The Express.
London, England, 1864-10-14 00:00:00

MONEY MAREET,-(TILLS DAY.)

Two o'OuxeL

1 The stock markets to-day show srfurtheralight
but almost general improvement. The Bank of
England return, being regarded as rather satisfac-
tory, has promoted the upward movement. Consols
have risen * per cent., and most of the speculative
foreign bonds *to f. As regards British railways,
there is not much actual movement, but prices are
decidedly firm. This is the fortnightly settling
day.

The demand for money is moderate to-day, but no
transactions are reported in good three months' bills
below 9 per cent. In the Stock Exchange the rate
for short loans on English government securities
has declined to 4 per cent.
At Paris to-day, according to Mr. Reuter's tele-
gram, the Three per Cent. Recites opened at
6Mr. 30c., being fully per cent. better than yes-
terday.

Consols are now quoted 881 to # for money,
and sef to 1 for the account (Nov. 11). The
official business report is as follows :—Three per
Cent. Consols, for money, 881, ; ditto, for
account, 881 ; Three per Cents. Reduced,
861, ; New Three per Cents., 861, 1;
Annuities, 1885, 14 5-16 ; Bank Stock, 235 ;
India Stock, 212 ; ditto, Five per Cent. Stock,
1044, 1031 ; ditto Bonds, Bs. die ; Five per Cent,
" sawed" rupee paper, 100 ; Exchequer Bills,
March, 65., 10s., die. ; ditto June, 245. dis.
The speculative foreign stocks have risen to
per oent. Confederate Bonds have improved
1 per cent., and Mexican 1. Some of
the present quotations are annexed, viz. :
Greek, 221 to # ; Mexican, 263 to ; Confederate,
55 to 57 ; Spanish Passive, 304 to 3 ; the Certi-
ficates, 134 to 1 ; Turkish, 1858 Bonds, 68 to ;
ditto, 1862, 691 to I ; and the Consolidds, 49 to 1.
Transactions are recorded u follows :—Brazilian,
1863, 831, ex div. ; Egyptian, 96, ; ditto,
second issue, 961 ; Greek, for account, 224 ;
Italian, 651 ; Mexican, for account, 261, 1 ;
Portuguese, 1856, dm, 464; ditto for account, 47,
464 ; Russian, 1822, 884 ; ditto 1862, 864, 87 ; ditto
1864, 86, ex div. ; Sardinian, for account, 824 ;
Spanish Passive, for account, 304, 3 ; Turkish,
1862, 681, 691 ; ditto for account, 694 ; ditto 1001.
Bonds, 691.

International Financial shares are now quoted
lf to * prem. ; London Financial, 6} to i
prem. ; General Credit, 2} to * prem. ;
Imperial and Mercantile Credit, 1* to I prem. ;
Hudson's Bay, 15 to * ; Ottoman Soci6t6 Genic-
rale, I to 1 prem. ; and Anglo-Egyptian Bank, i
to } dia.

The steamer Seine, from the West Indies, has
brought 408,000/. in specie.
It appears that the correct quotation of the Bom-
bay exchange is 2s. 1 5-16 d., and not 2s. I 15-16c1.,
as reported in the telegrams published this morning.
The former rate is 3-16 d. lower than that received
by the previous mail, and shows a movement in
favour of England.

Only about 4,000/. in gold was bought by the
Bank yesterday. There were no withdrawals for
export
The City of London, from New York, has
brought 63,0001. in specie.
The Calcutta telegrams mention that the rate of
discount has been raised 1 per cent.
Mr. H. Ledgard, woollen warehouseman, of
Wood-street, trading under the title of Cash and
Ledgard, has stopped payment, with liabilities for
about 35,0001., and assets equal to about 2,0001.
The latter are represented by stock and good debts.
Mr. Ledgard's position being rendered difficult by
the state of the money market, be determined to
dispose of some freehold property, anticipating that
the result of the sale would leave him a surplus of
about 5,000/. The property in question realised,
however, about 16,000/. less than was expected,
and a suspension was accordingly determined upon.
Mr. Cash retired from the firm about two years
ago. Messrs. Edwards and James, the accountants,
will investigate the books.
Mr. Edward Coombe, of Mincing-lane, in the
Spanish trade, has also failed, owing, it is stated,
to the absence of remittances from two or three
houses in Madrid, for whom be had accepted a
large amount of bills. The liabilities, in conse-
quence of this circumstance, are understood to be
nominally large.
The Manchester &delfts announce the suspension
of Messrs. Jasper Brothers, manufacturers, of Cale-
don Mills, Preston, with liabilities to the extent
of about 22,0001., and of Messrs. N. H. Williams
and Ca, of Book-street.

