The Press. — London, England, 1854-02-25 00:00:00

FEBRUARY 25, 1854. This week's market has clearly demonstrated this ; for, notwithstanding the embarkation of troops and every other symptom of war, Consols, which were in the beginning of this week 90}, have risen to 811 1, at which price they close. For the last two days purchases of Consols to the extent of more than half a million have taken place, by brokers supposed to be operating for the Hebrew party, who have been of late large sellers. It is presumed from this that favourable news has arrived of the intentions of Austria. But the subject of most interest, as regards the Money Market, is the new French loan which is about to be negotiated, and for which the capi talists of this country have for some time been making preparation, and on account of which large quantities of gold have already, in anticipation, been sent from this country. The amount is stated to be eight millions sterling ; and doubtless this will account for the great depres sion which has lately taken place in French funds, parties having sold hoping to replace themselves by • the contemplated loan. We have no doubt that it will be brought out at a considerable premium. The only ostensible bidders for it at present are Messrs. Rothschild and the Credit hfobilier. Although this loan may occasion bullion to be transmitted from this country to a certain extent, we do not believe it will be felt, as a great portion has already been lent. Money is very abundant in the discount market at 41 per cent. Exchequer Bills are 18 to 21, the Bank having disposed of a few, supposed on Govern. ment account. The French funds came this afternoon by tele graph at 66.80. FOREIGN FUNDS. In reference to the statement we put forth last week relative to Peruvian Bonds, a doubt has been expressed as to whether the " Home-Converted " Bonds, which are disputed by the committee of Anglo-Peruvian bondholders and by the bondholders at large as having been illegally issued, are really held by "British subjects." Now, it appears to us that whether these bonds are or are not at present wholly or partly held by British subjects matters but little ; but it is a matter of the utmost importance that the British Govern ment should inquire into the facts of the case, and take care that a sufficient quantity of guano should be shipped to this country to provide for the engage ments the Peruvian Government have entered into to pay the interest on, and to extinguish, the debt within a given number of years. What the committee of Anglo Peruvian bond holdeis have a right to insist on is, that the Peru vian Government fulfils the original prospectus they put forth through Messrs. Hambro and Son, on the faith of which the Peruvian bondholders took their stock and converted their bonds; and, if the guaran tees contained in the bonds differ from those put forth in the original prospectus, it is perfectly clear that they have a right to seek redress from the Bri tish Government. It may be argued that the bondholders ought to have seen that the bonds agreed with the terms offered to them ; but, as the loan was issued in scrip, it was impossible to tell what the bonds would con tain until the scrip was called in and exchanged; and then, the agents of the Peruvian Government having obtained their