The Express.
London, England, 1851-08-07 00:00:00

MONEY MARKET.

THIS DAY.

Two o'Ctocit.
Quietude, combined with much firmness, continues
to be the characteristic feature of the English stock
market, and the general absence of movement in this
department gives occason to somo remark in the
City, as being unusual at this period of the season.
Features almost identically the same arc also presented
by the Paris Bourse, but of this the totes now in
progress in that city afford sufficient explanatioy„
Railway shares are the only security that at preseul
occupies any amount of speculative attention; and in
the movement that has for some time been going on
in this department, it does not appear that the
public has taken any prominent part. the transac-
tions chiefly passing between the jobbers.
A parcel of Consols has to-day been purchased on
public account at and the price has been firmly
maintained, at 961 to both for cash and Tuesday
next. Business is officially reported as follows:
Three per Cent. Consols, 96Z, ; ditto for account,
96i, I. Three per Cent. Reduced, 973,„ New
Three-and-a-Quarter per Cents., 99, 9/17,, 99,t. Bank
Stock, 215. India Stock, 203, 201.

The slight improvement established in the price
of Exchequer Bills is maintained, and the market
wears a steadier appearance, sellers no longer
offering in such numbers. All classes of bills have
been dealt in to-day at 495., 468., and 495. prem.
Indian Bonds are very quiet.
The prices of foreign bonds continue well sup-
ported, with the exception of Spanish, which are
again flatter, the prim of the Actives having re-
ceded to 204. Business remains very languid, and
gives occasion to little fluctuation, as is evinced
by the subjoined, which comprises the sales
of the day up to the present hour, viz.: Brazilian
Old Five per Cent. small bonds, 92. Danish Five
per Cents., 104. Dutch Two-and-a-Half per Cents.,
60; ditto Four per Cent. Certificates, 931. Peruvian
Deferred, 4:34. Russian Five per Cents., 1822, 114.
Spanish Active Five per Cents., 202; ditto for ac-
count, 15th Aug.. 20f, ; ditto Passive, 5;; ditto
Three per Cents., 381.
The railway traffic returns issued this week arc
' again of a very favourable character, most of the
chief lines, especially the London and North-West-
ern, Great Westerns, South-Western, Lancashire
and Yorkshire, and Great Northern, exhibiting a
large increase over the corresponding week of
last year. The London and North-Western re-1
turn is 60,560/., against 51,4921. in laso—increase,
15,0681.; the Great Western,2'J,27ol., against 18,301/.,
increase, 10,969/. ; the Lancashire and Yorkshire,
17,653/., against 10,0111.—increase, 1,642/. ' • the Lon-
don and South Western, 19,130!., against 14,383/.
increase, 4,747/.; the Bristol and Exeter, 6,166/.,
against 4,92 ll.—increase, 1,245/. ; the York, New-
castle,and 8erwick.16,374/.,a,gainst 15,4611.—increase
913/. ; the Great Northeni,l3,B79/.against 3,389/..-in-
erease,lo,49o/.; the North Staffordshire,4,9BBl. against
4,796 k—increase, 192 L the Manchester, Sheffield,
and Lincolnshire, 7,5771. against 6,137/.—increase,
1,4401.; the Shrewsbury and Chester, 1,838/. against
I,739l.—increase. 99/. The York and North Mid-
land and the Midland returns continue to show a
falling off: on the former line the receipts
are stated at 8,438/. against 9.942/. last year, show-
ing a decrease of 1,504/. ; whilst on the la: to they
amount to 22,732/. against 24,146/.—decrease 1,394/.
The amount of bills drawn by the East India Com-
pany on the respective presidencies of India, from
the 24th ultimo to the 6th instant, is as follows
Rate of Exchange.
Bengal £8,450 7 1 it, Old.c •
Madras 3,686 16 9 jper o' * rupee'
Bombay
--
Total £12,762 310

