The Express.
London, England, 1860-07-16 00:00:00

THE aPRESS, MONDAY &ENING, JULY 16,

BRIGHTON ELECTION.

POLLING (THIS DAY).
!TATE OP TIM POLL AT OAR O'CLOCK.
IST /LAICISM TELEGRAPH).

Whit.....
Moan ..
Gokketid

The polling has proceeded amid torrent■ of rain. Prom
the het annoancement Mr. White took the laid, and he
boa maintained it.
Between half-past twelve and one Hr. (toldamid resigned.

UNION BANE OP AurriumA.-(THIS DAY.)

ANOTHER BANK FRAUD.

The annual meeting of the proprietors was held
at one o'clock at the offices, 3s, Ohl Broad.street, Mr. J. J.
Cutnans in the chair.

The secretary (Mr. Saginaw) read the report. It
commenced by adverting to the depression which
bad prevailed in Australia anti the general decline in the
value of property affecting the securities held by the bank,
end sail that these had compelled the directors to
add to the reserver prey:wetly made. In addition
to these unfavourable circumstances, it was (continued the
report) extremely painful to the directors to have to
report that • fraud had been discovered which was
artfully perpetrated and eonceahel, by one of their
confidential officers, Edward Bradley. while cashier
at Melbourne, producing a deficiency of nearly
10,000/. at that branch, which hail been provided for
out of the last half-year's profile. When he entered the
service be and hie friends gave • bond of
surety of 5,001., and the directors hail determined
to put that bond in suit, for which purpose it had been
placed with the banks solicitor. The latest advice
received from the colonies pee mama to be-
lieve that commercial affairs were assuming a
more settled and favourable character, and it was hoped
that far betterpicts were opening. The advice* from
pros
New Zealand all expressed confidence that the disturbances
which were confined to that portion of the north of the
island in which the bunk hal no branch, would not extend.
The profits of the year amounted to 151.8671. 2s. 2.d.
to be added to the former balance of 7,0731. 15e. 7d.. from
which, deducticg income tax anti dividend to t'hriet-
mut last, there remained 73,5401. as the amount
of divisible profit. The directors had, therefore, deter-
mined to apply the sum of 70,000/-, as a dividend of
7 per cent. for the half year, on the capital of the lank.
The CHAninAN in moving the adoption of the report
laid if it had not been for the extensive frauds
referred to in the report, they might have had the
same dividend as in the previous half-year. The
losses connected with failures almost all of them
occurred previous to the last annual meeting, and
deductions were made for them previous to the supplemen-
tal meeting in January, acne which, he was happy to say,
they had lest very little indeed. fif the amountof the losses
the directors had only just been silvered. The pmpnetors
would remember that when be last addvwed them
from the chair be did so with a feeling of
considerable gloom, arising front his knowledge
of the keen which had been sustained, the deductions on
aroma of which had proved suflicieut. He was sorry that
there should be an additional reason for gloom supplied
by the fraud which had been discovered. That fraud was
=lZiby an individual selected by the directors in
who was utterly nuknoun to any one of them
by the character which he brought there.
;17rad occupied a position in another establishment
in London of very great responsibility for several
years. He brought to them the highest testimonirds,
and be presented to them the :clamor of rela-
tives and friends of his own as surrties for his good
conduct. Some of those persons poseeesed quite sufficient
means to cover the amount for which they was securities ;
others were not perhaps in such gond circumstances. The
simple course of the dires:tore was to put the bond in
suit ai,minst all of them ; and that they were
determined to do. The perpetrator of the fraud was placed
in • position at Melbouine which was almost exceptional in
that eetablishment ; being almost overpowered with the
amount of business which lie hail to conduct, the manager
at Melbourne requested that • cashier fright be sent out.
The directors sent out Mr. Bradley, who obtained
power over cash. It was Iris duty to send home
all notes which had become niutilated and unfit
for use. These were examined at home seriatim,
and compared with the returns furnished to
the beard, and it was in making this ell/MM.
tics anti cempariaon that the fraud was disco-
vered. Immediately after the discovery intelligence was seat
oat to Melbourne, which enabled the manager to confroat
Bradley with his own false specification', of notf.ie, sad be
endowed the fraud. Soon alter that lie .
Whether or not ho was afterwards arrested 1 to
be ascertained ; but the director,, would do all I. their
power to bring him to justice. Looking at the
character of the business of the lank during the brat
six months, the dinners believed that they harl seen the
worst, sod ti,at ei.ie the orieiou of their itipe,tor and
general manager.
The motion having been seconded,
The CHAIRMAN stated, in reply to the question, that
Bradley was sent out seven or eight years ago, and that
avail within the last year the director" knew nothing of
the fraud, it being rent-octetl in such a manner that it mast
necessarily take a considerable time to discover it.
The motion having been *domed, the retiring directors
were reoleeted, and a dividend of 7 per cent. for the half-
year waa declareed

