The Express.
London, England, 1850-01-16 00:00:00

MONEY MARKET.

TOZSDAT TORNINO.
The impression created on the Stock Exchange by
the announcement of a Russian loan for 68 millions
sterling, was unfevourable to the firmness of the mar-
ket for public securities. The arrangements also in
progress for the settlement which takes place to-mor-
row, disclose a wee& though large " bull " account, as
was generally expected from the extensive operations
on the Font of speculators for a rise, which have
formed the distinguishing characteristic of the
negotiations in the Eneliah funds for some
t;me past. The combined influence of these
circumstances has tended to depress the home
funds to-day, and a fall of 1- aa between the closing
prices of yesterday and to-day, has been the conse-
quence. Consols were first called 961 to t ex div.,
both for money and to-morrow; from this, the high-
est pout of the day, they soon fell to 964, and so
continued for some time, when a temporary reaction
took place, and they spin marked 981, but subse-
quenUy gave way and were last marked 98, being
officially quoted at the close 96: to 4 fur to-morrow's
account. The "continuation" was last dune at Z,
equal to 44 per cent. per annum. The Three per Cent.
Reduced marked 96j, 97, and last 961. The New
Three-anc-a-Quarter per Cents. were dealt in to some
extent from 984 to 99, the last operation being
marked 984. South Sea Old Annuities marked 96:
Exchequer Bills of all sizes were negotiated exten-
sively at 675., 61s. and 695., and India Bonds at 975.
and 100 s. pm. Lon`` Annuities, 84; ditto 30 years,
1860, 84 • Bank Stock, 208 and 209.
With ;demo to the Ruda& lose, we may ob-

serve, that its announcement has not been ill-received
in the city, where the punctuality with which the
interest osrforrner loans has been paid weighs more
than consideraticse as to what le to be done with the
money. The Russian agents have been now two
months in the country, biding their time to bring
this loan forward, and certainly they have not ill
chosen their opportunity.
In the corm of the foreign exchanges for this
mail there is not much variation, the only alterations
being a slight decline in the rates for billion Hamburg
and Frankfort-on-the-Maine.
The ',dykes brought by the Crane packet extend
only to the 14th November from Rio de Janeiro, and
consequently are of no commercial interest, accounts
having been received from thence to the beginning of
December in the course of last week.
Havre advioes of Friday's date mention that
an unusual 4 great of activity had prevailed
during the day in the eotton market, and towards the
latter part of the day a 'further advance of If. took
place, in consequence of the receipt of advice, from
Liverpool. The total sales on Friday amounted to
4,643 baits, and the day previous about 'l,OOO bales.
The last quotation was 99f; for low ordinary Orleans.
Some business had also been done in coffee at an ad-
vance, 10f. having been obtained for Hayti. The
market for raw sugar and hides was oleo very fair.
Hamburg advisee of the 11th mention an unutmal
deime.stroireilLhaving prevailed in the coffee

