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

been taken for export. The sovereigns have been
sent into the Bank. The demand for silver has
rather abated, but it is still considerable for India
and China, and the price is firm. The packet of the
4th took out 594,485/. The specie lost in the wreck
of the Central America was valued at 400,0001.
That has caused a good deal of inconvenience
both here and in New York, for in New York it
would have afforded a good deal of relief, and here
insurances had been effected upon it to the extent of
230,000/.

The Foreign Exchanges are less favourable than
they were, but they improved to-day owing to the
action of the Bank yesterday.
Consols, in consequence of the change in the
Money Market, have receded since our last to the
extent of five-eightlis per cent. Last Friday they
closed for October 14th at 90} to q, and though the
market fell gradually, there was occasionally a good
deal of steadiness. The apprehension of an advance
in discounts, however, overcame the hesitation of
holders, and as soon as it was perceived that a change
was imminent there was a pressure of offers. On
Tuesday, the closing price was 90 to k. On Wed-
nesday, owing to its being the day of National Humi-
liation, there was no business. Yesterday the open-
ing price was 891, and they left off at 891 to L the
advance in the rate of discount having affected the
quotations only to the extent of one-fourth. This
morning, however, they opened exceedingly de-
pressed at 891 to , the market being prejudiced by
reports of a very unfavourable Bank return. To-
wards noon, however, they began to rally, but the
improvement was little more than nominal, and they
left off at 891 to I, closing dull. The unfavourable
character of the return of the Bank of France
assisted the depression.
Exchequer Bills aro at a discount of Bs. to 4s.
Foreign Securities have been dull, and they are
all lower than this day week. Turkish Six per
Cents. have fallen 23 per cent. Other descriptions
have not suffered so seriously, but to effect sales of
any considerable amount large concessions must be
made.

The reaction in Railway Shares which commenced
this day week has been continued. The fall since
our last has, in some cases, been to the extent of three
per cent., the heavy stocks having fallen in e greater
proportion than any others. The decline, however,
has been general. Yesterday, French shares, which
had been previously well supported, fell three-quar-
ters per cent. The market sustained a further de-
cline to-day, and, though there was a partial re-
covery, it closed without any real improvement.
Business has been exceedingly dull in Joint-stock
Banking, Mining, and Miscellaneous Shares.
The rates of discount upon the Continent are—
Berlin, 61 per cent.; Hamburg, 7 per cent.; Frank-
fort, 6 per cent. ; and Amsterdam, 51 per cent.
The Electric and International Telegraph Com-
pany have resolved to allot the residue of the autho-
rised share capital. About 115,0001. is required to
pay off debentures ; and, as this amount cannot be
raised under present circumstances, except on very
unfavourable terms, the whole of the remaining un-
issued capital, 489,0001., is to be allotted to the
shareholders pro rata, with the option of taking
their shares or net. On this new capital a call of
21. 10s. will be made payable in three or four weeks,
and the same sum in February next.
From a circular issued by the London Directors
of the Norwegian Trunk Railway, it appears that the
receipts for the past year have been 176,278 dols.,
against 141,220 dols. in the preceding year; and that
after paying the interest on the Five•per-Cent. Pre-
ference Shares, there will be a dividend of three per
cent. on the non-preference, leaving 5,295 dots. to be
carried to the reserve fund.
One of the Paris newspapers, usually well informed
on subjects of national finance, states the public
debt of Russia to be about 277,320,0001.
The Turkish Government are stated to have
solved upon an issue of additional paper money
for a sum equal to 1,000,0001. starling at eight per
cent, interest.
Some efforts are being made in Prussia to organise
a European Electric Telegraph Union, with the
object of shuplifying the transmission of messages
and reducing the charges.