The Press. — London, England, 1855-10-20 00:00:00

OCTOBER 20, 1855. The German Legion at Portsmouth, broke out in insubordination on Tuesday evening last, and the rof ended in the death of one of the ringlmiers. I. appears that a standing order of the regiment forbids any men leaving barrack before 5 p.m., but oa Tuesday afternoon a large body of men attempted on two occasions to force their way out between 3 and 4 p.m. The guard turned out, with fixed blyonets, and on the second attempt charged the a oters ; in a short struggle which ensued one of the ringleaders, Joseph Goltswaltz, was run through, and fell dead instantaneously. An inquiry took place in barracks on Wednesday, and at the inquest held on Thursday, the jury returned a verdict of "Justifi able homicide," and expressed their opinion, in agreement with the decision of the Court of Inquiry, that the prisoner had simply done his duty. Slog ladtt anb ditg Anitilignut. FRIDAY EVENINO. IT was pretty well understood in commercial circles during the early part of the week, that the Bank would on Thursday raise its rate of discount to six per cent., but the advance was more considerable than was anticipated, as this rise was for bills which had not more than sixty days to run, while the advance was to seven per cont. for those from sixty to ninety five days. The market for securities, which, on the whole, had been fairly maintained up to this period of the week, sustained a sudden check. They fell from 87} to 87} for money, and have since receded still lower. The highest rate at wined was on Wednesday, when they reached 88i. Ths public have constantly been buyers, yet at no ti ne in the week has the market shown steady fl mness, and speculators for a fall still seem con -11 lent in the correctness of their anticipations. To day Consols both for time and money were up to 87i to I, but at the close were down to 871. Turkish Stock continues to decline. The closing price to day was for the Six per Cents. 791, and for the New Guaranteed Four per Cents, 31 ►o 4 discount. The Bank of France have acted in unison with our Bank. On Thursday the rate of discount on French bills was raised to six per cent., while a notification has been issued that in future the advances on Stocks will be limited to thirty per cent. of their value. The Bank return in to night's Gazette shows that the course adopted by the Directors was one of necessity. The item of "other securities" has, indeed, declined in amount to the extent of half a million, and so far the return is favorable ; but, on the other hand, the stock of bullion has been dimi nished by 520,8601., and the reserve of notes has declined nearly one million, or from 5,473,4701. on Oct. 6th, to 4,557,4901. on Oct. 13th. Considering that this amount represents the whole money capita] of the Bank immediately available, and that its public and private deposits exceed 16,000,0001., it is evident that it ought not to permit its reserve to fall lower. The screw must now be applied to turn the current the other way. When the long•delayed arrivals of gold from Aus tralia come to hand, and the amount lately paid on dividend accounts begins to flow back to the Bank, we may, unless the action be counteracted by adverse influences, look for some relief from the stringency which exists. We continue to receive satisfactory assurances of the state of trade, but there is just a chance that a feeling of panic may at this critical time arise, when perhaps the consequences would be severely felt. The holders of colonial produce and of corn are perhaps the most endangered by the high rates of discount which prevail. The unusually large amount of commercial securities held by the Bank indicates the extent to which capital has been raised by spe culative probabilities of an advance in the price of certain commodities. A visit was on Tuesday paid by the Governor and Daputy-Governor of the Bank to the Chancellor of the Exchequer, and a morning contemporary thus corn mews upon it : Although the actual object