The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-03


ever, but the meeting Of the bank directors broke up
without making any advance the rates Of discount
Loans government securities in demand ut ten
per cent.
At Hamburg the rate OF discount had receded 10 9Z.
Private letters from Paris describe better feeling
The American houses were beginning TO get remtances,
and the condition of the Bank of France improving
The Paris correspondent OF the London Post says that
several Partisan firms reported TO have convoked their
most important creditors 70 with them in the
cessary prevent public failure, and probably
to TO a provisional suspension Of payment This
Of staving of ANTIQUITIES WILL the writer thinks, be
generally accepted in France.
AT other Continental cities there likewise sgns Of an
approaching tendency TO the revival of confidence.
A large and very influential meeting had been held in
Glasgow the purpose Of expressing confidence in tn
Scotch banks resolved accept the notes Of tho
suspended banks currency.
The shipment of silver to the East by the mail Of tn
Goth Is only f31S, 600.
The stoppage Of the woverhampton Bank csssed many
failures the iron districts representing in the aggregate
large sum-
The London Commercial Daily List of Friday evening"
10th ult., says
The discount s in some measure become more settled
The timely assistance afforded by the Bank Of England
has arrested the distress which would otherwise have
Cured We quote rates lower From ten to twelve
per cent continues to be demanded There is, however,
a better feeling in all monetary departments and good
bills cease 10 be rejected We confidently look forward 10
the day when confidence will be re-estabshed.
prosecution commenced against certain money
changers had considerably checked the demand for gold
at the Bank of France
despatch from Marsecs says:-Since the publication
of the decree authorizing the expectation of grain the i'm
provement in the aspect of affairs has been maintained.
There rise of three francs qualities
Other goods are beginning TO rally
At Madrid considered likely that the financial
crisis would affect Spain. The situation of the bank
continued highly satisfactory The price Of wheat
tinued 10 give way.
The advices from Bohemia are deporabe. Exchange
in favor of gold against bank notes. although secured
by the State at the rate of IL IL per cent and in favor
of silver at the rate Of to per cent
Vienna letter of the 14th says The financial accounts
from the manufacturing districts exceedingly act
ing. The number Of failures was enormous No greater
panic ever known at Vienna.
BY TELEGRAPH FROM LONDON TO LIVERPOOL.
LONDON, Nov. II, 1857
The Times City Article of Friday evening" the 2ot, says
The funds have been very steady today, and have
closed at advance Of u per cent There have been
further serious failures during the day. the only
mentioned being that of firm Of whose ultimate s,vency
there is apparently not tho slightest doubt further
Improvement in foreign exchanges and the prospect of
about half million Australian gold being forthwith
taken to bank and also of considerable arrival by
the Persia from New York, assisting TO impart firm
TO foreign exchanges This afternoon the rates for
Amsterdam and Hamburg rather higher, but Paris
was about the same at last post About f35, 900 Of
gold and coin sold in the bank day The suspension
was announced Friday of J. X. Thomson Co, firm
largely engaged in the colonial trade especially with the
Cape Of Good Hope Their liabilities supposed to
amount TO about f200 900 10 f30o coo.
al
from So to OK per This has partly been occasion
ed by the pprchenson OF large failure which it is bo
neved will be found to have been avcrtcd.
The Times City Article gives the following account Of the
state OF the produce markets during the week.
The produce markets which at the OF the
week showed slight tendency TO Improvement, have
money and the still unsatisfactory nature Of the Amcr
can ,advces Further heavy failures during nll the
early days Of the week further increased the general feel
ing Of dsrust but the absence Of any fresh difficulties
Thursday and Friday had some effect In restoring conf
dence.
funds and the premium gold has declined nearly
per cent This improvement attributable 70 tho official
announcement Of considerable reduction the Austrian
military establishment
At Hamburg Messrs. Ulbng 4 Cramer, engaged in the
Swedish trade, have stopped payment being involved in
some Of the embarrassments IN London.
In the Daily Ns,ps City Article said that the nego
taton Of bills the Continent attended with great
difficulty.
The Times City Article referring to the bank returns
points out that while we have been increasing pro-
misses pay in gold, the stock OF gold which those
promises were based has been steadily diminishing All
will SEQ tha, this inverse process must have certain
limits and that II those limits were reached NATIONAL sus
pension would be the result happily yet checked by the
partial tendency TO the revival Of confidence.
The Daily Netcs City Article describes the returns
the most remarkable published The banks have
rrngcd the act 10 the extent of two Millions but a
siderable extent this infringement is seeming than
real OF the two millions Of new notes created against
government securities deposited in the Issue department.
fi las 1855 In notes and f4oi b0l in con-makng total
reserve OF f1 562 csc remaining the bank stll
sequcuty the extent TO which the public have actually
trcnched upon the fund Of two millions, 80 far
placed a, their disposal really less than half million.
The fGss Az of coin withdrawn the country
being held in Scotland and ireland The bank appears
have sold million Of government securities 10 the
market.
NOTTINGHAM Nov 2o--P. M
The town rcmains perfectly tranquil Tho Mayor
and magistrates have succeeded in preventing
ing of the operatives. Many in from the country
Districts but quietly dispersed. II generally he
cvcd that upon the meeting being prevented In the
ko, place. the would assemble in Nottingham forest
and every precautionary was t,ken dsperse
any crowd that might together In the country dis
the police prepared TO act n moments
,icc Temporary relief has been afforded great many
families The able bodied not compelled 10 20 into
the workhousc, and they employed IN constructing
new road one OF rioters OF Tuesday night has been
sentenced to six months imprisonment
PARrs Nov. 2o-Evening.
The funds rather lower The three per cents closed
AT e6f. e5c.
GREAT BRITAIN.
second attempt vas made 10 launch the levsthan
steamer Great Eas,e m, November TO- but proved