The Express.
London, England, 1847-07-30 00:00:00

MONEY MARKET.

THesaDAY EVENING.
As might have been expected, the stock market
was nearly deserted to-day, from the excitement of
the election, which became more intense when it was
ascertained that in result the struggle on the conser-
vative side was reduced to the chance of carrying
only one candidate, Mr. Masterman, whose majority
would, of coarse, have set aside either Sir (1. Larpent
or Baron Rothschild. The latter gentleman was
naturally much sympathised with, as having many
Mends on the Stock Exchange. His success at the
close of the contest was, therefore, hailed with pro-
portionate satisfaction.
In the absence of the more considerable and influ-
ential operators, some purchases of Consols were made
by a broker, known to act for parties out of doors,
and whose transactions in the same direction were of
considerable extent in the last account. This raised
the prices to 881 to money, and 891 to for account,
at which rates they left off. Reduced Threes, 89,1 to 1.
Three-and-a-Quarter per Cents., 901 to 1. Long
Annuities, 9 k to 3-16. Exchequer Bills, Bs. to 11s.
premium. India Bonds, 3s. to Bs. premium. Bank
Stock, 196 to 8 ; India Stock, 243 to 5.
Some few quotations denote that business was not
quite extinct in foreign stacks. The quotations may
be taken therefore nearly as before. Dutch Two-
and-a-Half per Coats. were rather lower, however, at
571 to 1 ; the Fours, at 901 to Spanish were
in decline also, the Fives at 214 to 2 ; the Threes at
31 to 3. Portuguese, 303 to 14. Mexican were
worse, at 19 to 3. Chilian were 92 to 3. Russian,
1111 to 121. Other foreign stocks as before.
The rate of exchange from New York by the
Caledonia conies at 1061, which is decisive against
any present exportation of specie as an affair
of profit. Private letters represent an extraor-
dinary
sew harvest of bread-stuffs, not so much
in quantity as measured by bushels and quar-
ters, although then in considerable surplus above the
great yield of last year, as in substantial quality as
estimated by the weight of grain. From the samples
of the new crop at market, and of the estimates gene-
rally made, the new wheat, it is said, would weigh
from 62Ibs. to 631bs. to the bushel. As large stocks
of the old crop were on hand, it would appear that
the prices of grain are likely to rule low, although,
notwithstanding the splendid weather here, and the
'abundant harvests already leaped in the more southern
I and temperate climates of continental Europe, some

considerable quantities of grain will probably be still
required before the new crops become prepared for
use in proper condition.
These letters from the United States express un-
easiness about the immense expenditure going on for
the prosecution of the Mexican war. The American
government, it seems, was rendered so anxious on
this point as to have offered much more fa-
vourable terms of peace to Mexico than were
contemplated, or proposed, on the commencement of
hostilities. The correspondence from Mexico, by this
arrival, which however is scanty, and only from the
coast, intimates that the issue of the straggle is by no
means despaired of. Santa Anna, reinstated in full
power, is described as indefatigable now in preparing
the means of defence, in which he in seconded by the
popular voice, whilst, on the contrary, President Polk
finds it difficult by enlistment, or by state volunteer-
ing, to obtain the reinforcements necessary to enable
the American commanders to push on their successes,
or maintain their position.
The inference naturally drawn from the premises
in these letters is, that an immense expenditure is in
progress, the amount of which cannot bo presently
calculated, as eo much must lie over for future liq
n uida-
tion, but which cannot fail to result in financial em-
ba:a/laments for the United States. For the promo-
tion of peace, it will be of consequence that no
facilities should be accorded here therefore for supply-
ing funds to the American government, in the way of
subscribing to or taking any part in its public stocks
and loans.

Per anticipation we have come proof sheets of the
Banker's Magazine for next month, principally re-
lating to " future prospects" economical and mone-
tary of the country. The subject may be referred to
hereafter.

51350161/111 tr7fDsl.
But Stork. IN*, 9 7 I loofloPicak,7ll
2 pet Cl. MK Pm., Nl* ledia !Dods. under 51,C0e, 3
1 per Cl. Cowls Aar., 111 * Ooneolt for Ant , net 9 1
17777 &I 957 C. &11.4.. 90i I 501 M. DUP. SI A. la.. II I II
Lae Au.. exp. Jo. 6, 1240,9 1.16 Ditto, L6OO, 11 10
1 111 Ditto. 9.22.11 II 15
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pot Ct. Chinas D00d0;1425 2 V 6iw Ce.4l. 114.13 a Boada, 2323.
pot Ct. Date la Excliaato 12 OWL. I d Bt, 1115
341 i 25 Dee Ct. Dutch Eachatoge 12 GU..
3 oar Ct. Mexico; 1414. IS 375
Ditto. Aft... A.oxott 11. 105 I 4 per Ct. 41tto C. 11101144, DI
I par CC Gouda Dattive.4l

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