The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-12-17

Of the steamship America, at that port, with
Liverpool dates the 2lst Of November.
The America brings about E2j 900 in
specie.
The news by the arrival, financially and
commercially, is highly important and inter.
esting.
The money pressure continued without
sign OF diminutlon, although somewhat bet
ter feeling had sprung up.
George Peabody Il Co., one Of the most
eminent American houses in London, became
temporarily embarrassed, but received such
prompt aid from the bank, which is under.
stood to be to the amount OF nearly IL ,OOO,-
900, that all difficulties were removed Their
ability to go on, with the assistance extended
them, was unqucstioned.
Several heavy failures had occurred in
England since the departure Of the Fulton,
besides few Of minor importance. In the
continental market, affairs were improving.
The political news is Of little importance.
CoMNgRctu.--liverpool provision mar
ket was dull and prices show downward
tendency; the recently reported advances in
sugar uut U'Nu losts uuI Bil''5 tlD~tu 6t
about rates current at the departure OF the
Africa. The advices from Manchester and
the manufacturing districts generally were
gloomy.
On Wednesday the applications at the
Bank Of England for discount increased
The list Of failures was seriously extended.
The new suspensions were +. Shedding x
Son, in the Swedish trade, with liabilities Of
half million sterling Allen Smith 4 Co,
liabilities of 100000 Garrison Il1Eel a
Co, general merchants in consequence Of
American difficulties, with liabilities of about
100000 pounds Suendson Il Johnson.
merchants, liabilities 10000 pounds, aud
Brockelsly a Vessels, corn importers,jo,O 900
pounds.
The large gold arrivals were regarded AZ
likely to render any further advance in the
bank rates unnecessary. The funds contin-
ued frmer throughout the day. On Thurs
day there wa, decided improvement in all
mercantile quarters--no failures were re-
ported.
The Time, says it is understood that the
application which had been made within
the last few days by leading American
House to the Bank of England, for large
advance on securities furnished from the
private resources Of the firm has been salts
iactorily met and that all the accommoda
tons required will be fully granted. Ac-
cording to rumor the requirements of the
firm were nearly million sterling, and, ac
cording to the Daily Neirs, the assistance
received from the bank, aft long delibe-
ration by the directors, will it is expected
enable the firm TO promptly comply with
the conditions under which the advances
were made.
The pressure for money at the Bank was
undmlnished indeed, according to some au
thoritics it was more intense than ever --
but the meeting of the directors broke up
wi,hou, any advance Of the rates Of dis
count.
Loans on Government securities were in
demand at 10 per cent.
Private letters from Paris describe bet
ter feeling
The American houses are beginning to
get remltianccs, md thu condition Of the
Bank Of France was improved.
The stoppagc of the Wolverhamp,on
Bank had caused many failures in the iron
districts. representing in the aggregate "a
large sgm.
The London Commercials daily list Of
Friday evening notes better feeling in the
monetary department, and says that good
bills cease Ia be rejected.
Scott a Co, OF Queenstown. have sus
pended liabilities from El0O,O00 TO goo.
600.
The Time, city article Of Friday evening
notes q ,tcadines in the funds which closed
at al advance OF i per cent No further
serious failures are reported, the only sus
pension mentioned being that of a firm Of
whose ultimate solvency there is no doubt.
Foreign exchanges are improved, The
suspension of j. X. Thompson 4 Co, large
Is engaged in the colonial trade, especially
with the Cape of Good Hope, was an
nouncod Their liabilities are FROM goo 10
G300 O0O
The rate Of discount at Hamburg has
again risen 10 81, per cent.
At Vienna there had been u partial re-
coyery in the funds, and the premium on
gold declined per cent
fectua announcement Of u considerable re.
duction in the Austrian army.
The London DAILY Acu, city article says
the negotiation OF bills on the continent was
attended with difficulty.
The AeIrs also says the temporary EN-
harrassment of the great American house
was caused solely by the impoSslbillty OF
procuring remit,anccs from America
The Nrtr, thinks there is reason 10 hope
Tor more cheerful condition OF affairs.
The Bank had iuir.rged the bank charter
act Ia the extent E20UO,00O Over a nil.
lion and hall ii II, however. still remain
in the bank.
The attemp, 10 launch the Great Eastern
was made on the 10th aud IL was found i'm
possible 10 move her.
some riotoas proceedings had taken place
am,ug the unemployed operatives AZ Not
iugham. The windows OF some OF the pro
VISION shops were broken, Meetings were
II 81 -,