The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-22
THE MONEY CRISIS.
Latest London Money Market-AdditiOna
Fallures. &c.


From the London Times (City Artcle) Dec g.
The quotation of gold Paris Is about per mile pre-
MUM, and the short exchange london 80 per 81
sterling On comparing these with the English mint
price Of f3 lis. lloyd per ounce for standard gold
appears that gold about 3loths per cent dearer Lon
don than In Paris
The quotation Of the exchange at New York london
for bills at 60 days sight about l0sa per rst
class paper At the present of IS
consequently profit the transmission OF gold from
this country 10 the United States.
The consol books have closed to day. and tho
transactions have been numerous, prices ranging from
9l 70 9lM the closing bargains OF last evening having
established the latest operations being again
TO 9 for money, and s27 TO 92 or s07s to 81 ex dvi
dend for the sh OF January Bank stock left of at 2l7 TO
us; reduced &c TO e04 new Three per Cents, 903 10
90zs India stock, 2l7 go India bonds 35s 25s
count; and Exchequer bills, 3s discount TO Threo
failures announced to-day among the dealers ad
dton to two yesterday making total of five in the set
tlement Of the account.
were in demand al cent Tor short periods and per
cent till the payment of the dividends Al the bank tho
applications are sl numerous, but moderate in compaYi
with recent experience In the market there
gradual signs OF returning confidence.
Foreign stocks have been in little demand, and tho
transactions marked show little alteration Turkish left
OF rather latter
In the foreign exchanges this afternoon the rates for
Amsterdam and Hamburg were about the same last
post but those for Paris were slightly lower
The final prices o. the French three per the
Paris BouTse this evening G6f for money 66f.
Ice for the end Of the month showing afractona
ry AT Hamburg there is again quotation in the dis
market and some restoration of order may there
fore be inferred to have taken place The charge 10 10
per cent
About sQ6o 600 chiefly in Californian French and Rus
sian gold sold the bank day About so goo sov-
ereigns recently brough, from New York, also de-
livered there
The sus pension been announced of Messrs Hadand
Co, very old firm in the Manchester trade with LA
btes for about Gao 600 IL thought that the quida-
circular issued:--
LospoS, II I cheapside Dec. g, 1857.
Wedeepy regret TO inform you that we have been
PEELED TO suspend payment
been placed in the hands Mr. q Kemp Sc coss S1Gs S
street who VIII prepare Of aisrs,
early period and of which due notice WIN BE- you.
The suspension has also been announced Of Messrs
Lichtensten Co, German house. Their Liabilities
have not been stated, but supposed to
100000.
The Western Bank Scotland has notified that il has
been naly resolved TO abandon all idea OF resuning the
business Of the establishment They have consequently
placed themselves in communication with the other
Scotch banks to obtain their assistance and advice wind
The result of the investigation into the affairs Of tho
City of Glasgow Bank by the independent ap-
pointed by the shareholders was announced at Glasgow
this morning II appears that after deducting for bad
and doubtful debts and making sufficient allowance for
depreciation IN the securities held the capital
be all but f15 600 and that the greater part this
deficiency may be made good by slight Improvement
the value Of the securities and the recoveries from
ful debts Considering all the circumstances Of the case,
this will doubtless be regarded with satisfaction and
bank may be expected TO resume.
II Is stated that Messrs Duth * Co. of Liverpool who
suspended after the failure of Messrs Dennstoun Co,
will be likely to pay in full and have surplus their
New YORK mousse having stood through the Crisis
Messrs. Hermann, Siem x Co, who suspended on tho
oath OF November have called meeting Tuesday the
22d instant and MessrH Gorrsscn, IIufe Co who sus-
pended on the 18th of November, have called meeting
for Thursday, the nth instant.
With respect TO the affairs Of the London and
Eastern Bank, now under conditional winding.
up order in the Court of Chancery, n strong desire
II felt that the official manager should pe some
person who, mp tins tme has taken part in winding
up Of the proceedings privately Of Any one
known 20 have been friend Of any whose con-
duct debt may form the subject Of compromise DO
clearly Objectionable.
The amount Of silver shipped for Hamburg by tho
steamer Neptune, TO sail 10 morning s about
f55 600 only further may therefore be expected TO
be sent by the packet on Saturday
Mr. Thomas Curtis Of the firm Of Curtis Harvey has
been elected director Of the Anglo Mexican Mint Com.
pany, IN place OF Mr. j. H. lowles, who has resigned
The railway market has been dull and generally left OF
with little variation Canadian shares slightly fiat
ter. Indian continue quiet, Madras however, being
heavy notwithstanding the present low price, when com
pared with other similarly guaranteed lines. French
shares closed generally about the same except Southern
OF France, which declined 5s from the unayorabe nature
Of the traffic returns securities we're N little
demand and show no atera ION. Canada government
bonds were m request IN anticipation OF the dividend pay2
bic next month.
the Credit Mober ars) will nnd il necessary 10 pass
the next dividend period without making any Distribution
hut was no, traced to any authority. II IS believed
that the FIRST fortnight in December tho time Tor their
annual valuation Of assets and the statement may haye
arisen from unfavorabc ancpaons ~ to tho results
that viii be exhibited on the present occasion.
AMERICAN STOCKS.
Prom the London Times (City Article), Dec. 81