The Express.
London, England, 1851-05-16 00:00:00

We are requested to state that Mr. Payne is not
aware that his government contemplate the negotia-
tion of any loan. We arc likewise requested to state
that the Mexican certificate for the 2.540,1X)0 dollars
has been lodged in the Bank of England in the
name of the Chairman and Deputv-Chawman of the
Committee of Mexican Bondholders. At an early
period the acceptance by the American government
of the certificate will be known, and it will then be
in a state for immediate negotiation on favourable
terms. The instalment of the indemnity money will
be due in May of next year; and as there is no
question of its being paid, the certificate may in a
good state of the money market be negotiated for 4
or 4i per cent., or not exceeding 5 per cent. If so
negotiated, the funds will be immediately divisible,
and the half-yearly dividend will be paid about the
same time.

There has been a good deal of activity, in the
American stock market during the week, and prices
are generally better. Messrs. D. Bell, Son, and Cu.
give the following as the present quotations, to
which we have added the latest New York prices,
as reported by Messrs. Cammann and Whitehouse:

Lemke New York
Redeemable. prieria. laden.
Malted States 5 per Ct. 13da.... 1+53
Do. G per Ct. Weds - 113
Do. 6 per Ct Bonds IVA
Do. 6 per Ct. Stock
New York City 3 per Ct. 1t... 1933.1.70 .. 90 91
Radon City 3 per Ct. lids. ... 16344364 .. 92 93
Cenn•ylvanla 3 per Ct. Stock .
Obi.. 6 per Ct
Marsaebusetta 5 per Ct. (eMr-
line borKts)
Maryland S per Ct. (sterling
bombs)
Canada 6 per Ct. Boo& 1974

On Wednesday the rates of continuation were more
moderate, hut yesterday they generally ruled higher.
Thus, in Midlands, quoted at _, the continuation ad-
vanced: yesterday to Ito 1. These rates must not be
assumed as absolute rates of interest, as, although
partly dependent on the supply of stuck, they chiefly
depend on the character of the parties dealt with.
The following arc the rates of continuation per share :
Per share.
_ _ _

London and worth Western
Great Western

Midlands
York and Newcastle
York and North Midlands
Lancashire and Yorkshire
South Western
Great Northern"
Eastern Counties
South Eastern Counties
Brighton
North Staffurds.

Shrewsbury and Birmingham
Aberdeen,
Ambergates

ri6
1-16 4-16
1-32 1-16

The continuation on French shares Yariel Par-
ties in good credit obtained money at i per cent.,
but others had to pay from 1-32 to 1-16 per share.
The extreme prices at which business has been
done in railway b hares during the account which
expires to-day arc as follows :
---•-••••••
Prices during the Account.
Paid. WOW. Lowed.
SO Atierueun
50 Caledonian III
50 Cheater and Holyhead 24
20 Emden Counties...
.!..

33 East Lanavhire ... 171
30 Ediabu•gh and Glasgow
23 Great Northern - ls
PO Gent Western SSA ..
100 Lancashire and Yorkshire
Ili London and Blackwell
100 Landon, Brighton. and South Cont... 96
100 London and North Western l4
100 London sad South Western ll _ 94
ISO blunchester, shefileldolkLineolnsidre N' ....... .......... it
lea Midi old s6 ... ..... ..»11
23 North British .. .............
171 Sixth Staffordshire
30 Ostord.Worenter. &Wolverhampton IT
131 Shrewsbury and Biraingbarn .
1 30 South Eastern
23 York, Negress** 11 Berwick 22
SO Tors and North /annual
The traffic returns for the last week on the under
mentioned English lines of railway, as made up to
yesterday, are as follows:
London and North Western.... £45,524 .... £46,959
Great Western
Midland
London and South Western 10,355 .... 9,170
Lancashire and Yorkshire 15,410 .... 13,136
London and Brighton
South Eastern
York, Newcastle, and Berwick 13,965 .... 12,896
York and North Midland
Leeds and Think 924
North Staffordshire
Manchester, Buxton, Matlock,
and Midlands Junction
Shrewsbury and Chester 1,856 .... 1,689
Manchester, South Junction,
and Altrincham 447 .. • • 384
Bristol and Exeter
South Devon 1,922 .... 1,780
Eastern Counties and Norfolk 14,221 .... 14,643
Chester end Holyhead 2,634 .... 2,632
Great Northern 10,313 .... 3,686
London and Blackwell
The total receipts on the above lines being
193,8841., in 1851, and 178,258!. in 1850, the increase
is shown to be 15,626 L, or 81 per cent. The number
of miles in 1831 was 3,737, and in 1850, 3,5181,
@belying an inmates of 2381 miles, or 61 per cent.

1831.