Thursday, September 10, 1857

London Mail

Location: London, Middlesex

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Text Content of Page 1 of London Mail on Thursday, September 10, 1857

London Mail (Newspaper) - September 10, 1857, London, Middlesex SEPTEMBER PKICE 3d THB Bank of England maintains its rate of per but the directors extended the limit for the date of Up to the last few days accommodation was to be privately procured at 5 per since then no paper has been taken below the Bank minimum but money is and discount The arrivals of specie continue to be and in the ab sence of any great demand for a large pro portion of the gold has been taken to the About ten vessels are on their voyage from Aus with an aggregate of specie exceeding and have been at sea for periods varying from 65 to 120 Beside there have been large amounts in dollars from South America and the United the merchants of which have to pay England about six millions the balance against them for the present In America several failures have taken and among them are certain the sus pension of which has been occasioned by fraud upon the part of officials though they have given a shock to American do not appear to extend beyond certain The abundant vin tage and harvest in France have given an impetus to trade and the difference in the price of grain between the present time and the corres ponding period of last is calculated at little less than forty millions The Paris Bourse is very owing to the impending breakup of the Credit Mobilier It has been long foreseen that this establishment must sooner or later come to an end bnt the public were not prepared for the rapid decline which has taken place in the value of its This has been brought about by the retirement of some of the principal and must necessarily have a ruinous effect upon the speculative portion of the general commerce of France is and the position of the Bank of France equally satisfactory with our The account of the Bank of on the 28th Woo no folio SVa Circulation Increase Public ditto Private Ditto decrease GovernraentSecnrities Private increase increase decrease In the two weeks ending at that date the changes have beeu as Circulation Public Deposits Private Deposits Government Securities Private Securities Notes Reserved The present steamer has of which are in a much smaller amount than has been customary of Of the are for for for for for for Hong and for Shanghae of the are for for for and for the The funds have been and with little busi as well as the rest of the waiting for the telegraph from India which is now hourly Railway Shares have been flat with but few and prices A petition has been to the Vice Chancellor to wind up the affairs of the London and Eastern Bankiug upon the ground that the Directors are not proper parties to have any coitrol or interference in taking the accounts and winding up the affairs of the and qiglit not to be at liberty to put in force any of the powers of the deed of and that it will b for the interest of the share holders that it shodd be wound up uuder the Act of as various questions will arise which can only be settled under The petition furl her alltges that the balancesheet was If this allegation be it will render the Directors table to punishment under the Fraudulent Trustees which became law at the end of the ard which ex pressly to meet such The 21st is fixed for giving a Consols Three per New TwoandaHalf per Exchequer Bonds Bank India Bonds Exchequer Northern and Central India Calcutta and Ceylon B East C Euphrates Great Indian Peninsula New Five per Madras FourandaHalf per Fourandthreeqnarters per Third Extension Five per Fourth Extension North of India Tramroad Punjanb Scinde Five per Bank of Chartered Bank of China and Australian London Chartered Bank of New South Oriental Banking Corporation Ottoman Bank Union Bank of Australia New Australasian English and Australasian Smelting North British Australian Oriental Gas New Shares Scottish Australasian South Australian Land 90i 90J91 90J 90J91 214 210 212 20 4 BJ 87 89 x 8i 9i 18V 171 ISi 46 48 35 361 14 14i 51 52 6 7 u J H If 32 34 the last mail a farther decline of shout per quarter occurred in ths value of but since millers all over the country have been desirous of getting into and pur chasing paid from to per quarter the lowest and at present the market is firm at that The accounts of the po tato crop having somewhat extensively and the rye and Indian corn harvests in certain parts of the continent having fallen far short of an ave an opinion is held that the extra and imme diate consumption of wheat will be than and therefore that a great portion of the extra yield will be absorbed to supply the vacuum thus created in the general supply of market had been exceedingly dull until the last when a demand sprung occasioned chiefly by the trade increasing their stock the sales have been extensive during the last ten and an advance of fully per has been Fifteen half bales from Tu tocorin have been sent to Manchester as an expe riment it realised per and yielded a profit of upon a cost of The manufac turer reports it to be very good and and would do to substitute for boweds and that he is willing to take any quan tity of a similar At Manchester a rise in goods and commensurate with the price of the raw which has taken and as the production is kept stock has not accumu and holders are firm in demanding the en hanced In goods for India nothing has been the falling off in shipments is about PRODUCE has generally been but as im porters have refrained from pressing the prices have been generally well SUGAII is again except for the finer descriptions the last sales were a small parcel of yellowish white at and Gurput tah fine at good at per Tlie stock in the warehouses is now about equal to what it was at this time last but grocers and refiners are and particularly so at the from being quite has become apparently upon the strength of a Govern ment and probability of others being of fered East India Las been sold at and renaug at per sales having gone off rather below the current prices here have given way a and good ordinary native Ceylon is worth and common to per have been guided entirely by the state of the corn market but after fluctuations prices must be regarded about equal to what they were last with more disposition to especially floating SALTPEXKE has been very animated but prices have again given way at least per The last parcels offered were of indirect and all taken per at 8 per at per cent at and 11 and 12 per at per Since per has been sold at at and 10J at per The following is from the modthly report of Edward demand improved after our and during the month a good business has been advancing to per for the better More