The Press. — London, England, 1853-12-31 00:00:00

DECEMBER 31, 1853. almost against hope that some solution will yet be found by which the Eastern question will be settled pacifically; but should this country get involved in hostilities the fall in the funds will be the more con siderable from the disappointment; and the question for financiers to consider will then be how funds are to be provided for carrying on a war. Taking into consideration the manner in which the Chancellor of the Exchequer has absorbed the resources of the Bank, and also how the levying of an increased taxa • Lion will interfere with the principles of free trade, we are inclined to believe, however vicious the system may be, that recourse will be had to loans; indeed. we look upon a loan of ten millions in the spring as inevitable, and we are not prepared to say that it would be inexpedient in the Government of this country to borrow money in the market with as little delay as possible, if only for the purpose of keeping other competitors out of it, or, at all events, compel ling them to raise their loans on the most onerous terms. But has the Government taken into consideration the possibility of carrying on a war with the present Bank Charter Act? For the sake of the commercial community we hope this will be the first subject they will take into consideration. It is one of paramount importance ; for, notwithstanding the large increase of gold, we do not think it would be possible to raise the taxation necessary for a state of war with a Bank Charter Act which limits the amount of the circula tion to the gold in the coffers of the Bank. The issue of the bullion department and the bank ing department ought to be separated, and the Bank ought to be allowed to issue, on the deposit of proper security, to the extent required by the wants of the community, and not be limited as at present to fourteen minions ; and a board of control ought to be placed over the Bank directors to prevent them abusing the power of issue granted them. By taking such timely measures, and not having them forced as by some commercial crisis, caused by a contraction of the issues of the Bank, in conse quence of the exchanges being against us, England will be prepared for any emergency that may arise, and could carry on any war to a successful issue. The demand for money continues and is likely to continue, the rate in the commercial world being per cent. for discount. We understand that the French Government are about to raise a loan of eight millions sterling, through the medium of the " credit fonder," and that Bonds payable to bearer will be issued. We have no doubt, under such circumstances, that these bends will find their way into the English market. The negotiations for a Turkish loan are suspended in consequence of the special commissioners sent from Turkey to negotiate it not being able to pro duce their " firman" giving them authority to do so. We understand that the loan will be for 2,500,000/. sterling : 1,400,110111. of it will probably be brought out in Paris, under the auspices of the " credit fon cier," and 1,100,000/. in London. The pressure of Three-and-a-quarter per Cents. on the market to-day has been very considerable, and it is estimated that not less than 250,000/. have been sold, and the jobbers have taken on loan from the Bank to-day, on