real ordinary Brazil on the spot was quoted 61 &ch.,
and 61ach. for low middling ditto. The sales during
the week amounted to no less than 76,000 bags, the
greater part on speculation. In sugar there was not
much doing, bot a few transactions had taken place
in brown Bahia, at a slight advance on previous rates,
and holders were very firm. In spatter a deal of
speculative business bad been done, and the operations
of the week were estimated at 25,000 centna, at 101
marks for April and May delivery. The funds were
firm, but railway shares were rather depraved.
In continuing our report of the trade of Hamburg
for the past year, we propose to take a short review
of the imports by sea, and exports inland, as also of
the present stock of some of the leading colonial pro-
ducts. Of these the most important is coffer, of
which not leas than three fourths of the entire quan-
tity received consists of Brazil. The total imports of
coffee during the year 1849 amounted to about
75,300,000 lbs., being about 4,000,000 lbs. less
than in 1848, and about 3,000,000 lbs. less
than in 1847. The yearly imports on the average
of the last four years were 73,700,000 lbs., and the
annual average consumption and exports for the same
period were 43,000,000 lbs., which leaves little room
for the accumulation of stock. The quantity on the
spot in first tands on the 31st December was
14,000,000 lbs., or little more than two months re-
quire went*. The stock at same period, 1818, was 15
minicar, and in 1847, 13 million lbs. Rew colonial
sugar stands next in point of importance,but owinglo
the great increase which has taken place within the
last few yearn in the cultivation and manufacture of
beetroot stmar in the interior of Germany, this
branch 7 f bosiuesa is not now of the same magnitude
that it was a few years back. The annual consump-
tion end export on the average of the last three
years amounted to about 70,000,000 lbs., whilst
on the aveisgo of 1838 to 1846 It amounted to
91,000,000 lbs. The total imports in 1819 were
82,500,000 lbs., of which 9,500,000 were lumps and
bastards, &c, against 73,000,000 lbs. in 1848,
and 76,300,0001b5. in 1847. The suck on the 31st
December was about 16,300,0001bs , being about
2,000,0001b5. above the average of the two previous
years at same date. Rice, owing to the productive
harvest and the low prices of grain, has not met with
much demand, and as a consequence the stock on
hand on the 31st December greatly exceeds that of
any previous year; it woe 1,030 tierces and
44,330 bags, against 957 trs. and 24,000 bags in 1818,
and 300 tea. and 15,900 bags in 1847: whilst the
fetal import last year was 10,807 trs., 7,0841 bags,
against 6,730 try., 56,799 bags in 1848, and 12,940
trs., 101,404 bags in 1847. Cocoa from Guayaquil
was imported during the past year to the am omit. of
12,050 bags, and the total, stick on the 31st Decem-
ber was 5,600 bags, being considerably in excess of
the previous year. Tobacco experienced an active
demand throughout the year; the failing off
in the supplies induced asp culation and prices
advanced accordingly. Domingo tobacco is the
favourite kind, and constitutes more than one half of
the total supply and consumption. The total im-
ports of tobacco in 1849 were 48,596 packages
against 61,8b0, in 1848. The amount disposed of
during 1849 was 48,993 packages. The stock on the
31st Dec-mber was 12,807 packages against 18,154
packages in 1848, at same date. The import of raw
hides from all parts during 1849 amounted to
312,000 pieces, cr 70,000 more than in 1848, and
70,000 leas than in 1847. The price of hides on
the Ist ins'., shows an advance of about Z ecb. during
the year 1849, and the prospect of an increased con-
sumption during the present year is stated to be very
encouraging. Cotton is increasing iu importance, the
natural consequence of the extension given to cotton
spinning in Prussia and Saxony. The price of this
staple followed the course of the English markets.
In January 1849 it stood at 4i sub., and in
October, at 7 to 71 *ch. for middling, at which
it was quoted within a fraction at the close of the
year. The total imports during 1849 amounted to
63.846 bales, against 47,846 bales in 1848. The
quantity sold for consumption in 1849 was 36,737
bales, and 70,246 bales were forwarded in transit,.
The stock on the 31st December was 3,400 bales,
against 9,800 bales in 1848. The total import in
1821 was only 11,500 bales. Tea does cot occupy
that prominent positioa amongst the products
which it does in this country. The consump-
tion, however, is slowly increasing on the continent
and it exceeded last year in Hamburg by 3,6001
chests the total imports, which reduced to whole
chests amounted to 3,464. The stock on the 31st
December was equal to 4,845 whole chests. Pepper
increased in value during the past year from 21 to 31
sch. b.nco per lb. The imports during 1849 were
16,500 bags, or 2,000 bags less than in 1848. The
stock on the 31st December was estimated at
600,000 lbs., or about the same as in 1848
at same date. Pimento was imported during
1849 to the extent of 12,339 bags, leaving a
steck of about 4,000 bags at the end of the year.
Cassia lignia experience) a considerable advance
during the past year. The stock on the Ist Jan. 1849
did not exceed 50 chests, although the imports during
1847 and 1848 amounted together to about 10,000
chests. The imports in 1849 were about 7000 chute,
and further parcels are expected on the opening of the
navigation to the extent of 6,000 chests and 2,500
packages, of which 4,000 chests had been disposed of
for delivery, and sales of other parcels on the
spat had been effected at 131 sub. The total imports
of mace and nutmegs during 1849 amounted to 412
packages of mace, and 132 packages of nutmegs. Of
cloves there were imported last year 2,990 packages
against 382 packages in 1848. The imports of gin-
ger last year were 650,000 lbs. against 532,000 lbs.
in 1848. The stock on the 31st December was about
500,000 lb. Cassia buds, cardamoms, cinnamon,
vanilla, sago, &e., do not offer any novelty or impor-
tant feature requiring remark.
Mr. Thomas Allsop, of Royal Exchange-buildings,
has this evening issued a railway and monetary cir-
cular, which contains as interesting statement, show-
ing the depreciation which has occurred in the value
of capital invested in the twelve principal trunk lints
of railway, on a comparison of the present market
value with that of January, 1849. The lines which
Mr. Allsop includes in his analysis are the following
(exclusive of the leased and lccal lines,and also exclu-
sive of any portion of the respective stocks not
negotiable in the London market) : Caledonian,
Chester and Holyhead, Eastern Counties, Lancaster
and Carlisle, Great Western, North Western, South
Western, Midland, North British, South Eastern,
York and Nerth Midland, and York, Newcastle and
Berwick. The par value of the ordinary capital of
the above lines is 72,644,215 L The market value
of ibis stock, on the 9th January, 1849, was
65,887,0581, whilst at the SUM date this
year, it was only 40,828,6164 thas showing

