The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1861-01-24


morning were $ls,s56,6s2 ii, and the balances
81 ,3sl ,72S 80.
The transfer books of the New York Central
Railroad will be closed the evening of the 3lst
inst. and reopened on the 22d of February.
The Arago, arrived this morning, brings nearly
s4OO.0O0 in specie. The City of Washington,
which left Liverpool on the 9th, also arrived
tonight, bringing about 1886 900.
The London Times Of the 9th SAYS r
The applications for discount at the bank day (sth)
again comparatively moderate, the supply being
good in the open Market at tho existing rate, and
casionaly At fraction below it. E.H#
The joint stock banks have raised thor allowance
deposits 20 per cent, the London and Westminster,
however continuing, usual to give per cent under
the ordinary terms on sums below $500 The discount
establishments have gone from y as per cent for
money at cali and from 81, with days notice
About fl0o 900 in bar gold bought by the bank to-
day and from 10 ESQ 900 In soveregns with
drawn for America. One parcel Of $4,000 sovereigns
taken out IN the morning for expectation to New York.
was brought back in the afternoon
The private letters from New York to-day reach the
evening of the oath OF December and less dscourag
ing than anticipated Tho political accounts from
Washington stil ms bad possible, but 1t 10
said that the commercial public were beginning TO
get accustomed TO the agitation, and that business
seemed likely soon TO adapt itself accordingly The
good appearance. Very few bankers would sell under
10ak, and the leading houses were Arm at los.
After tho payment OF the dividends tho I'd Of January
a movement to 100 confidently expected, and at
that price, taking present state Of discount into
sideratlon together with the delay In coinage Amer
ca the prospect OF very satisfactory returns for gold
mhtances will begin TO become doubtful.
The next monthly return OF the Bank OF France, to be
published at tho end OF the week, Is looked for with
much interest According 10 some reports, which re
quire veriacaon the bullion has declined from eli $780,
The English funds opened this morning decline of
an eighth from the low prices Of yesterday and subsc
quepty experienced further fall the intelligence OF
the Bank Of France having made movement Of ~ per
cent in thor rate Of discount and placed at the Same
rate as that OF the Bank q England Ultimately, how
ever, II that this the true FOR that
establishment, and the only one likely to prevent the
existing difficulty from assuming proportions that might
lead 20 serious results, which could not fail to produce
Inconvenience this side, and feeling OF greater con-
ndence became apparent. Consos for money were nrt
quoted at eih AZ From this they receded TO slk;
price was e1k r. For the 7th Of February the latest
bargains were at 91xaT.
showing further fall Of nearly three eighths per cent.
The London Daily Necs Of The same date says
The Bank OF France have this day adopted measure
which without parallel In the hstory Of the Institution
They have raised the rate Of discount cent in one
day Their charge, which advanced from w per
that Of the Bank Of England This decision nples that
tho Council determined at present TO follow correct
principle The course pursued win be far ef,ca-
cious than the poor palliative involved In making foreign
purchases Of gold at m ARTIFICIAL price only BY
Gle payments be avoided. Upon these grounds the
nows has been received here with satisfaction notwth
standing the prospect Of competition against our bank for
gold which deveIopes The fact that both banks arc
carrying conservative action must tend 70 pro
mote confidence There Is room to fear, however that
an unfavorablc effect will BIO produced French trade
The funds opened this morning at fresh fall ~ 4 per
cont, and subsequently, sustained further decline Of
like amount upon the OF the movemcnt by the
Bank Il France In the Afternoon however good effect
was produced by the spectacle OF the calmncss with
which the important financial changes OF the last few
days haxe been received by the public, and rally oc.
curred The final quotations we're X per cont be-
ow those 81 ycste~day Nearly All other classes Of
rites wore rudiccd 70 greater less extent but in