The Press. — London, England, 1858-09-25 00:00:00

T • THE CRYSTAL PALACE.—MIIe. Piccolomini's fare• well concert will take place at the Crystal Palace on Tuesday next, when a grand miscellaneous concert, comprising the principal features of her repertoire, will be given. The services of Signor Giuglini, and other leading krtistea from Her Majesty's Theatre, are also engaged for this occasion. Amongst the many novelties which we have to chronicle in con nection with the Palace, the most recent is the display of fountains by moonlight. pan iarktt Cttg 3uttingtntt. FRIDAY EVENING. Ms return of the Bank of England for the week ending Wednesday last, the 22nd inst., shows the following changes compared with that for the week preceding : Decrease in Circulation Increase in Public Deposits . . Deciesto , in Other Deposits Increase , in Government Securities Decrease in Other Securities I n crease in Bullion Increase in Rest Increase in Reserve Bullion in both Departments 19,134,065 Circulation, including Bank Post 20,775,364 Bills .. The principal features in this comparison are the large addditions to the Bullion, the Reserve, and the Public Deposits. The Bullion now exceeds nineteen millions, with every prospect of its amounting to nneteen millions and a half next week, while the notes in reserve approach thirteen millions. The Public Deposits ate more than 8,710,101/. —so that the Government account is in a very strong position. The Private Securities con tinue to run off, and the Bank is adding but little 0 its stock of Public Securities, notwithstanding the magnitude of the Reserve, the Directors making their purchases as moderate as possible. Although there has been a slightly-increased demand for capital during the week, it has not been of a character to affect either the supplies or the price. On the contrary, the supplies are enlarging, or, if not absolutely enlarging, more confidence is shown by those who have money to lend, while the price, upon the best parer, cannot be quoted higher than from 21 to 2i per cent. Trade continues to expand. In the manufacturing districts of Lan cashire and Yorkshire there is a wonderful degree of activity compared with the state of the same localities less than half a year ago. Their production is quite equal to that of the period just before the late col lapse, which is still reckoned as unsound and specu lative ; yet this unexpected degree of animation has been brought about without any material aid from the Money Market. This fact is in some quarters perfectly incomprehensible, and from the same quarters we hear no small wails upon the unprofit able returns of capital under such circumstances. Even in Birmingham, and some parts of Warwick shire and Staffordshire, and we may also add Sheffield to the list, though the feeling of depression is not entirely abated, they are erecting new workshops and warehouses. How could this be done, and who would have the courage to do it, if the prospects of the commercial future were so dismal as might be implied if we accepted all that is told us by the moneyed interests? The real truth is, that trade is emerging from the late crisis, tried and purified, more self.reliant, more natural, and less exposed to the contingency of losing its profits by discounts and rediscounts. In other words, it is profitable because there is a healthy domestic consumption, because credits are restricted to a minimum, and because a general foreign demand for nearly all descriptions of our manufactures is accompanied by the prospective opening of more than one or two entirely new markets in the East and on the shores of the Pacific. It is no wonder, therefore, that we see Eccumulations of unemployed money in the banks. This is the natural result of the character of the demand ; and we doubt whether, under present circumstances, any appreciable addition to the floating circulation of mercantile paper would arise even from a reduction of the Bank minimum to 21 per cent. It is said the Directors are restrained from making this reduction lest they should thereby encourage specu lation. This view is quite imaginary. They are restrained by no such motive : but, they are restrained by the fact that in the present condition of trade they would be making a useless sacrifice, for when traders are working upon their own resources, as they are now, they will not pay for that which they do not *am. We, therefore, do not. anticipate any fall in the Bank rates ; though we ars far from saying that a reduction m a y -not be made, now that the Bank of France has relaxed, and the supplies of money in the hands _of the p u bli c are a b ou t to be increased by the dispersion of the October dividends. But, if a reduction be decided upon, contrary to our expecta tion, we do assert., with some degree of confidence, PRESS, SEPTEMBER 25, 1858. that it will not encourage speculation in the real trade of the country. It will be attended with no effect in that respect, while the Directors will certainly seize the earliest opportunity to return to the existing rate. The Bank of France yesterday reduced the rate of discount from threo and a half per