New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1847-06-19
bu, the ,m,l ,rsder. and /. v.ry dca to rs.. money

bat the small traders md 10 very dc5 TO raise money
The EEycpssR JoAyzai Of today remarks that.
There probably wasa period when business OF
all kinds experienced 90 rapid contraction ~ during
the past three weeks even large foreign ororr
fr manufactures remsin uneSecuted. Bullion NUT
20 Of the country In large quantities 10 pay Tor
foreign which viii again make money scArc- abo
bring sbout another monetary crisis Meantime. the po
suon of the Bank Of England 10 more fsvoraote The
amount Of gold coin snd silver bullion In the Bank on
the 22d uls was 10 both departments. sss45,op The
of the best paper AT short dates 10 I'VE
per but much higher rates are paid 10 the street
During the psnic in the monetary world In 1875 and
1895 the house of Ro,hschd At Frankfort undertook
furnish the Bank Of England with ten millions sterling
10 bullion The trading circles were then deeper In
voved 10 speculsons than they q, present It u
said that the Bank may the 8,
the present time and that large quantity Of bullion viii
probably be distracted from circulation the cont
nent 10 order swell the ostensble stock in the Bank
Of England bot confidence wi be easily restored
In commercial circles The gold 10 the Bank IA no Their
mometer Of credit The trade Of England has Until it
reduced to m present unnaursl Dependence on the
precious metals been at al times unshsckled By the
fluctuations of these metals. We are told" ssys the
Daily Fss that what is wanted is return of conf
dsnce Ills difficult zee where commercial confidence
ia to from until the psin question ia settled as to
whether the merchant Is make his calculations
or ministers are to make them for him"
The steamer Hibernia, which left Liverpool on the
18th ult took out very small amount Of American Sc
curides The TINES does not regard the present moment
favorable for the disposal Of these stocks and re-
comnepds holders here 10 retain them II says that
the Influx Of specie into the United ststes which has
already taken place and which 10 certsn before long to
receive additions must tend to produce on that side
rise of prices proporoned to the fall which 10 here ex
perenced from lie departure. Not only therefore, Is
time likely arrive when it will be possible to dispose
Of American Stocks at higher prices 10 that country but
when II will slso be possible, from the effects of pro
sced pressure 70 invest the proceeds at home more
advsDtsg eously than at present"
The recent pressure in the Money Market has been
exceedingly severe upon spectators In the numerous
railway schemes of this country. Being compelled TO
pay up instslmenn they find It utterly impossible to
raise money The actual condition Of Thousands Of per
sons is illustrated in the following letter from railway
shareholder. He says Two years ago had saved
as much money would have enabled TO retire With
a moderate competency to-day am not sure that |
have a sixpence that can call my Such has been
the result Of my silwsy Investments might well
have thrown my money into the for any good has
done me- Nor is the result of my folly yet ended Til
and iii now never writ in my life or ever expe-
rienced any protractsd anxiety whatever"
whitney's great project Of Railway to the Pacific
Ocean attracts much attention here. An elaborate &C
count Of his proposed railway has been repuoshed In
most of the daily and Of the weekly journals Mr.
Whitney expects rsise portion Of the funds neces
sary to carry on the work in this country notwith
standing the deporsbe of trade here and the pre-
sent sDtpsthy to railway schemes Of every kind yet
should not be at all surprised to fud John Bull launch
ing out hs thousands of pounds for the purpose Of as
.istng the projectors Of this gigantic American enter
prise
The Ljr1poo Standard holds the same opinion with
regard TO the influence of the recent American news
upon the Corn trade as the London journals. Thai
opinion 10 that the will prices to advance
but independently Of this It is well known that the phi
ces at Mark Lane Market London, influence all other
Corn markets less, and the reaction yesterday
here will advance In the Liverpool market 10
day to what 1t is of impossible for
to inform you; you will however, receive the
reports of odays Liverpool markets you will find that
what state will prove to be correct opinion.
beg to acknowledge the regular receipt Of" The 7yib
HRe" and TO assure you how much enjoy its perussl
hope to receive 1t always by steamers
There are no late arrivals from any quarter to-day
The Exchange the Reading rooms and commercial
sorts are nearly deserted the great attractions of the
Ascot Heath having taken thousands from the city
Your very obedent servant p.