The Express.
London, England, 1857-12-01 00:00:00

MONEY MAREBT,2'BIB DAY.

Two o'CLO6I.
The funds to-day have fallen. The " continua-
tion " on Consols is decidedly heavy, having
increased to Ito 1. The market is also prejudiced
by the failures at Hamburg, and by reports
that a large amount of gold has been despatched to
that city from this side. Consols are consequently
quoted 1 per cent. lower than at four o'clock yester-
day.
Consols for money and the 7th instant were first
marked 911 and 911, and are now quoted ex-
actly 911. The Three per Cent. Reduced
have been dealt in at 901 to 90 ; the New Three
per Cents., at 901 to 90; Bank Stock, at 218 to
218 ; and Exchequer Bills, at 4s. dia. to par.
Turkish Six per Cents. were pressed for sale in the
morning as low a. 911, but have since recovered
to 91/ to 92. Mexican Bonds are in demand,
and other foreign stocks steady. Sales are recorded
as follows :—Danish Three per Cents., at 831;
Dutch Two-and-a-Half per Cents., at 831 ;
Mexican Bonds, for account (18th Decem-
ber) at 181 to 19 ; Peruvian Four-and-a-Half
per Cents., for account, at 781 ; ditto, Three
per Cents. fur account at 511 ; Reagan
Four-and-a-Half per Cents., at 981; Turkish Six per
Cents., at 91; ditto for account (18th December), at
911 to 911; ditto, Guaranteed Four per Cents., at
994; ditto, for account, at 994.
The prospects of the money market continue
favourable. Owing to the increased willingness of
holders of money to lend, the demand at the Bank of
England was yesterday absolutely quiet. This is an
important feature, considering the magnitude of the
Ire Payments which fall doe from day to day at that
establishment. The Bank yesterday purchased about
38,0001. in newly imported gold, making a total of
upwards of 200,0001. since the date of the last re-
tarn. Including the sum on board the Essex, that
ex the Simla, and the remittance expected by the
West Indian and Mexican packet, a million in gold
and silver may be said to be now due, or nearly so.
In the Stock Exchange yesterday money was rather
more wanted, owing partly to the settlement in
shares and foreign stocks, but short loans on Consols
were obtainable at 5 per cent.
The next intelligence from India is expected to
reach London by telegraph about the Bth of De-
cember.
The failure is announced of Messrs. Henry Hoff-
mann and Co., merchants, chiefly in the Continental
and Australian trades. The house has never stood
high, but it is thought that the liabilities will reach
about 100,000/. Subjoined is the circular issued :
Leedom, No. 7, Broadiadreet-buildiegs, Nov. 30, 1867.
Sir,—We deeply regret to have to iufoem you that, in
cold
to of the failure of @event houses whose paper we
hold to a large smouat, we dnd ourselves compelled to mut-
red payment.
Our Looks are in the hands of Rama J. E. Coleman and
Co., who will, es early as amiable, submit a statement of oar
elLaire.—We ere, sir, your -most aethistvants,
HENRY HOPFXAser NN sad Co.
At Hamburg, notwithstanding the measures
which have been adopted with a view to the restora-
tion of confidence, great disorganisation continees
to prevail in commerciali affairs. The advice, pub-
lished yesterday announce the suspension of no less
than six important firms. The names ate given as
follows : Messrs. Ullberg and Kramer, who received
assistance some days ago ; C. F. Johns and Sons,who
were the contractors for the recent Swedish railway
loan ; Messrs. Van Leesen, a very old and highly
respectable house in the colonial and tea trade, also
shipowners ; Mr. F. C. Gross, shipowner ; Messrs.
Lamer and Uhde, and Mr. Reimarus.
The amount of specie brought by the Canada,
from New York. is stated at about 35,0001. The
advice. from England engaging the attention of
the American community were those taken out by
the Arabia, which left Liverpool on the 31st Octo-
ber, with 204,0001. in specie. At that date the
Bank of England rate of discount was eight per
cent. By telegraph, rio Halifax, however, we learn
that the news by the Niagara had reached New
York. This vessel sailed from Liverpool on the
morning of the 7th November, with 120.0001. in
specie. It was on the afternoon of that day that
the stoppage of Messrs. Dennistoun and Co. was
announced in London, and the Bank rate had been
raised two days before to nine per cent. The prin-
cipal effect of her news seems to have been a fall in
stocks, and shares, and cotton. The advice. by the
Canada mention the stoppage of two of the most
important mercantile houses at Boston.
The following exhibits the latest quotations of
exchange on London in the Indian and Chinese ports.
At Calcutta the movement is decidedly favourable to
this country, but at Bombay, Bong Kong, and
Shanghai the tendency is rather calculated to en-
courage shipments of silver thither.
By present wail. By previous mail.
At Calcutta 2a. 244. .. 2a. 24d. to 3d.
Bombay 2a. 1 16-16 d. .. 2s. ltd.
Hong Kong
Shanghai
Yesterday there was rather more demand for silver
for exportation to the East, but it is ctill thought
that, owing to the obstacles interposed by the state
of the money market, the remittances by the Ida.
on the 4th inst. will be below 400,0001., inclusive of
those on account of the East India Company.
There was also a demand for silver yesterday for
Hamburg. Remittances of silver are stated to have
been made to that city at a loss, firms being anxious
to strengthen their position at any sacrifice.
The steamer Solent arrived at Havannah on the
18th instant from the Gulf of Mexico, with 769,000
dollars, or 153,8001. in specie, principally silver,
on freight. This remittance will be btought to
England by the Orinoco, which is expected to arrive
at Southampton to-day, and which will probably
bring a total of at lent 300,0001. in gold and silver.
The Robin Hood and Northflect have arrived from
China. The former vessel has brought 773,900 lbs.
of tea and 2,354 bales of silk, and the latter
250,000 lbs. of tea and 653 bales of silk.
A telegram from St. Petersburg announces the
L close of the navigation. The exchange on London
showed no recovery, being quoted 344 to 4.1., from
which it to to be inferred that gold will continue to
flow to this side, despite the obstacles interposed by
the government.
In the corn market yesterday an advance of about 28.
per quarter over last Monday's rates was established
for wheat, but this advance seemed to check business.
The number of grain laden vessels arrived at ports
of call since last Friday is ten. All the country and
Irish markets are reported Is. to 2s. per qr. dearer,
but the French markets are fiat.
The weekly tragic return of the Great Western
Railway Company of Canada, just received, shows a
decrease of no lees than 6,0621., compared with that
for the corresponding period of last year. In ex-
planation of this, the advice,. remark that the "con-
nection with the Eastern railways has been com-
pletely interrupted by freshets, which have caused
mach damage to the railways east of the suspension
bridge." During the fifteen weeks of the current
half-year, the aggregate decrease is 47,3431.
The adjocrned meeting of the shareholders of the
Royal British Bank is to be held to-morrow.
the next general meeting of the shareholders of
the London Joint Stock Bank is called for the 21et
of January. The four retiring directors offer them-
selves for re-election, and a director is to be elected
in the place of Mr. Archibald Hastie, deceased.
A general meeting of the South Australian (Land)
Company is called for the 18th December.

MoxpAN Erzigngs.

The funds opened this morning with a favourable
tendency, purchasers still predominating. Prices at
one period showed a fresh rise of rather more than
per cent. Some sales ensuing, and the rate of
"continuation" on Consols to the January settle-
ment advancing to per cent., the market became
rather less buoyant, but up to the close of the Stock
Exchange prices were still quoted fully per cent.
higher than on Saturday. After the recognised
hours, however, an unfavourable renction of nearly