The Press.
London, England, 1856-09-27 00:00:00

934

per cent., but that they have not fallen more. Indeed they
have been at 93i sellers, but only for a short time, the
rally being caused by the Bank having maintained the
existing rates. It was not known generally until this
morning that the Bank of France had yesterday advanced
the rate of discount. In Paris it caused a fall of a half
per cent.; and at the opening of the Stock Exchange this
morning the first price of
•Consols was exactly a half per
cent. below the closing quotations of yesterday. Opening
at 93i to I, a temporary reaction caused a rally of one-
eighth, but it was not maintained. and there was a gradual
decline to 931 to I. At this stage a rally again set in,
which was maintained, and the last official price was 93g
to I. The decline, therefore, since yesterday is I, or
1.2 a. 61., and I I per cent., or 225. tid., since last Friday.
The market, however, has not shown symptoms of any
like panic. It closed steady, but not very firm.
Exchequer Bills fur the greater part of the week have
stood at a premium of 14s. to 175., but they are naw 15.
lower. These securities continue firm and steady, and
they may be regarded as an index to the reserves of the
leading monetary establishments.
. _

Railway Shares have undergone various fluctuations in
the course'ot the week, the result of which, up to yesterday,
was a rise in some stocks, compared with the quotations of
last Friday. Continued good traffics, with the policy
pursued by the Bank, were the causes of the improvement ;
but today all this was altered by the same influence which
depressed Consols. There was a general decline equal
upon most stocks to one per cent. ; but the market looked
rather firmer at the close. French Railway Sharea were
heavy. This was " carrying-over day." The rates of con-
tinuation were, on the whole, moderate. The account is
likely to prove very light.
Foreign Securities are for the most part lower than last
week. The two Turkish stocks have suffered most, but
Russian are also down ; and generally there is not a
healthy tone in this department. _ _ .

Joint-stock Banks hiaive improved, and they appear to be
slowly regaining the confidence of the public as invest-
ments, though dealings are still marked by great caution
and discrimination. Ottomans and Bank of Egypt shares
were greatly depressed up to yesterday, and then they
took a turn for the better, principally through the influ-
ence of a friendly notice in the columns of a contemporary,
suggesting some very reasonable points in estimating their
real value. But to-day both descriptions receded, and
Ottomans were again at nearly 2 dis. Bank of London
were also lower.

Miscellaneaus Shares are depressed, not so much in
price as in business. Canada Land Shares, however,
have had a fall. Crystal Palace are better. The frauds
in the shares of this undertaking are extensive, but not so
great as was apprehended.
The shares in the Great Western of Canada Railway
are firm. Intelligence has been received of the election,
on the 11th inst., of the English directors, who are
pledged to oppose the wild and ruinous policy of exten•
sions and branches, as suggested by the late. Canadian
directors. The dividend is to be at the rate of eight per
cent. per annum. A call of 21. 10s. is to be paid on the
new shares by the 31st of October, so as to participate in
the dividend arising from the revenue earned during
three months of the current half•vear.
The provincial Trade reports are mostly favorable. So far
as we can learn there is no over•prodnction in any branch
of manufacture, and employment is general.
The bills drawn by the East India Company upon their
respective presidencies during the last fortnight amount to
38,15281.