The Press. — London, England, 1856-07-26 00:00:00

JULY 26, 1 Mr. STANFORD has just published an excellent map of Central America. It is compiled from the most authentic charts and latest surveys extant. It con. tains also the entire series of railway surveys lately wade by the Government of the United States in Honduras, and for accuracy, careful drawing, and general value, is the most useful, as it is the best, m ap of this part of America published. glontg Parhtt Intl) Citg Ilt.elligturt. FRIDAY EVENING. Tag return of the Bank of England for the week ending the 19th instant shows the following changes compared with that for the week preceding: — Decrease in Circulation . £3,404 Increase in Public Deposits Decrease in Other Deposits Increase in Government Securities Decrease in Other Securities Decrease in Bullion Increase in Rest Decrease in Reserve .. Circulation, including Bank Post Bills Bullion in Both Departments This comparison scarcely encourages us to hope that the Directors will reduce the rate of discount so early as next Thursday. It is evident, however, that they have been in creasing their temporary advances to the Government; but, on the other hand, the public balances are higher, notwithstanding the payment of the dividends, and, as they will be further increased by the receipt of the loan instal ment paid yesterday, the Reserve will be stronger next week, in all probability to the extent of 1,000,000/ , unless the Bank has had heavy demands upon it within the last day or two, which is not very likely. The falling off in the Bullion is inconsiderable in relation to the demand from the Continent, and it confirms the views of those who have asserted that the commissions from the Bank of France will, if possible, be executed without drawing gold from the Bank. In other respects the return calls for no special observation. Money is cheap, and there are prospects of a farther re duction inits value, owing to the supplies in the hands of the joint-stock banks and discount establishments being so considerable as to induce increasing competition for the best legitimate bills. In fact, the attention of a portion of the public who ordinarily keep good reserves at their bankers has for some time been directed to the large and safe profits derived by the existing establishments from discount operations ; and a very appreciable amount of capital, which otherwise would have been absorbed in per manent investments or common deposits, is now being lent at call to be employed in these transactions. The means so accumulated have (luring the last fortnight been increased by the application of no mean amount out of the dividends now being paid by the State and by different public companies. Thus an abundance of money is now seeking for returns from this special employment, and hence discounts are ranging from three and a half to three and three-quarters per cent. at the outside in the open rear ketat a moment when the Bank of England, long presumed to be the sole guide in fixing the value of money ; requires a minimum of four and a half per cent. The power of the B ink to regulate the market is consequently falling away, at least for the time. Under these circumstances there has been no pressure during the week. Every legitimate de mand for accommodation has been met ; and, as far as we can learn, the mass of acceptances have been done under three and three-quarters per cent. Yesterday the payment of a twenty per cent. instalment upon the loan, amounting to 1,000,0001., caused some extra demand in particular quarters, but not the slightest inconvenience was felt; and today the market, in all its departments, has been per fectly easy, although some establishments received rather more bills than they anticipated. The anxiety caused by the aspect of affairs upon the Paris Bourse, anti the demand for gold on French account, though not entirely removed, is greatly decreased since our last. The specie imports during the week have amounted to about 210,0001. in