The Express.
London, England, 1849-02-08 00:00:00

MONEY MARKET.

WEDNESDAY EVENING.
Although the transactions were not of any import-
ance to-day, the funds have not the leas been in
upward progress. Consols were bought as high as
921 for time, and I- less for money, but, in fact, there
were few sellers. The considerable improvement on
the Paris Bourse announced in an early third edition
of the Daily News this morning, combined with a
more steadied appearance of political affairs generally
on the continent, have not doubtless been without
their influence on public securities. The rumour again
prevalent this week of a movement to-morrow at the
Bank of England, in the shape of a reduction in
the minimum rate of interest, was not without its
effect in rendering the speculators for the fall more
anxious to get out of their accounts, and encouraging
those for the rise to hold by theirs. Excepting some
speculative operations of selling and buying by parties
rather suspected of acting in concert, the real business
of the day was, as before said, of no consequence.
Consols left off, with slight intermediate fluctuations,
at 92 to for money and time. Reduced Threes, 92k
to Three-and-a-Quarter per Cents., 92i to 3.
Long Annuities, 8 15-16 to 9. Exchequer Bills for
March, 40s. to 435. prem. India Bonds, 475. to 49a.
prem. Bank Stock, 194 to 6.
- -

(Fiat oar

_
Foreign stocks generally commanded more atten-
tion to-day, and prices were fully sustained. Spanish
were still in advance, the Fives at 161 to 1 ; the
Threes, 29 to 1 ; Penises, 31 to 1. Portuguese, 25
to 6. Mexican were 251 to 1. Some dealings took
place in Ecuador bonds, at a rise to 3to 1. New
Granada also were bought at 15, and may be quoted
16 to 1. Brazilian were buyers at 794, and were
quoted 791 to 801. Chilian, 91 to 3. Dutch Two-
and-a-Half per Cents. were 491 to 50; the Fours,
781 to 1. Russian were dealt in up to 1071, but may
be quoted 105 to 7. Belgian strong at 794 to 801.
The London and North-Western Railway Com-
pany have, it is understood, notified that they shall
no longer give more than 4 per cent. for such loans
as they may require.
To-morrow an influential deputation is to wait, by
appointment, on the President of the Board of Con-
trol, upon the subject of Indian railways, and to im-
press upon that high functionary the immense im-
portance for British interests of government inter-
ference for encouraging them, and using their
influence with the East India Board for coming to
their aid. The deputation will represent a powerful
combination of commercial and political influences,
suck as the presidents of the commercial associations
of Manchester, Liverpool, Gla.gow, &c.; the mem-
bers of many of the great trading and manufacturing
towns, and of some of the great industrial interests
also, such as Alderman Thompson, Sir J. J. Oust,
&a, for the iron interest, with the chairman of the
prejsoled Fast India and Peninsular Companies.
From the report of the Secretary of the Treasury,
as laid before the Congress, and published is the
Chili papers received yesterday, it appears that the
imports of foreign products into the ports of the
republic were valued for the financial year 1847-8 at
10,149,136 dollars. against 10,055,580 for 1846-7.
The exports of national fruits and fabricated articles
ars stated for 1847-8 at 6,340,384 dollars, and, in ad-
dition, of naturalised (that is, re-exported) com-
modities 1,774,904 dollars, together 8,115,288 dol-
lars, against 8,442,085 dollars tor 1846-7. The total
revenue derived from customs, excise, and all other
branches of taxation, amounted for 1847-8 to 3,714,078
dollars, against 3,623,918 dollars for 1846-7. But as
a surplus accumulated in the treasury yearly of
receipts over expenditure, which at the close of the
financial year 1846 had grown to 2,121,713 dollars,
and was carried forward in account, the actual sum
available for the terries of 1847-8 was inseams& Is
6,118,738 dollars. The ordinary budget of ways and
means for the latter year, ea laid before, and approved
by, the Canines, proposed an expenditure of 3,484,204
dollars, which was augmented subsequently, in
virtue of supplementary laws for extraordi-
nary service, by 306,952 dollars, thus • • the
stun ix the year's expenditure to 3,791,157 d
of irbieb actually expended 3,685,842 dollars, say
less 101,814 dollars than the amount for which the
rhad been authorised. There remained
surplus in the treasury upon the liquida-
tion of 1847-8 of 2,173,338 dollar. to be carried over
to wand for the faaireial year 1848-9, which was an
intone 'pott e sepias bequeathed by 1846 to 1847
of sore than 50,000 dollars. The surplus existed in
the treasury in the shape of various values, such as
Jets owing on accounts not liquidated by different
Paget not due, &c., of vlich the details and
some are given, bat not necessary to mention farther

