The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1858-01-11

PROMOTE the arrangement and the atenda at that
the cash department The Stock Exchange will be entire
ly closed
The foreign stock market continues active, and prices
generally are firmly maintained
The final quotations Of the erch three cents on the
Paris Bourse this "wednesday evening OFF 60c for
money and 67f &c for the end OF the month"; showing
N the latter advance Of nearly quarter per cent
About fiso 900 OF bar gold taken to the bank to
OF sovereens expected from Ireland and the Fulton
from New York. 10 morrow wi it Is thought bring about
100000.
is understood that the various London joint stock
have lowered their rate OF discount to day for the
best paf,ef TO cent
The bar silver brought by the last Yves, India steamer
has been sold at 81 sd per establishing echhe
from the highest price. Dllars are very scarce
and the email quantity received this occasion has rea
Lied ooSd., being an advance OF =
From the London Times Getty Article, Dec Isl
The Bank OF England have reduced their rate Of discount
frorn 10 per cent al WHICH fixed on the yin oil No
vember last TO per cent The fucton Will also apply
TO advances government, securities, &c, III the dvi-
depds.
or cou-se, simultaneously with this movement repay
ment has the e. 900 600 or over issue
toned by the Bank Indemnity buL ehe circulation,
therefore, Us former condition, and the
amount OF Bank OF England notes IN excess OF fl4 Ats
600 will be regulated entirely by the eiox and influx of
bullion. -
Tie presep, measure generally looked for by the
public, and will doubtless DO fully justified by the Ga
aee return published TO morrow evening Since the
preceding return the arrivals of gold have been contnu
aid there IL little prosecf Of their immediate
lien Ia the panic OF 1877 the maximum rate OF
per sect was maintained only for four weeks On this
occasion 10 per cent has been continued for nearly
weeks
The Epglsh funds opened this morning at an improve
ent OF one eighth and subse luenty exhibited hrmneSs
cousos for January we're first quoted s31S to 9S4 OK
DIVIDEND and occasionally during the day there were buy
ers a5I AT the close 20 was the exact price The
reduction OF the bank rate discount apparently not
mep being made al about bali past two 10 the afternoon
Owing TO the extent To which had been anticipated the
Measure produced little effect the market Bank sto;k
left of at 2l7 2lSL; da bonds 30s 20s discount,
and Exchequer bills IS. discount to Is. premium.
In the Stock Exchange money is IN iuli supply
ernment securities at from to i've per 1.-THE Bank
Of England after the the rate there au
active demsnd. IN the discount market choice bills
negotiated at TX.
Tie houses have reduced their rates of allow
ance TO II per cent for money call and 6A with
days notice: The JOINT stock banks resolved day or
two back 10 fix per cent their all depo
sits and they have, therefore, not made any further
alteration.
stocks generally at fcrmer prices
The nnal prices of the Fpeuch Three per the
Paris Bourse this Thursday evening 67f Csc for
money ard GIL 75c for the end of the month showing
decline OF an eighth
In the foreign exchanges this afternoon the rates upon
Hamburg and Paris were rather lower but Amsterdam
about the last post The business actually
transacted a. unimportant
About ESQ 600 in gold taken to the bank to-day.
Another satisfactory sumption has been announced
house in the American trade. Tie suspension OF
Mesers + b. Coddngton Co. iron merchants of Liver.
pool was mertioned last month, but has proved be
but temporary, the firm having only waited until they
could hear from their New York house This house,
ishment account Of liabilities acceptances of other
parties who had failed did suspend pa ment but by
return steamer enabled the firm on this side 10 make
satisfactory arrangement which has Just been effected
with the holders of the acceptance which they
pay them in fun with interest and resume their business
The amount paid into the treasury Of t1e East India
Company for bills India from the 9th TO The 2tth is only
81 ,7S2.
In the railroad market there hiss been general
ccvery a y 70 per cent In American securities Hi.
nos Ceniraa were Tat; Central Michigan, however,
showed increased hrmness.
