The Express.
London, England, 1848-09-21 00:00:00

MONEY MARKET.

WIDNZSDAT ETINUIG.
A disposition towards more active dealing in
Consols was evinced in the early part of the day;
and, encouraged by intelligence of the ratification of
the armistice with Denmark by the Frankfort As-
sembly, some purchues were made, nut however to
any important extent, which improved money stack
to 861 to 1, and for time to 4 more. But on the
reading of the accounts from Paris of last
evening, received late in the day, detailing
the successful progress of the communist and Bona-
partist parties in the elections, the market became
heavy. A sale of some 40,0001. or 50,0001. for account
i determined eventually a reduction, though slight, inthe
I quotations, and Consols left off 1 lower than the
morning rates, at 86 to 1 for money, and 864 to 1 for
time, which are the same as the closing prices of yes-
terday. Exchequer Bills were 295. to 325. premium.
India Bonds, 275. to 30s. premium. India Stock, 231
to 6. Bank Stock for account, 195 to 7.
Such was the languid state of business in the
foreign market, that, out of about fifty different fo-
reign stocks, and denominations of stocks, three only
were marked for badness done in them. These were
Mexican, still quoted 161 to 17. Chilian Three-per-
Cents. bought at 46, quoted 46 to 7. And Russian
bought at 99, quoted 96 to 100. Other foreign cur-
rent securities were quoted nearly as before. Dutch
Two-and-a-Half per Cents. 44i to 51; the Fours, 701
to 11. Belgian Four-and-a-Half per Cents 70 to 2.
Spanish Fives, 111 to 12 ; the Threes, 221 to 31;
Passive, 21 to 31. Portuguese, 21 to 2. Buenos
Ayres lower at 20 to 2. Peruvian, 29 to 31. New
Granada, 111 to 121. Chili= Six per-Cents., 83 to 7.
Brazilian, 74 to 6
The private advice, from New York and Boston by
the Britannia are of • favourable character. Money
was comparatively easy ; exchange on England was
9 to 1 pm. in, as termed, "the street "--that is,
the open market. The accounts carried out from
hence by the Niagara, which reached New York on
the 31st alt, of the unfavourable season and prospects
of the harvest in this country at the time of her de-
parture, with the rising prices consequent,
had given an impulse to the prices of wheat
and other bread-stuffs there, but as the
stocks on the seaboard were light the shipments
were not likely to be heavy before further 'nivel'
from hence advising of improving appearances, and a
more subdued tone of corn markets. Weeks more or
leas must elapse before any very considerable quan-
tities of corn could be obtained from the grcat grain-
growing states of the interior and the far west.
Freights were materially on the rise at New York
which, besides, would either check shipments in
some degree, or add to the cost of the produce
shipped. Meantime from the generally prospering
state of the Union much confidence was entertained
that there would be a good spring trade, and that
orders would shortly be freely coming forward to this
country for manufactured and other goods to prepare
for and meet the expected demand.
The advioes from the manufacturing districts are
becoming less satisfactcry respecting the state and
the prospects of trade. The Manchester Courier,
published this morning, observes of the great weekly
market of the day before that :
_ _

An increased dlgp;ne has seemed to prevail, and priers are
hardly as firmly maintained es heretofore. No quotable
change has taken place, but there is more irregularity gene-
rally ; end if it were thought that a concession would tempt
purchasers, no doubt a concession would have been obtained
without much difficulty. Perhaps the only exceptions are
low numbers of yarns ; but printers and other low descrip-
tions of goods can, notwithstanding their having been in
pretty brisk demand of late, be purchased at rates some-
what more in favour of the buyer ; in last, were spinners
and manufacturers less engaged on orders, both considerable
concessions would be made, and a general resort to shorter
time take place. . _

There appears to be a disposition in that locality, it
may be remarked, to look too much on the darker side
of things, whfch may be natural enough with a still
fresh and lively recollection of Nome year and a half
of very great previous depression, and many commer-
cial disasters. But from the avowal that spinners and
manufacturers are std "engaged on orders, the actual
state of affairs should not be so discouraging. As orders
on hand are cleared or clearing off for some markets,
other markets may be opening, since all are not
equally active at the same time. The prices of the
raw material besides have ruled, and are still ruling,
so moderate that manufacturing profits should have
been, and doubtless yet are, sufficiently remunerative,
without being . excessive, and therefore on such
grounds there is a fair encouragement to make for
stock, when orders run short. Although, u farther
stated, the " home trade" is dull also, yet at this
' season of the year, when the autumn demand must be
tolerably well satisfied, such temporary inactivity can
be of no unusual occurrence. The houses in that
trade may have reason shortly to look for some im-
provement, now that harvest operations are bringing
to • close.

=GUM MN DS
3 per Ann Wm, SO 6 roma. far Amount, SU
Lem 0 ours. 93P. .44. 3, grab. MIK 41,440, lid., March,
163 D, to Mitt 29 ; June. SS 8
1,44.% 41 I npt . von Roe. A 7

EXCHANGES AND firocxs ABROAD.
Dareinua. BUT. lA—Lm. ; Ditto. 1812, 77j; Ditto,
1244 ;Mt Wei. 67; 61; Ditto, of the OM, IS= W.
wokmighu6. tai: true of 1141, 1i67. lizabeago on Loudon.
14.45.
AI76I,SaDAW, San. 18.—Aet. Debt Twoond-s•flaU pee Coni,.. 444
441; intto, Three pez Cade.. 61t ; Ditto, row viw 7161
‘Ol. CAS ludis Loan, 4 vet cool., SU.