The Press. — London, England, 1853-09-24 00:00:00

502 ARRANGEMENTS are in contemplation for the erec tion of a lighthouse at ('ape Negrais, the south western extremity of our newly-acquired province in Burmah, and the point first made by mariners steer ing for Rangoon. At present it is found necessary to give Cape Negrais a wide berth on account of the treacherous nature of the coast thereabouts, the point terminating in a ledge of rocks which stretches some five or six miles to sea. At the extremity of this shoal is a rock considerably elevated above the wean, even n o sing the highest tides, and en this basis it is presses' to erect the lighthouse. It will be of iticalcelable advantage to mariners bemel for Itaewsin, Nlenheein, Sr. It is IliSo ill IS to erect a lighthouse at the mend' of the Rangoon River. EXTRAMIDI NA ItY TELE(iRAPIIIe )EsPATelf.—The King of' Hollaiel opened the session of the States- General at the Hague on Monday afternoon at one o'clock, and the delivery of the Royal speech was concheleil at twenty five minutes past one. The international Telegraph Cempimy commenced its transmission direct from the Hague to the Electric Telegraph Company's station in Lothlinry at 1.45. and by half-past thr e e the liesliatril Was printed and puhtished by the Sun evening paper in London. Taking into consideration the circumstances that the speech tilts of considerable length tiecupying about eighty-five lines of print I, awl that it hall to undergo trausletien at the Ilatete, the flues are worthy of re c int in the annals of extraerdinary expresses, and slyer Ow immense facilities now opened to the press teal the public by the extension of submarine telograph. isessrrn is writing a series of letters to a New York daily newspaper, and raving about his Utopia of a European republic. He regrets that the Czar has been curbed in his "derleaping ambition," and that the whole streeture of Europeau govornment and soeiety is not to be burnt down. 11.1.1.1 es has achieved a complete trimnpli in New Ytirie He has reproduced the grandest combinations 1w had attempted in Europe. It is said that the ex pense of his coucerta exceeds considerably the Euro pean stailard. lie has chosen Castle-garden, im measurably the best place ou the western continent. It is a castle built on the Bay of New York, with se comieldation for 10,000 pertains. This vast place is superbly titted up, and embellished with the most appropriate decorations. brrEansT exists among shipping circles in reference to the race now pending between the British clipper-built ship Storni. troy and the American ship Challenge. The Stornarr - ty made some extraordi nary passages. beating on one occasion this very ves• sel, the Challenye, which, however, is three times her tonnage, an 1 emisequenly spreads an onormou quantity of canvas. The Stornoway, under her pre sent commander (Captain Mast), has made the quickest passage of the season from Bombay to China; and it is therefore hoped that, although the Choll•nor bad the start from Meese Roads. he will yet overhaul his colossal competitor, and make his appearance off the English coast as the winner of the the metal. The l'.(irntnissioners of WI Rita W wk 14 have iti‘ee directions that the works in t'itelsea Suspension-bridge shall be accelerated their pregratiii. tin Saturlay mayters collier vessels in Shit+bt harbour wero otferitrz 9!. for seamen for the voyage to Hamburg, null wino were to be pmcorea at those wages. A spankli schooner, trying to ship slaves, WM wrecked on the bar of the tiallinas, early in J the Polyphemus bad otteced to relieve the crew, but it had Leen declined. Tut administrative establishment of Moldavia is, at 1111 points, similar to that of Wallachia ; and the population is composed of the Name elemonts—the number of gipsies being 12,000 and of Jew s mum, almost exclusively of the tlermatt rave, or Askena rim, in a total aggregate of inhabitants amounting to about 1,31)0,0(W). THE nest provincial grand Eisteddfod of North Wsl(4 will be held at Bangor in the autumn of MA. A concession has just been granted by the Tuscan tlO. reniment for a railway of eighty miles, from Florence to Amu°, the frontier town of Tummy, uest to the Roman States. An uninterrupted eoninitinioatbai is tlina o p e n e d between the northern states of Italy and the Roman do. minions: and proposal.. have been submitted to the l'opc for its eatension tA. Nome. n distance of about 21N) some lalsatrers htiely discovered at Neils.' forty fin t opi t i urns. nearly tilled with ashes and charcoal, and besides, loin.