The Press. — London, England, 1857-06-20 00:00:00

JUNE 20, 1857. poneg Vadat anb 6itg FRIDAY EVENING. THE return of the Bank of England for the week ending the 13th inst., shows the following cilanges compared with that for the week preceding : Increase in Circulation Increase in Public Deposits 567,097 Decrease in Other Deposits Decrease in Securities Increase in Bullion Increase in Rest Increase in Reserve Bullion in Both Departments Circulation, including Bank Post Bills This comparison is wholly favourable, and it fully justifies the policy of the Directors in departing from the stringent terms to which the market has been subjected for the last two months. The Bullion has largely increased, and it now amounts to nearly 11,000,0001.; while the Reserve has advanced to 6,612,0701. The position of the Bank, therefore, is one of great strength ; and it will further improve when the dividends are payable. The Bank of England have reduced the rate of discount from six and a half per cent., ct which it was fixed on the 2tl of April last, t, six per cent., and corresponding changes have been made in the rates for advances and deposits by all the banking and discount establishments. The last Bank return was sufficiently favourable to en courage a hope that a reduction was probable, and indeed an expectation of this sort was pretty generally entertained until Wednesday, when it disappeared upon a rumour that the Court of Directors were divided upon the policy, and that the majority were in favour of the six and a half per cent. rate. The change, therefore, was comparatively un expected, and it was considered to have been finally deter mined upon only by the statement brought down to last Saturday, of which the principal features are given above, and by the prospects of still improving returns as the divi dend payments are made. The reduction, as a matter of policy, has unquestionably given great satisfaction to the mercantile public, and in some quarters a belief is enter tained that it will be followed by the concession of a further half per cent. at no distant period. This is an oversan guine view. Our stock of gold must be largely increased and the yield and quality of the harvest be ascertained before such anticipations can be realised ; and it must further be remembered that the great establishments which command the market are strongly opposed to any step likely to be followed by a period of speculation. The Bank of France still maintains the rate of discount at six per cent., but it will probably be reduced in a few days to five and a half if not to five per cent. In the mean. time its stock of bullion is still increasing, and, as a preliminary to a reduction in the rate, the premium upon its purchases of gold has been lowered from 6 to 4 per mille. This will tend to maintain our supplies here. Money was in active demand in the early part of the week at full rates, but the supplies were equal to it. During the last few days there has been more ease, but to-day the inquiry at the reduced rates was rather active. The Continental Exchanges remain firm. The Bullion movements of ►he week have been less important than those of the previous two weeks. We have received from different quarters about 5311,5301., and the exports have reached 174,0001., and probably 200,0001. more may be despatched to France. To-morrow, however, about 1,142,6161. is to be despatched for India and China. This drain is now believed to have reached its maximum, but considerable amounts are likely to be sent away by the succeeding two