money, it was too late. This was a case for the committee of South Ame rican bondholders to have investigated, the more especially as they had voted to them, and had on hand, a large sum of money for the protection of the bondholders. Looking at the matter in all its bearings, it is one for the especial interference of the British Govern ment; and we trust that the committee, in their ap proaching interview with Lord Clarendon, will im press him with the salient points of their case, and we have no doubt they will obtain redress. Peruvian Bonds have been steady all the week at 68 to 8. It is by far the lowest stock in the market, and susceptible of thee greatest rise. Much, ho w ever, will depend on the manne r in which the British Government supports the bondholders. We understand that the delay which has taken place in the ratification of the treaty between the United States and Mexico does not arise from any circum stance likely to prevent its final ratification by the two countries. It is, however, probable that a small deduction will take place in the amo unt at present stipulated to be paid to Mexico. The delay, however caused Mexican Bonds to recede to 241, but they , have since rallied, and finally close this afternoon at 24f 5. THE PRESS. RAILWAYS. The increase in the railway traffic of this week is most remarkable and satisfactory, and incon testably proves that their resources are far from being developed. There is evidently a returning confidence on the part of the public in railways, as an investment. Great Northern Stock is particularly buoyant, and the increase in the traffic this week has been so remarkable that it has become a question whether the profits arising from the coal traffic are not in part included in the returns. It would be well for the company to set this question at rest. The non-settlement of the dispute between the North-Western and Great Western Railways acts detrimentally on the value of both these stocks. If the capital account of each line were closed there would be very little difficulty in bringing about an arrangement. The Railway Market has been remarkably firm during the week. Stock is still scarce and the public continue to invest. BANK OF ENGLAND. An Account, pursuant to the Act "th and Bth Victoria, cap. 32, for the week ending on Saturday, the 18th day of Feb., 1864. IS:AM DICP•RTYENT. Notes issued £29,613,220 Oo►ernment Debt . .C 11,016,100 Oder Sec..aies .. 2,984,900 Coin & Bullion 16,519,220 Silver Bullion ... • 829,513,220 /29,613,220 BANKING DSPLITMENT. Proprietors'Capital 014,553,000 Government Seen- Rest Public Deposits* 2,440,107 Lead Weight An.) 111,757,704 Other Deposits Seven Day & other Notes Bills L 33,702,593 I £33,702,593 * Including Exchequer, Savings Banks, Commissioners of National Debt, and Dividend Accounts. The foregoing return, when compared with that of the preceding week, ending Feb. 11, exhibits the folowina changes. In the Public Deposits Other Deposits Notes Issued Do. Reserved Seven-day Bills Coin and Bullion G overn ment Securities .. DECREASE 0' 1,143,962 Other Securities DECREAS E 0 ' 68904, The Rest The amount of active circulation In Netes £22,654,8 0 0 Do. in Seven•day and other Bills ..... .... 1,086,779 ---- 23,741,579 113,252,313 SWAYS. \Viednes. 3t 3 die 41 3e d Tuesday. 