The Press. — London, England, 1856-04-05 00:00:00

I. 111 Imaill•d•IMMINP w_ , owing to the railway settle men t, i t was worth 'oils merit unqualified eulogium . In art, as in Salviani, a tenore robusto, and Signor Giuglini, also week, a good principle honourably carried out tenor, all artistes of high continental reputation. For fulTlyheeigdhitvipdeerndces n cent. Bank Stock, the Th ree per . 'merely triumph ; and true conservatism in the ballet, in which we suspect the house will alone sin the appeal to the suffrages of the succeed, there will be Rosati and Ferraris in the Cent. Reduced, the new Three per Cent. Annuities, ruon of the community being responded famous ballet of the Car:mire. the Long Annuities, and the Annuities ending in 1 and refined minds. Mr. Ella has estab- ROYAL PANorricoN.—Haydn's Creation was per- 1859, are all payable next week, and a good deal of t that chamber instrumental music, formed at this popular institution on Monday evening money will come into the market from these composers, executed by first-rate last, to commemorate the anniversary of the birth- sources. I a remunerative audience in the day of its immortal composer. The solos were The specie imports of the week have been large. , olitics, and art. It is to be hoped taken by Miss Ransford, Mr. W. Cooper, and Mr. They have amounted to 750,0001. The exports have ni will equally keep pace with Lawler, supported by a small but efficient chorus, been rather less than 500,000/. Of this amount musical appreciation, but there and accompanied by Mr. Cbipp's performance on the 384,585/. has been taken in silver for India and current notices of the day large organ. The entertainment was well received China, and about 130,000/. in gold, partly for the ealthy. Will not the utter by a large audience. Monday evenings are to be de- East, and partly for the Continent. The demand \torial opera-house mana- voted to sacred performances of a similar character. on the part of the Bank of France has abated, but critical notices on the an example to the ' lollt,a Blanket 40 Q, - itg 'ilitiligenct. executed or not according to circum s t ances . Ad v i ces kers and music pub- have been received of the shipment of about 250,0001. the first night of FRIDAY rozzNINO. in gold-dust from Melbourne and G ee l ong, i n the •rtar, at the burnt month of January. hers of applause THE Bank of England return for the week ending The announcement of peace, which was made on le on the stage, the 29th ult., shows the following changes compared Sunday, scarcely affected the price of Consols at all ; pit in a most. with that for the week preceding : but Railway Shares—home, colonial, and foreign—all the saddles ! Increase in Circulation no . pianist Increase in Public I)epnsits t there is Decrease in Other Deposits 'r, quite Decrease iu Government Securities 79,185 improvement of i upon the quotations of the pre called Increase in Other Securities ' that Increase in Bullion . 76,622 ported that the treaty of peace had been signed by the Increase in Rest .... ... Decrease in Reserve Bullion iu Both Departments Circulation, including Bank Post gradually declined, and have been steady at 931 to Bills ^his comparison shows several important changes. purchasers invariably offering whenever any attempt , e increase in the circulation is satisfactory, but has been made to throw them below 93. It appears, nower of the Bank with respect to its reserve of therefore, that the effect of the announcement of peace has been materially reduced. The diminution had been anticipated as far as regarded this market. Reserve, and the enormous addition to the For the Bth of May, the next account-day, the of private securities, which now exceed closing price yesterday was 931 to 1. To-day, for the `l., show the pressure under which the 10th of April, the closing price both for money and laced last week by the demand for money account was 93 to 1. the loan, and for commercial purposes. The advance in Railway Shares, in consequence of a the Public Deposits is attributable to peace, combined with continued good traffics, has e loan instalments; and the amount been equal on the average to three per cent. Yes the credit of the Government is terday, however, there was a disposition to realise 't to meet the dividends due next their profits on the part of the speculative class of upon the Bank for temporary operators ; but, though there was a good deal of appears to have been selling selling, the result did not materially depress the ex iew to maintain its reserve at treme prices of the week. It is probable, however, 'a rather below that amount that there may be some slight further reaction ; but moderate increase. it cannot be important, so long as the public continue ye demand, with but a to purchase for investment. 'k it was in demand Foreign Securities have been extremely active, and layment of the loan a large business has been done. The Turkish Six as arisen, in a great per Cents. have been as high as 103, but this price meet the commer- brought in numerous sellers, and they are now were extremely steady, though with an improving tendency at 1011 hills were gene- to 102. This Stock has been largely dealt in. The fewer sent to Four per Cent. Guaranteed has also been active, and An impres- transactions in it are recorded at 102. Mexican has ^s that we improved ;it is now 221 against 204 this day week. 