The Express.
London, England, 1848-01-25 00:00:00

MONEY MARKET.

MONDAT EVENING.
Within an equal period there never was perhaps
so extraordinary a revolution in funded and money
valves as exhibited between the present and this; time
six months, Consols then ruling at about 80 are now
close verging upon 90 ; Exchequer Bills then at 40e.
discount, now nearly 30s. premiam; and money,
which commanded then on best bill securities from
10 to 15 per cent., and in loans on stock and Exche-
quer Bills 6 or 7 per cent., or more, has recently been
loaned on Consols at 14 per cent. for some weeks for-
ward, whilst on Exchequer Bills it could obtain no
more to-day than 2 per cent., and best bills can be
readily done at 4 per cent.
The funds have continued their upward course to-
day. Consols opened at 88; to for money and
account, and left off at 894 to say per cent. ad-
vance, after having been bought at 894. The Bank
broker was reported to have been on tie market as a
buyer, and per contra a Hebrew capitalist house as a
seller. These sales may be sufficiently accounted for,
in the actual state of money affairs in Germany and
France, by the desire to support the prices of public
securities, and assist in the restoration of confidence
in those quarters, where so much shaken by com-
mercial disaster's. Reduced Threes were 894 to }.
Three-and-a-Quarter per Cents., 904 to Long
Annuities, 8; to 9. Bank Stock, 198 to 200. India
Stock, 235 to 7. Exchequer Bills, 271. to 30s. pre-
mium. India Broods, 15s. to 203. premium.
With more active business in foreign securities
prices have not materially improved, when at all, in
comparison with Consols. Dutch Two-and-r-HaN

" i 1 I.
1 " .231 peehr. 1 1
3 per Cents.l 74 74 10 .. ... ~_ ... 1 139.
3 Do. New Loan 76 15 , 76 10 1 75 10 1 74 75 I 74 10
15 Do. ......I 110 :V I, 116 34 116 30 116 05 116 16
104 ! „ „
4 I/o. **
I 100 I
Belgian 6,1840..1 1 Naplsa Rants.. "99 2514:g0ar.
Do. a, bet_ " „ II Roman Loan .. 95 ~
Do. 41....... . „ „ Treowa.ll4l,l4 44 „
Bank .. 3180 „
tiabonse on London hightt, 26 CO.
ii Ale evil% JAs. ak—Aumertaa Five per Cent,., 102 NIL ; Dank Shares,
1600 151116; littraiarrEnstigt 1.01, 102 bilk; Ditto, First Feria. Ineerip.,
1041, bilk , Ditto, Hope and Co., Third and Fourth nerlot, 96 money •
111040, In Certif., 05 mon ,• New Four per Coots.. Hope and Co.,
bilk; Ditto. tittealita. 06 16112 , 9psnl.b New rive per Cents..
bilk; Ditto. Throe per Canto., 124 601. ; Portusucee-t Loan,
Tyro a/Walton per Couto., 65 1611.; New Four per Cent, 1344,
N) MIN; Denith-toetleb Loan. Three per Cont,s. 42 &IN.
haiteasto, JAN. 21.—Lean of lOW, 96 money ; Ditto, 1642, 965 money ;
Ditto, 1644, 016 incaoy ; Ditto, 1436, Ng. City Loan, 1843, 95 money.
of Belgium, 795 money-; Ditto, Lyn° of 1641, 106 f NW. Ex-
change on London . 26 674.
Beau 0, Joe. 21.-64. n0b.,9241411e, 911 moons,
Vig,N4 Joy. 17.—Fire per Cent,. 034;1 Four per Cents.. ;
Three per Collt/.. 66 ; Tonand.o half per Centa., Ilf ; Loon, 1534, '
Ditto, 1620, 1104; honk Share; 6,570.

GERMANY.—BADEN.—CAKLB9I:III, JAN. 20.—Tua
BPINNERIEB.—The commission charged with the ex-
amination of the government project for aiding the three
spinneries have completed their deliberation. The majority
propose the adoption of the proposition with the following
modifications: let. The state will only guarantee the interest
en half the debts; 2nd. The interest on that half will be
guaranteed at 4 per cent. for eight years. The minority
voted against any assistance.