New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-06-17
weeks, compare as folio VS.:

On and after the LIST Of July the rates of toll and
transportation on the Reading Railroad will be in
creased Ice. y tun. The Schuylkill Navigation Com
psny give notice that the toll will be increased l0c.
tun and after the LIST of July, and also that the
Zoe. y tun heretofore allowed as drawback on coal
sent to Philadelphia will be discontinued.
From The London Toes fcity Ar,iele) Ju,ss.
The Bank Of England to-day have reduced their
rate Of discount from AZ cent at which it had stood
from the 9TH OF May, 10 8! T. cent.
As transactions have lately taken place in the open
market st p and y cent, and as the Bank discount
no bills having more than three months 10 run, the
poprety OF this movement cannot be questioned. IL
affords sign, however, of any changein public opn
ION with regard 20 the contingencies TO which the
money market for the future be exposed When the
actually commenced month back expected that search
~ Of capital IN the London would be Of It's immediate
results Indeed The contrary snos. certain 20 be the case
proportion contraction Of trade that might
The preston simply that, would hencefoh be
daily possibility o extraordinary being announced without
yove any special Of ade n d..urb~nc prudent
prise.
In meeting this simultaneous de.nd the banks and discount
houses had merely determine the additional charge that would
fairly compensate them for the rsk They at least they
should have now that there had been sudden expansion OF
trade 70 produce cal for pita and consequently what
ever they might would them the shape of de-
pois interest All that the commercial community wanted
financial establishments willing bills at
At and receive back the money 81 undertaking the
liability Of producing three notice whenever il might be
required the bssinwhch merely equivalent 70 payment
a, the rate y " for insuancwas clearly
public The discount houses and joint
baLks find that they did sufficiently estimate the
performance Of the drust which peryades the
mercs world to future political possibilities II appears that
beyond ali their expectations they flooded with the
which the traders Of the enough To wish 10 de-
post such the certainty Of having With
IL call.
Hereupon endeavor made the difficulty BY
ducton their discount the hand and Of allow
position lie. onerous because q margin Of y tells better
upon discount Of 81 than OF ~ But t Is scarcely sssfso
who discounted bills A. under the impression
that the would be received back them 81 be
told shortly serwed that the allowance Is reduced to 81
Where they calculated upon paying insurance Of y cent
point between the discount establishments and their clients
The only thing be- shown present that from the sut
Of being indication OF Of confidence, Is
the strongest proof that could be afforded the contrary.
people will cay But the rise in CoDsols shows that
being absorbed In that marbe aud this clear
that the DIST has become less" IL fascy however
suppose money be absorbed in the stock market For
every buy there be- seller and when pays COO for
stock which he bought Of the simple result that B. in
stead Of A. the person seeking 10 nd employment for the
Any increase the abundance OF naturally
holders of stock disincIed SELL because they
what they do with the proceeds and there always
certain demand for stock ON the part not merely Of those vho
pce but settlements and for the
Accommodations account Of public institutions the market
certain tend upward long there drain or bullion and
the action of the commercial community seeking discounts
merely precautionary The fmness Of nsos would there
fore be very Dad Of the actual opinion Of capitalists
judsment b. formed other considerations aud
will that The horizon present 10 free from
warnings that would be rash regard the existing rcvuon
permanent return to aid safety