than that, of the legal amount, 817,016 dollars"."'
in money and rid and silver paste or bars ready he
coining.
From the resumption of the payment of dividends
on the foreign debt to the 31st of March last year, is
is stated that 939 bonds of the 6 per cents., and
of the 3 per cents, on which two dividends had best
paid 90 bonds' bad been redeemed, and the titles, deli
cancelled, deposited is the Bank of England, of whA
notarial advice. in proper form had been received,
There remained in circulation, therefore, at the Isms
period 8,376 bonds of the 6 per cent. stock, and 7,475
of the 3 per cents. in circulation, exclusive of 35 bonds
of the former, about which there was some dispute 'with
the claimants by whom 26 of the bonds had been lost,oe
otherwise could not be produced. The redemption of
these stocks left the whole foreign debt reduced to
1,580,0061., the amount in sterling of the 16,860
bonds of both series, without including in the account
the 35 bonds before referred to. The 6 per cent. bonds
were purchased for redemption at prices ranging from
87 to 801, the lower priced purchases having be
effected at the periods of the commercial crisis in F•ng.
land in 1847, and of the Parts revolution in February
of last year, by which respectively tl e values ofall
public securities were so much depreciated. The cost
of the Three per Cents. Redeemed was 42 per cent.
Contemporaneously the redemption of the bonds
representing the internal debt was progressing, the
total amount of which redeemed is not stated. Thu
terms on which the redemption was effected are stated
variously at rates from 44i, the highest, to 41, less
fraction, the lowest per cent per bond. It is observed
that the remittances for the payment of dividends, and
the redemption of principal, of the foreign debt had
been effected at a very costly rate of exchange,
which on several ()cessions was equal to 12
per cent. loss. In consequence, Senor Itosales,
the Chilian envoy in Europe, had been am
thoriPed to propose to the governments of England,
and France, to make their commissariat payments foe
the ships of war in those seas in money, against the
authority to draw bills for the amount against the
respective treasuries. It was hoped that the negotia:
tion would be successful, as reciprocally advantageous,.
Here, it may be feared, the proposition will reoeivg
the less favour, as rudely interfering with the imam
tomed profits of officially employed parties.

Er oinin
Hank Stock, 191
I per Ot lt. d. Anew. 92*
3 pr Ct. One& Alum, 92 112 k
Nine 31.9:rweent..,191., Z. 523860.
8V
Ditto,3o Years, sip. is.. 6, MO,
8I

TORSIO
6 par Ct. Brazilian Bonds, 706 80 N
6 per (.1. Cuba Bonds. 84
26 per Ct. s:gander Bonds. 25 n 3
11,er Ct. ()rennin lids., 14516
Defirreal, 25
prix llezima,lB46. 2515
iDitto Acct., Feb. 16.25
5 per Ct. Penniman Bonds. Con-
verted, 1841, 23
6 per Ct. Rued= Banta. IF=..
.64.105 75 65

FUNDS.
India Bonds, £1,000.40 7
Cone. for Acct., s: n2l 21 6
I.i:chequer inns, h.tuso,
March. 40 3 . 2d.. June, 47 II -
Ditto, £4o' 0, Rid., Mar* 0
Yd., Juno. 15
Ditto, Saudi, 24d., 3400.:44 H
IE, June, 49
FUNDS.
S per Ct. Spenbh Bda., di,. BON
N0v.,1840, 16
6 per Ct. Spanish Eds., Acct., Yob.
164t4diA
6 per 4,1. Bpsuislieoupocs., 10
6 per CC Spanish Pasure 80,14
3 par Cent. Bpantiii Mt.
Feb. 15. B3i 91d!
44 per Ct. Belgian 8a4., 25f., 81
24 per Cont. Dutch Etch., 13
Gull.. 4114
4 per Ct. Dutch Certificates, 7460

EXCHEQUER EMI-B.—The amount of Exchequer
Bills authorised to be raised, charged on the supplies of
1849, is 17,948 6001. From this the-e is to be deducted foe
Bum quer Bills paid eff in money in 1848, sod provided for
from surplus of ways and means to the 6th of January, 1849,
169,8001., leaving the amount to be provided for in the pre-
sent year 17,786,7001.

VENCE.