In accordance with the almost unanimous desire
on the part of the proprietary of the Agra and
United Service Bank, that a special examination
should be made into the various departments of the
institution, with a view to makings fair statement of
its claims to public confidence, at a time when so'
much uneasiness has been created by the loose sys-
tem discovered to be prevalent in many of the East
Indian banking establishments, three auditors have
been engaged in the scrutiny at the head office, the
audit of the branches being deferred till the end of
June. The result is highly satisfactory. Under the
head of assets, the only items to which exception is
taken, are nine loan accounts, amounting to 56,596
raises (or say 4.660/.), and of these a considerable
portion may eventually be realised. 'fhe various
amounts stated under the head of liabilities are also
certified as correct, the report extending to the 30th
April. The report concludes by expressing the " high
opinion" entertained by the auditors of " the
order, regularity, and efficiency of the system under
which the whole affairs of the bank have been con-
ducted," and which they " consider to reflect great
credit upon all connected with the management of
the institution." In view of the advantages con-
ferred by the Registration Act and the additional
security it affords to shareholders, it has been de-
cided at a special meeting of the proprietors that the
bank shall be registered under its provisions.

Bank shares have met with a fair amount of
business this week, additional confidence being felt
with the passing over of the meetings, and prices are
in all eases well sustained, whilst in some eases
higher rates have been conceded. Union Bank of
London shares have been in much request, and have
risen considerably, the price being now tirm at 14.
The sales of the week comprise :—Bank of Austra-
lasia (401. paid), 351; British North American 501.
paid), 451, 45, 1: London and Westminster (201.
paid), 281,- ex div. ; Provincial of Ireland (251. paid),
43; • South Australia (25/. paid), 231 i, 21; Union of
Australia (2at. pad), 351 cx div.; Union of Loudon
(101. paid), 131, 14!, 14, a, ;-; ex div.

Prices of dock shares are steady, and St. Katha-
rine stock has advanced V., being now held at 78.
Commercial stock is worth 84 ; East and West
India, 1411 ex div.; London, 112; Southampton,
171.
Steam-boat shares are firm, and attracting more
attention. Royal Mail steam have experienced a de-
cided advance, being marked 78, 78,f, 80, and 70j.
For Peninsular and Oriental the last price quoted
was 684, but the views of buyers and sellers are now
rather dissimilar ; the new shares, on which W. has
been paid, are quoted 9.1. General Steam Naviga-
tion shares mark 27k, 1.

The market for insurance shares has been a trifle
less steady since our lest notice. Clerical. Medical,
and General Life, and Royal Exchange shares arc
better, whilst British Commercial are not quite so
firmly held. The present quotations of the market
are as follows :—Albion, 86; Alliance, British and
Foreign, 21Z ; ditto, Marine, 374; Atlas, In
cx div. British Commercial, 61 ; Church of Eng-
land, 21, 3 ; Clerical, Medical, and General Life,
25 ; County, 84 ; Crown, 15 ; Eagle, 61; Equity
and Law, 44 ; English and Scottish Law
Life, 2I ; European Life, 12 ; Genera], 5; ;
Globe, 133 cx div.; Guardian, 55, 51, cx div. •, Impe-
rial Fire, 245; Imperial Life, 18;; Indemnity Marine,
301; Law Life, 3; Law Fire, 46; Legal and Gene-
ral Life, 41; London Fire, 19; London Ship, 19 ;
Marine, 16; Medical, Invalid, and General Life, 2i;
Monarch, 1 cx div.; National Loan Fund, 2Z ;
Phoenix, 136 ex div. • Professional Life, Z ; Provi-
dent Life, 30; Rock Life, 61; Royal Exchange, 2214;
Sun Fire, 209; ditto, Life, 48; United Kingdom, 4 ;
Victoria Life, 5, 54.
Shares in the General Reversionary and Invest-
ment Society are quoted 92 to 93; Equitable Rever-
sionary, 1091 ; London Reversionary, 44 ; Reversion-
ary Interest Society, 1004 ex div.
Miscellaneous shares arc quoted as follows in the
official list :—Aasam Tea Company, 8; Australian
I Agricultural, 15; Australian Trust, 20 ; Anglo.
Mexican Mint, 25 ; Canada Company, 49 ex die.;
ditto Five per
.Cent. Bonds., 95i; Hudson's Bay
Stock, 205; Price's Patent Candle Company, 22 ;
South Australian, 244; Van Diamen's Land, 1.

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