The Express.
London, England, 1847-03-16 00:00:00

MONEY MARKET.

MONDAY EVENING.
The funds were more depressed in price to-day
than hitherto. Consols were done as low at one time as
871 for money, and 88 for time. The market appeared to
be all sellers. But towards the close of business Consols
gradually rallied, and left off 881 to 1 for money, and 881
to 1 for account. Shortly after the regular hour of business
they advanced to 881 to 1 for account. Reduced Threes
were done for the opening at 874 ex-dividend. Some bar-
gains took place also in Three-and-a-Quarter per Cents. at
881 'and 89 ex dividend for the opening. Exchequer-
bills par to 4s. premium. Console scrip, after being down
to 11 discount, recovered to 1 to 1. The sudden turn
of affairs in the market from sellers to buyers was ascribed in
some quarters to an alarm on the part of the former, whose
sales on speculation have been so heavy and continuous,
lest they should be caught bears, and so find prices run up
against them. Money was quite easy on the Stock Exchange,
and might be readily had at 3 per cent. The discount market
was also well supplied.
The transactions in foreign stocks were of the same limited
nage as for a considerable time past. The jobbers were
mostly occupied in making up their books for the settlement
to-morrow, which, however, sea hardly be other than a
light account. Mexican were called 211 to 1. Portuguese
Bonds, 32 to 4. Spanish Fives, 221 to 31; the Threes, 341
to 4. Dutch Two-and-a-Half per Cents, 671 to I ; the
Fours, 91 to 1. Brazilian, 851 to 111.
The papers of Newcastle-on-Tyne concur in stating that
the stoppage of the North of England Bank had not been
followed with any Invasive or mat-rial incenvenienee to the
other banks of thelueality. Opinions vary as to the more
or less of loss and facility with which the winding up of the
hank in default will be attended. But the Journal and the
Guardian agree in testifying to the subetsntial respectability
of the proprietary. The latter paper observee—
" Various rumours are afloat as to the liabilities of this
unfortunate establishment; but, until the accounts are regu-
larly audited, no definite sum can be named. The transao-
tions, as we have already stated, were very extensive, and
chiefly connected with collieries and shipping. Still, there
can be no doubt that ultimately every claim will be telly
liquidated. The shareholders, whose names were recently
published in this town, afford an ample guarantee for the
realising of sufficient capital to meet all liabilities. The fol-
lowing statement, which is understood to be the one sub-
mitted to the last meeting of the proprietary, will afford
some insight to the state of the bank affairs. It includes all
the transactions for 1846:

Ledger balance eindlts, sad notaanCiTcalation Z733,314 0 4
Capital Mock
Unclaimed dividends 1,205 12
Balance brought down (moat and low)

,71$ 3 2

Cult and bills in the ham £396,966 14 11
=balance ts
premier, Nedebiwoultls /7:0046: 1 4
40 0 426°24 12
11
Sanderlaad 1
Melds 4OO 0 0
9,506 15 4

.7!3
.3 1

The stoppage, it is proeller to notice, has not an the slightest
affected the other jointetock banks in the town. Being well
prepared to meet any pressure that might haw occurred,
they can scarcely be said to hare suffered any inmate-
mence, either in Newcastle or at the branches. Nor has
the unlimited confidence justly reposed in these establish-
ments been, is any degree, shaken by the unhappy stop-
Pc;ie statement, supposing it to reflect the present po-
sition of the bank, does not mad very flatteringly, br
shareholders at least.

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Nov. 1444 Dina Arewt, 14 arca 31. 111
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BROKAMOBS AND.II/oOill ABROAD.
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las, 171

EXCHEQUER Bttut.—This day Exchequer Bills bearing
an interest of twopence per day for every 1001., will be issued
in whole or part payment of the principal m,d interest of the
Exchequer Bills dated March, 1846, of the Bth Vic., c. 23,
for 9,379,6001., 1845, and the Bth and 9th Vic., c. 129, for
9,024,900, 1845. The Exchequer Bills dated in September
and November, 1845, 2 and 3 Will. IV., for the Relief of
the West India Islands, will also be paid this day, but en-
tirely in money.