The New York Herald Newspaper, October 27, 1855, Page 2

THE AFRICA HMPORTANT FINANCIAL THE NEW RUSSIAN LOAN Meeting of the Governors and Directors of the Bank of England. @pinions of Bankers and Others. THE VINTAGE IN ITALY. Our London and Madrid Correspondence, ‘The Africa’s mails were delivered in this city last eve- ning. We have compiled from our European files a care- ful summary of the latest financial movements in Lon @on, Paris and Vienna, from which it will be seen that the morey panic in England had not completely subsi- General Simpson’s despatch, @ated on 29th ultimo, contains the details of the latest movements of the contending parties in the Crimea. @ux Madrid correspondent gives some interesting facts vespeeting the present state of affairs in Spain. We publish late news from South America, which will be found important, both in a commercial and political point of view. Geneaal Flores had assembled eighteen hnndred trocps outside the city of Montevideo, with a ‘view of checking the revolutionary party, with whom he waspected that the Brazilian Miuister was leagued for the Purpose of injuring him. A Rio Janeiro letter of Sep- tember 13 says:— An enormous business has been done in coffee since From the 14th of August to preeent date we note sules to the extent of 313,000 bags, of 5 arrobes, or a total of 45,080,000 Ibs. quantity about 170,000 bags are n America, leaving a balance of 143,000 for European ded on 15th instant. the last packet. Of this enormous for shipment to ‘Le Nord, (the Russian organ in Belgium), of October 9, say#:—The Anglo-French journals will probably an- mounce to-morrow the bombardment of Odessa. thought that there are at that wheat, and us the supply of grain in England and France i deficient, it iso doubt considered quite rational to Burn what Russia possesses. Dehold in the Black Sea a new bombardment of Swea org. Even if it should have worse financial consequences for we may ask ourselves whether such an expedition aust the empire as the Enghsh journals assert, and whether the evil which the allied fleets can inflict on Russia will not be a terrible blow to the commercial in- terests of ail countries which ara interested in Odessa. The reply will be, “ This is war; we will burn everything on the coasts that is not surrendered.” Durnt, perhaps, but certainly it will not be surrendered.” lace immense stores of It ia probable that we may Alas! all will be Our London Correspondence. Loxnox, Oct. 12, 1855, News of the Week. ‘There is really so little stirring that thisis but the apology for a news-letter. The details of the cavalry en- gegement near Fupatoria have not yet reached us. Jearn, on the other hand, that Gen. Mouravieff has had a successful engagement with Turkish cavalry, near Kars, eapturing the brave old Ali-Pacha and four guns. ‘The allies are busy destroying such portions of Sebas- topol as they do not wish to retain, and the inter- ebange of shots takes place caily between the town and the north batteries, "Fhe government telegraph is silent. We learn, however, that the allied squadrons have anchored before Odessa, and ihe next news expectod is the bombardment of that city. Sth of October no bombardment had taken place, ‘The next item of news is the happy situation of the Em- Tt is thus officially announced in the “‘She has entered the fifth month. prayers of France are requested for the august lady.” A few persons are dropping Up to the evening of the press Eugenie. Tendon is awfully dull, into town, but slowly. harles Mathews has made his reappearance on the stage at Drury Lane. Our Spanish Correspondence. Maprip, Oct. 6, 1855. The Rain and the Deputies—Debates in the Cortes—The Queen's Abortion—Attempled Flight and Abdication— Exgartero Attempls to Resign and is Prevented—The King Consort—Return of the Court and Cabinet Changes—The AMMiaice of Spain, England and France—Atiitude of the Cortes and the Country—Lands of the Clergy—The Bud- grt for 1856—Americans in Madrid—Misfortune wo the Wife of Mr. Perry, late Secredary of Legation—He Si Remains with his Fumily—Movements of Mr. Dodge, | ‘The immense quantity of rain which has fallen has Broken up the roads, so that the Deputies were not ablo to arrive in time for the first session of the Cortes, on the Only eighty members were present, but the others have been dropping in till the beaches are again The debates bid fuir to be lively and ia- Seyeral members are understood to be re- solved’ to make bitter attacks upon the government— especially upon the supposed alliance contracted with France and England for the Fastern war—upon the noiay palace question, and generally upon the unenergetic and timorous warch of the Cabinet, which is the reason why the country ia discontented and unquiet. Besides the abortion or premature delivery of the Queen, in consequence of the fury our beloved sovercign got into about the palace question, and which I told you of last week, it appears now that there were also some attempts at flight and even at abdication. @oubt all this hubbub has been produced by the counsels of some enemies of the present order of things, anda good many are either now in prison or in banishment, ‘The Queen’s private secretary still remains in clove con- finement, without permission to see or be seen by any the Duke of Victory, great offorts to resign and retire from the direct! -u of affairs, but his friends will not let him do it, and te is incapable of doing anything himself. ‘The King Consort who is in a state of chronic rage '0- cance of the course of affairs, and more especially because they have taken away from him and banished from ‘he Court bis most intimate friends among his gentlemen ‘equerries, servants, ete., who are supposed to have been intriguing with the apostolfeal party, and protecting the private pleasures of his Majesty. The King, it seems, is engaged in the laudable occupation of fomenting the @iscontent and bitter feelings of his xpouse, our lady— whom God preserve. returned to Madrid on the Ist instant, some- what unexpectedly—as it was su not be moved so s90n after her m jest appears ‘to have made an effort.”” the return of the Court and the deputies the cholera, which has been just alive ail sammer, has shaken itself, stretched a little, and killed a hundred or two daily for a few days past. in the Cabinet is inevilable, but there is no bility that anything better than the actual ministers will come out of the troubled pool, and God knows they are bad enough. We shall soon sce whether what is said to be beyond a doubt, and what our government is sc silent about, is real We sre told that the alliance bet ain and the oceitental powers for the war a, thing already settled between the 1 (ondon, and that the consent of the that is Incking. ident to me that the government ought not to count much upon the Cortes in thi which, also, the opinion of the country freely spoken; and it is to be expected counter a terrible oppostiion, although they should make it a question of life or death for themselves, eeps Expartero and O'Donellin power now, fanybody else to take their places. if the clergy released from mortmath verment $1,000,000, ard proceeds Spaniards ‘come up to the work and buy land when a handsome penny can be turned, without appearing to care much for the Pope or the eler- © denounce all purchasers of churel ties in danger of eternal damn: The budget just prevented to th ter of Finance, fixes the estimate: 18656 and nine months of 185 238,408 reals, or $109,311 has been making ed the Quean could rriage—but Her Ma- Coincident with is matter, upon already been #0 at they will en. ‘The sale ofthe lan has already paid th Cortes, by the Minis. 4 expenses for the year up to] October 1, at 2.186,. 