The Express.
London, England, 1864-10-11 00:00:00

MONEY MARIET.--(T1118 DAY.)

Two o'OLoon.

The stock markets showed a little more firmness
at the opening this morning, but have since be-
come dull. Business is very languid. Console, in
which this is settling day, are now quoted per cent,
lower for the amount, while the price for money
remains the same as it was yesterday afternoon.
As regards other securities there is no general re-
covery in prices.

There is rather less demand for money to-
day, but 9 per cent. ie still the lowest rate
for good three months' bills. In the Stock Ex-
change this morning there was a strong inquiry
for short loans on English government securities,
in connexion with the Control settlement, and the
charge rose to 8 to 9 per cent. The supply of money
having increased, the rate has since receded to 7 to
8 per oent.
At Paris to-day, according to Mr. Renter's tele-
gram, the Three per Cent. Rentes opened at
65fr. 40c., being sc. lower than yesterday.
Console are now quoted 871 to 88 for money,
and 881 to for the account (Nov. 10). The
official business report is as follows :—Three
per Cent. Consols, for money, 871, 88;
ditto, for account, 881 ; Three per Cents.
Reduced, 861, 1, 86 ; New Three per Cents., 861,
86 ; Bank Stock, 236, 235, 237 ; India Five per
Cent, Stock, 104, 1031 ; Exchequer Bills, March,
6s. die.; ditto June, 25e. die.
In the foreign stock market the variations com-
prise a fall of 1 per cent, in Confederate, and 1 in
Turkish Bonds of 1858 and Spanish Passive, but
an improvement of 1 in Turkish Bonds
of 1862 and in Spanish Certificates. Some of
the present quotations are annexed, viz. :—Turkish
1858 Bonds, 68 to 1 ; ditto, 1862, 691 to 70 ; the
Consolides, 49 to I ; Greek, 221 to 23 ; Mexican,
26 to 1 ; Spanish Passive, 30 to ; the Certi-
ficates, 131 to 1 ; and Confederate, 53 to 55.
Transactions are recorded as follows :—Brazilian,
1863, 83, ex div. ; Egyptian, 951, 9611, 96 ; Max- I
ican, for account, 26,1 ; ditto 1864, 241 ;
ditto Anglo-French scrip, 131 die., ex div. ' •
ditto French scrip, 131 die., ex div. ; New
Granada Two per Cents., 28 ; Peruvian, 1862,
for account, 781, 771 ; Portuguese, 1853,
for account, 461 ; Russian, 1850, 821 ; ditto
1862, 87, 86f ; Spanish, for acoount, 491 ; '
ditto Passive, for account, 301 ; ditto,
Certificates, 131 ; Turkish, 1858, for account, 68 ;
ditto, 1001. Bonds, 721 ; ditto, 1862, for account,
691, 1, ; ditto, 1001. Bonds, 691, 70 ; Venezuela,
for account, 21 ; ditto, 1862, for account, 551.
International Financial shares are now quoted
1 to I prem. ; London Financial, 51 to 61
prem. ; General Credit, 21 to, I prem. ;
Imperial and Mercantile Credit, 11 to 1 prem. ;
Hudson's Bay, 15 to 1 ; Ottoman Sociite G6ne-
rale, 1 to I prem. ; and Anglo-Egyptian Bank,
lig
dis. to par.
The stoppage is announced of Messrs. Weber and
Biddulph, merchants, of Philpot-lane.

