 to 5. Mexican, 211 to 21. Dutch
Two-and-a-Halt per Cents., 531 to 1 ; •the Fours, 921 to L
Since writing what precedes, we have the report at the
last moment from the NVest-end, 'that at the interview of the
parties proposing to oflir for the loan, who went up by invi-
tation to be informed of the terms and arrangements, it was
stated by Lord John Russell and the Chancellor of the
Exchequer, that the loan would be made fn Con-
sole, and must be pail up in eight monthly instalments.
Monday next was appointed to receive the bidding,.
Consols have fallen, in consequence, to 901 to 1 for money,
and 901 to 4 for the April account.

Bank Mock , 103
1 per Ct. lied., 111 t
I per Geol. Cotteulc PO;

.....
3 µ•r Ct.Comels PIT Leet ,erf
21 pvr Crpts,
INellmequerMlllr. lac to 13.. p

S per Ct. Aostria• Beads. 948 ;;;I Cent. Ortewl• Ale., IS N
0 per 51 Belgian BoN4. N 6 Cile•arls Defined III• . 71.6
4 per Cent. diwo, S per It Piet Wen , 1540,711 711
3 per Ct. linsi Nut 14,418 7 0 per C:. Penes. 140., SI •
Dine New, II 6 furl eq.., Carty, Rio , 34 3
I per (1 Puente Am, 110.,411 11 6 per Ct. Howie. Ma, 111 13
'Dip° (10117 a Mt .97 I 111110 Ppaeitk Di, 211 3
Ditto Colunb. Def. Me,— 3 ler C 7. 19•409 Mc. 161 I
Coltunlase I.2•••er 19/9., 3 & -p..IN, Deferred 144.07 i
7 per C.. 1435•9 14414.. PO 14 i flp•mith Punier/ 1143., 61 6
4 per Ct. Dwelt Ms., 344 1 2 per Ct. Vow:nein NY. 38 9
I per Cl. Cerra Dstet. Ili I V.,nosoel• Deferred DI., 109 ni

RAILWAYS.—The market is rather flat IcH
as might be exported, from money being so tight as to make
the rates of continuation on shares more than usually high.
The Reading, Guildford, and Reigate line is, it appears. to
have a guarantee from the South-Eastern Company of 54
per cent. dividend on the shares, to commence at once; and,
in consequence, they have risen to about par. The dealers
are preparing for the settlement.