The Express.
London, England, 1851-02-07 00:00:00

MONEY MARKET.

THIS DAY.

Two o'CLoez.
In the Consol market to-day almost the only busi-
ness has been a renewal of the purchases on public
account, by which prices have been preserved at
their former range. Speculative operations are com-
pletely at a stand-still. In the other home stocks
usually in favour for investment, very few bargains
have been effected, the gloomy weather tending to
thin the attendance both of dealers and investors.
Consols have not varied, even 14 a moment, from
the rate last noted, 96i to both for money and the
12th. The prices of actual business, as officially re-
ported, arc:—Three per Cent. Consols, 9GI, ?„.ditto
for account, 961; Reduced Three per Cents., 971 •;`;
New Threequid-a-Quarter per Cents., 981, 99. Long
Annuities, exp. 1860, 71. Bank Stock, 213, 2141 ;
India Stock, 263

The market for the floating debt is steadier, and
shows a rally of Is. in the rate of premium, as com-
pared with the lowest price of yesterday. Exchequer
Bills of all sizes have been transacted at 5.55. and 58s.
premium. India Bonds attract no attention.
In the foreign stock market there is little business,
but prices remain steady. For Brazilian Bonds
some demand has manifested itself, resulting in a
rise in value; the old Bonds have touched 921.
Bargains are recorded in the undermentioned invest-
ments, viz.:—Brazilian Old Five per Cent. Bonds,
92!, 92; ditto small, 914. Danish Five per Cents.,
103. Four per Cent. Dutch Cells., 911. Mexican
Bonds, 331. Portuguese Four per ('cuts., 331, ex
div. Russian Four-and-a-llalf per Cents., 97Z, f.
Spanish Active Five per Cents., 18V
Front the Mexican committee we have received the
following with regard to the remittances :
The committee of Mexican bondholders have re-
ceived adviees from Mr. Fulconnet, dated Mexico
the 3rd Dec. and 3rd Jan. last. He had received
70,000 dols., due on the cotton licenses, on account
of which he sends a remittance for 12, 7291. 118.8 d.
at 00 days' sight.
The Thames also brings 7,500 dollars from the
agents in Tampico to the committee, and 100,000 dots.
from Vera Cruz and Tampico to Colonel Facio.
As yet no other adviecs have been issued by the
committee to the public, and there is a want of
official information on several important points. We
have, thereffire, endeavoured to glean what we can
from private letters, which we have every reason to
believe to be authentic. The following is an extract
of a letter received by this packet:

Nothing further has been done in the foreign debt, for
it is necessary that the pr,y,t de ki should return to the
Chambers for the MlNliticatium which are to be made, in
order to empower the executive to carry into effect what
Mr. Faleonuet has solicited. It is agreed that the law shall
ultimately pass in the following form: To liquidate the
overdue dividends at the rate of 3 per cent. per annum, as
far as that can be dune, with 2,300,000d015, of the indemnity
money with the remittances lying in the Bank of England,
and with the funds accrued and accruing in Tampico and
Vera Cruz. The balance of interest after these payments
are made to he made good to the creditors by debentures.
The debt from the Ist January, 1&51, to bear an annual in-
terest of 3 per vent., that interest augmenting every 5
years by per cent. till it again reaches 5 per cent. per
annum. For the payment of dividends and sinking fund,
an assignment of 25 per cent. of every kind of duties in the
whole of the Mexican parts. Here there is in substance the
arrangement which will be finally made, and which I fully
expect will be the lust that Mexico has to enter into with
her creditors."

