New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-03-04
iince the eth inst

Fri. l5.......sl1 OFT %l 9oi SO sos
The fall on Friday was occasoned solely by the
nouneement Of the new loan.
The return from the Bank Of England for the week
ending the 9th Of February gives the following results
when compared with the previous week:
Public deposits 456S5Z7 Decrease 80
Rest .................. 3492 so lnerease S2fs3
On the other side Of the account:
Government Securities u 422se Deerea'e $50 600
Other secuiies ;......''. s6s4S pecrease-' Si31S
The amount of notes in circulation is fls, SOB ,375,
being decrease of f3l7 200, and the stock of bullion
in both departments is flO 6l3,7l9, showing a de-
crease of f92 l57 when compared with the preceding
return.
These changes, says The Neps, not unfavora-
bic. Notwithstanding the commercial pressure for
money incidental to the 4th of the month, the
"other" securities, winch in the previous week
perenced the extraordinary increase of &, l65sn,
have now diminished by E34s, O6s. The decrease of
100000 in the Government securities must be
chiefly attributed to the further repayments of the
temporary advances recently made by the Bank to
the Chancellor of the Exchequer. This of course
checks the upward movement of the Treasury de-
posts The coin and bullion exhibit slight falling
eff.
The Bank of France returns favorable and par
taly account for the recent animation the Bourse.
The Bullion has increased ESQ OOO the Treasury bal
ance $500 600 and deposits 900 0O0 and the notes in
circulation f792 900. The discounts have decreased
fa76 600, and the Bank has shown its confidence
with regard to the future by resembling the resolution
not to discount bills having than rs days to run,
and returning to their former limit of 90 days.
Tie continental advces continue to describe very
favorable tendency in all the rates of exchange. At
the same time the general demand for money is I'M
abated, the charge for discounts at Hamburg having
advanced to 81 p cent, while at Paris nothing can be
obtained below the Bank terms.
The London Times says:
The Governor Of Mississippi had Issued his message
TO the Legislature of that State recommending the
APPROPRIATION of 5000 900 annually for the encourage
mtn Of railroads. but saying nothing aooaI It's ueoIs
either as regards the amount repudated or the amount
acknowledged but not paid. lie IL accordingly re-
minded by The NEw-YoRH TRIBUNE that, although
Mississippi greatly needs railroads. she needs common
honesty Still more.
The funds opened favorably this morning, and soon
attained fresh rise of TO e cent. ms was not
lorp maintained but the market exhibited consdera-
HE steadiness until toward O'Clock, when fall took
Mace. The total reaction from the mornings advance
was as much as J 2 cent, but the reduction finally
established as compared with the closing quotations
of Yesterday did not exceed / to z cent. The de-
cline of the afternoon was partly attributed TO an in
crease in the demand for money the stock exchange
The rates upon Government securities advanced TO
to 3 cent. The depression was in great measure
caused however, by reports that funding of ex-
chequer bills il contemplated by Government.
From The Times Of the lsh.
The English funds opened with increased buoyancy
this morning and were well maintained up TO the
official close After regular hours, however, there
was considerable reaction. COnsols for money which
left off yesterday at 9l to %, first quoted go to
J. They then ranged between 81 and 92,, the latest
authorized transactions being at 90 for money and 92
for the 18th of March. Subsequently sudden fall
occurred until there were sellers for the account at s2
but at the latest moment there Were buyers at tha.
price The cause of the decline consisted in a
that the Government intend to fund the nine millions
of Exchequer Bills now becoming due and the notice
for tie paying off of which may be looked for at the
beginning of next week With regard to the accuracy
of the report nothing of official character transpred
but il is generally considered that in the present state
of the Money market, even If the rate OF interest
these bills should be raised, viii certainly be neces
sary for portion of them to be Withdrawn by fund
ng to enable the remainder to float.
The pressure for money in the Stock Exchange to-
dsy was extraordinary. and was much increased by
the settlement in the foreign market. Instances oc-
cured of cent being paid for short loans Gov
From The Ne.rs Of Saturday. Isth
Considerable excitement prevailed in the Stock
Exchange to-day, owing TO the announcement, shortly
after the commencement of business that the Chan
celor Of the Exchequer wishes on Monday next to
meet gentlemen desirous OF contracting for a new
loan. The terms upon which portion OF the boat
ing debt is to be funded viii al the time Be made
known.
The almost immediate effect of this notice was a
fall of II 2 cent in the funds. In every other depart
mept of the Stock Exchange much depression also pre-
vailed but the fall comparatively less severe than
| that in Consols. The shock was the more severely
| felt owing 10 the announcement having taken most
pesons completely by surprise In some quarters dis
| cussions have been going lately a. regards the
| probable measures of Government for renewing the
Exchequer Bills falling due in March, but therew an
evident disposition to calculate that the raising of
new loan would be deferred until toward the end OF
/ March. Ii was thought that Government would be
desous of watching the Of the conferences be-
| fore contracting loan, the more especially as the
| money would be raised upon much more favorable
terms were pesce virtually secured. Althoag, these
| calculations have been proved erroneous, there Is
no disposition to question the wisdom Of the pOicy
| pursued by Ministers. The promptitude witt which
they have come forward for fresh supplies is regarded
as indicating their intention to relax in no re1ect in
preparations for the next campaign, and therefore
| meets with general appreciation. Ii Is not ,bonght
that the impending financial operation will be. very
| extensive one. During the day the more general
| opiuion pointed to ten million loan ami fund
ing of FIVE millions of Exckequer bills. This after
noon however II was stated in quarters usually well
| informed that the loan viii be for five millions
only and the funding likewise to the extent of five
millions In this case the permanent inhuenoe eyer
cised upon the stock and money markets viii hardly
| be great An exchange of five millions of Exehequer
| bills into stock involves 10 fresh call upon the
market A new loan of five millions could
| not occasion any material disturbance The
chief effect will be experienced during the few DAYS
when the deposits of subscribers viii be locked I'D.
| 10 y cent deposit ppop tive million loan would