The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-07


THE MONEY MARKETS IN EUROPE.
~~~>s~~~~~~>~~~>~~~~~>~
The Eject OF the Increased Rate OF Interest
Failures In EurOpe-ExpoFt Of Bullion.
From the London Times (City Article,) Oct. 2Z1
The funds show undimnished frmness, and although
the highest quotation reached during the day
maintained the market closes Mt advance Of eighth
as compared with yesterday Consos for money which
left of last evening at SS's to M opened at ssS and
were firm at that improvement for some time. But al
though the public continued 10 buy largely the rise led
some speculative reaztons and reaction took place 10
ss 10 y. For the 10th OF November they touched 80,
and closed $50 Bank stock was quoted 2Ia 70 2i4
Indin Bonds sos TO 2os discount and Exchcquer bills,
In the stock Exchange money s in good supply for
loans on government securities at from to 81 per cent
although u 's believed several considerable sums have
been taken out on stock Temporarily delivered for the
purpose, and which will ultimately hav. ~ be replaceda
circumstance favorable TO the prospects Of he market
At the Bank OF England today and out Of doors there
| absence OF pressure.
Foreign stocks have been firm with limited business
The final prices OF the French Three per the
Paris Boursc this evening 66f 7sc for money and
66i zoe for the end o. the month showing dai market
but no material alteration AZ Vienna there has been
renewed tendency to depression.
The phmncan has arrived from Australia with loooo
sovereigns and II ounces of gold.
The advance in the bank rate N per cent grdty
10 hare checked the eylortdton Of ed 10 Nsw York Tho
Arago, from Southampton to-day has taken out ESQ 900
from France but only 81 800 from England, while tho
total by the City of Baltimore from Liverpool only Es-
200 II oas intended 10 send f2oooO BY the q usiset
bit the bank movement caused hs principal Iton 10 b
countrndnded The quantity OF goods bong forwarded
is very small and this fact viii tend @ improve tho
Thndla Company have given notice 10 day of further
rise OF per cent in their for bills India On Ben
gal and Madras will now be 2s I'd and on bombay D.
2i.d. This will meet the movements of the bank
and totally preclude all applications, tho object OF tho
company being evidently to avoid renchng in any way
nfon the financial resources Of the local government The
measure will not produce any eect OF serious kind
this side the amounts lately drawn by the India house
under the previous rates having been comparatively in
significant
The bar silver brough, by the la-, wes, India packet
has been sold Mt oi,.d., showing no alteration.
The Paris letters day state that at Angcrs rceirsr
general n asss has suspended through Bourse Tecaotions
With d.fcit in his accounts Of ftoo o00
The railway market opened antiy but Afterwards
rcccdcd in sympathy with the funds, and closed at
ducton from the last prices o yesterday Great wesern
Of Canada improved tGrng ic day but aftor oai hours
were rather fller. Tere variaon In other Cam
dian descriptions Or in fst dar. Towards the close Of
business rcnch shares showed some weakness owng 70
sgtB,s hR haliioa Il bldg ,ciildson from ne Bank oT
ftoso, fog hi,a.t p Sao Jp,t American securities
were iaacvc Illinois Central slightly rcccdcd and an i'm
provement occurred 10 the shares of New York Central
from the fondon Times (Cty Articie) Oct al
The funds continue N exhibit great steanes and seem
Rey 10 remain without much further alteration tl the
cnl q the week when fresh may be looked for
bvh ium tine United States and India Consols Cor mo
ssi, ssA and experienced various minor aartaa,oss
until the afternoon, when advance occurred ss1
Ssss from which there reaction. For g. Ieth of
November the last transactions we're at ssys so. Al
though money continues to be temporarily borrowed
consos the rate IN the stock Exchange is not than
per cent the market having been abundany supplied by
the recent investments Of the public. As tho
amounts available from the dividends have now
mostly been employed, these Investments must be-
expected 10 diminish, but purchases today still
prcponacratcd upon balance CoHfdcnA supported by
The pdnss Of he gold remiidnces by the aeapevs yesr.
day % the Und saies but the Canada on saturday R er
pected ~ take considerable total policies having been
opened fos about GOO 600 Bank sock closed At Iii
213, and India stock, 2Os 2io India bonds very
Sheayy, and were quoted at 35s ass discount In IL
ebeqper bills there was fractional Improvement, the
hnstlJ~e being Ia. n y. discount.
