The Press. — London, England, 1854-02-18 00:00:00

FEBRUARY 18, 1854, 95th Foot—Ensign James Henry Langford Brooke, from the 58rd Foot, to be Ensign, vice Mylne, appointed ti the 83rd. 2nd West India Regiment—Lieutenant Charles Patter son to be Captain, by purchase, vice Fraser, who retires ; Daniel Bishop Denoted Gent., to be Ensign, by purchase, v ice Waldron, pro. Hospital Staff —JohnJoseph Adrien, Gent., to be Assist init.glugeou to the Forces, vice Stewart, appointed to the 94th Foot. OFFICE OF ORDNANCE, FED. 9. Royal Regiment of Artillery—Second Captain Francis Beckford Ward to be Captain, vice Marston, deceased; First Lieutenant Dixon Edward Hoste to be Second Cap tain, v ice Ward; Second Lieutenant Thomas Wright lilakiston to be First Lieutenant, vice Hoste. Meilorandum.—The dates of promotion of the under. mentioned officers have been altered as follows, viz. : Captain A. Thompson, Second Captain A. Dew, First Lieutenant R. C. Longley-11th January, 18:54 ; Captain H. Clerk, Second Captain G. S. Robertson, First Lieu tenant E. Keate. COMMISSIONS SIGNED BY LORD.LIEUTENANTS. County of Haddlngton--Sir George Grant Suttie, Bart.; Jas. Aitchison, Esq. •, Lieut.-General John Carfrae ; Alex. Dundaa Ross Cochrane Wisehart Baillie, Esq.,; Wm. Waring Hay New ton, Esq., and John Cadell, Esq.—to be Deputy-Lieutenants. THE MILITIA. East Lothian Yeomanry Cavalry—Lieut. Alexander Mitchell Janes to be Captain, viee Renton, resigned; Cornet Charles Balfour to be Lieutenant, vice limes, promoted; Robert Charles Sinclair, Gent., to be Cornet, vice Balfour, promoted. Royal South Lincoln Militia—Robert Wm. Johnson, Esq., to be Captain ; Ensign Fred. Bowman, late Paymaster of the Regt., to be Lieutenant 2d Regt. of Duke of Lancaster's Own—Ensign Frank Caven dish Ward, Ensign Theophilus Preston, Ensign Thomas Fir kington, Ensign Hewett Massey Dillon, Thomas Gardner, and Lambert Disney, Gent. —to be Lieutenants. Ist or Royal East Middlesex—James Robert Innes Gregg, Gent, and George Cumming, Gent. —to be Ensigns. sth or Royal Elthorne Light Infantry Regt. of Middlesex— Alex. Aitken, Esq., to be Captain. etc gave. APPOINTMENTS AND PROMOTIONS. APPOINTMENTS. Captains—James Hope, CJ3.,to the Majestic, screw steam ship. • Commander—Alexander C. Gordon, to the Majestic. Lieutenants—James S. Davison and Charles A. Lodder, to the Majestic; Maxwell Fox, to the Excellent; Francis Peel, to the Edinburgh. Masters—John Roskilly, to the Majestic. Masters' Assistants—W. J. G. Hutchinson, to the Cesar ; G. F. W. Yates, to the Princess Royal; W. A. Stone, to the Cesar. Paymasters—James S. Mountsteven, to the Majestic ; Fred Brady, to the Boscawen ; Wm. H. Reeves, to the Euryalus; Thos Hoekings, to the Wellington. Mate—Louis Geneate, to the Excellent. Surgeons—Charles T. S. Revert', to the Monarch; Janie," Da vidson, to the Dragon. Clerks—George J. D. Andrews, to the Majestic; David F. Clow, to the Poictiers ; Thomas W. M. Neame, to the Fisgard; Richard Runday, to the James Watt; Henry J. C. Mitchell, to he Nik ; John B. Jackson, to the Bulldog • John Retallic, to he Neptune; Walter Lomer, to the inagregrable. Secretary's Clerk—Wm. F. Alexander, to the Ferret. rontg arhtt attb ditg 4nttiligtrat. FRIDAY EVENING. DIE most remarkable feature in the Money Market during the week has been the settlement of the Consol account, which has passed off in a most satis factory manner. The absorption of the floating stock by the public has caused a great scarcity of stock, and as much as 3-16ths was given in the shape of premium to obtain stock for the settlement of the account, and that, too, in very large quantities. In fact, so large is the Bear account, that unless we have a creation of stock the market will rise, the demand being so much greater than the supply. The Hebrew party, who are in general supporters of the market, have been induced to sell their stock, and, we believe, may now be numbered amongst the speculators for a fall, and have been giving a premium to borrow stock. The position of the holders of Consols is this : they lend their stock at I pm. for a month, which is equal to per cent. per annum ; the stock pays them 3 per cent., and they lend their money on de posit at 3}, so that if this state of affairs lasts they are actually receiving at the rate of 8 per cent. per annum. There is, therefore, no