The Express.
London, England, 1864-09-29 00:00:00

MONEY MARKIITe-(THIS DIM

Two o'Ogam

The stock markets opened this morning
with steadiness, but have since become ,
dull. The funds are now quoted 1-16 to
per cent. lower than yesterday. Home
railway stocks, in two or three cases, have
slightly receded. Banking and financial shares are
without recovery. Business is very inactive, apart
from that connected with the settlement, which '
will be completed to-morrow.
To-morrow being the last day of the quarter,
there is a good demand for money, and most of the
transactions in good three months' paper have been
at 9 per cent.
At Feria to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Rentes opened at
66fr. 75c., being sc. lower than yesterday.
Consols are now quoted 874 to 4 for money,
and 871 to 88 for the account (October 11).
The official business report is as follows :
Three per Cent. Consols, for money, 871, 4 ; ditto
for account, 88, 871 ; Three per Ceuta. Reduced,
86, 851 ; New Three per Cents., 861, 86, 854, 3 ;
India Five per Cent. Stock, 1034, 3 ; ditto Bonds,
265., 28e. die. ; Five per Cent. "enlaced " rupee
paper, 101, 4 ; Exchequer Bills, March, 4s. dis.
Foreign stocks present little change, business
being dull, with the exception of a fresh fall of
2 per cent. in the Confederate Loan. Anglo-Turkish
Bonds are firm. Some of the present quota-
tions are annexed, viz.:—Mexican 27 to ; Con-
federate, 66 to 66 ; Spanish Passive, 301
to 314 ; the Certificates, 131 to # ; Turkish
Bonds of 1858, 684 to 69 ; ditto, 1862, 691
to 704 ; and the Conaolid6s, at 604 to k.
Transactions are recorded as follows.—Brazilian,
1863, 854 ; Egyptian, 97 ; ditto second issue,
964 ; Greek, 234, 23 ; ditto for:account, 231x,1; ditto
Coupons, 94 ; Mexican, 274, 261 ; New Ora•
nada Deferred, 61 ; Russian, 1862, 871 ; ditto
1864, 881, 4 ; Sardinian, 821 ; Spanish, 494 ;
ditto Passive, 31; ditto Certificates, 134; Turkish,
1854, for account, 904; ditto, 1858, 1001. Bonds,
73 ; ditto, 1862, 694; ditto 1001. Bonds, 70, 694 ;
Venezuela, 201.
International Financial shares are now quoted
11 fib 2 prem. ; General Credit, 11 to 24 prem. ;
London Financial, 64 to 3 prem. ; Imperial Mer-
cantile, 14 to 4 prem. ; Hudson's Bay, 15 to i ;
Anglo-Egyptian Bank, to 1 prem. ; and Otto-
man Societe G6n4rale, 14 to 1 prem.
About 62,0001. in gold was bought by the Bank
yesterday, and 30,000 sovereigns were withdrawn
for Portugal. Including yesterday's transactions,
257,0001. has been sent into the Bank since the
date of the last return, and 125,000/. withdrawn
for export.
The Atrato, from the West Indies, has brought
456,0001. in specie ; and the City of Washington,
from New York, 98,0001.
The mail steamer Parana, from Brazil, has
reached Lisbon with 9,3961. in specie.
The difficulties of Mr. Francis Clough, a large
for in cotton, have been referred to in
speculator
circles for some days past, and the sub-
joined circular has been issued, announcing his
actual failure. The total liabilities, it is thought,
will reach about 500,0001., but security (cotton) is
held for a large portion of these, so that the direct
engagements may not exceed 150,0001. to 200,0001.
The liquidation, it is feared, will show very unfa-
vourable results. The stoppage has of course been
caused by the great fall in the value of cotton. Mr.
Clough commenced 'ominous here in 1862 with
a capital, it is stated, of about 60,0001., which he
had amassed in India, and his operations in cotton
have been to an enormous extent.
mint to have to iusform you, that the heavy fall in
eotton has placed me in such a position that I have been
compelled to suspend payment. I have, therefore, placed
my ani. is the hands of Mears. Edwards and James, who
will very shortly place before you ristatement of my affairs.
Soliciting your forbearance meanwhile.—l am, Sc., FRANCIS
(Aqua& —152, Orsaliam-house, Old Broadetreet, Sept. 21.
An important mercantile suspension is stated to
,have taken place at Vienna, with liabilities to a
considerable amount

