New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1859-07-27
TWO weeks compsr. as follows:

The Cumberland Mo- ANsgaHlaR states that the
Trustee Of the Cumberland City Bank will pay sec
ond dividend If PC. the dollar 20 sucn of the
creditors ~ have heretofore filed their claims, or
before the 1T day OF October nsr'.
As sequence Of the peace-int.l.igence OF which
has come upon us une ypectedly-we may anticipate
a new phase in the English money market Oar last
article on this subject pointed 10 the probabilities OF
gradual advance in the OF interest by the Bank
Of England upon the ground tina, a continuance Of
war in Europ. would t-ud 70 attract the precious met
ais fIom England TO the Cont nent. Hence, our prop
osiion wa that instead Of further reduction IN the
bank minimum, there a greater probability OF
aivanc.-the figures proving that, notwithstanding
TIE immense nfux Of the precious metals, the gain 70
Ens land had bee qnite incOnsiderable while the
dercurrs Mt Of outgo existed in fu strength and vol
ume. Recent accounts have su.tsnct this view
Of the subject, for while expectations of
further reduction in the Bank rate euerts ned in
the financial circles Of London. from week 70 week,
the evsut did come and while the gossip in Lom
baId street encouraged the idea faith in sucn pro-
ceeding xas shaken sOinsWhat by a revival in the
commercial demand, viii ,h instead Of equalzing the
Bank rate with the figures ruling in the open market
had tte effect o raising the outside Dearly n the
Bank minimum. At the same time the Bank Instead
of gazing in the reserves Of coin and bullion, began
TO show loss the last returns giving absolute de-
crease of f&}2 600. With tbIs preface, which in orr
judgment establishes the accuracy Of our pre-
vious speeulations upon the subject, We come
TO the new aspect Of the question which
the establishment ut Of peace opeus To Us. Ii
there bas been any force ia the Argument that tie
war has had constantly the eifec. Of advancing the
market value Of money IN England, and the PROPOSE
ton can scarcely be doubted, there i equal eGon 20
anticipate precisely the reverse as tue reault OF
peace which will check the drain Of specie, and thus
enable the Bank OF England TO restore its financial
equilibrium Hence We argue that with pace We
may expec. partial check to the ou'go Of coin, u
restoration Of confidence IN macy circles, aud more
abund,n'ly supplied money market. This change
in the condition ard prospects Of the English money
market must be very favorable 10 ~ influence upon
our o.n market. Eegland, no logger subjected TO E
drain which e1tIaorinsry influences have established
must in the came ratio relax N ~ demands upon
debtor countries, and the flow OF specie from our
shores must &c Necessary consequence diminish not
perhaps immediately but Il. coon peace has hsi liz
natural effect n restoring confidence In COMMERCIAL
and financial circles Peace established, credit will
resume i;s legitimate sway the disposition 70 hoard
the precious metals VII gradually disappear; the coa
tinerts demand vii 'lsckel, EEi E. gland mast essn
feel the Luerce Of abundance N her money market,
which has been rudely interrupted By the c0Oct OF
nations 'nims;. connected With hsr commercial snt
industrial iut-fvste. We aPprehent that within Thirty
days changes spproxmating 10 these foreshadog-
ings All be observed, sua the condition Of
the English market hiss sn important bearing sni in
uence upon money natter upon tc side y. the wafer
il viii be neither profl--s undressing - watch
the 81 events, steamer after steamer brings
fresh budget o.. news. W. 10 hot lose sight Of the
fact that with the cessation o. w9-tae ruthless Dis
iGroer Of iTsde and en,-rpnse-,hsse INST come
brsk revival u business expansion Of credit, and
larger commercial demand FOR money but there has
10; beer suficeEi interval Of tine siace the grand
colspse and contraction Of 1857 70 ALLOW capital 70
work back into its former channels Of employment
and the war itelf hiss seriously checked tie ds;rbu
zion from eommercisl cepters, which bad previously
been progressing Tie p-rOi Of ab-olate -uflv, and
sagnSon OF capital bas passed ADD greater sc,vty 10
its employment ia undoubtedly to be expected; On;
Europe j. about 10 be relieved u az element If DIS
trust which aas locked up - millions OF pound, ser
Ing, and tbs is poiu, gairei il the money market q
The highss' importance.
The following Are the Currency, Land Wa-Tan. and
Specie quotations. for the week corrected for - from
the rs;es crrfert a. re banking Office Of Ns.srs
Thonpsob Brothers
l. $. Tr.a. Note @. z "A. P.rl Di.c51rt
pr-nilni $ c1rolrs ant Georgia.. "a 1
= Tres ro'~s". 4 I'll 4 .oru Carolina
| Tee, Nc, Z. -.-Q tl,GG-a q. .........-f
D!rclL.. iA-s AID WSocIs.l.. - a.
n :. STATE Carenry...-r Al Hcnly.r........
n EnflArt asa n Jsrry-f tlTeuu-.~.
nlsc- pas and Bst...-a III free al;
terror P-uusyly al. q II -1.s.r. .......Iri
=t-r;or AsrJis-6 ......-e lC4lAsa,.... ......-a
Ot!o, Ky al Isa.-s... js i