New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-08
FINANCIAL AFFAIRS.

In London Saturday, the y inst the recovery
81 mercantile confidence made farther progress, not
vhsan6ing the serious features of tbs Back retnrn
Tie funds opesed firm, and advance 10 prices took
Place blu. subsequently here was slight reaction,
owing TO q report OF fresh baking difficulty in the
toyth Of England, which report ho~evef, proved TO
ks unfounded.
Iosns on Government sscur les were readily OBJ
tsirs DE for short periods ~ lover rates. About
Goo OO0 Of Aus rslian gold cold to the B lax
duiipg the day.
Ga Monday the ODD according 10 The Times the
tone Of improve ia all departments Of mercantile
business wss dstinct than at any tune since the
fret SIrn becsme Observable There vas continued
sbseIce Of further ia lures aud additional amour. OF
bullion. fi60,000 taken to the Bank. o. the
STOCK Exchange there wss increased supply Of
money, ard short loans were Obtainable on Govern
nent securities st per cent. AZ the Bank Of En-.
alsnd the demand also was ess heavy. From these
facts The Times says that the state Of actual psnic
may be considered to have entirely passed away. On
the Stock Exchange slight decline took place in Con-
fels owing to some speculative Sales but the mslket
closed steady.
Heavy failures q, Hamburg were reported including
Bessrs. Ulberg & Cfena ia the Swedish trads, with
liabilities estimated at more than milio1 pOuuds
STERLING land f. Blsss a. Schomburgk. who's liabilities
are no. stated. From Bremen the suspen ion was re-
ported Of Il Overlook, and Sassenberg & Meyer, the
liabilities in each case being only about G20,OOO At
Smyns the house Of Topuz & Co. had suspended.
Liabilities 100000
The money panic in Ireland had completely SUBJ
ided.
The Times (Cty artcle Gated Tuesday evening,
the "a says in regard to the st.e of affairs on that
day:
" A steady flow of bullion to the Bank assists the
tendency 10 restoration OF confidence ADD altogether
bette feeling prevails although some ad dtonsl fail
ures have oocasioDed deep regret In the Stock
Exchange TO- day owing 10 the large invss ments OF
the public, the supply OF money vas abundant, and
short loans Government security could be obtained
reedly at 6 TO per cert At the Z snk of Eug and,
fhe applications continue TO gradually diminish, and
the repsyments now fauiug due there are extremely
large, the weekly returns heDceforth likely 10
show considerable Improvement. la the discount
market also there rome sigas Of relaxation
TIL gold taken to the bank sitan week amounted
% G93o000 exclusive Of any sovereigns that may
have been returned from Scotland or elsewhere.
The funds were buoysnt and COnsos closed at S9i q
e0i for money, and 90 9Oi for account.
The failures of the day were Herman, Sillem & Co.,
liabilities heavy; Can, Josling & Co., in North Of
Europe trade, liabilities f3OOOO0 Alexander Hiutz
Il Co, colonial produce dealers liabilities large all
Of LoLdon; Peniston & Marshall, American provision
dsslers Liverpool; and Jonathan Bottomey, spinner,
Bradford.
A dispatch from Hamburg OF the 2i!h says:
new institution, int ended 10 relieve commercial
dstress, was announced here toasy, called the Dis
oeunt Guarantee Society," with ten million marks
batco capital The whole amount was subscribed In
Sour hours"
In Psris the oath, the funds closed at &c 90 for
money, and OF for account.
Rumor current of = probable funding of the
Exchsqusr bills.
American sEoURIrRs,-The London papers Of
Tuesday report active demand for American Secu-
ries On the previous day. illinois Central and Erie
Bonds improved but the shares of the former recsded