New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-01-12


BY the road, and is the first instance in which the re.
ceipts from the main stem have reached s4OO,O
We stated metime since that the Buffalo, Corning
and New-York Road would probably 60 into the hands
Of receiver for the benefit Of the creditors An ap
plcation has been made to the Supreme Court oT
the appointment Of such receiver The Court or
dered the appointment Of a referee preparatory to
granting the request Of the Bondholders.
The business Of the Sub-Treasup was els, tic, 900.
The San Juan steamer for New-York is reported
from New Orleans to have 100000 in gold on board,
and we hear in the street that this and the Aspnwall
boat together viii bring s?,2oo,0oO. We could not,
however, find the authority for the statement.
There was current rumor to-day on Change OF
failure of Produce house-liabiities 500 900. The
name was Lot made public and the report appeared
TO have originated in letters from Chicago A failure
of Grocery house was announced yesterday from
sugar speculaOus.
We notice further sales to banks of 900 of
State Stocks taken by Mr.. John Thompson.
The mails by the Canada are at hand. We annex
extracts from the financial articles of the latest London
journals. The Time, of Friday says
The English funds opened to-day at decline Of an
eighth from the pce TO which they had improved after
regular hours last evening, but subsequently expert
enced a renewed advance of quarter per cent which
first quoted s5a TO dividend, and they left oil at
So to so. Ultimately however there were sellers at
sst The transactions throughout the day were not OF
any moment The publication of the treaty with Swe-
den lad good effect; but an active demand for
money, both in the Stock Exchange and out of doors;
tended TO check the disposition TO ir1nneSs. Bank
stock left off at 206 to 20s; Reduced, sst New nree
per cents s99 to /; Long Annutes, 9-l6; Annqlties
1885 l6 5-l6 Exchequer bonds, ssi and INDIA Oonds
and Exchequer bills, los. to IS. discount.
"The demand for money at the Bank Of England
il heavy but scarcely more so than was anticipated
for the close of the year. According tothe last return
the bullion was only $4,000 less than in October,
when they resolved upon their existing rates, and, as
the additional note issue Of f475,O00 just authorized
will enable them to dispense with corresponding
amount Of gold without leaving them in a worse
position az far as their power of accommodating the
public is concerned, than they were in at that period,
there is no reason to presume that the present
requirements upon them such as TO call for any
immediate check. With regard to the future, the
approaching termination of the payments on the
Turkish Loan is a favorable feature, and although
the absorption of specie on the Continent may be
resumed considerable supplies can be looked i0r 10
enable TO Us TO meet il. From Mexico very large
sum is due fresh arrivals from Australia are now to
be expected any time, and, according to the Last
advices from New-York, it is not unlikely that the
next steamer or the succeeding ones may Dfing us
some amounts from that city,"
The NelcS of the same day says:
THE public will probably be surprised to lean that
Of the total amount of "a 100000 which has been paid
has vet been applied to the service of the Ottoman
Government. The remainder, &, 800 900, Is lying
at the Bank Of England, comprised under the head OF
other deposits The total amount OF this item, as
stated in the last published Bank return, was IL
1880 The aggregate Of the coin and bullion hedby
the Bank it will be remembered, was also stated at
Gl1,O79,J7s. The knowledge that the heavy amount
of - 500 600 lin addition to the 81 $50 which has
vet TO be paid upon the loan must long be RENTED
i'm gold to COnstantn0ple s calculated to render the
BankDirectors very cautious, and points decidedly to
a continuance Of the tightness OF the money market;
We understand that the decreased tli7j29 exhibited
in the coin and bullion in the last baance-shect, in
face of the purchase by the Bank of large amount
of Australian gold, was occasioned by remittance on
account of this loan.
"The Money market maintains the less favorable
appearance which has been presented during the last
two or three days. The general demand isvery active,
with a diminished supply; -. DISCUSSIONS are again
heard az regards the probability OF further advance
in the Bank rate of discount.
"The English funds opened rather fatty this morn
ing but soon rallied and after attaining fresh rise OF
J D cent finally closed the same as yesterday. The
prcudicial effect produced upon prices by any revival
of uneasness as regards the state of the Money mar
ket appears to be counteracted by the hope still en-
tertanod in quarters, that the Russian Govern
met wi not reject the terms of peace pTofeTed 10
by Austria. Pending the receipt of an answer from
ST. Petersburg operations in the Stock Exchange are
involved i'll much uncertainty"
The Standard of Friday afternoon says:
Notwithstanding that the present demand for IN
creased pecuniary accommodation by the mercantile
body is Acknowledged to be Of itself OF temporary
nature and likely TO cease at the turn OF the year,
serious msgvings, appear to be entertained III many
quarters whether easier state OF the money market
viii thercupon supervene. There are many causes iof
this feeling at present in operation, the chief being
the default of large and continuous arrivals OF gold
the generally unsatisfactory position OF the foreign ex
changes the certainty that very heavy reInttance OF
bullion must shortly be made on account OF the
Turkish Loan, and the probability of Government
loan being negotiated next year. There are in addi
ton TO these grounds of apprehension many cthers
which bear in the same direction, but which II l. NOT
necessary TO euumerae at present. Inc quahti'y vi
gold known to be en- route from Australia Is by no
means equal to our requirements since the demand
from the Continent continues to cause regular an
sorptiou of all the gold offered for sale ia the market
and also weekly dimnution IN the amount held
bv the Bank Of England We have also large
balances TO pay to the United States for corn and
cotton. and other staple articles of import from
thence and our exports to that part Of the world by
no means maintain the ratio they did some few years
AGO b, fore the effects Of recent commercial legislation
were apparent. The shipments OF silver 10 India and
China contnue very large, and the pay for the army
and the works in the Crmea fonn not inconsidera-
BILE item in the demand tor the precious metals. 10
meet all these additional drains upon the resources OF
the country the Government has consented 10 the
emission Of 1915 900 notes, in addition to the sum OF
Of $4,000 600 previously issueable without cores
uouding amount of bullion being IN the Bank vaults.
II will thus easily be seen that the additional Issue
perfectly inadequate TO meet the requirement. OF the
nuhc and TO avert the peril which the Bank Charter
Act is bringing upon the whole community. Perhaps,
however another turn of the screw will cause the
mercantile classes 10 demonstrate fOrcbly with
the Government the inquities of the present system
of currency and lead to the adoption of sounde prn
ciples.
Tie market FOR Public Securities this morning has
been exceedingly quiet. COusOls for the account hGv-
ING been done al sss and 4 and quoted at s-t
exactly tx dividend. The Three per Gents Reduced
\ al 10, aUHf hQ NJ hraen Nor