The Express.
London, England, 1849-03-22 00:00:00

MONEY MARKET.

WEDNESDAY REINING.
Console opened this morning at 91; to and gra-
dually advanc. d to 91t, closing firm at 91; to t for
the eecount, and 911 for money. Improved quota-
tions from Paris influenced the market, and the news
from India relieved the anxiety that has been felt
regarding the position of Lord Gough, who is
clearly able to hold his own until the arrival
of the expected reinforcements. The message of
the American President also gave great satisfaction,
and tin se circumstances combined to shed an im-
proved feeling over the market, and the large remit-
tances announced by the Dee, amounting to above
two millions of dollars, had a!so an effect on the
price of English securities.
Bank Stock is quoted 1961 for the account. Ex-
chequer Bills of June, 38s. to 41s. prem:um ; and
India Bond., 503. to 51.. premium. The Three per
Cent. Reduced and the New Three-and-a-Quarters
being shut, we have no transactions to notice.
In the foreign securities there has been great ac-
tivity, and in the South American stocks everything
marks higher to-day. An arrangement is understood
to have been made by Messrs. Manning and Macin-
tosh, at Mexico, under which 500,000 dollars ere to be
paid over to the bondholders in anticipation of the
Custom-house receipt.. This payment has been under-
taken as an exchange operation by the houseof Messrs.
Baring Brothers, and Co., who have negotiated the
amount for the United States Treasury, as an instal-
ment of the indemnity contracted to be paid to
Mexico by the United Stet F. This had a favourable
influence on Mexican Bonds, and they rose rapidly
from 281 9 to 311, at shich they closed. Peruvian
Bonds were done as high as 60, and Buenos Ayres
at 40. Spanish were bette- than yesterday ; Active,
161 to 17 ; and Three per Center., 291 to 30. Portu-
guese, 26g. Dutch Two-and-a-Half per Cents. were
done at 471; and the Four per Cents. at 77t, elating
at three pricer.
The Ceylon accounts show activity in shipments of
native coffee beyond the correrpanding reriod of last
season; the shipments of plantation rather lees:
prices had advanced ss. per cwt. in consequence of
the favourable advice. from this side. The aggregate
shipments of the season will not be equal to those of
last year, particularly of native coffee.
The following statement, prepared and condensed
from various official returns, will be found to present
an intelligible view of the note circulation of the
United Kingdom, and of the coin and bullion held by
the banks indicated, both positively at the date of the
accounts lest made up, and comparatively withreturns
for corresponding periods.
The aggregate average of the note circulation of
the United Kingdom, according to the returns last
collectively completed for all the banks of issue stood,
for the four weeks ending the 24th of Feb. last, as
follows :

- - -
Dirk of England ..-.....- ..... £18,393,976
Private banks 3,567,312
Jalitalook 2,591,148
hietanks .........-- ...... .. ..... .. ............ 4,360,080
Ilsoidk beim 2,952,177

Total drooled= weekly average £32,054,691
For dm tour vie= endiag lan. 27 32,190,805

Dialyses FA. 24

A 138,114

The decrease was thus composed on bid :nee. : Bank
of England, more, 176,6101.; private banks, less,
84,0701. ; joint-stock banks, lees, 33,3001. ; Irish
banks, less, 114,6591. ; Scotch banks, less, 80,695/.
The fixed issues of the pr:vate banks being
4,815,4561., it follows they were below the amount
1,248,1441.
The fixed issues of the joint stock banks being
3,409,9871., it follows they were below the amount
818,8111.
The fixed issues of the Irish banks being 6,334,4941,
it follows they were below the amount 1,794,4141.,
with specie in hand to cover issues for 1,678,9301.
besides.
The fixed issues of the Scotch banks being
3,087,20 W., it follows they were below the amount
135,0321., with spec'e in hand to oover issues for
1,032,0831. besides.
The average of coin and bullion held by the Bank
of England during the four weeks ending the 24th
alt, was 15,269,2801. ; increase on the preceding re-
turn 254,5271.

