The Express.
London, England, 1851-06-25 00:00:00

COMMERCIAL AND MARKETS.

MDICING LANE.-THIS DAY.

Shoes.—There has not been a public sale to-day, but
the market wean arery firm appearance. Refined steady ;
grocery lumps, 475. to 495. 6d.
Corps .—The public sale of 80 casks plantation Ceylon
went off with spirit, and the article generally has an Im-
proved appearance.
TlA.—The demand for common Congou continues good,
and has become scarce, at 10d. per lb.
Corms remains without alteration.

•••
SPICIIB.—No sales to-day.
Rice is quoted the same as yesterday.
As frequently occurs on a Wednesday, the attendance in
the Lane is thin, and the public sales are few, and unim-
portant.
Duty paid on Boger to lett week in London, Liver- ewe.
pooL Bristol, Hull, and the Clyde 2,71,079
Ti the mane period last year 2,390,016

Decrees§ 104,037
aims rAzo omu o. 1831 to LYS Wlll2. Ito.
Load= '14,1.5,196
kt=ooi
... 3,018,702
447,979
Hull — 119,931
Clyde 1,156,041

Total
Imo ties is 1830

18,855,089
18;44,560

RAILWAYS.

THIS DAY.
_ _ Two o'Ciocw.

The share market continues depressed, and prices
to-day are quoted at a lower range for most of the
descriptions usually dealt in. This being " continu-
ation"- day, the arrangements for the set-
tlement of the account have been commenced,
but they have not attracted a very large amount of
attention, as the transactions of the last fortnight
have been more restricted than for some time past.
The rates of " continuation " on all descziptious rule
very light, and this shows a more healthy stato of
the market. The traffics generally promise well, but
Midlands have fallen considerably, owing to the
returns being lower than last year, as noticed in
another column.

SHARES AND lITOCZN IIN01:11

MONEY MARKET.

THIS DAY.

Two o'Ctocc.
The English stock market to-day presents no fea-
ture of any novelty, the business being of a very
routine character, and prices being quoted
without variation at yesterday's range. The
transactions include another purchase of Reduced
Threes on public account fur the foreign stock and
railway departments of the house. The settlement
of the account is in progress, but has not led to much
movement.

Consols have remained steady, at 96 to Icx div.
for the 17th of July. The official report of busi-
ness comprises:—Three per Cent. Consols for the
opening, 961, 1; Three per Cent. Reduced, 971-, ;
New Three-and-a-Quarter per Cents., 984, 1; Long
Annuities, 1860, 7 5-16, ; Bank Stock, 2131, 212 f.
The floating debt fully maintains former quota-
tions. Exchequer Bills rule steady at 435. to Ms.
premium, and India Bonds at 538. to 50s. premium,
at which rates there has been a steady business.
The foreign stock market remains comparatively
without business, and, though the settlement of tho
account Ls now in progress, it causes scarcely the
least movement, the operations in this department
having been K, ...light, with only one or two
exceptions. (*)n Mexican money is wanted, the rate
of continuation ruling as high as 3-16. Bra-
zilian Bonds are rather lower. In Portuguese
there is no disposition to operate, but the
advices by the Madrid being interpreted
as more favourable to a settled government
the market for this stock is firmer, and higher prices
are asked. To-day's business list is as follows : Bra-
zilian New Bonds, 1829 and 39, 88, 874. Buenos
Ayres Six per Cents., 56. Dutch Four per Cent.
Certificates, 91,1. Mexican Bonds, 341. Peruvian
Five per Cents., 1819, 874. Russian Four-and-a-
Half per Cents.. 1021. Spanish Three per Cents., 401.
The South Eastern traffic returns for the last week
amounts to 17,0241., against 13,7761. in 1850, show-
ing an increase of 3,246/. The return per mile per
week is 65.221. against 58.871. in the corresponding
week of last year. This return again shows a most sa-
tisfactory comparison, mid those of the other metropo-
litan lines will prove of a similar character. The Mid-
land receipts, however, are looked upon as unfa-
vourable, being known to be 1,2001. less than last
year. This line is a good deal affected by the com-
petition of the Great Northern.

There was, generally speaking, an upward move-
ment in the foreign exchanges yesterday, owing to
higher quotations from abroad,and to a larger supply
of bills on Holland and Hamburg. The only excep-
tion was Paris, which maintained last post's rates,
and was done at 25 for short, and 25.20 to 223 for
three mouths. Amsterdam was not in great re-
quest, and consequently negotiated a little higher, at
11.171 to t, and shcrt at 11.161 to 1. lltunburg,
being much o&red, advanced to 13.73 to Frank-
fort ruled at 118 to 119. Dills on Italy were in
demand at previous rates, but bills on Spain were
scarcely so high. On St. Petersburg the transac-
tions were few at 371 to 1. On Vienna and Trieste
a limited amount was negotiated at somewhat higher
rates, the former being quoted 12.33 to 35, and the
latter 12.36 to 38.

