The Press. — London, England, 1857-09-12 00:00:00

THE PRESS, SEPTEMBER 12, 1857. is not the main cause. The main cause, this week at least, has been the nom arrival of further intelli- gence from India. Pending that arrival even the most adventurous of speculators have hesitated to commit themselves tn any serious extent, either one way or the other. But the balance of speculative transactions have been entered into with a view to quotations going lower, thus showing that in the opinion of those who usually keep a sharp look out upon public events the opinion is that the forth- coming news will be of an unfavourable cast. How, indeed, can it be otherwise, when we know the difficulties that surround our brave countrymen at Lucknow, at Agra, at Cawnpore, at Delhi, and many other points at which it is impossible they can have received reinforcements ? Ever since Tuesday news has been most anxiously expected. None came to. day. Tomorrow the ordinary telegraph will be fully due, and the moment it arrives there is sure to be an active renewal of business, for a time at least, not withstanding the temporary desertion of the City for purposes of recreation and health. Consols have, with temporary exceptions, shown a declining tendency throughout the week. The ex ceptions arose out of circumstances connected with the settlement of the account which was brought to a termination yesterday, and their influence was soon ended. Last Friday the closing price for October 14, the present account, was 91 to 1, and yesterday they finally closed at 90! to 1. The decline, therefore, was one quarter per cent. For money they closed at 901 to 1. Independently of the state of affairs in India, a complete change in the weather and a reac tion in the corn trade, resulting in advanced prices, have exercised an adverse influence upon prices. To-day they opened at 901 to it, and closed, after a dull day, at 90i exactly. Exchequer Bills have further receded 23. They were dealt in yesterday and to-day at 7s. to 3s. dis. Foreign Stocks have been flat, and most descrip tions are weaker than they were last Friday. Railway Shares in most cases have suffered a reaction from the extreme prices of last week, but in a few instances a further advance has been estab lished. Caledonians, Sheffields, and a few others have improved, the latter to the extent of one and a half per cent.; but Great Westerns, North Mid lands, French, and Indian shares have all declined. Business has been confined almost to bona-fide in vestments, speculative transactions being found the exception. To day the tendency was downwards, with scarcely any business. Joint stock Banking, Mining, and Miscellaneous Shares are all without animation. A conaoversy has been going on during the week as to the effect of heat in impairing the efficiency of submarine cables such as that lately constructed for the Atlantic Telegraph Company. We have not space to notice all that is said upon the subject. It is sufficient to say that the question is one not of scientific interest only at the present moment, when it is essential that our communications with India should be rapid and certain. The Atlantic cable, which is likely to be purchased for shipment to Suez or Kurrachee, does not appear to have been injured by heat, but the gotta percha covering of telegraph wire is stated to undergo certain chemical changes in hot climates which destroy insulation. No doubt these evils are capable of effectual remedy. At the Court of Bankruptcy, on Monday, the exa mination of Mr. L. De Wolf Cochran, the missing director of the Royal British Bank, was adjourned sine die, with proclamation of outlawry. The trial of the other directors, who are at liberty on hail, is fixed for the 30th of November, in the Queen's Bench at Westminster. The evidence taken before the Bank Acts Com mittee of the House of Commons has been published. It is very voluminous. The inquiry is to be renewed next session. To-day the report of the evidence of the Public