920 40, of which $63,048,256 90 mad to the year 1586 and the remainder to 1857. ts, in “consequence of the! late rains, have carried away a bridge over a little stream on the cote and Arangues now s' Cepot at that point. here are very few of Besides the families of t our countrymen here at present e now mezibers of the Amertoan some three or four travellers are all that General and Madame Williamson, of Bait and thelr two sons are still here and will rem I am sorry to learn that the ation, Mr. Perry, lies ina very ate, at In Granja, where they went soon f Mr. Perry's reinoval. All Spain woud inourn the death of our beloved and fed pocters, and inay God avert it, len upon her has been threatening ever announcement of her hussaud’s removal, in ditfeulty with Mr. Soulé. The im- the ‘ime was so unfavorable to her possible to avoit the result just return to America, I unde: m this cause, and he still The misfortune consequence of his Mato, that it han stand, has been delayed (, a atLa oon mith it Dodge a: ily are he the Viseayua, not having find a house to suitthem. Mr. Dodge ind are still living at been able as yet to fine looking man, pil be aeraily 1 ie iad Ihave 2 t yet had an vity of seeing, except in hor carriage, a the Prado. iu is but @ few days since they returned to Madrid trom the Escurial, EL CID. IMPORTANT FINANCIAL INTELLIGENCE, Aspect of Commercial Affairs in Burope—New Russian Loan—The Condition of the Banks se and a: @ FranceThe Drain of Gold, Coy ice em the London Times, (city article,) Oct. 11.) ¢ probability of a further advance to-morrow of the Bank rate of discount to 6 per cent was the chief subject of discussion during the entire day, and political news is comparatively disregarded. In Stock Exchange aad many other quarters, but not among the leading bank- ers, ihe belief in another upward movement seemed gen- ‘The firm appearance of the exchanges, the be- hat no additional amounts have been withdrawn during the past few days for France, and the knowl- edge that some gold was yesterday tuken to the Bank, encouraged an impression that a fresh step may t) week not be deemed necessary; but, on the other hand, it transpired that the demand for discount at the tank had again been extremely heavy, aid the more favorable symploms were therefore completely neutralized, This in demand on the day Feceding the Bank Court must be expected every week, until some assu- rance can be gained that the exceptional course of the Fank of France is ended, since the commercial communi- ty now provide for their fears rather than for their wants. Fhe private bankers and discount houses could but xely that the extreme rate had been reoched, their conti- dence is suoh in the general state of trade that they Would immediately afford abundant accommodation. Tt s therefore probable that an immediate rise of 1 per cent, or even more, provided it were known to be the last, or could fairly be considered so, would be followed by much less inconvenience than another movement of a half per cent, with the prospect a week hence of further disturbance. The perplexities of the public regestlig, the past and robatle fature operations of the Bank of France aro un- Hminished, and until the proceedings of that institution assume a plainer character, the commercial business of both countriey must be seriously disturbed. The ma- jority appear to consider that the method by which the recent measures were carried out was in accordance with that already cescribed in the Times ; but a variety of sug- gestions are forwarded by correspondents, euch illustra- ting the extent of uncertainty that prevalls, Thus, one writer, whose opinion on any financial question would at all times command attention, observes :— I think there must be some mistake in the idea that the mea- sure can have been accomplished by, ‘an operation through the Bourse. It seems to me evident that if the scheme has been carried to the extent mentioned (£4.000,000) the bullion can only have been obtained by the deposit in this country of some eneral securities with the large tinancial establishments faving heavy deposits in their bands, which they may have deen tempted to advance by the offer of a high vate of imter- est. An operation of that kind may be on for many. months, provided the borrowers be willing to pay the rate o lemanded, It appears to me the inquiry is worth notice. Whpther, however, my idea be right or wrong, it ix clear that such mysterious proceedings may prove extremely detrimental to both countries. In the present cordial good underatending between France and England it becomes the duty of both fo unite their strength in every way not to divide it, “Thave often thought that an tntimate correspondence upon emergencies between the two banks of France and England might be beneficial to both; and if the existing charters of either do not now admit o} it, an alteration or power to accom: plish that object might be given for their mutual advantage, Another correspondent considers there must still be some intluesces in operation which have not been made ublic, amd is disposed to agree with those who snspect a Russion loan, “Itis stated,” he observes, ‘ by foreign merchants and moneyed men, that the Russian govern- ment, not now in very good credit, have offered terms to the Dutch bankers for a Joan, which, it would seem, they have not been able to resist, This has led to the sa'e, in the English and Freach markets, of all other kinds of se curities, national and private, held on account of the Dutch bankers, the procents uf which have been remitted to Holland in gold, to be sent thence to Russia.” Such a sup- position, hewever, is not borne out by anything that has been lately observed. Some insurances for gold to Ham- burg, where the market for that metal is ordinarity very limited, attracted attention two or three weeks ago, from the impression that it was destined for Berlin, or, in other words, St. Petersburg; but the total sent, although larger than {3 usual to that city, was not of any magnitude, and during the last fortnight the fea- ture has ceased ‘altogether. As regards «direct loan from Amsterdam to Russia, the transaction could not long be concealed, and woull, it may be presumed, 1m- mediately give rise to interference on the part of the Al- lies; while, at the same time, its difficulties would be in- creased by the certainty that no houses pretending to any respectability in London or Paris would lend them- selves to assist it. Indeed, on thia point the same cor- pondent rightly obverves:—We shoul] object to any of ie continental governments supplying Russia with’ ar- ticles contraband of war, and it is surely as objectionable that they should be permitted to supply her with gold— the sinews of war.” ‘The next letter contains a protest against the recom- mendation of a previous correspondent, that the Bank of England, instead of raising their rate of discount, should reduce the period for bills torun. Another writer refers to the anxiety felt for the ap- pearance of each bank return, and urges their more speedy publication. This has’ been previously recom- mended in various quarters, and one objection to it was that, if each veturn were inserte! in the Gazelte imme- diately on its being mado up, It would be impossible for the bank court to deliberate upon it previously. It is now pointed out that the difficulty might be met by alter- ing the date to which the satement is prepared, a step that could be authorized at any time by the Commis. sioners of Stamps and Taxes; but it 4s not certain that the bank arrangements wou'd apmit even os this plan, since it is understood that the publication already takes place within three doys of the time when the account is completed. [From the London Times (City Article) Oct. 12.] ‘The Bank Court yosterday passed off without any al- teration being mace in the Fate of discount, The English funds opened with dulness atthe final quotations of last evening, but in the afternoon the mar- ket assumed a steady tone, and a general rally took place before the termination of business. The first price of Consols for money was 8634 to 34, and they presented an extremely unsettled appearance throughout the whole of the morning. The sitting ofthe Bank Court was pro- tracted to an unusually late hour, and the anxiety in the interval was such us to lead to an almost total ‘sas- ensfon of operations. | When it was announced that no new step had been regelyed upon, a gradual improve- ment immediately commenced, und’ the last official trans actions were at 863 for money, and 87 to 1 for the 8th of November. “At a later hour {ncreased tirmness was manifested, and there were buycrsut 86% for money, while the price for the account was 87%, to 44. At the commencement the speculators had rhotyn a general dis- position to act for a further full, but the public continued e rather numerous purchases, The letters from is do not allude to any further contracts for gold .»; the Bonk of France, but they state that uneasiness still prevailed regarding the stock of bullion, and that there was some expectetion of an advance in the rate of dis- count to 53% per