The Express.
London, England, 1847-11-03 00:00:00

MONEY MARKET.

TUESDAY Ersitisro.
In the early part of the morning the funds were in
progress of improvement, and Consols were called as
high as 82 to 1 for money, and 82! to for account, a
rise equal to Z per cent. upon tho last rates of yeater-
day. At this advance speculators for the fall made
their appearance, and sold freely, so that the rates
had receded at the close to 811 to 2 for money, and
for account to 82. To account for the fall, rumours of
sinister import were not of course wanting. One,
and the first, was the arrival of the overland
mail with unfavourable intelligence ; which,
as no trace of it could be discovered in
any quarter, was converted to a pigeon express, and
subsequently a telegraphic despatch from Paris bear-
ing the same important news. Another flying report
was the suicide of the Renal Minister of Finance.
These baseless rumours are alluded to only for the
purpose of exemplifying to what lengths of absurdity
or invention speculation or ignorance may be carried
or imposed upon. Not less absurd and unfounded
was the report confidently circulated, and believed in
some quarters, that the Bank of England had been'
exacting 16 per cent. on discounts or advances.
Reduced Threes were 801 to 1. Three-and-a-
Quarter per Cents., 82 tot. Exchequer Bills, 20a.
to 15s. discount India Bonds, 335. to 28s. discount.
Long Annuities, 8.1 to 1. Bank Stock, 183 to 5.
India Stock, 227 to 9.
Rather more activity of business may be reported
in the foreign market in the afternoon, in consequence
chiefly of reported orders for purchase received from
Holland and Hamburg. Dutch Two-and-a-Half per
Cents. were done at 531 and may be quoted 53i to 4 ;
the Foams, 81f to 2,1. 'Brazilian, 77 to 8. Mexican,
15; to 161. Portuguese, 21 to 2. Spanish Fives
without business, were called 16; to ; the Threes,
28 to 7 ; Passive, 34.1 to Chihan 85 to 7. A
bargain in French Five per Cent. Rtites was done
at 114 f., at exchange 25f. 80e.
More business was done in foreign exchanges to-
day than far some time past, although lower rates
were submitted to by the buyers. As the usual mode
of paying on the next post day was no longer in
question, therefore longer credits were not asked nor
bills offered on some other place in payment of bills
as before, it was evident that more money was at
market. Notwithstanding the reduction in the rates
on the principal places several of the sellers of ex-
change under no want of funds held over in anticipa-
tion of lower rates still. The negotiations were: on
Amsterdam, 12.9 to 8; ; on Rotterdam, 12.9; on
Antwerp, 26.10 to 20 ; on Hamburg, 11.11 to 13.15 ;
on Frankfort, 124 to 1241; on Paris, 25.9} to 26.10 ;
on Vienna, 10.20 to 25 ' • on Leghorn, 31.50 to 80 ; on
Naples, 381 to 9 ; on Madrid, 461 to i, all at 3
months, On Lisbon, at 60 days, 514 to 2.
By
i the Caledonia steamer, from Hamburg, 90,000
I
Ihalf imperials have been received, say in sterling
about 68,0001. Considerable amounts more are un-
' derstood to be advised from St Petersburg to that
port for despatch to this country. Large quantities
also, according to the Hamburg letters, were arriving
there daily, or advised of as on the way, or in progress
lot remittance, from neighbouring places and interior
parts of Germany, for disposal at the high rates of ex-
' change on England then ruling. In consequence
bills became more plentind, and the rates of exchange
declined to 13.7 at 3 months, and 13.11 at short, at
which there were fewer takers. About 250,0001. in
bullion was expected to be ready for shipment by the
Sirius steamer, now on her way to Hamburg, or
arrived out.
Notwithstanding the decline observed upon in the
funds, it is worthy of observation that the purchases

of money stock were of larger amount, and more
numerous, than for some time past. The fact serves
to show that there is h 0 want of money or confidence
in certain classes of the public, or even in certain
quarters of the Stock Exchange, where money was
still reported to be comparatively easy.
The failure of the Shrewsbury and Market Drayton
Bank, Messrs. Adams and Co., was announced to-
, day. The banking-house of agency here was advised
this morning that a fiat of bankruptcy had been taken
out against the former firm. As the circulation of
the insolvent bank is only stated in the last official
returns to the 23rd ult. at 8,2391., it may be hoped
that no great mischief will result in the locality.
The stoppage of Mr. S. S. Curtis, a factor in the
leather trade in the City, was also made public this
afternoon. The liabilities supposed about 30,000/.
The meeting of the creditors of Messrs. Barclay,
Brothers, was held to-day, at their offices in Austin-
friars. From the following balance-sheet it will be
seen that, as stated at the time of their suspension,
the Mauritius has swallowed up moat of the property
of the house, and been the cause of its failure.
Messrs. Oliverson, Denby, and Lavie, were the soli-
citors of the estate in attendance. We believe that
there was one creditor dissentient from the resolutions
!Bowel and carried.

At a meeting of the creditors of !deur'. Barclay, Brothers,
and Co., held at their counting-hours, No. 12, Austin-mire, on the
2nd day of Noe., !sc.', on the motion of J. Gurney Hoare, F.sq., John
Alves Arbuthnot, Esq., woo culled to the chair. 'rue chairman mated
that the object of the Meeting S. to determine on the course of
liquidation which under the ciretunetances it was most expedient, for
the interest of tne credivaa, to pursue. The chairman then gave
the touowing statement of the debts and enacts

Total amount of acceptanis; W —E11,6711 6 2
Of which—

00,120 0 0

Total to claim upon the estate 0141,555 0 2
Bondry creditors uncovered • • . . 102,684 5 0
8u dry creditors partially secured
Deficit In value of wordy. .. . . 31,262 4 II
Liability in respect of bilis on third
parties bearing our indorsement
Total amount d such bills £158,259 8 10
Of which—
Rod. £3,000
Doubtful, 3,666..._ 1 14000 0 0

187,30115 I
Sundry mall accounts to be paid
in full

C 389,304 16 1

BUM of evehange 7 4
Of whiob doubtful value say 2,000 0 0
9,491 7 4
Produce and shipping documents
in hand 9,000 0 0
Sugar expeeted to have been
shipped from Mauritius before
receipt of news of failure, my
Bills of ex, huge upon houses that
have failed
Valued at
Balance of
.11MOUnt with mere _ _ _