The Express.
London, England, 1850-02-13 00:00:00

MONEY MARKET.

Torsnav EVINIKO.
The business done in the English fuses to-day was
rather limited, the deeding' being for the most part
oonfined to the speculative operations of the members
of the Stock Exchange, in which the ceilings of the
" preponderated, causing a week market, and
a decline of 1, from which prioes 'did not
recover. Console were first celled et yester-
day's closing pricey, 931 to t both for
transfer, and the 14th instaot, from which they
declined to 1, but were last done at 931, closing at
931 to 1, both for money and Thursday next. The
Three per Cents. Reduced marked 96 and 931. The
New Three-and-s Quieter per Centr, were dm va-
riously from 98 to 9131, the first and last price !icing
98t.
In Exchequer Bills there was no variation ; they
marked 5,59. and 58.. for all sizes; and India Bonds,
88,.i Ditto under 1,0001., 889. pm. Long Annuities,
30 years, 1860, m'irkel 8 5-16. Bank Stock, 2051,
and 206. India Stock, 286.
. _ .

In the foreign house the transactions to-day have
not been of any magnitude, the attention of the
dealers being mush taken up with the approaching
settlement, which is, as might be expected from the
large business which has been done of late in South
American securities, a very he ivy one, and will no
doubt exhibit some large differences. Peruvian were
better, and left off at the highest quotation 813,
whilst Buenos Apes were last marked 68, being 3
g eorarsnt. below the lowest price yesterday. Equador
have not improved since the meeting yester-
day: they last marked 33. Russian Five per Carts.
were done at 1093; ditto, Four-and-a-Half per Cent.
Scrip, from 11 to 23 pm. The actual business include s;
Buenos Ayres Bonds, at 59, 3, and 58. Danish Five
per Cents.., at 100. Equador at 4, 31, and 31. Gre-
nada Deferred at 43. Greek Bots, of 1824 and
1825, ex. overdue coupons, at 73. Mexican, at 293,
3, and 3 ; ditto, Small, at 30. Peruvian Fuur per
Cents., 1849, for money at from 793 to 813, the last
price, and for account at 81; ditto D. ferred at 353,
1,, and 36. Portuguese Four per Cents., at 35, 3,
and 35, ex. div. Russian, et 1093; ditto Scrip at
13, 13, and 23, prem. Spanish Five per Cents.
Active, at 183; the Three p r Cents. at 371. Vene-
zuela Dderred, at 13 and 13. Dutch Two-and-a-
Half per Cents. at 553.
The rates of ex hangs for this mail for bills on
Hamburg and Austrian places were rather higher,
and on Cadiz bills were negotiated at 60. On Leg-
horn the exchange fell to 30.
The quarterly sales of Indigo which commenced to-
day, included 8,444 chests Bengal, Oude, Bc.; 1,161
Nadras; 618 Kurpah; 66 Bimlipatam ; 12 Manilla;
land 3,790 various in second hands. The following
report of the sale bas been issued this evening by
Messrs. Wilkinson and Jewebury :
The qualPies of tte Bengal are shout one-fourth good and
gas, and three-fourths middling and ordinary. The Madras
one-third middling and ordinary, and two-thir.is good awl
fine. The Kurpah two-thistle middling and ordinary, and
one-third good and fine. The Oude, Bienlapatans sad
Manilla chiefly ordinary. The sale-room presented a lull
appearance, including • fair attendance of foreign buye,s,
but for the home trade very few, the latter considering that
the advance which has taken place since last October sale
would not be maintained ; the result, however, of ices the
first day has not only so lar established the late rise, but has
even gone beyond it. The sites opened with a parcel or
Bmeal, which, after trying a new lota at lull9d. per lb. ad-
vance, was withdrawn, and other parcels were offered, which
sold readily at 61. to Bd. per lb. above Oetob. r rates for
Bengal; 4d. to 61. per lb. 60011111 for Madras and Kurpah,
and 4d. per lb. above for Oude. 1,022 chests b.ee paned co-
ds!, of which 261 were withdrawn, 206 bought in, and 565
sold.
The following will show the highest and lowest prices :
Per lb.
433 chests Bengal 2i 8.1 to 51.54
•

229 chats nude

2i chests Ord. Bengal axed with Fig 2s. 101. to 3i. 24.
75 chests Madrar 2i. 4d. to 31. 311.
9 chats Kurpah
251 chow Withdrawn

1,022

Accounts from Paris mention that Moir,. Roths-
child had taken a 84 cond Piedmontese loin of 80
millions at 88, which had caused arise of I I percent.
in Piedmontese stock, the last price being 89.

Wawa Blake and Perkin of Sheffield, have just
issued their circular on the steel trade, ar.d although
replete with much interesting &tail, depicting the
improved condition of that branch of business, we
necessarily are limited to the following brief extract :
A very improved suit, of things exists in this branch of
manufacture, u compared with last year. There is scarcely
an unemployed furnace, tilt, forge, or rolling mill in Sher.
field. The price of foreign iron, for the commonest steel
purposes, rules in Oattenburg and Stockholm, from stook
purchases, at an advance of from 10 to 15 per cent., with
reluctance on the part of the Swedish iron manufacturer, to
enter into engagement' for the coming season, even at this
advance. Ali Idle clam and best marks are firm, and have
maintained their prints all through the depression, although
the pries of steel has fallen, during the last two years of dis-
turbed trade, to an sleet nos-remunerative rate. At no
former period is its history has there been much a fall ; and
it is only reasoning from analogs to say, that, with the ad
vanes of iron, an advance, in the MIN ratio, may be ex-
pected in steel. The stocks of steel being.low amongst dealers
and consumers, any state of things giving employment to
the latter, will PLUM a demand which mast be satisfied, at
the dist of an advance. And when the great increase of
exportation to the United States is considered, the manu-
facturer for the continental or home markets may fairly ex-
pect an advance in the spring upon his last year's pricer,
from the withdrawal of cnmp-tition. In many branches of
the trade, the operatives here have regained their old prices,
and in most others are fast taking up this position ; which
natural and healsby action, resulting from real improve-
ment, will produce en unavoidable necessity on the part of
manufadurcn, to be proportionately remunerated in the
sale of their goods. Even in branches not connected with
steel, such as silversmiths, silver platers, B -itannia metal,
stove grate, and fender mtnu'acturers, &a. Ike, there is
gunnel brisk employment, such as has not existed in the
ancient liberty 01 Uallamsbire for many years.