The Express.
London, England, 1857-12-07 00:00:00

moNsy NARICBT.-THIS DA T.

Two o'Cwox.
The funds to-day exhibit a farther advance of k
to I per cent., owing to the redaction in the rate of
discount by the Bank of France, coupled with the
favourable advices and large arrival of specie from
America.

Consols for money have been dealt in from 911 to
1, and are now quoted 991 to 1. For the Bth of Ja-
nuary the present price is 931 to 1. This is settling
day, and two failures have been annotmeed in the
Stock Exchange. The Three per Cent. Re-
duced are marked 901 "..to ; the New Three
per Cents., 901 to 1; Bank Stock, 217 to
218 ; Exchequer Bills, 3e. dis. to par. ; Exchequer
Bonds, 1858, 981; do., 1839, 971; and India Bonds,
335. dis.

Turkish Six per Cents. are firm, at 92 to f, after
being marked 921. Other foreign stocks are steady.
Sales are recorded as follows :—Mexican Bonds, for
account (16th December) at 181 and 181 ; Portu-
guese Three per Cents., 1833, for account,
at 431 and 431 ; Russian Foar-and-a-Half per
Cents., at 96 ; Spanish Old Three per Cents.,
at 401 ; ditto New Deferred Three per
Cents., at 231; the Passive Bonds, at 51; the Com-
mittee's Certificates, at 41; Turkish Six per Cents.,
for account (Dee. 16), at 921 ani 921; ditto
Guaranteed Four per Cents., for account, at 991.
The Seringapatam has arrived at Liverpool from
Melbourne, with 12,180 minas of gold on freight,
worth 48,7001.

The following is an extract from a letter received
from Messrs. Richard Jervin and Co., dated
New York, the 24th of November, viz.:—
" Report of oar suspension is entirely unfounded ; we
have no engagements on this side which we are not
prepared to cash on presentation, and in fact no
responsibilities of any importance or causing us any
uneasiness."

The Council of the Bank of France, who on the
26th ult. lowered the rate of discount one per cent.,
an Saturday announced a further reduction of one
per cent. The rates are now fixed at 6 per cent. for
30 days' bills; 7 per cent. for 60 days; and 8 per
cent. for 90 days. The Council have been impelled
to this satisfactory measure by the steady decline in
the demand for money, coupled with the continued
influx of specie. It is stated that notwithstanding

the recent reduction in the premium on gold from ten
to five per mille, and the consequent decresee in the
Bank's artificial purchases of gold, the stock of
coin and bullion, which was stated in the
Wt published return at 7,681,0001., has now in-
creased to 8,840,0001. Under the legitimate influence
of an increased rate of discount, specie is flowing
Into France from a variety of quarters, including
Spain, Italy, the Levant, Egypt, and even Algeria.
Letters from well-informed persona in Paris express
a belief that the Bank will this week reduce the
premium on gold to 3 per milk. The present move-
ment of the Bank of France is calculated to engender
a more cheerful feeling throughout the continental
money markets. Its effect upon our market must
also be beneficial, since the exchange between
England and France will be kept at a point high
enough to warrant a continued flow of specie to this
side. The English is now more than ever the dearest
market for capital in Europe, with the single excep-
tion of Hamburg.
The monthly return of the Bank of France will be
published in London next Friday morning.
The Bank of England purchased on Saturday
about 30,0001. in gold from various quarters.
The Canada sailed from Liverpool on Saturday for
Boston and New York, with 18,2701. in specie on
freight. On balance, however, the current of specie
between the United States and England is now de-
cidedly in our favour, and the stringency of the
English market is calculated to attract considerably
increased supplies of gold from that aide.
The transfer books for Consols and India Stock
will be shut for the dividend to-morrow. _ _

We regret to announce the stuipension of Messes.
Sewell, and Neck, a most respectable firm largely
engaged in the Swedish and Baltic trade. A week
or two ago, when the first embarrassments in the
Swedish trade occurred, the house found itself in need
of temporary assistance, which was promptly furnished
by its numerous friends. The utter disorganisation
which the northern panic has occasioned in those
trades has at length forced it to succumb. The
position of the firm commands general sympathy.
The amount of liabilities is as yet somewhat uncer-
tain, but may. perhaps be between 300,0001. and
400,0001. It is believed that the assets will turn
out favourably, for upon an examination into the
position of the firm, made a week or two ago, a
surplus of about 100,0001. was considered to be
ultimately realisable. The circular issued is as
follows :

B, Fincb-laws, London, D.c. 6.

