The daily phoenix. [volume] (Columbia, S.C.) 1865-1878, 1865-10-26
SHIP NEWS.
COMMERCIAL.
NEW YORK MONEY MARKET.

NEW YORK MONEY MARKET
.1ne i1erQta, OF Thursday, the 10Th saws
OF, gold and exchange, on the 18th, as
follows:
The gol,, market was firm. the oocnine
price being llG and the closing one l46!.
Loans were in mcst cases maj,c iiat Tie
steamer Persia took out slO9. 600 in cold
anl the Edinburgh :-55, 900
The Commercial -idrejtisey. ot tho 15tl.
reports:
cold IS tirlner under the adv;ces by ,l,e
Ecndcd there must re. .an carly cs..lsiticr:-
bic demand Tor export.
LATEsr--IvaSIHG
:. There has been less pressure t5r moncr
TINS afternoon; borrowers Have been readily
accommodated Il: pr cent.
Stocks We're less ilnoyan, at the second
ooard; the railroad list lost :hc advance
nlade 1hiS' morning. Governments are
;::eadr, except Sevcn-, ,LLirJics. which are
lower.
Tho steamship Scotia. NAs;c! arrived;
from Liverpool at New York OF he 10Th
instant, brings the following information
concerning the English money market
The steamship Scotia brings intelligence
of 'he advance in the Bank of England
rate of interest to : e cent. on the 7th in
Siant. and the rise to I ffccnt Dv the Bank
II France. The rise on the part of the
Bank of England appears to have been in
duccd by q continued drain upon its specie
and note reserve, both of which were lower
than at the same period of las; year, when
the rate stood at 8 IL cent. The bank
managers would, therefore appear 10 have
taken this measure only Endcr what thcr
apprchend 10 DC n sharp necessity The
heavy dram upon the reserves Of the bark
would seem 10 have been the combined;
result Of an advance in cotton and produce
. generally, and an extra ordinary pYotYac-
ton II iinc weather, causing :. large III
crease N t!:c recreation disbursements at
the watering places. The advance III the
rate OF interest May be expected to clccl;
the bHoEalcy of the markets. ana produce
decline III American p:oducc-a turn N
affairs untaVora. e to our 90 ,angc~. Lon
don @ttv!ccs Of the eycnil., or The 7th
report Gonsols at HS50lSsl: 5-20s. Goa co.!
The London Tines city article thus COM
'rl&nts on the advance III The rate ot dis
count 70 6 per cent:
lhls farther moya-!cnt oll tn, uart .!
the Bank of Eagls's, was not cXpccJcG.
The facts, however, that from Ike con-
tlnUcd. and it may now be said almost in
e:iplicab!c. absorption of notes And gold By
the pnD!ic. the reserve has been brought to
q POINT mach lower than at the correspond
nS date Of last year, when the charge was
. I, cent, and that the bullion is a, about
the same amount as at that tine, are suf-
iic:cMt 30 show that Il decisive measure dad
become necessary.
The DuNy -Ne,gs, OF sSnle sUbjcct, says:
Io-tlev's sullen movement had no: been
generally expected and proved somewha,
NJ shock 10, the commercial Community
throughout flc day the policy of :he banl
vas freely discussed, and much anxiety was
evinced to learn the nature Of the change:
n the weekly return.
AMERICAN SECURITIES Daliags ChcUlal
says: American stocks have been withou
any special movement, but with q fai
amount OF business; Fivc-twentiea 50 n 3
Virginia bonds, A.; do. sterling Flvcs, 50
Fries. 53G..iG new scrip, 25Gt3 prcminlu
illinois. S3iNis-
CorToE. ..cceipts, j,0o4 bales. The mar
ket was ra.hcr quiet as operators wer
generally awaiting the European adyices
Prices were somewhat irregular. and, il
anticipation Of dc cline, some Few holder
were anxious to :'caliZc. and sold stric
middn& rs low a. go cents, but thc bulk {
thc transactions were at oar suhjOinc
quotations. the markot closing rather NOR
steady. Ihc sales were 1920 bales. v
quot: