The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-05-19
Financial Intelligence.
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From the London Times May4]
The Bank Of England to day have reduced their rate
O. sSs st from r. cent a. which had stood
An advance in the funds having been caused yester.
day by the anticipation Of the measure, further al
faction since it win imrar confidence which is greatly
needed, while its influence the actual value Of
which was already below the rate adopted, will be
vorable action on the foreign exchanges. Probably
per cent win remain the rate for long Tins. The
tpgences OF extended war and Of the next harvest
these which might operate in adverse direction
and the other hand there the certainty that the
walls from Australia which have been delayed for weeks
by eastery winds Even the contingencies Of tee
are not all Of character to lessen the possibilities of
easy money market, since with each day of their
tnuance further contraction Of business Is observa
be while by far the largest proportion Of direct expend
tuIe incurred for home materials and labor Russia
meanwhile is obliged to import immense supplies and
70 submit in consequence, TO drain Of gold which has
state Of our money relations with the continent
which is still maintained and il likely to continue
Under these circumstances the harvest Is the most
important subject Of consideration, and, although
opinion yet be formed its prospects, the fast
is obvious that the lowering of the OF interest
dictate SINCE has any eject it can only in
the facilities for importations Of grain at the pre-
sent moment and TO that extent lessen the possible
evils Of failure.
LONDON MONEY MARKET Friday Evening, May with
the exception of short period Of reaction the English
fumes says been steady to-day :, the prices
were rst quoted SsX to ~ and after fall to SSk, for
which no particular could be observed, the
ket tone of frmaess, and there were finally
sgain buyers at SSX.
The closing accounts from the Paris Bourss this even
for money being unstered while IN those for th. a.
count there has been fresh advance Of nearly quar-
ter per cent
with regard to the appearance Of the exchanges In
Paris the rate is maintained with great rmness and at
Hamburg the tendency to reaction as csased and rise
is again taking place, owing to money having bscome
ore abundant at 2k per cent
From st. Petersburg it Ia mentioned that al the
kets are GULL the overland trade being too uncertain
ana expensive to be carried on except upon cautious
scale
WRIGHT JUNIOR CO.'S CIRCULAR.
Our cotton market closed firmly on the 9th ult. he
date of last circular advices per Aa and for the
same extensive scale noticed for the past eight weeks
both pecuators and exporters freely in the
can ports are Received fresh Impetus Is IMPAIRED 10 the
transactions, and prices assume hardening tendency.
The activity in our corn market noticed in last
having set IN, has continued with undated vigor
throughout the week, and with large transactions daily
in all articles OF breadstu prices OF III further
Is. to g. per Dbl and Indian corn %. Der quarter
The weather 10 still and cold for the season, and
country complaints but rain having fallen
needed 10 benefit vegetation. To days market not
30 numsrously attended and extreme prices with
Ashes are in fair rsquest sales OF 200 barrels at sos
for pot, and 3d. for pearls per cwt Bark has changed
hands to the extent Of 100 hogsheads at o. 9 Cd
per cwt. for Philadelphia frsts Beeswax retail par
cells realize CT 12s. Cd. per cwt.
CLoyERsED-Season nearly over; sales confined to 20
currency Of ass to Cos per cwt with sales Of zoo toas
TaowPrces have reacted in favor Of buyers aud only
moderate business transpirsd;
TURPENTIyB-No salss of rough. Spirits have realized
sts TO Sos. per cwt.; sales 800 barrels. Nce-Small
sales Of inferior parcels have been made At 25s
for Carolina. Resin sells readily at a. I'd. 5 Cd for
common mp to SIS. for fine per cwt sales 5000 barrels.
RICHARDSON, SPENCE co.'s CIRCULAR.
LIVERPOOL, May 4, 1856.
In our last circular We advised material advance in
breadstuds. On Monday advices from the States In
duced holders TO ask still further advance and good
business done in Indian corn at 49, to 49s per $50
transactions made in floating cargoes OF Baltic and
Egyptian wheat ct higher prices At Marx Lane the
market was quite excited at advanced rates for oil art
cles.
At our market on Tuesday holders commenced by ask
ing enhanced rates this checked the demand and very
little business resulted. Since then the trade has been
very quiet and ct todays market the advance OF Mon
cay wss only cbtainable for small quantities. The quo.
tations srs-Phsdelpha and Baltimore flour, as to
46s per barrel but without buyers white wheat nomi.
mixed, 49, and white, ass. to ass Cd; per $50 lbs
The weather Is dry, but unseasonably cold and lass
night there was smart Frost which formed Ice In
poted situations.
dealers show more disposition to 60, into stock. the
sales this week TO moderate extent at va Cd TO
HISS for inferior to good brands prime mess.
PORK 10 less depressed, and better demand IL antici
pated Bacon continues in good demand. at improving
rates. and further advance 10 not unlikely. We quote
4es. and short middes 46s to AIS per cwt Lard-The
advance made last week has been maintained, and the
market closes firm, but not astve, At 49s to sos. per
reduction would have to be made.
CoxMoN RosIS-4s. 80 per cwt. Querctron bark
quiet, at %. Sd. to 9s. 3d.,
CoTToN The tenor fthe American advices, and the
ductop in the bank rate Of interest," have kept the
market In state Of excitement and although the de
mand has been freely supplied prices generally have
advanced full I'd. per ID. since this day week. The
aes reach bales which 90 were Americans
BARMe BROTHERS co.'s CIRCULAR.
LONDON May 4-5PM.
A rood business has been done in the colonial and
foreign produce markets this week. Sugar dearer
Bre stubs have further advanced. Money easy Con
soils leave OF So for money, and S6x 4 for the
account. The Bank of England has reduced lie minimum