The Express.
London, England, 1851-03-11 00:00:00

RAILWAYS.

THIS DAY.

Two o'CLocx.

The share market has again recovered from the
partial feeling of deression noticed for a day or tw•o
past. The tone to-day is very firm, and prices arc
again buoyant. Many descriptions have experienced
a further advance, including Ambergates, East
Anglians, Lancashire and Yorkshires, Blackmails,
South Easterns, York and North Midlands, Shrews-
bury and Birminghams, and Caledonians. Business
is scarcely so brisk as of late, but a good demand is
experienced, and the market wears a very improving
appearance.

MONEY MARKET.

THIS DAY.

Two o'CLocx

The general feeling. of the stock market to-1y is
better, and, though prices were held in check during
the earlier part of the morning till the arrangements
for the settlement of the account had assumed
a more definite aspect, immediately on the
bulk of the balances being adjusted a rise
of„ took place, at which improvement the market
Seems steadily maintained. The settling, so far, has
progressed satisfactorily and quietly, with the " con-
tinuation "to the 111th of April riding at „. An ad-
dition support has leer afforded by another purchase
of Consols on account of the Sinking Fund.
On the whole, the deulin;ps have been rather
more numerous and important to-day; but this is
only what was expected, as the transfer books of
many of the home stocks will close to-morrow (Wed-
nesday), us already advertised.
Consols opened at 90 tot for money, and about
96 for the 10th of April, and are now quoted
better at 901 to for cash, and 90. a to for time.
The following are the prices of business : Three per
Cent. Consols, 96!., ..!; ditto for Account, 10th
April, 964. Reduced Three per Cents., 974,1. New
Three-and-n-Quarter per Cents., 994' 98;0 1191. Long
Annuities, 1000, 7;1, 13-18; ditto 30 years, 1880,
7 7-10. Bank Stock, 215.

The increase of ease in the money market continues
to be illlustrated by the augmented demand for Ex-
chequer Hills and India Bonds, both of which have
further improved. Exchequer Bills of all sizes mark
31s. and 545. prem., being a further rise of Is.
India Bonds, 1,0001., 535.; ditto under 1,000/., 551.
aud.s4s. premium.

The bUsiness in foreign stocks is exceedingly
small, but the market is firm. There has been some
inquiry for Russian Five per Cents., and the price
has improved. Peruvian stocks maintain extreme
quotations. Mexican Bonds, however, show no signs
of a rally, the unfavourable intelligence from Mexico
continuingtoexercise a depressing influence. The busi-
ness list of the morning is :—Brazilinn Old Five per
Cents., 92;; ditto small, 931. Two-and-a-Hull per
Cents. Dutch, Equador Bonds. 31. Mexican
Bonds, 33.1, 1. Peruvian Four-and-n-Half per Cents.,
1849, for the 14th of March, 144!. Portuguese Four per
Cents., 34. Russian Five per Cents., II 1 ex div.
Spanish Active Five per Cents., for account, 20.
The committee of Mexican bondholders inform as
they have received adviees front Mr. Falconnet,
dated Mexico, the 3rd ultimo. At that date the ac-
ceptance of the decree of the 14th October last by tho
bondholders here was not yet known in Mexico, and
Mr. Faleonners letter therefore contains nothing re-
lative to what the bondholders are to have out of the
American Indemnity money except this passage:
" Had not Mr. Payno's illness suspended my negoti-
ations, I believe that I should have succeeded in get-
ting the assignment of the 2,500,000 dole. on the
indemnity money, deposited in such a manlier as
entirely to remove it from the control of the govern-
ment. Mr. Falconners negotiations with the go-
vernment, generally, had been suspended by Mr.
Payno's illness and subsequent rcsagnment of the
ministry of finance. He is succeeded by Don
Ygnacio Esteva, who had not taken actual charge of
the department at the date of these despatches. Mr.
Falconnet had, however, had an interview with the
new President, General Arista, who assured him that
he would do everything in his power to satisfy the
bondholders. No definite arrangement had been
come to vet with Messrs. Manning and Mackintosh,
but Mr. l'alconnet continues to entertain hopes of
recovering what is due from them to the bond-
holders.

The Severn brings 56,500 dole. for account of tho
bondholders, from the custom-houses of Vera Cruz
and Tampico.
The resignation of Mr. Payno is a matter of great
moment to the bondholders, and its causes are as yet
obscure. Although ill health is in some quarters
assigned, political reasons are believed to have had
more influence. A large party in the senate were
hostile to ltim on account of his measure for the
home debt and the restrictions of financial credit,
and be dock not seem to have been adequately sup-
ported by the new President Arista. At any rate,
there was at the last date a crisis in the cabinet, nor
does it seem certain that Esteva, the new minister,
is pledged to the policy of Puyno. The hankering
of the Mexican officials after the indemnity money
is well known, and the condition of the western pro-
vinces excites the most serious alarm. The state of
Old California has made a claim fur 2,000,000 dais;
out of the indemnity money, threatening recourse to
the United States, and the neighbouring border pro-
vince of Sonora has made a vast grant of lands for
American purposes, against which the central govern-
ment and Mr. Doyle, on behalf of the bondholders,
have protested.
The news of the ratification was received out at
Mexico on the 4th February by Messrs. Lizardi by
the way of the United States.
_ _

£NOLI9U VU/41164.—Tews DAT.
Ilmtalt SOL*, 215 16 13 ple Ct. Ur. AM. April 10. 264 2
3 Or et. Red. Anna. 619 I 31 i“4 CY. 89 4
3 per Cs. (len. Awes.. 6,66 4 le.xetwOuer 1511 .51.. to 64e.
40161410 N VIINIPM.
6 per et. A u.trtnn Walk 1 per Ct. Grenada Bde.. 174 154
44 Poe Ct. Meg. lloods. 91 3 °mewls I..fe‘ree4 ilde., 4 4
241.:r Cwt., & Kr Ct Mee. 114.... 334 44
6 p..r Ct. 1117.111. Mo., 93 4 IN:met= Ude. (4 5
Ditto New. 91 3 Purtutuck euuverted 334 44
4 low rt. Ittaen.4 Aire; &.3 6 6 1... w 0.. 1t.e.... 11 w.. 110 12
I or et. Chlluut ltd., 191 7 I::ite Siwall.t. ade., 195 293
Ditto Columb. MA Ks, 3 tar CL Spanish 13d5.,.173 93
Chltnnl.laa Equa.lor /145.. 39 4 1.... 100.4,4 lid.., .-
3 ler Gt. 1/dud. 1141., 78 Su 'Mao Pn.owe 1341.018 a
4 sow .I. Dutch lila. 581.9 114 KW ,L Ventauelo Ma.. 31 3
41. d Ci. 156+ V.... 91 2 11 ,0,6.0 5 ..,.. •.. ...WIS. 1313
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