The Express.
London, England, 1848-07-11 00:00:00

to 255. premium. Bank Stock, 191 to 3. L
Annuities, 81 to 13-16. /),Ag
Foreign stocks were generally well (1401,11, bat
without calledes Dutch Two-and-a-Half
Cents. were hi per
gher, at 411 to 433; the Fours it
69 to 71. Russian at 96 to 8. 1/ai5h.661400.
Mexican, 17 to 1. Brazilian, 67 to 9. Vert zsek.
15 to 1. New Granada, 1
21 2/ to 131. SpanishFivak
111 to 1 821; the Threes, Ito2l ; Passive, 3to I.
Portuguese, 17 to 18.
The fact of the arrivalof the Euxinesteamerfrom Coo.
stantinople and the Black Sea with a metallic fre:-•
• . A.
of 250004 4.L e-, wow.. epprars to have escaped di
journals but the Daily News, has excited the more et,.
tention because it is so seldom that hard money cod*
direct from that punter. In Manchester and othor
manufacturing districts, these imports of specie asd
bullion will be extremely welcome in any ease, becalms
they are the harbinger of re al business to be done and
orders for goods to be executed, as wanted in the
parts from whence these metallic values are des-
patched. It will be in the remembrance of our
readers that the Greek houses some time since, with
plenty of orders for purchases on hand, were
unable to execute them because of the de-
cidcd distrust of all continental credits fa.
lowing the French revolution of February,
and all other continental revolutions following. Cade,
each circumstances of want of confide. cc the Greek

merchants necessarily suspended their opt roams, tied
wrote out of course in conformity. The 15..1 and
most conclusive answer for their credit is th, present
freight of hard money despatched and rec. iced, 'p,
Greek houses will now be enabled to resume their
operations upon the best of all foundations, and the
very fact of their being able, in the midst of: couvai.
alone of credit everywhere abroad, to command suete
specie and bullion resources, will serve to (with*
their own credit on so much the more solid founda-
tion. The manufacturers of Lancashire and Yorkshire
will reap the particular ben: fit of this import of hazel
money.
It may be stated indeed confidently that business
in the manufacturing districts is in the order 0: es,
provement, and so also is it in this city, quietly slit
may be goingoa. The greater capitalists are reap
ing the more Immediate benefit, that is, those whose
money, or easy credit, enables them to bay
at the lowest, and sell at something hsi than
the highest, price, with or without an allowance
of credit. At this present juncture there i, a vase
amount of business carrying so in a quiet way. u,
such as, in ordinary times, would create a (Id:Lam.
citement in prices. But, with confidence not yetis.
established, and ready cash only ascendant, baS•
ness is confined to fewer hands comparatively, sad
less general animation therefore must seem to pr sell.
The home trade moreover continues remarkably se.
tive. There are, however, many and sufficient emu
why this favourable state of affairs should be coasi.
dered as transitory only, which it is not now aeces.
sary to be entered upon. And there are drawbacks
positive ar.d probable, which may by and by interfere
with this incipient stage of more prosperous welt.

doing. -
Money is so extremely redundant that diq.,-.4mt
houses refuse to receive deposits on any term, at call.
What may be the conditions required for loi,,;er sad
agreed periods must of course be dependent on %mine
circumstances, and cannot be exactly determined.
But it may be mentioned as an important tie:, little if
at all known, and calculated pro tanto to inspire con-
fidence, that the Bank of England has agreed to mew
the loan of 100,0001. to the Brighton Railway Cam.
pany at 5 per cent. for five years certain, with the
option at the Bank at the same time to renew for one
year only. In the same policy, the Bank ha, either
renewed, or made a loan to the South-Western Rail.
road Company of 70,000/. at five per cent, for the same
term.