The Press. — London, England, 1857-03-28 00:00:00

MARCH 28, 1857. alteration except in Northerns of France, which improved one per cent. In the Foreign Market the principal dealings have been in Turkish and Mexican. The latter have wholly lost the improvement caused by the statement that the United States were about to advance a loan to the Mexican vernment, of which 800,0001. would be applied to the liquidation of British claims. Joint-stock Bank Shares are all rather flatter. The Discount Companies are stationary. Miscellaneous and Mining Shares have been very in. active. We copy the following from the Times, observing that we agree in every word of it :—" The commercial history of each day seems to be little else than a record of the shameful mismanagement of our public companies. On Monday last there was an exposure of the Australian Agricultural, which, with a paid-up capital of 380,000/., and a free grant of nearly 700,000 acres of valuable land, has squandered all its immediate resources, the shareholders meanwhile being kept in profound ignorance. A few days previously, in connection with the abandonment of the project of the London and Paris Bank, a balance-sheet was presented to the subscribers, showing 14,42 . 21. to have been expended by the Directors in the mere introduction of that enterprise to the public, not a step having been taken in the shape of an absolute commencement of business. Yesterday (Wednesday) the theme was the London and Eastern Bank, which, having been established three years back to carry on banking and exchange transactions with India with a paid-up capital of 250,0001., has contrived in that period to assist its own Directors and Manager with sums amounting in the aggregate to nearly 290,(4)0/., and which is now obliged to announce to its shareholders the probable loss of their whole investment, with the possi bility of their being called upou even for a further con siderable contribution. The addition to the list for to-day is furnished by the North of Europe Steam Navigation Company. A meeting took place to-day (Thursday), Sir Morton Peto in the chair, when it appeared that the Directors, like those of the Australian Agricultural Com parry, have perilled the entire property of their constituents by leaving it recklessly in the control of a single individual ; that 50,0001., or upwards, out of a capital of 500,0001., has been lost in the course of a few months, without the Board having the slightest suspicion of the circumstance ; and that the last half-yearly dividend at the rate of eight per cent per annum was paid, not only when there had been no profits, but actually while these ruinous proceedings were going on." At the meeting, after a good deal of indignation had been expressed, a committee of six shareholders was appointed to investigate the position of the undertaking. At a meeting of the Ottoman Bank proprietors held yesterday, a dividend at the rate of ten per cent. per annum was declared. It was stated that the business of the company is making satisfactory progress, and that establishments have been opened at Constantinople, Cialatz, Smyrna, and Beyrout. The estate of Messrs. Copland and Barnes, provision contractors. who failed on the sth instant, is to be wound up through a petition for private arrangement under the control of the Bankruptcy Court. The loss by the royal mail steamer contract was 25,0001. The retiring Directors of the Canada Company have been re•elected, and a favourable report presented of their proceedings from the Ist of January to the tith of March. The funds in hand in London amount to 38,1581., and the liabilities '2.880/. Messrs. Baring Brothers and Co. have announced the receipt of 2,2181. lbs. on account of interest on the debt of Buenos Ayres. The Fruit Trade of London have adopted resolutions and opened a subscription to resist the system of nietage, as conducted in the port of London. The Riga Railway Company have announced the suc cessful termination of their negotiations with the Russian Government The capital allowed is 1,630,5001., with a guarantee of four and a half per cent., of which one-eighth is to be applied as sinking fund. The actual cost is esti mated at 1,340,0001.; the Directors, consequently, will be enabled to issue the 201. shares at a discount, so as to make the