The evident reluctance of the executive of the
Bank of England to raise the rate of discount be-
yond its present point is regarded with much satis-
faction. It is perfectly evident that a 9 per cent.
rate has cured the foreign drain of gold. Of
this, more striking proof could not be
afforded than is given by the slackening of
the efflux of bullion to India, the com-
plete cessation of that to Egypt (whence, indeed, as
noticed below, sovereigns are now flowing back to
this country), and the consequent rapid flow of gold
to the Bank of England. Thus far, therefore, the
Bank " screw " has done its work, and we have
only to wait for the inevitable turn of the bullion
tide to see our way to a gradual deliverance from
our present difficulties. Whether a similar result
might not have been achieved without the serious
losses which are at present being inflicted upon
the commercial community by the heavy deprecia-
tion of commodities and public securities, is •
question which need not be discussed at the mo-
ment, but upon which many persons, especially
those belonging to the suffering chimes, will not be
found to hold opinions squaring precisely with those
of the uncompromising supporters of the Act of 1844.
Passing this by, it would seem that the executive
of the Bank need not entertain any further anxiety
whatever with regard to our financial and commer-
cial relations with foreign countries, but that they
have only to watch the eddies of distrust which are
circling about amongst ourselves. It must of course
be the earnest desire of the Bank directors to do
their utmost to accommodate the internal trade of
the country at this critical juncture, within
the limits of their means and resources ; and
as • fresh rise in the rate of discount,
besides being, as we have shown, unneoes-1
Nary (so far as its foreign operation is con-
cerned), would have a direct tendency to excite
increased disquietude, and thus prolong a pressure
which it is to the interest of all parties to allay,
the hope is now beginning to be earnestly expressed
that the Bank will abstain from making
any further movement, if possible. This is the
more desirable, because there is at least one other
alternative open to them—namely, that of selling a
portion of their government securities. That this
policy is entertained at the Bank board seems to be
indicated by the fact that the last return showed a
diminution of about 200,0001. in the Bank's stock
of government securities.
The fortnightly settlement in shares and foreign
stocks will commence to-morrow (" continuation
day ") and terminate on Friday.
About 120,000/. in gold,_ being the bulk of the
recent arrivals from New York, was sent into the
Bank yesterday. There were no withdrawals for

export.
The Arabia, from Boston, has brought about
4,0001. in specie.
We have seen telegrams from Alexandria men-
tioning the despatch of 20,000 sovereigns for Eng- I
laud, and more coin was to follow. This reversal
of the usual order of things arises from the violent
revulsion which has taken place in the cotton
market here, in consequence of which orders for
cotton in Egypt have been countermanded or
suspended. The price of new cotton in Alexandria
has latterly fallen as much as 30 per cent., and the
exchange on London has risen.
The ont-going steamer with the mail for Bombay
will take only 42,3501, of which 40,2501. is silver,
and 2,1001. gold.
The silver market remains extremely inactive,
owing to the absence of orders for the riser, and
the quotations both for bars and Mexican dollars
are almost nominal.
The suspension is announced of a French
house of respectability—that of Mr. E. Lazard, of
Moorgate-streak The commitments, which have
chiefly arisen in connexion with cotton bills, are
estimated to reach as much as 500,0001., but nearly
the whole of Mr. Lizard's direct engagements of
, about 293,0001. are covered by document bills from
India and other securities. A favourable view is
entertained of the probable result of the liquidation.
The house has been established some years, and it
would appear that in this, as in so many other
recent cases, the business has acquired an expan-
sion disproportionate to the amount of capital en-
ag The following is a copy of the circular
needd. but evening :
I regret to inform you that foreseeing dieloalties is rem-
bills of exchange negotiated by ma. I hays this day
la the istorest of my creditors tempcsuily insopeaded pip

rent. I bare not the slightest doubt but th►t ray liquid n•
tion will prove favourable ; in the meantime I have to request
your kind forbearance. My books will be at once placed is
the hands of Meson. Kemp, Ford. and Co., accountants.
who will cesteue a meeting of my creditors with the Lisa
possible dalay.—l am year obedient servant,
(twina) E. Lamm

11, Meeepte-etresS, Oat. 10.
A first dividend of 9d. in the pound is announced
as payable to the creditors on the estate of Mr.
W. N. de Mottos, coal exporter, wbo faded at the
end of last year. A further distribution is ex-
pected to be made next month. It is explained
that there will be a diminution in the realisation,
principally in the amounts expected to be received
under coal contracts, mused chiefly by the Danish
and St. Domingo wars. There will, moreover, be an
increase in the claims of creditors partially se-
cured, in connexion with the realisation of the se-
curities held by them. On the other hand, some
addition may be made to the assets through an
lamount derivable from claims representing a total
of 23,9001., but which have not been included in
I the assets. It is anticipated that the estate will
eventually realise a dividend of 3e. Gd. to 4s. in the
pound.
The Brighton Railway traffic return shows this
week an increase of 3,5491. over last year, and the
South Eastern an increase of 4,6491., which is pro-
bably due in part to the influx of people from Lon-
don to view the scene of the explosion at Keith.
The first ordinary meeting of the shareholders of
the London, Hamburg, and Continental Exchange
Bank (Limited) is called for the 25th inst , when •
dividend is to be declared.

