The Express.
London, England, 1857-11-09 00:00:00

It Ii de

The important firm of Messrs. Dennistotin Cross,
and Co., of London, largely engaged in the imelican
trade, have been compelled to suspend payment,
owing to the non-arrival of remittances from the
United States. This is the largest suspension yet
announced, and the engagements of the house are of
the mast extensive character. Inasmuch, however,
as the property of the firm, together with the pri-
vate property of the partners, was estimated at the
beginning of the present year to be worth something
like a million sterling, it is inferred that the stop-
page will be merely temporary, and that none of the
creditors will ultimately sustain actual loss, how-
ever great may be the temporary inconvenience.
From Liverpool two more failures are announced,
the firms being those of Messrs. Douglas and West-
wit, merchants and ship-broken ; and Mr. A. E.
Byrne, who is engaged in the Canadian wood and
shipping trade. Both houses were respectable.
We understand that the liabilities of Meson.
Nayler, Vickers, and Co. have been considerably
overstated. The amount is stated, on good authority,
to be under 300,0001. Neither is it apprehended
that other firms in Sheffield will be shaken by their
suspension. Their trade was almost exclusively
with America, and their liabilities in Sheffield do
not exceed 15,0001., incurred chiefly with extensive
coal companies. The meeting of creditors is fixed
for the rather late date of the 24th instant, in order
to allow time for representatrces of the creditors in
Cweden to be present at it; and not from so long a
time being required to prepare the accounts, from
which an accurate statement of the affairs of the
firm can be extracted at once. Although they have
fear houses—one et Sheffield, one at Liverpool, one
at New York, and one at Boston—yet these consti-
tute the same firm with the same partners, one of
whom resides in Stockholm. There is, however, no
branch house there; consequently there are no com-
plicated interchanges of accounts to arrange and
adjust, the present establishment at Sheffield having
always the transactions of every branch posted up
to the latest advice.. It is believed on all sides that
the suspension of the business of this important firm
will be but temporary.
The imports of gold lost week were trifling,
amounting to only about 45,000/., comprising 40,0001.
by the Lion, from St. Petersburg, and 6,2661. by the
Colombo, from Alexandria.
The shipments have been large. The Custom-
house weekly statement of the exports of the pre-
cious metals direct from London includes 23,320 oz.
of gold and 2,500 oz. of silver, representing a total
value of about 91,0001. These supplies were de-
spatched to France and Belgium, chiefly to the
former country. The particulars are as follows, viz.:
Gold coin—to Belgium, 3,120 oz.• te Boulogne,
200 oz. Gold bare—to Boulogne, 20,000 oz. Silver
coin—to Belgium, 400 oz.; to Boulogne, 1,200 oz.
Silver bars—to Boulogne, 1,200 oz.
The shipments from the outports have comprised
968,8471. (of which 12,1521. was gold and 944,6961.
silver) by the Ripon, for Alexandria and the East;
8,7001. by the Medway, which will sail on Monday
fur the Brazils ; 3,2001. by the Oscar, for Africa ;
about 63,0001. in bar gold and sovereigns drawn
yesterday from the Bank, by' the Tagus, for the
Peninsula ; 13,0001. by the City of Washington ;
68,0001. by the Ariel ; and 120,0061. by the Niagara—
all three for New York.

The total ascertained shipments of the week are
thus raised to about 1,302,0001., but the bulk of those
consisted of silver.

On the Continent the exchanges on London are
reported firm. At Hamburg, however, the quota-
tion for 3 mouths' paper has declined, owing to the
rise in the rate of discount in that city. At Amster-
dam the tendency of the exchange is more favour-
able.

In the Bankruptcy Court on Saturday, in the ease
of Mesas. Kemp and Clay, bill•brokers, of Nicholas-
lane, Mr. Commissioner Fonblanque awarded only
third-class certilicates—suspended in the case of Mr.
Kemp for six months, and in that of Mr. Clay for
three months, from the date of the last examination
in August.
The Bankruptcy Court have made an order for
winding up Groux's Improved Soap Company.
A can of 21. is to be paid on the now shares in the
Brighton, Ilove, and Preston Constant Service Water-
works Company by the Ist Dec.
The result of a visit to the sherry district is thus
described by Mr. F. W. Coseus, in a circular dated
the 4th inst.:

Baying just returned from the sherry district I consider it
desirable to place the folio. ing facts before you. The result
of the vintage has not proved satisfactory ; the show of fruit
wee much in excess of that of last year, but in coneequenoe of
the unusually die meson the yield of t•Meatto- has Leen lest.
The present state of the sheer, wine trade demands grave
consideration, and it is desirable that home dealers should
dearly realise their position as to future supply and prices.
The actual money-wealth of the growers and " Aimee..
" of Jen; Port fit. Mary, &c., has during the last See
years vastly lacressod, consequent upon the realisation of old
accumulated stacks at very remunerative prices; large sums
seek investment, and as wine is theonly commodity produced,
all capital most remoin unproductive, or be invested in that one
article. The scarcity of young wines now we are coming upon
th• recent short vintages is severely felt, and as the tt Aliases-
aides" readily give higher prices than ever, comparatively
new wine realises the tame value se that at which comped-
tion now compels the shipper to supply fine old sherry to the
English wine merchant—the recall is that shippers must for
another year mainly depend upon their own reserves to sup-
ply their connexions; the present state of the trade not justi-
fymg release at such rats so would render imperative an
advance of 101. per butt upon all marks of current
sale.

BATVEDAT EVENING.

The funds this morning opened flatly, owing to
the very unfavourable Bank returns, but animation
was imparted by a purchase of 80,0001. stock for
account of the Court of Chancery. As persons who had
effected speculative sales in anticipation of the publi-
cation of the Bank returns then came in as buyers, a
farther upward movement was occasioned. Daring
the whole of the afternoon great firmness was exhi-
bited, and the closing quotations were 4 per cent-
above than of yesterday. After the recognised