cent. It was considered, however, that a good effect would Le produced if the Bank of England sheuld abstain from making any change to-d. The belief in any new and direct Russian loan having been covertly managed at Amsterdam secu sent to have been dissipated, and the public are dispos to hope for security up fact that no English or French house, even of the most questionable character, would be likely to co-operate in it, butelso from its being the recognized duty of any firm to whom proposals of the kind might be mate to communicate them at once to the allied governments. The possihility of such an attempt will undoubtedly call for watchfulness; but, so far trom seeking farther explanations than those afforded by the action of the Bank of France for the present state of the Lon- don money market, the most experienced persons have, as has been already observed, reason to feel surprise that the disturbance ai not heen greater. If those who have noticed the effects of a sudden exportation of gold upon trade and the prices of stocks had been pre- viously told that any amount approaching 24,000,000 was about to bo withdrawn by an artificial and secret oreration, extending over only six weeks, they would have felt convinced that cisasters of the ‘most serious kind could harély be averted. In 1847, during the heaviest period of the panic, fcom February, when con- sols were at 91, to October, when they touched 7834, the total ditoinution in the bullion was exactly £5,976 800. Yot here it was spread over nearly nine months, while even from the highest point during the inflation of 1846, the falling off was only 28,000,000, or just twice the sum now alleged to have been taken from us, The difference in the resuits between the two periods is to be attributed partly tothe lower point whence the decline in the bullion commenced, but chiefly to the cifference between the desperate unsoundness then prevalent and the nniversal henlthiness of our existing commerce. Even by the most sanguine, however, this healtbiness could searcely have been supposed to be such as to have enabled the shock to Le withstood in the manner thus far wituessed. When it is reeellected, moreover, not only that the Turkish loan and the sudden demand for g ne at the same mement, but that the speculators and alarmist: all classes had previously, in their ignorance of the real state of the country, and before even the first whisper of the movements of the Bank of France, been eagerly put- ting forth statements, that instead of being in cate dition we were approaching a crisis from natural efr: stances, the public will sce they have the highest reason to rejoice that, not having permitted themselves to be deceived ax to the actual caures of they are forced to eustain, the ave been in a position to look upon it without that dismay which would incul- culably have increased its sod that point, not only from the om [From the London Chronicle (city article) Oct. 12 his (Oct. 11) has been a day of ‘considerable anxi and uncertainty to both the commercial and the mc tary interests, but it has terminated more »: fac’ than was anticipated. A general impression provaile that the bank rate woold again be put up, arfd the inter- est displayed in the deliberations of the weekly board meeting of the directors was considera ily ef greater than had been manifested on previous sions of an advance being determined upon, Oa th stock exchange the anxiety of the menibera was played with chaiacterietic feeling. Bets were Cooly offered on the eventy ‘or some perlod of the day business was quite super every one waiting for the announcement with mnmistakeable cvitonce of a fidgety nod unsettled fecting. Tho board meeting Lank parlor did not break up until late in : and the lobby leading to the room time quite Blocked up with porsons desi what deciston the directors hail come to. animmectate effect on the stock market. Op ed with renewed vigor, and prices, whic eon heavy, suddenly commenced ‘rising, and © Suetuations, the market generally closed r. Instead of again raising the rate of in- he directors purpose checking dewand upon k's resources, by refusing to discount Praysian have any ‘coriuestion with the dratn upon its and notes reservs, Ces ads ices received from Berlin, It appenr uk of Prussia has raised its rate ot interest on commerctal bills to 435 per cent, and for loans on the deporit of securities t6 5% per eent. During the present month there are two instalments toa ak f — 3 ee . for en account of the new loans, On the 1¢t) 0 cent, amounting to £1,000,000, on acconnt of the Engin loam, ‘becoraes poyablo; and on the 20th inst, there is the instalment of NEW YORK HERALD, mount $1,000,000 more, to be ; waking a ‘ool? 22,600,009 <2 le directly withdrawn foo the supply in (he market. {From the London @hroni¢le, October'12.] * * . * *. * * * * ° * There are, at the present day, many in whom, proba- diy, “the wish is father to thought,” who are it the habit of exclaiming that ‘the sun of dis set,” and that the immense burden of her public debt will prevent her from carrying on the present war with eens with ee | it suas fo. be coomactet. is paper contains some very in- Testing. and Teer kets cs this subject. The result which it eee — cuoneaion ee the course of commercial legislati uring t! jen years, may well serve to singel any gloomy forebodings which may be fndulged in with respect to the financial position of the country. From this document, it appears that the total amount of our unredeemed debt on the dth of January, 1821. was £808,565,000, bearing an unusual interest of ,064,006; while’ on the Slst of March of the present year the debt was but £751,645,000, and the annual Charge thereupon £22,557,000,” boing u decrease in the capital during the thirty-four years of £43,334,000, and of annual interest £5,179,000, “Ouring this period’ our average yearly payments on account of interest and charges have somewhat exceeded £25,000,000, thus mak- ing an aggregate sum more than equal to the amount of the whole debt in 1821. This, however, is not all; we have not omy paid with regularity the dividenda upon our stocks, but have redu¢ the capital of the debt by not less than £42,(00,C00, being at the rate of some- thing like one millon ant # quar’ rer anpam. * * In 1820, the quantity of 5 per cent stock which existed was £155,479, i the present time there is only £483,000 of that stock borne on our books. We have now nod per cent stock, while in 18:0 there was not Jaa than £75,496 000 of that description. ‘Thirty-five years since there existed $30,642,000 o1 534 Per cen! stock—there is bow but £2,871,00v bearing that rate of interest. In- stead of a sum of £539,047,000 of 3 per eents, which ex- isted in 1820, the great bulk ol the debt is now formed of that stock, reaching 4 sum of not leas than £745,333,000; and we have also a 236 per cont stock, which did not exist thirty-five years since, representing $3,007,000. While we have only suc in reducing the nominal capital of the debt by something less than 5 per cont, we have effected a reduction in the amount of interest of more than 20 per cent, Of stock paying dividends of 3 per cent and undor we have, now £748,341,000, against £539,947,000 in 1821; while of stocks higher than 3 per cent there were on the Blst of March last but £8,204,000, £261,617,000 which existed on the 6th of January, 1821. ‘This reducticn and modification of the publis debt have gone om contemporaneourly with great and important ebanges in our fiscal and commercial legislation. By equalizing the burdens of taxntion, and removing many of the impediments to industry and manufactures, we have been enabled to obtain a larger amount of rovenue with less difficulty than was experienced when the na- tional income was considerably less, our revenue from ordinary sources having increased from £54,000,000 in 1821 to £59,000,000 in 1854. During the period to which these returns refer, it must also be borne in mind that we have created £71, 608,000 of new stock by loans for slave compensation in 1838, re- liet of distress in Ireland in 1848, and other subjects inde- pencent of the ordinary revenue and expenditure of the country. A very large proportion of the public debt now consists of new stoek created during the last thirty-four years in exchange for original stock, being in the aggre. rate not less than £528,358,000 ; this amount set against 5€6,603,000 cf redeemed