The Express.
London, England, 1851-05-14 00:00:00

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Two O'CLOCK.
The English stock market has worn a flat appear-
ance to-day, and prices are now quoted at a decline
of on the closing range of yesterday. Money rather
tighter, the simultaneous occurrence of the settle-
rdent in the Consul, foreign stock, and railway share
markets having, as is usually the case, given rise to
a certain demand in the Stock Exchange; and
sales of money stock and Exchequer Bills
have been made in consequence : indeed, this
latter description of security has been only
saleable at a considerable reduction in price, a large
amount having been brought forward for realisation.
Consols opened 971 rather buyers fur account (the
10th of June), but have receded to 971 to 1, whilst
for cash they are quoted 97 to 1. This shows a
decline of / since yesterday. The government broker
bought his usual quantity of Reduced Threes, but
the Three-and-a• Quarter per Cents. have been sold
rather more extensively than usual. The official re-
port of business is :—Three per Cent. Consols, 971,
97; ditto for account, 971; Three per Cent.
Reduced, 961, 4; New Three-and-a-Quarter per ,
Cents., 971, a, a, a. Long Annuities, 1860,
7 3-16; ditto for 30 years, 1860, 73. South Sea Old
Annuities, 9,11. Bank Stock, 2101.
Exchequer Bills have fallen considerably, all sizes
having been transacted at 315. and 46a. premium.
India Bonds have been sold at 30s. prem.
In the foreign stock market preparations for the
settlement of the account have formed a portion of
the day's business, but in only one or two in-
stances are these of the least importance, bu-
siness during the last fortnight -having been
upon a very quiet scale, and the fluctuations
in prices having been correspondingly unimportant.
Very little other business is offering, and prices are
quoted with scarcely the least alteration. The busi-
ness report comprises only : Mexican Bonds, 354;
ditto for account, 30th May, 334. Peruvian Five
per Cents., 1649, 811, 821. Portuguese Four per
Cents., 331. Russian Four-and-a-Half per Cents.,
100. Spanish Active Five per Cents., 191, I.
A Mexican bondholder points out to us the dis-
crepancy, as he eonsiders it, in the wording of the
communication of the Mexican committee published
in our paper of yesterday. The explanations of Mr.
I'uyno in our paper simply infer that no loan is to
be negotiated in London, the word "here" being in-
troduced eller " Ile contradicts the rumour of any
intention on the part of Mexico to negotiate another
loan." This is the version given by the Daily News,
the Times, and the Morosiny Post, but in the
Morning Herald, Morning Chronicle, and 211orning
Adrerlaser the word " here" is left out, thereby
making Mr. Payno assert that no loan whatever is
contemplated. As this question of a loan is one of
so much importance, our correspondent wishes fur
some explanation, and to know what can be the
object of the committee in putting forward in some
quarters an intimation that no loan is contemplated.
Of this proceeding of the committee it is not our
business to offer any explanation, but with regard
to the loan we believe we may state that a loan is in
contemplation, and that preliminary negotiations
have been opened in Mexico. The aniount will
depend on the exigencies of the government, but is
not likely to be under six million dollars. The ad-
vance is to be temporary until the operation of the
new tariff, and the clergy arc to guarantee and to
provide fur the payment of the interest, which they
have agreed to do. What the rate of interest may
be will depend upon circumstances. A low rate has
been named, but it is exceedingly unlikely that the
Mexican government will be able to raise money
now at a low rate when fir the advances on the
tangible security of the indemnity money they had
to pay 1 to 11 per cent. pet month. It will be some
satisfaction to know that the interest will not weigh
immediately on the finances of Mexico, though it
must be ultimately provided for.
The dollars by the Greet Westamwecesoli-yeste"
day at 4s. 111 d. per ounce, being the late rates. The
price of dollars keeps up, though uucoined silver has
receded.

The foreign exchanges underwent but slight altera-
tion yesterday, the business not being of an extensive
character, in consequence of a rather limited supply
of bills. Short Paris was done at 24.974 to 95, long
being in greater demand at 23.1.5 to 20. For Frank-
fort there was more money than paper, but for bills
on Hamburg sellers preponderated, and the quotation
was a shade higher. St. I'etersburg was negotiated ut
374 to 4. Bills on Italy and on Spain and Portugal
experienced no change, The only considerable al-
teration that occurred was in the quotation on Aus-
tria, which was much lower, paper being in demand,
and which left off at 13 to 13.3 for Vicuna, and 13
to 13.6 for Trieste.