The Press. — London, England, 1853-08-06 00:00:00

334 NAVAL CADET—A. Tupman, to the Encounter, 14, screw etesm• ship, at Portsmouth. CLERK—E. H. Wells, to the Phitowel. CLERK'S ASSISTANT—F. L B. Bedwell, to the St tleorge, 120, Devonport. ontg Markt an eitg linttllignut. FRIDAY EVENING. Consols, which were looking firm at 944 before Mr, Gladstone came forward with his new plan, have since fallen to 97i ; and Exchequer Bills have been sold as low as 3s. discount. Now, all this is very serious, and will become more so, in the event of hostilities with Russia. It is the financial uncertainty, more than the political, which tends to depress public credit, and keep the Money Market in a state of feverish anxiety. The operations of the Bank of England are com pletely paralysed, and, if any crisis were to arise, the Bank, fettered as she is by the embarrassments of Government, would be unable to afford the usual as sistance to the mercantile world. This is a state of affairs which it is the duty of GOvernment to rectify without further delay ; and we advise Mr. Gladstone, the moment the bill passes for the conversion of the South Sea Annuities into the New Three-and-a- Quarter per Cent. Stock, to call on the holders of them to decide whether to accept or reject the terms offered within fourteen (lays ; or within as short a space as circumstances will permit. We will briefly recapitulate the causes which have brought about some of the changes in our monetary position, to prove how little knowledge Mr. Glad stone must have had of the actual state of affairs when he proposed his financial schemes for the re duction of interest. The bullion in the Bank in August, 1452, was 23,600,0001., and actually exceeded the notes in circu lation; whereas, at present, the bullion hardly ex ceeds 17,500,0001., and the notes in circulation are 23,800,0001. In March, 1452, the rate of discount was reduced by the Bank from 21 to 2, but, owing to the altered position of affairs, and the growing de mand for money, the Bank raised the rate in Janu ary, 1853, to 21. Shortly afterwards it was raised to 3; and, during the progress of Mr. Gladstone's budget, a further rise to 31 took place, and yet this was the time he fixed on to lower the rate of Ex chequer Bills to 11 per cent., to pay off the South Sea Annuities, and attempt a reduction of the debt. This rise in the rate of discount might have been foreseen by Mr. Gladstone as the natural conse quence of increased trade, and a rise of from 15 to 25 per cent. in every article of domestic consumption. During the present week a great demand for money for commercial purposes has existed, and the rate is 31 to 1. The discount-houses have increased the rates allowed for deposits to 24 per cent. Money, too, is also rising in Paris. Shipments of silver continue to be made to India and China, and gold is transmitted to Paris for the purchase of it. The drain would be excessive were it not for the large arrivals from Australia, America, and South Ameriet, am tinting in the aggregate, during this week, to 600,000/. Consols, from the causes we have touched on, and the unfavourable political aspect, have fallen to 97 4, at which price they closed. Money is easy in the Stock Exchange on account of investments on the part of the public. Exchequer Bills are :1 dis. to 1 pm. The Bank, we understand, has sold stock during the week. This does not surprise us, when we consider the advances she may have to make on Government account, and the growing de mand for money for commercial purposes. FOREIGN FUNDS. The intelligence from Mexico only proves that sooner or later the committee of Mexican bond holders must adopt more energetic measures or the interests of their constituents will be sacrificed. Why, we