The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-08

from the Bank Of France favorable its bullion stood
this morning at 1927 Millions being increase Of three
millions since Friday last.
HALF THRxE 0'Ciocx-The heaviness In the mar
ket was rather increased towards the close by the an
nouncement of two important failures at Hamburg
Paris Nov 23) Correspondence OF the London Newsl
opening but afterwards receded the arrival OF English
consos, with fall Of TO S9x The account from the
Bank Of France is favorable its bullion sto cd this morn
ing al lS2 Millions being increase OF three millions
since Friday last Two important failures at Hamburg
were spoken Of The Rente closed at 66r 75c for cash
aud 66fr 65c for account with fall Of 15c l0c. Mo-
biler foil STR Railways from 2fr. Soc to Str low
It reported that the bank has this day made the
advance agreed upon of fifty millions to the railways
TRADE OF PARIS
Paris Nov 23) Correspondence OF the London Times
Trade and manufactures, which, indeed, had been Ian
gushing since the month Of July do not appear TO be par
cularly affected by the crisis which has produced such
ruinous results elsewhere The have alluded 10
already. The manufacturers generally limtod their
ps ;So snd @ shes desn
comparative safety They have not their warehouses
with goods not yet paid they have no for
midabe engagements to meet and they may without the
fear of ruin, wait for better tines This state of things
is said to be general, but is not, believe, uni
enterprising or less prudent than their fellows
will be driven to great sacrifices in order to provide
against demands which are inevitable Several OF the
latter have already sold their produce at reduction
OF from 20 TO 80 per cent, while their neigh
bors who had heavy engagements TO meet resolved
TO struggle and keep their stocks hand, rather
than make such abatements The last accounts published
by the Bank Of France show that the demand for
not az urgent among the commercial classes in Paris as
elsewhere the commercial bills presented for discount
showing considerable decline still the feeling Is one Of
uneasness and every inquiries how long the present
state Of things will last.
Among the shopkeepcrs the complaints not gene
raj during the previous week The demand for articles
much under the average of the season. 1t to this
sackness Of trade that in all probability we must attribute
the little preparation for the sale of rnes or New Year
gifts, extensive scale as formerly.
upward movement IN the price OF corn Wnlcn
lowed the appearance of the Imperial decree permitting
its expectation has not been Of long duration The few
buyers who presented themselves AT the last Paris
ket wanted reduction OF IL per sack ON flour The de-
resisted and prices remained nominal at from
46f 53f the sack o! 1877 kogrammcs, according to
quality.
Madrid (Nov. ~ Correspondence of London Times
The financial crisis, which is so general in other coun
tries, beginning to be felt among The funds
low and the fall the Three per Cents is especially
owing to the influx from abroad of mass of paper OF the
Consolidated debt the holders wishing to turn into cash
with view to the large profits presented by the expor,a
ton Of the precious metals II strange that the spanish
Bank has raised its of interest discount which
is still at five per cent Finding, however that houses
who have their representatives in Madrid discounted
largely by means OF deposits government stock, and
withdrew from the establishment quantity Of
specie for exporaon the bank instead of raising its dis
count, contracted it within very narrow limits This
abrupt change has placed in difficult position several
Of the principal merchants of Madrid, who have
abundance of paper but very little specie. De-
fore the Bank Council adopted that resolution the
holders of government securities deposited them on
account OF advances at five per cent which they
gCated afterwards and realized prOnt cent,
government Three per Cents in reality pay interest
Of u per cent. Now that the bank will not discount,
those who bought stock with the view of making their u
per exclusive Of the profits expectation cannot
sell their Three per Cent paper the funds fell
sderably in the of two days They consequently
find themselves embarrassed and the result much per-
turbaon in the market One we'll known capitalist in
particular said to have lost 900 900 of reals G4O000
the 200 900 which he holds as the proceeds OF the
negotiation the loan He cannot discount this paper at
the bank neither he dispose OF at the Bourse with
considerable loss for the simple that ii