The National Bank of India (Limited), esta-
blished last year in Calcutta, with au induentsal
and wealthy proprietary, has opened branches in
Bombay and London. The latter will be under the
management of Mr. A. F. Hewett, late manager of
the Calcutta branch of the Chartered Bank of
India, Australia, and China. The Loudon direc-
tion will be formed of gentlemen well-known in
London and India. The Loudon offices of the bank
are at 12, Fenehureh-street.
The Lancashire and Yorkshire Railway traffic
return shows this week an increase of 3,2261. over
last year ; the Midland an increase of 6,1471. ; the
North Eastern au increase of 4,1361. ; and the
Manchester, Sheffield, and Lincolnshire an increase
of 1,5151.

We are requested to state that the connexion be-
tween the Humber Iron Works Company and Mr.
Samuelson has terminated, and that Sir. George
Harrison, Late of the Minima Works, lies been
added to the direction, and has been elected
deputy-chairmen of the company, and will take the
whole executive management of the concern.
. .

The prospectus of the Eastern Assent Company
(Limited) 36 issued. The object is to purchase
twelve extensive tea estates, described as already
in profitable cultivation, and situated in the pro-
vince of Assam. Of the 12,000 acres, 1,836 are
planted in tea gardens, varying in growth from one
to fiveyears. The purchase-money for the estates and
the plant and stock is fixed at 150,0001., payable by
annual instalments, with interest at 5 per cent.,
extending over a period of three years. The capi-
tal is fixed at 250,0001., in 25,000 shares of 101.
each, with a first issue of 18,000 shares. 6,000 of
the shares are to be allotted to the vendors, and
8,000 of the remaining shares have been already
subscribed for ; leaving 3,000 shares for the public.
The list is to be closed on Friday the 21st inst. i
. .

The half-yearly interest is ;drertised on Riga
and Dunaburg Railway shares.
With reference to the market for American secu-
rities, Mr. E. F. fiatterthwaite reports as follows :

Although there has been no greet activity in the Loudon
market for American seetwities daring the past week, we
have to record an improvemeat in United States 5.20 Bonds
of 4 dole. ; and in such railroad bonds as bear interest pay-
able in currency, an advance of from five to ten permit.
So little actual business, however, is recorded in the latter,
that quotations are all but nominal. In railroad shares,
Illinois Central show an improvement of about two dollars;
but Erie. remain without alteration. _ _ .

The arrival is announoed in the River Thames,
of the Flying Spur and Falcon, both from Foo-
choo-foo, with cargoes of the new season's tea.
The mails from Calcutta, China, and Australia,
rid Marseilles, are expected to be distributed in
London on Monday morning.
_ _

The chip Fitajames bag [been taken up for the
conveyance of government emigrants to Sydney.
The return of the Bank of England for the week
ending Wednesday, Oct. 12, compared with that for
the previous week, shows the following changes :
Oireuletica issue C26,916,945 Decresie £11,243
Oirealatias active 21,217.320 Decrease 136,295
!Olio deposit' 7,027.224 hiereiee 145,643
Other deposits
Gireeenset securities in

banking department 10,172,343 Nereus 424,692
Otherseeuritiee ua banking
&pertnent
Oolu end bullion is both

depariaoc;ti— ---
13,036,293 luau's 8,068

Seven day sad other bills 557.014 Dearer' 5,188
The Beet 3.194,639 Demme 809,312
Notes in reserve
Total reserve (soles k coin
is honking deperftent) . 6,438,973 Leaven 144,378
This return has not been affected by the payment
of the dividends, which did not commence until
this day, yet it shows some changes of importance.
The continued pressure for money at the Bank has
caused a further increase of no less than
1,086,024/. in the private securities, but against
this has to be set the diminution of 424,021. in
the government securities (mdicating that the
Bank have either sold or borrowed money upon
portion of their government stock), as well as the
increase of 145,0431. in the government deposits,
and 1,474,567/. in the private deposits. The
magnitude of the movement in the private balances
is partly caused by the fact that the dividends due
to the proprietors of Bank of England Stock
have been transferred to this account (the " rest"
having declined in the week from 4,003,951/. to
3,194,6391.), but, after allowing for this, there is
evidence that the demand for money was in no
small degree of a merely precautionary character,
as testified by the storing up in the private deposits
of a considerable portion of the sums borrowed
through the discount office. The net result of these
changes is an addition of 144,3781. to the reserve.
The coin and bullion showing an increase of only
8,083/., though 176,0001. in gold was purchased by
the Bank during the week over and above the
amount withdrawn for exportation, it is evident
that the withdrawals of sovereigns for the pro-
vinces continue.

From the rapidity with which the private securi-
ties havtz latterly run up—the increase during the
last three weeks being as much as 2,021,5211.—it
is inferred that the Bank will be enabled to pay the
October dividends with a comparatively limited
draught upon its reserve, for the great bulk of this
sum of 2,021,521/. consists doubtless of advances
repayable at the dividend period.

BANK 07 ENGLAND.—An
and :Lk Vie., C. 32, for the week
IBoe.

Notts issued

Account ponnant to the Act 7th
ending on Wednesday, Oct. 12,

L 26,916,243

PARTXMIT.
Government debt.. L 11.015.100
Other securities . • 3.0334.900
Gold win and bul-
lion
SUrsr bullion

/26,916,24 S