The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1860-12-13
State OF the English and French Money
Markets Before the Shipment Of Specie
n the United STATES.

from the London Post, Nov. 26
The English funds keep well supported, the broker
acting for the Court Of Chancery continuing his pur-
chases and thereby mpartng steadiness to prices 1t
is supposed by many that the Bank OF England will mako
reduction the rate of discount at their weekly
ing on Thursday next. This would, however give add
onal facilities for the export of gold The directors Of
the Bank of France were prevented from raising
their rate Thursday last by government inhu-
crisis being feared, which the Ministers
turally anxious 10 avoid Malet of the directors
of the Bank Of France London, and through his
personal exertcnhe negotiations between the two banks
ago coming French loon of sl6 900 900 early in jana
ary has additional confirmation BY the ddpces
cred oday though nu ed>dUored 10 keep Ae quiet
for the prtsef The nonentary excitement here has for
the moment subsidized but still haze 10 that
The dyon # gold i,eis 20 BE- Entirely discontinued
there still orders hand for ii which have
countermanded Consols have been dealt In at 93s.
93ls 93a money, and 49, 931 account, closing at
e3ts 93 and % 4 93l respectively Reduced 9I7s
a9lZ new per cent. Ola 9l'. Exchequer bills SIS
IFrom the London News Nov. 2sl
The tendency of the BANK was regarded ia.
voraby the rates OF discount rccedng the drain 81
bullion suspended and the dividend VIII be deducted
day WY duh There little business scarce
variation in prices which closed precisely the
Considerable continues to prevail in tue discount
market. The supply Of money has become very large,
and holders betray increased anxiety 70 employ 4, even
~ reduced rates Good bills up 10 two months
aiken readily today at 10 81 per cent, and In in
stances there were even transactions at AZ At the
same time the recent indsposition 70 take long dated
paper has disappeared Good four months bills could
placed to-day at sd per cent M smreasds ,resno,
pery strng thar pha,,uc may h store the future
he naras dno u scsl b. cAsrsrised
By Some persons are therefore inclined to look for
reduction IN he Rank minimum. The amount OF bust
at the Bank today of the quiet character ord
uarily witnessed on Saturday.
The price OF Illinois Central Railway shares here is
or per cent above that last quoted from New York
after allowing for the difference of exchange This cir
cumsance denotes that holders this side regard tn.
sieut panic should re s pricss Of MANY llnds Of seed
rites AZ Ne1r FORK tempt Investments English dcoant the
exchange NH b. ters d0pr.
With reference to the causes Of the adverse trade bal
between this country and America the Money Mu-
HI RctTec OF tAs day has the following
Recurring TO the figures used the 9th October tho
grain movement from the United States 20 the United
Kingdom, up TO the LIST OF November this year com
pared with last year : rs follows
For the twelve months ending LIST september,
1880. 10 Isl bushels
1853. ..........,................. l3l3,3o3 "
Increase e,as4s.s bushels
For the fourteen months ending Is, November,
1850 IL 40 $50 bush u
isss..'.....'. '...'.'t............-'. i'oZs'ssS
The shipments OF thu last months arc, therefore,
all but equal 20 the whole shipments Of last year ana
whole twelve months ending september l. 1859. Taking
the increase for the fourteen months a; the Liverpool
market price o. SIX shngs bushe, stand indebted
to the United states for grain 10 excess Of what we did
at the timo last year IN no less sum than
f5 ooo COO AMI the supply per month being upwards OF
1900 600 bushels monthly obligations the Unitei
states alone for grain and quarter millions
sterling Taking into consideration the enormous sup
plies which the Cnitci states have s hand and the
excrtons that are being made got these supplies
market IN this country, u not too much ~ expect that
before long the price II grain will b. reduced We may
conclude these BY citing the trade reports the
port New York Tor the nrs months cf the present
ycar1hcy show increase 81 exports of SIS 53T 900
~ say G.. 900 sterling, decrease Of imports Of
$40 01i Oco or e. 900 sterling and decrease
ports VI specie % si7 SIS 600 f3 $50 900 sterling
lhc.c returns show conriiSivoly the advantage America
i gaming from her large crops q cotton and corn, ani
CLEARLY Account Tor The adverse state t. Engana sad
irance III the txehlugrs
American railway securtfes dull illinois 1ntrsl
shares ci0 a al 20 t. ~ discount aud New YORK and
Eric ~ 90A 10 Slb. heavy Can occurred IL New York
Central