The avenge of specie held by the Irish banks du-
ring the same term was 1,678,9301. ; increase on the
previous return 33,4671.
The average of specie held by the Scotch banks
during the same term was 1,032,0831. ; increase
18,1791.
The yearly comparison shows the following dif-
ferences in the circulation
Lek or ler
!Web Ye. Ism 65,829
&lot ....... e 79,087
Sesta Le
IriM toms,

901,768
Naiad Mat doe lamb 79,067

Dwane gig'', yule as We _ _ £822,675

The coin and bidlion compuri,on stands thus :
Bank of England. more. Feb. 94, 1849 £930.045
Irlei sad &Mob banks, lees 87,680

Imam a lama Feb. 24,1849 £842,162

We appen4 the correspondence received from the
committee of Spanish-American bondholders :
10, New Broad. stratmews, March 21, 1849.
811.—We beg to hand you inclosed, for the information of
the Committee of Spanish Bondholders:—No. 1. Copy of a
letter received byte this morning, via the United Stat s, from
Messrs. Manning and Mackintosh, dated Mexico, thel3th Fob.
No. 2. Copy of a letter addressed by us thereon to Messrs.
Baring, Brothers, and Co. And Ne. 3. Copy of their answer
thereto.—Tlie mail, now daily expected to arrive, will doubt-
less bring us farther information on this matter, when we
shall_proceed to communicate with Mears. Baring, Brother,,
and Co., and will inform the committee of the r, suit thereat.
We remain, &a,
Robi (Signed) JO= SCHNIUDIS and Co.
0. R. nson, Beg.