or three packets. Consols have been stationary at nearly one price all the week, with an exceedingly languid business. Last Friday they closed at 931 to ex div., and the highest price of the week has been 931 to 11. They stood at 93 to k yester day, when the rate of discount was reduced; but the improvement caused by that circumstance was only one eighth, which was afterwards barely maintained. The last price, officially, was 93i to 1. To-day they opened and closed at 931 to an advance of one•eighth not having been maintained. _ The Railway Market has been flat in point of business, but since the settlement quotations have rather improved. A considerable advance has been established in the stock of the Manchester and Sheffield Company, in consequence of an agreement for an amalgamation with the Great Nor therm Company. By this amendment the former will gain an independent access to London, while the latter will secure a good deal of the carrying trade of the North, including a not inconsiderable branch of that with some of the Baltic ports. London and North-Western stock has been heavy. French shares are recovering, and so are Canadian descriptions. More business was done to-day, and the tone was better. Great Western Stock improved five-eighths per cent. In the Foreign Market, the principal feature has been an improvement of from one-half to one per cent. in Russian and Turkish Stocks. Business, however, is dull. .Joint•stock Bank Shares remain very dull. Ottomans have obtained a further improvement, and are now quoted at to 4 prem. The Discount Companies are without alteration. _ _ Mining Shares and Miscellaneous Securities have been extremely dull all the week. BRITISH FUNDS.— Closing Priors. OFFICIAL QUOTATIONS. 3 per Cent.Consols Ditto for Account 3 per Cents Reduced .. • • 3 per Cents Long Annuities Rank Stock, 7 per Cent New 24 per Cent Annuit ...xch. Bills, 21d... (Juno) Indiaßonds,(l,oool.) roneL i Tuesd. Wed. , 77turs. Friday 93 i - I 93t 94 3,03 i 3i 924 t, 92i 92? I 923 393 I 92i - 12 3-162 7.16' 214 21211 - !9:11 ! 93k 1 92 4 1 1 92i 1 92 3 1 - 2121 214 12} 3d 1p 2dj 3d RittropoWatt Markets. (Reportedexclusivelyfor "Tea Pazes.") CORN EXCHANGE—OnIy moderate supplies of English wheat have come to hand this week, coastwise and by laud carriage. For all kinds there has been a good consumptive demand, at an advance in the quotations of from 2s to 3s per quarter. Foreign wheat—the imports of which have con tinued very moderate—has produced 2s per quarter more money, with an improved inquiry. All floating cargoes have been held for higher rates. Very little barley has appeared in the market, and it has mostly sold at full prices. The malt trade has been dull, but without leading to any change in value. For oats there has beau a steady demand, at extreme quotations. Both beans and peas have ruled less active ; but flour has advanced fully 2s per 2801bs. The supply of American is very limited. ENGLISH—Wheat, Essex and Kent red, 53s to G2s; white, 54s to 735; Norfolk and Lincoln red, ble to 61a. Malting barley, 36s to 48s ; grinding ditto, 23s to 30s ; distilling, 35s to 88s. Malt, G2s to 78s. Feed oats, 20s to 225; potato, 23s to 28s. Rye, 32s to 365. Tick beaus, 32s to 345; Harrow, 338 to 365; pigeon, 38s to 40s. Grey peas, 362 to 398 ; maple, 38s to 40s ; white boilers, 368 to 41a per quarter. Town-made flour, 52s to 545; country marks, 44s to 478; households,46a to 48s per 2801bs. ARRIVALS THIS WEEK. Wheat. Barley. Malt. Oats. Flour. E uglier 2610 .. .. 4250 .. 10 .. 1640 Irish Foreign'..l26:2o .. 