New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1866-05-30
Commercial Intelligence.

IoSDoS MONEY MARKET-The weekly return Of
the Bapk OF England was the most extraordinary ever pn9
ege granted by the suspension Of the Bank Charter Act the
The in the bullion 2e2 1885, aud in the notes un'
Tie DGilV Ners in its City Article says. IAN analysis Of
returns shows increase in week Of
in the advances private securities This unprecedented
amount proves how has been the for
comodaon the part Of the panic stricken community
Inasmucb however as great deal OF this borrowing was
merely precautionary 900 have been added To the pr
waite deposits and the increase OF s. 10000 in the circulation
results from the desire of country bankers TO secure
themselves against all contingencies and the notes withdrawn
are not really into circulation but for the mo part
boarded The Of notes reduced TO 10000 so that
it quite within the power Of any one OF the great ont soc
banks by Withdrawing its current balance 20 force the Bank
England avail itself Of the authorization contained IN the
recent Treasury There TO be fair
pect that Bank will be able TO tide the crisis without
Violating the law The 9s32 900 Of coin and bullion with
drawn have been taken away chiefly by provincial
Scotch and Irish banks as measure Of precaution,
Some additional suspensions reported including the On
entail Commercial Bank The Zealand Banking Corpora
ton. and Messrs. Framjer Co..
in the London market favorable Consos were hrmer
closing at e7tGGs. -
instances taken at 81 " cent
ANrRlcAx sEcuEITIEs-Barng Bros. say $50. have I'D,
yanced 66c under extensive purchases for the United
States In other stocks changes quotations nominal
LIVERPOOL May l9-a. m.-CorToSThe Brokers Circular
reports 1.-The Cotton market which had previously declined
to comparatively low point had not been so much affected
BY the monetary crisis might have been expected Not
the large stock IN this port trade In the manu-
featuring districts known to Dc IN satisfactory conaon
and here well as on the continent are barely
the heavy failures London and advance OF the Bank rate
cent Friday great uncertainty became EVIDENT tns
not relieved until Saturday when the relaxation OF me
Bank act announced which induced an active demand
particularly from holders not Offering their
stocks freely and the business that day large at the
further advance of the Bank rate TO 10 per cent the demand
continued fair steady rates until Thursday when the sales
almost entirely confined to the supply Of immediate
wants and the market closed heavily American continues
closes last weeks Sea Island about Id lower,
and Surats have declined about I'D. 10.
az m
NewOrleans-Far l6d Middling. l3sd. Mobile-Fair,
sd Middling, l3d UPsnd-Fsir lldli Middng lead
Yesterday friday the market was quiet but generally
steady sales about 5000 bales.
The baud is estimated at 97O5OO bales including
a. A. sea IRON India Az bales cona
only be done at prices about 3D. below those OF last week
BREADsrUFFs1MSessrs Richardson. Spence Co. and
prices generally unchanged for all articles Winter Red
Wheat $40 per isO n. Mixed Corn at 80 for
PRovrsIoxs-Messrs Bgland. Athys & Co.. and Gordon.
Bruce Co report Beef dull and tending downward Pork
Lard al dearer American 7O an Cheese steady Tai.
| low lower Butsher's Association 44i6.
PRoDUcE-The Brokers' Circular reports Ashes dull; sales
of Pots at 80 down 1913; Pearls inactive Sugar
generally steady Coffee very quiet Rice unchanged Bark
Inseed dull and lower Cloyeseed sales Of American Red
at 36 Palm on declined 2O tun Sperm OIL small sales
Shirt, Turpentine very quiet French AZ G. Petroleum in
active; Refined 81 Spirit n. Lnseed Cakes easier
LONDON MARKETs.-Messrs. Barring Brothers Co report
Breadsu steady late Iron quiet Bars and Rails
sea &c 81; Scotch Pig 1915. Sugars quiet 3D. lower.
Coffee dull Rice very quiet Tea dull COngou Spirits
ss III Sa. fnseed dull and
lower Gnseed OIL 500 Linseed Cakes quiet and prices
| barely maintained.
LIVERPOOL, Saturday Evening May ls-StesmshP Africa
| from Boston has arrived. -,
little inquiry veal nrices Niddlnr UDands quoted
J about I'D