The Express.
London, England, 1857-05-16 00:00:00

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99.199 T. M. MAIIZEIALL. Culder.

FRIDAY EVENING.

The funds to-day showed heaviness. After de-
clining I per cent, prices finally closed 3-16 per
cent lower than yesterday. The full was almost
solely attributable to an extraordinary pressure for
money in the Stock Exchange, where seven and
eight, per cent., and in exceptional cases still
higher rates were paid for loans on government
securities. We know of instances in which 7i and
8 per cent. was given up to the Juno settle-
ment, and 8 per cent. on Exchequer Bills.
This demand is partly accounted for by repay-
ments of loans, but is also partly due to bona fed*
sales of stock recently effected by the public and by
bankers. A demand for money for the purchase of
silver for shipment to China, whence the exchange
comes reported decidedly unfavourable, operated in
the same direction.

Consols, which closed yesterday at 941 to &
for the 4th June, opened this morning about 941,
receded to 041 to 4, and closed at exactly 94114.
For money the last price was 931. The official
business report is as follows:—Three per Cent.
Consols, for money, 941, 94, 931, 94; ditto, for
account, 4th June, 944, 1,1, 4. Three per Cents.
Reduced, 921, t, 1. New Three per Cents., 924,
1,1, 1,1, 1. Long Annuities, expiring in Jan.,
1860, 2 7-16. Three-and-a-Half per Cent. Exche-
quer Bonds, falling payable in 1869, 981, 984.
The March Exchequer Bills were quoted 2s. to
4s. preen. ; the June Bills par to 2s. prem. ; Ex-
chequer Bonds, 981 to ; and India Bonds, Be. to
Turkish Six per Cents. declined about t per cent.,
closing at 94; to 951, although first marked 951.
The Guaranteed Four per Cents. left off at 101
to 1. Spanish stocks were more inquired for.
Business in this department continues very limited,
except as regards 'Turkish securities. At four
o'clock, Russian Five per Cents. were quoted
104 to 6 ; ditto Four-and-a-Half per Cents., 96 to
98; Dutch Two-and-a-Half per Cents., 641 to
65}; ditto Four per Cent. Certificates, 96 to 98i
Mexican Bonds, 221 to 234 ; Spanish Deferred Three
per Cents., 261 to 4; and Peruvian Four-and-a-
Half per Cents., 78 to 78. Sales are recorded as
follows :—Belgian Four-and-a-Half per Cents., 96 ex
div. (exchange 25f.). Dutch Two-and-a-Half per
Cents., 651, 651 .(exchange 1211.) ; ditto, Four per
Cent. Certificates,97}. Portuguese Three per Cents.,
1853, 46. Sardinian Five per Cents., 914, 911.
Spanish Old Three per Cents., for account, 28
May, 414, 411 ; ditto, New Deferred Three per
Cents., 25}; the Committee's Certificatm for the
unfunded coupons, 6), 61 per cent. Turkish Six
per Cents., 95},95; ditto, for account, 28th Hay,
951, 1, 1 ; ditto, Guaranteed Four per Cents., 1001,
101 ; ditto, for account, 1011, 1011, 101.
The Swedish Four per Cent. Provincial Mortgage
Loan was also officiay marked 87.