6790 26210 .. 180 sks. bis. LONDON AVERAGES DECLARED ON FRIDAY—Wheat, 3,374 quarters, 635 611 ; barley,74 quarters,37a 101 ; oats, 1,601 quarters, 25s 44 ; rye, 6 quarters, 345; beaus, 343 quarters, 41s 10d: peas. quarters, IMPERIAL WEEKLY AVERAGES—Wheat, 60s ; bar. ley, 58s 94; oats, 26s sd; rye, 365; beaus, 44s 3d; peas, 42s 11d. THE SIX WEEKS' AVERAGES—Wheat,67s Ild; barley, 425; oats, 25s 24 ; rye, 40s; beans, 43s sd; peas, 41s 4d. ENGLISH GRAIN SOLD LAST WEEK— Wheat ,115,102 barley, 1,888; oats, 9,285; rye, 25; beans, 3,608; peas, 670 quarters. BREAD—The prices of wheaten bread in the metropolis are ad to 85d; of household ditto, 64 to 75d per 4lbs loaf, TEA—The show of samples is tolerably good, and the demand is steady, at fully the late advance in the quotations. The following are present rates :—Congou, is ld to 2s 4d; Ning Yong and Oolong, is 24 to '213; Souchong. is Id to 28 6d; Flowery Pekoe,2s to 4s 91; Caper,— ; Scented Caper, Is 3d to is 10d; Orange Pekoe, is 2d to is 4d; Scented Orange Pekoe, Is 4d to 2s 44 ; Twankay, 9d to is 3d ; Hyson Skin 8d to Is 2d: Hyson, Is 4d to 4s; Young Hyson, 101 to 2s 4d; Imperial, is to 2s 4d; Gunpowder, 104 to 3s 6d; Assam, is id to 4s 4d per lb. SUGAR—Great heaviness has prevailed in our market throughout the week, and prices have given way 2s per cwt. West India qualities have changed hands at Ws to 635; Mauri• tins, 66s to 625; Madras, -47 s to 56s per cwt. Floating cargoes of sugar have ruled heavy, and refined goods have been much neglected. l'ricea of the latter have ranged from 69s to 74a per cwt. Crushed sugar—both English and foreign—has com• manded very little attention. COFFEE—Since our last report nearly all descriptions have changed bands steadily, at from 6d to is per cwt more money. Good ord native has found buyers at 6613, and very fine plants , tion at 102 s 6d per cwt. COCOA—Our market is very firm, and extreme prices rile in every instance. At public sale grey Trinidad has sold at 81s to 88s; fair to fine red, 90s to 100 s; Granada, 78s 64:i to 818 per cwt. Several parcels of Carupeno have been taken in at 1505. RICE—The transactions in this article have been only moderate. Prices, however, aro freely supported. Bengal, 10. lid to 14s 6d; Madras, 109 Gd to 115 64; Cargo, 10s 631 to lls per cwt. PROVISIONS—Irish butter has sold steadily, and prices have had an upward tendency. Foreign qualities are very firm, and 2s to 4s dearer. English butter has advanced 2s per cwt, with a fair demand. In hams, bacon, and lard, a steady business is passing. COTTON—About 9,000 bales have found buyers this week, at fall prices. HEMP AND FLAX—For hemp we have to report a slow sale, on former terms. All kinds of flat are dull, but not cheaper. Jute and Coir goods are held at full prices. WOOL—This week's imports are only moderate. For all kinds of wool we have still to report a slow inquiry, at the late decline in value. About 40,000 bales of colonial are now in warehouse. SILK—The transactions in this article are chiefly confined to limited parcels, on former terms. HAw—Fussombrone, best, 375 to 41s ; second, 34s to 365. Bologna, 32s to 355. Lom bardy, best, 37s to 41s; second, 345 to 375. Trent, best, 365 to 39s ; second and inferior, 33s to 355. Naples, best, 865 to 33s ; second, 345 to Us. Sicilian, 31s to 375. OROANZINIC—Pied mont, 22.24 deniers, 43s to 445; 24.28 aitto, 41s to 435. Milan, Bergam, 20.22 ditto, 41s to 44s ; 22.20 ditto, 39s to 42s ; 26.30 ditto, 37s to 10s. TRAM-20.24 deniers, 403 to 44s ; 21.26 ditto, 37s to 40s; 26.30 ditto, 355 to 38s