The Express.
London, England, 1851-09-03 00:00:00

MONEY MARKET.

THIS DAY.
Two o'Ciock.
The English stock market assumed a still firmer
appearance yesterday afternoon the (rotation of
Consols leaving off 96; to ; but this morning.
although prices were for a time supported at the full
improvement by the purchases of the government broker
a slight reaction has taken place, and the present
range is lower than at the commencement of bu-
siness. A striking proof of the confidence felt in the
general position of monetary and commercial affairs,
notwithstanding the difficulties experienced as the
fruit of over-speculation in certain branches of trade,
and in the face of the alarming apprehensions cx
pressed by some, is afforded by the steadiness with
which the home funds have for so long a period been
maintained at their present high range, and the
limited extent of the fluctuations observable.
Consols opened 861 to both for money and the
11th, and arc now quoted 961 to 7, with a steady
appearanc. The official list reports business as fol-
lows :—Three per Cent. Consols, 961, •, ditto for
account, 96!„ 1!:. Three per Cent. Reduced, 97, I, 1.
New Three-and-a-Quarter per Cents., b 9, 981. Long
Annuities, 1860, 71. India Stock, 264. Bank
This last n."—' has

Stock, 215; 214. .-.115 lest named security i e been
rather largely offered, and, it will be seen, shows a
decline in price.
Exchequer Bills remain at the decline of Is. esta-
blished yesterday, business being marked in all
classes at 445. add 47e. premium. India Bonds re-
main dull.

The foreign house continues almost deserted, and
the only feature in prices is the continued flatness of
Mexican Bonds, and a further decline in Sardinian
scrip, which now marks 2 dis. The dealers show
not the least disposition to operate, and the aspect
of the market is consequently generally flat.
Transactions have occurred to-day in the fol-
lowing descriptions only : -Brazilian Old Five
per Cents., 02 ; Dutch 'Two-and-a-Half per Cents.,
391, ; ditto Four per Cent. Certificates, 9'4;
Mexican Bonds, for account, 16th Sept., 28.'7. Itith-
sian Four-and-a-Half per Cents., small bonds, 1021.
Sardinian Scrip, 2 dis. Spanish Passive Bonds, 51.
Advises from Spain report that the works on the
northern line from Alar to Santander are to be
begun positively on the Ist of next month. The
capital is subscribed, and the whole cost is to be
1.200,000/., of which English capitalists advance
500,0001., the Spaniards 500,000/., leaving 200,000!.
to be taken up in Spain. The English concessionaries
have demanded of the government the grant of the
extension of the railway from Mar to Valladolid, a
length of 70 miles, the ground being level, and the
cost for a single line being estimated at 660,000/.
The English are at the present moment paying
considerable attention to Spanish enterprise, and, be-
sides the share we have in lead and silver mining
and the railway system, it is announced that Mr.
Humphrey Brown, M.P., is at Madrid on some other
railway plan.
The bullion market again exhibits a decline in the
price of silver articles. On Friday there was a
weakness perceptible, but sellers were unwilling to
submit to a reduction. Mexican dollars were to-day,
however, sold lower, or at 4s. 11d. per oz.; bar
silver standard at ss. 01d., being a like decline ; and
bar silver holding gold at ss. Id. The state of the
silver trade is the sole cause of this decline, and
prices have now pretty. well reached the old stan-
dard, the factitious influence attributed to the
Californian gold supply being dissipated, and
the temporary demand for silver having ceased.
Californian supplies continuo undiminished, and the
further reports of Australian gold discoveries excites
little sensation. At the present moment exertions
are being made in all quarters to increase tho supply
of gold, and expeditions arc searching in Venezuela,
New Granada, Old Cali forn ia, Peru, and even in Green-
land. The activity fomented by the gold expedi-
tions has increased the commercial energies of the'!
Pacific states, and they show themselves at present
capable of absorbing all the Californian supplies, as
they will no doubt a considerable portion of those
from Australia, should they be indeed obtained. Al-
though the shipments of gold from the United States
to Europe have been very large, a considerable
amount of gold bullion remums in the United States
which has not increased the stock in thebank vaults,
and the only way of accounting for its absorption is
its being hoarded by the Irish and German
labourers, on the railways and other works, who arc
habitual hoarders.
The latest quotations of exchange at foreign places
on London arc as follows :-
Previous Latest
Quotations. Quotations.
Christiana, 3 months 4.61 4.60-62
Copenhagen, ~hors 8.92 8.92
Ditto, 3 months
Frankfort, short
Genoa, 3 months 251. 03 231. cr2
Gothenburg, 3 months
Hamburg, short
Ditto, 3 months l3m. 6 13w.
Lisbon, 3 months 541 d. 1 54:1.
Madrid 5l 51
Milan, 3 months
Naples
New York, 60 days
Paris, short
Ditto, 3 months
ltiga, 3 mouths
St.Petcrsburg,3 months 371 d. 37 13-16 d. 381.
Stockholm, short l2 11.46 11.47-44
Ditto, 78 days 11.41
Trieste
Venice
tiYGLISLL FUNDS.-Tina DAT.
Bulk Stack. _lsl' Long Anuultiee.ti
3 per Ct. !reduced, * hpli3 Stack, -
3 per Cr. Owpoole. f.;} Ditto 1t034,1,000/., 43.41 r. pre
Ezel333cr 134114.1.1.0.34411.41 v. pin
FOItEIO
41 per Pt. Britian, P 3 5
5 Tz.C.,.,,lfrattltoni bl 3
per Ct. littemo Ayer,. 535
per rt. ettiiill3. P 4
i per tt. Chiltvi, 61 6
3 :rtr Ct. 1333344 L if 9
a, per Ct. that'll, ttli
4 per CL Dutch. 913 36
Equ34or, 313
1 Per Ct, Grenada. 1415
nian
LATEST FOR.

