The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-11-04

The steamship Arago, at this port from Havre
and Southampton, brings four days later news from
all parts of Europe. The adviccs highly interest
ing, and in financial point of view particularly i'm
portant. The arrival of steamers from the United
States was looked for in England with the greatest
anxiety The effect Of the advces up to the latest
dates was full as great as anticipated The move
ment of the Bank of England prompt and de-
cided. The rate Of interest was Immediately ad-
yanced to per cent, and further advance was ex-
lected. II the general impression that the Bank
OF England would put the rate up to 10 per cent in
Tie event of suspension Of the banks of the
city of New York. They have before this the news
OF our suspension and shall look with the greatest
interest for the arrival of the Ariel or Arabia with
the accounts of the effect in London The Bank Of
France has raised the rate of interest to u per cent
the Eank of Hamburg to % per cent. In Bremen
the strngency was very severe, while in Vienna a
slight Improvement is reported. No failures OF
Importance had been reported, either in Great Britain
or on the Continent Amidst the panic caused by
the financial intelligence from the United States.
the quotations for consols show q pretty steady
course OF prices The closing quotation was ss4
Der cent. In American securities a very mo
derate business is reported, all at lower prices
market is reported with prices in favor of buyers
Bieadstuls remain without alteration. with very
moderate business. The accounts from the manu-
featuring districts were much more favorable than
anticipated.
The steamship Arago from Southampton, brings
$40 900 in specie A list of the consgnees will be
found in the news columns.
The amount OF revenue collected in Boston from
Al
s2a4 474 against $685. ,59l Tor the same month last
year, showing decrease OF .40s,ll7 II.
The circular Of Mr.. A. III. Nicolay, stock auc-
toneer contains the following in relation to public
sales Of stock securities:--
The sa of stocks and other securities public auction
have reached such magnitude as to fairly entte that
mode selling he considered the popular and
constitute very important branch OF our financial bust
n,ss. y hiss been progressively growing into favor for
the six years and the OF this year have
Low placed beyond all doubt the mos, legitimate.
frum one sale week H has grown uiSn extent
require every day; and that Will mantan its
ground cannot doubt, Tor suits the tastes the
n,uty better than any other mode can no. being open
ud above boardeyery transaction visible 10 both seller
anu buyer And nov, when u fairly established, all
scurtt.s offered are more certain 10 bring fair price
than by any other mode OF there always at
the the Exchange suihcency oi buyers who VIII
lid up 10 the true value.
II is estimated that the wheat crop of Wisconsin,
for the year 1857, will amount to eighteen millions
oil bushcls-being an increase of six millions over
ls56.
The returns Of the banks Of Georgia, In compliance
With the Governors proclamation, for Oct. 1, 1867,
show an aggregate of 81 ,320 429 in specie and cir
cula,ion OF $4,9t4,a5s.
The specie in circulation in France in the time Of
Colbert in 1901 was 5000 900 .O00f; in l70s it was
$4,000 O00f; in 1854, 1000 900, 0oOf.; under
Nccker 1000. 600 O0of in 1905, $500 900 ooof; in
1875, 2.7l3 600 ooot In 1852 1856 900 00Of; and at
present il exceeds 5000 600 00of. France has more
specie than England, Russia or Germany including
Austria. aud four times as much is in the United
States.
The following Is abstract Of the situation of the
banks in Maine, as they existed ON the Saturday
preceding the first Monday in October
.,Iatai stock 81 702 200 90
bs IA circulation. 3,gT3joI 90