The New York Herald Newspaper, November 4, 1857, Page 2

NEW YORK HERALD, WEDNESDAY, NOVEMBER 4, 1857. IMPORTANT FROM EUROPE. Arriva’ of the Arago with Four Days | Later News. | $220,000 IN SPECIE ON BOARD. The Effect of the American Panic in London and Paris. ANOTHER ADVANCE IN THE RATE OF INTEREST | The Bank of England to 8 per cent and the Bank of Franee to 71-2. but ona re ed to make up the defic whe ry, the most fertile am pe tion, Ue discase hag destroyed, in an incredibly short time, the bulk of the erop in some places. It is reported from Paris, but needs confirmation, that in consequence of a recent convention, the Russian naval force in the Chinese waters, which has been latel creased, will in future combine its operations with those of the English and French squadrons Advices from the frontiers of Asia, in Paris, announce port certain to r that General Jacob, who commands the English troops | which were charged with watching Herat, liad evacuated | Afghanistan, and had arrived at Moultan, in the Punjab, | on the 17th August Sir Colin Campbell had left Calentta op the 2d September for Allahabad, where he proposed to establish his head- quarters. Several German journals have spoken of the approach- ing meeting of a Congreas in Paris to regulate some great | Puropean questions. The fact is not so, A conference is | to be held of delegates doputed by the Congress which the money market of New York for some time to come is | certain, but that must Bo much restricted—tirat, by the st amount of Amerieag secur tee already held here, 1, by the gener a’'ance already due to Again, itis probable that much of the relict ted Will be given rather by allowing the gold | remittanecs from California wi ich would otherwise have | come to this country t remain for atime in the United | States, than by any extensive « irect shipments from here. | country | that ts ‘gram ‘The whole amoutt’ of bullion which will be shipped tn the pre hi week will very little execed ,000, and that been sent chictly Co strengthen the reserve of digferemt uks rather than with a view to any profit that can be derived from it as ap exchange speculation. During the present year the shipments to the United States have been upon a Very large seale—at the rate of at least £23,000,000 | fer thy ‘That 4 diminution will for rome time to | come take place in the trade is more than probable, and | 8 perhaps, desirable, but that with sueh a bountiful bar | vest, and so great a demand for cotton ata high tye | the United States will soon be able to adjust all ourci a there can be no doubt. Lastly, with regard to the Continent, the chief difficulty consists fn the large undertakings which have commenced and are still in progress. ‘Trade generally is Tous, and sound. Production is greatand increasing on all hands. ‘The whole population are rapidly improving in fom and the command both of the comforts and necessaries Danks still stood at £2,280,000, which is be- yond its average amount, and more than £500,000 last y periou ‘ear, while their note circulation was less than at t time. ‘The Californian arrivals of about 260,000, is each fortnight would also be retained, and in less a week ‘Vanderbilt would be due from Hayre with, it was believed ard pounds, 10 be followed ’ shortly by the 820,000 pounds lately despatched from London and Liverpool. Against these prospects the only alarming point is the possibility of the run upon the bauks for hoarding purposes, which bad already assumed diss grecable proportions, becoming altogether ungovern ible. Meanwhile, as regards our own position, in all those Dranches of trade not connected with America there | je a total freedom from uneasiness, The cire 1m. stance merely of an advance in the rate of discount to 8 per cent for a few weeks, to meet a tempora: ry evil in which all other nations participate, can inspire ho dread on the part of any solvent house, ‘The differen7e between that and § per cent, even for two months, would amount only to an extra 10s. per cent on all the ac- commodation they might require; and if their capltal an’ current profits are’ inadequate | for such a contingency they can scarcely be considered fit to be in business at all on their own account. Of course, these are cases where, owing to heavy contracts having been entered into, or other similar causes, tho effect pressure is chicfy sustained. The state of affairs in America is getting fom bad to worse; and, notwith standing the worthy efforts of ‘the mereantile ‘community, in conjunction with the banks, both of which interests exbibit an amount of self-imposed sacrifice truly astonishing and itis much to be feared they | may finally have to succumb to a strangely sudden pres sure. Already the list of bank and mercantile us| sions are most numerous, numbering, from first to between two hundred and three hundred, some of which | have relations with England and the rest of Europe. The lamentable state of financial affairs in India need not be minutely deseribed—they are too well known, and their eflects too manifest. On the Continent the state of mone- tary affairs is likewise unfortunately very much disturb ‘ed, rates of discount varying from five to ten per cent, with a very heavy depreciation in securities. At home we haye not only to contend with the direct action of all these evil influences, but a sudden and increasing dearth and demand for money, those who have it refusing to Jend, and those who want it having to pay enormous rates for ts use, the Bank of England, with a rapidly declining exchequer, having to meet an increasing pressure, Yet with all this, we find it udmitted on all hands that the trade ‘of the country is sounder and healthier than it. ever has been, and such we also consider and declare it to be. Then why all this uneasiness which pervades the whole commercial fabric of the country? of the Bank of England to | RR | QUOTATIONS OF AMERICAN RAILWAYS. (From the London Times, Oct. 21.) Closing | Busin-as prices. dons. Railways. Winois Central 6 per cent, 1875...]75 4a 80 Do. T percent, 1875 75 a 80 65 Do. do. Free Land, KOA 90 Do, $100 shares $40 paid Ta 6 dis, ‘Sie dae. Mich. Cen. 8 per cent con., 76a 80 Lo. do, 1868,....... 76a 80 Do. do. 1869, (sterling)..../90 a 100 To. $100 shares..........5.+.- {40a Mich. Fouth. and North Ta. (sink~ ing fund) 7 per cent, 1885,,....]65.a 60 x, «| Do. $100 shares. loa 20 a New York Central, 6 per ct. (sink- Oa 16x. c.) ne 164. ids, con., : Penneylvania’ Centr » Lat! mortgage, con., 6 per cent...... (ess 86 86a 88 STATS OF TRADE IN RNGLAND. ‘The answer is, the inabilit mot in Paris, but the object of the conference is solely to is | may be peculiarly severe, but these are altogether excep- Do. 2d mort.,'6 per cent (sig.). in | tional. Asa general rule, there ought among @ sound mor- life. Perhaps the general improvement of the preele terminate the question of the Priucipalides as soon as the than not more remarkable in any part of the worl inect the pressure arisin, mm outward disturbances and INTERESTIN AUSTRALIA. inect the presente Tand imaginary. Why is. it unnble to SLIGHT DECLINE IN CONSOLS, CORN AND COTTON, | . | , . 