New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-10-29
sprcn LIsr PER PrRsII.
THE FINANCIAL CRISIS.
Fton NJ Daily Nte. CIIg Aytlele.


and elsewhere the supply OF money was increased by
the payment Of the dividends; bat 70 neary all qusr-
asre the rates Of discount rather above those our
rent .. the Bank The general applications are st'i
fr In excess OF the actual necessities of the trading
e1nnuni.y and are greatly augmented by the fea OF
hesh advance In the rate Of discount AZ the Bank
Should the weekly Court of DIeotois tomorrow paes
= of without the announcement Of any change It s
beped that the urgency of the deman5 viii be moder-
aied. In the oDey market however, Friday - gen.
rsy ore of the heaviest days Of the week. and th9
10 rot over Satisfactorily many persons Confident
Ska. me unsettled feeling nov prevailing VIII be re-
sDoved. In their deibei alters to-morow the Baak
Directors viii Of course be chiefly guided by the stne
OF The reserve with the position of which they alone
viii be acquainted; but the receipt OF more favorable
lews from America would also have weight. To-day.
On The release Of the dividends the first of series OF
heavy repayments fell due az the Bank. Meanwhile,
there is still entire absence of blind panic; holders
OF money though execting high rates lend freely, snd
the rpmoIs Of failures in various quarters are a'o-
seber in adequate to disturb the prevailing confidence
"A the sour of the general trade OF the country
As favorable feature remark that, although the
continental demand for gold continues tbs Bank 10.
day bought about CO, 900 Of the gold ex the Red
JACKIE, The rest being taken for expectation. This
purchase will form partial seto against be with
drswsls Of soyeregps in connection with the payn
of the dividends and for other purposes IL If also
rsms,Sed with satisfaction than according to tsegr,-
phic sdyices received from Liverpool the shipments
or specie by the steamer Baltic which len that port
10 day for New York, do not exceed 10 seElns
Larger sbipu ents are expected to be made by the
steaner which will sa az the end OF the week. ciss
M insurspce TO a considerable amount having been
opened, but 1t does not necessarily follow that the
whole OF the gold TO which they refer vii CO.
The funds to-day though sensitive, showed dispo-
sior TO respond 10 the hopes which are beginning 70
be entertained of partial subsistence OF the severe
monetary p.essure but the market derives more SUD-
stast support from the increased investments esctsd
by the public at the reduced prices. To-day the nu-
sserous mail bons fde purchases formed leading
nature Of the market Prices opened with little
EatDees subsequently attained an advance OF about
Der cent. and after again recedng, isaly closed about
g.- s..t hiehH, thee OF oelock yesterday. The
grent to the recognized hours is thus more than
covered In consequence Of the ee9 '95 fae Sovem-
Der account declined at the completion OF tbs settle
snept to about per cent per annuIn
On the Continent, the value OF money ID still rising,
and universal pressure prevails Itwss announced by
Aelt srsph to-day that the Bank Of Holland, which
Fsie.d re rate Of discount to 81 per cent on the 9Th
jest. has now raised it TO 6pes cent. At Antwerp
the Bxnk has raised its terms from - to a per cent
Letters fiom Paris describe an excessive demand for
NOR ey at the advanced rate just announced by the
Bark Of Frsr CO, viz, 81 per cent.
FyOs, The London Sta, (City 5y.iolsj.
WEDNESDAY EVENING Oct Ii.
VARIOUS unpleasant rumors have been in circulation
respecting TIE stability Of houses connected with the
A1nc icsn trade and with the manufacturing districts
of Scotland ard Lancashire; and much gloom has per-
vsdsd there branches Of business The Glasgow and
AsDchesteT lettes this morning rather added TO the
aepIession. Some branches Of the Australian trade
ere not regarded very sound. Bot on the whole,
natter are better than might have been expected from
tbe magnitude OF the crisis IN America and the d cu
lies created here by the roarecept Of REMIT from
the othsr side Of the Atlantic aud there il total ab
seDee Of everything In the mature " psric.
The banking and discount hoases are exercising Chs
,reaie.t caution in The bills they taking and u al
they requiring fan rates. ins.sne ss have
discounts, exclusive 81 CO nmssiop, OF bills which
week or ten days ago they would have done q. y.
these cases. with the view Of restraining Unnecessary
spphcstons for, yesterday and again to day, con
siderable part Of the demand from desire
to DO prepared against the contingency Of an enhanced
rate than from the immediate requirements fo7 the
purposes OF commerce. But quite independently of
any circumstances OF this character the pressure for
money was very great, especially on account OF the
extensive bullion operations now IN progress.
The payment Of the October dividends commenced
us mouisg. Large rspayments were made TO the
Bsik q advances made during the shutting and con-
siderable portion immediately borrowed bach
agsr. the applications having, it Is stated amounted
10 no less than goo 900.
Following The course of the Bank Of England aud
the Bark Of + snce, the Bank Of Amsterdam which
la. week advanced the rate of discount to 81 per
cent further advanced 1t this day TO per cent The
Bank Of Belgium also advanced the rate to-day from
y 70 Il per cent.
The following table gives the present quotations Of
The rates In the principal markets OF the world.
rs.Yorl ....E cent?. to 81 sraalfoi' ....g cents
cent. sfa .:s5:'% cont S:a:i
OF the Australian gold which arrived yesterday,
IA
std 70 Inc Bank $50 900 has been sold for the Con-
teent The largest portion OF the rem linder has been
faken for the United States, but remains on hand
The Mexican dollars brought by the last royal mail
ste ameT not yet old and the silver market gen.
srsly s fat. Tne snount 20 be taken fer India and
China hy TIE reIt pscke: will not exceed $500 600.
Eyss TIE Daily NesOs CITY a,ti3sl
THURSDAY EygsisG, 0c.. Is.
The weekly court at the Bar OF Eogand broke up
1c3sy sfsY rather short sitting without aon,ancioy
shy change IL the Of discount and this cream.
stance coupled with other features. has axcited a
more confident feeling in the Stock Exchange, and
n most other city csrciss consider able tine may
perhaps elspse before the existing stringercy OF the
Money market will be relieved bnt we have much sat.
kfaction in noticing subsdence Of the symptom u
AsI,eIy which have beer observed during the greater
part Ct the week. Tae applications az the Bank,
which on ,he ,st three days Of tbs week OF the
most pressing character, were to-day only moderate,
vtne the heavy Iepsyments due al thu; esta3'
hAmtft have been well met These psytn ,nts
WI confinre upon large scale NJ 70 the erd
Of the week, sno VIII tend materially 70 reDlacs
HE Sabk % funds after the drain ia-idsnt@l
80 he release OF the oividerds In the omen MAKER
although the rates sIe fIly supported and generally
Aboye those Of t5s bank ths siDply Of m ,9sy va
good. lis is patty owing r. IL FAST TIA, ps-ties
Obo have latt.Ily over s1oplled thensel,ss with
Sabss a. sbe bark nos folAd very ready 4. lsni
Too poiLt Of immeeicts snXie.y now is tbs ray.ex
D. ci.d finn Anlrcs- Sho1ld ttst % Of yeassnrin,
xksraSfer TIE dis.1TosEce 10 the noosy IN her,
vi doubtless be further aaaye3. In any cas- hoV
syer, II % anticipated that soma Considerable remf
tsi cts % gold gll BE- n.sde - NssYfk by tbs Per
sia which Will eel from Lfyer26 On S.;ofday mo,u
tg We unees'aoe tssi upward Of fflOQe Il sov-