The Press. — London, England, 1856-09-20 00:00:00

were compelled to put on the screw in some cases in order to restrain the urgency of their customers; but the older concerns, whose connections are regular, and who can closely calculate the calls likely to be made upon them at any given time, were not at all disturbed by the commotion prevailing elsewhere. The demand indeed was stimulated by ordinary mercantile prudence. All who had bills of whatever class were desirous of discounting them before the rates were advanced, for the difference of a half per cent. is equal, in many transactions, to a profit or a loss ; so that this motive alone affected the market very ap preciably. Then, again, up to Wednesday many parties on the Stock Exchange and others were borrowers, to enable them to provide for the final loan instalment of 1,000,0001. which was paid to Rothschilds that day, and by them trans ferred to the Bank of England yesterday. So that these two causes alone, added to the ordinary demand from the general trade of the country—a demand which is rapidly growing in extent—produced a combination which naturally enough unsettled the market in the early part of the week. But a change for the better took place immediately it was known that the Bank had done nothing. The demand par tially fell off, and confidence in the maintenance of a four and a half per cent. revived. Today there was a continua tion of the improved tone, though there was still a mode. rate inquiry, and the Bank made considerable advances for short periods out of the I,ooopool. paid in on account of the loan. The specie imports during the week amount to about 390,0001. The exports, independently of the silver sent to India, have not exceeded 70.0,/0/. Those for India, by the packet which leaves Southampton tomorrow, are as follows To Alexandria „ Bombay „ Madras „ Calcutta SILVER. GOLD. .. £4,650 £181,850 .. 25,300 .. 3,850 219,385 .. Total Silver .. $426,535 Add Gold .. 8,500 Total Export .. £435,035 The Bank has made purchases of gold daring the week to the value of between 80,0001. and 70,0001. From the Continent there is still a good demand ; it is, however, showing symptoms of weakness; but now that the causes of it are more clearly understood, as arising from the in voluntary change from a silver to a gold currency in France, and the payments for the silver bought up through out Europe, it causes little or no apprehension for the safety of our own supplies. The several theories of the uses of the precious metals, as well as the effects of their more general diffusion in the commercial countries of the world upon the prices of commodities, are undergoing con siderable discussion. Meanwhile the practical effects of the vast dispersion now going on, though perplexing enough at the present moment, cannot fail being highly advantageocs to the commercial enterprise of this country. Consols, which left off last Friday at 91 to I for account, closed yesterday at 94t to I. The actual improvement was not much less than one per cent., as on more than one occasion quotations touched 95. For this advance we are indebted to the better feeling which animated the Money Market having induced considerable business from parties who anticipate considerably higher prices by the time the October dividends are in course of payment. To-day there was a reaction of a quarter, the last official price for account being 91 to 11. This was to be ex pected, after the late advance, even if the news from Naples were not sufficient to account for it. Exchequer Bills, in consequence of the want of money, declined on Wednesday from a premium of 14s. to 17s. to 13s. to 16s. This trifling change is not only a proof of the steadiness of these securities in an irregular market, but of the confidence felt in the highest financial quarters in the prospective value of money. Railways have quite recovered from the panic which seized holders some days befare the settlement of the last account; and we have now to report an advance of from two to three per cent. since this day week. The improve ment has been general, particularly in the heavier stocks. Supported as it is by increasing traffics, and renewed con fidence on the part of the public, we should not be sur prised to