New-York daily tribune., 1857-04-17

The position of the market for American Securities
is thus noticed by Messrs. d. Bell, Son & Co.:
"There is nothing particular to report of the market
for American securities. The amount of business dur
ing the last week has not been large, and prices are
generally without change"
Cotton and Breadstuffs are rather better.
In regard to the advance of interest Tie Times
says
The Bank of England have raised their rate Of discount
day from cent tat which it had stood since the 18th of De-
created general surprise although the gold with
a s i: B.. The nan Ca
will it is believed that the decision is in hsr
il urge that as the payment of the dividends will shortly take
place and there also prospect OF good supplies OF gold aa
Of France India diminishing delay of week tive should
have SLOWED The policy the Bank however is not
contingencies in and in the face Of remoya
OF halt million Of bullion in the Of few days not for
any exceptional and temporary object but to meet require
Hone and the Indies certainly
uaors state of balances with foreign countries cannot
much longer continue since extraordinary trade really
exirsvagsnt expenditure day exhibit themselves
but experienced have for several weeks
looked 2 the Se's only that as
easy period be suddenly realized the Bank not tied to
they gone beyond the point which the cond
ton the market dictated has aresdy been proved by the
fact that the demand this afternoon IS cent has shown
scarcely any falling of.
The Increase announced to-day applies alike to discounts and
10 loans upon securities.
The discount establishments have increased their allowance
to5 money a, ca from 81 % cent The rate Of the joint
eXpedi-ney Of the Bank being guided in their discount
s Of ns eSen @ se tai 'f5 s
may happen to render change has been illus
last That step much criticised the time because many
persons thought would have TO be rraced in week
for relief the opposite side it argued that the Bank
should BE- guided day day solely by the facts them
to the Ui events. eapceDce Of that
snce shown how deceptive such con-cures prove The
reduction occurred nearly four months and until to-day
alteration has been found necessary the interval Of freedom
from change having been considerably beyond the usual
The Nelrs says:
The Directors Of the Bank Of England at their weekly cour.
S sSn s1f @ blu asps ny 70 es I5np T rate
for advances stock also fixed 81 y That this
l. proved by the extent Of the depression immediately wtne
ed When the proraced sitting the Bank began to
excite attention an apprehension engendered that ed
in the rate for loans might be
but the serious measure not generally looked for
mercantile circles also although the less favorable tendency OF
the Bank accounts has been fully recognized expectation #
advance in the rate was entertained up this morning
Nevertheless di'sgreeabe as to-day. decision H. there is d.
position TO regard as dictated by sound policy The
alone supposed TO be cosnizant will probably exoneate
them from any suspicion Of acting hastily.
The Bank minimum rate has remained at since the
18th December last when IT was lowered from 81 q A,
that date the Of notes stood at IS $50 and the bu
the 2t u the unemployed amounted TO f 4So ao and
The metallic :toek to floss 7 The Banks resources how
The immediate effect Of the Bank movement. was f,I Of
uoay cent in the Funds Many classes Of English Raj.
Stocks fell y cent and the market period the day
showed much heaynss owing TO the extent which pecu
tive purchases have lately been carried in this
When rise In the Bank rate Is anticipated aud d.couned
Is by singular for the actual decision 20 occasion an
Improvement IN the market Toward the close of this
afternoon however, tendency recovery
parent. Railway Stocks left of 70 y cent lower than YES
iedAy but in Consols the reduction scarcely reached
The demand for money continues full
have been demanded for all kinds Of paper The with rawas
o geld on Continental account large already week
about ASooO has been taken from the Bank o England for
that purpose floo ooo viii be dispatched
eelni ~ bs Cape VI 0epd Hope BY the steamer sailing tbe