New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1857-12-15
FINANCIAL AFFAIRS.

On Wednesday, the 18th, another large provincial
joint stock bsDk stopped payment viz, the N,rthuu.
berand and Durham District Bank. The psid.up csp-
ita Of the Bank and the reserve fund exceeds f700
co., and the liabilities are estimated at shout three
millions sterling. The assets were though. TO b Up
favorable The head Office Of Tie institution - 81 New
castle On Tyne, and grot excitement extted there, as
the Bank was connected with colli.res iron. works
.od ship.buiding concerns, many of which il wa
feared would be compelled TO stop. The branch Bank
Of England, however, had undertaken to assi-t
Of the large GOLFERS so that the woIkmen would remain
employed. The other banks in the vicinity re-
earded as quite safs and there had beer actual
upon them.
In London the suspension wss announced Of Messrs.
Render & Bohemian, in the German trade, With iA-
bilties estimated at GlOO 900 sterling 1t was stated
that j. X. Thomson & Co. had obtained assistance
from the Bank OF Ell gland, and would forth sith
sumo payment.
At the Bank of England and in the Discount market
there was further subsidenoe of pressure ard loans
on the Stock EIcbsr re were obtanabe at from to
per cent.
TWAS understood that the issues Of the Bank OF
England had returned to point within the Limits su
thorized by their charter.
At a meeting Of the creditors Of Naylor, Vickers Il
Co.. It was resolved to accept payment in full in four
nsallments and 10 leave the firm 10 the free manage
ment of their affairs.
On Thursday the Goth there was more buoysncy
on the Stock Exchange than for several weeks pre-
cedipg ard Consos advanced to 9Oa 09Os for money
At the Bank Of England there WAS full but not an
increased demand, and in the discount msrhe. more
ease was evnced. On the Stock Exchange there was
no Inquiry for money and loans were freely offered On
Government Securities At per cent.
Ate meeting of the creditors of Messrs. Dennstoun
proposition made and accepted tost the credi-
tors of the bouses in Britain and the United States
should be paid in elk instaments extending over q
period terminating on the 30th of Jane 1860, with
| per cent interest on each ins's lment-
| No further failures in London we're announced.
From Hamburg, the following additional failures
were reported: b Roossn, jr, Muller & Ksser,
Muller, Geb. Ruben, and E. Thiel & Co. Confidence
In that city had greatly revived, under the 'fuence
| Of the new Guarantee Fund. Uneerg 4 KRAMER had
| resumed payments.
Or Friday, the 9th, there Was still less denud for
morey, although the spphoetons al the Bank Goa.
| tinued heavy.
The Stock msrke. wss firm, and Consos closed at
! Of 09l, for money and GIG o9l for account.
The weekly returns of the Bank or England exhib
tied an Increase in bullion OF f77956 and return Of
| over half million OF Government Securities. The
| Influx of gold at the Bank steadily continued.
The city article Of The London TINES states that
Government will not bring forward any financial meas
ures till February.
| No new failures were reported in Loadon. J. r.
Hubbard Of Leeds wool merchant, suspended, with
liabilities E6o0OOi add Hamburg letters report tse
| stoppsge of Levin Hertz Shole, very old and re-
| spectacle house.
At extraordinary meeting Of the Civic Coueel Of
Hamburg it was sgreed unannously to accept the
proposition Of the Senate 70 create EIchequer bills 70
the amount offtsen milliops marks banoo to be lent
on the security Of impsrshsbe Merchandise, State
bonds OF railway shares.