which these gentlemen had in view has not as yet been permitted to transpire publicly, we believe thatwe are not far wrong when we state that one of he subjects brought under the consideration of the Finan• cial Minister by his city friends was the project for issuing a certain number of 11. and '2l. notes. Our readers cannot fail to recollect that we have very frequently pointed out the necessity for the adoption of a measure of this descrip tion, in order to counteract the evil influences of the late Sir Robert Peel's Act, and we are gratified to find that the most ardent admirers of a gold currency admit now that an obstinate perseverance in supporting their favorite dogma will not compensate for the disarrangement of our trading system. We have heard a different account of the matter, and believe that the business of the visit was to know whether the Chanceffor . of the Exchequer would, in case of necessity, consent to a suspension of that clause in the Bank Charter Act which restricts the amount of notes to 14,000,0004 without a corres sponcling supply of bullion. We have not heard the answer of the right hon. gentleman. A Ministerial THE PRESS. paper this evening hints that the suspension would be refused, but in case of necessity the Government would be compelled to give way ; and it seems pro bable that such necessity is fast approaching. When the experiment was tried in 1847, it was immediately and largely beneficial. Money which had been hoarded, returned to its usual channels, and the relief to trade and the fall of discount were prompt and decisive. The Bank of France contemplates, it is believed, a suspension of cash payments, should the pressure continue. The advance in the Corn Market has been ss. per quarter in the price of wheat during the week. This advance will now be severely felt. The advices from St. Petersburg (says a daily journal) continue wholly devoid of any remarks beyond the sim plest commercial topics, with the exception of an occa sional assertion adroitly intended to create a belief that the greater the disasters she sustains, the more distant will be the probability of hussia seeking peace. The amount of produce being sent forward to the frontier was comparatively small, and the rate of exchange had dropped to Mid., thus increasing the profit of smnggling gold out of the country. The bad accounts of the grain crops in the northern provinces are fully confirmed, and this new element of embarassment is likely to prove important. In Foreign Funds and Shares we have not no ticed any movement during the week calling for special notice. Shares have, on the whole, been de pressed, and several of the leading lines are lower than when we last wrote. NDB. Closing Prices. AL QUOTATION. I Mond. Tuesd. Wed. !Thurs. Friday. 3 per Cent. Consols 8817118 7- 71 T7l 187 1 7Tri 7 Ditto for Account 3 per Cents Reduced 3 per Cents Long Annuities BMA Stock, 7 per Cent 2OB 9 207 9 209 7 209 7 Omnium Exch. Bills, 2d. per diem 5 2d 7 3d 7 3 India Bonds, (1,000 i.) —1 p BANK OF ENGL An Account, pursuant to the Act 7th . for the week ending on Saturday, the 1.. Jesus PItP4RTIIiNT. Note. issued .... 125,205,831, Government Debt £11,015,100 Other Securities .. 2,984,900 Gold Coin .t Bullion 11,205,855 Silver Bullion .... BRITISH FU. OFFICI. 7 3 5 10 I lp MI par ID. Atli Victoria, cap. 32 th day of 0ct.,18615. L 25,205,855 'UNKIND Di Proprietars'Capitalll4,ssB,oo4l Rest _ _ CPARTNINT. Government Secu rities ((including Dead Weight/in.) /10.556,040 I other Securities 15,250A46 Notes 4,557,410 Gold a Silver Coin 546,666 Public Deposits* 4,359:851 Other Deposits 11,905,925 even Day .it other Bill• C 11,940,542 £34,940,642 • Including Exchequer, Savings Ranks, National Debt, and Dividend Accounts. FOREIGN RAILWAYS. Mond. 'Tuesday. Wednes. Thum 71 8 id 7i 8 7/ 8 7/ 2} 25 d 2 Ad 2} sd; Id par id par i par I •21; 25 211 3j 211 25 214 21 5 8 ai 1 5i 3} 54 i 23} 4 22i 3 4 92} 23 }ad 5 6p 5 p 5 6 p 5 6p 115 20 19} 20 19} 20 19} 20 45 55 41 55 5 } 5 } 34} 5 34} 5 34 5 33i 41 7} sii 7} 85 7 8} 7} 8} 44} 6 44 5 44 5 6 434 4r ,44 6 44 6 ,43 sxd 43 tixdj stoners of Friday 2 3 2td 21i 2} 5 I 223 3A )& Cp 19} 26 3 33i 4 7 8 4 43 4 431 ft Antw.