finer investment than Consols, and we draw attention to this state of affairs because, unless there is a creation of stock, a rise is inevitable, and the holders have only to remain firm and they will obtain a greatly•enhanced value for their stock. It is asserted by those usually well informed that required at present by the Chancellor 4uer, and that the increase in the esti not more than absorb the surplus the Money Market is most easy. The is 4to and money at call not more The position of the Bank of England is daily be • coming stronger, and, as the bills under discount run off, we should not be surprised to see the Bank broker become a purchaser of stock, as the safest means of employing the surplus funds of the Bank, and that the directors will resort to this mode of employing their capital rather than lower the rate of discount while the political aspect of affairs remains so un certain. The usual notice has been given that the Exche quer Bills falling due in March will be renewed at 2d. per cent. per diem, which is equal to about 3 per cent. per annum, and we cannot bring forward a greater evidence of the abundance of money than by pointing to the pfice of Exchequer Bills, which have been purchased to-day as high as 225. pm. The imports of bullion this week amount to about 750,0001. Gold has been remitted to the Continent, but the balance is much in favour of imports. The Corn Market is declining, and as much as 2d. per ton per diem is being paid for demurrage on coals, which indicates that the market is now over supplied. The lowering the price of these neces • series of life tends to make money easier. The price of the funds has been, comparatively speaking, remarkably steady during the week, the extreme prices of Consols being 91 and 92. The market closes this afternoon 911 for the account, and 911 f for money. The exchanges present no new feature. FOREIGN FUNDS. The extreme importance of an increased supply of guano to the agriculturists of this country, as evidenced by the statistics brought forward by Colonel Blair in the House of Commons, induces us to place before the parties interested a plan by which, at all events, a certain annual supply of guano can be secured to the agriculturists, provided they and the bondholders can prevail on the British Government to interfere with the Government of Peru, and in- duce them by a treaty between the two Governments to send over sufficient guano to pay the interest on, and extinguish by means of a sinking fund, the Peruvian loans in this country within ten years. Such a measure would be alike beneficial to the Peruvian Government, the agriculturists, and the bondholders. The Peruvian debts at present in this country may be thus classed :- 2,600,0001. 41 per Cents. 1,700,0001. 8 per Cents. 4,300,0001. This debt is recognised by all parties as legitimate, and half of the net proceeds of the sale of guano in England is appropriated for the payment of the dividend, and the !sinking fund of 2 per cent. on the Four-and half per Cents., and for the payment of the dividend and sinking fund of per cent. on the Three per Cents. Besides these bonds, amounting to 4,300,0001., there are held by parties in this country -1,800,0001. 44 per Cents., called TJribarren's Loans. 400,0001. ditto, Ilegin's. 2,200,0001. These bonds are disputed by the original bond holders as being created without legal authority. A committee of bondholders has been appointed to inquire into the circumstances of their issue, and until their report is made it is not probable they will be officially quoted in the Stock Exchange. These bonds, however, are undoubtedly held by British subjects ; and for the payment of the divi dends thereon, and a sinking fund of 1 per cent., the remaining of the net proceeds of the sale of guano is appropriated. Presuming, therefore, for the sake of argument, that these bonds are all legitimate, and that a sinking fund were established for their extinction in ten years, it would require, assuming that the Peruvian Government obtain 41. per ton net on the guano sold, about 150,000 tons to he sent to this country annually for dividends and sinking fund only. The amount sold in 11453 was 179,000 tons ; hut th agriculturists and the Government might be assured that the Peruvian Government, for its own sake, would take care that