The Express. — 1847-11-03 (London, England)

MONEY MARKET.  TUESDAY Ersitisro. In the early part of the morning the funds were in progress of improvement, and Consols were called as high as 82 to 1 for money, and 82! to for account, a rise equal to Z per cent. upon tho last rates of yeaterday. At this advance speculators for the fall made their appearance, and sold freely, so that the rates had receded at the close to 811 to 2 for money, and for account to 82. To account for the fall, rumours of sinister import were not of course wanting. One, and the first, was the arrival of the overland mail with unfavourable intelligence ; which, as no trace of it could be discovered in any quarter, was converted to a pigeon express, and subsequently a telegraphic despatch from Paris bearing the same important news. Another flying report was the suicide of the Renal Minister of Finance. These baseless rumours are alluded to only for the purpose of exemplifying to what lengths of absurdity or invention speculation or ignorance may be carried or imposed upon. Not less absurd and unfounded was the report confidently circulated, and believed in some quarters, that the Bank of England had been' exacting 16 per cent. on discounts or advances. Reduced Threes were 801 to 1. Three-and-aQuarter per Cents., 82 tot. Exchequer Bills, 20a. to 15s. discount India Bonds, 335. to 28s. discount. Long Annuities, 8.1 to 1. Bank Stock, 183 to 5. India Stock, 227 to 9. Rather more activity of business may be reported in the foreign market in the afternoon, in consequence chiefly of reported orders for purchase received from Holland and Hamburg. Dutch Two-and-a-Half per Cents. were done at 531 and may be quoted 53i to 4 ; the Foams, 81f to 2,1. 'Brazilian, 77 to 8. Mexican, 15; to 161. Portuguese, 21 to 2. Spanish Fives without business, were called 16; to ; the Threes, 28 to 7 ; Passive, 34.1 to Chihan 85 to 7. A bargain in French Five per Cent. Rtites was done at 114 f., at exchange 25f. 80e. More business was done in foreign exchanges today than far some time past, although lower rates were submitted to by the buyers. As the usual mode of paying on the next post day was no longer in question, therefore longer credits were not asked nor bills offered on some other place in payment of bills as before, it was evident that more money was at market. Notwithstanding the reduction in the rates on the principal places several of the sellers of exchange under no want of funds held over in anticipation of lower rates still. The negotiations were: on Amsterdam, 12.9 to 8; ; on Rotterdam, 12.9; on Antwerp, 26.10 to 20 ; on Hamburg, 11.11 to 13.15 ; on Frankfort, 124 to 1241; on Paris, 25.9} to 26.10 ; on Vienna, 10.20 to 25 ' • on Leghorn, 31.50 to 80 ; on Naples, 381 to 9 ; on Madrid, 461 to i, all at 3 months, On Lisbon, at 60 days, 514 to 2. By i the Caledonia steamer, from Hamburg, 90,000 I Ihalf imperials have been received, say in sterling about 68,0001. Considerable amounts more are un' derstood to be advised from St Petersburg to that port for despatch to this country. Large quantities also, according to the Hamburg letters, were arriving there daily, or advised of as on the way, or in progress lot remittance, from neighbouring places and interior parts of Germany, for disposal at the high rates of ex' change on England then ruling. In consequence bills became more plentind, and the rates of exchange declined to 13.7 at 3 months, and 13.11 at short, at which there were fewer takers. About 250,0001. in bullion was expected to be ready for shipment by the Sirius steamer, now on her way to Hamburg, or arrived out. Notwithstanding the decline observed upon in the funds, it is worthy of observation that the purchases  of money stock were of larger amount, and more numerous, than for some time past. The fact serves to show that there is h 0 want of money or confidence in certain classes of the public, or even in certain quarters of the Stock Exchange, where money was still reported to be comparatively easy. The failure of the Shrewsbury and Market Drayton Bank, Messrs. Adams and Co., was announced to, day. The banking-house of agency here was advised this morning that a fiat of bankruptcy had been taken out against the former firm. As the circulation of the insolvent bank is only stated in the last official returns to the 23rd ult. at 8,2391., it may be hoped that no great mischief will result in the locality. The stoppage of Mr. S. S. Curtis, a factor in the leather trade in the City, was also made public this afternoon. The liabilities supposed about 30,000/. The meeting of the creditors of Messrs. Barclay, Brothers, was held to-day, at their offices in Austinfriars. From the following balance-sheet it will be seen that, as stated at the time of their suspension, the Mauritius has swallowed up moat of the property of the house, and been the cause of its failure. Messrs. Oliverson, Denby, and Lavie, were the solicitors of the estate in attendance. We believe that there was one creditor dissentient from the resolutions !Bowel and carried.  At a meeting of the creditors of !deur'. Barclay, Brothers, and Co., held at their counting-hours, No. 12, Austin-mire, on the 2nd day of Noe., !sc.', on the motion of J. Gurney Hoare, F.sq., John Alves Arbuthnot, Esq., woo culled to the chair. 'rue chairman mated that the object of the Meeting S. to determine on the course of liquidation which under the ciretunetances it was most expedient, for the interest of tne credivaa, to pursue. The chairman then gave the touowing statement of the debts and enacts  Total amount of acceptanis; W —E11,6711 6 2 Of which—  00,120 0 0  Total to claim upon the estate 0141,555 0 2 Bondry creditors uncovered • • . . 102,684 5 0 8u dry creditors partially secured Deficit In value of wordy. .. . . 31,262 4 II Liability in respect of bilis on third parties bearing our indorsement Total amount d such bills £158,259 8 10 Of which— Rod. £3,000 Doubtful, 3,666..._ 1 14000 0 0  187,30115 I Sundry mall accounts to be paid in full  C 389,304 16 1  BUM of evehange 7 4 Of whiob doubtful value say 2,000 0 0 9,491 7 4 Produce and shipping documents in hand 9,000 0 0 Sugar expeeted to have been shipped from Mauritius before receipt of news of failure, my Bills of ex, huge upon houses that have failed Valued at Balance of .11MOUnt with mere _ _ _