ask. has the month of July passed over without a meeting of the bondholders being convened, and a report of the committee presented" At least, the committee need not break through the express conditions of their election, although Mexico evaded those which caused the present bonds to be accepted. The bondholders tamely submit to the revenues specifically hypothecated to them being appropriated to the wants of the Government for three mouths, with out meeting and loudly protesting against such an ini quity. They see their agent in Mexico imprisoned, and they do not resent the outrage. Private protests, unless backed by what the Americans call •• indignation" meetings, avail nothing. And so long as committee and bondholders continue the present policy, without publicly complaining, they may be assured they will not obtain redress. Only 200 X) dollars have been received by this packet on account of the dividends, but the bondholders' por tion of the revenues at Vera Cruz alone, for May and June, amounts to 120,0(X) dollars, but it was appro priated to the Government. It is perfectly clear that if the revenues at the various ports were duly col lected they would be ample to pay the dividends. The same observations apply to Portugal, Venezuela, and other repudiating States. Under such are drooping. no wonder the bonds The tendency of foreign stocks has been down wards, but business has been very limited. The South-Western dividend will be after the rate of 3i per cent. PRICES CURRENT. 'sing Prices. LTION. Wed. inure.' THE PRESS. BRITISH FUNDS. Cl OFFICIAL QUOT. ; Mond. !Mead 3 per Cent. Console Ditto for Account i per Cents Reduced 31 per Cents Lung Annuities Bank titock, 7 per Cent I India Stock,lol per Cnt. Exch. Bills, Id. per dienapar 2 d 1p 2 India Bonds, (1,u00) 1 22 21 SNARES. RAII.vrAYft-- 98 711 9$ 7 97i 101 g 0 9 9 74 Mt I Sil loli OG 427} 9 971 971 98 1011 9/ 1 1 1 P PI A) 97 97 971 $ 1001 3115111 2.471 256 1 3 dim 24 Van Antw. & Rotterdam Bezieres to Grab's. Belgian Eas. June. Charleroi & Erque. Dijon & Besancon Dutch Rhenish 1 East Indian Do. Extension... Gt. Indian Penin. Grand J une. of Fre. Gt. Wt. of Cana.. hh. ' Bds. (2dis.)le73 I..eca.& Pis. bp c prf Luxembourg Lyons& Metiiterta Madras I' 0111:: 15 t. * p 2 ladis to 5i pm : 11 I,i WAYS. 14 "edges. 1 1 1 d ie.. 04 die' 11 415 1 6~ dig Li 151 • Ipa I 2 nail 41 „ 2e „ 14 41 pa d } } d l'i Pill li 21 Pm Maria Antonia.... Nam& Lge.(wthin Northern of France' Norwe. Trunk Pref. Paris & Lyons.... Paris & Orleans -7 eB s4t 3 J 9 941. 17 17ii X 444 5 I }f ie 7 - Pm Li 21 pm i 1 Pail I 2 11 slis; 4 b pm' 1 1 „ 1 2i „ 11 2 „ 4 (lig par 71 34i 8 9i 181 11 44 461 431 441 30i 3' Thurs. 'll 1 i dii '1 01 dis 14 I 15 Paris dc Rouen... Paris & Strasbourg I'u., Caen & Cherb. Quebec& Richmnd. Rouen & Havre .. Royal Swedish.... Sambre & Meuse . . 40 47 '97 97} 4 43pm tdim l l 9i 20i 1 f 9* dis e . Sth-Eaat. of Southern of CI Pin 5 11 ipmi 4 - 8 i i i (lb 19 2t) I } dii 0. 9 il pm i 6pm Upper Indian Script Ipm I I West Flanders 41 4t 4} 4 Western of France 9t 9 p 9 9 Weatrn. of Switzer lf oi die t 01 Zealand 19 2 die 3 2 FOREIGN : ! Mond. 17 Belgian 4} p Ct. Ditto 2e Brazilian 5 - Do. New 44 Buenos Ayres 6 ChMan 6 Danish Ditto I)teb. (Ex 12 Guil ' Hitt() ' •)9 - French 3 Do. 41 Do. Bank Stock Granada Deferred Mexican 3 Account ..3 Peruvian 4l Peruvian Scrip .... Portuguese 4 Busaluu 6 Ditto 44 Sardinian 5 64f fis 76f3bc 109.90 2840 E 43 21 102 14 96 4 23 1 Pin 1 , 2 lithe I Sip 11 11 „ 2 „ iir 1 1 r die p ! kr ib Pin If 21 7f 13 , 11 1_0) 45 - 4 j 43 44 36i ) 4 6 pm die 19 21) 103.50 12830 f. 118 III: 51 i 4 2 4 1 Spanish 3 Do. New Deterred 3 Ditto (Passive) .. Venezuela 34 I - BANK OF ENG An Account, pursuant to the Act 7th fur the week ending on Saturday, the 1 i dis 7 7} Frigidly. 