The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-09-30

From the London News City Article, Sept. II
The Stock Exchange today experienced entire
change Of appearance The feeling OF vague panic which
prevailed at the close OF last week. and vesgcs Of which
still observable yesterday, has vanished In every
quarter purchases have hugely preponderated snd the
immediate result has been important recovery from
the late excessive fall The rally consos is fully half
PER cent In the railway share marke. the recovery
general, and varied from = TO IL per cent The
prices quoted the close OF the stock Exchange were
the best Of the day, all the markets leaving with de.
eided hfmness The money market exhibited
feature; The general demand continues good, without
change in rates AZ Paris yesterday the account price
Of the three cent rentes declined per cent and the
money price - per cent Todsy the Bourse closed
expectations. the G25o 900 in gold ex tie Sandman
Ia readily taken by the continental buyers ere Il
probability that a considerable portion viii be seas into
the bark In the present stringent state Of the money
market expor Of sold experienced difficulty 10 raising
the heavy sums Of money necessary for The conducting Of
their operations.
From the London Times City Article, Sept III
The funds have been more steady to day, and have
closed at recovery Of 4 per cent The rally seemed
due solely 10 recognition that the present position the
money market IL entirely attributable 20 temporary and
exceptional circumstances and that, although even an
Increase OF Inconvenience may possibly be felt during the
few weeks there nothing 70 weaken the character
OF permanent prospects. The demand for money In
.ne :, ,sa a.. % o w yery acnve and the
These may be attributed partly the prepna-
tons for the payment Of the last loan nstallmen,
nursds-. The possibility OF an advance 10 the bank
rate likewise operates TO indsce all persons provide
themselves although the anticipation OF such movement
appears for the moment 70 have diminished.
THE ROYAL BRITISH BANK.
Tho writer OF the Tins city article says asserted
that II IN provision of the charter requiring u dssou
ton upon fourth Of the capital being lost had been
treated worthy OF the smallest attention. the concern
would scarcely have PASSED into second year Of exist
The first part Of the affair wiI appears prove 70
consist Of series Of such persons could have
adopted except from studied determination 10 make the
bank scspegoat or their own spccuations and necess
ties. Thus the advances 10 individual directors a. well
TO the general manager and the securities taken
carried Tor periods which doubt as 10 the
aspect Of the transactions. correspondent trans
mted come documents with respect 70 which there can.
notbe much mistake 1bey dated within Of the
stoppaee OF the bank and contain urgent invitation 10
the persons W whom they addressed 10 ion the
direction consisting OF gentlemen Of undoubted means
and possession the manager being meanwhile prepared
6 afford the fullest information.
mercia tems.-
nothing Of interest," but IL believed the silver qus
ton occupying much attention among the various gov
ernments ard that conviction growing 10 France and
elsewhere that gold standard must soon excusi vely
be resorted 10.
The specie BY the West pds steamer A,ratos Elee ooo
OF which Gg2 COO IL gold and fTi 0to silver
The Bank OF London IL 10 be admitted 70 the Bankers
Clearire House on the LET ~ October,
yesterday when there appeared majority Of sac 70 In
favor Of The dissolution Of the undertaking Negotiations
Tor the sale Of feet stated 10 be active progress
Ine following dividends have been advertised for psT