The Press.
London, England, 1854-09-02 00:00:00

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APPOINTMENTS AND PROMOTIONS.
APPOINTIISNTR.
Captains—William Moorsom to the Firebrand; Cospateck B
ramilton to the Ceylon.
Commander—Thomas Cochran to the Mariner.
Lieutenant—Richard B. Foster to the Swallow.
Muter—Thomas Huss to the Harrier.
Second Master—Thomas Pounds to the Arrow.

PROMOTION.
Assistant-Surgeon—William B. Dalby, of the Royal Hospital,
Plymouth, to be Surgeon.

FROM THE LONDON GAZETTE.

Tuesday, August 29.
BANKRUPTS.—JAMES MARTIN, Maidstone, hatter—GEonot
HARRIS DR REISZTT, Birchin-lane, merchant,—CHAßT.EM LLYET,
Ely, Cambridgeshire, ironmonger—CuramEs LORD, bleet-street,
tailor—JOHN EDWARD RATHBONE, late of Threadneedle-street
and Moorgate-street dealer in mining shares—SAMUEL FINITES,
Brierley-bill, Staffordshire, ironfounder—JAMEß R►ND, Longton,
Staffordshire, grocer—PHlLlP PAIGE, Torquay, Devonshire.
lodging-housekeeper—JoHN DAUDIROM, Huddersfield, wine mer-
chant—ROßE RT NEsts, Sheffield, grocer--Jesrs LAWRZSCRSON,
Blackpool, Lancashire, innkeeper Jowl' WHITE, Ormakirk,
Lancashire, builder—WALTEß GRAHAM, Blackburn, draper—
THOMAS LIGHTFOOT, Stockport, grocer—PATRICK FARRELL and
JOHN GRIFFITHS, Manchester, builders—WlLLlAM HOLLINS,
Manchester, commission merchant—Ozortoa fitistnto, late of
Manchester, licensed victualler.
SCOTCH SEQUESTRATIONS. —W. JarantsoN, Glasgow,
stockbroker—S. M'Mr LLAN, Kilmarnock, calico printer.

Friday, SPptember 1.
BANKRUPTS.— JOHN D. HUMPHREYS, Caledonian-road,
engineer EnwiN MAW. Seacombe. Chester, iron founder—
THOMAS GOODWORTH JACKSON, Goole, joiner FREDERICK
LANOMAN, Wolverhampton, druggist—WlLLlAM JOHN NORMAN-
VILLE, Queen's-road, Regent's-park, commission agent—ROBERT
BROOKS, Blackburn, draper—Cnalsroeurn ALLERBON, Lower
Tottenham, Middlesex, grocer—JoHN HARDISON (and not
Daudison, as before advertised), Huddersfield, wine and spirit
merchant.
SCOTCH SEQUESTRATIONS.—AtxxAnnza Daustmown,
Glasgow, merchant—THotus TAIT, GIIMISTIOD, baker—LAvrazz
and Co., Partrick, Glasgow, engineera—Rozzar Burros
Srzunsos, Edinburgh, late of Glugow, commission agent.

837

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FRIDAY EVENING.
MARK-I.ANE suffered from a panic on Monday, and,
as the natural consequence, the Consol Market was
exceedingly buoyant. Prices had left off firm on
Saturday, with a slight improvement upon the pre-
vious quotations ; and when it transpired on Monday
morning that wheat had fallen nearly 10s.per quarter
there was an immediate and considerable advance in

all the public securities. Consols had stood at 94*

when business ended last week, but opened at 041,
and rapidly rose to 941, other stocks improving in
almost equal proportion.
The advance was aided by a continuance of splen-
did harvest weather, and proceeded, without a cheek,
during Tuesday and Wednesday. The crops
throughout a large section of the United Kingdom
were then deemed safe and prosperous, and the
resulting consequences to the country, in a money
point of view, must be estimated at an enormous
amount on either side. To the producer the enhanced

quantity will have added a valve of perhaps fifteen
millions to his possessions. To the consumer the
diminished price would save thirty millions in his
expenditure. And the happy escape from the neces-
sity of buying wheat abroad, or at all events of buy-
ing so much, promises to relieve the Money Market
from that constant drain of bullion which in less

fruitful years has so frequently involved commerce
and speculation alike in terrible disasters. With
this dread removed, the Discount Market became
easier, and cash was readily procurable, at lower
rates, both on the Stock Exchange and for commer-
cial paper. It was believed in some quarters that
the Bank directors would speedily lower their
rate of discount. Some parties even expected th at
a resolution to that effect would be passed at Thurs
day's meeting; and in Lombard-street first•class
bills were already cashed under the Bank rates.
During these two days Consols successively advanced,
on Tuesday to 954 4, and on Wednesday to 951. For
the account on that day the closing prices were 951 8.
The total rise since that day week was close upon
two per cent.
Yesterday a reaction set in. Large sales were
made to realise profits or cover speculative purchases.
No reduction of discount was agreed upon in the
Bank parlour, and the announcement that Bomar.
sund was to be blown up and abandoned proved
that there was no truth in the reported junction of
Sweden with the allied powers. Another cause of
depreciation was found in the absence of news from
Turkey respecting the expedition to the Crimea.
Since the easy capture of Bomarsund, the fall of
Sebastopol was considered so much a matter of
course that the event was already " discounted "
upon the Stock Exchange. As time went on, there-
fore, and it became more and more uncertain that
the place would be attacked this year, the conse-
quences upon the market were almost equivalent to
those of an actual deficit. Altogether the quotations
drooped nearly 1 per cent., the last prices being 95
to for money, and 954 4 for the account of
the 13th.
At the opening to-day there was a slight rally,
Consols being done at 954 1 for present transfer, but
the market soon became heavy again, and closed at
a further fall of a quarter per cent. The last
quotations were :--Consols 941, b. Reduced had fallen
from 951 to 95, and the Three and a Quarter per Cents.
from 96 to 951. Exchequer Bills are 2s. to 4s. prem.
Exchequer Bonds of 1859, 981. Bank Stock, 209
211. South Sea Stock, 115.
The third instalment of 20 per cent. on the A
series of Exchequer Bonds will fall due next week
(on the Bth inst.), and absorb 400,0001.
Some large parcels of specie and bullion have
arrived. The A tra to has brought 325,0001. from the
Pacific, the Atlantic 140,0001. from New York, and
the Essex, from Melbourne, has landed gold-dust
worth 180 to 200,0001.
FOREIGN.

The principal movements in the foreign stocks have
been those of the new Turkish scrip, which has os-
cillated considerably during the week. The lowest
quotations, those of Tuesday, were 51 premium.
Since then the market has improved for these secu-
rities, which have been firm to-day at oto prem.
Other foreign stocks are buoyant. Russian Fives
were 1 per cent. higher this afternoon, reaching 100
to 102. Spanish Three per Cents. were 38 I.
Mexicans, 241 5.
RAILWAYS.
Railway shares have participated in the liveliness of
the Consol Market, and most of the I,nes are com-
manding a better price. On Tuesday the fortnightly
settlement came off, and showed the consequences of
the large Bear operations that had taken place last
week when the unfavourable dividend rumours
ob-
tained currency, by leading to a marked scarcity of
stock, with a concurrent rise in prices. Great
Western and Great Northern stocks were especially
wanted, and from one-eighth to three-eighths were
demanded and given as " backwardation," in order