per lb. SALTPETRE—There is very little inquiry for this article, but we have no actual fall to notice in prices. SPIRITS—Most kinds of rum move off slowly, and the quotations are barely supported. Proof Leewards, 2.s 9d; East India, 2s 9d per gallon. Brandy is dnll, yet the finest old parcels cannot be purchased under 17s 1041 per gallon. In malt spirit very little is doing. METALS - Scotch pig iron has sold slowly, at 785 and 77s 6d cash. Most manufactured parcels are dull. Spelter, on the spot, 301 58 to 30/ lOs per ton. Tin is dull and drooping, and tin plates are offering on easier terms. Quicksilver, is 111 d per lb. HOPS—The accounts from the plantations are not very favourable, and the duty has been called 115,0001 to 120,0001. Most kinds of hops are in fair request, at full quotations. Mid and East Kent pockets, 31 lOs to Si 15s ; Weald of Rents, 31 55 to 31 158; Sussex, Si to 31 155 ; and yearlings, 11 10s to 31 per cwt. POTATOES—The supplies continue rather extensive for the time of year, and the trade is heavy, at from 255 to 110 s per ton. _ _ _ OlLS—Linseed oil has sold freely, al 401 5s to 401 108 per ton. ioreign refined rape, 531; brown, 501 10e; English, ditto, 501. Olive is cheaper, and Mogadore may be had at 501 to 521. Turpentine is firm. English spirits, 43s 6d to 445; American, 45a 6d per cwt. TALLOW—The business doing is limited; yet prices rule high. P. Y. C., on the spot, 60s: for the last three mouths, 57e perewt. Town tallow, 57s net cash. COALS—Hastin'gs Hartley, 168; Walker Primrose, 15s 3d; Eden Maio, 158 9d; Larnbton, 16s 9d; South Hetton, 178; Stewart's, 17a; Cassop, 15s Od; Tees, 178; West Benue, 15e per ton. METROPOLITAN CATTLE The supplies of fat stork on sale this week have been tolerably good, and the trade has ruled less active, as follows:—Beef, from 38 24 to 4s 8d; mutton, 3s to 4s 104 ; lamb, 5s dd to 6s 81; veal, Os 8d to ss; pork, 3s 8d to is per 81bs to sink the offal. NEWGATE AND LEADENHALL—These markets have been somewhat heavy, and prices have had a downward tendency. Beef, from Its Bcl to 4s 4tl ; mutton, 2s 10d to 4s i;1; lamb, be to 6s; veal, 3s 61 to 4s ; pork, 3s td to is per 81104 by the carcase. FROM THE LONDON GAZETTE. Tuesday, June 16. ....... BANKRUPTCY ANNULLED.—Jamw.s ALLURED, Norwich, tailor and outfitter. BANKRUPTS.—DANIEL PINKSTONE, Golden Lion, Great Charles-street, Birmingham, licensed victualler Louis PHILIPPE RESIT FENWICK DE PORQUET, Felle/2UP:di-Street, City, dealer in agricultural implements—JOSEPH DonsoN the Younger, Wormley, Herta, Russia merchant—WlLLlAM TYERS, Nottingham, joiner and builder—JOHN CARLESS, Lamburnam Inn, Barton-terrace, Gloucester, coal merchant and Innkeeper— Wm. KEIGHLEY, S. KEIGHLEY, and JOSEPH KEIOHLEY, Keighley, Yorkshire, worsted manufacturers—Wm. JOHNSTONE, Lower Church-street, Whitehaven, Cumberland, currier. SCOTCH SEQUESTRATIONS.—RONALD WRIGHT, Glasgow, grain and provision merchant—JOHN MOWATT, Glasgow, draper —ALEXANDER GILLISPIE, Jamaica-street, Glasgow, ironmonger —GEORGE MORGAN SALMON, Falkirk, writer. Friday, June N. _ _ _ BANKRUPTS.--CHARLES WORTERS BROUGHTON, Southamp. ton-street, Covent•garden, taiIor—WILLIAM RAWLE, Llverp 901 broker—THOMAS B. COOPER, York-place, Old Kent•road, buddeti —WILLIAM E. PiNcorT,Cardiff,left dRiIIeD—FREDERICK BAXTER, Nottingham, silk throwster—WlLLlAM WAYRE, Oxford•atreet, mantle warehouseman—EDWAßD BELTON, Worcester, inn keeper—WALTEß LODGE, Huddersfield, cloth manufacturer—. EDENEZF:R PRICE, Plaistow, upholsterer—WlLLlAM Boon', UpperWhitecross-street, timbermerchant—WlLLlAM REYNOLDS, Pontypridd, Glamorganshire, draper—WILLIAM STOCK, Newton, Lancashire, glass manufacturer—WlLLlAM GIFFORD, St. Ives, Huntingdon, saddler and harness maker—HENRY RiMINGTON, Fenchurch•etreet. gas-titter. SCOTCH SEQUESTRATIONS.