The Press. — London, England, 1857-01-10 00:00:00

JANUARY 10, 1857. Of this amount 400,000/. have come from Australia, and 175,000/. from South America and the Pacific, by the West India mail. The large amount of silver from Mexico, estimated at fully 000,000/., is still detained there by the unsafe condition of the rustle to the port of shipment ; consequently its non-receipt caused some disappointment. It is, however, expected by the packet due on the let of February. The exports, so far, have been considerably below the imports. They have been exclusively to the Continent, and were partly in payment fur silver purchased there. The Bank of France and the Credit Mobilier have both been buyers of gold. They have absorbed about 80,0001. this week ; and it is believed that nearly the whole of the 400,0001. (brought by the Montmorency) has been secured by their agents. The exchanges are pretty much as they were last week. There is certainly no improvement. But it should be known that by the system adopted upon the Continent of buying gold here and in New York without reference to what is called the balance of trade, or to anything else except the object of procuring it, is causing the state of the exchanges to be partially disregarded. Business in English Securities has scarcely been more active than it was last week. This has been owing in a great degree to the arrangements for the settlement in Consols, which were brought to a final close today, and to an indisposition on the part of dealers and others to en gage in transactions for the future until political and monetary matters assume a more definite aspect. Nor has there yet been time for the dispersion of the dividends to produce any effect either upon business or prices. The last price just at the termination of the account was 04 to /, being exactly the same as at the final close this day week, the market not having varied beyond the merest shade from Monday up to yesterday. Yesterday the open ing price for the new account on the sth February was 941 to 1, the rates for carrying over having been a half per cent. throughout; but in the afternoon the absence of busi ness caused general dullness, from the effects of which quotations receded one-eighth, and they closed at 941 to 1. This morning they opened at 941 to 1, and were tolerably steady at that quotation until the Bank Directors made the change described above. Prices declined gradually to 941 to 1, but a rally occurred of 1, and at the official close they stood at 9l} to I. After regular hours rumours prevailed that the Bank return would be unfavourable ; and they returned to 941 to 1, looking steady. Exchequer Bills have recovered since our last. In the early part of the week they were dealt in at 2s. prem. ; but subsequently they were more pressed, and they went to par. The present price is Is. to 4s. prem. This is ls. better than they were last Friday. Railway Shares are, on the whole, about the same as when we last wrote, although some descriptions are rather higher, and some rather lower. But as to business there never perhaps was a duller time. The market, however, appears to be bare of stock, for the public are offering none, evidently holding back under the impression that as the half-yearly dividends will be good there will be an advance before they become payable. French lines have obtained some improvement, and Canadians are better. To-day, however, they receded with Consols, and left off at a reduc tion ofd per cent. The Foreign Market has teen destitute of interest. Turkish Stocks have obtained a slight improvement. Joint-stock Banks, Miscellaneous, and Mitring Shares have all been inactive, without any noticeable features. A company has been formed under the Limited Liability Act to carry on Mr. Mare's works at Blackwell. The title of it is to be " The Thames Iron Works and Ship-building Company." The capital is 100,0001., in twenty shares of 