The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-10-19

every available debt due In the OF trads fn Eag
IL COO COO in gold from this country was cAley win
refer 10 these circumstances that cautDnei tho
sss .ss ,s rely os s'us q o. s,ant @
and also offered 10 Messrs. Rapbssl end Sons who,
however having regard TO the tightening tendency q tho
money market, resJ ecfully declined it, The contract
for this then accepted by another Of the prnc
pal monetary firms Of London, and IL In course Of
contract taken Is Los preniam per mile 600
francs Tho premium paid by the Bank of France Is thus
cnicuiated to be at the rate q about one per cent
Yesterdays Iise in the Bank Of England rate Of dis
count seems TO have produced very little effect the
money market Little business Is done below the
tion continues evince money cannot be reported
tieht The supply being abnn'an' In the absence OF
diirust consider able cagerness shown place money
with the discount houses and banks at the high
now allowed. The Lombard street discount houses noti
hed to-day that they win allow per cent "at cali This
highly satisfactory, tends 10 show that the aim OF
the Bank directors In attempting to check the drain Of
In mercantile circles to give way TO needless alarm.
The hopc is thus strengthened that shalt be
TO impose efficient check upon the adverse bullion
m veent until relief shall be derived from the expected
nnnh Of Frane" aas I ~ s inc
date loss ACQUIRING from It's purchases OF gold here
evident that such cannot be endured beyond certain
limit and our best means Of attaining this point evident
ly lies in rc In the value OF money In this market II
must be remembered however, that the step tardy
adopted yesterday by the Bank OF France in raising heir
rate II discount from to per cent has tendency
counterac the defensive policy adopted by the Bank OF
England, and thus II may ultimately conducc to the
maintenance OF stcadiness in market II the CONNER
csl community win accnstom themselves regard fur.
thcr ise in The rate Of discount not improbable in the
event u the last ad, not proving sufficient.
The return of the Bank Of England for h week ending
SatuTday Sept ~ when compared with the previous
turn, shows the tllowng results
Circulation issue. G26 36s 255 Decrease E326 9a5
Circulation active. 20 i72,tS5 Increase 76i $50
Public deposits ....... Ia N9 Decrease 24b, ,6S3
Other deposits. II, 300 Increase 1Tl,0,S
Government securities in
banking department. 12125,O26 Decrease 37s,on
Other securities in bank
irg department. 1sel5,70 Increase L a0o, ,aS5
Coin and bullion in both
departments. f2,o3s o2S Decrease 80, ,67o
Seven day and other bills lO0l7i3 Increase 1,202
The rest. $3.50, f25 Increase 12,eiS
Tho reserve (yiz., notas
and coin In banking
deIartmen) ....,... 6T66, ,243 Decrease !, ,003 go
The subjoined exhibits the extent of the weeks varia
tons at one view
Public deposits. :. :. decrease aai5es
Other deposits. ...... increase Gl7l ,078
increase 7es, ,4s2
Rest est..................iu .iuerease 1898
On The other side OF the Account
Government securities deefease 373,04l
Other iecuritics increase j, ,408,d05
Coin and bullion. -. decrease o22 ,679
Total. cl o52, l8s fl652, les
The changes here exhibited again of n very unfa
vorabc the increase of less than
81 e6 in the private secur les and the dimnution
of u 0f3 $40 in the reseryeani attest the severity
bullion s Satisfactory to perceive Is not 70 rapid MS o
late, but the total amount standing under that head
is reduced below thirteen millions The further dccI
In the government securities Is attributable TO the sales
Of stock by the bank In the week embraced in this
will be remembered the bank raised its rate Of
discount 10 five per cent.