7 whic y Ov e and to-day will be received throughout the country, as Worably upon the South as = * | Maia. Toaiones the mE Me, Lana mnie ot ebigatiohs, and’ which can onty be releved by time Ane | meat Shen i dhe. metropolis, without tbo aightest we | €5 and, im afew words, forees the bank to.a series of 'jrun trade during the prevent week; but, although, trang, | 120 Procaptty, Oct. 17, 1857. has now lasted a considerable time—the commercial com- | cation of confusion or alarm. most restrictive measures, inflictipg ruin upon the entire actions have been limited, prices have remained firm a | My Drak Mackay—I am off for India next week. MY | munity has been severely tested, and has given ‘The funds opened this morning at a decline of a half por | body of traders in order (0 keep itself in a state of perfect Jast quarter day quotations. | The absence of all specula, ‘The United States mail steamship Arago, Captain Lines, | ohjeci—to visit ihe seat of the rebellion, to form my own ‘4 T i cent, in consequence of the impression that the American | Solvency. At this present moment, when the re tion rendered the market firm, while the improved ‘arrived from Southampton yesterday morning with the | views upon its cause and results. Ihave been too long iN ce : — vices would increase the drain of specie, and the specu- is pr oo wm 4 ‘advices from Burope to the | ‘dle, and want again work, and try to be useful, I trust pi ai hy atau ae ay has roca wore disposed to procs sales. ‘Most srthe applauding its powers of meeting the pressure by inflict- in a great degree compensated for the fi off in Ameni- French and English inails, and pe | thi yg past. wiburg: cS ly sh eit _ | that my journey may enable me to do some good. T wish | risen to 9 per cent; the Bank of France, acting undor its | brokers, however, were still buyers on behalf of the pub- ing injury on all around, it {s a fact that many show their can requirements which has been observable during the 21st of October | Thad soine pleasant, intelligent man, hike yourself, a8 a | new power, has advanced its rate for Ue first time above | lic and ‘w recovery took place until about 24; in the af. | fear of threatened And anticipated danger, by placing jast few months. South Staffordshire has as yet sul The Arago brings 008 passengers, $239,887 in specie, | Companion, “I hope to be back by the end of May or carly | the old legal rate of 6 per cent toGis per cent, and will | terncon, when the rcsolution of the bank was | their meney_ on the Stock Exchange for security Little from the late failures, and sanguine hopes are enter 5 merchandise. e following | in June. Six months’ hard work will enable me to see | 4 , Y ee 4 eo Stock Exchan; ‘and a fall oc- | rather than™lend it to the bank and discount tained with respect tothe future. season is, however, and 260 tons merchandise. The ng is the : k probably in a few days follow the Bank of England to the | notified’ in the | Stoc ge, ‘ and do mueb, If any constituency will do me the honor | fiiye rate. That the bank returns will be worse for ono | curred to an cighth below the opening prices, from which | brokers wherewith to meet the demands for money " too far advanced to expect any great increase in 1 he tres Si SPECIE LIST, special Commissioners shall have forwarded their report, The London Times of October 17 saye:—We have been favored with the following letter, addressed to Mr. T. M. of returning me during my absence I shal! be happy to France and some parts of Germany. the basis of trade, production and consumption, seems progressing by steady and rapid strides. But the capital- ists everywhere are leas or more embarrassed by heavy of great stability and security, That the rate cor two weeks to come is, fur the reasons we have named, All that constitatos | cantile ecmmunity to be no terrors in per cent, oF any other cate of discount, supposing it not to have mn OC+ casioned by a reckless Course of national emfravagance; and bence there is reason to believe that the announce- there.was no recovery. The first transactions in congols meet this drain? We answer, because the Bank Charter act of 1844, like everything elke framed by @ finite intel. | lect, is arbitrary—regulates, and, more unfortunately still, forcibly diminishes the note circulation of the coun. and advocates of the Bank Charter act of 1844are most that ng to increase as the bank rate goes higher, So much for their consistency and real reliance uy the | MaNcunsen, Oct. 17, 186%, ‘The state of the moncy market and the unfat commercial intelli co received from the United States have operated ‘Staffordshire demand for manufactured iron for home consumption bas trade with the United Statos during the present it can only be hoped for at the commencement of the ea- F. Behrend & Co ¥ 500 | serve them. Youre, since! A.W. LAYARD. ‘ i “ z Ske | * A . | probable, and that the directors, following the same salu: | were at $83 to 8S2;, whence they rapidly advanced to ete f ‘A misunderstanding has arisen between Turkey aud | fry Tulle which they: have Yor the lat few years, | B63. they tuen went to 68 to OhiZ, which ‘was he last | powers of the bank: to stein the present tide of nancial’) guing year. J. J. Merrian-........... a respecting certain frontier forts, and the Porte is | ™8Y find it needful even further to raise the rate of dis- } official quotation, ‘and after regular hours there were | derangement. If it is not intended that the vitality ofthe | There has been little change in the position of the vart- { ¥. Bishoy oa i ba count, is not unlikely; but if they find it needful to do so, | sellers at 88. For the 10th of November the final price mercantile stability of the country shall be utterly de- | ous manufacturing trades of the town and neighborhood. Walletetain & Koust tosend an Envoy Extraordinary to Tehran with | {cn those most affected will be Feconeiled to the present | was 884, to &8%. Bank stock loft off at 212 to 21334; | stroyed, we must have either some modification in the | Generally they may be said to be quict, but some few of AC oan <e powers which will enable him to settle the matter bree’ | inconvenience in the conviction that it is the only means | 874; to 8734; India stock, 207 to 209; India bonds, 30s. to bank charter or a totally different system of the currency; | them are busy. brass foundors, now the price of Gen. Di Z | manu of preventing an excessive abstraction of bullion, and | 208, discount; and exchequer Dilla, 9s. to Ss. discount. for so long as the inordinate drain upon the bank continues, | metal is somewhat steadier than for months past, are faér- : ‘Money was abundant in the Stock Exchange at the com- | nd its power to meet it is 0 weak, the rate of discount | ly off for orders; and several have considerable work im E igeak etchepaler | The American ship Richard Anderson, from Rotterdam | ¢fuct that may be expected upon the home trade wili be | mencement of business, and loans on government securi- | must go up higher. Band for exportation. Copper coinage for the French gov- . en oe | for Baltimore, with general cargo, was abandoned at | an increase of that caution and. reserve which such a | ties were obtainable at § per cent. Ultimately the charge | day for money at 7, and afterwards at 8 per cent, and the | ernment is extremely active. < aoe {foo | sca on the 29th of September, waterlogged and disabled; | state of the money market ought not to fail on all hands | was 534 to 6. At the bank, in the course of the morning, applications at the bank haye been very bumerous. There | The factors describe the country trade as comparativ Horbeck OS sane | the . A scaw SEER AEE had arrived au | © Produce. thero was a very active pressure, many persons antici. | is ample employment for all the supply in the market. In | slack, but an average of orders are received from trav i apres. Liber Base baadeay Mages delltl © Meader Lamac! ave Sy {From tho London Times, (City Article) Oct. 19.] pating that the New York intelligence would be followed | another direction, however, there is « superabundauce of | ers upon their autumn journeys. The commencement of Foy od vagnadee 1Wibep | Southampton, The name of the second mate, who was ‘Tile revival of confidence in the stock and money mar- | by aspeedy advance of the rate. The supply thus ob- | Capital. On the Stock Exchange it abounds; there is, in | the last quarter is usually dull. ‘The summer trade has rig <a 11000 | drowned, was John Aldridge. kets continues, although great sensitiveness is stili ob- | tained seemed to be beyond any actual requirements, and | fact. @ perfect glut, and it is placed there for security. | closed, and the requirements for winter stocks are only Sebultz. oy ee = er had servablo. Consols for monoy, which left off yesterday at | at the end of the day the balances inthe hands of the | This necessarily betokens an uneasy feeling on the part of | just coming into the market. The articles of irot Order 2,100 | The Arts Treasures Exhibition at Manchester had closed | si/ to 5, opened steadily at 883 to 4, and, in conse- | banks and discount houses were large. capitalists. The joint stock banks have raised the rate of | ‘and general*hardware most in request are for domestic use; | on the 17th, and the Zimes says with