The Express.
London, England, 1850-04-22 00:00:00

MONEY MARKET.

8/11171DiT IMMO.
The qualeely mina& a° the dividends has tended
te sake newsy mei abakiest. bat without °hapset-
in the rates el Mamas fee eiauseaal pa.. Them
madman at 2} be trioramosat. fir three ands sox months
bills with she whilst the " outside men "
freely take the male paper at 2 and 21 per cent On
these terms a fair amount of paper has pasted the
counter daring the week. Mosey is offered on call
at li per oast, at which, however, it is not
*sod with the same facility as it was last
week. Exchequer Bills have been in good demand
all the week, and Is. advance wan paid for
them to-day, at which the market is Tiny firm
The Bank of En_gland weekly returns published in
this evenings .Express exhibit the tassel Buctua-
doss consequent upon the payment of the half-yearly
dividends; of which eom. where about two millions
yet remain to be disbursed by the Bank ; and the
increase of Dl:l4y one million in the private balances
indicates pretty clearly how part of these payments
has been employed.
The following are the extreme prices at which
Consols and Exchequer Bills were transacted each
day during the week :

lIMOM Lows* Clain
Prima Price. Prin.
Newkay—onois Mr wow 93
........94 :I: 1
rovalsorat (Ms/ 9)
%sky Pm mean
Tat mow'
..9fi to
Wednesday Per wan
Tkanday Pee wpm 9 93 9 to
Pronenot. 93 9 93( to
Friday tar moon 96 93 93 to 96
Pie onewat l6 96 93 to 4
Wards, Par many 96 96 96 to I
For omen 96 96i to a
Exchequer BUM This week. geli
Let week
.C 1,40 Highest Lowest. Mitten Loweet.
Moeda,
Teensy 7la. pm. ... Ilk pm.... 74 pas.... na pm.
Medoeaday
Thant 1/

Priday Ma pm... pm.... ,Os. .. eta pa.
Saturday
The amount of the precious metals exported from
the port of London during the week ending Thur.-
day last, we leans from efficial sources, was as fol-
lows :—G ild coin :to Hamburg, 1,600 oz. Gold
bars : to Mogadore, 66 oz. Silver bars : to Mogadore,
390 oz.; to Dunkirk, 20,000 oz ; to Hamburg,
2,800 oz.: making a total export for the week of
1,666 ounces of gold, and 23,190 ounces of silver.
The heaviness which characterised the railway
share market daring last week continued to prevail
at the beginning of the present, and on Tuesday suc-
ceeded one of the severest panics experienced for some
time past. A succession of heavy sales, bond fide and
speculative, and a further turn out of shares on which
advances have been made by the banks, caused a
rapid decline, London and North Westerns fall-
log to 991, Great Westerns to 46, Midlands
to 301, Dover. to 12i, and Lancashire
and Yorkshires to 31. Since then, however,
as is usually the case after so severe a depression,
there has been a steady reaction in the market, and
to-day's prices show an improvement over those of
last Saturday amountiog to 41. in Great Westerns,
21. in Lancashire and Yorkshires, 21. to Brighton.,
10s. per share in North Staffords, Duvers, and Ber-
wick., and 15s. in North Westerns. The exceptions
are a fall of 21. in Great North of Englands, 31. in
Hull and Selby., and 11. in Leeds and Bradford'.
Notwithstanding the present improved state of the
market, however, the causes are still in operation
which have militated so greatly against railway
property, and until their removal be accomplished
no permanent improvement in the market fur shares
can be looked for. The most powerful of there ad-
verse influences is the almost universally prevalent
want of oonlidenee in the parties at present control-
ling the railway interests of the country, and in this
respect it is melancholy to see the indifference of di-
rectors as to the degree of die rust which their pro-
ceedings may excite in the public mind. Severe and
general animadversion is expressed at the
proceedings of the South Eastern management, as re-
vealed in the progress of the case of Pritchard and
Dale, in the Court of Bankruptcy, on Thursday. Mr.
Macgregor's letters have excited quite a sensation;
indeed, the exhortation of the chairman of the South
Eastern, to "keep people bandaged," appears likely
to become as favourite a stock-piece in the mouths of
dissatisfied shareholders and their sympathisers of the
press as ever was Mr. Httdson's phrase of "makieg
things pleasant." The decline in the price of Leeds
and Bradford shares this week is solely attributable
to a report industriously propagated that a party,
headed by Mr. Wylie, of Liverpool, were bent upon
repudiating the Midland lease of this line, but there
is the best reason for disbelieving that any such ob-
ject is contemplated. North Stafford@ have continued
steadily to improve in consequence of the conclusion
of an agreement with the London and North Western
CAnpany, as set forth in the subjoined circular just
issued by Mr. Ricardo. The advantage which the
change effected by this agreement is calculated to
bring to the North Staffordshire Company has been
estimated at upwards of 45,0001. per annum.
" The directors lose no time in summering that the com-
mon seals have this day been affixed to as agreement between
this company and the London and North Western Rail-
way Company, by which all litigation is superseded, and a
adjustment of the traffic has beau arranged. The
agreement itself will be presented for the information of the
shareholders at their next meeting; in the meantime the
following may be taken as a general outline only of the prin-
cipal provisions of the arrangement. The net proceeds of
the traffic between Blanchester and London, and between
Manchester and any cation from Coleich to London, for
the mileage distance of the North Stefforriabire Rail say
from Colwieh to Mecrieslield, to be equally divided between
the two companies. The whole traffic between blench
or Liverpool or Chester to Derby and the Eut, and between
Marritstirild and any place to the South of Macclesfield, to
be conveyed over the North Staffordshire Railway, with •
reciprocal engagement in favour of the London and North
Western Railway Company as to traffic peering by the North
Staffordshire Railway towards Manchester, Liverpool, and
Chester. Ali reasonable facilities are to be affesdad for the
transmasion of the traffic of the North Staffordshire Rsil-
way. The agreement to Mks effect from the 26th March,
1860. The bills for he projected Marple bus, and for the
line from Leicester to Hitehin to be withdrawn.
".7. Lswts RICAILDO, Chairman."
The following are the extreme prices at which
business has been done in railway shares during the
week :