Sr. SWITIIIIOI DAT. Yesterday WU St.
Swithin's day, and as it raised slightly in the course of
the meeting, we may expect, according to tialitiou, rain
fur forty consecutive days. The why and the wherefore
are sat very clear. In .31r. Douce's ioterleaved copy of
" Brand's Popular Antiquities" there i. a printed watenient
warningly cut out of a newspaper, which row thus :—" In
the year 983 St. Swithin, Bishop of Winchester, to which
rank he was raised by King E.iaelvd,e the Law, dying,
was casoniaed he the then Pope. He was singular for his
desire to be buried in the open churellianl, and not in the
chancel of the miu.ter, as was usual other bishops, which
request was complied with, but the moLlca, on his being
°monied, taking it iota their heads that it was disgraceful
for the saint to lie in the open churchyard, resolved to re-
move his body into the choir, which was to have been done
with solemn proccaion on the 15th of July. It rained,
however, so violently on that day and for forty days suc-
ceeding that the monks set aside their design as heretical
and blasphemous, and in.tead they erected a chapel over
his grave, at which many miracles are said to have Leen
wrought."

A iCILEOLOG IC Ale NSTITFT g sir nitRAT BRITAIN
AND IRELAND.—The sixteenth annual congress of this sum.
titian will be hell at Gloucester during the ensuing week,
Lord Talbot de Malahide beiol president. arel under the
=1..10f the Lord Lieutenant and Lord Bishop of the
e .The presidents of the sections are -History : Sir
John P. Boileau, Part. Antiquities Dr. Guest, Master of
Glenville and Caius College, Cambridge. Architecture :
Professor Willis, of Cambridge. No richer locality than
Gloucester could have been selected by the society—B tidal
Aferestry.
THE SOCIAL Evn.—The third fliatrict meeting
of the committee of the midnight meeting movement for
the reclamation of fallen women was brought to a very suc-
cessful termination at a late hour on Satunlay night last, in
the readinipronm o: the ancient Crosby Hall. Bishopeipte.
street. As early n• 11 o'clock there were act niany as 250
women present. The ltev. K Mannering delivered a most
intluential address, and at the termination of the proceed-
which were carried oat in the usual way, a large num-
ber et girls were taken away in cabs to the different banes.
THE. OrTRAGLN IN ST. GLORGIN-IN-TUR-EANT.—
Yettenlay's proceedings in the parish church of St. George's-
indheliesst are likely to lead to another inveZeLion be-
fore the police magistrate at the Themes
Morning provers were said by the Rev. T. D. e, M.A ,
the curate, and he era% constantly interrupted by Mr. Rosier,
a gentleman whose name is familiar to the public is conse-
quence of the publicity given to it in the pollee repurta,
and from his having been fined by the ConeUtery Court of
the diocese of Loral= for brawling. Mr. Rosier took up
his position in a pew a few feet in front of the reading desk,
and was so emphatic in his mode of reading the service in
opposition to Mr. Dove, who intoned it, that Mr. Church-
waolen Thompson considered it hie duty to interfere. He
proceeded to Mr. Rosier's pew, and gently remonstrated
with him, but was met with the stern rebuff of "Don't
interfere with me, sir." As Mr. Rosier •persisted in inter-
rupting the minister, Mr. Thompson mll,l pull', cos.
stable to his aid. and timed Mr. Reeler out of the church.
This morning, if Mr. Rosier carries out a threat lie made,
he will apply to the magistrates fora summons against the
churchwarden for an &vault. The Rev. Bryan King, rector,
preached, and with the excepting of loud coughing now and
then went through that pert of the service without inter-
ruption. The evening service was, as usual, a mese of dis-
eord. Mr. Dove said the prayers, which were accompanied
by coughing, whistling, and stamping of feet. He omitted
the prayer for the par lament, and thin seemed to give great
offence to the congregation, who would not allow any more
of the prayers to be hand. The sermon was preached by
the Rev. Edward Stuart, M.A., incumbent of St. Mary
Magdalen, Mumter-erpoave, who selected for his text the
15th chapter of St. Paula That Epistle to the Corinthians,
verse 51—" We shell soi. all sleep, but we shall all he
changed." The rev. -ientleenssa's style of oratory was we
appreciated by the congregation, who indulged themselves
in all kinds of merriment, and when the sermon was drought
to a close many of them shouted out, " Who harm the
incetwe P' alluding to a practice Mr. Stuart is said to oheeevo
is his church Pose .