cent., at which it had stood since the 10th June, to three per oent. This movement will probably cause the Exchanges to turn more in our favour, the tendency of which will be to increase our supplies of bullion. We have received no particular amounts of bul lion this week except from Russia, which, for steam machinery, and for Lancashire and Yorkshire manu factures, is now one of our best European customers, and from which there have been specie remittances during the week to the amount of about 200,000/. The whole of this sum has been sent into the Bank, as well as the greater part of the stock left on hand at the close of last week. Whatever supplies may come in next week—and large amounts arc expeeted—they will be sent into the Bank, the stock in which has been augmented this week by more than 300,000/. In fact, the tendency is greatly in favour of a continuous accumulation of gold in the Bank, and the reduction made by the Bank nf France will increase it. Silver, however, is in more demand for the Continent. The dealings in Public Securities this week, and, indeed, in securities of all descriptions, have been characterized by extreme languor and dulness. More than one moiety of the members of the Stock Exchange are absent for the purposes of relaxation, and those who remain appear to have lost that bolt spirit of enterprize which is commonly supposed to be a leading feature in the characteristics of the class. At all events they are literally doing nothing. To speculate among themselves is scarcely a paying operation, and the public are neither Investing nor speculating. Hence the general quietness. Quotations, however, remain firm, and there are more Bulls than Bears. Consols have been at 971 to I the greater part of the week. Few investments have been made in them. To-day they closed officially at 97f to I, but, after regular hours, they were quoted at 974 exactly. Railway Shares have suffered a slight reaction in value, but there is no material difference between the prices of this day and this day week. Heavy shares were to day firm, particularly those connected with the manufacturing districts, owing to the progres sive increase in the merchandize traffic, but they did not close at quite the highest prices of the day. Atlantic 'Telegraph Shares fell at one period to 300 ; but there were transactions today at 320. Red Sea are quoted at d to if prem. India and Australia fto prem. The Stock of the Electric Telegraph Company has improved to 111. Miscellaneous, Banking, and other shares have all been quiet, without much change Exchequer Bills are quoted at 345. to 375. prem. for March, and Us. to 275. prem. for June. Great anxiety is felt for the official publication of the treaty concluded with China. The half-yearly dividend of the Great Western Railway of Canada is to be at the rate of four per cent. per annum. The Board of Trade returns fcr the month and eight months ending August 31st were issued yesterday. Although there is still a considerable decrease in the value of our exports, compared with those of last year, there is a progressive increase in them month by month : and there is every reason to contemplate them with satisfaction. The country Trade Reports, particularly from the woollen distric's, complain of the high price of the raw material interfering with purchases ; but these re presentations are only partial , and , genera ll y speaking, they have produced little effect upon business. In Manchester trade is very good, though high prices have restricted operations this week. From Btr• minghain, Sheffield, and the iron districts in general, the accounts continue to improve. THE ATLANTIC TELEGRAPH Colir.isijconsulted Mr. Varley, the electrician, as to the present state of their cable, and that gentleman his written his report. Mr. Varley tested the cable, and was able to discover that the defect which prevents the transmission of signals is so near the English coast as to be within 245 or :1110 miles of Valentia. He also has disco vered that the cable has not parted , the proof of which is that the copper wire remains continuous, and faint signals are received from Newfoundland. Mr. Varley also speaks of " another and more dis tant fault," the locality of which he cannot estimate without going to Newfoundland, but thints it not altogether impossible that some intelligible signals may yet be received through the cable. lle is of opinion there was something wrong on boaid the Agage memnon before a portion of t he cable was sub merd. A HANDSnME MARBLE MONUMEN,t is about to 1”. erected by Mr- T. Gatlin, the sculetor, in All Sou s' Church, Limgharn-plare, to the memory of Mr. W. R. Moore, of the Bengal Civil Service, joint magistrate and deputy collector of Mirzapoor, who was murdend 920 while on duty at that station. The monument, which is of white Carrara marble, is surmounted by an elegant carved figure of Grief and the family arms, and bears the following inscription:—" This tablet is erected to the memory of William Richard Moore, of the Bengal Civil Service, joint magistrate and deputy collector of Mirzapoor, whose mortal remains rest in the burial-ground of