The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1856-06-28


LONDON MONEY MARKET, Friday Evening, June l3.-The
commercial world is still state of Uncertainty as TO
our future relations with the United States. The
latest advices from New York quite contradictory
to the dismissal Of Mr.. Crampton but whether that
step was taken by the American government or not,
there was little doubt that such would be the case.
The three Consuls would also be superseded in their
functions. As the matter stands it has evidently
resolved tsefin personal quarrel with Mr.. Cramp-
ton as in the reply Of Mr. Marcy the last despatch Of
Lord Clarendon it is stated that the apology Of the
Lritsh government was satisfactory as far as the gov
ernn ent was concerned, but that Mr. Champion, its
representative was not agreeable to the Cabinet Of Pre-
ident Pierce 1t Is further stated that the American
fullest powers negotiate with the government Of this
country on all disputes II is not however, likely that
ment Mr. Champions functions at Washington are sus
pended Much interest therefore attached the next
arrival from the United States.
The money market continues 10 manifest an easy posi-
ton and confidence Is decidedly increasing. The pay
men yesterday of the nstamen Of 81 900 upon the
Lew loan tempo ariy increased the demand for money
upon the Stock Exchange, especially combined
with special settlements in various descriptions minor
railway shares Rates averaged from 70 per cent for
the ena close , Of business and the commereal de-
the payment of the loan instalments were is said
very moderate No change has taken place in the rates
street accommodation could be had rather easier
terms. There is general impression that reduction IN
the rates Of the Bank Of England win be made before the
Bank from making forthwith but the apprehension lest
undue encouragement should thereby be given to the
many speculative undertakings ready to be placed upon
the market. The specie imports during the week amount
to about f400 0o0 the exports to rather under ESQ 600
The Bank has purchased gold, far to the value Of
fl60,0O0.
The return from the Bank OF England for the week end
ing the 1h Of Juno gives the following results when
compared with the previous week.
Public deposits Ia, 297 127. Decrease 1889 397
Other deposits. 10, 734 513. Decrease 1075S
Rest. 300, 246.. Increase 805e
On the other side of the account
Government securities I'll 682 1875 Decrease 1929 993
Other securities IA, 333, 306. Increase 2908SS
Notes unemployed -. $685. 1856. Increase. $50 065
The amount Of notes in circulation f19 $40 800 being
an increase of EOS 000 and the stock of bullion in both
departments is Ell AIS showing increase $685.
762 when compared with the preceding return.
The British funds owing to the easy state Of the money
market and the prospective arrangement Of the
American question, have been steady. Business
has not been active at any period during the week. but
the daily tendency has been upward and the tone almost
uniformly good. Yesterday consols opened ut 04X q
94H ex div and for moment they touched o. 94H,
upon the presumption that the Bank would lower the
rate They then reapsed to the opening prices, and
soon as was known that change had been mndo by
the Directors, they became weak, and gradually de-
Clined 10 941S 94H Subsequently there a partial
recovery and the market closed rather firm at o4k
"a a. To-day consols declined to sellers at o. Some
easiness manifested the Stock Exchange the
turn American affairs may take The closing prices were
as folews:-Consols for account 937s q o..
The following table will SNOW the fluctuations In
soils since the 9th Instant