The Press.
London, England, 1856-02-23 00:00:00

slang glarlitt ad Citg 42atiligentt.

FRIDAY EVENING.
THE return of the Bank of England for the week
ending Feb. 10, shows the following changes com-
pared with that for the week preceding :

Decrease in Circulation £100,875
Increase in Public Deposits
Decrease in Other Deposita
Increase in Government Securities
Decrease in Other Securities
Decrease in Bullion
Increase of Rest
Increase in Reserve 2,120

Bullion iu Both Departments
Circulation, including Bk. Post Bills 19,494,531

This comparison shows some rather considerable
changes. The Government deposits, owing to pay-
ments on revenue account are gradually increasing,
though still much below the usual average amount
at the end of February. The addition to the Govern-
ment Securities is partially owing to temporary
advances. The diminution in the Private Deposita
denotes an active employment of money out of doors;
while the Private Securities, owing to the moving off
of acceptances, show a considerable falling off. The
decrease in the stock of Bullion is rather large when
taken in connection with the falling off in the pre-
vious return.

The loan required by the Chancellor of the Ex-
chequer is only 5,1,00,000/., but it is to be accompr-
nied by the funding, of outstanding Exchequer Bills
to the amount of 3,000,0001. Both these sums, when
announced at the Treasury on Monday morning,
occasbned general surprise, which is scarcely yet
dissipated, as it is certain that the necessities of the
Government must, shortly after the close of the cur-
rent financial year, in April next, compel them again
to appear in the market as borrowers, whilst it is a
question whether the country will derive any real
advantage from the operation having been divided.
The present loan will be absorbed, or nearly so, by
the deficit upon the present quarter, which was es-
timated by the Chancellor of the Exchequer last
night at 4,000,0001.; and, with regard to the expel.
diture for the coming year, it is difficult to see how
it can be much less than 93,000,0001., even in the
event of peace. Assuming the existing taxation to
remain, there will be a balance against the country
of 19,000,0001., upon the lowest estimate. With-
out entering into the details upon which this prospec-
tive deficit is estimated, there is only one of two way a
of reducing it,—either by a second loan to a large
amount, or by increasing the income tax to ten per
cent. Indeed some ominous signs have already a; -
peared in certain quarters, showing that the latttr
alternative may possibly be attempted, if the Govern-
ment perceive any chance of support in the House of
Commons.
The loan is to be in Three per Cent. Consolidated
Annuities, and the days of payment, and the propo:-
tions of the contributions, are to be as follows :
Tuesday, Feb. 20, deposit of 10 per cent.
Monday, Mar. 3, do. 10 PO
Tuesday, „ 13, payment of 25
Saturday, „ 29, 25
Thursday, Apr.lo, 15 :1
Thursday, „ 24,

100

The proportions of the deposit and instalments stated
in the proposal for funding 3,000,0)01. Exchequer
Bills are :

Feb. 26 .. Deposit .. 10 per cent.
March 3 .. ~ .. 10 „
„ 13 .. Instalment.. 20 „
20 • • f t .. :30
April 10 .. _ . 20
„ 24 ..

to

Originally, the deposit on each operation was fixed
at twenty per cent., but the Chancellor of the Ex-
chequer afterwards consented to divide it into two
payments. An option was given to the contractors
ti pay money instead of Exchequer Bills, at 100/. ss.
in money for every 100/. in Exchequer Bills. It was
stated, in the course of a short conversation with the
capitalists who attended at the Treasury on Monday,
that no similar financial measures will be taken
during the period (two months) in which the loan
and funding are in progress; but the Premier ad.
mitred that the Government are in want of money.
The only capitalists who invited subscriptions for
the loan and funding were Messrs. Rothschild, and
that firm received applications up to two o'clock yes-
terday. It is said that they were to more than five
times the amount required. The biddings took place
at the Treasury this morning, when Messrs. Roths-
child offered to take the loan at 891. The Govern-
ment declined these terms, as they required 001; and
eventually that price was accepted. The House of
Commons have agreed to resolutions confirming
both the loans and the funding. Although the
loan is now negotiated, complaints are loud at
the rapidity wit which payment is required.
Little more than eight weeks are given for the pur-
pose, while the two instalments falling due in March
are for twenty five per cent. each, being 2,500,000/.2
or exactly one-half of the whole amount.
Money has been in great demand all the week,
owing to parties making provision for the deposit on
applications for participation in the loan. In many
instances seven per cent. has been paid, although
the Bank has been lending during the last few days
upon Government Stock at six. The commercial
demand is increasing, and the bills falling due next
week will be unusually heavy.
Consols have improved during the week, having
been influenced by the comparative smallness of the
loan, the hopes of peace, and a steady demand from
the public forinvestment. Before the amount of the
loan was announced they were at 901, but
immediately afterwards they advance.! to 91 to 4.
At a subsequent period they receded to 901 to 1 fur
money, and 904 to 4 for the Account. Yesterday
they opened at these quotations, but improved, for
the Account to 914, upon the demand for money
having partially relaxed, and upon the appearance of
some quasi official statements in the French press
to the effect that there was a complete ratity of pur
pose between England and France in respect to the
interpretation of the most difficult points which the
Conference in Paris will have to discuss before peace
can be made. To-day they opened at 911 buyers,
and after several fluctuations closed at 914 to 4 fur
the Account, and 901 to 91 for Money.
Transactions have taken place in the scrip of the
new loan at quotations varying from 11 to 14 pm.
Last night the price at the close was 1 5-16 to 1 7.16
pm. ; and to-day 1 to 11 pm.
Railway Shares, which were dull in the early part
of the week, were aztive yesterday and to-day, and
prices are firm. Great Westerns improved 30s. to
day, and the leading Scottish lines were also higher.
The differences between the London and North-
Western and Great Northern were satisfactorily
arranged to day.