the security of stock, upwards of 400,000/. at 41 per cent. Many cautious persons are selling stock and buying Exchequer Bills, which, at their relative prices, pay nearly the same amount of interest. Consols to-day have reached 94, in consequence of rumours of an approaching armistice between the Turks and the Russians ; but, in consequence of the large sales of money stock before alluded to, close 931. Exchequer Bills sto $ premium. The foreign exchanges are without alteration. Gold continues to be shipped to the Continent, but we should say the balance has been in favour of imports. FOREIGN FUNDS. The transactions in foreign funds have been very limited. A meeting of Peruvian bondholders has been convened, in order to put a stop to the dis graceful attempt to foist the " home converted" debt of Pent on the English market ; and we have no doubt, if the bondholders and the committee of the Stock Exchange are true to each other, this bare faced attempt to saddle the English public with the whole debt of Peru will prove abortive. Public opinion cannot be too forcibly expressed on such an occasion; for, had this scheme been successful, a similar attempt would have been made by Spain, Portugal, Mexico, and every other state of Spanish origin. We have nothing to remark on other foreign stocks, no fluctuation of importance having taken place. RAILWAYS. The traffic returns continue favourable, and the market in railway shares has been well supported. The account has passed over in a satisfactory man• ner, the speculators being very short of stock; in deed, in most instances a premium has been given to carry it over. THE PRESS. PRICES CURRENT. BANK OF ENGLAND. An Account, pumutta to the Aot :'th and kith Victoria, cap. 3 2 for the week ending on satunlay, the Si th day of Dec., 1d53. 1881:t DIPAITNENT. Notes issue 3 RD,lis,433 Government Debt . L 11.015,100 Other Securities .. 9.901.900 Gold Coin t 11ulfon 111,11t4,435 Silver Bullion .... 019,121 4 ,135 ,C 29,126,43 5 BANKING DICIPARTMIL NT ProprietorsTspital £14.553,000 Government Seen. Rest Public Deposits* 11,157.734 Dead Weight An.) n5.00,1'30 Other Deposits Seven Day & other Notes Dill* A 40,406,287 00,6911,20 •HARES. HA T.W Yq burtiven Mond; Tuts. , 211 : [Wed. 2tlf I. Amberg., N °Ong., Ilatu. & East .lustction Wolv.& Stour Val. Birk., Lam& Ches..lime. Do. Ches. & Birk , (M 1.,( 251 C. Do. do. 201. Bristol and Exeter Caledonian Chester and Ilolyhead Cork mud Bandon Dublin & Belfast .1 num. Dundee, Perth, & Aber. deer .1 lion East Anglian Eastern 'mien East Lancashire E. & W.I. Dks.& Edinburgh & Glasgow Eastern Comities Ethibrgli., Perth, Dund. Great Northern Gt. fith. and Wet of Ire. Great Western Dull and Selby Irish South-Eastern Lancashire& Yorkshire Lancaster and Carlisle Leeds Northern Lou., Tilbury, & Stitend Lou., Brighton. .te Lomb in anti Illackwall London and Nrtli-West. I miidtidny. A Coleraine Limilieirry. A Entieklln. Mati.,Shel.,& Lueolurit. Midland Do. Bina. and Derby Newmarket. Newp.,Altei...t I lereford Newry and Enniskillen New., Warruptit.,A Kos. Norfolk Nrthrn. C. les colon North British North Devon North Stattordahlre Norill•Westent N.