* remains of earring* and a few bits of ( sipper, The urns WITO unfortunately broken. They were found near the river tielbo, a ithln about Prom four to the feet of the stance. Tin: Amu' mdri., sviotaa, tub:ll,w for th,roilll g ut...o anti linonlian Steam Norigation Company, of 1.701) WIG meactremoot, left 13ne. breadth of beam 37 fret. and can't mined f of itOborae power, wa• launcl►cd i'om tint yard of Itopenh R. and H. Green at ttlackwitll on Bat kullay, The Homan Catholic chaplain of the Galway workhouse has a salary of 1001 . a year, while that of the Protestant chaplain is only VW. Since the Great Exhibition French moderator lamps, to the value of upwards of 100,0001. a year, have been im• ported into this country. A baker at Angonleme, in demolishing an old oven, found nearly 200 live snakes. He also found nearly 400 eggs, about the size of pigeons' eggs, enclosing serpents almost ready to break the shell. Government have granted Sir William Snow Harris a sum of 5,0001. for perfecting a mode of applying lightning. c onductors on lawn! ships. THE PRESS. Pont g Prial anb it stttilignut. FRIDAY EVENING. '1'111.: causes to which we have for go many weeks alluded continue to exercise their depressing influ ence on the Money Market, until they have at length so operated on the public mind as to produce some thing very like a panic. Consols have fallen to 9-Ij, and every description of funded property has been deprespted in an equal or greater ratio ; Exchequer Bills, P. to 4s. discount; and the Three and-a-Quarter per Cents., which Mr. GladstAnte fondly hoped the South Sea dissentients would accept instead of money, at 1(10, are at Mil. Men are perplexed as to the cause of so great a depreciation, and are frightening each other. The food question—the Turkish question—the state of the Australian trade—the dread of mercantile failures and disasters—Mr. Gladstontse dilemma—the state of the Money Market—are the bugbears which are bandied about to cause men to sacrifice their pro pet ty. In the meantime it is difficult to believe that the powers will make war on Russia because she has accepted their ultimatum. As regards mercantile difficulties, hankers and bill-brokers assure us that bills and engagements were never better met ; and, as regards t h ' footl question (the most important of all), Canada and the United States are, as we are in funned, able to supply any deficiency in the harvests of Europe. And it must be borne in mind that the very state of the Money Market, arising from the ap prehensions of scarcity, is in itself the greatest anti dote against war; by how is Russia, or Turkey, or Austria, to procure loans, with war and famine staring them in the lac. "--and, unless they do obtain loans, they must, despite themselves, remain at peace. We look, therefore, on the present panic as pure folly ; for, unless something very unforeseen occurs, the Bank of England will not raise the rate of dis count beyond 4 per cent.; and, moreover, we believe that no further apprehension need be entertained as to the true cause of the panic, viz., the diminution of gold from the coffers of the Bank, as we understand the Bank of France has offered to supply the Bank of England with four millions of gold, should she require it, as she did 011 a former occasion. Even as regards TiN. t iludstom '. thonicial dilemma, he has only to intimate to the Bank of England that in case the Three and a Quarter per Cents. are below par when the option o f the holdere o f the South Sea Stock expires, he will raise whatever loan he requires on Exchequer Bills, and raise the interest on all Exchequer Bills to the rate that will float them ; and Mr. Gladstone may rely on it that the portion of the panic caused by his want of foresight won d cease. It must be remembered that Mr. Gladstone has already paid off 2,700,000/. Exchequer Bills, and we should think, from the reputed prosperous state of the revenue, that he will still have a million surplus. By January next the gold remittances from Australia will have so altered the present aspect that he will have no difficulty in borrowing the money of the Bank. This is the view taken of the present panic by those best able to suggest a remedy; it must be borne in mind, however, that the Turkish question, and the food question, and:the money question, are intimately connected with each other; the settlement of one would probably lead to the settlement of all. The Bank of England has intimated that during the shutting they will lend money on stock and other ' approved securities at 4 per cent. What an absurdity It is that the Bank has not always this power regard less of the amount of gold in her coffers ! The rate of money on bills of exchange