'ely, now Sambre and Meuse Railway advanced 11. to-day, and 'in in all the Belgian lines are in demand. pro- Joint-stock Bank Shares are creeping up; but be business in them is languid. London and County till are attracting much attention from the fluctuations I l that have taken place in them. They have been done at 29 and 32. Miscellaneous shares are generally good. Austra ian advanced 51. on Wednesday, and 41. yesterday, 4 they are still in fair demand. The price tills week was 251 ; yesterday it was 34, and to-day 35. Foreign Exchanges are improving. railway calls for the month of April are an usual. They amount to 2,432,80'21., so - have yet been advertised. 'rnion of a house in the silk trade is The liabilities are not to any great Trade returns, for the month ending srv. show an increase of 2,093,3311. exports for that period compared ding month in 1855. Bat e of the most unfavorable of norts are uniformly favor de is gradually recovering he commercial accounts ter than usual. ' , AND. vd sth Victoria, cap. 3$ th day of March, 1556. It Debt 111,015,100 `ties .. 3.459,00 union 9,531.1070 _.... • •• ----. 124,306,970 871.521 , 63,1:d 9,7e0 36.3 • exertions merit unqualified eulogium. In art, as in politics, a good principle honourably carried out must ultimately triumph ; and true conservatism in music lies in the appeal to the suffrages of the thinking portion of the community being responded to by educated and refined minds. Mr. Ella has estab lished the fact that chamber instrumental music, by the great composers, executed by first-rate performers, finds a remunerative audience in the city of commerce, politics, and art. It is to be hoped that musical criticism will equally keep pace with the advanced state of musical appreciation, but there are some signs in the current notices of the day which are anything but healthy. Will not the utter failure of corrupt and dictatorial opera-house mana gers to compose their own critical notices on the musical public operate as an example to the notoriety-seeking picnoforte•makers and music pub lishers It is recorded that, on the first night of the performance of Timour the Tartar, at the burnt down Covent-garden Theatre, thunders of applause greeted the horses on their appearance on the stage, when a man suddenly sprung up in the pit in a most. excited state, and exclaimed—" I made the saddles ! I made the saddles! " In these days no pianist creates a sensation by splendid playing, but there is the pianoforte manufacturer, or his trumpeter, quite ready to call out—" I made the piano." Napoleon called us a nation of shopkeepers. In the name of all that is elevated in art, let us, at all events, keep the shopucracy out of our musical circles. TIIE NEW PHILHARMONIC opened their fifth season with a concert at the Hanover-square-roams on Wed nesday evening. The change train Exeter-hall to Hanover-square was certainly to be commended, but the inordinate length of the concert rather tried the patience of a crowded room. The programme opened with the overture to Egmont, finely played by an orchestra more powerful than delicate. The mag nificent grandeur of this overture is a high test of the quality of an orchestra, but in the performance of the fourth symphony, in spite of Dr. Wylde's care ful interpretation, the absence of pianos, and the want of clearness and precision in the orchestra, were very apparent. Two compositions of Mozart were introduced—one a sinfonia concercante in three movements, an allegro asaestoso, andante, and presto : the other the Litany in E fiat. The sinfonia, in the form of a duet, full of exquisite melody and grace, was played to perfection by Messrs. Sainton and Blagrove on the violin and viola, accompanied by the orchestra. The Litany, one of Mozart's earlier works, contains some superb choruses, but is loaded with florid roulades, unsuited to the present day. The solos were sung by Mme. Rudersdorff, Mr. Perren, and Signor Gregorio. The finest chorus is an old Gregorian chant, sung by the soprani and accompanied by the orchestra ; but the execution throughout was uncertain and far from satisfactory. Mendelssohn's concerto in G minor, played with his usual aplomb by M. Halle on the pianoforte, was a most magnificent performance. The other pieces included Auber's sparkling overture to the Domino Noir, the overture to Der Freischiitz, Spohr's scene from Faust, the chorus from the Ruins of Athens, and an aria from Fidelio (Rocco's song), sung by Herr Rotkansky, an alarming German bass, with a style about as heavy as his voice. The concert on the whole was successfullbut too long to be pleasant. Salviani, a tenore robusto, and Signor Giuglini, also tenor, all artistes of high continental reputation. For the ballet, in which we suspect the house will alone succeed, there will be Rosati and Ferraris in the famous ballet of the Corsaire. ROYAL PANorricoN.