Glasgow weekly times. (Glasgow, Mo.) 1848-1861, 1857-12-03
Later from Europe!
ARRIVAL STEAMER VANDERBILT!
EEHRELL EIMAMCIAL CRISIS
SUSPENSION OF THE CHARTER OF THE
BANK OF ENGLAND.
QuEBEc, November "a,


QuEBEc, November "a,
The United States Mail steamship Van.
dcrbilt, from Liverpool on the l4th instant,
passed Cape Race ON Sunday. and her news
arrived here by the Associated Press yacht
to-day. .....s ...-. ..r
The Vanderbilt's advices are three days
later than those by the Atlantic.
A fearful financial panic occurred in
England the day after the Atlantic sailed,
and all the banks refused TO discount in any
shape.
The following failures occurred during
the panic:
City of Glasgow Bank; Sanderson, Sand
man s. Co., of London; Wilson, Morgan s.
Co., stationers, of London; Ccddinlen g. Co.,
iron merchants, Of Liyerpool; Mackinsie'
Ramsey & Co., Of Dundee; Draper, Picton
& Co., Of London; Falman, Grenel & Co.,
of Liverpool; Flicher s. Keet stationers,
Of London; Barr, Broddie s. Co., Of London;
Nunroe & Co., of London; Graulo s. Co.,
of Swansea, and Stergman s. Co., Of Not
tingham. ......t.
In the midst Of the panic, the Treasury is
sued an order S,tspending the charter Of The
Bank of England, and authorizing the as
sue ofSmall notes TO any amount.
The effect of this order was instantane-
Gus; the panic Immediately ceased, and the
news was received with Juror of acclama-
ton in all the commercial cities throughout
the kingdom. ,.
The English money market was steader
on the 18th. Bank stock was quoted at
1904 to 2l2. Exchequer bills improved,
and all kinds Of produce Immediately adj
vanced considerably.
There had been a great money panic in
Scotland, and heavy runs prevailed on all
the banks.
The feeling among the business circles in
Bristol, Manchester, Edinburgh, and other
places, became more cheerful on learning
that Government had authorized the Bank
to extend its issues.
The British Parliament will meet imme-
diately. ...-.
The Bank of France had raised its dis.
count on 80 days bills 10 10 per cent.
The English ship Dunbar, bound to
Australia, was wrecked of. Sydney, and
l4o passengers and all of the crew were
lost.
The latest advices from Delhi say the
exact extent Of the British loss has not yet
been ascertained, but it is believed 10 be
less than 1000.
The mutineers of the Govalivri contingent
had been subdued by cutting off the sup.
plies.
1t was reported that Lucknow, which
was relieved on the 25th ofSeptember, was
again besieged by Nenu Sahib, with $4,000
rebels.
All the city people found in Delhi were
bnyOneted by the British troops.
Many Europeans were found in the city
fighting in the ranks of the rebels.
COMMERCIAL INTELLIGENCE.
LIVERPOOL, November l3.-The sales Of
cotton for the week amount TO only ,00C
bales, in consequence of the depression anc
the panic in monetary affairs. On Wed
nesday and Thursday the decline in cottor
ranged from Id to lad, and there was a gen
eral panic in the market.
On Friday the measures of relief adopted
created an improved feeling, and prices ad
vpnced lid with sales of 5000 bales, tn
market closing with tendency to still fur
Their advance. The quotations are irregu
lar and nominal. "Ff.
The stock of cotton in port is 325, 00
bales, including 1862, 900 bales of American
Breadstuffs circulars quote tn
market as declinining for all descriptions. -
The quotations are as follows:
Flour Western Canal 26 to 27s; South
ern 81 to 30s; Ohio 40 to Ais,
Wheat-Red 5s Sd TO Is Cd.
Provisions market closed with
declining tendency. Pork dull at declin
/ for all grades. Bacon is quiet with but Ii
e tie inquiry and prices were weak. Lar
: heavy and all qualities had declined, Il
n market closing nominal. E-..
t. Produce-Sugar dull at As and As 3D.
!. Coffee dull and sales unimportant. TIE
e prices are weak and there has been but Ii
d, tie inquiry. Spirits turpentine dull at 81
IS and 33s Cd.