New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1865-10-20

twcnties 69069l; Erie, 5eo593i Eew-York Cen-
trail, 829s2l. Oh a,0o
The return Of the Bank Of England for the WeoA
ending october4 gives the following results WIN
compared with the previous weeks -, oe,
Rest ca e23 ol2 -. 1ncroase.' ~ 100 Ioo
Pub ic deposits. =. 6 e9l $40. .Dtcrease''' = e60
Other deposits 1898 5ss. Increase
On the other side Of the account;
Government securities go 3si 209 NO caanF GIT ss4
Other securities "a, l702s0 Increaso' 90 OK
Notes UNEMPLOYED -. 4G62, 1875 Increase. !''i'''''
The amount of notes in circulation 10
go 7o8 1e0 being an increase of T., @2o,ol9i anu
tba stock Of bullion in both departments 10
GA 1872 s37. showing decrease of E7'o,so2 when
compared with the preceding return
The London Economist OF the "h' commenting
nm the hank return and the advance IN the rate OF
interest, says: .4
Tbe special feature in the figures of 1865 IS the sud.
denness Of The increase i'll the private securities On
80 o6th Septcmber they Ind risen &l,2OOOV--on the
ltb October l6oOO 600 more-R2eOOOyO IN a iorthign.
In like manner. the circulation rose 4l3ooUoU IN inc
same Notwithstanding Of course, under the pres
emf law so much treasure from the barking to the U.s.
sue reserve The banking reserve fell In the fortnight
from 81 go 600 to s5lO0 00Qor say very nearly ore
third. III 1854, the banking reserve was A6~9VVs
and the rate of discount per cent IL ID pelet
clear therefore that the last three elevations OF tAe
bank rate have boon quite unavoidable Inc dee.IIS
had no choice but TO raise the rate swiftly and largely
'Trhe clief cnuse Of this sudden change from tno
Quetude Of the first half at least Of September 10 the
hiG rates Of the present time s TO De i9Gna 70 y YER
pool and Mancl markets during TIE lost Yen
II us been discovered that the nuIc supplies OF coIh
win be less than had been supposed and that the soI
Of manufactured goods on baud and speedily a'aIaO'e
viii he inadequate 70 meet the demand.
Tho effect of the adoption Of these views has Deen
sudden start Of Cd y 10 in raw cotton oil Oh pin
warm sud Of s'y s. piece en- cotton goods. OideIs
for cotton nave been dispatched TO a1 parts Oh Ihe
world and there is egdin vigorous demhni "l hIisoi
sudden demand for capital to be employed IN fostering
the Importation Of commodities wanted specify ana III
"TLis demand for caritahappcus ms IN many former
vears 10 coincide 10 time with the expansion which al
WAYS occurs In the Autumn IN the note erenaI0b ana
hence IL arises that Tie policy oil the act o. Ief4 sueVis
tic bank on this. as on former oceaslous TO douD1
strain at the same moment. The note ciouation WIZ
gradually fall duTinG the neItiive or ak Weeks-ahd
-ro .arto will stfene then the banking reserve
at il quite possible that the immediate pressure for
captal mny be 30 urgent TO compel tie ank To nd
vance the rate still further. The present banning re-
serve Is so small that tie directors cannot AIOId 10
speculate on favorable chapcesthoy must deal pfompu
with actual facts. The trade Of the country s sound
and we believe remarkably profitable ~ most branches.
rate OIL Of tefcst eomlaratycy high We said lone
ago As Jalv last tina, then The probabilities one
10 rising rates and this anticipation has been verified
There Is al present no occasion for alarm, but The pub
liz must net be surprised 10 few more sharp turns
OF the bank screw"
The Bank of France return for the week ending
October 6, shows the following changes as CON-
pared with the previous account lnroase-Com'
mercial Bills 50 is millions; Notes, IS 2-5 MILL
ions; Current Accounts, SCI milionsi Advances,
900 ,OOOf Decrease Cash, 2ls millions; Treasury
Balance, so 2-5 millions. .H
The London Times city article thus comments
on the advance in the rate Of discount to per
cents ..I ...-.
lbi. further movement on the part Of the Bank OF
Engiard was not expected Tie facts, loxever that
iro the continued and II nsy now BE- mid almost -
expiesbe, absorption OF notes aud goG oy ine p1gc,
the reserve hrs been b.ourhtto apoini much lower Hun
az the corresponding date II last year. when the charge
w9s per cent ami that tho baA.gn Is at about the
amount as at lhat time areinihciea 10 sho" aA'
/ a decisive measure hat become necessary
TIE Dahl Ners, on the same subject, says:
To DAVIS sudden moveme az had not been generally
expected end proved somev hat d shock 10 The com
mercial unity. rhrougboot the day the psney :"
evnced learn the nature Of the changes In the weekly
return.
The earnings Of the Chicago and Rock Islan'
. Railroad for he second week in October, were:
1865 e7s.2l5 1854 ..s69, los Ipo........s9o 90
The traffic Of the Great Western Railway Of Can
, ada for the week ending October -, was
1865. 800 80 1864. 295 3iI Inc. s3203l "a
Tho Metropolitan Insurance Company has up
pointed Mr. Ebea Wight Keyes Of Boston, as thei
Genoral Agent for the New-Englaud States. Mr.
Keyes has had much experience ns fire under
writer and viii DO Of great service in his new posi-
ton.
Fhights Gre dull. The engagements to Liver
pool arc 1909 bushels Gem at.5l 96d, in bulk am
ships bags, and 900 bales Cotton ID.
I The business Of the Sub-Treasury was Receipts
$i,72i,37O 22-for Customs, s570,OoO Payments
81 $50 O7O Sion account Of Loan, 81 900; Bal
ance, $Gs, Co3,s2I 81.
r. He'll Brothers e. Co.'s Cotton Circular 70
! Europe says:
So far the receipts have been quite as largo as eve
those most sunguiue Of liberal supply had any
3 " anticipate. They are shown roughly as fOllOWs
= 1t NewYofk from al sources. from LIST July
(when the ports were opened) till 9Th Cc.
Receipts at do do. from 5th til iaih October
seven dayD..-:-..: ......-.......::....... % W
Add Exports from Southern ports TO New-En.
gland and foreign ports since Jet Jnly..... 700
Add Stock remaining 1t New Orleans lst inst i0l &C
Add Stock remaining at Mobile .............. 50 90
Add Stock remaining 1T Galveston. ...... 1900
Add Stock remaining at Charleston. .......... 200
Making the total quantity received including
Southern dates down 20 LIST inst ........... 55 90
To this may DO added the weeks receipts at
Southern ports 10 7th October, VIZ:
/ At New Orleans. .....-.................3 90 Oc
-- ~ eiODIe' .'.-.--.-...-... '-.-'..'--'. ~ v
AT SaVanDah..---.--.. --..-............ 4OU
/ At Charleston, etc. say ................ 500
u ~, .. .. r..F 60 90