& Rttrdm. Belgian East. J. Dutch Rhenish East Indian Gt. Indian Pen G.W.ofCan.,Sh Lyons & Geneva Madras Ma. R Lge.(win ) N rthrmof Erne Norw. Truk. Prf. Paris & Lyons Paris & Orleans' Paris & Rouen SHARES. 11 ond.l Futl(l.l RA ILIV/18— Aberdeen Wed. Binn.Wolv.& ourVal.l ' Friel. 23 8 7 i 87 9 bq i lie 21 5i 44d 11l 12: Bristol and Caledonian . Cheater and Holynead Cork and Bandon' Dublin & Belfast June East Anglian Eastern tltiiot (B) East Lancashire Eastern Counties Great Northern Gt. Sth. and Wet of Ire. Great Western Lancashire& Yorkshire Lon., Tilbury, &Sthend Lon., Brighton, &c London and Blackwaill London and Nrth-West, l Midland 66 8 Newmarket. Newry and Enniskillen Norfolk Nrthrn. Counties Union North British North Staffordshire North-Western Oxf.,Wrcstr., and Wolv. Scottish Central Scottish Midland South Devon South-Eastern andnov. South• Western South Wales Waterford & Limerick NISC6LLANEOOa— A Agricultural Canada - Crystal Palace Crystal Palace of Ft Imre North British A us. Land Peel River Land & ?din. Scottish Aust. Invest. South Australian Land Van Diemen's Land 4 . 59 114 2 1 15 a I 2il 67 0 I 2 i il 0 6 .100 9, 534 4 95 6 6 i 921 64 5 21 46 8 d 25A 6i bt 7i id 24 8 Ile 4 157 8' lit 1 187 9 1 66 11 i 5 11421, ift7 9 9 1 84i 51 99 101 I Sgt ! 751 9 5 6 i a di 3 1 li k 8 5 111 2 li4' ii 27 8 150 5 i a 1* I 34 5 iu~ g~i )-- i 82 3 Ji 101 5°74 94 6 91 67 le 2 46 8 251 61 71 71c1 23 5 i 5 2 100 5 73 5 Ili 24 66 7 82 3 34 lo Is 20 25 C 140 5 2 I 3 i. 4 5 12i 3 12, tl 113 . 4 rt4ropolitan Varkes. 'Z for "MR Pam.") CORN-EXCHANGE—Very moderate supplies of English wheat have been on sale in our market this week. All kinds have ruled somewhat active, at an improvement in the quote dons of from 2s to 3s per quarter, and at which good clearances have been effected. Foreign wheat—the imports of which have continued small—has changed hands readily, at 2s to 3s per quarter more money. The whole of the floating cargoes off the coast have found buyers, on higher terms. The beat making barley has sold steadily, at fully previous rates ; but inferior parcels have commanded very little attention. The malt trade lies continued steady, at full quotations. New oats have realised former terms; but old qualities Lia.e gone rather lower. There has been a fair inquiry for beans, at late rates ; but white peas have given way Ss per quarter. Grey and maple qualities, in cluding flour, have continued firm. . _ _ ENGLISH—Wheat, Essex and Kent white, Css to 88'; red, 60a to 786; Norfolk and Lincoln red, 596 to 786. Malting barley, 38el to 416 ; grinding ditto, 346 to 87s; distilling, 31. to 386. alt, 676 to 795. t eed oats, 2t;s to 276; potato, Irra to 81s. Rye, 46s to idle. Tick beans, 40a to 446; pigeon, 436 to 49s Grey peas, 386 to 42s ; maple, 411 to 446; white boilers, 50s to 56s per quarter. Town-made flour, 70s to 722; country marks, aba to 85s per 2801 be. ARRIVALS THIS WEEK. Wheat. Harley. Malt. Oats. Flour. English —.2840 .. 2790 .. 3010 .. 360 .. 1030 Irish Foreign bls. LONDON AVERAGES DECLARED ON FRlD4Y—Wheat, 6,875 quarters, 7911 lid ; barley, 1,4E4 quarters, 40s 10d; oats, 3,544 quarters, 986 6d ; rye, quarters, ; beans, 847 quarters, 49s 8d; peas, 848 quarters, 516 7d. IMPERIAL WEEKLY AVERAGES—Wheat, 76s 7d ; bar. ley, 88644 ; oats, 286 6d ; rye, 49s sd ; beans, 49s 114; pita, 486 7d. THE SIX WEEKS' AVERAGES—Wheat, 7667 d; barley, 36s 3d; oats, 25s sd; rye, 476 Ad ; beans, 481 10d ; peas, 44s Bd. ENGLISH GRAIN SOLD LAST WEEK—Wheat,ls2,443; barley, 43,359 ; oats, 16,207; rye, 1,091 ; beans, 3,746; peas, 1, 9 23 quarters. TEA—Small public sales have been held this week. They passed otf slowly, without change in price. Privately, the demand is steady, at very fall currencies. Congou, 93 to 2s 6cl; Bing Yong and Oolong, 108 to la Ad ; Souchong, ki to 2s 8d ; Flowery Pekoe, is 4ti to as 6d ; Caper, le to Is 4d; Scented Caper, le 