a much larger supply would be sent here than would be sufficient merely to pay the interest and sinking fund of their debt in this country. At all events, the Peruvian Government ought to be compelled by positive treaty to send an cient for the interest and sinking found ; and we wish to draw the attention of all parties to this most important subject, involving alike a great increased supply of food to the people, and a debt of no less than 6,500,0001. to the subjects of this country. Very little business has been transacted in the Foreign Funds during the week, and prices are re markably steady. Peruvians remain steady at 66 to 68 for the Four-and-a-Half per Cents., and 46 to 48 for the Three per Cents. RAILWAYS. The Railway Market has been remarkably buoyant, _~ ~..:. <.~ no loan will be of the Excheque mates will not revenue. The state of t rate of discount than 31 per cent THE PRESS. 165 the dividends and accounts for the half year proving most satisfactory. We regret to hear a rumour that the differences between the North-Western and Great Western Com panies are not likely to be arranged, which has caused a heaviness to-day in these stocks : with this excep tion, the Railway Market is very good. BRITISH Ft OFFIC; IDS.— Closing Prices. 1, QUOTATION. road. Tuesd. Wed. Thurs. Friday. 92 911 rlf 1 - 911 1 91 I 1 111 199 92f s 1 9 92 92 11 91 13 1 193 31 , 921 3 93 116 216 7 216 8 918 232 932 8 pm 17 20p 17 21p 91 18 p 22 18p 10 7 10p 7 p 8 per Cent. Consols Ditto for Account $ per Cents Reduced 3i per Cents Long Annuities Bank Stock, 7 per Cent India Stock,lo} per Cut. Rich. Bills, 2d. per diem India Bonds, (1,000) BANK OF ENGLAND. An Account, pursuant to the Act 7th and Bth Victoria, cap. U' for the week ending ou Saturday, the 11th day of Feb., 1856. ISBUZ URIPA&TkEI T. Notes issued £29,466,910 Governinent Debt . £11,015,100 Other Seat.. Ales .. 9,984,000 Gold Coin & Bullion 15,486,910 Silver Bullion .... £99,06,910 £29,466,910 I BANNING Di Proprietors' Capital 114,558,000 Rest Public Deposits* 1,881,907 Other Deposits Seven Day it other Bills Government Sect'. rides (including Dead Weight An.) £1041,660 Other Securities 18.416,1140 Note■ Gold d Silver Coln 786,618 £133,451,904 I 433,431,906 • Including Exchequer, Savings Banks, Commissioners of National Debt, and Dividend Accounts. The foregoing return, when compared with that of the preceding week, ending Feb. 4, exhibits the following changes. In the Püblic Deposits Other Deposit. Notes Issued Do. Reserved Seven-day Bills Coin and Bullion Government Securities Other Securities DECREASE of 156,185 The Rest The amount of active circulation in Notes 422,108,860 Do. in Seven-day and other Bills 1,119,351 Coin and Bullion in 'both Departments FOREIGN RAILWAYS. Monday. Tuesday. Wedgies. Thurs. 1 3 2 die 34 3d 34 3 dis 34 3 dli 3 d 4 9 d 4 3 1 14 1 14 1 14 1 14 Antw. & Rotterdam liezieresto °rajas. Belgian East J 1 Charleroi & Erq' Dijon & Besanc Dutch lihenish East Indian Do. Extension Gt. Indian Penin. Grand June. of Fra. Gt.Wt.ofCana.,Sh. Bds.l2d is.) lea Icca Pls. p prf Luxembourg Lyons& Geneva Madras 4 Sd 1 IV •- 3 $ 2 3p e t P 2 2 1 24 Zip 3 Pl i I r 74 Id fp r 7l 81 121 3 42 4 86 7xd WI 1 Maria Antonia.... N am. & Lae. (wthln Northern of France Non% e. lrunk Pref. Paris & Lyons ... Paris & Orleans .. Paris & Rouen... . Paris & Strasbourg Pos., Caen & Cherb. Quebec& Riclunnd. Rouen it Havre .. Royal Swedish. ... Sambre & Meuse .. Sth..East.ofFranct -- 8 1d 17i 88 8 88 Southerc of Franc , Upper Indian Seri] West Flanders... Western of Franc 3 4) 6 ii'e;um --- , of Zealand Belgian Ditto Brazilian i ßuen. N o.A e y w res ... Chi Han Eiiilish Ditto Mob. (Ex 12 Gull. Ditto French Do. Do. Blink *Hoc 93 - ..... - - - G ranTada iesTic an Do. Account d - .9 - Peruvian Peruvian Scrip .... Portuguese 4 Russian 5 Ditto 44 Sardiaian 5 Spanish 8 Do. New Deferred 8 Ditto (Passive) .. Venousli . .3i .411 - :1 pal 7 4 4 di 4 p •e 8 291 80 71 81 13} p 41 8 3/ 9 29 1 T,- 1 1, 171 8 - pm fi 4i 8 i t 8 - _ 4 - 1 ••• 1 - 1 kf 4} 3_ 1 54 - :i .... i 4} FOREIGN FUNDS. Mond. Wed. - 99 G 9 100 i 1 ~ 25 1 -- -- a.m. ONO. - - lin - 843 20 1e i -a.- k 1,, d- rpl 3il i 1 61 134 f i 41 3 3 1( 17 18 id i „ I 1 71 - _ 1 92} 97f GO 9700 f. 4IpC .24 - .5 - .4; - .6 - .6 - :a .4 - .9 - .4+ - i ill It Id ei die 7 j 8 Id 171 d I - pm If 41 1 €4 - - - 284