value. Of this amount 150,000/. is said to have been on French account. A considerable amount of Australian gold snow due. Consols are much the same as this day week ; during the interval they have been as low as 951 for account, but they soon recovered, and to-day they left of at 951 to Business has, on the whole, been exceedingly inactive. Money investments, for the most part, owing to the causes stated above, have been very limited; while speculative transactions have been arrested by the diversion given to the capital just set at liberty. Foreign Securities have been well supported. The prin cipal dealings have been in Turkish, Spanish, and Vene zuelan. Qultations range, for all other descriptions, much the same as last week. Railway Shares, notwithstanding excellent traffics and the prospect of good dividends, have not been in much demand. The heavy lines are for the most part better than this day week, particularly Great Westerns and South- Westerns, being influenced by the forthcoming dividends, but some descriptions were flat to-day. Business has been tolerably active in Joint-stock Bank Shares during the week. Miscellaneous and Mining Shares have also been more extensively dealt in. The trade reports received during the week continue of a favorable character. At a meeting of the Unity Joint-stock Bank, on Tues day, the directors were authorised to take the necessary steps for increasing the capital as occasion may require to 2,000,0001. by th e i ssue o f 7,000 additional shares of 1001. THE PRESS. each, OW. to be paid up. It was explained that not more than about one-third of the shares will be issued for the present. The first issue will be limited to 3,000, to be divided pro rata among the existing shareholders. When the prospectus of the Unity Bank was issued in April last year a doubt was expressed whether its proposal for an equal division of the profits between shareholders and cus tomers could be carried out without rendering the latter equally liable with the shareholders for all the debts of the concern. Subsequently, however, a statement was put forth that an unanimous opinion had been obtained from Sir Richard Bethell and Messrs. Wilke and Cooper, that it would not have that result. Owing to the important bearing of the matter on the question of limited liability, some reference was recently made to it in the House of Commons, and the case and opinions, in the form in which they were laid before the Board of Trade, were ordered to be printed on the motion of Mr. Lowe. These have to day made their appearance as a parliamentary paper, and are to the effect that " the receipt by a customer in the manner proposed of annual or half-yearly interests on his minimum or other balances for the preceding year, will not render such customer either directly or indirectly liable as a partner of the bank." At the annual meeting of the Commercial Bank, this week, Mr. Mark Hunter presiding, the dividend declared was at the rate of 7 per cent. for the half-year, with a bonus of 4 per cent., making altogether a distribution of 11 per cent. for the year, free of income tax, and the report and accounts were unanimously adopted. It was stated that the progress of business is satisfactory, and that the ac counts and deposits are gradually increasing. Per Ceni Mond Wed. 11.34 Brazilian Danish Dtch. (Ex 12 Guil 1 French les ;or 85c Do. Do. Bank Stock exican Peruvian Portuguese Russian Spanish 3 Turkish ker 6 83t 75c :193f7 - i.l if c,25( 25c xd 45 41 1041 i - LI 1 - 4404 ft .3 .4' .4 .5 1 44 104 BRITISH FUNI OFFICIAL 3 per Cent.Consols Ditto for Account i per Cents Reduced 3 per Cents . . Long Annuities Bonk Stock, 7 per Cent Omnium Exoh. Bills, 20. India Bonds, (1,0001.) 96d_ !Hi 6 1 196} !216 7i' FOREIGN RAILWAYS 8 i 2i 3 p 24 2t I f!9 i. 2 p 21g 9 iSti 3 91 36} 7 14 6 Antw. & Rttrdm. Belgian East. J. Dutch Rhenish east Indian Gt. Indian Pen G.W.ofCan.,Sh Lyons & Geneve Madras Na. .t Lge.