New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-05-28
roads FOR Ami, as far as published, are:

| Tie steamer to day brings favorable commercial
adyices. In consequence of the unexpectedly small
amount of the loan asked for by the Chancellor of the
Excheduer IS 1000 900, Consos had advanced about
| 3 cent, closing at 93i 1914. The Money market
was still stringent but ease was look for soon. The
private letters written in cheerful tone, and the
writers anticipate early decline in the Bank rate OF
| interest. In American Stocks there not much
doing but the market steady Cotton and Bread
| stuffs were without important change.
The Chancellor Of the Exchequer in his interview
with the leading London capitalists, sad
81 think that in order to prevent any msunder-
standing should perhaps tell you that the loan when
il now proposed is calculated to cover the whole OF
the estimated expense of the year, with the exception
OF 80 600 000 and that propose 10 take power to
iseue securities, probably in the nature Of exche9ger
bonds with the alternative of issuing exchequer DIS
in case the market should be favorable to such an
operation. This 70, 900 will under no crcum-
stances according to my calculation, be required until
the end of the present year. and perhaps not until the
first quarter Of next year, and 1t Will cover the entire
estimate of expense which Is now before tne P1onc
for the year. II will be in the discretion OF the Gov
eminent TO determine what course shall be pursued
in case any excess of expenditure shall be incurredi
but at present have no reason to expect that
there will be any excess.
"Mr. Chapel-Is it intended TO fund any of these
excbequer bills
"The Chancellor Of the Exchequer-It is not my
present intention to take any steps for that purpose
ect of tender; or, if not, what course will be pur
sued
will be Debit With IN the The usual Way u%r precise
win depend upon the expenditure OF the year
and the produce Of the revenue. need scarcely tell
you that, as il is difficult to estimate the expenditure of
war; II is asO difficult 10 estimate the expense OF
bringing home troops, which il one OF those things
which out of the ordinary course. IL il, there
fore, impossible that the Government can know
whether not the whole of the ~ 0O0, 900 will he
quired. OF course the Government will issue the
ourtes in the manner which will be most convenient,
and in which they will be most likely to obtain good
terms. The powers taken in the act will be OF the
usual kind.
The London Shipping and Mercantile Gazette of
the evening of the 18th inst. says;
"Tbe Money market is easier and tighter by fits and
starts for while money lent on the Stock Ex-
change yesterday in quarters Ct to b cent in
other places il worth only A to T. cent. Out of
doors there is discrepancy about current rates,
for while certain houses do nothing under 8 cent,
Others discounting irsclass bills for 81 & cent
Capitalists preparing for the payment of the
deposit their application for participation in the new
loan. This necessarily acts on the market"
The gold arrivals in England for the week amount
to 81 500 OO0 Since these arrivals the Ocean Chief
and the Invincibe, from Port Phillip, had made their
appearance with 10000 of gold valued at
$3.50, 900.
The Times of the 18th says:
"Tbe English funds opened steadily this morning.
and in TIE latter part of the day experienced an ad
vance Of three eighth, per cent The first quotation
OF ConsOls for money 925 TO SO, ard they ranged
between 92i and 90 until after the interview between
the Chancellor Of the exchequer and the capitalists
tho new loan, when they improved TO SO to 93I for
money and 93t 70 93i for the ith of June. After reg
uar hours, increased buOyancy manifested, snd
operations took place for June at 93 to 93i
The cause of the animation consisted in the statement
of the Chancellor ofthe Exchequer that further loan
in Consols is contemplated after the present one,
and that the utmost limit Of any additional re-
rtft - civ m he fyytf
should be called for, will be raised in Exchequer bonds
or bills about the commencement of next year. An
neIt asing anticipation of more easy state of the
money market consequence Of the arrivals Of specie
now taking place likewise contributed ~ support
prices although it Is expected that the temporary
pressure for the pOet of 10 g cent. all the appl
cations for the new L an will be severe"
The new loan of 100000 10 be taken on
Monday 10Th inst, and the first instalment to be paid
on the following Thursday.
The London N,rs of the 18th says:
The DE- mand for money to day active in nearly
all quarter. In the Stock Exchange the current rate
Identical with that charged by the Is snk for loans
on Government Securities, viz, 2 cent Until the
release of the surplus deposits the loan next week
the market must be exceptionally disturbed, the
aggrs gate Of the subscriptions, viii doubtless be far in
excess Of the sum required by Government.
AT Paris to-day the Three per Cent. Rentes closed
at IS for money and 1880 for account, showing |
scarcely any variation from the final quotations Of
yesterday Bank Of France shares have advanced to
}OOOf. Yesterday was observed holiday on the |
other contiI ents Sock markets.
m..L.s. C,prvrrr PyPoRryn FOR The TRrprSr |