The Press.
London, England, 1856-06-21 00:00:00

597

cial causes. The markets, too, derived some support
•rn the resolution of the. Conservative party not to inter-
pose in the present condition of the question, notwith-
standing the strength of the case against the Government
for their share in the recruiting matter, as it might have
involved a Ministerial crisis that would have been incon-
venient under present circumstances ; and the nomination
for the Presidency of Mr. Buchanan, the late United
States Minister at this Court, has also bud the
like tendency. This state of things has naturally
improved our future prospects ; so that, with cheap money
in anticipation and a highly probable immunity from lb*
calamities of a war necessarily destructive to the most
profitable branches of our home and foreign trade, it is 14
no means surprising that the markets are elastic and
buoyant, with a constant tendency to increasing improve-
ment.

The imports of specie during the week have again been
considerable. They have amounted, including 340,0001.
arrived to-day from Australia, to 1,009,268/. The ex-
ports are about 250,0001. Nearly 500,0001. is now
upon the route from Australia ' • and the succeeding packets
from the United States will bring probably 400,0001. in
the course of the next week or ten days. The shipment
of silver for the East by the packet which left Southampton
to day was only 191,0001. It would be an error, however,
to infer from the falling off in the export by a single packet
that the demand has relaxed. We are assured that the
dit&nution is only apparent, and that the drain for India
and China may recommence at any moment.
Consols left off last Saturday at 934 to 94 ex div. for the
July account. On Monday it was known that the Cabinet
had decided not to dismiss Mr. Dallas ; and purchases
being made upon the faith of the intelligence, there was
an improvement to 94f to 4. The official assurances to
this effect strengthened the market on Tuesday, and quo-
tations advanced to 954 to 4, which has been the highest
point yet attained since the close of the war. With the
dividend added, these quotations were equal to 964 to ;
consequently, with money nominally worth five per cent.,
the range was very high, and some reaction was not un-
natural. The reaction, however, only extended to 4. for
prices subsequently remained firm and stationary at 944 to
4. Business generally has not been active, but the tone
and feeling uniformly good. To-day the opening prices
were again 944 toe, with some symptoms of we.kness, but
after being steady the whole day they declined, at the
close, to 944 to 4, in consequence of unfavorable weather,
lower exchanges, and lower prices from Paris.
The scrip of the uew loan has in like manner advanced
from 21 to 4 prem. to 3 prem., closing to-day at 24 to 3
prem.

A considerable demand has prevailed for Exchequer
Bills doting the greater part of the week ; and the pre-
mium upon them has advanced from 9s. to 13s.
Railway Shares have derived the greatest advantage from
the improved aspect of our political relations, for their
value has been increased from one to four per cent. These
securities are now about attaining a real hold upon the in-
vesting public, after a long period of depression. In the
present week there has been a fortunate conjunction of
circumstances favorable to a considerable rise in prices.
For instance, there was first the smoothing down of the
American difficulties, next uniformly increasing traffics,
then hints of reduced working expenses in the current
half-year, and consequent deductions in the public mind
of larger returns. In this state of opinion numerous
orders for investment came up from the country ; the
natural consequence was a simultaneous demtintl, with
supplies of Stock, that soon became limited. The im-
proven•ent thus ct.mmenced extended over all the heavy
Stocks, but it was most marked in South Westerns, Great
Westerns, London and North•W'esterus, Lancashire and
Yorkshire, and a few others. There was a very slight
reaction to-day in some descriptions, but the best re-
mained firm.
Foreign Securities have partaken in the general im-
provement, particularly the Turkish descriptions; and this
market is still regarded as favorably placed for a further
advance, though there was a slight decline to-day.
Joint-stock Bank Shares have been in moderate demand.
The business of the week, however, has not presented any
features of importance, unless it be in respect to the
Western Bank of London, which was opened on Monday,
and the shares have since advanced to one and a half
premium.
Miscellaneous anti Mining Shares are much the ume.
There has been nothing in either market to call for obser-
vation.

BRITISH FUNDS.— Closing Prices.
OFFICIAL QUOTATIONS.
1
Tuesd. Wed. Thum Fria,
941 911 #1941 11941 94i 14
941 94i j 94 1 I oil
91f 95 94 5# 95# 5 94j
3 6-101
217 8 217 8 217 8O
I
10p, 7p 8 lip 12p1 911
ILop 'lO 2p 10 p 11 p

6 per Cent. Console
Ditto for Account
i per Cents Reduced

3 per Cents
Long Annuities
Honk Stock, 7 per Cent
Omnium
Exch. fills, .20
India Bonds,

FOI
Per Cent.
Brazilian b
Danish 5
I
Dtch. (Ex 12 0 uil )24
French a I

Do. 4k
Do. Bank Stock
M..xiean 3
Peruvian 4e
Portuguese 4
Russian 5
'panish S
Tarki3b Mo S

REIGN FUNDS.
IN god Turn!. Wed. Thurs. F
101
—65 i --
11:110e171f 10e lf 1643 71:74e s d
e'33f 00c f ci e
dtk 4. ei ell I
'loo 4r
10104 101,

598

BANK OF ENGLAND.
Ai Account, pursuant to the Act 7th and Nth Victoria, cap. 32
for the week ending on Saturday, the lath day of Jut.e, 1850.

ISSUE DI

Notes Issued , ... 426 .312 ,210

125,912,210
BANKING DI
Proprietors'Dept U 0914,533,600
Rest
Public Deposits* 4,112.448 1
Other Deposits
Seven Day & other
Bills

432,873,589
ihequer, COT

Government Debt 411,015,100
Other Securities .. 3,463,000
Gold Coin & Bullion 11,437,210
Silver Bullion ....

PARTMLNT.
Government Seen-

125,912,210

rities (including
Dead Weight An.) i11,22R.468
Other Securities .. 14.347,071

Notes 6,678,460
Gold & Silver Coin 521,582

i52,?73,580
of National Debt

Tuesdny.
8 a
14 2i
18
234 4t
22t 3
26
P!
103
8 4=
44
8 9
68
63 5

:LWAYS
Wednes
8i
22*
I 213 i 4)
121 3- $ 1.
126
201 i P
<lB4
8
48
55 5

Tlpas! Frtdrty

128}
14 iP
23i 4i
22i 3
28}
-P
20 1
8 4
44
8 9
t 8

8i 1
P
231 4}
224 3
26
10i lip
20
7; 8g
431 4
8 9
57} 1
52 4

4
63 5