3i 3d 4i 1 Sit; 3 ad 2e 3 P e i } iP 131 7i e d P pp' 712 t i B}l I 11 4 t 2 3 15, 134 81411 271 8 2I 'lll - i i " I IP 7 i pm d par Thurs. 1 14 3 - 2tf; 1 7" 281 94 4 94 12 ir 41 3 11 1., " i !1 die ei 1 pm Id pan tt 8t 9 ldi . 17i 8 - 9f 4f Coin and Bullion in both FOREI( Monday. 3} &Lit . 4 34 1 11 Antw. & Rotterdam Bezieres to °raise. Belgian Eas. June. Charleroi & Erque. Dijon & Besancon Dutch Rhenish East Indian Do. Extension Gt. Indian Penin. Grand June. of Fra. GLWL of Cana.,Sh. lids. (2di5.)11573 Ccca.&Pla.spcp Luxembourg .. • • Lyons& Geneva Madras Maria Antonia. Nam. & Lge. (w th in Northern of France N or w e. Trunk Pref. Paris et Lyons Paris & Orleans Paris & Rouen.... Paris & Strasbour P sr., Caen R Cherb. Quebec & Riehmnd. Rouen & II avre Royal Swedish.... Sambre & Meuse .. S th.-E ast. of France Souther. of Fran c e Upper Indian Scrip West Flanders.... Western of France Westrn. of Switzer. Zealand 3 21 die 1 2 e 3 r Ii # „ et 7i 4d imp 261 9 si 12 1 42 4 3b 7x , ,28 I 3 11 111 184 -Qii 8t Belgian 4e p C Ditto i Brazilian 5 Do. New 4} Buenos Ayres.. 6 Chilian 6 Danish 5 Ditto 3 Dtch. (Ex 12 Gtul )2e Ditto 4 French Do. 3 44 1 0 Do. Ban alljefSerreld .--- Mexican 3 D o . Account 3 Peruvian 4e Peruvian. Scrip ... Port ug uese 4 - 81193i11il 5 Ditto 44 Sardinian 5 S pa nish . . ..... . 3 Do. New Deferred. 3 Did) (Passive) • • Venazuela , ... ,34 189 211 1 861 ei 81i Van Diamon's Loa BRITISH FUNDS. Closing Prices. Wl6 OFFICIAL QUOTATION. )n- Aloud. Tuesd. Wed. Thurs. Friday. Dg ——— -- 3 per Cent. Consols 9l 91 901 191 1 911 I 911 pittofor Account ale 3 per Cents Reduced 34 per Cents Long Annuities uri 5 i ''' Bank Stock, 7 per Cent 218 7 217 8 113 Si? so India Btock,lol per Cnt. 233 6 238 140 233 her Exoh. Bills, 2d. per diem 22 19 pl 9 20p 18 21p 189 1p 18 Zip i n India Bonds, (1,000) for SHARES. RkILIWAYB—• Motto. tuesd Wed. Thur. TAW Aberdeen the Moberg., Nottng.,Betn. iCtS a East Junction If Bina. Wolv. & Stour Val. '4 V 8 0 8 9 8 9 8 9 Birk.,Lan.&Ches..lunc. 12 10d 1310 d 11 9d 11 9d 11 9 d sere Do. Ches. &Birk ,601.& tan 15W. Do. do. 201. Bristol and Exeter Rrm Caledonian the Chester and Holyhead 15 6 lb 6 15i 6 154 G 154 65 Cork and Bandon Dublin it Belfast June. 45 815 6456 45 45 I Dundee, Perth, it Aber deen Junction 74 1 8 11 rii 1 1 1 1 East Anglian p. 31, Eastern Union — 1 54 . East Lancashire E.& W. I. Dka.& Bir. Jn. 15,100 Edinburgh & Glasgow 61 64 80 4CO 460 4 GO 4 84,900 13,220 Eastern Counties Ednbrgh., Perth, Dund. 21 321 321 321 3 22 3 Great Northern ---- Gt. Bth. and Wet of Ire. 99 101 99 101 99 101 99 101 99 101 (13,220 Great Western Hull and Selby lO6 6 106 F. 10C 8 104 6 104 IN Irish South-Eastern Lancashire & Yorkshire 655 6 654 6} 665 467 4 874 8 f 57,701 Lancaster and Carlisle 92 692592 96 91 5 99 5 346,376 Leeds North ern b 58,420 Lou., Tilbury, & Sthend par 9 ip par 4p par 5p p a r ip par Oitat Lon,Brighton,&c 7 98 7 740,093 96 7' London and Blackwell 1 I 14 4 1 8 4 4 Bg, 4 8 4 84 702,693 London and Nrth•West. 5 084 4103 } 5 104 4 1 1 5 145 4 Londndrry. & Colerali a sere of Londndrry. & Ennskllii. Man.,Shef.,& Lneolnsh 225 31 924 31 221 31221 34 224 31 eceding Midland Do. Birm. and Derby 36 836 8136 .56 8 36 $ the Newmarket 1455,200 Newp.,Abei.& Hereford 5458 5 41 6 2 55 41d 5 aid 5 414 179,636 Newry and Enniskillen 25 3 24 2l 341 3 2/ 4 46,310 New.,Warrnimt.,& Roe. 6 8 6 8 6 86 8 8 8 500,080 Norfolk . 