FIRM' SURREY RI n.ro. —Thia battalion &mem-
Wad in great strength at the wiwiloos-liousc, Newington.
causeway, on fiatunlay afternoon, under the command ad
Lieutenant-Colonel Macdonald (late Li.ertensntd`olonel cif
Braga! Artillery, H.& I.('.S. ), and maraud along the Kest-
reed, through New-crosa, to the priest/ grounds of Mr.
Alderman Wire (late lord mayor). Here, after regaling
thermaelyni, they went through a variety of mationwres in a
highly creditable manner. This fine body of volunteers
were, we understand. the Ann enrolled a the metro-
politan corpa, and hare a fins elub-bonse sad asadgaarMw
in Hanover Park, Peckham.

SHARE LISTS.—THIb DAY.

Two o'CLoom
The railway share market to-day is better, the
preparations for the settlement showing that stook
rs ikrbed by the public. Midland stock is in
chief demand, and has risen about It per cent.
There is also a rise of # per cent.
in Lancashire and Yorkshire and Caledonian,
and to 3 per cent. in London and North Western,
South Eastern, and a few other descriptions. It
must be borne in mind, however, that the
quotations are now for the new account.
Landon and North Western stock is now
quoted 1021 to 103 ; Midland 1191 to 3;
Lancashire and Yorkshire, 108* to 107} ;
Great Western, 70/ to 711, being oompezativel7
dull ; South Eastern, 86 to I ; Great Northern,
116 to 116 ; Eastern Counties, 661 to f ; and Cale-
donian, 9tk to 3.
Grand Think of Canada Railway shares are dull,
and Great Western of Canada firm. The Indian
lines are quiet, and steady in price.

