The Express.
London, England, 1849-07-12 00:00:00

MONEY MARKET.

WEDNESDAY EVENING.
The English funds were xi ry steady throughout
the day, and although the busitti sa done in them was
not extensive, yet there was every indication of much
firmness with a disposition to advance. Consols for
account opened at 92i, and gradually improved; the
next operation being marked at 92, and the last at
92:. They are noted for the close at 92 to I
firm.

For money, Cotsols were done at 92:!, they then
declined to I and were last marked at 921. Thu
Three per C;3t.. Reduced acre transacted at 922,
922, and 921. The Three and a Quirter par Cent.
at 931, „, and la-t at 93i„
The very easy state of the money nisrktt, and the
difficulty of finding better or Barer employment for
capital in any other way, have no d mbt contributed
to the advance in the value of Exclequer Bills; they
were negotiated at 475. and 61s. premium. Bank
Stock is also better ; the transactions we,e at 1961,
61, and 197. Long Annuities, at 8 11-16 and 1.
India Bonds at 78s. premium; India Stock, for
account, at 255. . .

In the foreign securities, Buenos Ayrean Bonds
were actively dealt in, and they advanced to
441. The Dutch and Russian Steck. were
also done at an advance, but not to any
amount. Spanish Fives were a trifle lower. The
other stocks which were dealt in to-day in
most instances mintained full pricer. Burnes
Ayres Bonds at 441, 44, 1, 431, and, last, at
44.1. Equador at 31. Grenada Deferred at 34
and 1. Mexican, ex coupons, at 281 for money, and
284, I„ 27Z, and 281, for account. Peruvian Four
per Cent. Active, 1849, at 511 and 52 ; Ditto Deferred,
at 14. Portuguese Five per Ceuta nt 79 ; Ditto Con-
verted, 1841, at 281. Russian, at 1071. Spanish
'Fives, for account, at VIZ, and I ; Ditto Passive
Bonds, at 34 ; the Tlnee per Cents for Ac-
count, at 341 and I ex div. Belgian Four-and-a-
Half per Ceara., at 84 and 85. Dutch Two and-a-
Half per Cents. at 51 and I for money, and 51 for
account; do. Four per Cent. Certificates at 79!., and
80!, for money, and 801 for account.
The news received by the steam-packet Cambria
from Halifax and the United States has given
general satisfaction in commercial cireks, though
it presents in its details no vely striking
feature from that of the previous week.
A summary of the markets was given in our
impression of this morning, the substance of which is
confirmed by private lettere, which add no other in-
telligence of the least importance. The rise which
had taken place in most of the United States stocks
and other eligible re cnrities was attributed by some
to the influx of gold from California, and by ethers
(we think with more show of reason) to the con-
tinued large investments in them for European ac-
count. The__ last_ transactions errs. in them on the 2fith
June were at the following prices paid :

C. S. Treasury Notes, 1164 to 117 inn° Life and Trust Company,
U.S. Biz per reale., 1868, 1164 91i to 95
Ditto, 11467, 117 Farmers' Trust Company, al
Di:to, 1662, 112 to 414
U. S. Five per Cents., 1553, 1014 Harlem Rail Company, 50
New York Mate biz per Cents., Long Island Rail. Company, 234
1665, 111 to
New York Water Loan, 1870, Reading Itail. Company, 354
1004 Erie Rail. Company, 614 to
Die Keyes per Cents., 102 Utica andSclieneetady PAIL Coen.
Erie Banda, 914 puny, 1211 to 124$
Reeding Bonds, 65 I Canton Company, 414
Bank or America, 104
The following were the current rate, of freight :
To Liverpool :
Cotton, square balm per lb,
Beef and pork, per Heise
Ditto, do., pee bunt
Flour and meal
Heavy goods, per tca..... .......
To London :
Tobacco, per hogshead
Flour, per barrel ls. ed.
Measurement goods per ton 3OB. 04.
Heavy mod., per ten 3OB. M.
Beer and pork, per times 65. ed. to 68. Od.
Ditto, do. per Ming 2.. Od.
The rates of exchange were :—On London, 1081 to
109 per cent. premium; Amsterdam,
.391 to 40;
Hamburg, 351 to 35Z; Bremen, 76 to 78,1; Paris,
5.30 to 5.311.
The Crescent City steamship, which arrived at
Now York on the 23d ult. from Chagres, New
Orleans, and Havana, had brought nearly half a
million dollars, in specie and gold dust, on freight,
together with large quantities of the precious metal
the property of the paestngere. Among them were
several of the engineers, who had been en-
gaged in the serve y of the Isthmus of
Panama, with a view to the formation
of a railroad across. It is gratifying to find that
their report is sufficiently encouraging, as regards the
practicability of the undertaking, to hold out a pros-
pect of its completion before long ; and that a Com-
pany was actually in course of formation at New
York for that purpose, and a meeting fixed for the
following day. '1 he New York Commercial Adver-
tiser of June 26 furnishes much valuable information
on this subject, from which we extract the following
interesting particulars :
Among Me passengers wits arrived by the Crescent City
from Chagres, on Saturday evening, were some of the
gentlemen who have ben engaged in the survey of the
Isthmus, with a view to the construction of a railroad from
Chegrea to Panama. We understand that their report is
most favourable. There are no natural difficulties on the
route which cannot be easily surmounted, so that the road
in its grades. curvet, superstructures, and met of construc-
tion, will at its completion compare advantageously with any
of the roads which have heretofore been built on the con-
tinent.
The importance of this road to the mercantile interests of
the world, and more particularly of this country, can scarcely
be exaggerated ; for it seems destined ultimately to work a
complete revolution in the course of the trade with the
western shores of this continent, the Wands of the Pacific,
and the far off countries of the east. We are not sanguine
enough to suppose that the new route will monopolise this
trade; that ships will no longer pass around the Cape
of Oood Hope or Cape Horn, richly freighted with mer-
chandise, the products of the Orient or the Occident, but we
do believe that it will secure such a portion of the trade as
will astonish the most hopeful, and bring a rich return to
the sagacious enterprise which has planned, and will cow
plots, this new channel of communication.
Lines of steamers are already established from the Atlantic
sad Pacific termini of the portage ; and these, with others
which will ',,be hereafter established, will shorten the time of
cemmunication with the countries of the Pacific and the
eastern shores of Asia from one-half to three-quarters.
While beery inardmailin will probably go as hentofore,

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