The Express.
London, England, 1851-10-09 00:00:00

RAILWAYS.

THIS DAY.

Two o'CLocw.

With only a very limited business offering, the
share market to-day, in sympathy with the other
branches of the security markets, wears a drooping
appearance, and prices generally have assumed a
lower range. Great Westerns, Lancashire and York-
shires, and Midlands show the chief decline, but
the prices obtainable now are rather better than at
an earlier period of the day, though not equal to
those of yesterday.

MONEY MARKET.

THIS DAY.

Two o'CLocx.

There has been a little more than the usual flue- '
tuation in the English stock market to•day, as I
two cr three transactions of some amount
have occurred. Consols opened at yesterday's
quotation of 961 to 4, and, after being sold
at 1 lower, at 96'4, quickly rallied to 97
for cash. This, however, was not main-
tained, and they are now quoted the same as yes-
terday, at 96 1 to 1 both for money and Tuesday
next. The government broker purchased as usual,
and to this operation the maintenance of the market
is partially attributable. The business prices of the
day arc officially stated as follows:—Three per Cent.
Consols, 961, 97, 964 ; ditto for account, 961,
Exchequer Bills arc well supported at the advance
of Is., with a better inquiry than has been expe-
rienetal for some time; and India Bonds are still
looking up. Bargains are marked in bills of all
classes at 445. and 475. prem., and in India Bonds,
smaller sizes, at 345. prem.
Business iu the foreign stocks is extremely
limited. The only business for investment consists
of a few transactions in Russian, and of the specu-
lative descriptions Mexican is the only one touched.
A very grave view is syserally taken of ass wadi-
tion of the finances and administration of the republic,
but the point to which the attention of the bond-
holders is naturally more anxiously directed is that
of the payment of the next dividend, and vtay
earnest discussions arc going on upon the subject.
A decided opinion is generally expressed that
the authorities here ought at once to place
before the creditors of the republic a full
definite statement of their position and pro-
spects in this respect, stating both the amount
of the remittances at present available and the
sources from which the next payment is
to be made, as it is perfectly palpable
that the amounts that have as yet come to
hand are quite insufficient, being variously
estimated as equivalent to pay a dividend of Ito 1 •
per cent. The inactivity of tho committee is much
canvassed, as it is urged they ought at once
to take measures to set the minds of their
constituents at rest by procuring them full
information. Supposing that sufficient resources
arc available, it is argued that the property of the
bondholders is being needlessly depreciated by the
prevalent doubts, and if the worst view of the case
be the correct one, the supineness of the com-
mittee is not the less culpable, as parties
are being daily " let into" purchases of the
stock upon the understanding of a three per cent.
dividend. being faithfully met, according to the new
engagement so solemnly made. Business is marked
to-day as follows: Dutch Two-and-a-half per Cents.,
381. Mexican Bonds, for account, 27, 261, 27,1.
Russian Bonds, Five per Cent., 1111, ; ditto Four-
and-a-Half per Cent., 1011, ; ditto for account,
1014. Spanish Passive Bonds, C.I.
The railway traffic returns for the last week, most
of which are now published, continue to show a very
marked increase, as compared with last year, which
extends to nearly every one of the chief lines. The
Loudon and North Western return is 61,7491. against
48,120/.in the corresponding week of last year, being
an increase of 13,6231; the London and South Western,
13,649/. against 11,0821. - increase, 3,967; the Great
Western, 26,236!. against 17,7201.—increase, 8,516!.;
the Midland, 25,321/. against 24,6981.—increase,
6231.; the York and North Midland, 9,563/. against
9,3l6l.—increase, 2471.; the Bristol and Exeter,
5,232/., against 4,9s2l.—increase, 280/. ; the York,
Newcastle, and Berwick, 15,703/., against 16,4041.—
decrease, 8011.; the Great Northern, 12,8881., against
6,Bl2—increase, 6,076/. ; the Shrewsbury and Ches-
ter, 1,801/., against 1,6721.--increase, 1321. ; the
North StatiOrdshire, 5,0291., against o,oBs!.—de-
crease, 361.
We are glad to find that Colonel Facio has at
"length adopted the plan ofissuingformsLisotiesegtle
amount of the Mexican remittances received by him,
though an account of the total sum available in
London for this purpose is still a desideratum. It is
to be hoped that full details on a point of so much
importance to the bondholders will be regularly
given. The notification we have received is as
bellows :

Colonel Facio begs to inform the holders of Mexican
Bonds that the following suntb ,on account of dividends
have been received by the Webt India steamer just
arrived :

dolls, c.

From Vera Cruz -8 0

Tampico
Tabasco
Acapulco
B. Lg. shipped at Mazatlan per
U.M.S. Driver

60,317 31

Mexican Financial Agency,
32, Great Winchoter-meet, Oct. 8, 1851.

From the committee of Spanish American bond-
holders we have received the following communica-
tion: _ .

Committee of Spanish American Bondholders,
8, Broad-street-buildings, Oct. 8, 1651.
- - -

Tho committee of Spanish American bondholders have
received this morning a letter from Mr. Lord, at La
Guayra, dated the 10th of September, stating that, just
before the departure of the mail, a communication had
reached him from Caracas, that the agreement entered upon
with the executive power had at last obtained the sanction
of the Council of State, and that he, Mr. ford, expected to
be able to inform the committee by the next packet of his
having received the official confirmation thereof.
From another source we have learned that the
committee have received a remittance from the Vene-
zuelan government, and that the payment of the
dividends will be resumed.
Efforts arc being made to arran"e the affairs of
the Monmouthshire and Glamorganshire Bank, and
though the business of the bank and branches has
been suspended, hopes ale held out that, within a
few days, it will bo resumed, applications being made
in several quarters for assistance. Meanwhile, great
alarm prevails in the South Wales iron district.
Exchange at nuis on London not onlsp keeps up,
but on Tuesday was marked higher. 'ihere is no
change in bullion.
Advices from the United States announce that
the cotton crop will be shipped from 20 to 30 days
earlier this year ; if so, the transmission of bullion
will most probably be affected.
The Express has, in its Irish correspondence,
called attention to the notification issued in Ireland
for emigration to Peru. The notification is perfectly
authentic, and we long since published the proposals
of the Peruvian government. Their object is to in-
crease the European population by encouraging the
immigration of Irish and South Germans, and they
have appropriated the necessary funds, while there
is no likelihood of their withholding the promised
grants of land. For some time past the Peruvian
government have been punctual in performing their
engagements, and they have no sinister object in
adopting the present measure. The surplus popula-
tion of Ireland would in this immigration be put in
a position to become consumers of English goods. It
is to be observed that the same movement for Euro-
pean immigration is taking place among all the
South Pacific states, and there is thus every prospect
of a great extension of the English language on all
the borders of that great ocean. . ,

Messrs. John Railton and Sons, of Manchester,
have published a further circular on the operation of
a presumed investment made on the 26th April,lB.so,
of 7331. 16s. 3d., the cost of one share in each of 23
lines enumerated, embracing a paid-up capital of
96,000,0001. They say :
Referring to our List circular of 3rd July, 1851,—and
now that you will have seen all the directors' reports of the
last half-year's transactions, connected with the 23
lines of railway, embracing an miguaranteed capital of
96,000,0001—we place before you below our weekly obser-
vation on the fluctuation of one share in each lino since the
26th April, 1850, then amounting to 7331. 16e. 3(1. On the
19th March, 18.51, a profit of 54k per cent. was attainable,
being the highest point it reached. Since then it fell to
261 per cent., on the 16th September, 1851. Prices had
gone lower than those we started with on the 26th April,