The Express.
London, England, 1846-11-10 00:00:00

MONEY MARKET.

MONDAY EVENING.
The stock market has beeti somewhat heavy, and
prices not altogether supported. Consols left off 90 to
both for time and money, at which rates they had ruled
during the day with scarcely anything doing. Reduced
Threes, 934 to I ; Three-and-a-Quarter per Cents., 954 to 4.
The government broker took 5,0001. Three-and-a-Quarter
per Cents., at 954, for the savings banks. Exchequer Bills,
11s. to 14s. premium. Long Annuities, 91 to 15-16. The
Chancery broker bought 125,0001. Consols on Saturday for
delivery to-morrow.
The foreign stocks were almost entirely neglected. Mexi-
can, upon a few transactions, advanced to 221, and left off
22 to 1. Many of the unfortunate holders are naturally
anxious to get out of their repudiated stock upon any active
movement in the market, but when real sellers appear the
apparent demand immediately ceases. Brazilian, 81 to 6.
Spanish Fives were 261 to 4 ; the Threes. 371 to 1 ; De-
ferred, 164 to 171; Passive, 51 to 4. Portuguese, 38 to 40.
Dutch Two-and-a-Half per Cents., 581 to 94 ; the Fours,
914 to 21.
ENGLISH TUNDB.—Nov. 9.
_ _ .

Bank Stock, 203 Long Annuities, 30 Sears, expire
3 per Ct.. Reduced Anna, 93} Jan 5, 1860, 10 1-16
3 per Cent. Consols, Anna., 9413 India Bonds, under £1,090, 24
New 34 per Cent. Anna., 951 4 4 Consols for Acct., 941
1860
Long Allll
9j 0.101/2 expire Jan. 3, Er. Bile, Shia*.4
146.04 11 14
to=ll 1

FOREIGN FUNDS.
3 per Cent. Austrian Bonds, 110 3 per Cent. Spanish Bonds, Acct,
3 221 per Cent Brazilian Bonds, 1141 Nov. 16, 264
3rp Cent. Mexican, Acct., Nov. 3 per Cents planish Bonds, Acct.,
16, N0v.16,
4 per Cent. Portuguese Bda., 384 21 per Cent. Belgian Bonds, en.
Ditto, Acct., 39 25 francs, 34t
5 per Cent. Russian Bonds, 1622, 4 per Ct. Dutch Certificates, 911 2
1111 101 Ditto, Bolds 911

EXCHANGES AND groom ABROAD.
liatnim," Nov. B.—(fours AWhentier.)—Three per Cents., 34
money, 34 bills ; Four per Cents., 21 ; Flee per Center, 24 with
the Coupon ; Debt without Interest, paper ; Coupons, 20e. Ex-
amine on Paris, 15 18. Discount, 6 per cent.
Bar w, Nov. 7. Loan of 1840, 100 i ; Ditto, 1844, 98 ; Ditto,
1838, 951 ; Loan of the City, 1843, 99; Bank of Belgium, 925.
Exchange on London, 2.5 f. 63c. ; two months, 25f. 56c.
Merger:an, Nov. 7.—Exchange on London, 2.5 f. 65c.; two months,
2M. 50c.

Ocr. 31.—P1ee per Cents, 108 ; Poor per Oenta., 91;
Three per Cents., 71; Loan of 1834, 137; Ditto, 1839, 127+; Bank
Shares, 1,552.
Banter, Nov. s.—at Sebald Seh. Thrte-and-a-Flalf per Cents.,
93f money.—Foreign Exchanges; Oa London, two