stock, gives a total reduction of debt during that interval, as we have already said, of 43,834,000. We by no means wish to contend that any very oxtra- ordinary advance bas been made in the liquidation ot the navional debt ot the country during the time to which wo have referred. The period, however, which has in- tervened between 182! and the close of 1854 represents that which is generally considered as the lifetime of generation. With the present year a new generation must commence to deal with the debt, and we may derive some gratification from the knowledge that if eighteen of our succeeding generations Hquidate the debt which shall be bequeathed to them at the same rate as that in which it has been redeemed by us since 1821, the children of the last of that long line of generations will have the privilege of living in a country, no part of the revenue of which wil be absorbed by the payment of dividends on its public debt. At the peace of Utrecht the debt had increased to fifty- five millions, Fnglishmen were bogianing to got accus- temed to the thing, and in the seventeen years which followed they liquidated only eight millions’ of the snm which they owed, ‘Then came nine years of the Spanish war, which, ending with the treaty of Aix-la-Chapelle in 1748, added thirty-one millions to the burdens of the conntry. even years of peace followed, and during the Pelbam administration a reduction of six millions was efiectee. Then came another seven years of war with France, which added seventy-five millions of debt; and in the Sears of peace which followed, prior to the brea! ing cut of the next war with France, we grew more lax in cur payments, and not more than half a million could be epared to the honest purpose of paring off the debt. Jn subsequent years it was thought that to appearance of honesty would be the best policy, and ap- it reductions were effected in the national debt, by of loans raised at a higher rate of interest than those which were extinguished. Thus it would appear that more than a century since our national debt was contidered intolerable, and great efforts were made to re moye the burden At a later period, under the Pitt régime, the liquidation of the debt from’e borrowod sink- ing fund was nothing but a hollow slam, Now at the present day there are large numbers of persons to be met with who seriously contend that there {s no evil in a huge national debt—that it is but the accumulation of a great capital superadded to the other capital of the coun- try: and eyen the payment of the interest is looked upon as no public burden; for we are told that as the money does not go out of the country, it is only our right hand which pays the left. Of our public debt it may be truly said, as Fope wrote of vice, it is A monster of such hideous mien, As to be bated, needs but (o Le seen; [From the London Globe (City Article) October 12.] ‘The decision at which the Bank of England directors arrived yesterday afternoon was evidently the result of attentive consideration and anxious discussion, and it must be admitted that the result ha: been to afford considerable satisfaction, which however would be greatly increased if amy relicnce could be placed upon the continuance of the prevent vate of 5% for discounts, It has been frequently mentioned under this head of fate that the tendency in periods like the present was towards un- due excitement and exaggeration, and, if the considera. tion due to the mercantile interests can be made comp tible with the strong control over the bullion mark which it is imperative that the bank should maintain, it would indeed be a matter for Ci harap pe among eli who wish to see the course of industry flow on undi t d by artificial causes. The war has an in- eWMable Influence upon all pursuits, but the present contest is so exceptionable, that, not having a maritime enemy {o dea) with, our commerce has sustained no in- terruption, except in the quarters where we ourselves have interfered. It has even been the pclicy not to re- fuse through indivect channels the produce of Russia, Es and although there are strong objections urged to the ly of meney which this aftords to the government at St. Melersburg, there Isat any rate avoidance of priva- tion to the Biitith consumer. Supporing the Bank of France were to act in concert with our own national establishment, the reeurrence of that struggle for bullion which has caused a depiession in all property to the amount of 10 or 20 per cent would have been mitigated ifnot avoided, and a strong hope is expressed that more consideration will be shown in future, and that the Bank of France will take its measures in good time. it may appear singular, atter all that has been caid upon the subject, that even up to the present moment, as appears by private letters from Viena, there is a great doubt whether the Aus- trian government bas succeeded in laying a secure basis for its financia! system, Its anxiety to secure a metallic currency has induced it to offer an immense premium to ee foreign capitalists wko would pay up in silver the riptions for railway and other concessions, and, true to its pale of delay, the contracts may not yet haye been signed, and even the great firms which offered heir co-operation may become convinced from the action of the Fank of France, the interference with the Credit Mobilier, and the unsparing measures of the Bank of England, that they are not +o very independent of public opinion and of circumstances which affect the mercantile body at large, as they have perhaps suppo Calcula- tions of £0 or 20 per cent profit upon the conclusion of peace ar6 materially disturbed by the eharge of 5 or 6 per cent, and the limitation of accommodation. ‘Twrive o’clock.—The settloment of the speculative ac- count being now in progress, and the ales upon the pre- sumption Wat the bank would again increase its diseount still more beari-h, partial renetion which many had anti lly as the public have been quietly ipve lends are payable to-morrow. | ‘The i s about ‘; per cent upon the clos- which were 4% higher, compared ed before the bank decision was known. The quotations for transfer are 87's to 8744, and for November, 8734 to 8734. __ The foreign securities are quiet, and the rally in Tark- Bonds is not quite commensurate with that which has red in the Fnglish Stocks. way shares are more buoyant, and with some in- ein ‘he general transactions, ibe Joint Stock Bank Shares are firmer, and Canada Company eyen higher. Two O'Croek.— There ts a further advance in Consols, ch have touched 879% 8734 for transfer, next settling day, the Sth of November. niunded debt, however, is lower, cash being always needed in the Stock Exehange upon account day. quotations have been Ss. to 8s, dis. stock has been dealt in at 207 £09. . to par, chorge haying rendered the ope: there is that and Exehequer bonds, } per Cents have been sty . and Reduced, & 34, in some of the foreign securities there is increased firmness, ond this is most apparent in Turkich bonds, the 6 per Cents teing at the present mo: £02¢; und the new serip 83g per c +0ck has sien $4 per cent. name French 3 per Cent eerip ia again quoted at par. The other bonds reled stendy mt the prices previously giv Most Viailway Shares have improved, and in ceve stonces fall 4 per cemt. Still the market fs not eo av the improved feeling would lend many to expect, Freneh lines continue nominal; ond ‘in othr desorip- tions of shares there ie no feature mMportance, Hai Past Tae O'CLock —The funds i continuously ising. — ¢ for tram ter, and $8 November S13, close at 80% m 80%, while the money prices have Limi nally undergone noaiteration since the morning, no further porehoses being made, Tue New Scrip has rh tae), and 8 dia, Freneh Scrip has advanced tv iy The railway share market cloves at a furiher slight hune provement, snd in some instances it is ty to 4 por cent \igher than yesterday, ™ (rem the Londen Shipping Gazette, Oct, 12, one o'elock, aN | ‘We teet of the Bank of England not havin rt vurther advanced the rate of discount has caubeh ok relief to the whole mercantile trade and the monetary interest, Porsens who have hitherto though! that the value ofmoney would go higher seem now to think that there is the probability of a decline in the present quo tations. ihe emand for direcunts on the Bank of Dngland om SATURDAY, O07 “ory, vat pouch of it g Ligher, rather thas mercantile and other was in anticipation