—Haydn's Creation was per formed at this popular institution on Monday evening last, to commemorate the anniversary of the birth day of its immortal composer. The solos were taken by Miss Ransford, Mr. W. Cooper, and Mr. Lawler, supported by a small but efficient chorus, and accompanied by Mc. Cbipp's performance on the large organ. The entertainment was well received by a large audience. Monday evenings are to be de voted to sacred performances of a similar diameter. week, owing to the railway settlement, it was worth fully eight per cent. The dividends on Bank Stock, the Three per Cent. Reduced, the new Three per Cent. Annuities, the Long Annuities, and the Annuities ending in 1859, are all payable next week, and a good deal of money will come into the market from these sources. The specie imports of the week have been large. They have amounted to 750,0001. The exports have been rather less than 500,000/. Of this amount 384,585/. has been taken in silver for India and China, and about 130,000/. in gold, partly for the East, and partly for the Continent. The demand on the part of the Bank of France has abated, but several orders to purchase remain on hand, to be executed or not according to circumstances. Advices have been received of the shipment of about 250,000/. in gold-dust from Melbourne and Geelong, in the month of January. The announcement of peace, which was made on Sunday, scarcely affected the price of Consols at all ; but Railway Shares—home, colonial, and foreign—all advanced, and miscellaneous securities of every de scription improved, some to a considerable extent. Consols closed on Saturday at 92 to 93, being an improvement of 1 upon the quotations of the pre vious week. On Monday, when it was officially re ported that the treaty of peace had been signed by the plenipotentiaries in Paris, they advanced from 931 to 931 to f, the highest point they have yet attained for the April account. From 931 to they gradually declined, and have been steady at 931 to 1, and 93 to 1, the fluctuations being nominal ; but purchasers invariably offering whenever any attempt has been made to throw them below 93. It appears, therefore, that the effect of the announcement of peace had been anticipated as far as regarded this market. For the Bth of May, the next account-day, the closing price yesterday was 931 to 1. To-day, for the 10th of April, the closing price both for money and account was 93 to I v. The advance in Railway Shares, in consequence of peace, combined with continued good traffics, has been equal on the average to three per cent. Yes terday, however, there was a disposition to realise their profits on the part of the speculative class of operators; but, though there was a good deal of selling, the result did not materially depress the ex treme prices of the week. It is probable, however, that there may be some slight further reaction ; but it cannot be important, so long as the public continue to purchase for investment. Foreign Securities have been extremely active, and a large business has been done. The Turkish Six per Cents, have been as high as 103, but this price brought in numerous sellers, and they are now steady, though with an improving tendency at 1011 to 102. This Stock has been largely dealt in. The Four per Cent. Guaranteed has also been active, and transactions in it are recorded at 102. Mexican has improved ; it is now 221 against 20/ this day week. Sambre and Meuse Railway advanced 11. to-day, and all the Belgian lines are in demand. _ . Joint•stoCk Bank Shares are creeping up; but business in them is languid. London and County are attracting much attention from the fluctuations that have taken place in them. They have been done at ;29 and 32. Miscellaneous shares are generally good. Austra lian advanced 51. on Wednesday, and 41. yesterday, and they are still in fair demand. The price tnis day week was 25•1 ; yesterday it w as 34, and to-day 35. The Foreign Exchanges are improving. The railway calls for the month of April are larger than usual. They amount to 2,432,802 E, so tar as they have yet been advertised. The suspension of a house in the silk trade is announced. The liabilities are not to any great amount. ROYAL ITALIAN OPERA.-Mr. Gye has announced the opening of the Lyceum Theatre with his Italian Opera company on the 15th inst. His engagements include Mme. Grisi, Mme. Jenny Ney, Mlle. Didiee, Mlle. Marai, Mme. Tagliafico, and Mme. Bosio; Signors Mario, Tambertik (for a few nights only, previous t.l his departure for Rio Janeiro), Gardoni, Graziani, Luchesi, Tagliafico, Polonini, M. Zelger, Signors Soldi, Mei, Herr Formes, Signors Ronconi, and Lablache. This is a powerful host, while M. Costa, with a diminished orchestra, continues as director of the music, composer, and conductor. For the ballet divertissement Mlles. Esper, Comba, Emma, Jena, and Cerito, with M. Desplaces, are engaged. One and all the above artistes have so far modified their terms, and submitted to sacrifices, as to be entitled to the high consideration of all. The following operas will be performed during the season, viz. :—Rigoietto, La Gazza Ladra, Otello, II Trovatore, Mat.rimonio Segreto, Il Barbiere, I I'uri tani, Norma, Lucia, La Favorita, Fidelio, Don Giovanni, It Conte Ory, L'Elisir d'Amore, Don Pas quale, Lucrezia Borgia, and Verdi's new opera, La Traviata. Mr. Gye states that it is his intention to build a new Opera-house, with concert-hall and other accessories, and that he will shortly have the honour of submitting his plans for public inspection. HER MAJESTY'S THEATRE, it is announced, will also open on the 15th of May. Mr. Lumley is now in Paris making every effort to collect an opera com pany. Mr. Balte will be conductor, and several fresh importations in the way of singers may be antici pated. Among them are mentio ne d th e Pi cco l om i n i, who is at present the furore in Italy, Signor The Board of Trade returns, for the month ending the 29th of February, show an increase of 2,093,3311. in the value of our exports for that period compared with the corresponding month in 1855. But February 1855 was one of the most unfavorable of the whole year. The country trade reports are uniformly favor able. The Australian trade is gradually recovering from its depression, and the commercial accounts from India and China are better than usual. BANK OF As Account, pursuant to the Ai for the week ending on Swards INGLAND. t itli and tith Victoria, cap. 3$ I, the 29th day of March, 1856. notes Issued .... 