The Express.
London, England, 1857-09-08 00:00:00

114 111
In 1M

MONEY MARKET.-THIS DAY.

Two o'CLocg.
Pending the announcement of further news from
India, all the Stock Exchange markets have become
weaker. English railway stocks have fallen 1 to
per cent. this morning ; French railway shares are
also depressed, and the funds exhibit a reduction of
about 3.18 per cent. since yesterday afternoon.
Consols, for money and to-morrow, are quoted 901
to /, and for the 14th Oct., 901 to 1. Very little varia-
tion from these rates has taken place throughout the
morning. The Three per Cents. Reduced (shut) are
marked 901 with div. ; the New Three per Cents.,
901 to 91 ; Exchequer Bills, 59. to Is. die. ; and
Exchequer Bonds, 1859, 981.
Foreign stocks show considerable steadiness, the
transactions being upon a moderate scale.
Peruvian Four-and-a-Half per Cents. are rather
Bat, and have been sold at 79 ex dir. The other
sales include batch Two-and-a-Half per Cents. at
641; ditto, Four per Cent. Certifs. at 99; ; Mexican
Bonds for account, at 211; Portuguese Three per
Cents., 1853, at 451 to 45 ; Russian Five per Cents.,
at 1091 ; Sardinian Five per Cents., at 90 to 691;
Spanish Deferred Three per Cents. at 261; ditto for
account (16th Sept.), at 25: ; the Passive Bonds at
61; Turkish Six per Cents., for account, at 931;
ditto, Guaranteed Four per Cent. at 991.
The specie brought by the Canada, from New
York, amounting to 90,000!., is expected to come to
hand to-day.
The 104,00 W. in gold, ex the steamer La Plata,
has been purchased for transmission to the Continent.
At Manchester, Messrs. Warburton and Ormesher,
silk brokers, have stopped payment, but the un-
covered liabilities are stated to amount to only about
20,0001.
The corn market yesterday was firmer, and an ad-
vance of Is. to Is. per qr. on Monday week's rates
was established in wheat. Since last Friday 27
grain-laden vessels have arrived at ports of call, of
which 6 consist of wheat, and 16 of maize. Most of
these were sold previous to their arrival. From
most of the country markets an advance of Is. to as.
per qr. in wheat is announced, bat the French corn
markets exhibit a further decline, the new grain
coming forward more freely.
A telegraphic despatch, dated St. Petersburg,
Saturday, quotes the exchange on London at 371 d.,
being &little lower. Parcels of gold to the amount
of 60,000 half imperials, or about 48,000/., had been
shipped for this country. The price of tallow was
193 ro. for August, and 195 ro. on the spot.
The new treaty of commerce and navigation be-
tween France and Russia is to come into operation
on the 14th inst. (new style).
According to the advices from Paris, the heavi-
ness recently shown In the market for railway
shares is in great measure due to the effect of the
new tax upon this description of property.
Amongst the calls at present hanging over the
Paris market is one of 31. per share on the shares
of that important undertaking, the French-
Austrian Railway Company. For some time
past the speculators have been under the
apprehension that the Victor-Emmanuel (Sar•
dinian) Railway Company would also be obliged
to make a call to the extent of 61. per share, accord-
ing to some reports ; but it would appear that steps
have been adopted to at least postpone this mea-
sure. The company are bound to furnish a sum of
800,0001. sterling for the purchase of the Novara
Railway, and as they are unable, in the present posi-
tion of the market, to raise money on bonds, the
National Bank of Piedmont and the Paris C'smptoir
d'Estrompee have come to their assistance, agreeing
to make the requisite advances for one year.
It is understood that the Union Steam Ship Com-
pany, a Southampton company, have obtained the
contract for the conveyance of the mails by steamers
between this country and the Cape of Goc;cl Hope.
The Master in Chancery charged with the wind-
ing up of the Tipperary Joint Stock Bank requires
the creditors to meet him in Dublin on the 22nd
October, when a person or persons will be appointed
to represent all the creditors.
The city of Brooklyn (United States), invites ten-
ders for "Permanent Water Loan 6 per cent. Bonds "
to the amount of 340,0001. sterling.
The half-yearly meeting of the Anglo-Romano
Gas Company is called for the 7th of October, at
Rome.
With reference to the silk market, the circular of
Mr. H. W. Eaton remarks:
Though to no very great extent, there has been a decidedly
Improved business rare the reports of the 7th ultimo, and of
a nature strongly indicative of the smell stocks in the hands
of consumers both here and on the Continent, nearly allpur-
chases being promptly cleared ; hers the continuance of
lint deliveries. Manufacturere still confine themselves to
their immediate requirements, but importers have met them
freely, the priors being now for best crud& ail 270., 265.,
and 26a., for Nos. 1,2, and 3 Tad.es respectively—tee
that should reasonably attract business, consideringness, that the
cost of these silks of the new crop, by the last whims from
China, ems Is. to Is. 6d. per lb. higher than these ()notations,
with every probability of a further advance on receipt of our
May and Tune mail.. The other descriptions of Vedas
very from 23e. to 245. Gd. • the latter, including some parcels
called No. S silk, but by no means up to the
standard. In Tapmams everything really Food sad
has berm sold, and will be scarce for some tune, the early
difpenents of new silk always consisting chiefly of Tailless.
Of the middling to common sorts of Taysaams there is ample
choice, and they appear comparatively cheep, selling from
2s. ed. to 3s. 6d. per lb. under the highest point, and all de-
scriptions of this silk showing a loos on the last quotations
from China of 2s. to 3s. per lb. In Cantons there is not much
doing at the moment, and in throwns literally nothing. The
new crop of atm silk is doubtless abundant, but any esti-
mate of total exports mud be purely speculative, such se the
report of 120,0 M hales. Nigh prices will unquestionably do
, much, but it is hardly probable, in the present relative posi-
tion of the two markets, that orders will be sent out, nor will
there be that rush after the various low descriptions which
banded to swell the imports of 186667 ; it seems to be the
opinion of those most accustomed to the trade that the ex-
ports' of 1867-68 will not exceed those of last season, but this
estimate Is, of course, equally speculative with the other. I.
Bengal silk there is no new feature, very little doing, and the
only description inquired for is fair medium silk from 16e. to
26a which dole not exist of sufficiently good quality. In
I the talian market there is no alteration, and the same may be
mid of Brutias and Persians.
Adverting to the continental adulteration of wine,
Messrs. Ridley and Co. observe, in their monthly
circular : . . . .

