The Express.
London, England, 1848-02-03 00:00:00

ties and the commimioners of excise and the Treasury the
Fault of which waa unsatisfactory, and the county magie-
trates directed their constable* to take the n steps to
prefer informations against Mr. Harding. Mr. Traill, the
police magistrate, at first refused to grant summonses, on
the ground that there was no attempt on the part of Mr.
Harding to defraud the revenue, but subsequently, on the
application of Mr. Child, of the firm of Wire and Cilia, so-
licitors to the Licensed Victuallers' Association, he allowed
the summonses to issue, under the 9th George IV. it. 61,
sec. 19. Nine summonses were taken out, and three having
been abandoned the remaining six came before Mr. Trail
to-day for adjudication.—Mr. Child, of the firm of Wire and
Child, attended to support the informations, and Mr. Wid-
dioombe for the defendant.—The parties, however, pre-
vious to the case being opened, agreed that the defendant
should plead guilty to the first information, and that a fine
of 5/. and costa should be inflicted, the other informations to
be withdrawn, and the defendant to close the refreshment
Irooms forthwith.—After considerable discussion Mr. Traill
consented to the adoption of this course, and the fine of 51.
was paid, the other informations being withdrawn.

MONEY MARKET.
WEDNESDAY Evswino.
Business in the stock market has been of the same
description of small dealing as for some days past,
and with the same predominance of sellers. In spe-
culation there is a sort of lull, and although the prices'
of stocks are and have been gradually reeding, the
fact is solely attributable to these continuous sale. of 1
small amounts, which show their origin to be with the'
public, and with which, as evidence of the direction
of the public mind, speculators are too wary to enter I
into contest by their operations. Whilst Consols are in
decline, however, the anomaly is presented of arise in
Exchequer bills, which have been done to-day at 418.1
prem., and may be quoted 365. to 41s. prem. This rise
in Exchequer Bills, with a falling Consol market,
appears singular, and the more so as the belief has
become prevalent that, if a funding do not take place
to a certain extent, the rate of interest at least will be
reduced on the bills falling due next month, and of
course, should the general state of the money market,
and of the interest of money, remain without mate-
rial alteration, on those which shall mature in July
next. There is reason to suspect some Bank and
Treasury copartnery of management in this state ofl
the Exchequer bill market,with a view to favour the
reduction of interest contemplated, if not also by
other combinations yet to be developed or funding
operation hereafter. Consols were first done at 89
for money, and n more for account. After finctaa-
tions downwards to the extent ofl per cent., they left
off 884 to 9, both for money and time. Reduced
Threes, 89 to ; Three-and-a-Quarter per Cents., 90
to 1. Long Anuities, 9to 1-16. India Bonds, 275.
to 308. premium. Bank Stock, 200 to 2. India
Stock, 241 to 3,
Some rather considerable transactions were reported
in Mexican to-day, upon a speculation that the ne-
gotiations for peace,. which private letters advise of
being carried on, might issue favourably. The effect
of the purchases, for the speculations were in that
direction, was however limited to an advance of about
per cent. The bonds were last called buyers rather
at 19. Brazilian, 84 to 6. Ecuador, 3i to t. Spanish
Fives, 211 to ; the Threes, 32 to ; Passive, ato
Portuguese, 26 to 7. Dutch Two-and-a-Half per
Cents., 84 to I; the Fours, 851 to t. Belgian Four-
and-a-ialf per Cents., 89 to 91. A bargain was done
, in French Five per Cents. at 116 f. ; Exchange, 25f. 60c.
The accounts from Manchester come decidedly more
favourable to-day respecting the state of the cotton
Itrade in that district. It must be out of the question
of coarse to look for a hasty and full return of the
prosperous times of years net long past. But the
safest improvement, and promising the greatest per-
manency, is assuredly that which arrives and grows
gradually. The trade is then in its legitimate con-
dition of representing the desirable equalisation of
production and consumption. Whilst competent to
fulfil all present probable demands, and adjusting its
power of productiveness accordingly, it is so much
the more, and the better, enabled to expand on oc-
casion into the larger proportions of supply which
may be called for by degrees hereafter from the ex-
tended capacities of home and foreign markets. The
lit'anchester Courier has the following summary of
the great trade market yesterday in that city :
There ham been • more lively feeling observable in the
saarket to-day than has been the case for some weeks past,
although the amount of business done has generally been
Mill limited in extent. In the yarn market some large sales
Bass Loco offsated for export to India, 40's and 60's male,
the prices of which have been much depressed latterly, have
experienced a revival, and the common qualities were held
for higher rates, which have been conceded. Some inquiries
were made by export houses, to Russia and Germany, but
operations cannot be expected for these quarters until we
bane some intelligence of the winter weather and opening
of their navigation'. In the cloth market there is but little
alteration. Some shirting" for the East Indies have been
sold, and quiet sales are made for some other kinds, but
goods are not generally in demand. The news by the
steamer from America is not favourable to a continued
export trade across the Atlantic, as the stringency in the
money market, which continues increasing, will militate
against heavy sales of our manufactured goods.
KNOLIBII FUN Ds.
Dank Stock, 200 2 • India Stock, 241
3 per et. lied. AZing.. Erq 9 India Bon•D, 81,000, 30 27 pm.
3perei eons. Anne., I Consols for Amt., Wil 0194 9
New 31 Per Ct. Amu., VA 99 Each Bills. 2.1.0110, W., 16 640 11'.
Lug Anna, sip. sth Jas., 1866, Ditto, £5O). 33 p.
1•16 Ditto, Small, 30 3 P.
FOBRIO FUN Dd.
5 per et nmaian lids., Small. 843 13 per Spanish Bonds, Acct.,
3 per Ct. Pantab Bonds, 1023 83 Feb. 15
.31 1
lor Equador Honda, 31 if Ditto, nut,. MM. 6
5 per Ct. 5f ellmn, 1044, 184 5 per et. French Rests, 116 f. Es.
Ditto, Amt., len 15,16119 18119 260. 60e.
5 per Ct. Russian 8d.., 1622, Sipa Ct. Belglsnßds. Ex. 260464
ter.. 199 i 21 per Ct-Dutch 151..12 Goa 54*
3 per et. Spanish Bonds, 320 4944 Ditto Reeds. 859 ,