424,306,970 Government Debt 111, 015,100 ISRUIC DTPILIATMENT. Other Securities .. 3.459, 00 Gold Coin tt Bullion 9,a31.r 70 Silver Bullion .... _ V 1,306,970 j £24,306.970 BANKING D 'mummer. Proprletors'Clipltsl4l4,s43,ooo Government Seen. Rest Public Deposits* 6,838,844 Deed Weight An.) £11.871.6 21 Other Deposits Seven Day .t other Notes g rygg, l ,o Bills 07,8423 12 Banks, COSUlthisioners of £37,134 . 2,142 • Including Exchequer, Ss Stimuli Debt, NandlDlTidend A pne,a Market 40 ditg FRIDAY EYZNINO. THE Bank of England return for the week ending the 29th ult., shows the following changes compared with that for the week preceding : Increase in Circulation Increase in Public Deposits 1,199.977 Decrease in Other Deposits Decrease iu Government Securities 79,183 Increase in Other Securities Increase in Bullion . 76,622 Increase in Rest .... ... Decrease in Reserve Bullion iu Both Departments Circulation, including Bank Post Bills This compari.on shows several important changes. The increase in the circulation is satisfactory, but the power of the Bank with respect to its reserve of notes has been materially reduced. The diminution in the Reserve, and the enormous addition to the amount of private securities, which now exceed 20,000,0001., show the pressure under which the Bank was placed last week by the demand for money on account of the loan, and for commercial purposes. The addition to the Public Deposits is attributable to the receipt of the loan instalments; and the amount now standing to the credit of the Government is sufficient to enable it to meet the dividends due next week, without calling upon the Bank for temporary assistance. The Bank appears to have been selling stock, probably with a view to maintain its reserve at above 0,000,0001., but it is rather below that amount now. The bullion shows a moderate increase. Money has been in active demand, with but a moderate supply. Last week it was in demand mainly in consequence of the payment of the loan instalments ; in the present it has arisen, in a great measure, from the preparations to meet the commer cial bilis falling due today, which were extremely heavy in all branches of trade. These bills were gene rally well met ; if anything, there were fewer sent to the notaries than for many months past. An impres sion appears to prevail in some quarters that we shall have money cheaper almost immediately, now that peace has returned, because gold is flowing in and the exchanges are better. It is highly pro bable that money will, to a certain extent, be cheaper, but not very speedily. There is still 1,500,000/ to be paid on account of the loan, all of which must be provided in the course of the present month ; and it must be remembered that even with the most favorable condition of the exchanges the amount of bullion in the Bank can but slowly increase. Allowance, too, must be made for the caution in making changes in the rates of discount which the Bank will naturally exercise in the critical period following a state or war, when en terprises are likely to be projected, which if encou raged unduly would absorb more capital than can be spared from the ordinary pursuits of commerce. It is a duty, therefore, in those who have the power of fixing the value of money to watch and repress ten dencies of this description, and at the same time to be extremely reserved in the adoption of measures calculated to stimulate production beyond the natural demands of trade. No doubt the Bank Directors, after the pending re-election, will take the whole subject into formal consideration; but, reascning upon data accessible to everybody, founded upon the political demands on the market, now and in prospect, the imports of gold, the requirements of commerce, and other circuinstalices which influence the value of money, it does not seem at all probbble that the rates can go lower than 54 per cent. for ,h next four months. It is, indeed, most likely tl they may remain at six per cent. for the whole of that period. Next week the Bank may equalise the rate of discount on two and three months' bills to ix per cent.; but beyond this the Directors will not ven ture to go until their course in the way of further reduc tion is perfectly clear. It will be seen from these considerations that though the existing pressure may be regarded as essentially temporary, a considerable period must necessarily elapse before we can expect discounts to be as low as they were this time last year. On the Stock Exchange money has been in good demand at six per cent. In the early part of the