The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-07

70
slight reaction then took place and the latest bargains
Were at s2ys 80 Among the purchases IN the after
banking Bank stock left off az 2s to 2le; Re-
duoed 927 TO 93 New three per cents, % to 9jS India
bond Jos TO Dos discount, and Exchequcr bills A. DIS
In the Stock Exchange loans on cov~rr. securities
are ootainable with case at betwcru ,a 80 emit Al
the bank the demand continues li-h 'n discount
market the rate for the best bills j. acct.
About fS5 600 OF gold was tskcl t,. bank to-day,
fS5 600 Of which was Russian
The f340 600 in gold brought by the Africa from New
York this morning Is expected to be nearly al sod % e
Bank o. England. II Ii believed to include large proper
Liverpool.
1t has transpied that the governments of Sweden and
Norway anxious TO promote measures which
have been suggested for obtaining financial AID IN England
10 prevent the permanent bre up of some OF tue extern
sve establishments which have lately failed in those coun
tries deputaton is now in London, and according TO
report the sum 10 be raised $500 600 The
application understood will be made to the Bank OF
England, and the principle of the proposed arrangement
seems 20 be that such Sweden and Norway
security the amounts requisite TO resu
Ciaie them carry them through will hand that secu
rty 20 the government will its value to be in
vestieaed, and then guarantee the Bank of England
from all loss The Swedish Diet said to have granted
the necessary powers. In Norway the Storthug
meet only three years, and it will be some
Vine before the next session takes place The
eegtve authorities, however, would, i is infer
pan Will be carried out as rapidly as possible, the
obe Icing 10 lesson the numbers tina, threat
ened with loss of employ from the stoppage Of the
chle' mills, furnaces ano other works.
The bills have oeen returned to day of Messrs Knsen
American hade. Their liabilities are believed to be
rather large.
rFrcn the London News (Cty Article) Dec 2s.I
Tho ;eeu Of the weekly court al the Bank Of England
on thursday next is looked for with much interest II il
universally felt that reduction Of two per cent in the
bank ate Is imminent The interests OF the Spectators
in the sock markets ~oud he best promoted by an mme
date reduction TO that extent bnt the reasonable
peoatons Of the public viii probably be satisfied the di-
rectors the minimum rate to nine per cent next
ThrsdHy and to eight per cent on the following Thursday
the last day Of the year. Sorc immediate relaxation i
evidently de maBccd by public opinion, and the posi-
ton OF affairs at least warrants reduction OF one per cent
not delay the ALTERATION. The demand a, the bank
up 10 this afternoon continues light, and from
the magnitude Oh the repay ments to the estab-
ishmcnt, its reserve must now be largely in
creased. Tho amount OF gold purchased by the bank
day was about 92OS 600 chiefly in bars and United states
CON- together with from Russia and the leyant
In addition about fl50oco in overeigus, the Africa
from New York stated have been sent into the branch
OF the bark Liverpool. The total stock OF coin and bull
lion is calculated 10 be approaching ten and half
millions sterling The return last published stated al
60 45o SIS.
In the Discount market the rate for good bills
low per ceut When the bank reduce their terms,
tho rates in the open market will probably be still lower
The downward tnove,ucut in the value of nancy
the Continent have fairly set in. Private
letters from Paris express anticipation tina, the
Bank OF France will reduce the rate OF discount TO
per cent at the end Of the Gold still flowing into
that establishment from h6 levant and from other quar-
tiers. At Berlin yesterday the Hank of Prussia lowered
class bills discounted al TO per cent the
EScbeQuer bills at per cent
and advanced. AZ period fresh rise Of a
per attained Some influential sales being then
pressed with view % realise profits relapse OF 4 per
lock place. towards the close renewed buoyaucy
shown and the closing quotations were . per cent
above those Of Yesterday
In the share markets prices uctuated the consols
but il some quarters reazatons predomuated Some OF
the specaors satisfied with the important advance al
reacy established eVnce usppsinou 70 ciose thelr ac
counts before the approaching settlement in the hope of
being able 70 buy again on lower terms for the next &C
covA.
A. Par. day three per closed at $50
DIV FEY money, abd 67.75 for the end Of december.
The decline IN the money price Is per cent ana IN the
price Ter cent, compared with the closing QUO
tatous ot yesterday. The opening quotation this morning
was a. high as g. .95 foi the account.