(w.in ) Nrthrn.of terns( . Norw. Truk. Prf. Paris & Lyons Paris & Orleans ?aria & Rouen LIVAI a- Aberdeen Birm.Wolv..4 Stour Val Bristol and Exeter Caledonian Chester and Holynead Cork and Bandon Dub!ln & Belfast June. East Anglian Eastern I I niou (B) East Lancashire Eastern Counties Great Northern Gt. Sth. and Wet of Ire. Great Western Lancashire & Yorkshire Lon., Tilbury, tt S. Brkg. Lon., Brighton, Rc London and Blaokwall London and Nrth-West. Midland Newmarket. Newry and Enniskillen Norfolk Nrthrn. Counties Union North British North Staffordshire North-Western 0 x f., Wrestr., and Woiv ' Scottish Central Scottish Midland South Devon South•F.astern and Doy South• Western South Wales Waterford tt Limerick MIeCELLANtOD9— Anstraii an Agricultural 10 96 4 : ij 112 11 tai 2; 98 Canada - Crystal Palace Crystal Palace of France North British A us. Laud Peel River Land et Mi.,. Scottish Aust. Invest South Australian Land Van Diemen's Laud 108 ii 7 1n ei 155 T Tuesday. Wanes. 81 8 1 1/ 2 11 2 2 . 31 2( 3 1 13 4 231 f 111 22i 261 61 p 11 12 j 211 9/ tal 4 81 9/ 561 1 ' 6 26 11 12 211 91 411 f 21 81 56 b Tutu,. Wed. Thur. 128 30128 30 28 8 1 ) 18* 9118 f 9tB/ 9i 196 8 96 8,98 9t4 60i 1 60i 1 1 60 i 161 1117 417 12 4 112 14118 16 ;frond. 49 ao 81 91 18 8 041 611 118¢ SS i 12 141 . 2 3 p 18 19 28 28 Thurs. 8 it 23 1 1 2 21 3 p 1 I 1 22 6 126 6} 11 2 p ok f 42$ 81 9* 56t 7 _ . ii • 66 -.. :8 it 4i Q 33 4 108 10 77 79, 15t 01, , 73/ 4 10 '2 3 p 18 19 26 28 !813 'i6e 7, 111 1. 1 6112 197 t 1 1 111 :101.1 11 )108 i 83k 153 - 7 Ao 124 6 1 S p 18 9 28 8 1 lee_ e 97 10 i 981 j 113 151 82e 3' 97i Bkl 109101 7 I 108 oil 881 til 55 2 3 p 18 19 26 28 '49 t 108 10 1 .77 79 IA 8 1 27 221 127 sui )07 8 V 24 16 197 i 118 3; sa ri I 'loB 10 I '7 79 151 81 74 751 ion 8 184 ♦p 060 A 4 - ;; S 5 7 126 1 197 2t 364 " ' 'ife d et 32 34 108 10, 77 79 16$ Co 74 108 9 1458/174 100 82 124 28; 25 21 1127 $( 2} 1 2i 3j II ij 2I 3 1J 36 7 717 BANK OF ENGLAND. An Account, pursuant to the Act 7th and Btb Victoria, esp. for the week ending on Saturday, the ath day of July, 1838. ICRUK Vu Notes issued .... d 26,183,930 Z 26,183,930 i BANKING DI iroprietors'Capitaltl4,ss3,ooo Rest Public Deposita* 3,242,b69 Other Delo/baits 11,202,473 Seven Day Ac other Bills Government Debt 511,016,100 Other Securities .. .3,459,900 Gold Coin et Bullion Silver Bullion .... 11,700:13o Government Seen rides (including Dead Weight An.) £1t795.464 Other Securities 18,155,664 Notes 5,321.300 Gold is Silver Coin 321 825 853,895,263 of National Debt, • Including Exchequer, Commiesione Savings' Banks, and Dividend Accounts. FROM THE LONDON GAZETTE Tutul4y, July 22. ALLiN the younger, 94, Wharf, Harrow-road, Paddington, dealer in drain pipes and cement-- EDWIN KAY, Red Lion Public-house, Duke-street Manchester square, licensed victualler—Faitozarcx WILLILX Snow-hill. City, tavern-keeper—Row-um Iwo Tatizoooo, Orchard-street, Kentish-street. Middlesex, builder—Hwrox Csan, North Hylton, Durham, shipbuilder. Friday, July 25 . BANKRUPTS.—Joms Duirmam, New Orford-street, boot manufacturer—DAVlD STEVENS, Montague-place, Poplar, cattle dealer—ROßEßT NIEWENS, King•street, Richmond, Sterrery,baker —lsaac Btancressze, Birmingham, merchant EDWARD WILLIAMS, Birmingham, commission agent—JoßN Lowe, Man chester, merchant—James JoHN Lose, Holbeach, printer— JAMES BILOBARROW, Coventry, haberdasher—Pavia HALL, Manchester, smallware manufacturer—RlCHAßD ADAKS.Duclley, Worcestershire, grocer and provision merchant—DAVlD MAR SHALL, Bristol, tailor—Joszem PORTER, Salford, engineer CHARLES ou °Lae Hose, Great Marl bomugh-street, publisher— THOMAS M‘TTRICW &MVPS.