The Press.
London, England, 1857-10-31 00:00:00

THE PRESS, OCTOBER 31, 1857.

Atom ffiarliti aito 6141 Antelitgenct.

FRIDAY EVENING.
THE return of the Bank of England for the week
ending the 24th inst. shows the following
changes compared with that for the week preced-
ing
Increase in Circulation
Decrease in Pabhc Deposits
Increase in Other Deposits
Decrease in Government Securities 306,060
Decrease in Other Securities
Decrease in Bullion
Decrease in Rest
Decrease in Reserve
Bullion in Both Departments .... 9,369,794
Circulation, including Bank Post
Bills
The decrease in the Public Deposits is due to the
payment of the dividends; and as this operation is
substantially complete for the quarter, the Reserve,
which is now exceedingly low, may be expected to
improve. The main feature in the c.imparison is the
further decline in the stock of Bullion. It has now
fallen to but a fraction more than 9,300,0001. This
aggregate is but about one million more than the
amount of the Stock in October, 1E147. In the present
week a further reducton has taken place ; and as
very halo bullion is now coming in, and for what
does arrive there is an active competition, it is not
satisfactory to contemplate the effects if something
does not very soon occur to neutralise them.
The week has been one of considerable
anxiety in the Money Market. The failure
of remittances from the commercial cities
of the United States has brought down a good
many establishments in the manufacturing districts
both of England and Scotland ; and these again have
struck at some of the banks in Liverpool and
Glasgow, who from erroneous management have
locked up their reserves in securities either incon-
vertible or of no value. The Western Bank of Scot-
land, a very large concern in Glasgow, is in difficulties
of this sort; but it has obtained assistance on the
condition, it is believed, of winding up. The Liver
pool Borough Think has definitely suspended, after
having obtained an engagement from the Bank of
England to render temporary aid upon certain terms ;
and those terms, after having been accepted, could
not be fulfilled. This concern must therefore be

wound up. Several other banks, whose connections
are principally in the American trade, are reported
to be embarrassed ; but the letters this morning say
they will get over them.
Very little specie has been imported during the
week. It has been principally in the form of silver
coin and bars from the Continent. Nothing has
come in from Australia. The exports have amounted
to about 300,0001., of which about 250,0001. have
been sent to America. The next steamer for
Alexandria will take out nearly 1,000,0001. for India
and China. These exports will be large for the
remainder of the year, as the East India Company is
now a buyer of silver in order to replenish its
exhausted treasury at Calcutta. The Bank has
parted with about 60,0001. during the week for export,
and to-day an additional sum of 60,0001. was with-
drawn. Some Russian gold has arrived from St.
Petersburg, but it was immediately purchased for the
Continent.

The Continental Exchanges are about the same
as last week; it anything not quite so firm.
Consols have shown considerable firmness.
Previous to the arrival of the American news and
the intelligence of the capture of Delhi they were as
low as 884 to 3 for account ; and from that price they
improved to 89 to I. These favourable circumstances,
however, were materially assisted by the purchases
of the public for money having been resumed to a
considerable amount, and by the fact of no further
enhancement in the rate of discount. The final price
yesterday was 89 to *. This morning there was
favourable news from America, and they improved to
89a_to

Foreign Securities have been flat along with Con•
sols ; but they are now firm. The principal dealings
have been in Turkish Stocks, which improved 20s.
to-day.
Railway Shares were temporarily depressed, but
they are now better, and some of the heavy stocks
have improved considerably. Business has been
conducted in a very cautious spirit in the Railway
Macket during the whole week. To-day there was a
general advance of from a quarter to three•quarters
per cent.
Business in Banking, Mining, and Miscellaneous
Stocks has been upon a most limited scale.
The Provincial Trade Reports are by no means
satisfactory. The silk trade is particularly depressed,
and in the most busy districts of Lancashire the
practice of working short time has commenced, and
is extending.