a financial profit. quence of some purchases by persons who have recently “About £80,000 of the gold by the Royal Charter wag sold | interest allowed ‘for deposits to 7 per cent; the discount | and the orders for lamps, candlesticks, &c., are upon the Total nice, signed by the King of Prussia, was | been operating for a fall, coupled with numerous further | tothe bank to-day. Itis sai a larger proportion would , Companies allow 74; per cent, and the discount brokers | increase. The heavy steel toy trade is inactive, in conse- Amongst her passengers are Mr. Belmont e Charge d’ Affaires to the Hague; Ch and family, Consul General from Austrin Lorenzo Starr F. Losey, Esq Mrs. Col. Fre: Esq., Bearer of mont, child and servant J would be necessary j = é Nc . sspatches from London; the Very Rev. . Mainhaut, of | 7 to %, Which was the last quotation. For the 10th of No- | ance to 7 per cent for money at call, and for deposits | of one per cent in the rate of discount. It was only on | more expecially those eu, : ect ie. gen cage Very Sa eon arte closing price was 887% to 89. During the | with short notice, being an favanceof one percent. "The | Thursday week that the rate was advanced from 633 to 6 | for ship! ullding. ‘The aay pt pal cite tae ies New Orleans; Rev. Dr. € y OF Tew Tork; Capt. THE EUROPEAN MONEY MARKETS, morning the government broker bought 10,0001. Reduced | National Diseount Company have notified that their terms | per cent: last Monday it was fixed at 7 per cent; and now | heavy contracts fortgas, canal and water works companies Chas. J. Coffin, and the first officer of the American ship S EL aund 10,0001, Exchequer bills for national accounts. Bank | are respectively 74; and 73; percent, The rate of the | it has been further’raised to 8 per cent, thus making @ | give abundant employment to @ large portion of the Richard Anderson, foundered at sea. other 4a i Rates of Int stock left off at 211 to 212; India stock, 206 to 209; and | joint stock banks for deposits will be 7 per cent. total advance of no less than 24, percent within the short | population. Another Advance in the Rates of Interest— | jhijin ponds, 30s, to 20s. discount, und Exchequer bilis 88. | > Foreign stocks have been heavy, and nearly all the | space of ten days. Such a rapid movement ix without | "The thirteen days’ sale of tho tools and stores at the which left New York on the 8d of October, did not arrive at Cowes till the morning of the 18th, having hada very stormy passage. The Canada, which left Halifax on the Sth, arrived at Liverpool the same day as the Ariel ‘The commercial news from this side the Atiantic, re ceived by these steamers, had an unfavorable effect on the English Stock Exchange on the 19th The Bank of Fngland raised its rate of discount from 7 per cent ‘The steamship Ar berciie ie <i anes 2 i oi nS 3 id - fos H tine super Cees one and © Gearee oe GFf. 2c. for the end of the month, showing © recovery of | throughout the remainder of the year the amount of our | £50,000 in sovereigns for jmmedia@iransma shou, and by | ever, it is hoped, will be but temporary, and in a short we 3 a er | Gvents have scarcely justified. No doubt there were | Dearly @ quarter per ceil. | At Vienna and Amsterdam, | exports will be considerably reduced by the cessation of | 5 breseing ¢ lemand for specie for eport to the continent. | time it is highly probable that business will resume its can news some aportant circonastahoes’ calcalated $0 influence | #90, the markets bave been slightly kes weak... | the American demand. Of course, the various houses on | Tit Jem an a eal Charter | healthy tone; in the meantine manufacturers are acting The hip Ma, na arrived at Southampton, Eng- | their decision in that direction, and knowing, as the pub: aburg: unt ha: Mg is side desire to say ttle as possible of their losses, ry ads yal Chat le | with great caution. The state of the money market ales ‘but hitherio the actual mischief seems not to have been ¢ American letters are exceedingly gloomy. The | creates some difficulty. Silk is firm, at high’prices; yarns land over, with mails and treasure from ee -- T ‘eet India mail steamer Magdalena today has | of dangerous extent, the steady coudnet of our principal | e dear as last wi the W amd South Pacific const. Ble bad on | “cunt at tt Sill mareat velit aed oo Drover eomarien tm | 190,000. of which 76,0002 fs goldand theremain- | firme having kept them ja'&. position to meet any tempo. | ifections; numerous additional suspensions are reported ory itaieey the seine vant o¢ deciand extite, whhiool aay froight:— | course adopted by the bank, though somewhat abrupt, | r ‘onvenience. At Manchester, the failures, although | in different parts of the country of banking and commer. | reasonable hope of speedy improvement. The same perdi ured. "The demand for advances and dia. | ., Tee Avon and Heatherbell sailed from Melbourne on ns, have been entirely limited to secondary estab- | Cit! houses which have hitherto enjoyed good credit; and ' causes which are operating against the lace trade are im Specie and gold dust received across the Isthmus ta throughout Saturday, had been very. great, | the 10th of August for Engla 51,000.02. | lishments, and ‘he large suspensions at Glasgow-are be. | it Was considered that the worst was not over . Most urgent | the same measure detrimental to the hosiery trade. from the ports. errr unts throughout Saturday had been very great. | of cold and the latter with 20,000 oz. Fe now 68 | lieved chietly to have comprised houses long notorious for | Tequisitins are made for gold from this side against | There is no alteration in the price of hosiery, silk er Specie from Havana sae tet Do. from other parts of the Weat Indies Total value in doll: f which $469 6 silver, and $391,953 in gold. pina, value #3 Or £172,028 sterling 7,061; precious | reserve of notes of £582,000, while the private advances sonal wre sbieelbaipieainies pbs ghdstend . pgs ote ‘The precise amount of specie to be taken out on the 20th | hoped that these instances of immunity will continue, and | 4 the rate of £500,000 per month until the crisis is over; till below ai age, but gave promi 4 i Majies., ‘saline $6410, mus come caeinet- | asl neces Bi eee SG, © ia tae, anes Ce ie Peuineutar and Oriental steamer Indus is T787682., | there is lide coubt thit the aggregate of debis due to Eny- | ad this is considered a very moderate estimate. ee ore eee eee ing of 33 of cochinea, ke Revered gentle gto ada pigeon we 000 | of which 712.0841. is for India, 62,7542. for China and thé | land from failed houses in New York, Boston, Philadelphia [From the London Times (City Article), Oct. 21.) ‘The caution which has for so many years characterised ‘The Bank of France had raised its rate of discount from | jug JaTBCy sae ee et esc actual facts, there waa | Sails and 3.6201. for Aden. The greater partion of this | and Baltimore is enormous, from the raanner in | The quotation of gold at Paris 1s about five per mille | the Leeds trade, and which has preserved it from em- 645 to 74; per cont | dhe naturat valension Gu:4ethe @ ‘uenoes of the | SUH is silver, the gold being about 38, » principally | which they are spread, and the stability of those upon | premium, and the short exchange on London ix 25.2214 | barrassment on more than one occasion, was never more spp pense for India. whom they have fallen. the public la a majority of cases | £1 sterling. On comparing these rates with the Fng- | marked than at the present time. There is nothing like ‘The tatest quotations of Consols on the 20th, in London were 88%; a 885, bank stoc 0 214; reduced, 87 8 “ The rate of discount at Hamburg had advanced to 9! per cent pected at Berlin, provisionally delegating the real powers to the Prince of Prussia. This would avoid a | formal regency, to which the consent of the two Chambers 3 | the state of the exchanges seemed to indicate | to the prompt action of the bank for that fact. never be lost sight of, that it depends entirely upon the | Increase to 7 1-2 per cent in Paris, § In Lon= don and 9 1-2 in Hamburg. {Fram the London Keonomist, Oct. 17.) The condition of the money market on Monday can | only be described as one of “panic,” caused by the sud- | den rise in the bank rate of discount on the opening of the business of the week of one per cent—for, however well prepared the public were for a further advance, yet the fact of its taking place so suddenly and at so unusual a he now do, the im: f maintaining the rate of dis- tance | prompted, no doubt ssion that a furthe The accounts of the to-day, a returns 3 lion of £653,000, and in the ther decline in the b | pews from the United States, and the great probability of considerable if not extensive shipments of gold, which If these shipments haye been smaller than was at one time ex pected, there ean be no doubt that we are in part indebted The preasure on the money market at Hamburg be- | terms upou which bills can be converted into gold, or, im came more stringent when the telegraph conveyed the intelligence of the Bank of England having made a fur | tals can at any given rate of exchange be exported toa | | as bullion is withdrawn from the country is denny ab- | other words, discounted, whetber or not the precious me- profit. Still it was not the simple fact that the rate of dis ther advance in its rate of discount, and it was found | count was increased to seven per cent that brought con impoasible to obtain cash on lower terms than 8 per cent for the most unohjectiouable paper At Bremen the tightuess had been, if possible, more severe. There was a'marked improv on the 17th ult The consequences of an abundant harvest were being | onetary condition, there is certainly nothing to justify felt throughout France, the prices of bread having fallen | Movetary condition, there is. ee ladelphia and Baltimoro banks, angeven in that of the | a beavy drain of specie, It is this very contingency which , ¢ Lust official transactions being at $82 to 4 | market at the prices offered. fn mow districts to the ordinary prices in plentiful years. | on Cie es ee ree eae Nome at ges nay New York and Boston establishment@ralthough the latter | has induced them to fo ‘out & poliey 80 ‘restric- . and 885, for the 10th g:3 Noveusee - Braproun, Oct. 17, 1867. ‘The diapeiaten of isda. Wins, IeMa ts GE ae 1, ehickinaper eee eee eee tin noe have thus far escaped from final disaster, a perfect illus- | tive, the demand having been greatly’ augmented. | After regular hours "the disposition to firmness was | | The prominent feature of our market this wook bins deem ’ } ble ith ound end even with profitable busi. | ‘ration of t neuficiency of the mere theory of converti- | The letters yesterday were even more discouraging | maintained, and the quotation for the account was | an entire absence of activity. The state of things in the Glasgow, and Hamilton, Canada, was announced on the | ee ee aie Vall in the bank stands at £10,110,000, | Dility te secure the advantages claimed for ii, The note | than these previously received, and the fact that | S84 to &%.| In the carly part of the day the rate for | East and in the West, the stringency in the money English Sock Exchange, but it was stated that the assets 1 lat It Was as low as £9,086,000;and the | Circulation of all these banks was payable on demand to aquivations were mado for the withdrawal | joans on government securities was 6 per cent, | market, andthe mercantile failures that have receatly ‘ bearer A foreign drain had been goingon for some | of a large amount of sovereigns caused the Court | but in the afternoon large sums were obtainable with ease | occurred, bave each had a share in producing this unusual show « considerable surplus. ‘The receipts of the Paris and Orleans Railway Company notion will take place their notes were being sent in for gold they perseveringly | change in euch an unfavorable condition, and the alarm | ratively moderate, and im the discount market choice | tions and acting with the utmost caution, pend. for the week ending the 7th ul A to 1,286,158f. 15¢ ve-issued them ip the shape of discounts Or advances on | produced by the continuous expansion of disaster, itis paper wae negotiated slightly below the bank minimum | ing the results of those political and commercial being a dectease of 35.4041. 68c., as compared wit! bonds and stocks. Of course, the dogma that with @ | rather surprising that the shipments bave not beenona | of 8 per cent. Bank stock left off at 212 to 214; India | crises, and hence the business of the week at ’ and other shipments | Convertible currency it ts impomible to malmain an ensive scale than those announced by the Persia. | stock, 207 to 210; and India bonds, 30s. to 20s. dis- | has been reduced to an exceedingly small amount. For epg, secnrmndinlp Pages edt ll are known to be nearly eed, # will be seen upon isene proved true, but the demonstration was not | The steamers on Wednesday and Saturday next will pro. | count. The increase in the bank rate has led to some sales | wools there has been a very limited demand—so limited Ast of January to the per amount to 44,510,546 | examination that large « ee eee ne ies | attained until too late. In proportion as they persisted | bably take out large amounts, and, indecd, it is said that | of Exchequer bills, and the price has receded to 1s. to 10s. | that it is difeult to quote prices; bat on the last market To, being an increas S5e. as compared with | place duriag the months yvember and December. But | * ming trom a contraction of their circulation, | provision has been made for about £600,000. But if this | discount. day, in cases where there was any desire a cs re pots | our future prospeeta pre depend much more upoa # fall in prices that would have checked | American drain were the sole alarming featare, less ap- | The Bank of France have today raised their rate of dis- holders had to make some abatement in the Inte Ing per the year 1456. aber countries thas upon this; if we had the con. of foreign goods, that circulation came | prehension would be excited than that which at preseut | coun from 6), per cent. at which it was fixed on the 13th | rates. In noils and brokes also were a little lower, ¢ returns railways in the United Kingdom | gition wn trade and finance to look to, the future em with increased rapidity, and it was not | exisis. The remittances to the East continue on an exten- | inst.,to 7%; percent. Although a rate so high bas not pre- | with not much business doing. ners have not beem Published for the week ending Oct. 10, amounted to | would be less embar d will ity. Butso , y found their stock of specie becoming exhausted | sive sewle, and, iu addition, the high rates of money on | viously been experienced in France, the limit until the | in the best position for some time past owing to the high £404,306, and for the dine + of int | closely united now ari mone sofallthe | tut they resorted to measures of self-preservation, The | the Continent, which cannot but be attended with serious | recent ‘modification of the charter of the bank having been | prices of the raw material and the inadequate prices of " and for the corresponding week of 1856 to | CUeuls Wane Mem ountries in the world, that whatever | Work of contraction then fell upon the public with asud- | consequences, must prejudicially affect trade aud embar- | 6 per cent, the movement docs not appear to have created | Yarny, and they now abstain from purchasing almost alto- £490,676, showing an increase of £13,690. The gross re | agects one, less or more affects the whole. Looking only den shock, Alarm bee universal, Houses that in | rass our future progress. Symptoms of collapse in Ger- | any additional nveasiness on the Bourse, ether, in the that by greatly diminishing ceipts of the eight railways having their termini in the | to the t antry, the great extent of our ex nee of Warning of Any approaching restriction of ac- | many have been exhibited, which would entail dis- | — The foreign stock market has been quiet, with a ten. | tion they will ultimately be able to buy wools on more weatrenetia. saneideaed tor he Wek ace | v There than £190,000,000 in the | Commodation had relied” upon obtining the usnalad- | tress if they wore to spread; and since tho | dency to advance, In Turkish there was a recovery of | val ous terme, The transactions in worsted yarns opolis, he Wee