The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-07
Financial Intelligence.
LONDON MONEY MARKET.


The English stock market weaker to day, and
bullion from the bank the less favorable tendency Of toe
the money market, have combined to cause reaction
from yesterdays improvement The demand for money
toasy was again very active both Lombard street aud
at the bank, and full rates exactsd The pressure
was partly occasioned by the final nstament Of 10 per
cent which fell due today upon the fl6 900 loan
The opinion is expressed in many quarters however
that the money market will remain tight during the
sderaton that has ''' tended to we.Ken the the
funds is the apprehension that government CON-
template renewal Of sales Of sto;k hell By the
issue Of the proposals for the loan Of 900 in April
last the Chancellor of the Exchequer agreed t, abstain
fom further sale of savings bank stock until the To-
salments upon the loan should be completed He is
therefore released from this engagement to-day This
Treasury balances the Bank renders the dealers
tous The powers possessed by government regards
the large mass of stock held BY savings banks very
Fxchequer may sell in the market he easily replace
at time like the present when the requirements OF the
securities. It may be doubted however, whether sound
policy would dictate heavy saos from this source 10 face
OF an approaching national loau
ment OF = to q per cent. AT Vienna the money market
isla shade better. The exchange London is quot
gold has eceSed to iax cent and that on silver to
IL Per cent. At Amsterdam yesterday the Bourse was
rather Grmer except for Russian stock which fiat
sign Of recovery from the fall wd:h followed the
cement OF the renewed attempt of the Russian GO
veInment to raise foreign loan.
Conscls, which closed yesterday at SO dv for the
10th January were first marked this morning 81, and
bad receded at the close Of the Stock Exchange to
a. In the consol market money continues to Command
about per cent The Official business report Is fol-
lows1hee per cent consols for account 10th January
Exchequcr bills were rather fiat but scarcely lower in
price, being quoted Is. to4s dis
The foreign stock market was rather atter in ehara:
tar hut a1uf a.
cent closing at x The scrip Il the New Four our
% ssses sess e
sive Bonds Portuguese bonds also rmer, owing to
imports in connection with the presence in this city of
the Portuguese Minister OF Finance Some TRANSACTION
recorded in Buenos Ayrean stock at 81 and 55K,
minus the dividend Of per cent At the close Of the
1914 to 2o Peruvian -Four and Hafper Cents "a to 7e
Bs.5an Fys per Cents SRohsehld ooH alto FIVE
per Cents for account 2sth Dec, 20. Peruvian Four
and and Half per Cent: for account rs Russian Four
Four per Cent Scrip o ss Sasso sss
Dec, s,2Y; s% dis Venezuela One and Half PEI Cent
It spprehendsa that the stock of bullion held by
ss hn psnss rs ssy @ @
freely from the bank yesterday for expectation to tn,
nnent known to hold orders for the remittance
Of some further considerable amounts. An mpres-
sion prevails that these Withdrawals come sted
with the new Russian loan, which is stated to meet
with f0me favor the Bourse Of Amsterdam owing to
the owness Of the price which Russia Is willing &C.
cept for this five per cent stock Whatever sum may be
raised through this negotiation must II is evident be
RENTED to Russia in gold 1t is only from bullion
loan that relief can be derived by the Russian govern
ment To procure on adequate supply of the precious
metal It presumed that application Wal be made chiefly
to the London market.
The foreign exchanges this afternoon we're generally
rather lower, including Paris Hamburg, Holland and
Austria. The market is believed to be affected
by the Russian loan.
from the London Times fCfty artice) December 1871
The quotation OF god at Paris Is about per mile
MUM according to the last tariff, which at the Eng.
ish Mint price Of 60 It's 10d per for standard
gold gives exchange Of 25H; and the exchange at
Paris London at short being 2522h, I. follows that
gold is about OBS per cent dearer In Paris than 10
London.