The Express.
London, England, 1852-03-10 00:00:00

MONEY MARKET.

TUMDAY Evastmo.
The English stock market was firmer to-day, with
rather more money business offering, and prices
'ranged at the highest quotations of last week, being
/ better than yesterday.
Consols opened 971 to ; for money, and closed at
971, and 971 to a for the 13th April. The arrange-
ments for the setilement of the account expiring on
Thursday were in progress. The steadiness of the mar-
ket was further promoted by the renewal of purchases
by the government broker. The official business report
includes:—Three per Cent. Consols, 97), ;
ditto for account, 971. Three per Cents. Reduced,
981, ;. New Three-and-a-Quarter per Cents.,
994, a. Long Annuities, 1860, 71, 1-16; ditto, 30
years, 1839, 6 13-16; ditto, 1860, 6 13-16. South
Sea Stock, 10:1 ; South Sea New Annuities, 97.
Bank Stock was again higher to-day, marking 219
and 220.

Exchequer Bills were nominally
.quoted at yester-
day's rate of 625. to 6.55. prem., out not a single
transaction is recorded in them. India Bonds were
sold at 725. prem.
In the foreign department business was quiet, and
prices were well supported. Mexican, Venezuelan,
and Sardinian were firm, and Granada Bonds show a
rally. Bargains are thus recorded:—Buenos Ayres
Six per Cents., 58Z. Chilian Three per Cents., 69.
Danish Five per Cents., 103, 102 ex div. Dutch
Four per Cent. Certificates, 92Z, 1. Ecuador Bonds,
5. French Five per Cent. Rentes, 103 f. ex div.
Lexchange, 23f. 35c.); ditto Three per Cents., 681.
exchange, 251. 25c.) Granada One-and-a-Half per
rats., cx Dec., 1849, coupon, 221; ditto, Deferred,
10, 1. Mexican Three per Cents., 1846, 33, 32; ;
ditto, Small, 331. Peruvian Deferred, 55. Portu-
guese Four per Cents., 34. Hamblen Four-and-a-
Half per Cents., 103, 1021. Sardinian Five per
Cents., 001, 90; ditto for account, 16th MAI, 891.
Spanish Old Three per Cents, 421, 42 ; ditto New
Deferred Three per Cents., 19, 18Z. Venezuela
Three-and-a-Quarter per Cents., 43, 42; ditto De-
ferred, 181, J.
A good deal of interest is felt by the Mexican
bondholders in the meeting convened- for to-morrow,
as an impression prevails that the future regulation
of the debt may be rendered a matter of comparative
case, provided only the government can be induced
to adhere to its engagements, and it is therefore
thought that this meeting will inaugurate an era of
more hope to the bondholders. A glance at
the history of this stock, which has passed
through such numerous changes and conversions,
from its original position as a Five and Six
per Cent. Stock, through Lizardi's conversion
in 1837, Schneider's conversion in 1846, and now
Facio'• conversion of 18.52, when the interest
on the stock is reduced to 3 per cent, affords a
rather striking case of hardship. A recapitulation of
the interest actually paid since 1838 will sufficiently
bear out this view. Of the nine dividends accruing
from April, 1838 to 1842, amounting to 22!. 10s.,
101. was cancelled, 101. issued in debentures, and
only 2!. 10e. paid by Messrs. de Lizardi and Co. in
money. The statement of payments, therefore,
stands as follows :

1 Dividend, April, 1842
1 " October, 1842
~ April, 1843
„ October, 1843
SI April, 1844
.._
Total paid by Lisardi sad Co £lO 16
The remainder of the dividend of April, 843,
amounting to 11. 13e. 4d. was given in stock. The
dividend of October, 1844, was paid by Messrs.
Schneider and Co., but this
.payment ought not to be
taken into account, considering that 10/. stock was
deducted in the succeeding conversion of'lB4B, which
gave only 901. stock for every 1001. The rest of the
payments made comprise :
Dividend, January, 1847, paid by Messrs.
Schneider
For eight dividends, from July. 1847, to
January, 1851, amounting to 20!., was
paid by Col. Facio
Dividend, July, 1861

£6 19 0
The total interest paid from April, 1838, to July,
1861, is thus shown to be only 181. 16s. Bd., or
scarcely more than 1 tper cent. per annum.
In connexion with this subject, the claims of the
holders of Mexican Deferred Bonds, issued by Messrs.
De Lizardi and Co., and still outstanding, are deserv-
hag of peculiar attention, as even in the now conver-
sion they are entirely neglected. Since these deferred
bonds, which were issued as land warrants on Texas,
should have become active stock in 1848, it is urged
as most unjust that the holders should suffer for the
irregularity of the over-issue of Messrs. De Lizardi
and Co., by being altogether shut out from any ad-
justment.
An unfavourable impression was produced on
'change to-day, by the suspension of an East In-
dia firm of standing. The cause assigned is dif-
ficulties with the correspondent of the house in
Calcutta. The liabilities of the firm, which is
stated to have suspended during the panic of 1817,
are not large, and as the assets are of a favourable
character, the winding-up will probably be effected
without great loss to the creditors.
The quotations of foreign exchange to-day were in
several instances a shade lower, owing to a small
supply of bills, and to a rather brisk demand, which
is chiefly for remittances against foreign stocks and
railway shares purchased on the continental bourses.
Short Paris was done at 2.5.30 to 36 ; ditto, three
months, 26.47. to 60. Paper on Belgium ruled a
little higher, namely, 25.50 to .53 for Antwerp and
Brussels. Amsterdam was a trifle lower, coming
weaker from that market for bills on London ; the
only rate at which business could be effected was'
12.0 i. Hamburg likewise showed a downward ten-
dency, although the rate on London comes quoted
higher; it left off 13.11 to I. Frankfort was