The Press.
London, England, 1856-04-12 00:00:00

glonti Alarket anb Citg

FRIDAY EvExiNo.
THE Bank of England return for the week ending
the sth inst., shows the following changes compared
with that for the week }:receding :
Increase in Circulation ....
Nereus in Public Deposits 1t2e3,403

SATUItbAY,

Decrease in Other Deposits
Decrease in Government Securities
Decrease in Other Securities
Decrease in Bullion
Increase in Rest .... ...
Decrease in Reserve
Circulation, including Bank Post
Bills
Bullion iu Both Departments

It was reported yesterday that the present return
would prove to be unfavorable ; but we think few
persons anticipated such results as are shown in the
main items of the above comparison. As a whtde,
with regard to the resources of the Bank, whether in
relatioa to its stock of bullion or its reserve of coin
and notes, this return is worse than any that has
been published since the memorable crisis of Octo
ber, 1847. Indeed, it is no better than some that
immediately preceded that anxious period. The
bullion is now but a mere fraction above 10,000,000(.,
and the reserve but a fraction in excess of 5,000,0001.
It is fortunate, indeed, that trade is sound; it is for-
tunate that we are retaining the gold that has re
cently arrived ; it is fortunate that the exchanges
are favorable ; and, more than all, it is fortunate
that peace is made. Had these conditions been re-
versed, but to a slight degree, it is hardly possible to
see how another crisis could have been averted with
all its perils and catastrophes. There is, happily,
reason to believe that the bullion has now fallen to
the lowest point possible under present circum-
stances, and that next week's return will show the
commencement of a progressive improvement ; but
it must be remembered that the demand for specie
from India is intense, and that we are not yet quite
certain that the Bank of France has discontinued its
irregular operations for obtaining supplies of gold.
These are important considerations at the present
moment. The decrease in the Public Deposits is
very large ; and as it has occurred during the week
previous to the payment of the April dividends to
the public, it can only be accounted for on the pre-
sumption that the war expenditure is not yet ma-
terially reduced. By an arrangement with the Bank,
the banking establishments in the metropolis receive
the dividends payable to them a few days in antici-
pation of the public ; and, therefore, a portion of the
decrease may be explained. The decrease in Private
Securities is counterbalanced by that in the Private
Deposits. The diminution of bullion is said to have
been caused by the exports to India; but this is not
sufficient to account for so great a sweep as the hulk
of the demand from that quarter is for silver. With,
out going into further explanations, we can wily
repeat that the present return is most unsatisfactory
in all essential respects.
The Money Market has been characterised by an
animated demand during the greater part of the
week, relieved by occasional intervals of ease. Owing
to the increasing activity of the home and export
trade, and to additional production in the staple
manufactures of the North, the commercial demand
has been in excess of that in any week for the last
twelve months, and the discount houses have conse-
quently found profitable employment for their funds.
No abatement in rates is reported, but particular
cases are known in which the quality of the paper
offering has induced transactions slightly below the
general minimum. The Bank has done an active
discount business during the week. Judging from
the impetus which the return of peace is gradually
communicating to the principal branches of indastry,
and from the constant arrival of foreign and coloeigl
orders in nearly every description of article made in
this country, it is not probable that the commercial
demand will speedily fall off. The high rates re-
quired are certainly the subject of serious complaint,
because they naturally diminish profits, but the trade
of the country has by a severe process gradually ac •
commodated itself to this state of things, until, on
the whole, there is less complaint than formerly of
the dearness of money. At the same time the
slightest reduction would be most
gladly accepted,
and it would immediately remove a great portio s of
the languor which now obstructs the operations of
secondary establishments.
Yesterday the sum of 1,350,000/. was paid
into the Bank of England on account of the
fourth instalment of fifteen per cent. of the
Five Million Loan and the instalment of twenty
per cent. upon the funding of the outstanding
Exchequer Bills. This payment was effected with-
out producing any particular pressure; but the
preparations for it in the early part of the week led
to a considerable demand for temporary advances
both upon the Bank and in the Stock Exchange. On
the Stock Exchange, being combined with the prepa-
rations for the Consol settlement of the April Ac-
count, these preparations induced a rise in the rates
to seven per cent., which was the maximum. Subse-
quently, they declined; and the average of the week
may be taken to have been rather less than six and
a halt. On the Stock Exchange to-day the demand
was renewed in anticipation of the railway settlement
which commences to-morrow; but rates remained

unaltered.