that station. He was the second son of Major J. A. Moore, formealy a Director of the East India C.unpany, and was among the early victims of the fearlul mutiny which desolated India in 1857, having been barbarously and treachenavily murdered on the 4th of' July, in that year, white in the execution of his duty. In all the relations bAti of public and private life his character was distinguished by features of uncommon excellence as a servant of the Government of India. His zeal, intelligence, and .iu igmenthad MOO for him the marked approbation and just confidence of his superiors, by whom his talents were acknowledged to be of such an order as qualified him t aspire to the highest officei of the State. As a son and brother the warmth and tenderness of his domestic affections endeared him not only to the hearts of his bereaved parents, but to every member of his a ti iced family, and to hi: surviving friends the remembrance of his unsullied purity and honour as a man, and of his warm and unaffected piety as a Christian, furnishes at once the only consotation and the strongest incentive to their grief for his untimely loss. He was born on the 28th of October, 1832, and died on the 4th of July, 1857, insthe 25th year of his age. ' His sun is gone down while it was yet day.'—Jer. xv. 9." Sin JOHN TRELAWINV, member for Tavistock, bas added his contribution to the autumnal speeches of parliamentary men, in an address to his constituents. It was chiefly historical, that is, a review of the events of last session. Sir John's opinion of the present Government is, that it cannot stand, as its members will not agree ; he also thinks that the next Govern. ment must comprise Lord John Russell, and that a comprehensive Reform Bill is a necessity. BIRTHS. CHICHESTER—On the 2lat instant, in Great Cumberland street, the Hon. Mrs. Freaeri7k Chichester, of a son. GUY—On the 16th instant, at. Corby, Lincolnshire, the wife of Wm. Guy, F. q., M. 0., of a daughter. SMITH—On the 19th instant, in Upper Grosvenor street, the wife of Dr. Tyler Smith, of a eon. SYNGE—On the Ilth instant, iu Cambridge street, Eccleston square, the wife of Robert Fol:tut Synge, Esq., Major Ist West India Regiment, of a son. VIALLS—On the 21st instant, at Castle•grnve, Hampton. De vonshire, the wife of Major Vialls, Into o!. the 45th Regiment, of a daughter. low Irflf T & Mira KER—WALPI NE—On the 2'at instant, at St. Peter's Church, Eaton.squara, Hobert Ker, Esq., of Argrenuan, N. 8., to Elizabeth Hester Rosario, daughter of the late Colonel James M'Alpine, of Eat on.square. M'ARTHUR—LARGE — On the ICth instant, at St. Mark's, Hamilton terrace, Captain Charles WAriliur, son of Major Geueral M'Arthur, to Lucy Fanny, daughter of Joseph Large, Esq., Assistant Surveyor of the Navy. TALBOT—BAYLY—Un the 13th instant, at the Church of Castle Macadam, John Talbot. Esq., D.L., of Mount Talbot, county of Roscommon, to Gertrude Caroline, daughter of Limit: Colonel S Ilayly, of Ilallyalthur, county Wicklow. DEATHS. BAYLIS— On the 19th instant, at Brampton, Mrs. Baylis, widow of Thomas Baylis, Ell., aged 90. BROOKE—On the 15th instant, at Holyhead, Colonel Homy Vaughan Brooke, C.B , aged 60. MAYHEW—On the 20th instant, at King's Standing, Stafford shire, Margaret, wire of Henry Mayhew, Esq. PRI NCEP —On the 1 yth instant, at Appleby, Leicestershire Miss Princep, aged 34. RAPER—on the 16th instant, at Rath. Christian Mary, wife of Lieut.. Colonel Raper, Hoe-court. Herefordshire. THAT f —On the 17th instant, in H am ilton-terrace, bt. John's wood. Benjamin Trott, Esq., aged 65. VAUGHAN— On the 16th instant, at lihug Corweu, Lady Vaughan, wife of Sir Robert Win. Vaughan, Ran., aged 47. WATSOFrances N—On tbe 16th instant, at Portiallead, neer Bristol, Penelope, daughter of the law Colonel Watson, of the Bengal Army. FROM THE LONDON GAZETTE. Tueedny, Sept. 21. • BANKRUPTS. —EDWARD TFIOXIS OLOYCR, Bull's Head court, Newgate-street, stationer—liENßY SIILNIER CoCKBURN, Tottenham-court•road, tobacconist—EDWlN Loosnow, Hitchin, carriage builder—PßA/ices EVANS BATIA,Y, Birmingham, eating. house keeper—H. N. HOBDAY, liiriningham tinplate worker—J., FORD, Wolverhampton, butcher-JOHN HARORKAYSS, Bl adford- Yorkshire, coal merchant—MAßY Olid GEOROE GOWLAND, Liver, pool, chrotometer makers—ROWLAND PARKINSON, Blackburn innkeeper. SCOTCH SEQUESTRATIONS. —Rosser M GAW, Kilstay, fanner—ALt xANUKR Multi, Wrightill, Ayrshire, farmer —1 Hos. WARD, Glasgow, wine merchant—l . nwARD LIAR, Gourock, wine merchant—GEOßGE Wm. PHILLIPS, Nothesio bookseller — MARK Davis, Glaagaw ctothier—WALTZa FowuE, Edinburgh, tailor—JOHN WILSON, Cried. cattle dealer. Friday, Sept. 2t. BAN K RUPTS.WILLIAM Harooon, Southampton, Iron monger—Ououou MURRAY Grant, Chespaide, wolf: tuanufac turer—GEouokOODPAllD, Berwick-80 eet Oi.t.rd•sti yet. licensed victualler—Jam:a Froweas, Cheltenham, grocer and tea deaIer—CHARLES ‘.11.1.1A1a WILBRAHAM, Charier•house•lnue. warehouseman and shoe dealer—J(l6llPN HALVAH, Itrnd lord. Yorkshire, sluff inanulaeturer—WiLLlAM BARRATT, Halifax, Yorkshire, plumber—STEpuus CONSTANTINA IiAL/TI I fiver. pool, ineurance broker, underwriter , and cummiasion A agent.