ng as above to Wwoll founded | Yences, went down one after another, heavily indebtto | vinsafo foundation raised by the speculative ten. | about ly percent. A transaction was marked in we bave been exceedingly few, and where sales to any ex- ment on ‘Change at Vienna | }¥ sols down to 86%. About a year ago the minimam rate ‘of discount was the same, the bullion in the bank was con siderably less, as Was also the reserve while Consols stood at 92. That the depression of Monday was caused mainly by panic fs best shown by the rapid recovery of the funds | since; the price at which they left off yesterday being , or fully two per cent above the lowest price of Mom \ day Looking to all the best and acknowledged test of our is £4,024,000, while in April it was It must | further and more severe pressure at home, The’ only investments on the part of the public, an uninterrupted advance took place to 8914. Towards the afternoon, how- ever, a change of tone was produced by a sale of more than 250,000. Consols, partly for delivery on Tuesday, and partly for the account, and a reaction occurred to88 1g to 4s, discount. In the Stock Fxchange to-day money was obtainable for short periods on government securities at 54¢ per cent ‘At the bank and in the discount market, although full rates were freely paid, there was nothing’ unsatisfactory in the character of the demand. In the foreign stockmarket the principal movements were in Turkish, which advanced during the day, butafter efficial hours closed heavily, Mexican were negotiated for the acconnt at 19% and 34 ‘The final prices of the Preuch threa per cents on the Paris bourse this evening were 67f. Se. for money, and # out. sion has been announced of Messrs. Whan, MeLean & Co., of Glasgow, and of Hamilton, Canad The Glasgow papers mention the resignation of the manager of the Western Pank of Scotland. In the thick of its evils there will be Little profit in moral- izing on the American panic. One piee instruction, however, should be noticed while it is fresh. ~ from the incurables of the Birmingham school, there long been a set of currency theorists who, while recognizing the doctrine of convertability , have opposed the Bank Char. ter act on the ground that where this doctrine is enforced no restrictions are necessary to guard against redundant | Jaw for « contraction of the note circulation in | surd, since the public, who are the best judges of their | own Wante, will perform that operation for themselves. | They will take, it is argued, as much bullion as they need, and this can’ be procured only by sending in notes: tor payment. The fact that it is possible for the hanks delay making provision for these | demands until the “exigency = as to cause a | Panic and a o went rush for 08 Of seudig —in the face of which no bank ‘ca curtain itself—is al- ve lost sight of. But we bave now, im the case of the time, and its rapid increase was imminent, But while the banke that had misled theta; the general eredit of issues. According to their view, the idea of yroviding by | have been tuken there if the rate of discount bad been raised at an earlier hour, but when the announcement was made the greater part had been sold for the Con- tupent. ‘The discount houses have increased their rate of allow- transactions were at a reduction. The final quotations of the French Three per cents on the Paris bourse this evening were 66f. 85c. for money, and 66f. 86c. for the end of the month, showing a decline of about three-eighths per cent. Moat probably the move. ment made by the bank on this side did not transpire be fore the close of busivess. It is assumed that the bank of France will feel compelled immediately to follow the ex- ample. ‘The trade reports from the manufacturing towns for the ast week are much les» unsatisfactory than might have eu expected. Tt must be assumed, however, that trading beyond their means, At Birmingham, it is said, no severe injury has thus far been inflicted, while from Leeds we have the remarksblo statement that £1,000 would cover all the liabilities that have yet arisen in con. ection with the New York disasters, ican searcely be will probably be spared a knowledge of them. ‘The railvay market has been infuenced by the adverse Movement in the funds, and in all the speculative de seriptions a decline of from HU. to Sl. bas taken place. Capadian and !ndian sbarer aiso receded. American securities were heavy, anda fall of 3. oc- curred in linois Central shares, {From the London Herald (city article), Oct. 20. ‘A week only has ¢! advanced the rate of di it from 7 to 8 per cent. Ne- | New York, they have now placed the minimum terms for the negotiation of first class TF at the same elevation at which it stood in October, 1847, when the bullion had descended to £8,532,000. According to the last bank re- turn, the total was £10,110,000, ani considerably lower, it has not yet fallen to the former point. The circumstances which, however, guide the directors, are no doubt well considered, and the descrip. tion furnished bj business throughout that conntry must prepare them for | | | There has been a great demand to- allow 7 per cent for money on demand, and 74 per cont wtih notice of withdrawal. {From the London Star (City Article) Oct. 20.) ‘The great event in the money market to-day has been a further advance by the Directors of the Bank of England recedent in our financial history; and it is expected to 1¢ followed by a corresponding advance upon the conti- nent ‘This decided measwre. ike the previous advance, was t Was not adopted until Tt is understood to onsideration of the anada and the Ariel, » character to stimu. Jate continued expor ‘upon a large scale to the United States. A practic! proof ofphis fact was afforded by the withdrawal to-day from t@ Bank of more than not expected, particn! after two o'clock | have been decided advices from Ne which, there can be area of mercantile disaster had extended in nearly all breadetufts and other produce, to be sipped before inter- nal navigation is closed for the winter. The Bank of Brit ish North America has, it is stated, directed its agents to send out £100,000. In some of the letters it is mentioned that the bills sent to England will cause a drain of bullion ish mint price of £3 17s. 104d. per ounce for standard gold it appears that gold is nearly 3-10ths per cent dearer in and the bank directors have | cessitated by the unfavorable nature of the advices from | Paris than in London. By advices from Hamburg the price of gold is 4254) per mark, and the short exchange on London is Ih4\ per £1 sterling. Standard gold at the English mint price is therefore at about the same price in Loudon and ure. ‘The course of exchange at New York on London for bills at €0 days sight is Variously quoted at from par up to 105 per cent, the latter being for first class paper only. ‘There is, consequently, at presentan advantage in sending gold from this country as compared with drawing bills from America. although it is now | the American advices of the state of © to determine upon the extreme measure. With the ex- | ‘The public continue to support the funds by inves largely, and there has been a recovery to-day of a | per cent. Consols for money, which left off yesterday at 4S, were first quoted 88 to 34. For some ume they re- mained with an unsettled appearance, but ultimately the erous purchases exercised a strong influence, and an Jace to 8445, which was fairly supported to at S percent. At the bank the applications were compa- | dish, but, notwithstanding the announcement of the new quence of the falling off in building operations at this sea- son of the year, The reports from the manufacturing districts of Southe | Staffordshire are, upon the whole, satisfactory. The irom foundry establishments are gefferally well employed, and London Works, Smethwick (formerly those of Fox and@ Henderson), concluded yesterday, and realized upwards of £12,000. The result is deemed satisfactory. The works themselves are gtill to be disposed of by the assignees or mortgagees, and it is hoped they will shortly be agaum | opened by a spirited proprictary. Their inactivity bas been of serious Couscquence to the neighborhood. Norrinauam, Oct. 