The Express.
London, England, 1860-11-17 00:00:00

MONEY MARKET-(THIS DAY)

Two o'Czoci.

There is no movement of importance to-day in
the stock markets. The changes shown in the
Bank return have tended rather to allay apprehen-
sion, but business is inanimate. The funds are
quoted the same as at four o'clock yesterday,
but are, perhaps, scarcely so strong. British rail-
way stocks are generally steady. The Canadian
and Indian lines show firmness. A fresh recovery
has taken place in the stock of the Grand Trunk
Railway of Canada.

At Paris this morning, according to Mr. Renter's
telegram, the Three per Cent. Relates opened
at 69fr. 92c., but improved to 70fr., being be.
higher than yesterday.

Consols are officially marked 931 t, and
it for money, and 931 and I for the ac-
count. The present quotations are 9311 to
for cash, and 931 to for the 6th of December.
The official business report is as follows :—Bank
Stock, 2331, 234 ; Three per Cents. Reduced, 91t, I ;
New Three per Cents., 911, ; India Five per
Cent. Stock, 1859, 1031, it; ditto Four per
Cent. Debentures, 1858, 96 ; ditto Bonds, Ba. dis. ;
Exchequer Bills, 5a., 2s. dia.

Very little business has been done in the foreign
stock market. The principal feature is a rise
in Spanish Passive Bonds, which are marked
as high as 24f. Turkish are well sup-
ported, at the late improvement : the Loan
of 1854 is quoted 72 to 4, and that of 1868,
574 to 58. Sales are recorded as follows :
Brazilian Old Five per Cents., 99 ; ditto
Four-and-a-Half per Cents., 1860, 881 ; Buenos
Ayres Six per Cents., 96 ; Spanish Passive,
231, 241 ; Turkish Six per Cents., 1884,
for account, 724 ; ditto Six per Cents., 1858, for
account, 574,68; ditto Guaranteed Four per Cents.,
for account, 101} ; Venezuela Three per Cents. for
account, 211.

HLLF-pAar Two o'CLocK.

Consols are quoted exactly the same as at two
o'clock—vis., 931 to f for money, and 93f to 1 for
the account.

The discount market yesterday presented an
&pylons and unsettled appearance. No business
appears to have been done below the Bank mini-
mum, and in many quarters per cent. was the
lowest rate. Three months' paper could not be
negotiated below 7 per cent., whilst for 6 months
8 per cent. was asked. Accommodation was not
freely granted, even to regular customers. The
amount of business at the Bank, though not
amounting to a pressure, was large.
In the Stock Exchange the rate for short loans on
English government securities was about 4 per cent.
It being anticipated that the Bank of England
will transact a large and profitable business, Bank
stock is very firm, at 234 to 236.
The Sussex and Water Nymph have arrived from
Melbourne—the former off Plymouth with 249,0001.
in gold, and the latter at Gravesend with 322,0001.
The total is 571,0001., the whole of which has
already been taken for account of the Bank of
Prance. The supply by the Water Nymph is ex-
to be in hand to-day, and that by the
eed
Sussex early next week.
Of the 93,0001. by the steamer La Plata, from
the West Indies, 61,000/. consists of gold, and
320001. of silver.
The foreign exchanges yesterday afternoon were
somewhat irregular, but ruled decidedly higher
than on Tuesday, in oousequence of the rise in tne
value of money here. The improvement is es-
pecially observable in the Paris exchange. Sub-
joined is our usual list :

Amsterdam, 3 mcmths, 11.171 to } ; ditto, 3 days, 11.15
to }I; ltotteniant, 3 months, 1117} to }; Antwerp,
3 months 25.40 to 5 ; Hamburg, ms. banoo, S months,
13.7} to ; Paris, 3 days' aught, 25.20 to 30 ; ditto,
3 months, 25.50 to 60 ; Franldmt-on-the-Mnine, 3
mouths, 117} to 118 ; Petersburg (per rouble), 3 menthe,
34f ; eff. So., 3 months, 13.90 to 14.00
Trieste ditto, 3 months, 13.90 to 14.00; Madrid, 3 months,
49} to ; Cadiz, 3 months, 494 to } ; Leghorn, 3 mouths,
25.70 to 5; Genoa, 3 months, 25.60 to 5 ; Milan, 3 months,
25.62} to 7} ; Naples, 3 months, 391 to 40 ; Palermo 3
months, 119} to ; Manna, 3 mouths, 119} to } , Lisbon,
90 days, 521 to 53 ; Oporto, 90 days, 53 to }.
_ .

