New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-06-14

Fr.. D......."s4f S3t ga sf sh e'i
The return from The Bank of England for the week
ending the 24th Of May gives the following results
when compared With the previous week:
Public deposits & SIS Increase Rja3 2i7
Other deposits II AZ 4sl Decrease S736l6
Res, ............ 32j; Increase 1870
On the other side Of the account
Goyer.n.,t securities si2 a7s5ie The ..ue a. Ssf.,.
Eot.s unemployed .... 5eel o...iDcrs~se. 45zs5
The amount Of notes in circulation i, tls 1891 ,9l5
being decrease Of f2O5 OPS; and the stock Of bullion
in both departments is flO, 1904, showing an in
crease Of f756 $780, when compare With the preceding
return.
Relative 10 the market for American Securities, Mr.
r. +. Satterthwaite reports as follows:
"There has been only moderate business in Amer-
can Securities in London during the past week, and
quotations remain without any important change"
The demand for gold from the Bank OF France con-
tnued suspended. The Times Of Friday, Both, says:
"The celebration of Peace has been sgnazed
TO day at the Bank Of Eoglsnd by the first decided
step toward return 70 what may be considere a
natural rate Of discount. The minimum rate, which
has stood at y for short bls since the sth Of
October and which for long bis reduced from
to T. cent only last Thursday, ia now put down to
cent for all de scrp0ns. The fact that the recent
influx of bullion and the increase n the reserve Of
notes will be further promoted 10 morrow by the repay
ment Of advances TO the amount OF nearly 100000
would cause the movement 10 be almost Immediately
adopted has bee recognized for several days although
il was thought the partial holiday IN the city to day
might lead TO its being deferred to the subsequent
Court The Directors have evidently felt that its
bearing upon the large operations Of trade was too
important to any hesitation merely incidental
grounds sDd their promptitude will give general salts
faction throughout the country. With the signs Of
continued arrivals Of bullion from oil parts, probable
ity suggested that further reduction may be-
fore long period be found necessary; bat prudent
pen Ons will hope that the change may not come with
extreme rapidly, since the disposition to initiation is
obviously ready to burst forth under the slightest slim
tlus and there also threatenings Of French aud
Russian loans of large amount
The ktus Of same date says:
"The Bank of England Directors at their weekly
meeting to-day reduced their minimum rate If dis
count from 10 y cent. In many quarters this an
DouDcement has been received with some degree Of
surprse for although 1t was universally recognized
that the tendency of the rates Of discount decidedly
downward, an impression prevailed that any further
reduction at the Bank would be delayed week two
longer The fact il, however, tina. owing to the lower
terms at which money obtainabe in Lombard
street and elsewhere, the Bank obtaining no bust
ness at its cent charge. 1t scarcely necessary
to remark that the step is hailed with great satisfac
ton, as likely to strengthen confidence give whole
some stimulus TO trade aud increase The desire for
eligible investments Hitherto many holders of money
have been content to let their deposits lie At cent
interest, but will now be eager to invest them IL is
inferred, from the promptitude with which the Bank
bas relaxed it, rates. that the two next returns of the
ln,tuop will present very favorable features.
Somewhat singuarly, the Bank movement failed
TO prevent decline in the funds. Under the influence
of unavorabe statements respecting our relations with
the United States COnsols sustained fall of y cent
toward the MIDDLE of the day. More rmness was o.
servabe at the termination of business, but the closing
quotations were still ! b cent below those of yester
day Nevertheless, despite the obstinacy shown oy
the American Government in rejecting the proposals
put forward by the Britirh Cabinet for ehecting
adjustment of the que stOns in dispute, the idea that
war arise between the Two nations Is generally
scOuted."
From The London Times, May 81:
"Tbe English funds to-day have experienced slight
further decline, the aspect of the American question
prev. nting the continued buoyancy which, 1t Is be
heved would. under other circumstances, have been
manifested. Consols for money opened at the closing
price of last evening-namey 94i to 94t whence they
rceded to 94l. There was then slight recovery and
the final iaDsactons at 94 to 94i. For the ac
count on the 10th of July the latest quotation was 9jl
to 953, 93l to 93i ex dividend. The scrip OF the
new loan left off at to q premium. Bank Stock was
Quoted 2l6 to 2l7} reduced, 934 10 95i; new Three
8 Cents o4t to 94i Annuities, 30 years, l7i India
Stock 233 10 $780, India bonds, p discount TO 2 pre-
MUM and Exchequer bills March 81 to s. premium,
dune II discount to premium.
The discount houses have given notice that their
rate for money at call will be Il y cent, being re-
ducon of cent.
"In consequelce of the repayment of advances
falling due at the Bank today money was in demand
in the Stock Exchange, but was readily supplied at
: a. cent In the discount market there was little
inquiry and the terms fraction below those OF
the Bank"
From The London NtnS OF the 5Lst:
"In face of decided improvement in the money
market the funds show heaviness Prices closed to-
day / D. cent lower than yesterday. The check arises
alnort solely from sppr,heso that the dispute with
America is becoming mere complicated. The state
me nj that the President If the United States has de-
cided upou recognizing the Government Of Gen
Walker in Nicaragua gives rise to considerable dis
GU sion The Conso MAJ KIT s rendered the more sen
iye AT present ny the approach of the monthly set
t,meut The disposition Of the public to absorb stock
al preseIt prices If, however, still very decided and
will be- 5, nulettd 10y the diminished inducements nov
offer. a Ia lace money out ION call
1.-THE Lombard street oiscoun, houses to-day lowered
the rate allowed by them for money on call from
to Il y cent
I'm the discount market to-day there was good
demand for accommodation at the reduced rates now
established. In the Stock Exchange some demand
was stimulated BY to-day settlement IN the share aud
foreign stock markets and money commanded 10
q c, 1T on Government securities The London and
Wtstmineter Bank lent money to-day TO some extent
stock.
1.-THE scrip of the new loan. for which this was also
settling day closed at .! to p prem
AT Paris to-day fall of TO y cent was esab-
iSh,d in the Three per Cent Rentes which closed a,
"a so fm money and at "a. IS for account At Berlin
and Amsterdam Russian securities show an upward
tendency"
Markets. C .RrFULLY REPORTED FOR THE TRIBUNE.
FRIDAY. June IS
AsHES-The MARKETS 6rrner for Pots with fair demai
- hi. a Pear