& Stb..Westent J Oxf., Wrcatr., and Wolv. Scottish Central Scottish Midland .... Shrewsbury & Binning. Shrewsbury & Hereford Shrewsbury A Chester Shropaliire Union .... South Devon Soot il• Eastern and Dor SoutMWestern South Wales SOL York toh. & illy. Dun Stockton k Darlim s ton Thins. II oven Dk. it Rail. Yale of Neath Waterford & Kilkenny Waterford & Limerick Wert Cornwall Wimbledon A Croydon Woodford York, Newt., and Ber. York and Nrth Midland BANKS — Australasian Chartered Bank of Asia Ch. Bank of India, Au tralia, & china Eng. Sctch & Aust. Ch. Lou, /Ink of AWL& India Lon. Char. link of Aust. Oriental Bank Corpor. Boy. Aus.Bnking& Old Importing Company South Australia Union of Australia Do. New NINES — Brazilian Imperial Do. (St. John del May) Cobre Copper Colonial Gold Nouveau Monde MItriLLAMEOUII-- Australian Agricultural Brit. American Laud ('unails Crystal Palace Crystal Palace of France North British Mid. Land Do. Preference Peel River I .and M Scottish Aust. I liVest. South Australian Land Vau Diomen's Land a. I ' 9 JI 1 9411 1 . 8 19 54 4+t .IA 101 ,5 e 10 7 ,1 7 '1 9 1 134 $44 0 , 104 534 4; 1441) ip 11111 di $ 110314 95 1 :31 .1 !3,1 4 37 - 51 6 14 3i 3t lo AI _4 ''"e !el A ii 151 tit ist tel i ll 9d 114 9 5i44 9$ 100 IN4f 14 1 8 1 i) )! ,14) 4 164 6 C:; 5 13 421 1 311 4 •1 lu4 '3144 i lo3 I 'O7 t ' 195 101 l ,13} I iio ii iil. ;901 1103,11 pirj. i ti 1 En 57 8 bol On .31 51 7. (1 , I 31 d lb 7 'l4 23 78 NI 221 .11 63 1 137 9 6 3 2d 27 39 2i 3/ :5 8 tii 6/ 27 9 8 i ... i3e 41 .71 $ ti Si d 3 1 51 8 :15 d We le $ le id lit ► p*i 78 et Bold I " } Id I 1 67 9°l Thur. 21 1 4 tit 1 IA Ad ♦; 9$ 544 bi 16 7 14 6 16 7 11 11 I 3/4 4 164 6 03 5 I 3& 11 14 3 1 104 , / U 11/ II 60 9:1 P Id Po Its 4 it um mil um, Hl 3 .17 ted 60 211 il4 In 3i 31t1 s i•dls I Z.. 5 95 .13 4 :I 2 d 17 30 21 3 IS 0 55 05 17 9 i 8 111 2 GY 38 8 4 6 to 44 4 3i 8 48 52 ill kd 17:11 1 6 7 Pi 6 • 9 4xd 16 7 3e 41 I? t 8j '8 tiOld id li 44 4 1 tut 71 ; 1 ig i 11 .7 9 d pm Friday. 2of 81f 4f 5 9i 11 Ogle ri ea $ 8 18 WI lj 14 1 I It iilno 18 1* 54 4i dl, 98 100 511 Uri 16 17 14 15 46 47' K 1 9 4 • , 4 3 42 84 MI N 3 05 131 13 2l 21 Ni; $5l 104 100 $3l 031 109 111 66i 67 VI 68 131 131 R II II $1 103 1011 W Siete I e 111 i h l'i :I 00 idre 7$ •1 ca t 70 6 i ti it "! It b S 6 111 47.4 i 6 7 1 i r i I P 42 4 12 70 64 66 47 48 7$ W) 11 01 11 1 41 I 44 4m 73 7. 7i 7 6 4 Is 64 46 47 I lc, •i"ir, par p 41 44 es 70 le II p t.ar y r ,l Par 1 P Li " 3m Itt 4.1 it it BRITISH Ft &WIC 'IAI. 4 'Mond. altis. 3 per Cent. Consols ! 141106)r Amount 3 per Crtitos Itt4ured 3i per Cents lAttut AtomMee Batik Stork, 7 per cent ' I nails uubek, per t' nt. Exch. Bills, id. per dietu, ludia Bonds, (1,000) ( 3 - I i U il 11101 lAtoil 1 41 11W. Belgian 4i p i', Ditto 2i llnulllan ft Do. Now 4i Buenos Ayroo tt Darnell 't t)1,1. (Bt I! GialL)le Ditto 4 FrouoN 3 vaj Ni : 951 i b I 116 +7lf 141 !Olt Ji ,1114:alt 044 I lot Do. 4 1)0. Stovk Oriumla Deferred Mexican I DO. AveoUlit 3 Peruvian ll Peruvian Scrip Portuguese I Russian to Ditto Sardinian tr Spanish 3 De. New Deterred 3 Ditt o (l'assi%e) Veo audit 441 24 tls I9 fl 3111 IZIf wit ' 9 , 4441 t. 71 Active. & liottertlaut lictiere.t.. 1 i raise. Belgian 1 .. 10.1. Charleroi .1 Frque., Ictiocc t 111 , acctsi 0 ' hitch Ithrufsh .. Fam Eitecivi.tn.... 1:11 - 1 4j 19 1 $11 461 I Ulf :!1 IN RAILWAYS. M onadje. , Tuesday. 1 1141 I3_ 2d. Gt. 111.111111 Peilin.l 14/11141 JUIIC. Of 14111 I.ll.Wl.l.feaum,Sh.l „ 11(1.4.(.M1s.)167111 Lees.* Pis. II parr Luxembourg I.pme& Geneva Madras. Matta Antonia. Salm& I .ge. (%tb Northern Fronee: Noree. 