Prom the London Post (City Artcle), Dec. 25.1
The reduction of the bank rate OF discount two per
opinion having been that il reduced at all to-day il
would have been per cent ouly and another one per
cent Thursday next IL mes, however, given great
satisfaction in all quarters, much &c shoss that
the bank IN so improved pcsoa that half measures
have not been necessary, and The further aid Of the
government letter be safely IL rcrSed With We are
again unoer the Bank Charter Act rGgin'S, aud
there seems TO be no ground Tor apprehending tina,
its destructive influence viii be !c Tor some time 10
come Il cannot therefore, be charged TO the account
OF me directors Of the bank, under the improved
circumstances OF the insttusn that they have acted
prudenuy in lowering the value Of money this week, IL
beng considered all quarters certain that II must have
been done on Thursday next, II day. The effect
upon the general money market has not been apparent
the rates being for the most part nOmnay they
yesterday owing N the small amount OF the demand and
the OF bills IN the market being too small tn create
much competition for the time being The joint stock
banks understood, have the most iart, decided
cent Ter anpum The rste allowed BY Messrs Ovcrerd &
Co. upon money at call y OF per cent and at seven
Gays DotCe cent; ana Yet the LONDON ana Ma
Nona discount companies have made alteration in
their rates.
prom the London Times (Ci,y Aruclol, Dec. 26l
Tins being Christmas day, u has been kept "a close
holiday in the stock Exchange aud a the bank and all the
public offices.
The return from the Bank a England for the wee;
endne the sd Of DECEMBER gives the following results,
when compared Will the previous ~eck;-
athss DEPOSITS isiSisis iDcrease.. $500
Rect. ...,........... 3,b42,o40 Increase. nos
ON the other side Of the account
Da.r .ptD
Other securities rs Oss is6 Decrease 30. ,76t
Eotes unemployed. 7A2e,67o Increase. $50 1926
The Of notes IN circulation h f1Y 257 2D being
decrease fs5 4sO; and the stock OF bullion IN both
departments - 3l0 Jb5,bsl, showing an increase Of
81 O2 400 when compared with the 81 scedng return.
The traffic returns Of railways In the United Kingdom,
published Tor the week ending December H. amounted IN
f4l5 $40, aud fer tie corresponding week OF 1850 10
f42s 900, showing decrea,e of 1880 The gross
ccipt q the eight railways having their termm IN the
metropolis amounted for the week eucng a. above b
els O66 an for the corresponding week o last year
GlSl ,445, showing decrea-e u Gs3se.
Ifrom the Liverpool Tim = fCiy Artce,) Dec. -
The tone ~ commercial afars has been improved N a
marked during the past week, nssn sed by the
reduction by the directors q the Bank Of England ycser
day al their weekly parlcr, acr prolonged Gclibera
ton Of the rates Discount, rom 10 90 per cent Th,
step the part of the bark directors has given general
satsfact'on.
The money market has been easy and The fall in the
value OF money has been rapif-to much So that the
Bank u England ior some days past hNs had little
discount business, and fee applications FOR accOmnoda
ten This circumFisnce, together with the large repay
ments steadily flowing (eaing 70 & apid increase in
the reesfve the bulk II the recent heavy arrivals
finding their way into the Bank u England has
forced upon the directors the necessity &c
once lowering the rate oi Discount per cent ami
ddent hopes are entertained that another reduction
will speedily follow, and tha, early the year the
minimum will he q, al the highest, per cent
The JOINT stock banks anticipated the movement Of the
Bank Of England and hsve announced their determination
20 allow than per cent for fresh deposits.
large amount Of money scekng investment in govern
meut and the rate for oaey the Stock Ex
change pcr cent from day 10 day, and cent up
the settlement IN January. Tho arrivals OF gold have
been ~ fair extent, while the exports have been incoa
sidersble.
The Csuer,ssi Daily La says the eject OF the reduc
ten the bank has been fall Of nearly cent
Otbef quarters Bls q first rate character done AT
other soceptaDoes range at - TO- The banks have
eive1 notice that they will money call per
cent and ca deposit II 8
There novelty 90 remark IN the bullion market
The arrivals OF gold have been ierable tins week
and the England has been the principal perchaser