The Express.
London, England, 1849-09-03 00:00:00

PORTUGAL.

The Oriental Company% leis packet Pasha, Cap-
tain John Weeks,•arrrised at Bosibampton last evening,
and landed her mails under the charge of Lieut.
James Ingles, R.N., Admiralty Agent. Her dates
ate: Gibraltar, Aug. 25th; Cadiz, 20th; Lisbon,
29th ; Oporto, 30th; Vigo, 30th.
Among her cargo are 25 tore of raisins from
Gib-altar, 45 tons of grapes and lemons, and a small •
quantity of spa ale from Lisbon.
A railroad is projected from Lisbon to Cintra.
The basis of the loan of 400 cantos is as tol.
lows : 600 motes to be instituted in Exchequer Bills,
payable by Lisbon and Oporto, customs secured upon
&mow of civil year, 1849. 400 contos to los issued
by Bank on account of treasury at 20 weeks,
the remaining 200 to be the guarantee for payment.
The bills will be stamped by Junta et Public
The bank will prevent forgery, and guarantee that
only 400 shall be issued. The bills paid from
decimal to be cancelled by the bank. There
paid by the customs to be cancelled by the
Junta. The bills will be drawn at five months, to
be imperatively paid by the bank when due ;
two-thirds of decimal of current year to be applied to
their payment, 200 contos to be deposited in beak to
met payment of those becoming doe, only 20 contos
to become due in same week. The bank will
discount at 5 per cent. those which have
net more than a mouth to run. The bills
to be the same as cash in payments mad*
to the state within a fortnight *of their c. flies:dues
The contract was taken by the Bank, with consent
of the shareholders., which proves the ministry is
gaining strength.
Saldanha will not go to Vienna. He cannot pin
support of the army.
fhe Queen is only allowed a portion of her monthly
allowance. Much intrigue used in the election of
directors of the Oporto Wine Company. 'lhe reve-
nue has exceeded that of corresponding month last
year. The Bank is about to be prosecuted for pay-
ment of a deposit by paper at a discount.
It is exp:cted at Vigo that the new tariff will
come into force in a month, but, owing to the resig-
nation of Moo, its advantages will not be so great.
Exchange on London, 54k; discount on Lisbon
Bank Notes, 37 to 39.

The Europa, Captain Oott, sailed from Liverpool on
Saturday for Halifax and Boston. Mr. &tarok late Ame-
ricium miniter at St. James's, wee among the passengers.
OPENING OP THE GALWAY RAILWAY WORKS.—
Galway was thrown into the blithest degree of excitement
on Sunday evening, by the announcement that the engineers
of the Midland Railway Company intended opening the
works on Monday morning. The belle of old St. Nicholas
sulb•A iftat from en early hoer. The whole poodle,
loon of the town ea., us mutt to nave wen 7.. tt.....este at
six o'clock. The procession began to be formed at half-put
Piz o'clock. The leads., each with its banner, marched in
the usual order, and attended by • vast concourse of people,
arrived at Renmore, where the works were to commence, the
inn halted, and, having formed a circle the Rev. Mr.
tTlejertidressed the assembled thousands. Mr. Daly after-
wards amli deafening cheers turned the first sod of the new
railway, the band playing the national anthem. The pro-
cession returned to town, leaving a number of labourers en-
gaged upon the works. The hells of St. Nicholas pealed at
usterves during the day, which the mechanics for the most
part enjoyed as a holiday, and at night the town was splen-
didly illuminated, and bonfires blazed in ev ry street. All
was excitement and enthusiastic hope.—Galway Vindi-
cator.

MONEY MARKET.

SATURDAYETZ/lINO.

The general downward tendency of the English
funds curing the week experienced to-day some
alight check. The speculators for • fall, however,
were still busy, and depressed the market until
towards the close, when the stocks mourned a firmer
appearance, though with scarcely any variation in
value amounting to a quotation. Consols for money
were first done at 921, from which they temporarily
declined to 1, but soon recovered, and were next done
at 921, and last at 1. For account they were rather
more steady, and without variation advanced from
921, the first price, to 4, at which they were last
marked. They closed at 921 to 1 for money, and
921 for account. The Three per Cents. Reduced
marked 921 and ; the Three-and-a-Quarter per
Cents. 931 and 1.
Exchequer Bills, Small, were done at 395. and
425. premium. Bank Stock at 1991 and 1981 ; Ditto,
for Account, 1981. India Bonds, under £l,OOO, at
725. and 731. premium.
The foreign stocks continue to maintain previous
quotations, and in some instances were done rather
higher. The transactions comprise—Brazilian, Small,
at 8.5 and 861. Buenos Ayres at 52 and 1. Equador
at 31. Grenada, Deferred, at 31. Mexican, ez
coupons, at 281. Peruvian Four per Cents., 1849,
at 54 and # ; Ditto, Deferred, at 16, and 17.'
Russian at 107 ex div. Spanish Five per Cents.
at 181 and 1; Ditto, Passives, at ; Ditto, Three
per Cents. at 344. Two-and-a-half per Cent. Dutch
at 54; Ditto, Four per Cent. Certificate', at 834.
Money has been in greater request, both on the
Stock Exchange, and for discounting purposes, daring
the week. Oa the Stock Exchange it was worth 3
per cent. ; this was partly occasioned by the delivery
of a large amount of stock, upon which the Bank of
England had male advances. The rates of discount
for good bills under three months are now 21 to 3
per cent. The progressive decline in the value of
Exchequer Bills daring the week may be regarded
as a certain indication that an increased demand for
money prevails at the present moment. It is not im-
probable that the more settled state of the con-
tinent, and the more even current which our
export trade with that part of the world be-
gins to assume, may give rise to a greater
demand for money for commercial purposes gene-
rally throughout the country; and if this view
of the case be correct, there is not much prospect of
money becoming daring the current month again as
cheap as it was during the month of August. The
requirements, however, for railway purposes are
signally on the decline, and on that wore no Won-
vegeta to the money market is to be apprehended.
The railway calls for the present mouth, already
known, am 865,0541., whilst last year for the am
mouth they were 2,625,9361.; and in Septambsr
1847,4,161,9341. The total calls for the 9 moeihs ef
the pre eat year have now reached 16,854,!1
against 28,378,9551. far the correspierctg= all
1848, and 33,843,0131. for the wee of 1847.
We subjoin a table ekowing the actuations in the
price of Consols during the week :
MMeted Lofted Closing
os. Price. Pries.
Mooday—Cosools tat sow
Far rant (Sept. 11)- _
Towlay—Ooosolo kr mow
Tor some
Indanglay-0989919 kr may
INV on lit
........
Thoroby--Onsok be
tor usesot beim
to
blio7-03mob kr maw
oesoma
'-o—Oasook kr bow .......
for seemed .

The following statement, prepared and c.,ndensed
from various official return., 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 dates of
the accounts last made up, and comparatively with
returns 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 11th of August last, as
follows : . _

Batt of £l9 307,449
Private Et:nead 3,451,107
Joint-stock beaks