guaranteed interest equal to five per cent. A railway is projected in Trinidad, with a capital of 800,0001., in 101. shares. Fifty miles are to he con structed in the first instance, in order to bring some of the sugar districts into 'connection with the coast, and the local Legislature is to be asked for a guarantee of six per tent. The Proprietors in the Bank of Egypt have resolved to carry forward the balance of profit (5,941/.) and to refrain from making a division until the expiration of twelve months from the commencement of operations. An important resolutbn has been passed by the Com mittee of the Stock Exchange, with reference to dealings in the scrip of companies incorporated under the Limited Liability Act of 1836. The delivery of shares, when the allottees have signed articles of association, must be by deed of transfer; and in cases where no such articles have been signed, and scrip certificates only have been issued, n settling day will not be fixed in such scrip unless they bear a penny stamp, and a limited period is stipulated for their registration. The suspension is announced of Messrs. B. James Brown, and Co., timber merchants and shipowners and builders at Sunderland. The direct debts are 111,0001., and commitments on bills discounted 150,0001. It is esti- mated that the assets will yield about 11s. 91. in the pound. - Farther examinations have taken place during the week into the history and management of the Royal British Bank. The more the affair is sifted the more disgraceful are the circumstances. The Board of Trade Ilettirmi for February were issued yesterday. They are generally favourable with regard to onr foreign commerce, as will be seen from the following comparative table of the aggregate results for the first mouth and two mouths of the year : 511thogolitan Riarktts. (Reportedexclusivelyfor "Tali Passe.") CORN EXCHANGE—Since our last report only limited supplies of English wheat have come to hand coastwise and by land carriage; yet the demand fdr all kinds has continued in a most inactive state. A few of the finest samples have changed hands at a decline of 2s per quarter; and other gush ties have been offered at fully 3s per quarter less money. For foreign wheat—the imports of which have nut increased—there has been very little inquiry, and the rates have ruled nominal. Floating cargoes of grain have commanded very little atten• uon. 11e have to notice a dull inquiry for barley, the wane of BETTS'S PATENT BRANDY has ever since its introduction to the public been recognised, both 1y scientific men and the trade, as the best article ever mail . factured in this country. Its claims to such ore-eminence are based upon its unrivalled purity, and its closer assimilation than any other to the flavour of the finest Champagne Brandy. There has been no Brandy made from wine in France, eith(r in the present year or in the preceding one. Owing to the au— cessive failures in their vintages, the French winegrower ge a higher price for his wine, consumed as such, than he c. 71 realise by its being distilled into Brandy; and forsamuch as ti e foreign Brandy of recent importations is but the product r British grain and beetroot spirits, the prestige hitherto e) - elusively enjoyed by French Brandy as having been distill. d from a particular French wine no longer exists, and is no long r worthily assignable to it now that it is bunglingly made ft. its other materials. The supply of wine for distillation in o Brandy having failed, the French distiller is constrained Ics recur to a manufacture in which he needs the quarter of $ century's experience which has been exercised upon that . BETTS'S PATENT BRANDY. to render his article respectat'y competitive, and he has not had it. Under these circurnstan.. g the Messrs. Betts challenge that their PATENT BRANDY 111 superior to any now made abroad. It is to the interest of the public and the Messrs. Betts thtt these facts should be widely spread, for recent importations at • of a quality so inferior as to disgrace the same they bear, at d are twice the price of BET'T'S PATENT BRANDY, which e . supplied in capsuled bottles by the trade to private families in any quantity down to the single bottle. Excise regulatitne prevent its sale from the DISTILLERY, 7, SMITHFIELD. BARS, ST. JOHN•STREET In any less quantity than two. gallon. tah..a. ...... bra/ THE PRESS. 