New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-17
ENGLAND.
FINANCIAL AFFAIRS.

FINANCIAL AFFAIRS.
On Saturday, the 3lst utimo', the absorption o.
Copsols BY tire pubic steadily contnued and the
olosirg price for the day was 9Ol. very active de-
mann for money was exhibited, sDd 6 per cent was
freely offered for loans On stocks WITHOUT su,sss
Gold was withdrawn from the Bank in considerable
sums. The Times city article remsrks
"Coi foence at Liverpool and Manchester and in
the manufacturing Districts generally, Is still upheld IL
manner TO excite surprise. -
"1he apprehension Of further banking difficulties
has greatly subded and the stOppage OF the Borough
Bark Liverpool, has been folio we'd by much less ex-
element tbEn might have been feared, looking az the
large amount of its deposits aud general liabilities:
F1Gm the system of management which 1t is alleged
will be developed whenever full inquiry Is made by
the shareholders, it will probably be found that the
fact Of the extinction of this institution If 1t had hap
ptbed at a time fee from tendency 10 alarm, could
rot have been regarded as a public misfortune.
The range of Consols during the month of October
was as much as per cent. Monday being the dsyfor
tire half yearly balance at the Bank of England, was
beyt as holiday st the Stock Exchange. Consois,
however, were pompay quoted a. s9i 40, the hesv-
mess bti,g attributed 10 the unsatisfactory nature OF
tie news hom America by the Niagara. In the Dis
count mari ct the demand was rather less pressiog,
aud in some cases choice bills were negotiated at
fraction below the Bank miDimu1n rate
The Times CRY article ssys:
Some ptanees were returned this afternoon OF
Messrs X. Wilson Hallet q Co., of Liverpool, the
correspondents Of Messrs. Robb, Halett s. Co , Of
Nev-YCk. The engagements Of the fiim are believed
TO be large but it is hoped such difficulties as have
arisen may be but temporary"
The shpmen, of specie lsilver to the East by the
steamer Of the ith vas sscertained to be f956,Si6
The failure Of Winterboff, Pipsr & Co. Of Hamburg
is Announced. with liabilities estimated at 100000
maIks banco.
On Tuesday, the Sd, the market for Consols
were heavy, and the closing quotation was s9s
1881 for money and account. The discount market
was unchanged but money rather easier to De Cd
tar cd at the Sock Exchange althou at the bsnK
there Yves no diminuton in the pressure.
Over f2OO, 600 in gold had been drawn from the
Bark since Saturday, ard an apprehension prevailed
that further rise in the rate Of discount I, = cent
would be the consequence.
Owing to the bolidsy ON the Stock Exchange, and
the ron arrival u Liverpool of the London papers o.
Wednesday, we have no quotstons for American Sc
curies later than Saturday October 81 On that day
the market wss active, and Illinois Central shares ad
vsnced to 7aJ disceunt, and New-York Central 10
72a70 Michigan Central of 1869 sold at 7Si; Ene
Bonds Of 1862 at 49, and Pennsylvania Central second
Mortgage at Sc.
ATTEMPTED LAUNCH OF THE GREAT
EASTERN.
The London Tsne Not. l.
Yesterday morning the first attempt was made 70
lower this colossal steamship at Mws into the nver
There was rather strong master OF engineers ana
scertfc gentlemen, rot only from all parts OF En-,
gland but even from France, Germany, America and
Rutsa-bu. Of mere fashionable men, or members OF
tie aristocracy, the number was extremely limited;
The Count de Paris, with the Duke DAumde aud
several French gentlemen, were early on the ground,
and watched every NOV 10 the days proceedings
with the deepest interest. The Siamese ambassadors
with numerous retinue, were also present. ard Tor q
time drew off attention even from the moun Infamous
vessel whrh seemed to shut IN the whole yard The
principal parsonage among these rather remarkable
foreigners alfred in gorgeous robe OF cloh OF
gold but the dress of most Of the attact to the em
barry extremely simple being for the most part
composed cf common printed cotton'. All oil ,ne IN
smoked and chartered necessarily, and appeared iaI
from being Indifferent to the observation tney excited
amocg the spectators.
DUNG the whole Of Monday night, the workmen
were retained ID the yard removing the struts ano
shores which supported her on the side foxsd the
beam had been entirely taken away. Then, for the
frst time, the whole length of the vessel, from stem
to stern, was visible without the slightest break Iae
cr%cefu sweep Of her lines the clear sharp OF the
bows and sweep Of the stern could be appreciated 81
glance. Toe last supports were not removed until
every precauon had been taken to ascertain that she
was securely stayed by her cheek ia ,kls, and that
there was no fear of her suddenly gliding down the
ways" and launching herself .
On the river side foaT large lighters were moored in
the tdewsy and worked WITH crabs ana shssvss upon
.hps Each Of these four lighters was capable OF ap-
plyipg strain OF sixty tuDs, all OF which was 70 De
used 10 draw the vessel down the launching ways IN
case of any eoxtretemps which might prevent her run
ming Two lighters were also moored a. the stem ana
two at the stern OF the vessel. The chains PASSING
rom the ship 10 these latter were returned sSs on
shore, 30 as to be worked with double pure aase.
Small stationary engines land were ussd 70 hsu. 10
these, and made the whole force available to pun me
vessel of the shore upward Of 600 tuns.
These were the means taken to draw her down 10
he yHnt feat afip At
OF course concentrated IN the check tackle which vas
to pull her back and prevent her dashing into the river
at the fearful momentum Of IL 600 tuns weight sitting
down al incline OF In IL For this purpose two most
powerful drums had been constructed H. which the
cradles were attached by shsass or puleys
Of cat on expressly cast for this purpose and weigh
ing five tuna each. One she ate fastened 70 icn
cradle and iron chaiu cab Of the largest szs
eonoeeted these with two other sheaes, each of which
was secsies to the drum, which paid out the chain
aDo IN TACT, regulated the whole operation These
drums and the framework on which they rest having
to bear The strain OF the whole in melton extra
oidmGy precautions were tai en- 10 render them ~
massive as they could be male by any known CON-
biz alton OF woos ana ifoa The ape thst OF an
ordinary reel the axle Of which TO- med by bsams
ftmbtI AID strips Of wrought iron upd togethsr 90
Ne 70 form q orum about twenty feet long and nine
fee IN diane ter. At each end of the cylioder
are The wheels If the drum or ditcs sixteen foot
10 dian e.er, each of solid lion sal yei,hiny us.
vsId OF twenty tuns so thSt tbs weight Of earh
drum is more than silty tuos 10 all. Ths axle of tle
de h tt IL frame Of ToD. while arouad It, outer "a
passes boJd ii grou, hs i'm 70 woIk in the ruaaa n
Of friction clutch or brake. T1is, WITH toe ad OF
strong hor Levers 10 feet ~ bsiUgs su n Pressure
To besr upon the Ciscs Of the drum TO loser Il.
rate Of revou iors or estyely step thsm 10 casa OF
the chain bttg paid cat too fast. Iasss dun. we're