'trunk Pref. feria & I.)111111 'demur Palle ,t P.tru+ sirseltourgi Par., t 'not & Chorlo.l Quebe...t Itlehumd.l lloueu .10).•1 S/11111.1'e&Meillie Southrn of Erunerl I 'l.l.er I mlum Serip West Hendee.' I Weetere of Filmes' %Ventre. of htt Amor Xestboul Is la 44p it Pit' .11 dl.l "t pis 1 r, ..... ... 0 :1 I PI 141 51 al 64 f 4 It 41 mit a 8 4 p d 1 81 9 91 4 op rut 44 1 4 44 tlie 4 lib i74f c 101 f I:; ' 1 ti:l 1 pi ?I I 00 1 4fli !pill 94e 14 Al N OH - Ni 481 IA - II tikes. 2 Aso's. I+lllN9 I j .11. $ 94,:1%1 1 3 1 1 5 1 1 1:1 11 " 21 le i 3 el p i e lip 1:4 ~ 1 4 per i l . 4 Friiri. It ,1 le 13 15 I Li 31 1i V 4 . 3 p 1 3 1 d par die 11 6 I+ 'Pm • I 144 I ` I I 1 (I ipsoi si 841 01 lii 61 4 8p 7st l Ni 01 I 46 0 p p 41 A xl+ II ii e 1 p I dig 19 :1 1 kili% 0 20, 1 01 41 51 vk li lie Id *pa 1p 4.161 I Cp . i i 741 11414 p 4 dli 1 e psi' 4 1 1 35 71 U llWe fp 441 04 0,71 AI q li 14 4 41 4 326 33 I 4p 19 $) 1 o+d di a 4 up 4i 4 54 114 IlttropoWan glarlitts. (Reported trasisiri IN for "Tut Vita,.") CORN•FXI7IIANOF-16e sink els nell.ll , nheat, roast. IN 1.0. and lay land esorttape, hoe 1., en ,cry limited this week; betiee the chow of t•tooples ad both fed and aline Use been ~wall. All kinde have commended rather en methe limitary. at WI WIN 411.'0 in 1110 1111111111i01i.4 or tro ll 2% lio 84 per. aineetee. Foreign wheats—the unissrts of skirl& hate ballet' all- have old readily at gas to as per quarter more mach y. 1 h.ataag s arg,...4 have realitied the tonne 'mount or 11111 ms ht. There 1111/4 noire th , llll In barley, and fine parcels have proslus eat a 111 , 0 of I. per quarter. No. improvement 1111.1 ISA an the lOW' Of 111110, but the trataaaviiiai. h•ne lseett rather a ti4 . 1101%11. 01410 111110 , cisslll4. 'lowly to Land. and commended a toast cow slllialot lye inquiry. at 41 to Is 1...1" quarter lame mom., Ileum have vr.alareil CI I If rates, tt peat have advanced IN to 24 per smarter. they tool maple ha% e slid freely sot fottner terms. Hour has moved sot stetaltly, and Auterkan parcels Ino realtseil IN per I,Hr-el more money. t:tosi.tattl—Wheat, Essex tool Kent white, gas to falle ; r , 4144 to :es ; Norfolk and Lincoln red,l;:ie to Tao. Malting bar ley, 4ls to 411. ; grinding ditto, 3Sa to Ma; distilling, :17% to 3114. Malt, Ms to ;le. Feed oats, 21;st to Vs; potato. 2se to ale. Ilya, Noe to 4tle. Tick beasts, 41'. to Mrs; pigeon, ele to Wis. they peas. MIN 41 44. ; maple, 4211 to 47a ; white boilers, I.la to 1174 per quarter. Town.titade flour, 63a to 711; eumary narks, Ns to Cis per 28011 es. IA 61 46 7 i 4 ra ARRIVALS THIS WEER. Wheat. Barley. Malt. Oats. Flour. I I 11l . . 1720 . . IWO . . 3:11 1 ) • • t'lo o Irish - • • —• •• Foreign .. 4 570 .. 17s0 5250 ski. n:00 Ws. LoNDON AVERAOF.9I DECLARFO oN FRIDAY — Wheal 1;3 quarters, irns 114; barley, 11,;:15 quarters, 41a 54; quarters, 4114 *.l; rye, 'miners, - ; beaus, U 4 (inert, re, :r.N 441; peer, :113 quarters, sae 34. IMPERIAL WEEKLY AVERAGEM--Weat, 70e; bar. ley, :17. 114; oats, Cos; rye, 441 4J; beaus h , 4t4 104; year. 4115 o;4, THE SIX WEEKS' AVERAGER--Wheat, 71s 84; Lairley, 40s 24 ; oats, 25s 74 ; rye, 43e Pal; beaus, bos , pees. 5214 lid. ENGLISH GRAIN MOLD LANT WEEKa—Wheal, 71.766 barley, 194,14#1; oat., .110, 0 SIS ; rye, 244; 4,700, quartvn. 837 03/ 04 04 94 03 94 917 i - .... ..... 5 N p late 04 :II -•• num 93 i ilidi 1