SO -

1524
191,5/11
50,001
60,000
10,000
10,000
000,000
20,000
20,000
40,000

10,000
10,000
15,000
5,000
14,500

iti
60,000
111,

111171811 PONIN/031S.

at. IP4 I ALILWAIS. I CIIIVINO. 8.1.41.1 8.t°41.10.
1611 an Atieffitte **Li 85 1113 -
84 100 no* Be& &C.lagAlp.o. N ft 641
18 16 Da. do. Z. . _ 1} 01 dlo -
24 all Bullolo&lakeNurealtl 41 51 ....
901 an Do. New - - -
10 all Do. Preforenee -
100 109 belL•nrant,.&Ooderleb
11p.e. Edo., Aug. 1 1872
andonedbyßud.il..ll. 75 90 -.
160 1,1 Do. Ju1y1,1873, ditto 7O 76 ....,
165 1* Do. June I, 1874, ditto OO 73 -.
6 Us. Calcutta &8. Easton -
28 3 • T.4tDockllp c.mta • } 111 -
IS n 5a710n, too 6,per cent. 1 Idle -
20 6 Eastern nen dls
IL 165 lad Indian i 1 1
100 301 10
10 16 Do. notenalon F. lO dla par -
N 15 Do. Jubbulpore die par -
100 all Do. 64 p. et. Debent } 100 -
109 all Do. sp. ct. do. -
20 an GeMo& Melbourne ll U -
OR 100 Grand Trunk of Canada 38 28} 16
100 all Do. 6 per ea Yr*
100 all Do.Bec.PreLop.et.Bo 74 76 -
100 all Do. 6 per et. Debena 63 66 14
100 all Do. 7 per M. 1802 OO 63 60
100 all Do. do. 1867 6O 66 60
100 an De. do. 1872 * 66 -
8R 100 Ore* Indian Plllli 87 07} 171
NZ 0 Do. New -
* 13 CIL 8. of Ineadnia4sBE. et l} 15 dla 11}
1114 all CM.Weet ll} 111 -
10} 1.11 Do. New 9l Ms _
100 all Do.Hda,PerBoptat 3 98 _
160 all Do. do. 73 opt. till ft 08 -
100 all Do. do. 73 witboutop. 96 07 -
100 all Do.4}p.M.Bda,pey.77 90 93 -
IL I* Madras Guar. 4} per ct. 95 00 -
IL 10 Do. do. 6 pow et. N -
00 NO Do. di por et. -in 'oo 111 -
IS Do. MD Nam do. -
11l 1011 oalb.Ckep.op. el - -.-
28 an N. Brawl** Oen.*
Il Du elm A cap. Ca 6 7 ..•
-
81 all . do. Land do. f
W an Do. do. B cap. do. II 7 -
ID all Do. do. land do. 6 7 -
N is. . de (Ladled - - -•
Id 1 de -
1111 7 Do. Punjaub -
IL 100 Do.lnd.Salrlot.g. Sp.* 94} -
11 1 nidad.Llooltednor 5 5 dla -
COLONIAL COVELNIONT IIDOUNIIINIA
No. Ift I 820001. iPt I CI. prism I We&
.... .. CaII.OOV.6p.C.JAIL&JIL 100 113 116
cent. .... .. Do. 6 per cent, I= ..111 - - 1:121
.... .. Do. 6 per WO .. 100 - -11 l
.... .. Do. 4par omit., 1851 - 100 - - 1
.... .. Da 13per et. Telt&Aag. 140 111 118 -
.... .. Do. 6per et. Mar Lkm 100 11l 113 -
mom
.1 Do. 5 per tuna lOO 100 101 100} i
A Da do. asetp..
.... .. New Brusser.Oov.6p.d. 100 106 106 --
.... .. N. 8. Waleaov.sp. 0.1886 100 98} 90} -
•• . • .. Do. Op. a.. 1871 to 1876 1110 98 99 -,
.... .. Do. 6p. e.. IMO
.... .. Nova tioelia oga et. OM
.... .. Deb. redeem. ISM
.... .. S. Au* Gov. 41 p. c. Beads 100 107 109 ..
.... .. tine. 0v.41p. e.Jon•llulir 100 - - -
.... ..I Do. d0.41p.c. Awr.ltOet. 100 107} MI 107} }
JOINT lITOCE BANKS.
No. (Bb. I BUM. Pd. IQ. priors. 1 Min.
XOOl3 100 'Agra and U. Irs. Beak .60 - - -•
500, 40 i Australasia an 68 70 -
10,0001 25 'Bank of Typt -
6,000 100 Bank of London lO 54 II -
50,000 10 Bank of Turkey 3 - -.-
10,000. 60 iltritiob N. America - - -
liattol io Chart. Bank of ladia
Australia, and Mos -
5 25 Clirtad. Mere. of Indla
Lon., and China an n n -
60001100 'Colonial
55 74 75 -
20,000' 100 'Colonial IS -, - -
•o,o* 20,11 Zola of Canada all - - --.
*OOO 100 ~Com.. of London
15,000; 20 iEng. Scot.& Auslatertd an 16} 16} -.
80,000 20 'G. Bank of Switzerland all - - -
36,000' 20 ton Ch. Bank of AustrL an IQ Ni -
26,000' 60 London and County - - -
03,000 60 London Joint Stock - - -
10,000, 20 i Loudon & ioutb African 2 } do per -
60,000 100 ,Lon. and Westminster_ 10 - - 610} }
10,000 100 iliac. Prow. of England 4l - - -
20.000 10 , Do. New l2 - - -
30,000, 60 Motional Bank - - -
25,0001 110 New Routh Wales all - - -
60.100 i as ;Oriental Bank Corpora all - - -
26,000 30 Ottoman Bank -
20.0001 100 , Provincial of Ireland - - -
4,000 10 1 Do. New - - -
moo as 'Bomb Australia all - - -
M,OO ES ;Colon of Australia - - -
60,000 30 Colon of London - - IS
0.000 110. Unity Mutual -

No. I ilt. I COMPLIIIM

10,0001
111,000.
&10:1

Anglo-Mesicen RIM
Amtrallaa Mirka • • • •
AtLantle TeL
Berlin Waterworks
Brit. American Lad
BrIL &Isiah Mar,l'el.l
Do. 117 per a tM UMI
Do. C
Canada Land
CChannel
of Mande Tel. (Lt )
Doo Om& emW
Prof. Ti per mat.
C 17.4.1 Palace
po. Preference

i~Ylb

i:O6DI
$60,000
12,0001
1.00N2L
NO
*60,0001
700.000

--i:iii.
10,000
10,000
000,000
100,000
12,0001

,~;~i

iiiiiii
wool

-1.111
11.0:110
.1?...-.

