Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1857-11-23

NEW York, Nov. 22.-The ateamship At
lantic, Capt. Eldrldge, from Liverpool We'd
nesday, Nov. IL, arrived at this port at seven
this evening.
The news by this arrival is highly impor-
tant and interesting, both as relates to fnan-
ciaf matters and general news.
The Western Bank of Scotland, and the
Glasgow Bank of Glasgow, and Messrs. Dem
nistown s Co., merchants, have failed
The capture of Delhi is confirmed Euck-
now has been relieved. The King of Delhi
has surrendered himself. and his life was
spared. His two sons were shot.
The latest telegraphic advices from India
are fortnight later than previous dates.
Delhi was in complete possession of the Brit
ish on the 2lst of September.
Gen. Nicholson had died Of his wounds.
1t was rumored in Liverpool Wednesday
that the Bank of England had suspended.
The rumor probably grew out of the fact of
an advance in its rates of discount.
London, Wednesday, 2. M.-Consols for
account closed SO IL 80. Messrs. Dennis
ton & Co., the heaviest house in Great Brit
ain, connected with the American trade sus-
pended on the 9TH. Their principal house
was in Glasgow, with branches in London.
Liverpool, New York, New Orleans, and
Melbourne. But it is said the Australian
house is not compromised
The cessation eff American remittances was
the cause of its suspension. The private re-
sources of the partners are very large, and the
suspension is probably temporary.
On Monday, the Bank OF England raised
its rate of discounts to ten per cent.
The Western Bank of Scotland, with a
paid up capital of Ell SOC, 900, and deposits
E6 nm nm hos sDapop1a6 Tho hus IS
the bank was immense, and it had one hun
dred branches in Scotland. The proprietary
members are wealthy, and no loss is appre-
hended.
Messrs. Bennock & Rigg of London and
Manchester, in the silk trade, have suspend
ed. Liabilities from G200, 900 to $500, 900.
Broadway and Barclay, of London, in the
East India trade, have also suspended. Liza
bilites 100000.
The funds declined on Monday Lid. I'M
der the rise in bank rates, business subse-
quently sustained reaction.
The advices from America were regarded as
more favorable. There has been nearly a
total stoppage from the bank. Messrs. Hoge
Williamson's acceptances, Liverpool cor
respondents of VIM. Hoge of New York,
have been dishonored.
1t is reported that the American house of
John Munroe Co., Paris, has stopped.
GalleEkamp s. Brothers have failed
The deputations from Liverpool and Glas-
gov were unsuccessful in endeayoring 10 in
duce government to adopt measures of relief.
The Manchester Commercial Association de-
clined participating in the movement
On Tuesday the funds were buoyant, aud
advanced to SO. Four thousand sovereigns
were taken from the Bank of England for
2ooftond he - oh
Bank had caused run on all the banks, in
Guiding many savings institutions. There
was less uneasiness in mercantile quarters,
but demands for discounts were pressing.
The following suspensions were announced:
Babcock Co., Glasgow aud New York, liza
bilitles E30O, 900; Henry Dutilh & Co., Liv-
erpool; Foot Sons. silk manufacturers.
A letter from Hamburg of the 7th inst, re-
ports general panic in the stock market.
Specie was scarce, and bills of exchange un-
salable.
The shareholders OF the Borough Bank of
Liverpool were resolved to register their bank
under the Joint Stock Banking Company's
act, but are undecided about the propriety of
winding up its affairs.
In American securities there has been
limited business.
The Atlantic Telegraph Company have de-
cided to lay their cable the later part of next
June, commencing in the middle of the At
lantic Ocean, as originally designed.
Messrs. Glass and Elliott have commenced
the construction of additional cable, making
three thousand miles in ALL Messrs Easton
and Ames are building new paying out ma
chimes.
The London Times devotes leader to the
remarkable GOODNESS of the Americans under
gfofiT Al.
uncontrolled issue of paper money.
The Directors of the Bank of France had
an audience with the Emperor, and unsuc-
cessfully urged a duty of three per cent. on
specie exported. The Emperor is reported to
favor an advance in the rates of discount to
eight per cent
Accounts from the French manufacturing
districts represent a complete stagnation in
business.
The financial pressure has reached Sweden
and Norway. fH ~
The Bank Of Frankfort and the Bank of
Prussia, have raised the rates of discounts to
l-2 per cent.
The senate of Frankfort have interdicted
the residence of an old political refugee named
Froibel, who has since become an American
citizen, and the American Consul threatens
to break off relations unless the order for his
expulsion is reclaimed.
The Russian war steamer, Caspian Sea,
has been lost. The captain, three lieutenants,
and eighteen men were drowned.
The English Government have arranged
with the Oriental Steamship Company, for q
weekly India mail.
The Atlantic brings $4,000 in specie and
SeVenty-one passengers.
Commercial.
The Liverpool Cotton Market very dull and prices
had reeeded halt penny per 10 Bales for three days
reached only 4600 bales. Breadstus slightly lover with
dull market The decline is per barrel on
-four Sd. per bushel on wheat Cd. on corn Pro.
visions were also duh and quotations were merely nomi
nal. Lard had suffered a consider able decline TaoW
quoted at bis. Sugar dull and prices nominal. Coffee
declined and one two shiiliDgs lower
The London money market was decidedly more strin
advised by tue Niagara dates and the Bank Of
England has advanced It's TO ten per cent Consols quot
ed Wednesday at So and s9t.
LIVERPOOL, Wednesdays P. Motion Market is
depressed and lower prices accepted. Sales today
estimated at 1000 bales Breadstutfs very dull
Fire in Rochester.
ROCHESTER,, Nov. 2l.--At four o'clock this
Voo n fra h. r.. n