Moneys Committee was issued. It con tains several recommendations of extreme importance. The amount paid into the treasury of the East India Company for bills on India from the 20th of August to the 9th of September was 13,137/. The export of silver must consequently continue very large. Assignees were chosen, at the Court of Bankruptcy yesterday, in the case of Messrs. Gotch and Gotch, of the Kettering Bank. The submarine cable to connect the island of Sardinia with Algeria, and bring France into direct communication with that colony, has been safely laid. The length of the line is 148 statute miles, and the amount of cable paid out about 172 miles. The cable has four wires, two of which are appropriated to the French Government, and its contract price was 50,0001. The undertaking has been carried out by the Mediterranean Company, by whom the first part of the line from Genoa to Corsica and Sardinia had been previously completed. The New Brunswick and Nova Scotia Land Com pany have divided at the rate of 39. per cent. per annum. The Trade Reports of the week are on the whole satisfactory. BANK OF ENGLAND. An Account, pursuant to the Act 7th and Rth Victoria, cap. RI for the week ending on Saturday, tilt sth day of Sept., 1857. ISSUE DEPARTMENT. Ilote■ issued Z 4311,4101 Government Debt 411,015,100 Other Securities.. 3,459,900 Gold Coin Bullion 1U,536,410 Silver Bullion £2b,311,410 I BANKING DEPARTMENT. £25,311,410 ProvorletorsTapitalSl4,sls3,ooo Government Seen. Rest Public Deposite— 7,087,314 DesdWeightAn.) 40,593.653 Other Deposits Seven Day & other Notes 6,061,570 Bills i35,C65,1 to L 35,665,116 • Including Exchequer, Commissioners of National Debt Savings' Banks, and Dividend Accounts. BRITISH FUNDS.— Closing Mott. OFFICIAL. QUOTATIONS. Mond. Tueed. Wed. Thurs. Friday —— - 901 901 GOi I 903 GO 901 1 ( 901 90i 190 s 901 - 91 - - - E 9l, 1001 1 901 5 per Cent.Consols ilitto or Account 1 per Cents Reduced 3 per Cents Lang Annuities flank Stook 7 per Cent New 2 q per Cent Annuit i4:xe6. Bills, did. India Bonds,(1,0001.) 217 I -- 76 51 71 7 4d 20 22d REIGN FUNDS. Mond.,Tuesd. Wed. Per Cent.l Brazilian . Danish Dtch. (Ex 12 Guth French 102{ 10? j Thurs., 11O2i Friday. 110 1 ) . xdi 641 66! 3ac 66195.3' t cl I a 21j A 21j ra 401 1 94 951 1 951 Do. Do. Bank Stool f 0 f 0 Mexican 3 Peruvian 4j Portuguese 4 fiusaian 4j Spanish 3 Turkish Aco.6 ' FOREIGN SWAYS, Mond. Tuesday. Cf U 6 1 11 t 14 3 1 Id 3 1 id 1 134 U 4 .471 8f 191 1 191 212 i 214 A 26 7 26 7 17 f 1 71 1 f 31 f 9 10 34j 5 58 58 Wednet. 6 j i o f :174 si, 20 7 17 16 t Mk 4 ' 9 10 34% 64 55 FiT 7} I 93 9 10 331 4 54 55 SHARES llf ond.l Tuesd. Wed. , 8 81 A 8 88 84 k 134 b la 8i d 6 t4tl !34 1) 2.5 95; 64! i 13f Pse f f. Antw.& Belgian East. J. Dutch Itheliish Kast Indian Gt. Indian Pen G.W.of Can.,B h Lyons Jr lioness Madras Narnurt Liege tirthru.of From Norw. Trnk. Prf Paris & Lyons Paris & Orleans earls & Konen Rstr.wel Aberdeen Wolv.& Stour Val Bristol alid Exeter Caledonian Chester and Holyhead Cork and Bandon & Belfast Juno East Anglian Eastern Unioc(11) East Lancashire Eastern Counties Great Northern Gt. Sth. and Wst of Ire Great Western Lancashire& Yorkshire Lon.,Tilbury,& S. Brkg. Lon.,Brighton o ko London and Blackwell' London and Nrth•West.l Midland Newmarket. Newry and Enniskillen' Norfolk Nrtbrn.Counties Union North British North Staffordshire NorthAVestern Oxf., Wrcatr., and Wolv., Scottish Central Scottish Midland South Devon South• Eastern and Dov. South. Wes tern South Wales Waterford a Limerick M 18CELLANEOUS— Australian Agricultural Canada Crystal Palace Crystal Palace of France North British Aus. Laud Peel River Land & NI in. Scottish Aust. invest. South Australian Lane Van Diatnan'a Land 8 8; I 86 88 63i 4 1 1 31 S; 62 64' 3# #4l 48i 41 4 33 3 7 4 8 41 102 41 72 74 1 93 61 6J4 70, 92 3 di 85, amp°titan rt a r t s (Reporiedexclusivelyfor "T [z Passe.") • CORN EXCHANGE—OnIy moderate supplies of English wheat have been received up t o our mar k et th i s wee k , an d t h e