The Express.
London, England, 1848-08-05 00:00:00

MONEY MARKET.

FkLIDA! "MINIM*.
Increased confidence was displayed to-day among
the dealers in public securities, and a rather consider-
able reaction upon the I.tve prices of yesterday was
the consequence. nom 86.4, as the lowest figure at
which bus.ness was actually done, Consols advanced to,
and were purchased at, 871 as the highest, but left off
a shade lower at 87 to for money and time. Va-
rious circumstances, construed more or less favour-
ably, concurred to promote this improvement of
the market. The more promising state of the
weather upon the whole watt not without its influence,
supported by accounts of tho growing grain crops,
which spoke encouragingly of progrt es, notwithstand-
ing the recen• heavy rains, and by the stationary state
of prices to-day in the corn market, regarded us the
barometer by which stocks in hand and harvests are
to be measured or estimated. The udvices from
Ireland, also, were of a more tranquillieing complexion.
The more favourable liquidation of the account day
on the 2nd inst. in Paris contributed to the greater
firmness of the market here. A heavy fall of prices,
and a disastrous settlement, had been anticipated
there, from the embarrassment of financial questions,
and the disagreement between the minister of finance
and the financial committee of the National Assembly,
which had reported adversely against some of his pro-
positions, the result of which it was supposed must be
the retirement of the minister. As that event did not
take place, and the rate of continuation to the
next account remained unaltered, the dealers took
courage, and for both three and five per cent. rentes the
decline on average, from highest to lowest, was but
50 cents., say per cent. The continuation to the
end of August, the time of next settlement, was
43f. 75e. to 43f. 25e. for the three per cent. rentes, and
701. 50e. to 69f. 75c. for the fives. The fall upon
previous currency was therefore little more than
per cent.
Reduced Threes left off to-day 871 to Three-
sad-a-Quarter per Cents., 87 fto „•-. Long Annuities,
8; to 15-16. Exchequer Bil.s, 395. to 425. premium.
India Bonds, 30s. to 345. premium. Bank Stock,
196 to 8.

The transactions in foreign stocks were not of con-
sideration, either separately or in the aggregate.
But isolated bargains in a greater number may be
noted, which did not atfcct prices noticeably either
one way or the other. Mexicans were quoted 171 to
Brazilian, 68 to 71. Chilton were on the ad-
vance, and done at 83Z, but called ae between buyer
and seller 84 to 6. Danish, 66 to 9. Dutch Two-
and-a-Dalf per Cents., 43 to 4 ; the Fours, 69
to 71. Russian, 98 to 100. Spanish Fives, 11 to i ;
the Threes, 21 to li ; Passive, 21 to 34-. Portu-
guese, 18 to 19. Venezuela Bonds were done at
16. As a rare event, Guatemala Bonds, long lost
sight of, were sold at 11. Ecuador ruled at 1,!, to 2.
The Bank of England averages for the week ending
the 29th ult. give, as compared with those of the
week preceding, the following results :
Circulation .seue £27,073,340
Circulation active 18,014,330
Public deposits
Other deposits .
Government aecuritles 1~ 522 735
in Bunking Department ) ", ,
Other necurities
Coin and bullion
fleven-day and otherbllls 1,117,385
The Beet 3,500,536
The notes in reserve or on hand were, at 8,118,990/.,
less in amount by 291,8304 than in the week pre-
ceding. Upon these returns observations may be re-
served for another occasion.
BANK OF EN ULAN D.—Ammar for the Week ending July tn.
IsAr• DI PARTNILNT.
NOM LIMA £27.4.14%8e0

Government Debt.— g 1,015,100
Other riecurltlev. ..... 2,984,900
Gold Coin and Bullies 11,918.073
81Irer Bullion ........ 1.146,267
.07.063,340
Di?????
Government Seetuitles

t 27.063,340

:.fETIW

Pareretore. Capitol
.11;tWIle jingle:l 3.5°3466
Pohllo
E.tteo.. MT. Beaks,
Como*, of NaUonal
Debt, awl lbw. Acct..) 2,301,143
Other •Del.bAt. v . • 10.835.7071
130,011.4•11111d0i.DCS 1.117,336