see some further flnct•iations, which we antici pate, will terminate in a steadily maintained rise of from one to two per cent. upon present prices. Soule of these fluctuations occurred to day. First there was a downward movement, which left prices fully a half per cent. lower than yesterday; but subsequently they re covered, closing steady, with little change from the maximum rates of the week. Great Western of Canada Shares were flat, but they rallied to some extent on the publication of an official notice from the English directors altogether repudiating the scheme for a southern ezten sion, the proposition of which has during the last month seri..usly deteriorated the value of this otherwise excellent property in the London market. In Foreign Securities there has been a partial recov. ry , but business in these descriptions is very much restricted at present. Old Turks, which a few days ago were dealt in at 101, rallied to 1031 yesterday ; but they went down three•eighths to-day. Russian stocks have only been ope rated in to a limited extent. Dealings in the shares of the Joint-stock Banks are now marked by great discrimination on the part of the in vesting public, consequently business has been rather less active. Most of the new concerns arc heavy, at lower prices than this dsy week. Miscellaneous Shares continue dull, with no appreciable unnnivement. Crystal Palace Shares were heavy to-day, at ti to'. Toe half yearly dividend of the proprietors of Bank stock la four and a half per cent. free of income tax. The profits for the six months ending August 30 were 687,6721. After payment of the dividend the rest will remain at 3,033,5201. The directors were stated to be satisfied with the progress of the West•end branch. The City Bank and the Bank of London are to be ad. !flitted to the clearinghouse on the Ist October. The London and Paris Bank is to be wound up, the shareholders having declined, under existing circum• stances, to pay the calls necessary to commence business. The directors present for themselves as good a case to account for the failure of the undertaking as was possible out of the materials at their disposal. For the present all the payments are to be returned, with the exception of 31. per share, which is reserved until the expenses have been ascertained, and out of which there will probably be a further division. LONDON AND PARIS BANKING COMPANY. As extraordinary general meeting of the company was held this day at the London Tavern, Mr. Hamilton in the chair, for the purpose of considering the expediency of dissolvingthe company. The chairman, adverting to the altered state of public opinion with regard to joint-stock banks, since the undertaking had been commenced, and the consequent altered position of the shareholders, considered it inadvisable to force the project against the opinion of a considerable nu.nber of the shareholders, and proposed the dissolution. He was seconded by Mr. D. Larnach, a large shareholder, and the resolution was adopted. . . . . . i discussion then arose on a proposition that certain shareholders should be associated with the directors in winding up the concern, which was put and negatived, after which the thanks of the meeting were voted to the directors, and the meeting separated. The course adopted by the directors is generally considered a prudent and wise one. THE PRESS. BANK OF ENGLANu. An Account, pursuant to the Act 7th and Atli Victoria, cap. 37, for the week ending on Saturday, the 13th day of Sept., 1856. 'PRUE DEPARTMENT. Notes issued .... 445,81.205 Government Debt £11,015,100 Other Securities .. 3,459,900 Gold Coln & Bullion 11,187,41 b Silver Bullion .... £25,9C2,415 rent &lett (including' reightAn.) 