New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1856-03-05
Nearly half q million sterling

", from The Pacific by her Msjesty's ships Brisk. II
these were at and, and satisfactory 70 =.
received from the Peace Conferences ouoyan' tone
would be 7. estaolThed anu "ouiu NC AMY " WI"
tnue without interruption
"Tbe future prospects of the Money market are
s,-.nc,ben.d by the last monthly report from the
Bank Of France, showing an increase OF nearly ioVo
Goa in n stock Of bullion. After the uninterrupted
lain ~ last wear the turn thus Indicated very salts
factory. AT the same time, the rates OF Exchange
mon london at all the Continental cities are Hnprov-
inc willie the demand for gold for Egypt to pay for
IAN has also ceased. To Turkey there remains 20
e emitted about SEQ 900 on account of the guar
anteed oan and this is now beng sent from the bink
of England az the rate Of 800 600 week. Probably
However in little while, the return OF gold from that
copu,,y NAV be on more than equal scale. Perna-
rent eupeararces are therefore extremely good,
stbouqb for the next few weeks We may possibly
Rave an increase instead of a mitigation of incon-
venence."
Corsols are quoted by telegraph TO Liverpool as
closing at 81 for money, which is e cent advance.
THE London Tines Of Tuesday, 10Th, says
This being the day for the announcement Of the
conditions Of the new loan, the English Funds have
expe,ieLced considerable fluctuations. Consols for
money which LIT off on Saturday a. sOt 10 9Os, were
frst quoted 9Os to 90l, whence, IN consequence OF
some heavy sales, they declined TO got. They then
recovered to 9OI, but presented an unsettled appear
arce until Geographic message from the Wes'-enf
notified that the loan % to be i1f only 1'Oyo,VOJ,
wLep sudden rise took place to 81 to Oft. l. had
not been stated that there was also to be fundi0g
Of 100000 of Exchequer bills, aud when tuis al
ditiopal intelligence received the market par
italy lost ts buoyency, ana reaction occurred
IN GO3 10 o. which was the final quotation For
the account the last price was 81 - /. The favor
able effect produced by the smaness u the loan was
TO some extent cCunteracted By the haste with which
it is to be called up the interval between the payment
of the deposit Of 20 per cent Tuesday next and the
final ment being scarcely more than eight weeks
The ast loan called at an average tate OF about
q million fortnight while in the present instance the
l. .l.u4 r,arflt and aarf.r fort
night ard it, inut therefore, sregards the demand
for money and the pressure Of stock on the Market
during the short period over which the operation to ex
tend will be much greater although the amount Is only
Is OOO COO than that which produced withiA suy
corresponding period by the loan for f6 900 OOO There
is no doubt however, that any material disturbance
caused by il from time to time IN the money market
will be limited 10 day or two about the date OF each
instalment since all the payments Will be dsoursed by
the Government nearly fast they are received IL
If understood that Messrs. Rothschld intend 70 open
list both for the loan and the funding of Exchequer
bills and that circular to that effect will be issued to-
morrow. No other list has been spoken OF. The as
sumed certainty that fresh loan will be required be-
fore midsummer, and the fact that peace Is not yet
concluded however confidently it may be entici.
pated, will render capitalists extremely cautious
az TO the terms which should now be offered Bank
Stock left off at 2l3i to 2li Reduced, 9li TO j. New
Three per Cents, 81 to %; Long Annuties -! An-
nuties 1885, l6 India Stock 22J to 226 India Bonds
U.s. TO &c. discount; and Exchequer Bonds 97i TO 9s
funding, and the closing quotation was 2s discount 10
IS. premium.
1.-THE demand for money to-day rather less
urgent, but still nothing was obtainable below the
Bank rate. 49,
"In answer to questions from Baron Rothschlld,
Mr. L. Cohen, and Others, il was stated by the Cham
celor Of tie Exchequer that the total amount OF the
unfunded deb in existence il about t23, oOO, OOO."
The Netcs of the same date says:
"During the whole of the morning Stock Exchange
business much mpeded by uncertainty which was
felt regards the amount OF the new oan Never
theless the funds showed great steadiness, despite
several large sales including one of 100000 COnsOs
BY a leading broker, Just prior to the authentic
announcement of the amount of the Government fnan-
cial operation, prices were quoted to cent higher
than they closed ON Saturday. The news that the
loan will be for only five millions thus confirming
the anticipation expressed in our impression of Sat
urday), in addition to q funding OF t3OOO,OOO tx
cheqRer Bills, caused an Immediate rise OF nearly T.
cent. There was subsequ9n entity partial reaction, but
the closing quotation still to y cent above
those Of Saturday. We publish in another column
the official statement of the terms OF the loan, aud
report of the proceedings at the interview of the lead
inc CITY capitalists with Sir G.. c. Lewis and Lord
Palmerston The smalness of the loan has evidently
produced a very favorable impression, being inter-
preted in many quarters as indicating that confidence
Is felt by Ministers in the speedy restoration of peace.
The Chancellor of the EXchequer it will be noticed,
very properly declined to give pledge that no fresh
loan will be applied for by Government this year. His
assurance that new loan Will be raised until this
-
since owing to the magnitude of the instaments and
10 the rapidiy with which they accrue, the entire
$4,000, 600 will be paid up in little more than two
months But few people believe that this loan will suf
fee for the Government requirements OF the whole
year even if peace be made. An impression has thus
been created that ministers, though compelled TO
come to the market for means to meet the immedi-
ate claims upon the Treasury, have purpOsely fixed
the amount as low possible, with view to
TO the nation in respect of any further loan more favor
able terms when peace is made; but apart from these
specuations il il evident that the financial operation
now officially announced cannot constitute any serious
burden upon the market. The present government
demand for funds is limited to five millions spread
over two months for the exchange of three millions of
Exchequer Bills into Consos clearly involves fresh
call upon the money market. The ability of the Conso
market TO bear the stock will be increased by the
large sales which have been made in preparation for the
loan during the last two three days. 1t is believed
that some Of these realizaOns prompted by the
belief now proved erroneous, that the loan cOntem
plated by Government was heavy one. 1t must
also be remembered that, pending the payments upon
this oun the recent extensive sales of stock on Gov
eminent account will be discontinued.
" None Of the mOneyed firms have yet invited public
subscriptions TO the new loan, but Messrs. n. VI.
Rothschid Il Sons will open list tomorrow. The
deposit is no less than 20 Z cent and the applications
will probably, as usual be far in excess of the amount
required. This temporary locking up of funds may,
perhaps, some stringenoy in the Money market
To-day, however, there was no pressure although in
all quarters preparations are being made. The pres
eut loan is TO be raised in COnsols alone and the bid
dings are to be made in that security. As matter of
course, therefore, the stock will be issued a discount
The SIC 900 loan of last year planned differ
enty-ConsOls being issued at par, and the biddings
turning upon the amount of Termnable Anpuities
which required to be thrown into the bargain"
~
Markets CARErULLY REPORTED FOR The TRIsUsr
AsHEs-The market quiet but a for Pots At 30 Pearls