New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-17
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The steamship Java brings two days later financial ad-
vices Az tbeeose Of business on the 5th inst the fol-
lowing quotations made at London for American So
curities: FveTwenties, G7iaGi Erie shares 46l u;
Illinois Central 75I975s. Cotton was quoted at Liver
pool, lSId.
Pr letters by the Java report Middling Upland Cot
ton at I2ld. at the close Of business the 5th inst
TIE Times noticing thoadvance in the bank rate Of dis
count and the financial situation SAYS:
The Bank OF England hss to-day raised ,ts rate OF ds
from per cent 70 which lowered on the 18Th OF
might have been adopted with advantage week ago
Such st the demand for IN this country that people
which the commercial classes Of France deem II can DC en-
poyed with profit Hence is evident that the business
of the United Kingdom Is In state OF exceptional ana uh
aed prosperity that it has been and h still being carried
on upon fictitious system, which instead OF producing Se
DuDe the first quarter Of the current year our eonsgnents
Of British produce and manufactures 81 per cent N e.
Of those Of tbe corresponding three months Of M sac
iftnese profitable and upon greatly extended credits
stream Of money should now DC flowing IN whereas on e
terrup,ed dain The operations OF the Companies
will but partially account for the exsiiAg position Ihcir
on the discount market They are. doubtless. nearly al
serambg Tor price at which capitalists can re
found Willing 10 but 10 DE supposed that their
applications entertained by the leading banks either
OF LONDON tho Provinces 10 an extent that can 50
the supply that should be available for TIE egh
merchant create such dsnry as mar o. W per
respectively cnrrept in London and Pans
The fact therefore that the demand such as ns must
be mainly oonseQ amount overiclpg 10 the e1
isience of which the p1be da11ed instead o. warned "
S n he iooe for only by sudden con.
traction which IT may hoped aresdy srneensy com
How far this be effected without serious
dsaser IA oneson that viii doubtless Influenced by tho
effect which Of the reaction here VIII have III such
ceners Of our trade as New.IoGk and bombay . -.
Tic former city seyero pressure is likely 10 be felt be-
cause in addition 10 any inconvenience from the fall In cotton
tho shortening OF credits they viii haYe ~ provide Tor
considerable auouut Of United states bonds under lately
a hayP hQc
Of last Autumn will have served to prevent tie poso
OF any new crash Of great extent should enabied TO
surnoupt The immediate crss-toward which achievement
the best consists IN the uhquesopao" So
can fall back uponhe future may viewed without alarm
Commercially, the German and Italian wars are MOI Asy
TO work as any injury Indeed regards shipping trade
they would TO restore from the depression tba'
followed the termination Of the war In America wne me ger
erl demands upon manufacturers would De little ke 70
experience IL is not While the waste OF war
going but in after years. when that waste has 10 e re-
paired that the commercial evils OF national STRIFE are chiefly
iet il suthng cond merchants and capitalists Of
need panic such subjects il would be the recollection
previous Italian Of 1882 and the four years OF 'he
American struggle
Already Itas taken the potentsepin herpower to
drive her supplies OF specie TO country and Au'r seems
10 be on verge Of similar proceeding 10 rtie time
these Influences will begin develop themselves and as they
to clear market Of all uuscund COMMITMENTS there IS
anticipate thar assuming an average harvest to be
realized shall witness before the Autumn permanent
ta OF the money normal state and steady in
crease in the value of all solid Investments. D
and important feature in insurance has been in
troduced by the National Express ana transportation
Compare Gen. Jos f. Johnston President. This Com
pany has effected arrangements with twelve insurance
eempanies-most Of them being New-York companies
by which the of the money chests of the Express
Company are insured against common carriers risk.
Policies have been taken out TO the amount Of sV0o00
BY each train. The risk, however, constantly repeats
itself and the amount additionally insured durng the
course of year must be immense. For the largo add
afforded hitherto unheayd
press business the National Express and Transportation
Company make extra charge It's rates are the same as
those charged by other companies. orrt
The GRAFT Western Railway Of Canada, earned the
week ending May ilth .s-...
1865. $50 oOo 1895 50 Inc ...e2sai
The Marietta andCincinnat road earned the frs week
in May, .,-s..f I'D. r...,
1865. el66l4t 1866 ..... ts.175 Inc e eei
The earnings Of the Chicago and Great Eastern Railway
for the first week in May, were '"
lees se4 22e % .tlsho Inc. .easi5 u
The following is statement OF Coal transported on the
Delaware and Hudson Canal for the week ending
May a. 1866. erihe .essoo.
Delaware and Hudson Canal CO. 52i0 l9d $40
Pennsylvania Coal Co........... J9l 2i'o
Total tuns. ......,.,-....-..'ao3l Hc,'W
For the same period last year: .,r .,f.- ,s.sss
| For the w,.i. For tho season.
Delaware and Hudson Canal Co o. SEQ l0lSi
PENNSYLVANIA Coal Conn.,. $50 - I1sJo
+. -
Total tlne...-.-.........-. tl,So nbJH
OBJ 81 -s---- ..
THn " Y