of the 2 ec from the absolute wants of classes. ‘There is no repetition of the gloomy forel lately f ‘spoken of, and the reports of serious jculties Bet rieae nirr large catatiishtenta have. recelved’s positive contradiction, and cease to create apy unpleas- ant Sy weer ‘The English Stock market is very buoyant, prices hav- ing further advan making a ‘total improvement on the leat quotations of yesterday of no less than 11; per [From the London News, Oct. 20 We are strongly impressed with a feeling that Pax sition of the money market calls for continued and strin- nt caution on the part of the mercantile community. There is, unfortuatly touch uncertainty in our present position, Our met reserves are being drawn upon to a serious extent by needy States, and although the rapid rise in rate of dicount proves that our market has assumed a decidedly defensive attitude, we have not as yet attained a sense of ccm| tive security. When a lesson 13 to be inculcated, we think some degree of repetition is allowable, and we therefore ap- some of the more important results of the Bank of Fgbnd returns since the commencement of the present half year:— Other Notes Coin rite Unemployed. and Bullion, £10,412,335° -£17,584,066 9,653,020 17,328,806 1207, 16,644,152 8)781;145 10,385, 892}300 10,281,734 95160845 10,275,205 9/229,550 16,116,078 8,874,555 15,545,987 8,268,380 39,118 7/525,000 14,217,376 7,306,800 13,008,455, 7386815 13,268,607 6,195,570 12,038,928, During the game period, the government securities held the bank have diminished from. £13,767,204 "to Fro 196,020" a difference of 21,082,108. “How tauch of this surn represents sales of stock and exchequer bills by the bank we have no means of judging. The most satis: factory item of the bank balance sheet is undoubtedly that of the public deposits, which stood on the 7th of July at £6,802 350, fell on the 14th of July: owing to the quarterly ‘dividend payments, to £2,811,014, and has since gradually ascended to its preseni amount of £8,144,- 200, A mere glance at the above table affords sufficient explanation of the progreseive mse in the bank charges ; and it is evident that if the resources of the establishment continue to diminish in the same ratio, the rate of dis- count has not yet seen its highest point. On next Saturday, the (19th inst., some relief will, it is hoped, be afforded to the money market by the com- mencement of the dividend payments, which will re- lease some six or seven millions; but, on the other hand, it must be borne in mind that these disbursements have been “discounted” to even a larger extent than usual, by the advances made by the bank during the last three or four weeke. We must also take into account the sum that has to be paid on tho British and Turkish loans. On Tuesday next, the 16th inst., the 10 per cent. instal- memt on the former will absorb £1,000,000, whilst on the following Saturday, the 20th, an instalment of 20 per cent. on the Turkish loan will withdraw £1,000,000. The requirements for these two loans during’the next ten days will thus smount to £2,600,000, which must be Placed af asotolf, on the adverse side, against the go- ment disbursements to fundholders, Morevver, the million destined for the Turkish government will,’ it is apprehended, be chiefly required in the shape of specie. Mcanwhile, the knowledge that the tendency of gold to tow hence to Erance and elsewhere is not yet stayed, points still more strongly to the necessity of caution. Notwithstanding the prevailing uncertainty, however, we believe the public are now forming a tolarably accu- rate idea ef the real nature of the influences aife:ting the mongy market, and we fear we must add that their arrival at such weil founded conclusion has been mate- rially impeded by the remarkable pecultarity of the opin- ions impressively enuncfated by the Zines. ‘Throughout this monetary movement our cotemporary hos signally distinguished himeelt by a series of contradictions and rach assertions, and we think it greatly to the credit of our merchants that they have been able, despite the fi thus raised, to discern so accurately the true position 0 affairs, We’all remember, when the Bank rate of discount was raied to four per cent on the 6th ult., the alacrity with which ‘the Times stepped forward to assure us we might “‘rely”” that no further advance would be nceded and we also remember how rudcly the happy unconscious- ness of the writer as to the comming pressure was dissipat- ed, no later than the following Thursday, without fur- ther warning, by a rise io 434 per cent. No fresh nd- varces, howcver, taking place on the succeeding Thurs dey, (dhe 20th ult.,) our cotemporary regained courage, and’ ventured upon the promulgation of his notable theory that the whole movement was the result of causes of “a purely accidental character.” The most remarka- blo of these “accidents,” in this short-sighted writer’s estimation, was spperently, the non-arrival of an expect- ed £800,000 in gold from Australia, Scarcely was the ink of these observations dry when news was received of the arrival of this identical amount. Although it was a notorious fact that there were at the moment Jarge Continental buyers ofgold in tho market, our contem. porary immediately asserted, cirectly contrary to the opinion entertained in all well-in‘ormed quarters, that this supply would be at once sent into the Bunk. In- stead of this, not an ounce ot the gola was thus re- tuined; but, on the contrary, the Burk raised its rate of discount ¢u the 27th to five per cent. It having trans pired that the bulk of there bulhon purchases were to ecmplete a contract for £3,000,000 on a:count of the Bank of Finance, the 2mcs’ immediately procceded to prove to its own faiistaction that “the purchases which are now paid for by the proceeds of discounted bills must, when these bills mature, Le met in specie.” We were enabled ourselves to offer some authentic explana- tion «f the operation m question, which led us to the conclusion that the return of this gold was not to be looked for. Cur contemporars, however, on the Ist inst., waxed highly indignant at-this idea, and oven ventured, more sco, Dut in singularly bad taste, to impute un- worthy nictives,fubserving:— An attempsis apparently being made to create an impression that the fold iu procens of Wwi:bdravval from this country by the Kavk of France will not infallibly find lis way back —a state ment simply reprorenting an idea that the Bank of France could draw money from England on credit, without ever being called upon to repay it. Under ordinary circumstances, refer. ence to stich a point’ would be needless, but the activity of ®} eculation senders it necessary. ‘The same delusive view, in spite of repeated contradic: tions, was persevered in daily. In this same week, between tl th ult. and the 4th inst., we drew attention to the real extent—no less than £4,- (00,0(0--of the gold contracts entered into for the Fark of France, and felt bound to give ex- pression to the earnest hope entertained by the moe cautious yertion of the community, that the Vark of Ergland Would not hesitate to alopt the further mearure of correction involved in a rise in the rate of Giscount to 53g per cent. ‘This advance was announced cn the 4th, ‘The Times, which throughout the week had not inade tho slightest allusion to the probability of the step, could not restrain some expressions of surprise and dissatisfuetion, and ceme forward on the 5th with an elaborate and length attempt at self-vindication, in which feveral arguments already refuted wore still persisted in, the writer's memorable “ accidental” theory was again revived, and speculative and unpatriotic motives were feely imputed to all parties venturing to think and write otherwise than in accordance with these views. ‘the writer was erpecially severe upon a ‘ multitude of theories” put foward by the mercantile commu- nity “to account for their confusion, one of which was that they had al! been misled by the.Zémes, whileanother comprised the idea that Russia had been secretly borrow- ing.” In the firet of these “theories” ma ople neem still dispored to believe, whilst the Jatter “idea ”? was certsinly brought to the light of day in the city article of the Times itrelf. The most Cangerous part of our contemporary’s argu. ment we think is this, that the operations of the Bank of France are almost the sole cause of the present pressure, and that