sold the funds would fall lower and an enormous quantity
of stock IS offered at this moment For the last day or
two numbers OF people have been 10 the bank demanding
cash for their notes. and yesterday crowds assembled
the doors The bank paid its rates yesterday in pe pieces
and not in five franc pieces Spanish dollars, with the
view OF obstrucng the expectation as much as possible
In addition to this state OF affairs is to be observed that
the great expectation Of excellent fruit from the
provinces OF the south and the east where the crop
so abundant this year has not taken place this autumn
No foreign ship has yet arrived in those ports and the
fruit beginning to rot The export Of Malaga and Ali
cante rasns and Of the figs and almonds of Murca and
Valencia has failed IN consequence OF the commercial cr
sis throughout Europe Spain loses by this alone So
coo, which annually distributed throughout the
country. To finish with this matter must tell you that
yesterday Mon with the representative
Madrid Of capitalist Of European celebrity his exporta
ton from Spain OF the precious metals lf our friends
said Mon, "treat US what may not our enemies dor
NJ Mon has always been sincere friend Of the capitalist
in question but he canno, approve operations which are
SO injurious to the best interests Of the country partcu
The the Bank Of Madrid had ceased on the 10th
ultmo II was said TO have been got up by some foreign
houses in order 10 obtain large quantity OF the large
coins az 10 20 reals but the bank authorities bacd the
scheme by paying in Issns-coins worth about iOd Eng
lish. report having spread that the bank would
have specie enough pay all the notes presented
notification appeared in the Gazette that special Office
would be opened for paying notes up TO 1000 reals aud
that those of larger amount would be paid at the bank
itself II said that the bank had in hand "a 900 900
reals in specie or more than onehrd OF the amount OF
notes 10 circulation; and % 900 600 reals in bullion
despatch from Madrid OF the 2ls ult reports con
siderable export Of specie to London and consequent de
cline in the funds
Tyicnna NOV ICY Coryasnondencc of london Times
The Austrian commercial world in great distress, and
several respectable firms would probably have fallen had
they not been proppcd The prices Of raw produce de-
cline daily, and money that manufactured
goods find but few wholesale purchasers The suboncd
extract which l. from the Ost Desche Post, shows that
there acommercial wei monetary crisis here:
Half he wool which was sent TO the last Pesh TAR remain
urcd and half goods twist yarn &c
acure who for some time held back his goods because
his with things which he
as the present .tasns,on is over there viii as matter
course, be an unusually great demand for all kinds VI ma
Is n that ps s Ri portfolio 81 the bank
large by 100000 forms as 1t was in the month Of DC
The Austrian Bank has lent 900 o00n for three months
to the Trieste Bourse Deprivation which VIII employ II II
dscountng local bills Of exchange. We learn from Prague
that large quantities Of silver have during the last few
days been exported to Germany, and appears very
tura that such should be the A long the rate
Of discount Of the Austrian Bank Is three and four pei
cent lower than that Of other countries will pay well e
export silver and the fac, must he perfectly well known
Minister Of Finance to leave the rate Of discount NJ six
cent fnsncer states that NJ Perere, OF Paris, has
written to Of his correspondents in this city that the
French BANK would like 10 borrow certain sum from the
Austrian National Bank, which, "a you are aware has
very nearly 900 600 in silver in Us cellars That
the Imperial government not likely TO authorize tho
Austrian Bank TO lend money to IT, French contemporary
need hardly be said
that day Exchange on London rs high as 10 30
The Bank OF Lisbon about TO raise the rate OF dis
count, which had stood al per cent
Advices from Stockholm announce the formation Of
society Of credit for mutual support and To maintain tho
public credit The subscription amounted 70 ~ 900 600
THE CRISIS IN HAMBURG.
Hamburg Correspondence Nov 22) OF London Times.
Since the despatch Of my yesterdays letter, IN
which | gave a summary OF the current events in
lstion TO the crisis here, further authenticated
cases Of suspension OF payment by firms in THIS
city have been reported Among these are tho
| houses Of Messrs Biass 4 Schomburgh, and " Roo
sen Jr. both Of them extensively connected-the for
as general merchants and importers Of colonial pro
duce and the latter exporter OF goods 10 America
and New South Wales and shipowner. Bills to q