The Press.
London, England, 1857-01-24 00:00:00

THE PRESS.

payment principally for silver ; and 367,3271. have been
sent to the East, all of which was in silver with the excep.
tion of 7,8001. This makes an aggregate of more than half
a million. The imports have been inconsiderable. All
the specie from the United States has been sent to France.
It is, however, fully expected that before the end of the
month we shall have large supplies from Australia; and
that the 000,1 001. waiting for shipment from Mexico will
be brought by the next packet. The Cape and Mauritius
must now be added to the markets which take consider-
able amounts of gold from us. Since July they have taken
an average of 50,0001, per month, or 300,0001., and we may
expect this drain to increase rather than to fall off, unless
they increase their consumption of our manufactures.
English Securities have been subjected to very moderate
fluctuations during the week, any temporary depression
being speedily recovered by the investments of the public.
Consols, which left off last Friday at 934 to 91 for account,
declined in the early part of the week to 934 to f ; but
they subsequently rallied. Yesterday there was sonic
weakness, owing to the anticipation of new restrictions
being imposed by the Bank ; but when that expectation
proved groundless the market became stronger, and trans-
actions were entered into at 934 to 9.1. The closing price
was 934 to 4. To-day the rather startling intelligence from
China of an intention to bombard Canton produced an
adverse effect; but the decline was only 4. Consols
opened at 934 to 4 and closed at 934 to 4.
Exchemi Bills continue steady at `44. dis. to 2s. prem.
The Railway Market is not essentially changed since
this day week. There is, however, a great deal of strength
in it, particularly in the better class of the paying lines;
and a considerable advance is only arrested by the
state of the Money Market. Great Westerns show no
symptoins of improvement, owing to adverse rumours as
to the forthcoming dividend, and some other lines are in
much the same position ; but the market generally re-
mains firm and steady, the dividends being the chief
element in producing fluctuations. Ftnign Shares have
been well supported. Grand Trunk of Canada is still the
chief object of attention among the lines in the British
colonial possessions.
No change of importance has taken place in Joint•
stock Bank, Dock, Miscellaneous, or Mining Shares.
The half-yearly dividend of the Electric Telegraph
Company is to be at the rate of seven per cent. per
annum. The St. Katherine Dock Company divide four
and a half per cent.
The joint-stock banks are continuing their half-yearly
meetings, every one of which, so far, has gratified their
proprietors with extremely handsome dividends. The
Union Bank of Australia has divided at the rate of twenty
per cent. per annum; the City Bank (which has been
established only eighteen months) five per cent. per
annum ; and the London and Westminster at the rate of
seventeen per cent. per annum.
Several new joint-stock projects have made their appear.
ance during the last few days. This indicates whig we
may expect whenever the Money Market takes a decided
turn for the better. .

With the view of putting a stop to the ruinous litigation
both in Chancery and Bankruptcy which is now eating
away the assets of the Royal British Bank, and also to
the stay of executions against the individual shareholders,
for the must part at the instance of persons who have
bought up debts at a low price, some of the principal
shareholders are exerting themselves to collect a fund to
settle with the creditors, and terminate proceedings which
the judges have truly described as a disgrace to the ad-
ministration of the law. Many shareholders have been
obliged to leave the country to avoid the vexatious pro-
ceedings of some disreputable practitioners, and an instance
is mentioned in which four writs of execution were issued
against as many shareholders for one debt, the costs
amounting to nearly four times the sum due. It is the
duty and the policy of all shareholders who are under
liability to aid this movement, and the interest of the
creditors to show forbearance.
The formal acceptance of the concession for the
Turkish National Bank has been forwarded to Constanti-
nople and accepted by the Ottoman Government. No-
thing of an official character has yet transpired regarding
the principles on which the establishment is to be defi-
nitely constituted, but there is reason to believe they will
bear out the favourable character given of them in our
set.
In the Court of Bankruptcy the final examination of
Leopold Redpath has been adjourned, owing to the bank-
rupt, since his conviction at the Old Bailey, having
refused to give any information to the assigne.% as to his
affairs. _ _

The arrivals of silk from China during the week have
been 14,691 bales, of an aggregate value of 1,500,000/.
If the Lyons houses prove large buyers, as is anticipated,
the French exchange will be influenced, and the opera-
firms of the Bank of France to obtain gold on this side
will be proportionably obstructed. The home demand,
however, seems sufficiently active to prevent any rapid ex-
portation. It must be borne in mind, at the same time,
that by placing the various China houses in London in
funds, these arrivals may lead to an increase in the ship-
ments of silver to that country.
The Provincial Trade Reports of the week are generally
favourable. Everywhere, however, complaint is made of
declining profits.

IDS.— Closing Prices.
QUOTATIONS.
loud. Tweed. Wed. Thus. Friday
3 per Cent.Consols —.1934 984 934 4 934. 934 I
Ditto for Account
$ per Cents Reduced 1934 93 934 4 934 44 934 4
I per Cents 1944 34 94 94 944 934
Long Annuities
Bank Stock, 7 per Cent :218 6 2174 216 74 216 2:74
Omnium lad—lpll —2pi2d-2pil —1
--
Exch. Bills, 24d.
InclisDoods,(l,oo9l.6 1 •-• 04 11) I Sp 14

BRITISH 11.114.
OFFICIAL

Vtimolitan Markds.

(Reported e selveivelb for "Ms Paseo.")

CORN EXCHANGE—The arrivals of English wheat up to
our market this week have been very moderate, and in poor
condition. For all kinds the demand has ruled heavy, and In
the few sales effected prices have given way 2i to 4s per
quarter. Foreign wheat—the imports of which continua
seasonably good—has sold slowly, and previous rates have been
with difficulty supported. Floaung cargoes of grain have ruled
about atatiouary. The supply of both English and foreign
barley havint been on the increase, the tra le has ruled heavy, at
Is per quarter less money. In malt very few transactions have
taken place, but we have no change to notice iu the quotations.
Good sound oats have been in fair request, on former terms;
but damp parcels have met a dull inquiry. Beans and peas
have sold to a fair extent, at full prices. Flour, however, has met
a dull inquiry, on rather easier terms.
N.NOLIIII-11'heat, Essex and Kent red, 50s to 645; white,
Si. to 735; Norfolk and Lincoln red, 0s to 65a. Malting barley,
39s to 51s; grinding ditto, 31s to 33s ; distilling, 370 to :ids.
Malt, 63s to 78s. Feed oats, 24s to 255; potato, 25e to 325.
Rye, ads to 42e. Tick beans, 34s to 365; Harrow, 38s to 425:
pigeon, 42s to 445. Grey peas, 3Ss to 40s ; maple, 40s to 42s ;
white boilers, 40s to 44a per quarter. Town-made dour, Me to
60s; country marks, 41s to 455; households, 46a to 49. per
2801bs.