New-York daily tribune., 1857-10-24

eff 3, 2O7 70 2l0; Irdis Bonds .s TO 7s is3ou0t,
| and Exchequer bills, g. to As discount
1he demand for money 10 the discount msrkei Snc
| at the Bsrk today was very heavy.
The bsr silver brought by tbe last Wes: India
steamer has been sold at d. showing an advance OF
ID. on the price realized Tor that by the preceding
packet The dollars remain unsold.
The monthly return Of the Bank OF France a. made
up TO the Sth October, shows the following results
(tbe exchange taken at 2Jf to the poundl
Coin .nd ss02260 Decrease 800
Bills discounted..... a $500 Increa.e.... LC5e 90
T,es.,fy dsoo,i,. ig7,1cO Dec,a.e...... loS5sO
Prvsts dep sits....... 6i56oo lncrea'e..... 755ee
curie............... IIa9Ooo Increa'e...... $500
curite. ......... II3L4Co Increase......... $500
TIE decrease of nea,ly f900,OOO in tire bullion, in
face Of the usual average monthly expenditure IN the
shape Of premiums" forms very dscouragiug fes-
ture. II the drain cOutioues, the bank will probably
be compelled to raise the rate Of discount. 1t will be
remarked th the circulation has al the same time in
creased half million sterling the bank having largely
extended its discount accommodation.
From The Manchester Guardian.
All buyer, home and foreign, have suddenly re-
veTied 10 something more than the ciuousness Wblcn
characterized them fortnight back. The sellers Of
goods have not been 20 Dat for many months. They
40 net, however, quote any giving way in prlce.
Tne alteration IL yarns more stirling thao IN goods,
because while their previous dulues5 had not been
equal they were, on Tuesday showing greater slgns
Of revival. However little as there Is Gorg IN tnls
de partmebt prices remain firm. Spinuers in general
are well off for orders, and, right or wrong they are
strongly impressed with the conviction that this mone-
taIy orisis in America will not materially, II at all,
tend 10 lower the price of cotton they are therefore,
not found pressing to sei or incned to modify thelr
terms. -
There is too, among all classes, much confidence,
rot only in the souDdness Of our own commercial con-
ditioD tut in that Of most other countriesa conh-
oerce springing from the progross of Industry, AMI
fyrn he rdart frp VIII y
where been pouring into the sp OF society. u Il seen,
in fact that the collapse which shakes America, is
that Of prodigousy ind lated railway ana other secur-
ties.
From The Lirerpooi Times Oct. 10.
The Bank of England bas raised tue rate OF interest
TO six pei cent the Opiuon Of many, whose judg
ment end eIperieLoe are large, is, that money has
restbed the minimum point during the present year
This is almost Unprecedented event after harvest
4 une1smped prosperity, not only ~ this country but
ibrOu ghout the civilized globe. Nevertheless there
sgEs distinctly marked on the CONN ercla horizon
which leave little doubt about the fact we rave
indicated. On the continent, and especially IN
he Gelman markets, the value OF money Is IN excess
OF our own-attIbutable, according TO some, 10 an
excess Of railway speculation aud the absorption of
large masses Of capital very questionable under
iabrgs. 1T Berlir for example, the rate of discount
is e. per cent st Hamburg per cent at Frankfort
per cent, and at Amsterdam per cset, which s
unusually high quotation for the last-nsmed place
The Bank OF France cannot but feel this Influence
ara in fact has aTeady te.t il, may be the
OuOn-he newt be cons. IUo ot the disru piOE
0l the equilibrium elsewhere.