FUNDS.
3 per (1. Mestertn. 2k 6
6 per Ct. I...rut-lan, 90 1
DeterTo& 13 i
5 per U. Porto parr 81 9
6 per Ct. Iturviao, 111 113 ex dlv
41 per Ct. Rumen, 1014 26
5 per Ct. t penith. Ante°.
3 Per Ct. Sp.eleh, 3;1 8
Pa.mte. 61
21 per Ct. Vote:pelt% SI
Do. Deferred. lei 114
r Cent.. 1 tt d 4.
iN EXCHANGES.
For Aecoant.

I l'or :1
For Account.
rant®, SKrr. 2..
money. lopeuing Ligbew Lowest.r aosius
>er Cents.
155 80 ' 54 30 56 70 55 70.
93 70
55 70
*rents ~...... I 33 00
94 5 94 10 93 63
,er Cor 8. Ne • Loan! ... ... • .0.
oer Wats.
i ••• "' "' .
i .:
.. e. L.. L.-__ LI
porsults . ,

3 per Ceuta. —. I 86 110
6 tier Cents 93M
5 per Cents. Now Loan! ...
4 per Cents.
45 per (Into I I , ..
Melange on London : at ii(ielt, 26 7S 1 NI1111Pli 21 90.
Beigivs, 5, 1810
Us. 3, 1811
W. 4/
W. 2;
Irgdmont 5 p.Ct BO ... Bank altered;
PARIS, SEPT. 2.—Versailles (right bank), 263; ditto
(left tank), 220; Psalm and Orleans, 874 Su; Paris and Rouen' 53.5;
Rouen and Ilivre, 231 25; Marseilles and Avignon, 205; Stn.-
b iurg and Bale, 1.:0 ; Centre, 428 75; Boulogne and Amiens,
25; so ; Orleans sad BordPaux 283 75; Non hern,46u ; Parts and Strat-
balm 337 Su; Tours and Napes, 260.
MADRID, Ato. 28.—Thrce per Cents. 361 ; after
Bells, 361 ; Four per Cents. at 151 ; after Boles, 151;
Fire per Cents. at 171 ; after Balsa, 177 ; Passives, after
Bolaa, 61 • Coupons at 81; after Balsa S. Bank of St.
Ferdinand. after Bolan, 101 cash. Exchange on London,
51 cash.