The Express.
London, England, 1851-04-08 00:00:00

Under the influence of the renewal of purchases
by the government broker, Consols opened this
morning with increased firmness, ut an improvement
of Z. which has since been steadily maintained,
notwithstanding the absence of any important busi-
ness of a character calculated to sustain the market.
In the other stock now open for business by special
transfer. theoperat ions are also upon a moderate scale.
It:appears from the official returns that the sum which
will have tobc invested in the purchase of Three lwr Cent
stuck, on account of the Commissioners fur the Reduc-
tion of the National I /Ott during the quarter ending
the rttli of July next, is 641,701/.; and it cannot be
doubted that, in the absence of any serious counteract-
ing influence, the effect of these purehases,added to the
reinvestments of the receivers of di% ideuds (which
are payable to-day), will communicate an upward
tendency to prices.
Consols have been steady all day at the improved
price of 961 to .11. both fur money and 'fhuusdaa•
next. Arrangements for the settlement of
the month's account in this market are occupying the•
attention of the dealers, but the "diffimences” will
prove light. The official report of business is :
Three per Cent. Consols, 96Z, ; ditto for account,
Z ; Three per Cents. Reduced, 90, New
Three-and-a-Quarter per Cents., 97;Z, I; Long An-
nuities, expiring, 1660, 7 5-16,
Exchequer Bills are firm, nt the improvement
recently noticed. All sizes mark srts. and 48s.
premium; India Bonds, under I,OOOL, 6.ss. premium.
There is not the least disposition to operate in
the foreign securities, and prices are nominally (wiled
at yesterday's rangy. Mexican and Spanish Bonds
continue flat. Russian stocks, on the other hand,
remain firm, with some demand for investment. The
business list of the morning embraces the fol-
lowing descriptions only: Mexican Bonds tar
for the account of the 16th of April, 33,Z, Peru-
vian Deftrecsl, 39.1tussian Five per Cents., 11l ; ditto
Four-and-a-Half per Cents., 191 Z, 1. Spanish Active
Five per Cents., for account, 21.
The committee of Mexican Bondholders have at
length received another communication front Mr.
Faleonnet, ern New York, hut with that itutehicity
which attends them, the letter is delivered a week
after its time, and its intelligence, such us it is, is •
fortnight old, and not of the least value. The com-
mittee s abstract is us follows :
The comuunll,•e of Mexican bondholders have, by the
.\sea, received advice* front Mr. Falcsomet, dated ffexico,
I•ith February bo, to the following effect : "'fife accept-'
alive of the decree of the 11th October by Ow bondholders
had only been rill:iv, d there on the lith February, and as
M. F.,teva, if he should finally decide to accept the ministry
of finance, would and cuter on the office until the pith
February, Mr. Faleonnet, at the date of his letter, had not
of thurse at yet rteive d a reply to the formal notice which
he had :tddrc,..ed to M.lluici, provisionally charged with the
direction attic department of finance, that the &Tree was
accepted, and that he was ready to receive the 2,500,000 dol..
comic; to the bondholders out of the American indemnity
money. Mr. Falcomtet expre.ses regret that the decree
had Ixen accepted in Loudon, thinking that he might have
done hitter in Mexico ; but he has no doubt that the
Mexican government will carry out the arrangement en-
tered iutu in good faith "

As n week ago it was said M. Eateva had arrived
nt Mexico from Vera Crux, Mr. Falentmet's com-
munication has no significance in reference to him.
As to the more serious matter, in the delay of the
decree for trunsliTring the 2,-01,000 dots. of the in-

. .
demnity money, no satisfactory explanation has yet
been offered. Even if M. Payno has been too un-
well to attend to his office, and M. Estcva slow in
arrival, there ought to be no difficulty in signing the
' decree. It is a mere fonnal document consequent
on the law pissed by Conqrcss, and, as M. Payno
was the minister who pissed the law through, so natu-
rally should he countersign the decree, even although
oulv holding the office wi interim. This he could
do if he did not personally attend, for he was well
enough to carry on negotiations about ministries and
seats in the cabinet. Even if he were not culled upon
to sign, any other member of the cabinet holding
the portfolio pro troopore could countersign the Pre-
sident's decree. _ . • _ .