varies according to the length they have to run; but we may mention, as a significant circumstance, that the bill-brokers prefer discounting bills having six months to run at the present high rates to short par: this would indisato that they think the pressure over. The rate is .L 1 to 1. The Bank broker has been borrowing money on the Stock Exchange on Consols a: 3 and 3e per cent. The borrowing of money on stook instead of selling it is a favourable feature. Tke neharivi are better; the Corn Market is Is, to 2s. higher. Coossls close WS to 1, and 94 for the ICCOuut. RAILWAYS. Railway shares have been severely depressed, not withstanding the traffic returns of the week indicate an increase of 161 per cent. over the corresponding week of last year. The fall has been principally occasioned by large speculative sales from Liverpool and Manchester, which will he difficult to replace, as the market is very sensitive. French shares have been scarcely influenced by the fall in the English funds ; on the contrary, Strasburgs have risen. FOREIGN FUNDS. The market for foreign funds has fallen consider ably, it being influenced by that of Consols. Mexican Stock has been less affected than any other, as.will be seen by the quotations below : PRICES CURRENT. Is. [AL QUOTA' LTION. Wed. i Thars. Friday. 94i ;11 V 44 BRITISH OFFIC 3 per Cent. Consols .... Ditto fur Account 3 per Cents Reduced 31 per Cents Lung Annuities Houk Stuck, 7 per Cent India stoek,lo4 per Cut. Ex L. Dille, ld. per diem Ludt& Boucle, (1,000) I 9ht U:) !So 3 7 3d i 5 Pm i Ttlesti.i :3 11 73u I se lo 14b V.l :4 :$ ti IN RAILWAYS. 7 tl! 3 phi' 94i 94} 94. 4 944 230 ss. los. it :id 511 ' Mowlay. Tuesday. • Iledues. Thurs. Friday. Antw. & Rottenlam 211 its 2 1/di: 2 14 di. 211 dis 2 11 ilia BezhireAto Linsiss. 2 lil 11 lid 14 01d 2 I d 2 14 Belgian l.:as..lune 111 1 11 gll ill 111 Charleroi & Erime 131 141 131 141 131 141 131 141 131 141 Dijon & llesancoui 1 2 p 1 21 1 2p 1 2 p 1 2 p Dutch Rhenish —.21 Sidi. 21 21 dii , 24 91.11 s 3 21dis 3 Odle East luiliiut I l 31 41 p 3141 p 31 41p 31 41 p 3 141 P Do. Extension 44 ~ ~ ~ I 1 ~ tit. Illtiiilll Peuln. 11 2„1 4 i„11 11 „ 1 1 ~1 11 ~O nuid Junc.efFra 111 21 „ 221 „ 2„2 2 „ 22 „ lit.Wt.ofeamt.,l4l 1 1 04 dis 1 01 diR 3 1 die 3 1 di". 3 1 4 „ itd5.(241it.)1678 Leca.& Pk. 5 pcprf 1 1 dls 1 1 dip Luxembourg di 61 01 Ci Lyons& Mediterna. pia pu. Madras Maria Antonia am.* Lge.Okthin Northeni of France Norwii.Tnink Pref. Paris & Lyons Paris & Orleans Paris k Rouen—. Paris & Striusbourg Par., Caen & Cherb., Quebec& Itichniud. l Rouen & Havre —l9l 201 Royal Swedish.... 1 i dig, Sambre .t Meuse .. 81 9 Sth-Eastof France par p i Southern of France 31 p Upper IndiauSerip par pl W,' .t Flanilers.... 31 4 Western of France 81 91 p Westrii. of Switzer 1 01 db Zealand 3 21 din 1 34 i 5 7 4 1 7 p, 4ri 50 40 42 1 304 7 I 2 4 p - • did GI 7 i 7i 84 1 111 tido 1 48 GO 41 43 34 44 p 1. 204 i dts 8 9 31 4 4p 34 4 9 10 p I 01 dies 3 24 dir PORE. Relglan 4t pCt. Ititto 24 iirazilian 5 - • 6* 61 i dis Pm i 1„ lA 7 i I ra Kt llii I 48 41_ 43 Si iii 4e P I ilia i 0 f diks 4 (pm :14 4 4p Par 4 p 34 4 9 10 p cub pin 4 1„ I ot .r t $ L 4 GI p 4 0 40 42 37e S 31 4 i 1 di Do. New 44 Buenos Ayres 6 6 Danish 5 Ditto 3 Dtch. (Ex 12 6 uti )2i Ditto 4 French 3 . _ .4i -- Do. Bank Stock Granada Deferred Mexican 3 Do. Account 3 Peruvian 44 Peruvian Scrip.... Portuguese 4 Russian 5 Ditto — Sardinian 5 - Spaniali S Do. New Deferred 3 (Passive) .. Veni , xuels 34 Ili 2O t dis e St par P 38 4 p par Pili at 4 et .0 f 01 dfor 01 3 21313 21 MN FUNDS. I Meld. I 102 11, 1112 9M 71 971 77f 101175 MIK 9 25 711 i6B Wed. 1110 i 97i i 102 f c 9816 f. 9 i 25 177f30r 101f94) 2090 f. 9 Y 7 76f 70 101780 YOl 6t 178 4 t 6 -- I 0 °44 22 6 1 31 41 71 aj Its ip 47 49 40 3 314 31 41p 191 24 t di* 71 91 Par I P 31 42 Par 4 p di 4 o 9 p di d i di- woe 94 4Cf 24 Friday. 1241 Uo# lot BSe 83e 241 24i 731 72 43 49} 110099 i i93k 2, 99 - BANE OP ENGLAND. An Account, pursuant to the Act 7th and Bth Victoria, cap. 92, for the week ending ou Saturday, the 17th day of Sept., 1843. :sere DEPARTMUNT. Notes issued 429,399,076 Government Debt . £11,016,100 Other Securities .. 9,984,906 Gold Coin & Bullion 16,899,071 Silver Bullion .... .--- 199,399,070 tPARTMENT. Government Seen• rides (including Dead WelobtAn.) 112,327,5 9 S Other Securities 10.740,092 Notes Gold 3 Silver Coln 463,923 536,709,053 ings 13kaks, Commissionen of mots, /29,319,075 BANKING D: Proprietone Capital 514,553,000 Reai 5,63A.285 Dernsits* 5,007.R33 Other Deposits 11,053,973 Seven Day it other Bills 06,709,053 I • Tneinding Exchequer, Sari National Debt and Dividend Aoc SATURDAY,