The Express.
London, England, 1849-11-27 00:00:00

lea, sal NIGH at 13e. 6d. per qr., free so law& Charters
bpi has deed at 41.9 d. fu east. sad fu. ed, per qr. for the
Mad end of Easleadl se Ilsodrad.
$S Allen el Mk No.unaba &urn» the grain trade
le that pet as way dull, with prices Wading downwards ;
Slit It was dm prevailiag spisies that, later is the year,
wham tha !emus' supplies amid hare increased, prices
dude give way for moon articles Good 621ba. red wheat
u.lkea quoted 34e. to 261.; Odetbeuck bridal, weighing
pair bushel, 178., sad boiling pen 218. e2llB. per qr.
fed ea bane/
• At leeteek, on the 19th November, the weather was
Math sad wheat, which had the week before slightly re-
sole was again held at about the same rates as on that day
se' ht--e_ey Ws. 6d. to 365. 6d. for the commuter sorts,
and 575. to ass. per qr. free on board for superior samples.
I. spring earn there had not been madb doing, end gaoler
deas had ambers* little or no change. 41. 3d. per qr. is
fall freight toe wheat had been paid to the east coast of Great
Weals, sad one mend (capable of loading about 120 lasts)
had been chartered for Lyndon at 4e. per qr. and 6 per cent.
At Homburg, on Tuesday het, priori of grails were about
the SIAN as ea that day week, but the Inquiry few mod era.
des wee exceedingly slow. Wheat bad beau Mks. peetolhery
deed; sad red, we *king 6011b5., was then obedashie at
Ilk &L. whilst 61 to el lbs. qaelides were quoted Als.
RP Ala. 9d. per qr. free on beard. Barley had not excited
till.lMageased the tnassetions is oats bad also been
5. The weather had tiering Slla two preceding
..tasty, but wee thew wares fee the time altar.
tha !alias Deitch markets the grails trade had, it sp-
remslaad a very languid state. At Rotterdam,
!beady, Rhine wheat was easier to buy ; sad at
,Ow Tuesday, the prise at sale mended 31. to
pee op., bat Shaft wrg a good ask for the latter at the
sednedou.
In Belgium the value of wheat seems to have been steadily
autiatained, and the article was quite u dear at Antwerp oa
Tuesday last as on that day week.

MONEY MARKET.

MONDLT

The English fonds have continued their upward
tendency ever since the resolution of the Bank d;ree-
tors to reduce their rate of discount beesme known.
Consols were dealt in to-day to some extent for in-
vestment, which gave an impulse to the market in the
earlier past, of the day. Consols opened at 941 to
both foe money and time; they were then done at 96
for emit and 951 for amount, after which they became
rather unsteady and were done at • decline of / ; they
however soon recovered their fowler position, and
after having touched 951 for account, closed at 95 to
both Cr cash sad the 12th Dec. The Tone per
Cents. Iteduced smirked 931 and 94. The New Three-
and-a-Quarter per Cents, 94/ and 4.
Szchequer Bile were done at 475. and 605.; ditto,
5001., at 481. and 61e.; ditto, small, at 48s. and 525.
prem. Long .Annuities realised 8 7-16. ladia Bonds,
131 s. and 841. prem.
There was a fair amount of business transacted in
the foreign house with a firm market, and prices
generally-slightly improved. The negotiations con-
sisted of—Brazilian at 86 and 88; ditto, new, 1829,and
'39, at 811. %mos Ayres at 421 and 431. Grenada, at
151; ditto, Deferred, at 31 and 1. Mexican (ex lan.
coupon), at 27 and 261. Peruvian Four per dnts.,
18411, at 511 and 52 ; ditto, Deferred, at 171. Portu-
guese Five per Cents. Converted, 1841, at 32; ditto,
Four per Cent., at 344 and 4. Spanish Five per
Cents., at 171 and } ; ditto Three per Cents. at 371
and 361. Venezuela, at 23. Belgian Foar-and-a-
Half per Cents. at 86 and 831. Two-and-a-Half per
Coat. Dutch at 641 and 4.
Subjoined is a statement of the amount of bills
drawn by the Esst India Company on the respective
presidencies in India, per mail of Saturday, the 24th
rastant
Rates of Exchange.
Bengal !237,96 13 6 Is. led. per
Madras 21,078 18 1 Co.'s
rupse.
Bombay

C 279.540 11 7

We give insertion to the following letter from the
Doke of Valencia, addressed to Mr. James Capel, in
reply to the memorial of the Spanish bondholders,
which is d it.,elf too significant to require any C3lll-
-
Madrid, N... 17,1849.