this gold must “infallibly”? return. We have no hesitation in expressing our conviction that rash statements of this kind aro highly mischievous, and that inthe present uncertain state of affuirs, a» journalist is guilty of a positive dereliction of duty, if he fails to do his utmost to impress prudence and caution upon the public mind, In many respecte, our existing’ monetary position ix anomalous and novel, and should rather induce calm di curtion than the hasty enunciation of partial and ccnsidered views. For our own part, we have endeavor- ed on several occasions, in n dispassionate spirit, to di- rect public watchtuiness to elements of disturbance which were in operation upon the market long before thes® transactions of the Bank of France commenced. tics showing the enormous nd for kilver, which for some time part has actually been causing the withdrawal trem France ofa portion of its silver coinage, to be replaced by gold taken from this side, ‘The drain of specie for the Turkish loan, for the Commissariat service, for the heavy gc vert ment « xpenditure thi oughout Europe, and for gin purebsses, has also been duly noted, and we have often in- Vited our readers to reflect whether the influences here in- cated are not sufficient to induce constant caution. We hew repeat our warping that the ssure is not yet over, and that mischief will arise if the return of our gold trem France be relied upon. ‘The present policy of the Bank of France has doubtless received the sanction of the Fmperor, who has shown on former occasions that he bas no scruples in utierly ignoring ordinary prinet- ples of commerce when seine special object is to be nt- fuiced. Tmpresced as that frresponsible government is believed to be with an iden that it ise point of pare- mount fmportauee to attract gold at the present June. ture, we apprehend it will do its utmost to prevent the reflux of gold hither. At the same time there is. strong ground for the hope that the upward movement in our money market will at leost moderate the reflux of the precious metal until such time as the French demand may be met by the large remittances shortly expected from Australia, {Ficm the Londen News (City Article) Ost. 12] 1 Veing the weekly board yesterdry at the Bank of Frgian, and an impression prevailing in many quarters that a further rise would be made in the rate of discount, business in the Stock Exchange and in other branches of trade was sul jected to much uncertainty, The sitting of the cive tors proved extraordinarily protracted, and wansac- ‘iene in die Hock markets became generally suspenied. At lergih, at nearly 2 o'clock, it transpired that the Board hod Incken up without the announcement of any change in the rate of dieccunt, The Fnglish funds, which hat ruled dull, at the closing range of yesterday, during the latter yort of the discussion, “immediately showed an upward tendency on the ‘result being known, and, afier exhibiting considerable buoyancy, finally cleed at an advance of % to 3% per cent. Many cf the purchases effected were to cover previous epeculative sales. length of the discussion at the tonk was interpreted ax indicating the existence of consisera- Le Cifesence of opinion among the directors, and led to a lurge umter-af Lets im the Stock Bechange and elscwhers. The decision to abstain from any further advance for the maevent haa evizently given rise to a feeling of relies it affords on indication that the emergency is not conaileved gent. Indeed, it isknown that during the last few the diain of gold to the continent has received a decided check. To-day we heard of no inquiry for exportation. It is hoped, moreover, that now and next, Thursday will be wilxessed the vival of rome Australian ru of the precious vetal. The chief consideration pointing to a turther rise in the Bank charges was thought to be the increased OBER 27, 1855. . f on yest k by the caution sien in Le maa sien ‘The directors, ) wloeh bas b rved at y snd to-ooy, partly prompted wever, probably that this increased was to some extent |, and due to the desire of merchants to put themselves in funds prior to foods, it 48 noticed, ett lane Foote inet pepe sar ors,?” cab still be readily discounted at the existing Bank minimam of 53g per cent, and generally there is a good supply of money. At ‘Paris to-day, at half-past 1 o’clock, the Three per Cent Rentes were quoted at 64.55, being about the same as they closrd yesterday. | At Hamburg; Spanish bonds ace reported by telegraph at a further fall. BANK OF ENGLAND. An account, pursuant to the -Act 7 and 8 Vic., c. 32, for the weck ending on Saturday, Oct. 6, 1855:— 2287005005 Government debt. £11, 100 Potent ae + 1: ET TE aeeciien Katee Gold coin and bul- tion. 65,025 silver Sa 2257 $25,705,025 £25,765,025 tora’ capitalize 55800 rnment Propri * capital jovet secu Rent ee. SERB ites Gnelnding lie dead welght an- Dated the 11th ae 1258. poses | sted the 11h day of Octo STCA SHALL, Chief Cashier. PREVIOUS WEEK'S OFFICIAL RETURN. ISSUE DEPARTMENT, Government debt. .£11,015,100 Other securi 200 Notes issued.......; £26, 368,265 BANKING DEPARTMENT, FA peaibeeiear:h erst Fublio’ "deposits, ¥ dead 1, an + 1,001,743 0: T™ £38,807 ,032 of Uctober, 1855. M. MARSHALL, Chief Cash'er, [From Galeguanis Messenger, October 12. The money market was very Snsseaiatey, as the spec- ulators apprehended a new rise of 34 on the rate of dis- count of the Bank of England. But as Consols had slightly improved, there was a i on our securities. Nothing was officfally known about the result of to-day’s sitting of tho Directors of the Bank of France, but it waa considered as certain that the discount would be main- tained at 5 per cent, but the bank would renounce the measure concerning the bills at 75 days’ date. The Threes haye been flat from 64f. 50c, to 64f. 56e., and the other securities remained at the range of pemeree ’s prices. It was reported at the end of the urse that the Directos of the Bank of France had main- tained the measure which they had taken last week. ‘The Railway shares were firm, but without much business. Nothing particular in miscellanies and foreign stocks. Tho From the Liverpool Journal (City Article), Oct, 13.] he embarrassed state of the money market has found no relief duiing the present week. Whether the drain of gold is attributable to the casual necessities of the Bank of France, or whether it is a necessary conse- quence of a protracted and expensive war, it equally pro- judices general trade, and the recollection of its ruinous influence in former years awakens apprebenkions of its possible consequences now, which the knowleage that every country in Europe has, during late year ly inciessed ite gold circulation, cannot entirely ay. A further advance in the rate of discount by the bank, al- ready raised te 53, per cent, was expected yesterday; and the absence of such a measure, arguing {ts being unne- cessary, has already tended to public cond- dence. I’erhaps on no previous occasion haa a pressure like this on the finance of the country occurred, when the stocks of produce have been so small, or when there was so general an absence of commercial speculation or excitement. The demand for cotton during all the pre- sent week has Leen almost confined to supplying the precept warts of the trade; only 6,020 bales been taken on specnlation or for fen and the total sale: have not exceeded 31,050 bales, To-day there ix rather more de- mand from the trade, and 7,000 bales are sold at about presious rates. American descriptions have been offered very freely, and they have declined fully 34. per lb., sales having been partially made at some greater conces- sion in prices, “he authorized quotations for “fair”? American are uniformly reduced 444, per Ib. Brazile ahd Fgyptiane are only in limited request, and they, too, heve declined about 24d. per Ib, CONDITION OF THE BANK OF VIENNA. [Vienna (Oct. 6) correspondence of the London Times.] he measures which the finance department has taken for restoring the credit of the bank have not produced such a favorable impression on the Vienna exchange as might reasonably bave been expected. Up to the year 18:8, cvery thing that could throw any light on the state of the Austrian finances was so eedulously kept from the knowlerge of the public that but few persons knew any- thing of the relations between the State and the bank. Since the revolutien the public have obtained considera- ble insight into