The Express.
London, England, 1860-08-24 00:00:00

24, 1860.

MONEY MARKET.-THIS DAY.

Two o'C Lotz.

A fresh decline of I per cent. has taken place
to-day in the funds, the weather being very wet
and cold. A dispiriting influence is also exercised
upon the other markets. British railway btucks
have fallen.

At Paris to-day (Friday) according to Mr. Reu-
ter's telegram, the Three per Cents. Rentes opened
at 68.15, being the same as at the close of business
yesterday.
Consols are officially marked 921 and 921 for
money, and 921 and 921 for the 6th of
September. The present quotations are 921
for cash, and 921 to for the account.
The Three per Cents. Reduced have been dealt
in at 931 and 1 ; the New Throe per Cents., at
931 and ; the Thirty Years' Annuities, expiring
in April, 1885, at 161 and 161 ; the
Indian Five per Cent. Stock of 1859 at 1031 ; the
Indian Four per Cent. Debentures, 1858, at 961 ;
India Bonds, at Bs. to 45., dia. ; and Exchequer
Bills (small), at 3s. prem.

•
Since our last report we have had a general improvement
in the market for American State securities. With an in-
crewed demand for these for investment, there has also been
an increased speculative business in railroad bonds and
shares, and prices have continued to advance.

THURSDAY EVIDMIG.
Console, which closed yesterday on to 93
for the 6th of September, opened this morning at
the same quotation, and closed at 93 "sellers,"
after touching 93 " buyers." For money the last
price was 92/ to 93. The official business report
is as follows : Three per Cent. Console for
money, 92i, 93, 112 i, and 93 ; ditto for secouat

