The Express.
London, England, 1850-01-07 00:00:00

MONEY MARKET.

SATURDAY EVENINO.
The English stock market opened rather heavy to-
day, and at a decline from yesterday's closing prices,
from which it did not recover during the course of
business. Consols were first called 963 to 97 ; they
then fell for a short time to 961, beta soon recovered
the opening price, at which they continued without
any variation during the remainder of the day, and
closed as they opened, at 96; to 97 ex dividend for
the 16th instant. The Three per Cents. Reduced
marked 971, 961, and last 971. The New Three-
and-a-Quarter per Cents, were done from 981 to 1,
the higher figure being the last transaction.
Exchequer Bills marked 695. and 625. ; ditto, 3061.,
625. ; ditto, Small, 395. premium. Bank Stock, 204
and 2041. Indian Stock, 262. India Bonds, 935.
premium.
Not much business was transacted in the foteign
house, and the market generally was dull. Mexican,
Peruvian, and Buenos Ayres Bonds were not so firm,
and were negotiated at a decline from yesterday's
prices. The business reported consists of—Brazilian
Bonds at 88/ ; ditto, New, 1829 and 1839, at 861.
Buenos Ayres at 481. Equador at 31. Grenada at
161 ; ditto, Deferred, at 31. Mexican, for account,
at 291 and 29. Peruvian Four per Cents., 1849, at
6t fur money, and 61 and 1 for account. Portuguese
Four per Cents., at 361 for money, and 361 for ac-
count. Five per Cent. Spanish Actives for account
at 191 and 1. Venezuela Deferred at 91 and 9.
Two-and-a-Half per Cents. Dutch at 66, 531, and 1;
the Four per Cent. Certificates at 851.
Money has been very freely offered "on call "
daring the week, and in order if possible to obtain
employment for it in this way, even lower terms, it is
stated, would willingly have been accepted by parties
who feel the inconvenience of unemployed capitaL In
this state of the money market, Exchequer Bills have
freely been resorted to as a medium of temporary in-
vestment, and the transactions in this description
of government security daring the week have been
to some extent. Discounts are obtainable at 21 to
2 per cent., and we understand some large amounts
of first class bills have been done during the week
on even lower terms; but the regular brokers have
not altered their rate to their customers which
varies from 21 to 21 per cent. for short first class

paper.
'rhe directors of the Scotch banks have icsued a
notice that henceforth the interest allowed to deposi-
tors will be calculated on the minimum balance at
their credit in each calendar month, instead of on the
daily balance, as heretofore. The Commercial Bank
of Scotland has advertised • reduction in its rate of
discount.

The following an the extreme prices at which
Consols and Exchequer Bills were negotiated each
day during the week:
Itighwa Closing
Prkm. Prim. MIA
Mindy—Consois Wr irsount (lan. 16. im Lowest
Mr.)
Tamday Ditto ... Al 9611 96 to
Wedasseley Ditto :.... iv.9 961 914 to
Thanday Ditto
Friday Ditto 911 97 to
_ll
Saturday Ditto
Eaceemser WU Tate week. Imat week
11,000 illittest. buwest. Dlgtima Lowest.
Woad~
Tuesday 6ls. pa. ... 56e. pa. ... No beldame.
Wednesday
Thursday
Friday Pk. poi. ... fa. pm.... 59e. pa. .. Oa. pm.
pa 1525. pa ... 59e. pa. ... ills. pm.... 59a. pm.
_ _

Toe clealings in Joint Stock Bank shares this week
are at the following rates: Commercial of London
(paid 204), at 22; London Joint Stack (paid IW.),
at 173 ; Provincial of Ireland (paid 251.), at 45 ax
div.; Union of London (mad 101.), at 12:.
In Dock shares the following transactions are re-
ported Commercial Dock, at 80; East Country, at
21; London, at 119; St. Katharine, at 80 and 80i
ex div.

The first week of the new year has commenced
favourably for railway property. The share market
appears to be steadily, though slowly, recovering
from the depressing effects of the panic which so
lately overcame this description of investment. A
comparison of the closing prices of to-day,
with those of last Saturday, exhibits a de-
tain* in Midland and Brighton. ; whilst London
and North Western, London and South Western,
and South Eastern, show an improvement. The
two latter especially have bun very steady during
the week, and continue to maintain their ground,
although the market to-day was not quite so firm for
other lints.
From the official returns it moors that the total
treat receipts of all the railways in the United Sing-'
dose animated in the ant quarter of the year 1849 to
2,330,1384 ; hi 'the mooed quarter of the same yes:
to 2,792,8024 ; in the third quarter to 3,162,8414 ;
and in the fourth quarter to 2,738,1464; main thw
total nisi& of the year 11,013,8174. The total
receipts in 1848 were 10,013,817 ; in 1847
8,1116,8711. g is 1846, 7,889,8741. ; is 1846, 8,889,21144 i
0'1844; 6,810,9824 ; in 1843,4,842,8661. ; sad in 1842,
4,341,781 h The preceding figures show the illtedislud