The Express.
London, England, 1851-03-31 00:00:00

MONEY MARKET.
1)41Y.
Two weLorz.
Business in the English stock market, though
rathcr more active than at the termination of last
week, I,‘ still quiet, but the nature of it has imparted
wanewilat firmer feeling to prices, which have
been bet ter maintained.
Conanls is the only description of funded security
dealt in W-LlaYt and the price has been steady since
the comment: went of business at 96: to k for money,
and 96i to ft,:r- the account of the 10th of April,
which are also the last rates of Saturday's market.
The market for tlie unfunded securities is a shade
firmer, though not :vith much movement. Emile-
Km
quer Bills, 1001.. mar., ,
under 1,0001., 575. nndsla. and 545: : ; ditto
small, 5-Is. ; India Bon
625. prem.
In the foreign stock mt.,rket business is very re
strieted, and prices generally are unchanged. Almost
the only alteration is a furths T considerable rise in
Spanish Passive Bonds, which have been in
good request, the price rum. ing up to 61,
at which figure business was 21st transacted.
Russian Four-and-a-lhdf per. Cent Bonds have
been inquired fir of late for investment, and
the price is firmly maintained. The list of the
morning's actual transactions is limited to: Bras:than
Old Five per Cent. Bonds, at 92. (Winn Three per
Cents., 66. Belgian Four-and-a-Half per Cents.. 931;
exchange, 25 f. Dahl Four per Cent. Certificates,
911. Grenada One-and-a-Half per Cents., 17.
Russian Four-and-a-Half per Cents., 98. Spanish
Active Five per Cents., for the 16th of April, 212,
1; ditto Passive Bonds, 61.,
At a special meeting of the proprietors of the Pro-
vincial Bank of Ireland, held to-day, for the purpose
of electing two directors in the place of G. 11. Robin-
son, M.P., and Alfred Thorp, Esq., both deceased,
Messrs. Matthias Wolverley Attwood and Edward
Fletcher were proposed as candidates and were una-
nimously elected.

The discount market remains nt the same rates,
though there has been a demand for money in the
Stock Exchange, and small sales to supply it tempo-
rarily depressed Consols and Exchequer Bills, both
of which have since rallied. . .

With regard to prospects in this department, we
may observe that the reports of the state of trade at
home, in the United States, and abroad, are of a
more favourable bearing. The rates of exchange on
801111: places have been checked by operations fur the
sale of Freneh railway shares and Netherlands gold,
but the stock of bullion held in Europe is very
large, and the supplies from America keep
up their former rate. Local. and temporary
causes, principally dependent on the season, have
produced a partial dulness or suspension of trade,
but the general prosperity and progress are unde-
niable, and the restunption of a busier asptx.t of
affairs is expected early. Capital is alumdant
throughout the world, and in few parts of Europe
is there any great demand for extrusive enterprise.
Railway works are everywhere proceeding slowly,
and the demands for mining, steam navigation, tele-
graphs, gas, and water works, are not sufficient to
produce any great effect. With more animation in
business a great quantity of capital will be brought
into the market, and it is very questionable whether
there will be a sufficient demand for it to raise the
rates of interest, so that a full in the rates is by
some looked forward to.
As to our immediate prospects in this market,
they will be very much influenced by the
payment of the halt' yearly dividends on the va-
rious stocks now closed, which will commence on
Tuesday, the Stit of April. The gross amount thus
coining into circulation is upwards of six millions
and a half distributed on the respective stocks, in
round numbers us follows :

Half-yearly div
Three per Cent. Reduced Annuities £1.825,000
Three and a Quarter per Cent. Annuities.— 3,490,175
Long Aanuitics
South Sea Old Annuities 47,925
Bank Stock

Total

6,.%9,091

Besides this amount, there are further reimus,
which we cannot particularise or define, under the
heads of Foreign Bonds and Stocks, Railway Shares
and Debentures, Ditto Foreign, Canal Shares and
Debentures, Shares and Deboitures in Docks, Gas
Works and Waterworks.
The bullion market has been steady. The
Netherlands government is putting oft' the 10 florin
pieces in small parcels, but the market being quieter
the effect is not so much felt.
The imports of bullion during the week have been
by the Ripon, Peninsular and Oriental steamer,
6,000/. ; by the Iberia. Peninsular and Oriental
steamer, 11,130!. (1,300/. from Gibraltar, 9,750/.
from Lisbon) ; by the Avon, West India steamer,
947,467 dpls. (435,221 dols. silver, 512,246 dols.
gold): by the Europa 12,000/. The total is about
220,0001.
'the amount of the precious metals exported from
the port of London during the week ending Thurs-
day last, we learn from official sources, was limital
to 40 ounces of gold dust and 4,169 ounces of gold
coin shipped as follows:—Gold coin: to Hamburg,
419 ounces; to Belgium, 3,750 ounces. Gold dust:
to Hamburg, 40 ounces. The value of these exports
is about 14,700!.
M.rapoth.B Imirnal notices the declaration made
by Mr. Waddington, that -he will look into the
hicomotive department of the Eastern Counties Rail-
way, and if he find it can be worked cheaper by
contract, he would be the tirst to say, ' let us have a
contract for working the line,' " and roundly asserts
that the line can be worked for about a huff of the
late exixediture. To prove this assertion, the fol-
lowing comparisons arc given:
Expense per train
York and Berwick Railway d. 7.69
Brighton 9.83
South Eastern
Eason Counties
The idea of working the line by contract, how-
ever, Heraimeth unreservedly condemns. The total
working expenses of the Eastern Counties are stated
to be 4244 d. per train mile, and those of the South
Eastern, 26.7fi d., exclusive of the charges fur rates,
taxes, passenger duty, and the renewal fund. Were
the Eastern Counties expenses of 214,13011 i. for the
halt' year reduced in the ratio of their train mile ex-
penses to those of the South Eastern, they would
amount to about 120,0001. In other words, 76,000/.
would be saved on the half year, or above 150,0001.
a year, sufficient to give a dividend of about 9s. per
share per annum.
liDl4Dfl.—'rsvit DAT.
aunt stook, ,but 13 per Ct. C. a. Are Si I
3 tor CL Iced. Aorta, .batver r4tut
3:or Ct. Coo. Atom, Lteboquor 1i.11,30, to L. 3,
VOI1K10:' rl sic'.
ter Ct. A .us uott por et.
LI 1:7163
tolo Ct. 8010 Womb., ?I 3 I •Innoto4s I%rfMTVored t 4
* 100 Cott., per 31. A. 33/
f• co' et. Iltullt.to 3 Pon mot, MN 436 C)
DM.. Nor, 00 2 l'ortuotwo, Costworiel 31 35
6 ter Ilueno. Arts. 24 6 6 tor Ci. Ku.. Dl7-110 113
{per Chilton P.D.. DA 7 Vltto ylionkh 217
Ditto Coloolts. Dot. HJ,s. too Ct. DU. X/ 41,1
Cohon,4Au 36 4
3 to, Ct. Paolo& /61 VOW .
2.1. T (1. Dutett ftly 3 2i too ~!t. V onolor4o
4por Ct. Dutch ton 2 155, orstooo

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