New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-21

"a m 81 Cans ..s9SIIk In ~ Y. Cen sksrea os u
Mesrs Hern ~ D, Cox g. c., say:
From Manchester the accounts are very caa; spn,
mere are unable 70 effect sales of aoy moment even a.
very low prices and for the little they 90 sen ceu1o.
We, paid; un1er these circumstances IL Il no wonuer
Nst short tune IL extending rspdy. "A, :.
Money continues N mos. scsso sn the b.st napsT
With sneb pYeesure on the mercantile ana manntac-
turing con-unity the suspension OF the Bank Cher-
Ger oct bsgrs to DO spoken Of 81 the only means 'Of
yelief."
In London the suspension has occurred OF MessrD.
John HAY e. Co.. merchants, in the New York sne
Canada trade, and hessrs j. Jsfrsy Il Co. OF Greet
a. Heleas ship and insurance brokers. The nonre-
csipt of rcmitancss from America has IN each case
been the cause of difficulty. The liabilities OF hessrs'
Haly sre sisted at 100000, and favorable h9riaA-
ton lie srtcip Ated.
The Loadsn SAippiag and Mercantile Gazette OF
3he everipg Of the 9th remarks:
"The nee in the rate Of discount yesterday IN
ases the pressure for the moment while the posi-
biity OF It's going 10 10 y cent casts gloom ever
sadsg circles, which s heightened by the state ca 'he
produce markets, where prices are still gong IOWA.
asd the difficulty Of tfecting sales becomes seea'er
Tie Sint-s stock banks and discount houses, after
lopg discussion the point, have felt comrsied 70
raise the rate Of Interest for deposits OF money psced
90 esil, but the resolution not come TO without
geseyal disipcinaon 10 adopt unnecessary coufs
they have raised the rate 10 y cent and to .! y
fheir sllowanc of interest from 81 to y v cent
A Vienna letter, under date of 81 Now, ssys:
"The state Of the Money market is still extremsy
unsatisfactory, and many houses OF resPectaoy are
been taken by the Credit Bank. That establishment
which has advanced million to the creditors Of Bes-
kowi.z & Co., and is about to lend million to the
Theirs Rslrosd Company, Is in want OF ready
money, and has demanded payment froui those per;
sons who have obtained advances on Government and
private stock. The stockholders inveigh bitterly
al opinion that the first duty of tbst establishment is
care for the interests Of the shareholders"
The Sheffield correspondent Of The MenchesteT
Guardian thus notices the suspension OF Messrs'
Nsylor, vickers & Co:
GMessrs Nsylo-, Vickers & Co. have long been
known AS one of the weslthest and most successful
firms in She field To their old trade OF steel con vert
rs Gle manufacturer rollers Of siee C., tney hsve
recently added the dealing IN British iron, and the m
portation Of foreign iron on large SCALE The great
er. Of their business in ths comfy ssa ssPesi s
producers for the best marks and they have car
The o. aa hsS,is. all thai place. Of business:
s: beside the P1Sa 6 x. p Of :
bills 100000 metals nsariy COO the premises mise,
stoektsiDs $4,000. though they really worth from
In this estimate r the 5Sn d Ia. Sssn
sion IT, stated in the circular the entire arrangement OF mer
ScS S oomeca bills and II stock but the affair.
sucb the bills paid the first houses in NewYok
spa Boston requiring o renewal OF their paper. =,
oe The crisis Mesr Naylor Vcker Co. have sold
In aTs sss Un III sssh n sss 81 resolving
monthly from America they have been under the necessity oil
se%sI @h.s H.yor veseis Co be. suffered
:. :. entire Their Of nc
e. Known by The last mail 5000 and bsns S SOn
bs the house still sufficient to pay every
.Is: they i there oh Id Su ia %Sn ."
two Mes Nay0r vieker Co. would have found means TO
They were without funds in hand they could have bad
s.sa1es In epSo to o oven
end Quincy Co. were prepared to sceep heF e' Io,s
c@ ~s dS1sinsd by then
Esyo Nske,' Co. but eress e b %et would c o
.esy case secue. nht have been given 4 there
void have carried them over Blu, :. II. intensity
and p,s su IN s sSo I s hand
Oveih asset. cthe creditors in the most syaase torn
Wales IN sbefed with exception Of the Union BANKING
who are amply and ndy e ae III. @ Balance Of
which $500 in favor OF Mesn. Nsyor Nickers Co., who
ss.y have Ieoiyed 1t i. obvious stop
s wS s saS b. S. s .scSs c s
bane's being carried on The firm are ,hsIsi.Is containing
has been found e1pednt to pg, the wOlSmen upon short tune
but none have been S d.. 1nSa. r,m,.
The Bank of England have TO day raised their
cbnge for discount from y cent which was adopted
on the 10Th ult, to the unprecedented rate OF
cent
TIE public were fully prepared for the meaccre, and
In quarters i; had been anticipated even that the
movement would have been TO 4 cent for bills not
having more than % days TO run, and 10 & cent for
longer descriptions. That the latter restriction would
Dot have proved too strong seems already 10 have
been indicated by the fact that the demand has
rho WI little, II any, diminution. As the pub
bic have now an amount OF notes In their
hands equal 70 any recent average, and
business has been for time undergoing rapid naoiion
hs eoLaued must be main caused by alarm nd do
aonssea.i a.siie o. tSSIS t1 pe owe. PIN 80
f s SSa soaSny 70 % Of sf: a .
nom ~hat ty have slrosy witnessed OF the Of the
accommodation, wiE pertinsciousy rush to obtain
double share Lny ncepysni.oe they may sustain will he of
their creating. The Bank can undertake to provide
for ws,.s, but no. foT fears There is no. the
sishte' provocative TO -F"nis, and whether such
can sks 2lsoo g.. StiOn rational people would
barely have snsaped few we ts back The old oPponen
the sioim and !. h impossible certain point Onc
Of their moaes o. creating sl !. BY Pointing T. the low
hTs.si he Bank would be obHssd "a dsoOan:lns alto
Se;her But the fss l. that the Bank ond ecnm
since their bills receivable each OF o'e on the average
brings IN large to they oldn uy asked to let opt
Thy could not ncTeese the ale bot o0e viii suppose that
With contraction OF business in ell 4uat.e any in;iee can
b. required There e. consequently nt tue sosaow OF
Who have shown disposition to ass' I'm tys iie sp
hss'ions have atyeTssles' suggested Aces % S
relaxation IN the ~ IN lGthAt. nv no;hca-
needless applications the public shout ne Aowed 20
extsu of discount they Sb require hou iSsste
public have In the present cs been wi. out an as
sor.Dce equally ssOas Ills admitted that 4, does no. MISTER
ty,n ira, money can Be had la,c. wlen hs, iii:
ssr'@lsy been called In question The very o zee. .,
position to enahe them 70 comply with every leg uuste
spPesnon and there b. doubt Of this being eAocs u
b"Seve be asled "why avert chance OF such b 9y
u utsffp~ lion aus still