The Express.
London, England, 1857-09-01 00:00:00

4 %

MONEY MARKET -TBIS DAY.

Two o'CLocK.

The funds to-day are better, owing chiefly to the
more favourable tendency of the bullion movement.
Prices now stand at an improvement of per cent.
compared with the closing quotations of yesterday.
The share market is also firm.

Consols for the 9th of September were first
marked 991, and are now quoted 901 to 1. For
money the present price is 901. The Three
per Cents. Reduced have been dealt in at
901 to 911; the New Three per Cents., at 911 to ;
Bank Stock, 2131 to 217; Exchequer Bills at 2s.
dia. to par; Exchequer Bonds at 991; and India
Bonds at 22 dia.

Turkish Six per Cents. are inquired for, and are
marked 9d for the 18th of September; Peruvian
Four-and-a-Half per Cents. are marked 791 ex div.
The other transactions in this department are

limited to Equador New Consolidated Bonds at
; and Portuguese Three per Cents., 1863, at
46t.
The improvement which occurred in the market
yesterday morning was principally occasioned by the
large imports of the precious metals. The bullion
movement is evidently becoming more favourable.
The extensive purchases of gold effected by the Bank
last week have yet to be exhibited in their returns ;
and now farther supplies are to band of such mag-
nitude (u detailed below) as to give rise to
a confident belief that the Bank's stock will yet re-
ceive a considerable addition. It is peculiarly satis-
factory to remark that the recent extraordinarily
heavy shipments of silver to the East have not pre-
vented the retention here of a great mass of newly
imported gold. The immediate pressure of the sil-
ver drain is at present materially mitigated, and it is
estimated that the total remittances by the Indus on
the 4th Sept. will not exceed 600,0001. to 800,0001.
The last packet, it will be remembered, took
1,09,5,0191. The reason of this satisfactory change
is a diminution in the orders from India to ship
silver thither, consequent, probably, upon the
paralysed state of trade in Indian exports.
Meanwhile, the arrival of the steamer La
Plata furnishes a large portion of the silver required
for the following packet of the 20th September, and
the withdrawals of the metal from the Continent
will be proportionately diminished. As the ex-
change at New York keeps up, and as more than a
million in Australian gold is actually on its way to
this country, there seems ground for the hope that
bullion will accumulate in the Bank. The market
will thus be rendered the better able to provide,
without inconvenience, any additional pecuniary
means which may ultimately be needed for the ser-
vice of the nation in the East.

Of the 348,0001. in specie and bullion brought
from New York by the Persia, the greater portion was
destined for London, and came to hand yesterday.
About 73,00 W. or 80,0001., consisting of refined gold,
was yesterday sent into the Bank, whilst parcels of
American eagles to the amount of 30,0001. or
40,0001. are known to have been purchased for ex-
portation to the Continent. Further sums may per-
haps be retained here.
The amount of specie and bullion brought by the
steamer La Plata, from the West Indies, Mexico,
Bc., is no lees than 444,4001., of which about
339,5001. is silver, and 104,9001. Fold. This im-
portant supply is expected to be delivered at the end
of the present week.
The 123,8001. in gold, ex the steamer Indomitable,
from Melbourne, is expected to be delivered to-day,
and the bulk of it will probably be sent into the
Bank. • _ . _ _

The steamer Berwick has brought 48,600 half im-
perials, or about 38,8001., from St. Petersburg.

- -
H.M.S. Trincomalee has also brought a quantity
of specie and bullion (silver) from the Pacific. This
remittance is expected to reach London to-day.
The corn market yesterday was not quite so de-
pressed in character as on Friday ; nevertheless,
new wheat was quoted 3s. to 4s. per quarter lower
than on Monday week. The pnce of town-made
flour was reduced 3e. to 4e., and now stands at
50s. per sack. The imports of foreign grain into
London last week were liberal. The number of
floating cargoes of grain arrived at ports of call
since last Friday is 20, but the whole of these bad
been previously disposed of with the exception of
three or four. From all the country markets held
at the close of last week a fall
regards tng from Is. to
4s. per qr. is announced aswheat. From
most of the French markets lower prices are also
reported, the supply of new corn on offer being
more liberal. . _ _

The accounts received from moat parts of the
kingdom tend to show that the yield of wheat is
considerably larger than was at first thought. On
the other hand, the potato disease seems to be
spreading in many localities.
Telegraphic advice, from St. Petersburg quote
the exchange on London at 37 11-16 d. Tallow was
arriving freely from the interior, whilst ship room
was scarce.

