The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-10-29

the yssss, is felt probable that very little whe will
eiapse ere another sersuon Will DO Now IN or
periencs OF demonstrated that these high rates
Of interest exercised slightest possible inf uenoo
the export Of nuoa The actual trade bal lnce with
oil thus conntf ana the mere ac,ion Of the exchanges
produced out htte eiieci whilst tne govern ment
buying gold In thus market in defiance Of adverse
change, and certain loss upon every goId
imported As 1t was then viii il De now rhe Bank
of England, whilst gold ia nj liked price here, Can
exercise no controlling power, oeng practical ial
lacy suppose that the continental nations will
take commodities be they never so cheap, when
they require gold It Is, therefore, only ABSURD to
suppose tnat any further advance 10 the interest
will suffice 10 check the purchases Of bullion uow oeng
psde on account OF the Bank OF France would be
bank rate Is most earnestly be deprecated a. oeng
inadequate unJustihable and cruel It be by lar
ne preeaoe course for tae directors Of ths bank 10
seek suspension Of the Bank Charter and
70 emit notes OF lower denomination than those
creul&hon and 1t TO be hoped that tnis will be done
ere ne structure OF credit is SHAKEN by ths effects the
process which has been put operation during last
week or two Let the oAnk seek exta nded powers OF
action and with care and circum pection as tar ss
relates 70 the enbarkaion Of captal 10 foreign invest
ments is quite certain that the difficulties which
threaten may be overcome without pressing
severely snAn AZ present upon the industry and legitimate
Correspondence of Manchester GUARDIAN. Oct Isl
There was aspecal seting of the Bank Directors 10
oay and ine interest again aotcpaed that
they would put the but they have
Done SO Late this afternoon, however they aanousoed
thar un iurtner notice ney would not make ad
on STOCK Tor u longer period tnan days. the
usual term has been for periods of not less than fort
night.
This is OF considerable impor lance and Is
not yet either generally known unders but IL la
calculated have great effect rhe object Il 10 Keso
hrm bold on the note circulation OF the bank particular
~ as the reserve Is now very low indeed, the
tnk return viii show.
Toe effect produced py this stock mar
kt has been Of great preston, there be
little doubt Of its being great to morrow.
RICHARDsON, BROTHERS AND co.'s CIRCULAR.
LIVERPOOL, Ion MO Iath, 1855.
her has m mn al ma
trade presents no new feature the demand still holds
good Tor the better classes OF wheat and four
and an advance Of Cd per quarter in most cases estab
liz he'd In mixed and white
This days market was not as numerously attended b.
miers from = disan Of late, and the demand for
wheat consequently rather limited; holders generally
were little dspoAed TO yield In prices. At the
had purchasers appeared for quantity, ship
concession would have been made. Flour met . mode
maDd and scarcity of the better classes OF
barrels enabled im porters to make late rates. Irish
flour was generally held at advance OF ls Is o.
sack but It checked the demand and the business
done Was Of the merest retail character.
indian supported the advance noted above Of Sd
per quarter, but the demand was not lively.
Oan and meal supported for mer prices.
Weather dry, with a bright sun.
BROWN, sHIPLEY co.'s CIRCULAR.
LIVERPOOL. Oct Ia, 1855.
The cotton continues very Hrm but without ex
ctement at our quotations, the sales for the three
working days being 40 600 bales with 500 spec1la
tors and exporters The corn market is quiet but
steady.
THE VERY LATEST.
From the London News siy arucle Tuesday evening,
The funds showed considerable steadness at the open
ing Of business this morning. Il transplrsd aer
land have curtaled their advances upon government
ock 70 seven days OF the ordinary period If fourteen
This circumstance being related anticipated OF a de
cided strain upon the banks at caused
fell. and the market closed with fat appearance
reduction 9 q per cent from the fnoi quotations Of yeser.
day 1t is also confirmed that the bank with view TO
withdraw ties from circulation and streugf IL
position has Itself been borro ~ng money upon stock In
the market Under these circumstances much uncer-
iainty is felt as regards the renewal Of ioans.
The more prudent spcoulators evidently sosiug
upon belief that s dangerous at present 10 hold
stock by means Of borrowed money
In the Stock Exchange to-day money did not command
more thar nve PER cen, upon Government securities ou
this merely repsesenm the rsfe current for loans from
day TO day. In the dbcount market null rates contnae
to be exacied. owing 70 the masutude OF the advance
large amount quickly fails re payable Is appr ehenoed
tha the relief afforded by the divided payments viii be
merely temporary AT Paris TO day the three per cea:
ret.s sustained fsesA fall Of y per cent. Fresh
Of resvicton calculated depress the Bourse
are umorcd likely TO be shortly adopted by tho Bank
OF France.
From the London Times. (cy srtce), Tuesday evening
Oct IA
The English funds experience further fall 10 day Of x
PER cent This was the rst day for tho payment of the
dvidends, and large proportion Of the heavy advances
obtained from the Bank Of England during tho shutting
had TO be repaid. In t.everal cases renewal de
sired but for aJaser period than days and
ihs depression iurinr
IN, afternoon Under existing circumstance, support 70
tho stock Exchange could be Afforded only M the OF
iresh restrictions the discount OF Commercial
paper The announcement that the ulumatum In under
stood TO have been cent saturday 10 the King Of
Naples, and that its non acceptance win be fol
lowed ~ the recall of hc En9luh and French
representatives and ne dtspdtch f ns combined aees g
,tdtd to hare ea;ed the increased dirssson the French
funds.
The letters from Paris day confirm tho more mvor.
able reports regarding the position OF the BANK OF France,
their stock OF bullion being alleged 70 have increased
nearly f400 600 aimee the publication OF their last monthly
return II Ia also stated that the bank does not al
present contemplate any OF restriction.
The arrivals Of gold from Australia and America re-
ceived are likely 70 afford sufficient supply TO the
continental demand during the next few days. No fur
iher Withdrawals have taken place from the bank