New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-25
TIFF COMMERCIAL CRISIS INENGLAND
4 TERRIBLE PANIC.
THE BANK CHARTER ACT SUSPENDED,
NUMEROUS FAILURES.
GREAT DECLINE IN COTTON.
c on S OILS s9!.

-
22d irst
The steamer Norss S.ar from NswYork arrived
out on tse 18Th last.
TIE following is the summary Of DeTs prepared
at Liverpool and SouthsD 9ton By the c1rcespcai-
snss ef the Associated Ptesst3e Liverpool advices
coming down 10 Friday evening" the 1872 inst, ald
from London TO Saturday morning, tie li.h ln'.
The dependent condition Of monetary matters
On the departure Of the stssm.hip Atlantic on tbe
afernton Of the 18th lest resulted on the following
dsy in fearful panic throughout the whole country
An the banks utterly refused TO discount to tbelt
patrons, which naturally added to thu wild excite
meDt, until the afternoon Of Thursda7, when
TreasaIy letter appeared in London, aud was in
sfaptiy tranfmItted by telegraph to all the Chief
cities and towns suspeDdlog the B1nk Chatter AZ,
AID authorizing the issue Of notes to any amount on
approved securities The effect a. every point was
instantaneous, AMI the panic ceased as if By magic
1t Liverpool, Manchester, Glasgow, and other i'm
portant cities, the news was recsived with tie
most extravagsnt demonstrations ofj9y.
The suspension of the City Bank Of Glasgow on
Wednesday, the day the Atlantic sailed, lie con-
frmed.
We select the following additional lst Of suspsn-
siops from large number rep )rted 10 the Eaglish
newspapers Sanderson, Sandman ~ Co., l. )n-
don; Wilson, Morgan d Co, sta.ionsrs, London;
Fitch d Skeet, LondoO; CoddiDgton 81 Co., iron
merchants LiverpoOl Mackenzie, Ramsay & Co,
Dundee; Draper, PIctOn 81 Co, London; Fslmap,
Glensl a Co, Liverpool; Ban, Broddice & Co.,
London; Nunroe, Grant & Co, Swansea; Sssrg-
MAJ & Co., Nottingham.
The London Money market was stsidier on Fri
day, the 18th inst and Bank Stock sold at 2O9IO
eI2. Exchequer Bills were frm and tho feeling
IN business circles in all the principal cities and
manufacturing towns became decidedly more cheer
full as soon az it became known that Government
had authorized the Bank to extend it's issues with
out mourning the penalty of the Bank Charter Act
The Bank Of France had raised its rae Of dis.
cunt on 90 days bills to 10 per cent.
Ccasols had fla situated considerably, but closed
with increased steadiness on Friday at so 0S9i
for Money.
The details Of the news from India By the lsst
rlsl add few facts of special Importance. Inc
lstest report from Delhi stktes that the loss Of ths
British at that place, in killed and wounded, was
within l,2O0, including 81 officers.
Scindin had brought the mutiDeers Of the GSs-
hor contingent under bis control by arraig1iug
against them his own troops and ten thousand
Ihakoors and by cutting of their supplies. ..
II was reported that Lucknow, which WAS re-
Eeyed Sept. 25, was again besieged by Nsns S,hib,
with SO, 600 rebels.
All the city people found in Delhi were bayOneted
BY the Briti.h troops. Many Europeans were
found in the city fighting ia the ranks of the rebels.
The English sbip Dunbar, bond 10 Australia,
had been wrecked of Sydney, and one bundled aud
forty passengers and all the crew los.-
Parliament wss 10 assemble Immediately.
The greatest anxiety was felt 10 Eaglsnd 20 have
tho news BY tae Vanderbilt reach New York in adj
vance Of the publicity Of the advice. BY the Az
hntic.
COMMERCIAL.
LNERPooL CoTToS MARKEr.-The sales Of Cotton
for the week amounted to 900 bses of which coo
were taken or speculation and 800 for export. TAere
was general panic in the ma,ket, and prices deceived
idIll, holders pressing sales. On Friday, however,
areeove'y Of ID. took place, the market closing with
&C sovarcirg tendency and the sales adding up 6OOO
bales. Quotations nominal aud irregular.
Kl9dl,ns tP.nds '..........I Middlls Mosle.....T
The stock was 35 900 bales, of which l6a OON were
Amercsa.
STATE OF TRADE IN MANCHESTER The adgices
6sm Manchester were uptavorable and tae sales III
important
LIVERPOOL BREADsruTTs MsRKEr.-Bresdstuns
had slightly declined. Flour closed dull at decline
of I'd. a since Tuesday. Wheat closed dull, with
decline in the Diddipg and lower grades of I'D 81.
Cora was quiet, and al qustes hsd slightly declined.
Western Canal Flour, Ct a97i; Pniladephia aod
Baltimore, 81 a 29 Ohio, % Red Wheat, sal 6;
White Cora, 4Ci aili.
LlKTRPoOL Provisions MARKEr.-Pork dull and
slghtly declined. Bacon quiet aud prices weak. Lard
heavy and somewhat lower. Tallow-s slight decline
N pricss.
LNERrooL PRoDuCT MAREEr.-Pot and Pearl
Ashes dull. Sugar-no sales OF consequences, but
pIioes steady. Coffes-saes upinp ,rtant. Tea--hts
fnquiry, and prices weak. Spirits Tcrpentine, 50
$50.
LOSDos MARKETs.-Sugar-th market Is drmsr
and holders demand an advance Of | al e Ovsr the
rates current Oh the 6th. Coffee is also in batter
demand, ard prices a.e rather higher. Rec is dull
ead prices nearly nominal. TGlog is steady at
previous rsie,. Iron--The market 10 dull at asains
of2i a 3 OF rails and bars.
The vanderbilt was boarded by the news yscht Of
tie New. York Associated Press, and Der aess Vas
delivered 20 the Sgept here on Monday mNniog; bat
unforturaely the recent heavy storm ia Csoe Bfeon
N s, had broken down the wires at several ponts
between Csoe Hood and Pcton-a distance OF soms
two bundled lies through portion Of the country
81 arsey ihhabl,cd-sad a. was found impossible - 70
pair the lice uotil this afternoon. On re scLiug the
s.. John, n. b.. office, it was found tina! tire Lac
between that place aud Portland, Me-, was also
broken, and We finally succeeded ia reschtos New
York, via ST. John and Frederickton, n. b., ard
Qu.b ec and Montrsal, Canals, aud thence via Port