The Express.
London, England, 1857-12-03 00:00:00

MONEY MARKAT.-11113 DAY.

ON I o'Ci.ocx.
The funds to-day are firmer, and prices are now
quoted 1 per cent. higher than at four o'clock yester-
day. In moat of the other departments of the Stock
Exchange great steadiness prevails.
Consols opened at 911 to 1 for money and the 7th
Ist., and are now quoted 911 to 1. For the Bth Jan.
the present price is 92} to 1. The continuation
is a little easier, et / to 13-16 per cent.
Turkish Six per Cents. are well supported, at 92
to 1.

The Bank of England purchased yesterday about
23,0001. in newly imported gold, of which about one-
half was from France and Russia. Their purchases
of foreign and Australian gold since the date of the
last return are thus raised to nearly 290,0001.

There was again a Ter, weirs demand for silver
yesterday for shipment to Hamburg, bat the market
has now been cleared of its immediate stock.

Two or three fresh failures are announced to-
day. The most important is that of Messrs. Mendes
1M Costa and Co., West India and general mer-
chants. This house is an old established one, and
was considered highly respectable. It is feared that
the liabilities will not fall short of 330,0001. The
wets consist chiefly of West India dependencies,
and the partners consider that they will value very

Messrs. Sieger and Co., foreign merchants, have
tlso stopped, with liabilities estimated at about
60,001)1.
The panic at Hamburg will, it is feared, throw
insuperable difficulties in the way of a resumption
of payment by some of the Swedish houses which
lately stopped in London, and which were looking
to Sweden for assistance. Sweden, it must be re-
membereft, has very intimate commercial relations
with Hamburg. Messrs. Carr, baling and Co., of
London, who tailed a week or two ago, have been
compelled to abandon the hope of resuming pay-
ment. It is believed that the assets of this firm
will turn out favourably.
A meeting of the creditors of the Royal Surrey
Gardens Company was held yesterday at the Guildhall
Coffee-house, but oar reporter was refused admis-
sion. We understand that the accounts submitted
showed that, provided the building, lease of the
gardens, •c., were sold for 20,0001., and the fittings,
stock. Is:c., realised a further fixed sum, sufficient
would he realised to pay the mortgage creditors in
full, and 12a, in the pound to the general creditors.
A resolution was passed granting a letter of license
for a period of twelve months from October last, in
order to enable the directors to " make arrange-
ments for the benefit of the creditors." The whole
matter sesames an aspect most disastrous for the
shareholders.
The wheat market yesterday was firm, at Monday's
rates. Since last Friday It; grain-laden vessels have
arrived at ports of call. The country and Irish mar-
kets are generally reported Is. to 3s. per qr. dearer,
bat in France the tendency is drooping.
The steamer Ripon, with the heavy porbion of tko
Indian and Chinese mails, is expected to arrive at

Southampton to-morrow.
The half-yearly meeting of the Canada Company
balled for the 31st instant, and that of the St.
Katharine Dock Company for the 19th Joinery.
An extraordinary general meeting of the Crystal
Palace Company is called for the lith inst., to elect
Saar new directors, and " to consider the propriety,
and, if thought expedient, to authorise the directors,
Nader the 11th section of the Crystal Palm* Com-
pany's Act, 1838, to effect agreements with the pco-
prietnes of shares in the company for the conversion
thereof into tickets of edmiasioa into the buildings
and grounds of the company, on inch conditions se
may be agreed on."
The decrease shown in the weekly traffic return
of the London lad North-Western Railway, pub-
lished yesterday evening, is as much as 4,6941. In the
Great Northern return the falling off is 2,2621., com-
pared with the corresponding. week of last year.
The half-yearly interest is advertised on New
South Wales Government Debentures, and on the
debentures of the City of Melbourne Gas Company.
At a meeting of the bondholders of the New York
and Erie Railway Company, held yesterday, it 'wee
resolved to raise subscriptions to a new loan. Bab-
}Dined is a copy of the resolutions passed:
I. That the report is. wad be raotind sad adopted, sad
printed for eiretalatioe amused the bondholders.
2. That the C 003011140 be requested to reedy* weleetip-
doss to the propped sew ken. parse the ammo lo ea so-
matt to be opted with the Beak of &Ord la Ur aims
ol RobiwtCampbell, Willem rule Di Sths, aid Maw D.

Gowan, &qrs...
3. That Lb* committee be requeeted to eammenitene
the dirertore of Übe Nen York and Ede lasavvey, le
came into garb arranginneete and obtain teen then Ma
lIIIMMINOIS I& they may colander requisite for the gement
beret sad protection of the bondholders.
With reference to the market for Americo' mil-
may securities, Mr. E. F. Satterthwaite reports ss
an_ler :
- . . . . . --•

Then lea bees a goat market Is Amnon nawities dia-
log the "pea week. Eschews beans lamb sad Ste
country has become sore modify argedned, which hes faci-
litated the manna of may ordure imiewely held back.
TIMM le so loam, thendire, the anneal ammity of ask
ea the market to mat the currmt amond, seed prime is this
market bag heavily after the Now Teak gwaseiess. The
nage of pares here fa sow rather he.. time 1114 received
from Marks ; sad, elfhorsh an advance In be. °blamed
whore tramernosa Item takes dm socket la .hest
imamate. The dock sad boidlcNesdtba Na. York urea
Erie hems bald mother areethig, end have authorised the
canalitse to soave subornation* to thew Man; sad to
cosi, with the board of directors. et New York, for the
?stare patertka d the Stares sincand by mortgage.

WIDNISDAT ITS111:10.

The fonds opened rather heavily this morning, it
being feared that the extraordinary panic at Ham-
burg will react here, and tend to check the favoura-
ble movement of our money market. The fends
finally closed per cent. higher than yesterday.
The other departments of the Stock Exchange were
also firmer this afternoon.

Consols, which closed yesterday at 911 to 3fbr
money and the ith Dec., opened this morning at 91,
"sellers," but afterwards steadily improved, as,.
closed at 911 to 1. For the Bth of January the last
price was 924, rather "buyers." Tlrs "continua-
tion" was still as high as 13-18 to per cent.;
the former rate is tgnal to 94 per cent. per
annum, after deducting the biome tax.
Exchequer Bills remain steady, at 4s. die. to par.
India Bonds were dealt in at 33e. to 28e. discount.
Turkish Six per Cents. were la renewed s -
latire demand to-day, and at one time touched 924.
The closing quotation was 924 to 1, being 4per cent.
above that of yesterday. The Guaranteed Four per
Cents. closed at 99 to 4. Other foreign Macke were
fairly supported.