17, 1867. The lace trade is extremely quiet, there being nothing like an average amount of business doing. In consequence | of the failures in tlie United States the confidence of owe | manufacturers is in some measure weakened. This, how- ‘yarns. Lxxpe, Oct. 17, 1857. Jn the halls this morning there was & more ‘buoyant tone manifested than on Tuesday, and there was @ dedly better business transacted. "The business, however, depression in the tone of basiness transactions, but there is the otmost care taken in al! operations, and the result: is general confidence in the soundness of the trade. For- tunately, while the monetary crisis in America is affecting many of the principal manufacturing towns inthe coun- try, .sofar, has escaped almost without loss, ® Deing stated op good authority that £1,000 will cover ‘all the habilities which have yet arisen. Thore is, however, small portion of which is duo hor ‘The continuance of Gne open weather checks operations: for the winter trade, and business during the past week has ruled dull, the transactions in the balls having to be | made at a slight reduction, In some parts of the district | the mills arerunning shorttime. The small supply of wool | whieh bas yet arrived for the next sales excites some fears | of a still further advance—a contingency which would re- sult in still further crippling manutacture, as there ia as | present great difficulty in preparing suitable goods for the | quietude. All parties are contracting their opera- tent have been effected it bas been done at lower £205,210, and for the corresponding weok of last yoar to er at any other tit | dency of the age must in tte removal affect not =<, £206,221, showing & decrease of £3,011 ber counttion to Chis the banks was thus assailed, noteholders rushed for epe- | Fronce, bot ourselves at home, preparations against ad- | loan, it showed no alteration from the previous rate. rates. Business in thig department is almost a & ing rable amount of claima, that | Cl@. not because they wanted it, but from fear that in | versity are essential. The Bank of British North America In the foreign exchanges this afternoon the rates for | stand still as regards orders. Some of the lower Advices from Lisbon continue to be of the most melan. uring. But it v may be made upon us, that fact x most a | another hour they might not get it, aud forthwith came an stepenvion. ‘This, at least, war the case apd other institutions will have to send out considerable Paris were higher than last post; the only other important alteration was a considerable advance in the cases of Vi- bombers of cotton declined @ litle choly character. Fever does not cease to carry off dozens | ig tot enough to prevent @ temporary inconvenience wouncement . supplies, while the proceeds of the policies paid on the in price, but in the rest there is no noticeable alteration. daily in the old quarters of the city; trade languishes; and | Securities common to this und other markets may find | “t Baltimore and Philadelphia, At New York and | lovt treacure by the Central America are to be forwarded | enna and Trieste. ‘The piece trade has partaken of the same dullness whieln all who could fly from the capital have tong since left for | their way here to an inconvenient amount; mercantile Beton the prnition had been rather lows unsound, and the | with immediate despatch. ‘The sudden movement of ono ‘The final quotation of the French 3 per cents on the | has prevailed in the other departments. Little or nothing bo . bth Credite will be used to their full extent, and fo n ville rities held by the banks and their general -yetem of | per cent is therefore fully accounted for, and it is notim- | Parig Bourse, this evening, was 66f, 70c. for both money | has done this week, and somewhat essier terme those villas which the traveller observes on approaching | wiii he discounted in order to aid house Au | istration were oc @ better charactor. Mut here, able that hereafter @ higher rate may yet have to be | and account, showing a decline of ouly an eighth. must have been submitted to in order to Gnd purchasers the capital, so picturesquely scattered over the hills Mee tEeeeee MAS Malt na prcbaniy ane welts woe | although the banks saved themselves, the mercantile suf’ | Frvorued to. It was remarkable to notier the absence of | ‘The Heathorbell has arrived {rom Melbourne with 19,647 | to any extent. The American houses are shold ¥onigration to America from Hamburg was going on upon | reached; for ‘every advance made by this other coun | fering © less deadly. Indecd, it may be ques. | unhealthy excitement when the alteration was announced, | ounces of gol, valued at 78,588 pounds sterling. their orders until they see what course the things Penge tries will only add to the general balance duc to ua by | Wobed Hf, owing to tho sacrifices consequent upon the pro | A change had been expected ; but ae it did not occur earl ‘About 6,000 pounds sterling of Australian wassold | are now seriously disturbing trade are likely to take. ames | foreign countries, and will the sooner insure a return of | acted struggle of the bapks, after the domestic run had | in the day it was thought the measure would be deferred. | to the bank to-day. It ts waid that about 40,000 sovercigns | Nobody ia anxious to prons sales at present, but, as ie A despatch from Bucharest says that the Wallachien | the bullion which may to some extent be shipped to sal commenced, fo prevent their own Ptoppagto at any cost to | Whon it Was in realiiy mentioned jt occasioned a fluctua. bronght by the late arrivals have also been paid in there. | generally the care, there is more firmness in the raw ma- elections had passed off as quietly as those of Moldavia =; these demands. The three points which most disturb the mers, the Private lowsrm at these places will rot | tion of rather more than a half per cent in English secu- | An impression bas prevailed in rome that the | terial than in anything else, notwithstanding the actual Tt is confirmed from Madagascar that the Queen has ¢! of capitalists at this moment are India, the € to have been the most Ineither | rities, aud tended to impart heaviness to the produce | Arago, which sailx frum Southampton for New York to- | reductian in the consumption and the prospect of = fur- ~ . “ ni RRP ns, and portion® of the Continent, and It ke conclusive. ard cn hardly | markets, Tbe contrast between the effect of the adoption | morrow, would take out about 200,000 pounds sterling in | ther reduction if the complexion of commercial affairs pelied ail the French and English residents from her do oneider in a few words how far the preva: 0 convert that section of the opponents of wur cur. | of the game rate in 1847 and 1867 was exceedingly mark. | gold. Up to this evening the total engaged to be sont was | should not speedily assume o brighter appearance. The minions, The deeree ix dated August 25. The reason are sustained by faete rency laws who profess to be guided by any tu cd. and, althongh regulated by different circumstanees, it 000 sovereigns. It is understood, however, that afur- | fact mentioned in last week's that the stocks of | "First, then, with regard to India. Tt i scarcely two | Principle. Upon the class who fancy it did hot (Ail fo attract observation. ther parcel will be despatched from London early to- | worsted yarns and goods are light, both ‘and hesigned i, that the Furopeans entertain the project of governments or banks to enable prop From the London News (City Article), Oct. 20.) | morrow morning. abroad, must materially assist to produce | months «ince Parliament was prorogued, which, indeed, H Gethroning the Queen and placing her son, Prince Rakow- | sat to a later than usual peric a partly , it was understond, | Simply promising to pay them it is Leedle It is scarcely necesvary to remark that the bank move- | "The rate of discount at Hamburg has advanced to 934 | tivity in the trade ag #oon as the several adverse infta- ton on the thron, in order to make any arrangements for the assletance of | fT! mcnt, which raises the value of money to abeight un- per cent. ences Bow at work shall appear to be departing. The French legislative body tx to be