The Press.
London, England, 1856-07-19 00:00:00

This return, under all the

does not hold

out any promise of a reduction in the rate of discount
next week. _

The action of the Money Market has been more regular
and better defined in its character than it was last week,
although anomalies have occasionally arisen in conse-
quence of the apprehensions caused by the rather critical
state of the Paris Bourse. Those apprehensions, however,
are now to a great extent removed. The weak men upon
the Bonrse are gradually being weeded out, and, if the
legitimate trade of the country proves as sound as it is ex
pected to prove, in its present state of transition, there will
be nothing left to create real anxiety on this side the water.
More importance than they perhaps deserve is attributed
to the renewed purchases of gold by the Bank of France at
a premium upon the market price. Those operations must
assume far more extensive proportions, and be more con-
tinuous in their character than they are, to produce any
serious effect in diminishing our own supplies of gold.
We have reason to believe that altogether about 1,000,0001.
has already been purchased, and that this amount, in con-
junction with the repayment of discount advances in the
current month, will be sufficient to maintain the metallic
reserve of the Bank at a point which will render the re•
sumption of purchases upon any important scale unneces-
sary. In fact, when the orders now on hand have been
executed, any others that may be given will be contingent
and not absolute. In the meantime the specie imports
during the week have been large, and considerable amounts
are still due ; so that, as far as our stock of gold is con-
cerned, the Money Market is not likely to be injuriously
affected ; and it is this conviction that has imparted to it
the tone of ease and confidence which have been its chief
features during the week. The revers;e rates have been
from three and three-quarters to t.,ur per cent. ; but yes-
t.rday and again to-day inatan es occurred of the best
class of bills having been disc• noted at three and a half
per cent., or one per cent below the Bank n.inimum.
The arrivals of specie during tile week have amounted
to 1,276,1031., viz., 399,0001. from the United States,
668,0001. from Australia, and 209,1311. from the West
Indies and the Pacific. About suomm. are said to have
been purchased on account of the Bank of France. Even
if that amount proves short by 200,0001., there is little

doubt that fully 500,000/. will be sent into the Bank of
England. The export of silver to India and China by the
packet of the 20th, will be less than 400,0001.
Consols have been steady all the week, having scarcely
varied since last Friday. They left off that day at Obi
to for Account; and the fluctuation has scarcely been
equal to one quarter per cent. The tone of the market
has been good; but business has been restricted,—partly
by apprehensions relating to the Paris Bourse, and partly
by a desire, which extensively prevailed in the early part
of the week, to ascertain our own probable financial posi-
tion, as indicated by the Bank return of to-day and the
continental demand for gold. To-day the price remained
stationary at 951 to j for account. Business is still in-
active.
The premium upon Exchequer Bills has advanced 2s. to
3s. during the week. It now ranges from 21)s. to 245.
Foreign Securities have been dealt in to a moderate ex-
tent, and prices have somewhat advanced since our last,
except Spanish, the value of which has been affected by
the disturbances in Madrid and other great towns.
Railways during the week have been depressed.
A good deal of movement has taken place in Riga and
Dunaberg scrip, owing to conflicting reports as to the
concessions from the Russian Government. The conces-
sion, however, from a circular issued yesterday, appears to
have been regularly and legally secured.
Joint-stock Bank Shares have been in good inquiry, the
principal transactions having been in Ottomans, which
still command a premium of three and a quarter to three
and a belt.
Miscellaneous Shares have shown but little activity, and
the changes are only partial.
The dividend on the Brighton Railway Stock is to
be 21. 10s. per cent for the half year, after paying which a
small balance of 2191. will be carried over.
The Trade Reports of the week are nearly all of a favor-
able character.

BANK OF ENGLAND.

An Account, pursuant to the Act 7th and Btb Victoria, cap. 32
for the week ending on Saturday, the 12th day of July, 1858.

181401 i OEP&HTYENT.

I
Notes issued .... 426,273,605 Government Debt 411,015,100
Other Securities .. 3,459,900
Gold Coins Bullion 11,798 605
...

Silver Bullion ....

A 26,273,605
BANKING Di

Proprietore'CapitalCl4,s63,ooo Government Seen.
Rest
Public Deposits' 2,647,500 Dead WeightAn.i V 4.208.464
Other Deposits .. 12,1:48,812 Other Securities .. 18,773,62 d
Seven Day & other Notes 5,431,720
Bills

653,996,734
of National Debt,

* Including Exchequer, Commissione
Savings' Banks. and Dividend Accounts.