—ANDREW MOWATT, Glasgow. sewed muslin warehouseman—JOHN AFLYCK and Co., Glasgow*, auctioneers. THE PRESS. BANK OF ENGLAND. Au Account, pursuant to the Act 7th and Bth Victoria, cap. 32 fur the week ending ou Saturday, the 13th day of June, 1057. HOWIE UFPARTMENT. Notes Issued 1 Government Debt 411,015,100 Other Securities .. 3,459,900 Gold Coin & Bullion 10,221,975 Silver Bullion £24,696,373 £24,64376 BANKING DS Proprietors'CapitalCl4,3s3,ooo Rest Public Deposita* 7,813,988 Other Deposits Seven Day tt other Bills Government aeon• rities (including Dead Weight An.) 410,326 131 Other Securities 18.679,198 Notes 5,92090 Gold it Silver Coin 687,880 435,617,399 £35,687,599 • Including Exchequer, Coiumissioners of National Debt Savings' Banks, and Dividend Accounts. Thurs., 100 Friday. 100 i 1651 i! 68f 55c f c' 198i - 8 f a f a FOREIGN FUNDS. Per Cent. Mond ,Tuesd. Wed. 100 Brazilian Uenieh 5 ()Leh. ( 12 Guil )24 French 3 C 5 '69:45c, f. 22i 83 ! I l ektif 80c I t e: Do. 4e Do. Bank Stook Mexican Peruvian 4/ Portuguese 4 Russian Spanish Turkish Antw. & Rttrdm. Belgian East. J. Dutch Ithehish East Gt. Indian Pen. G. W.of Can.,Sh Lyons & Geneva Madras Namur& Liege Nrthrn.ofFrno L Sorw. Tralt.Prf Paris & Lyons Paris & Orleans Paris) Rouen ' .6af 73c I 771 -41 I -- 98 9: 95 ...3 26 421 1421 cc. 6 961 1 961 954 31 961 11 FOREIGN RAILWAYS, Mond. Tuesday. Wednes. 61 l 61 7 4 11 1 11 1 11 61 1 2 lid ,2 lid 2 lidis 108 9 1108 2 108 3 21 1 21 1 211 1 23 221 3 221 3 291 30 291 30 29 30 19 20 19 20 19 20 8 1 8 81 8 381 9 38i 1 861 1 84 0/ 81 91 81 9 581 59 681 581 57 50 57 59 57 8 6 a 1t 2 lid 108 10 33} 29 30 10 20 gi i 1 1 381 9 3e Of 58f 3 57 9 Ci 7 1 2k 8 lid 10 10 21k 23 % 29 30 19 20 4 4 .) * 84 9k 59 L 7 9 BIRTHS. CROSSLEY—On the 14th instant, in Eaton-square, the wife o Frank Crossley, Esq., M.P., of a son. HOBART—On the 101 h instant, in Eccleston•sgnare, the Hon. Mrs. Frederic Hobart, of a son. MOSTYN—On the 13th instant, at Talacre, Flintehire, the Hon. Lady Mostyn, of a son. STIRLING—On the 16th April, at Poona, the wife of Major Stirling, H.M.'s 64th Regt., of a daughter. THOMAS—On the 13th instant, the wife of Sir Godfrey J. Thomas, Bart., of a sou. WARBURTON—On the 14th instant, at Winchester, the Ilcia; Mrs. William Warburton, of a son. MARRIAGES. BROWNE—TYLER—On the 13th instant, at St. Nicholas, Gla morganshir.3, Captain George Richard Browne,Bith Connaught Rangers, to Louisa, daughter of Admiral Sir George Tyler, of Cottrell. Glamorgan. BYNG—GUBBINS —On the 9th instant, at St. James's Church, Piccadilly, Captain H. Byng, R.N., to Mary, daughter of the late Lieut-Colonel Gubbins, FAWCETT—STAFFORD—On the 4th inst., at Paddington, William W. Fawcett, Esq., son of Colonel Fawcett of Craven hill, to Caroline Elizabeth, daughter of Robert Stafford, Esq. of Hydeliark-square. LAW—TURNER—On the 4th inst., at Banwell, James Adeane Law, Captain Bengal Service, son of the Rev. Chancellor Law, to Harriette Ellen Blachley. daughter of the Rev. W. H. Tur ner, vicar of Banwell. Somerset. RICKMAN—BAWER—On the 17th instant, at Paddington Major Win. Rickman, to Mary Pulaf.ird, daughter of the Rt. lion. W. G. liajter. M.P. SPOONER—MOSLEY—On the 9th instant, at Ail Souls Langham-place, the Rev. Edward Spooner, son of the Yen Archdeacon Spooner, to Octavia, daughter of Sir Oanal4 Mosley, Bart. 613