The Express.
London, England, 1847-01-08 00:00:00

COMMERCIAL 4. MARKETS.

MONEY MARKET & CITY INTELLIGENCE.
Hail-put Two o'Clock.— There was some improve-
ment is the funds in the early part of the morning, caused
b purchases of Consols to some extent. They advanced
114pala them to 931 to j - but they have Owe receded to, and
T'alld"Pei 931 is for wan Vmdeocount. Exchequer
ilk, e Is. to 4e. preedese.
The extraordinary intelligent* from Mexico, by the Clyde
steamer, that Santa Anna had thrown overboard the late
decision of the Mexican government, by which the decree in
antiullation of the conversion of the foreign debt was with-
drawn, and declared himself again, as from the lint,
against any acknowledgment of that opera ion,
created quite a confusion in the foreign market,
shortly before the close of business yesterday. The
bonds rapidly descended from 25 to 241 to 1, as the regular
hour of business arrived. They were done ehortly after-
wards as low an 23, but left off 231 to 1. The transactions
have been extremely active ,all this morning, so, in some
quarters, Santa Anna's letter is not read in the same conclu-
sive light, and, as it is contended, does not absolutely imply
a resolution not to enter into any arrangement of the business,
The bonds, however. have recovered but slightly upon this
more favourable construction of the matter. They have been
231 to 1 all the morning, but are now quoted rather better
at 23$ to j. It would be ageless to offer any opinion
as to the result in which this curious complication of affairs
may terminate, seeing that decisions change so rapidly in
Mexico, :ncl that the first act of each szccensive finance
minister has been to undo what his predecessor may
have dons. This versatility of conduct and principle
leads to the unhappy conclusion that morality sits but loosely
on the officials of tke republic, however it may be with
the people. It will probably come to par in the end that
the affair will be determined by some prodigal corruption, in
the shape of larger pecuniary regains being administered to
the cupidity of needy ministers.
However this may be, the conduct of Senor Murphy, late
Mexican Envoy here, is giving rise to some animadversion.
He offers no explanations of a business concluded under
his own auspices, and, it is said, hos not yet given up
his papers to the functionary appointed to succeed
him, but has refuses' to do so, although he has re-
ceived his letters of recall, affecting still to consider him-
self envoy, according to the reported proceedings in one of the
law courts lately, in which his lawyers pleaded his diplo-
matic privilege in bar of an action for debt against him.
In other foreign securities we have little doing. Spanish
Fives are 261 to 1; the Threes, 361 to I. Portuguese, 37 to 9.

..b St or 3, 104
per a Ppd.. ell
1 per Cent. OPPeolr. 14 I

per -6;.:Cnneelr Mr Acct I
3P per Geer*, 9.y f
Excite/Leer MY, 11.. Ile.

S per Ct. Austrian Boobs. 914 ----
I per ZeUt. Orem.* MN , 114161
4e pot C. Ireigian Dona., 96 4 Grenada leferrt4 991. 11 I
24 per CNN. ditto, 3 per Ct. K 63333.11411,244 I
6 per C. Dralllllan Hda..117 9 6 per Ct. Peruvian Bin. 314 NY
Ditto Nen, 34 4 Portueuese C 0.,. Ms., Si 91
4 per C. nriesos Ayer* 314, 46 4 it per Ct Dosalas BM .110 IS
Ditto MINA BY, IN 4
D tto Colsrali. DH. Dee, —• Ditto apaeish Has. 269
Di 4
3 per fl. Awns% 3666 .it 1
cm...Ai. Enuodor MA. $4 i . Pitasiali Deferred 1141..,17 6
2 per Ct. Dean& Bee, N 6 I Spent. It Praise Bea., 41
Ct
ff per C. Delta ND.. II I 2 per Cl. Ct. newer/seta Ms., 914 104
4 per Cr. Dlncit Celts..lo9l 1 Vesta/seta Deterred DU. 11e 12