With respect to the molt of the numerously signed me-
morial to the Commissioners of her Majesty's Costomnunder
date 29th July, requesting them Oo restrict the wording of all
entries of wines imported from Hambro' Bremen, dec., to
'red or white wine, we now report that the authorities have
acceded to the wishes of the trade, and issued the necemary
orders to their officers on the subject. The demand front
Hembree for empty port piper end cherry butts continues on
a very large scale. Daring the last month some thouasnda
of such cash, some with first clam Xeres brand', were
shipped. We suggest that before merchants send away their
°empties" to the coopers or elsewhere, they should chip out
them valuable immersions.
They also remark :
The French government influenced, no doubt, by the re-
presentations of the Cognac merchants, have recently passed
• decree prohibiting the exportation of all casks bearing the
brand mark "Cognac," widening sum It foreign spirit. so are
manipulated in imitation of brandy. The decree comes into
operation on the let January, 1858, and its consequence will
be that ell who desire to avail themselves of the In nom,
will embraos the opportunity to manipulate largely, and thus
flood the English market by anticipation.

MONDAY EVENING.

Business continues excessively dull throughout the
Stock Exchange, owing partly to the season, and
partly to the belief that news from India may be re-
ceived by telegraph any hour. The variation in the
funds to-day scarcely exceeded 1.16 th per cent., and
the closing quotations were exactly the same as those
of Saturday. The settlement of the monthly account
in Consols occupies chief attention, and as the charge
for coming over the purchases of speculative holders
to the October settlement continues heavy, additional
, dulness is occasioned. In the other departments of
the Stock Exchange much steadiness is maintained,
except as regards American securities.
In the discount market to-day there was a fair
demand for money, but the supply was good. The
general rate for good bills is se per cent. In the
Stock Exchange the rate for short loans on govern-
ment securities varies from 4to 5 per cent. For
advances up to the middle of October, 6 to 51 per
cent. may be considered the current terms.