The foreign stock market is dull, with little
change in prices. The Turkish Loan of 1854 is
quoted 734 to 74, and that of 1858, 80 to 4.
Sales are recorded as follows :—Dutch Two-and-a
Half per Cents., 64# ; Mexican Three per Cents.,
for account, 20# ; Portuguese Three per Cents.,
434 ; ditto for account, 43# ; Russian Five per
Cents., 108 ; ditto for account, 1074 ;
ditto Four-and-a-Half per Cents., 931, 4 ; Sardinian
Five per Cents., 821, ; Spanish New Deferred
Three per Cents., for account, 40 ; Turkish Six
per Cents., for account, 601.
It is announced from Paris that, by an imperial
decree just issued, the ports are opened for the
admission into France of all kinds of foreign grain
and flour until the 30th of September, 1861,
at the present minimum import duty of &I. per
quarter, and free of tonnage dues, irre-
spective of flag. The prompt action of the
government proves that the deficiency in the French
harvest is as large as was feared. Hitherto the
duty on the importation of breadstuff,' into France
has been regulated by a sliding scale applicable to
four classes. The highest scale of duty was heavy,
whilst the lowest was equivalent to only about 6d.
per quarter. French buyers will now compete with
us more freely fur the required supplies, not only
in the markets of the world, but also in our own
ports.
The course of the Vienna Bourse is still strongly
indicative of anxiety, owing partly, uo doubt, to the
progress of events in Italy.
No bullion was bought by the Bank yesterday.
The City of Washington, from New York, has
brought 86,0001.
At a meeting yesterday of the creditors of Mr. E.
M. Abbott, of the Bow brewery, who reoantly stopped,
the balaneeeheet was presented by Mr. Quilter, of
the firm of Quilter, Ball, Jay, and Co., acoountants.
The immediate cause of the suspension is the re-
fusal of the government at Calcutta to accept a
consignment of beer, on the ground of its late ar-
rival. A remittance of 12,0001., expected by the
Calcutta mail which arrived in London on the 6th
inst., consequently failed to come to hand. Had
the consignment in question, however, been ac-
cepted by the government, there would have been
an actual loss of 8,4601. on the transaction ; and it
appears that on the first contract entered into with
the East India Company 13,0611. also stands as a
loss, in addition to 26,7761. on another contract
with the Council of India. Surprise was expressed
that the more recent operations should have been
entered into, especially as the terms of Mr. Ab-
bott's contracts appear to have left him entirely at
the mercy of the government, who, it warn consi-
dered, have acted with extreme rigour. From the
Ist of July, 1856, to the 6th inst., the period
within which the operations above referred to
have occurred, a profit of 7,1211. is shown on
other consignments, while the general profit
. on " trading, &c.," is put down at 39,6021. The
. capital in 1856 was 8,6621., and the drawings since
that time have amounted to 6,4141. Some discus-
sion arose with regard to advances made to him by
the Mercantile Discount Company who now claim
16,0951., which is fully covereir however, by
securities held. The fact that . Abbott has
recently purchased shares in this company also
attracted attention in connexion with this fact.
The liabilities are estimated at 78,4921., and the
assets (on the assumption that the las:, consignment
of beer will be paid for by the government),
at 47,4931. Otherwise the respective amounts will
be 88,6891. and 33,0921. In the former meet Mr.
Abbott offers to pay 7s. in the pound, and in the
latter, 12e. The result of the meeting, however,
was the appointment of a committee, who will
either advise the acceptance of the 75., with the
future prospect of ss. more, .01 call another
meeting.
It is stated that some large orders for the pur-
chase of corn in the Black Sea have been sent from
this country during the last few days.
Telegrams from Birmingham announce a rise of
Is. at yesterday's oorn market
The board of the East Indian Railway Company
yes:enlay made the final call of 51. per share on
the F and Jubbulpore shares. The total sum due
on account of this mil does not exceed 115,0001.,
owing to the large number of payments in advance.
The proposed dividend on Edinburgh and Glas-
gow Railway stock is officially announced at the
rate of 4 per cent. per annum, against 34 at the
corresponding period of last year.
The Eastern Counties Railway traffic return
shone this week an increase of 1,8861. ; the Man-
chester, Sheffield, and Lincolnshire, an increase of
1,4501. ; the Midland, an increase of 3,5801. • the
Lancasire and Yorkshire, an increase of 4,8231. ;
and the North Eastern, an increase of 1,0671.
In the Bankruptcy Court yesterday the adjudica-
tion against Messrs. Francis and Hooper, of Ber-
mondsey, was confirmed.
The following report of the hide sales yesterday is
from Messrs. Culverwell, Brooks and Co.
At the seventeenth series of public isles of bides for the
year, there was the same reaasuring feeling—and this was
prevalent throughout—that marked the previous sales.
There was a very full attendance of buyers, aad the market
was well supported both by the borne and export trade.
It is worthy of remark and encouraging for the future, that
all the late sales hive been well supported by the export
buyers, so that upon a thorough revival of the home trade,
and this seems fast approaching, there can be nodoubt but that
the market will be well supported. East India—Ox and Cow.
—Oalcu :U. —These hides were well competed for, and a larger
i proporto nof the quantity offered was sold than ham been the
cue for some time past. The exporters were large bu en,
and upon hides mutable for their requirements, pa• ly
heavy averages, ea advance of about id. per lb. was realind
that and seeond class light hides were firm at their pre-
vious value. Madras, Pondicherry, and Bombay.—The few
offered sold at very extreme rates. The analysis of the
salon is 70,667 Calcutta new parcels ; 23,985 brought for-
ward from former males, and 2,633 Madraa, Pondicherry,
and Bombay. Leather.—Fist India was in good demand at
improved prices. Australian recovered the depression
noticed upon it at the last sales, and a fair proportion was
sold. New York sold fairly. Salted Hides— • market
was marked by great animation, and the chief part of all
descriptions offered was sold. Australian—Melbourne
realised an emulous' advance of id. per lb. ; Sydney sold
at previous prices ; Turkey, wondering their bad conditiou
and offal, sold at an advance upon the late sake ; Cape sold
at former pains ; West Indian at fair prices for the quality.
Horse hides (salted).—The sound were all bought in, but
the damaged brought fair prices.
With reference to the market for American 'mewl-
ties, Messrs. D. Bell, Son, and Co., report as
follows.