The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-15

STAGE tho 2eth als'-
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Foreign Securities, influenced BY the decline in Consols,
have been dull and many OF The speculative stocks par
touary Turkish considerably lower than last week.
The following Ia from the Enphra.es Valley Railway
Mr.. Andrew, the Chairman CT the Euphrases Valley
Railway Company, has received from vscount Stafford
isrrstch dated the 9th OF September the effect thai
q expected the sublime Porte vii guarantee per cent
90 capital Of 6 GOO oco for the ra~sy from the Medi.
ce tain condiions and that the Turkish government is
prepared TO 60 into concessions for the European aud In
DIAN Junction telegraph. on the arrival Of Mr. Robinson
the Ccmmissoner Of the company al Ccnstantnople.
According 10 the Letter OF the london 7qes correpon
dent at Vienna the specie in tho Ausraa National Bank
hes decreased within the last four or nve months from
ca zoo 0cc to fsto0 0Oo the whole Of which, as the
has yet returned specie pay mens, boarded
tho bank vaults The fact that the principal part OF
this increase OF e. 600 has been drawn from PARIS
and Germany Tor railways bought ey the Credit Mobi
The loss Of tie silk crop, 70 explain The French financial
nrom the london roe. Ccty Ar.icle) Oct 81
The authorities or the Bank o, England have to day
adopted the unusual course CT making an advance OF y
Fer cent n the minimum rate or ttercst and discount
without waiting for tho formal sanction Of the weekly
beard meeting o. the directors We believe that the only
the year le4 wien the governor Of the ban on Mon
day. Aug ADVANCED the rate Of discount to per cent
for bills having one mocih 70 run 6h for two month";
bills AID per cent for paper Of longer date reference
70 the history CT that period VII show that II at exraor
binary measure almost Immediately followed by the
commencement Of the panic which IS even yet fresh in
the memor! OF the nero lntie community, and which
was attended With such smentable results throughout
the length and breath the laad We have however,
to ccpsra,ua,o ourselves that very different state Of
things exists row, AID tina. the commercial commodity
can sord regard exceptional oper ,,on OF tie kind
| " tl-fr hRgh
ativt mM ia which requires checSno man has vensured
far bcyond biz means or The domain OF legitimate enter
prise md commercial and industrial energies have
neither boer excited nor have they become exhausted.
The contrary was the case In 1877 and the result was
the ea ul oolsnee which marked that year, ana made
1t memorable In iinanoa and commercial history. With
oct cEplansion therefore, il would appear that the ad-
Of the flank rate TO i've per cent TO day Is scarcely
jpstifablc by retcrcnce the Of money
kef ard 10 merclal nasrs generally. appears how
become within the last day two intense that the d
reciors have felt themselves called uP,n 70 make the ad
vance IN their rate OF ioterch without moments delay,
ard they acted accordingly.
Ilrom the loudor Iost (City Art.cle) Oct 81
No urther alteration in the rate OF discount has been
msdo 70 day b. the directors OF the Bank OF Eagiand
In probable therefore, that tho directors dered that,
precedent for irregular action has boon established
was proper 10 await the course Of events and TO watch
the effect produced by the advance In the rate made yes
,crday before turning the with greater vger On
al hands II s admitted that tho course which they have
taken shorld have been adopted at least wco ago; aud
so generally that conviction entertained that the
only matter OF surprise that not done. and IN
not altogether disntercse That allegation Is however,
lot TO be entertained for omcnt and although the d.
rccors disregard the warnings Of the press and made
no charge 10 the vacc O. money until they abso-
lItey forced 10 do So must be med that their post
poDeert Of tho advance dee entirely TO too ten
der regard fer the supposed interest. Of the mercan
tile community. "a stitch In time saves nine" Is
nayim no les applicable 10 money matters than 70
domestic Affairs and II viii probably be found that the
period 10 per cent and Ter cent, IL this time
last car whereas, nc means improbable that the
I G3rags hal ifln MIN
requiring such a course becoming apparent, would
been really 70 the plblc advantage The long
II s thought however that ne Is uncertain when
tho retc may be advanced The lnfux Of foreign bills will
lie checked nasmueh as the rate al which they viii be
cscorrtcd cannot &c calculated upon with safety and The
profi Of The operations IN connection ihersxi rendxe
IRON the london Tine oct al
An almost complete cessation Of the demand money
obscI ysblc to-day both nj tho Dank o. England and
cut of doorp but gold continue 70 DC taken for expora
20 The continent tho rate o. about 10000 day
and unless change should take place In this respect
advance In the rate Of deoun, 10 "a Icr cen, can hardly
bc long delayed,
rcHAEpeoS DRornrps AND co.'s cmcrLAH
IDEgroot, Get. Q, 1853.
