New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-11-27

dfnspo .. ~ and 10. Bank Stock lett on ~ oS
Issssec . RsSuosd, IS to /; New three per R'nss
Sl inds Stock lo ch'sso H experienced CON
to iOs dncoue. nsrtly from en- anticipation tns'
sidtrsbe iecOs.,he proposed on the assembling OF
large iupo's ,hs beginning Of next month Inc sr..
.ss North Saar 9th New, ork oa'es hns not
Of October Va. i'ss,S SsDe.s The saemens
before 'n market gradually recovering, tns'
thai ns slure. bad been reported aud thN
10 nesS q large banking hfm cooh s W."
lsnwM.S we're 70 resume on the LET Oh No'en''''
ne s.s AFTER the departure OF the packet. Cor
he Bank of Eogand to dy the appncsuou,, M
.,t,ar,t although far beyond the average sm,uu'
.s.s Of The busiest times were altogether Iiou Tn
=, compared with those OF the two preesans sba At
-. orsen market the best bills were negous 20,
al nry cent In tire morning, and at a !stei ,ha
Esnsscticps might possibly have been eHS0''1 o.
Ths drain Of gold to Scotland hiss ceased gu. ,n
believed about 100 900 sovereigns were 0i'P''''
cay SN n.i ouotstions Of the French Three per C'9ss
Il ~ ~ % Rou,s,tbis evening were oot. ooc. ioi
,'ors. snS 6S. SN for the eod OF the month, snyW
ing soohsr decline OF an elen'a ;r 0a 'se
,bsnge the pressure continresto increase. e.
tn ,.i nsiou bas occurred OF the Respectable nrn
M II Petropi & Co. Taeir business was con-
-. 81 chiefly With Italy and Russis, and their MS
bFifiss estimated o. aoou. t'oovo .o,
80 Of letters of crsds granted to houses OF nigu
s..n6ipp who viii doubtless at once withdraw them
The suspension was likewise announced OF mess.s.
povmsn Grinnell g. Co. Of Liverpool, s,geo 10 ine
New York trsde. 1t is stated tbs. WIZ 20 , oniy
m 81 a considerable sum in the Borough Bsnk wnere
lev kept their account, the imp9snollity OF senine
sry description OF produce. end nissppontmeno ID
money remittances from fhs Oneeo ousDs; Aue
holly uoop bills of excbsDgs drawn In New York
M Grnne ore of the partners lately sailed for ths
cty 10 hasfsn boms funds, and an assurance is ex
pressed thst shen The are returned there
Messrs r. Bainbridge e. Co., in the American
sSs hsvs a'so stopped, but their liabilities this
M are thought not to exceed $4,000 or { 900
Sutjoined is their circular:
@,: 10 our painful duty to Inform you that in ccnse
,,so q the suspension Of Mesns Dennistoun Co. whose
I'm ne have taken 10 large amount aud Of the inability OF our
s,. IN New make rettauce 8. the presen. time,
vs re under the necessity Of suspending busine'
y.ea the hands Of Mr. JAY the accosnt.n who win i'm
ntsisiy commence bis inve.ts.on He will be prepared
Of the creditors VIII be thken up
q sdopted for the realization Of assets in the United
ma the re- S %c.' BAiNsRIDGE Co..
The supervision Of Munro, Grant g. Co., timber mer-
chsnis, at Swausea, and Of Steegmsn & Co.. manu-.
cturers at Nottingham, mentioned in letters from
tose places.
Iumor was strongly circulated to-day from Glas-
row that an attempt is 10 progress TO resusctate the
De Western Bank Of Scotland, thst million has been
subscribed for the purpose, and that 1t win probably
reopen on Monday. Many persons doubt the state
eL from the fact that million seems an inadequate
ium for the demands that would have to be encoun.
tsrtd. similar arrangement is also alleged to be
contemplated with regard 70 the City Of Glasgow
Bank.
!, The following from Messrs. Fitch L. Skeet, whose
utOppsge wss mentioned yesterday, explains ambi
guilty in the wording Of their circular:
"No. % Roop LANE Nov Is
In bag
y Nsss ssnder.cn, ssndemsn Co discounted our bills
sr small moiety did net make further sppics.
tom urul the day Of their suspension: o
WV Yours OSsdlsntiy, FITCH sKEEr"
The quotation of the rate of exchange from Bombay
By the present mail is apparently less favorable to the
sIteBt Of about half per cent.
The figures presented IN the monthly return OF the
Bank Of France to-day seem to have created heavi-
90 the Bourss, but are not very much worse than
hsd been anticipated. The bullion, which IN tue pre-
vous sccouDt showed decrease of tS96 OOO, has ex
pxienced farther reduction Of 81, 44O OOo and the
im now held is f7 $50 600. This, howsver, E3lO.-
900 In excess OF the total at the Bank OF England &C
sordng TO the returns published TINS evening" a1 9e
,ame time there has been decrease OF t96S OUO ID
he note liabilities The Discounts present decline OF
ES07 600 but In the deposits there s apparently an
heease of nearly 60 500, 900. The Government ISL
ncs has fallen off f6o2 600. In the advance on
Rstss there has been no alteration, but those On rail
vty shares have been augmented tl67 OOO. Toe
pmuros paie for purchases on gold which Las, month
amounted to El0l2o. have been on this occasion
fl50O0.
The return from the Bank Of Englsnd for the week
ending November H. gives the following results VIXEN
compared with the previous week:
Pubic Deposits IS 81 $50 .Inctesss.''''' s 4;a1
1sH............ 3S6LS5s.. .ncrease.... 5S77'
On the other Gde of the account
0ovsrt Securities Rs4lse... Decressa.... s615 2,e
S Sa ii s
The amount of notes in circulation is eco 1873 355
being decrease of E83 $780, AMI the stock of bullion
IN both departments is e. 40 $685. showing decrease
Of fl 1927 PIP when compared with the preceding
feturn.
The extreme pressure which has prevailed in the
money market Ia indicated by the unprecedented
increase Of E3 4S5 202 in the private securities, while
the extent TO which the amounts thus drawn out have
found their way back to the bank is shown by the
Increase Of f442 us and GA in the public and
private deposits respectively. Sales of stock appear
10 have been made to the extent of f675276 and the
r,erve Of notes has been reduced by fl 1877 6O5.
The present reserve less thss the 10 vest
point to which II fell n the psnic of 1877 and the
rock Of bullion is now fl li2 lo3 less tnsn at that
period.
From The Daily Eecs City Ay:iels).
FRIDAY EvEKIsG Nov. IL.
The Government letter. authorizing suspension OF
The provisions Of the Bank Cnsrter Act has led TO
decidedly improved tone in every department OF bust
nefs The community have been startled at finding
"" horfOWiy tney nave escapeu Rgdntlc p7uiS onu
It may be days yet before aft sire will snbside into
really settled state. Thus far, however, the effect
has been most satisfactory; indeed, considering the
alarm and gloom which prevailed everywhere yester-
day an almost magical change may be said to hsye
taken place. OF course one expects that the fac
hes inst accorded by Government will either prscipi
tate decline n the value Of money, or prevent the
fsl Of embarrassed houses; but every one Is per-
fecy satisfied at finding that the ncipient panic Ia.
been stayed. The letters received today from the
eourtry indicate an extent of monetary DISTURBANCES
and commercial excitement almost If not altogether
unparalleled and il is fearful to contemplate the rain
which would have resulted from the postponement OF
We expected relief for even one or two days To-day
rorey circulated much more freely 10 the discount
farket, and 10 consequence there was Witnessed the
EN- mutton in the dsmsnd at the Bank of Englsnd.