The Press. — London, England, 1858-10-23 00:00:00

THE PRESS, OCTOBER 23, 1858. sound discretion. In the closing scene, Rodenberg, t he intended victim of the female poisoner, no longer shocks the s ensibilities of the audience, and violates t h e c onclusions of medical science, by stalking forth c l a d in velvet, from the grim chamber of death, after months of bodily prostration terminating in a trance. When the clock proclaims that the Frankfort mer chant has not been poisoned, the curtain falls, and the audience thus arrives at the conclusion that he still lives by a process far less distateful than the sudden apparition of this much injured individual. So far, then, the denouement is free from that objec tion which elicited such unequivocal disapprobation on the first representation, and, thus modified, The Red Vial will doubtless prove attractive, though we are bound in candour to express our conviction that it will not enhance the reputation of the author as a dramatic writer. THE HAYMLIMET.—During the week Mr. Charles Mathews has continued to Dazzle crowded audiences iu London Assurance, and to prove the extent of the popularity which sometimes crowns- the efforts of a man who Would le an actor. Tne THEATRICAL, Gossip of the week furnishes a few topics worthy of note. Miss Louisa Pyne and Mr. W. Harrison have taken Covent Garden for three months, and will inaugurate their winter season in the new establishment at Christmas. Amongst the candidates for the lesseeship of Her Mikjesty's Theatre is Mr. E. T. Smith. We are happy to announce that Miss Amy Sedgwick is fast recovering her health. King Henry the Fifth is said to be the Shakesperian revival to be shortly produced at Sadler's Wells. a slight tendency in favour of responsible borrowers. On the Stock Exchange short loans have been made at one per cent. As might be expected from such a state of things, the policy of the Bank in maintaining the minimum at three per cent. has been freely canvassed ; and the Directors are still exposed to that peculiar kind of censure which is commonly administered by discarded friends. The same considerations, however, which we suggested last week as having possibly influenced their action, have lost none of their strength in the present. On the contrary, they have rather increased in force ; and we have no doubt that out of their existence a rule has been evolved which, if acted upon, will maintain the Bank minimum, so far as we can foresee, throughout November. The justifi cation for the present policy and practice of the Bank Directors is to be found in the circumstances which preceded the crises of 1847 and 1857, and they de serve the highest credit for the firmness with which, in spite of the violent attacks that are daily made upon them, they adhere to the course which expe rience no less than theory has conclusively proved to be the only safe one for the country, and the only right and patriotic one for the managers of a National Bank. The Times and the Overstone Party naturally enough kick desperately against a policy which practically daily contradicts their favourite doctrine that the Act of 1844, in enacting the separa tion of the Issue and Banking Departments, deprives the Directors of all influence upon the Money Market, and relieves them of all responsibility of management save such as they owe to their own Proprietary Body ; but every man who is free from the incubus of a begotten theory has long been made aware that the disposition of the mind of the specu lative and moneyed public is very largely influenced by the course which the Bank of England takes from time to time in dealing with its means and its deposits, and by its declaration with regard to the rate of interest. No enactments of Parliament, no devices of machinery can place the Bank of England in the position of Private Bankers ; and we rejoice unfeignedly to observe that the Directors appear thoroughly to understand what is the character of this Institution, and what are their own responsibilities. When the Times talks of the natural law of supply and demand, we confess we do not comprehend them. We had thought that the entire system has ever been and is artificial. The specie movements of the week have been somewhat numerous, but of no special importance. Gold has both been sent into and withdrawn from the Bank ; the imports have exceeded the exports, and considerable amounts have been purchased for transmission to the Continent, while rather large sums have been received from Russia. The general result has been slightly in our favour, though the stock of gold in the Bank has been diminished, as stated above. The Funds have drooped during the greater part of the week. This has been caused by less demand from the public, and by apprehensions of lower prices owing to the continental demand for gold and the adverse character of the Exchanges. To some extent, also, it is attributable to the closing of spe culative accounts originally opened with a view to an advance, and to a few sales by bona fide holders. The banks have mainly employed their reserves in Exchequer Bills and India Debentures, to the exclu