The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1855-11-05

tap,y a. 10 how measures 81 tns oanx
nav H. carried flu rates are exacted and there an
:, ecisl indspos ition ouch long do ed paper
l. mhard street discount houses yes ertay .s''en ~
al. warce for money IN ensma 70 p sn, ..hiscs 10
few esys notice Of withdrawal IL ~ no, surprising
thai these high rass should imp, hsn m sar " mind
the for unae immunity OF the present cisis rom nes
can in eubarrassm en's. -.
IN TIE Ynrti,h kuan. The total amount then PAID
up will be 80 Ier cent, leaving o1sa per cen stu 70
be met.
able auap,y 81 soveregns has ie. the bank but very
little bar geld.
64f for money and 10 for account being trihe oeios
the reduced rates which Sern established yesterday a.
terroon At Vienn. The hsurse has assumed usors w
favc hle appearance Aus iau funds peing ~cass,
ard the exchange London having advanced tfSm Il to
n.s viii ST the premium on gold ana silver nas s1seH
lie Impression i. becoming prevalent that some
financial Operations j. al presass {" ooas " arra~,sas"
t'n the Fu.,am s,rersf =, " o was XXX c,rcas,.d
re,ort loan 1T five mil sons ste hing sunder negotiation
dar govrEent viii do well TO kees waten 10 tne guar
ter Indicated. perempt0ry Frotbition against the
quotation of any such stock on the Amsterdam
bourse may reasonably demended from the Dutch 60
,ernnent by the A,kes Holland can have claim to
the o. iveges Of reuta State IL the slightest counte
given to any attempt Of the enemy to
vide the sinews Of war in tbst country
from the London Chronicle (Ciy Arcle) October 1871
The aspect Of the money market il unsa isacory
than ever and let who to the contrary, there
pressure yet t. To all Who End will Doth hear
an see and knew the meaning Of what they readily
ascertain there too many evidences of an unfavor
able character to be mistaken In estimate of either
the present future state Of things. The payment OF
the dividends at the Bank OF England bank stock The
new three per cents and the reduced three per cents,
&C., CT mmepced to the public Saturday; and what
effect, may be asked, has 1t had on the state OF the
pey markell The answer we emphatically assert is,
nothing at ALL The discount houses which Thursday
and Fricay last such active borrowers Of money
we've even s.ih more 50 on Saturday and to-day they
been still eager borrowers. The banks and
bal kers have demands upon them for accommoda
op and tha whole monetary CONNER ca interest
iasng money ~ eysty possne .arecnn; m XII a.
appears 10 Be ontiipdng setere presue and are
turning everything they ran INTO morey In London and
conducted quietly; and only becomes needlul to state
this much whom attempts are being made to give art
cia, ing facts and thereby msead the public
to the real state of affairs No one viii dispute thai
trade is in most sound state, and that commercial
crecit il firm it possibly be; but this alone
not sufficient There is increasing eeusnd for money,
which whatever may be the extent Of he supply
than exceeds H. The war has most assuredy not de.
stroyed the whole trade Of the country weakened
public confidence in its immense resources, tho viii
lngness Of the people to meet the demands that DO
is checking trade is making money and dearer
and as the supply decreases, tho aemand is both
Eaatvely and naturally getting more and NOR. active
effects inevitably must have upon the trade
and ct this and every other country with
which are In any way conuected From our Immense
wealth and successive in which Eng
land s engaged, has at the slower aud
weaker influence; Tut thar fnally can and does a6ec,
every interest Of e country there Is reason sohaeper TO
doubt. The uhce machinery Of trade Is last 5e3in-
ming to PIT into disorder The accounts from foreign
crops fail from natural in other places the dearth
OF labor has prevented the usual breadth Of land being
soHp, where the produce from being gathered
The demands Of large armies in the East for supplies o.
every Kind ds'u bpg the usual channels which sup
near IL. sx,enses Of hi. and o;Ser svarnmsass ars
increasing daily, while the war is inpoveiahing aud
running both Turkey and Russia. The prosperity IF France
and England is the cdne-trGde is rapidly deciinia,
Profits tecoRtg teor and less and losses greteaud
The energies Of the people chgged with the numberless
stc'ioDs they fad meet them ut every put and
der them and more Pow surmouns the diff
cues that beset them. II IL infinitely better meet
danger boldly in The face than be deceived BY false hopes
Of security and continued prosperity The demand for
money siho ugh II may meet with occasional llls, has
lately Increased week alter week. It'll doing add in
the ORDER Of things must yet DO greater Unless
the Eapk of ny and obtain powers government
to grant relief from the pressure with which II Is
threatened, II must furthr put mp the rate If discount.