% RD, Cambridge, corn and coal mer chant—JAMES Thrritio, Wisbeaeh, irontounder—Louts Rooms- Tom, Broad•Btreet, City, importer of foreign goods—Wituam CLARICE. Tipton, Stafford, miller. littragolitan Itirittts. (Reportedexelusivel)for "Tas Puns.") CORN EXCHANGE—Very moderate supplies of English wheat have come to hand since our last report, coastwise and by land-carriage. The finest qualities have mostly sold at previous rates ; but other kinds rave moved off heavily, at drooping prices, The imports of foreign wheat are good, and the trade has ruleddull, on former terms. Floating cargoes of grain have been less active. The barley trade has ruled brisk, and the quotations have improved fully is per quarter. In the value of malt we havd no change to report: the supplies continue very moderate. We have had a dull inquiry for oats, at 6d to is per quarter less money. Beans, peas, and flour have moved off slowly, at late rates. - - . • ENGLISH—Wheat, Essex and Kent red, 681 to 795; white, 6Rs to 85s; Norfolk and Lincoln red, 683 to 775. Malting barley, 40ii to 45s ; grinding ditto, 36s to 39s ; distilling, 89e to 425. Malt, 62s to 775. Feed oats, 24. to 28a; potato, 26s to tits. Rye, 40e to 425. Tick beans, 361 to 40s; Harrow, Ste to 41s; pigeon, 429 to 455. Grey peas, 34a Lo 401; maple. 4is to 445; white boilers, 45s to 49s per quarter. Town-made flour, 686 to 86s; country marks, 536 to 555; households, 57s to 60s per 2801b8. ARRIVALS THIS WERE. Wheat. Barley. Malt. Oats, Flour. English .3480 .. 920 .. 4660 ~ 110 .. 1530 frisk Foreign.. 27750 .. 8610 27820 .. 8710 bls. eke. LONDON AVERAGES DECLARED ON FRIO 4.lT—Wheat. 5.026 quarters, 798 4d ; barley, 52 quarters, 41a; oats, 2,9 97 quarters, 26s 8d ; rye, 30 quarters, 44s ; buns, 259 quarters, 435; peas. 36 quarters. 43a 4d. IMPERIAL WEEKLY AVERAGES—Wheat, 76s 6d; bat. ley, 40s 4d ; oats, 26$ Ild ; rye, 62s ; beans, 46a ; peas, 48s 9d. THE Sf X WEEKS' AVERAGES—Wheat,7Is lid; barley, 39s 3d; oats, 25s 6d; rye, 48s fid; beans, 44s 4d; peas, 12i ed. ENGLISH GRAIN SOLD LAST WEEK—Wheat, 71,380; barley, 1,638; oats, 8,390; rye, 52; beans, 1,852; peas, 267 quarters. BREAD—The prices of wheaten bread in the metropolis are from 94d to 104 d, of household ditto, 8d to 9d per albs loaf. SUGAR—Asa considerable reduction has been made upon the import duties in Russia calculated to increase our export demand, the inquiry for raw sugar has become somewhat firm, at full quotations. Barbados, has changed hands at 445 t Os; Benaree, 468 to 485; Mauritius, 405 to 495; and St. Croix, 46e 6d to 49s per cwt. Refined goods are in steady request. Brown lumps, 565 to 575; and low to fine grocery, 67s 6d to 59s per cwt. English crushed is firm, at 93s to 40s per cwt. The total clearances to the 19th inst. amounted to 3,574,605 owta, against 9,.14,64 cwts in 1885. MOLASSES—This article is still wanted. Prices are Arm, and sales have been made at from 20s ed to 293 per cwt. COFFEE—For all kinds we have had rather a brisk demand, at the extreme rates realised last week. Malabar has sold at 56s , good ord native Ceylon, 51s 6d; and Rio, 42s 6d to the 6d per cwt. COCOA—The transactions have been but moderate. Prices, however, are well supported. Fine red Trinidad, 7,7 s to 595; grey, 54s to 565; Granada, 48s to Ms; and Bahia, 42$ to 43s per cwt. RICE—The stock in warehouse is now over 36.000 toes. The trade is, consequently, inactive, but we have no decline to notice in prises. Bengal has changed hands at 9s to 115; Madras, 8s to Os per cwt. Cleaned qualities are almost nominal. COTTON—The sales have been very limited, but we have no fall to notice in the quotations. WOOL—The sales are progressing at the opening decline of Id per lb. It is stated that 75,000 bales will be offered during the present series. The demand by private contract is heat y. The imports this week are 5,000 bales, chiefly from our colonies. INDIGO—So little is doing in this artiste that the quotations 70( 60c 1 9if cl - 111* 44* * 44* 5 104 *lo4* I. Closing PI We& Toad. Wed. Thurs. 1934 931 23; 6 ; 1 25; 6 , 26 t; 96 1•961 ;3i 7.16 :q 2171 216 71' - - ;20 21p 24 21p •I 22 p 21 p 8 I If 2 2 p 23 g 221 db 6t 11 12 p 2 9 1* 421 it 8t } 564 I 04 bt; 39 30 df 91 96 7 601 1 17 17} 13 16 2 8 p 18 19 25 7 86 8 10i I 971 98 114 1g 12} 171 8 -- p 1090 10i 7 7 107, b 1 i s2{ 4 65 7 Se 3 i 37e 84 4e , te Se i 32 St 108 10 77 9 16i 6i 78i 08 100 81 3 24 6 25 27 127 30 2} i i if g ; 36 97 16 17 S 24 1 22 pi 95i '2l 4p 25 p 964 96& 3 7-16 21 1 p