The Express.
London, England, 1847-05-28 00:00:00

POLICE. v
- EiTERDAT.

to 2a. prem. Console Scrip, 14 discouut. India Bonds, par'
to 2s. pry m. Long Annuities, 8 15-16 to 9.
The excitement and the rise in prices of the home funds,
had no elfcet upon foreigg stocks. Mexican were quoted
rather better, at 204 to i ; Spanish rather lower, the Fives
at 22 to 4 ; the Threes, at 33} to 4 ; Purtoguese, 33 to 4 ;
Dutch Two-and•rollelf per Cents., improved late in the day
to 684 to 9; the Fount, to 89 to 4. In other foreign memo-
! ties co quotations were made.
The deticioucy of st- etc, by which the speculators for the
fall were caught in the liquidation of tee camel account to-
day was utrabuted by themselves., and by themselves alone,
to a certain combined action of the goverment. Bank, end
contractors of the eight millions luau. The governiny at
was iuflaeneed, of course, by i embarrassing position
with respect to the pending adjustment of the exchequer
tills little% due; the Bank was presse I therefore to sustvin
stock values, and make them scarce, by advancing upon con-
eels for a short period at the rate of dl per cent. interett ;
the loan contrectors were moved by the iutelligible anxiety
of helping up pricy s, so as to slip out of their console scrip, at
a profit it possible, if not, without loss. These attempted so-
lutions of the vet y cunair.on-p!ace phases of a time bargain
liqui tattoo may perhaps help to soothe the perturbed spirits
of self sufficient parties, smarting under loots which it would
not be pleasant to ascribe more properly rather to their
own aeltsatisfied ignorance, but they amount to no more Its
truth than an overstrained repetiuon of the same vulgar
conceit., by which en ail occasions of extraordinary Suet's-
ations the cause is summarily explaiued by the Bank, or the
government, or loan contract ru, hating done it all.
It may be safely affirmed that neither one nor the other of
these potential personages or impersonations had anything to
do with the ,natter of the rise in
,prices to-day, or the scarcity
of stork. The sellers had calcium. d that is the depr elated
position of the scrip of the eight miilioira loan, there could
I be no want of stock for dylivery against speculative sales
if required, because they Lad only to buy ceneols
scrip, pay it up with the discount allowance of
the Treasury , and stock in plenty was to be had
at once. The calculation, specious as it appeared,
was frustrated by events. The speculators 1. ft a very nem-
eery ingredient out of the reckoning, in the person of the
Emperor Nicholas. This great personage, who bas lately
taken to stuck business as a buyer, does not condessund to
job. It is stated in respectable quarters that, instead of deal-
ing for what he wanted iu theopea market, lie hay pref. reed
to make his bargain out of the house in sine line with the
Mews. Baring. fir two and a half miitions scrip of the eight
millions loan, which, after paying up with the 5 percent.
! allowance off, he proposes to hold. It doss not follow mat gold
to the amount will come, or is exposited, from St. Petersburg,
because, as the statement runs, the yelling house proceeded to
draw. fur to amount of the scrip paid up, on Paris, Amsterdam,
and Hamburg, where credits were lodged to theend. Renee
the great rite to foreign exchange which ensued and continued
fur several weeky, succeeded since the operation was con-
cluded by a depression corresponding. Such is the explana•
lion current in resist ctable quarter., which is underatouct to
be substantially correct, however in rt s2ect of amount and
minor details it may not he to the letter ; and thus were the
calculation, defeated which reposed on the eight millions
loan fur an &mile supply t.f stock in meet- need.
It rosy be observed, also, that the roe in prices to-41'y
was materially assisted by the private buying in of some large
bear accounts.
_ - . .

The following have Men the fluctuations cf price:, bi-
weekly, that is in the Tuesdays and Fridays, from highest
to lowest during the aemunt now coded, which opened the
ljith of April. The quotations represent money prices.
timbal price. Lorca prior.
April 15
• 20
„ 87
21 ....„» 67
alit
„ 27
6 4
May 4 ........ —........— ...... ..
" 11 .--
:14 . ... ... Sr
„ 18
• 21
". 25
678 i
67
The lowest paint was therefore 851 ~n tiro 27th of April,
and the bilf,ebt 881 to-day, the range of fluctlation (excluding
all iiitermrdiate variation. flout day today) hay, therefore, been
21 percent. only between the extreme points.

Peek Wert, 1191 901 Consoh f7r epeeles July I. NI 11
3 per Ca. Neil. Anew , 1.61 I 7 1111
3 per et., per. elm,. 071 1171 Ili 3 pee C. et. Cousin. Scrip, If rlie.
New 31 per C 2. es... wl 11 ea. bilis. L 1,960, 2J., 3 pm. p v 1
Lose An., esp. Jaw .1 1,00. 9 Cm Wit,
Dim., X yrs, ezp Jae. S. 11140.911 Ditto, 421. 4 pia per
imlie Itmd., ender loud , I pm. Ditto, bmail, 6 3 1,...
Mile, under lOW , 1 pm. A dir 2 pos.

par C 4. M. 41,44,1416, '''''
4 per et. Yu, • 14.31.... None., 3/14 3
per Cert. ~.,4441•11 Loa., taunt, I
111• y 31, la

I Pt,NrIA.
per O. Dem k isehange,l2 Gall.,
4 per Ceet. Dtrrb Cer.lfleves,ll
Ateentw, May 11, Web

W. 24.