The meeting of the Leeds Banking Company,
fixed for yesterday, at Leeds, bad been looked for-
ward to with extreme interest. The total liabili-
ties were stated at the meeting at 1,330,3081.,
including unsecured creditors for 639,3371. Other
creditors hold security to the extent of 90,9711.
The liabilities on bills receivable bearing the en-
dorsement of the bank amount to no leas than
1,990,9911. Of this, 1,000,0001. is estimated to
rank against the bank, and, deducting from this
400,00 W., estimated as likely to be recovered from
the drawers, arc., there appears to be a deficiency of
600,0001. on the bill accounts. This of itself seems
to involve a call of upwards of 801. per share upon
the unfortunate shareholders. The total assets of
the bank were stated at 826,6951. The meeting de-
cided that the company shall be wound up, and
Mr. C. Butler, of London, Mr. W. Ledgard, of
Eyrea and Sons, of Leeds, and Mr.,Wm. Turquand,
the accountant, of Messrs. Coleman, Turquand,
Youngs, and Co., of London, were recommended as
liquidators.
The London and North Western Railway traffic
return shows this week an increase of 5,3111. over
last year ; the London and South Western an in-
crease of 4,3601. • the Great Western an increase of
5,9991. ; the Great Eastern an increase of 8931. ;
and the Great Northern an increase of 2,0761.
The directors of the Aberaman Iron Works (late
Crawahay Bailey's) have made a call of W. per
i share, payable by Oct. 14.
The directors of the London and Southwark In-
surance Corporation have appointed Mr. W. P.
Reynolds manager of the corporation, and will
commence business to-day (the 29th) at their tem-
iporary offices, Alliance-chambers, Southwark

- The *bare certificates of the Oxford and Canter-
bury Hall Company will be ready for delivery on
Saturday next.

The preparations yesterday for Friday'e settlement
have shown diminished rates of "continuation" on
the shares of most of the financial companies in
consequence of the extent to which speculative
sales have latterly been pressed. The rates on Inter-
national Financial and General Credit shares were
especially lighter. Among bank shares, those of
the Alliance Bank seem to have been more par-
ticularly selected as the medium of specu-
lative sales, and in consequence of the scarcity thus
occasioned at the settlement, the dealers were bor-
rowers of these shares at one period of the day.
The rates of " continuation " on home railway
stocks were generally much the same as at the last
settlement, but in some cases were rather easier.
The downward movement in banking and financial
shares has added considerably to the amount of the
transactions awaiting adjustment at the settlement,
yet the total in the various departments of the
Stock Exchange seems to be only moderate. There
was no " oontango " on Anhlo-Austrian Bank
shares, the dealers being borrowers of them. The
following shows the terms generally current yes-
terday afternoon :
Great Western Railway stock 5-16 to 7-16 cost.
Lancashire and Yorkshire f to I
tr
London sad North Western a to
Midland
Great Northern, A a to
Metropolitan
South &stern 5-16 to 7.15 „
Sheffield to
(6 to 5:16 "

Great Eastern _ _ 3-11

Groot Wistaria at Clastait 6d. to la. „
Erie l.lB to 1-16

Luzionboarg
Bush.

8 to 11 p.c.
8 to 11 pze.

I:4mnd Credit

.is. amt.

ot:r1
.1.
&Dolt/
ID 6d. to L. ~
Coslodiosto Liao - 1 " .9
1 n

34-4 io a-.

