The Press. — London, England, 1857-01-31 00:00:00

116 cial circles. owing to the uncertainty that has prevailed as to the action of tne Bank in regulating the value of money. The stock of bullion has for many weeks now been ; during the last four or live days it has further fallen 0.1; and at the time this is written there ii no imme diate prospect of a cessation of the drain. The only means passes:wit by the Bank to arrest the outflow is by advancing the rate of discount. That some step of this character would he taken has been daily expected. Although the Bank has made no change, from the reasons disclosed i I the above comparison, the market remitine in tins p ,iition, and the greatest uncertainty still prevails as to the f iture. The Directors may, any day, resort to further re strictive measures, and it is known from recent practice that they will not hesitate to adopt them the moment the nee,sity tithes for it. On the Stuck Exchang e a good de mind has prevailed in connection with the Railway and Foreign settlements at six and a half and seven per cent. We have no arrivals of specie to report. Some amounts have come from the United States in transits for the Cmatinent, especially France, but none have been retained here, unless it be some silver from the north of Europe w.titing for transmission to India and China. Several vessels with Australian gold on board are about due, but there are no signs of them at present, and the large amount of Mexican silver, estimated at about b 00,0001., is fully ex pected by the West India mail steamer that is due to morrow. On the other hand there has been again a con s derabte drain upon the Bank for gold to send to the Con t.nent in r...yment for silver. hi the present week nearly Liq 01101. has been withdrawn for this purpose. It is pre sumed that the return of coin from Ireland has been large e-tough to neutridise the drain from this cause; but no dependence can be placed upon a merely internal move ment of this sort producing any permanent effect. Nothing but large imports, combined with a relaxation in the 'Minolta' demand, can now retain the stock of bullion in the Batik at a satisfactory amount. Peri, let. ers mention the probability of n Government loan for 4,0tki,000i., but it is scarcely credited on this side. It is now almost settled that the capital of the Bank of France will be increased, but to what amount is not known. Money is in great demand in Paris and in the principal manufacturing towns. The perplexities and uncertainties which have prevailed in the Money Market have induced most of the dealers in English Securities, especially those who operated fur the rise, to close their transactions, and wait for some favour able change. As a necessary consequence sales have pre ponderated, and a fall of fully one half per cent. has taken p 1 ice in Consols. The depression has been of daily oc c inence, and the decline gradual, proving that it has arisen not from a feeling of alarm, much less of panic, but solely from the adverse state of the Money Meeket. Last Friday Consols closed, for the account on the sth of February. at 9 . 