It is with the deepest pain we have to inform ye* that we
have suspended our payments. The present unprecedented
state of commercial affairs in the north of Europe ham induced
ea to take thin step so the one most conducive to the interests
of the general body of our creditor,. We have placed our
amounts in the hande of Messrs. Torquand, Young, and
Co., for the purpose of preparing a statement of our affairs,
which shall be submitted to our creditors at the earliest
possible period. In the meantime confidently relying on
your kind sympathy and forbearance, we are, your very
obedient servants, /lemma and ?ism

Messrs. J. M. Stobart and Co., merchants, of
Great St. Helene, have also stopped. The liabilities
in this case are believed to be limited.

Annexed are circulate calling a meeting of the
creditors respectively et Menus. Broadwood and
Barclay, and Messrs. Hoare, Buxton, and Co., who
lately stopped payment :

Tower-sheet, London, Dec. 4, 18,57.

We beg Most respectfully to inform you that Miners, J.
E. Coleman end Co., the aocountanta, will complete the in-
castigation of our affairs and the necessary amounts at the
commencement of neat week. We have therefore to request
the favour of your *Madame, or that of • person duly
authorised by you, at a meeting to be held here on Thurs-
day nett, the 10th instant, at one o'clock in the afternoon
punctually, when • proposition for the liquidation of our
estate will be submitted to your cousideratien.—We sr, &0.,
BROADWOOD and BARCLAY.
23, Old Broad-sheet, London, Dec. 4, 1857.
Oentlemen,—/teferring to our circular of 18th ult., we
now respectfully have to request the favour of your attend-
ance, or of some duly authorised person on your behalf, at a
meeting to be held at our counting-house, as above, an Fri-
day neat, the 11th inst., at one o'clock punctually, when •
statement of our akin will be placed before you, end • made
of liquidation submitted for your oonsiderstion sad approval.
We are, gentlemen, your obedient meant;
BOARS, Bravos, and Co.
The imports of the precious metals reported last
week commie 35,0001. by the Canada, and 78,6001.
by the Adriatic, both from New York; 295,0001. (of
which about two-thirds are silver and one-third gold)
by the Orinoco, from the West Indies, Mexico, &c. ;
10,2001. by the Anambra, which arrived this
day from the Peninsula.
The value of these arrivals is about 418,0001. In
addition, about 140,0001. in gold is computed to
have been received by the Bank from various par?
of the Continent, and about 20,0001. his arrived in
continental silver.

The Custom-house weekly statement of the ex-
ports of the precious metals direct from London in-
cludes 8,430 oz. of gold, and 413,100 oz. of silver,
representing a total value of about 133,0001. The
silver was despatched almost entirely to Hamburg,
and the gold to Hamburg and Belgium. The par-
ticulars are as follows, viz. :—Gold coin : to Ham-
burg, 3,300 oz. ; to Belgium, 1,930 oz. Gold bars :
to Belgium, 3,000 oz. Silver coin : to Hamburg,
20,000 oz. ; to Belgium, 800 oz. Silver bars : to
Hamburg, 392,300 oz.
The other shipments have embraced 18,2701. by
the Canada for New York ; 409,0851., nearly all in
silver, by the Indus, for Alexandria ; 81,50. in sil-
ver by the John Bull, and 90,0001. in silver, by the
Countess of Lonsdale, both for Hamburg ; and
3,7831. by the Atrato, for the West Indies. The
amount of specie shipped up to Saturday afternoon,