The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-05

loans on consols untl the December setemet The sup
ply OF stock thus indicated tends rather 20 discourage
cnatcrs for the re despite the approaching deduction II
the half yearly dividend.
From the london Chronicle, (Cty Article) Nov. 20
The demand for moaey continues very active, with
nothing doing below tho bank rate
The report which has been circulated Tor some days
past 70 the effect THAI large house connected with
the American trade was in dificaiy was revived this
morning with less reserve; but able that
house assistance in conjunction with Of the Joint
stock banks to the extent of 81 100000 This will quiet
the spprehensioas Of many persons.
second large house has also received assistance and the
feeling IN the commercial sOrld has become much better
Commercial difficulties rapidly increasing, from tho
extreme ghtness OF money and the failure Of remttances
rCm America and the heavy fall in the price Of produce.
II is chiefly the large houses which, at moments like the
present suffer most hence the aggregate Of liza
bltes OF the houses which have suspended this week -
considerable.
The Rank of Enslan and their champion OF the press
appear 70 be striving their very utmost to their
bantipgo from the death feel awaits it, and,
from the incidents Of today We shall not 30 surprised if
morrow another effort TO support the bank char
ter which the old lady Of hreadneedle street sets
so much store.
IFrom the London Star (Cty Ar.ice), Nov. 2o.]
is said that the Court OF Bank Drec ors which sat
from ten O'Clock this (rhursday) morning until nearly
quarter past two had before hem pressing application
rith the trade NTH the United states The application
stated TO have been favorably entertained and
granted 10 the erent Of f500 00O at 10 per cent interest
Assistance also extended yesterday to the Woiver
hampton and Stafordshre Banking Company. and Also
is adde 10 commercial house connected with America
The long list of commercial failures yesterday threw
good deal Of gloom over business this morning. and
tendency to depression was increased bv the protracted
sitting OF the Bank Directors From the fact Of the de-
mand for notes having been active all the week. and
the inquiry showing no signs of abatement it was believed
| in many quarters that the court considering
the errediency Of advancing the rate Of discount be
yond the ertsttng minimum Of ten per cent The court,
there suppose that the subjects which
crossed their attention the present aspect Of
merca affairs and the application for assistance from the
eminent house referred to-
From the London Herald, (City Arice,l Nov 20l
Although great apprehensons were entertained in rea
TO the effects of failures yesterday they have for
tunaely not been realized and to-day has passed
emparaively tranquil maneer. Notwithstanding the de
mand for money maintained at high point, with
~ any indication of relaxation there better of
feeling and unavorabe reports less abundant The
weekly court Of the bank directors took place usual
but although they in deberation period, il
not expected that any change would be made the
general terms of accommodation. This coupled with the
knowledge that no serious embarrassment was immed
atety imminent, created rather confidence and
wards the close OF the afternoon disposition mani
tested to look with greater cheerfuness upon the future
| progress of affairs.
II satisfactory be able that through arrange
mets ufh the bank and other establishments, the ertenstre
firm rhich recently placed IN jeopardy WiH be enabled
10 surmoint its temporary difficulties This announcement
which made to-day, assisted in great degree
the anticipated collapse Of dependent houses.
serted that the successful termination Of this negotiation
removed an enormous weight Of responsibility from The mo
| ney market.
From the London Globe (evenng paper) City Article,
There is lat noon) much queer feeling in city
circles and the absence Of further commercial failures
to have created increased confidence. Most per
inclined 70 believe that the worst s over and
that, although occasional disaster may occur those
mercantile firms who find themselves embarrassed will
be enabled through the assistance Of friends To excae
themselves The fact that a large establishment connected
Nth he United States has been assisted By the baak-dd
dnced maeh satisfaaiom and Il the infax fo Of
| gold into the bank should continue, the bill
toward w eT Clients s
PLENTIFUL but the suspicious created by the
pensions and the distruss everywhere exhibited induce
capitalists to keep unemployed rather than 20 any
risk, while many firms deem prudent TO hold extensive
reserves in OF emergency The banks placed
in this position, but merely requires revival Of conf
dcncc to restore affairs easier position. When
found that the toppages less other houses
will be relieved because the experienced
| would diminish. Second and third class houses could
then get their bills discounted, whereas for time
past even those OF FIRST rate credit have had many df
| culties To encounter.
