The Press.
London, England, 1857-03-21 00:00:00

loners Riarket ad otitg Inttllima.

FRIDAY EVENING.
THE return of the Dank of England for the week ending
the 14th inst., shows the following ci.anges compared with
that for the week preceding :

Decrease in Circulation
Increase in Public Deposits
Decrease in Other Deposits
Increase in Government Securities 1+4,217
Increase in Other Securities
Decrease in Bullion
Increase in Rest
Increase in Reserve
Circulation, including Bank Post
Bills
Bullion in Both Departments
This comparison shows a more favourable state of things
than was expected from the reports which prevailel last
week. Notwithstanding that the Bank parted with about
123,110ni. in gold to pay for the continental purchases of
silver, the Bullion shows a reduction of less than 13,000/.,
the balance being neutralised mainly by the addition to
the Government Deposits. At the same time the Reserve
has increased in consequence of the falling off in the cir-
cul.tion. That an active demand for mone; existed last
week is, however, proved by the diminution in the Private
Deposits. The Bank has added to its investment in stock
again, but the amount is immaterial.

The City is, comparatively, but little disturbed by the
proceedings of the several parties about to contest the
election. indeed, we scarcely ever remember a time when
there was less general interest felt in an election, whether
as regards the candidates themselves or the cause they
severally profess to champion. What interest is felt, is
certainly felt for Lord John Russell. The noble lord has
boldly thrown down the gauntlet against the presuming
clique which aims at farcing the electors to accept their
nominees. His courage, supported by the energies of an
influential body of supporter,. has cowed the clique very
considerably, so much so that there are vague rumours
about of offers to compromise matters by the retirement of
Mr. Raikes Currie. A few days' more agitation will, it is
imagined, effectually dispose of all hopes of success on the
part of Mr. Currie, as based upon tae personal policy of
Lord Palmerston, against the claims of Lord John.
The whole interest of the election is comprised within
these narrow limits.

Money has been in good demand all the week, and
maximum rates have been required in all cases. The
Bank has been the greatest lender, the supplies in Lom-
bard-street having been less liberal than for some time
past. Some degree of ease was felt yesterday, and par-
tially on Wednesday; not enough, however, to influence
the general market. But the foreign excl a ges tare
rather improved, and discount rates are lower in Hamburg
and some of the German commercial cities. On the other
hand, the demand in France has assumed very great
proportions, and the rates there now being the same as
ours, we have to sustain a formidable competition for the
use of whatever surplus capital is available in the two
countries. An expectation still prevails in son e quarters
that a few weeks will bring about an easier state co! things ;
but in other quarters, equally qualified to foim a sound
judgment, an apprehension exists lest the drain of gold,
which still continues, may compel the Bank Da-eAors to
try to arrest it by increasing the rates to six and a half per
cent. The market, through the operation of these con-
flicting opinions, btu; been to some extent unsettled, but
with an adverse tendency. Tc-lay there was a much
better feeling, especially when it was known that the ex.
c'ianges were again favourable, and that the Bar.k return
world be moderately good-
The movement in specie continues to present features
of importance. We have received but a moderate amount
from Australia, while the Bank has lost about 100,0001. by
withdrawals to pay for silver purchased upon the Conti-
nent. A small sum has arrived from the United States,
but it was all on French account. The exports have
amounted in value to fully 900,000/., including 787,4871., of

717'7
.p.