=315,831
Awn* 3.1848.
ENGLISH
Bank Steek.l9ll
3 por CL Bad. Anne, 861 f
3 per Ct. CNA. Anne.. 861 81 Th
i
New 31 per Ct. Ant.. 8:1 71
Long Atoltntlos, esp. Jets I, hie,
8 15 16
uitte 30 Teem e3P. Oct. 10. 1339,
et 11-18
101111103
Pr CI. Drunken Ronde. 8ma11,70
6 per Cent. Claim IkmdeBs4
S per CNA. Danish 1813, o 7 8
2i per CNA. Equaler Ade, 2
1 per Cont. Guatemala Bond., 11
r.r Ct. Strumen, 1848,1.4
Ditto. Aoct.,_Aus. 16, 171
4 per Cent. POrtUptuatt, Acct.. 184
Vac:BANG/A AND
RAINEW), Aoo. I.—llastovertsa
elan.nnslieb Low 91 ; Metal. lm C
Flan per Cents., 11ope has Co., 84:
baonn.Ensliat Loom. Three per I
pre Ceuta. 8: Ditto Three per Osai
doa : Frankfort, July 13, 1111: two
11.10 201 A, three moat
monde, 324 Are. 1110271 h, three
Anwast, 3.--iltheedi on

Annuity)
Otber Securities
N otos ....... d,1111.).00
()old and dikter Coin 046,704

02.31b,&31
I. MAUI:IA.I.I, Chid Calder.
I+l.lN
_

luZiri rads, ruder in O, 30 4
Bank Stock for Arca,
Conant. for Account,W7 61 71
7
El,OOO. Vol. Marta,
39 41 2; 2.1., June, 3/3 6
s:;kai, 24, JUDO, 3:,
Ditto Small. 20., March, 42;
24., June, 34 6
jumps.

• 6peWt.Thpanish Bonds, BIN from
Nov., 1040.11}
Ditto, Coupoos, 6a
3 frneent. spatuiti, Acct.. Aug.
2} p (uut Venezuela 800d5.16
Ditto Doferrot 44
4 per Ot, Dutch Cortillaitee.
BIOCK't ABROAD.

;3 10;61-2.1,1.e ierfieit to. , 99;
Cbaalb. Cortlf., Pin 33eT Cent., ad
Ditto, diciallta *ad Co.. "6:64;
Cada., ,70 • Stealth lArdolaial. Ft..
MIL Inland, 17.—Fachamata oat Lon.
o montha, 12a ; atadibol PO dam
ON 4.47 ; Bt. IN:tantrum, 251 b, throe
month., XL
I landau, 16.47146.

81.

V 13317.1. Jour 1111.—Augelart Fke per Ceuta, 9t4 ; Ditto. Four pee
Cent,. (4; POW; Three per Couto., 45: Ditto. Iwo-and.o-111•1/ pot
3'l. Lein. 1634.124; I)itto. 1539. $3; gook Slum. 1,945.
Itsouts. Auo. 1.-81. 9,42u1.1 sch.. Throe-awl a Half per ecuts., T3l
1.411, oney. )aehaesgesou Loudon. 6.251. 6.941; Hamburg. 1511;

