The Press.
London, England, 1856-02-16 00:00:00

1(4

taneously with Consols was maintained until yester-
day, when transactions showed rather a downward
tendency in quotations. T.) day the announcement
of the loan caused a fall in most descriptions equal
on the average to 1/. per cent. Business has been on
a very moderate scale. The settlement disclosed a
light account; but the rates for carrying over were
very high, particularly in London and North Wes-
tern and Great Western Stock.

Foreign Securities have been generally good, but
there is now a disposition, from the causes already
&scribed, t..) decline. The principal transactions
hive been in Turkish, but a fair amount of business
has been done in other descriptions. The Turkish
Six per Cents are firm.
Exchequer Bills 4s. dis. to par.
Th 3 South Sea Company have adopted the last
measures required from them as a corporation, be.
fare the final dissolution of that great and historical
corporation. The assets remaining to be disposed of
are stated to be 137.9051. Deducting 44,000/. to
meet outstanding liabilities and unclaimed dividends,
and 364/. for rent and salaries, the amount divisable
is 93,5411. Five per cent on 1,864,7351. South Sea
Stock will absorb 03,t236/., leaving a balance of 3001.,
which is to be appropriated among the officers of the
company. This famous company is now virtually
extinguished.
Several undertakings in the nature of Joint-stock
Banks have been projected, with a view to take ad-
vantage of the commercial activity in the East, which
is likely to be the first result of the return of peace.
One of these is the " Alliance Bank," an English and
French undertaking, with a capital of 800,000/., in
201. shales, on which a deposit of 51. is to be paid.
The head office is to be in Paris, with branches at
Constantinople and London : it is to be administered
entirely under the French laws, but the majority of
directors are to be English. Another undertaking is
the Ottoman Bank, with a capital of 500,0001., in 201.
shares. Mr. Layard is the chairman, and the direc-
tion is good. But a third is about to be announced,
under the authority of a firman from the Sultan,
which will, it is said, surpass both the others in all
essential respects. It is observable that in each of
these undertakings care has been taken to prevent
undue speculation by the payment of a deposit upon
every application for allotments. This, however, has
not been found an entirely adequate remedy, for a
speculative demand has been prevailing ail the week,
in consequence of which the scrip went to a con-
siderable premium. But it is now lower upon all,
while the dealings are fewer, and more caution be-
gins to be manifested in the support of enterprises
of this description.
The drafts of the Tipperary Joint-stock Bank were
refused on Tuesday by their London agents, Messrs.
Glyn and Co., but the next day they were duly
honoured, and the affairs of the bank go on as usual.
This bank has eight branches, and its last dividend
was at the rate of six per cent.
The City Bank have announced the issue of 1,500
new shares of 1001. each, at a premium of 8/. One
new share is to be allotted to every two old shares,
and the amount realised by the premiums, 120,000/.,
is to be applied to the commencement of a guarantee
fund.

BRITISH FUNDS.— Closing Prices.
OFFICIAL QcOTAI lON.
Mond. Tuesd. Wed. Tliurs.•
—— I
3 per Cent. Consols • • 11i 911 92 1j 91j 2
Dttto for Account
I per Cents Reduced
8 per Cents
Long Annuities
Beuk Stock, 7 per Cent — 314 I I
Omnium — I
Exch. Bills, 2fd. per diemi 7d7 3d dl 7d
India Bonds, (1,0001.) 1 I 7d 3d
BANK OF ENGLAND.

90}
1913 01'
921 1

4 Id
9d

An Account, pursuant to the Act 7th end sth Victoria, eap. 32
for the week ending on Saturday, the 9th day 01 Feb.,1826.
WWII DItP•IITMENT.
I
Notes Issued .... 1224,407,875 Government Debt 1211,015,160
Other Securities .. 3,459,96
Gold Coin a Bullion 9,932,573
Silver Bullion ....

824,407,878 I
LUCKING DI
Proprietors'Capitalll4,3s3,ooo
Rest
Public Deposits' 3,8e3.827
Other Deposits
Seven Day & other
Bills

124,407,875

rities ‘including
lleacll%eightAn.) £11,422.361
Other Securities .. 17.11644,429

Notes 6:604:400

Gold * Silver Coin