PRIL 12, 1856•

Foreign Exchanges are now in favour of this
1, and gold is slowly coming in through the
ordinary course of trade. An enormous demand,
iowever, still exists from India and China, which is
absorbing specie to the amount of not much less
• 400,000/. every ten days; and coin has still to
to the East in large amounts. The first of
(rains is not expected to cease, or even to
for a long time to come; the second will pro-
disappear, or be appreciably neutralised within
iparatively short period. The demand, on ac-
of the Bank of France, is still suspended,
orders in hand remain uncancelled; and

will depend upon the impression made by the
athly return published yesterday whether they will
withdrawn or not. From the large purchases made
during the last three weeks, the metallic reserve
a considerable increase upon that of last
It was an expectation of this sort that, to
degree, revived the speculative mania on the
Bourse during the current week. The specie
(ports, since our last, from Australia and the
. States have exceeded 500,0001. Against this
be set a considerable export, the amount of
i 3 estimated at 100,0001., exclusively of that
India.
English Funds have been quiet and inactive,
fluctuations of importance. Last Saturday

closed at 93 to I ; and the last price for

April Account which terminated yesterday was
to I. For the Bth of May the first price
yesterday was 931 to 1, and for money 931 to 1;
' iust before the close they declined, and after
hours they very suddenly fell to 931 to for
at, and 93 for money. The fall was attributed
apprehensi ,ns of an unfavorable Bank return
evening. To-day the opening price was 931 to
' after several fluctuations they closed the
After official hours there was increased
heaviness but no actual change in prices.
Railway Shares the business of the week has
tolerably active, and prices have been well
maintained; though, at the close yesterday, they
were weaker,—from the same cause that affected
Consols. The market to-day has been firm, with
• disposition to, press sales. Foreign Railway
have been a good deal sought after. The
principal French lines have been largely dealt in,

advance has been realised, both in Paris and

, and Northerns. The Belgian lines scarcely
maintain the late improvement. In colonial lines the
principal transactions have been in Great Western of
Canada, at an improvement of i per cent ; the Indian
remain firm.

.e dividends upon Turkish Six per Cents. were
paid yesterday, and they are now quoted accordingly.
Mexican, Turkish, and Russian Securities have been
dealt in ; and generally they are better than
week, though to-day they were all weaker.
yesterday, Joint-stock Bank Shares were
neglected ; but attention being then turned to them
became rather in demand for investment, at
improved quotations. The new undertakings
the most part stationary, though looking
London and County, owing to the infusion
_Ade new blood into the direction, have re-
covered, and are now about 341.
Miscellaneous Securities have been freely dealt in
the week, without any particular change in

closing price of the French Three per Cents.
the Paris Bourse to-day were 73f. 50c., for
and 73f. 90c. for account, showing an im-
provement of about one-eighth for money. Bank
(France are at 3,875 f., being 25f. lower than on
'ednesday, when they were quoted at 4,000 f.
Several failures are reported of houses engaged in
branches of commerce which have beenin-
juriously affected by the return of peace.
change has been made in the direction of the
West India Steam-Packet Company; and a
Proposal of the retiring board, that a dividend of 21.
share, with a bonus also of 2/., has been negs-
by the proprietors, in favour of a dividend of 21.
share and a bonus of 5/.
subject of steam communication with the
:Australian colonies is to engage the attention of an
Influential meeting in the City on Monday.

BANK OF ENGLAND.
Aeeount, pursuant to the Act 71.11 and fhb Victoria, cap. 32
week audios on Saturday, the WI day of April, 1636.

.. . .
'snug DCPCITMENT. .
issued •• .. 123,91484) Government Debt /11,015,100
Other Securities .. 3,454100
Gold Coin a Bullion 9,440,280
Silver Bullion .... ---

123,915,2?0 I
111111C11,10 DI
ProDrletors'Capitall 14,563,060

........
'B4o'll°4
ts 6.010 439
lir:yo:
mho, 11,5:0,329

.......... 757,025

436,670,738
' Including Exchequer,
.Sa
Nttienal Dbt sad Dividena A.

Government Seen-

423,915,280

rities (including
Dead Weight An.; 111.871.776
Other decuricies .. 19.711.720

Note• 4.470475
Gold & Silver Coin 616.825

/36,670,798
Baths, Commialuoners of

Vt4molitan flarlitts.

(Reported exclusively for "Tug Panes.")

