The Express.
London, England, 1848-07-07 00:00:00

MON El MARKET.

THURSDAY EVENING.
However disadvantageously the revenue results for
the quarter and they ear contrast with those lor the
corresponding periods of last year, and are fur her
0:11 iu arrear of th..se of the pre ceding year of 1846
(which would seem a pole t of fiscal prosperity not
destined to be readily regained), yet, as showing upon
the whole a better face than had been expected, they
contributed to assist in raising still hither the prices
of funded securities. The first quotation of consols
in the morning was 87L or say 1 per cent. above
the last price called yesterday at the official
close of business, and better than the ad-
vanced rate at which bargains were done af-
terwards in unrceo:nised hours. From prices
ascended to 87, at which purchases took place. 'foe
market was all anima' ion, and looking more upwards
when some considerable parcels of money stock
were brought forward for sale, this being the first
day of open transfer, and prices gave way at once. The
extreme decline was to as low as 86, both for money
and the opening, and though occasionally consuls re-
covered to higher level, they finally left off at 87,1 to
ex-dividend, both for money and the opening.
'rho decline commenced, and so also the
sales of stock, about the time it was ascer-
tained that the Bank board, then sitting,
intended to make no alteration in the mini-
mum rate of discount, contrary to the anticipations
on which in part speculations for the further rise had
latterly been founded. Reduced Threes were 871 to
e. Three-and-a-Quarter per Cents., 87,4 to 8. Long
Annuities, 81 to 13-16. India Bonds, ISs. to 21s.
prem. Exchequer Bills, 38s. to 41s. prem. Bank
Stock, 191 to 3.

DiCidend warrants for Console, it may be well to
mention, began to be issued to-day. On Friday pay-
mnts will be made to the banks, and on Saturday
will commence to the public.
A material improvement may be noted in
tho prices of the more solid description of
foreign securities, and business was done in
them with more confidence. Dutch Two-aud-
-a-Half per Cents. advanced to, and were
last quoted at, 45 to 6; the Fours, 69 to 71. Rus-
sian, 95 to 8. Danish, 67 to 71. Brazilian, 67
to 9. Mexican were 17 to 1. Peruvian, 34 to 6.
Chilian, 80 to 2. Spanish Fives, 12 to 14; the
Threes, 22 to 1; Passive, 31 to I. Portuguese, 171 to
181.
A meeting of the creditors of Mr. G. T. Brain,
East India merchant, whose suspension was men-
tioned a few daya since, was held to day at his count-
iug-house, and a balance sheet of his affairs, pre-
pared by Mr. J. E. Coleman, laid before them,
some leading particulars of which, with the
general balance, are extracted below. It ap-
pears from the statements made to the
meeting that, as observed on the occasion, application
bad been made to the Bank of England lor assistance
to the extent of 170,009/., the refusal of which
brought on the stoppage of the house. This refusal
of the Bank was qualified as harsh dealing by Mr.
Horsley Palmer, himself a dinctor, and one of the
persons present, for independently of the large surplus
of assets exhibited on the books of the house in secu-
' reties and commodities, as verified vicariously by the
Bank's own delegates ad lux, the personal guarantees
of several parties of high standing in the Ci y, and of
well known capital, were offend sdpplementarily, but
not accepted. Atter some observations about the
statement presented, and expressions complimentary
to Mr. Brame, it was agreed that the concern should
be carried on under inspection. The inspectors nomi-
nated were, Mr. 'l'. Dent and Mr. Daniel of this city,
and Mr. Bowman of Manchester.

STATEMENT OF TUE AM"
Da.
Accept:woos UDC.>

OF MR. O. T. BRAISE.

Otll7aeL4l;UnCerore7.--..- - -
cured, 110,0% 10 6
Sundry creditor..... 32,831 18 7
yrudtumen'saccount• 2,600 0 0

Bills recelrabte... .4:9,899 10 9
Sundry rooets In
course of reluitaance 94,725 7 7
Surplus of sonrltia
inpolleeseed, &c..
on which advances
bare bean made 113,29) 610
Sundry secusinea Ia
Calcutta and be.
bored in be good.. 66,374 1 11
Dirldenda on bUM .. 1,600 0 0
273,749 7 1
Debts in Chleutts ut,doo 0 0

Lubllity ou eWor- ---
mwu ............ 2.000 0 0

£226,412 5 31
The, Bank of Amster
rates, on the 3rd instant,

darn reduced itAlli• .349moneyi
according to the f0110w-