The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-07-31
NI0rlxefs.

LONDON MONEY MARKET, July lS-The ad vices from Mel
bourne per the Ear Of Seton extending to the 2olh Of
April upon the whole, Of a satisfactory character
the caution exhibited by merchants In this country hold
ing back shipments In order TO prevent an rabun
dapt stock OF goods in the Australian markets
having exercised q good effect upon trade in Mel.
bourne. Importers were firm, and would not dis
pose OF their goods except at remunerative rates.
Speculation had almost entirely ceased, and firm,
healthy tone OF business Is reported The arrivals from
the United Kingdom had been few, aud nearly all the
goods 10 hand had been of suitable class. Gold had
declined 3D. per ounce being quoted at Is TO u.s. 3D.
per Colonial produce OF all kinds In good de
mand ut firm prices. The commercial accounts from
sydney are also very satisfactory Daring the prece-
ding month the markets had steadily improved and ad
vanced prices we're obtanabe for almost All articles
The export trade was likewise active, and the
tons in WOOL taow and hides had been very extensive
Wool especially had realized high quotations, owing
principally to purchases for France direct
In connexon with the recent advices from Australia,
II may be worthy Of remark that some of the London
journals OF yesterday in announcing the arrivals Of the
Earl OF Seton and the Frances Henty Ia London ship
state that the latter had brought advces TO 30h or
April, five days later than the Earl of Seton. Il
would have been only justice to the commercial world
to have given them the benefit of the i've days later
inteihgence-every particle Of information from the
AUSTRALIAN colonies being at the present time fraugh
tended with some difficulty, mas much the Frances
Henty cleared and sailed from Melbourne the 18th Of
mouth 81 days, while the bomeward run OF the Earl
OF SETON 10 liverpool only occupied 81 days.
inc IT, he weev circular Of Mr. wm SyenS IA To-
ksnb"r eyart loihbnry, London) dec dedy sasfacto-
ry. foaey. i. fact, Is not only cheap, but in such
abundant supply would induce further decline It's
value, an immediate termination could be put 10 the
demand for gold from the Bank OF France. We do not
however anticipate that they endure very long,
each successive fall In the French Rentes English pur
chaers in FOR 10 gestmen and thus sustain tae market
while the drain upon the met c Of the Bank OF
France has partially not entirely ceased 10 the gene
raj discount market here the nominal rate Is per
but all the best class OF bills regularly done per
cent per cent below the bank minimum. The bank,
therefore, IS doing discount bu.inets and will in
days begin TO receive the repayment OF lis advances
during the shutting Of the books, The directors will sa
market remains In It's present state be compelled 70 rS
their attention to the policy Of reducing the rates to at
least four per cent In order TO find employment for por
ton OF this
The arrivals of specie have been considerable They
include E3e9 900 from the United States fs6s 900 from
Australia and about f360, 900 from the West Indies; ma
king total oncatly million and a half s,erliug About
ls20 presumed 10 have TO France and Gi2 000
have been sent TO Cadz The rest Of the export
known, but II cannot have been considerable Tne svef
10 be sent India and China by the next packet will be
moderate In amount compared with that by the pre-.
yious steamer. II will scarcely exceed $3.50 900
GOO 900 Is overdue from Australia and $500 900
least will be brought by the vessels leaving Melbourne In
the month OF May.
The returns from the Bank Of England for the week
ending the l2th o. July give the following results whea
compared with the pre- rlous week
Public deposits E25lT 500 Decrease c. 200 57s
otner deposits. 6gsst2 Increase. 2,21Is5
Rest. ............... $3.50 $50 Increase. 355sv
on the other side Of the account
Government securities. Ella 2os s64 Increase 500 o,a
Other ecurites...... 13,iI3626 Decrease lT5l,2s6
Notes unem ployed... 5,43l TO Decrease. Ills 900
The amount Of In circulation IA f2o SIS sss be
ing increase OF Esq2 2i0 and the stock Of bullion In
both departments is fl2 3Ts. 500 showing decrease OF
G232, 6l3 when compared with the preceding return.
There have been considerable imports Of bullion this
week and the West India has just arrived with
upwards OF million dollars. The demand for the Con
tnent has somewhat abated and the purchasers for the
Fast have been eager In their demands so that
the market has easier but without any change In
quotations Both descriptions Of doubcons are stun In