The Express.
London, England, 1851-02-22 00:00:00

MONEY MARKET.
THIS DAT.

Twos °Timex.
The ministerial difficulty is the chief topic of dis-
cussion in City circles. All parties adopt the solu-
tion of the Doily News as conveying the assurance
of Sir Charles Wood's retirement into private life,
and it is accepted with extreme satisfaction. By
commercial men the crisis is looked upon as a God-
send. as not only relief from an incompetent, meddling
and tyrannical Chancellor of the Exchequer, but as se-
curing rather than endangering the progress of • li-
bemlandenlightenedpolicy. Recent andeinningevents
have more deeply impressed our leading men with
the conviction that the country is engaged in a
career of competition, in which nothing but energy
and freedom of action can enable us to maintain
our supremacy at the head of manufacture* and
commerce. the working of the gold treasure* of
California, the spread of colonisation, tlw enormous
advance of steam navigation, the combined action of
the electric telegraph, the removal of navigatory and
fiscal regulations, almost without exception through-
out the world—all these events are brought to a
climax in the forthcoming gathering of all nations,
which will give a stimulus to industry and enterprise
throughout the universe. We have therefore not
merely to receive our visitors, but to set our house
in order ; and merchants look with earnest
anxiety not only) to the principles but to the men
guiding and a ninistering our commercial policy.
The Exchequer and the Board of Trade have ac-
quired a higher administrative importance than they
before possessed, and no one but has felt strongly
desirous for the removal of a Chancellor who has
signalised himself by failures in each successive year.
and who, so Eir from falling in a period of
difficulty and deficiency, has succumbed with a pros-
perous exchequer and large surpluses, which he has
not known how to apply.
The strength which would be given to the ministry
by the accession of' Sir James Graham, us intimated
by the Daily News, is acknowledged; but the ques-
tion of the future chancellor is ooked on with no
less internat. 11w difficulties in the way of a
Stunleyite administration, even if not protectionist,
arc strongly felt, and there is a disposition still to trust
Lord John, be:ieving that, as an experienced leader,
he will profit by the lesson he has received. Never
was there a Peron when such a crisis was discussed
with less party bias, because it is felt that the
country cannot consider the claims of faction, but
must lie governed on sound principles, and on an en-
lightened policy.

-Several 'circiunstmces contribute to support the
money market under the anxiety of a period of
transition. There is a stronger as,uranee that the
Hank rate will nut be altered, while not only were
the exchanges quoted higher yesterday at London,
but likewise at Paris, and the increase of bullion in
the Bank of England confirms the impression that
the currency crisis has abated.

There was some flatness observable in the stock
market at the commencement of business this morn-
ing, but this has since in a great measure passed off,
and prices are now quoted about the same as
they left off yesterday. Consols opened at 96
fur money, and 96 to 1 fur sweount, and,
after receding to 951 for cash, have recovered to their
present quotation, 96 to 4 for present delivery, and 1
more for the 11th of March, being tin' same us they
closed yesterday afternoon. The prices of business
are : nuce per Cent. Consols, 96, 9.1 t, ; ditto for
account, 96, ; Three per Cents. Reduced. t/f;, I;
New Three-and-a-Quarter per Cents., 98,4, ; India
Stock, 265, _'J; Bank Stock, 2151.
The unfunded securities continue depressed under
the influence of selling operations, and prices are
again lower to-day. Exclanuer 1.0991., mark
495. and 44;5. prem.; ditto, 500 L, 465.; ditto small,
SOL India Bonds, large, MN. prem.; ditto small, 375.
The foreign stock market opened flat but is now
steady, and, though this is usually the quiet day of
the week, an increase in the business is to be noted;
for though the transactions are not extensive in any
particular descriptions, most stocks have come in for
a share of attention. Russian stocksopened lower, but
have since recovered. Buenos Ayres Bonds, on the
other hand, arc rather worse, on met t of meet
unfavourable intelligence ; and Mexican Bonds show
some little weakness, business having Ikea last trans-
acted at 321. The list of actual transactions is:
Brazilian Old Five per Cent. Bonds for account,
92;; ditto small, 92:, 93. Buenos Ayres Six per
Cents., 54, .4. Chilian Three per Cents., 65. Danish
Three per Cents.. 1825, 77; ditto Five per (.'cents.,
Dutch Four per (Amt. Certificate:. 917, ; Grenada
One-and-a-Half per Cents., 17: ; ditto Deferred, 3.
Mexican Bonds, 33;; ditto for account, 321. Peru-
vian Four-aud-a-Hulf per Cents., 1849, for ac-
count, SO; ditto Deterred, 351. Portuguese
Five per Cents. 874; ditto Four per Cents., for ac-
count, 334, Russian Four-and-a-Half per Cents.,
961, 9;1. Spanish Active Five per Cents., 191, j.
Venezuela Two-and-a-Half per Cents.; 39; ditto De-
ferred, 11.