The other Continersal stock markets still rising
Frankfort and Amsterdam yesterday Austrian stock ad
yauceG !, per cent, ana at vienna q per cent Al the
latter city the exchange london has declined from
10 2.t 10 20. AT Berlin Russian stock improved 4 per
cent.
Corsos. which closed yesterday at SO, sellers for
the s,h Of January, advanced tins morning 70 s3a
o. gS 4. sellers" div. The official business report
rs ollows:-Thrcc per cent consols for money
(shrt) * with civ. ditto for account (an 81, 92T
tcs< qg qSis Q2a< g2- * div three per cents re
SO es- ass 49, 49, ga bank stock 2ls1s, NIX,
.lsI tire. and nall per cent exchequer bonds falling
payable M 1859 90 India bonds 2os. discount
izch,qrer blls we've dull at 3. "a Is dis.
in the iUreign stock market the days business was
considerable Turkish per cent were first marked
e6H Then pressed for sale a. low as o5 and closed
NJ a5sl 10 etgf the yesterday The guaran-
per cents last quoted at 1909 to l0lh
Brazilian, Mexican Dutch, Portuguese and other foreign
stocks we're inquired for, and IN some cases dcarer.
The foreign exchanges th- afternoon exhibited general
fall tho reductcn extending TO bills ON Holland France,
Frankfort, and more especially Hamburg aud Vienna
The quotations stu rather Irregular but the gene
raj feeling &C Change was mGe confident The down.
ward movement IN the exchanges OF course Calculated
20 check the influx OF gold from the Continent, but u
natural consequence Of the easier tendency OF the money
numbcr Of small failures continue to be announced
from Gay day 70 day tue accep;aneos OF two houses
were returned, viz of Mr Plato lasto spanish merchant
AND Gr Spcehi fcrcgn merchant In each case the
liabilities understood 70 be limited.
Iron tho London Times (Chy Artcle) Dec. 23
The quotation Of rold ~ Paris II about per mile dis.
count ana the sho, exchange london Il 1875 per 81
sterling Oh comparing tbese rates with the Ebglsh mint
price OF e. 17s l0lid per ounce Tor standard gold
appears that GOLD about 4lVa per ceui dearer IN Ion
cO thar ~ Pafis.
Tie course exchange al New York London for bills
sxy day sight 100 o. 1925 per oeBi for first class
paper Al he present. rate ~ discount here there cou-
sequrUiy pTuni % he Transmission 81 gold from tbs
county g. the United states
Tie iunc continue their upward course. Con-ols Tor
January oIered this morning al The closing quotation n
ye-tcrday-g27 aa dividend and steadily advanced
90 "a. A uurnUcr OF fctza'i0us we're then effected,
and caused rather sudal fall o. gZal but the market
rrga ned g. vnc the sri Official price being again
f25 a. l3 Willie sftef regular hours numerous ususac-
lion. took place atq8 &, . BANK stock left 2l7
90 IL 4, reduced go o. three Per cents esk 10
psh. fnda toni. 90 10 - discount aud Exohequef
ii,tie doubt l. eutcrtancd ,ha' whoa the bank dc
tcrmne O. reduce their rate ~ dscoun; Il viii
De q per cent, and tne rreoaohny seems ~
~ another o. similar kind Although the state
al the market would aprarenuy Justify AZ
lcrr made thursday neat owing ~ the desrebeness
81 accommodating large reserve before the payment ~
tae dividcuds There no question, however. n any
quarter that vii be announced before the close the
year
71s inland IN coruls from ne i0rc point during The
ygsure ~ Urs-r ids has tsra equal 10 "a per ceGs
The price then touched S6s ADD the last quotation
% day being 80 ~ dividend difference = shown OF o.
per cent Reckonlnp the dividend AT 81 los Ills would
bp increased bot the amount OF dividend which
had sccrues un 20 The end " October only 81, the
real difference y per cent The rebound, therefore,
has becr rather rapid than tina; whicb
va Witnessed sitor the pane If is4T. The lowest
tori then touched VS. 7pis and by the end Il
The Ye.r there was recovery divide,d which.
reckoning 81 for civitcsd, would give a rise ot
per cent or 4 per than the pres n Occasion,
suhouzh owing ne prices IN thst year being relatively