The Express.
London, England, 1857-11-12 00:00:00

LOCAL 8211,1 E X4211€78.

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MELTING BILVISZ COINS IN PARIS.—The Ga-
sets de Ibaresse smessucem that a prosecatiatt las beta fe-
stinated spinet M. Montesem, M. Hirsch, sad M. Allard,
sheaspeimgers, on tits charge of having posimsd allow
erns mad Mad than down. To explain this won,
it
mag be ss wail as sate that certain diver cobs contain gold
readers them of somewhat mon Intrinsic Talus than
clam 'The witerpelasim being aware of el. Magee
mat favemet is that repast, pwchass ths pima, ma at a
small prim, sad than melting them down, separate the
gold m
istfro the allow and so make
law. AB this, batt-
ens, is eraeled by tits Freask

The stock markets to-day have been greatly agi-
tated. The broker who acts for the Bank of England
is selling stock to a large amount, and the consequence
is a difference of about 1 per cent. between
the price of Consols for money and that for
December—a feature which has not been
witnessed for some years. Nevertheless, the specu-
lative disposition to buy for the account
remains strong, owing to the belief that govern-
ment will be compelled to step forward imme-
diately with some measure of relief. It is also
alleged that the advices from Scotland were more
reassuring.
Consols for money have fluctuated between 881
and 891, and for the account between 89 and
90. The present quotation is 891 to 1 for Decem-
ber, and 881 to 1 for cash. The market
at :the present moment wears still an ex-
cited appearance. The Three per Cents. Re-
duced are marked 88 and 87! ; the New
Three per Cents., 881, 871, 871, 871, and 871; Bank
Stock, 211 and 2091; India Stock, 212; ditto, for
account, 210 ; Exchequer Bonds, 1858, 98, 9SI, and
98; ditto, 1859, 97 ; India Bonds, 403. die.
Exchequer Bills have been offered at 40s. dia.
without finding buyers.
Turkish Six per Cents. after being sold at
881, have rallied to 871 to 1. Mexican,
Bonds have fallen. Other foreign Stocks an flat.
Bales are recorded as follows i—Mexican Bonds, for
account (November 18), at 181 and 18 ; Peru-
vian Four-and-a-Half per Cents., for account, at
74 ; Russian Four-and-a-Half per Cents., at 981;
Turkish Six per Cents., at 87 ; ditto for account,
_ _ .

18th November, at 87, 881, and 87t.
The specie taken out by the Atlantic, which left
Liverpool for New York is 28,1081.
The Avon has arrived from Melbourne, with
61,848 ounces of gold on freight, worth about
208,8001.

With great regret we record the suspension of the
old and influential firm of Messrs. Sanderson,
Sandeman, and Co., money dealers and bill dis-
counters, of King William-street This is the
largest house that has yet succumbed in the present
crisis. It is thought that the liabilities will not be
less than two millions sterling. It is only a few
days ago that Mr. Richard Sanderson, the senior
partner, breathed his last. Subjoined is a copy of
the circular issued last evening :
London, E.C., Nov. 11, 1867.
Gentlemen,—lt is with extreme pain we have to announce
to you that our house is under the necessity of en/pending
its business, an event which wee wholly unforeseen and un-

expected by as.
The pressure of the time end the reoent lamented death of
our senior partner, Mr. Sanderson, have left us no alterna-
tive but to take this step, which we trust will be but tempo-
rary. The accornts are being made up with ell possible
ds-
spatch, and In a few days they will be in • state to be sub-
mitted to three interested.
We are, gentlemen, your obedient servants,
BANDEISON, SANDEMAN, and CO.
The closing of its doors by the City of Olesgogßank
is calculated to aggravate the distrust already occa-
sioned throughout a large district in Scotland by the
stoppage of the Western Bank. The City of Glas-
gow Bank has aboat 100 branches, or even more
than the Western Bank. The paid-up capital is a
million, and the bank had a reserve fund of 90,5951.
The authorised circulation is only 72,9211., but by
the last returns the circulation amounted to 352,1291.,
of which, however, 314,747/. was covered by coin
held. _ _ _ _

