The weekly pioneer and Democrat. [volume] (Saint Paul, Minn. Territory) 1855-1865, 1857-11-05

ruling
Missouri sizes, 50 New York sixes. IS
Illinois Central bonds. G3; Chicago and
Rock Island, JJi, la Crosse and Milwan-
kee, 30 Illinois Central. 1Gii New York
Central, 59as Erie, .; Reading, ~ Clcye.
land and Pittsburgh, 4.
The subscription 10 the Erie Railroad loan
reached abont 100000 The Directors
have voted that hereafter no floating debt
exceeding $3.50 900 shall be created, onless
by vote Of the stockholders. The receipts
Of the Erie Railroad thus far IN October are
only S22 900 behind those Of the period last
October,
Arrangements have been contaminated by
which the Illinois Central Railroad will b.
able Ia resume payment u it's coupons on
Monday next circular has been issued
10 ite stockholders, giving n statement Of its
financial condition on the goth Of October
The whole amount Of sterling bills returned
from LonIon by the las, steamer protested,
Is 10000. including GOO drawn hy tho
Bank Of Pennsylvania on GNo. PEABODY.
There were three suspensions In New
York, on the I'D, RoDgRr IIAlLEr n Co,
Bntkcrs, AMI EDwABp VARIES, and EVANS
A Co., Dry Goods Dealers, There was one
suspension 10 ~ LOUIS, kESocK a PArrgR.
SON Bankers. Their assets are said TO be
ample
Il 4.- !s44i1w'ag, S'rr i,,'ssiahspois 'Sjs
hneiconccruina the failure OF WiSNow,
ikNtgu X Co, IL of interest.
The failure Of Winalow, Iancr n Go, will
lock up large amount Of lndiaGa capital.
In addition 10 %lGj,OO0 due the Sinking
Fund. 10000 10 the Bank Of the STATE, we
hear that they are indebted to The old State
Bank some s3s5O00, over 100000 Of
which Il deposit Of The old Branch bank
OF this city The reports IA TO tho rspon
sibility Of the house differ, some parties
say that they have n large surplus--a mil
lion o( dollars while others regard them as
insolvent. rhcir liabilities are estimated nj
$4,000 900, and their nominal asscsis at
$1,000 900 Their solvcncy will depend
upon the value Of their assets much OF
which will prove Of doubtful character.
The Sinking Fund deposit is reported to he
amply secured but II thosc securities were
known the community would be better
satisfied. and they could then Judge them
selves of their probable value The deposit
by ne old State Bank. in which tho State
has an incrcst. was probably based upon
confidence, which we hope will not prove
bascllsa fabric.
Winslow. lanier Il Go. are probably in.
dcblcd 20 the State, for money deposited
with them by banks and broker about
three quarters OF IA million Of dollars. This
amount Of capital, now shn, up for u while
ii considerable portion is not lost -
would have been of great relief to the State
il il had been distributed among ,hc people,
instead Of being employed in New York rs
the rrsui, shows ut n great hazard
From the y, \, iHHO Of the I'D, we
take the following:
The news by the Europa tclcgruphed
from Halifax this morning has u depressing
Influence upon the tone OF the Money Mar,
net here il not upon the actual state Of
things n, Bank II looks as though the
trouble growing out Of the panic in the Uni.
ted States would toe OF an aggravated char
actrr When the iull accounts vi the disaster
are madc known In England and France
At the same time We do not see that the
mere revcrbcrution of onr own cmharrass
men, should further compIloaic II on this
side The Europa brought S3ld.oOo in
Gold. The Persia. due hcre On Wednesday
next, viii bring at least SS0o000 morc.---
These shipments will be followed by others
until the exchanges on this side, particularly
~, the Cotton ports are made right Tho
Gold must come TO buy Cotton. and the
Ii.
count Of manufactured foods sold N the
United states, the larger will be the sums
in English Gold required to pay Tor the raw
material from here, These remltiancrs with
out stimulating our early w premature re-
sumption Of sIscic payments 10y the Banks
will h. Of essential service in keeping down
the diff renee between gold AMI tho ordinary
currency To-day. gold Is quoted by the
brokers 1907 ,alOl buyers, and l0l sal02
sellers The domestic exchanges are rather
less favorable to sellers, except on the ex-
trcme points West. which have improved
Philadelphia il 95a96 Baltimore % a9i;
Richmond, 30, Ioeton 99a99i, Illinois. ~
a9t; Ohio, 9la9i,,. There is nothing said
in Foreign bills to-day The Bank state
men, published yesterday, showing the fur
thcr liquidation OF four millions IN leans
and discounts. was rather damper upon
mercantile spirits.
The number Of parties daily applying fr
all nr extension il IN the increase, and the
effect Of this Is at oncc seen On the foreign
exchanges. and felt by the bankers who have
opcn,d cr,lits for the famed or broken houses
abroad There is little more sale for pa
per. select names. At dear and irregular rates,
within day or two past. A prominent
Discount. Broker reports transactions all the
way from ~ to 30 pr cent. yer annum,
according to the caprice of the few buyers
that appearl nonc Of the bills chasing cc
low prime. Such state ~ things can
scarcely be called market for discounts,
bat We give the facts rs the nearest report.
AT nrrsrnl of the yninc OF money ontsine of