The Express.
London, England, 1851-09-25 00:00:00

MONEY MARKET.

THIS DAY.

Two o'Ci.ocx.
A further improvement of 1 per cent. was observa-
ble in the English stock market during the earlier
hours of business this morning, the usual purchase
on public account giving an additional stimulus, and
the price rising to 96,, both for cash and time. A
slight reaction has since occurred, however, but the
present quotation is still t higher than it left off
yesterday, being called 901 to for cash, and 961
to 2 for tho 14th of October. The government
purchase was the first money bargain of the day, and
was effected at 911. The official statement of the
day's business is as follows :—Three per Cent. Con-
sols, 961, 4, Z, 4 ; ditto for account, 964, 1; Three per
Cent. Annuities, 1726, 951; Annuities of 30 years,
expiring 1660, 71, 3-16.
The market for the unfunded securities has assumed
a somewhat steadier look, and quotations arc better
maintained. Exchequer Bills rule at 435. to 465.
prem., and India Bonds at 475. to 50s. prem., without
a great deal of movement.
Though still inactive, the foreign stock market
wears a steady appearance, and prices arc in most
instances firmly maintained. Spanish, Peruvian, and
•••• Atte to-day rather better, the scrip of the
t named loan having rallied to 21 discount.
Venezuelan Bonds, on the other hand, have,
been sold at a lower figure, in consequence
of no definite advises having been as yet re-1
mired relative to the decision of the council of
government on the agreement for the settlement of
the debt. Equador and Grenada Bonds are also flat,
with the intelligence of fresh revolutionary move-
ments in each of these unfortunate states. Mexican
Bonds are rather steadier, though little disposition
is evinced to support the market, and most of the
late speculators for a rise in this stock have
" turned their accounts." The figures at which
business has been transacted to-day are as follows :
Belgian Four-and-a-Half per Cents., 931. Dutch Four
per Cent. Certifs.,92l, Z; ditto for acct. Sept.3o, 921.
F:quador Bonds, 31. Grenada One-and-a-Half per
Cents., ex Dee., 1849, Coupons, 14. Mexican, 26,
Peruvian Five per Cents., 1819, for account, 90.
Sardinian Scrip, 21 dia. Spanish Active Five per
Cents., 201; ditto Three per Cents., 37. Venezuela
Two and-a-Quarter per Cents., 29.

We have received a very lengthy communication i
from the committee of Spanish American bond-
holders, regarding the Venezuelan debt, which may
be compressed into a few lines. Up to the 26th
August, Mr. Lord, the agent of the bonholders, had
not been able to obtain the sanction of the council
of government and the signature of the pre-
sident to the agreement proposed on the 26th
June for the settlement of the arrears of inte-
rest. The Finance Minister, however, had stated
that its terms had been accepted by the government.
These terms are, that the four years' interest due up
to the Ist of April last, amounting to 192,1461. bloll
be capitalised in Five per Cent. bonds, and that a
special annual appropriation of 10 per cent. on that
amount shall be made, one half to be applied to the
payment of dividends upon it, and one half to the
redemption of the principal. Also, that the remit-
tances for the purpose shall commence forthwith, the
estimates of revenue for the current year showing a
sufficient surplus.