The subjoined memorandum is from the committee
of Mexican bondholders:

The committee of Mexican bondholders have received
advice. from Mr. Whitehead, dated 2nd instant. The B►
leadarte the official journal of the capital) of the 13th July
hut, publish'a the circular order of the Minister of Fiume,
dated June 25, on the receipt of which by the caaiom•house.,
the sueeion of payments was to cease as regards the
foreign bondholders and convention creditors, with a proviso,
however, that the government anticipations to the amount, it
was said, of about 205.000 dole., still in circulation, wereto be
satisfied out of the dudes. According to this, the revenue. of
the dividend fund would again he at the diaposal of the
bondholders about the beginning °tidy's/it, hurthened with
a liability of about 61,000 dole. The La Plata• however,
brings no remittance yet, for which various reason are given.
The 22,000 dole. in the band" of the agents In Colima had
ktfely arrivrd in Manzanillo for shipment to the B►nk of
England vita Panama. The republic was tranquil, and the
difficulties with Spain appeared for the moment to be the
chief subject of euitement there.
----••- • - • • -

The following is from the Mexican financial agent
in London :

NZIICAN Dalt.
By the Royal Welt India steamer la Plata, just arrived.
22,000 dollars Dave been nweived from Colima, viol Panama,
for the Mexican dividend..
Besides the above sum, 66,6761. 7s. Ild. is already depo-
sited in the Bank of England
(Signed) F. FA cio.
32, Cheat Winchester-street, August 31, 1867.
The Ecuatorian Commission of Agency yester-
day received 1,4021. 18s. Ild. on account of Ecuador
dividends.
We are informed that the prospectus of the Mel-
bourne and Ballarat Railway Company will be issued
in a few days. It is stated that the project is sup-
ported by a number of the parties interested in the
Geelong and Ballarat Railway Company,the winding
up of which has just been decided upon.
A call of It. is to be paid on the new shares (1857)
in the London and Blackwall Railway Company by
the 30th September.
With reference to the New York and Erie Rail-
road Company, the New York advice. remark as
follows :
This company gives notice that eutecriptions will be re-
ceived until the let November Dent for 6.000,000 dole. 7 per
cent. bonds, redeemable let October, 1880, interest payable
let Apnl and October. They will be sold at par, payable 50
per cent. In any of the unsecured bonds of the company, re-
deemable is 1862, 1871, end 1876, and 50 per cent. in midi
at time of subscribing, or in monthly iwitalments of 10 per
cent., at option of purchases. Them bonds are guaranteed
by a mortgage on the entire rood, &enchain and equipments,
and all the leasehold property of the company, including the
hims, fon privileges, and landedproperty of the Long
Dock Company of Jersey city, Tb• obieut of the new lose
—which will Incomes the debt el the company only about
1.000,000 dole.—is to fund the present !hating debt, and to
obtain means to continue tbe construction of the tunnel,
depot, wharves, and other Improvements of the Long Dock
ProPtTtY.
'I he following communication, dated Havannab,
the Bth of August, gives an account of the recent
bank panic in that ciq :
During the last days of July, we mast Omer) bream
tolerably settee, but ft laded only a mry abort gam and a
complete dulness followed, owls' to Me pest pram* to
our wary by the perk= esemelme de&
Mg fa atodot"4:fit ="awbleit regmt be m, wee amid
em by aro to • mat dedgerom degree of bW seacobtalso,