The Press. — London, England, 1858-06-12 00:00:00

THE PRESS, JUNE 12, 1858. taitql !Parket anb lEttg FRIDAY EVENING. THE return of the Bank of England for the week ending Wednesday last, the 9th inst., shows the following changes compared with that for the week preceding : Decrease in Circulation Increase in Public Deposits Decrease in Other Deposits 611,158 Increase in Government Securities.. 52.081 Decrease in Other Securities Decrease in Bullion Increase in Rest Increase in Reserve Bullion in both Departments Circulation, including Bank Post Bills As revenue is paid into the Exchequer the Public Deposits increase, and in consequence the Reserve has also increased, eßpecitaly as the &mend for money out of doors appears be satisfied independently of the Bank. A large sum, however, has been returned to private depo- sitors, and some addition has been made to the stock of Government Securities; yet notwithstanding these deduc tions the Reserve shows a considerable increase of strength. The Bullion is considerably reduced, but the stock is still more than 18,000,0001. We see nothing in the general appearance of the account, or in the prospects of the Money Market, to interfere with an early redaction in the rate of discount. A temporary demand for money prevailed yesterday in consequence of an instalment of fifteen per cent., or 750,0001., being due upon the Indian Debenture Loan; This makes fifty per cent. paid up. Upwards of 3,000,0001. nut of the 4,397,00)1. subscribed for have now been paid up. There was also some demand in the early part of the week in consequence of a heavy call due upon the shares in the Jubbulpore extension line of the East India Railway Com pany. With the exception of the demand stimulated by these circumstances, the inquiry during the week has been exceedingly moderate. Meanwhile the supplies in the open miaket are so large that rates on first-class bills have been at two per cent., and in some instances even lower, though the average may be quoted at from two and a quarter to two and three-eighths per cent. The Bank is receiving but few applications, and its advances on stook during the shutting of the books are upon a very limited scale. The commercial inquiry, however, is increasing out of doors. The rate of discount is maintained at three per cent. ; but the Bank of France yesterday reduced the minimum from four to three and a half per cent. The Bullion operations of the week have not been very important; but there has been an excess of exports over imports. The arrivals, including about 50,0001. in silver from the Continent, have amounted to 207,9751., and the exports, which include 195,9801., all in silver to the East, 335,7501., leaving a balance against this country of 127,7751. About 140,0001. have been taken from the Bank : and the Bank has been a purchaser of about 20,0001. It is not yet known what amount of gold is on board the overdue Australian steamer, Victoria ; nor have we any intelligence of further shipments of gold from Melbourne. No doubt the mail, when it arrives, will bring a goodly list of ships having left with gold on board. Meanwhile two ships have been at sea, the Medway, 102 days. with 38,4001.. and the Indemnity, 98 days, with 44.5001., making a total of 82,9001. Foreign affairs have chiefly influenced Public Securities during the week. The most prominent has been the question with the United States concerning the alleged in terference of British cruisers in the Cuban waters with American merchantmen. This subject caused consider. able excitement in the early part of the week ; but it was moderated by the statements in the private letters brought by the Persia, and completely extinguished by the assurances given by Lord Malmesbury in the House of Lords on Tuesday. Since that period few persons have taken any real interest in the bluster and bounce of the American newspapers, though many affect to think that there is a latent design to make this affair an excuse for seizing Cuba. The Indian news has, on the whole, pro duced a reassuring effect. But yesterday some anxieties were caused by a morning paper having called attention to the additions making by