The weekly Minnesotian. [volume] (Saint Paul, Minn. Territory) 1852-1858, 1857-11-28
Financial Matters.

cidedly encouraging. Money is becoming
very abundant in New York. The banks,
says dispatch, are discounting all good pa
per that is ahoat. Nevertheless, the weekly
bank statement shows decrease in loans of
1926, GA and an increase in all other articles.
Specie, S2,959,8l4; circulation, $lG5,66O;
deposits $3,7O7,S72. The total specie on
hand is $40, 457 1866.
There was another heavy influx Of specie
last week, as follows
By the St. Louis, from Havana ..... $1176,000
g &C City of Washington, from England, 100000
" " Arabia of I" g 100000
s2,926,OOO
Such an increase of specie as this could
not fail to produce material change for the
better in New York. A dispatch dated the
18th says.
The improvement in business continues.
There were very large sales of stocks at the
lst board, amounting to upward of 50 OOO,
600, the prices under the Arabia's advices
advancing from one to eight per cent, on the
whole line. Many of the country banks
have replied to the irregular resolutions Of
the Clearing House, approving the proposed
arrangement.
A later dispatch states that everything was
tending upward, the banks discounting freely.
Sterling exchanges at 81 &c. Stocks at
first board advanced from l to per cent
At second board stocks were active with an
advance in nearly all descriptions. We quote
the rates;
Illinois Central Bonds 85a New York
Central 49, Erie l7a Hudson 1911 Har-
lem @; Illinois Central 81 Reading AZ :;
Michigan SO; NJ. S. %; Galena & Chicago
so; c. & Il. 40; c. & r. 1. I'll NJ. & NJ.
81 Lacrosse & II. iss:
WAsHINGToN.--The treasury statement
shows the amount in the different deposto-
ries to be 100000, Of which $S,O00,OOO
is subject to draft. The receipts for the
week ending the 9th inst, amount to nearly
$58O000.
BosTON.-l'he suspension OF two heavy
firms in the East India trade is reported
That of Messrs. Croker & Sturgers and
Messrs. Nathaniel Benjamin Goodall.
FINANClAL MATTERS ABRoAD.-The details
of finanial matters in Europe by the late ar
rivals are full. In England there had been
large number Of failures, including Thorn
ton, Higgins, Ward & Co., of Manchester,
with liabilities amounting to 100000; w.
& H. Brown & Co., of London, in the Amer
lean trade, with 9l4O,OOO liabilities Chas
Smith & Co.. of Manchester Jas. Condie,
of Perth, fl90,O90 in liabilities.
In London, for the week up to Oct, 80,
the money market had shown no import"nt
charge. The bullion in the bank Of England
decreased during the week f1O4,0O0.
American securities unsettled. Ali quail
tiles having suffered slight decline during the
week, but the market closed with an improv-
ing tendency.
Several heavy failures in Liverpool were
reported,
The funds yesterday were exceedingly firm,
closing at an advance Of three-quarters, un-
der the influence of the American advices bv
the steamer Fulton.
The failures announced yesterday are John
Halty & Co., in the New York and Canada
trade, and J. Jaffrey & Co., insurance bro
kers Both failures were caused by the non
receipt of remittances from America.
1t was confidently believed in business cir
cles that the financial crisis had passed.