A general meeting of the Wallachian Petroleums
Company (Limited) is called for the Bth November.
The half-yearly guaranteed interest is announced
on Royal Danish Railway shares and bonds.

The subjoined memorandum h from the Nova
Scotia Lan: and Gold Company :

The directon of the Nom Scotia Land and Gold Crushing
and Amslgamatiog Company (Limited) have received by the
present mail advice of the shipment of 79 ozs. 1 dwt. of
gold, produce of Sherbrooke and Oldham for September.
rhe agent writing from Sherbrooke nays, in reference to
Sean lode—" This lode ham improved since last crushing.
We have only taken down about eight feet this month
owing to its being rather bard to work from the south deep-
pen coming in. We Dave stink deep enough in the shaft to
prove that those droppers will run out when about five feet
deeper, and then I have no doubt but what we will get the
lode sit along the bottom the same size as in the bottom at
the shaft, 8 inches, and if as good as in the bottom of the
shaft will produce two ors. per ton." From Oldham the
agent writ..—" The Wallace upper shaft is improving -
depth. The quartz we took from the greatest depth, which
is about 50 feet deep. looks very well, and from the prowl
appearance the streak of gold is dipping to the west ; if to,
we will have a great quantity of good quartz to take out.
We are still pursuing the Hall lode, but have not yet
come acmes another of those rich deposits which I Iwo
been anticipating." _ _

. _
The crown agents for the colonies have adver-
tised the interest doe the 15th inst. ou various
Cape of Good Hope and Natal Government Do-
beuturee.

-
The mails from Calcutta, China, and Australia,
rill Marseilles, are expected to be distributed in
London about the 17th inst.
The business in Indian tea has now become of
so much importance as to attract a large share of
mercantile attention. The following is from the
" Indian Tea Circular" of Messrs. Hulbertand
Ws hove to report that two sales With taken place : ens
on the 13th ultimo, comprising 944 packages of prints
growth, &a., of which 632 only sold ; in cothequeoes al tho
generally low quality offered, prima were very irregukth,
Altogether the mole was unsatisfsctory. Pekoe and broken
lest alone seemed to maintain former rates, other north
showed a decline. The other one cm the 27th ultimo, con-
sisting of 930 packages, of which 600 cheats were Amami
Company, per .lane Porter, panned off very well ; the at-
tendance of buyers woe larp, Pekoes and Soucbongs selling
at an &drones of 2d. and Id. respectively ; other sorts won
well supported. A eels in advertised for the 11th
October of 1,745 packages, 773 being Assam Company, per
Cfity of Tanjore ; 183 Jorehaut Company, 113 Upper Amami
Company, the remainder belonging to private growths, Re.
The stock on the let instant was 1,323,000 lbs. spirt
1,099,000 lbs. last year, sod the quantity &Rost 584,972 lbs.
against 838,156 The. In 1863.