For-eign Securities are generally improving, but
with a comparatively limited buiiness.
_ .

Joint-stock Bank" Shares present no new feature,
but they maintain their position in public estimation,
and are a favorite security. London and Paris,
which at one time were quoted at 4 dis., improved to
1 dis. at the close. The shares are now more in-
quired after. The Western Bank of London main-
tains it: price.

Specie to the amount of 00,0001. has arrived during
the week. All the late import of silver has been
sent to India and China.

The Continental Exchanges are better ; but it is
still unprofitable to bring gold from the United
States in the ordinary course of trade, though there
is an expectation of some considerable arrivals.
The Board of the London and County Bank,
which has lost one of its leading members by the
unexpected death of Mr. Sadleir, has just received
an addition of three members. The batik is stated
to be secured against loss by the lamentable event
referred to. The deceased appears to have died
deeply involved, and estimates of a vast amount are
afloat as to the extent of his liabilities. He was
chairman of the Royal Swedish Railway Company,
some of the shares in which, and bonds or obliga-
tions, are stated in a notice issued yesterday to have
been improperly issued, and the public are cautioned
upon deal;ng in, or of purchasing them.
The Board of Trade accounts for the year 1855
were issued yesterday. The exports of the year

FROM THE LONDON GAZETT
Tuesday, Feb. 19.

BANKRUPTS.—A. WHITTINOHAX, Woolwich, outfitter—J.
WHITE, Brentwood, carpenter—J. TURNER, Biahopsgate-street,
City, baker—F. L. SIMOND, Cullum street, City, merchant—C.
WOLF, St. Paul's Churchyard, and other places, cook and onrien-
tioner —W . WELCH, Birmingham, packing-case maker—J. EnoE,
Kidderminster, carpet manufacturer—T. sTuicrox and E. KEY,
Holbeach. Lincolnshire, scriveners—D. DAVIS. Merthyr Tydfil.
Glamorganaltire, general shopkeeper— W. MASSA, Sheflield,
hatter—T. Beim, Liverpool, clothier—H. ANDREW, Tyldesley,
Lancashire, shopkeeper.
SCOTCH SEQUESTRATIONS.—T. ROBERTSON, Glasgow,
baker—W. RODGER, Glasgow, tea merchant—W. Hoitx, Glasgow,
fleaher—T. BOWIE, Forres, shoemaker—W. KENNEDY, Edin-
burgh Igrocer—A. WArr, Iladdingtott, farmer.
Friday, February 23.
BANKRUPTCIES ANNULLED.—TnomAs SPENCE, Mary-
land Point, Stratford, Essex, market gardener—TnowAs WHITE-
HEAD, Eastcheap, City, sugar dealer.
BANKRUPTS—HENRY MARTIN and SAMUEL FOOTE, Batter-
sea-fields, brewers—F:BENEZER DAY, Edgware-road, builder—
WILLIAM SMITH SLATER, Birkenhead, timber merchant—Trws.
D tvims, Abergavenny, butcher—Enwitt RODGERS and Jona
FROST RoDoEuts, Walsall, Staffordshire, grocers—JosiArt .1.
HATCH, FlitlAy-Street, furrier—THOMAS TURTON CLARKE and
JAr Es WADE, Huddersfield, woollen manufacturers—WlLLlAU
PCYNE. Jermyti-street. St. James's, hotel-keel er—MARY CAtto-
LINE liii-oxsoirE, Cardiff, wine and spirit merchant.
SCOTCH SEQUESTRATION.—Jonx OAr.raArxa, Clasgow,
miller.

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pe4ropolitan Parktts.

(Reported exclusively for "Tnz PRzas.")

....
941 4

CORN EXCHANGE—Since our last report the arrivals of
English wheat, coastwise and by land carriage, have been but
moderate, though iu somewhat improved condition. Most
kinds have sold steadily, at au advance in the quotations of
from is to 2sperquarter, and good clearances have been effected.
Foreign wheat—the iwpo.ts of which have been small, though
we learn that numerous vessels ladenn with grain are off rue
coast for ordeta—has been held at lull quotations. The business
doing in it, however, has been very moderate. Fine barley has
produced a tritte more money; but low qualities have continued
dull. We have no improvement to notice in the demand for, or
value of, rata. Oats have sold to a fair extent, and teed
qualities have changed hands at an advance of 6d per quarter.
Beans, hog and grey peas, have ruled about stationary; but
white peas have fallen 2s per quarter. There has been about an
average business doing in hour, at full quotations.
r:somsh—Wheat, Essex and Kent red, Us to 809; white,
60s to 775; Norfolk and Lincoln red, 599 to 735. Malting barley,
32a to 38s ; grinding ditto, 29s to 325; (distilling, 305 to 338.
Malt, 60a to 765. Feed oats, 24s to 255; potato, 25s to 295.
Rye, 50s to 535. Tick beans, 328 to 335; Harrow, 35s to 40a;
pigeon, 3811 to 425. Grey peas, 349 to 35s ; maple, 348 to 375;
white boilers, 42s to 46a per quarter. Town•made sour, Os to
675; country marks, 49a to bla ; households, Ws to Os per
2801 be.