New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-04

notified that their terms are rsspsstivey and Per
cent The rate Of the joip.stOck banks tor oePos's
Will be 7 per cent
The fir al quotations Of the French Three per Ce t.
on the Pans Bourss this evening, vera oo'. PC.
money and 66f Soc fos the end Of the month, eno"hg
q decline Of about per cent. Most pre9eoH a ~,
made by the Bank on tins s'oe u a ny
rapspire before the cloee of business. II 10 ass msa
that the Bank Of France will feel compelled III heu
stely 10 follow the example.
The suspension was announced to-day oil Aeesra
Aud Buchanan Of Glasgow, meIcosah a.a soP
pers Their liabilities which estimated ~ tiVV-
coo, are believed 10 be chiefly ocal.
At Hamburg the rate Of discount has advanc'a 10
81 per cent. .... ,r.
The Vienna letters merit m tie stoppage OIL al ''e
MalsI OH g. Co. for ffG 900. t
The Il sde reports fro the manufacturing towns 10.
the past week are much lees unsatisfactory tIau s'
have been expected. 1t must be ss.uueu' none.s,,
Qat throughout the remainder OF the yeai w.
amount of cur exports viii be feduceo oy
the cessation of the American demand. " cours'
the various houses on this ride DEERE tosay ~ niue a.
possibe Oftheir loeses but hitherto the ac'us
seems not TO have been Of dangerous eIteo.' u,
steady conduct Of ourpiincipa' hrms ha.ipg a.n
At Manchester the failures, although nuneIou,, W.
been entirely limited TO secondary estaohsnmen's o
the large suspensions at Gls.gow are oshesea cnisuy
to have comprised houses Long notorious 10, a;d W.
severe injury has thus far been inflicted WINE O n
Leeds we have the remarkable statement that ,Voo
would cover all the liabilities that have YET arisen IN
cor Dection with the New.York dsss'ers. Al Gu
scarcely be hoped that .heee instances OF immunity
will continue and there is little doubt thar the eRgfe-
gate of d. bts due to England from failed houses 10
New York, Boston, Pbiadelphia and Bsuno,e
enormous, although from the manne' Ia whicu . uey
are spread ard the stability Of tho.e upon whom they
have fallen, the pubic III q majority OF cases VIII
probably be spared knowledge of them
From The Daily NeU' City Artele NJ. 20
The Bank of England to-day raised the minlm1m
rate of discount from per cent, q. which 1t WAS liked
on Monday last to Sper cent Ii is scarcely necessary
TO remark that this movement which raises tue vaiue
Of money to a hight unknown since the Ausamn OF
ls47 has excited considerable sensation ia all CON-
nercisl and monetary circles. To say that the step
was unexpected would scarcely be correct SINCE mas
be en- apprebende ever since Monday last, ana the
extremely adverse character Of the American news
publish ed this morning at impressed many per-
scns with conviction that rise to per cent could
not be much lorger delayed Snll the fact thai Inc
greater port OF the day passed without any announce
mept from the Bank had induced an impression that
the alteration would at least be deferred until To-
morrow for il was not until between and o'clock
that TIE notification was made. The calDness WIN
which it has been received contrasts most sststac'
tory with the agitation witnessed a fey days ago,
wh.n the public mind was less familiarzed with the
real scope Of the monetary movements in progress
abroad. The new measure Of the Bank Is generAly
regarded az, to considerable extent, precautionary
and protective. From the transactions coming under
their Office the Directors were doubtless CONVINCED
that Preparations were In progress for immedlately
transmittipp large quantities Of gold - America and
con- id, ring that the drain upon the Bank continued
without iDtermstion all last week. they had no alter
native but to adopt freeh measure OF iestrictloo.
1t il quite clear that up TO the Iateet dSe mere
no signs whatever Of subsideIce OF the
trsry telegrsphic dispatch from house Of hugh
ttaLdirg, dated New.Yok, the evening Of the Ssh
inst, ard iran smiited to the steamer at Halifax,
states that BANKERS bills on London had been ne
b.. kha ut<Nak
gotisted at leo per cent, and describes the stock
market as exhibiting unmitigated hesviness. Indeed,
the price of Illinois Central Rail way shares which was
quoted in the letters from NewYork at 81 "a reported
in this dispatch at only n tot per cent. 30 losg
as the exchange is hus exeePnonaIiy depressed
cessive, it is probable that no measures
which the monetary institutions Of Europe eau
ADOPT will prevent the effiux Of specie from this
side; the utmost they can 90 w DC 70 renee. LINE ne
ments of specie to large amount will be made from
Liverpool to New. York this week. Several Of the
banks connected with Canada have already sent OUT
coin and will probably dispatch much more consider
able quantities. with view to strengthen tn cir posi-
ton agar 81 all eveLtualities.
Az might have been expected 10 the present state OF
he money market, the commercial demand Tor accom-
mediation continues very active. At the Bank OF En-
gland to-day the demand was heavy yet in few quar-
iers is there any actual pressure There is still toler
ably good supply of money in the open Market sno
the high terms DOW offered for capital must tend to
pect Of any drain Of gold from the Bank to the C1nt
rent Indeed, the Bank to-day purchased $50 GOO Of
The gold ex the steamer Royal Charter, beside ga,
OOO in tovereigns about fl8OU00 Of the remittance
by that vessel being at the same tms purchased by
the buyers on continental account.
The discount houses and banks have announced .
proper icr ncre the rates allowed for deposits
The Lombard street discount houses now allow per
cent at call ard u per cent with few days notice
the iontstock banks per cent; and the N atlonsl
Discount Company, a per cent at call, and "a per
cent at netice. 80
The Seek Exchar &c opened this morning with gen.
es gloon owg t. tue s.sseapEy ss.
fret quoted per cent worse than they closed on Sat
uIday. AS The day drew on, and the public continued
TO invest, recovery Of ! per cent ensued, but this
was not long msintsined, ard upon the notification
from the Bark, fresh decline at once took place.
There was, however sign Of panic; indeed, undsI
the circumstances, the market msy be said to have
exhibited great comparative steadinees, for the latest
pared with the closing prices Of Saturday. Great sup
port It'll derived from the recent absorption Of stock
by the public, owing to which loans on Government
Securities from day to day were readily obfanabls In
the Stock Exchange at the moderate rate of 10 pei
cent. In nearly all the other departments Of the
Stock Exchange the prices Of securities have given
away.
at &C IS for and 66 80 for the end Of Octobcr
comparison with the closing quotations Of Saturday
shows reduction of per cent in the money price,
and of per cent in the account price, It is expected
that the Bank Of France will DOW be compelled to fol-
low the example Of the Bank Of England aud again
rane the rate Of discount.
At Amsterdam, Frankfort and Vienna, on Saturday,
the Stock markets experienced a further recovery,
but the rise in the rate of discount in London will
probably react unfavoraby upon all the Continental
markets.
The precise amount Of gold brought from Melbourne
by TIE steamer King Philip is 80 S4 ounces and
20 C00 sovtregns worth In all about fl43 200. This
remittance will probably be in hand tomorrow. Tue
sovereigns being Of English coinage, will 90 into the
Bank.