The Press.
London, England, 1858-06-05 00:00:00

cannot be settled by bills. it follows thot they must by the
transfer of the precious mauls. If this view be correct,
we may be prepared for a continuance of these movements
for some time longer.
Notwithstanding a renewal of the attacks upon the
Government on account of the Chancellor of the Ex-
chequer's speech at Slough by the lute Foreign Minister
in the House of Lords, the confidence of the commer-
cial classes in the Administration has so increased, that
it is now consolidated into something like an active
principle which will not endure factious contradiction.
The Funds and most other securities have been under
the influence of this feeling. But the Montenegrin
difficulty and the embarrassing question with the
United States concerning the interference of our
cruisers with American ships prosecuting the slave-
trade have, in the last day or two, caused
Rome anxieties which have necessarily affected quota-
tMns. These, however, are incidents, in relation to
which the honour and the interests of the country are felt to
be safe in the bands of the present Administration ; conse-
quently their effect upon values has been comparatively
unimportant. Railway Shares have sympathized with
Public Securities ; but the traffics, though improving, are
still interrupting the demand for stock on the part o. the
public which alone can produce a legitimate advance in
prices. At the same time, there is a remarkable cessation
of speculative transactions. Half the members of the
Stock Exchange have consequently little or nothing to do:
tor, on the one hand, with the present abundance of money,
it is dangerous to sell, lest the public should come in
buyers, and so cause an advance ; while, on the other, it is
equally dangerous to buy, lest, in the unsettled state of
various questions of foreign policy, great capitalists should
lie induced to throw heavy muses of stock upon the
market.

Consols,which left off last Friday at 971 to 98, were steady
(luring the early part of the week. The various settlements
of the Stock Exchange subsequently caused a preponierance
of sales, partly speculative and partly bona fide, and these
operations being followed by the disagreeable news from
America, a decline took place to 971 to 1. This was the
lowest quotation duting the week. The National Debt
Commissioners have been purchasers of about 30,0001. at
971 and 971. This morning Consols opened for July 8
at 971 to 1; and after a dull day fur business they closed
the same.

The decline in Railway Shares has not been arrested,
notwithstanding the improvement in many of the traffics,
and the return of magnificent weather, which promises
increased receipts. Caledonians and North• Eastern
Stocks have suffered most. The decline in some cages is
not less than one and a half or two per cent. In moat,
however, it ranges from a quarter to one per cent.
Indian Shares, however, are improving.
Banking, Land, Steam, and Mining Shares have all been
dull.

Foreign Stocks have been exceedingly quiet.
Exchequer Bills are 2s. lower than this day week, being
quoted at 30s. to 3.55. prem.
The Indian Loan, owing principally to the instalment
due next week, and to the unfavourable telegraphs
received during the week, is dull at 091 to for the
Debentures.

The Brazilian Lonn is now at to a prem.
The Continental Exchanges have not varied materially
since our last.

Mr. B. M. Wilcox, M.P., has been elected chairman of
the Peninsular and Oriental Steam Navigation Compmy.
At the half-yearly meeting of the company on Tuesday a
dividend was declared of three and a half per cent., in
addition to a payment of one per cent., froe of income
tax, fur the six mouths ending March 31.
The rate of interest on French Treasury Bonds has
been fixed at three per cent. for those of from three to six
months, and at three and a half per cent. for those of from
six to twelve months. This is a reduction of a half per
cent. on those bonds eleven months to run, which since
the 18th March have carried four per cent.

The balf•yearly dividend of the Trust and Loan Com-
pany of Upper Canada is at the rate of seven per cent. per
annum free of income tax.

The failure was announced on Wednesday of Messrs.
R moon, Sons, and Co., a well-known Sem in the
East India and China trades. The catastrophe is owing
to the general depreciation in all kinds of Eastern pro-
duce. The liabilities are estimated at 700,000/ , but it is
believed the assets are such that a surplus will eventually
be realized.

The Provincial Trade Reports still show a progressive
improvement in trade, though it is in some branches
very dull. There is certainly no accumulation of stocks
in any important branches of manufacture. Consumption
keeps pare with production.

FROM THE LONDON GAZETTE.
Tuesday, June 1.

BANKRUPTS.—Tuomta BULL, Hambledon, Hares, RTOC'Er...•
THOMAS FLYNN, Farringdon street, cheesemoneer CorroN.
Bear-street, Leicester-square, beer retailer—Jam= WAY, OX ford-
street, grocer- -TrtomAs TrlonNwittrr, Leicester. coal merchant
-BENJAMIN BERRESFORD, Helper, sionemarzon—JOHN JONES,
late of Aberavon, beerhouse keeper—Tuoatas ROBINSON, jun.,
Sheffield, watchmaker -GEORGE CHEETHAM BAILEY and JAMES
BAYLEY, Staleybridge, COllollspluners—Enwattn MARTIN, Man.
cheater, fustian merchant.

SCOTCH SEQUESTRATIONS.—Dsvin Kat, Kilmarnock
writer—ANDRUS SPENCE., Jrs., Broughty Ferry, shipowner.

Friday, June 4.

BANKRUPTCY ANNULLED.—J. C. Sracio, Stockton-upon,-
Tees, timber merchant.
- - - • -

---
BANKRUPTS.—PIZZET VINCENT, Crest Saint Helen's, City
printer—GEOßOE Boos, Hanwarstreet, Oxford•street, lacemats,

iMOMMEMIIIMMININII.II.I.I.P.O.III..,II
JUNE 1858. 549