There is no quotable change in the bullion market,
but the price of ss. 0.1. d. per ounce for bar silver must
be rewarded us merely nominal, us the market was
very heavy yesterday, the bulk of the imports by tho
Avon being pressed forward for sale. Spanish
doubloons were sold to-day at 31. 18s. per oz., and
Columbian doubloons at W. 16s. Oil.

In 4ulditiou to the largo stock of bullion already in
the market, Messrs. Baring effected on Monday an
insurance on &WOOl. from America, which may be
expected to arrive shortly in this country.
We have received the following further letter on
the condition of Mexican affairs:

The kindness and impartiality which induced you to in-
sert my laat sumsut unicaLiun, relative to Mexican bonds,
induces me again to address you.
In my last letter I merely asserted a fact--that the divi-
dend due in July would be duly paid—that is now placed
beyond a doubt by the advertisement appearing. Still
Mexican bonds do not improve ar they ought, and as they
some day will, if they are to bear any relative proportion
to the funds of other states; for I boldly assert that the
bondholders need have no apprehension whatever of their
future dividends being paid with regularity ; for even were
a revolution to take place in that country, it would not
affect the dividends, till long as any custom-house revenues
were received; for the appropriation of 21 per cent. of those
duties being specifically pledged to the bondholders the
British government would at once interfere if they were
seized or evaded w.thout the bondholders' consent. This is
the advantage of having specific and defined revenues ap-
propriated instead of general.
1 perceive tie committee are authorised to negotiate the
discount of tho 2,500,1190 dollars as son as they receive an
answer from the American government, which may he ex-
pected in the course of a fortnight. 'lbis alone will be a
bonus of nearly five per cent. to the bondholders, without
includingoneper cent. more when the sums for the cotton
licenses and the amount due from Messrs. Manning and
M'lntosh are realised.

May 1 ask, then, with 11 which will be paid next month
for the dividend, with six per cent. secured, which, taking
the bonds at 311, reduces them to 27—why they do not rise
in value, the more especially when the Alesiean Congress
have passed measures of the most beneficial tendency to
increase the revenues of Mexico I

I have no doubt the extraordinary elements of which
the committee is composts! act moot detrimentally on the
value of the bonds, the more especially when it is noto-
rious that some of that committee are continually jobbiug
In tho bonds, and giving a complexion to the news (ruin
Mexico, not according to its truth, but according to tho
state of their accounts. Until the committee arc purged of
these jobbing elements, the public will not freely invest in
Mexican stock, which I assert, without fear, is by far the
cheapest in the market, and would be largely invested in by
the public were it not for the drawbacks of which I most
bitterly complain, and which 1 know would be most vehe-
mently resisted by the bondholders, were they not afraid of
condemning the innocent with the guilty.
I trust to your impartiality to insert this letter, every
word of which may be implicitly relied ou, and I hope it
may be read by timid bondholders in order to establish their
faith; for, as I said in my former letter, many, not knowing
the truth, may be induced to part with their bonds at the
very moment when they are really and truly a dividend-
paying stock, and that, too, from the insinuations and mis-
statements of men who, being in authority, ought to be
above the littleness of a job, but are not.
A MeXICArt BONDUOLDIIII.
1:N01.1911 FUNDS.—TaIe Der.
Bank Stock. 312 13 Long humane... 3
3 per et. Reduced, Ott I India Sus*, 2.50
3 per Cl. Consols. slur Ditto Bonne.
3t per Ct. Cosiest., tot t Exchequer Bills. LOCOI. AU to 443 e.
Cont. fur Andeg
II per Cl. rtelettn. 99 3
6 per Ct. ersalli.te, ei
Do. Nen, is 6
6 per Ct. Buenos Ayres. ;A 0
e per Cs. Chiles, tu3

FOREIG:

I FUNDS.
6 pat Ct. ileztato, 341 4
44per Ct. Perortrak, 3.
Ditto Deferral, 41 2
6 put Ct. Portutue., 85 T 52 di,
5 pet CL Iturmian, 112 14
44 pot C. Itatutn, 1e24
5 1.4.? Ct. 5p661.46. Acute. 204 6
3 per CL 6pvrl.h. 404 14 •
Do. Partite. 53 6
24 per CL Veoestrals, 31 4
Do. Warred. It 13
IN EXCHANGES.

71,er Ca CMDen,
3 pet Ct. Daniel,. 'le. 7
21 pet Ct. Dutch. td i
4 per Ct. Dutch. Put I
Emeedor, 31
1 pet Ct. Ortnada. Dll7

LATEST FOREII

For
Mosey. Opening
55 95
93 26
E5:635 •
72 is •

For Aerount.

Lowea. ClONing.
53 115 56 0 5S 03 SS 0
99 90 99 29 92 90 93 16