5,0001. each, the whole of which has been subscribed pri vately. An outside dealer in shares is stated to have ab sconded, against whom a warrant has been issued for forging a power of attorney for the sale of 5501. Console. The same individual is alleged to have obtained an advance of 2,0001. upon forged certificates of 400 shares in the Peel River Company. Negotiations for the transfer of the fleet of the General Screw Company to a new company have been conditionally concluded. Eight vessels are to be transferred of an aggre gate capacityof 18,001) tons, at a nominal value of 320,1)001., to be paid in shares. They will be employed upon a line between Bremen and New York, Havre and New York, and Hamburg and Brazil ; Southampton being, in each case, the port of call. Mr. H. Brown, M P., has been adjudicated a bankrupt on the debt duo to the Royal British Bank ; but the hon. member has appealed against the adjudication. Certain English capitalists have obtained the concession of an Imperial National Bank in Turkey, without any conditions for raising a loan. The hank, under limitations, has an exclusive right of issue for thirty years ; and it will, probably, redeem the old and debased currency by its own convertible notes. The Joint-stock Banks' half-yearly dividends are be ginning to be announced. The Union have declared a diviend of five per cent., and a bonus of two and a half per cent., for the six months ending December 31, being at the rate of fifteen per cent. on the paid-up capital. Several failures, principally of manufacturing firms, have been announced during the week. The Trade Reports of the week are on the satis factory ; but complaints of the increasing prices of raw materials are almost general. THE BANK OF FRANCE. THE Monthly Debtor and Creditor Account of the Bank of France, made up to yesterday, was pub lished this morning. In the course of a very com plete analysis of it in his daily circular, Mr. William Avens, stockbroker, of 13, Tokenhouse-yard, Loth bury, says : Although there are points about it that may be con• aidered rather less satisfactory than those in the last return, such as the great increase in the amount of com mercial discounts, it is again obvious, from the falling oil in all other classes of advances, that the Bank is still pur suing the policy of discouraging speculation as much as possible. Compared with the previous return, the follow ing table will show the principal changes made in the posi tion of the establishment during the month, expressed in English currency at an exchange of twenty-five francs to the pound sterling : Increase in Circulation . . Decrease in Public Deposits Increase in Other Deposits .. Increase in Commercial Discounts Decrease in Bullion Decrease in Advances on Bullion Decrease in Advances on Public Securities Decrease in Advances on Railway Securities Premiums on Purchase of Gold and Silver 9,247 Circulation (January Bth) 24,499.'219 Stock of Bullion (January Bth) The premiums paid on the purchase of gold and silver amount to 9,2471., yet the diminution in the bullion is 274,3121. It is certain from the increase in the discounts being so much more than the addition to the circulation, that this falling off has been in coin. Under any circum• stances, it is small, compared with the issue of notes; while the increased circulation must be regarded as so much additional accommodation to commerce, which was beginning to make serious complaints of the scarcity of a medium of interchange. The following table shows com paratively the advances made by the Bank in the two months just closed:— 259,456 400,137 Commercial Discounts Advances on Bullion .. .. „ Public Securities .. „ Railway „ .. 6:470 ' e THE PRESS. JAN. DEC. .. 1 4 46'20;791 X• 20,448,453 153,060 196,048 1,235,406 1,494,882 532,195 1,022,332 £24,550,452 £23,181,695 Deduct .. 