11 to ; yesterday at 931 to }. The business of the week has been very languid. Indeed, we seldom realm bnr a time when less has been doing either for investment or upon speculation. The next account day is the sth March, and the rates for carrying over are aoont one half per cent. To day the market was again dull, and it closed at 9:1 to I, being a further decline of Railway Shares have been deals in to a very moderate extent, business being adversely influenced by the depres sion of Cahoots, and by the operations connected with the settlement now closing. In some cases of un exceptional character a slight improvement has been realised, but genet ally quotations may be reported as flatter than last week. Foreign Shares hare not attracted much attention. Turkish Six per Cents. are fully one per cent. lower. In Joint•atock Bank, Miscellaneous, and Mining Shares nothing of importance has occurred. Exchequer Bills have declined ss. Last Friday they we c quoted at dis. to 'Ss. prem. To day they We:d dealt in at 7s. to 2s. dis. Great commotion has been caused among the holders of American Securities by a judicial declaration in the Cali. furnian courts that the State debt of that territory is on. oonstiiutional and void. This debt amounts to (MAW., and a considerable portion of it is held in this country. Some hope is felt that the State Legislature may interfere, and by a legal act secure the rights of the public creditors. In the meantime no slight dismay has been created, and the credit of some of the other States iu the Union has been damaged. It appears from an official circular issued by the Crystal Palace Company that the frauds of llobsen, their late transfer clerk, amounted to 10,8961. in respect of pre. ference shares. 10,001. in respect of ordinary shares, at their par value, and 9141. in respect of receipts for season tickets. The shared of the company are to be converted into stock. The Bank of England have granted a bonus of ten per cent. on the salaries of the clerks in that establishment for the I ast year. The leading houses in the wine trade have inemoralised the Treasury to grim the privilege of bottling foreign wines in bond. An effort is also being wade by the Levant houses to obtain a reduction of the duty upon currants to Ins. per ton. The dividend for the past halt•year npon the South Western Railway Company's Stock is to be at the rate of six and a half per cent. per annum. With the previous dividend this makes six per cent for 11.;)0. A Tuscan railway, to connect the Lombardo-Venetian network with those proposed to be constructed to Ancona, Civitia Vecchia, Rome, and Naples. is announced. It is to be called the F.-nlinand Railway. The capital is 90:1,0001., of which 200,0001. is offered in London in 20/. shares. The concession is for ninety-nine years, with a guarantee equal to five per cent, from the Government, with whom any surplus above eight per cent. is to be divi c ed. A contract has been entered into for the con struction W.' the line for 732,0001. ; and the caution money, 48,000, has been deposited. THE PRESS. The Ontario, Simcoe, and Huron Railway Company of Upper Canada have failed to remit the lialfyearly dividend (.11 their debentures due the let of January, usually paid through the Commercial Bank. The Bank of Loudon have declared a dividend at the rate of five per cent. per annum. The proposed Mona Collieries Company will not be proceeded with in the form originally announced, and the deposits are to be returned. The capital was found to be too large, and a new organkation is contemplated. The Provincial Trade Reports of the week are on the whole satisfactory. BANE Or ENGLAND. An Account, pursuant to the Act 7th and Bth Victoria, cap. 32 tor the week ending on Saturday, the 2tth day of Jan.. 18$7. DMUS Dr/PARTYS/IT. Notes issued .... £23,941,693 tiovernmeut Debt £11.015,101 Other Securities .. 