New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-03
FINANCIAL MATTERS.

I'm
Ere.1d for dscoun rather Increased than diminished
The Lie. Of failures was seriously extended.
Mr. Susa.nsiots: T.. Sievekipg and Son, in the
Swedish trade, liabilities $500 900 sterling; Allen,
Smith Sc Co., in the Denmark trade, liabilities
fIOO,OtO; GOrTsen, HuHel & Co., general merchants
in consequence Of American Observation-Disclosures
f6Oo,OOO selli,g Svendsen g. johnson, merchants,
liabilities & 40 coo; and Brocsl,sby g. Vessels, oorn
importers. liabilities $4,000.
The probability of a further advance In the bsuk
rate was discussed bat the large gold arrivals were
regarded likely to render such step unnecessary
The funds were firm throughout the day.
On Thursday, Che l9.h The Times says, there wa'a
dec ded amendment in all mercantile quarters. Not
sinQ failure was reported, aud special csuses of
anxiety were removed. The same paper remarks that
IL ia understood that the app catiou which has bsen
made within the last few days by esdipg American
house underst BOD to be that of Hessrs. George Pea
body g. CO.. to the Bank Of England for large sd-
vance on securities furnished from the private resources
of the firm has been most satisfactorily met, aud that
all the accommodation required will be fully granted
According TO rumor the requirements OF the firm 10
question (ono of the most eminent in the Amer eau
trsde) nearly million sterling, and &C oordng to
The Daily Necs the assistance received from the Bank,
after long elaboration of the directors will it is ex
pscted, ersble the firm promptly to comply vita the
conditions upon which the adva, COS were made.
The pressure for money ct the Bank was sndinn-
ished. Indeed some authorities say i. was more is
tense than ever but the meeting of the Bssk Directors
broke up wi bout making suy advance tss rates Of
discount
Leans on Government securities were in demand q.
10 per oent
At Hamburg the rate Of discount had reoedsd to 81.
Private iettsf. from Paris describe better fosng.
The American houses were beginning to get iemit-
tsnoss and the condition OF tae Bank OF France was
improving.
AZ other continsnta cities there likewise Signs
Of an approaching tendency to the reviTai OF c'ih
dencs.
A large ard very influential meeting bad bsen held
in Glasgow for tie purpose OF expressing confidence IN
tie Scotch banks. II was resolved to so;eP: the
notes Of the Suspended bapks a, currency.
Tbs shipnen. Of silver to the East By The nail OF
the Goth is only E3lsOOO.
The stoppsgs of the Wolverhamptcn Bank osnsed
heavy failures in the iron districts representing 10 the
sggregsealsge cum.
The london Commercial Daily List of Friday
evening ssys:
"Tba discount is in some MEASURE become more set,
fed The timely assistance shOr led by the Bank Oi
England has arrested the distress which would ots7r
wise have occurred. We cannot quote rates lover
From 10 to IL per cent continues 10 be denanded
There is however, q better feeling IN all m,netaty
deps nts and good bills CEASE 10 be rejected Wa
confidently look forward to the day wnen confidence
will be reestebshed."
Messrs. Scott g. Co. Of Queenstown have supsnded,
and their Liabilities are estimated at from one to 20
hundred thousand pounds sterlog.
TIE Very Lasab Telegraph from London to Lirerp,oi
LONDoS, Nov. y, 1897.
TT. Times city article of Friday evening says:
ha fun yaYV steady fn-f
have closed At advance of per cent. We have to
confirm the statement made yesterday that the 81.
vance required upon ample securities by an i'm oortsut
American house would be fully granted. There have
been DO further serious failures during the Day, the
only suspension mentioned being that OF drm OF
whose ultimate so.vency there is apparently no, tue
exchanges and the prospect Of about halt million IA
Australian gOld being forthwith taken to the Bank
and also Of considerable arrival by the Psrss from
New York, assisting to impsr frmness to foreign
exchanges This afternoon the rates for Amsterdam
and Hamburg were rather higher, but Paris vas
about the same as at last post About $4,000 of
Suspension was announced on Friday of j. Il. Thom-
ron & Co.. q firm largely engaged 10 the Coloaial
trade especially with the Cape Of Good Hope. The
liabilities ale supposed to amount to about E2oOoo)
10 f3O0, 900.
The rate Of discount at Hamburg wa. sgain sd-
vanced from 81 10 81 per cent. This has parity been
occasioned by the apprehension of lsrge failure,
which, it is believed, will be found to have beea
averted.
The FINES city article gives the following sccouo:
Of the state of the produce markets during tbs week
The produce markets, which at the commence
mebt OF the week showed a slight tendency to i'm
rrovemsnt HAYS .ocs relspseS in Consequence OF the
extreme pressure for money, and the stu unss,efac-
tory nature Of the American adyices Further heavy
iau'es curing oil the early days Of the week inc'oassd
the general feeling Of disuust but ths ab'enes OF any
fresh clhcute, 90 1hur,dsy and Friday mad some ei-
fec! in restoring CONFIDENCE
At Vienna there has been partial recovery in the
funds, aud the premium on guilders declined nearly
per cent This improvement is attributable TO the
official announcement. of considerable reduction in
the Austrian military establishment.
At Hamburg Messrs. Ulbog & Cramsr, engaged in
the Swedish trade, have stopped payment, bsing in
volvsd inscme OF the embsrassments 10 London.
In The Daily Nec' city article it is said ina. the
nsgoatoD Of bill, on the Continent MAS attended with
great difficulty.
TIE Daily Ne''T city article Of Friday evening
rays:
"Ghs funds after obtaining rise per cent higher,
closed J per cent higher than yesterday. Upon tho
rhoe, Tue ieeAIs IL me money market wss to-day
camer and more satisfactory. TIE negoli 4dons for
sfforoing assistance 10 great and wealthy American
house with liabilities estimated at NOR. IN an too mil.
lions, to sy satisfactorily concluded Tho ten
poisfy enoafassinents OF the trm 10 question were
solely occssioned by the mpossibty Of procuring re.
mitsrces from some Of the frst houses ia America
Provided that fresh important cases OF enb.rra.,-
nent occur, there is deposition TO hope TIA, airs
will become mere cheerful"
We have fecevedthe olOwipg dispatch adar ss n a. In
innate freud bore o. M'ssrs Peabody Co. Of Iobl)u
HALIFAX, n. S Wednesday, Dec 80 I'm.
We siR0t gs,her more information thai that coz