The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-08-18
THE LATEST FINANCIAL NEWS.
TEIEGRAPliiC FROM LONDON To IIvkRpoof.,

From the London Tines (City Article), August
The English funds opened with frmpcss ths morning.
q the improved quotations Of yesterday but subsequently
experienced decline OF u per cent further increase
in the dcmaId for money, together with rather less
favorable state Of the foreign exchangci and coatnu.
uniavorabe from tho Paris Doursc were
tho Of the weakness Of the market, Daring tho
day there was a purchase Of $50 oco consols by the
brokers account OF the savings banks bu,
neither this nor the extraordinary Of tho FRO
grcss Of the wheat crops seemed u exercise much lnu
cncc. Tho demand for money active to dry in tho
dscoun, market and at tho Bank Of England The dnat
quotations 81 the french per cents the Paris oursc,
this morning ior 4oc. for money iof 55c for
The end Of tho month, showing, in tho latter CAGE fur
tier relapse q x per cent. Tho prices quoted for
the 1, lower than nny lately touched. The dol
lars and tsr silver brought b. the last West India
steamer have been sold ., advance or I'D dollars
and "a bar compared with the prices obtained for
the arrivals by last mail.
lBrcm rally News (Ciy Ariiclc), Aug. o.
The funds declined 4 per cent 10 day on some sales
coupled With the preparations for the settlement Of The
monthly accouni In consous which terminates Thursday
n,xt. Tue continued demand Cor money stu forms tic
oLicf restraining cause.
There seems no immediate prospec, Of Cessation on
the conn, nta demand FOR gold The demand for money
to day extremely active In all quarters. In the dis
coun,naki The current rates for high class bills are a.
Az PER cent
In the Stock Exchange to per cent was paid r shor,
loans on government security.
osGooD FIELDS CIRCULAR.
IoSpoS. ,ag. r. 1858.
The antcipations OF immediate further rcducton n
the bank rate Of discount have not been realized II IA
supposed that the direction prefer wstng uuu the
suit Of ~ harvest Is rian before making any
change. Although the arrivals Of gold have continued on
an extensive calo from both the United S,,rs aud the
Ia
prevented any accumulation, but the contrary has
lesscned The stock Of bullion which stood at the last
tern at Gl2, al ,st5 10 1l2,ass, syL
Money cut Of coors has been ob'anabiy considerable
under bank rate aG best oils were discounted recently s
low as "a per cert The demand however Is egan moro
active, and money lenders ob lnrg better terms,
ale the bank AFTER being r tine unable u compete
in the market has received hills Tor discount during the
The weather during The past fortnight has been all that
cous be desired for the growing crop and prices OF
cadstufs which had been tending upward, have con.
scgucntly declined Only average yield "a looked for
bu, an unusual breadth ls under cultivation.
SrcAR-lu Russia reduction OF duty has taken place
r. ass on refined and 2ss. raw--ss under previous
rates IN consequence, the Dutch Conpanys large sale
Of Java went as above valuations This for time rave
an impetus 10 market, winch has not been sus.
taincd tie last day or twos auctions having gone OF at
decline q Is. Cd. q: White llavan, IS worth 3ss
as. in bond, brown and yellow TO-, 42s OIL q sis dp
TEA.-A duh market has prevailed for nearly ali des
crlp,ons. Tho China mall delivered on Nolp morn
ing has not affected the market which continues inan
Foochow to June 2Ith The teas had begun 10 ar.
rive Contract teas were 2s It's doarcr than last year.
and the make considered better. Considerable business
bad been done, chiefly for the American market.
Ncx.-The prospects OF the harvest improving have
caused further decline in this article particularly In tho
better qualities Of Bengal, TOR wtoh the sao has been
slow. Cargo and other common descriptions have been
in active request but heavy landings keep down the
pice.
CocrrSxu. have been heavy, and demand
limited. Quotations easier, especially for Honduras
sliddIng Honduras silvcrs arc worth asod 3s.lod;
Mexican ditto Be- I'd 2s 3d. Tho market closes fatty.
IyoRy.-Amercan purchases have given M impetus 10
bya previous good mAkc particularly tor the hrger sizes
The public sales have comprised about 20 tons tho whole
IL which met animated demand at advancing prices,
say OF E2 ca on shc best large teeth.
Corrox--The market has ruled steady Of late, but
without much business doing The adyices by the baltic
however have impaired moro animation 10 the marke.
Fhich clpses rather " layor VI sslleIh