4d to le eid : Orange Pekoe, la 9d to le 6d; Soented Orange Pekoe, la 8d to 24 9d; Twankay, 7d to Is 3d ; Hyson Skin, 7d to is 6d; Hyson, is 84 to 36 9d; Young Hyson, 94 to 8s; Imperial, ls tots 8d; Gunpowder, la to 36 6d; AllB6lll, is 8d to 46 4d per lb. Up to Saturday last duty was paid on 36,409,1231b5, against 35,189,2311 W last year. SUGAR—AII raw qualities have sold steadily, at an advance in the quotations of 64 to Is per cwt. Barbadoes has retained 42e 6d to 47s 6d ; Jamaica, 41. to 45a; Antigua, 40a to 44e tel ; Mauritius, 358 6d to 45. . Bengal, 448 to 474 ; anti Porto Rim, 43s 641 to 41t5 per cwt Refined goods move off freely, at from 538 64 to 56s 6cl per cwt. The total stock of sugar is now 48,000 tons less than in 1864. MOLASSES—About 500 puns. St. Vincent's have changed hands at 245; and 200 St. Vincent's at 23e per cwt. The market is very firm. COFFEE—AII kinds are dull, yet no material change has taken place in the quotations. Good ord native is freely offered at Si. per cwt. COCOA—Great firmness continues to prevail in the in quiry, and the quotations show a tendency to advance. Red Trinidad has sold at from 46. to 60.; Granada, 45s to 48.; and Bahia, 41. t 0428 per cwt. RICE— The increased firmness in the wheat trade has operated favorably upon our market, which has become steady. About 2,000 tons—partly to arrive—has sold at very full prices. SEEDS—There is scarcely any demand for clover aced. Tares are rather lower. Both linseed and cakes command very full prices. COTTON—About 800 bales have sold, at last week's currency. The supply here is very moderate. HEMP AND FLAX Baltic hemp moves off slowly, U 431 per ton for Petersburg clean. In flax very little is doing, at last week's (potations. Jute and Coir goods are dull. WOOL—The public sales have commenced. Although the bidding. have ruled steady, prices show • decline of Id per lb compared with the former series. In the private market nothing is doing. About 2,500 bales of colonial have come in. METALS—Scotch pig iron has met an inactive sale, at 77& Most manufactured parcel. are a slow inquiry. Tin is rube, dull, at 122. to 123 s for Straits, and 124 s for Banco. In tin plates very little ia doing. Spelter, on the spot, has realised 241 to 241 5. per ton. SPIRITS—We have to report an active sale for rum, at • con siderable improvement in the quotations. Prcof Leeward& 2s 84 to 24 10s ; East India, 2. 7d to is 8 4 per gallon. Brandy and all other spirits are quite as dear as last week. HOPS—Fine new hops are in good request, and rather dearer. Other kinds are steady, at late rates. Duty, 300.0001. New mid and East Kent pockets, 100 s to 140.; Weald of Kente, 958 to 112 s; Sussex, 90s to 14:10e; Farnham', 1005 to 126 s per cwt. POTATOES—The supplies are seasonably good, and the de mand is steady, at from 70s to 955 per cwt. COALS—Stewart's, 22a 6d •, Hilton, 22e 6d; Eden, 21s 9d; Hartley, 19s; Gosforth, 20. 94; Hartlepool, 22. 34; Tanfield, 19s per ton. TALLOW—Our market is active. and P. Y. C., on the spot. has realised G3s. For tile spring the quotation is 84. per ext. 011.5—Linseed oil has sold slowly, entine, at from 42s t.:il to 4.1. psi cwt.. Other oils, as well as turn rapport last wee's ea r rency. METROPOLITAN CATTLE The supplies of beasts on sale this week have been moderate, and the demand for than - - I Thar. 123 4 l ibsi dui 21 15i lid 2i 8 ~ a 6i 4 1 , 99 !,b1 ;176 4 [95 6 1 94 int 4 le 2 46 8 -dl 15t Go' 7 1 id bi 23 .5 100 6 73 5 114 24 564 it .(2 3 120 8 1145 54 !i i I b li 31 ii; illij Ibi 9 101 524 3 r 7 9* fl 95 6 ek 1921 3 1 60 ;11 21 413 8 I • 74 vi 6i 24 6 d 25i 90. Ili 2 148 8 1100 5 173 5 25i 7g 5g 14 27 A 150 5 2 6 i il3 4 1009 Per Cent. Brazilian b Danish 5 DWI. (Ex 19 43 inl )14 French S. Do. 44 Do. Bank Stock - Ilexiean 8 Peruvian 4e Portuguese 4 Russian 8 Spanish 3 Turkish (Ace.) 6 REIGN FUNDS. Mond Mead. Wed. —..... _.-- 2 64 1 I i 64 L 114 f c 65. 20e 84f f e 90f 75e : c f. f. f. 211 21} 72} 43 71 3 95f 371 82 72160} )79LN01 Thum Friday. 99j 141 14(1k e 37j 80 - .lq 79 8