The Express.
London, England, 1852-06-10 00:00:00

An active business was done in the home funds to-
day, and, under the influence of the continued de-
mand for investment, combined with the scarcity of
stock, prices showed a rising tendency throughout the
day, and closed firm. Consols were dealt in to a fair
extent at 100; fur cash, for which they left off
quoted 1001 to Z, and 100? to 101 for the new ac-
count of the 16th July. This was settling day in
this stock, but the requisite arrangements were
effected quietly, the tendency of prices having been
steadily upward throughout the month. Last set-
tling day the quotation for the 9th of
Juno was 99! to 1, so that the price
now current exhibits a rise of nearly 11
per cent. The lowest price during the period em-
braced in the account being 991, and the highest
1001, it follows that the extreme fluctuation is 11 per
cent. The Three per Cont. Reduced were invested
in by the government broker to-day at par, and the
Three-and-a-Quarter per Cents. reached 1021. On
Friday will be closed the transfer books of Consols,
the Three per Cents. of 1726, the Five per Cent.
Annuities, Annuities for terms of years, and South
Sea Annuities. To-day's business list is as follows :
Three per Cent. Consols, for money, 100, 1, f, 1 ;
ditto for account, 16th July, 1001, 101, 1001. Three
per Cent. Reduced, 99/. 100, 991. New Three-
and-a Quirter per Cents., 1022, 2 I g. Long
Annuities, 1860, 6 15-16, Z. South 'Set: Stock, ill!.
Bank Stock, 2221.
The reaction in Exchequer Bills continues, sellers
pressing rather heavily on the market. The March
bills again fell 2s. to-day, closing 765. to 795. prim.
India Bonds were dealt in at tlBs. to 903. prem.
In the foreign stock market the transactions were
not so numerous as yesterday, but a firmer feeling is
generally apparent. Mexican Bonds were sensibly
better. Brazilian are still looking up, and Austrian
scrip was driven up to 11 prem. The operations in
this last-named security are believed to be
chiefly on account of the foreign connexions
of the agents, as there is no disposition
to touch it observable in the house. Dutch stocks
are rising, especially the Four per Cent. Certificates.
'The day's bargains are as follows :—Austrian Five
per Cent. Scrip, 14, 11, 11 prem.; ditto Old Five
per Cent. Bonds,
_ 79, 1, 80 (exchange fixed at 10 ft
per £); ditto Five per Cent. (letter 19, 94,1, 94 ;
Brazilian Five per Cents., 101, 100; Chilian Three
per Cents., 70; Dutch Two-and-a-llalf per Cents.,
63,1, 62 ; ditto Four per Cents. Certificates, 95, 941,
951. ; Ecuador Bonds, 41. ' • Mexican Old Bonds,
301; ditto for account, 15th June, 204; ditto New
Three per Cents., 231,4, I ;Russian Five per Cents.,
1101; Sardinian Five per Cents., 911 ex. div.;
Spanish Old Three per Cents., for account, 48Z, ;
ditto New Deferred Three per Cents., 211, a ;
Venezuelan Three-and-a-Half per Cents., 391.
There were again a great many transactions in
Crystal Palace shares to-day. A considerable de-
mand being experienced, the price advanced to par,
and left off firm.

From the Committee of Spanish American Bond-
holders we have received copies of the documents re-
ferred to in their communication of Monday rela-
tive to the Venezuelan debt. They comprise a long
despatch from Mr. Lord, addressed to the Finance
Minister of the Itepublic, in which ho makes another
vigorous protest against the breach of faith com-
mitted by the government in not remitting, as pro-
mised, the sums required for the payment of the di-
vidends due in October and April. In answer to this
letter, the ministry merely addressed to Mr. Lord a
copy of tho official despatch to the committee in
London, which is subjoined, and will be perused
with interest, Qs affording a rather stronger founda-
I tion of hope for the bondholders to rest upon :
Caracas, Bth May, 1ft.52.