RAILWAY NEWS.
We had a fair market for shares yesterday, with
Place a shade higlar, more firmly maintained, and
variovis lines more inquired for than for some days
Past.
EETIG.-LANCASTER AND CARLIBLII,- Heir yearly
Meefing.-Lancastersin, Atli;
sends4.-M. E. N. Resell in the etier.-The
of the entire Caledonian line, in
ew
jti:caP:ibt tyrb tea Inatfm o7utt:' d'litu;tit:74n:
acer
nd :t hki he:
IY. esn a;
47 eo
ht 7
. irt 'ynge .1:11,J, a 1
TitsBll E
receipts
inere" ive np
ae "esee hp:, :::
beenwh
.f
wester in the puteengers department than in that of geode and
cattle, from which the director,. inferred that a large and ineresaning
reventre from fraorearrs, under all conditions of trade, might be cal-
culated upon. The working stock of ermine!, carnagee, fa., had
been kept up in a state of great effietency by the London
and North Western CUMIODy under their contract, which
continued to answer the expectatiorm that tel the diem.
tore to enter into it originally. The current expenner of the
half-year showed a greater proportion to the gross reocipte than thew
of former period., because they now hue the firm time include the
maintenance oinational works, inerewed pear ratee, anal other local
charges. The total amount expended, according to thempital account,
considerably exceeded tee rum of 42,0,0001., which was the origa-
mi estimated cost of Mu one, excited, eOl the *ration at sternal, lire
principal awes of this Comas were an recount of 50,110.1. by the en-
gineers to the conteactom for extra works, over the payment of a
larger sum than was calcu ared on tie land purchmed for the line.
To thaw items meat be added charges not included in the original ee-
tirruite, via, thine of supplying a nufficust number of eraggons
end other requ'oiten for carrying on tie mods Pelee,
and of building worth:meet at the statioars, and mating sidings
and accommodations nem...toy for the same puree°. The only unearir-
tuitery matter in connexion with the company ear/fain was a be which
the director. had frequently found it to be their duty to bring before
the shereharlders, namely, the Slide of their relations with the propels-
' torn and lease, of the Lancaster and Preston Railway, which was Mill
daerouneeta al link in the otherwise uninterrie.tel chain of eailwasy
co nnaunie dim:, in friendly bonda, from Mandan to Perth. The Lan-
caster and Preeton line won Mid in the preemion cif the Lancaster
Canal Company, but unlawfully, aa its owners the Lancaster and
Pregea compare y oallege, and tale rights of those parties were, and
hang might be, it. mune of litigation in the Court of Chancery or elec.
where. Although the nire.tor- fuel be, n unable hitherto to wine to
any arrengement with these parties for the passage ur Lane:atter and
Carlide traffic ever the li•te, they had felt the ga retest disinclinntion
to set upon the Large power! given them at former meeting",
in the lege that in deirable a moult would, ere this, have
been arrived at. Dieappointrsi, hoirever,in thus hope, the dine-
tuns hail now to auk from the eherehulders a centanuence of ample
prim rn fur dealing with this mint important question it being un-
mans that it wan rio leas nareemury for the interest. of the public than
for theirs, that the questaen of the safe and tree Nemo., an lair
teens of the north said south trAtle from lanesurter to Preston, and
rite erne, be placed without delay upon name permanent
tooting. It was then unanimously resolved that the report and state-
ment Of amounts annexed therein, now read, be appio‘led and
ed.,ptell.-1 hat a dividend of 11. per while, and 4 .. per third share,
be now made slid declared out of the net petits of the undertaking,
up to the 311th May of June Met; and, that the directors be em-
powered to adopt such pat liamentery, or otha r IMlnierta, as they
duel think rem anent Mr protecting the intereata of thin company, in
the clatter of the existing Latocester and Preston Railway, and if in
their of ion toenail, for obtaining for Mit company an independent
tor ins Of ouniusurdiutiuti between Lancseter Preston. Thanks
are's- t en voted to the chairman, and the me tang terminated.
KENDAL ANI) WINUERMI.Ite --I/W./yearly Ilecfiny.-
Et Jury 31.-As reporters were excluded, an imperk et aMtnict
el eruct mimes can only be given. The report ehowel the receipts
fur the hall-year (including 1491. from relate) no 3.6561 , while the
working expeneen ware 2,492/., to which is to be added 918/. interest
on the cebt, leaving a net balance of 21el. only. The directors pro-
moted to rail.by Mate of 71 per cent. pm fermate eludes
This propositicn, involvom a preferential payment of 3,7501. per an-
num, was withdrawn till adjourned meting. Complaints were