| Two O'clock Pm
| The inquiry for discount accommodation Is unabated
In the market for English securities rather armness
exhibited, and the tendency seems favorable, owing TO
the arrivals Of specie. Business, however, is still very
dull and the spectators refrain from extensive
ments If the Persia from America should bring large
amount Of sovereigns anticipated it will doubt pro-
duce increased buoyancy Consois have been s94 sos
for money, and eos s04 for account.
TIrom the Liverpool Times, Nov. al
The gloom which for the past few weeks has spread
over the commercial community has not been removed;
the cloud Of distrus still hangs and without any
prospect Of relief until the meeting Of Parliament
The demand for money is exceedingly active, both
the Bank of England and in Lombard street and although
atvaRce has taken place in the rate o discount at the
bank, many rumors have been flying that such step
would be necesstatcd, and that the directors would bc
compelled to advance the rate to II per These
ports most probably gained strength by the heavy failures
reported during the week-chef amongst which the
woverhampten Bank, long established, and of old
high commercial reputation The accounts from Scotland
and Ireland however satisfactory, and the
mand for gold has for the time far they con
ccrncd evidently exhausted itself and prospects of a re-
turn Of the buxton TO the bank cellars at early period
fully entertained The pressureupon almost all classes
at the present critical period should cause forbear
hn hon tttrt tt,.~.
daon, and in all require full rates for the best
paper, considerably higher for other descriptions. The
timely arrival OF gold per the Emcu has produced favo
rable feeling and the exports OF specie TO the Continent
and the Fast have been almost entirely suspended Tho
we have had amounts by the mail steamships
turning TO this country chiefly however for the purpose
Of covering bills The high rates for money here have
rendered the export of the precious metal Improbable
proceeding The intended summoning Of Parliament Ia
the most satisfactory announcement that could have ac
cnmraned the suspension of the Rank Charter act While
the causes Of that event fresh they must be thorough
~ sifted and exposed.
The account In 10 nights CARTE under the item Of
notes issued, states that 81 600 600 Of the total
are issued under the authority Of the government letter
night last the and bullion further reduced aud
the above day stood at SO asa os6 being decrease
the week Of f6s6, Az.
The return from the Bank Of England for the week end
ng the 18th November gives the following results when
compared with the previous week
Public deposits Is ls3 ISL Increase fl6o 222
Other deposits 3e5a65 Increase. o23,o5l
Rest. ........... 3t3 500 Increase 6eli4
On the other side OF the account
Gov 1T securities &c lo7 l34 Decrease f3 o37 ,ses
other securities 100, ,250 Increase. Ils5,sl7
Notes unemplyd 40t sol Decrease ....... $50, ,209
The amount Of notes circulation G22 $50 ooI being
Increase of Gt q66 73o and the stock of bullion both
departments GO asa 06, showing decrease Of E5s6 4l2
when compared with the preceding return,
M the f22 554 sos notes issued e. 600 900 ssued
under the authority of the letter from the First lord
Of the Treasury and the Chancellor Of the Exchequer
The bullion market has been quiet since last but
with settled than Il previous week. Bar sill
yer rs quoted 5s. I'd, and is readily taken at the
dollars
taons Purchases for the Fast have ceased for the pre-
sent there gold Shipping for the continent The bank
has been the principal purchaser OF gold Of which there
have been several arrivals.
G a.
Foreign gold In bars (standard) per oz...... IL
Silver in bars (standard) d).................... IL
Gold coin, Portuguese pieces. ls
HH'T'aH caF's. 4s.ss.ssss. y IL v
Douboons patriot rot..........................3 is
DO. Spanish ACKNOWLEDGEMENTS. 3 ~ o