The Express.
London, England, 1847-10-21 00:00:00

MONEY MARKET.

WEDNUDAT Eviwuse.
From Liverpool we had nothing more unfavourable
this morning than what was already known. But
reports ran rather strongly in the City of the desire
of the prime minister to come to the assistance of the
commercial community in the mode pointed out of an
extra issue of bank notes, notwithstanding the objec-
tions of one or more of his colleagues, which he was
disposed to overrule. Whatever of substance there
might be in these rumours, the funds rather improved
upon the strength of them. The opening quotations
of Consols were 791 tol for money and 80 to 1 for
time, but they left off after various fluctuations, 791
to 80 money, and 80! to 1 for account At one
time they were Ito better. The improvement in
the market was, however, much sustained by the un-
common number of small purchases for investment
going forward on account of the lower and middle
order of the recipients of dividends. Respectable
brokers state that within their experience there has
seldom or ever occurred in one day so large a can-
coarse of persons in the Bank of England attending
for the purpose of completing transfers of stock. So
also it was in the railway market. The fact is credit-
able to the sagacity of the small capitalists or the
public. Heretofore it has been remarked of them
that they held aloof when the prices of seenri•
ties were low and-discouragement-was abroad, and
purchased only when prices were high and appearances
flourishing. How ;they have found the true policy
of buying in the cheapest market, and so will be
enabled, if it may suit their convenience, to sell here-
after in the dearest. Reduced Threes were 79 to 1.
Three-and-s• Quarter per Cents., 791 to 80. Ex-
chequer Bills, 30e. to 235. discount. India Bonds,
40a. to 355. discount. Bank Stock, 180 to 2. India
Stock, 222 to 224. Long Annuities, 8 1-16 to 3.
A alight improvement may be noted in foreign
stocks towards the close of the day, but the dealings
were upon a small scale only. Dutch Two-and-a
Half per Cents. left off 521 -
to 31; the Fours, 80 to 2.
Spanish Fives, 161 to 171; the Threes, 261 to 71.
Mexican, 161 to 171. Portuguese, 19 to 21.
The meeting of Messrs. Hestia and Hutchinson's
creditors took place to-day at the offices of Messrs.
Parnther and Fisher, solicitors. The balance-sheet
prepared by Messrs. Quilter, Ball, and Co., showed a
total of debits of 50,4511., and of credits of 40,79411.,
after deduction of estimated expenses of liquidation.
The failure of the house was stated to be attributable
to bad debts sustained to the extent of about 30,0001.
within the last 12 months. In result the creditors
agreed to accept a composition of 15s. in the pound,
payable by instalments running over a period of 15
months.
The creditors of Messrs. Perkins, Schluss.r, and
Mallen', held their muting to-day at the offices of
Messrs. Crowder and M iynard, solicitors, to receive
the report of the nem nt ants (Messrs. Quilter(tall,
and Co.) elfliointed to investigate the state of tffi-con-
cern. The following balance sheet was exhibited:

CM.
Brcosh In hand. ...... ......
Hr hills on hand, onoligorod good
fol. 36
By matudry debtors—
W. taul .22.221 2 I

AND

Z .. d.

4.3,513 1 U

16.4G7 9 9

64,013 17 1

3,333 7 8