The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-01-12
Markets.
THE ENGLISH MONEY MARKET.

THE ENGLISH MONEY MARKET.
LONDON, Dec. 2i-1 r NJ.
There is particular alteration in the aspect Of the
money market The discoun. business is confined chiefly
to the Bank OF England, the discount brokers and the
joint stock banks The city private bankers are doing
little Their customers placing their surplus depo
sits call with the joint stock banks AMI the discount
brokers.
reported that in consequence of the drain upon
the Bank OF England during the last few days for both
gold and the return for the present week WIN show
great changes.
The aspect of the English stcck market is unaltered
Prices steady and hrmer than ohec Se but
there very little going either by the public the
spectators. Ccnsols $50 to ss5s.
There is no fresh movement observable in the foreign
market.
Railway shares attract scarcely any attention from any
one, but their value is steadily supported.
Canada land shares are down to 14o to las, being
much less than these of 1854 The company will distri-
butte FL per share the 10th january out Of surplus
profs.
Consols steady at sSsS to x, with scarcely anyth
doing.
Canada lands are down to 1888 to 143 being 81 lower
From the London Standard, Dec. d.
FRIDAY, Dec 20-Two O'CLOCK.
Notwithstanding that the present demand for increased
pecuniary accommodation by the mercantile body is
knovledged to be Of itself of temporary nature, and
likely to at the turn of the year. serious migvings
easier state OF the money market will hercupon super
vene There many causes for this feeling at pre-
sent in operation the chief being the default Of large
and continuous arrivals of gold, the generally un
satisfactory position OF foreign exchanges, the GER
tanty that heavy remtances Of bullion must short
y be made of the Turkish loan and the prob
bty Of a government loan being negotiated cary
year. There are in addition to these grounds of apr
henson many others which bear in the same direction
but which it is not necessary to euumerae at
The quantity Of gold known to be route from Australia
il by equal our Requirement g. since the de-
ma nd from the Continent continues to cause reglar
absorption of all the gold offered for sale in the marke
and also weekly diminuon in the amount held by the
Bank Of England We have also large balances to psy
the United states for cotton and other ole
articles of import thence and exports 70 that
part 81 the world ey no means n ,a the ratio
cent commercial legislation were apparent. The shin
ments of silver to India and China continue very large,
and the pay for the army and works in the Cmea tor
not item in the demand for the precous
metals. To meet all these add ,nal drains upon the
Of the country the government has
to the emission of fi75o notes in addition to the 81
of f14 0OO.0 eco previously issueable, without
pondDg amount Of bullion being in the bank vaults II
will thus easily be That the idonal issue Il per-
fecty Inadequate to meet the equrements of the public
and TO the peril which the Bank Charter Act
another turn Of the screw will cause the
classes to demonstrate forcibiy with the
the inquities Of the present system of currency aud
lead TO the adoption Of sounder principles.
WRIGHT, JUNIOR & co.'s CIRCULAR.
LIVERPOOL, Dec 81 1855.
So little of novelty has occurred In produce mar
kes since the sailing OF the Pacific which took out our
circular of 14th inst that deprived OF matter
sufficient to impart than ordinary interest
ad,ices. Political rumors are o: the same vague aud
uncertain tenor and until government requirements and
the intended for raising the necessary funds
for carrying the made known the course Of
monetary affairs must necessarily their pre-
unsettled aspect This feeling i paramount In the
minds of all tina. spirit is nfu ed into bnsness
progress, and caution dictates prudence In limiting
operations manifested particularly In cotton !.
which continues void Of all animation in spite o. q ii
mini hing stock, large consumption, small receipts ia
immediate expectancy and various opinions tn the
extent Of future supplies The demand this week Ia
been chiefly confined TO the daily wants of the trade
which hooers bave met with freedom and though the
sales TO average extent prices have been main
iained with difficulty. Adverse winds again prevail to
The prejudice Of shipping interest well TO the
tation Of greater selection.
The market 10 day closes with dull feeling the sae-
estimated Mt 900 balesl 500 to Spectators and
porters--at the lowest rates OF the week.
IL WIS officially announced that the large quantity 81
81 bales had been exported from the port Of Grmsby
and not hitherto included In tables and which ere
now reduced from our stock
The total sales If the week amount 70 90 o0 bales "a
which "a, $50 American. Spectators have taken
26e0 and exporters $40 leaving 81 900 bales of ell
Kinds TO the trade.
TIE rapor. for time Is T. a95 bales Of which
20, S11 are American.
The quantity known 70 be a. sea from American por
ia about 125, 600 bales.
In The uripg dstrcts little new business Is re.
ported bus existing engagements extend some time
ara The abfence Of stocks either the hands Of s
ners or manufacturers both goods yarn are rra in
pIiosn some instances higher Such s the sound.
es- de that neither dstrust uneasness follow
In The wake Of some heavy failures announced this week.
The arrivals Of breadstuhs being heavy during tho
week upder review sensbly affected oy corn market,