n have

The Committee of Spanish American
received the following letters :
Mexico, February 13,1849.
Sia,—Sioce wfit int/ Our letter of yesterday! clechrentances
have come to our knowledge which induce us to believe that
en arrangement may be at owe effected Ise the delivery in
London of the equivalent of the 600,000 dollars referred to in
said letter; end we address Messrs. John Schneider end Co.
on the subject. We remain, &a.,
(Signed) MANNINO and hisexthrosw.
G. R. BoWnson. Req.
• This ktter ham not yet been received.
Copy.—No. 1.
Duplicate, via U.S., original per steamer.
Mexico, Februery 13, 1849.
Masers John Schneider and Co., Leedom.
Dear Sirs,—lt being very d•sirable that an arrangement
should be made et once for the delivery of the equiveler t of
the 500,000 doh, to be received for account of tho bond-
holders, as explained to Mr. Robinson in our letter of this
date, and baying reason to believe that Messrs. Baring,
Brothers, and Co., may be induced to assist in accomplishing
this object, we beg to hand you the enclosed letter fur those
gentlemen in reference thereto,
And remain, dear sire, your obedient Servants,
(Signed) Memento and hikes:escrow'.
Copy.—No. 2.
10, New Broad street-mews, March 21, 1849.
Messrs. Baring, Brothers, end Co., Bishoposte-street.
Gentlemen,—Enclosed we beg to hand you a letter which
we have this day received from Messrs. Manning and Mac-
kintosh, of Mexico, addressed to you, and we beg the favi ter
of your informing us if you are ready to make to us the pay-
ment therein referred to.
We remain, gentlemen, your obedient servants,
(Signed) JOHN SCHNEIDIR and Co.
Copy, No. 3.
Bishopserete-street, March 21, 1849.
Meter,. John Schneider and Co., New Broad-street.
Gentlemen,—ln answer to the inquiry c i.tained Ito your
letter of to-day, we have the honour to state that, in con-
formity with the desire expressed ie the letter to us fn m
Meters. Manning and Mackintosh, of Mexico, dated 13th of
February, we are ready to confer with you on the subject of
the delivery to you, as agents of the Mexican bondholders, of
the equivalent of five bun& ed thousand dollars, and if, as
we hope, the matter can be brought to a satisfactory conclu-
sion, we shall hold the cum in question at your disposal
against the delivery to us of the requisite receipt. We annex
copy of the letter of Messer. Manning and Mackintosh, of
13th Feb , and have the honour to be, Gentlemen, your
obedient servants,
(Signed) BARING, BROTHERS, end CO.
Mexico, February 13, 1841.
Mears. Baring. Brothere, and Co., London.
Deer Sirs,—Messrs. John Schneider and Co.. who will
have the pleasure to hand you this letter, will inform you
that an arrangement has been made here far the payment to
them, as agents of the bondholders, of the sum of five hun-
dred thousaad dollars, and es it is desirable that measures
should be taken for the delivery in London of the equivalent
in sterling money, we shall be much obliged by your con-
ferring on the subject with those gentlemen, and, if pot-
Bible, forming some plan for obtaining the object in question ;
and, in the eveut of the matter being brought to a satisfac-
tory inclusion, we have to request that you will be so god
as to obtain from said gentlemen a receipt in duplicate for
the amount delivered to them.
We rem sin, dear sirs, your ohedt. note ,
(Sigaed) MANNING & MACKINTOSH.
The following requisitions have h: en sent to the
Indian government by the secretary of the Agra
United Service Bank :
1. A power to enable the bank to sue and to be sued in the
name of the secretary of the company for the time being, et
itehead office, end in the names of the duly appointed agents
for the time being of its several branches in India, namely, et
Calcutta, Madras, end Bombay.
2. A power restricting the liability of the proprietors to
the amount of the share or shares held by each respectively.
3. A peer authorising the Governor General of India in
Council to appoint (from s list comprising, at the head office
six names, end at each of the branches three name., such
lists being framed by the directors of the Bank for the time
being) two directors at the head office, end one member of
committee at each of the branches, in addition to the
ordinary number of six directors elected by the proprietors,
and in the case of branch committees to the members nomi-
nated by the directors; such additional directors and com-
mittee men b ing, In virtue of such appointment, considered
thenceforward as directors on the pact of government, and
vested with all pewees and privileges appertaining to such
office the same as if they were ordinary directors chosen by
the proprietors at large.
4. Th it, whereas at present, in particular rases, the Bank
is subjected to a double or doubtful jurisdiction, of the
supreme courts of judicature et the presidencies on the one
hand, and of the company's courts in the Mofussil en the
other, some new legislative revision be made, whereby it
may be secured from the consequences of such anomaly and
injustice; for instance, that it be subject at the presidencies
to the jurisdiction of the supreme courts alone, and where
located in the Mofussil to that of the Mofuseil courts only,
or at least that, after having satisfied the decree of one court,
it shall not also be subjected to the power of the other.

ENGLISH FUNDS.
I per Ct. Gus. Anna. 91414444 as eneguer 111111, CUM. PI., June.
India Ikeda £l,OOO, 61 50 41 38: 14d, March. V 7
Bank Sleek for Amt.. 194; 6 Ditto. D.OO. 2d, Juno 41
• foe Acct., 911 i 1 1111 Ditto, Small, 2.d„ June, 41 lid..
March, 30
FOREIGN FUND&
6 per Cl. DrILTIII4I Eds., 82 3 6 per Cl. Spanish Bends. Acct..
6 per Cent. Buenos Ayres Bonds., March 30, 164
24 40 3 per Ct. Spanish Bond., nest,
er Cent. Equador 134L,31 March 30_, 284 94 30
kr; BM., 11 24 per Ct. Venezuela 284 IS 84
Ditto Amt.. 2849
• Cl. liezkaa, 1846.30 f 14 11 Ditto Deferred, 84
Ditto Amt.,
14 March 30.26119 304 5 per Ct. French Recta, 83f. Es.
I 394 . Ilsc.
6 per Ct.. Peruvian Ede, (10 Hi 24 yen Cent. Dutch Exchange, 12
4 per Ct. Perineum° Bile., NI GO.. 474
5 per Cl. Russian BM., UM sit., 4 per Ct. Dutch Cart., 771
10.2