Daily Iowa State Democrat. [volume] (Davenport, Iowa) 1856-1859, 1857-10-21
Financial Intelligence.

Prooably DeinocSatlc In the General As
sembly the Democrats gain fourteen.
Financial Intelligence.
st. Louis, oct, 10.
Fesson Il Donigan, Bankers. closed
their doors this morning.
The weekly bank statement shows a
reduction of 80 per cent. in coin. The
circulation aud deposits in the State
Bank have decreased nearly per cent.
The coin has decreased in still great
or ratio.
Louisville, oct. II.
The Jacksonville Branch Of the
State Bank of Indiana refused specie
for its bills.
st. Louis, Oct. II.
The report that the Bank of the
State OF Missouri at st. Louis has sus-
pended, is untrue. The Directors have
determined to pay every dollar, and
express confidence IN their ability to
weather the present storm. There is
no run to-day.
New Orleans, Oct. II.
The Bank of New Orleans is paving
specie IN small sums and will resume
entirely next W elk.
Oakley 4 Hawkins will resume on
Monday.
A. Dongberty d Co, western pro
dnec dealers, suspended yesterday.
Providence, Oct. Is.
The Dnnnell Manufacturing Com
pany have asked an extension of SIX
months. Their personal assets exceed
their liabilities, leaving their paint
works untouched.
New York. Oct. 10.
The associated banks have declined
receiving new act with an arrange
ment to redeem at par the notes Of
banks not of This State, until they re-
sumo specie payment.
Philadelphia, Oct. 10.
Mr.. Allibone, President Of the Penn
sylvania Bank, has resigned in conse-
quence OF i'll health, and his resignation
has been accepted. James has been
elected President Of the Commercial
Bank to fill the vacancy caused by the
resignation of William wainwright.
Two prominent dry goods lobbng
houses suspended to-day, one being
Ragucl X Co., the heaviest in the city,
Their assets are large.
New York, oct. 10.
The metropolitan Bank gives notice
that it will begin tomorrow to receive
the bills of the New England Banks at
quarter of a cent. discount, excepting
only those Of the Rhode Island Benks.
In the Supreme Court to-day Judge
Roosevelt dismissed the motion for an
injunction against the Bank of New
York.
The returns from the Clearing House
denote gradual resumption Of active
ity in business.
barnes, Lyman d Co., a leading dry
goods house, have suspended.
n. IL. Wolfe Il Co., flour and pro-
duce dealers, who temporarily suspen-
ded recently. resumed payment to day.
Cincinnati, Oct. 10.
Exchange on New York scarse and
little better than nominal at safe. pre-
mum, the latter for currency, The
currency question coatiness quiet and
unsettled. The notes Of the Ohio,
kentucky, Indiana, Missouri and Louis
ana stock banks with the exception Of
New Orleans, are taken by the mer-
chants and bankers at par. They also
offer to take notes of all the banks of
Baltimore, Philadelphia, New York
and Boston, and likewise the paper tax
en- at par by these banks, but there is
very little as yet in circulation. 1t is
understood that the banks of Ohio,
Kentucky and Indiana keep up specie
payment for the name, but that it is
not their intention nor is it possible
for them to do SO in fact, and with this
view Of the case, our brokers have to
great extent ceased sending home pa
per.
The weather has been cloudy all
day with some light rain this morning
The river is now rising rapidly, having
risen one foot the last six hours. Their
mometer fifty six.
Boston, Oct. l6.
This Transcript this afternoon an
nounces the following recent failures
Messrs. w. Greenough & Co., hard
ware dealers; J. NJ Halden, furniture
dealer Gen. Forsarth, chair manutac-
turer; Ceith 4 Thornton, clothing
dealers, J. w. Carter & Co., grocers;
and w. P. Brooks, furniture dealer
We have no change worthy Of notice
to report in money matters to-day.
st. Louis, Oct. 10.
lessen Il nanglou, bankers, closed
this morning.
The weekly bank statement shows
a reduction of so per cent. in coin.-
The circulation and deposits of the
State Bank have decreased nearly 20
per cent. The decrease in coin il in
still greater ratio.