Lowest
Ppm.

60 badan
70 A
/10ad sad Word Awake

triaSmt.....hint • potooloo) --.....-- 91
SI lantern Cooollso. ... 7
40 Edinburgh mod 119974 W— 27
22 Great Noniron_
19 —.... ........ 51
100 °rod North al 094.—....:—. .—..— 217
100 Grad Woman. —... .. 531
Ks Bull and /Ay
SO Lamar oaf eilide 5l
100 Idsornkbo imilitolohlro 34
30 Lomb mid Drodiart. 9l
111 Lorton ono Morkwall
al
140 Loodlos, Br109•0.101111saili00991... 79
101
In landau sad Ormildeb
1011
100 1a5699 art Mara Wasters 994
100 Large reolgoo& Wooers
100 Mandstwier. Ilbellsklorad Wagon's. II
100 Illidlasil 777
100 NortAk
17North BM*
1111
4 North Shillsralir• 7
23. Orottfoh OMNI
Is
...

131 Womb Emma
47 South Wales l 5
43 Wllte. Somerset, sad Weymouth 39
U York. NearalUm and Smash l 3
NI Ton sad North llidload
The subjoined calculations show the rat* per cent.
per annum yielded by the various securities oited at
the average of the prices which ruled this day.
Where the asterisk (*) is placed, it is to be understood
that the share rats of divniend is lees the income tax.
Three pa Pat Omadm..menie prim 96 'Midriff nat.Sl 1 6
Duro pat OwA. labassl. 94 a 3 2 111
per Omis. 971 6 6
IllrealtaaVirpormoolt autter MIL ). 307 a
a $l7 $4
Ulla Suitt .1% pormn)267l 616 6
SaMertom MUMS par day) 69a. pm. : 14 It
Uro4lollm ses. . imar oh. at
Apollo Id por min jar au.).
Grit Wagon. My, at the rated 4, 14 4. 41 9
pm amL arm.)
t ammako sodpee Yorkshire Manny 14 a 76 11
SIN Sleek (dlr. at tlyi rate of II per
mat
Loads. E
mil South Woitorse OM. at
the rate of 1t pot mt. pee e 1194-.-69
Waist (dirt-
dead Ma par 111&6111:eak kr
the hilt yam equal la li. 140. per
OWL per em.)
UMW mil North Wootonte (dividend
1 sloe law of 6 per mat pm idea,) 1021

8 Is 101
S If 01

6 I
411 0