The Express.
London, England, 1848-10-05 00:00:00

MONEY MARKET.

WIIDENIDAT EVENING.
Comas have improved upon yesterday's prices, and
were steady all day at 863 to 1 for money, and 861 to
3 for account, but without any particular activity in
the dealings. Exchequer Bills 30s. to 33e. premium.
Bank Stook was done for the opening at 192, or 3 per
share lower than the last quotation. The addition of
the dividend would make the stock 1953.
The business in Mexican Bonds was scarcely len
animated than before, bat the transactions were of an
opposite character. The sellers were in the ascendantl
terda_y, and prices therefore were depressed to 183 to
3. Fortuguees also did not maintain their posiuon,
though
iazioted 243 to 6. New Granada Bonds were
more freely than natal, which made the

priors better at 111 to 121. Spauish Fives were
called 11/ to 12; the Threes, 23 to 1; Passive, 21 to
3/. Dutch Two-and-a-Half per Cents. were firm at
441 to 61; the Fouts, ex div., 881 to 9/. Russian,
99 to 100, bought at 991. Danish, 83 to 8, ex div.
Brazilian. 72 to 4, ex div. Milian, 83 to 8, ex div.
For some days past reports have been freely cur-
rent about the embarrassed cucumstanoes of the lead-
ing authority of ajoint stock bank, which to-day it
was said could only resolve in recourse to the Cout
of Bankruptcy. Tk.re is nothing to create surprise
in the rumour, seeing that last year only a governor
and directors of the Bank of England, gentlemen of
so muck higher mark, found themselves to difficulties
also, although not reduced to the extremity before
alluded to. In the present case the circumstance at-
tracts the more notice u it issuppueed that some cu-
rious disclosures may arise out of the prooeWings
sooner or later with reference to a liberal but novel
system of beck management which has latterly
grown up under certain auspices to the signal &coma-
modation of some west-end customers more honour-
able of title than their bills are honoured by payment.
Forty or fifty per cent. discount was perhaps too al-
luring &temptation for extra risk, and may help to
mitigate the final loss. . . _

The Manchester Courier pines a statement of the
affairs of Messrs. Soon, Alison, and Co., of this city,
whose failure was announced some short time since,
as laid before t meeting of creditors held in that
town, where their liabilities chiefly lie. The total of
liabilities is stated at 18,3681, and of sasets at 11,7024.
Mr. Chatteria, of Gresham-street in this city, the ac-
countant employed, " reported that the books (of the
concern) had been kept in • most unbusiness-like
manner." Eventually it was resolved that the estate
should be wound up under an assignment to two
trustees, selected among the largest creditors.
' According to the French papers, the state of the
working population of the department of the Seine
continues to be one of extreme miset7. The heads of '
that department had been authorised to raise an-
other loan of six millions of francs for the relief
of the poor, which will complete the sum of
31 millions of francs (1,240,0001.) so raised since the
24th of February last, independent of 17* millions
then existing in the departmental chest, of which the
Provisional Government took possession, but about
its disposal has from that day to this rendered no ac-
count.

M. Ooudchaux, the French Minister of Finance,
has thought proper formally to deny having entered
into any arrangement with the respectable banking
house of Messrs. DeTanx and Co., of Paris, for the
loan of 300,000,000 francs, which has lately occupied
attention' or having authorised them to submit pro-
positions to that end in this market. Upon this it
may be shortly observed, as a fact which has come
within our own knowledge, that two or more highly
respectable parties here went to Paris by invitation,
to confer upon the subject of the projected loan, not
with Messrs. Devaux only, but with M. Ooudchaux
himself.

The death of Mr. C. J. Hambro, the head of the
eminent and old-established mercantile hones of C. J.
Hambro and Son, of Old Broad-street, reported to-
day, I. an event in mercantile annals. He had
attained to the good old age of about 75 years. Mr.
Hombre was reputed to be one of the wealthiest
of our city notables. There are some re-
markable points connected with his career
which are not unworthy of record. He is said to
have begun life as one of the clerks in the then re-
spectable house of Heckschler of Hamburgh, grand-
father, by the way, of the young Heckschler,
written Heckler, the now noted leader of the re-
publican party of Southern Germany. Among Mr.
Hambro's fellow clerks were the late Baron
Steiglitx, the great banker and capitalist of
St. Petersburgb, and the late Mr. Solomon
Heine, the wealthy, and philanthropic as wealthy,
banker and capitalist of Hamburg. The former,
at his death some two or three years since,
was reputed to have left to his successors a fortune
stated at from two to three millions sterling ; and the
latter one-half as much at least. The connexion thus
commenced betwixt these three remarkable men
I laid the foundation of more intimate and bene-
ficial business inter-relationships in after life.
Mr. Hambro removed to, and settled for
some years subsequently at Copenhagen, whilst
Baron Steiglits wended his way further north.
Burmese in trade and commerce crowned the industry
and energy, almost sole capital stock, of the three en-
terprising adventurers, each in his sphere of action,
and they obtained consideration. The late Mr.
Hambro then left Denmark and took up his abode in
Ithis metropolis. About 1810 the Russian government,
and some time later the Danish also, entered into
various financial combinations and loans for raising
money, and drawing in some portion of the vast
I amount of depreciated, and daily depreciating paper
money forced into circulation, which, so far as Russia
at least, threatened the state with irretrievable bank-
ruptcy. In those difficult operations the three old
associates were called upon for consultation and co-
operation. The difficulties were overcome, for to
such men nothing was impossible • and it need not be
said that so immense was their portion of thegain upon
transactions, each of which singly represented millions
of pounds, as in result to place them in rank among
the first capitalists of the day.
Mr. Edwin Beedell, of the Custom-house, has ren-
dered an essential service to the mercantile comma-
nity, and the public in general, by the new edition of
his „British Tariff" for 1848 now just out. In
addition to all the information presented in his last
year's publication relative to customs laws, the mode
of conducting customs business in all de-
partments, the rates of duty, drawbasks, &c.,
and other matter of a more miscellaneous *weep.
Lion, but of not less importance to mensmee
and navigation, the present volume contain' ma meow
sion of various other valuable materials and inforrea-
Ition, brought down to the present time, among which
may be noticed various sots of parliament and other
special documents. The bulk of the volume is con-
siderably enlarged therefore, and its /aloe more than
sammasesurately increased. The possession of such a
week as this, useful to all classes as it must be, would
not be less useful to members of the legislature who
make the laws. It would be the saving to them of
mach time and trouble, for herein they would find, in
a handy and convenient form, a body of Customs' law
and practice for immediate reference, which other-
wise could only be obtained, when at all, by the
laborious consultation of parliamentary records, acts
of parliament, &a
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