months, 6.221, bills-6.221 money. On Hamburg, 300 marks, 1491
alls--1491 money. On Paris, 300 francs, 70 1.12 money.
HARSIALS, Nov. 6.—Anetrian Eve per Cents.lll bills. Bank Shares,
1570 bills. Bastian English Loan, S per Cents., 108 i money. Ditto,
Hamburg Certificates, 1014 bills-1011 money. Ditto, Ist Series
Inscriptions, 1021 Mlle. Ditto, Hops and Co., 3rd and 4th series, 86
bills. Ditto, in Certificates, 974 New 4 Cents., Hope its.,
161 88 bills. Ditto, &kith:, 871 bills. New 5 per Cents,
161 bills-181 money. Ditto, 3 per Cents, 304 bills.. Dutch actual
Debt, 24 per Cents., 78 hills. Po/M New 4 per Osem Loan, 78 bills.
Danish English loan, 841 bills—Exchanges on London : Hamburg,
Nov. 6, 13 7 ; two months, 13 51. St Petersburg, Oct. 20, three
months, 391 11-16. Stockholm, Oct. 30, 1146.
BRUSSELS, Nov. 6.—Accounts from Vienna of the
29th Oct., state positively that the Austrian government
intends to issue shortly notes to the amount of 25 millions
of florins, which, like the English Exchequer Bills, will
bear interest at three per cent., and may be exchanged for
money when presented at the bank. This issue will not
exclude the plan of a loan at five per cent.

ASSOCIATION OF SPANISH BONDHOLDERS.—Sir,—
There can be but one opinion entertained by the unprejudiced poron
of the public of the charecter of the combined opposition you have to
encounter from the would-be monopolists of the daily press. I trust,
however, in common with the great body of your subscribers, that
you will be enabled to overcome all difficulties thrown in your way
by them, and ultimately be amply rewarded for your praiseworthy
exertions to secure to the public an independent daily journal at a
moderate price. As I think you will find in the proceedings of the
soi-diaant " Association of Spanish Bondholders." in league with your
competitors, another proof of their petty jealousy of your amen% by
withholding from you information of the proceedings of the body in
question, I think it well to inform you that It is a self constituted as.
sociation, and that it does not sympathise with, or represent, the
really suffering creditors of Spain, of whom It hsa never milled a meet-
ing, either to authorise or sanction Its proceedings. The mown
assigned for not adopting this obviously proper course was, that some
hard speeches might be made in a public meeting, which might lad's-
wee the Spanish Government from attending to Its representations.
But when it was found that the government in question took not the
slightest notice of them, and the ostensible reason for not calling a
general meeting of the creditors was no longer available, that step
war not even then taken. As the matter is now managed, whether
success or failure attends the efforts of the parties engaged, it may be
equally well turned to account by them and those who receive the
earliest information of the result of the communications with the
Spanish government, and that such use will be made of any prior in-
formation that may affect the value of Spanish stock is but too pro-
bable, from the notorious fact that some of the principal and most
influential of the parties who have healed themselves into the Associa-
tion in question, formerly mails Immeme awns at the expense of the
Spanish bondholdcm, by the grestmeema Si attended their efforts to
produce the great fall in the stock which Sss place some years Owe.
it Is moreover well known that the Abets a the association will
be directed to procure a further feeding of the overdue
coupons of the Active Stock, in which only themselves and
their continental connexions are materially Interested, the great
bunco( the eatiaing orit;:etecritiers to the Spanish Loans, or their
direct representatives, larger holders of the Passive Bonds, who
retained them after representatives
n compelled to part with their Active
Stock. The greatest part of the latter is now is the hands of Ger-
mans and Dutchmen, who c.eared the London Stock Exchange of
them when prices ranged between IS and 20 a few years since. If it
should become knot% to the Spanish government that the English
creditors generally would be glad to accept a new stock hearing even
one per cent interest, in lien of their present Active, Deferred, and
Passive Stock combined, the schemes of the "Association " would be
defeated, and a real (and practicable) benefit would be conferred on
that portion of the creditors of Spain who have the greatest claims on
the consideration of is government If the original subscribers and
actual sufferer, by the Spanish loans would be satisfied by a compro-
mise of the above nature, surely foreigners, who have already been
gainers by their investments, ought to be. As for the Rothschild& and
other large holders of the 1,0001. bonds, who have been amassing
large sums by speculative sales, and purchasers of the stock for the
last twenty years, at the expense of the unfortunate bona fide subeeri
hers to the leans, they will not be losers by any compromise that may
be effected. The scheme appears to be to benefit a clam only of
the creditors of Spain, and that the least entitled to commiseration,
Instead of the whole, so pretended.—l am, Sir, your's respectfully,
A CONATANT
- . - .

[A "Constant Subscriber may be assured that the pro-
ceedings of the self-constituted committee of Spanish bond-
holders will not escape attention. The parties and moving-
springs are not unknown or unwatched.]