1855. 1858. 1857. Month ending Feb. 28 5,032,4181. 7,725,7471. 2,7,15,040/. Two months do. 11,427,2121. 15,700,5331. 18,371,1451. The Trade Reports of the week speak of dulness every where, owing to the excitement of the elections. BRITISH FU . OFFICIA INDS.— Closing Prices. AL QUOTATIONS. .... Irma. need. Wed. Mum Friday --- -- 3 per Cent.Consols 93a 1 931 931 a 931 9:ti a Ditto for Account 3 per Cents Reduced 3 per Cents Long Anr..•ities Bank Stock, 7 per Cent 011.111lUILI - I- Kxoh. Bills, 2 3 / 4 d... (June) 31 par par par 3d 1 4d, —i—J— I 5d I BANK OF ENGLAND. An Account, pursuant to the Act 7th and Bth Victoria, cap. 92 for the week ending on Saturday, the 21t day of Mar., 1821. ISRUZ DUPLUTMENT. Notes Issued .....:24,C6:41C0 Government Debt £11,015,100 Other Securities .. 3,459,900 Gold Coin & Bullion 9,590,160 Silver Bullion .... --- L 24,065,160 A 24,065,150 BANKING DICPAATMINT. Proprletors'Capitsl44,ss3 f. '"Al Government Sean- Rest Public Deposits , — 8,90u,;at Dead Weight An.) 41,098.733 Other Deposits 9,902,845 Other Securities .. 19,575,143 Seven Day ez other j Notes 5,532,260 Bills 4:37.87,587 £37,857,587 • Including Exchequer, Commissioners of National. Debt, Savings' Banks, and Dividend Accounts. Brazilian Danish Dtch.(Exl2Cluil. Frenoh 65 70f 60c ci f c f c Do. Do. Bank Stocl Mexican Peruvian Portuguese Russian -;panish rurkish Acc 981 i Antw. & Rttrdm. Belgian East. J. Dutch Rhetilsli Past Indian Gt. Indian Pen G.W.ofCan.,Sh Lyons & Geneva Nladras Na.& Lge.( wan ) Srthrn.ofFrnot. Sorw. Truk. Prf. Paris di Lyons Paris dt Orleans ?aria & Rouen Thurs. 11 Gi 7a Par iP 110 12 211 1 1 26 f 341 51, 191 20 • 6a 9 40 1 9 101 611 32 61 Ratt.walo— Bina. Wolv.& Stour Val Bristol a . .“ 1 Exeter Caledonian Chester and Holynead Cork and Bandon Cubiln b Belfast Juno. East Anglian Eastern I Inior.(B) East Lancashire Eastern Counties Great Northern Gt. Sth. and %Veto( Ire. Great Western Lancashire& Yorkshire Lon., filbury,& S. Brkg. Lon.,Brightond‘c London and Blackwell London and Nrth- West. Midland Newmarket. Newry and Enniskillen Norfolk Nrthrn. Counties Union North British North Staffordshire North-Western Oxf.,Wrostr., and Mac. Scottish Central Scottish Midland South Devon ..... South-EasternandDov. South- Western South Wales Waterford & Limerick Wed. di 9 jao 136 1 35 7 181 9 30 2 66 36 7 Thur. [at is '9O 92 68i 7 I, us 3 1 44 ti Si 4id 7 108 1W 73 6 1 174 8i 74 lu4 di 7 MISCELLANEOUS— Australian Agricultural Canada Crystal Palace Crystal Palace of Fiance North British Aus. Laud Peel River Land & Min. Scottish Aust. Invest. South Australian Land Van IlinmPn'q Tolnd 21 3 130 5 1 2 8 I I 33 7 :1 3 164 6 ;3k 44 3id 5 7 41i 29;30+ 110 73 5 .17i Si 174 5 104 166 7 34 e ! 3t 4 g. 44 6 I 61 411 1 17 1 30 1 173 5 76174 81 104 66e 7i 111 31 160 6 Isf It 14 k 35 11 3 ;54 !3e id 1 44 5 /ro 4/d 7 1 30 1 79 5 171 SI 75 ,)0314 6Gg 7i 21 b j 180 Fride4 7 le V id ip 110 2 21; i 26a ( 34 5 19( 20 84 9 40 4 1i 9 10 614 i 59 61 121 3 152 .`:1 11 21 fi I 3b 7 11l 9 It 21 1 I l it i 1 11 9 Frid. 81 9 20 2 666 I 94 6 P 19{ 20i 34 5 99 100 10; 11e 96 7 (101 7 , 101. 2 110 c. 9 6 f 103; 5 81i f 55 7 5; ed 44 6 5 4id 7; 30 1 lin 11 174 S 73 6 103! I 87 8 ; 98 a fl 21 3 152 57 21 1 t 33 7 FOREIGN FUNDS. Per Ceut. Mond. Tuesd. Wed. , ..5 1021 102} 3 .)2e ss .3 f c! f. i Csi c t ir f f.i -- 1 41i 06} 1 97 i 8 - FOREIGN RAI Mond.,Tuesday. Par Par ip 1110 2 !11 2 261 g 3:3 3 191 20 8t 9 39e 1 9 10 31} 2 58 9 2 d l i i 33 8 1195 20' 9 35; t 9 10 Of 11' 58 9 MAYS Widnes. 6j 7k 14 Par it) 110 21} I 34. 51 19 20 di 9 39. 9 10 tat 2 59 ta SHARES Tuecl. Aloud. 315 which has given way is to 2s per quarter. Malt, however, had sold steadily, at full, prices. Oats have ruled heavy, at Is per quarter less money. Both beans and peas have fallen Is, and flour has given way to the same extent. ENOLISH—Wheat, Essex and Kent red, 40. to 595; white, 50s to Os; Norfolk and Lincoln red, 48s to Ms. Malting barley, 39s to 50s; grinding ditto, 30s to 32s ; distilling, 359 to 38s. Malt, 62s to 774. Feed oats, 23s to 255; potato, 24s to 31s. Rye, 38s to 40s. Tick beans, 32s to s4s; Harrow, 31s to 375; pigeon, 38s to 41s. Grey peas, 3Cs to :ins ; maple, 38s to 394 : white boilers, 38s to 404 perquarter. Town•made flour, Ms to 575; country marks, 33s to 41s; households,44s to 46. per 2801bs. ARRIVALS THIS WEEK. Wheat. Barley. Malt. Oats. Flour. 