111 lithe 1 04 die 1 '* 4 15 1 pm 2 lf die 4 51 1 14 1gia „ 1 2 „ 1 2„ id ie til *d pm 2 i m Notes issued 131,322,800 £31,32'4,800 BANKINO nh Proprietors' Capital 114,353,000 Rest 7} 71 7} 71 34} } 34} 34} 84 9} 84 9} 16} fp 164 161 p 45 46 140 45} 43 44 42} 43} 36} 304 30} 3of 4 6 pin 3} 4} p 11 0} dish 1 did 19 20 19 20 f 8 8 tdis f} 81 } die 1 8 P m O 4{ } 34 I3f .1 Pm 4} 4 4} 9 9} p 9 9} p 102 } 'o} dir 3 disi 3 2 dis i air 8 86 5 6pm It _Pm Di ail' 2 dis Wed. Public Depositas 2,175,264 Other Deposita 12,755,038 Seven Day ct other Dills Friday. 98 7i 77f 864 64} 974* 77f 4be 12ligklf. 64 644 073 - 101 95 ; 47} 821 3; 421 1 118 7; 101 01 46i 221 26 - 1171 117 100 1001 nd Bth Victoria, cap. 32 30th day of July, 1833. Government Debt . £11,015,100 Other Securities .. 2,984,900 Gold Coin & Bullion 17,303,64 d Silver Bullion .... 19,154 431,322,60) :PARTIIENT. Government Seem ritien (including Dead Weight Au) n 3,337,333 Other Securitles 12.4u6,213 Notes Gold & Silver Coin 416,307 • Ineludin g Exchequer. E National Debt and Dividend ' Banks, its. £34,190,3C3 I stoners of Petropolitan glarkets. (Reported *'xcluairely for " THE Patss.") CORN EXCHANGE—The present week's arrivals of English wheat up to our market, coastwise and by land carriage, have been on a very moderate scale. On Monday the Essex stands were cleared at an advance in the quotations of 2s per quarter; but Kent parcels moved off slowly at is per quarter less money. Foreign wheat, the imports of which have been liberal, has met a very inactive demand. In prices, however, no change has taken place. Floating cargoes have been in moderate request : red Polish Odessa at 44s Gd to 465; white do., 50s. to 50s 6d ; Ilarianopoll and tlhirka, 46s to 50s; Galatz, 45s to 465; Ibraila, 44s to 455; Roumelia, 40s to 41s ; and Egyptian, 35s Gd to 36. per quarter, all charges included. No English barley has ap peared on sale, but the supply of foreign has been seasonably good. On the whole, a fair average has been deing at lull prices. Malt has sold steadily at previous rates. Oats have tended downwards ; but the value of beans, peas, and flour has been well supported. The imports of the latter have been good. Indian corn afloat has changed hands at from 240 Gd to 31s Egyptian beans, 314 to 325; and barley, 20s Gd to 21s &I per quarter. ENGLISH—Wheat, Essex and Kent white, 45s to fts ; red. 50a to 58s; Norfolk and Lincoln red, 44s to 50s. Malting barley. —to —; grinding ditto, 28a to 31s; distilling, 2'Js to 31s. Malt, 48s to 635. Feed oats, 20. to 245; potato, 23s to 295. Rye, 280 to 31s. Tick beans, 37s to 425; pigeon, 31's to 465. Grey peas. 33s to 33s ; maple, 56. to 39. ; white boilers, 401 to 43s per quarter. Town-made flour, 45s to 50s; country marks, 37s to 42a per 28( lba. Wheat. ....19 so .. lAILIVAYS-- Mond. Tread. Wed. Tkars. Aberdeen Moberg., Noting., Bun it East Junction Birin.Wolv.& Stour Val 96 lilt 96 10196 Doi 96 101 Birit.,l.an.& Ches. June 9 7 die 9 7 di* 9 7 dis 9 7 di* Do. Ches. &Birk , 501& 251 C. Do. do. 201. Bristol and Exeter Caledonian Chester and Holyhead 22 1 221 4 214 21 21i 21 2 Cork and Bandon Dublin & Belfast June. 3141 p 3141 p 31 41p 2131 p 2 Dundee, Perth, & Aber- deen Junction East Anglian 6l 4 51 54 5 1 NI si bi Eastern Union 44 8 44 6 44 6 43 5 East Lancashire E.& W. I. Ms.& Bir.Jn. 53 0 53 6 53 0 53 0 Edinburgh & Glasgow 72 4 72 4 72 4 72 4 Eastern Counties 124 31125 3 121 i 121 4 Ednbrgh., Perth, Dund. 30 32 29 31 29 31 29 31 Great Northern gt, stb, a nd Wet of Ire lll 3 111 3 110111 110 1 1 Great Western Dull and Selby 113141 113141113141 113146 I Irish South-Eastern Lancashire& Yorkshire 775 81 77 it 761 7 705 Lancaster and Carlisle 102 5 102 5 103 5 103 5 Leeds Northern Lon., Tilbury, &Sthend 11 lip lf lip If 14p II lip I Lon.,Brighton,3te . London and Blackwell di 9 $4 9 of 81 I $4 London and Nrth-West. 115 1 6 5 114 1 5 4 114 4 3113 14 1 Lotidndrrv. & Coleraine 11 13 11 13 11 13 11 13 Loniindrri. & Ennsklln. 