3,459,000 Gold Com * Bullion 9.466,03 Bil►er Bullion .... -- 513.5 11.C95 I BANKING IMPARTMENT. 123,..)11,095 Propristors'Capltalll4,ss3,ooo, Government Seen. Rest Public Deposita• 4.13:021 Dead WeiglitAn.) A 11.563.431 :/ther Deposits Seven Day it Mir Notes 4,351.730 Bills £32,09,904 t 32,800,902 • Including Exchequer, Commissioners of National Debt. Savings' Batiks, and Dividend Accounts. BRITISH FUNDS.— Closing Prices. OFFICIAL QUOTATIONS. I/fond. need. Wed. Thurs. Friday 3 per Cent.Consols ,934 # 93# 9.4 93i 193 Ditto for Account i on 9.4 f , 31 934 (•3 3 per Cents Reduced 94 94 34 1 93i # 934 4, 93# 3 per Cents ,344 4 944 3# , 94 34j 331 Long Annuities Bank Stock, 7 per Cent ) 1174 1315 74 415 71 3:74 Onanium Kxch. Bilis, 244. ;lp 1.1 1 24 par 34 3 I d Id India Uonds,(l,ooo4) 1 1 14 lld p FOREIGN FUNDS. Per Cent. Mond ~5 1"4 .5 113 .3 . C.7f kic Brazilian Punish Melt. (Fa 12 Gull. French w. 44 f Do. Bank Stock I —f. Mexican 3 21f Peruvian 4i Portuguese 4 Russian 5 Turkish Acc 6 24 - i 5 1 Antw. it Rttrdm. Belgian East. J. Dutch Rhenish East Indian.... Ot. Indian Pen. G.W.ofCan.,Bl2 Lyons 0 dladras Sa..tLge.(w.in ) Srthrn.of Nom. Trnk.Prf. Paris et Lyons Paris 8 Orleans ?aria tt Rouen RAILIVAIS— Aberdeen Birm.Woly.dStour Bristol aid Exeter Caledonian Chester and Holynead Cork and Bandon Cub:in* Belfast JUDO East Anglian Eastern UnioL(B) East Lancashire Eastern Counties Great Northern Gt. Sth. and Wet of Ire Great Western Lancashire& Yorkshire Lon.,Tilburyot S. Brkg. Lon., Brighton , tte Loudon and Blackwell, London and lirth•West Midland Newmarket Newry and Enniskillen Norfolk Nrtbrn. Counties Union, North British North Staffordshire North-Western Oaf., Wrestr., and Weir Scottish Central Scottish Midland South Peron South. Eastern and Dcw South. Western South Wales Waterford & Limerick MISCELLANZOCS— AustralianAgriculturall Canada Crystal Palace Crystal Palace ofFranee NorthßritishAus.Land Feel River Land & Scottish Aust. Invest South Australian Lane Van Distaan's Land ~J Turd. Wed. Thurs. Friday. 101 1114 611 i I C: tax tl: t ' 24 / . 67' Ws f efa f.' f. — t. 211 1 - - 108 j - , 61i 5 10 39 94 FOREIGN RAILWAYS Mond. Tuesday. li'ednes. Thurs. Fridn., I 6 1 6 6i 11 i 11 1 11 11 l a 1 id par i lOd f o ar lo p tOixitto 20i xikn 201 20 to, f J 4 3 241 3 :31 0 24$ I 1114 xi 29t 3u 201 . 304 194 311 291 30j xi DI A. 19$ I 19i j 'l l :71 i f 41 * I 74 f 8 . • ^ i 81 37% , ao 9 4 i 9 4, o 91 341 5 541 I 54 4 531 4 54 4 t 44 exii 54_ 5 ll_ 51 53 6 6J 5 SIAM. Ili. ; Tweed., WK. i 7*wr. -- -- -- 81 91 81 9:81 0,81 9 92 4'02 422 4 A 60j 1 801 1 801 1 604 36 74 35 7 , 38 aas b p , 181 9081 94 181 04 181 Of 30 2 20 a 3 :30 2 94 41 93 4193 494 3 *4 4; a l a 2 911 24 23 3 •93 g 23 4 :11 3 111 3':11 3'lll 3 f 041 6' 41•441 6 06 196 1 ,9G4 081 f ' -- 112 P 4 P 170, :12 3 112 3. 11 2 61 7 81 7 '4l j Of 7 108 4,106 1 196 1104 7 82 i 2 1 8=t 1 5 4 11 114 6 =I :: :: 32 4is 4 ,52 4 1 52 4 i3 l 14 34 14131 id 41 40 39 40 39 40 34 8j 81 ti J-; 5 411 , 3 41d i 4fdi 71 81 71 511 f ai 7f Oil 21 27 27 a 27 I 106 108 8 , 10 2 70 2 170 2 1 :0 - 2 17 817 AIT 8 117 0 721 41 .3141.74 j 741 j 1v4174 10817004j71 7 8 -- di 5 '64 6 84 6 0 4 1024 31 -- -- 123 ad 133 adl29 33 129 S 3 i 23 i 1 2 2 1 2 1 It 21 i !i 24 1 4j i I 'l i s It i , 2 1 1 l va 36 7161136 7d4 L3/0 64 7 16 7 I ei 9 )2 4 GOi 1 35 7 - p 18k Si 29 31 . 