(husk Wand

"fii. to

•_DWG= 3-32 to 5.32 ~
Dltto, 1864 3-32 to 5.32 „
3:32 to 5-32 ..gse •
latvl 8 par oat.
iroootoolo. 1862

1 With Mimeses to the .srkat for Amides. as-
amities, Mr. I. T. Ratierlbwaile reports se Selienn:
10 the Ida merhil Ise Amebas esseettles
pas week then bee gain less a eseidesehle
especially in Untied Maas LW Desk hat 1111 begs Mrs
a slight dallies gnome sleet el Me ream
market iedadag babe le elke Ibis rather am bed,.
Present geoisilens lesse Mweit ea *sir lapertymn
ties Now Yak. The iNsgai to hey Meer eed
shares has easnewbei tided, eed they &MI 2 Ode. mg
1 doL rapidly* lamer them Mb iley week.
A special mesCag of the Lemke ail South
Western Railway Company is called for the 3rd
November, to elect a director in the room of Mr. W.
8. Portal, resigned.

WIWI:WAY IYIIIIIPII.

Consols, which closed yesterday at Mii to
for the 11th October, opened this morning at the
same quotation, and closed at 88 or tr/ 16-16
to 88 1-16. For money the last price was $74 to '-
The official business report is as follows :
—Three per Cent. Consols, for money, 871,
ditto, for account, 88. j, 88 ; Throe per Casts. Re-
duced, 851, 86, Ng; New Three per Cents.,
83;i, 86j ; Red Sea Telegraph, 19j falls
Stock, 209 ; ditto Five per Cent. stock, lot, 10*
j ; ditto Four per Cent. Debenturra, 964 ; this.
Bonds, 20a dia. ; Five per Cent. " refaced*
rupee paper, 100; Bank Stock, fur account, 243.
The India Five per Cent. Stock WAS rather
flatter. India Bonds were marked 2ils. lu. The
March Exchequer Bills were quoted 12.. to 4s.
dia. ; and the June 23e. to 13e. dis., besng rather
firmer.

The Confederate Loan, was extremely heavy to-
day, and experienced a fall of no lees than per
cent., owing partly to the defeat of the Confederate
General Early in the Shenandoah Valley, huh
chiefly to the prospect indicated in the mend
vices of the re-election of President Lincoln. The
general tendency of prices in this department w
downwards, especially in the afternooe. Porta-
guese Bonds and Venezuela of 1862 fell a per oast I
New Granada Deferred, Turkish Bonds of led,
and the Conso'ide's' 4 ; and Grea, 51exic.in, sad
Italian' I} per cent. Spanish Pmaive oft
the other Land, came suddenly into ri quest in the
afternoon, owing to the more encouraging tear
the advice. from Madrid, and the price nee i to
per cent. The Certificates shared to a le." ettent
in the upward movement.
Bank shares are still falling. Alliance flank
declined about 21. 104., closing at 17 to 10 prema
upon the announcement of the failure "I a specu-
lator on the Liverpool Stock Exchanc. ale ad
Bang, Ci '
Bank, and t Orme
fell about 21. ; Bank of Hindustan, 11. 10s. !In
many other stock, 10s. to 11. Consolidated Bask

and Land Mortgage Bank of India shares WWII
exceptionally firm. Anglo-Egyptian Bank shares
were last quoted to I prem.
Hudson's Bay abates were fiat at 15 to
and Egyptian Trading steady at } to j
City Oboes, Discount Corporation, Panama loyal
Mail Steam, West India and Plicate Steam, and
Universal Marine Insurance shares, have all

The shares of the financial companies were again
depressed. Imperial Mercantile Credit were espe-
cially heavy, falling lla 6d. to lix a Aare.
General Credit declined 2s. 6d., and International
about 6s. The closing quotations are anuezed, via ;
—lnternational, If to If prem.: Grum' Credit, If
to 2 prem.; London Financial, 61 to j prem. Im-
perial Mercantile Credit (amalgamate!), I I to If
prem. ; Credit Mobilise, to 2 prem. ex dlr.
and new shares ; and Credft Foncier, I f to
prem. ex div. and new shares.
Victoria Government Debentures were offered.

United States 5.20 Hoods were quoted 43 to I.

COMMERCIAL AND MARKETS.