23,181,095 Increase in January XL:1148,757 This comparison shows, at already intimated, the policy of the Bank to be directed in favour of commerce, and in restriction of Bourse operations. Advances upon all de scriptions of securities taken by the Bank, except mercan• tile bills, have been diminished, and as this process has been in operation for several months past, it is obviously one founded upon a settled principle. It may be said, however, that the discounts are tao high in relation to the actual trade of France. They are certainly high in com parison with the amount of Private Securities in the Bank of England ; but it must be remembered that the two cases are different. In this country there are commercial acceptances running to an almost fabulous amount which the Bank never sees, and which nobody dreams of taking there for discount ; but in France the case is different. Almost every trade bill from the great centres, where the Bank has its succursales, goes into the Bank at one time or the other. Bearing this in mind, the present amount of discounts, though comparatively high, ought to be regarded as indicative of growing ease rather than of tightness. It is a consequence of the natural and legitimate extension of French commerce ; and, estimated from that view, we are rather pleased than otherwike to see it, especially in con junction ti ith the evident resolution to restrain merely liourse enterprises. BANK OF ENGr*AND. „,: An Account, pursuant to the Act 7th and fith Victoria, esp. SI for the week ending on Saturday, the 3rd day of Jan., 1857. rssne rIEPARTMENT. Kota's issued .... 424,022,8151 Government Debt 41,015,100 Other Securities 1,359,900 Gold Coin ft Bullion 0 4 547,n5 Silver Bullion .... 421,022,615 /24,022,615 BANKING DEPARTILENT. Proprietors'CapitelSl4,3 33 , oo ol Government Semi. Re s t Public Deposits* 7,592,202 I Dead WeightAn:44loo.lsl 9ther Deposits ~ 10,096,525 Other Securities, 295,308 Seven Day B other I Notes 4,767 313 Bills 46,327,5t15 $ 3G,321,555 • Including. Exchequer, Commissioners of National Debt, Saving,' ltnnke, and Dividend Accounts. BRITISH FUNDS. Closing Prices. OFFICIAL QUOTATIONS. ,Mond. Tuts& Wed. .Thurg. Friday 8 per Cent.Consolt —191 k 944 93i 4 Ditto for Account ^4 194 SI 94 94} t , 4; 7 per Cents Reduced .... 948 j "•“ t. 34 BsB 54 7 3 per Cents Long Annuities Bank Stook, 7 per Cent 12104 1 217 1 9181 314 8 2174 Onudurn Kxch. Bills, 24d. India Boods,(1,0001.) 2p ; FOREIGN FUNDS. Per Cent. Mond.' Brazilian 5 I 100$ Danish 5 103 1 ! Dtch. (Ex 12 0101 )2i ! 65 xd, French 3 1 • e , Do. 4i i f z Do. Dank Stock ! —f. Mexican 9 Peruvian 44 Portuguese 4 RUB3i/111 5 Spanish 3 Turkish Acc.6 Tueed. Wed. I Thurs. I 64 xd Ott id c l 67fSOe f.l s4t x d 1 18 1 8s 195 T j l 9s* alter ni I rAELB. Mead., Wed. 84 9;Bi 9, 93 4193 } 4 162 1;62 3, 1 37# i 84137 i di, 271 OS 6 I RAILNAIO—. Aberdeen Itirin.Wolvdt Stour Val 1 Bristol slid Exeter sledon lan Cheater and liolynead Cork and Bandon .... Dubnn East Anglian Eastern Union (II) East Lancashire Eastern Counties Great Northern ... t. Sth. and Wst of Ire ; Great Western Lancashire& Yorkshire i Lon.,Tilbury4 S. Brkg. Lou. ,Brighton lee London and Blackwell London and Nrth-West Nlidland N ewmarke'. Newry and Enuiskillen Norfolk Nrthrn. Counties Union North British North Staffordshire— North-Western Wrcstr., and %Voir. Scottish Central Scottish Midland South Devon South-Eastern and Dov. South- Western South Wales Waterford & Limerick MISCELLANEOUS — Australian Agricultural Canada Crystal Palace Crystal Palace of France North British Aus. Laud Feel River Lund & Min., Scottish Aust. Invest. South Australian Land, Van Diemen's Land 1 Antw.& Rttrdm. Belgian East. J. Dutch Rhehish East Indian.... Gt. Indian I'en. Or W .of Can.,Sh. Lyons & Geneva{ Madras ....... NIL& Lge.