financial matters; and, as the subject is ‘one «f importance, @ comprehensive though concise ao- ccunt of the relations between the bank and the State will now be laid before you. In consequence of the discreditable “ Finance Patent ” of 1811, the country was so inundated with State notes (gtiivalions eheinic,) that the Austrian government, on Jot of June, 1810) deciped that a quantity of them, of the nominel value of 100,600,008, should be withdrawn from the circulation. In order to effect this, it was re- solved to establish a Discourt Bank, This institution, which is the present Austrian Bank, was empowered to issue 100,000 shares, each of which was to cest 1,000f1. in Vienna paper currency and 100A. in Lard eash. "In July, 1816, when the measure was carried out, the value of the State note representing 1,000f. had sunk to 294f1. in con- ventional money, eo that in reality the bank only received 304f. per hare, However, the new institu fiom, which “bad, many privileges, ‘prospered, and on the $4 of March, 1820, it undertook to redeem all the base paper still in ‘irculation, which amounted to 440,716,c258., at the fixed. rato of 100fl in bank-noves or silver for 260ll. in State notes. What the affair was fitable one is certain, tor the bank did not think fit to in- crease its working cayital by selling 49,379 of the shares which it still had in hand, At different times various dealings took place between tho State and the bank; but it will suffice to say, that soon after the institu tion was founded, the State became the debtor of the bank to the amount of 61,000,000f, . After the year 1668, the State Treasury was completely exhausted, and ‘at various times the bank adyanced 55,000,00011., for which sum, on the 2d February,’ 1852, @ part of the Imperial saltworks was agg are As the bank had such good security for the last- mentioned 55,000,000f., the state only paid 2 per cent interest, Snbrequently the State incurred another debt of 44,000,008. tor Reicks schat:scheine (exchequer bills), which the bark kad withdrawn from circulation, When the rational loan was raised the Finance Department so- lemnly promised to poy off a certian part of its debt, but we find that the State had borrowed 80,000,0008, from the bank since November last. The State is now indebt- edto ike bank 240,000,000. As you are aware, the State will now cede domains to the bank to the value of 150,060,0C0f., Lut the latter will mo longer have the sult works as security for the above mentioned 55,000,00Cf. ‘The Finance Department has also an- nounced that the 2 per cent interest on the 55,000,0000. will no lerger be paid, as the bank will receive the revenge of State domains of the value of 150,000,004. as soon as the transfer of them is made. It appeara to be the intention of the Finance Department to reduce its ebt to the Bank either to 80,000,0004, or to the orig- inal sum of 61,060,008. The Bank ia evidently ina better position than it was in a few cays since, but still {ts shares have fallen, Among the reasons given for this phenomenon are the two following:—1, No sale of any Part or of the whole of the State domains can be con- cluded without the approval of the imperial administra- tion. 2, As no interest will in future be paid on the 85,000,C0CH., the dividends on the bank shares will be svaller. In my opinion neither of these reasons is satisfactory. It fs natural that the Finance Depart- ment should watch over the sale of property of the Mate, and sce that it is not disposed of for less than its real value, end it will be strange indeed if the Pank cannot manage to get 1 per cent per annut out of the Comairs as long as they remain unsold. Baron Bruck, as it Sypeare to me at least, has done his utmort to restore publte confidence, ut the reckless improvidenee and positive dishonesty of the Finance Department after the great French war, is still well remembered by the Austrian moneyed world, When the expendicure no longer exceeds the revenue public confidence will be re- stored, but certainly not before. Within the last four or five years tho value of landed proyerty has increased me thirty or thirty-five per cent, but this bas princi- ly arisen from the desire felt by all Austrian capital- ists to transmute their Seate and bank paper into real property, Reliable information has to-day been given me that the matter of the een Bank ‘is settled be- tween the Minister of Finance and Baron Nothechild, THE FOOD QUESTION IN NELGIUM. ‘The Moniteur Helge publishes the following circular nd- arcseed by the Minister of the Interior to all the goves- nors of provinces :— Brusers, Sept. 17. M. ue Govvensrcr—The high price of articles of food Las ploced all nations, and Belgium in particular, in a situation calamitous for the people. This situation jerly awakens the most lively and constant solicitude of governments, ‘To meet its exigencies it is fitting that all cegrees Cf the administrative bierarcl should show thcmeelves mere active and more intelligent than ever, ond should exhibit tbat zeal and devotedness which have Gistinguisbed the authorities of Belgium during the ya- ricus crises which the country has passed through in the ooThesiarting point in studying the wants whish are to ‘The starting point in stu: ¢ wants wi be ra‘ fofied isan exact knowl ige of the yield of the har- vest this year. I have already invited you to transmit jo me the fallest information you can obtain on this point before the 10th ot October, ally ing wheat, syelt, 1y@, buckwheat and potatoes. 1 récémmend you anew to exercise the most scrupu- lous care 2g to the exactness of the indications which on , and in the meanwhile to forward 33 algeneral sketch of the agricultural situation of your province, Ne also, at the rame time exert yourself 14 tneover egeantity of ra, the remains of the last Heece' nich be stil in the hands of the farmers or mer- chants, For this purpose consult the most experienced men smong the ot the various departments, Nog- lect ro wi upon this important matter, and heep me regularly au covrant with all that relates for your assiduous care should be to seek tbe most efficacious and practical means of remely- ing the privations and cuflerings of the workihg classes, wh 80 worthy of interest. For this p be well that you should piuoe yourseli ix with the chambers of commerce and the agricultural of your province, These, composed of men well acquainted with the moral and Seoiest situation of the worl men am whom they live, are expecially competent e an oF on the gers measures which should naa pared or taken at once. These bodies will probably be able also to give you useful information respecting the supplies of food which may be expected from abroad make up the deficiency of our harvest, exercise a bappy influence upon the med manufacturers, the proprietors and the farmers of their districts, in order to confirm them in their peneyo- lent feelings towards the laboring classes, and engage them to assure to the latter the Lent of a’ salutary pa- ‘onage. In addition to general measures, the adoption of which it br eg proper to decree, there are others which by their local character are better adapted to particular situations. It is essential that from this time forward Sa should fix the attention of the commercial authori~ ies upon measures suited to diminish the distress of the masses, and which have been applied at former epocha not wihout success. Solicit the aid of the clergy, whieh has never failed in its ministry of peace and charity, and the moral ascendancy of which smong our working po- pulation is co ‘imate. The bureaux de tute 2 most devoled machinery; its aid sl it with confidence and accepted with gratitude. ere private associations exist, or may be formed, charitable aim, it is proper to facilitate their or- nization and encourage their develo, it. The in- ts medical posse nea is also very rvention of province! desirable, and we cannot sufficiently second thetr efforts to ameliorate the sanitary condition of our principal Fue sriteen anced tev apects¥ sesaae mar 01 ae 7 ir attention, and that of the communal administrations: While combatting those prejudices, of which the corm trade is too often the subject, it’ is # proper that you should watch that no mancovre calculates to influence the price of food should be tolerated, and that sollers, ad well as buyers, shall have the fullest security in these transactions. The high price of produce makes