recently the unfavourable conclusion of the Dutch sales has again flattened the The business has comprised barrels and bags Plantation Ceylon by auction at to for fine ordinary to with fine as high as bags good ordinary Native at to 300 packages Mocha at to for fair to good garbled 580 cases bags other Enst India at to for to for good to fine ordinary pale and to for Tellicherry and Neligherry and bags Costa llica at to per Afloat bags Ddmingo have changed very active demand lias been ex and an extensive business has been done at an improvement of fully per upon all The total sales reach about and the most recent prices obtained Surat to for very middling to fully and Madras at for fair and to per for middling seedy to good fair Tin of East India are very in their and demand an advance of for and per on Madras upou the July sales recently a good business has doneat the above The October sales will commence on the and comprise about the exception of a few days to wards the latter part of last when gqod enquiry was and rather large pur cheses were made by the trade and on speculation causing some rally in this market has continued to exhibit very great depression trans actions have been very and have almost continuously especially for the low and middling which arc now to per cheaper than at date of OIK last on good and fine the decline is from to per market has presented a very quiet appearance since our and only a moderate amount of business has been transacted at a de cline of about per except ou fine rather more enquiry has been manifested small to middling white Bengal has sold at to good very fine and pinky Afloat African has sold at to per arrived cargo of Rangoon at per FRENCH IMPERIAL The following is the translation of a communi cation from the French Ambassador to the Lord 1857 My Lord have received from the Emperor the following despatch I send you sterling as my personal subscription in favour of the officers and soldiers so cruelly afflicted in I also tend you the result of the subscription of I Imperial We have not forgotten Hie sub scription of the Queen and of the English people at the time of the ray Lord the assurance of my high Ambassador ol I send herewith an order tor Anna Marchioness Dowager of ex pired at Hampton Court Palace on Sunday She was the eldest daughter of the late Sir Henry Watkin Dash of and in second of by whom she had a numerous There was a serious riot in on Sunday last arising out of the practice of open air preach There were several persons shot and other wise The papers announce the death of Sir James the eminent who expired at Brighton on An intimation has been issued by the Horse Guards that commissions will be to those who raise 100 men fit for Lord Palmerston has forwarded a check for to the Mansionhouse fund for the relief of the sufferers in It is expected that the candi date ousted the late general will be returned for Oldham without in the room the late Currency has again been given to a report that MajorGeneral Sir commandant of Woolwich is about to be nominated to the appointment of Governor and Commanderin Cliief of in succession to MajorGeneral Sir Reid and Sir whose terms of office will shortly A vacancy is about to occur in the representa tion of in consequence of the bank ruptcy of the local auctioneer returned at the general Montagu who formerly represented the borough in is a with every chance of Some time since the Times made a virulent attack on Sir Wjilliam on the assump tion that his acceptance of the office of companion to his Royal Highness the Prince of Wales in his German tour was accepted with a view of shirking the chance of being sent to A letter of the gallant general to the offering his services in any way that might be deemed use ful for the suppression of the Indian has since been The neither retracts nor but finds fault with the style of trusting that it will be no of Sir Williams duty to instruct his Royal pupil in the correct use of the English THE ATLANTIC is reported that tBe Atlantic Telegraph Cable is not likely to prove available for either of the projected Indian lines of It appears that in its present coiled state it generates or absorbs a great amount of and a fear is entertained of its being ruined by the temperature to which it would be subjected iu twice crossing the It has been found that extreme heat in the parts under pressure forces the copper wire to the sides of the gutta percha and destroys TELEGKAPH IN TIIK electric telegraph has been erected to connect the establishments of Water low and Sons in Bircbinlanc and is the first instance of the electric telegraph being carried over the houses of very large towns in and also the first instance of a private linn having called to its for mere olliee tins important and useful This distance between the two establishments in a direct line is only about onethird of a and the whole distance is travelled by a wire suspended from pole to pole at a great elevation above the roofs of the in so much so as to be barely perceptible to the The firm have been prompted to erect this telegraph not only with a view to facilitate their business but from a desire to give a practical illustration of a scheme which Water low submitted some time since to the police authorities for uniting the the police and the fire brigade stations throughout the metropolis by an economical system of these overhead one wire to detective police purposes and one to the fire The value of this admirable plan is so apparent that it is unne cessary to commend it though it is said the merit of the plau is not due to as both Professor Wheatstonc and Chadwick advocated it strongly some years A the finest and fastest on tho waters of Upper was recently burnt to the waters edge ou Lake She took fire at her moorings and it being appre hended that the wharf and adjoining buildings would she was cut aud slowly receded out into the bay till she Madeleine Smith is said to have taken refuge in the South of when will take up her permanent Another nporl is that the unhappy woman has received a host of most of them of a frivolous and written with a view of her auto but comprising not less than ten olfers of mar Tim Hospital at liouai lias been destroyed by It was saiil that heveral of the patients were but no details have reached Snine soldiers left England for India since the of July irrespectively of all those reinforce ments which have been assembled at Calcutta from other parts of our Eastern or drawn from our other colonies or A Irnssiiin newspaper of some standing has propagated the rumour that the Kin nl Holland is disposed to make to a cession of tin Grand Duchy of now under his The relations between the King and hij Luxemburg subjects have not been very sgreeabla