sion of Consols. Railway Shares are dull, and, with few exceptions, all lower. Consols, which left off this day week at Oeli to i, have occasionally stood at that quotation during the present week. But they have not been strong enough to reverse the adverse influences at which we have glanced, although the Government broker has been almost daily in the market. To•day they were principally affected by the state of the Exchanges, and by reports of an indifferent Bank return, and, after a very dull business, closed at kg to t. In the Foreign Market the'principal feature has been continued firmness in the new Turkish Loan, though yesterday and again to-day the highest prices were not maintained. Railway Shares, with the exception of Great Northerns, are about one per cent. lower than this day week. The absence of investments, and the fall in the traffics of some of the principal lines, are among the causes of the decline. Banking Shares remain good, although it is known that some establishments have a declining business in discounts. Atlantic Telegraph Shares were done to-day at 360. . The Continental Exchanges are on tho whole slightly higher than this day week, though they were not very favourable to-day. The ample supplies of money continue to tell upon the price of Exchequer Bills. The March issue were last Friday at 355. to 38s. premium, but today they were at 425. premium. The June, which last week were at 275. to 30s. premium, are now at 31s. to 345. premium. The negotiations for establishing the proposed Bank of Turkey are nearly complete, and it will be brought out under satisfactory auspices. 1 037 With re spect to the provincial trade reports, tb ey do not vary much from the character ascribed to them in our last. Improvement is still progressing, particularly in the iron and hardware branches. Bir mingham, Wolverhampton, and Sheffield, though each has some special drawback, are decidedly in fuller employment, and there is no complaining in their streets, although, from the multitude of ways into which labour in steel, iron, and other metals is divided, particular branches do not yet partake in the general progression. The Manchester spinners, and to sonic extent the manufacturers also, make some complaints; but it is not of a want of demand for their productions, for there is a good demand, but because they cannot obtain their own terms, and they allege the high prices of cotton in the Liverpool market to be the cause of their refusal to make con- cessions. Concessions in price, however, have been partially made ; but the bulk of producers still hold out, knowing that stocks are small, that consumption is preventing accumulation, and that they can pro duce cheaper than any of their foreign competitors. This conviction has compelled a declaration from some of the most far-seeing among them, that very shortly, some say in a fortnight, there will be a brisk demand at the manufacturers' own prices, and that the year will close with a decided revival of energy and enterprize. We see no reason either in the prospects of the Money Market, of the cotton crops, or of the consuming power of home and foreign customers, to doubt the accuracy of this conviction. The silk and linen trades are good ; and the shipping interests are in better spirits as the demand for freights is improving, and, in the present week, good terms have been obtained for vessels that for some tune past have been earning nothing. DUTCH FLOWER ROOTS. .1J THOMAS F. WILDING, Importer of Dutch Flower Roots from Haarlem, Wholesale Florist, 2, CHESTERFIELD STREET, KING'S CROSS, London, has now ready for sending out his celebrated BOXES, containing :- 24 fine named Hyacinths 12 Campernellen Jonquils 12 tine named Early Tulips 12 Scilla Siberica 12 Tournesol Tulips 12 fine named Gladiolus 19 Duc Van Tholl Tulips 12 fine named Iris Angelica 19 line named Ranunculus 12 tine named Iris Hispanics 12 fine named Double Ane- 12 tine named Narcissus moues tA) choice named Crocus 12 sweet-scented Jonquils 20 largest Yellow Crocus All warranted Dutch Roots of the best quality, which will be delivered (free of carriage) at any railway station in England or Scotland, and at all the ports of Ireland that have direct com munication with London, for Two Guineas. Or a box containing half of each of the above for One Guinea, which is the smallest quantity he can supply compatibly with hia wholesale business. AtAPPIN'S "SHILLING" RAZORS (Warranted good by the Makers) shave well for Twelve Months without Grinding. MAPPIN'S 25. RAZORS shave well for Three Years. MAPPIN'S 35. RAZORS (meltable for hard or soft beards) shave well for Ten Years. MAPPIN, BROTHERS, Qtrezzi's CCILIM Woess, Sheffield, and 67, KING WILLIAM-BT‘SZT, CITY, London; where the largest Stock of Cutlery in the World is kept. M A PPIN' S . d ELECTRO-SILVER PLATE TABLE CUTLERY. RAPP'S, BROTHERS, Manufacturers by Special Appoint ment to the Queen, are the only Bindleld makers who supply the consumer in London. Their London Show Rooms, 67 and 68, Kum WiLLIAM &rimer, London Bridge, contain by far the largest STOCK of ELECTRO-SILVER PLATE and TABLE CUTLERY in the World, which