made at to the amount of was king expellers ahnit 67 per cent. on
the receipts-Mel a stormy diecureion ensued ; anent committee of
invenigatinn of directors and shareholder was appoint 1, and the
meting adjoureed for a month. The taloa.* at credit revenue ac-
count is 2,16,1.
ft OF TIIE ENSUING WEEK:-(From Ilnilung Chronicle.
amt Oxford, Aug. 7, Birmingham; Cork
and Waterford, Aug. 18, toucan Tavern; Coveetery, Nuneaton,
Ifirliairelluot and Lementer, Aug. 8, Birmingham, at 11; Eastern
hinnies, Augu-t 17, London Tavern; Great North of England,
August IS Darlington, at 124; Great Northern, August 12, Loodun
Tavern, at II; Gnat We-tern. August 17, Bristol; London arid
Blackwell, Auguet 22, London I avern, at 12; London, Brightue, and
South Carat, August 18, Bridge-house hotel, at l; London and
Norte-Weatern, Auguet 11, Euston station; Manchester, Sheffield,
and Lberadmlaire, Aug. 9, Sheffield, at 1; Newry, Viarrenpoint and
Itureatrever, August 15, 19, Merrgateetreet, at I ; Northern and
Ea-tarn, August 19, Biehimsgate station, at l; Orleans and Bor-
deaux, Augu-t 21, Parie, ut 3; Itnyston and Hitchan, Aug. 7, Rid-
ley'. Hotel; south Eastern, Aug. 17, Brialgir-house Hotel, at 1 ; South
Yorkshire, Duneuster, and Goole, August 11, London Tavern, at 12 ;
Wert Cornwall, August 17, King',. Arne, Wentruinster, at 1.
Dietersam.-Nortla Stafferrishire-4s. per share, Aug. 11.
OdereselS. -Loudon, Brighton, and South Coast, about 30 turn-
table', 12 ft. in diameter, Aug. 7.
-11Oininghate, Wu.verhampton. anal Stour Valley-IL 10e.,
due Aug. 7 ; 11. luss on the lel. preference nhares, due
Aug. 21; Cheater and Itnlyheuad-51, due July 2l; Dutch-Rhenish
due Aug. ; inautialk nod Enniskillen-21. 10.. due AUg. 12 •
Emat Amrlian -I/. on the new 51. shares, and I Is. on the new 3!.
charts, both dire July 31 ' • big Lanemahire-21. on the new abater,
due Aug. 1; East Linetalnehire -21. 10e., clue Aug. 1; East and
West India Duda and Birmingham) Junction -21. 10e., due
Aug. 31; East and West Yorkshire-21. los., due July 18;
Ewatern Countlee - 21. 10e. on the new 101. 6 per cent.
shares, doe July 25; Eastern Unlora-21. 10, on the clans II shares,
due Jule to; Li:avow, Paidey, and Greencelt.-21. on the preference
lietS, *due Aug. 22; Greet North of Eatelend-21. les. on the
15/. eheree, due Aug. 11; Irish South-Eerier-m-11, due Aug, 21 . •
Italian Rad Amer-len-I 1., flue Aug. 15; Jamaica-51. on the new 501.
Flames dueluly 15; Jeanie, Dewsbury, and Manchester-2!. Ins, on
the 5,.1. *hares due July 17; Leeds mod'think-5/. on the original
.bare., due Aug. 9; London, finehton, tom South Coast-11. on the
new 5 per ant. pref. phase, due August 8, and 10/. on Me eighth
obares, due August 15; London and North-Western-
-11. low ou the Manchcst r and Bury stuck, due July 17 ; and 51 tin the
Grand Junction 4. 1. shave, due Aug. I 9; Man:heater, shultield, and
Lincolneltire-5/. on Great Grimsby and Sheffield 501. shares; 21. on
Great Grimsby and Sheffield 201. enema; 11. S.. on the Great Graeae-
lay and Sheffield 121. lee. Meares: 21. liirn. on Sheffield and Lincoln-
Flare 251. .hares; 21. li s. on AM ffleld and Lincolnshire exteneion 231.
shares; 21. Ina. on Grimsby leek shares; and it. ss. on Sheflickl
and Manchester eighth elutes, all due August 1 ; Namur maul Liege-
-21., due July 26; Newcastle and earlier-lot. on the new 1001. shares,
due Aug. 21 ; Norfolk-51. on the new 201. Shure., due July 20;
North %Venters- IL Sat. due July 17 ;Sottish Midland Junction-
-51. on the new stock, due Aug. 2 ; Shrewsbury and Ltirmingliam-11.
on the "A" shares, slue Aug. 1: Shreweoury and Chester-21. on
the perpetual preference 8 per cent. stock, due July 13; South
Deem-51. on the original shares, due Aug. ; South-Eastem-
-11. on the No. 4 charms due Aug. II; South Wales-51.
due August IC ; Tall Vale, IL en the Bal. shares, due July 22;
Toureary and Jurbise and Lantlen and llasaselt-aL, eve Aug. 1;
waterier I and Kilkenny-21. lima, due Aug. 23 ; Waterford and
Limerick-2f. 10.., due Aug. 10.
Itsruuteu.-Derby, ettoxeter, and Stafford; is. 4d, per
share (final).
liuou• Ciaresn.-F-astem Countiera-from August 7 till
I 3; Great North of England-till August 10; Greet Northern
--till August 12 ; Great Ss eetern -till Aug. 17 ; London and Black-
wall-from Augurt 14 till 22; London, ltrighton, and South Count-
till Auguet :le; London and North-Western-till August I 1; Man-
chester' sheffield, veil Lincolostare-till August 9; Midland-till
August 19; Newry, Warrenpuint, and Iluestrevor -tall August 15;
Northern and Kaetern•-rrom August 12 till 19; lloyeton and Ilitchin
-till August 7 ; South-Eartern-till August 17 ; South Yorkshire„
Doncaster, and Goole-till Auguet 12; hest f9enwall-41.11 Aug. 17.