The Express.
London, England, 1857-11-07 00:00:00

MONEY MAREBT.-7111.9 DAY.

Two o'Cion.
The funds opened rather more flatly this morning,
owing to the very unfavourable Bank return;
but a purchase of 80,0001. stock for account
of the Court of Chancery has since given
animation to the market, and prices are now quoted

j per cent. higher than they closed yesterday. The
other departments of the Stock Exchange remain i
dull.
Consols for money and next Tuesday opened at
881 to 1, rose to 881 to 1, and are now quoted 88:
to /. The Throe per Cent. Reduced are marked 87:
to ; ; the New Three per Cents., 871 to 88 ; Bank
Stock, 211 ; and Exchequer Bills, 265. to 18s. dim.
Turkish Six per Cents. are quoted 87 to I, being
firmer. In other respects the foreign stock market
is dull. Brazilian Four-and-a-Half per Cents. are
marked 961 ; Dutch Four per Cents., 971 ;
Granada Active Bonds, 171; Mexican, 181 and
181; Sardinian Five per Cents., 89; and Turkish '
Guaranteed Four per Cents., 961.
/Iva. MINUTES PAST/TWO.
Console have improved to 88; for money and
Tuesday.
The discount market is very unsettled. In most
quarters the rate; are considerably above theme of
the Bank, and the caution of discounters is in-
creasing. At the Bank itself there was yesterday an
unabated demand for money—a feature of consider-
able im , considering the recent unprece-
dentedadvance in the rate, and the smallness of the
reserve.
Amongst the more favourable features affecting
the money market must be classed a decided im-
provement in the continental exchanges. It is also
thought that the extraordinary state of monetary
affairs may tend to check the disposition to remit
silver to India.
The severity of the pressure is beginning to excite
a movement en the part of the mercantile commu-
nity. At Glasgow on Thursday a most influential
meeting of merchants and millowners was held, and
a deputation of six gentlemen, including the Lord
Provost, the Dean of Guild, Mr. Buchanan, M.P.,
and some others of the first men in the city, was ap-
pointed to proceed to London and wait upon govern-
ment. The deputation, we believe, arrived in Lon-
don last evening. The object of their mission is to
state to government that credit in Glasgow is para-
lysed, and that the mass of workpeople thrown out
of employment, who already number several thou-
sands, will be vastly increased unless some measures
of commercial relief can be devised. They will
therefore, it is understood, urge upon government
the advisability of suspending some of the Foci-
/AMU of the Bank Charter Act, as was done in 1847.
Movements with a similar object may be shortly
looked for in other districts.
Paris adviees allege that the bullion in the Bank
of France, which lately fell to 7,600,0001., is now
little below eight millions sterling. In the last re-
turn it was stated at 9,022,0001. The next return
will be published next Friday morning. It is stated
that the railway companies, which are in want of
funds, will be assisted by the Bank of France, and
will be prevented from placing new bonds on the
market.
A sum of 18,0001. in bar gold was withdrawn
from the Bank yesterday for exportation to Cadiz
by the steamer Tagus, which will leave Southampton
to-day. On the other hand, the Bank bought about
6,0001. in gold.
The steamer Baron Osy arrived in the Thames
on Thursday from Antwerp, with about 30,0001. in
silver. -

The foreign exchanges yesterday afternoon were
extraordinarily irregular, but all much higher. The
chief advance was in the rates on Hamburg, Holland,
Frankfort, Vienna, and Belgium. In all cases wide
prices were quoted, according to the difference in
the quality of the bills. The current rates may be
given u follows, viz. :
Amrerdam, three months, 12.01 to 1; do., short,
11.16 to 17 ; Ronadam, three months, 12.01 to 1; Antwerp,
three months, 26.621 to 71; Hamburg M.'s Banco, three
months, 13.11 to 121 ; Pans, three days' sight, 26.30 to 40;
ditto, three month; 26.85 to 96; Frankfort-on-the-Mains,
three month., 120 to 121 ; Petersburg, per rouble, three
months, 34 to t ; Vienna, eff. Flo, three months, 10.48 to 62
Trieste, ditto, three montha, 10.60 to 4; Medrld, three
months, 48 to 1; Cadiz, three months, 49 b; ; Leghorn,
three months, 29.60 to 60 ; Genoa, three months, 26.90 to
26 ; Naples, three months, 411 to 421; Palermo, three
months, 1251 to 1261 ; Marina, three months, 1261 to 1261;
Lisbon, 90 days, 62 to 1 ; Oporto, 90 days, 62t to 1.
A telegram from St. Petersburg states that further
parcels of gold to the amount of 130,000 half-im-
perials, or about 120,0001., are coining forward.
The exchange on London was quoted sq to 1 d.,
and the price of tallow 180 ro. The quantity of
tallow shipped up to date was 103,000 casks.
In considering the American advises, the public
must not forget that certain of the New York jour-
nals are mere organs of the speculators for lower
prices. Some of the articles which have appeared
during the present panic contain the most monstrous

exaggerations.
The fourth half yetrly dividend, at the rate of
10s. Bd. per cent., u now payable on Equador Con-
solidated Bonds.
A dividend of 201. has been deducted, on the Paris
Bourse, from the price of Lyons and Mediterranean
shares, 20f. on the Eastern old shares, and 131. 20c.
on the new shares.
The fall in the produce markets has this week
made considerable progress. The subjoined weekly
summary is from Messrs. W. J. and H. Thompson:
The high rata ruling for money has mend extreme lo-
pension in the produce markets, and the isles made have
been at considerably reduced quotations. The sales of mr
have gone off very heavily, and of the quantity offered but
little has been disposed of at a fell of 44 to ss. per cwt. To-
day not any has been brought to auction. Coffee, on Tues-
day, went at le. to 24. advance for plaatation Ceylon, but
this was not maintained at this day's salsa, nearly all the
quantity submitted being taken in. Saltp&a has declined
fully 51. to 6s. per cwt. Rice is dull of sale and lower.
Nutmegs have gone at 2d. to 3d., and pimento and clone
fully Id. per lb. in favour of buyers. Tea has suffered from
the general depression.
It will be noticed that the Bank returns, which
are published in detail below, extend, under the new
arrangement, to Wednesday, the 4th inst., and, con-
sequently, include a period of eleven days. The
changes which have taken place during those eleven
days are exhibited in the following statement, viz.:
Circulation bums • 522,422,060 Decrease 5830,046
Circulation active 20,266,745 %creme 600,480
Public dimwits
Other deposits
Government securities is
bulking department . 10,120,104 Decrease 134,437
Other securities in bankUir
department 22,628,251 Increase 2,223,654
Coin and banks in both
deparentets
Seven day end other bills 813,197 Demme 6,246
The Rest
Notes in reserve .... 2,165,315 Decrease 1,330,625
In view of the heavy decrease in the reserve

notes, the still more important increase in the secu-
rities, and the heavy decline in the coin
and bullion, no surprise can be felt at the
stringent policy enforced by the Bank. The
reserve of notes is now little more than two
millions. The increase in the securities is ex-
clusively in the "other securities," the government
securities held by the Bank having somewhat
diminished. The addition to the " other deposits "
indicates that many persons borrowed money of the
Bank merely for the sake of holding it at their own
disposal.

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