Gentlemen,—The government expected that the negotia-
tion into which it had entered for sending funds to Eng-
land, to pay the dividends due to the Venezuelan bond-
holders in London, would have bad the desired result ; and,
confiding in the success thereof, it hastened to address to
you the despatch of 211 h March last. Unforeseen events
have, howuvrr, disappointed the wishes of government;
who, being guided by the principles of honour and justice,
have taken other steps, and more secure measures, in order
to fulfil completely the obligations towards the foreign
creditors. The result of those measures is the inclosed bill
for .5,4541. Os. 2d., on Frederick Iluth and Co., to the order
of the Provisional Commission for Venezuela in London.
This amount of 5,1541. 6s. 2d, completes the dividend of last
October, thus leaving only the last April dividend unpaid,
which will be remitted in partial sums by every packet,
until completed. Government would have felt very happy
if it could have found the means to remit the whole of the
dividend due; but not having succeeded, and wishing at
the same time to meet its engagements, it has resolved to
send the amount in smaller sums by each packet, and thus
liquidating the due dividends within a short period. Please
to acknowledge the receipt of this letter, with the above bill
of exchange, and also to apprise the committee of bond-
holders of it, for whose security government will always be
most anxious to fulfil its duties towards them.—l am, Itc.
(Signed) PEDRO C. GELLINEAU.
To Baron De Goldsmid, and the other Gentle-
men of the Provisional Commission for
Venezuela in London.
The intelligence received by the Orinoco has been
regarded with more than ordinary interest, both by
the bondholders of Mexico and the large commer-
cial interests connected with that republic, as publi-
cation has been given to a telegraphic despatch
stated to have been received by Air. Clifford, the
British vice-consul, at Vera Cruz, notifying that a
new revolution had broken out in the metropolis.
The effect of the news on Monday was an immediate
fall of 21 per cent. in the price of the bonds, but
they speedily recovered 1 per cent., and have since
shown further symptoms of a rally. The private
letters received by this mail, and dated the City of
Mexico, two days prior to the date of the alleged
outbreak, have consequently been perused with
anxiety, but they afford no indication of any re-
volutionary movement being anticipated, and
it is the impression in the beet informed
quarters that the reported revolution will prove to
be merely one of those partial and aimless ebullitions
of rpular discontent so common in Mexico, owing
to the imbecility of the government and the absence
of a military or other force sufficient to preserve
order. Although the intelligence is discredited, how-
ever, some degree of anxiety is naturally felt, and
the next advisee will be impatiently expected. From
the private accounts we glean many particulars of
interest to the English bondholders. The question
of the tariff was still before the legislature, and it
was believed that considerable modifications of the
existing rates would be made. With respect to the
dispute between the English and German houses
at Vero Cruz and the government, it appears to be
the opinion on the other side that the mer-
chants, although they have resisted the pay-
ment of the duties since November last,
will follow the example of the French and Spanish
houses, and pay them under protest. As regards the
amount of duties that had accrued applicable to the
payment of the dividend on the English debt, the
bondholders remain uninformed. The committee
state the bondholders proportion of the duties at
Vera Cruz (which of course does not include those
receivable from the English and German firms), at
152,325 dole.; and as these houses are large im-
porters of goods, this sum woul I probably be doubled.
A large amount has also accrued at Tampico, Mato-
morns, Mazatlan, San lilac, Acapulco, and other
ports. By the next packet it is hoped Mr. Falcon-
net will transmit an exact account of the amount
accrued and expected to accrue applicable to
the July dividend. Several circumstances are de-
tailed indicative of &desire on the part of the govern-
ment to keep faith with the foreign creditors, and
amongst others satisfaction is expressed at the
prompt restoration of the 15,000 dole. improperly
appropriated by one of the custom-house officials at
Mazatlan, as detailed in the correq ondence of the
committee. The government, however, is avowedly
in a most difficult position, and much will depend
upon the course of events during the next few
months. The bondholders will be dissatisfied at learn-
ing that the secret committee of congress has reported
against exempting from duty the two and a half
million of dollars of the indemnity money, but they
at the same time recommend that the amount of the