The Express.
London, England, 1857-12-30 00:00:00

IMMIR POSIMWONA.

AUantio and St.I;;;;;11Set; Leased at 8 per Cent. by Grand
Trunk of Canada, 80; Dutdo. Brant, and Onderleh, 6 per
Cent. Boards (I June, 11371), 79; Grand Trunk of Canada,
491 50; ditto 6 per Cent. Debenture, payable 1878, with
option till 1863, M; Elrod Western of Canada Share', 201;
ditto Nay, 121 1.

7011tION.

Antwerp and RotterdaMtil;Erlgian Eastern Junction,
11; Dutch Ithenish, Pt 10; rest Luxembourg Conatituted
Shama, 71; Northern of Fame, rss ; Recife and San
Francisco (Peninsula:too) Guaranteed 7 per cent. (limited), 91.

JOUST iTOCK NAN kg.
English, Scottish, and Australian Chartered, 18k; Otto-
man Bank, 181; Union of Australia, 49; 60.

k NE01;11.

Cryatal km;.1,0;1:;113;;;;a1 Omnibna Company,
31; National Dbatont Company, 3{; Panloanla and
(Manta Steam (N•w),

LOCAL BE4II MASINTO.

Unmeant. Dicl,-7%e =re war= embalm with= malaria
ebafte In lone oe oda Tram=Wu have =ea Ms IR Lesion mi
Pe= AMMO at bi—limetentar. Sbetneld. see Lbel= at 40f i--
1'10•110i-9estl. likaten. tlf—Orand ?rank f Orr 34 114 111
1 16 —Greet Re ten of Csoada,2o—inao N... I I.
II encomia. Dee. r./.—There w • ',Met nal= Ihremboat tne
by. mI • sorel WA. .as km foe nest besr•••• OWN •,k.t•
bleb= gootatl,ns. RlA‘nberxd 81063.261—LloweetteesOne—ns.
bal. mit sow lot. i—Derery, 11 116 Llzsi boom%
NI 6 !ts.l'd. bC• 4,411 i prrit
Think., next exeunt, xai 9.141 I —Berenekt,neat imealt,.l4l—nbeir
Immo, next *meant, I DlG—Ong tentelbonnt. Cs• •ao. tent
neeount. 204—ItItto if. Ir. pp,_ %.—Norib Weston. 71—Merl!NW= (14.1.). :T—
-aming= mod IM= f3f.

MONEY MARKET-THIS DAY.

Two o'Cioc►.

The funds today have experienced a fluctuation
of 1 per cent., which is still almost solely attribute-
to the recent failure, the dealers being anxious to
square their accounts. Prices are now quoted
about 1-16 per cent. higher than they closed yester-
day. In the other departments of the Stock Ex-
change the tendency is still upwards, especially as
regards British railway shares.
Consols have 'varied between 931 to and 931 to
1, and are now quoted NI to I ex div.
for the Bth January. The Three per Cents. Reduced
are marked 94 te 94 ; the New Three per Cents.,
931 to 94; Bank Stock, 217 to 219; Exchequer
Bills, par to 3s. prem. ; Exchequer Bonds, 1866,
991 to 991; ditto, 1869, 981; and India Bonds,
20s. dia.

Turkish Six per Cents. are firm, at 971 to 98 for
the new account. Mexican Bonds arc less buoyant, yet
are firmly supported at the late improvement. In
other foreign stocks the transactions have been on a
limited scale. Sales are recorded as follows :—Braxilian
Old Five per Cents., for account (15th January), at
99; ditto Four•and-a-half per Cents., at 96;
Mexican Bonds, at 201; ditto for account (16th,
Jan.), at 201; the Spanish Coupon Certificates, at 5;
Turkish Six per Cents., at 971 to 971; ditto, for

account (15th Jan.), at 981.
At the Bank of England the demand for money
yesterday continued very moderate, owing to the fact
that good bills are readily discounted in the open
market from 71 to 7 per oent. Meanwhile con-
aidersble sums continue to flow Into the Bank,
strengthening their reserve.
The amount of gold purchased by the Bank of Eng-
land yesterday was 140,0001., inclusive of 90,0001.
or 100,000/. in bar gold and United States coin ex
the steamer America, but exclusive of 30,00 W. in
sovereigns received from Scotland. A large
quantity of sovereigns ez the America are under-
stood to have been also sent yesterday into the
branch of the Bank at LiverpooL