The directors would have acted more judcously IN rails
ing the rate Thursday every prepared
for the change than TO deter it, The necessity for their
acting with cater bodness and promptifode was
felt and admitted. The Danger they ncirred by delay
great be trihed sh They have payments 70
make on account Of The eminent hii,ens alone
If e. COO and by the last returns If the Bank they
had Only $500 coo Of notes in this de-
nand Aher allowing for the repayment on tho other
ud It'll b. severe further drain upon the crcala ion
which must he met in haze other The
sidefed The 80 al heula below The Baua
be eier Of stock III order 90 call In "a notes it must
obtain 10 sue notes against Of the asset 10
hand. The las Bank returns will be found to bn ,,,re
mo more unsatisfactory the closer they inves H.
The Only item of c,nsoati n they afford i, that the
of discount accoumo alton Tho we'd no further
increase. But 1t must be remembered, however,
'ha. this item only Ga 900 less hso the
week previous If the Rnk If France returns are lnyesti.
gated, they show, stated Ia the Honiny ca oal1e
of Saturday last great changes Of ious import
and are Indicative OF What must AFFECT th co.ltry.
uyht fhrta taaE III f.l, L.a,
and every week brings the issue closer he n isian
world. Ihs danger Is known 10 he aeat the other
eide OF The water nno In order "a meet H. deputaton
ftm the Bant Of France Saturday waited upon the
rank OF fDelan,, proposing to make arrangements for
they came to satisfactory conclusion; but nevertheless
j. jet uncertain how far they will suffice occa
sion Tomorrow (his day. OF 10 pee cent
the E'gi loan e*corues payable. and t. the
OF IL tOO COO ess what may been I'D up Ia
ANTICIPATION. ia Saturday iust,lneut Of 20 per
cent bee payable on the Turkish Loan and n ,nts
te f1oco,0oo There thus sum II c. COO 900 to DO
avn iron the market daring The space Of the five
days.
TIE ENGLISH AND FRENCH HAHvesrs.
tfrom The London News uct III
For considerable period the high price 10 France was
ascribeo Z The dro gh, 'hich impcdcd grindns La
'e,'S much rain hss 'aen he mill may be fail work.
and yet the price of tour has agin rien T. the
past week There IL con Giadae car,ity in FAM
The dsfcienc, Of tn. harvest i, na =. NJ the lowest
At eco go hectei res oe aeariy .o,ooo0o bashel,;
and ,hif defc ncy saftl'ng in country which even
in 1854, sen 224,7i2 quarter # ali ias OF grain
in isss ~ 2:2 quar'e'.; in 1852, 7is 49,; ana
IN 1901 l,h9l,aIi q1ar'ers. Instead If ling US
any this y'nr, she T. taking from IL, and l.
competing With Ia in third markets Tor all that i.
here . he sold. Whatever msy ultima ely be the
Weld Il our own harve { pers m supp ses that il
will equal the harvest oi 1884, ani, that w,s
We imported ON he time gsth-re in the end
OF August las, n les tbaa bT5s5s quarters IL all
Kinds ~ grain ut which upsaros Of 0o0 0OD quarters
we're of wheat and wheat n'ur. We st1u reyaire his
var al ledst ~ rris 100 900 ora Of osor wtet,
iran; and though We shalt doast g,, teen get ~
much ~ we want 30 ~hal hsve Ia gather IN from va
nous quarters and II Is therefore ite imp bile what
ever may he The ci.cf IT ps ion that the law. of
supply ard s mapi shad cer,pit The val O. the sr
e. isll nu III before the next harvest.
With he produce OF ia. sin almost shut out. sith
an un'svnable hnrvest in Prussia ant increa sed
ccnumi'i we have la look chiefly 20 he cr,n riss
on the upper part of he Ned fanesn md the
tiuei States for our supply. AGREEING 3, the
latest ndvcss from Nes fors the pcs AZ At for or
purt va 8 bnshsl an the fre Ii. 2S making tho
price at LIVERPOOL n'ef tent ~ all chtrgs. no lss,
than ,2s PER quarter. That this p viii kcot IN W.
d. not assert but ho foe,ih and French lying At
New 1ofk on these terms sus Il l. not Gerry poba ole
Nd -hatU al. i4xk.