CORN EXCHANGE—The arrivals of English wheat'up to
our market this w,ek have been very moderate. For most
kinds the demand has continued steady, at last week's quota-
tions. Foreign wheat—the imports of which have not been
large—has changed hands to a moderate extent, on former
terms. Floating cargoes have been rather heavy. Barley has
sold readily, at an improvement in value of I s per quarter. The
malt trade has continued steady, on former terms. There has
been only a limited demand for oats, yet prices have been sup-
ported. Beans, peas, and flour, have realised previous rates.
The imports of the latter are good.

k.wousw—Wheat, Essex and Kent red. 53s to 725; white,
60s to 765; Norfolk and Lincoln red, &Bs to 70s. Malting barley.
40s to 44s ; grinding ditto, 32s to 351 ; distilling, 344 to Si.;
Malt, 6.3 s to 7ds. Feed oats, 21s to 238; potato, 234 to 28s.
Rye, 44s to 475. Tick beans, 32s to 355; Harrow, 3&s to fti,is ;
pigeon, 37s to 41s. Grey peas, 84s to 35s ; maple, s7s to Us;
white boilers, 40s to 43s per quarter. Town•made flour. 63. to
655; country marks, 48a to be; households, 56s to 18a per
4801bs.

ARRIVALS THIS WEEK.
Wheat. Barley. Malt. Oats. Flour.
English .. 1990 .. 3430 .. 30 .. 1450
Foreign —17310 .. 1160 .. 6300 ski
9630 di s.

LONDON AVERAGES DECLARED ON FM AN—Wheat,
4.704 varters,7ls 2d ; barley. 1.711 quarters. 38s 4d : oats,ll,ool
quarters, 23s 3d ; rye, 133 quarters, 42s ; beans, 676 quarters,
38s 9d; peas. 37 quarters, 38s 91.
IMPERIAL WEEKLY AVERAGES—Wheat, 69s sd; bar-
ley, 38s 8d; oats, 23. 6d ; rye, 44s 71; beans, 404 71; peas,
39s 7d. _ _

SIX WEEKS' AVERAGES—Wheat, G9l: barley,
36s Ild; oats, 221 s id ; rye, 43. 3d ; beans, 40s Ild; peas,
39. lUd.

GRAIN SOLD LAST WEER—Wheat, 89,099:
barley, 53,456; oats, 12,82 d; rye, 123; beans, 6,634 ; peas, 659
quarters.
BREAD—The prices of wheaten bread in the metropolis
are from 90 to 10d; of household ditto, 74d to 9ti per 4lbs
loaf _ _ .

TEA—We are very extensively supplied with all kinds, and
the trade is heavy, at barely stationary prices. Several vessels
have arrived from China this week, with full cargoes. Current
rates an as follows: Congou, Bid to Is 6d; Ring
Yong and Oolong, 104 to is 10d; Souchong, fid to ts 6d ;
Flowery Pekoe, is Id so 4s; Caper, to ; Scented Caper,
Is 3d to Is Ild; Orange Pekoe, to ; Scented Orange
Pekoe, is 4d to 2a ed ; Twankay, .1 to is 2d ; Hyson Skin, eci to
Is 2d: Hyson, Is 2d to Is ; Young Hyson, tlid to 21 6d;
Imperial, lid to 2s 4d; Gunpowder, ed to 3s 6d; Assam, Is 6d
to 45 4cl per lb.
SUGAR—As large sellers have come forward, the demand
for raw sugar is less active, and prices have given way Od per
cvrt. Barbadoea has sold at from aos bd to 44s 1.4 ; fine
Demerara, 39s to 455 ; Mauritius. 57s 6d to 465; Bengal, 365
to 45e; Penang, 3f5 to 455; Cuba, 36s 6cl to 42s 6d per cwt.
Cargoes afloat and on passage are dull, The refined market is
steady, at fres to 558 per cwt for grocery lumps. No change in
the value of crushed.

MOLASSES—The supply is small, and the demand is study,
at lAs to 19s per cwt.
COFFEE—The demand for all kinds has fallen off, and the
quotations hate given way Is per cwt. The stock in warehouse
Sa rather on the increase. Current rates are as follows:
Java, 435 to 535. Sumatra, Padang, and Batavia kind, 41s
to 48s. Manilla, 44e to 4es. Mysore, 455 to 79s
Mocha, gubled. 705 to fits ; ungarbled, fiCs to 625. Ceylon
native sorts, ordinary to good ordinary. 49s to 525; plantation
kiack, good ordinary, 52s to Si.; fine to fine fineordinary, 54. to
cos ; middling to good middlir.g, tas to 785. Jamaica, ordinary,
47s to 49s ; good to fine ordinary, 50s to 545: low middling
to middling, 55s to 645; good to fine middling, 65s to 90.. Costa
Rica, ordinary, to good ordinary, 485 to toils; fine ordinary, Us to
gga gd ; fine line ordinary to colory, 57s to 6,5 6d. St.
Domingo, 45s to 495. Havana and Cuba, oreinory to good ordi
nary, 44s to 475; fine ordinary to middling. 48. to 60s. Porto
Rico, 4sa to 61s. Rio, 40s to As. La Guayra, good ordinary to
middling coloury. Stns to 695.
COCOA—The transactions in this article are very moderate,
and prices are barely supported. The extreme value of the bet
red Triniled is 475 per cwt.
RICE—We have to report a very dull sale for all kinds,
owing to the unusually large stock in warehouse, at a fall in
value of 6d to 94 per cwt. About 2,000 pockets of Bengal hays
changed hands at 86 64 to 91 per cwt.