62,572 Nrthrn. Counties Union 31 id 31 id 35 idsl 4d 94 5 4 10,185 North British ,183,962 North Devon 68, 904 North Staffordshire ,l 51 6 131 d 6 643 651 4 6 5 1 4 40 7 North-Western 3 8i 8 135 8 65 8 85 8 N.& Sth.-Western June. Oxf., Wrcstr., and Wolv. 39 5 3 633 634 5 34 5 S co ttish Central ' 741,579 Scottish Midland ,252,813 Shrewsbury & Blrming. 56 GO 55 80 55 60 55 60 55 00 Shrewsbury it Hereford 324d3 2i d 3 2d 3 2d 3 1 4 Shrewsbury & Chester 15 715 715 715 7 15 7 Friday* Shropshire Union .... 31 31.131 31d 31 81d 84 54 '1,31 14 34 3 d South Devon 44 34 4 South-Eastern and Dov 824 162ti62 3 62 3 614 31 1 14 South-Western -- South Wales 33 i 33 4 133 1 331 4i 345 tki Bth. Yorksh. & Riv. Dun 2d par 2d par 2d par 14 par 14 pit 35 21d Stockton it DarlinE,ton 80 2xd,30 MO 30 Mid 130 'Axil 30 ili 4 25 fp Thms.HavenDkat Rail. 2/ 31 2 4 i 24 521 1 21 1 Vale of Neath f 4 p Waterford & Kilkenny ; 155 1551 55 1 55 I Waterford & Limerick 624G24 6 14 6 14 '5 i P West Cornwall 1 6 7 6 7 6 76 7 6 7 Wimbledon & Croydon Woodford 61 - 74 York, Newc., and Ber. 68 01 681 05 69 70 694701 70 71 \ York andNrth Midland 48i 91 485 91 49 50 49 50 491 501 r id par Mama- —-- Australasian 1 70 876870 8 76 8 7 4 I Chartered Bank of Asia —l—d—il d 295 4 Ch. Bank of India, Aus- -74 A trans., it China 1 Old 2 lid 2 15d 2 1 1 .1 9 114 {, 12 4 4P Eng. Sctch it Aust. Ch 34 11 d 3521 d 35 21d .35 Old 84 11 4 42 4 Lon. Bnk of Aus. & India —•— c ) 32 :4 618 4 Igen C t b al ar i3 1 Bank oj o Atia r t 1( 4 1 poi l • i i, i l :l par o 21 5 d o 1 4 Id 4 1 d P— Roy. A us. 13nki n g ald iA 3 1 4 importing Company --__ ki— , _ South Australia Union of Australia st 74 85 Do. New P in Brazilian Imperial ..... 9 6 5 85 5 36 1 4 4 2 Di.. (St. John del Rey) 28 50 2 5 83 C 0 28 30 28 2 5 51 45 Cobra Copper p 25 fp Colonial Gold r p 4 4 par 1 0 r r 1p l a d ri i p r i 4 d iP ii. -- Nouveau Monde ... " 5 44 MISCLI.LANEOUS— Australian Agricultural 43 2402 40 240 42 41 1 Brit. American Land Friday. Canada .. . : Crystal Palace 4WI 1 4p4 1 41 , I 14p 1 4 —._ C rys t a l Palaceof F ian ce —p p ._.. p ..... - .... North British Ans. Laud 4ppar 4. parepi• ep — ip Do. Preference _. I'eel River I.and Min. 4 (41 fi r id idp 4 d par Scottish Anat. Invest 1 1 115 1p li lip 14 lip 15 4p South Australian Land 7 57 (87 93 0 118" 9 Van Diemen's Land rttropolitan Variats. (Reported exclusively for "Tux Passe.") CORN-EXC lAN G E—During the present week very moderato su pplies of English wheat have come t o band . ocootwlse and by land carriage. For all kinds there has been an improved demand, and prices have been fully supported in every instanos- Foreign wheats—the import of which has been havesseasonbly good—have moved o ff freely, and red Baltic parcels ad vanced is per quarter. Flootiog cargoes have sold freely, at full quotations. Although the receipts of barley have been good, that article has commanded more attention, at extreme curren cies. In malt very little business has been doing, at th late decline. The oat trade has shown signs o f improvement ; but 14 exti 2R i 13 1 dial 174 12 3 4 i d -- atm! kas 4 dial lINDS. tsd4 Wed., tEIGN Mond.l 8011 604 60 914 66( c 95f 269.0 f. , A 1 111 I w 011 313(85c )5f 40 -r.) 9.4 a 241 185 61 85i 8 i - P - P 102 e 1 66 f 60 19M1f 60 2675f.1 ( R 46 1 F