The Express.
London, England, 1847-10-08 00:00:00

MONEY MARKET.

THURSDAY Ityssnro.
A mercantile suspension was reported this after-
noon in the City, but it is understood that at the
worst the amount involved can be of small importance
in comparison with those more gigantic insolvencies
which have unfortunately been so frequent of late.
It is asserted, moreover, that the suspension is likely
to be of temporary duration only, and was mused by
the inability, under the present extreme pressure in
the money market, to realise securities of undoubted
value, for meeting
.engagements at maturity. Re-
ports were current in the City this morning of the
failure of an eminent firm at Hamburg, the intelli-
gence of which was said to be brought in letters from
null, as received at that port by the steamer from
Hamburg. On inquiry, however, in proper quarters,
there would appear to be no real foundation for the
report. The explanation of the mis-intelligence
that the Hamburg home in question had sustained a
loss of some 6,0001. by a failure in the north of Ger-
many of no particular consequence, from the incorrect
reading of which sprang the rumour referred to.
The weekly meeting in the Bank parlour
over without any Ipublic notice of results. ft was
stated, however, that the directors had come to the
resolution of assisting the stock market, or the holders
of stock, by advancing upon funded values, as hereto-
fore upon Exchequer-bills, to a certain extent, and for
a short period. The statement, it should be observed,
requires confirmation, and must be received with
caution, as so evidently in contradiction with the
recent tendencies of banking administration. The
Bank, it may be asserted with greater confidence, is,
however, discounting more freely, which, under actual
circumstances, when accommodation has become so
difficult in all other banking and discount quarters,
must be a sensible relief to the commercial and manu-
facturing interests. It is stated that 60,0001. has been
received to-day in gold at the Bank, and that mach
more is daily looked for.
Upon the whole, the funds may be reported upon
rather more favourably, although Consols left off a
shads below the last quoted prices of yesterday. The
market was, however, more steady, with less specula-
t;ve business, and without those frequent and large
fluctuations in price which have been witnessed
during the last few days. At the close of the market
they were marked 841 to for present transfer, and
844 to t for the 14th, which show a closer approxi•
motion betwixt the rates for money and time, with a
decline of lin the quotations for the latter. At these
quotations, with occasional variations upwards of 1,
they remained all day. Exchequer-bills were 20s. to
151. discount. India Stock was done at the wide
differences of 220 and 227.

Foreign stocks met with rather more attention to-
day, but the transactions were not of important con-
sideration. Brazilian were 76 to 8. Mexican, 181
to 19. New Granada, 171 to 181. Spanish Fives,l
18 to 19 ; the Threes, 271 to 81. Portuguese, 22
to 3. Dutch Two-and-a-Half per Cents., 631 to ;
the Fours, 82 to 4.
The following statement, prepared and condensed
from multiplied official returns, will be found to pre-
sent a simplified and intelligible view of the note sir-
culation of the United Kingdom, and of the coin and
bullion held by the banks indicated, both positively at
the date of the accounts last made up, and compara-
tively with returns for corresponding periods.
The aggregate average note circulation of the
United Kingdom, according to the returns last col-
lectively completed for all the banks of issue, stood,
for the four weeks ending the 11th of September, as
follows :

etWII
Prirs•B
301981110* bake 2,954,284
Lib Sob
Beate& BmW
,781,915
1,207

Total clrculatton on weekly avcrap..

Id. tor the four weeks ending the 14th Aug.

Decrease Sept. 11 £105,352
The decrease was thus composed on balance : For
the Bank of England the decrease was 682,3021. For
the private b e, decrease, 78,9221. For the joint-
stock banks, decrease, 37,0671. For the Irish bank',
48,9331. For the Scotch banks, an increase of
41,8741. Deducting the one item of increase from
the aggregate of decrease, the balance of the latter
remains as stated.

The fixed issues of the private banks being
4,999,4441., it follows they were below the amount
820,2361.

The fixed issues of the joint-stock banks of Eng-
land and Wales being 3,418,2771., it follows they
were below the amount 463,9931.
The fixed issues of the Irish banks being 6,364,4944
it follows they were below the amount 1,306,184 L,
and with specie for 1,632,2221., to cover further issues
besides.

The fixed issues of the Scotch banks being
3,087,2001., it follows they were above the amount
410,3161., but with specie to cover the excess, and
687,4701. besides.
The average of coin and bullion held by the Bank
of England during the four week, ending the 11th of
September was 9,063,3271.; decrease on the returns of
August 14, 316,9841.
The average of specie held by the Irish banks dar-
ing the same term was 1,532,2221. ; decrease on the
returns of August 14, 34,9491.
The average of specie held by the Scotch banks
during the same term was 1,097,7861.; decrease on
the returns of August 14, 39,2221.
The yearly com n shows the following diffe-
rences In the ci tion:
Bank of PMgband, lees £Z177,!70
Prleate MOP, lea
Jokat.Mcek banks, be
Insh banks, less . . 1,539,665
Scotch bank; more 50,7381.

4,018,239
50,738
Lem eireMetioe on avenge, Sept. 11, 1847 £4,035,501
The coin and bullion comparison stands thus :
Irani
Mob baor 7 Irosburd, I.
nks
Soutar beak', more lO,BBOl.

Deduct increue

Deduct increase

7,937,220
16,660

Lew coin and bullion, Sept. 11, 1547
ENGLISH FUNDS.
3 per Capt. Cons. Anna.. 444 it 3 i E.. Ham, 'tow. 3d.. 2016 23 16
India Stock. H. 227 23 15 14 ttn.
Coco* for Account. 844 Ditto. AM. 10 18 10 I db.
4 din pow
FORETO PONDS.mik. Arm:Ulan Bonds, Acct., 6 pies. Spade Bond., Acet. Get.
Ditto. New. IE9 and 39, 76 44 Ditto. AM.. Bond.. 34
1 per Ct. Grenada Bonds. 19 n per Ct. Dutch En. 12 Gull., 534
6 tor Cl. llerlcan Bonds. 1440 Hi Ditto. A.& Get. 14. 434 3
4,4“.., Amount. Oct. 18, IPI ist 4pa Ct. Dutch Certllleotek 53
4 pee CL Sorban... Bomb. Ditto. Lod, Oct. 18. 434

EXCHANGES AND

STOOKS ABROAD.

Tr Lamm.
rails. Om& Mem For
. I',
OP t6ll. gr''"'
T 5 75 10 6 10 76 I
Do
613
63 PerCe3. ta.
• 114 34 114.136 11103 114:36 I 114:40
Do. licing4 0141.064(4.25 211"
Kres. 3697%.
&Ulm 8. 1844 Woks Recta
Do. ti 184.1 I 4„ useo.d. :::::: I 64..4 41
z