The Express.
London, England, 1864-09-22 00:00:00

MONEY MAEKET.-(THIS DAY.)

Two o'Cwci.

The stock markets to-day are heavy. Bales have
been especially pressed during the last hour. The
funds have declined per cent., and many of the
chief home railways to 4. Foreign stocks
are in some cases r►ther lower, except Confederate.
A feature of business to-day is the continued
drooping tendency in the market for Bank shar:a,
which are prejudiced by the failures in course of
announcement.

The discount market presents no new feature, the
demand being moderate, and the rate for good three
months' bills without variation, at SI to 9 per cent.
In the Stock Exchange the terms for short loans are
somewhat higher, at 4 to 5 per cent.
At Paris to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Renter opened at Mfr. 95c:,
showing no change.

Consols are now quoted 88 to * for money, and
88* to 1 for the account (October 11). The
official business report is as follows :
Three per Cent. Console, for money, 88/,
88 ; ditto for account, 881 ; Three per Cents.
Reduoed, 861, 1, ; News Three per Cents.,
861, ; India Five per Cent. Stock, 103/, 104* ;
ditto Four per Cent. Debentures, 991; and Ex-
chequer Bills, March, lls., ss. die.
The Confederate Loan has mproved 1 per cent,
bet otherwise the foreign stock market is
fiat. Anglo-Turkish and Mexican Bonds
have declined 1 per cent., and Passive
*. Some of the present quotations are
annexed :—Greek, 231 to 241 ; Mexican, 271 to 31;
Confederate, 74 to 75 ; Spanish Passive, 311 to 32 ;
ditto Certificates, 14 to* ; Turkish Bonds of 1858, 68*
to 69 ; ditto 1862, 691 to 70* ; and the Consolides,
501 to 51. Transactions are recorded as follows :
—Brazilian, 1852, 1858, 1860, 85* ; Danish, 1864,
92*, 92 ; Italian, for account, 67 ; Mexican,
for account, 27* ; Spanish Passive, for ac-
count, 311, ; ditto Certificates, for account,
14, ; Turkish, 1854, 91, 901 ; ditto, 1858, for
account, 69, ex div. ; ditto 1862, 70 ; ditto, for
account, 70* ; ditto 100/. Bonds, 70*, 1.
International Financial shares are now quoted
21. to * prem. ; General Credit, 21 to prem. ;
London Financial, 7* to 8 prem. ; Imperial Mer-
cantile, 2* tog prem. ; Hudson's Bay, to 16 ;
Anglo-Egyptian Bank, 1* to i prem. ; Imperial
Mexican Railway, par to prem. ; Ottoman SocietA
Goinirale, 1* to 1 prem. ; Credit Fourier and
Mobilier of England, 21 to * prem.
The amount of gold bought by the Bank yes-
terday was 33,0001., making an aggregate of
352,01)01. since the last return, while only 45,0001.
is known to have been withdrawn for exportation.
The bidding* for 30,00,000 rupees (300,0001.), in
bills on India, took place yesterday at the Bank of
England. The proportions allotted were—To Cal-
cutta, 17 ,77 , 000 rupees ; to Bombay, 12,00,000
rupees ; and to ras, 23,000 rupees. The
minimum price was as before—via, la. 11*d per.
rupee on Calcutta and Madras, and is. 111 d. on
Bombay. The applications within the limits
amounted to 98 lace (980,0001.) Tenders on Cal-
cutta and Madras at 2s. will receive about 23 per
cent. ; on Bombay at 2s. Old. about 60 per cent. ;
and all above these prices in full.
On the last occasion the applications within the
limits amounted to 1,300,0001., and before that to
2,380,000/., so that a large diminution in the de-
mand for remittance to India is indicated, owing
doubtless to the paralysed condition and fall in the
Liverpool cotton market, combined with the high
value of money in this country.
The silver market was flat yesterday, owing to the
government bills on India having been disposed of
at a lower price, in the absence of active competi-
tion for them. The high value of money also
tends to check the demand for silver for the East.

A meeting was held yesterday at Leeds of the
shareholders in the Leeds Banking Company, when
some very unfavourable facts with regard to the
management were elicited. Bad debts from cus-
tomers represents total of no lees than 100,0001.,
and it was stated that paper of a very unsound
character has been discounted without the know-
ledge of the directors. No statement of accounts
was presented, but the figures already published
are understood to be substantially correct. A com-
mittee was appointed to act with the directors with
a view to negotiations being opened for the sale or
transfer of the business. It is believed that if the
business is satisfactorily disposed of, it will not be
necessary to make a call of more than 51. per share ' •
otherwise about 201. per share might be required.
About 150 shareholders attended the meeting, but
reporters for the press were not allowed to be
present.

The stoppage of the Leeds Banking Company has
been followed by that of Messrs. Saalfeld Brothers,
of Leeds., woollen merchants and shippers.
The bills of Mr. J. Abraham, warehouseman,
have been returned, owing, it is stated, to the
financial difficulties at Leeds.
The firm at Havre in the cotton trade which has
stopped payment, as referred to on Tuesday, is that
of Mr. J. Dose, and it is understood that the
liabilities represent a large amount, including a con-
siderable sum due to the houses here. Nothing
certain is known with regard to the assets. The
Bank of Franoe is stated to have made advances
upon cotton held by Mr. Dose, but the heavy fall in
the price caused that establishment to demand fur-
ther securities, which Mr. Dose was unable to offer,
and hence the stoppage. The house has been estab-
lished some years, and was in a large way of
business.