Do. 6 p. ct. Prop. Deb.
Electric Telegraph
Do. New
Eng. and Aust. Cop.
Oen. Moans Na
Great Ship (laralvti)ll
Do. 17; per coot Prat.
Lau. District Tel. IL)
London Discount (L)
Loa. Oen. Omnibus Os.
Madras Irrign.tt Oriel
llsditerransanlilectTeL
Dlecilter. Zs. Tel. (Lis.)
National Discount Co
NerhaddaCcalglron(L)
Netherlands !AN ~

-221-24 c
29 •1

M I

IT 19
19 21
Is 15
116 120
6 8
21. 17.

lori —Do.lip-e--..b.atfa s
N. Brans. & N. Ile3i. Li
N. Brit. Ausirshalas
entail Ots

..
001 lil
07 00
106 106
107 100
en ler

i I
Pi
t:He
1 I
1 II
11 g PM

esil II die

i t
10 1S
1
I
i lb Dar

-Da"Ne. Mane"..
Odom In. Btm. (Ls.) A
Do. do.
Pool River Lands KW
Psalm sod Oder. SW

Do. New
led Sea et Ind. Tel. 4,
p. c. for 50 yi. by Br. Gov
Ithysney Iron
Do. New
Royal Hail Steam
Scottish Atud. Invests
.r.i., Routh Australian Land 1
as TeL Scrip
Do. do. Registered
et L. Co. Up. Can
is Dieser's Lind

N 12
71 74
114 In pot
dl. par
19 21
hi 9
60 62
120 110
14_ *6

1 I

PROVINCIAL SHARE II
llANcuirrial, Jour 14.—Only a modem'
steady. Great Westerns, Tli neat accow
Canada, 11 s.l6—Leeds. 106! a. a —Chatl
31—North Western, late n. a. --Sheffield',
—North statfard 31146 dia.—South Lash

and Merry Sirius Insurance, 11-16 pm

1860.

MONEY MARKET.-THIS DAY.

Two o'Cux.x.

The funds remain very quiet and stationary in
price. There is little disposition to enter into
any transactions of importance until Mr. Glad-
stone's financial proposals are made known.
The principal movement in the Stock Exchange
is in the market for British railway stocks, where,
notwithstanding the languid condition of business,
• rather decided improvement has occurred in
prices, owing to the absorption of stock by the
public.

At Paris this morning, aooording to Mr. Renter's
telegram, the Three per Cent. Rentee opened at
69.10, but receded to 69.06, being the same as on
Saturday.

Consols are officially marked 931 and
for money, and 93i and for the account. The
present quotations are 931 to for
oaah, and 934 to for the 9th of August.
The official business report is 118 follows :
Bank Stock, 231 ; Three per Cents. Reduced,
931, i ; New Three per Cents., 931, 1 ;
New Two-and-a-Half per Cents., 77, ex
div. ; Thirty Years Annuities, expiring iu
Jan., 1880, 13 ; Indian Five per Cent. stock, 1889,
104, ; ditto Four per Cent. Debentures, 1869,
981 ; India Bonds, 74., 3e. din. ; Exchequer Bills,
2s. prem. par.

The foreign stock market is quiet. Turkish
Bonds are steady ; the Loan of 1864 is quoted 77 to
and that of 1868, 60 to There is s better
demand for Mexican Bonds, whilst Russian Three
per Cents. are weaker. Sales are recorded as
follows :—Brasilian Old Five Cents., 100 ; ditto
Foui-and-a-Half per Cents., 1862, 871 ; ditto
Four-and-a-Half per Cents., 1860, 88, 87} ; Dutch
Four per Cent. Certificates, 1001, 1011 ; Mexican
Three per Cents., 21, ; Russian Four-and-a-Half
per Cents., 93i, 94, 931 ; Spanish Three per Cents.,
48} ; the Committee's Certificates, 4, 5 ; Turkish
Six per Conte., 1884, 771 ; ditto Six PerCenta.llBsB9
60, ; ditto Guaranteed Four per Cents., 102 i.
The scrip of the new Russian loan remains quoted
to 3 pram.
The shares of the Union Bank of London are
rather flatter, and are marked 26.
The particulars are published of a number of
Bonds representing a total of 37,9001. of the
Turkish Six per Cent. Loan of 1854, which have
just been drawn by lot, and will be paid off on the
10th October. The list will be scanned with great
interest by the bondholders, for as the present
price of the stock is only 77, whilst the repayment
will take place at par, the holders of the lucky
numbers will receive a bonus of 23 per cent.
There were again no bullion operations at the
Bank.

