The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1857-12-26

houses and the immediate Of their embarrassment
has consisted in the failure OF Messrs Albert Pely 20
The amount Of their liabilities has no, transpred
The bills have also been returned OF Mess Montoya
Ssenz Co. old Spanish firm OF respectsnie sanding
as genera M rchants The debts believed to be very
small the house having been closing It's transactions Tor
The nex, announcement that of the Worcester Bank
of Farley Lavender Co. In this the liabilities
believed 20 be very small The bank established more
than year ago and has for some time been in state
Of decay ehoyed privileged circulation OF ELS i6S,
the amount Of notes At present outstanding said to
be only about q 600
formerly Tsdall Ward), OF West Smithled who APP
pears in the list Of london bankers hut whose business
principally that OF agent 10 cattle statesmen The
tent OF his engagements has no, been stated \
Some ses on against these disastrous circumstances is
nents having been able to statements and r
ties 70 the Bank OF England which have sppeared sufficient
20 warrant support being extended I, them II under
stood thai hessrs Robert smith Co., Of Manchester, a
firm very largely connected with the silk trade regarding
whom some anxiety has been felt during the past few
daya have obtained aid from that establishments walsh
viii fully insure their safety ana that application from
the Wow erhampion and Slavrdshire Banking Company
which stopped on the lTh Of November with liabilities es
ta;sG st about 81 eco 600 has also been acoeeded
This bank opened on Tuesday last for the redemption
OF rs note circulation and may now be expected to 70
sumo is ordinary business in the OF next week
Had its resuscitaton been found impracticabe much dis
trees would have been created in the iron districts
The English funds continue to show great buovancy
They opened this morning at fresh advance OF quarter
per cent which nlaned TO the close Consos for
the opening were hrst quoted al94 TO n ex dividend
ard in the afternoon, receipt Of the Indian
gardng the large force advancing to the recf Lucknow
afurther improvement occurred and some bargains were
effected al % The additional rise, however, after
wards lost, and the final operations al alii 20 e.
The bank return IN the Garee which shows increase
Of f713022 in the2bulon and 81 1872 las in the
expected TO be favorable and this with the certainty
of large gold supplies continuing to pour in, and
the satisfactory statement of the Bank OF France,
assisted in creating general feeling Of confidence.
Bank sleek left of al 2l7 10 21a Reduced and New
dfsrnvUt pyrhp1upr
Some loans government securities negotiated
toda! n the Stock Exchsnge ut from OF to per cent
gradually diminishing dd hcief is entertained that
when reduction Of The bank rate is commenced the
downward movement will he pid.
The principal feature IN the foreign stock market is the
centuutd advance in Turkish, which neary per cent
above the point al which i stood month ago. Other
descriptions IN l.ite request
The Anal quotations OF the French three per cents
and 6df 45e for the cad OF the month. showing an ad
vance Of more than quarter Der cent AT Amsterdam
and Vienna extreme fatness stu prevails
Abou, f2l0, 900 Of gold, nearly all Australian was sold
g the bank to-day Soveregns are also coming in from
ireland and other places.
The gold ny the Fsscx-f42l o20wl sbe delivered to
morrow, and the whole expected to go TO the bank.
The precise amount oi silver shipped by the steamer
Caledonia TO sail for Hamburg tomorrow morning is
f50,l4s,
TIE African mail steamer Gambia has brought fl2 900.
The figures presented the monthly return OF the Bank
of France urulsh remarkable illustration OF the effect
produced tha, country by the advance OF the
discount 70 10 PER cent at the beginning Of November and
Quenily Tie bullion. which in the previous
count showed falling of OF e. 4i0 900 has experienced
increase Of Ct coo ana nov stands f94io 900,
although TIE premium paid for artificial purchases which
last mouth Els 600 has not been than
floe0o Even allowing therefore, for the effect OF the
police restrictions ehnx which said
at the height Of The crisis 10 have been redoubed il is
evident that strong turn Of the tide must have taken
place naturally. While the bullion has been rapidly
increasing The Tote circulation has been drawn In in
greater dim mutton having occurred OF e. $50 900
withdrawn Of e. 900 Of deposits has been colnciden
with a contraction Of 60 900 in the discounts. The
balance TO the credit OF the Treasury has increased
f55 and he advances stocks and shares have been
reduced by abop, gao co0.
The stopjage Of well known firm of ~ Ponoppidam
the Danish Consul at Hamburg has been announced
have been only monetary ample assistance having been
obtained 10 enable II 10 meet all IL engagements II is
understood that the difficulty had not been
westeBhoz Brothers, would not have been in any way
compromised Adyices from Hamburg contradict state
men Of the suspension Of j. D. Matzenbecher Sohne, OF
ths, ciiy. correspondent also writes
beg send you he following lines in order recfy
n Ts'ss letters from s~sgrg N one 81 them
RehTens Gosser Co. have allotted them almost the
ycstsTdsy only miiors half these bonds have
been issued aud no, very likely novernment would
sIo, houses only such large sums The two aho3e
S hut Msp ma n ssrsns a.
eg, behfenerrg 1ossler 4 9 co o.. ,,. =, -.
rs ~. Cu r e N assHsy OF
IT, Gre ~od IN ermsn- u ths later erb
properly According laws only hose citizens have
fS owo SPSsI H. ~ ST ' IL oas 81 s articles o yee
that the idea Of pc-pcning all payments due bills
hat my bes! knowledge. such idea was enter
aimed FOR moment though have been
he opinion 81 single individual
At the Court Of Bankruptcy 10 day intina,ed tha;
10 The course ~ day dividend ~ Cd IN the
pound will be declared under the estate OF Messrs Strs
haa Paul aud Bates bankers IN addition 20 the IS Sd
the pound already paid.
prom the Liverpool Times. (ci,y Artcle,l Dec. i21
The Indian dispatches received this Afternoon per tele
graph great measure restored confidence, aud
have been looked upon with satisfaction than those
rftg la In xyl gRrfai
rather gloomy aspect of Affairs az Lucknow.
The demand FOR money continues active, but by no
means excessive AZ the minimum rate of the Bank OF
tngland although N the open market first class short
dated bills have been IN some instances discounted at
per The announcement OF the Chancellor OF the tx
chequer the OF and bullion In the Bank
ot England rapidly the increase, has impaired
hdenCe and led 10 the belief that early day the
directors may entertain the question " reduction IN the
rate OF discount On the Stock Exchange business has
been uuet the failure OF several brokers having
caused dull aspect The arrivals OF gid have been
large and the influx INTO the bank considerable More
supplies may also be early expected from the United
states ard Australia The Bank Indemnity biz provides
that the Bank Charter act SHALL remain suspended until
the expiration OF twenty eight days after the meeting u
Parliament in 1858 procedure which will carry the
bank the January dividend period. W. 10 the
tine. the directors reduce their minimum below 10
per cent, the act will renew ia iall force.
Tho following vessels known 10 be actually on the
pay from Austria this country, with gold boar
Gold board
Edrs Fum s1ii.d. %. sos.
MAJ :, Jsiah sSdIcy d,t iaf l4.eoo
Cenlurioa. Y. sydney Sept. 107 1000
To,al ounce. .......................i1
The arlo.ni n bills drssn By the East India Company
90 Their respective presdcnces, from tile .6th OIL tie