Consols, which closed on Saturday at 901 lot
money and Wednesday next, were quoted during dm
greater part of this day 90t to , and closed at
90 7-16 to 9-16, or exactly 901. or the 14th Oct.
the last price was 901 to 91, the "continuation "
remaining at 7-16 to f per cent., or equal to 5 to St
percent. per annum. The official business report is
as follows :—Three per Cent. Consols, for money,
901, 90} f ditto, for account (9th Sept.), 90f,
901. New Three per Cents., 91, 91J). Bank Stock
(shut), 217 ; ditto, for account, 217 f. Three-and-a-
Half per Ceut. Exchequer Bonds, falling payable in
1859, 981. India Bonds, 17 din.
Exchequer Bills were quoted ss. to is. discount.
The transfer books of the New Three per Cents.
will be shut for the dividend to-morrow (luesday).
Turkish Six per Cents. remain steady, and closed
at 953 to 1. The Guaranteed Four per Cents. were
last quoted 991 to h. Other foreign stocks were
steady, and there is some inquiry for Spanish de-
scriptions, but the transactions in this department of
the Stock Exchange were altogether limited. Sales
are recorded as follows :—Austrian Three per Cents.,
611 (exch., 1011.) ; Belgian Four-and-a-Half per
Cents., 971 (each. 25f.) ; Brazilian Old Five per
Cents., 102} ; Dutch Two-ands-Half per Cents.,
641 (exch., 12 fl.); Russian Five per Cents., 1091,
9f
Cen
; Sardinian Five per Cents., 891 ; Spanish Old
Three per Cents., for account, (16th Sept.), 401;
Ditto, New Deferred Three per ts., 251.
Considerable effect has been produced on the MU-
ket for all kinds of American railway securities by
the news of the panic in the stock market at New
York, and of the stoppage of the Ohio Life and
Trust Company. The shard of the Illinois Central
Railway, which on Saturday were dealt in at
10 pre:n., hare fallen to-day to Ito 3 prem., whilst
the bonds have fallen 1 to 2 per cent. In Michigan
Central Railway 100 dots. shares, and New York
and Erie Railway 7 per cent. Bonds, falling due
in 1862 and 1871, a fall of 2 to 3 per cent. has taken
place. In fact, the market for this description of
securities is at present little more than nominal.
Bank shares to-day were quiet. These of the
English, Scottish and Australian Chartered Bank
were rather flatter. Ottoman Bank dead at Ito
01 die. National Discount have receded to 11 to
die. In land and steam shares there was little
variation. Crystal Palace shares remain dull, at If
to I. Lendon General Omnibus were flat, at 31
to 3 11-16 (4!. paid). Electric Telegraph stock re-
mains firm. East and West India Dock stock was
officia.ly marked 107 to 1081.
The nominal closing quotations for the shares is
some of the new undertakings are subjoined, viz.:—
Oude Railway, 1-16 die. to 1-16 prem. ; Central
Oude Railway, par to prem.; Eastern Bengal
Railway, k to 3-16 prem.; Punjaub Railway, k
to 3-16 pm.; Euphrates Valley Railway, 1-16 dies.
to par ; Red Sea Telegraph, par to prem.; Riga
and Dunaburg Railway, f dis. to prem.

MINBS.-THIS DAY.

Two o'CLocz.

There is still very little business going icorward
in home mining stocks. Alfred Consols shares re-
main rather flat, and are marked 14.1 to 141. This
is the only business officially reported in the Stock
Exchange.
The recent fall in the shares of the Mexican and
South American Smelting Company has led to a few
inquiries for the shares, which are marked this
morning 1 and I. Linares shares meet with somo
inquiry, and have been dealt in at 84.
Subjoined is the official list of the closing prices
in the Mining Exchange yesterday. At the prices
quoted there are, respectively, buyers and sellers
Allred Consols, 14i, 15; East Daasst, 49, 51; Lady
Berths. 13a., lea.; gortridge Consols, 11, 2; St. Day United,
265., 275. ; Vale of Towy, 15a., 16e. ed. ; Wheal Messed,
Bi. I.
In foreign descriptions there was no important
alteration, but the shares of the Mexican and South
American Smelting Company h fallen to 10s. ta
11. Mt shares, fully paid). Cobre Copper closed at
47 to 48. Australian Mining were dealt in at Se.
(2UI. shares, with 1.25. 6d. paid).

MOWDAT Iviortwa.
In the market for home mining stocks to-day
there were inquiries for shares in North Wheal
Crofty, Wheal Kitty (Lelent), Par Consols, Wheal
Mary Ann, East Basset, Wheal Edward, and Great
South Tolgus. Alfred Consols and Wheal Trelawney
shares left off flat.