94 3 6 94 5 111 3 416; 6 364 I - P 11A 10 106* 1 l e n i 3 1 0 3'.1 4' 37 8 :03 8 :0 1: 104 74 al 5 122 $3 2 i I II 1 1 11 1 Si U I' Tlittropolitan flarlats. (Reported sxclusively for "Tas PAM.", SATURDAY, CORN EXCHANGE—onIy moderate supplies of English wheat have been reeelved tip to our market this week, coastwise and by land carriage. For all kinds the demand has ruled heavy, and prices have given will 2s to 4s per quarter, yet the market on Friday closed firmly. The imports of foreign wheat have fallen otf; nevertheless, that grain bus changed hauds slowly, at fully 2s per quarter less money. Floating cargoes have zoinutanded very little attention. We have to report a dull inquiry for barley, the value of which has fallen 2s per quarter. Malt, too, has gone rather easier. The oat trade has been in a sluggish state, and the quotations have hail a downward ten dewy. Both beaus and peas have ruled heavy, at Is per quarter less money. Tows-Mac flour has been una►tered; but country marks and American qualities have given way 2s per 2eolba and barrel respectively. The imports from New York continue ou • liberal scale. LNGLISH—Wbeat, Essex and Kent red. 40s to GO9; white, 50e to tit.s; Norfolk awl Lincoln red, 48s to GOs. Malting barley, 37. to 495; grinding ditto, 30$ to 325; distilling, 3thr to 3es. Malt, 62a to :7s. Feed oats, 21a to 255; potato, 25s to 325. lie, 35s to 40s. Tick beans, 329 to 345; Harrow, 36s to arts; 411 e to 429. Grey peas, 3:e to lots ; maple , 39$ to 40s; white boilers, Mit to 42s per quarter. Town-made dour, M$ to 60$; country marks, 33s to 425; housebolds,44a to 46a per 2tiOlbs. ARRIVALS THIS WEEK. Wheat. Barley. Malt. Oat.. flour. KllOlO.-2690 .. •210 .. 3120 .. 130 .. 2230 riih .. - .. 1,•80 .. .-: Foreign .. 1670 .. S;o30 0210 sks. 171190 bls. LONDON AVERAGES DECLARED ON FRlDkY—Wheat, 2,682 quarters. 62410.1; barley, 1,570 quarters, 40s : oats. 2,352 quarters, 24s 7d : rye, quarters, —; beans, 70d quarters, 11.1: peas. 178 quarters. 41s 3.1. 121PERIA.LWEEKLY AVERAGES—Wheat, 5Ss 101 bar. ley, 40s 1J; oats, 23s 8d; rye, 37s 0.1 ; beans, 40s Ad; peas, 32s TliE SIX WEEKS' AVERAGES—Wheat, 59s 24; barley, 44s 9d ; oats, 23s ld; rya, 393 3d; beans, 41a ad; peas, 404 ld. ENGLISH GRAIN SOLD LAST WEEK—Wheat, 10,3.F32: barley, 93,676; oats, 18,400; rye, 210; 6,G•i7 ; pea*, 2,.30 Quarters. _ . BREAD—The prices of wheaten bread in the metropolis are from Od to 90; of household ditty, 71d to 84d per elbs loaf TEA—Great excitement, consequent upon the receipt of war like news from China, has been observed iu our markt this week. Privately, as welt as at public 641 e, nearly all kinds have realised au advance of from lid to 2d per lb. Cougou, Is lid to 2s 9d; Ning Yong and Oolong, Is to 2s; Bouchoug, 1064 to 9s 61; Flowery Pekoe, 26 to is 6d; Caper,— to —; Scented Caper. is 2d to la Ilid; Orange Pekoe, is to Is 441; Scented Orange Pekoe, IP td to 2e Gd ; Twankay, 8d to Is 411; Hyaon Skin. 8d to Is GC Hypes, Is 83 to Ss fid ; Young Hysou, to 2. ill; twvenal, w 411 4d; Gunpowder, 10.1 to 36 GAI; Assam, Is 6.1 to 4s dd per lb. SUGAR—lntelligence having been received from the Mauri tius that two•thirds of the new crop have been shipped to A ustral.a—leaviug only one-third of the usually quantity to be forwarded to England--our market is very active, and an average advance of In per cwt has taken place in the quotations. West India has sold at 49s fid to 55s Cd; Bengal, 48s to 56a; Mauritius, 51s to 55a tid; and I lavaimah, s:s to ads