18 20 114 20 18 20 18 20 Man., Slitif.,& Lncolnsh. 281 9 281 9 284 9 284 9 Midland Do. !firm. and Derby 41 3 41 3 41 3 40 2 Newmarket Newp..Abonit Derefoni 4 3/d 4 31 d 1 31d 4 31c1 Newry and Enniskillen 24 2 25 3 25 3 24 3 New., Warrnpnt.,& nos. 8 9 8 9 8 9 8 9 Norfolk Ntilurn. Counties Union 34 21d 31 21d 31 2&d 31 21d North British North Devon North Staffordshire 44 11d 11 41d 41 4 / 3 141 41d North-Wester! tit 9 .11 9 84 9 ei 9 N.& Sth.-Western June —p —p —p —p Oaf., Wrcstr., and Wolv 3 14 2 50 1 14 50 1 1 4 501 11 Scottish Central Scottish Midland ......1 63 61 03 01 63 01 03 Shrewsbury & Birming. 60 2 041 2 60 2 00 2 Shrewsbury it Hereford 11 Old 11 Of d 11 05d 11 old Shrewsbury & Chester 18 2 0 10 20 18 20 18 20 Shropshire Union South Devon South-Eastern and Do 711 21 701 11 70 1 70 1 South-Westeni South Wales 3i, 7 30 7 30 7 36 1 Nth. Yorkeh. & Riv. Dun 13 14 13 14 13 14 13 14 Stoekton & Darlington 25 7 25 7 25 7 25 7 Thms. Haven Dk.& Rail. 21 24 21 24 21 24 24 21 Vale of N path Waterfoni & Kilkenny 8 5 9 85 9 4 84 9 81 9 Waterford & Limerick 31 2 31 2 31 2 31 2 West Cornwall 9l 10 91 10 91 10 91 10 Wimbledon & Croydon Woodford York, Neste.. and Ber. 69 70 69 70 081 91 681 91 York anti Nrth Midland 60 1 59 00 581 91 581 94 BAN as Australasian Chartered Bank of Aide Id par 11 par 1 41 par 1 d par Ch. Bank of India, Aus- tralia, & China 1 . 15P I I IP i 1 p i 1 P Eng. Setch & Aust. Ch. 4 4 Pw 4 4 1 w Par IP Par 5P lon. ittik of Ans. et India Lon. Char. link of Aust. 24 31 r2l 3p 2 21p 2 21 P Oriental Bank Corpor. 18 1 9 5 481 94 481 91 48 50 Boy. Ans. linking& Old. Importing Company 1 d par 1 d par 1 d perl d par South Australia Union of Australia Do. New MINES — Bruin ui Imperial Do. (S . John dente) 32 4 12 4 3 . ! 4 32 4 Cobre Copper 471 8 171 81 471 81 471 81 Colonial Gold I IITIIIP 4 1 P f 1 P Nouv can Monde 4 1 3 1 iiP tip tiP Mlse6l.l.xBr.ou9 Australian Agriculture 33 35 32 34 32 4 31 3 Brit. American Land .. 64 7 64 7 64 7 A 7 Canada — Crystal Palace lf 14 If lAp le l 4 pli lip Crystal Palaceof France 11pm 1 1 poi 1 5 fon' 5 p North British Aus. Laud 61pm1 1 pm li r I p Do. Preference Peel River Land Min. If lf p 1111 p 1 111 7 4 lip Scottish Aust. Invest. 2 21 2 25 p 15 21 il 2 p South Australian Lam 391:t 39 40 38 40 17 9 i Van Diemen's Land 971 971 971 971 981 98 1001 1014 61 10.19 2281 227/ 25$ - par ls. dj Friday. 28 97 91 1(11 9 7 dig 21 die 102 W 4 211 iii 22 19 20i 2 4 3 4 p m 8 9 _ 6 1 5 1 42 44 72 74 52 56 72 74 121 121 29 31 831 1 110 1 11 - 1;4 "i 5 1131 1141 7 7 781 70f 102 105 141 161 11 11 pm 1031 1031 8f 8 113 k 114 11 13 18 20 7 .9.4 4e 42 - 55 57 4 34 d 21 3 ts 3 51 53 31 2i d 34& 33i 44 4} 9 d tif 60 60i 93 93 61 63 60 62 d In 20 3} 31 tl 19 21 70 70} $8 N 9 35} 36 13 14 25 27 2} 2 141 13 8} 9 31 32 9} 10 fkii 694 bai 39 aBl Par per t P 2 23 p 48 50 i d par 44 46 71 72 xit if At 31 ale •32e 41 41 Of I i P P 91 33 64 67 1p li 1 p P t P P Par P 11l it 9p 35 37 15 16 SATURDAY, ARRIVALS THIS WEEK. Barley. Malt. Oats. Flour. 3400 .. 4720 .. 1950 9190 .. 2e310 .. 2150 ski. 4130 ble. Irieih Foreign .. 39510 .. 5120 .. LONDON AVERAGES DECLARED ON FRIDAY — Wheat, 3,360 quarters, 59s 34 ; barley, 381 quarters, 28s 10d ; oats, 7,023 quarters, 236 5d ; rye, quarters, ; beaus, 2.1 quarters, 386 8d; peas, 86 quarters, 386 6d. IMPERIAL WEEKLY AVERAGES—Wheat, 526 7d; bar ley, 29s 7d; oats, 226 2d; rye, 366 3d; beaus, 406 sd; peas. 366 3d. THE SIX WEEKS' AVERAGES—Wheat, 496 4d; barley, 295 . 41 ; oats, 201 Ild ; rye, 346 7d ; beaus, 40s ad ; peas, 366.