The Express. — 1848-05-08 (London, England)

MONEY MARKET. SATI'IIDAY EVENING. The cairn tenor of all the accounts from the continent to-day left no exciting cause for speculation whilst contributing to the improvement of public securities and the stability of the market. Consols were called at the commencement of business 831 to but advanced sh wily afterwards to 831 to a, and so remained, with scarcely a variation, to the close of the market, both for money and account. Reduced Threes 82 to 1. Three-and-a-Quarter per Cents., 83 to 1. Long Annuities 8 7-16 to }. Exchequer Bills, 398. to 425. premium. India Bonds, 2-10. to 265. premium. Bank Stock, 189 to 191. India Stock, 22til to 30. It has been a remarkably quiet dny, with dealings few and unimportant in the Stock Exchange, where, moreover, the attendance of members was as slender as might be expected from splendid weather, and the temptations of country and coast excursions, with a double holiday before the recommencement of customary labours. The same may be said to account for the general paucity of transactions in the foreign market, where prices, however, were quoted somewhat better. Mexican were 161 to 1. I'eruvian, 29 to 31. New Grenada, 141 to 131. Brazilian, however, declined e to 65 to 9, which may be attributed to rather heavy sales of parties desirous of realising their profits upon a the considerable advance, equal in the whole to 7or 8 rl per cent., which these eecurities had obtained within the last few weeks. Spanish Fleur were better, at 131 to 1; the Threes, 231 to ; Passive, 34 to Portuguese, 171 to 181. Dutch Two-and-a-llalf per r. Cents. 42 to 4 ; the Fours, 621 to 41. Russian, 4 85 to 00. The team of Messrs. Shaw and Caffary, general merchants, but chiefly in the Lisbon trade, was made 7 public on 'Change yesterday. It is understood, however, that the liabilities are not of much consideration. The stoppage of an Indian concern has been publicly named to-day on 'Change ; but it may be hoped that the engagements will prove of no great extent. It is understood that the house acted chiefly as agents for procuring consignments for establishments in India, although also ot late years doing business as merchants and principals on their own acceunt, and enjoying extensive and deserved credit. A colonial brokering firm in the City was also mertiored to-day on 'Change, publicly enough, but neither in this case nor the other is it necessary to give names for the present. From Manchester, the failure of Messrs. Nicholson and Evans, extensive manufacturers of fuetians, comes reported, with liabilities, however, of moderate i amount. From Liverpool we learn, with equal surprise and regret, the declared embarrassments of Sir Thomas Brancker, a gentleman reputed, and justly reputed formerly, of very great wealth, and understood to have been out of business for such directed past. Sir Thomas was chairman, and as such directed the ope rations, of the Great Bank of Liverpool, at the time 'of, and previous to, its temporary suspension and difficulties. On that occasion he incurred much blame tor his management. The causes which have led to his present embarrassments have not transpired. We have a lamentable suicide to-day of a respectable merchant the Cape trade, Mr. Venning, which, however, it is understood, originated out of severe domestic afflictions, and was la no wise connected with the affairs of his house. We are favoured with the following communication from the Committee of Spanish American Bondholders of an extract of a letter received from Messrs. Maclean, Rowe and Co., their active agents in Lima, wider date of the 13th March: The decree of Congress authorising the executive to arrange for the payment of the national debt has just been published, and lus Tlonour the Minister of Finance has furnished us with a copy of the Gazette, which we enclose you. Ile has also verbally intimated to Us that in a few days he will be ready to treat with us as agents of the bondholders, and leads us to expect that a satisfactory arrangement of their claims will be speedily concluded. By next steamer, therefore, we trust to be enabled to convey to you the pleasing intelligence of this arrangement having at length been effected. The first article of tee decree above reterrod to