The Express.
London, England, 1853-02-22 00:00:00

MONEY MARKET.

MONDAY Ermine.
The tone of the English stock market to-day was
steadier, but business is utterly inactive. The rail-1
way market, although little changed in prices, was
heavy in character, and closed with a very dull
apg=ce. underwent no fluctuation whatever, 99;
toy being the prevalent quotation ; but in the after-
noon the price was a shade firmer, at 994 to 11-16,
for the 10th March. The transactions both for
money and time were unimportant. The official
report embraces:—Three per Cent. Consols, for'
money, 994, 3; ditto for account, 99,t, 4, 4.
IThree per Cents. Reduced, 1001, I. Three-and-a-
Quarter per Cents., 103', 4. Long Annuities, 1860,
64, Annuities of 30 years, 1860, 6 3-16. India
Stock, 266. Bank Stock, 228.

The market for Exchequer Bills was rather better,
although prices can scarcely be said to exhibit a
rally. There were transactions in the June bills at
17a., 155., and 10s. prem., and the closing price was ,
about ss. to 20s. prem., the dealers refusing to do
Dunne.. except at a very wide margin. The adver-
tised issue was dealt in at 13s. and 6s. prem., and left
off quoted ss. to lbs. prem.
In the foreign 'doe/ market there was a slight im-
' provement in Mexican Bonds, which touched 24, the
intelligence that the revolutionary party which has
now the upper hand in Vera Cruz respects the por-
tion of the custom house revenue assigned to the
foreign bondholders being received with much satis-
faction. There was also a further advance in the
price of the certificates issued by the Spanish bond-
holders' committee for the half' of the overdue cou-
pons unrecognised at the last conversion. The price
of these vouchers closed 51 to di percent. There ap-
Ipears to be an idea that the present Spanish cabinet
I will yet do something in the direction of a measure
of tardy justice to the holders. Other
foreign securities are firm, but quiet. Sales
are recorded as follows:—Belgian Four-and-a-Half
per Cents., 981 (exchange, 25 f.); Brazilian Five
per Cents., 1829 and 1839, small bonds, 1021; ditto
New, 1843, 971. Danish Five per Cents., 1071, Z.
Ecuador Bonds, 51-,, 1. Dutch Four per Cent. Certi-
ficates, NI. Granada Deferred, 111,1, 11. Mexican
Three per Cents., 231, 24. Portuguese Five per
Cents. Converted 1841, 40; ditto Four per Cent., 384;
ditto for account, 28th February, 39; ditto Three
per Cents., 1848, 35. Sardinian Five per Cents., 95.
Spanish Old Three per Cent., 481, 4,4; ditto New
Deferred Three per Cents., 234; the Committee's
Certificates, 51, 5; per cent. Swedish Mortgage
Loan, 1$ dis.
Intelligence has been received at Lloyd's from the
Admiralty offices, that her Majesty s steamers Magi-
eienne and Vulture have been ordered to proceed to
the Chops of the Channel, for the relief of the large
fleet of vessels known to be delayed there by the
contrary winds.
On the 22nd inst. is to be opened at Brussels a
subscription list for the loan contracted on account of
that city. The amount to be raised is 3,000,000 f.
(120,0001.) The loan is to be redeemed in 66 years
by means of annual ['riming*, when certain numbers
will receive prizes varying from 25,000 f. to 2,000 f.,
according to the lottery system adopted in the case of
many of these continental loans. The rate of interest
offered is 3 per cent, per annum.
There is considerable dissatisfaction existing at
the large additions that are being made to the capi-
tal account of the Midland Railway Company, as
shown in the present accounts, and those for previous
periods. The charge of 3.4591. per mile for rolling
stock, which shows an almost continuous increase
since 1844, when the charge per mile was 2,6131.,
contrasts very unfavourably with the system pursued
by the London and North-Western Company. In
the accounts of the latter, the return for working
stock is 2,3281. per mile, showing a decrease of
charge since 1840, when the oust returned was 2,5791.
This account, in contra-distinction to that of the
Midland Company, has been regularly relieved at the
expense of revenue. To show these results more
clearly we extract from the accounts just issued by
each company the tables exhibiting the mileage
charges. The Midland statement is as follows :

MILIAOIS CKAROI FOR WORKING STOCK.
Total saws for roll- Total charge Total Avenge
lag steckonackinery, on capital miles per
tools, &c. atooant. worked. nrie.
December, 1844 £475,585 182 £2,613
.. 184.5 634,276 187 2,857
ri 1846 918,708 273 3,366
i. 1847 1,429,128 406 3,520
i. 1848 1,714,369 4.58 3,743
i. 1849 1,704,607 6111* 3,332
o 1850 1,704,607 621* 3,272
o 1851 1,7.54,606 521* 3,368
o 1852 1.833,587 630* 3,459
_

elneludiog 11} mules of the Manchester, Buxton, and
Matlock, 9 miles of the South Yorkshire, and 13 miles of
the Oxford, Worcester, and Wolverhampton Railways,
worked by the Midland Company.

And the London and North Western return is as
under :