011.964 953 curities 10.924,279 ( Fitmolitan Riarlats. (Reported exclusively for "T nit Pains.") CORN EXCHANOK—Very moderate supplies of home grown wheat have come to hand this week, coastwise and by land-carriago. The demand for ad Kinds has ruled brisk, at au advance in the quotations of from 3s to bs per quarter. Foreign wheats have been in improved repent, at is to 2s per quarter more money. In floating cargoes more business has been trans acted, at extreme rates. We have had a very dull sale for barley, at a fall of from 2s to 3s per quarter. The malt trade has continued heavy, at barely stationary prices. Good s..und oats have been scarce, and in request, at full quotations. Inferior parcels have met a slow inquiry. Both beans and peas have sot! at NM week's currency. The flour trade has been tolerably addle, andcountzy marks have risen 2s to 4s per 2801bs. Km:mom—Wheat, Essex and Kent red. 64s to 695; white, 66s to 765; Norfolk and Lincoln red, 646 to 695. Malting barley, 39a to 475; grinding ditto, 33s to 87s: distilling , 39s to 41s, Malt, 62s to 775. Feed oats, 26s to 28s; potato, 28s to 335. Rye, 42e to 445. Tick beaus, 36s to 38s; Harrow, ins to 40s; pigeon, 40s to 445. Grey peas, 37. to 39. ; maple, 40s to 41s. white boilers, 42s to 454 per quarter. Town-made flour, 58s to 60s; country marks, 48s to 51s; households, 56s to Mas per 4801bs. 126.362.415 I BANKING GICPARTIIIINT. Proprietore'Capital/14,353,000 Govern' Rest Public Deposits' 6,609.292 Dead' Other Deposits Seven DaY & () the' Bills . , I Notes 6 210.7/6 2387,179 Gold B Silver Coin 663.896 £55,7,13, 1 452 • Including Exchequer, Commissioners of National Debt, Savings' Banks. and Dividend Accounts. £35,753,852 BRITISH FUNDS. Closing Prices. OFFICIAL QUOTATIONS. 3 per Cent.Consols Ditto for Account 1 per Cents Reduced 3 per Cents Long Annuities Bonk Stock, 7 per Cent Oinniutu Kxch. Bills, 2id. India Bonds, (1,0001.) , FO] Per Cent. Brazilian 6 I Danish 5 Dtch. (Fa 12 Guil )2i French .I - Do. 44 !:Of 70c r f c f. OS 70f 7043 f ci LI '74Y 75c1 f Do. Dank Stock Mexican Peruvian Portuguese 4 Russian 5 Spanish 3 Turkish Acc.6 R►tLWAle- Aberdeen Birm. Wolv.& Stour Val Bristol a:id Exeter Caledonian Chester and Holynead Cork and Bandon Cuban # Belfast Juno. East Anglian Eastern !Mot (B) East Lancashire Eastern Counties Great Northern Gt. Sth. and Wet of Ire. Great Western Lancashire& Yorkshire Lon.,Tilbury,tt S. Brkg. Lon., Brighton, &c London and Blackwell London and Nrth-West Midland Newmarket. Newry and Enniskillen Norfolk Nrthrn. Counties Union N or th British North Staffordshire North-Western Ozf., Wrcetr., and Wolv Scottish Central Scottish If 141 and South Devon South• Eastern and Dot. South. Western South Wales. Waterford et Limerid MISCELLANEOUS— Australian Agricultura Canada Crystal Palace Crystal Palace aglow North British A us. Lao Feel River Laud & IBM Scottish Aust. Inver, South Australian Lan. Van Diemen's Land (SG xd 41i :10 xcJ 41 1011 6 SHE Mond. II 9 19 111 79t :d l 444 44e :U1 = lu2i LRES. Tuesd. Wed. 1 9 e 9 91 3' 52 16 152 a 16 p 6 16 6 p 24 28 44 26 72 81 79 81 di . 1 131 t 94 3 ,23 4 ;17 9414 6 61i n 68 962 72 962 2 1 v 0 05 ;105 6 psi 7 , 61 7 101121 1014 77 '771 84 --- 51 S ,50 2 34 id 3$ id, 38i 94 574 Kl 5; id 5 6 4ql 47 9 '2l 9 108 10,108 10 77 79'77 79 lti 6 144 5 70 61E04 14 106 4 104 4 79 8179 81! A 6 124 6 B' In 6 ;8i 3 IN 4 1 5 . 2 a 115 6 25 1120 t 12 25 6 120 5 2 2 i it ill Sj 6 :6e elt I Li i i 3b 6a 164 61 4 I 3j 6} 64 Mond. Tutu!. Wed. Thurs. Friday . 931 931 194 94 11941 . 931 1931 4 94} I, 94 1 1 944 1 —94 i • I }- -- - .114 16p 13 16p ! 1$ 12p 15 13p,13 16p .1 p 11 p —17 p tEIGN FUNDS. Mond ITuesd. Wed. ,Thurt., ?richly. C. - f.I I 180 xdil 103 i s 7'hur. iq 9 94 )4 S3a 4 _ _ 108 xd I;;920 2 3i id 16 2 1 6d 7i 3n 1103 101 14f bi 72. 3 106 t t. 77 M 24 40 25 6 120 5 4 } 1 i'l. i 103} 2} tz I A 1 c 451 Gt 8e 9 W 2 4 bit 4 16 15$ til 24 C. 80 2 9 i V4l be 114 8 106 P 7 61 7 103 i 79 i 30 2 Ile 2 1 38e 8i fri 3 c l Ili 7i 2 , .. 30 108 10 I Fig bk 1011 79 Al 24 6 25 6 118 23 2 21 i I 31 151 6 'ORRIGN Antw. & Rttrdm. Belgian East. J. Dutch Rhenish East Indian Gt. Indian Pen G.W.ofCan.,Bll Lyons & Geneve Madras Ns. a Lge.(w.in ) Nrthru.of Prue( . Norw. Truk. Prt Paris & Lyons Paris & Orleans ?aria k ROllOll Mond. Toad,. 7} 7} 1 1 a 1 1 22 If 2 p 24 11 21 4 * 11 4 lip 81 gil 4 391 O f s 9 4e re! S2l 34. 63 t S 2 4 I 62 4 Thurs. Friday 7 ! 1 11 1 lf ; ip 2 1p !21 22i 2 3 1 21i 1f 1 23f 41 23 4 lOi {P I 2 2 00 111 p 10! 1 8f 9 : 8 2 391 40 3 1 9 10 i 9 10 531 521 02 51 132 4 ARRIVALS THIS WEEK. Wheat. Barley. Malt. Oat.. Flour. English ....2040 .. 1070 .. 1240 .. 5O .. 880 Irish _ 2670 .. - Foreign.. 8330 1810 .. .. 8920 .. 68301)1s. eke. LONDON AVERAGES DECLARED ON F RID A.Y—Wheat, cad quarters, 705 6d ; barley. 