The Express.
London, England, 1849-02-20 00:00:00

MONEY MARKET.

MONDLT lernernto.
The continued sales of money stock would seem to
accredit the reports that the public are sellers of Con-
sols, and, per contra, buyers of New Three-and-a-
Quiirter per Cents., which have lately grown into
much favour for investment. Some considerable
pareets of Consols were thrown upon the market botht
for money and time, the effect of which was a decline
in prices from 931 to # for money, and 931 to for
account, at which they opened, to 93,1 to 1 for money,
and 931 to 1 for account. After the official
hour dealings were still actively carried on,
and Console for time were further depressed to
931 to 1. The speculators for the rise, who were in-
strumental in recently carrying Consols up Jo 95,
and were assisted in their operations by the jobbers
carrying over stock for them, or, in other words, tak-
ing in and advancing money upon stock at a certain
rate, must, it is considered, be somewhat disturbed
by these adverse movements on the part of the public.
Reduced Threes left off 931 to a.. Three-and-a-
Quarter per Cents, 941 to 1. Long Annuities, 9 1-16
to I. Bank Stock, 194 to 6. India Stock, 245 to 7.
India Bonds, 51s. to 64.. prem. March Exchequer
Bills, 38s. to 40s. prem.; the June bill', 445. to 46e.
prem. The expected notice from the Treasury
appeared this morning for calling in the March
Exchequer Bil is and reducing the interest to 11d.
per diem or paying. off dissentients.
The transactions in the foreign market were suite
unimportant, with quotations barely sustained.
Chilian were called 94 to 6. Brazilian, 81 to 3.
New Grenada, 17 to 1. Mexican, 26 to Ecuador,
31 to 1. Peruvian, 48 to 60. Spanish Fives 171 to
• the Threes 291 to # ; Pawnee, 4to 1. Portuguese,
26 to 8. Dutch Two-and-a-Half per Cents., 60 to 1;
the Fours, 80 to 1. Belgian, 81 to 3. French
Three per Cent. Bente. were done is decline at 60;
Exchange, 251 30 r. Russian 108 to 110.
The advice. from Amsterdam represent generally a
good market for stocks; Russian, Austrian, French,
and Spanish all in demand. Dutch Fours were much
in favour also.
The shareholders in the Dublin and Belfast Junc-
tion Railway will regret to learn that government
have abandoned the intention of assisting the com-
pany. with a loan for the purpose of completing the
li:.e in consequence of the manner in which the pro-
position of the 50,0001. loan for the relief of Irish
destitution has been received in the House of Com-
mons. The directors, therefore, would seem to have
no other recourse, if the many. is to be carried
through, than to call up the remaining 151. upon the
dares, orto issue preference shares instead.
M. Proudhon, so unfortunately &moue for his work
to show that " property is theft," and for his
speeches in the same sense in the National Assembly,
appears to be about to initiate a quite novel system of
joint stock banking in Paris—supposing always he
shall meet with shareholders to assist in the under-
taking. The published programme announces that,
under the firm of Proudhon and Co., with the attrac-
tive device of Banque du Peupk, it iiproposed to issue
one million of shares at 6 francs each, thus constitut-
ing a capital of five millions of francs, or say
200,0001., with which to commence and carry on
all customary discount and banking business, and,
moreover, to enter, upon the conunandite principle,
into partnerships in various branches of industry,
either in works and establishments already existing,
or to be established under the patronage and with the
concurrence of the bank.
N
Bank Stock, 194 MIL=
IndiaFU BD&eads, under 41,000, 62 6
3 per 04. LPL uses.,booth Boa Stock, 1011
ristr;PCs,ris" Lees.. 93t alms Stock fur Ira"
I alaisquir HUI% R. 1.003.
Long Annuities, asp. Jan. 5,1860, Much, 36 8: 2d., Jtuio, 458 4 6
94 Ditto, 000. ad., March, 39 8: 24.,
Ditto 30
to years, asp. Oct. 10. 1896,
Dit Jto, uno. 45 8
8 fed March
India Stock, 246 ~ , 3.1 8
roacran 10ND81.
6 per Ct lids.. 94 6 pi 434. Smith lids. Act., Feb.
3 per Ct. Danish Va., 1825, 86
1 ler Ct. Grenada Mo. 17 1 rpor Ot. French games, 607.,
Ditto Deferred. 34 area. EL Me.
1 per et, Greek as orsr-due Coo. geer, St.„Bdiuelpir..l3d2a.
st.alB.32st,ess
s 7rP)n&4lisuksitt, Lace. rodeos Der Ot. Dutch Ex.. 12 60f
i
6 res.cit.Zuvlan 8°664 Amt.'
Ilret.Stalebalim..