France to her naval and military armaments, implying that the menace involved in these operations is directed against England; and this morning attempts were made to insinuate doubts upon the previous assurances of the Government that our relations with France are of the most frank and cordial description. On the whole, however, notwithstanding these disturbing ele ments, the value of public securities has been remarkably steady, the more especially when the dulness of business is taken into account. Consols are now quoted without the dividend. Last Friday they closed at 971 to including the dividend, being equal to 961 to without. Daring the week the lowest quotation has been 9.5 f to 1, ex div.; but at the close yesterday, notwithstanding the alarms attempted to be created with regard to France, they closed at 98 to 1. The market, therefore, may be regarded as steady, with somewhat of an upward tendency. Various purchases have been made during the week on public account, but the amount has been unimportant. This morning they opened at 98 to i , and after a very uneven day they closed at 951 to 98. Foreign Stocks have been dull, as far as business is concerned, and in some instances quotations have de. dined. Turkish stocks are both flatter, and the New Brazilian Loan has declined from I to 11, at which it stood this day week, to 1 prem. to I die. Railway Shares have partially recovered the fall noticed last week, and, altogether, they have been regarded with more favour by the public. Great Westerns had rather . heavy fall to-day. Banking, Land, Steam, and Mining Shares have al been quiet, without much change. Exchequer Bills have improved. The present quota tion is 325. to 38s. prem. The Continental Exchanges are about the same as last week; if anything, rather more favourable to this country. The monthly debtor and creditor account of the Bank of France, made up to yesterday, was published in the Moniteur this morning. It shows the stock of Bullion to be no less than 20,400,0001., and it is otherwise very favourable ; but the amount of discounts indicate con tinued dulness in trade. Monday next is the special settling-day in the Stock Exchange for the scrip of the New Brazilian Four-and•a- Half•per-Cent Loan. The scrip was delivered this day. The creditors of Messrs. Rawson, Son, and Co., in the East India and China trade, who suspended on the 2nd inst., met on Tuesday, when it was resolved that the estate should be wound up under inspection. The balance sheet showed the liabilities to be 442,1511., and the assets 457,3931., leaving a surplus of 32,2421. The Provincial Trade Reports are becoming more and more satisfactory. Trade is showing more anima tion ; but the year must be farther advanced before the improvement can have been established. FROM THE LONDON GAZETTE. Tuesday, June 8. BANKRUPTCY ANNULLED. WILLIAM Bloom, jun.. Broadwas, Stratford, Essex, cutler. BAN KRU PTS.—JoHN JAN rsox, Blshopag ate•street Without sailcloth dealer and sackmaker—PHlLlP ABRAHAM RARNRS and &lax 13Aawas, Blandtord Forum, Dorsetshire. wool's-splays-- THomas Fut.Lanoox, Pangbourne. Berkshire, harness maker— ALEXANDER 000, Hope Iron Works, Primrose-street, Bishops gate, manufacturer of iron goods—ScitoneLn Caovrrima simaan and GEORGE UNDERWOOD, Smetheick, Staffordshire, millwrights and engineers BIN/1111N POTTS, Carter• gate, Nottingham, victualler—Joserit SLICSTCHLT, late of Cu Iford road, Kingsland, now of Aehby-de-la-Zouch, Leicestershire, civil engineer and dealer in saggars--EINNBYJAMIS CRuTcazrr, Stonehouse, Devonshire, shipowner—ROßEßT Tani, Weymouth and Melcombe Regis, Dorsetsbire, confectioner—EDwAaD WILMA+, Dewsbury, Yorkshire, currier—NATHAN MITCHELL, Leeds, Yorkshire, cloth manufacturer—Geoeoz ExTerr, Brad ford, Yorkshire, draper and outfitter—Gaoling ROBINSON, West Hartlepool, Durham, builder and carpenter—Jolla ARMSTRONG, South Shields, Durham, earthenware manufacturer. SCOTCH SEQUESTRATIONS.