890 quarters, 43a ld ; oats. 576 quarters, :Pls 9d ; rye, 13 quarters, 45s ; beans, 97 quarters, 418 8d: peas, 149 quarters, 45s 3d. IMPERIAL WEEKLY AVERAG ES—Wheat, 695 ed. bar ley, 46s 6d ; oats, 25s 10d ; rye, 438 9d ; beans, 468 4d; peas, 415. THE SIX WEEKS' AVERAGES—Wheat, 71e 6d; barley, 45s Id; oats, 266 Ild; rye, 44s 2d; beans, 45s 2d: peas, 104 sd. ENGLISH GRAIN SOLD LAST WEEK—Wheat, 90.282; burley, 8,511; oats, 8,252; rye, 6"I; beans, 1,772; peas,o7l quarters. BREAD—The prices of wheaten bread in the metropolis are from 9d to 91d; of household ditto, 61 to 84d per tlbs 1 sit _ _ TEA—The imports have been very extensive this week, and the show of samples is large. All kinds of tea are dull in sale, at barely stationary prices : Congou, std to 2a 6d; Nang Yong and Oolong, 104 to Is 10d; Souchong, 94 to 2s tkl; Flowery Pekoe, is bd to 3s 6d; Caper,— to —; Scented Caper, Is Id to is 10d; Orange Pekoe, lid to Is 2d; Scented Orange Pekoe, Is 4d to 2s Gd ; Twankay, 6d to Is 2d ; Hyson Skin, Gd to 1s 2d: Hyson, Is 24 to 31 6d ; Young Hyson, 60 to 2s 41; Imperial, 114 to 2s 4d; Gunpowder, ed to 3s 6d; Assam, 1s Id to 411 Jd per lb. Up to Saturday last duty was paid on 33,617,70.1b5, against 36,015,3611bs in MS. SUGAR—AII raw sugars have moved off freel y,at a further improvement in th • quotations of 6d per cwt. Barbsdoes has sold at from 45s tid to 48s tki ; St. Lucia, 45s to 495; Granada, 43s 6d to 48136 d; Mauritius, 37s to 535; Madras, 33s to 4411 6d; Bengal 43a to 49s ; Porto Rico, Cis 64 to 47s 64 ; and St. Croix, 41s to 46s 8d per cwt. The refined market is steady, at from 53s to 59s per cat. The total clearances to Saturday last were 4,513.800 cwts, against 5,155,519 cwts last year. MOLASSES—The supply continues small, and the demand is steady, at very full prices. Antigua, 23s to 23s 6d; Cuba and Porto Rico, 21s to 229 per cwt. COFFEE—This article is in good request, and the quota- tions have an upward tendency. Several parcels of good ord native Ceylon have changed hands at 53s to 53s 6d per cwt. COCOA—Our market is very firm, owing to short arrivals. Red Trinidad, Z,9s to 4:5s Gd; grey, 56s to 58s; Guayaquil, 56s to fies; Bahia and Para, 50a to Si.; and Granada, tide to 58s per cwt. RlCE—Owing to the large stock in warehouse—upwards of 46,000 tuns—the demand is by no means active. Prices, how- ever, are supported. Bengal, los to 13s; Madras, As to lOs; and Java, lla Oil to 15s per cwt. PROVISIONS—The supply of Irish butter is on the in crease, and the demand for all kinds is heavy, at a slight decline lu the quotations. Foreign parcels are very dull, and 2s per cwt lower. In English very little is doing. The bacon market is heavy, at barely late rates; but hams -especially prime quali ties—are on the advance. Lard continues firm in price. CO rrox—Most kinds are a dull sale, but not cheaper. Surat may be quoted at from CO 50; Bengal, 3,;(1 to 4ed; and Madras. 4 1 ,c1 to 41 per lb. WOOL—The imports of wool this week are 2,000 bales, chiefly from our colonies. English parcels are in steady request, at full quotations ; but foreign and colonial command very little attention. HEMP AND FLAX—Baltic hemp moves off slowly. Peters burg clean has realised 841 to 351 les; tiutallot, 341 to 331 10s; and hail-clean, 30! 10, to 311 per ton. The flax market is still heavy. INDIGO—Owing to the approaching public sales, the busi ness doing in this market is limited. Prices, however, are firmly supported. FRUIT—New Valencia raisins have sold at 545; fine new Patras currants, 80s; and new Muscatels, 808 to 115 s per cwt. Si I.K—The demand la still active, and prices are steady. METALS—Scotch pig iron has moved off slowly, at 71611 to 71. 64 on the spot. All manufactured iron is dull. There is an active inquiry for Un and tin plate, at fully late rates. Speller, on the spot, has advanced to 21110. and 361 per ton. English zinc, 321 to 321 101 per ton. SA PET R I.:— Fine parcels have been in good request, and the quotaiiuns have improved lid per cwt. SPIRITS—The demand for rum has fallen off, and prices are a shade lower. Proof Leeward., 2s 2CI to Is 3id per gallon. Brandy is steady, at full quotations. Malt spirit t proof, 11. ; Geneva, 31 to is per gallon. SATURDAY, LWAYEI 'Vedas,. ; 11 2j p 2 2 1 21 24 11 ; " 994 1 4 0 9 10 Chs 62 4 910