Nnile this IL the coIOiiiOn Of things on the Cont
neut our own pCs.riln il rendered additionally critical
by tie aspect Of Affairs in India and by tbs
cial tornado which is nJY sweeping over the UGlied
Slatss In toe last raTed country. the low state OF
the exchanges s such thai, instead If sending gold,
1s erCtoioTe. may probably have - reverse the
ope ration ano in ths position Of matters the pay.
ment Cf debts due from American merchants WIN oe
postpor ed 10 as remote a time as possible. AID To
fhese discouragng features smother which agit1'ed
the Ouey market fLls s0e Of the At4Dtc "A loan
for midland We have all the elements of commercial
embarrassment 10 o peratOn at enc end the same
time. Already the Bsnk OF England has agrsad to
advance the East India Company million OK money
upCn the security OF s bonds; but TINS - net0lou ~
insufficient except for immedisie wants, while there
exists moral certainty thGt the East ILdlb Company
will have 10 appeal 70 the Bililsh Government i'r
assistance. The lnoian aunorlues are ANXIOUS 20 "e-
iay this appeal until the last moment IN ord-r 70
syoid If possible that change 10 the syseTn 0 Il1 D
adlriIstThtiou which nigh: be required Tor tue c'i-
&c sson OF the boon; but the causes referred - are
all conspiiing increase the rat of 0lscount, ana
fhus hamper the legitimate operations ot HdL;.
An opinion prevails thst another sourco OF 3mport-
~ embal d. Inent will be found 10 the rasalnesswiih
which Ens l-h mer hauts VIII employ 'heH cipilh 10
the American markets AZ the present tempting rses.
THIS course il is alleged, will check tho Imports Di
b, tsh goods aud stimulate the shipment oi Ansrsin
prcdUce-s natural consequence, suppJ-ing the temp
taOu 20 be extensively nCuyed IN. Ins loT state ot
the tAtldLEts D6lH cen lIi5 C'ul1J diu TUG N..l'N
States vii probably continue a long ~ the Aren,an
securities are sbsurbed By BIih capital az the d.
prsc ated pree 1, II evident th - money must con
Ipsrd high yare on he western shores o roe Atdn'
tic for a considerable time yet The Bank ol England
uudel tho crcuu stances 5avs indicated. u beg
Ming 10 f. the drain and tha screw vii De used n
the eergencv a. the feeling and Interests u tn- bank
psglo. may cictE'e.
From Tie London Daily Nert
AMERICAN RAILWAYS.
To fhs Tiifsr 81 he NaHy Aeus:
SIR: Ia the CiIy article Ol TIE tnpfS o. oct there
are snme obervst.ous on Amaric TAI ways, 20 winch
,err The following assertions: "Nh IL larse pro
,o,ti,n Of the Western Ines have bscJne utterly
4sr k, upt there il, With the exception OF Ihe New
Erplsra States scarcely aay important railway
fbl9yehout the Union that pays satisfactory div
osud or in which there is sIy confidence that such
distributions TIA. take place axe fairly made out ci
profits. ,.,
nv the facts ard l. would -lGeet De incredible that
he Uriieo S.aies should for tae los; twenty yess
80 bsen oc,utied IN layng ou, vast upon rail
Uavs and hav. brought into operation more mi!es Of
Irfs thsn ErclsnG srd France put togstler i tles3
invt saIents had proved 20 6eraiiJ dlsastfpH d
would be naturally iGisfe1 IRON tae above stii7msut
of The Tfues / Is true OdOubt,that soAe l9es 10
tle Western S.stes have become blakTU9 aud = Is
cItsinly tIus ihst American r-l say st.remsnt aai
accounts ale Otter efficient IN lllness ana esarae-
ard are rot 10 fUch entIle1 % lmPlct con1-
c,nce The Times therefore, does good service n
recommending c8utO sLd wholesome eIcln3pec-
ton; but, the her hsld, j. c8uno. win iratH %
d. MED that great and solid success mas attended iny
of these inVestnens 10 the clted states, aad ,htt
n any Of them have been models u sOOd Judgment
al d prudent mans sgemeBt
The rsiwBysin in New. England being from the IA lfe
of the country somewhat costly yield on an average
dividends an ountirg to r5ihef more tAsa Y cent
Isg sbtsg, hsls ~ lAs STATS 81 -.S A..-, A.S'