The Express.
London, England, 1849-05-10 00:00:00

closed at 911 for money, and 94 to i for the 12th of

June account
The Three per Cents Reduced were done at 901,
901, 901, and 90, and the New Three-and-a-Quarter
per Cents. were last done at 91f.
Bank Stook was done at 1921 and 194, and India
Stock at 247. In India Bonds there was little busi-
ness at 71s. prem., and Exchequer Bills were done at
455. and 475. prem. South Sea Steak Was dealt in at
59k to-day.
In the foreign market we have again to report very
few transactions; the depression of yesterday was
not relieved in the Spanish American stocks, and in
Dutch there was a slight fall to-day. Nothing
further has transpired relating to tie forgeries
in Peruvian Bonds, and it is not possible
to know the precise extent of it until the
whole of the bonds are sent in for cooversion,
which doubtless the holders will be indseed to do
without delay, fur their own sakes. The following
are the quotations of the transactions in foreign seen-
rities to-day. Brazilian Small at 79. Danish
Five per Cent. Stock at 931. Equador at 31.
Mexican at 311 and 311 with coupons. Peruvian
Bonds at 80. Portuguese Four per Cents. at 281.
Russian at 104. Spanish Five per Cents. Active at
171; the Threes at 331 and 33. Venezuela at 26.
The Dutch Two-and-a-Half per Cents. were dons at
601, 50, and 491 ; and the Four per Cent. Certificates
at 771, 771, and 77.
The corn market was again very heavy to-day, and
szesedingly little liminess done, prices were conee-
quently nominally the same as on Monday last.
By the arrival of the Reindeer, letters from Brazil
have been received in the City this morning, which
bring down the dates from Pernambuco to the 24th
of March. There was a better demand for goods than
et the date of the previous departures ; but the fol-
lowing extract from a letter to a house in the City
will show the present state of the question regarding
the insurrection, which had been erroneously called
"an insurrection of @levee" in the West India news-
papers received by the lest packet. From Bahia the
dates do not extend beyond those already received.
The rate of exchange at Pernambuco was 2s. 4d.,
et which about 25,0001. had been negotiated. Freights
Ito 1, and 20s. for Liverpool, and 40s. to Channel.
The market was well supplied with engin, but prices
remained firm.
Extract of letter dated Pernambuco, March 24,
1849:
It is supposed that the rebels are nearly all knocked up.
Several have submitted, in accordance with the amnesty
offered, which is a more effecteal form than that of soldiers.
Yet we .1 mild not be too sanguine of peace, nor believe half
the reports afloat: however, the Praceros have an object,
and that is to be free to set at work for the general elections
to take place in all Brasil in August, and they are not all
dispirited though the have suffered so much, and we have
es much to fear from in the government party now.
The gloom which has pervaded the railway share
market for some days was this morning further in-
creased by the melancholy news that Mr. Nicholson,
the brothiw-in-law of Mr. Hudson, had been found
drowned in the moat at York. This intelligence bad
the effect of making _ the shares of all the northern
lines almost unsaleable. It is clear that at present an
unreasoning panic prevails, and timid holders are
frightened into making forced sales of shares, which
are bought by those who in many instances have
themselves produced the alarm. This state of things
will, however, continue until some men of indepen-
dent character and known principle, neither con-
cerned in propping up the directors, nor committed
to pulling them down, shall put forth to the public
statements of the actual condstion of the several com-
panies that may command credit, and enable men of
business to make their own calculation of the real
value of the property, at present, a false or exag-
gerated report depreciates valuable property to the
amount of millions—we are satisfied that the whole-
sale depreciation of property is weighing on the
whole money market, and has materially contributed
even to the fall in government securities.
We understand that some of the large shareholders
in the York and North Midland Railway are about
to undertake such an investigation—not entering into
all the minutia of the accounts, but publishing a few
salient facts, to which the authority of their names
will no doubt command anheettathig atedesee.

RAIL WA Ys.