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

AMERICA.

The New York Herald of the 29th ult, remarks
on the present upset of the money market :
There is, beyond all question, • much better feeling in the
money market. The beaks are full of money, but dare not
lend it on commercial paper. The principal businem of our
banking institutions just now is turning over, renewing and
arranguig in different wove their protested paper. The banks
never gent extensions, but they renew paper, either the
whole or in part, and keep it alive with all the additional
security they can squaw oat of the makers or endorsers, A
good deal of this accommodation has been extended, sad It
amens to be the prevailing dhpoeition, both inside and oat-
side the beak', to great all the necessary facilities fora satiav
factory adjustment. Most of the large houses which have
ended entirely ask en extension, generally, of al:, twelve.
sod eighteen months, and we have heard of but very fen maw
when it has not been freely granted. This is the right
Mutual forbearance sad support in each times is a
and we are glad to see it so universally practised.
We are pleased to see that there are very few men fa the
community disposed to press any claim by litigation, gad is
every instance where Wire narrow-minded, mean,
man her forced demands into judgment he haa been
and will find little favour should the revulsion force him into
difficulties. This city ie. probably, aa free from this class or
merchants as any other in the world, but we have heard of
mere where all consideration on account of the general
prostration of credit and almost anniLilat ion of values appears
to have been lost sight of, and the utmost rigour of the law
made available to fume payment to the exclusion of the rest
of the creditors. These ore, fortunately, isolated cues. The
great bulk of our merchants are generous, liberal minded
men, and are the last in the world to oppress the unfortu-
nate, or to place any obstacle 3¢ the way of recovery from
individual emberrsounent.

The receipts of gold by the Persia will perhaps
occasion some little relief to the market. The addi-
tional reserve by. the New York city banks in the
past two weeks is already more than the suspended
banks realised in four months in 1837.

The intelligence from Europe had a prompt effect
upon the stock market. There were large males
of New York Central at 811 to 83 at the first beard.
and at 83 steady at the second board. There was •
general advance upon all securities offered. We note
an advance as compared with the previous day's
closing sales, in Virginia Sixes,4l ; Missouri, 11 ; New
York Central Shares, 2; Reading, 21 ; Panama, 2;
Illinois Central, 2; Chicago and Rock Island, 2/ ;
Delaware and Hudson Canal, 4; Ohio Sizes, I;
New Yak State Fives, 3.

THE Banzus.-I,IBIION, NOT. 10.—The Royal
Mall steamship Teviot has arrived with the mails from the
Brazils. At Rio the coffee market was whhont alters-
lion ; exchange 111. At Bahia sugar bad fallen 600 eels;
eictuatp 271. At Pernambuco no alteration in cotton;
exchange 271. Ths Lady Westmoreland, for London, woe
at Rio Nay, ameba:ping; the Nipi.oquet, of Liverpool, at
the same poet. The Rea, the Hermione, and the Zeika were
at Pernambetoo.