The Express.
London, England, 1847-12-07 00:00:00

MONEY MARKET.

MONDLT BVINING.
The money business in Consols has been rather im-
portant to-day, partly because of the period more
nearly at hand—Friday next—when the transfer
books will be shut for making up, preparatory to the
payment of dividends. The Bank broker came in as
a seller of Three-and-a-Quarter per Cents. for some
amount, and various quantities of Consols, money
stock, considerable in the aggregate, were brought
forward for sale also afterwards. The result was,
that prices drooped about II for money, and for
account. COIIIIOIB opened at 851 for money, sad
664 for account. They left off 854 to a for mosey,
and 85i to 6 for account. Reduced Threes, 84 to 4.
Three-and-a-Quarter per Cents., 854 to Long
Annuities, 8 9-16 to 4. Exchequer Bills, 4s. to 7s.
premium. India Bonds, 255. to 17s. discount. Bank
Stock, 187 to 9.
The chief business in the foreign market was in
Mexican Bonds, but the range of variations lay be-
tween 18 to 17! only. The last prices were 17! to
181. Mexican has become a rather favourite stock
for speculation latterly, on the supposition, vague as
it is, in some quarters, that peace must shortyl be
restored with the United States, and otherwise, aithe
stronger incentive, that the agents, who are now
holding an amount in hand nearly equal to one-halt
year's dividend, may shortly be expected to make •
repartition of the funds in hand. Both these expos-
tenons may chance to be disappointed. Bat it need
not be disguised that an impression is unfortunately
abroad that the agents, or parties in relation with
them, are not entirely unconnected with these deal-
ings in the bonds, and these fluctuations in prices,
with what object events only can determine. Theta
is, however, one opinion prevalent among the holders
of Mexican debt, one opinion indeed among the
public, which is, that it is en imperative duty of
the agents with the greatest despatch possible to
relieve themselves of the large funds in their rens-
non, held simply on trust for equitable distribution
among the creditors entitled. The Spanish American
committee perform their duty but laxly and reprehen-
sibly eo long as this obligation of the agents is not in-
sisted on and fulfilled. Brazilian were quoted 79 to
80. New Granada Bonds, 18 to 19. Sparesh Fives
17! to 184 ; the Threes, 29 to 4. Dutch Two-and-a-
Half per Cents. advanced to 55 to 6 ; the Fours, 844
to 55. These stock. come better from Amsterdam on
the 3d inst. ; the Threes only, however, there SS 11-16,
Portuguese 22 to 3.
The sales of money stock to-day appear to have
made some impression on the market, and those par-
ticularly by the Bank broker. There is, however,
nothing new in this sort of operation ; it occurs inva-
riably before every shutting of the transfer books
for the payment of dividends. People choose
to have their funds available for contingencies, and
although at a very small extra cost transfers may be
effected at any time, yet such is the force of habit that
the near shutting of the transfer books always eons
forth sales of stock. The sales of the Bank broker
in

per Cents. can only be ac-
counted for on the supposition that the Bank, having
taken back a coasiderable quantity of stock, say for
about 300,0001., according to the accounts for the
27th ult., upon which money had been raised pre-
viously with a view to check the circulation, was de-
sirous to lessen its stock of government securities is
the banking department. Money was easy to-day,
both on the Stock Exchange, and in the discount
offices. In the former it might be bad family on stock
and Exchequer Bills from 3f to 43 per cent. ; in dis-
count quarters at 5h per cent., and in some inatances
a shade less.

The failure of a small bank, that of Messrs. Gib-
son and Start, of St. Alban's, comes announced in a
Hertford papas. It had a circulation of about 3,0001.
only, and smell as the circulation was it was far
beyond sec/ capital in possession upon which it could
be fob Neither of the partners had any capital,
to ape& et as capital, and although the circular of
the Am immouncing their suspension, charges the
ISM Ire the refusal of the agents to make the ne.
eassary pagesents, it in quite clear the agents had and
meld have as effective funds to advance upon. The
beak was hem the first a nonentity of property.
The meeting of the creditors of MOWS. CONN and
Hillard took place to-day. This is the MS imbesee
of the failure of a purely Americanisms delft the
late portentous time*. The balsassedhseeally
prepared by Messrs. Perrinton and s of
King-street, will speak for itself. The wiredrawe
appears to lie between Manchester, Lame" soll
Nottingham. A long disenselso tsok Am, ample-
fielders of which would peeesseilideistaniel. Sum
principally turned upon tbelldieaof imeilleste
certain house by which Itedmitesseebei hem milk
but which otherwise bel se relations with Vie
house beyond privele• dip with one of the
partners. Even these seemiliss, however, or it pestle
of them, seemed but of a very hypdhstical elonteler.
In result, a resolution Isne eon fey to allow these
weeks for the firm in deka le ma* a proposition
as to what they could pay, and in the sesantinie a let
in bankruptcy, already taken out, wee Sip* Is be
held over. As most of the property is bid in the
United States, and the agent of the house there is
glider signature for between 8,0001. and 9,0001., it
may be feared the whole property there will be em-
bargoed, and that little in that respect will be left
for the creditors. The insolvent firm had a good
commission business, the profits of which were esti-
mated at above 4,0001. a year, but their books were
kept badly—the bad debts were not written off, and
they themselves appear therefore to have been quite
unacquainted with the real state of their affairs until
the moment of stoppage, brought on by the throwing
out of their bills by the Bank of England.
BTATTMENT OT ATTAIRA OT
JOHN 1111,1A8D, 14, T
To
To aednen r err lint
ft r
Vass dam*

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11.460 16
10,634 0

1,T06 IS
3,000 0

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=l:6B6.ll2ilerma
bc,,seel irl Ws

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are to be mli paid

LINT

19,573

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