New-York daily tribune., 1858-03-31

The Lo1doE N,rs, Of Tuesday. ltto, 'ays
TroUgbou; TIE Sto,k Exchange Business reaHaIn'
very stsgnant. sId to-day r-neNed depression pre-
yaile1. Aaer an extreme isll Of y cent the iunds
closed & cert lower than yesterday. frnding lAe
e1p!aLatio ~ expected r, Lord DERBY, spec4 at'r
.yiuce t,l= dh position 70 operate. Statements 'hat
he estma:eC reyeLue for next year presents cosd-
evable Cefcieucy, which may perhaps have 70 be me-
b. the maintenance ot the Income ~ at II pres snt
rae siso 20 exercise preJddicl4l lhhue0'e,
which the N Of further extensive n2' ~
81 gulc lied TO cOIut-ract.
A. lie Bank tJ-day there were Ielther Wlthdra"aIs
nor purchases u b1.hon.
L. tie discount market the rate :ornTst-cas 5i9 =
uairs A, .Io.l D. cent. .th moderate denard.
A. tie Bank tie sppLcat. Or tcdsy were upon qUeI
cae. ,,
American RAILWAY Securities the price OF which
were durpg heightened period higher here than si
New York DO Lot respOLd TO the r-e 10 tn tt market
Aier me- aowaiee for the difference OF eAeha9se'
New York and Erie shares are quoted 10 New DIX
at price equivalent 10 - here, anu limos CenIal
shares at price equal TO Il discount. Toe closing
quotations the Stock Exchange this evening were
TesJectiSely - -, and al discount.
Tie Ne1rs of the 18th says:
Tie Bank OF England have Just determined upon
some mOcifcations OF the practice which has prevailed
in spec Of TRANSACTIONS between themselves and the
dscourt houses. Hitherto it has been competent for
the latter if they were IN want in money, TO carry
bils To the Bank and get them rediscOunted 10 ssy
truth this s practice of which the eadIng esaolis-
meLts have thought it unadvissole TO avai them
seves with the exception, perhaps, OF perlods OF eh
ne pIessure but there IL room 10 DeieNe tua tue
less important firms have very frequently sent IN
batcbe- of bills for re.1lscount at the Bank.
Tie Bank are apparently of opinion that the opera
tior of Til system less u their own advantage than
10 that of the discount houses aud they have Just
noiiied that heLceorward they will decline TO re-dl.
count the bills OF these parties, although they vi:
continue, when applied to, to make short loans or ad-
yspces upon such securities. The Bank doubtless
wish to render their own position as independent AZ
possible OF the transactions OF the other dealers IN
money. The effect OF the decision now adopteC VIII
be to render the discount tiins especially those pos
sessing but little capital cautious in pro portion
az tie facilities placed at their disposal by the Bank
are circnnscIibed.
Tie step now announced has aso a tendency 20 dis
courage petition by diminishing the resources
Of the minor houses, and 10 this respect may prove
advants geOus 10 the great discount establishment in
Lombard street. which, having very large capital at
s back, is the least dependent upon extraneous re-
soufces and the best able II need be- to keep large
funds in reserve. Tie Bank have pertec. right to
protect themselves, and to endeavor to Obtain tho
possible degree of advantage from their emil
nj II roston: but whether the measure now decided
upon will tend to the greater sccommoda alton OF the
public at periods when that accommodation 10 most
NEEDED 10 open TO question.
The Loncon letter to The Manchester Guardian,
dated Tuesday evening, says:
The Money market keeps very quiet and easy. All
the banks are full TO oyerOwng, and all complain Of
the scarcity Of bills good bad and Indifferent. AZ
the Bank Directors have announced their Intention
not TO accommodate any OF the bill brokers, II Is by
some persons considered likely that they may now
duce the rate Of discounts but there Is 10
clude that they will not at present 90 lower than the
present minimum.
The London Tnes Of tie 10th says that on the pre-
cedins day, Illinois Central, New-fork Central aud
Erie Railroad securities showed increased frnness,
but tie actual business confined to sales OF New
York Central shares at So and Erie 3dmorgsge at 78
Tie London Daily Ners of the same day says;
Canadian Railway shares were decidedly heavy. Al
4 ocltck Great Western of Canada shares
quoted Isl l9s fall Of 5s TO -. Cd since Saturday
aiternoor; and Grand Trunk of Canada T. iS-a
iall OF & cent.
Tie following s the weekly statement of the Banks
in Philadelphia:
CONDITION Of tie Banks in Phladepha for the week