The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-17
MORNING EDITION-TUEsDAY, NOVEMBER II, 1857.

but money rather easier TO be the stock
exchange, although at the Bank there dminuton
in the pressure Over f2o00 in gold had been drawn
from the Bank since Saturday and apprehension pre-
vailed that further rise in the Of discount 10 per
cent would be the consequence
Owing 70 the holiday the Stock Exchange, and the
non.arrva in Liverpool of the london papers Of Wed
nesday, have quotations for American securities
later than Saturday, Oct. 81
On that day the market active, and Illinois Central
shares advanced to discount and New York Central
TO u TO- Michigan Centrals of 1869 sold at 7s Erie
bonds Of o2 at 46 and Pennsylvania Central second mort
gage at So.
from the London Times (Cty Artcle), Nov. 81
The absorption Of consols by the public steadily con-
tnues and although the Improvement yesterday was as
to-day further advance of like magnitude Consos for
money which closed last evening at sex, were first
quoted 894 9O and after few variations they went
to cox The demand in the discount market being still
extremely active, there was then general disposition to
obtain loans stock for short periods and six per cent
was freeyfoered withoutsuccess This momentary pres
checked the prevailing buoyancy although it is seen
that the argeness Of the temporary advances lately OBJ
that stock to be reclaimed, and slight reaction
occurred, sales being made at 901 Ultimately, however
the 7th of December the last transactions
were at 90x. The circumstance that after the II
Of December consols will be quoted with the IL per q
dividend Oh, has had its usual influence in stimulating
purchases Bank stock left of at 208 2l0; reduced, S9
eeh new per cents S9,k S97s; India stock, 2l0
2l2 India bonds 4os discounts and exchequer bills los
Monday, the I'd Of November, being the day for the
DaaQCe
offices will be closed, and also the Stock Exchange.
Business in the foreign stock market has been limited
but prices continue firm. Buenos Ayres have been
negotiated at S2k Chian per cents, 102; Mexican for
the account 1914 Russian per cents, 106; do. Az per
cents, s7 Spanish deferred 26; for the account Is
Turkish per cents S9h and S9 for the account $50 and
So do per cents guaranteed ssl u and 9s Dutch 2h
per cents O. and the Dutch per certificates 97L
The final quotations of the French Three per cents
the Paris Bourse this evening OF 25c for money
and 67 oc for the present account showing advance
of an eighth.
The rate of discount Hamburg has advanced to sZ
The gold taken by the Arabia to New York is f2O4 5S2
The demand for the continent continues, and about
f96 900 withdrawn from the bank day to pay for
silver lately purchased. At the same time some rather
parcels of soveregns taken for Ireland and
Scotland The Bank Of England are therefore,
likely present any encouraging features during the
next week or two The conviction however, seems uni
versa that is only the immediate prospect that need be
regarded with anxiety and that even If an increase of
pressure should be threatened for the moment month
scarcely eapse without the course
of restoration.
Confidence Liverpool and Manchester and in the ma
nufacurng districts generally, is still upheld in
TO excite surprise The apprehension Of further banking
difficulties has greatly subsidized and the stoppage of the
Borough Bank Uiverpoo) has been followed by much
less excitement than might have been feared, look
ing at the large amount of It's deposits and general
liabilities. From the system of management which
it is alleged will be developed whenever a full
inquiry is made by the shareholders, it will probably
be found that the fact Of the extinction of this institution
II il had happened at a time free from a tendency to
alarm, could not have been regarded a public mis-
fortune. The Of the Bank of England in
sides to have been perfectly clear and strictly in accord
with sound principle. The terms which aid would
be granted distinctly stated and varied
but it seems that the parties negotiating behalf OF the
Borough Bank were too sanguine as TO their ability 10
comply with them.
