New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-05-12

In gland. a, their weekly court today raised their
nil in rate Of discount from To- - pr cent. "A
A. vance 70 pr cent Considered certain, bn, the
urasur, TOW adopted fcl upon clrces To- the ma
turr IF a >uTI rl.e although its possibility raj not a.
l. cetl " escaped scussiuH ~ >"rc quarters dRriay
the lat two iays. At the time, Ia the existing
critical condition 81 i,rvi-n politics, there l. 30 dsp
.iti,p H. cnvil a. tie pTuuliltu Ui action displayed
bythe Bark Decisive instead % half measures aeeari
best with tie pTc,,Ii phase W The public mind. his
pt,bhbe that tie cNVnsioh at the ar Of disturbance
IN the Cor tineIt M loug, cause the diversion 10
til, county ter >af, ke' plIg 81 large amount u
foreign capital released To" IL ordinary c.annel 10y
th, parAlVsl, Il trade; bat, mean" hhe IA" alStFeSs
# tie for gu markets may simulate attempts 70 pro
crr, Ten uorsrv >i,tatce from ins SHE. A. likely 10
ocfrat thee. efforts ad To- check the drain OF gol the
get ON Il the Bank # IL gland j. gei eraly regarded In
the hyht If prudent plecsuton. ~ a Poi"h "hen
cur trade presents few features 9gstve oi Anxiety,
the effect If o-lays measures upon oar home Interests
scarcely prove olerous. Three AMI u'h pr
cent after al, l. very moderate rate Tor money 1t
tie manage ced b. ,Cca>Ousi f the commercial COM
nuliy recognize with coridelce the comparative So
loity of their rreseIt position, and abstain
h,m any movements cacaiated Ia aggravate
what nay otherwise prove merely mo-
ueltary pressure IN some quarters where loans
appear to have been accorded with unlue lacndy
II ere is the usual reiusal OF accommodation
l., ans hastily called in and uinch Ih."iNenhoiee
,ccasoued. Ills rash and spasn'alc poley treaty.
Ia be deprecated. The mercantile "ofd, on lien
psr are called upon tn exercise certain degree 81
;, fresrsut II * idle 10 make provision IN eNeess Ok
a
of sirena III, ming ones banker baiace. Should thus
example spread, the al, su,age will be exclusively
cor fiied 10 tie noIey dealers. while the ncon'e-
nieice NAV be generally dhuscd.
The den ant at tile Bank to-day Wa large but not
so leayy as Yesterday Applications lodged PRIOR 10
tie sitting Of the Bark Count VIZ: III oelock-"ere
literally admitted up"r the old terms In the general
market the rates have been mt once modinei IN ac-
cordalce with those If the Bauk For good biiis up
ia o. DAYS the rate ~ Lombard street Is - per ceh;
and up to % days, 3, To per cent. For paper nav
inc rgrr period run, higher terms are demanded.
The JOINT stock Banks have raised their rates Tor
dep, sits from J, to =! per cent. Inc LONDON anu
Wtsin usier, b, wey +, allow only !! per cent Tor
sums under ESQ.,, Messrs. overend, 'iurney ~ 20;
now give :. per cent ter money payable on de,hh' "
Ter cent subj ct To- three days notice of withdrawal,
and per cert with seven days n"tce The Two Dis
J count COMPARES have deferred making any formal al
terGti,n until tomorrow
The paric in the stick Exchange, especially during
all The earlier part If the day. more intense than
ever. The scere, III fact, battles description The
tiicisl" hammer" announcing the pubhc detaah os
embers has been resound'ng all day In addition TO
the seven failures IL the establishment notified yestsr
day. eighteen moIe Were proclaimed to-iay. To-
GROW is " pay day Ur thc tuItnlgfy settlement IN
shares and foreign stocks, and Is looked forward TO
/ with extreme anxiety. Each member of the Stock
! Exchange is bound to pay the last farthng of his
| difference, under penalty oi beng proclaimed q
defauter, yet has new no security for the punetnd
r, cept If the sums due Ia him. The misgIvlngs thus
occasiored tend in No snail degree 10 explain the
most unpre cedened severity of the panic experienced
to-.,ay. II has become requisite to make provision
against all contingencies AMI, with the grand object
Of preserving their creGlt ut any sacrhce many mein
bels have forced sales OF all classes oi securities Tue
! markets have consequently been paraly1 ed. The
dealers in any Instances, ueced Ia do business, or
IN sedefense quoted prcpostcrOusiy wide margins
Sales Of many kinds of stock were absolutely imprac-
tcabe prices being purely nominal. Neither the
tnental Intelligence the alteration at the Bank ap
pears To have had much effect upon prices AZ the
total dsl, cation of the internal arai geinents of the
MAJ t,ar in.
stance- Of embarrassment proclaimed in the midst Of
a heavy settlement.
Consols opened this morning at fall of u to per
cent from the o'clock quotations OF yesterday With
ID a short period ir. ,h reduction of about per cent
was quoted the market wearing the most unsettled ap
pearauce imaginable. The first check was given to
the fall by the appearance of brokers who act for
!, aiding financial finn, ard who bought many thousands
Of Lon ba rdo- Venetian Railway n Shares at 81 dis
count and other prices. Extensive purchases of Con.
sols likewise made leading Ia rally of / to l
per cent from the lowest point Of the morning. Al
though the tendency io huctuatlon remained, the
aspect Of the market in the afternoon was less gloomy
The final quotations were | per cent below those Vt
yesterday, but certain degree of support was EVIL
dcutly derived from investments. Doubts were also
expressed to the reported alarming tendency Of the
CONVENTION or Heieemeni between Russia aud France,
and even the passage of the Ticino by the Austrian
army, previously announced as an absolute fact, was
considered to requ re- Confirmation.
In the other departments Of the Stock Exchange,
already minated, the ordinary arrangements were
THROWN completely out Oh .oilh Engish runway q
stocks showed indications Of steadness in the
afternoon, but in Indian railway securities the panic
excessive. Belgian aud other foreign railway
shares were practically unstable.
II is only fair the Stock Exchange TO remark that
otne eighteen failures announced to-day, only
Of real aguitude. Ia this iusialce The liabilities
enormous, being estimated at E7J,O0O upward,
arising from inme transactions in COnsOs, Turkish
and Mexican bonds, and English railway stocks. The
circun stances Of this have excited great abm-
adversion, after making every allowance for the
acknowledged overthrow Of all reasonable calculations
by late events.
AT Paris, the Three Per Cent Rentes, which closed
yesterday at % for the account, were deah N on the
Boulevard thi- morning at $50, and soon rose TO
63.lO The fficsl opening price was go, followed
by relapse TO 62.5p 62.35. The chsng quotations
were 6200 T. money, AMI 62.6j for the end oil Apni,
being IL T. cent better tlan those Of yesterday 4,
The settlement fixed for the end Of this month on tho
Paris Bourse is looked forward to with the direst ms
gvngs.
The returns of the Bank Of England show adecrease
Of en- eco in the specie.
LORD DERBY ON THE WAR.
AT the Lord Mayors banquet ia London, on the 18th
nit, the Earl Of Derby sad In any other country than
this, at period Of great political excitement, when
great public interests ana violent party struggles hang
4