(w.iu.) l Nrthrri.of Frnct. Norw. Truk. PK Paris & Lyons.. Paris & Orleans ?aria h Rotten.. se 9 I •3 4 82 41 38 9, - I I 9 2 0; 25 27 93 6 52 92 hio 2111013 :68 1 97} 197 i I Lir _l-11 81_ A 7 1 108f:11047 7 k 83 i 'B3 50 2440 2 31 idle id tO 1 40 1 If iIL 106 7a.172At :1 1 t ti -- 70 2 174 8i 74 5 'lO7 i , s 4 5 2i g ! If t I ,36 8 1 2i I 36 s 'l6 8 16 8 FOREIGN RAILWAYS blond. Tuesday. Werke.. • Thurs. C 1 76i 7I 61 7 61 7 +II3PIII C fH le t le I . -- 1 113 6 112 r 22 t 23 t 22 t 22 -- ;241 5 be 241 et, 9* 10p 9i 104 p 101 p 2O 100 20 * 20 i . 1 8t! *8 * 371 1. 37/ 81 1 371 84 371 81 84 9 515 8 5 9! Ai 98 8 9 b4l st 1 55i 455}e 52 4 62 4 52 4 152 4 FROM THE LONDON GAZETTE Tuesday, January 6. BANKRUPTS.—RosEar EDWARD KEY, Thorney, Cambridge shire, grocer—Jolts lticitAso DAWSON. West Cowes, Isle of Wight, hotel keeper—JOHN HENRY STEVENS, Great Wild-street, Lincoln's•inn•tlelds, engraver—EnwAan CROFTS, West-place. St. Luke's, hearthrug manufacturer—SAMUEL MUDDlNAN,North ampton, shoe manufacturer—WM.l.lAM KINGSTON, Bridge-road, Lambeth, lineudraper—NATHANlEL LEVY NATHAN, Church-lane, Whitechapel, butlier—EnwAßD POLLACE, Fieldgate-atreet, sugar refiner—TuomAsißODGEP., Atterclitfe•cum•l)arnell, Yorkshire, gf OeBT—THOMAS STOREY BELTON, Marton, HOUICIISIIe, and Loncoln, mai tster. SCOTCH SEQUESTRATIONS.—J. NIITCHELL, Dunoon, slater,—J. MATHER, Haddington, surgeon—W. Pou,An, Perth, innkeeper—A. MADSEN ziz, Dingwall, county clerk—lt. IfiLAciatt LAY, Aberdeen, grocer. Friday, January 9. BANKRUPTCIES ANNULLED.—MEyEB JACOBS, Steward street, Spitalfields, manufacturer—WALTEß LODGE, Fauna) , Bridge, near Huddersfield, cloth manufacturer. BANKRUPTS. —Joni SWOUDER, Ware, malster—Joux HAWORTH, Shaw Clough, Lancashire, spinner—Skulls'. CLARE, Ashton.under•Lyne, grocer—HENßY DucitwoßTß, Glen Top Mill, Lancashire, cotton manufacturer—JamEs GILBERT, Man- cheater, contractor. SCOTCH SEQUESTRATIONS.— Joni( Fourrn, Cuthil, farmer—JAMES BANK 1, Findlapstreet, Glas gow, glazier—ROßEßT MACKINLAY, St. Nicholas, Aberdeen, grocer—JOHN GOURLAY, High-street, Dumfries, plumber— JAMES DRYSDALE, hentield-street, Glasgow, merchant—ROßEßT HINSHAW, Motherwell, Lanarkshire, spirit dealer—WaTsuxs and COMPANY, Paisley, woollen drapers—ARCHIBALD CAR MICHAEL, at present prisoner in the Jail of Dundee, farmer — THOMAS Itusurrtt, Woodside, Glasgow, carter. retropolitan 31,1arhtts. (Reported esclusivelw for "Tux Pause.") CORN EX4TANGE The present week's arrivals of English wheat bcre been only moderate. Selected samples have sold to a fair extent, at full prices ; but other kinds have moved off slowly ; on former terms. American wheats have been forced for sale/at a slight reduction in value. Other qualities have maintained previous rates. In floating cargoes very little has been ihasing. Fine malting barley has sold briskly at is per quarter more money. Grinding and distilling sorts have been unchanged. The malt trade has ruled steady, without leading to any alteration in value. We have had a moderate inquiry for oats, at full prices. Beans, peas, and flour have been in fair supply and steady request, on former terms. ENOILTSH—Wheat i , Essex and rent red, 525 to Cie; white, 54s to 745; Norfolk and Lincoln red, :,0‘ to 675. Malting barley, 40s to 525; grinding ditto, 'sls to 395: distilling, 878 to 38s. Malt, 63s to 78s. Feed oats ' 24s to 255; potato, 255 to 315 . Rye, 38s to 425. Tick bang, 33s to 375; Harrow, 4ns to 43s pigeon, 42s to 468. Grey pets, 39s to 415 ; maple, 41s to •43s ; white boilers, 408 to 445 perituarter. Town-made flour, 158. to 60s; country marks, 43. to 4Ts; households, 46s to Ms per 280 lbs. 70 2 1 174 81 74 5 IU7 8 45 Thur. I Bi 93 $l4 '37e 8$ 150 2 Ist jd: 140 151 3 B 1 281 9j •;1 id 40 1 ,Si adi 17i $ 19.8 i Oil 171 3 CI 8 i 174 54 164 5 171 3 117 i 81 174} fo;t 1)07 81 641 5 81 9 23 4 62 371 ag 1:i 91 93 6 91 91 92 3 111 3 dei * 97 Ini: is! 61 , 106# 824 3 51 St 39t 50t 44 id 7. 28t 9i 103 8 71 3 17e 8i 74 5 1106 i 7i d 4. Dit !2 i - 133 8 2 1 1 2 1 1 la a 4 2 1 1 2 1 11 A 1g * 1g g 36 8 36 8 36 8 116 816 8 16 8 9e 1O .._ A i 37 3 3 si 9 54 5 62 4 lifond. 2 } 2 } Frfd4 et 1} P