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


Notwithstanding the exceedingly unfavorabe char
Of the Bank OF England returns, the consol market was
buoy ant the l2th instant This oGly be
for the supposon that the exchange has
favored with much earlier Intelligence than usual OF what
the bank returus would show. On saturday last the
market heavy, under the in OF decrease Ia
crease Of cay LOCO 900 IN the ouon and increase
g. 600 600 IN the other securities besides tho
notes beng reduced to s277booo the market actually
improves.
From the London News, Oct l3l
Great secrecy continues 10 be observed In the With
drawa OF gold from the bank for expectation, but
known that At least flooo COO was taken yes eriay Tn
Bank OF France continues buyer OF gold In tns mar
ket, as is position imperatvcy demands, and there
seems prospect whaever that these purchases win
cease but assured that there foundation for
the tran, mttcc from Paris that the Bark Of France
has just entered into coniods tvi,h emsnsn parties 1. Lon
don Jor the supply or fzed ifm Of f6se0 900 ia g,d
The overdue supplies Of gold from Australia are imps
tiently awaitec inasmuch they would for tue time
obvae The necessity OF having 10 the bank for
the means Of meeting the foreign demand for the pre-
cous metal scarcely necessary 70 remark tnat the
movements OF bullion are watched with the closest si,en
on owing to the general belief that should the exstng
OF discount prove insufficient TO check the drain
upon the banks metallic stock, further advance In tae
bank terms will be made.
The Gas dc, Tioanaur of Paris after publishing the
late ronoe inserted In the MoneT relative 10 the spccu
lston OF sweating and melting down coin, says-rhe
melting OF coin having legal currency has ~ all times
been nerdcted by the French laws Former ordinances
which have never been abrogated prohibit that practice
IN the most express manncr-namey, the roya doclss
ton OF the - ia OF October Ill., the edct or February
Those different forbid sversmiths jewellers
and other workm.n In gold and silver deface and msl
down coin current in the kingdom II Is also expressly
forbidden by those ordinances 10 purchase sell gold aud
silver higher than that paid for royal
mint decision Of the Money Court OF the Soh OF septem
ber 1882 sheh also has been repealed forbis all s
ver,miths, jewellers workmcn and every other person
melt sold silver current Ia the kingdom and 10
melt metals at night or Mt unusua hours under the sever
psnsres Before the penal code OF the 2sh OF Ssp,em
ber 1871 nlo force the penalties inflicted for vioA
tion Of the above ordinances werefor melting CON, hard
f.kzx f.x 49, nhn4.
rate conhscaiou and a hnc OF 900 livres The penal
code OF 1871 having declared, In It's last article that all
the deeds held to be criminal before iu promulg alton
and To which had not ma nained that character shoud
be correctonaly punished, the melting Of ,n n mere
msdemoanor The purchase OF sale above the iegs
rate has preserved s original character and s punished
by ene Of 5000 francs.
From the london Pos, Getty artlcle), Oct L.
The market for public securities exhibited SYMPTOMS
Of change yesterday and the tone during the later
hours OF business has been decidedly less arm ihsn
Saturday a, the Mt Of basiness In
the mornitg Tho proxmate Of this changed feel
ing has been the infusion OF doubt whether d
OF the bank have not yet In view further advance
IN The bank rate OF interest, with the object Of cneckng
the export Of the precious metals There was long
sitting and discussion m the bank parlor, and 10 in
ierred hat the made up 70 Saturday last the
subject upon which the discussion took place. II T.
rumorcd the In the bu lion will be found 70
million sterng and ~ II s evident that the
demands OF France are far from being satisfied aud are
likely TO be foose ed By absorption Of bullion by
otner Continental Powers Of equal II not greater magni
u1e 4 becoming very serious question as 70 now
winsiood The directors Of the bank however. did no,
make any change; but the very fact Of their having
been called together, and been 70 long In cousua
lion, j. proof nfereniial OF grave state OF affairs
there has been report current today, that the
French government have contracted with Hebrew hrm
the supply OF lees than six and half millions
bullion within limited period. II Is also reported thsl
tho concession Of the Russian railway system has beer
made, and that amount Of ten millions annually for
years ~ have TO be provided 10 carry out the term
of The contract entered into. These natu
rally given rice TO some uneasness with respect 10 the
future but yet the value of the funds has much
snected by them, although they caused the market 10
close heavily.
In the money market there had been an increased de-
msDd Tor accommodation, and especially owsrd.
the afternoon Rates are quoted fully high AZ the
banks minimum.
In the foreign stock market business has been rather
active and prices have been fat
From the London Star, (city article,) Oct. IL
Money has been tight and extreme have been
CURED In almost all cases though In the afternoon OF
yesterday there was rseher case. The discount
houses are In good supply. vague apprehension pre-
walls that the Bank Of England may find II necessary TO
make further change In the rates In order protect us
stock OF bullion against the draia upon French
About f40 600 Was taken out to-day, and ESQ 900
saturday Ia stated that Messrs. Rothsc Mid have
uacted with the Bank OF France TO supply gold 4, the
drswsls Just mentioned this The arrival
Of about 100000 to-day IRON the Unted state, will
probably the demsnis upon tho baak fall or tor
short time, hut N IL understood that they
Fumed any day We still without arrivals from Aus
uaha, whence a large amount is now due
From the London Herald (c'ty article), oot IA
II was hoped last week that the vigorous turn then
eivtn TO the screw would have suffice
object proposed by the Bank but although the directors
als xfe1 ak.Nf