New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1855-10-12

Inc lanes Oh 2c.n SAYS.
The Bank of England to-day has increased their
rate of iscount from J. at which II fixed fort
night back, 10 cent.
The measure as received With general saisfaction
and was followed by partial recovery IN the stock
market, which at the opening had exhibited most
unsettled appearance. Consols, which after regular
hours last evening declined TO 9eI, were first quoted
$50, whence they further reeeded until they touched
Ssl. The closing of an adverse speculative account
then caused rally which was supported by the ad-
vance in the rate of discount to y cent many per-
sons regarding il the best guarantee for favorable
reaction while others were Influenced by its contra
dieting runor Of tue spectators that IT would be put
up TO 81 E. cent. Under these circumstances an lm
provement took place TO $50 but the sst official trans
actions wee at esl 10 for money, and ess to for
the 18th OF October. at later hour there was again
al increase Of mness and bargains were enec'ed ior
the account at Sc 10 /.
The Bank of England rate for advances on securi-
ties remain al the point fixed yesterday-nanely, -
T. cent.
The discount houses to-day gave notice Of an ad-
vance in their rates ofeowance to cent for money
at CALI and Al q cent for deposits with week no.
tice Of Withdrawal.
II was difficult to form an opinion of the state of the
discount market to-day, but il generally reported
easier In some instances the best foreign bills were
negotiated al Il.
The tendency to greater steadiress observable in
the English fumes this afternoon was looked for, not
only from the peculiar character of many of the cir
cums snces which have led to the recent action 81 the
bank but also from the experience OF former occasions
the present moment. According to the last Gazette
return the stock of bullion El3 69s ASS, and the
notes in reserve G. 800 500 and under the influence OF
the figures and the knowledge that the next state
ment will be less satisfactory, Consos have touched
$751; AS there is now three months dividend upon
them that price Is equivalent to sig. Ii this state
of affairs be compared with January last when
a temporary expectation had reduced the bullion to
Gl2 l62 495 or II ,535 800 below the total exhibited
last week, q great discrepancy will appear in the
relative positions of the stock market Consols
with the dividend Just of then stood firmly at 81 or
A. per cent above the quota ton of this morning. Yet
the notes in then held by the bank nearly
e. 600 less than the amount of last week tbs state
OF the Government balances afforded no Measuring
symptom, the rate of discount was per cent, aud,
lastly Seyastopol remained III the hands Of the enemy
while the reports received from the seat of
such as 10 cause political crisis The explanation
10 lie chiefly in the perpexty and alarm crea
ted among the dealers by the suddenness of the move
mCnis iust witnessed. This suddenness should, how
ever have been regarded as their best feature, since
with the commerce of the county perfectly healthy
and the realization Of an average harvest, confidence
might at least have been entertained that violent
pressure could come on so a. 10 take the banking world
By surprise except as consequence Of some except
ioDal circumstances which would admit OF correction
equally rapid.
The laI &c snount of Australian gold brought by
the Frances Htnty and the Northumberland is expect
cd 10 be in course of delivery tomorrow, but. 10 the
as.ouishmtLt OF every One II u alleged that the Bank
90 Ttl &C. IN oIGer TO create temporary c0nhdenco
co 40 TIE tAttHt OF thSI supply, CONtluulnr
make heavy PURCHASES at loss, and that conse-
queniy great portion of the arrivss-probably
about bal be uhnaturally diverted 10 Paris.
According 10 some reports, the total amount which
the Bank of france originally anaaged TO obtain
from itis side was IL 5O0. 200, Of which the largest
part may perhaps already have been dispatched.
With tie cerisiny that in toe course OF few weeks
wien the paper by which the operation must have
been carried out stall mature, the whole sum must
lie returned the affair appears one Of the most in
exphcable ever RECORDED. That il should have had
the result OF disturbing all calculations on this side
wss I6vitsble, since no person capable of feymny
opinion on the probable and legitimate course OF
usiI ess transactions you'd have been likely 10 an.
te, tain such a cOntingodcy. II commercial panic
hao prevailed IN France, merely requiring palliative
10 shay unreasonable fears tie step might have been
sccoUL TED Tor; but at moment when the ordinary
course trace is sound, and nothing seems requisite
but "a Advance n the rate of discount Ia nal
point, il is wholly unlike what night have been ex.
pected RON ,Sn establishment mansged with the prg-
dence Of the Be- that the greatest curiosity
is felt 10 learn il Any explanation exists which may not
be modia;ely spp Nrent Many persons, seeing how
utterly impossible l. to suggest any ordinary solution
have been disposed TO "a rcy that Russa whose need
Of bullion is probably des rate must have set on foot
y me secret operation 10 Obta supply on credit and
that the statements regarding the Bank OF France are
merely tctons intended TO 1t. Ibis supposition