The Express.
London, England, 1859-09-14 00:00:00

MONEY MARKET.-THIS D 441.

Two dams.

The funds to-day aro decidedly better, an im-
proved feeling hue been generally shown. The ac-
counts from India are ler unfavourable than
was feared, and the market sympathises
with the firmer appearance of the Paris Bourse.
Consols have accordingly risen per sent. The pur-
chase for account of the Savings Banks has con-
sisted of 10,0001. Consols. In the other departments
of the Stock Exchange a tendency to recovery is
also observable.

The scrip of the New Indian Loan is in especial
demand, and has been dealt In from 100 e to 100 e.
The preempt quotation is 1001 to 1, showing a rise of
e per cent. since yesterday afternoon.
The Three par Cent. Rent.r have receded 6c. at
Paris this morning, the quotation being, according
to Mr. Renter's telegram, 68fr. 600. foe the account.
Consols are officially marked 961 to 1 for
money, and 961 to 1 for the 11th October; the
preseat quotations are 961 for money, and 961
to 1 for the account. India Stock has been dealt
in at 216; the Indian Four per Cent. Debentures of
1869, at 961; the scrip of the New Loan, at 1001
to e; ditto stock, at 1001 to ; India Bonds, at
3s. dia.; and Exchequer Bilk, at 265. prem.
The foreign stock market is very quiet, but
rather firmer in character. Turkish stocks have
improved e per cent., the Old Loan being
now quoted 821 to 831, and the New, 681
to 691, ex di,. Mexican Bonds remain steady.
The scrip of the New Bunion Loan is marked /
and e dis. Balms are recorded as follows :
Buenos Ayres Deferred Bonds, 20; Mexican Three
per Cents., 21; Russian Three per Cents., 1869(ecrip),
/, 1, die. ; Spanish Three per Cents., 46 ; Turkish
Six par Cents., 1864, 831; ditto, for account, 821;
ditto Six per Cents., 1868, 69; ditto Guaranteed
Four per Cents., 1021, 102.
Advice. have been received of the sailing from
Melbourne for England of the ships Agincourt,
Kent, Blue Jacket, and Marco Polo, with
164,371 ounces of gold, worth 667,0001. Adding
the 80,0001. by the Beiehworth, reported by the last
mail, the aggregate ia raised to 737,0001.

Foos o'Ctocx.

Consols continue steady, at 961 to f, both for
money and the account. The scrip of the New
Indian Loan is without change, at 1001 to 4.
There wu quite a panic in Austrian securities at
Amsterdam on Monday: the Five per Cent. Metalline
fell fully 3i per cent. Yesterday's telegram reported
a fresh fall of 2 per cent., but at the close 1$ per cent.
of this reduction had been recovered. At Vienna
on Monday there was a further decline of I per cent.
in the Metallic', and the exchange on London sprang
up from 120.60 to 124.50. An unfavourable and
apparently exaggerated interpretation of the recent
article in the Dlrmiteur seems to have been the prin-
cipal cause of these violent movementa
In some quarters the best bills are discounted at
f per out. below the Bank rate. The business at
the Bank yesterday was limited. In the Stack Ex-
change money is again extraordinarily abundant,
owing partly, perhaps, to the leans by the Council of
India, and large sums cannot be placed on govern-
ment securities at If per cent. per annum.
Official intelligence has been received by telegraph
that the required supply of bonds of the Rug=
Three per Cent. Loan is on the way to this country
from Bt. Petenburg.
The large sum of 188,0001. in gold was sent into
the Bank yesterday, the principal portion being ex the
Eagle, and the rest consisting of " refined? The
total sent in since the date of the last return is about
380,0001. The Tagus has arrived from the Peninsula
with 6,5251. in specie.
On 'Change yesterday afternoon bills on Belgium,
Bt. Petersburg, and Vienna were offered, and the ten-
dency was in favour of this country. The exchange
on Vienna has risen since Friday from about 12.10 to
12.70 to 12.90. On the other hand, drafts on Ham-
burg and Frankfort were in more demand. The
rates are shown below :

