The Express.
London, England, 1851-05-28 00:00:00

MONEY MARKET.

THIS DAY.

Two o'llioet.
This is decidedly a dull day in every department
of the Stock Exchange. Much depression has pre-
vailed in the railway share market, though prices
have since partially recovered; Consols fell to 971 in
consequence of the pressure of money sales, which
we stated yesterday might reasonably be expected,
and a strung disposition to realise was manifested in
the case of most of the home stocks. Within
the last hour, however, there has been a
decided increase of firmness generally, and a rally
has taken place which extends to every department.
Consols have rallied to their opening price of
971 to 3 for money and the 10th of June. whilst
Ilfor delivery in July they are quoted 98 to 4. The
,official statement reports business as follows:
Three per Cent. Consuls Annuities, 971, 4, ; ditto
for account, 971. Three per Cent. Reduced Annui-
ties, 974, 964 •, New Three-and-a-Quarter per Cent.
Annuities, 98, 984; New Five per Cent. Annuities,
124 ; ; Long Annuities, 7 3-16, 4; Annuities, 7 1-16.
The unfunded debt is under the same evil influ-
ences, and there was another fall of Is. in Exchequer
Bills. The transactions of the day arc as follows:
Exchequer Bills, 1,0001., 425. to 435. prem. ; ditto
.1001., 435. prem. ; ditto Small, 425. prem. ; ditto
advertised, 375. prem. India Bonds, 1,000/., 48s.
prem. ; ditto Small, Sls. prem.
In the foreign stock market the new account of
the 13th of June is now open, but the arrangements
for the settlement of the old one do not attract
much attention, the transations in this depart-
nic nt during the last fortnight having been
in few instances otherwise than unimportant. Prices
generally are pretty well supported, considering
the unfavourable influence exercised by the depres-
sion in the other markets, and Buenos Ayrcan,
Brazilian, and Peruvian Bonds maintain their pri.
Mexican, however, are 1 per cent. lower, having
Gillen to 311. The official list of business includes:
Brazilian Old Five per Cents., 89, I. Buenos
Aires Six per Cents., 38, 1. Chills° Six per Cents.,
11131,. Danish Three per Cents„ 1823, 761. Dutch
Two-and-a-Half per Cents., 594, ; ditto Four per
Cents. Certificates, 904. Mexican Bonds, 34f, f.
Peruvian Five per Cents, 1849, 821. Spanish
Active Five per Cents., 201.
In connexion with the settlement now progressing
in the railway share market a failure has been de-
dared. The party in question has occupied a
highly-respectable position as a broker, and the
casualty is not expected to result in eventual loss to
his erehitors.

The Sanish bondholders are urging the commit-
tee to call a public meeting. This is a step which ,
will do good, for the more the committees are brought
before their constituents the better. It must, how-
ever, by this time, be evident that the presence of a
competent English agent in Madrid is the one step
needful.
Messrs. Baring, Brothers, have issued notice that
remittances having been received sufficient to pay
one hull of the semi-annual dividend on the Buenos
Ayres loan of 11424, n payment will be made of
7/. los. on each coupon, on and after the 2nd of
June.

In the bullion market very little business has been
transacted. Prices arc nominal with the propect of
a change in the market when the large lots of bul-
lion come in.

The foreign exchanges presented no went varia-
tions yesterday, but fully maintained their previous
rates. Short Paris was 23. to 115 ; ditto three months,
21.20 to 25; Amsterdam, 11.171 to ISt. hamburg
was at first rather offered, but subsequently found
more takers, and left off 13. M money. Franktort was
decidedly higher, viz., 119 to Bills on Italy
were likewise looking up, and the quotations on
Leghorn and Genoa are a shade higher. Naples was
I much offered, and found no takers even at 41. Bills
lon Sicily were also in favour of purchasers, and the
same is to be noticed with regard to drafts
on Spain, which were not in such great re-
quest as of late, probably because orders for
Spanish bonds have now ceased. On Vienna
and Trieste the quotations were merely nominal,
and hardly any transactions took place. There was
however, no disposition to buy, and the rates were
full] as high as last post.
the Vienna correspondent of a morning contempo-
rary, having predicted a fall in the rate of exchange
at Vienna, for bills on London (instead of which, the
rate has risen from 12.20 to 12.34) attempts to ex-
plain his erroneous prophecy by informing us that
one banker had bought 100,0001. on London at 13H.,
and would have lost 641,0001. by selling at 12.20; he
therefore bought more to maintain the price, and
hence the rise instead of a fall. We are enabled to
give quite a different cause for the re-action;
and one which will satisfy all who are
conversant with the exchange operatiocs between
London and Vienna. Several banking houses at Vienna
having recently drawn large amounts at three months'
date on London, at 13 H. and above, seeing the ex-
change fall to 12.20, rushed into the market to lower
their running drafts, and to secure the handsome
profit accruing. This is the simple reason of the re-
action, which is now increased by the resignation of
M. Bruck, the minister of trade.
The Paris exchange on London is improving, and
has been latterly marked 25.021 fr. At Hamburg,
also, as we leant by yesterday's arrival, the exchange
has experienced a further rise of schilling, being
now quoted 13.5 fur short, and 13.34 for 3 months ;
whilst gold remains unaltered at 423.

ENOLIdII PUNDB.—Tnis Dar.
Dank Stock. 510 11 Loot Annusluck 7 518
3 per Ct. Iteduced. 9 7 balls Ste ek. 59' ol
3 per Ct. Como's. 971 1 Ditto (eel%
3t per CL Convola. till 6 Esebuquu Dabs 1.0401.,405. to 43%
Connote fur tbo Aeet . 57( 1
FOItEION FUNDS.
41 per Ct. De:lw 91 3 6 per CL )(civics''. 311 5
6 per Ct. Evasiltan, SS 35 41 per Ct. Peruvian. al( 31
Do. New. 84 a Ditto Defe rat. 38 I/
li per Ct. Huesca Ante. 37 9 5 per Ct. (*.queue e, 1111 90
Girt CL Ll'ilLtn, 103 5 5 per Ct. Ittovviavt. 111 13
ter Cl. Chillan. 41 per Ct. (twain% 104 14
3 PM Ct. Umiak 78 8 6 per Ct. amain', Active. X 4 1
Si per Ct. Dutch, 54 4 3 per Ct. P1..1111+41. :01 401
t per Ct. Dutch, $91'30 Do. Pewee. 5$ O
Equavlor. 34 4 I( pet Ct. Venezuela, n 4
1 per Ct. UreoaJa, 161 171 Do. Deferred. 18 13