Sir,—l have received with much satisfaction the polite
communication accompanying which you forward to me the
memorial of the Spanish bondholders in London agreed to
at the meeting held on the Bth October last. You may now
wars the said bondholders of say wish that the government
may speeldr adopt a measure for the improvement of their
position. The numerous objects which have occupied the
attention of the cabinet over which I have the honour to
reticle have unavoidably postponed the period for the a:op-
tion otos* measure, but ineemant exertions are being made
is that and. I therefore flatter myself that you will soon
hoar of a satisfactory determination, for in this matter I have
as great, and if possible a greater interest, than the Spanish
bondholders themselves. This being the object hereof, I
have to squire you of the impost with which I am your", itc.,
the Dke of VALIKCIA.
Id/.0 James Capel, Chairman of the Spanish Bondholder',

London. .
The Liverpool tea market has been rather animated
since the arrival there of two cargoes with the new
tees from China. The injudicious mode of reserving
the samples for the dealers, to the exclusion of the
brokers, is ably commented on in the monetary article
of the LiveTsui Aiken. It is to the following
effect :
- - - - • •

---- -
The tea market has been somewhat excited this week by
the arrival of the Meneitu sad Aden, from China, with the
Seat birgoes of the new sessea's teas. The selections appear
to have been well made, es tie choicest " chops " of wagon
have been freely take& by the trade at is. 9d., Is. 91d., noel
Is. 1041. ; but the mode adopted for the sale of tea in this
port, by which the samples are exclusively rmerved tor
the deabrs, tboneh origioating in the desire of facilitating
busines appears extremely prejudiebl to the importers.
Under this system, brokers who cultivate provincial con-
nexions, and who are therefore of much value to the
port, ea awaiting it in ib competition with London as a
market tor this article, base no mesas of procuring samples
until they have pawed out OM, merchant's hands. As en
instance of its prejudicial effect to importers, by limiting
competition, we would here observe that one parcel of
magma of ss recent Lesportatmu wm sold for Is. 61 per
pound, and immediately at is. bd., the difference
being a lots to the importer, who would have obtained the
higher price had competition been more invited. Though
we mention this profitable mule, we do not wish it to be
understood u the rule, but ea en exception ' • an map.
boa, however, which prove. a disadvantage to importers,
whom the dealers, of all others, are most interested in
encouraging. We understand that the present system has
long been complained of by a portion of the trade, and sug-
gestioas have been submitted for passing all tea through •
catalogue by public auction, where, from the wide noge of
opinion se to their seine, the best prices would in all proba-
bility be secured.
According to the statements of the Frankfort-on-
the-Oder" Murtini " Fair just received, we are in-
formed that notwithstanding its following so soon
after the Leipsic fair, and the absenos of many of the
wholesale buyers from Poland, and from the provinces
of Prussia and Posen, the fair has nevertheless been
a very good one, and the greater part of the dealers
have roma to be well satisfied with the result. The
quantity of produce and manufactures brought to
market was not considerable, partly owing to the
high prim; of yarn, which confined weaving opera-
tion' during the summer. The reduced stocks, how-
ever, had brought about a change for the better, in-
asmuch as the indiscriminate credit which was given
to the foreign dealers as an inducement to purchase
when the stocks were heavy, had received a
decided check, and a much healthier system of
conducting the business of the fair had been intro-
duced on the present occasion. The supply of wool-
lens and woollen stuffs was not adequate to the de-
mand, and cloths of the value of 30 dollars are much
wanted. For fine cloths there was no inquiry. The
decline which has been observable for years in the
demand for English cotton goods for the districts
within the Zollverein, was again remarkably felt,
and owing to the high duties the sales were restricted
jto mules, acconets, and similar goods. In native cot-
wool and linen manufactures a fair amount of
business was done. In silk and half-silk stuffs not
much was done. Glass ware was much inquired for.
Furs were very much neglected. A good deal of
business was done in wool, at prices rather below the
last rates obtained at the Bra fair.
The commercial advice' received by the Peninsular
mail steam-ship Jupiter are almost entirely destitute
of interest. Complaints were still heard of the
(glare of the crops in many parts of the interior, the
valley of the Mondego had especially suffered. At
Lisbon, on the 19th, the following were the quota-
tions of the national securities in Lisbon bank-notee,
which were at a discount of 191 per oent.; Porta-
gum Five per Cents., 54/ to 66; the Four per