New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-11-01

GOVERNMENT SECURITIES.
Messrs. Berenburg, Gassler d Co., writing from

Messrs. Berenburg, easier d Co., writing from
Hamburg, say:
"HAsBusG. Oct. 4-Meney remains in demand at
cent for DISCOUNTS and higher rates are Offering for
Iosps ON stocks and shares, which, consequently, re
main neglected and depressed. large amount vi
y cent United States bonds 1863, however, has been
done at 90. Exchange f'3 at which there are sf'li
The London 7ime, OF FRIDAY, 18th, has the en-
nexed remarks:
THE anomalous conditin of the English Money
market remains without mitigation, and the funds,
after some extensive fluctuations, have closed this
evening at further decline Of = cent. Conscs FOX
money, which left of yesterday at 81 99li, opened
with animation at 9li d9li, owing to very general
report that the Bank Of France had suspended specie
payments II was seen that If such were the case the
artificial demand for Gold now existing on this side
would at once cease. The statement, however, ap-
peared TO be totally inconsistent with the eA-
during the last two days, and a relapse took
known to be connected with the Paris bourse
then caused a renewed belief in its probabil'
cent, transactions having occurred at elt Inc
ronarrival of any official confirmation soon
Produced a fresh tendency of reaction and at this
teriod the market further affected by announce
ment that the Bank of England had declined 10 make
adv ances on any Government securities except Exche
auer bilk The Court of Directors bad held pro-
1S, % snS an Ss
deci.ion was made known. Every department Of bust
ness was sfterward exceedingly heavy, and Consols
gradually declined until they reached 81 for money,
and gil a for the 9th of November at which they
remained 10 the close. Nevertheless, the pur
sued by the Bank admitted to be perfectly sound.
The applications for discount are still extremely large,
and if at the time the wants OF the Stock Ex-
change were to be supplied, the Bank would be
PEELED either 10 adopt another advance in their rate for
commercial paper or resort to sales OF stock on the
own account
The accounts from Paris to-day regarding the Bank
~ rafhp
reliable intelligence there is no alteration IN its position
Other writers question the accuracy OF the favorable
statements transmitted day or two back, and others
again assert that the stock Of bullion receiving nu-
merous additions especially at the branch banks. IT,
after the purchases just effected on this SIDE the &C
counts should during the next week appear unsatsac,
tory the prospect OF specie payments being maintained
an issue of notes is contemplated of O and 5 each
The Bank of Amsterdam have raised their rate Of
discount from Il y cent At which It was h1ed on the
2td ult., to cent
The money writer of The london Herald says:
One measure of restriction after another has followed
with rspioiiy and long ere the mercantile community
have had time settle dow under one change they have
been called upon to bear with another HOY long these
spa.modc changes be endured without disaster Is
question which IL in the mind of almost every CONNER
cia man. and the only wonder seems TO be that the
mercantile community have been able 10 sust. the
pretsu go well as they have hitherto done.
There must be limit, however, and, judging from
past exrerence il would not appear mprobable that
that limit has been almost reached, when it becomes
an mperous necessity for the Government to take
steps 10 afford the relief which is otherwise impossi
bic can be obtained. 1t is stated that appeal
about TO be made to the Government for the permits
sion TO issue considerable sum in notes-in fact, viz
tualy 10 repeal the Bank Charter Act Such is the
report in circles generally well informed and most
heartily to be desired that such step should be taken
without loss of time. |
The Moraing Post also slludes to the report above
adverted to, and regards the measure favorably.
The Morning Chronicle rays |
This il an act of necessity, but II beepeaks m lst
forcibly the actual position Of the Bank. They must
have either reeored to this else have again rased
the rate of discount Their loans securities there
fore must be confined TO within q very narrow CON-
pass. and, consequently, the repayment Of the loans
already grated will place At their disposal good |
round sum in notes wherewith TO meet the demand for
discounts. The repayment In few days Of the out
standing advances viii necessarily some pressure
for money both the Stock Exchange and out Of |
door, and may bring stock 10 market Under any |
custances has tendency to cause increased de-
preston in the funds"
tn, London Shipping and Mercantile Gazette of
he evening Ct the 18th met. Gays:
The rumor in circulation yesterday that the Bank
of France about 10 announce suspension OF spe-
I've pay men:e proves to have been untrue Ii Is said
however ba, il lie only the resolution Of the Emperor
which prevents sueb 9 nessu'e taking place. The |