it more than ever @ duty of the administration rigorously to watch over its sale, frem the double point of view both of qi and quantity. For fags ¢ of justice and hemanity wil neceseai ve every fumily guarantees against odious aduligrations (odieuses ic > andagainst, fraud in the use of weights and measures. I still hope, Monsieur, that shortly, when agricultural produce shall be ce a in greater abundance for con- sumption, prices will undergo considerable reduction. It is prudent, however, to make preparations for a less satistactory eventuality. I reckon on your devoted asaist- ance, and am persuaded that you will neglect nothing to stimulate in your turn the zeal and ty of all those whore aid semreias for the accomplishment of the dif_i- cult mission whi emstances impose upon us all. DEDECKER, Minister of the Interior, BARING BROTHER & 0O.’8 CIRCULAR. Loxpon, Oct. 12—5 P. M. The colonial and {foreign produce markets have been dull throughout the week, and prices in some instances have rather a downward tendency. The minimum Bank of England rate of di-count continues at 54g per cent, at which rate money has been in great request this week; but the demand has slackened to-day, Consol leave o at 8734 a 8734 for money, and 87% for the account, Mexican dollars 4s. 113¢4. "Bar silver 6s. 14d. Ameri- can eagles 76s, 24d. ‘South American doubloons 75s. 3d. American stocks remain unsaleable, as may be sup- posed in the present state of the money market, and, ex- cept, a demand for a,small amount of Maryland sterling bonds at 92, we cannot quote buyers for any State stocks. Pennsylvania inscriptions are offered at 77; Vi Sterling 6's at 86; United States 6’s, 1862, at 101; sylvania Central Railroad Bonds, Ist mortg. at’ 91, 94 Ties Central ‘at Th; Michigan’ Gentral 8's" staring 10) ral at ; ‘s Bi bonds at 103. HERMAN COX AND CO.’S REPORT, Liverroot, Oct. 12, 1855. ‘The advance in the rate of interest by the Bank of Jond on the 4th inst., to 636 per cent, together with the anticipation of a farther rise yesterday, had a very unfa. vorable influence on our market throughont the week. The amount of cotton offered and prossed for sale seemed greater than ever, and, in many cases, the best offers ob- tainable were apenas: buyers reap ently, had an advantage of fully 34d. on most ecriptlons (and particularly poor stapled) American cotton. Sea alana, razil and Kgyptian, bave participa the decline, and must be noted 140. to 3d, lower. Surats continued in fair request at Jd. decline. To-day there is » fair de- mand from the rade, with @ little more regalarity ia rice, fal s Pisince the 1th September, when middling upland was quoted at 64d., our market has declined 3d. per Ib., Ss ol ‘Bou; witives eee to any foceene in Lae ig either rom spinners or speculators; nor can it be expected, Hy exists as to the future course while so much fecha rani of the money market. Manchester, continued un- steadiness and irregularity prevailed. Bayers 0) a eee , at a considerable decline from last week. ‘The allied fleets have appeared in force betore Odessa, but no intelligence is to hand announcing the bombard- ment. Nothirg new from the Crimea, Contrary to general expectation, the directors of the Pank of England passed over yesterday without in- creasing their rate of discount to 6 per cent. Unless, however, the efiiux of bullion is arrested, we shall proba- Dy see the expected advance made next ‘Thursday. Con- sols declined yesterday to £644, but close te-day Tiss, x A. DENNISTOUN AND CO.'6 CIRCULAR. Liverroot, Oct. 12, 1855. ‘The general state of the money market has far from rearsuring during the present week. There hat been, for the first time, some scarcity of inoney expe rienced in London, and the demand has been some extent this has no doubt been occasioned by the ap- prehensions which have g-nerally prevailed, of « further advance in the rate of discount. Bank directors ap- pear to have thus argued; for, notwithstanding # very great demand on them, they yesterday, after a longthen- ed sitting, adjourned without any action. At length gold ceases, we are glad to say, to find buyers in the open market, and much of what is now arriving hag to be sent to the Bank. Tiade in all its branches has now in to feel the effect of this great pressure, and, though the ordeal is @ severe one, we fear that a great contraction in every partment is the only safeguard for the mercantile com- munity in the trying times which are before ft. The Manchester market continues ver; i. for goods euited to the Indian market, t there now no short time, and as cotton falls in price, we sup- poate elie no more of resort being had to that expedient. Z ‘oneola, which were yesterday as low as 861, have ad- vanced to-day to 88, closing at 875g. The lapeore in ice 89 On the Ist inst. the electric telegraph between Ferrara and Reme was opened to the public. We read in the Homan Journal of the 2d inst.:— Considering the deficiency of the Father has prohibited for another year— September, 1856—the exportation of prapes, must, com- mon wines and vinegar, as also eru " nister of Finance is charged with the execution of the present decree. G. CARDINAL ANTONELLI, Rome, Sept. 26. Secretary of State, (From the St. Louis Republican, Oct. 24.) Letters have been received in this city from Fort Lara- mie aslate as tho 19th September. contain some news of interest, and altogether present the condition of things in that quarter ss of a belligerent character, Capt. A. P, Howe, 4th Artillery, was about being tried by a military court, of which Col. Hoffman was i- dent, charged with disobedionce of oréers, failed at the battle of Blue Water to in teaeog ot his company Gen. Harney arrived at Fort Laramie on the 17th. The Sioux Indians, it is said, have commenced war in earnest. The; ny i after — dismounted to on Cooke was deprived of the « the fight. wn ponies) animals stolen ‘The same Indians attacked some express Fort Pierre; they raved themeelves and their mail being on fleet horses, but they lost all the led horses. —_«) Again—soys the letter—the Sioux Indians last stole cight mules from some ple en route to States, encamped near this fort. Tine ball ts now opened, and ve may bave, and doubtless will hava, work ahead gee ed ree py are bed ey in large numbers, an ve sent messages to’ me on with his young men—that Fe Bago) teady, and wanted bis horses—that he had not come further into their country or he would ery.’” Wharton is at Fort Grattan, at Ash Hollow, but goer to Fort Kearney. The chances for a fight are good, but in my opinicn the Indians will ran. . ‘Two fortsare to be established between Laramie and {praise for his admirabie de- Fort Pierre. Col. Cooke deserves cision ond quickness in the battle of Blue Water, It is feared the command will lose all the di winter—ihey are now w. The ponies are ad- mitably, and stand tis seekag well. Capt. fev has retw . He had no fight. At the time he was through the country the Indians had not been af by Gen, Harner, nor bad they heard ofthe fight, This war will not ena in a day, andI predict that more troops must be sent out. Gen. Harney has troops to whip the Indians whenever he meeta them, but a ere nad SS = and ‘apt. to go n. Harney in the Vattallon ofthe 6th, Col. Hoffman’s health is sucl a8 not to permit him to go on the All the officers are well. i i ‘Woman's Rronts.—An Eq Py i) custo es ‘ving et at indy equestrians, is of ‘ate origin, Ka bert deys. Tt bes now become mol ordinary borse racing, and is doing much to create mas- culine babits in women. Ata late fair in Westmoreland county, fhe contest was between Mias Matilde F. Pichings and Mrs. Bartholomew, and after a exbioition ot themselves as jockeys, Misa P. first prize, bracelets; and. irs. B. ‘the second, ear-rings. Whereugon Mrs. B. publishes in ail thé papers the follow- — URSTRIAN CHALLENGE. fairs to we trust has seen than A (MALLENGE, Oct. 12, 6 }. 12, 1855, Mrs. B. of hake challenges Mien’ to here either here or in Pittehurg, at the coming can beat you riding {n or out of saddle, where fair is given, and no partiality we You are requested to ty t train your berse and br! If the above ition Ferg pet ahgehed seitiesiton’ bod Cogs.” mA ° ’ e. J. BARTHOLOMEW, If this female jockey bas no husband, to provide do- etle occupation for her, we hope she may soon A locomotive om the Michigan Central Rallroed ex- jloded at Detrolt, on the inst., killing two Damed Jacob Fleming and Robert Ashiy., bi