The Express.
London, England, 1848-06-30 00:00:00

MONEY MARKET.

:THURSDAY EVENING.
There was no movement of any consequence in the
funds to-day. The market was strong, but in a
quiescent state, with quotations ruling A- higher than
yesterday for the various descriptions of funded values.
Console for the opening wero thus quoted all day 831
to 4 for the opening, but with few transactions.
Reduced Threes 84,1 to I. Three-and-a-Quarter per
Cents., 844 to I. Long Annuities, 84 to 11-16.
Exchequer Bills, 38s. to 41a. premium. India Bonds,
16s. to 20s. premium. Bank Stock,lB9 to 191.
Extremely few dealings were reported in foreign
stocks, but the prices made were a shade better, or
indicated more firmness among holders, without,
however, leading to any corresponding demand on
the part of the public. Dutch fwo-and-a-lialf per
Cents. were quoted rather better, with a partial return
to shorter differences between the buying'and selling
prices, at 43 to 1 ; the Fives, 65 to 4. Russian. 90
to 2. Belgian, 57 to 60. Spanish Fives, 11 to 12 ;
the Threes, 221 to ; Passive, 21 to 3. Portuguese,
15 to 16. Mexican, 16 to i,. New Granada, 12 to
13. Venezuela, 15 to 17. Brazilian, 64 to 6. Peru-
vian, 30 to 2.
The difficulty of employing money, with which the
banka and discount houses are full to overflow, is, in
the regular course, reducing its value in the discount
as in the stock market. The supply of good bills
continues extremely limited, and the competition for
them therefore all to the advantage of the holders
who may require to melt them. We learn that the
signature of a great mercantile house, the greatest
indeed in the City, if not in the world, was discounted
at as low a rate as 21 per cent. to-day. The discount
houses are not only on the look out for fair commer-
cial paper at the usual dates, bat are now willing to
take, if not anxious for, long dated paper, say at six
months, of the proper substantial quality. These facts
betoken a very altered condition of the money market
within a few months, and to some considerable ex-
tent mast be accepted as proof of returning confidence.

Apprehensions appear to be entertained in some
agricultural districts of a bad year to come, in res
set
of prices, from the promising appearance of forth,
coming crops, not only here but in ell other cluntries,
continental and transatlantic. It is observed, by
respected correspondent, that land which, from beim,
waste, has been brought into a high state of cultimi.
tion by a large outlay, and so maintained by expert,
sive management, cannot be supported by low prices,
for if the same outlay was not kept up the land would
degenerate, and cease to be cultivated altogether. It
may be observed upon this, however, that abundant
crops, bringing low prices only, should be about as
profitable as deficient crops with high ptiets.
previous outlay being the same in the one case as in
the other, and the return money values of the high.
priced deficient, and low-priced plenty, crops omit
the same also, there should be no very essestig
difference to the farmer.
The Bank bills of Sir R. Peel, for checking mid
regulating the note circulation, are not only creating
much embarrassment to the country tankers, but hers
called into existence, and are greatly extending, mit,
issues of another description in country quarters.- We
allude to the multiplication of cheques. Farmers, k
numbers, who never, before the bills of Peel, uttfted
a cheque, are now in the habit of making the bulk of
their payments in them. The cheques may not remain
out so long exactly in circulation yet as Rink cotes,
but the custom gains, and eventually it will came to
the same thing. These cheques pay no stamp duty
course. The country bankers, meanwhile, cannot ro
readily control their credits upon this cheque system,
as may be shown on another occasion.
Our Edinburgh correspondent a rites that a circuit
has been issued to the creditors on the private sissy
of Mr. Ali,on, iron merchant and sole proprietor ar
the North British Mail, intimating that a dividend
has been delared of 7 15-16 d. in the pound. If the
rejected claims are apptaled against the divi end will
be 2 I-15d. per pound.

.1010L1811 FUNDS.
Bank Stock, 191 881 In.lta Bow* £1.000,0)
3 ner Ct. Bed. A 0134., 84 I 01,06 tot
Nov 3/ per CL Ana.. ksehequer Kul.. El uu,,!yd..
Long Anna, uD• Jan, 5, 160.4 81 1b...e.9,0*41.. 38:ri
11.16 Do. /ball, 21,1,. 341
Du. 30 years, Oct. 10, 18..8.8 7-16 lb. June, 2J., 32

?°PAIGN.

FUNDS,,

6 per CL Brannan 8da.,1156---1 Btenlsh Pa.tre Basks
6iet. me 1646 16 4 ler CL Dutch (*truncates.%
1 er
Ct. Yortuguote Iti 164 4 per Ct. ditto Hoods, t. 32
EXCHANGES AND slums ABROAD.
MADIID, Tons 23.—Three per Cents., 221; Five per CeahL, It
Pawnees, 1; Coupons, bi eath ; Cann of nt. Ferdinand, 74 tank si
paper. Exchange on mitten, 46.
141131,P*1.8 Jose 27.—Be4glan L.. 1. 1640. 66; Ditto, 1642, re; 1..
Dm.sv ;bitto, ism, 55; Ditto, IE3B, 45/. Fachant;a on Lcedni
25.55.
ANTIWIIsr, Jess 53.—Euilange on London, 2.7, 721.
ERMAN, .1175 a 26.—St. Bebol.i .Seto., 31 1,, Cent C7l. Erehakis
on Landon. too months. 6.24/ ; on Ilaionurg, tau wouths, Hai ;
Paris, throe months, dl Y 3.
VllNff.4, Jens 21.—Austrtan Flee per Cents., 68; pa.
Cents., 64 ; Ditto, Throe per Cents.. 42; Ditto,
hoandaltalftalf sir
Cents., 35. Loan. 1634. 108; Ditto. 141)8 ~. lanko.4
AI44r4IDAN, Jess 27.—Dutch Act. Dabt Two.and*lialf IWC44,h,
414 481 ; Ditto, Three for Cent., 46 451 ; Four to, tY
64. Amon Synd, Four.and4•llalf per Cent., t,14. c-0.„7
Tour nnAnllalf per Cent., 1211 12:!L Mallows on London. 11.55:
Ditto, two months, 11.85. Ou IlArol.unr, 34.75; Ditto, too moths;
34.31. on Fans, C. 6.12; Ditto, in° months.