The Express.
London, England, 1851-03-10 00:00:00

Consols have been stationary all day, at the last
rate of Saturday, 96! to 1 for cash and to-morrow.
For the account of the 10th of April they may be
called 96; to 1. The business list is:—'three per
Cent. Consols, 96:, j; ditto fur account, 961, j•
Three per Cents. Reduced, 971,1. New Three-and-
a-Quarter per Ceuta., 981, 991. Long Annuities,
18110, 71, 11-16, 1 • ditto 30 years, 1859, 7 7-16;
ditto 30 years, 1846, 7 7-16, a, Bank Stock, 2131.
On Wednesday tho transfer books close.
Exchequer bills are in some demand to-day, and
mark Is. higher—all sizes having been negotiated at
50s. to 535. premium. India Bonds, 10007., mark
565. and 575. premium.
Business has been prosecuted with rather more
activity in the market for foreign bonds, but the
change in prices is limited to a full of about 1 per
scut. in Mexican, which have been transacted as
low as 331. The news from Mexico is looked
upon as very unfavourable. Much diwppuiutment is
also felt at the small amount of thc remittances (31,000
dols.) received by thy Severn. Peruvian Bonds remain
steady. The list of the morning's actual bargains is:—
Brazilian Old Five per Cents., 93; ditto small, 931.
Belgian Four-and-a-Half per Cents., 92. Dutch
Two-and-a-Half per Cents., 38.1, 1 .1. Danish Three
per Cents., 791; ditto Five per Cents., 101 ex div.;
npuidor Bonds, 31. Grenada One-and-a-Half per
Cents., 171 ; ditto Deferred, 4. Mexican Bonds,
331; ditto for the account of the 14th,
34, 331, 1. Peruvian Four-and-a-Half per
Cents., 1849, for account, 81; ditto Deferred,
381. Russian Four-and-Half per Cents., 991
Venezuela Two-and-a-Quarter per Cents., 301 31 ;
ditto Deferred, 12.

The money market is rather tight, but there is
nothing at the present moment to hold out any pros-
pect of continuous high rates for money. There is a
sluggishness of business here at the beginning of the
season, but there is abundance of capital, and only a
limited amount of preferable employment for it.
More money is coming in for investment from
dividends. The same remarks apply to the
Paris. Amsterdam, Hamburg, and Frankfort
markets, at the three latter of which money
is very low. Although the Bank of France
continues to charge 4 per cent., the accumulation of
funds at its disposal continues, and nothing but the
emburra-ssments of the treasury enable it to command
such rates. The improvement of affairs every day
announced from the late seats of war diminishes the
pressure on continental resources. From the west
we shall soon have further remittances, the gold
mining season beginning again with every prospect
of an increased trade in the Pacific. Although we
have had commercial advices from the cast which
have been construed as unfavourable, the pressure on
the money markets in India does nut seem to be more
than is usual in the winter season. _ _ _

Foreign rates of discount may be quoted as fol-
lows : Adelaide, 23 per cent.; Amsterdam, 2 per
cent.; Antwerp, 2to 4 per cent ; Bourbon, 6 per
cent.; Bordeaux, 4 per cent.; Brussels, 4 per cent.;
Copenhagen, 3 per cent ; Frankfort, 11 per cent.;
Hamburg, 11 per cent.; Havre, 4 per cent.; Havan-
nah, 8 to 9 per cent. • Madrid, 6 per cent.; Mar-
seilles, 4 per cent.; New Yurk, 6 to 7 per cent..
Paris, 4 per cent.; Peru, 24 per cent.; Philadelphia,
5 to 6 per cent.; Rotterdam, 21 per cent.; Rio Ja-
neiro, 7 per cent.; Trieste, 44, t per cent.; St.
Petersburg, 3l to 61 per cent.; Valparaiso, 12 per
per cent.; Vienna, 5 per cent.
In consequence of higher terms in the money
market the Bank of England hue been able to reduce
its reserve ; but it still has a large amount unem-
ployed. The circulation and private securities have
increased, and the reserve decreased to the extent of
half a million. The bullion has again slightly rallied.
The bank of France returns for the week ending
Thursday, March 6, show the following results (25
francs for 11.) :
Bullion £20,6(16,780 Increase £284,301
Bullion on deposit 127,332 Increase 6,895
Circulation
I'ublie deposits
Private deposits 3,936,380 Increase 83,927
Bills discounted 5,280,774 Decrease 244,190
Government securities 7,050,690 Increase 495,562
It will be seen that the stock of bullion shows a
further considerable increase, and that it now ex-
ceeds the amount of the notes in circulation. Other-
wise these returns offer no feature calling for special
comment.

The returns of the Bank of Prussia, to the 31st of
December, 1850, for Berlin and all the branches,
show the following results :—Bullion, 2,682,358'.;
circulation, 3,150,000/.; deposits, 3,412,000/.; dis-
counts, 1,868,740/.; stock, 2,626,972/. These returns
do not show a large amount of accommodation for a
commercial country with a population of 16,000,000.
The bullion market has been helped by a further
purchase of silver for the East Indies, but prices of
dollars are now lower. Some demand for bullion
will arise for the Kaffir war, but sovereigns can be
used, and even Bank of England notes, for commis-
sariat payments at the Cape. The remittances for
the next steamer arc not at present to a large
extent.
Prices on the Continent remain as before, but
everything shows the subsidence of the bullion crisis. I
The accumulation at Paris is large, but the exchange
on London has again varied, and the exchanges at
Paris on other places show some movement. Yester-
day the rates on Madrid were higher, and those on
Hamburg, Frankfort, and Milan lower.
We have not any imports of bullion to report this
week.
The amount of the precious metals exported from
the port of London during the week ending Thurs-
day last, we learn from official sources, was 2,127
ounces of gold, and 116,320 ounces of silver, shipped
as follows :—Gold coin : to Dunkirk, 1,200 oz.; to
the Mauritius, 927 oz. Silver coin: to Bombay,
I 45,620 oz.; to Belgium, 33,000 oz.; to the Muuri-
this, 7,700 oz. Silver tars: to Rotterdam, :10,000
oz. The total value of these exports is about 37,3001.
Besides this amount, the Iberia, P. and 0. steamer,
took out 7001., and the Trent, 'West India steamer,
2,647/.
The week's railway transactions have been nume-
rous, and this may be marked as one of the most
speculative weeks for dealings, but the reports are
generally of a nature to maintain the value of rail-
way property, while the depressed lines are obtain-
ing relief in the improved state of the money market.
Mr. Brasaey, on an arrangement to pay him cer-
tain instalments, has undertaken to open the Shrews-
bury and Hereford Railway, from the former city to
Ludlow, by the 31st of December, and he has fur-
ther agreed to rent the hue so completed at 3! per
cent. per annum on the amount expended till the
line to Hereford is finished. "To enable the directors
to pay the stipulated instalments," states the Rail-
way
Times, "they will be compelled to require
payment of the arrears of calls now due, to
make an additional call of 1/. on the new shares,
payable on the Ist of June next (when the last in-
stalment of the call of 3/. on the old shares will con-
sequently become due, thus equalising the old and
new shares), and to make a further call of 1/. on the
whole of the shares early in the ensuing half-year,
making a total capital paid up of 61. per share.'
From an analysis of the railway traffic returns for
the last week, given by Herupath's Journal, it
appears that the receipts on 6,257 miles were
231,1451., being at the rate of 37/. per mile per week.
For the corresponding period of 1850, 210,7681. was