Ameterdsm, three mouths, 11.161 to f ; ditto short, 11.14 f
to 151 ; Rotterdam, throe maths, 11.161 to f ; Antwerp,
three moothe, 26.30 Hamburg, marks earn, three
months, 13.61 to f ; Paris, three days sight, 26.10
to 16; ditto, titres months, 26.35 to 40; Frankfort-cm-the-
Maine, three months, 1171 to f ; Petersburg, pm tomb*
three months, 34 to 1 ; 4. do.. three maths,
12.70 to 90; Trieste, ditto, this. months, 12.70 to 90;
Madrid, three =oaths, 491 to 4; Gobs, three maths,
491 to 60 ; Leghorn, three mamas, 30.21 to 71 ; Game
three meths, 26.671 to 611 ; Naples, three mouths, 401 to l;
Palermo, three months. I*.Ml to ; Messina. three woody
1221 to 123; Lisbon, 90 days, 6l le f ; Oporto, 90 days,
611 to 62.
the Russian speculators for a rise in the tallow
market have succeeded in ruining a St. Petersburg
firm of some importance—that of Messrs. J. B.
Kempe and Co. Mr. Kempe was said to be worth
150,0001. a year or two agd, having made
his money b large speculation. in corn
and tallow. His assets will, therefore, pro-
bably prove large, but his liabilities are estimated
in some quarters at no lees than 300,000/. The
proximate cause of his embarrassments is the present
speculation in tallow. Mr. Kempe had entered into
contracts to deliver enormous quantities of the ar-
ticle for the settlement of the 31st of August (12th of
September in Russia). The opposite party had laid
their plane to purchase more tallow than could pos
sittly be procured. At the settlement Mr. Kemp. is
caught, is compelled to buy back upon the sellers'
terms, and fails. Perhaps it is too much to expect
that the mania for gambling in tallow
will be checked by the catastrophe. It
is obvious, however, that penions embarked
in a gigantic " rig," would not be able to get the
market for the time completely into their hands
unless other persons could be found ready, with
equal recklessness, to sell tallow of which they are
not possessed. It is understood that the fosses
resulting from this failure will fall chiefly on
St. Petersburg, though perhaps two or three persons
of substance here may partially share in them.
Mr. Kempe's London correspondent. are stated to
hold corn and other assets amply sufficient to cover
them from loss. At St. Petersburg on Monday the
price of the tallow "settlements" was as high as
82 r., the exchange on London being quoted
34 16.16 d. The tallow market here, however,
is slow to respond to the purely speculative and
exceptional movement of prices in Russia.
The report of the directors of the Lancsater and Car-
lisle Railway recommends a half-yearly dividend at
the rate of 9 per cent. per annum, leaving 2,3001. to be
carried to the renewal fund, and a balance of 1,1471.
to be carried forward.
The directors of the Bank of Australasia announce
a half-yearly dividend of 24.. a share, being at the
rate of 8 per cent. per annum, and also a bonus of
365. a share, making together 41. a share, or equal
to 20 per cent. per annum. •
The ninth disidend, of 20s. per share, is announced
on the shares in the Friesland Gas Company.
The third half-yearly meeting of the Cape Town
Railway and Dock Company is called for the
30th inst.
A meeting of the South Metropolitan Gas Com-
pany is called for the sth of October, to declare a
half-yearly dividend.
Subjoined are the latest quotations of insurance,
canal, and miscellaneous snares, as given in the
Stock Exchange List of last evening:
letrorants Sbares.—Allianos, British and Perelgs,l74
ditto Marine, 60f; Atlas. 171 ; Argus Lila, 261. Globe, 98;
Guardian. 641, 6tf , at div. ; Indemnity Marisa, 172, 1711;
Marine, 110.
Waterworks.—Berlin, 4, 31; Chelsea, New Ouareatesd,
241.
Canals.—Birmieghene 934, ex di.. ; Helmet end Avon, 61.
Bridge—Waterloo, Old Amts. M M., 28, ex dm.
Oes.—Brightoe, 124. - - . - .

With reference to the freight market, the fort-
nightly report of Messrs. Sharer, Lamb, and Co. is
subjoined:
les natural result of the sdrkes from Chins is to mete a
little stir Is fist dinctigs, sad our gootatione mak/ probably