convoked for the | [dian finance that might appest needful in the present | the m: known since the autumn of 1847, has excited considerable | — Letters from Milan today announce the surpension of MANCIIMTER, Oct. 20, 1867. a nari crisis, but the result of acarefal investigation of the re- | senration in all Commercial and monetary circles. Tosay — the rew ble banking firm of Ralabio & Co., of that city. ‘The market has been exceedingly dull and — end of November, avd the il of State waa w resume | sources of the East India Company at that time was stated | ' PE hot one of theee persone tut } that the etep was woexpocted ‘would ecarcely bo corrcet, | It had in difficulties for some time. The feeling bas beeen something akin to a panic. its labors on the 20th of Ox by the highest authority to be, that no aid from the rope monotonous pertinacit, cince it has been apprebended ever since Monday last,and | — Bach day now furnishes to the financial world an ilins- | no concession would tempt buyers to operate, the dithcalty The King of Pr 4 to show symptoms of | #2 government was necded. Indeed. we we eto prove, in apy pumber of lettor the cxtremely adverse character of the American news — tration of the way in which they strive for distant facilities | being, not a question of price, but of means and a want of i health i t ymptoms Of | that time, by reference to parliamentary returns, | \at the vamentiary examinations. tbat the charge new exacted | published yesterday at once improased many persona with | and neglect thove at their door. If the Atlantic telegr: lence. If the bank bad not further ratsed discounts improving health, but would not be iu a condition to at- | Kast India Company had independent resources m this | bY the Bank of England for money ts simply the penslty | a conviction that @ rise w 8 per cent could not bo much | wore in operation what would ee SR eee = some business would have been done, aa a better (end to business for a long ime country, in the forms of cash and public secaritios, which | Of @ perverse neglect of some i fallible and #ifevdent | jooger delayed. Still the fact that the greater part of the | ‘The state of the bullion in the banks on both sides. ting than prevailed last week was gaining ground, bas The Germanic Diet was to re-assemble at Frankfort on | Would enable the directors for many mouths to come to | oe that would enable us to secure at any moment & | day passed without any announcement from the bank had | as the Rank of England, we bave the power to get | this measure has created an exceedingly uneasy feeling, the gud ge their home obligations withont drawing upoa the | “Fuficient” and never failing cupply at the agreeable rate | induced an impression that the alteration would at loast | the \aformation, and permit it to be Kept back until, prac. and no business has been dono worthy of montion either venues at all. Nothing has happened since then | % three per cent. | be deferred, for it was not until between 2 and 3 o'clock | tically, it is useless, All the calculations of our mercbanta | for home consumption or export. Buyers cannot operate A private letter from Stockbolm states that Count de to alter circumatances na they thea existed: oa | , athe railway market @ general advance took place | that the notification was made. The calmness with which | aud manufacturers should be mate with refereace to the Decause thels paper ia not diseoustable. Sellers of cloth Mateo has been definitely named to succeed the Bar vance from the Beak of England of | ‘fing the day, but after regular hours there war a re. | it has been received Contrasts most satisfactorily with the | probable movements of the money market, yet it is only | make no quotable change it their terms, but practically the Hochschild f ft ‘ bonds of the Bat India Company, is- | ®P66 in sympathy with the funds; the market, ho agitation witnoaged a few days ago, when the public mind | ufter a lapse of seven days that they become ac- | market is easier, if there was business. On domestios jochschild as Minister of Sweden in London sued exhausted borrowing power, must to | Closed Father better than yesterday. Grand Trunk of | was lesa familiarized With the real the mono- | qnainted with each return of the Punk of Eng | 1-16d. to }¢d. por yard, and on longeloths and T-clothe Mr. WJ. Fox was elected member fr Oldham, on the | that extent have strengthened their jxwition, We believe, | Canada were also higher, but in Great Westcrs uf Canada | jary movements in progré#s Srv. new mea- | land on which those movements depend. While | 1394. to 3d. would have probably been conoed- Lidh, without opposition therefore, that #0 far as the home wants of the Kast | ‘here was more ates anre of the is generally regarded nm, {9 Scon- | every effort is made to develope at any cost the | ed from the cages to effect aales, Lord Howden is said to have had a Jon India Company are concerned, they are abundantly pro. [From the London Times (city srticle), Get. 20.) | ciderable extent, precautionary end protective. From the } rystem of instantaneous ication ‘all | and there desire manifested to take orders ; “ . : mg private au- vided for by resources at thelr own command for many | The Hank of Fngland has to-day raived t rate of die- | transactions coming under their notice the directors were | regions Of the globe, ledge of the few offers, however, hare dvence of the French Emperor, at St. Cloud, at which the months to come, and without any nec of drawing | count from 7 per cent, which was adopted on Monday last, | doubtless copvinced that preparations were in progress for ] Spon which more than aayt! else our comm wes. Very pes principal topic of conversation was the present state of | UPOO the revenues of India. But the question may be | to 8 per cent. ‘mmediotrly transmitting large quantities of gold to America, | judzmente should be formed is all took by week to Of Aish. oy 10 Rpain, and the most complete accordance om thet subject | TA2tt— it Bot proteble that the government of Ind Thus step is telly in consequence of the American news. | and, Considering that the drain upon the bank continued | be withheld, although the very object of providing for neglected. emneee & ’ ated reversing the ordinary course of tr: nt, may be ob | According to the latest dates the rate of exe without intefmiseion all last week, they had no alterna. | their publication Waa that might serge as the epeedi of Messrs. Auld & Buchansn, h Fngland and France was the result ged to Craw upon the company by for the best bille, had fallen to a point which would giv tive but t adopt a fresh meastire of restriction, It is | est signals to check all imy jt action. But, objectiona- ishmenta here and in Glas- The x Queen of Oude was stated to be dangerously it] that the Indian government may resort to raising a loau in | very large profit Ithongh.owing | quite clear that up to the latest date there wore no signs | te and ridiculous as the case thus appears, it dors not ‘The liabilities are anid te At a temporary residence occupied by ber Majesty at | PneiaOd rather than im ledia? This wo think improhe | t the possibility of a su peculators on this | Whatever of a sabetdence of the panic fn the American | end here. Although the Governors and directors asa realign, it is expected, 1am. pithone d by aesty *¢ | bie. and, except in the last extremity, it cannot be dou might hesitate to undertake the operation to a | Markets. On the contrary, a te! ic despatch from a | body use efforts to prevent thore figures which they with- 1 000 to £12,000 are owing to Mam- N that it would be impolitie. The news from India heavy extent, the amount of lille tronemitiod from New | house of high standing, dated New York, the evening of | hold from the public from transpiring for the benefit of remainder chiefly in _ A Not the slightest » obtained to the Water. | last mail furnish strong arguments against the prot York, with direct orders for returns to te maie in specie, | the Sth inst., and transmitted to the steamer at Halifax, | individual peeniators, it is notorions that absolute secrecy in Manchester, owing £30,000, ia 0 Bridge mur: | of euch @ ex t taken. It is tapomsible to read | coupled with the sums bring despatched by owe capitaliats | states that bankers’ bills on London had been negotiated | ie not preserved. Even if there oould be any plea for 1 buying agency house ‘The correspondent of those accounts and not be winord that the mutiny is | forthe purchase of tecurilirs, involve the certainty of @ | at 100 per cont, and describes the stock market as exhibit | the concealment they profess to regard as desirable, payments. Pers \s Times 0 Turio, writing | rapidly drawing to a conclusion, amd that at a very early | further drain, ogaint Which the mot prompt pre | ing unmitigated heaviness, Indeed, the price of Tilinois | it would thus be away. Indeed, in proportion Co. report:— bear ge mire | time ail real apprebension of danger will be over. The | rautions were requisite. The public were aware | Central Railway shares, which was quoted iu the letters | ax they awert the nevemty for it they condemn their | Towards the clowe of last week there was a little more On Friday morning | effect of the rwccess of Britich arme in restoring order will | that the question of an advance to § per cent | from New Yord at 84, fyeported in this despatch at only | own laxity, whieh fenders it unattainable. — The | inquiry for India goods, consequent on the improved se- Pteliation, in getting onc be at once to yive confidence to the native capitalia, to restore | would depend entirely upon these advic ‘and if | 774 77% percent. So longas the exchange ix thus ox. | management of the bank during the last six of | counts from Bombay and Calcutta, bat it has been com- ran foul of the oredit of the government. and to bring out the extensive — the cted time the movement | ceptionally depressed, and the pressure tor capital in n are hee been in all exsential respects eo | pletely stopped by the further advance of the bank rates, was at anchor hoards of tnemploged capntal a! a menlerate rate to the aid | America so excessive, it is probable that non | sound “ond so honorable to the country that | and gers soem devermined to abeteta from ot parchasew of the public We cannot, therefore, attach much im ince the jnter which the monetary institutions of Europe can adep it i diengreeable to have to enlarge upon | but stich as are absolutely necessary for assortment. OF wally got off by the boats « ensions any adverse effect | erarcely wo bad ws thee wit The rate | preventihe efflux of specie from this side; the olmosttiey | the disregard of the intorests und just rights of the com i Kpanish frigate Berenguela tw exert ipo our market here, | mene reached t smal t the highrat h 0 modern | conde will be to render the movement more moderate. | mercial cotnmunity manifested on this point. Some | quotations, but, as there is more anxiety to sell than A first class French gold medal has , the United States hi times, and our only experience of it nr weeks, | tit expected that ents OF epeete to a Ia Inonth= back, when public attention was greatly aroused | was last week, prices generally are ip favor of buyers, and yas beer rred on ot to remark in . Ay panié | will be made from pool to New ¥ tet there wae. & belief that arrangements would be | where stocks begin to accumulate they are very irregular, Captain W. Power, of the Ainerican » . this country that the dificaities js w own at 80, the | # onnected with Cal | to enable the publication of the returns to take | Mesors. G. Fraser, Son & Co. — duced to 88 ' ¢ in the Garette of Tuesday instead of Saturday, or,at | There has again been an almost entire absence of bast. rendering assistance to the French mercant rely originated with, 12K pounds, | ably dexpate it they ehould bo publicly posted at the nese today in our market. Prices are unsteady, and oY nd iree eequences have been | and the reserve to 1,647,000 pour he presen : , jew to rt @ Anal, which Wem ashore home Lime ago un the carer eeeea me reece tad | ceotm h we tnlincl’ Ubas tee preancee Way tear even | (ict mpubaan Wi evenvuaisle a ae ning of Wednesday. The intention, how. | lower offers are submitted to where made. The firmness Pmall island of Pine), near the le Bt. Martun real trade and indus- | #0 lung ax four Weeks, Ow, a9 our condition mult Heeem the London Chronicle, (City Article) Oct, 90.) | ever, seeme to have beet allowed to drop. It is to be | of cotton alone prevents a material fall in the value af The Banner of Ulster, Belfast, Ireland, paper has the r proepority | depend won the course of the American disorder, | ‘Thanks 10 the anoma A et, the | oped ati eine and that the delay to te fulfiment pe J wane oa Aime is looked for ny former roy ro | and é i impouitle to conjerture what . tile and whole t a hae been but accidental 10 ape eme akes place in the aapect of following statement with respect to the crop in the any forme Tebercass | co Ban. treme, ne heme wel soe | eine emer cheng cording to the cirentar of M. Arles Dafonr, of Lyons, | money market. spighoikers north of Ireland. From other ter e kings finds the in a con. | prepared for all comting neirs. According to the ac 1 per cent on the bank rate disconnt, and the friends | the advices from the United States have greatly ager ° Fieppemeseren, Oct. 20, 1887. th ante ate by " ‘ ont me former | counts to-viay everything had been brought to w dead | nnd advocates of that beantifnl ples uf Aanoial chicanery o depression in the alik market, owing to the be- | ‘The market ha: been vory quiet his morn * v thet atal bight he maje «planters were | lock. Debts covld fot be pod between distant cities be | have further opportunity of applauding the wise discre. | lief that the vonaumpuon om that side ‘must bo small for Ar P ye “the EP * a they are | ow there were 00 shie means of remittanee, aud pro. | tion of the benk directore and the coercive character ot | many ies ‘ Opinions are greatly a CO > | ie wel thy we, Teady to be Converted into g could not | the act Weelf, They have put up the rate another 1 per | future cures of pris, some pe eeTeen et ina | Devemshiree were inquired alter rop bad teached . neruenae mwarded to rl, Owing tw the absence of | cent, making the charge 8 per cent for the Singoune of day vy my hte others, Owing, te 6 < ms, on | aoe png mane, s t on + power of obtaining advances ape ty ove | billa’nnd loans on stock. ‘This advance certainly t Which lias already taken place, are dieposed yf puiee Te, ee ee beat vit are c ' “ inery of ordinary custom many pereons by surprice, as they reasoned that with | # reaction i Me ov Yhoreday, the Lath of wality of the “keep r wien id io-tantly be right | £500,000 gold and £200,000 of eilver 4 the ket without In the raligens matiot there hae been a em N ber, th onan the quantity at present iy hand i onl - 4 on digminn : 1) vnuniia of te a; tat in fo wae wae ” power to bring etm may = “S. the Lig head fi bans a naphones jen h Cy } . a - ee it will, MO doubt, be largely incre a4 . : ~ uuffer Vite, a hether cecape would be found cease and there would refore, we has been eatactite eo tame qu f c a ops : . parity wit @ ai here de, therefore, | throngh some final convulsion, oF through a slow and fue inte heceseity fora further tighterng of the serew. | vious to the reduction, Conadian have gone A P Gt aseow, Oot, IT, 18oT be 1 as * ss on sto hitete mPPrh nA “ mated t Sra cua vulonvene ©, nO Obe coRld pred 4, bit =o ‘Owe own opibion remains Ninaltered, and we look for the Amoricnn secaritics were actively coat i a We bave bad week Of mtment total eowsation A justine pa. $B. practic ~ jermervied fore matitale the | certain that thatters could hot continue long in their then | rate till going higher, we think to 10 per coat, | yan Routhern and New York & b Brie show iner |.me a0 . calmed chiely by the untoward ye ve @ aaprcted to ie from this re will be | state. Among the considerations on the favorable side as the present advance is not jent to meet | firtngs. Tu mist: 'oncome see couree of the mot fond the toneral gloom cansed eo opweplg te a aay wip evita Hig avune « © pOCasiPe WON Lbs matey or Poliol tg | wae He fact tbat the stock of specie wW the New York | the enrrent of evauie elgaw!, @ifough wild (Be | Antifen :usi Lomien dicount dechiued. by Whe bear Cullures ix town, We make no change