New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-11-26
Mr.. Satterthwaite says
RAILROAD hoSDs.

Since our advice, Of the have had quiet
week the stock market Pce. have been a..ned with
sco the Bank of England in raising the rate OF discount to
clase es :. ana for Money! and for account
II the shares Of the Atlantic Telegraph Comps
ny axe nearly i not al taken and t"neTeS
TIE rumof bsil Credit MOBILIZE Company had taken the
intimately connected with that institution deeply Interested
There a: been dull market m American Securities dur
ing the past week. Prices remain without any important
chsnge some of Illinois Central Freeland Bonds
have char sed hands at Sd!.
The private letters by the Persia arc calculated to
alay any apprehensions which may be excited by the
newspaper accounts of the money market. They are
uniformly cheerful and look for the gradual passing
away without crisis Of the present financial embar.
rassment in London and Paris. One from London
banking firm to its correspondent here Gays:
The news of the increase of the Bank Of ENGLAND
rate Of interest will be rather unexp~ c,ed in our
market, but we trust your own p,sion is now SO
souId that prices of securit,.es win be little more
affected than they have ben here The necessities Of
FRANCE and the Ccptie generally for the currency
REQUISITE isr ih present great expansion OF enterprise
has n,de money dearer. The stringency does not
aIisc from causes Of distressing character, such as
Var or famine, but simply from an unusually large
amount Of business doing all over Europe, based upon
very bad accountantshp. We think we have eeen
the worst Of il for this country, and IN lew
months We expect 10 zee very different sIae
Of affairs In the meantime We look anxously tor
American news and the result of the election. Recent
events here shoud tend 10 direct more attention to
your securities and look confidently for that result
Il all goes smooth your side. The Russian scheme
will f1d no support. French and other European rail-
WAYS are out Of favor We think that there are good
of large business in your stocks and bonds
| In this market before long
Messrs Stolterfoht, Frost n Co. say:
"LnrRPooI, Nov. li-There Is considerable ac-
Il, i,y in some branches Of business and several at
ces have again adv anced in pricesugar for instances
but speculation is checked by the state Of the money
market The soundbess OF the commerce OF the coun.
try is urdoubied but tie number OF railway and other
schemes sdoat particularly on the Continent, would
absorb apv amount Of capital and the Bank of En-
GLAND appears esirous to prevent further drain Of
specie FOX such objects. To this may be ascrbed the
limitation put by the Bank to Its discounts OF simple
banking bills and the advance OF It's rate OF discount
| yeeterosy to q cent generally
Under the hesd Of Hamburg, Nov. IL, Messrs. Der.
| enburg, Gasslee s Co write:
Money was comparatively abundant since our last at
70 s. = cent but rather heavy order for silver from
the Interior caused better demand for money again
m 10 4 cent Stocks and shares remain on the de-
cline under the influence OF simar state Of things in
| LONDON, Paris, Berlin and Vienna
TIE Losdon SliYpiag and Mercantile Ga-etse says
THE decision has csused surprise but it has
net produo I'd any uneasiness though il will asuredly
put stop to all speculation and much legitimate busi.
ness.
The same paper, under date Of q O'Clock, on the
18th inst. thus notices the Money maket:
There Is net much business doing in anything but
the market Is shade frmer throughout. Consols are
now e23 to for money, and s2s TO for the account
Money has been in great demand on the Stock Ell.
change to-day, 8, from to : y cent"
Unoer the head Of Very Latest viii be found
extracts from the City Articles of the London paper.
Of Saturday, 18th.
Y,os TA< Ners Of Friday, l4h
| Thursday EreniEg.-The Directors Of the Bank Of
England, at their weekly court to-day raised their
,,;,ruu -s-e Of discount TO Y cent both for short
and Is day bs The last alteration, it will be remen-
ber,d. was mace on the 9th October, when the rate
WAS raised to 3 cent for % Gays, anc y cent for
Iouger paper To days measure does not seem to have
been generally anticipated but in the present disturbed
state of financial affairs its ado pon ought not to excite
any surprise The simple explanation Is, that the none
| tsry pressure both here and the continent con-
truss snd that the drain Of gold to the Continent
though checked is not yet soppes Under these cir.
cumsADces the directors consider that the time has nov
arrived when fresh restrictive step 10 called for. Taxed
in coujupctioa with the OF yesterday referring
10 the bill brokers, todsys arnouncemeet undouti.