The run which has set in upon some of the Scotch
banks is causing a serious drain of gold from the
Bank of England. It is understood that, in addition
to the 300,0001., or thereabouts, taken out on Tuesday
some 800,0001. or 700,0001. in sovereigns was yester-
day withdrawn from the Bank for transmission to
the disturbed districts. More will probably follow.
The Irish banks are also transmitting further quan-
tities of coin to Ireland.
The disturbance in the discount market is be-
coming daily more manifest. On every side the
greatest caution is evinced, a result to be natu-
rally expected from the recent failure of so
many houses of high respectability. The rates
charged in the open market are considerably
above those of the Bank. At the Bank of England
itself the applications yesterday were almost unprece-
dentedly large. On all sides discussions are heard
as to the propriety of demanding measures of relief
at the hands of the Government, either by a relaxa-
tion of the Bank Act in the mode adopted in 1847,
or by an issue of 11. notes.

In the Stock Exchange yesterday morning money
commanded 9 per cent. on government securities up
to the December settlement, but in the afternoon
loans were in demand at 10 per cent.
By the courtesy of the officers of the Royal Mail
Steam-Packet Company we are informed that the
amount of gold brought to Suer from Australia by
the steamer Emeu is 525,0001. This opportune aupply
will be brought to England by the steamer Auatr•
Ulan, which is expected to arrive at Southampton
about the 18th or 19th lost.
. . _

At Hamburg the rate of discount has risen to 10
per cent.
To-morrow will be "continuation-day" in the
railway share market. The settlement of the fort-
nightly account in shares and foreign stocks will be
completed on Monday.
Three failures were announced yesterday in the
stock exchange. One of the parties was a "jobber"
in Console, another a "jobber" in Turkish stock, and
the third a broker. In each case the liabilities are
understood to be limited.

In addition to the 20,0001. mentioned yesterday, a
further sum of 12,0001. in gold has arrived from St.
Petersburg, but remains unsold.
The steamer Minna has arrived from Constanti-

nople, with about 12,0001. in specie, chiefly in
Turkish gold coin. The African has emir arrived at
Liverpool from the same port with a rather larger
amount.

The steamer Ethiope has brought 2,484 ounces of
gold and 6361. in specie, making a total of about
10,0001., from the West Cout of Africa; and the
Kangaroo 1,9001. from New York.
The steamer Panther, which has arrived in the
Thames from Boulogne, brought about 86,0001. in
silver.
The steamer Tamar, which will leave Southamp-
ton for Alexandria to-day, will take out 3,3001. in
specie on freight.
The Fiery Cross has arrived from China with
868,8001b5. of tea.
A meeting of the sh►reholders in the Western
Bank of Scotland is called for the 2nd of December.
With reference to the market for American rail-

way securities, Mr. E. F. Sattherthwaite reports as
follows : . _ _

Although the so:aunts from America by the late arrivals
are rather more favourable, we have no improvement to note
in the market for American securities in London during the
pare week. The statements put forward of the financial con-
dition of the Illinois Central and Michigan Southern have
not encouraged holders. The *tamest efforts et the friends of
the Erie road in America during the late berme crisis, to se-
cure the taking of the new loan, have not been met with any
corresponding action on the part of the English holders of
the bonds =Neared by mortgage, and of the stock of the
company. We have to note sales of Illinois Central shares
at a considerable decline ; and Contraction bond* are dull
at 71 Transactions have taken plasm In Erie Mock and
bonda, and in Michigan Southern 'king Fund bonds at
lower rates. A few small investments have been aside in
Michigan Central bonds of Imo, at 77 to 78. New York
Central stock has brought 70. The bands of this cowpony
continue scarce.

WIIINZSDAT sviorm

Amidst the perturbations of the money market,
the funds maintain an extraordinarily high range.
To-day the fluctuations were of a more violent cha-