a depreciation of 20,068,6421. Ths get Wu of St
preference capital of the skive lines is 6,882,2001.
The market value on the 9th of January, 1849, was
8,040,2881., and on the 91 ins**. inq 4,817,6031. ; in
this case the depreciation is 1,222,6851. The total
capital represented in the above analysis is 78,526,4161.,
and the total depreciation amounts to 21,281,2271., or
271 per cent. on the pu value, and u this sum does
not exceed one-fourth of the total amount expended
on railways in the United Kingdom, the above results
will give some idea of the Ices sustained by railway
shareholders in the twelve months just expired.
. DUBLIN STOCIL/3.—.15.. 14.
3 per Coat. Camas
St pee Cent. Mock 9ll
tiotar jerD.Ct.butallastmOMee OrYet b. (Gov. waiwitY/I.o2l4.oLvjfi
74
Dalin and Drogheda-LI (Thirds)
lildlaad at Western ad Company
AND eITOCEP Litßoati.
PARIS, Jest. 14. I For Amount.

3 par OWL 57 30 137 60 37 60 37 40 57 43
---
''ll 1.
3 per Ceuta. 94 94 03 94 03 93 113 1131 NI
3 do. New Loma. . „
is is .4 0
4 per Cents.
.. I 11. IN .9 0
4 per Cada. .9 99 .9 9. 99
Ziettaille on Landon : 30 days, 13.424 45 ; SO days. 23.30 34
Be 3, 1640
11 Da. , 1342
170. 44
„
Do. 21
Madman 3 per Cents 90 „
bovass.—Path mad Weiss, 620 ; Pane sad Rolm, 364 ; Bones
lit 11304018p1; AVOWS NO 11101011101. 931 304 19700331 03,3
Brie, 116 ZS ; Orkin' and Bordeaux, 41373; Northern, 461 23;
Paris and gersskouri. 360; Tours and Nantes, 275; Masterson and
Lriie xi 113; Ceite and 31ontpellfer, 125; St. Germain, 410• Ver.
right bask) 293 ; do. (left bask), 147 30; Orleans and %Jerson,
340.

Tar For Atmount.
YOM). Opening liiihest. Lowest. Clow*.
--- - -- ---
57 50 37 60 37 60 57 40 57 43
94 94 03 94 03 93 93 93 90
s. •• I. •• “
. lit NI n n
. til It . to

MAIM., JAM. 7.—Three per Cents., 291 wallet. Four per
Cents., 121 paper. Fire per Centa, 111. Coupons, ej. Barak of Bt.
Ferdinand, 87 amount. Uttanite on Leaden. 20.22.

Dt:BL/N SHARE MARKET.—(From the Freeman's
Journal of Jetuary 14th.)—There has been an increased
business dune in shires, and the tendency is rather upward,
esmcially in debentures, &c., intended for investment.
Great Southern and Western. 293 (10s. advance); Mid-
land Great Western, 231 ; Dublin and Drogheda, 254 ;
Thirds, 81; Dubin and Be/fast Junction, 53; Water-
lord and Limerick, 83 3 ; Belfast and Ballymena, 171; Cork,
Blackroek, and Paestum (141. pain), 74; Dahlia and King.
butun Halves, 131 ; Quarters, 63. Ili, list, it will be men,
presents a considerably iouesused number of quotations.
National B ink, 174 ex div.; Royal Bank, 113; National
Insurance C,., 204 ; Patriotic Insurance Co , 74 ; City of
Dublin Seam, 73; balm, 391; British and Irish Steam,
39 ; Wicklow Copper Mine, 101; Mining Company of Ire
land, 41 ; Alliance and Consumers G.,e, 51 ; Ballast Office
Debentures, 911 (13 advance); City Debenture., 75 (1 ad-
vance) ; ipeer.,tcr Debentures, 804 (the last pelt-sot which
was 80); Dubin and Kingstown Railway Fur per Cent.
Dabs., 100; this latter beiig almost the first time they hays
rescind par since they were issued.