Coros.--rn tho carly par. o. the past week largo
business done, holders each day showing less vii
insnes, % scl. 7h< EGrt hain1 rated ne We'd
rcei1g, e de1dnd ieas cAscied, ~ prios h1r> ben
mtddlirg and ioe1 q,1ilts Of An0iodn han Friday.
The 'nles 70 day amount 70 COO bae' including oooon
spccraeon and Tor export Tue marc close seady I'M
CLEO bales Of which SPECTATORS took 10000 American
srd 2.lco sCrat, srponcrs, 2lio American and 22So
sgrGs; leaving 70 the trade rs, geo bales.
QCu.oTnos B,as-Inquircd Cor .l5o hhis. rhlsiepha
sold by auction a LIS Cd eK ship baltimore, LIS. ci.
I1rD "a considerable decline has taken place In this
ar e In consequence q somc arrivals. Sc tons has boon
goh =, IRREGULAR rrcceshy Tor ir 70 good sea Ies;
enc, 77s see Tor cwt ard evcn within these rates.
stsck about So tons.
TnioE.-Tnc demand Continuing good, the martc. hiss
renamed stsaiy. Now T. y. e. has fetched 5ss 53s.
Cd cd 52s. G2s ca south American being scarce
Commands iua prices II ionGon the market has de.
cii9T6 Is tie yrot and ca Tor forward delivery The
stock l. bit 900 casls sgnni - coo sNurs tine sst
year Tho quantity alca; from Cronstat about 600
casks, no. moro than the sane rc a lsts shewcd.
~ Ii.lnsns at9.s and Joidstos's Al Sos per Ierce.
cTs1Tcls sslcs ISL bbs. At price, from 7ss 70 10.
g. Per Dbl some Frcrsh pork Which has lately
tard Proves CT very isr quality ard como holders
arc .t anxious TO realize es nc largo imports Stock,
Bsc5o.--So. much doing n ,hs Siee. Stock, s;ss
bo,ce.
cHE-4s IN snau ,uprly. ard phas comes IN nor
meets with Already sso when hnied.
Tie weather has been sou owhs, lee bclterous snoc
report q Irestay, bit stu far from settled North
wvcs small portion o. the crops arc SIN uncsrr,ed
Manchester parkc yesterday pretty wei at,<nced
r quantity ~heat found purchasers Al prices some
What under oge current hero Taosdsy Indeed from
some unsp7arcnt reason tie Prices Of new qualities Of
White American were rather rrcguar. Holders % In
clan oorn Ices dpocci 70 meet tho views OF pur
chsser. and honoc but little bCsnoes has resulted
Tsrors deliveries for Tho past week CONSIST of i23 900
lrs. wheat ssslnss lasIs7 ore: sane week Last year
Average Price The week. Gle u per Dr. against T-s "a
pcv m. sanla week last yeu.
wo Lad about the usual ATTENDANCE a Tie p,orulns's
rarkct 81 " cugtomsny for The day the week; only
limited businces rceetcd wheat tho better csscs Of
white and red american bclng 10 general sup-
ply reduction o. Ia d. per "a ibe. submitted 10
no rates current Tueeday the eonera
aso pro-rrsbe u slight reduction, but the low quail
y1s q heated American advanced ID "a. pw 20 lbs.
Good qualsues q four are scarce and may be written
stsdo desrv, bus The medium grades id GA participate
n ,ry improvement
only limited baalness took plasn Ia indian corn, ~
hol3crs generally nd disposed 10 meet the Market
ard TIC ev salcs elected wcrc 3, tho rates curront n
or ast-
New oaty sud meal were sgxn rather cheaper bui old
qualities Of cther supported i0ru,cs prices.
Imports fot tho rat week consist or III 668 quarters
whcGt IS al quarters Indian corn 1o,2ls barrels and
lisa sacks four Exports for ported, 600 quar-
tcrs wheat 2,242 quarters indian corn 6tTt barrels and
1901 sacks touy