New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-11-26

II,
viii be crsmped. The general soundness Of the com.
merce OF this country however, has already beea f1y
tested and il not in this direction that serious sppre.
Lensiops sIe entertained The chief immediate IoecI
o. anxiety s the situation of the French money market
which must derive additional embarrassment from each
feeh defensive measure Ct the Bank Of England.
Great anxiety is expressed TO learn the nature OF the
forthcoming monthly return of the Bank of France,
which will be published 10 morrow Friday. Pending
the publication Of this document we viii merely re-
mark that TO days movement at the B,nk OF England
has revived the recen. discussions a. 20 the ultimate
ability Of the Bank Of France to svoid suspension of
sssh payments.
TIE Lombard-street discount houses, following the
alteration in tie terms Of the Bank 20 day raised the
rate of allowance for deposits on can from g cent
a, which It was fxed on the 9Th October 10 = cent
II remains 10 be what influence this eItraor Ina
ry bieh rate viii have toward attracting better sup
ply OF Money. The joint stock Banks have not yet
announced any change but similar advance is eI-
pected 10 be decided upon by them tomorrow. In the
Stock Exchange to day Money was in increased de-
mand, at about q cent for loans on Consols until
the 4 December.
From ,Ae Tine, Of Friday, I4shJ
Thursday Erening.-Ihe Bank Of England have
resolved upon an advance to uniform rate OF per
cent.
II was on the 9Th of last month they adopted per
cent for bills not having more than two months 10 rum
and Der cent for all bills two and under three
months. There will De no distinction between the
two classes of paper.
At the same time the course adopted the day before
Yesterday of declining TO redlscount bills for the brok
having than 80 days 10 will be persevered
in. This however is not a matter ofimportance since
II practice constantly resored TO whenever the i'm
mediate prospects of the money market have been of
gn uncertain character. Moreover, the usual monthly
loans will be made all bills maturing within % days.
The announcement of the advance 10 : T. cen,
stoned considerable surprise. Last week general i'm.
precision prevailed of the ssiblity of move
ment, but the anticipation had since without any very
lmo.f suh idef thais
there has been every disposition TO recognize in il
continuance OF the sound policy which kept the fuan
cial world fee from all shocks during the war; and
which has thus far ayered the possibility of being
permanently damaged by tina subsequent break up OF
the continental imitation.
In the five weeks since the last advance notified
the Bank bullion has undergone further dlminu,on
OF more thsL million, and the foreign exchanges hsve
in many quarters become less favorable, while the ap
pcsons for discount have lately been scale again
TO trench on the reserve of unemployed notes. The
fact is also TO be noticed that these immediate changes
are not to be attributed to any unsound action the
part Of the Bank Of France. IL such were the
new rise in the rate Of discount would scarcely be of
much use. But that establishment for two or three
weeks past has abstaned from its irregular operations
and the French rate of exchange has consequently again
approached point at which gold mig ht be sent away
in ordinary course. The question wss, therefore,
whether this condition Of circumstances was TO be al
lowed TO 60 on. 1t s true the arrival of the overdue
gold from Australia might exercise an influence on the
which would react well this side, but it could not
do more for the moment than prevent the money
ket from becoming worse, and the thing desired is an
action that shall put end If possible to the chronic
uncertainty that prevails, and produce If only in
very gradual manner. q turn of the tide. Wha. has
now been resolved upon msy not even effect that 90
iect and it is quite certain ii will not do more. That
it lie measure in the right direction must therefore,
be beyond question.
Meanwhile, it cannot be too distinctly repeated, not
only that the present advance should be viewed with
out the slightest commercial apprehension but that the
public might still remain free from alarm, whatever
rate might be adopted. What is going on is merelya
scramble on the part Of other countries for our money
ard TO avoid final crash in their speculatons they
are ready to offer anything; they win of sue
coed unless take TO keep up the full range of
thing else, cannot complain Of this position In
fact as the character Of the drain upon US give,
evidence that We are the only people who have any
TO spsre, and that We are still lenders rather than
borrowers it is the most satisfactory ground could
occupy. II would be better for commerce to be
free from such disturbances altogether, but If they
are to happen We could not find ourselves in state
of greater security than that which now exists. If
our manufacturers obliged TO pay per cent for
their capital all other manufacturers are obliged to
make greater sacrifices and hence, our power Of COM
petition not being injured, we have only to make
proporonate increase in the charge for our produc
lions. Indeed as It is plain from the extent of
exports the guarded nature Of trade sufficient
haryes and our abstinence from commitments from
foreign or home enterprises calculated to absorb our
means that we have not laid the foundation Of apy i'll
eonse quences may rest assured that the only duty
we now owe TO ourselves is to have faith in
soundness and not to allow the real bearing Of such
measures as the Bank have lately edoyred to be ME
represented made in any quarter the cause of idle
panic.
The quantity Of Flor, Wheat, Com and Barley left
at tde-water turing the Sd week in November, in the
years 1885 and 1856, is as follows:
rlonr bbls Wheat bu Corn, bu. Barley bu.
lass. 81 986 4oo,Soo sp5oS Ss ea5
lss6.........s6,752 ya,So '''o 49,
Decrease. 5.S4 Inc 5oo,Sl Inc. Ss,ooi Inc: s's'
The aggregate quantity of the same articles left at
tide-vater from the commencement Of navigation to
the 2od of Now inclusive. during the years 1855 and
1856 is ss follows:
Flour bba Wheat, bs. Corn, bu Barley, bu.
les5.....l,ltslsl 4,46s,9n 97@.5SS 1881
is56.......lt Ss 9of 10 N6,lSS l0l74,7o% ls5s,0l8
Decrease los ~ Ine5sS7 242 Inc. s76 Inc 800 ST
The aggregate quantity of the same articles left at
r.