The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1870-08-07
FINANCIAL. effects.
On 'CLanae and the R0nrsos--H0w stocks
and Xatncs Were Aiiccfci.
Lrrom ihe London Wines tclty arlIcIel IuIy sll

From the London Times (city artice) July I'll
Prices were generally unaltered AZ the opening
this GOTH morning, and there has been a gradual
decrease of confusion in the Stock Exchange: but
at one time the markets were again all lower. aud
although the English funds finally returned To the
last prices OF yesterday foreign stocks show fur
ther average reduction of about one-half. Many in
vestmentS have been made by the public. aud there
are symptoms that these will steadily continue No
quotations were received from Paris during business
hours, and great complaints are heard oil the ine0i
cheney OF the telegraph service under The MONOPOLY
vi the Submarine Company.
The advance i'll the discount rates OF the CONT
mental banks ana the partial Withdrawals OF gold
now being made FOR the Continent has led 90 an i'm
preston that the question OF putting up the Bank o,
England rate to three and half per cent from three
per cent, at which it, has stood for nearly nine
months. may be discussed ut the weekly court or
directors tomorrow. Shonld the movement be
adopted 1t must be merely from precautionary con
s.deraions, since there rs nothing in the present
position of the accounts to render II necessary
ordinary one According TO the accounts to-day
from every quarter 1t seems 10 be the general
opinion That all the great Powers Will be perfectly
neutral, ana 1t IS hoped that advantage win be
taken alter the first serious engagement or In any
turn OF the struggle again TO interpOse TO arrest the
prospect OF a continuous devastation and slaughter
that may snrpass ali precedents III the history OF
The sum OF sl4S,oOo In gold was Withdrawn from
the bank to-day, Including 10000 sovereigns for
Germany the transactions OF the week resulting on
balance In withdrawal OF 100000.
Orders for the purchase OF bar silver continue to
arrive from the Continent and the rate is we'll MAN.
tanned at sixtyone and three fourth pence, but in
the present unsettled state OF AFFAIRS prce can be
ket. Some amounts OF soyerelgns are Withdrawn
from the bank from day TO day, out gold bars do NOT
seem 20 no much inquired far.
Ii has been understood TO be the intention OF
Prussia 10 allow full time for all French trading
vessels TO leave her ports, but apparently the
French government are disposed to be less const-
derate- One OF the RostOck ships. the Presto, at
Rouen, loaded for Odessa, ana on the point OF
leaving the port has been seized, and the crew I'm
prisoned. Probably, however, II VIII be found
that this was simply au act OF the local authorities
pending the receipt 0f instructions since IL may be
assumed that France Will not be behind her Oppo-
nent in any fair concessions that may be made 10
commercial interests.
Advlces from Vienna state that the Austrian
Chamber or Commerce has petlti0ned the Aus
TRAN government las they subSidze the steamers
belonging TO the Austrian Lloyd to allow their
vessels TO ply direct between Trieste and the ports
of London, Liverpool and Southampton, so that
the trade Of the Austrian domlnons with England
aud America may DO as little disturbed as possible
by the war between Franco and the North German
states.