demand for all kinds has ru l e d stea d y, at an a d vance i n t h e quotations of from Is to 4s per quarter. At that improvement good clearances have beeu effected. Fine foreign wheats have produced rather more money; but low and damp parcels have ruled heavy. Floating cargoes of grain have changed hands somewhat freely, at full currencies. Fine barley has sold readily, at previous rates. Light parcels have met a slow in quiry. The malt trade has ruled heavy, and prices have con• tinned to give way. Russian oats have gone rather easier; but other qualities hare sold at full prices. Beans, peas, and flour have been the turn against buyers, and the demand has continued in a healthy state. ENOLlSH—wheat, Essex and Kent red, 46s to 595; white, 48s to 655; Norfolk and Lincoln red, 47s to 595. Malting barley, BOs to 46s ; grinding ditto, 23s to 33s : distilling , 87a to 408. Malt, 60s to 75a. Feed oats, 21s to 96a; potato, 27s to 325. Rye, 32. to 365. Tick beans, 36s to as; Harrow, 36a to 40s; pigeon, 43s to 475. Grey peas, 401 to 44s ; maple, 42s to 46s ; white boilers, ;0s to 44s per quarter. Town made flour, 48s to 50s; country marks, 40s to 435; households ,46s to 47. per 2601b5. ARRIVALS THIS WEEK. Wheat. Barley. Malt. Oats. Flour. goglish 2960 .. 450 .. 1160 1270 Irish — 970 , Foreign 6890 .. 9610 14860 ~. 280 sty. 200 ble. LONDON AVERAGES DECLARED ON FRIDAY—Wheat, 8,292 quarters, 57e; barley, 571 quarters, 42s Ild ; eats, quarters,—; rye, quarters, --; beans, 61 quarters, 42s 7d; peas, 36 Quarters, 42. 7d. IMPERIAL WEEKLY AV E ItAG ES—Wheat, 53s 4.1; bar. ley, 42a 7d; oats, 26s 7d; rye, 39a 2d; beans, 40s lid; peas, 416 3d. THE SIX WEEKS' AVERAGES—Wheat, 59a 41; barley, 40s sd; oats, 271 9d; rye, 39a sd; beans, 47a ld; peas..4l4 ENGLISH GRAIN SOLD LAST WEEK—Wheat, 165,841! barley, 6,220; oats, ,5,017;, rye, 633; beaus, I,d3i); peas, tide; Quarters. _ BRKAD—The prices of wheaten bread In the metropolis are Rd to did: of household ditto, 61d to 74d per 4lbs loaf. TEA—Most kinds are in steady, though not to say brisk, demand, at fully last week's prices. Smell public sales have been held. The stock in the United Kingdom is 79,200001b1,, against $2,118,0001bs in 1856. About 12,000,0001bs less tea are now on passage from China compared with last year. The present rates are as follows:--Congou, is 24 to 2s 6d; Ting Yong and Oolong, is 3d to 2s; bouchong, is 31 to 2s 6d; Flowery Pekoe,2s 6d to 4s; Caper,— ; Scented Caper, Is 3d to is 10d; Orange Pekoe, Is 2d to is 4d; Scented Orange Pekoe, is 8d to 2s 4d; Twankay, Ad to is 9d ; Hyson Skin, 8d to Is 2d: Hyson, is 4,1 to 4s ; Young Hyson, 104 to 2s 4d; Imperial, is to 2s 4d; Gunpowder, is to 3s 61; Assam, 4s 14 to fis id per lb. SUGAR—AII raw qualities are very dull in sale, and the quotations have further given way from is to 2s per cwt. West India has changed hands at 52s to 68s; Mauritius, 378 to 5Cs; lieugal, 50s to 565; and Havanab, 53s to ins per cwt. Refined goods move off heavily, at 53s to 64s per cwt. The supply is very moderate. MOLASSES—A few parcels of Antigua have sold at 22s to 24s per cwt. COFFEE—Generally speaking the demand is steady, and last week's prices are well supported. COCOA—The quotations are again higher. Greyto good red Trinidad has sold at 93a to 103 s; and fine Cerupeno, 112 s to 115 s per cwt. PROVISIONS—There is still a good demand for Irish butter, and prices continue to advance. Foreign qualities are producing more money, and the best weekly Dorset is worth 122 s to 124 a per cwt. Fine qualities of bacon are steady, at full quotations ; but inferior and stale parcels are heavy. Hams and lard are quite as dear as last week. COTTON—:A large quantity has been disposed of, at a lurther slight improvement in value. RlCE—the demand is steady, but we have no change to notice in prices. The finest white Bengal is worth Lis per cwt._ HEMP AND FLAX—No change has taken place in prices, and the demand continues inactive. WOOL—The transactions are restricted to small parcels, yet