- -Jolla YOUNG (deceased), Burnside Factory, Rutherglen, near Glasgow, power loom manufacturer—Tacque FoßoaN, Glasgow, contractor and builder ROBERT CAMPBILL, Oban, merchant GZORCIR MARTIN, Glasgow. civil engineer and builder—THoitAs Kum, Motherwell and Glasgow, coalmaster and guarrier. to require his lordship, by attending the nomination in person, to trench on valuable time which might ill be spared from the pres , ing duties of his new posi don. An intimation to this effect was conveyed to the noble lord, signed by 350 of the electors, of all shades of politics, and his lordship accordingly decided to avail himself of their proffered indulgence. The proceedings commenced at one o'clock, Mr. J. 0. Smetham, the Mayor, acting as returning officer. The writ having been read by the town clerk, and the other preliminaries completed, The MAYOR explained that the meeting had been called to elect a burgess to represent that borough in the House of Commons in the room of Lord Stanley, who had accepted the office of President of the Board of Control. He then called upon some gentleman to propose a candidate to supply the Vacancy. Mr. MoYsE rose to nominate the Right Hon. Lord Stanley, but before doing so he handed to the town clerk the following communication received from his lordship, which he requested that functionary to read :-- TO THE or Erio's LYNN. London, June 4. Gentlemen,—it is with no common pleasure'thet I have received the address, signed by more than 3.50 electors of Lynn, in which, having regard to the circumstances ender winch a vacancy has occured in the representation of your borough, and to the feet that only three months ago I had the honour of presenting myself before you as a candidate, and of explaining at some length my political views, you kindly informed me that my personal attendance at the approaching election will be dispensed with, and that I have no reason to apprehend the withdrawal of your confidence. I accept, though with some regret, the indulgence which you so considerately offer. My personal inclinations would lead me to waive it, but the pressure of official duties, and the public inconvenience which may arise from neglect, leave me no option. When those duties become lighter, and when my time shall be in some measure my own, I trust to be able personally to express my gratitude for the support which on so many occasions I have received from the constituency and people of Lynn. Deeply sympathizing with those whose livelihood de pends on their labour, I think that to lighten the burdens of the poorer class, so far as is consistent with fiscal jus tice, should be the first object of our finance. The power of England over her dependencies abroad has been acquired for the most part by arms ; but it can only be maintained by a policy of moderation and equity. The support of such a policy, therefore, is equally enjoined upon us by the interests of Great Britain and by those of humanity at large. These are the views to which it is my desire to give effect. i hope that they are Liberal in the truest sense, but that they are conservative in the truest sense I am well assured; for no institutions can in our age be stable unless t'iey rest on the freely-given support of a contented, because trusted, people.—l remain, gentlemen, your obliged and faithful servant, STLITLIT. Mr. Moyse proceeded to nominate the Right Hon. Lord Stanley as a fit and proper person to represent the borough of King's Lynn in the Commons House of Parliament. Mr. PLATTEN, in seconding the nomination, ob served that that was not the first time that Lord Stanley had been elected for King's Lynn in his absence. The noble lord while sojourning in Ame rica was first returned to Parliament by that consti tuency. All that they then knew of him was that he came of a good stock, and was the son of the Earl of Derby. Since that period be had shown himself tu be a man of commanding talent, of untiring in dustry and perseverance, as well as of thorough honesty and straightforwardness. There was no office under the Crown for wbich he was not qualified. The MAYOR then inquired whether any gentleman had any other candidate to propose. No response being made to this challenge, his worship declared Lord Stanley to be duly elected. ATLANTIC TELEGRAPH EXPEDITION. THE squadron employed in this great undertaking returned to Plymouth Sound last week, having been