The total amount of gold purchased by the Bank
since tke date 'of the last return is calculated at
about half a million, inclusive of some considerable
parcels of sovereigns received from Ireland, whence

more coin is coming.
The funds yesterday were principally affected by
considerations connected with the position of the ac-
count of the large operator to whose failure refer
once was made yesterday. The market was, for the
moment, quite deranged by this event, owing to
the belief that the defaulter has transactions
open to the extent of considerably more than
a million, chiefly in " options." Sharp floc-1
tuitions arose yesterday from the various trans-
actions of dealers who are entangled in his account.
The situation of the market may be the more easily
understood if we explain that a rise of the price to a
certain point would lay dealers under the obligation
of providing a large amount of stock ; on the other
band, should a fall to a certain price take place, they
would be saddled with a large amount of speculative
Mock. Such is the result of the gambling in
"options" as extensively pursued in the Stock
Exchange.
At Vienna the Bourse shows some dulness, but
nearly all the other continental stock markets on
Monday were better. At Amsterdam Spanish,
Portuguese, Mexican, Grenadian, and Venezuelan
Bonds were all in demand and higher. Austrian
stock rose # per cent. At Berlin a rise of 2 per
cent. is announced in Russian Five per Cents.
At Hamburg the recent improvement in the money
market is maintained.
The steamer Alhambra has taken out 14,9401. in.
specie to the Peninsula.
The steamer Dolphin has brought 26,00 W. in
silver from Antwerp.
The transactions in silver for transmission to the
East by the steamer Colombo on the 4th of January
continue on a very limited scale. The East India
Company are not expected to make any remittances
of silver by this packet, and those on private account
will probably be under 200,0001.
At Calcutta the exchange on London appears to
be much the same as last reported—viz., about
2s. 2d. At Shanghai the movement of the exchange
is decidedly more favourable.
Aa money becomes easier in this market and com-
mercial affairs resume, to some degree, their normal
aspect, the exchanges between this country and the
Continent continue to droop. Yesterday afternoon
the rates were quoted lower for bills on nearly all
the leading continental markets, including Holland,
Belgium, Hamburg, Frankfort, and Vienna. The
quotation for paper on St. Petersburg was nominally
higher. The transactions were still somewhat Li-
mited, but bills were placed with less difficulty than
of late. The current quotations are shown below,
:.. . .

•
Amsterdam, three month', 12.0/ to 01 ; do., short,
11.16 to 17; Rotterdam three mouths, 12.01 to 01; AM-
weep, three months, 26.571 to 621 ; Hamburg, mark, beano,
three month', 13.71 to 81 ; Patio, three days' sight, 25.221 to
321 ; ditto, three month., 26.60 to 70; Frankfort-on-
Maine, three monthe,l2ol to 1; Petersburg, per rouble, three
months, 331 to ; Vienna., eff. do., Owes months, 10.46 to 62 ;
Trieste, do. three month., 10.48 to 64 ; Madrid, three months,
471 to 1• Cadiz, three months, 471 to ; Leg rat, three
months, 30.25 to 35 ; Oanoa, three month., 26.95 to 26.06
Naples, three months, 40/ to ; Palermo, three months,
1221 to 123 ; Messina, three months, 1221 to 123; Lisbon,
90 days, 611 to j ; Oporto, 90 days, 621 to 1.
_

Four mercantile failures are announced ; but
in each care the ;amount involved is limited.
Messrs. Lupton, Hooton, and Co., linen, Manchester
and Scotch warehousemen, whose liabilities are
estimated at about 30,0001., have issued the Rib-
joined circular. 'there is an impression that the
estate will yield favourable results ;
_ _

No. 63, Bread-strait, London, Dec. 29, 19R.
Sir,—Having been called no to repay en amount of capital
employed in our brainier., the withdrawal of which would
render our future position precarious, we have deemed it the
more honourable tourer) to rurpend our payments.
We deeply regret the neceerray for this most painful step,
end rat the Indulgence of our creditors until a statement of
our affairs can be submitted to them.
Our principal creditor. rare requested ?desire. Parrinton,
Ledbury, and Co.,f King-etreet, accountants, to prepare
the statement, which tray will lay before you at an early
day.—We are, air, your obedient servants.
LUPTON, nUOTON, and Co.

The other names are u follows, viz. :—Muars.l
Hinton, Brothers, and Co., of Old Broad-street, in
the Italian trade ; Messrs. T. M. Waters and Co., of
Fenchurch-street, wine and general merchants • and
Mr. E. L. Goetz, of Crotched-friars, described' as
wine merchant and general agent.
At a meeting, held yesterday, of the creditors of
Mr. H. S. Neville, colonial broker, who suspended
payment on the 14th ult., the total liabilities were
stated at 10,9191., and the mete at 2,2461. A com-
position of 4s. in the pound was offered.
In the produce market business is limited, owing
to the holidays, but the tendency is generally firmer,
in response to the improvement in the money
market.

The traffic of the Great Western Railway of
Canada is recovering. The decrease shown in the
weekly return received to-day is only 2,1681.,
compared with the corresponding week of last year.
The Union Bank of London have issued the fol-
lowing circular, explanatory of the rates allowed on
deposits :
Union Bank of London, 2,Frizoni-st7rt, Matiolon-house,