The arrival is announced of the Eagle and Maid
of Judah, both from Melbourne, with 266,000/. in
gold. The Illinois, from New York, has brought
20,0001. The other imports of last week amounted
to about 1500,0001., nearly all from thetTnited States
and the West Indies.

To-morrow is the day for the regular re-
opming of the transfer books at the Bank of
England for the following government securities,
viz. :—Three per Cent. Consols, Three-and-a-Half
per Ceuta, Two-and-a-Half per Ceuta, New Five
per Cents., and. Annuities (January, 1880). The
books for the Indian Five per Cent. Stock of 1859
will be re opened on the same day at the India-
office.

It appears that Messrs. J. and R. Clarke, of
Kidderminster, in the leather trade have tiled a
petition in the Birmingham Bankruptcy Court,
under the Private Arrangement Clauses.

At a recent meeting of the creditors of Messrs.
David Hiptins and Sons, of West Bromwich, it
waa resolved to accept payment in full, by four
inst►lments of five shillings in the pound—the last
payable on the lst of August, 1881, payments
secured. The liabilities amount to 17,6001., and
the assets to 8,8001.
The Electric and International Telegraph Com-
pany have issued the following circular :

The damage done to this compsisy's cable communication
between England and the Continent, which caused an inter-
ruption while repairs were going on, has now been com-
pletely put in order, and the company have the pleasure
of announcing that they are again in a position to forward
dispatches to the Continent with the rapidity for which the
" Hague route" is distinguished.

We extract from the Money Market Review of
Saturday the following statement bearing upon the
profibi of the Bank of England :
The annexed table may be found interesting, as well as
useful for future referenoe. It shows the dividends de-
clared by the Bank of England from half-year to half-year
and from year to year, during the last eleven years. The
result of the Bank's operations for that period is a gross
return of 941 per cent., being at the average rate of
8/. h a. 9d. per cent. per annum. It takes, therefore, 111
years for au original holder of Bank Stock to receive be&
the whole of his °spite]. But the statement suggests some
considerations which interest a far larger class than that of
holders of this stock. It is instructive to tra,e how the
profits of the Bank rise or fall as the rate of interest rises
or falls. During the half-year ending with April, 1849,
when the after effects of the panic of 1847 had not yet
passed away, the Bank's dividend was the largest on record,
namely, 51 per cent. (for the six months). In the six
months ending with October, 1849, there was a
marked falling off, the dividend being only 31
per cent, but this dill made 9 per cent. for
the whole year 1849. In 1859, 1851, and 1852, the Bank
could only earn 71 per cent per annum, the rate of interest
being extraordinarily low, and the commercial community
being independent of the Bank to an extent rarely known.
In 1853, 1854, 1855, and 1856, enterprise occasionally ex-
hibited signs of revival, although the money market was
disturbed, and the rate of discount driven up, by the RM.
sian war and by the complications of French finance. The
Back of England, accordingly, was enabled to make eight
and nine per cent. per annum , and in 1856, when the com-
mercial movement bad become swifter, it earned 91 per
cent. In 1857 the commercial clam* were in distress, and
obliged to press heavily upon the Bank ; and in 1858 they
were engaged in gradually getting out of the Bank's books.
For those two years, consequently, the Bank's dividends
rose to 10 per cent per annum. It is worthy of remark that
in the six months of 1857 ending with October, and in the
six mouths of 1858 ending with April (the period of
severest pressure), the dividend was as much as 11 per cent.
per annum. In 1859, on the other hand, the value of
money having fallen to a low point, the Bank's profits de-
clined to 81 per cent. We see by this comparison that the
greater the necessities of the public, and the higher the
rate which they are willing to pay for money, the greater
are the profit* of the /Mk of England. • • •
We will merely remark, in conclusion, that the instant
responseof the &ink's dividend to a rise in the rate of dis-
count, no matter if that rise is accompanied by commercial
distress and failures, as in 1857. says much for the prudent
and legitimate character of the system of banking pursued
by its managers.