450 .. 1270 1500 Irish Fureign .. 1770 97e30 1U4390 .. 310 sks . bls . LONDON AVERAGES DECLARED ON FRIDAY—Wheat, 3,044 quarters, 50. ld ; barley, 1,100 quarters, 51a 5d ; oats, 295 quarters, 24s 8d; rye, quarters, —; beans,6B7 quarters, 38s 11d ; peas. 284 quarters, 38s Ild. IMPERI AL WEEKLY AVERAGES—Wheat, 55a 10d ; bar• ley, 41,. 8t1; oats, 24s 4d; rye, 28s lld ; beans, 39s 81; peas, 398 2d. THE SIX WEEKS' AVERAGES—Wheat, 55s 9d; barley. 45s 8d ; oats, 23s 7d; rye, 40s 3d ; beaus, 39s sd; peas, 39a51. ENGLISH GRAIN SOLD LAST WEAK—Wheat, 106 BGB ; barley, 51,281; oats, 15,095; rye, 108; beans, 6,05 ; peas , 1,124 quarters._ . _ BREAD—The prices of wheaten bread in the metropolis ire from 81d to 9d; of household ditto, 7d to 8d per albs loaf• _ TEA—The transactions in our market continue limited, and the supply of tea is rapidly increasing. Holders, however, show no inclination to accept lower rates. Conguu, is id to 2s 4d; King Yong and Oolong, is 2d to 2s; Souchong, is Id to 25 Gd; Flowery Pekoe, 23 to 45 ; Caper,— to —; Scented Caper, Is Id to is 10d; Orange Pekoe, is 2d to is 4d; Scented Orange Pekoe, is 4d to 25 4d ; Twankay, 9d to is 3d ; Hyson Skin, 8d to Is 2d: Hyson, is 3d to 45 ; Young Hyson, 101 to 2s 4d; Imperial, is to 2s 4d; Gunpowder, 111 d to is Gd; Assam, is Id to 4s 4d per lb. SUGA Et—The demand for all raw sugars has been very inac tive throughout the week. Fine samples ha7e sold on former termr ; but inferior kinds have given way Gd per cwt. Refined goods move off slowly, at 63s Gd to 67s per cwt. MOLASSES—Most kinds are in fair request. at full quotations—viz., 22a Gd to 2tB per cwt. The supply offering is limited. COFFEE—CeyIon qualities have been in improved request. and prices have advanced Is per cwt. Several Parcels of good ord native have changed hands at ens 8d to 61a per cwt. COCOA—The few parcels in the market are held at unusually high prices. Grey Trinidad has realised 75s to SOs; fair to line red, Rae 6d to 919 per cwt. RlCE—About 40,000 bags have found buyers this week, at full quotations. Mid white Bengal has sold at 10s 9.1 to Ils; and Rangoon, 10s to 109 6d per cwt. PROVISIONS—Irish butter has moved off heavily, and the quotations have fallen 68 to ds par cwt. In the value of Eng lish and foreign even a greater decline has taken place. The bacon market is steady, and prices have an upward teadency. llama and lard are quite as dear as last week. COTTON—There has been a moderate inquiry for this article, at late rates. HEMP AND FLAY—Moat kinds of hemp have sold slowly, and the extreme value of Petersburg clean is Jai per ton. Flax commands full currencies. Jute is lOs to 20s per ton deem-, with an increased demand. INDIGO—The few trausactious in this articl3 are at legit week's currency. WOOL—Since the close of the public sales our ma •ket has ruled heavy, and some kinds of English have fallen in value fully ld per lb. The imports this week are limited. SlLK—Prices rule about stationary, and importers are very firm in their demands. SPIRITS—We have had an active inquiry for rum, and prices are on the advance. Proof Leewards, 25 7d; East India, 2a tld per gallon. Brandy moves off steadily, at the late quota- tions. No change in the value of malt spirit. METALS--Scotch pig iron has moved off slowly, at 748 6d to 75s for mixed numbers. Tho shipments last week wei 8,033 tons, against 9,306 tons iu the corresponding period ( f last year. Spelter, ou the spot, is nominally quoted at 301 pf r ton. Tin is dull, at 14as for Straits, and 1518 for Banca. Lend is quite as dear as last week. Most other metals, exceit copper, are steady. HOPS—Fine samples are in fair request, at full pricer. Inferior parcels command very little attention. About 130 bales of foreign hops have arri.ed this week. Mid and East Kent pockets, 31 :Ss to 51 12s; Weald of Keats, 31 5a lo 51 ss; Sussex, 31 3s to 41; yearlings, 1110 s to 31 lOs per cwt. POTATOES—The supplies continue only moderate, yet it e demand is far from active, at from 658 to 1258 per ton. COALS—Owing to limited arrivals, prices are rather on tie advance. South Hetton, 18s fal; Riddell, 16s 61; Braddyl , , 18s; Kepler Orange, lis 3d; Cassop, Ids; Barton, 168 Gd ; Stewart's steam, 188 per ton. 33; i