The Express.
London, England, 1849-08-04 00:00:00

11 per ant. on transmitting full weight sovessigne
to America at the prrsest tate of exchange.
The market fir tallow during toe past month bas
been progressing, at .d an advance of Ia to la 6d. was
the tesu't comp. od with the pros at the end of
Jur.e. The busine a. however, we sprirc pallyreetricted
to pal • by auction, and consisted for the most part of
South Americsn and Australian, from which Oen'
the supplies have been rather large, but from Odessa
and Taganrog there has b.en and silla
very &sit imps& Tbe agieets from New
South Wales Ind .to the conelmion that
the receipts from thence meet nt cesesrily fell short is
emsequesee of the f xessive drought. The peke at
St. Petersburg for Y C tallow, fur delivery es the
spot, was by last mail 117 re., and proportiosately
for Augent delivery. The total unseat of tallow
hopreted into London between the Ist January and
31st July is 27,393 earths, which is 273 casks leas
than lest year for the same period. The deli es
from Ist January to 31st Ju'T amount to 45,863 aids,
aed the stock on the Ist instant was 24,136 casks.
2,416 cuts are on board ship on their way from St
Petersburg to England.
The commercial letters received to-day from Ham-
burg intimate that a speculative demised for coffee
still continued, and 6,690 bags had been disposed of
at an advance of 1-16 t sehilling. The arrivals from
the Ems amounted to 7,000 bags. Operations in
sum were suspended until the direct shipments came
toband, althouuls the market was regul my supplied
in the meantime with refined sugar from Holland.
The transactions in cotton were limited, and were
restricted to 1,750 bale. Contradictory rep ids were
current r' emoting tie a again of the rotato
disease, which coatribut to keep opthe prices of grain
above the balsas for orders received. The weather
was favourable for the ersies. Public securities were
firm. Morey was in rather move request. In ex-
change there was less doing. Tne rate on London
was 13.91 foe three months, and 13.101 for short; on
Paris, 1861 for three months; on Amsterdam 35.40
for two months.
From Bremen the exchanges are quoted on Lon-
don 613 for short, 610 fee two months; on Amster-
dam 1261 for two months. Mosley was abundant,
and diecou,,t cry at 21 per test
At B tin there was not much doing in the Na-
tional Funds, but they cooties* firm.
Aoeordirg to letters from Vienna, the delay
its tee issue of the new loan, owing, it is said, to
the Minister of Yampa not having completed his
arrangements, was much the subject of convereation,
and caused general dseatisiaction on the bourse, and
also did not escape animadversions from the pees.
Is Metalliquee there was not much doing ; the Five
pie Cents. were at 931 to 1.
The bourse at Fraakfort was not very animated
es the 31st ult., except for Spanish Three-per-Cents.,
which had suddenly advanced to 271. The Austrian
lietalliqacs had given way a little, the last price for
money was, the Five per Cent. 761, Three per Cent.
45k, Two-and-a-Hslf per Cent. 401. Other securitses
remained without alteration. The exchange on Lon-
don was 1201, and en Peril 951 for shod.
The rates of exchange on London at Trieste de-
clined during the day from 12.5 to 12.2 the last
Prim.
The funds " interieur " were quoted at Madrid on
the 281, Three per Cent. 271, Five per C. nt.
11 15-16, Passive 31, Bank shares 82 premium. Ex-
change en London, 50 80-100 per dollar for three
months. Discount 6 per cent.
The increasing imp 'mance of the trade of the port
of Havre, ms•re ()greenfly as regards cotton, may be
gathered nom the feet that the total quantity of
North American cotton a Id in that market during the
month o' July was 54,240 bales against 62,705 bales
arrived during that month. The Mock in first hands
on the let inst. was about 63,000 bales. The tales of
the first three dens of the present week amount to
7,750 bales, the greeter part of which were sold on
Wednesday at an advance of 1 franc. Low ordinary
New Orleans were last quoted at 81f. Whale oil was
again attracting attention, and 24,000 kilogrammes
had changed hands at 411 f.
The statements which we published in our Money
Article, of the 27th ultimo, on the subject of the
present financial condition Of Mexico, to which we
added the results of an operation in Mexican stock
by a bondholder, have called forth the following
latter, re:ting forth the probable position of that
stock for the future, which, without, however, arriv-
ing at the came happy conclusions ours lies, we give
in inking):