357

COTTON—The transactions in this article are not to sew
Urge; nevertheless, the quotations have au upward ti a4eneyi
Buret has sold eked to lid; Bengal, 3jd to Sid; Madras, 44 in
Ild_per lb.
001.—Over 9,000 bales of foreign and colonial wool kayo
,eked this week, and which will be offered at public sale nut
111101111 h. Privately. a steady business is doing, at full quotations.
llllTALti—Scotch pig iron has sold to a fair extent, at fix is
Mb to 71s perton. Manutactuied parcels are steady. Bails,
the works, el to t.l Staffordshire, 91 10s to 114 ;
single, in London, 111 to 111 les: hoops, first quality,
111 to be ; and nail rods, VI Pia to 91 lbs per ton. TM
mimeo. freely—Hansa at Ills to 132 e 6d ; Straits, 1308 to
las • British, 1298 to 13os; and refined, 1348 to 135 e.
TO. Plows command very full prices. I.C. coke, 30s tld to 111. I
I.X. ditto, 38s to to 375; I.C. charcoal, 36a to J6B sd ; and 11.,
42s to 438 per box. Lead supports lest week's current.).
Spel ter, 231 be to 231 10s per ton on thotpoL
SPIRITS—Huni, is in lair request. s-loa Leeward', 2s 'll
to 28 3d; East India, Is Ild to 2s per gallon. lto shafts
in the value of brandy. Gin, 17 uuderproof, Va 10X; 1.11
ditto, Vs 4d ; raw spirit, 108 7d per gallon.
INDIGO—Great firmness continues to prevail, at very WI
prices.
HOPS—Over 300 bales of foreign hops have arrived Skis week,
and the supply of English is large. Fine parcels are steady, 4
full prices; but all other kinds area dull inquiry. Mid and East
Kent pockets, 41 be to 61 10s; Weald of Kents, 61 to III;
SUSB3I, 21 DO to 41 10s per cwt.
POTATOES—For the time of year the arrivals are good, and
the trade is steady, at from 458 to 908 per ton.
0118—Our market generally is heavy. Linseed oil, on the
spot, 3211 6d to 235; and for forward delivery sales have been
effected as low as *O5 per cwt. Moat other oils are drooping.
Spirits of turpentine, J 2. fad to 34s ; and rough, 108 to 10s 64
per cwt. . . . . . .

TALLOW—OnIy a mcderate business is doing in this article,
yet prices are supported. P.Y.C., on the spot, 476 to 47a 61
aid 4811 ; and for the last hree months, 44a to 4os ild
per cwt.
COALS—New Tanfield, Us 6d: Wylam, 16s; Eden Main,
176 641; Gosforth, 17s; Heaton, 173; Braddyll, les 3d; Helical,
Lis 9d; Caradoc, 174 9d ; Heugh Hall, 17. 64 per ton.
METROPOLITAN CATTLE - In the early part of the
week the supplies of fat stock were good, and the trade generally
ruled heavy, at drooping prices. On Friday, however, there
was more firmness in the demand, with short supplies in the
market. Beet has sold at from 2s lod to ts 44; mutton, SS 64
to 5. 4d ; lamb, 6a to 7s; veal, ts to se td ; pork, ja ad to
4s Did per nibs to sink the offal.
NEWGATE AND LEADENHALL There has boss
only a moderate business doing in these markets, as follows :
Beef, front 2s Bd to 3. 10d; mutton, 8s 2d to es 14; Lab,
tis to 6s 4d ;: veal, 3s 10d to 311; pork, 3s 9d to 4s ed per alba
by the cerrase.