Thfmnney market is exceedingly quiet and, owing 10
the absence q any important failures and the signs Of
general stability among the leading mgnufacturing and
shipping firms throughout the country, very
satisfactory feeling H observable. Uncertainty stli
ihor upward movement tho part Of tho bank,
but the question will, perhaps, be solved
before the LAPSE ~ another week II Is said that
Of an advance above per cent being adopted the JOINT
stock banks not likely make any their
rate of allowance for customrs' deposits Their present
rate per cent aud under any circumstances this -
most probably be their limit movement In the bank
minimum beyond s existing pon, would obviously be too
based upon H. The demand TO day was comparatively
Moderate both al the bank and out o. doors In in
stances choice paper has been negotiated a,7x 7 but
IN quarters the bank charge upheld on six onths
his per cent has been paid N sdn snpiodsaH fea-
,s ara s, % % sad sss ~ ss'S ssn,%'~ sSS dS4 s~d az S
incr,ds>, az there more Australian arrivals 70
e = oo'.n,.d won at p,ssst oaa D. syTd en,y "
said 70 have been taken 10 day Tor New York Tho
amount Of silver 70 be provided for the nexs overland
mail on the 9TH of November will depend upon the fresh
quotations % the Indian and China exchanges shortly 70
be expected by telegraph but more than feooooo un-
The foreign market has been well supported and
prices show considerable irrnness.
The closing quotation o the French Three per cents
the Boursc this evening was oof 75c for both money
and account, showing q fractional Improvement The
letters do not describe for accommoda
ton and IL sad that discount can readily be obtained
|. 4. below the rate of the Bank of France
Al Hamburg the rate has recedcd from o.. per cent
Numerous suspensions continue 20 be announced tho
continent, especially among manufacturing nrms in Ger
many. Al Vienna, the Credit Baak, 70 alay the alarm
caused by the stoppage Of Messrs. Boskovtz Co, of
r~~th cr E207 600 have agreed n make Temporary al
vance 10 the creditors equal 70 about 30 per cent their
claims.
A, meeting ths afternoon of the London Manchester
and Foreign Warehouse Company Mr. Cc~teker in the
chair the resolution passed at the meeting Of the 2st OF
Sepfefnber " wind up the undertaking voluntarily Was
confirmed with one dssentient In the discussion that
took place on the Of management several share
holders expressed their full reliance the present Board,
vote Of confidence in the integrity Of the directors was
passed. They accordingly appointed ofc al llua-
tors 10 wind up the eetate u believed that - per
share will he returned 70 the proprietors - .
OF Mr.. III 8 Bright the amount of debts proved ~As
E101 ,437. Messrs. Rngrcre and tuan sesgn' ~ere
appointed assgnees Ahr Bright vas tnen cnufra eeiofN
the magistrates wifi The forgery = tne n
six bills Of exchange, and the afIroWir ~ w Y
forged transfers ~ 2O2 sres ia the YORK Newcastle
anil perujct Railway. belonging 10 the late hr. Taylor
Tho py,soner's partner and Mr.. X y layor his son.
Afer hearing evidence Mr. Bright was remanded 70 Wed
nesday next ....,-..-...- p..... -. .--..
,,,,S sn.rle "a the amount of f2s 500.
pa,oad shares opened with laness, the leading rabo
e,n,ns being viewed 1nfavOraby but rally subsequent
4, ,s.k pacc and the market closed in some cases
nam .ivapee feared that the Interruption of the
,n,er,ren ana Indian trade tie high u money and
,he closing the Manchester Exhibition will Affect fute
rece,,,s on the northern N colonial deAcrptkns