TO ?IN EDITOR OF ?Xi BlTitiell.
Sta,—The slat. meets which have appeared in your able
journal as regard@ the Mexican debt, although they elucidate
the past, di not, I think, contain that information which the
present holders of !Luna& bonds require, viz , what are
their prospects as to the future. We gather from the past
that the Irzentoklees have submitted to great sacrifices, and
when the last c 'aversion was made they were assured that
their eacrifie.s were at an end, and that the revenues ere-
cisLy pledged for their security were ample for that purpose.
Allow me to draw attention to what those securities were :

20 yr cont of the Customs' duise, which were
estleasted to produce 1,200,000
Tie whole of the sport duty of the silver from
the Pacific
The tobacco revenues, estimated to rodeo*

3,076,670
The amount required to pay the interest of the debt is
2,960,000 dollars. The war with America annihilated fur •
time the tobecco monopoly ; hut, se it wax always ore of the
steadiest me .urces of revenue to Mexico, it will be the grit
object of the Congress to plans it on a satisfactory tootiag.
As regards the customs duties, the portion which has been
remitted and tie to be received from the Ist Jon. up is the
13th June lest amounts to 804.000 dollars. A parties of
this is for the_ sport duties on silver, the duty oa which has
been reduced from six to three per cent —a =emirs which
will be a.:entl.d with the mast beneficial rend,. as
rgards , as it is no•orions that of the vast
amoust of dollars annually shipped from the poets
of Mexico nine-tenths evaded the duty. It is rea
unable, therotorr, to expect that the bondholders will
receive 1.660,000 doll 4s this year from customs, and lb-
export duty on silver; this will leaves deal:item *11,100.000
dots., which nu. he V. be received from the tobacco Ness.. ;
however, 1,560,000 doh, will pay the bondholders 3 per cent.
on their molts!, end of mum those who invest at the market
price, nearly I l Ter cent. As regents the government
agency, the bondioldere have bat little to d t with the
matter, as they hive appeisted Mews. Manning and Meek
inter& to receive their portion of romans in Mexico, and we
know that L4d Palmerston has given molt stringent orders
to our ambeseadur to support the bondholders in their just
MOM
Without entering into a discussion of the merits of
the agency qutsti n, which has so lately bezn brought
under thus moire of the public, we must, nevertheless,
=press our dimient from the opinion of the writer,
when he says : "As regards the government agency,
the bondholdes have nothing to do with the snorter."
On the contrary, we think it highly important to
them that the said agency should be intrusted to a
bankinfor commercial house, of known responsibility
and i> ace—one in whom the bondholders repose
every eenidence, and whose representations, when se-
cemary.to the Mexican government would be respeeled
and atbeeded to.
The Bank of England averages for the week ending
the 28th inst., when compere d with the returns true
the week previous, give the following results:
ussuunsime Daman SKIN
Clisdeolus aeon 10,04,600 Durum 1414666
12411•496•1114 1.,661,066 --. Imes= mils
01444140400 11,216,4114 Demme Moat
Clemenmeslllesesitiesin imam, lama 17.043
11.042.214 Durum 0.470
Ode sol lad= 10.410,614 Delllllllo 14,563
lives 4412arbals 1063,346 Deersese 11444
lbs •8441
La 1.,1246,134 Lamas 6,204
BANS Or &NOLL' D..-40300n fee lie llmit arias July 18.1141.
writ Dan
lierad 51T.T443411

I
Gowen' It Debt PLOW*
Ol Eleauritios llle
GNI ber
O.le arl Danko 13.41101.9et111
-'(ollludisa ......

1.741016

wales vi
....004100
Milluirtegalb naiad. OWNS
W DY= ksda.) &MS
11.W100
LOW NI

4127.741310
gasman.
430.111•1114114 1111111111M11
Awls& Dead Willa
Aar*, - gitle.ff 7
Othir 111Nuillso ...... MD
grind Illwi t. •la .. lITa

MAUI&
J. B. =W. NvilipCambium
DAY.
Two o'CLoos.
Cosa,ls opened at the closing prices yesterday, Wit
to ; they have since steadily adrenal'', sad are at
present quoted 921 to 93, both for seam sad amount.
The Three per Cents. Reduced were dew at 92/ and
I. The Tbret-and•a-Quarter perCenta, at 933 and I
Exchequer Bills at his. and Ha presdsin. Bata
Stock at 199 and 1991.
The atteution of the dealer, in foreign atoeks was
prbwirdly given to Barnes Ayres Bonds, which were
as.. as high as 61, being an advance of 6 per ant.
slaw yet e day miming. lillexleas ors a sh.de better.
Swish have improved fall 1 per cent. this morning
The foporpino I, the hn-inrea of the thy :—Buento
Arcs amee, a' 49. 481. and 51. Mtzican, ex co I-
pons, at 271 read 3. Peruvian Active, at 50. Spani,h

Mg. UN/.