The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1857-12-04
xHLH0RAPHYC NHws.
KxPORrKD ruR THH DAILY
RlfR THEIR NV THE m ERIQA.

HGIISAx, Dec. 3--Follcwing additional items are
nom Liverpool papers, to the 2lst, By the Amsri.
ca:
GREAT BRITAIN.
On Wednesday, the applications ct tho BANK OF
England for discount increased rather than dimin-
ished.
Ths list Of failures was seriously extended. Z.
Sieveking and Son, In the Swedish trade, with IL
eSlis; q half million .ss,,Ipg Asn
sterling, Gorrissen, Hufel Co., general mer-
chants, in consequence Of American difficulties,
with liabilities, about f600o 600 sterling Svendsen
johnson, merchants, liabilities 100000, and
Brccklesby Vessels, Corn importers, liabilities
f40,O00.
The probability Of further advance in the
Bank rate was discussed, but the large gold arri-
yals were regarded as likely to render such step
unnecessary.
The funds were arm throughout the day.
On Thursday the 10th. the Times says there wa
decided amendment in all mercantile quarters.
Not single failure was reported and some special
causes Of anxiety were removed. The same paper
remarks that 1t Is understood that the application
which has been made within the last few days BY
leading American house to the Bank Of England
| Tor large advance on securities furnished from
| the private resources of the firm, has been mos
satisfactorily met. and that all the accommodation
required, will be fully granted. According to ru
| NOR, the requirements of the Arm in question
| Tone OF the most eminent in the American trade,
| we're nearly million sterling, aud according Il
4
Bank, after long elaboration of the Directors
| will, It 10 expected, enable the firm promptly Il
| comply with the conditions under which the ad
| vances were made Ths pressure for money a
| the bank was undiminished. Indeed, some author
| tiles say it was more intense than ever, but tn,
| meeting of the Bank Directors broke up without
making any advance in the rates of discount.
Loans on government securities were in demand
! at 10 per cent
At Hamburg the rate of discount had recedet
| to So
Private letters from Paris describe better feel
| ing. The American houses were beginning to ge
| remittances, and the situation of the Bank o
! France was improving
| At other continental cities there are likewi !,
| signs OF an approaching tendency to the reviva
| of confidence.
held in Glasgow for the purpose of expressing con
| fidence IN the Scotch Banks. 1t resolved Il
accept the notes of the suspended banks as cur
rency.
The shipment of silver to tho East by the mai
of the 29.h is only &3IS.09O.
TIE stoppage Of the Woverhampton Bank caused
many failures in the iron districts, representing il
the aggregate large sum.
The London Commercial Daily List of Frida,
evening says: "The discount market is in SOM
measure become more settled The timely assist
ance afforded by the Bank of England has arrested
the distress which otherwise would have occurred
| We cannst quote rates lower. From ten to tweiv
yer cent. continues TO be demanded. There is
| however, better feeling in all monetary depart
| metts and good bills cease to be rejected Wecou
identIy look forward TO the day when confideac
| will be re-estsbiished.'
Messrs Scott Co., of Queenstown, have sus
pended, and their liabilities are estimated at fro1
one to two hundred thousand pounds sterling.
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