The Express.
London, England, 1847-07-29 00:00:00

MONEY MARKET.

WEDNESDAY EVENING.
As was anticipated, the improved rates of foreign
exchange yesterday were followed to-day by a cor-
responding movement in the funds. Consols have
been done to-day as high as 891 for account, having
opened at 89.1 buyers ; they left off at 89 to and 881
to :for money. Reduced Threes closed 891 to'. Throe-
and-a-Quarter per Cents., 901 to 11. Consols Scrip,
1 premium. Exchequer Bills, Bs. to 1 Is. premium.
India Bonds, ss. to 9s. premium. Long Annuities,
9 1-16 to 1. Bank Stock, 196 to 8.
Foreign stocks were in the same passive state as to
business, and with the quotations scarcely altered.
Two bargains, a matter of rare occurrence, were done
in Austrian and French Five per Cents. The former
obtained 108 ; the latter 117 francs 371 cents., with
an exchange of 25f. 69. i. Chili were 92 to 3.
Mexican, 19: to 1. Dutch Two-and-a-Half per Cents,
571 to 1; the Fours, 904 to 1. Spanish Fives,
211 to 21, ; the Threes, 311 to !. Portuguese, 301
to 14. Venezuela, 39 to 40. Belgian Four-aud-a-
Half per Cents., 94 to 5. Money was scarce, and
commanded high rates to-day on foreign securities.
It appears something of an anomaly, although the
fact is not singular, that the funds should be improv-
ing in price, by which pro tango the rate of interest
returned upon them is reduced, whilst money not
only in the banking and discount, but in the
stock market also, is tight, commanding high
returns, and not too easy of access even
then. The solution of such apparent con-
tradictions cannot repose upon other than plausible
inferences from data more or less approximately cor-
rect. Large sums, for example, are and will be
wanted in payment of the immense quantities of
foreign bread-stuffs, which have been and are daily
brought into port. The imports within the last
three days have been so extensive, that, it is said in
quarters of authority, the mere charges for freight
alone will absurd upwards of 130,000/. What, then,
must be the amount required to meet the money pay-
ments for the imports themselves, or the bills atmatu-
rity drawn against them, purchased as they were at the
much higher prices ruling at the time, some months
adore, when ordered, or otherwise when consigned ?
The fall in prices since is one additional cause of the
tightness of money, and the difficulty of accommoda-
tion. This difficulty of accommodation is, however,
little experienced in the dealings of regular, as contra-
distinguished from more speculative trade. The
apprehensions resulting naturally from the extra-
ordinary fall in prices in the corn market has had the
effect of inducing greater caution and reserve in bank-
ing and discount quarters in the disposal of their
credits. They confine themselves more strictly to
satisfy the requirements of their own regular trading
customers, and are less disposed to adventure even
upon bills and securities which, under other circum-
stances, would be considered of unexceptionable
character, and command credit accordingly.

-
771011871 PIINDS.
Seek Stock. leek, 76 3 per Coat. Amu., 1731. NI
3 per Ct. M. 4. W., e 36 Omelet ter Aeet... NI DI I
3 per Ct. Camels Aut. I 3 pet Ceet. Coatala eerie. f pab
NEW 36 per Ct. Ames., jet I I Y. Watt .00e. K., S II
Loss Ate.. ezp.Jaa.l. 10110,56 I DIM, LW, II II
ladle &04, umiet £0 .01.. I P. I LINO. Small, la It II pa.

6 per R. Austria* 1d5.,10 0-47i5i,-;6-perC.. Versa Remo, It U. VI,
*pre Cu Cblllas Rooth, 111 I 114. IN. We.
I per Cu bleak** 1646. 13! 14 per Cg. thatch Etchaser If 0.0.
6 per Cl Spanish D0•d6,41 4,6 4 4
26 per Ow. Veserrela BS
II 4 par Cs. Otto Certifie*ON. El I
41 pot Cu Arles* 16.. Nu EC 444
31C1U401111 AND ATOMS ABROAD.

/PAWN Asti.i 7.•
Wog.
3 paDa CUM . 77
13 36
I . • 117
• ..

il•M•it.: • &men. Clary.
. 1 I,r. 77 7: 1 17; I: . .

a. I • . " I' .. ..
..-
Ilada4•••• us& (10.41‘4, II 14. "
M lemey. New,.
8
Wets 1
I. I 10k N Left .NI Iv
D. LOU . . . 1006 ROOMaples blin . 100
::4 . . . wow., s 6
si . . ~ I imak Nam

New YORK, JULY 15.—There was nothing doing in the
stock market. The sales were hardly worth reporting, and
prices remained without any materiel alteration. There was
a moderate demand for sterling exchange for this packet, at
6to 61 per cent. premium. There was a full supply of bills
in the market. There had been, within the pant two weeks,
a decline in the government and state securities, caused par-
tiall7 by the inactivity generally in the stock market, and
partially by rumours of an unfavourable character relative to
Mexican matters. These things were considered of a tem-
porary nature.