The Express.
London, England, 1849-01-25 00:00:00

MONEY MARKET.

WIIMI3IBDAT Seurat..
The reports were so strong to-day, and the suer-
dons in high and influential quarters so positive, that
tomorrow there would be a change, a reduction in
the Bank of England minimum rate of interest, that
it is impossible to avoid reference to the subject. We
can muse no pretension to the slightest knowledge of
the intention+ of the directors in this respect; and, in
fact, so far as reports of plausible authenticity go, we
should be rather disposed to be carried away by the
current rumour. We must doubt, nevertheless,
whether the Bark will take the decided step sup-
posed. If the object were toobtain more discount busi-
ness it is clear that disappointment would follow. For
the banks, and discount houses, already and long flush
of cash, would not fail to anticipas the Bank by
lower terms, u now they do by nearly 1 per cent.
Supposing it possible the Bank should commit such
en indiscretion as to reduce inopportunely the mini-
mum rate of interest, or discount, it is evident that a
fever of speculation might be excited t. :e end of
which no one could foresee, le atever their experience
of the put. We have seen letters from Hamburg of
first-class sapitalists, praising the Bank of England
for not further reducirg officially the rates of interest,
inasmuch as such a measure could only rend to footer a
spirit of illegitimate speculation. It is evident withal that
the Bank must be rather alarmed by the affair of the
Californian mines, coujoinuy with—monstrous ab-
surdity—Pee:s standard bill.
Consols improved to, and left off at, 901 for money,
and 90; to 1 for account. Long Annuities, st to
1346. Threes Redact d, 901 to Z. Three-and-a-
Quarter per Cents., 91 to 4. Exchequer Bills, 435.
to 465. prem. India Bonds, 45.. to 475. prem. Bank
Stock, 190 to 192.
In the foreign market a partial depression existed.
Greek were lower, as well as some other descriptions
of low-priced bonds. The basin- se transacted was
limited, the chief attention of the dealers being di-
rected to the home-market. Nominal prices :—Bel-
gian Bonds, 78 to 80. Brazilian, 77 to 9 ; the New
Bonds, 76 to 8. Buenos Aries, 26 to 8. Six per Cent.
Chilian, 90 to 2 ; the Three per Cents. 49 to 51.
Danish, 65 to 8 ; Dutch Two-and-a-Half pet Cents.,
49 to 50 ; the Four per Cent. Certificates. 771 to 81.
Equador, 3to 1; New Granada, 154 to 16 ; the De-
r ferred Debt, 21 t• 3. M-xican, 26! to 1 ; Peruvian,
48 to 50 ; Portuguese, 261 to 71 ; Russian, 103 to 5.
Spanish Five per Cents.,ls to 4; the Three per Cents.,
t 281 to 1 ; the Passive Debt, 31 to a ; Venezuela,
191 to 201.
KNOLIBII
Bank Stock. 191 2 India Ronda. under £1,000.45 8
3 or tn. nod. Anon. 80 i South Bea New Anna. 87
VO:3Ctpfirllt root, t°l t 701 14 Z.". fc*
Std.
Lone Anoultler, esp. Jan., 6 1600, Morel, 43 63; fd , June. 46 ff
Ditto Stnea. 2d., June, 48 6
laa Brock. 245

FOREIGN

26 per Ct
1 per CL Orelladi uader
Bdu.
1 per Ct. 4 Greek B&. er over due
Coepose
5 per et,
J i Mexico; Acct.. Jen. 31.
341 i
4 pit
Jan. La.
48d Pemba Bdi.. Aoet..l
31.
6 per Ct. tole* Mu. uss. L st.,

FUN DR
per Ct. Spanish Bonds, Acct.,
Jan. 31. 161
Ditto Passive Bonds. 34
4 per Ct. Spanish Bits.. 28
Ditto. Acct.. Jan. 31.284
24 per Ct. Belgian Bonds, Ex. 25
retinae, 48
2i per Ct. Dutch Exch., 12 Gull..
444
4 per tt. Dutch Certif.. 74i

FURTHER LARGE ARRIVALS OF SPECIE.— The vessel
Madagascar, has brought Irom Cekutta two bonne
of rupee•, consigned to order, and twelve cases of
rupees, consigned to an eminent commercial firm in
the m. tropolis; from Madras, one box of specie, con
signed to Grier ; and from the Cape, levee boxes of specie,
consigned to diff-rent firma in the mete polio. The
vowel Carnatie, from Madras, Binslipatem, Pondicherry,
Cuddalore, and the Caps of Good Hope, resptctively, has
brought from the first-mentioned place 167 boxes of rupees,
consigned to the East India Compels% ; and from the Cape,
four bones of specie, consigned to order.