The Press.
London, England, 1855-09-29 00:00:00

SErr. 28.

ARMY WORKS Conrs.—William Thomas Doyne, Esq., to
be Chief Superintendent.
Scots Fusilier Guards—Frederick Palmer, Gent., to be
Ensign and Lieutenant, without purchase.
BREVET.—Captain and Brevet-Major the Hon. Leicester
Curzon, of the Rifle Brigade, the bearer of the despatch
announcing the brilliant and important success achieved
by the army under the command of General Simpson, and
the capture of Sebastopol, to be promoted to the rank of
Lieutenant-Colonel in the army.

ADMIRALTY, SEPT. 27.

Corps of Royal Marines—First Lieutenant Frederick
Edward Budd to be Captain; Second Lieutenant James
Sinai' to be First Lieutenant.

littlLYET.—Captain Franciß Augustus llalliday to be
Major.

NAVAL AND MILITARY INTELLIGENCE.

Detachments from the depot battalions at Limerick
and Birr, comprising the 9th, 17th, 21st, 39th, 57th,
63rd, and 89th depots, are to send out to Malta 3
captains, 19 subalterns, 11 sergeants, 30 drummers,
and 404 rank and file. No man under 18 years of
age is to embark.
The 7th company, 13th battalion, of the Royal
Artillery, under the command of Captain Cannon,
embarked for Corfu yesterday. In consequence of
the ill health of Captain Cannon, the order fir him
to accompany his company has been countermanded.
The Arabia steam-transport left Portsmouth on
Wednesday evening for the East. The Hansa steam-
transport is ordered to be paid out of the transport
service. The receiving•ship Hibernia will go out et
Hanaoaze, Plymouth, on Tuesday next, preparatory
to sailing for Malta.
Lord Seaton and Colonel Gordon Higgins have
determined to brigade several of the militia artillery
regiments at the Curragh.
A local paper reports that the Stirling Militia regi-
ment, which has already given more men iu propor-
tion to the line than any other Scotch militia
regiment, took a very decided step on Monday last.
Upon parade, a large portion of the men simul-
taneously stepped out of their ranks and took a
station a pace or two in advance. When asked by
the adjutant what this meant, they replied that they
wished an opportunity to volunteer for foreign ser-
vice. When next day the case was formally laid
before the officers of the regiment, they also con-
sented, and thus the corps, in all but a formal
acceptance by the military authorities, stands ready
for foreign service.
The reserve battalion of the 91st Regiment arrived
at Plymouth io H.M.S. Penelope last night, from the
Cape, where it has been stationed for several years.
With the exception of the 12th, the 91st is the only
regiment with a reserve battalion, and when the two
battalions are amalgamated a very strong well-
seasoned regiment will be available for the Crimean
service. The Ist battalion of the 91st is at Athens
at present.
The Great Tasmania transport sailed on Wednes-
day afternoon, from Plymouth, with the 3rd Middle-
sex Militia, for Corfu.
Admiral Sir Charles Napier is about to visit Devon-
port. He will be the guest of Admiral Sir J. 11.
Plumridge.

ronel Vad at and Citg attiligtart.

FRIDAY EYENTNO.
THERE has been a heavy fall in the price of all
descriptions of securities this week, caused by a
serious pressure for money, which it seems difficult
to account for. The general trade of the country is
in a satisfactory state—there is a total absence of
excessive speculation, and the arrivals of gold con-
tinue on a large scale. Yet in spite of these favor-
able circumatances, and without any disastrous
accounts from the seat of war, Consols have this
week experienced a fall of nearly 2 per cent., and the
depression of Turkish securities has been much

greater. Consols for 12th October, which on Satur-
day left off at DO/ 1, closed this day at 88/. The
Turkish Six per Cents. have fallen between 4 and 5
per cent., and the Guaranteed Four per Cent. Stock
is about 2 per cent. lower. The decline has been con-
tinuous throughout the week, but was most severely
felt on Wednesday, when Consols for account, which
closed the previous day at 891 to sank at the close
to 881 In the Turkish Six per Cents on the same
day the fluctuations were so violent as to almost as-
sume the shape of a panic. For money the opening
price was 891 and closed at 87 to 1. On the following
day the fluctuation was equally marked, the price at
one time falling so low as 811, but subsequently they
recovered to 86, and were last done that day at 8.4 5.
As securities of all kinds are more steady to-day, there
is ground for hoping that the pressure is past, more
especially as the Bank on Thursday raised its rate of
discount to live per cent., with only the effect of pro-
ducing greater steadiness in the market.

The primary cause of the depression is undoubtedly
the heavy s iles of securities by the Bank of England
and other influential holders, but as those sales have
been effected from prudential motives, we must
look deeper, and are compelled to suppose that the
pressure is attributable to the rapid decline in the
stock of bullion held by the Bank.
This decline is in itself a most singular circum•
stance. A daily contemporary has shown that in the
last seventeen weeks the imports of gold have
amounted to 8,651,0001., and the arrivals still con-
tinue very heavy, the total receipts from Australia
last Saturday aline being 097,0001. The mines of
California are now yielding more largely than they
have ever done before, and it appears unaccountable
that in the face of these immense supplies the Bank
of England should be unable to keep up its stock,
when we might reasonably look for a large increase.
The new Turkish Loan certainly will not account for
the drain, neither will the ordinary mercantile trans-
actions of the country, but it may perhaps be ac-
counted for by the enormous quantities of bullion
required for the support of the allied armies in the
East. A large portion of this supply finds its way
into the hands of Greek merchants, and is by them
diffused through every country with which they hold
commercial intercourse. Indeed, the Greek popu-
lation of Turkey have at present been the main
gainers by the war, and will assuredly emerge from
it, whatever may be the political results of the con-
test, more powerful than they were.
Had the suggestion which appeared in THE PRESS
some months ago of the establishment of a Head-
Quarters Bank been carried out, there can be little
doubt that it would have been attended with immense
advantage to the pecuniary interests of our officers
and men, and would have prevented the necessity of
those large exports of bullion which now partially
derange our monetary circulation.
Another cause of the Jrain is the amount of bul
lion required to pay for Russian produce. Our
exports to that country are entirely stopped, while
our imports from it continue very large ; and hence
perhaps it is that the rate of Russian exchange still
continues as high as 36d. notwithstanding the great
increase in the issue of paper money.
Manufacturing trade is generally reported to be
in a healthy condition. Complaints of slackness are
heard from Manchester, but the woollen and linen
manufactures are moderately active. The demand
for arms keeps Birmingham fully employed, and
large supplies of manufactured iron are required for
export to the East Indies, and to some extent for the
Crimea.

The decline in the Bank Stock of bullion this
week has been to the extent of 420,0001. It appears
not unlikely that the drain will now be stopped.
The closing prices this day were—Consols, 881
881 for present delivery, and 881 881 for the 12th of
October. Exchequer Bonds, 981. Exchequer Bills,
4s. dis. to par. Turkish Six per Cents., 841: the
Four per Cent. Scrip, 1i die. Spanish 38 to 381;
ditto Deferred, 191. French Scrip, 11 prem. Dutch
Two-and a-Half per Cents., 041 041. Mexican, 211.
SHARES.

The Railway Share Market has participated in the
decline of otter securities, but were rather more
buoyant to-day. Great No►thern A Stock improved
to 681 69. Caledonians ranged from 59* to 58g.
Great Westerns, 551 to 54i. North Westerns, 921
to 911. Midlands, 65 to 641. Norfolks, 1/. lower.
Berwicks, 69. Yorks, 46. Seuth Easterns, 571
to 571.