Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-11-03

The tenor tho French papers this morning being more
DE City causing rise in Consos TO SD; but the mar
ket afterw hattencd by the report OF denoecy
q million sterling in the revenue io' 'ne quarter eha
The opening prices Of stocks were-Sonsols sol to 81
fos Money aud s7 for Account New 81 per cents
sof TO COS Excheluer Bills par to Is premium
fwo O'elook.-Consols fuctuate from one hour TO an
other: they 81 ior money and account New 81
per cents are 9o and ENchequer Bills to 2s prem;
spanish bonds heavy at 22 Portuguese per cents,
sci g.; Colombian 81 TO % Dutch per cents, 4s to
90 and lie per cents 9a J. Great Western Railway
Shares at y to Is PREM but the other lines are
heavy; North Midland, 20 dis. Birmingham, n to II
prem and Southampton, 81 per share.
Taking all these belicose demonstrations, into consi
eaaon and the unavoidable expense with which they
have been already attended (supposng that At was
TO ncresse and the consequent demand for money
.hich must ensue Wa are not 10 iesi surprised nat
crease their liabilities The great fault We have always
had nd with the policy OF the bank parlor has BEEN
gent measures, that when they did proceed restIe
tive policy the action too violent AID sudden attended
with great commercial embarrassment and c0nvulson
the Money Market We have on that principle lately
tkan expressed our disappointment that the
rumors generally becv cd OF their having said por
Of the dead weight" annuities proved to be moor
rect hut confident nevertheless that the directors
inattentive to the eNences Of the times
that they has been preparing themselves by of
juaieious measures TO grepPls with any emergency We
opinion eEertane that the bank directors have been
cura their circulation until the eleventh hour
times past in consequence OF desire TO the
value Of the stock hich coincident with high
of dividends thus showing the incompatihlty of
blind to both sides Of the question, and
bound allow due weight the statements put forth by
the directors that they always DESTROYS afford every
possible facility to trade and that if they have erred in
times past their fault has been committed from gene
desire 20 benefit the public. We must take things
they are, and Judge o. them accordingly The system
under which the Bank Of may be defective.
Few, aay, will dispute that is but, until that sys
changed, make fair allow for its i'm
PROJECTIONS and confuse the fault OF the with
the manner OF its eNecutionLondcn Morning Chronicle
The expeetaonof some stringent measures on the part
OF the Bank still pre- a and to-day is again reported
currently than before, that discount had been
fused bills the very FIRST class. The directors,
ia addition other OF dsquet which various Cir
camsances have combined TO produce, said to have
this constantly before them that they cannot
pect iSy further assistance from the Bank of France
-ander the aspect which the relations with that
Try whether the present state of things
shall term.note in war or not they are certain too
that the preparations made for that contingency especial
Iy by France must lead TO an nstan, demand for money
and increase OF its value all Europe. Why the bank
should entertain dread this, not appa
rent but is certain that Of late the very mention OF for
eign oas has been enough 20 bring acold iii in bank
director. This ought be- fthey conducted their bu
Hnes properly for the few years follow ag the passage
OF Peel's bill the period in which the greatest
beE known here foreign loans made yet no in
convenience followed from them at the time and some of
them turned most profitable transactions having been
repaid at advance OF om 20 to 30 per cent the
tract price.
market Consos opened at the closing quotation of
terday and rising when j. diligence respect
published day. Of the attempt burn Sheerness
dooky ark caused panic, and Consol fell nearly per
considering the approach of the for pay ing the
dividends and parties have had difficulty in lending
a The fluctuations were as folows:-Consols opened
al g. whence they to s75 buyers AT the panic,
and the sales made in consequence they fell 10 80 BY
subsequent reaction they closed So for and the
account. Exchequer bills have not moved but remain 6s
to "a premium.-Times.
LosDos NoSrr M,Rxrr Oct. lo.-Anong measures in
he OF operation by the Bank for contracting the
currency said to be the disposal OF those immense
mortgages he Rutland property which have been for
many years held by the bank and which, being i'm
proper banking asset has always been great incum-
hraace to them. The rumoar i. that of the wealthy
Insurance Companies for whom this would be as pro-
per nvesmen. it is improper for the
Bank Of England, will take it of their hands The dis
posa OF the dead weight 20 large amount con-
sdered perfectly imprscticabe present through any
such medium, but is conceived if the bank n
tcined, that arrangement might be made with the Co
substitute savings bank stock for portion
Off The general persuasion is however that the bank
cling 10 this security with much pertnacity
As far goes there be doubt that get rid Of
their mortgages would be most sensible relief.
There has been general buo, ancy in the money
ket to-day and great deal of business has
quany Of money stock bought for today has been taken
yesterday ohe expected respecting the Bank
discounts, is considered the OF the Improvement
Ekckequer bills have slightly improved and are quoted
par2 premium The last quotation ior Consols SCI to
for money and this account, and SO selers for the
November account.
Very little has beeu done in the foreign house but the
prices are firm, compared with recent quotations Span
.sh Aeuves are 22ti Portuguese per Cents 81 to rs
Dutch per Cents, - 70 3; Colombian 81 TO 81, Mcxr
Great Western shares have improved owing to a dc.
mana IN consequence Of quantity having been sold for
the last account and not delivered They quoted 10
II premium. Birminghs II to 70 premium; Brgh
ton. n. to discount; Bsckwall, to 81 discount.
LosDoS, Oct The general appearance OF the money
market has been considerably fruer and buoysn
the o the prcsentdsy seldom has greater change
IN the opinion OF the London public been Aotced than the
last forty eight hours have brought forward the east,
srstons Of France.
Opinions having changed strongly on the question
IN Oonsols which have consequently advanced nearly
cent on the quotations OF last night Exchequer bills
about 4. lower some Of the holders having sold these
Tor the purpose OF transferring the eapsl to in
in Consols Money has been TemaTk ably abuR
dant, and offered with readiness and Of Interest
much reduced three per cent C1nsols, remark
able proof Of the disappearing alarms the subject of
wsf An-r consdegahe business in speculation Cor
advance in the funds the closing duoteiious wereThree
pr Cent Consols, s7 for money, and 81 for the lih
inst ENchequer BIS, Is 9s prem India Bonds, lbs las
DIS Bank stock 1917 tor N opening
The foreign funds have also been much more confident
v purchased this aernoon advance to slight extent
ha~ng generally realised the principal exception
being in Dutch securities, which tend declining quota
ia consequence Of the resignation Of the King
Holland with reports that his successor the Prince OF
Orange is much warlike in his views These must
b. allowed 10 be very unfounded spprehi usons when
that the settlement Of the Bel-c question
was effected by great Europe powers and that an in
fraction Of the treaty very little probable by the Prince
dsct with regard TO the Eastern question has created
Franee The market at the close Of bus mess was firm AZ
the following rates IS plnish Active Bonds, al De
feared iol Passive, II Portuguese Five per Cents,
s1l Dutch Five per Cents. a5 ditto Two-snd.s Half
saa, al! = '''''-'''' ''''''
L5-D5- CosS ENcaa~sr. osiober ath.-Tlte weather
throughout the week has been favorable for bringing the
northern harvest 70 close, AMI consider the
CROP in this country well the major part OF
gs-h Wheat MAT arrived 20 Mondays market has been
but litls ADDED aud now, iva consequence Of
thevc{ soS sale some parcels remain unsod factors
inquiry has bcen male for Foreign bat the actual
basne.. ,.ansaeied vas ineos.leraee. Barley barely
supports Monday rates Beans AMI Peas unaltered
in value The fresh supplies Of both English and Irish