The Express.
London, England, 1846-09-09 00:00:00

apprehended that of themselves they would not be equal to
more than a limited and temporary effect. For the eventual
though not the immediate result of any political contretemps
is rather, except in extreme emergencies, to divert (spited
into the home funds, which before was invested or am.
ployed speculatively in foreign stocks. As the causes refereed
tb do not seem adequate to account for the present anomalous
and, as conceived, len promising futon position of the funds
and other security values, other explanations are sought, but
can only be somewhat obscurely and unsatisfactorily main
oat. They point, however, to the deranged state of for Min
trade for some time past, for home trade wears a healthy
look, the consequences of which are now coming more home
to us. It is certain that much unfortunate excess of
commercial speculation has occurred in India, China,
and elsewhere ; moreover that the evil has not been
confined to this country, as the depressed condition of
continental trading and money marts will testify. With-
out presuming to determine how far such circumstances
may influence actualities here, end excite the sort of fore-
boding of the future which is felt, rather than expressed, in
monied quarters, without any very definite appreciation of
causes, it may be safely assumed that in no part of the world
can any trading or monetary reverse take place without the
contrecoup being experienced here more or less severely, so
intimately bound up, indirectly as well as directly, are the
commercial and financial interests of this country with all
others. But for these apprehended derangements of money
matters from extraneous and commercial incidents, the pro-
bable larger calls of money for railway expenditure could
create no particular inconvenience, taking into account the
rate at which the aggregate accumulations of national income
and profit must progress.
Consols declined to-day to 9,51 to 6 for money; and for
time, 961 to 1, with a heavy market. Reduced Threes, 961
to 1. Three-and-a-Quarter per Cents., 981 to 1. The bank
broker was served with Three-and-a-quarter per Cents.
981. Exchequer Bills declined to 10s. to 13s. premium.
Long Annuities, 101 to 7-16. Bank Stock, 209 to 10. India
Stock, 2594 to 2601.
The transactions in foreign stocks were few, and the quo-
Cations in the more current of the speculative securities—
vie., Spanish, Portuguese, and Mexican, must be regarded
as little more than nominal, as no great amount of business
could be done in them at those rates. Spanish Fives were
last quoted 261 to 1 ; the Threes, 38 to 1; Portuguese Fours,
41 to 3; Mexican, 251 to ; Brarilian, 88 to 9; Dutch Two-
and-a-half per Cents, 591 to 60 ; the Fours, 941 to 5 ;
Danish, 871 to 81.
In foreign exchange the rates were rather higher on Paris
and Hamburg ; on Vienna and Trieste, bills were inquired
for. The negotiations were—on Amsterdam, 12, 61 to 7 ;
on Rotterdam, 12, 74 ; on Antwerp, 26, 5; on Hamburg, 13
121 to 131 ; on Frankfort, 1211 to I ; on Paris, 25, 9it0974;
on Vienna, 10, 9; on Trieste, 10, 9to 10; on Leghorn, 30.
55 to 60 ; on Naples, 391 ; on Madrid, 351 to 1 ; on Lisbon
(at 60 says), 521 to 53, all but the !ast at three months.
WEIL= TUNDEL-810ix. 8.
Bank Stock, 210 I Long Ann., 30 years, Exp. Oct.lo,
3 per Cent. &ducal Ann., 961 1 4 1059, 101
i 3 Ditto, 3o yrs, Jan. 3, 1860, 104 146
3 per CL Como* Ana., 3 i India gtock, 2604
New 34 p. Ct. AIM, 981 961
Consols for Acct-, 961
Long Ann , Exp. Jan. 5, 1860, Ex. Bills, £1.006, 140., 17 13 10
10 7-161 7.16 Ditto £5OO 17 13
Ditto, Small, 13 18

5 per Cent Brazilian Bile., 89 tf
Ditto, Small, 90
3 per Cent Diu:6A Bdc., 1823 888
S per Cent Mexican, Met., Sept.
15, 26 i
4 per Ct. Portuguese Bonds, 414 2i
Ditto, Acct., 41 2 i

4 FUND&
5 per Cent Bpauish Bonds, Acct.
tier*. 15, 264 4
3 per Ct. Spanish Bonds, 36
Ditto Acct., Sept. 15, RI 4 4
2 per Cent. Dutch Exchange, 12
Gull., 594 I
4 per Ct. ditto Certificates, 95 4
STOCKS ABROAD.

PAIN 7t.t."-A,;;47.7,Vr Money.— Ms
per Cents., 119.40; Three per Cents., 84.35; Shares at the Bank,
3505; Bente de Naples (Rothschild), 101.80; Roman Loan, 1021;
Belgian Fire per Cents., 1840, 1021 ; ditto 1842, 1054 ; Goula Bank
Shares, 1215; Bandon ditto, 520. Exchange on London, 30 days,
25.70; three months, 25.521. The Flee per Cents. closed for the
Account at 119.50 ; the Three per Ceuta. at 84.35.
/MADRID Botaa,Sapr. 2.—Three per Cent., 351 ; Four per Cent., 211 ;
Flee per Cent., 221 ; Exchange on London, 3(4 1 ; Paris, 15.16.