The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1847-11-07

.uoun. The esteem Ia which the parties Are bsld has
caused much regret for this unfortunate event The
suspension OF the Abingdon bank Of Msssrs Knapp
rhs reports brought by the Britaunis steam packet
from New York read favoraby, both In the none
tary and financial The money market was easy,
and CONNIE rcal affairs bsrrsssed by any partjcu
lar casualties Exchange on England at Sh TO =, did
extent il is to be observed however that the date
Of sdvces which only three days later than
before the worst accounts nom hence had not been re-
ceived
LONDON MONEY MARKET, Oct 1912 O'clock-The
from Liverpool relative to the heavy payments
which had to be made on saturday are salts
falling due this day will be well met. Much attention
still directed to the position Of the SCOTCH commercial
cities which except - regards individuals directly in
vovsd with the great London houses appear to be
pArstvsly at The pressure Of course fslt; but
the banks do not to be under the slightest
siness and are therefore, enabled to oasr much
accommodation than our own Some parties ere object
amount Of Bank Of England notes could not long be
kept In circuistou. bat would be returned upon ths
issuers The fAlscy Of this superstition when bank pa
per every where gratsfusly accepted needs but lit
Tie denomination. would there be- much difficulty in
obtaining the guaranty Of our wealthiest capitalists
that i've pound nete Of any extra issue permitted
to the bank should returned upon It within given
period Neither the other hand 10 there any reason
to assume that would be- boarded or kept Ia
reserve by bankers for the motive to hoard
simultaneously with the restoration OF ease and conf
Taxation Of P--ls BILL but II il fair to state what 10
ticipated.- Globe
LONDON MONEY MARKET, Oct ls. O'Clock, M
The letters received by the Britannia from the Uni cd
states considered the whole having rather
favorable tendency The accounts must. however, be
considered OF purely negative character for in
au-nce hsvrg received from
this Of the from the OF the sailing OF
the .shiugton from New York the effect Of the
tipu-d depression here, together with the numerous
Failures thereon remains to be ascertAined
Some of the letters from the seat of
Washington, from parties in position to command
the bst Of information speak with an Increased
degree Of cosfdencs that peace will be- secured with
nj nnfr nnnu hnafl Tha hSaAa aft
expectation appear to be chiefly founded the
cd fact that the terms Mr. Tris had authorised to
offer much more moderate than those arrogaed in
the first instance the natural result OF all sober reflect
ing minds having to the conclusion that the az
justidaole. Even In a commercial point Of view, the
settlement of this question Is of more than usual i'm
TO TINS o iof r 40. ssna
circumstance which 10 to US Of more consequence 1t
present than may at first view appear
good deal Of disappointment has been felt that AFTER
all the fuss that has been made about Sir Peels visit to
Liverpool the affair has gene of without extracting
single sentence the Premier respecting his views
the present depression OF the commerce and manu-
features Of the country or how far 1t had been
produced by his currency and banking measures There
was q good deal of curiosity felt to know how far the
right hon gentleman would chime in dissent with
the single argument used by the Times that hs ruin OF
the country is exclusively attributable the inordi
appetite Of the railway companies to consume CAPT
tall for like Paganini the thunderer only plays upon
Consols opened this morning for the account at SIX
but the market given way SIX and sos
money 1t is understood that the INN ediate OF
this re-~ction was considerable sale Of stock which
OF the Liverpool banks had obtained on loan from
the Bank of England The precise nature Of this
ton net ransp,red but the presumption Is that the
Bank of England viii have stipulated for tie return OF
the stock at future period, and that meanwhile
they obtained other description of securities
The object Of the Liverpool Bank Is easily explained
viz the stock into bank notes. which would en-
able them meet the local pressure. The Three per
cents reduced have been done at 79H the three
quarter per at bank stock 1872 and India 224 s.
The Of the market may be sscsrtaned from the
fact that exchequer bills have been sold low sos
dis.
The only operations In foreign securities have been
connected with tne settlement but which is OF Itself OF
Importance Portuguese four per cents 20 81 Span
ish Ave per cents l71, Mexican 7x Ecuador az, and
Russian los. No other prices recorded.
There IL no alteration worth notice In the railway
share market the shares Of the old lines being still
pressed on the market.
QUARTER BEFORE THREE.-Consols for Account, sO%
Is
BANK OF ENaLArp.-An account pursuant to the act
It'll and 9Th Victoria cap 49, for tho week ending Sa-
turdsy, Oct. o.
Issue DEPARTMENT.
Notes ssued, - . E2l 9Sl 565 Govt debt. Ell 05 leo
Other securities. 2.984900
Gold coin x bullion 6,9333i9
Silver bullion. 1,06236