At a meeting of the creditors of Messrs. eastern,
Giustiniani and Co., held yesterday,at No. 8, Frede-
rick's-place, Old Jewry, Mr. Lc Breton in the chair,
a statement of the assets and liabilities was read to
the meeting by Mr. Coleman, the accountant, and
the meeting having come to the conclusion that it
was expedient that the affairs should be wound up
under a deed of arrangement, with the supervision
of inspectors, it was thereupon resolved that Mr.
Whateley, of the firm of Le Breton, Whatelev, and
Co., and Mr. William Kettlewell, of the lonian
Bank, be requested to be inspectors, with the
power to appoint a third inspector. That a deed of
arrangement be prepared with proper provisions for
the winding up the affairs under the above-mentioned
inspectors, and for securing the due liquidation and
the early distribution of the newts pro rota amongst
the creditors, and according to the rules of admi-
nistration in bankruptcy, and containing a
covenant by.Mr.Castelli to carry on such liquidation
under the inspectors, and covenants on the part of
the creditors not to sue Mr. Castelli for twelve
months; and that the inspectors shall have power to
enlarge that time if they shall deem it necessary;
and that at the expiration of such period, or of such
enlarged period, and upon Mr. eastern assigning the
outstanding assets to trustees for distribution among
the creditors, he shall be released from all claims.
' The deed shall also contain such other provisions as
Tare usual in deeds of inspectorship, and as shall
be approved of by the inspectors on behalf of the
creditors. That creditors, according to this arrange-
ment,:shall not be prejudiced as to any securities or
lien they may be entitled to, or as to their rights
against third parties. That the signature of this
memorandum, or of the deed of arrangement, shall
not prejudice the rights, remedies, or position
of any creditor against or in respect of the
parties at any time members of the firm
of Castelli, Giustiniani, and Co. That the inspectors
shall be at liberty if they shall think tit to release to
Mr. Castelli his furniture and such other private
property at his residence as they may think fit.
That in the meantime, until the deed of arrangement
shall be executed, a copy of these resolutions may be
submitted to the creditors, and shall form a memo-
randum of arrangement for the administration of the
affairs. The thanks of the meeting to the chairman
were then moved by Mr. Cunliffe, and seconded by
Mr. Chapman, and carried unanimously.
The following is the statement of liabilities and
assets presented to the meeting.
Ilah.litiss as ptr Mmes.
Ds. per the Creel- Cuetelll'alseti-
ton' owe so- Rates of
Muni". seetnities.
To bills maple unoovered £102,070 1$ 10 t 102,05 13 10
To bills psyaalu, agalust which
afldloreamount hirctbr_sd to
the
£51,173 12 II
Estimated value of
goads 55,216 12 Ii

Purples to contra 54,073 0 0
To bills rayabls, against which
pole ere hypo:Monied
511,430 1 1
Secluded value of

—Eels - 10,195 611 1,134 14 2 1.134 14 2
To creators as apes secponts
, 19,934 211 111,844 211

lb creditors on aocounta current,

holding security, after deducting'
estimated value of securities 30,520 14 7 18,710 0 8
b 14bihtks oa bills receivable am
account of Raster and boa 53,100 0 0 63,100 8 0
b ditto on general account, the
whole of which it i. exp.eted
•iil be duly honoured at MAW-
sity £111,283 3 8

Total liabilities C)06,666 3 6
Total liatatiles as per Quasill ---
sad Co.'s (etiolates 0191,875 it 7

Mars ma per
Mererseas.
teltereeti.
=reser
seeurttee.
t 1,940 13 1

By debtors good'-.
By debtors doubtful .. Zl6O 14 $
By surplus from goods bypoths.

Amete.
C 1.960 13 1

intodi per nalt4
By surplus from !roods held by cre-
ditors as security
By sundry property

4,073 0 0

4,073 0 0

1,619 3 11
7,638 0 0
16,000 N 0

11.011 10 0
7,623 0 0

Total SLIOOI

Total ameta saws Castelll and Wiestbastes 14,711 II I
A fair amount of business has offered during the
week in the market for Bank shares, and prices in
many instances show an improving tendency. Sales
are reported as follows:—Amsterdam (40/. paid),
38/ ; British North American (501. paid), 45 ; Colo-
nial (251. paid), 101, ; London Joint Stock (10!.
paid), 181, ; National of Ireland (22/. 10s. paid),
17, 171; Provincial of Ireland (251. paid), 424;
South Australia (25!. paid), 251; Union of Aus•ralia
(25L paid), 351. (; Union of London (10!. paid), 141.
Prices of dock shares remain as before, except
Southampton shares, which have been offered more
freely. Commercial Stock is quoted SI; East and West