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Browsing named entities in The Daily Dispatch: November 30, 1860., [Electronic resource]. You can also browse the collection for 16th or search for 16th in all documents.
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Great Britain.financial Crisis.
The minimum rate of discount was raised by the Bank of England on the 15th instant to 6 per cent., although no gold was withdrawn that day, and none has been since.
This movement was telegraphed to the Bank of France, and the contemplated additional withdrawal of more gold from the Bank of England by that Bank was suspended.
Australian gold to the value of £570,000 arrived on the 16th, which was immediately bought for the Bank of France, and this temporarily prevented any further withdrawals from the Bank of England.
There was more confidence in financial circles on Friday, and the funds slightly improved, closing firm.
The discount market continued to present an anxious and unsettled appearance, and no business had been done below the Bank minimum, and in many cases 6 ½ per cent. was the lowest rate that would be taken.
Three months paper was not negotiable below 7 per cent., and six months paper at 8 per cent. The amount of business don
France.
There were rumors of ministerial changes rife.
It was reported that M. Laihy, who figured in the Savoy negotiations, was to be Minister of the Interior.
It was said that at the Cabinet Council a plan for the army reserve was finally settled.
A project was on foot to abolish the present system of venerable furloughs, and to establish a reserve on the plan of the Prussian laudereche, combined with that of the English militia.
The commercial treaty of France and England was completed at Paris on the 16th, and received final signatures.
Mr. Cobden was said to be completely prostrated by his labors.
The Bourse on the 16th was firmer and ¼ higher, closing at 69f. 95