MONDAT EViimrs.
Console, which closed on Saturday at 871 to 88,
both for money and to-morrow's settlement,
receded this morning to 871 to 1, but closed at 87
to 88. For the new account (Nov. 10) the lug
price was 881 to 1. The " continuation' was 9-16
to. per cent. The official bus' less report is as
follows:—Three per Cent. Consols, for mossy,
88, 871, 1, 88, 871 ' , 88 • ditto, for amount,
871 ; Three per Cents. Reduced, 861, 851,
New Three per Cents., 861, 851, 861 ; Bank
for account, 236 ; India Five per Cent. Stock,
104, 1031, 104 ; ditto Bonds, 5.., 10s. dis. ;
Five per Cent. enlaced " rupee paper, 100.
The India Five per Cent. Stock was very
steady. India Bonds were dealt in at 10s. to ss.
die. The March Exchequer Bills remain at 10s. to
411. dia., and the June at 23a. to 1.35. dis.
The foreign stook market was flat, and prices
showed a rather drooping tendency. The clos-
ing quotations, though decidedly above the
worst point of the day, were in most came some-
what below those of Saturday. The Confederate
Loan opened at a fresh fall of 3to 4 per cent.,
owing to the news from Amer'ca, but partially re-
covered, so that at the close the decline was I to 2
per cent. Egyptian Bonds and Russian of 1862
and 1864 declined per cent., and Turkish of 1862,
; Turkish Consolides, after falling to 481, left off
at Saturday's quotation. Spanish Passive Bonds
were pressed for sole at one period as low as 291,
but afterwards recovered to 201 to it, being 1 higher
than on Saturday, owing to purchases, combined
with statements that the present cabinet at Madrid
has determined to deal justly with the foreign credi-
tors. Greek Bonds also show an improvement of 1
per cent. on the day.
In the market for bank shares the tendency of
prices continues unfavourable. Alliance Bank
opened heavily, and were marked as low ea 9 prem.,
but afterwards recovered to 101 to 111 prem.,
being only 10s. lower than on Saturday. London
and County Bank declined 21. ; Standard Bank cd
Africa, 3/. ; Merchant and City Bank, If. 10s. ; and
many other stocks in this department, 10s. toll.

Hudson's Bay shares remain at 15 to it. Egyp-
tian Trading were steady at i to 4 prem. City
Offices, London and Caledonian Marine Insurance,
and West India and Pacific Steam shares were all
quoted rather lower. National Steam shares fell
11. 10s. North British and Mercantile Insurance
•hares have improved. National Discount closed
at 71 to 7i prem., being slightly better ; and Joint
Stock Discount, at i dis to par.
Anglo-Egyptian Bank shares closed at I dis. to
par ; Anglo-Mexican Railway, at } dis. to par ; and
Ottoman Socidtd Odudrale, at 1 to 11 prem.

The shares of the financial companies were heavy
in the morning, Internatipnal Financial showing
especial depression, and being marked as low as 1
prem. ; but more firmness was observable in the
afternoon, and the closing quotations in all cases
were equal to those of Saturday. The closing
quotations are annexed, viz.:— Internatiol,
11 to 1.1 prem. ; General Credit, 21 to na
2k
prem. ; London Financial, 51 to 6 pretu. ; Im-
perial Mercantile Credit (amalgamated), 11 to 14
prem. ; Credit Mobilier, 21 to 1 prem. ex die'.
and new shares ; and Crdit Fonder, 21 to d pre".
ex div. and new shares.

United States 5-20 Bonds rose 2} to 3 per cent.
upon the American news, closing at 46} to al.
New Brunswick• and Victoria Government De-
bentures were quoted lower.

.11111188.-(THIS DAY.)

Two o'CLoow.

The mining market continues inactive, sad
with the exception of • decline of ss. in East
Grenville shares (which are now quoted 7} to i)
prices present no alteration, compared with those
last current yesterday. No transactions are
officially reported in the Stock Exchange.
United Mexican and Yudanamutana shares are
flat. The former have been dealt in at!}, and the
latter at 11. Other forcign and colonial mines
are dull.

A bottle thrown into the River Cree, at Newton
Shown* Wtglotoldiro, &Woad, on the Sad d Doman;
1863, with a toommis sookoctl to that (groat, was ploke4
is rishbouroo Omar, oo the wath-owitas toast ol the Lb
of Wight, on the sth V: itebbit,lBo34.

DRAMA.

ILiYIIARKICT.

The Ca:ere of -111(ictlatia h .8 h, en withdrawn from
His bills of this ha Lllll4 anti the I wu-act conisdj-faros of rm.
.ada at Court, in which Mr. Bs tone performs his ori-
ginal character of Gwf,oy Wedrlerhuroe, now supplier its
place, sod I.llows .11adtm.tiveli4 de AU( Isle.