BIRTHS.
BARTON—On the 11th instant, Mrs. Thomas Barton, of a ion.
CHESNEY—On the Nth instant, at Packolet, county Down, the
wife of Major-General Chesney, of a am
GRIMES—On the 31st ult., at Lydatep-house, Pembrokeshire,
the wife of Major Grimes, Bengal army, of a daughter.
JOHNSTONE—On the 9th instant, at Minnigaff Manse, 14.8.,
the wife of the Rev. M. S. Johnstone. of a daughter.
LEES—On the 3rd instant, at Ryde, Isle of Wight, Lady Lees,
of a daughter.
LIFFORD—On the 6th instant, at Ashley Castle, Warwick•
shire, the Viscountess lifford, of a son.
OLIPHANT—On the 10th instant, at Wimbledon, the wife of
Lieut.-Colonel Oliphant, of a daughter.
WHARNCLIFFE—On the 9th instant, in Cursou-street, May-
fair, Lady Wharncliffe, of a son.

ISARRIA.GES.
LEMPRIERE—ANDERSON—On the 3rd instant, at
ton, Lieut. George Reid Lempriere, Royal Engineersl=
H. Morgan. daughter of Lieut.. Colonel Anderson, ChadMa
LUBBOCK—HORDERN--On the 10th instant, at
Cheshire, John Lubbock, Esq., son of Sir John Wen=
Bart.., to Ellen Frances, daughter of the late Rev. Peter Horiket.
ROHM ESON—HOOGAN— On the 3rd Instant, at St Janieelp
Church, Westbourne-terrace, James Stuart Rothman, Zee,
M.D., to Fanny Mary Kennaway, datOtter of Major-(denies;
Hoggan, C.B.
NAYLOR—THOROLD--On the bth instant, at St. George's,
Hanover-square, Richard Christopher Naylor, Esq., of 14001110.
ball, Cheshire, to Mary Sophia, daughter of Hipay Tharold,
Esq., Ctutwold, Lincolnshire.
DEATHS.
BOROUGH—On the bth instant, drowned by the speetdag eta
boat near Reading, William, son of Sir Edward Borough,
Bari, aged 15.
BOWRING—On the 4th instant, at Exeter, Charles Bowring
Esqq.. father of Sir John Bowring. aged 86.
COBDEN—On the 7th instant, at Weinheini, Baden, Richard,
only son of Richard Cobden, Esq., M.P., aged 14.
EDEN—On the 4th instant, at Brighton, Robert Eden, son of
Sir Wm. Eden, aged 8.
FARQUHARSON—At Southampton, Colonel Fred. Fists.
harson, late of the 7th Royal Fusiliers, som!
FOZ—On the 31st uli, at Devon, Lieui-Colonsl Saimaa Fez,
formerly of the 30th ktegt.
HESTER—On the 30th ult., at Durham-terrace, Led, Homers
Elizabeth Hester, aged 71.
HUSKISSON—On the 7th instant, at Eartham, near Chichester,
Mrs. Huakiason, widow of the late Rt. Hop. Wm. Huskisees,
aged 79.
LECH MERE—On the 2nd instant, at Blydd-eourt, Worcester.
shire, Sir Edmund Hnngerford Lechmere, Bart., aged e 4.
MELVILLE—On the 9th instant, in Manchester-square, the
Bon. Win. Leslie Melville, aged 69.
SLEIGH—On the 4th instant, at Tunbridge Wells, Christopher
Sullivan, son of General Sir James W. Sleigh, K.C.8., aged 15.
TAIT—Ou the Bth instant, at the Deanery. Carlisle, Mary Susan
Tait, daughter of the Very Rev. Archibald Campbell Tait,
Dean of Carlisle, aged d—the fifth sister cut off by scarlet
fever within five weeks.

THE FORTY-SEVEN SHILLING SUITS
1 made to order. from Scotch Heather and Cheviot Tweeds,
all wool and thoroughly shrunk, by B. BENJAMIN, Illerehast
Tailor. 74, hegent-atreet.
THE PELISSIER OVERCOATS, 21*.285.,
adapted for the season ; the Two-Guinea Dress or F Gowen ;
the Guinea Drees Trousers; and the HaltGuinas W
A perfect fit guaranteed.

THE BEST AND CHEAPEST TBAII
in England are to be obtained of
PHILLIPS and COMPANY, Tea Merchants,
8, RING WILLIAM-STREET, CITY, LONDON.
STRONG CONGOU TEAS-2s. bd., 2s. lad., as., *s. ad.
A general Price-Current is published every month. er Ruining
all the advantages of the London Markets, mid is sent tree by
post on application.
SUGARS are supplied at market prices.
TEAS and COFFEES to the value of 40s. or apwrsoza
carriage boa to soy railway Blatant or market Wi hi

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