At Paris within the last few days the exchange
on London at short has risen from 25.12} to
25.221.
An instalment of 8 per cent. fell due yesterday
on the Canada Loan of 2,800,000/.
The Northileet has arrived from China with
1,104,7001135. of tea, and the Cyclone with
775,3001b5.
At a meetingyostorday of the creditors of Messrs.
Henry Holmsear and Co., sugar refiners, of White-
chapel, a balance-sheet was presented by Mr. E.
Reddidl, the accountant, showing liabilities to the
extent of 27,1991., and assets to the extent of
9,4991. The discussion had reference principally to
the deficiency of 17,7001., and the explanations
afforded were viewed as very unsatisfactory. In
Oct., 1859, a deficiency of 1,0001. was shown, but
Mr. Holmaear, by the advice of two of his princi-
pal creditors, who believed that future operations
would be successful, did not stop. The chairman,
one of the gentlemen who gavethia advice, said he felt
sure that there had been a profit on the transactions
of the present year, although part of the loss is
ascribed to bad markets. The full belief was, on
the announcement of the failure, that the estate
would show at least 12e. in the pound. No state-
ment accounting for the deficiency was submitted,
but it was explained that this arose from want of
time, which allowed only of the preparation of an
approximate statement. No stock-taking has been
made since 1857, and the books have been allowed
to fall considerably in arrow. The creditors,
amongst whom are Means. J. and E. Williams for
10,0001., are all unsecured, no mortgage of any kind
having been given. A resolution was passed in
favour of a further investigation being made, par-
ticularly with a view to obtain information account-
ing for the deficiency. The result will be reported
to an adjourned meeting.

In the Bankruptcy Court yesterday assignees
wore chosen in the case of Mr. George Stokes,
prevision merchant, of Snow-hill, whose liabilities
are 13,0001. and assets 2,0001.
The return of the Bank of England for the week
ending Wednesday, Nov. 14, compared with that
for the previous week, shows the following changes :
Circulation issue
Circulation active 30,659,270 Decrease 346,800

Public deposit. 5,804,021 Ise *see 8tt6,550
Other deposit. 12,803,799 Decrees* 610,439
Government mearitite is

banking department
Other securities in banking
department
Coin and bullion in both

9,490,773 No chime

departments .. —.— 13,314,811 Decrease 542,274
Seven day and Aber bale 778,797 Dam: s° 42,137
The Rest
Note' in mum I. 6,338,385 Dee/ease 93,985
Total reserve (notestcooin)
in beak* &pertinent 7,130,541 Decrease 35,474

The changes shown in this return are less unfa-
vourable than had been generally anticipated. The
decline in the bullion dues not equal the amount
known to have been withdrawn for exporta-
tion. It must be borne in mind, too,
that there have been no heavy withdrawals
since the date of this return. Although
the " other " securities have increased considerably,
the amount of the decrease in the " reserve " is
unimportant, owing chiefly to the influx of the
revenue.

The Gazette statement of the movements of the
precious metals for the week ending Wednesday
LA gives the following totals, viz.: imports of gold,
335,6021. ; exports of gold, 489,3641. ; imports
of silver, 28,463/. ; exports of silver, 170,2431.

BANK Or Aooonnt punne2lt to, the Act 7th
And Bth Vtc., c. 112. ter the *telt ending on Wettncedny, Nov.
14, 1800.
neum DTPAATIIANS.

Notes lamed ,oll,llll,l36F.Tbremm---. eat debt £11,615,106
Other securities.... 41.60,906
Gold cola and bid
boa
Shyer

8110.Wr,666

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