13101.111 U Plll.4ll+.—Tais Dee.
*use ROA. 24: 1:! 3l+'r Ct.on. Ace.. 1(3. t
3 err Ct. god. A .• . ' i i ...1., 11...:.i i
leer Ct.Lon.Au..*.. .), ', • MO.:ow r 1r.u.41e. to 50r.
'VI/10310V Vi'N pm.
5 per Cl. Anolaine Wed.,— IN r cs.3l,...ravek Pls.. 13 12
41 per 01. Inolg. 13en1e..1 3 ,1n..,...e. Peons"! line.. 3; 44
4 slur (Ant— 0 le, Cl Pos. Me. 32t 3/
tee Cl. 1441111111, 114.1.. 21 3 4 ,er ct, Don... MI.. ,sly Di
Ditto New. VO : Yor.ogoomo Vuorcrtvel 33 4
i VI Ct. ttu.u... A yIC.S. (3 5 5 I, l)t. 1t0... II 1.... 112$ 13e
filer Cl. Chihan Pb., 1 3 o.: :,:it. Si tosoll ..d..., 1'..1 i
I4tto Colurnh. Pet. like.— 3 per el Sparesh 1034.. 474 2
Oulninetan 1:....a.10r Pt.. 34 ; Do. Dukno.l Mk.
3 on, Vt. Dahl., ilk, .7 V :,111.. Pli.lre 11414.44 i
21 ler IXDote* 1::... 6t 4 3 1...4 '.:t.. Venezuela 14M.. 3p 2
4 paw Ct. Preen .3,...,131 5 V . •-,..-0 Peterro ' Nenea. 11 13

LATEST FOREF

IN EXCHANGES.

Par PARIS, Feu. 21. I rotrey. Mensal. _
N i °pew., qu io" L...., I adult.,-- - -.
, 57 Si • 37 73 I 37 NO IT 70 37. 75
do
rwv Cent..
i 95 43 05 43 96 25 9r.. 23
ler Caw'.
...
per Centx.
...
... ...

3 !Sr Cents,
3 Mt Cents.
4 Cents.
S ids. New Loan
3 per Cents. —..
,•• I • • I •• • 1
Exchange on Ldricloti : at slant, 213 ; 90 days, 21 17j.
Belgian, 5, 1840
lb. 5,18 U
Do. 45
Do. 20
Pieshuor.t 5 p.Ct 1419 8093 ... hunk Stilton
BOVlNE.—VersAillee (right hank), 171 21; ditto (left
tank), 170; Parts alai 011eana 835; Paris ani Rouen, e 49; Rosen
I alai Ram*, 271 .54; Marseilles and Aviiernm, 191.50; Straabourn aid
Bale, Iso; Centre (Vinson), Ms; IS; fleabites' and Amiens, 125';
Orleans sad Bortle.tur, 395; Northern, 473; ibis and Strasburg.
3r,7 30: Tours and Nantes, 348 75.
11111.1.15, F4:11. 20.—Voluntary Loan, 106 ; New Lost,
Four-and-a-Half per Cents., 1001; Nationcil Debt,ls4l; Com-
mercial Marine Society's Premium, 1221; Bank Sharps, D 5.
VIENNA, Fan. 19.—Fire per Cent. Alctaniques, 968 ;
Four-and-a-Half per Cents., ditto, 148. BSA Shams,
121$0. Exchange on London, 12.40.

RAILWAI'S.

THIS DAY.

Two o'CLoc

The share market opened flat this morningg,
dealers manifesting an indisposition to operate: pend-
ing the ministerial difficulties, and though the feel-
ing is now a trifle better, prices in most in-
stances, have not recovered to yesterday's range.
Still, the decline is not considerable. Great Westerns
opened lower, at 89 to 90, but have since rallied to
902. North Western stock marks 133. South East-
erns, 26. Brightens, 07!. London and South West-
erns remain steady, and were last transacted at 90.
Vale of Neath has: advanced to 81.
The following are this day's sales :
Aberdeen, 131 ; ditto Preference, # 1 dis. ; Ambergate,
Nutt., Boston, and Eastern Junction, 31 31; Caledonian,
111 ; Chester and Holyhead, 201 ; ditto Preference, 14
Bast Anglian, 31. 10.., 11; Eastern Counties, 7 ; Edits-
and Glaago. 341 Edinburgh, Perth, and Dundee, 7 ;
Great Northern, 171 ditto Halves, A Deferred, 61;
Great Western. 89190 1; Hull and Selby, 1031 ; Lanca-
shire and Yorkshire, 61 7 8 ; ditto Fifths, 411; London
and Blackwall, 71 ; Lon on, Brighton, and South Coast,
97 ; ditto New Guarranted 6 per Cent., 1371; London
and North Western, 1331 31 ; ditto New Chancier',
23 ; ditto Fifths, 171; London and South Western, 891 9 90;
Man., Buz., and Mat., 11; Man., Shelf. and List., 34 1 31;
ditto New 10/. Preference, 111 ; Midland, 611; ditto
601. Consolidated Preference, 191; ditto Birmingham and
Derby, 33; Newmirket,i ; N. British, 91 A • N. Staff.,lol hi
Oxford, Worcester, and Wolverhampton, 191 1 ; Reading,
Guildford, and Reigate, 21j; Scottish Central, 171 18 :
South-Eastern, 251 6 6 ; South Wales, 2617; Wear Valley
6 per cent. guaranteed, 24} ; \Vest London, 8 ; York,
Newcastle, and Berwick, 201; ditto Extension, 161 ; York
and North Midland, 241

- -- -
INCREASE TN THE AMOUNT OP LODCING NIONT:If
TO MAIIIIIIO SOLUISIS.—We are glad to find, by a cir-
cular letter addressed to commanding officers by the Secre-
tary at War, dated War-office, 15th inst., that the former
amount of one penny a day granted to married soldiers, to
aid them in obtaining lodgings for their families out of
fairracka is to be incensed to twopence per diem in each
case, and for this excellent purpose au increased vote is in-
cluded in the army estimates for this year just published.