New-York daily tribune., 1858-02-01

specie psyraeD;s, They receive large amounts "a
specie over their counters and pay every one 10
tha. demands it. The money market CONTINUES cay
asa9 y cent prime paper.
The North adams Ners states that Hsupt Co.,
the contractors are 70 commence operations upon
the Hoossc Tunnel and the road leading from the west
of the mountain 10 the Vermont State hne, and that
thew will not wait for any further action Of the Legs
la,ure on this subject The finishing up of the seven
miles OF the road, the heavy grading of which has
already been completed and the removal OF 600 feet
Of footing in the tunnel VIII enable them 70 avail them
selves of 400 coo of the State oan under the provs-
ions Of the existing law.
The returns from the Bank of England for the week
ending JAN l3 gives the following results when COM
pared with the previous week;
Pubic deposits. g. ea5 sS ... Deer 5Soeo
o'teT deposits 1 1 as q iS
On The other side of the account:
Government .eeuIite' ss Is ss5 Tncress S tSS1 ,a
Other eerie s,I IS
The amount OF notes in circulation is $l9,67l,'3O,
being an increase of $l7272 and the stock Of bullion
in both departments is fl3357 ,O7, showing an in
crease of t7l39l when compared with the preceding
return.
The present minimum rate Of discount, Z cent, TO
which the Bank OF England reduced JAM l5 is just
Al
one half the figure which ruled previous to Dec u,
and the lowest point touched since the 9TH OF October
1870 a period of more than fifteen months. This is
striking change IN the money market to occur within
the brief space of about three weeks. Large amounts
of bullion have been flowing into the Golfers OF the
Rank for which there was very little demand and II
was evident that the position Of the institution was
strong enough to warrant the reduction, which was
preciptated too by the fact that good bills were be
ing discounted in the open market at 4l@5 y per
cent while the Bank charging 9 y cent. further
reduction il anticipated, but this will depend upon the
continued influx OF bullion for few weeks-a result,
however, which we may count upon with certainty
taking shipments from this side of the water as an in
dicaton.
The circular Of Mr. Satterthwaite says:
There has sctive inquiry for Auea Securities
for during the past week IN LONDON Bonds weI sc
cured by moresge roads Of undonod cIed ana I
hav. chiefly sought after Michigan Central Bonds oS
and the issue Of 1892 have been IN GOOD deSsnd
York Central Bonds have also been freely dealt IN rom
s. 10 S6 and the az 81 81 large amount ot Ie'
1894 brought 20 and subsequently "a has been paid Tor then
The unsecured bonds meet with little syor esPeelAy as
scarcely expected any interest Gsh 9e psia on S M Jne in
Sl, Of interest or payment the sinking fund it Is possible
provision may be made to avoid that continsency , .. -.
P.nnsylvaris Central Bonds have been In good request
hisher prices Illinois Central shares have been neglected h
sp.culstiye demand having, for time ceased Sonsuuco
shaes have demand at H. but close sellers So rnces
his about the whole difference exchange hgher
than those BY the last sdvces nom Ne~roI h
ehaers, however willingly pay advanced rses P,esEk
the reduction the Bank Of discount from 20 sne D
.equeniy cent will have reacted sVora0y on the Ne"
Bank England have reduced the Of discount 10
cent and their constantly ceasne Saey
accumuang from all sources C'nsols close a. Si1sf ot
mon aud