New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-23
FINANCIAL AFFAIRS.

tie Nisgers the suspense Of Messfs. Dennistoun &
Co.. OF of the largest firms connected with t1e Auen-
can trade in Great Britain, was annou,oed Taer
liabilities are estimated at something like E2,O0O 600
sterling TIE head establishment Of the house 10 Ia
Glasgow and there are branches 10 London and Liver
pool New-Yoik and New Orleans, end Melbourne,
AuatIais but the Melbourne firm Is not compromised
Tie anost total cessation Of req tanoes from America
was the cause of the suspension. The private prop
erty of the psItrers is of greet magnitude, end Is
is presumed the en- bsrrassment will be bat temporary.
The funds were buoysnt throughout the day, ana ~
advance of per cent in consols took place.
The applications for discount at the Bank continued
extremely heavy.
At Hamburg the rate Of discount advanced to u
per cent.
Il trans PRED that the liabilities Of Mesus. Nylos.
Vickers & Co., instead Of amounting to million stef-
ling did not exceed half that that the stock OF
iron held by the firm in England ard America 10 worth
ego 1000 and that every debt owing TO them in Aue'
1oa is of character which any sound and pradsns
house might have implicitly relied.
On Monday, the 9th, the Bank Of England raised It,
rate Of Discount from to 10 per cent.
The Western Bark Of Scotland at Glasgow, With Q
rai Up capital Ct 600 and deposits supposed 70
amount to Sc O00 600 sterling closed M doors on the
9tb. This Bank did immense business in Glassov.
and had about 100 branches scattered over Scotland.
Tie pension caused great dsmsy but ss the pro-
prieary numbers many very wealthy men, no eventual
less is feared. The Bank had an active connection
with America and with American houses In glasgow.
TIE suspension was also announced OF Hetsrs.
Bernioch T~entyman & Rigg Of London std Mar
chester, ergsged in tie silk trade. Liabilities est
rated at from E2OO,O00 to f300,00O. -Four or five
Fl. ms expected to be involved with them. ksssrs.
Broadway & Barclay, East India and general rer-
chants Londor, also stopped payment on the 9Th WITH
liabilities estimated at ESQ., COO to GOO 900.
The furds on Monday, notwithstanding adverse In
auences, exhibited much s.esdiuers, and although
Corst Is declined under the influence Of the riss In
the hank ra.es, reaction aiterw&d took place.
The American advices produced a good effect
There vas an absence Of gold Withdrawals from the
BaIk, ard the oyporstion Of silver 10 the Ess APP
pesisd to have received complete wreck.
The acceptsnces of Hcge and Williamson Of Liver
peol, correspondents of VIM Hoge & Co. ofNsw-Yo /.
were rot taken up; and Paris letters reported that
the large American house of John Munro e. Co. had
stopped payment.
The failure Of Gsllerksnp Brothers, Amstsrdsu.
was announced.
de putation from Liver pool united with that from
Glasgow for the purpose of inducing the Government
to take steps in the financial crisis but no resut bad
been attained. The Manchester Commercial Associs-
ten declined to join in the semept being Of Opsi0n
that the Government should not interfere with the cir.
culatirg n dium.
On Tuesday, the IOtt tho funds were quite buoyant
and closed at Q considerable advance. The official
cIosir quotation was ssiassi, but aherwsrd sales
were made at ss 80 for money, and S9ioS9i for &C
count Sovereigns TO the amount Of 100000 OF
geo 900 were taken from the Bank for Scotland, the
fall of the Western Bank having caused run on some
of the other principal banks at Glasgow and elss-
where, including even the Savings Banks.
In mercantile quarters there wss rs her less uneas-
pes., but the applications for dscount were still vsV
pressing. -.L--...
The London Joint Stock Banks, with one exesp Ion,
refused to increase their allowance for deposits beyond
per cent.
The following failures were reported:
Babcock & Co, Of Liverpool, Glasgow, and New.
York. A surplus of ssses confidently sxPsoeed.
Liabilities, 100000.
Henry Dutilh & Co., Of Liverpool.
Jos Foot g. Sons silk manufacturers, Lordop.
Liabilities not more than $4,000 srd assets faiy
equal
The share mmket was considerably lower, on Tues
day, under heavy sales. % .rs5.
The London Morning Post declares that the Bank
of England has succeeded In alarming credit and check
ing industry, ard has failed in giviog an inward dEss'
ten 10 the gold currency.
A letter from Hamburg Of Nov. reports regular
panic on the Stock Exchange there. There vas
great want Of specie and bills Of exchange were "
most ur saleable.
Ats meeting Of the shareholder Of the Borough
Bari o. Liverpool IL wss resolved TO register Hs
Bspk uuder the Joint Sock Banking Companies scr
ard to hold subsequent meeting to consider the pro-
n,i,tv OF wirdirg up the affairs of the bsnk-
lsrKrcAE SycuRrrHs-In American Securities
tu.ipe,s was Bui.ed. ard the tendency d'srsard.
Tho following bu,iness was hassac'ed on tne i~n:
uroj. Central Bonds Of T5..."y......"..."....n
Iunois Centrsi 70 10 on
New York Central shares. "