New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-22
FINANCIAL AFFAIRS

On Saturday the 5.h inst in London, the funds
we're firm, and prices eighty advanced. The suspen
sion wss announced of Messrs. Sewells 4 Neck, an
old and respectable house. largely engaged in the trade
With Norway Their liabilities estimated at shout
half million sterling. Accounts from Hamburg con-
timed gloomy, business being still quite suspended
and nom Amsterdam ii was reported that great heavi-
ness prevailed there.
Monday, the 7tb, was settling day in the English
funds, and they exhibited continued frmness the re
ucton Of the rate of discount in Paris and the arrival
of specie from New.York by the Arabia being the
chief causes OF the confidence which exhibited.
Money on the Stock Exchange was in request on
Government securities at per cent for shor: loans,
and 81 a9 per cent to the January account.
The suspension was announced Of Messrs Albert
Pey e. Co. in the Norwegian trade, with engagements
amounting 10 Er0OO0 also of the firm Of k'en g.
COIN in the German trade, with moderate liabilities.
Teleraphic advices from Hamburg were received
10 the efe t tina! the Senate aud Burghers had re-
solved 10 establish immediately State discount bank
With capital of Is 600 900 marks bsnco, and thst
public op MON was entirely favorable to the measure.
Numerous additional failures were reported there, in.
GLIDING the firm Of Watty g. Co., bankers.
w. B. Filler, merchant, London, vas declared bank
upt. His liabilities are stated at fl40,000.
On Tuesday, the 9th, The Times City article says
that on the Stock Exchange loans on Government Sc
cuTties in demand per cent for short periods
and per cent till the payment of the dividends. At
the Bank the applications still more numerous but
moderate In comparison with recent experience In
the open market there signs of returning conf
dence.
The suspensions Of the day comprised Lichtensten
& &c. Of London, German merchants, liabilities
about ESQ, 900; Hsosud e. Co. of London, in the
Manchester trade, with $4,000 liabilities; D. Con-
vells g. Co., Greek merchants, liabilities not serious.
There were slso FIVE failures the Stock Exch snge
IN connection with the settlement Of the account; aud
L was announced that Baird e. Co., Australian mer
chants would wind up under inspection, and that Du
TIN & Co. Of Liverpool, were likely to pay in full.
Gold in large quantities was being sold to the Bank
Of England.
The funds were firm throughout the day and Consol,
close ct 9l asia for money, and 92 a92l for account
After official bours they were strong at 81 09ll OK
dividend, ard 92l a. 80: for the opening, cum div.
It having been shown that the good assets Of the
City Of Glasgow Bank amounted to f5 l07 l42 against
liabilities amount to "a ass 249 resolved by the
shareholders that the directors should take steps for
speedy res umption of the business of the bank.
1t had been decided TO wind up the Western Bank
Of Scotland.
The latest dispatches from Hamburg look rsthe
moro encouraging. There was again a quotation in
the discount market the charge teing 10 cent. The
proposal for the issue Of hsa been totally aban.
doned.
The failure Of j. G. Adams, calico printer, Glasgow,
vas announced; liabilities about f12O,OO0.