The Express.
London, England, 1857-11-10 00:00:00

MONEY ILAREBT.-THIS DAY.

Two o'CLoci.

The funds to-day have advanced I per cent.
Great support is still derived from the investments
of the public. In the money market no improve-
ment is observable.

Consols for money were first marked 881, then
as high as 891, and are now quoted 89 to 1.
For the Bth of December, the present price
is 891 to I, but transactions are recorded as high
as 891. The Three per Cents. Reduced are
marked 871, 881, and 671 ; the New Three
per Cents., 871 to 881; Bank Stock, 210 to 2111
India Stock, 210 ; Exchequer Bills, 245. to 17e.
dis; and Exchequer Bonds, 1859, 971.
Turkish Six per Cents. have advanced to 87
to 1. Other foreign stocks are quiet. Sales are
recorded as follows : Brazilian Old Five per
Cents., at 981 ; Dutch Two-and-a-Half per Cents.,
at 831 ; Russian Five per Cents., at 108 ;
Sardinian Five per Cents, at 881 ; Spanish New
Deferred Three per Cents., at 261; Turkish Six per
Cents., at 87 to 871; ditto Guaranteed Four per
Cents., for account, at 981.
We regret to state that the negotiations for sup-
porting the Western Bank of Scotland have resulted
unaucceeefully. Accordingly, as we learn by s
telegram from Glasgow, the doors of the bank were
closed yesterday at 2 p.m. The paid.up capital of the
bank being not far short of two millions sterling,
whilst the deposits exceed six millions, it is feared
that a calamity of such magnitude will be felt
severely in a large district where local bank notes
have long enjoyed a freer circulation than even
sovereigns. The head office of the bank is at Glas-
gow, and the number of its branches in the various
towns of Scotland is no less than 89.

Amongst the considerations on the favourable side
must be included a decided check to the silver
drain. The parties who were engaged in pre-
paring to remit silver to India by the
packet of the 20th instant find their hands
tied by the difficulty of procuring accommodation.
It is also expected that the exchanges between this
country and the Continent will to-day exhibit a
further considerable movement in our favour.
The advice,' brought from New York by
the steamer Asia are likewise interpreted as
more satisfactory. As a proof of the more
confident feeling which prevails in the
New York stock market, we may men-
tion that Illinois Central Railroad Bonds, which at
one period of the panic fell as low as dl, have reco-
vered to 75. The shares of this company have also
rallied at New York to 83 to 84, thus at length ap-
proximating to the higher value which has so long
been maintained in the London market. The receipt
of 20,0001., partly in sovereigns and partly bar gold,
per the Asia must be considered somewhat excep-
tional, since on Saturday 120,0001. was sent out
from Liverpool in the Niagara. The fact that gold is
now remitted from each side testifies how remark-
ably commercial operations are thrown out of joint.
It is believed, however, that the 20,0001. in question
will be sent into the Bank, for at the present rates of
exchange payments to the Continent may be made
much more advantageously through the medium of
bills.

Tho Union Bank of London and the London and
County Bank have raised the rate of allowance on
deposits from 8 to 9 per cent., the former adhering
to the terms of their original advertisement, accord-
ing to which the rate allowed is to be always 1 per
cent. below the Bank of England minimum rate of
discount.

The Bank of Prussia hu raised its rata of dis-
count from 61 to 71 per cent. A similar step has
been adopted by the Bank of Frankfort.
The steamer Alexander 11. has brought about
2,3001. in gold from St. Petersburg. This small sum
has been sent into the Bank.
Several additional failures are announced. The
moat important is that of Messrs. Bennoch, Twenty-
man, and Rigg, of Wood-street, City, and of Man-
chester. The liabilities of this firm are estimated at
fully 400,000!. The causes of the suspension are
stated in the following circular to the creditors :

69, Friday-street, Cheapside, London, E.C.,
9th November, 1857.
Cientlenten,—We are requested by our clients, Messrs.
/3annoch, Twentymao, and Rigg, of Wood-street, in this
city, and of Manchester, to inform you that, in consequence
of the heavy advanoss they have made upon goods especially
prepared for the American and other markets, for which
I there la no present demand, of losses sustained by recent
toilet's In the manufacturing dietricts, and of the sudden
depreciation In the value of silk, of which Messrs Bermoch,
Twentymen„ and Rigg ere large holders, they are compelled
to mamma their inability to meet their engagements.
Messrs. Parrinton, Ladbuy, and Co , of King-street, se-
' °punnets, have been instructed by the principol meditate to
examine Moors. Bennoch and Co.'. books, and prepare a
statement of their affairs, which they will submit es early ea
possible to a general meeting of the creditors, of which due
solids will be given to.you.—We ars, gentlecom your obe-
dient wnvanta, Alin, 1.41.110F0/113, LID MARSDEN.
Another respectable London hones has stopped,
viz., that of Messrs. Broedwood and Barclay, mer-
chants, of Idol•lane, Great Tower-street.
-

From Liverpool we learn the stoppage of Messrs.
Hoge and Williamson, a respectable house in the
American trade.

At Amsterdam, Mr. Ferdinand Oallenkamp, mer-
chant, in the corn and provision trade, stopped pay-
ment on Saturday, with liabilities estimated at a
million of florins, or about 80,0001.

According to the returns of the National Bank of
Belgium, just published, the metallic stock has de-
creased from 2,060,0001., which was the amount on
the 30th of September, to 1,720,0001. The bills dis-
counted, as compared with the amount in the pre-
vious return, have increased nearly 320,0001., and
exceed 4,000,0001., a fact which has only once before
occurred since the bank has been established.
The steamers advertised to sail for New York this
week are as follows, viz.: the Atlantic, from Liver-
pool, to-morrow; the Africa, from Liverpool, on
Saturday; and the Vanderbilt, from Southampton,
en Saturday.
In the corn market yesterday there was little
alteration from the previous Monday's rates. The
tone was dull, owing to the state of the money
market, but farmers sell less readily at the present
reduced rates. The French markets are again re-
ported lower. The number of floating cargoes of
grain arrived at ports of call since last Friday is
only five.
The amount of bills drawn by. the East India
Company on their respective presidencies, from the
26th nit. to the 9th inst. (yesterday), is as follows:
Bate of Exchange.
844= £6,547,14 11)24. Id. pa Co.'s rape.
P
Bombay
Total £5,827 411

An extraordinary general meeting of the Nether-
lands Land Enclosure Company is called for the
14th Dec., to authorise a modification of the statutes
of the company.
' '

The position of the market for silk is thus noticed
by Messrs. Durant and Co., under date last evening:

°We have a miserable report to give of Bilk. The holm
entertained last mouth that, with the ceention of failures,
tuber would resume Its ordinary coarse, has not been
reared. Further reduction in prices has faded to being he-
wed buyers. In China silk mme business was done at the
class air week, and buyers mewed to be slowly velour
trees their determined holong of from muchases—probably
1,000 bales changed hands—but for the lad two or three days
we her bearer quiet, transactions being again limited to
dilly truirerrotear an occoderl forced sale. Beaus) sedk
Lm erred to the tall in the reseal quiet. Sores tar mall
sake bar be.. made In the better dimes at secosthiag
=lithe reduction in China silk, bat in the lower
ars err without wiggly, hence our rarer
TIME IS harm Italia silk a dead latter—oom-
t= Ws or two is aid. Imparters In wow cow would
admit to bray rekaosion of rim, bad that awns
Ma.:ho abundant wooly of Artie set alhatually
dio probable aro of la. In Braila owl Polio