Annexed is a table OF the fluctuations in stocks and
shares during the month of October The range of consos
has been unusually extensive, showing difference of
per cent between the highest and lowest prices although
the conclusion the market has returned TO the
position In which IL stood at the commencement The per-
severng investments of the public which have been on
the scale commonly observable when consos fall below
90, coupled with the news Of the taking of Delhi and
the consequent conviction that the Indian question
is reduced to one Of reorganization, instead OF
conquest have couneracted the effect of the dasters
thrown upon from the American crisis, the further
ducton Of nearly two millions in the bank bullion and the
advance In the rate OF discount TO per cent In railway
shares the fluctuations have been violent and the
rebound except in few has been equal TO that
in the funds Fast Indian, however, have experienced n
FLUCTUATIONS IN THE STOCK MARKET DURING ruE MONTH
OF OCTOBER, 1857.
Highest Lowest
Pnee Price prize
oS, soma. month. prsss' ss,"'
Gonsols: ;,,: soh oson osset ,osoa
been less extensive but the heavncss has been per
manent fall having been established Of fully per cent
nouncng an estimated surplus e2o 600 budget
Of 1852 Of which 600 coo 10 be applied the sink
ing fund and that the future issue OF railway bonds will
the Bank OF France, and the government.
In the railway market there a general advance in
sympathy with the funds and although the highest prices
not fully maintained the final quotations show i'm
provement in most descriptions OF 5 20 los Great West
ern Of Canada were slightly higher Grand Trunk which
period Of the day marked AZ afterwards receded
leaving on at two O'Clock at reduction Of los. American
securities active and Illinois Central and New York
Central closed at an advance
From the London Times, (Cty Article,) Nov. 81
This being the day for the half yearly balance at tho
Bank Of England the transfer Offices were closed and
kept holiday at the Stock Exchange. There
consequently regular transactions the public funds
but 'Changs consos which left on saturday at 30
nomnally quoted soZ TO 90 for money and there
buyers at 90 at the Close The hedress drbu
table 10 s from America shotcinq that the rscorery
descred ~ the precious mail had been only partially main
tanned.
In the discount market today the demand was rather
less pressing and In choice bills nego.
uated at fraction below the bank minimum. The pay
ments falling due the 9TH not unusually large and
in London there every appearance that they will be well
met
The market quiet this morning at the rates q
The fnal price Of the French three per cents on the
Paris Bourse this evening was 6f for money and the
present account showing decline Of eighth The ap
proach of the settlement has caused full demand for
loans and applications have been numerous at the Bank
Of France
The drain OF gold to the continent Continues and about
10000 was Withdrawn from the Bank 10 day
The precise amount Of specie TO be shipped for tho Fast
by the PenDsuar and Oriental steamer Rpon the 4th
IL fob6 SAC. OF this f160 for Alexandria $500 for
the Maurus fs5e 3le for India and ceyon and fe6 $50
for China and the straits Nearly the whole OF silver,
the gold amounting 10 Gig ,152 only
Some acccptanccs were returned this afternoon of
Messrs r. Wilson, Hallett Co, Of Liverpool the
respondents OF Messrs Robb Hallc Co, Of New York
The engagements OF tho firm believed 20 be large but
lie hoped such difficulties as have arisen may be but
temporary.
The private letters from New York to-day do not
describe any material variation but they reach only
the 10th Of October, while the accounts by telegraph
Halifax are to the 22d and report considerable decline
in all sorts OF securities This adverse movement ap-
pears have been caused by the arrival of the Europ
which len Liverpool the 10th Of october with tho
Of the first advance in the Bank of England rate OF dis
count which occurred the sth, and was from 81 10
per cent The further advance 70 per cent would be
announced by the next packe,sthe Baltic and the Per
sia but they took out f3i3 600 in gold will probably
be found they have assisted to restore confidence The
disappointment with regard 10 the rapdity of the anci
pated rebound 10 have arisen from the conduct Of
the banks who resortng TO suspension, have withheld
one OF the chief benefits looked for from IT, namely par
ta restoration Of the note circulation which, IN their
efforts to save themselves they had contracted 10
the FOR