The Express.
London, England, 1853-07-16 00:00:00

--...... .....
I National of Ireland
Oriental Nook
Provincial of helm,'
Do. New . . . .
!Royal AurMil.
and Oold Imp. Co.
Australla_....... •
!Polon a Atmlealla
, Cuba et Loudon

MONEY MARKET.

FRIDAY EVRNING.
The funds opened this morning at a further im-
provement of per cent., but this was not long
supported, a reaction of I succeeding. At the final
close, however, a rally had taken place, and the
market ultimately left off at rates identical with
thong of yesterday. There was no foreign news of
importance bearing on the great political question of
the day ; but some sales have been effected on the
continuance of unfavourable weather, and to these
operations the decline in the middle of the day was
owing,—the disposition of the market to catch at the
hope expressed by Lord John Russell in parliament
last eight, that the present crisis may result pacifi-
cally, being temporarily checked. The ac-
counts relative to the crops are watched
with more than usual interest, now that

.•
our supplies of grain from one of the most important
producing countries are impeded; and it is feared,
the present cold, wet, and generally unseasonable
weather, may have a prejudicial influence on harvest
prospects. However, in the afternoon, the market
was again favourably affected by the preliminary
arrangements for the settling. This being pay-day
in the share market, the committee permitted the
house to be open till half-past four o'clock, up to
which hour the markets maintained their general
firmness of character.

In the Consol market money was more wanted,
and worth 2to 21 per cent. In the general money
market there was also a tendency towards a stif-
fening of rates, but the " outside dealers still offer
to discount first class paper at 3 per cent.

At the commencement of business to-day Consols
advanced to 98 to 4, but relapsed to 974 to 98, and
thence to 971 to 4, which was the closing official
quotation. At four o'clock the price was a shado
firmer again, at 974, and at half-past four had rallied
to 971 to 98 fur Tuesday, and 98 to k for the new
account of the 11th of August. The official business
report includes:—Three per Cent. Consols, for
money, 98, k, 971, 98, 971; ditto for account, 19th
July, 98,1, 974, 98, 97/ ; Three per Cent. Reduced,
98; I, a ; Three-and-a-Quarter per Cents., 101, 1,
1001, 101/ ; Long Annuities, 1860, 5, 5 15-16;
South Sea Stock, 1141, 110; ditto, Old Annuities,
1001; Bank Stock, 229.
There was not much business in Exchequer Bills,
and no symptom of a rally, the price being quoted

2s. die. to 2s. prem.
Foreign stocks presented scarcely say feature of
interest, be and a rally in Mexican. Ituselan stocks
realised rather improved prices. Business in this de-
partment was small, and chiefly confined to the settling.
At 4 o'clock, Mexican Bonds were quoted 262 to
; Peruvian Deferred, 48 to 60; ditto Four-and-
a-Half per Cent. Scrip, 2 to 1 dia. ; Granada Active,
21i to 221. ditto Deferred, 9 to 91; Spanish De-
ferred Threes, 221 to 1; the Certificates, 61, to 6
per cent. A half-past 4 Mexican was called
264 to 27a. Actual sales are thus marked: Bra-
zilian Old Five per Cent. Bonds, 101; ditto Four-
and-a-Half per Cents., 18.52, 99. Danish Five per
Cents. 107. Mexican Three per Cents., 261, 271 •
ditto Cents.,
account, 20th July, 27. Peruvian Deferred
Three per Cents.,sB. Portuguese Four per Cents., 411,
41. Russian Five per Cents., 117; ditto Four-and-
a-Half per Cents., 1001, '3, 1. Sardinian Five per
Cents., 941. Spanish Old Three per Cents., 467-.
ditto New Deferred three per Cents., 221 cx div.;
ditto Passive Bonds (Converted), 31.
Messrs. Baring. Brothers, and Co. have issued
notice, that from the 20th inst. they will be ready
to make a payment equal to one-half of a semi-annual
dividend (or 11. 10s. per cent.) on the Buenos Ayrean
Loan, The coupon upon which this payment is to be
made fell due the 12th January, 1829.
The corn market to-day was very firm, with an
upward tendency, prices being paid which could not
be obtained on Vs ednesday. For floating cargoes
an advance of Is. per quarter was asked. This firm-
ness of the market is, of course, owing to the unsea-
sonable weather.
The tallow market to-day was again very flat. At
the final close this afternoon there were sellers at
50e. 6d. for delivery in the last three months of the
year. This movement appears to be merely a natu-
ral speculative re-action, after the late rise, and to be
little affected, either by political considerations, or
intelligence from producing countries. On the spot,
tallow could not be bought under 325. 3d.
The rates of foreign exchange were again a shade
lower to-day, especially on Hamburg and Frankfort.
It is thus to be inferred that the shipments of gold
from thiscountry to the Continent, noticed for some
time put, will continue. Paper on Hamburg was
done as low as 13.6, and at the close money re-
mained over at 13.61. This shows a fall of full one
schilling since this day week, and is owing to the
receipt of a lower quotation from the other side.
For bills on Frankfort there was money at 1191. On
Paris the rate was unaltered. Amsterdam ruled at
11.181. Italian places were in demand, and Vienna
and Trieste unaltered. St. Petersburg paper was in
demand, and a good deal of business done in it
at 374.
fhe John Taylor has taken out about 5,000/. in
coin to New Zealand ; but we hear of no other
shipments of the precious metals to our southern
colonies. Amongst the specie movements of the
week we have also to record the shipment of 31,100/.,
chiefly in English coin, by the Great Western for
the Brazils, betides 10,000/. worth of jewellery.. The
Tay, lately in from the Brazils, brings no specie, bat
20,000/. worth of diamonds.
Railway shareholders generally will be pleased to
see that the debate on the Eastern Union Railway
Bill in the House of Commons to-day resulted in the
bill being ordered to be re-committed, as unjustly
affecting the rights of the preference shareholders of
the company. The consistent opposition made to the
bill by parties who see in it the introduction into
the English railway system of a most dangerous pre-
cedent, is thus rewarded, notwithstanding the occa-
sional rebuffs which they have experienced.
At the first half-yearly general meeting of pro-
prietoes of the Australasian Pacific Mail Steam
Packet Company, held to-day, it was stated that four
of the company's vessels were approaching comple-
tion, and that the Kangaroo will be launched in the
Clyde on the 22nd inst., and ready for sea about the
middle of September. The directors express a hope
that before the end of the year the whole of the com-
pany's fleet will have left England to take up. their
station in the Pacific. A confident opinion is ex-
pressed that the advantageous nature of this route to
Australia will give the company a prior claim to any
subsidy from government.
Australian Agricultural shares were to-day divided,
being quoted as 251. shares, with 17/. 10s. paid, in-
stead of 501. shares, with 33/. paid, es hitherto. The
closing price was 331 to 341 (equal to 67 to 69, and
consequently a shade better than yesterday).
Peel River were firmer. South Australian
Lind were lest quoted 39 to 41 ex div.
and ex the new shares, and Van Diemen's Land
16 to 17. Crystal Palace shares are quoted cx