The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1864-02-04
Commercial Intelligence.
LONDON MONEY MARKET.


From the London Telegraph (city artice), Jan. 81
The directors OF Bank Of England have this f20h)
day been compelled to reverse the measure they adopted
on the oath December last They had previously carried
the rate eight per cent in consequence Of excessive
outflow OF specie For time their restrictive policy had
the desired effect and the unavorabe situation OF affairs
was speedily ry hted. Since the relaxation made,
however gold and silver have been taken away but not
IN considerable quantities until within the last few days.
and now is had, udiciousy enough TO the ex
expedicnt which before proved successful. The
minimum Of interest and discount again stands at
eight per cent: and although the aacry with which the
curb has been employed created little momentary
surprse IL is admitted in all quarters that commend
able degree OF discretion has been evinced in dealing
SO promptly with the extraordinary position Of AFFAIRS
At present. Notwithstanding the rise In the value OF
money there is moderate demand for accommodation;
the exchange houses to-day have again been large bor
floating capital but at the Bank OF England the
inquiries for commercial purposes have been partcu
larly active although fair employment has been obtained
by bankers private firms for the resources al their
command. Naturally enough fewer facilities have been
offered but eight per cent mas Seen ,ne charge
actions taken place at 7< and u per cent On the
Stock Exchange this morning the terms for temporary
an active call for loans at fully eight per cent.
Before the was made that The discount
regulations OF the Bank Of England had been moded,
the stock Exchange markets exhibited increased depres
sion. Sales pressed and securities generally re-
ceded butt at later hour when IT was ascertained that
only about halthe anticipated supply OF gold had been
taken for expectation, and II was also understood that
would be despatched tomorrow, numerous pur-
chases partly behalf OF those who had previously sold
and were anxious TO realize profits, induced frmer
Tone and slight tendency to recovery manifested
before the close OF business The funds for instance had
the extent Of eighth. Some OF the leading specu-
lative foreign investments exhibited similar movement
and railway shares did leave on at their worst point
although still indicating an aspect OF depression
Consols transfer 903s, "a, then 901S r. and
finally 9Ols the account they 901a, 81, eos
"a and again 901s, ~ The new threes ana reduced 40.
nues last dealt in at90s, ~ showing great depre
caiion the five per cont annuties were marked l4l ex
chequer bills again g., Is dis bank stock realized
237 India stock 26 India five per cents were lower a.
105ls, II but the debeutures we're firm at 991s
In the foreign market no very great activity prevailed
but many OF the alterations which occurred assumed
rather an important character Several bargains
recorded in Mexican, Mt prices ranging from 34 aud
the closing values at 34,S 4, which is fall Of NJ
The Confederate loan did not move, remaining through
general decline has taken place in the English rail
way share market.
LONDON BREApsrUPFs MARKET.
MARK LANE, LONDON, Ian. 20 1854
There was only small attendance, and trade dull
with very little change 10 prices. The homo supplies
moderate, but foreign arrivals o! fair extent Eng
lsh wheat sold slowly at the reduction Of Monday the
condition OF the samples being still deeriorated by the
damp weather. Foreign wheat s held for the previous
value but meets only slow demand. The flour trade 10
dull without quotable change IN prices But little doing
malt and rates unatered. Barley, beans and peas are
decline
LIVERPOOL COTTON MARKET.
LIVERPOOL, Jan. 20, 1884.
The market has been very at to-day, and prices gen
ces for cotton 70 arrive the decline 10 I'd The business
has been only 200 bales including 800 bales for export
speculation. The advance in The Bank rate adds 70
the depression.
Non.Arrival OF tho Asia.
HALIFAX, Feb 3--ll p M. "a
The steamship Asia, from Liverpool 23d, via Queens
24tn yet been sgpaed at this port Weather
fine.