It is vcry much to be regretted that Mr. Falcon-
net should, in accordance with the original policy
inculcated to him, hold out the convention as pre-
judicial, when he must now know well enough that
no delay to its acceptance ought to have been
allowed. It is still mure to be regretted that, fur
whatever purpose, the committee should put forward
trash calculated to mislead the public. That they are
under no fear of disturbing the entirety of Mr. Fal
connet's correspondence may be augured from their
non-publication of the following »v,reeam, which
would, however, be a fitting termination :
Mr. Falconnet also states in his letter that the
Mexican government was transported with joy' on
the announcement of the acceptance of the tenns
proposed by the Mexican government to the bond-
holders."

According to some accounts the ministers "danced
with joy," but considering they had nothing to do
with the origination of the measure, and care very
little about it, their enthusiasm would be rather mis-
placed.
The amount of profit earned by the Royal Mail
Steam Company for the year just closed is 143,3621.
As the usual rate of dividend only requires 59,3601.,
some anxiety is expressed whether tho forthcoming
dividend will be more than 21. per share, as the re-
served profits are already very large.
The last quotations of exchange on London at
foreign places are as follows; and it will be seen that,
except Paris, which has temporarily receded, all arc
steady

Previous Latest
Quotations. Quotations.
Atniterlam (short) lltl. 74 115. 76
Ditto (three months ll5. 671 lit 671
Antwerp (short) 261. 071 25f. 071
Berlin (three months)
Charleston
Christiania (3 months) 4.62 4.64 62
Copenhagen (short)
Ditto (3 months) 8.90 8.86
Frankfort (short)
Genoa (3 months)
Gibraltar (90 days) 6l 501 51
Gothenburg (90 days) 11.43 42 11.40
Hamburg (short)
Ditto (3 mouths) l3m. 3 13m. 3
Lisbon (90 days)
Madrid
Milan (3 months)
New York (60 days) llO 1 1101 1
Naples
Paris (short)
Ditto (90 days)
Rome
lk. Petersburg (three
months)
San Francisco (sight) -48 d.
Ditto (six days) - 49d. to 501,
etockholm (short) l2 11.47 45
Ditto (90 days) 11.42 11.42
Trieste
Vienna (three months) 126. 65 1211. 55
Venice

The subjoined calculations show the rate per cent.
per annum yielded by the carious securities cited at
the average of the prices which ruled this day.
Where the asterisk (') is prefixed it is to be under-
stood that the share rate of interest is less the in-
come tax. It will be seen that in every case we take
the rate of interest last declared as the basis of our
calculation:
Three per That Console average pelts OR *idler med. t 3 I •
Three yet Cent. Reduced
St •
New -a-Querter per Ceuta 974 se i 6 6
Bask Mork Idly. 7 per own. per sea ) (diet)
lama Ikea (dm 10t per cent. pert ,) (abet)
Sentrßills (fts. ltd. per day) 3le. 444
eeterne £lllO eh. (di.. at the
ats of 41pw oat. per arm) . IT 4 11 11i
leaseeldre and Yorkshire 1100
Nuke (div. at the rate of 2 pee
MIL per arra.)
asl Now Weeterne Stott 39
file. et thersdeof 4 et. per ans.
awintiiiThherth Weper starav Stook (dtv.) 87
et the ale of per Nat. per asa.). 122
Mises Ike* (die. at the rate et 24
align sae.)
Dia la isabwe• Stock (dividend 10e 6l
par *Leber% equal to 11.65. Bd. per
NM pa ma)

3 7 9i
et

4 II
..

4 1
99

” 1 1

II $l4 01