The Express.
London, England, 1847-12-06 00:00:00

MONEY MARKET.

SATURDLT ETZNIXO.
In respect of business this may almost be called a
dies non. The attendance at the Stock Exchange
was very slender, as if by a sort of understanding to
make a holiday. The variations of prices, as well as
the transactions, have therefore been within the most
limited compass. Consols opened at 851 to for
money, and 8.61- to; for time, and left off with a few
bargains only marked 851 to a money, and 861 for
account. Reduced Threes 841 to 4. Three-and-a-
I Quarter per Cents. 85a to I. Bank stock 187 to 9.
LoogAnnuities 8 9-16 to a". Exchequer bills 3a. to
6s. premium. India Bonds 28s. to 235. discount.
Mexican stock has attracted still more attention to-day
than before, and the dealings were more active and of
greater extent than could have been expected iu so
thin a house, and otherwise so circumscribed a market.
The quotation first marked for the Bonds was 18, and
after various fluctuations within a range oft per cent.,
they left off at 171 to 181. Spanish Fives were called
171 to 181; the Threes, 29 to ; Portuguese 22 to 3.
Dutch Two-and-a-Half per Cents. improved to 541;t0
si, on the:prices coming higher from Amst, edam with
some orders for purchase; the Fours, 84 to 1. In other
foreign stocks no transactions took place, nor were
any changes in the quotations marked.
Money accommodation is becoming more easy with
the banks and discount houses, and has been offorded
in some instances at half per cent. below the minimum
rate of the Bank, that is, at 51 per cent. That estab-
lishment, with deposits on the increase, and the re-
serve fund receiving a weekly accession from bill
securities running out and not replaced, will cease to
have the same monopoly of discounts should its pee-
sent rate of charge be maintained, and other par-
ties continue to undersell it. By the returns of last
week, indeed, it would appear that the Bank was
preferentially disposed to make advances on public
securities, rather than lay itself out for discounts; or,
perhaps, being outbid for flrst-class bills, was glad to
employ a portion of its funds in loans upon stock or
Exchequer Bills at Stock Exchange rates of interest.
The government securities in the banking depart-
ment had increased in the woek in question, as would
be observed this morning, by 312,9871.
The bills falling due to-day, as the 4th of the
month, and therefore the particular bill day, are un-
derstood to have been in general satisfactorily met.
The amount, it may be added however, was not con-
sidered to be heavy, nor at this the last month of the
year are bill payments usually so large as in other
previous months of the year, or as they will doubtless
prove on the 4th proximo. There can be no doubt,
however, that as a consequence of the discredit of the
times, the quantity of bills put into circulation and
falling due to-day, was more materially contracted
than usual,

The advices from the United States by the Wash-
ington, represent that on account of the shipments of
specie, and a greater demand for internal dealings, a
sort of money stress had begun to prevail there. The
banks wore discounting only for customers, and
cautiously. The charges for good paper were es high
as 12 pet cent. " In the street," that is on .of the
banks, se much as le per cent. per month was sulked
and paid.
A report has been current today of the failure of
a wooletapler in the Borough, and of a suicide in con-
sequenoe. The name is given, but we do not feel
warranted in mentioning it at present. From Glas-
gow three failures are announced, viz., of Mr. Henry
Forrester, warehouseman; Messrs. Campbell, Har-
vey, and Co., warehousemen; and Messrs. Ferguson,
Watson, and Co., in the silk trade. The first-named
is uadentood to be for a considerable sum.
The creditors of Mr. A. A. Lsckersteen, and of
Mame. Lackersteen and Crake, met to-day, to con-
sider the state of their affairs, ss developed in the
baleate-eheet prepared by Mr. Wright, the mama_
ant. Mr. B. L. Behrende, of Ifewicaseet. was agog
to the chair. It was stated in the cane of the 41e-
melon that the home of Lecterns= Brolbsee; et
Calonta, might be expected to meet all alai=
them 1 and that mow the debts named as
glisci, may, that world be paid in MI, men those
Tasman and Cook. Math meek &pm&
gait the from Inia, and Si realteadma

of consignments there, in respect of the assets; but,
there appeared about nine shillings in the pound on
the cast° of Mr. A. A. Lackerateen, and fourteen
shillings on that of Leckerateen, Crake, and Co. The
inspectors appointed to superintend the winding-
up of the concerns, supposing they should consent to
act, were Mr. James Brennan, Mr. Kingsford, Capt.
Ingram, and Mr. J. Patten.