per cwt. Refined goods move off briskly, at 62s Yd to 135 s per cwt. Crashed, both English and foreign, commands extreme rates. MOLASSES—The supply is limited, and the demand is steady, at from tls 011 to 2es per cwt. COFFEE—There is a fair, though not to say brisk. inquiry for all kinds of coffee, and previous rates are well supported. Good ord native Ceylon has realised Vis per cwt. COCOA—Dealers purchase s aringly, but we have no decline to notice in the quotations. Red Trinidaa,7 is to 7Gs ; grey, Otis to GMs; Granada, 704 to 74a; itahis and Para, GJs to 61s; Guayaquil, 64. 6il; and St. Domingo, Os per cwt. RlCE—Rather large quantities having been brought f irward this week, the trade has ruled hea.y. and prices have given way :3,1 per cwt. The stock is 0ve:46,000 tons. PROVISIONS—There is less doing iu Irish butter. and prices are rather lower than last week. English and foreign qualities move off slowly, at barely late rates. The bacon market is inactive, on former terms. Hams and lard are dull. COTTON—The transactions this week have been com paratively limited. In prices, however, we hare no change to notice. WOOL—The Liverpool wool sales having gone off briskly, at an advance of 2d per Ib, we have no eeilers except ou higher terms. The imports this week are 900 bales. If EMP AND FLAX—Hemp is dull, and Petersburg clean is freely offered at SW 10s per ton. In flax very little is doing, ou former terms. SALTPETRE—We have to notice a slight improvement in the demand fur this article. Prices remain unaltered. SPIRITS—The demand for rum is less active, yet the quota- tions are mostly supported. Proof Leeward., 2s Gd to as and East India, 2c ud per gallon. Brandy is rather dull, yet the finest old qualities cannot be purchased under 14s 4d per gallon. Malt spirit, proof, 11. 2d; Lleticva, as to 4. per gallon. METALS—There has been a moderate inquiry for Scotch pig iron, at late rates—viz., 744 6.1 to 74s cash. Speller has advanced to 20113 s per ton on the spot, and copper is Id per lb dearer. Tin supports late currencies. Sancti, 114 s to 14Ss; and Straits. 143 s to 110 i. Other metals are firm in price. HOPS—The show of •em'.lees is " I and about an average business is doing in MkOli Ida*. Mint area Vs quotations. Mid and East Kent • .4 , Weald of Kent., 31 Ss to 41 14s; Sussex, 313 s to 3118 s ; yearlings, 11 10s to 31 Ss per cwt. POTATOES—The supplier are tolerably good, and the demand is steady, at from tbs to laus per au. OlLS—Linseed oil, on the spot, has realised 401 to 40! lOs per ton. Most other oils, except rape, have ruled about stationary. Turpentine is rather eat, at 44s 6d to 40s per cat for spirits. _ _ TALLOW—P.Y.C., on the spot, has sold at 62s 6d per ewt. Town tallow, tOs Gd net cash. .bout IN/U easks have arrived this week. COALS—Tanfield Moor, 148 84; Eden Main, 17s 9d ; 13raddyll's,18a ; Hetton, 19s; Lambton, les Gd; Belmont, les; South Iletton, ltts 9,1; Stewart's, kris; Montague, IT. 64; Tees, 19s ; T,iddell , 164 94 per ton. METROPOLITAN CATTLE The supplies of stock on sale this week have been only moderate, yet the trade has ruled less active, sod prices have had a downward teneency. Hes 4 from 3s 24 to Is 104 mutton, 4s to Cis Gd; veal, as to 64 ; pork. as +id to Ss per Sibs to sink the offal. NEWGATE AND LEADENHALL—Each kind of meat has moved off slowly, as follows:—Beef, from Ss 10d to as 8d; mutton, 3s td to 4.10 a: veal, 4s to as ad; pork, 3s dia to is id per 81be by the carcase.