The Express.
London, England, 1864-09-19 00:00:00

MONEY MARKET.-(T1118 DAY.)

Two o'Cious.

The stock and share markets are extremely in-
active to-day, and • very few variations have
occurred in prices. Consols are dull, and
have receded 1-16 to k per cent., and British
railway stocks are also rather flatter in three or
four instance.. Foreign securities, however, are
inquired for, and somewhat better. The shares of
the financial companies present no change what-
ever,

The demand fur money is moderate, and the rate
for good bills without change, at 81 to 9 per oent.
Owing to the al,ence of activity in the disoonnt
market the supply of money in the Stock Exchange
has increased, and the charge for short loans has
declined to 4 per cant. _

At Paris today, according to Mr. Reuter's tele-
gram, the Three per Cent. Rentes opened at 65fr. 90e.,
being the same a. on Saturday.
Console are now quoted 88 to 1 for money,
and 88 to for the account (Oct. 11). The
official businc.s report is as follows :
Three per Ceut. Consols, for money,
881, 88 ; ditto, for account, 88,1 ; Three per Cents.
Reduced, : New Three per Cents., Bc4, ;
Bank Stock, shut : India Five per Cent. Stock, 104,
104! ; ditto BoLds 20s. die. ; and Exchequer Bills,
March, 12'. di..

The foreign stock market is inactive, yet the
tendency is rather favourable. Turkish Bonds of
1862 have advanced 3 per oent., and Cousolides,
Greek, Spanish Passive, and Certificates, 1. The
Confederate Loan continues heavy and has further
receded + per cent. Some of the present quotations
are as follows :—Turkish, 1858, 681 to 69 ; ditto,
1862, 692 v.., 701; Consolida, 50a to ;
Greek, 233 to 241 ; Spanish Passive, 32 to 1 ;
ditto Certificates, 14 to 1 ; Confederate, 791 to
soi ; and Mexican, 271 to 1. Transactions are
recorded as follows :—Dutch Certificates, 974 ;
Italian, for account, 66 ; Mexican, for mount,
271 ; ditto, 1864, 23;;, 1 ; ditto Six per Cents., 7
dis. ; Portuguese, 1836, &c., 471 ; ditto, for account,
461 ; Russian, 1862, 871 ; Spanish, 481 ; ditto Pas-
sive, for account, 32, a ; ditto Certificates, for ac-
count,l4l, 14 ;Turkish, 1834, for account, 903, ;
ditto, 1862, La. account, 70 ; Venezuela, 1862,
for account, 56.

International Financial shares are now I iuoted
3k to prem. ; tleueral Credit, nto prem. ;
London Financial, 7i to 8 prem. ; Imperial Mer-
cantile, 2„ to 7, prem. ; Hudson's Bay, 151 to 16} ;
Anglo-Egyptian Dank, 4to prem. ; Imperial
Mexican Railway, to prem. ; Ottoman Societsl
Generale, 1 to t prem. ; Credit Fonder and
Mobilier of England, 21 to 3 prem.
The Leeds 31e.-euey of this morning contains the
following with reference to the difficulties of the
Leeds Banking Company :—" We regret to learn
that telegrams ware received on Saturday
evening in Leeds, stating that the drafts of
the Leeds Banking Company (Mr. Greenland,
manager), hail been dishonoured in London. We
are informed that the business of the bank will
be suspended until the shareholders can be called to-
gether, and that a meeting is intended to be held
on Wednesday next. We understand that an
endeavour will then; be made to obtain further
capital, and an accession of shareholders under
limited liability."
The reduction of 4d. or sd. per lb. which has
taken place in the price of cotton since :.he com-
mencement of the peace discussions in America, is
calculated to bring about a certain degree of relief
in the money market. It stands to reason that if
we have to pay 4d. or 51. a pound teas for cotton
than we reckoned upon paying a few wesks ago,
our pecuniary position is to that extent benefited ;
and the gain in a national sense—whatever maybe the
result to speculative holders overtaken by the fall in
prices—is not slight if regard be had to the propor-
tion which this fall bears to the total price of cotton
in the years preceding the outbreak of the Ameri-
can war. In view of the present altered and un-
certain position of the Liverpool cotton market,
and of the great results which might ensue
to the cotton trade in the event of an armis-
tice being arranged in America, it is probable that
additional caution will henceforward be exercised
by all engaged iu the cotton import trade. Foreign
correspondents will uo longer be allowed to draw so
heavily as heretofore on London firms ; the trade
will be conducted with a smaller amount of specu-
lation ; and it is by no means improbable that
before long the shipments of bullion to,,Egypt,
India, and others of the new cotton-growing coun-
tries, may receive some check. We have yet to
learn the effect pioduced in the Indian markets by
the idea of peace in America, and by the heavy
fall in the price of cotton here. By many it is an-
ticipated that the immediate effect will be a favour-
able movement to a rather important extent in the
Indian exchanges. From these considerations it
will be seen that there is a prospect of some of the
discouraging features now presented in our money
market being obviated.
At Vienna the exchange on London has risen
to 116.10.
No bullion was bought on Saturday by the Bank,
and about 20,000 sovereigns were withdrawn from
that establishment for Mauritius.
The Chins has brought 17,5001. in specie from
New York.
The engagements of the Leeds Banking Conpany,
a provincial joint-stock bank of some importance,
were not met on Saturday by their London agents,
Messrs. Smith, Payne, and Co. Many of the
shareholders, who number: 230 in all, are persons
of considerable wealth. This undertaking was
established iu 13;.12 on the joint-stock principle—
of course with unlimited liability. The paid-up
capital is stated at 110,100!., with a reserve fund
of 80,000/., ace the amount of the fixed note issue
is 23,0761. A dividend of 15 per cent. and a bonus
of 10 per cent. were recently declared.
Messrs. Dawson, Graham, and Pugh, colonial
produce agents, lare stopped payment, owing
chiefly, it is stated, to losses by bad debts. Their
liabilities amount to about 25,0001 and it is be-
lieved that a satisfactory dividend ;All be realised.
The books have been placed in the hands of Mr.
S. Lowell Price, the accountant.
A meeting of the creditors of Messrs. Palmer and
Co., in the East India trade, who failed on the 4th
inst. with liabilities for about 200,0001., is called
for Tuesday next.
A dividend court of proprietors of the Bank of
England is fixed for the 23uil inst.
The meeting of the East India and Londot Ship-
ping Company (Limited), which was arranged to
take place at the London Tavern on Monday, the
19th inst., is "postponed till further notice."
A special meeting of the Central Darjeeling Tea
Company (Limited) is called for the 30th instant,
when it will be proposed, in consequence of the
large number of dissentient shareholders, to wind
up the undertaking " under the direction of the
Court of Chancery."
Notice is given of the closing of the transfer
books of the Fairbaini Engineering Compiny
(Limited), previous to the payment of au ad iateries
dividend.

With reference to the Four-and-a-Half per Cent.
Swedish Government Loan for 2,223,0001. dealing,
notice is given by Meows. J. H. Schrilder and Co.
that the bonds have been received, and will be ready
for issue on Thursday next.
Messrs. Baring Brothers and Co. have announced
the dividends due the 30th inst. on Chilian Bonds ;
also the particulars of the progress of the Sinking
Fund.

OZYSTAL Pares. —B ELF-CROWN DAY.-Siam"-
DAY. 872 T. 17.—Adrainioas is inmost, 1,066; *tie by
mom tialumbi, 2,196; Wale 4110.