The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-20

The failure N q correspondent At vJ8oe. They he'd Q re-
small, and a satisfactory diyidend seems to be anticipated.
FLUCTUATIONS IN oossoLs IN 1857. q.
Prom the Lond IN Tnes (Cty Articie), Jan IL
The Engish funds opened this morning al an improve
ment OF an eighth, but ultimately Experienced q slight re-
action. Consols were first quoted ass 10 81 ex-dividend
announcements of any further reduction in the rate of dis
count, a decline took pace To 49, which vas the price al
were buyers at 93%. The next account is fixed for the
alb OF February, and the transactions for that period were
nj Ah TO = Owing TO the settlement in the foreign mar
ket, loans were In increased demand, in some cases at
high rates, but on government securities they were readily
obLainablc al from 4 Y To 8 per cent.
There was only a slight demand for discount at the bank
today. No new failures were announced, and the year
has closed more fsvorsbly than had been anticipated.
Foreign stocks are steady, and show no alteration of i'm
portance.
The final prices Of the French Three per Cents on the
Paris Bourse this evening were 6sf. SOC. for money and
osf: 4oc. for the present account, showing a decline Of an
eighth.
Abou, sss 900 in gold was sold to the Bank to-day.
II e stated that the small loan for Norway will be in
bonds of f5oo and 81 900 each, bearing interes, at 7 per
cent, redeemable in IL and Is mouths. The amount first
contemplated was f22o,0N, but it Is thought it will be in
creased.
Annexed are the stock and share fluctuations during
the past twelve months. Throughout the-whoie period the
extreme range of consols was s per cent, tina: OF the pre-
ceding year having been loa., while in 1855 it was y. per
cent. The highest price, 94H, was touched on the first
S day Of the Sn: ys s'a:r. ss s sss !Sss ,ss s sen on , the d 18th Of
prioee shows only a decline CT Il per cent. In railway
shares the average range OF fuctuatop has heen a, least
~ - Nthet WHY do uHel TteulbS " VI n very
varied character, a considerable rise being observa-
bic in some instances, and a heavy fall in others.
oomm rSsasas me sshS s, Su 1sS aos. Its amount mount. at the
s40,652 on the 18th Of July, and declined to
Sc, 4s4. oe6 on the 18th of November, six days after the
Esd instant it stood at fl0, 753, 2sl, or f57O, 1875 in excess
OF the amount held a year ago. At the Bank of France
the fetal at the beginning was CT $50, 900, and by the mid
die Of June it had increased to ell ,4oo, 900. 1t receded TO
its lowest point, e. ,5S0,O 900, in November, and is nov sup
posed to have recovered to about eli .OOO. 900. On the
Paria ROur9e the advance pata hishad has haap y rant
a movement precisely similar to that which occurred in
1856. With respect TO the declared value of our exporta-
tons the Board of Trade tables thus far, which comprise
only eleven months OF the year, show a total of els ,007,
1e6 against fl05 ,s45 ,63l in the corresponding period of
bank rate OF discount, which were eight in number in
1856, have been nine on the presentoccasion. In January
che rate was 6 per cent, in July it was as low as 5h In
November it was at the unprecedented height CT 10, and
II Is now s per cent.
Messrs. Palmer, Mackillop, Dent & Co. have issued a
circular to day, announcing the retirement OF Mr.. John
Horsley Palmer and Mr.. James Mackillop. Both these
gentlemen throughout a long career have been among the
house will henceforth be Dent, Palmer 4 Co. Mr.. r. W.
Fall has been admitted a partner.
From the Liverpool Times (Cty Article), Jan 81
The money market continues easy, and the demand for
at the Bank OF England has been daily OF
a moderate character. In the discount houses good paper
has been freely done t u to i per cent, and the continued
flow OF bullion into the bank led many to the belief that
the directors would have found themselves In a condition
yesterday to have made a reduction in the rates OF dis.
count. The opinion generally prevails, however, that
early in the year the minimum rate will be 6 instead of s
per cent. The recent heavy purchases Of bullion by the
Bank of England out Of ahe late arrivals from Australia
and the United States, and the return OF a large quantity
OF sovereigns lent TO the Irish banks during their tenn
porary pressure, all tend to show that a marked
Improvement will prevail in monetary and fnan-
csl affairs on he assumption OF business. The
amount OF bullion held by the Bank OF England
cannot be much under twelve millions. II is
not likely that the demand TO meet the engagements
falling due en- the sth OF the month will exercise much
influence upon the market, neither will the payments Of
the dividends due the second week in January, nor the
banks resources, be strengthened considerably BY
the maturing OF bills discounted in November, during
the pressure. The joint stock banks contemplate the re-
duction OF the allowance on deposits 10 5 per cent, the
desire on the part Of the public to invest money being so
very slight The Bank Of France has reduced its rate Of
discount from 6 to 5 per cent.
The return from the Bank OF England for the week end
ing the 30th Of December gives the following results when
compared with the previous week
Public deposits. CT ,443, 6l3 Increase ......... Ella sos
Other deposits -. rs, ,971 Decrease ........ Tss4T
Rest ........... 3,55s, 70S Increase -. ....... 10 ,66s
On the other side of the account
Government securities. Ct SAL ,49l Increase o.. 60 ,04s, 735
Other securities -. .... % ,2q9 ,sl5 Decrease o.. 7ss,36s
Notes unemployed 49,. 6,063 ,ss5 Decrease .. l,669, 495
The amount OF notes in circulation is clio ,3l5 $50, being
an increase OF f5s ,s50, and the stock OF bullion in both
departments is ell asa, e6l, showing an increase Of
f7ol $50 when compared with the preceding return.
There have been considerable imports OF bullion this
week, principally gold, of which the bank has been nearly
the only buyer-havng taken upwards Of half a million
sterling, The demand for silver is very limited, and lthe
printed prices can only be considered nominal. Next
weeks pscket for the Fast will take out only a small
quantity, and it Is reported tina, a considerable portion Of
the large quantity recently taken for Hamburg viii
speedily be returned.