DIVIDL.N D 8 DIOLARED IT '
TH C LAB?

I SLIM OF ENGLAND
ISVEN TZARS.
Per Cent.
9 for whole year 1849.

Per Cent.
April, 1849
Oct., do.
April, 1850 4
Oct., do
April, 1861 4
Oct., do.
April, 1852 4
Oct-, do. 35
April, 1863 4
Oct., do. 4
Aprft, 1854 4.
Oct., do.
April, 105 4
Oct., do. 4
April, 1956 5
45
April, 1867 45 1
Oct. do.
April, 1858 .....
Oct., do.
APO, 1859 4 1
Oct., do.

7i do. IMO.

7j do. 1851.
lj do. 1a52.
8 do. 18W,

9 do. 1854.

8 do. 1851

do. 18/4.

10 do. 1g57.

10 do. 1858.

8i do. 1859.

Total 94
Showing in average divide
per cent. per annum for the

cent. in eleven years.
at the rate of 81. lls. 9d.
ren years.

SATVIDAT EVIXDIG.

Consols closed to-day the same as yesterday, at
931 to for money, and 93., " buyers," for the
9th of August. During part of the day thero was
a reduction of 1 from these prices. The official
business report is as follows :—Three per Cent.
Consols, for money, 931, f • ditto for account
(August 9), 93i ; Three per Cents. Reduced, 93f,

Arrival for t:. week en•llug 25th of July last year, tele min.
and delivery 1,203 casks. The antral led week comprised 1,219
cm.k, frore St. Peterrhunc. 49 from South America, ands tram
other places. Total, 1,;:s11 cask,.

METROPOLITAN CATTLE 3IARKET.
(IRIS DAY.)
The supply of beset. is considerably larger; the demand is.
flowerer, good, and choice qualities are but much lower.
The number of sheep is also much greater than on Monday
last, and the guotationa of that day are not maintained
throughout. The trade is rather better for lamb.- Calves
are selling about the same as on Thursday. From Cer-
many and Holland there are 1,600 beasts. sheep, 2:0
calves, and 8..) age; Spain. 100 beasts; Norfolk and hat-
folk, 100 ; Ireland, ;10 ; and 1,400 from the Northern and
Midland Counties.
Per stone of albs. s. d. a. 4. Per dome 01$lts. a. d. s. 4.
Best Scots, Iferefds. 5 6 6 8 Best Dm& Of.b.l4Sh
Best Short-horns .54 6 6 Beet Long•woois 52 6 4
&mad quaL beasts 4 6 410 Do. do. Store —
Calves ....... 4 4 5 6 Ewes & second mud 4
. 4 0 6 0 Do. do. Bboru -
Deanna& 111f.breds 5 4 5 8 Lambs
Beasts at m.rket. 4.140 Sheep and lambs, 28400;
100; Pip. 390.

• 4 e

I II I
Calves.

BOROUGH HOP MARKET.—(THIS DAY.)
News. Pattenden and Smith report that the aoccsanle
from the plantstions r•seived this morniir. state, with ban
very f.a• except,ons, increase of both Byc and lice. and
we have few backers of duty over 130,000 f. ; many think*
will be a severe blight.

Tat HOP TRADE.—MAIDSTONS, JrLY 12. —At
the market to-day complaints were general of sena"
damage done to the hop plantation by the late exceed.*
rains. On all low and level lands, where the wet does not
run off very ittickly, the extreme moisture appears to have
injured the root, for now that the rains have reused. and
the plant might be expected to "go ahead," the leaves tun
yellow, the Woe. droops, and in a little time it is evident
that the plant Las been -killed. Added to this, them is • great
deficiency of bine in the beat gardens ; and fly is more or
less perceptible ttearywiteee. These reports naturally pro-
duced an effect upon the market, and all kinds of hops are
fully It. par cwt. higher than they were a week ago. The
result has been considerable briikness in the hop market.
and some sales have ban effected with those pluutere who
yet hold their growth' of last year.—Meiriroae Joumal.
A FATAL AFFRAY AT PORTSMOTTH. —John
Mullins, • fish hawker, charrd with killing John Wickham.
• private in the Suffolk Militia Artillery, won examined
be-
fees the Portsmouth borouguatnagistratot on seturday, and
committed for trial on the of manslaughter.
CITY or LONDON HoeriTAL role Dicamnr4 or
rained?" Cli•liff of
at w
which 169 were new cams
.p6tie.nt.e