The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1857-12-05

Foreign News.
Three steamers from Europe arrived a
New York during the week-the Africa o
Saturday, the Fulton on Tuesday, and tn
America on Wednesday. The dates are t
the 2lst November.
There had been no later arrival from Ii
dia.
The Emeu had arrived at Suez from Au.
tralia bringing over 100000 in golt
Damaging floods had occurred at New Sout
| Wales.
In England, the panic in money matter
/ Continued with comparative little abatement
! The Bank Of England had infringed tn
bank charte- act (by issuing bills redeema
able in public stock) to the amount Of tw
millions of pounds. The measure, however
had not perceptibly diminished the pressur
at the bank for discount.
A number of new suspensions are an
nounced, principally of houses connecte'
with the American trade. Among them, tn
house of Geo. Peabody & Co. had becom
embarrassed, but was relieved by aid from
the bank, to the amount of nearly a million
some accounts say. The following ar
among the new suspensions:
F. Sideling & Son, in the Swedish tra3e
with Liabilities of half a million sterling
Allen Smiti K Co., in the Denmark trade
liabilities 100000 pounds; Garrison, Huff
ford d Co., general merchants, in conse
quence of American difficulties, with liabili
ties of about 600, 900 pounds; Suendon
Johnson, merchants, liabilities $40, 900, anc
Brockel>ley & Vessels, corn importers, liza
bilities EiU, 900.
Tina large gold arrivals were regarded as
likely to render any further advance in the
bank rates unnecessary.
The stoppage of the Woolverhampton
Bank caused many failures in the iron dis
tricts, representing in the aggregate large
sum.
The London Commercial Daily List, on
the evening before the steamer sailed, an
nounces better feeling in monetary affairs,
and says that good bills cease to be neglect
ed. The funds also had improved consols
closing at an advnce of I. No serious fail
ures for the day, also, were reported.
At Hamburger the rate of discount reaches
to 81.
A private letter from Paris describes a
better feeling. The American houses were
beginning to get remittanc.s, and the situa-
ton of the Bank of France was improving
The Emperor Of France has written let
ter to his Minister of Finance discussing the
financial question. He is panied to see that
the public credil is injured by chmerical
fears, and by the propagation Of SOC di,ant
remedies for an evil which only exists in
the imagination and beg> tina, the minister
will deny per,mptoriy all absurd projects
attributed 10 tue Government, atii Miu.
that there il TO country ia Europe where
public credit rests upon r.ors extensive
and solid basis
The letter had bat tide offect The las,
monthly returns Of tire Bank Of France
show loss of ;~euty sni.I:oas OF francs in
specie.
At Vienna there ha. been a partial reco-
very in the funds, and tbs p-et.iut, on gold
declined one per cent. HE improvement is
attributed TO An .ifsctual announcement of
a considerable reduction in The Austrian
army.
The attempt to launch :he Great Eastern
As made on the 1911, and il VA. found I'M
possible to move her.
Some rio,ou- proceedings had taken place
among the unemployed operatives at Not
,ingham. The windows of some of the
provision shops were broken. Meetings
were held, aud special cons,ables sworn in
to keep the peace. All was tranquil on Fri
iay.
The Espana of Madrid says that Mr.
Dodge, the American Minister, has resigned,
but entirely on account of the health Of his
amily, ami private considerations.
The powder mills at Sayence had explod-
"a, destroying portion of the town. Thir-
. persons we've XII ed and five hundred
soundcd. D4ns:e ESQ, 900.
u great tirr accurred At 81. Petersburg on
BE 81" ut. Many lives were lost No par
4cU.arS.
The decree aboiis,ing serfdom IN Russia,
: 10 ue pab.;sG,d on the 18th Of December. !
iec3>iati.. body is convoked for the 2sth
# November.
CUnarner~r.-Liserpooi provision market !
vas dull, and prices show downward ten
iency; the recently reported advances in /.
agar had been lost, and prices closed at
bou, rates cuskent at the departure Of the 4
africa. The advices from Manchester and .
he, manufacturing districts generally we've
loomy. Money was in active demand, but /
rithout any change in rates. Consols clos
d for money at syta90.
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