ENGLISH MONEY MARKET.— March 31. (From the Spectator.)

Daily Southern Cross, Volume XII, Issue 842, 24 July 1855, Page 3

ENGLISH MONEY MARKET.— March 31. (From the Spectator.)

A belief hns prevailed this w?ek of an early reduction by the Bank of England in their rate of discount This feeling has been promoted through a return to flatness in the Coin-market, and the expectation of further arrivals of spocip, while the present contraction of trade creates little demand for discounts. Money is obtainable on Government Securities at about 3 peT cent; the India Company are endeavouring to employ sums at that rate for two months ; and the banks and discount houses are now less willing to receive money at call at former rates. This increased ease ha 5*5 * prevented any permanent decline in the Funds ; which \vpr<? once X lcwnr this week, owing to anticipated difficulties at the Vienna conferences. Consols on Wednesday receded to 92\ sellers ; they have been since done at 9^i, and arc lo day 93, and <)3Knr the Account. Speculations fur the fall caused the Funds in Paris to bo heavy eaily in the week, and they declined nearly 1 pr-r cent ; Utterly they have recovered, on the announcement of the imeH.!<<d \i-it to England of the Emperor and Empress. The French rate of exchange is rather lower, but it creates no uneasiness.. The Parliamentary i^rant for a loan to Sardinia will omasum an immediate payment from the Treasury of 1,000,000?., and a similar sum a year hence. The a", erage amount of Bullion in both departments of the Bnnk of England, for thp month ending the 17th of February, was 1*2,723.212/. This shows a decrease of 327.700' compoicl with th»* preceding month, and a reduction of 3,593,47-V. in comparison with the same time last year. The Dividends due next month at the Bink v>ill be paid two days later than usual, namely, on the 10th of April, instead of the Bth, through the intervention of Good Friday an<l Sunday. Specie has been received this week fiora the United States amounting to 3e3,000Z. The exports have been about 71,000/.