M'arthur Democrat. (McArthur, Vinton County, Ohio) 1853-1865, 1857-12-03

that the relief afforded by the suspen-
sion Of the Bank Charter Act was i'm
mediate in its effects.
The applications for discounts were
much less, and foreign exchanges held
steady. The drain Of gold from Scot.
land had ceased. .tf ..
The decrease of bullion in the Bank
of England for the week ending the
I11th inst, amounted to upward OF
81, 300, 900, while private securities
were increased nearly G3,0O0,000.
ARRIVAL or THE AFRICA.
New YORK, Nov. 27.
The steamship a frica, with dates
from Liverpool, the same as brought
by the Vanderbilt, arrived here last
night. She brings nearly $3.50, ,OOO
in specie.
The official announcement, allowing
the expectation of grain and -four from
France, was followed in Paris by an
advance OF 12 per cent. on -four.
The Paris Bourse did no! respond
to the buoy ancy ofthe English money
market.
Fuller details Of the news from In
dia show that the relief Of Lucknow
was only partially accomplished.
Havelock's position was considered
critical.
The Emperor Of France has written
a letter to his Minister of Finance,
discussing the financial question. He
is panied to see the public credit In
jured by chimerical tears, and by a
propagation OF remeules for an evil
which exists only in imagination, aud
begs the Minister will deny perempto-
rily all absurd projects attributed to
the government; affirming that there
is no country in Europe where the
public credit rests upon more enten.
sive or solid basis.
The letter had but little effect.
The last monthly returns of the
Bank of France show a loss Of 20, 900,
600 in specie.
The Austrian Minister of Finance
proposes to meet the financial Difficult
ty by the issue OF treasury bills to the
amount of 100, 100000 horins.
The decree abolishing serfdom in
Russia is 10 DO published December
II.
The Vienna money market is very
heavy. The premium on gold has
increased.
The steamer Emeu had arrived at
Suez, with Melbourne dates to Sep.
tember II, and G640, 900 in gold.
The gold advices are very encoura.
ging, ~
The steamers Lady Bird and
Champion had come in collision of
Cape Otway.
The latter ioundered, and forty
lives were lost. \
Damaging foods had occurred IN
New South Wales.
ARRIVAL OF THE FULTON.
ST. JOINS, N. F., Nov. %.
The United States Mail steamship
Fulton, from Havre and Southamp'
ton, passed Cape Race to-day, and her
news packet has been brought to this
station by the Associated Press yatch.
The advices by the Fulton, date to
November 1S, and are four days later
than those furnished by the Vander-
biLt.
Notwithstanding the recovery, sew
eraI additional heavy failures are re-
ported to have occurred.
Consols had decided upward ten
dency, having advanced Is.
The Bank OF France was discount
ing literally.
A general panic prevailed in the
English breadstufs market, and pri-
ces had a declining tendency.
No report of the Liverpool cotton
market is furnished.
SECOND DISPATCH.
The Fulton brings 100000 in spe
Gle, a vey large and valuable cargo OF
French merchandise and II passen-
gers.
The financial advances brought by
the Fulton, although not so exciting as
that by the Vanderbilt, are, neverthe-
less, Of absorbing interest.
The good effects Of the suspension
of the Bank Charter Act were still
showing themselves throughout Great
Britain, The money market was firm.
er than at the last adviees, and the
demand tor discounts at the Bank OF
England was less pressing. The clo-
sing quotations of consols on the eve
ming Of the 18th inst. were 86t@S9s
for money and 80 for account.
Several prominent houses had sus-
pended, but none in the American
trade. 3. sesoI 70 's1.6'
The rate of interest at Harnburghad
lreceded, the last quotations being g.
PSIc c,.I,, 81 which hs wi