The Committee of the Stock &change yester-
day appointed the following special settling days :

Monday, September 26 : Eurt;pean- Cestral Railway-Com-
pany (Limited), for bargains entered into on and after 2:3rd
of April.
Tuesday, September 27: Bank of London New 1004
Shares ; Imperial Mexican Railway Company (Limited), for
bargains entered into on end aster Ist of September (all to
be marked).
The following securities are to be marked in the twice a
week lists :—lndian Tramway (Limited) ; Hanintentnith
:tad City Railway Company (anginal and preference shares).

The London and North Western Railway traffic
return shows this week an increase of 5,9671. over
last year ; the London and South Western an in-
crease of 1,3331. ; the Great Eastern an increase of
1,4741. ; the Great Northern an increase of 1,440/. ;
and the Great Western an increase of 6.1721.

The directors of the South Eastern Banking Com-
pany have made • call of 61. per share-21. 10s.
payable on the 15th October, and V. 103. on the
16th December.

It is intimated that since the prospectus of the
Milian Mining and Trading Company (Limited)
was issued, the undermentioned gentlemen have
joined the direction, viz., Mr. Henry Kendall, of
Old Broad-street, the Peruvian Consul ; and Mr.
William Fawcett, of Salisbury, the chairman of
the East Caradon Mining Company. In the event
of no allotment being made, the deposits are to be
returned in full. It is also announced that "three
more cargoes of ore, estimated at 1,500 tons, are
now on their way to England."
With reference to the market for American secu-
rities, Mr. E. F. Satterthwaite reports as follows .
• - • • -

Since our last there bu beat a large amount of basin'eer
trusacted in the Leedom market for Aroerioan securitica
Malted States 5-20 Breda have been is good demand during
the week, and on mosipt of more favourable intelligeoce by
the Jlllll, advanced to 45, at which large hues were takes,
but on considerable salmi the price at the close was not
batter than 4.3 f to 41. In railrud shares the trusections
have also bees numerous, h u eois Central at ooe time re-
ceded to 51. but coo lower exoluage from New York re-aced
to 53 ; the highest point, howe►er, has not bees =detailed,
and they aloes 52 to 3. For Erie's the inquiry has scarcely
been so great, but they remain steady at List week's quota-
tions. In railroad hoods but little has hese does, few
coming to market. We hereto record an improvement in
Atlantic and Groat Western Second Mortgage, and is the
First Mortgage Bonds of the Pennsylvania motion, conse-
quent on some buying to secure the coupon du let October.

WEDNESDAY ISM/.

Consols, which closed yesterday at 881 to
for the 11th October, opened and closed to-day
at the same quotation. For money the last pries
was 881 to 1. The official business report is as
follows :—Thre per Cent. Consols, for money,
881, 1, ; ditto for account, 881 ; Three pm
Cents. Reduced, 861, ; New Three per Came.,
861, 1; India Stock, 210, 209; ditto Five pa
Cent. Stock, 1031, 104.
The India Five per Cent. stock was steady.
The March Exchequer Bills remain at 15s. to fra.
die., and the June at 255. to 15e. die.
In the foreign stock market the chief feature wee
the continued fall in the Confederate Loan, the de-
proration in which amounted to 21 per coat.,
making a total decline of 6 per cent. in two days,
and of 9 per cent. since last Friday. In other re-
spects this department of the Stock Exchange was
firm. The closing prices, compared with those of
yesterday, show a rise of 1 per cent. in Tackle!,
Bonds of 1862, 4 in those of 1858 and in Italian
' stock, and lin Spanish Passive. Several of the
speculative stocks, nevertheless, closed 1 to 1 per
cent. below the best point of the day.
The shares of the financial companies were steady
in the morning, and rather dull in the afternoon,
when International Financial and General Credit
were a little more offered. The closin/
quotations ere
annexed, viz.:—lnternational, 31 to prem. ; Gene-
ral Credit, 21 to 1 prem.; Lon on Financial,
74 to 8 prem. ' • Imperial Mercantile Credit (anal-
gamated), to / prem. ; Credit Mobilier,
to 3 prem. ex div. and new shares ; and Creditt
Fonder, 21 to 3 prem. ex div. and new shares.
Hudson's Bay shares were rather weaker, at 154
to 1, and Egyptian Trading dull, at 111 to 11 prem.
Discount Corporation, Joint Stock Discount, and
Societe Financiers d'Egypte !therm were heavy.
Royal Mail Steam, and National Steam hare
improved.
The elating quotations for shares in new un-
dertakings are subjoined, viz. :—Anglo-Egyptian
Bank, 14 to 11 prem. ; Imperial Mexican Rail-
way, Ito prem. ; and Ottoman Societe Gish-
rale, 1:: to 11 prem.

MINES.-(THIS DAY.)

Two o'Cuxg.

The mining market is quiet with little busi-
ness. Great Vor and East Caradon shares are
flatter ; the former at 32} to 33, ex dlr.,
and the latter at 2t, to 271. East Grenville
are quoted 71 to /, and Marke Valley 4f to;. East
Basset shares are officially marked 68, and Wheal
Grenville 71.
Foreign and colonial mining shares are inactive.
Yudanamutana exhibit a drooping tendency.
At the Great Wheal Vor United Mines meeting.
yesterday, the accounts made up to the preasest
time showed a balance of assets over liabilities
of 6,5371. A dividend of 12a. 6d. per share was de-
clared, leaving 2,8431. to be carried forward to the
next account.

COMMERCIAL AND MARKETS.