raster than of late, but during all the earlier part of
the day the tendency was upwards, owing chiefly to
the highly satisfactory intelligence from India. At
one period an advance of nearly per cent. over the
clueing quotations of yesterday wee attained. From
this point there was a clear fall of nearly one per
cent., upon the announcement of Messrs. Sanderson
and Co.'s failure, which was immediately followed
by some large sales on banking account. At 4 o'clock
Consols were quoted 1 per cent. lower than at the
same hour yesterday, but at a later period of the
afternoon a partial improvement took place, on the
report of the interview between the Bank authori-
ties and Government. The public continue to invest
to a fair extent.
All the other departments of the Stock Exchange
have given way. British railway stocks exhibit
great depression, owing partly to forced sales in con-
nexion with the failures in the north.
Consols, which were quoted at 4 o'clock yesterday
891 to 1 for the 7th December, opened this morn-
ing at 891 to 1, advanced to 90, fell to 89, and stood
at 4 o'clock at 891 to 1. At a quarter past 4 a re-
covery to 891 to had taken place, the price for
money being at the same time 881 to 89. At a
later hour the market was rather firmer. Sales are
recorded as follows :—Three per Cent. Consols, for
money, 89/, 891, 891, 891, 891, 89 ; ditto, for so-
count (7th Dec.), 891, 891, 90, 891, 891, 891. Three
per Cents. Reduced, 88/, 1,1, /. New Three per
Cents., 881, 1,1, 1,1, 871. Thirty Years Annuities,
expiring in April, 1885, 171, 17/. Bank Stock,
211. India Stock, 2121. Three-and-a-Half per
Cent. Exchequer Bonds, falling payable in 1868,
981; ditto, 1859, 971, 971, 971. India Bonds, 485.,
40s. die.
The New Two-and-a-Half per Cents. were also
officially marked 721.
Exchequer Bills were quoted 255. to 17s. die.,
and India Bonds, 50s. to 40s. dia.
Turkish Six per Cents. declined about 1 per
cent. to-day, closing at 881 to 87. Other foreign
stocks were very quiet. Sales are recorded a.
follows :—Belgian Four-and-a-Half per Cents., 96}
95 ex div. (exch., 26:) Basilian Old Five per
Cents., 981, 991. Dutch Four per Cent. Certifi-
cates, ast, 97. French Three per Cent. Rentee, 861.
(each., 25f. 40c.) Granada Active Bonds, 171.
Peruvian Four-and-a-Half per Cents., for account,
74. Portuguese Three per Cents., 1863, 43. Turkish
Bix per Ceuta, 871 ; ditto fee account (16th Nov.),
87th87, 8431 ; ditto Guaranteed Four per Cents.,
96 , 96).
e produce markets to-day were extremely
gloomy. A fresh fall has been established in many
articles, including sugar, coffee, tallow, linseed
oil, he.
The corn market to-day was flat, and to effect sales
some reduction from last Monday's rates would have
been requisite. The number of floating cargoes of
grain arrived at ports of call since last Friday is 11.
The French corn marketh are reported as still flat.
To-day took place a meeting of the creditors of
Messrs. W. and H. Brand and Co., who stopped
payment on the 26th ult.
It was stated at the meeting that if the claims of
the estate upon Messrs. Dennibtoun and Co., and the
Western Bank of Scotland be paid in full, the divi-
dend will reach Bs. Bd. in the pound; otherwise it
will probably not exceed 2s. 08. It was also men-
tioned that there have been no transactions in ac-
commodation paper. It wee agreed that the estate
shall be wound up under inspection.

MINES-THIS DAY.

Two o'CLocK.

The market for home mining stocks remains
quiet. Alfred Consols shares are chiefly in-
quired for, and are marked 171 and 17i.
amt Wheal Alfred shares have been dealt
in at 6. In other home stocks there is no
alteration of importance, and very little business.
Linares mining shares are in some demand, and
are marked 81. Other foreign mining shares re-
main very dull.
Subjoined is the official list of prices in the
Mining Exchange yesterday :•
Alfred Conaols, 171, I,i 1, 17; Chencellerville, 44.64.,
4s. 9c1., 4a. 10d.; Devon Buller. 16e 16a.; Peat Ron-
-225., 235., 26a.; Lady Bertha, 17s. 6d., IS. Hd.,
Tr , 20a., 20a, 6d., 21a. 6d.; Margery, 9; North Tavy,
21s. 64., 224. 64.; Providence Mines, 74, 76, 771; Sortridhe
, 2
Collo* 2.
Is. 621
d 3-1
West Cirene, 3s. 6; Trehme, 108. ;;
Wheal Margaretoa, Trewaatha, 2,
20a. 66..;
66, 67, 671, 1,1, 69 ; Wheal Trelawney, 24, 24, 241,
At the meeting of the English and Australian
Copper Company yesterday, the balance in hand was
stated at 26,0001.

WED?: rADAY

The market for home mining stocks to-day is doll,
owing partly to the state of the money market.
North Frances and Wheal Edward shares were
cheaper. Alfred Consols continue in fair request.
Most other descriptions were nominally quoted the
same as before.