holders are very firm. INDlGO—Prices now rule from 9d to is per lb above last sales' rates. SILK—Our market is heavy, at drooping prices. Bengal, Surdah, 32s to 34a; Cossimbuzar, 17s to 325; (Sonatas, Its Ca to 32s ; Jungypore, 17s to 32a: Cominercolly, 178 to 3:25; Hurri paul, 158 Od to 318 ; ktadnegore, 15s to 325; Bauleah, 14s to 17s; Mundelghaut, 168 to 208. China, Taatlee, middling and inferior, 2113 lid to 23s 6d; ditto superior and second quality, 24s 6d to 26s 6d; Yuun fa, 12s to 225; Taysaam, 168 to 22a; ditto, long•reeled, its to 218 ; Canton, 12s to 16s per lb. SPIRITS—There has been an improved feeling in the de mand for rum. Proof Leewards, 2s sd; East India, 2s -1,1 per gallon. Brandy is railer dearer, and malt spirit has ad vanced 3d—or to Ins 6d per gallon. METALS—Scotch pig iron has sold heavily, at 61s to 868 6d cash. Speller is selling at last week's currency. Tin is heavy, at the late decline. Copper is still active, at 121116 s per ton for tile and cake. . HOPS—The supplies of new hops are increasing, and the demand for them is inactive, at from SI 12s to 101 per cwt. in other hops nothing is doing. The duty is called 17:40001 to 180,0001. POTATOES—The supplies are extensive, and the demand is steady, at from 35 to Gs per cwt. OlLS—Linseed oil, ou the spot, is quoted at 391 iSs per tun. Most other oils are steady. Turpentine is firm, at 375 to 3es 6d per cwt for spirits. TALLOW—PS Y. C., on the spot, has changed hands at 62s 68 to ti3s per cwt, and th 3 market continues steady. COALS—Tanfield Moor, lls tid; Wylam, lo,s; Eden, 17s 3d ; Harton, 168; Riddell, 15s Pd ; Braddyli's, 178 , Haswell, 188 Russell's Hetton, 17s; Hetton, Id; Stewart's, 185; Tees, 18s; Heugh Hall, ltlin ed per ton. METROPOLITAN CATTLE The supplies of beasts on sale this week have been extensive—of other kinds of stock seasonably good. The trade generally has been less active, 55 follows:—Beef, from 35 2d to 4s ad; mutton, as 4d to Ss 4d; lamb, 43 Gti to Os; veal, 35 8d to 5s ; pork, da 8d to is 88 per Sibs to sink the offal. NEWOATE AND LEADENHALL—The trade generally has ruled heavy, at our quotations. Beef, from 3s to 4s 4d ; mutton, as .Irl to 45 10d; lamb. 4s 2d to Ls 4d ; seal, Is 4s to 45 Gd; pork, 3s 6d to 55 per 81bs by the carcase. FROM THE LONDON GAZETTE. Tuesday, September 8. BANKRUPTCY ANNULLED.-Joan KIRXHAW, Bridgc. road, Battersea, ironfounder BANK HU PTS.—WILLIAM HARVEY BRoox, Peerlesa•place, Cityroad, cheesemonger—WH.Eian HuictusoN, Frant, near Tonbridge-wells, patentee—GEOßGE DEAR, Sudbury, Suffolk, butcher—THOMAS HART, Charlotte•street, Blackfriars, hat manufacturer—THEOPHlLUl KIRKHAM, Leadenhall•street, City, East India merchant—SAMUEL PEACOCK TIMBERS, Great Yarmouth, grocer—JOHN NOAKES, Park•place, Kennington. CrCBB, linen draper—Wu-Lux J. SEARS and JAMES SEARS, ivy. lane, Paternoster-row, City, printers—Geottox W. BASILAN and CHARLES E. DAVIS, Waibrook, export oiIman—SAMUEL BACHE (111 d SAMUEL T. BACHE, WM14)08111, jewellers—MAßY BROWN, Kinfare, Staffordshire, grocer—Davin DAVIES, Llandilorawr, Carmarthenshire, grocer—Jona G. PERRIN, WILLIAM L. FREE• STONE, and SAMUEL W. TUCKEY, Great St. Helen's, City, mer chants—HENßY Cirmetne, Halifax, reed and heald zuaker—, el '2li 79 Thumm. A p 3} id t,7i 8 19i 2$ 17 18 7 i °.31 4} 1 10 .34i 54 88 7'hur. (a al 86 I 88. Imo= 121 i 2i il3d 42 11 i 1 i ill 2 i it 32 4' 10 12 Friday. 6 6k • 1% ! 3 i la .974 8 2 i 1t 1 26 17 13 7 % 33 9 i •It .Zio 34 i t b 88 68 8d 88 624 3 33 4 _a 20 a 51 33 98 7 11} a 98 100 2 64} 3 100 a P 104_ 3 991 f 1002 , 81f 2 82 4 31 id • 494 sot 4} 4d .34 $ lu4 6 38 35 68 Gtt 9 2i 84 85 211 rai 13d 42 11 1 11 2 ; 1 32 4 in l2 902 21e 2il 13d 42i li t 2 1,i It I 34 4I :0 12 '6Y 64 !31 id i4Bl 1 47 ; 81 32 IIC4 5 , 72 74 !as $6 ,63 191 i 21 ,64 66 62 4i 3/ 4d 604 14 44 4d 74 84 1 ,32 3 1104 .72 74 33 36 71 2 41 84 81! 21i 4 13d 42 ii I 11 2 It 32 i 4, , 10 12 '62 64 i n id 49160; 41 4d 71 64 82 3 104 C :2 4 33 36 69 :0 !911 21 !84 85 21i 24 188 42 Ilk k 1 2 1 1 J 2 4 10 12