is transmitted direct from their Manufactory, Queen's Cutlery Works, Sheffield. Fiddle Double King's Lily Pattern. Thread. Pattern. Pattern. L. a. d. La. d. A. s. d. s. a. d. 11Table Forks, best quality 1 16 0 e 14 0 3 0 0 3 12 0 11 Table Spoons, do. 116 02 14 0 3 0 0 812 0 12 Dessert Forks, do. 1 7 0 2 0 0 2 4 0 214 0 12 Dessert Spoons, do. 1 7 0 2 0 0 2 4 U 1 14 0 12 Tea Spoons, do. 010 0 1 4 0 1 7 01 16 0 2 Sauce Ladles, do. 0.3 00 10 0 011 0 013 0 1 Gravy Spoon, do. U 70U 10 G 0 11 0 013 3 4 Salt Spoons (gilt bowls) 0 G S 0 10 0 0 12 0 0 14 0 1 Mustard Spoon, do. 0 1 8 0 2 6 0 3 0 0 3 6 1 PairSng&Tougs, do. 0 3 6 0 5 6 0 6 0 0 7 0 1 PairrishCarvers,do. 1 0 0 1 10 0 1 14 0 1 18 0 1 Butter Knife, do. 0 3 0 0 5 0 0 6 0 0 7 0 1 Soap Ladle, do. 012 0 016 0 017 6 1 0 0 6 Egg Spoons(gilt),do. 010 0 015 00 18 0 1 1 0 Complete Ser►ice .. £lO 13 10 15 16 6 17 13 6 21 4 6 Any Article can be had separately at the same Prices. One Set of 4 Corner Dishes (forming 8 Dishes), 81. Bs. ; One Set o(4 Dish Covers-viz., one 40-inch, one 15-inch, and two 14-inch-101.10s.; Cruet Frame, 4 Glass, 245.; Fail-Size Tea and Coffee Service, 91. 10s. A Costly Book of Engravings, with prices attached, sent per post on receipt of Twelve Stamps. Ordinary Medium Best! Quality. Quality. Quality. Two Dozen Full Size Table Knives, Ivory Handles I} Doz. Full Size Cheese Ditto 1 4 0 114 6 211 0 One Pair Regular Meat Carvers 0 7 6 011 0 olb 6 One Pair Extra-Sized Ditto One Pair Poultry Carvers One Steel for Sharpening Complete Service . 64 16 0 616 6 91t Masan. Mappin's Table Knives still maintain their unrivalled superiority. All their blades, being their own Shelleld menu. facture, are of the very first quality, with secure ivory handles. which do not come loose in hot water ; and the differenoe in price is occasioned solely by the superior quality and thickness of the ivory handles. MAPPIN, BROTHERS, 67 and 68, King William street, City, London. Manufactory, Queen's Cutlery Works, Sheffield. pug prket anD Qtxtg Nnititijente. FRIDAY EVENING. Tint return of the Bank of England for the week ending Wednesday last, the 20th inst., shows the following changes compared with that for the week preceding : Increase in Circulation Increase in Public Deposits Decease in Other Deposits Decrease in Securities Decrease in Bullion Increase in Rest Decrease in Reserve 515,476 Bullion in both Departments 19,276,560 Circulation, including Dank Post Bills 22,385,630 With the decrease mentioned last week, the total diminution in the stock of Bullion held by the Bank has teen, during the last fortnight, within a fraction of 40,000/. This is rather a significant circum• stance, and one calculated, in the present state of the Exchanges, to arrest expectations of a reduction in the current rates of discount, though the magnitude of the supplies will prevent any immediate tendencies in the opposite direction. Along wii h this diminu tion in the Bullion, the Reserve also shows a large falling off. This is mainly caused by the withdrawal of private deposits, which have to a large extent been appropriated to investments in Exchequer Bills and Indian Securities. In these respects the present return is unfavourable, though the condition of the Bank is not affected by the changes. It will be observed that, notwithstanding the payment of the dividends, the Public Deposits show a good increase, until they again stand at more than five millions and a half, with only one month out of the quarter expired. A satisfactoxy proof is thus exhibited of the readiness with which revenue payments are made; and indications are thus already apparent that the Chancellor of Exchequer will probably be enabled to discharge the outstanding portion of Exchequer Bonds without much, if any, inconvenience. The Money Market has greatly felt the effects of the dispersion of the dividends. Ordinarily a very large proportion of the supplies thus obtained are reinvested in different classes of securities; but this quarter there has been comparatively little done in that way, a fact) which we believe may be attributed to the circumstance of the best descriptions of securities being at high prices, while those of a se condary and inferior quality inspire but a small degree of confidence among prudent capitaiists. In this way it has happened that the very large propor tion of the capital which would under different cir cumstances have bee n i nveste d , b as b een placed w i th the bankers and brokers at very low terms, in the expectation that reviving commerce would cause such a demand for money that more could be made by so placing it than in any other way. Thus, the :banks a n d the brokers, already full, and unable to nci em ployment for what th ey h a d , h ave f oun d t h e i r stlipplits enormously incr ease d. U n d er t h ese circum tri , ces rates h ave d ecl i ned, until the best bills have been done at two per cent., and we have heard of one Ca se where even less was taken, though how much we do not know. The present rates are from two or two and one-eighth to two and a quarter per cent., with V CD 16 6 ailed utu- 1 "IC d les 30 In mesa 1) City, 1. • •