The following extract is from a letter from Mexico,
dated 4th Januaryy. :
On the 15th of this month the new president will be in-
stalled, and we shall have a new administration. Our
friend Mr. Payno, notwithstanding, will continue u Mi-
nister of Finance, for it is believed that his services will he
highly important in the discussion and application of the
law regulating the domestic debt. General Arista is about
to occupy a position in which he will be able to render im-
mense benefits to this country.
The proceeds of the anungetnent for the overdue
bonds would, on this basis, be as follows:
Three-and-a-half years' arrears
of overdue interest at 3 per cent. £1,0.50,000
Indemnity £500,000

Bank dcliodta
Accumulations in Tampico and
Vera Cruz 50,000 750,000
To be received in debentures £300,000
The amount of bills drawn by the East India
Company on the respective presidencies of India
from the 24th ult. to the 6th inst. is as follows:

Itate of Exchange.
Bengal.. £34,001 1 8 } 2s. ld. per Company's rupee.
lkladras . 6,751 0 2
Bombay. 3,674 10 4..2*. lid. per ditto.

Total . £44,416 12 2

At the meeting of the proprietors of the London
and County Joint Stock Bank yesterday a dividend of 6
percent. per annum wile declared, leaving a sum of
3,1331. to be carried to the guarantee fund, which
now amounts to 35,1931. The prospects of the com-
pany. were satisfactorily reviewed by Mr. Sadleir,
M.P., the chairman.
Mr. Paxton's design for covering the Royal Ex-
change with a glass roof has been sent to the
Gresham committee. It will be ornamental, cheap,
and useful; while it fully provides for ventilation,
it will protect the merchants from the vicissitudes of
the weather, and render the interior of the Exchange
available for purposes of business and for the recep-
tion of works of art. As there arc people opposed to
every improvement simply from the evil habit of
objecting to whatever is new, so there arc objectors to
this design, and they are inclined to repre-
sent it as an impiety towards the founder, who
was desirous of providing for the merchants covered
walks and an open area. It must not, however, be
forgotten that formerly the upper galleries of the
Royal Exchange, fitted with stalls and counters,
were open to the frequenters, and the small knot of
merchants were not obliged to undergo a forced
penance in snow, rain, and sleet, but could readily
obtain shelter under cover. The leading merchants,
however, highly approve of Mr. Paxton 's plan, and
there seems no reason why, the merchants and bro-
kers negotiating foreign bills should be exposed to
the inclemency of the seasons any more than the fre-
quenters of the Stock Exchange, Corn Exchange,
Coal Exchange, and Produce markets, who transact
their business completely under cover.
The roof Mr. Paxton proposes is semicircular, and
at the two ends are very handsome fanlights, on a
large scale, in good keeping with the building. The
roof is supported by wrought iron ribs springing
from the parapets, is well tied together, and held
down by compartments of diagonal bracing or de-
bars, secured at each interstice by an ornamented
boss. The effect is good, and we hope sincerely that
the Gresham committee will do what the merchants
of London will consider a graceful act, forthwith,
adopt and carry out a design, which will greatly im-
prove the character of the Exchange, and make it a
still greater ornament to the City of London.
Antwerp letters of Wednesday afternoon report a
twmarkably firm market, especially for Belgian stocks.
Prices were quoted as follows :—Belgian Two-and-a-
Half per Cents. (Rothschild), 50: ; ditto, Three per
Cents., 631; ditto, Four-and-a-Half per Cents., 901,
I; ditto, Five per Cents., 1840-42, 991; ditto, 1848,
Va to 98. Austrian Five per Cent. Metallica, 751
to 76. Spanish Loan of 1834, 121 ; the Home Three
per
omaC:nts., 331. Sardinian Five per Cents., 34.
Five per Cents., 761. Exchange on London,
24.971 to 95.
The rates of exchange on London at the last
advioes were as follows :—Berlin, three months, 6th,
191; and Frankfort, at short, 1171. At the latter
the rate of discount is 11 per cent.
The traffic returns for the past week on the under-
mentioned English lines of railway, as made up to
yesterday, are u follows :
1861. 1860.
Landes sad North Western £39,190 £39,522
Grist Testers

Miellpad
....
..
... . _ 90.5/ .... 19:901

Law Smart SeathWeslarn 8,056 .... 7,609
Lansailthe sad Yarloldre 13,202 .... 10.864
Loden and Drighlea 7,969 .... 6,837
Sienth Eastern
Task, Neweastle, and Bench* 12,827 .... 11,006
Ye* and North Midland
Ninth 84afferdahits