The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1854-06-15

The European advices by the steamship Arabia at this
port from Liverpool have had rather depressing effect
uIon local markets. notwithstanding their favorable
character The advance in consols and in bresdstus
and the steadness in quotations for cotton appear t,
have had effect just contrary to what might have
been anticipated. Speculation in the London Stock Ex-
change has had influence the price of consols
than all the preparations for war, the actual
mencement of hosttes. Until very lately the bear in
fuence been in the azcendancy, and quotations
steadily run down. The London Ners of the ID inst.
says"A As illustration of the prevalent tendency of
speculation for the moment it may be mentioned that
yesterday leading member of the house gave els for
the call Of 600 consos at 92 for the July account
(of course including the dividend) In other words
rise to the extent of e16 above e2 must take place be-
fore the operator in question realize any profit Is
the transaction stands bis Is that any
case the extent Of his loss will be per cent Stock
however, Is PLENTIFUL and present prices seem to be
inducing realzatons for instance yesterday bona fde
sale Of fl3o, 900 consols made lin ne Money xas
rather carrier in the house than yesterday, but some
pressure was observed in the morning. prior the pur
chase by the chancery broker, and money one time
commanded Eve per cent all classes of government
stock" The bulls have turned the tide against
them, and in the face Of steadily increasing
sriugency in the money market we find an
improvement in prices reported by every steamer
With regard to the general state Of the money market
during the past month, the following is extracted from
the London Bdnkrs Magazine
The events OF the month, in connection with financial
aairs have proved Of more than ordinary importance.
In the midst of the alarm created by the unsettled posi-
ton Of the Bank of England and the continuous drain Of
specie to the continent the Chancellor Of the Exchequer
has completed his negotiation for the introduction of
e. Of Exchequer bords and has taken power to
recruit his resources by issue OF "a 900 till
such period as proceeds from increased taxation shall be
received. Almost concurrenty with the hrst operation
the bank ecors compelled to raise their terms Of
discount to per cent to arrest the Increasing demand
vored by sales Of stock and other expedeut, to i'm
prove their situation The state OF their has
deciension in the reserve the decrease Of baIion,
and the itcrease in private securities, being the items
which have naturally attracted attention; and to
the present time, although the amount oil unissued
notes present healthy total, apprehensons
entertained that further restrictive measures VIII be
minshed and supplies to meet any partial renewal of
shipments have been OPPORTUNITY received from Aus
traia and America but while the foreign exchanges
continues considerable and s not likely for tho present
materially TO abate. The continuance Of the will
keep money at high rates; and Notwithstanding the
closer alliance with Austria and Prussia which must
greatly enhance the strength OF opposition arrayed
against the Gar, time will under the most aus
pcious circumstances have to eiapse before peace,
a'isactory 10 all parties be concluded Tbs de-
particularly active at rates from shade above the
minimum TO per cent for short Grst class paper Other
descriptions cannot be discounted under Ga and per
cent. The allowance for deposits Is ~. per cent and
Az NAV be obtained cases where arrangement for
. fixed period is completed
The statistics lately collected by tie Secretary OF the
Treasury present interesting facts According 10
the Of Mr. Crawford the amount Of specie in
the country in 1920 only $751; ,oo0
Product the mines from that date to 1872 s3 $50
Import of specie from 1870 to
1919 amounted to-. .szo2, l6s,otl
Exported during the same time $50, f62 4o6
Leaving excees Of imports over exports Of
specie 70 is4s of..................... 7l,7o7,4s5
In the country on the lst January 1870 1872 Ala es5
Supply from the from 1919 TO 1854 1y4 1858 Ill
Imported in same time ................. 25,50s7T4
343, rs 5T6
Exported from the country between January
loie, and January liz, sSo74
srecis in the country in January 1854 a23o $50 5o2-
being hundred and eight millions OF dollars more In
tie country now than in 1s4q. But there are large
Of money brought into the country that cannot
appear in statistical tables 1t Is estimated that over
$40 900 900 in coin have Be brought in By immigrants
since 1s4o OF the two hundred and thirty millions in
specie in the country little les. than sixty millions
s in the banks little than twenty seven millions
In the national treasury and the balance Is in circua-
ton or boarded up BY private owners The gold and
silver n ci.cuiatloa 10 over huns-ed AMI forty
Tar rion o 40 ara now aaa he circulation OF sans
ransr = o-s- one 1an8-ed and niret yfour million dol
.lrnlr rod An 1si~t VI.