New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-07

FroE The London Neps, Oct. II
The funds opened this morning with increased 6rnl-
ne.s. and soon sttsined q further advance Of per
cent, owibg to renewed purchases. reaction after.
wards took pace, and toe closing quotations were the
same q those Of yesterday. twoud appear that the
lease of dividends ard which hsve this month-owrg,
TO doubt. to the fall in the funds-been upon unu.
sualy extensive scale, have to-day some Shst slack
ened. AZ the same time an increased disposition is
eviLeed by bar kers and others to borrow money
the depost Of stock in the Stock Exchange since they
car employ the money to 30 much better advantage at
preseb II stated that further loans OF stock TO the
extent of upwards Of f2O0 900 have to-day been ef
feoted banking account yet the value Of money in
the house" does not exceed per cent on Govern
ment securities, 30 large has been the amount of
rey recently posred by investors into the Stock E1:
change 1t is obvious, however, that this supply of
stock from banking sources, although only lest, will
terd to prevent the scarcity which might otherwise
have been expected TO ensue from the absorption BY
investors.
The reaction In he funds this afternoon wss pro-
NOTED by that some new measures OF restric.
ton have been adopted BY the Bank OF Eoglsnd. Ii
is of course, impossible to say what steps may here
after be rendered necessary but can state that 30
far these reports e0us no alteration whatever
having been adopted at the Bank TO day. The de-
maid for accommodation at that establishment WAS
to-day moderate. In the discount market also taere
was an entire absence Of pressure and fair supply OF
morey, but, in the present uncertain state OF the
market, full rates maintained especially a. re-
CARDS long dated paper.
pany have raised to the important extent OF Id.
iupee, the rate at which they will receive cash for
thtir bills Oh India. This equivalent to an advance
Of about 4 cent.
bullion the d. ain being partly to the United Sta'es
From The London T;nt' Oct. ..
The funds continue to exhibit great stesdness, and
seem likely to remain without much further alteration
till the end OF the week, when fresh news may be
looked for both from the United STATES ana tsde.
f,v, 81; cloaed last eyeunQ At ~
49, opened At SS SSi, and experienced various mt
nor fluctuations until the afternoon, when an advance
occurred to ss} ss1 from which there was no rese-
ttn For the 10Th Of November the last transactions
were at 49, 50. Although money continues 70 be
temporarily borrowed on Consols ths rate in the
Stock Exchange is not more than = cent. the mar
inyestu ents Of the public. As the amounts available
frem the dividends have now mostly been em ooyed,
these investments must be expected to diminish, but
purchases to day still preponderated upon balance
Cotfderce wa supported oy the .msnsss o. uS goS
States, but the Canada on Saturday - e1pe Ied 70
take considerable total policies having been opsnsd
FOR about ZOO, 900.
the absence Of any important failures and the signs Of
general stability among the leading manufacturing aat
sbippipg firms throughout the country very satsfac-
tory ceiling is Observable. Uncertainty SUI prevails
a. TO the probable necessity of any further upward
movement ou the part Of the Bank, but the question
WILL perhaps, be solved before the lapse o! another
week. Ii is said that In case Of an advance aooveo
cent being adopted the Joint stock banks are likely
70 make any increase in their rate OF allowance for
customers deposits. Their present rate is
cert and under any circumstances this will most
probably be their limit. movement 10 the
Bank mininsum beycne its exiting point would %:
vously be too exceptional to admit Of any general
srsDgements being based upon il. The demand to-
day was comparatively moderate, both st the BACK
ard out Of doors. In some instances choice paper
he's been negotiated at II, bat in most quarters
the Bark charge is upheld. On six months bills =
cent has been paid. Il is an uepessant feature ths,
there are again some symptoms Of demand for gold
for the continent and this should increase. IS there
are no more Australian arrivals to be counted upoa se
present. can be supplied only by Withdrawals ron
the Bank. About 10 600 sovereign were SAID 70 nave
bee taken to-day for New-York. The amount OF 81
yer 10 be provided for the next overland msl on the
ith tf.November viii depend upon the Fssn suota-
tons Of the Indian and China exchanges ahoruy 70 Dc
expected BY telegraph but more han t3U,Vc0 IL
underetood 70 be slresdy engaged.