absent about a week. The experiments are con sidered on the whole to have been satisfactory. Last Thursday morning the Agamemnon and Niagara again put to sea. The rendezvous in mid ocean for which the squa dron steers on leaving is 52 deg. 2 min. north lau titude, 33 deg. 18 min. west longitude. Where the American side of the cable will be landed is in 47 deg. 49 min. north, 540 west, and the telegraph hcase at Valentin is in 51 deg. 56 min. north, 10 deg. 25 min. west. The precise distance between the two points is 1,720 nautical miles. The length of wire in both vessels amounts to 2,966 nautical miles, so that there is at least 80 or 90 per cent. allowed for slack and contingencies. The Porcupine surveying vessel has already been despatched to Newfoundland. She will wait for the , tagara at Trinity Bay, and pilot her carefully through its intricate navigation to the Bay of Bulls, where, if all goes well, the wire will be landed and the latest advices from New York and Washington instantly transmitted. Diving the paying out no messages are to be sent through the wire from ship to ship, but merely constant currents to show that the insulation and electrical continuity are perfect. Friday, June 11. BANKRUPTCIES ANNULLED.—Oao. H. Palm, Brighton ironmonger—lamas SHAW. JOSEPH SHAW, WILLIAM SHAW, and. LITRE SHAW, Elland, Yorkshire, woollen manufacturers— GEonoz ILaycocc, Sheffield, leather dealer—Bsonaan J. Pim% Long Eaton, Derbyshire, miller. BANKRUPTS.—Jositen Passons and JOSSPH HARTLAND. Dudley, ooal masters—STAß SMITH, Radcliffe Bridge, Laneraahire innkeeper—JOHN T. 24'Kvionr, Liverpool, timber merchant— °SOßGE KNIGHT, Stroud, Gloucestershire, brarier—Ronza? PRIOOS, Burgh, Lincolnshire, brewer—HaNar DICKINSON, Nottingham, stonemason—Pniur PHILLIPS, Spalding, Lincoln shire, cattle dealer—Evan MORGAN, the younger, Tonyrafail Glamorganshire, draper and grocer—James Wan, Commercial road-east, merchant. SCOTCH S EQU ESTRATIO N S.—James LAWSON, New Stevenstan, Lanarkshire, grocer—Jamas GRANT, Campbeltown, , merchant—James GRANT kill., Campbeltown....iromnoner— . JOHN WINGATI hinmOnger- - -Jown writ Glasgow, tailor— Minicar HOOO, Edinburgh, in Tucuus Elmo, Motherwell, Glasgow, coal master, 13TDDULPH—On the 4th instant, at Fitzroy-terrace, Regent's Park, the wife of Colonel Edward Bidduip h, of a daughter . BOUWENS—On the 2nd instant, at Stoke Hamond, Bucks, Lady Julia Bouwens, of a son. DRUMMOND —On the eth instant, at Edwineford, the seat of her father, the wife of Sir James Drummond, Bart., of Hoy'• tbornden, of a son. PAGET—On the 4th instant, Lady A. Paget, of a daughter. RUSSELL—On the 6th instant, st Edinburgh, Lady Alexander Russell, of a son. IILARRIAGES. CAMPBELL—BOROUGH—On the Bth instant, at St. George's, Hanover-square, George Campbell, Esq., brother of Sir Ar chibald Campbell, Bart., to Margaret, daughter of Sir F.dward Borough, Bart • TITTNNE—ST. KAUR—On the Ist instant, at Wimbledos Church, Lord Henry Thynne, to Lady Ulric* St. Many, daughter of the Duke of Somerset. DZATUEL CAVENDISH—On the 4th instant, in Chesham-place, the Hoe. Mrs. Richard Cavendish. EVANS—On the 2nd instant, at Salisbury, Mrs. Mary Evans, relict of the late John Evans, Esq., aged 97. HARDT N 0 E—On the 4th instant, at Chatham, Caroline Munster Lady Hardinge, wife of Henry T. Jones, Esq., and relict of the late Sir Richard Hardinge, Bart. POWELL—On the sth instant, at Burlington, near Bath, General Walter Powell, Royal Murices, aged 79. YARINGTON—On the Ist instant, at Epping, Mary, renal of the late Wm. Yarington, Esq., of Swaffham' Norfolk, aged ad. YACHT FOR SALE.—CUTTER YACHT of 40 tuns, built under inspection by Inman, of L She was lengthened, recoppered, and had a thoroughO li v= in 1856 by Spencer and Barnes, of East Cowes, with new and expensive outfit, including Sails by Laptborns, of Gosport, is 1856.7. She is well found in stores, has most excellent accom modation, comprising three cabins making up five berths, pantry, sail room, two closets, bath, do. As a fast-sailing pleasure-yacht and sound weatherly sea boat she is well known, and is ready for immediate serviee.—Apply to W., University Club, P 1,1141241 London, S.W.