Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1858-01-15
Further Foreign News.


supposed that the account is somewhat exaggerated
Further Foreign News.
We Suboin the following additional extracts from oul
English papers to the I'D ut, by the Atlantic:
LATEST FINANCIAL Massachusetts fluctuated some
what on Tuesday the 22d, but finally closed at an adj
vance, the latest sales being made at 9316 931I.
The money market still easier; good bills were
sought after at per cent, and i'll few instances
they were done at /.
From the London Times City Article.
TUESDAY EvENING.-Little doubt is entertained that
when the banks determine to reduce their rate of discount
it will be to per cent and the probability to be
that even that step will speedily have to be followed by
another Of similar kind although the state of the
ket would apparently justify it at once
Some uncertainty is expressed to the movement be
Ing made Thursday next, owing to the desirabeness
of accommodating large reserve before the payment Of
the dividends There is question, however, in any
quarter that it will be announced before the close of the
year.
At a meeting Of the Joint stock hanks committee Il
was resolved to recommend reduction to six per cent
of the interest allowed on deposits.
The suspensions announced those of Lloyd Broth
ers Of London, picture dealers and exporters to the
United States, liabilities not stated SChwabe Go.
of Glasgow, liabilities 100000; VIM. Reid wholesale
grocery, Edinburg, liabilities 100000; Pinto Basto
Co. Spanish merchants, and Won Specht, foreign mer
chant, London, liabilities small
The banks continue to accumulate gold i'll large guam
titles Over 100000 was received ON ODD.
At Hamburg the rate for best bills ranged from
per cent.
The rebound in consos from the lowest point in DC
tOier had been equal to = per cent, and it had been
rather more rapid than in l847.
| 4 deputation from the governments of Sweden ant
Norway had arrived at London with view of obtaining
financial aid to the extent of it was supposed 100000
with which to prevent the permanent break up of some
of the extensive establishments which have lately aie
| in those countries
The London Times of the 22d reports American SC
curtics as without alteration the previous day,
gives the following as the business done Illinois Cen
trail shares II 49, dis; do. per cents, OF 10
II: n. Y. Central shares r.
| BY British and Irish Magnetic Telegraph
LoSDoN, Wednesday Morning, Dec 23d-1he Dali.
News says it is universally felt that reduction of tw
per cent in the bank rate is imminent The ineres
of the spectators in the stock markets would be bes
promoted by al immediate reduction to that extent, bu
the more reasonable expectations OF the public will pre-
badly he satisfied il the directors lower the minimum
rate per cent next Thursday, and to per cent
the following IhurStay-he last day of the year. Th
demand at the bank up to this afternoon continues light
and from the magnitude OF repaymens to the establish
ment its reserve must now be largely increased. I'll
total stock of coin and bullion is calculated to be
approaching Gl050O000
In the discount market the current rate for good bill
is about per cent. but numerous transactions tax
place as low as per cent. When the banks reduc
their terms the rates i'll the open market will probab
be still lower. The downward movement in the value
money on the continent seems to have fairly set in.
The News also notices sensible improvement a
length in the produce market Yesterday TUESDAY
there was rather brisk demand fo sugar and i'll som
cases per the best quotations of last wee
was paid
Latest Coasoly-Lonlon, u M,-Consos for accoun
are quoted to-day at 951s 9314 and the 3 per cent
at 9314 933s.
Lirelpool Cotton Market Wednesday,, P. Nh
sales to-day are estimated at 5000 bales, with stead
market Middling Orleans 61sd.; do. Mobile I'd.
Lire pool Share Jfdrket-VednesdaN , p. Nth
share market to-day has been rather fiat.
i GREAT BRITA1N-President Buchanan's message al
traced great attention in England. It telegraphe
entire from Liverpool to OF the London Journals
being the longest dispatch ever sent by telegraph
England
The London Times confines its review OF the messag
to the financial crisis and the Central American question
1t CONSTITUTES Mr. Buchanans remarks Oh the former sui
jet into a tribute to the monetary SYSTEM of England
and commends them to the attention of its readers. o.
the Central American question the Times says:
I'VE have much pleasure in receiving the asSuranc
from Mr. Buchanan that the interest of the two coun
tries IDENTICAL being confined to securing safe tran
sit all the routes the lsthmus. Let the
merican government give proof of this and we are sur
that matters will be speedily settled.
Common sense must tell the Americans that in thes
questions we are strictly ON tie defensive and the mos
inveerate declamer against England cannot deny til
conciIatory spirit in which she has treated them Blu
we ean hardly be asked to give up the treaty of I85
without guaranty that all its important provision
shall be reenacted and the whole series OF irritating dis
putes brought forever to an end"
The London Post lauds the message and says :
This great state paper both from the friendly spiri
which it breathes to foreign nationsem the deernr
alton which it expresses to put down the arehheesy
Mormons and to repress the niquities of busterisn
is highly creditable to the moderation, Judgment an
of Mr. ss 81
The Daily News praises the frankness Of the foreig
policy of the President and says that in tone am