Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1858-01-04

| Consols for account closed on the 18th at
| 80 Is to 90 Ia
The London Money Market was easier, and
| bullion at the bank had also largely in.
| creased.
The Liverpool Cotton Market continued
| dull, but, at the close, there was an improved
demand, though at a considerable decline
from prices current at the sailing Of the
| Persia.
Breadstuffs were very quiet, but without
| material change in prices. Provisions dull.
The Niagara brings $1,000 for Boston, and
| ego. 600 for Halifax.
| The general news by this arrival embraces
| little OF Importance
| There is no later intelligence from India,
| Some additional failures aie reported
among them is Cheesebrough & Sons, one of
| the largest wooden firms in Yorkshire
| Financial affairs at Hamburg were i'm
| proving.
| The Bank of France reduced its rate of dis
count to the basis of six per cent.
The commercial crisis in the North of Eu-
rope continued with great severity.
Messrs. Powell s. Son, and Manchester
warehouse men have failed. Their liabilities
are heavy.
The French government has imposed a
duty on foreign brandies.
Further attempts to launch the steamer
Leviathan have proved abortive.
The enterprise to raise the sunken ships at
Sebastopol has been abandoned.
The Niagara left Liverpool at 10, 80 A. M,
on Saturday, 10th.
LONDON, Saturday.-(By telegraph. 1.-The
Times City Article reports increased steadi-
ness in the Funds, with further advance of
Ia per cent. The Bank returns are expect.
ed to be very favorable, and shows further
increase of FL ,3Sl,366 in bullion. Both bull
lion and reserve, even supposing e., 1000, 900
of over-lssue to be deducted from the latter,
are now higher than in April last, when the
rate Of discount as only l-2 per cent.
The Times gives list of the principal sus-
pensions announced in London since the be-
ginning of October. The number is So, and
the liabilities are estimated at fI5, OOO, 900 or
Gl6,00O,000. The liabilities of houses sus-
pended in the provinces are computed at
very moderate calculation. This includes
debts OF five banks, amounting to f23,0OO,-
000 The total is ESQ ,000 000
In the money market on the 10th, there
was farther decided tendency to relaxation
among the discount houses, and selected bills
were readily negotiated ct from ga to per
cent. The demand at the bank was very light.
The funds were buoyanI, owing to the con-
tinued influx of gold to the bank, and the
consequent expectation of a speedy reduction
in the rate of discount
The failure was announced of Edward
Smith, wool stapler. London, with large la
bilities Saalfeldt brothers, wooden manufac-
turers at Leeds, with liabilities of G2OO, 900.
Mr.. Jewdall of Leeds. very extensive op-
orator in woods, vas reported in temporary
difficulties, but had not actually suspended
At Hamburg the rate of discount had re-
coded to 9 per cent.
On the 18th there was increased confidence.
with rise in the funds, under the influence
OF the Atlautic's news, and specie money was
In good supply, and applications at the bank
were light.
The suspension was announced of VIM.
Cheeseborough & Son, of Bradford, one of the
largest wooden firms in Yorkshire liabilities
not Astated The hartford and Gravesend
Bank Rhas also stopped liabilities not more
than 100000.
The burgesses OF Hamburg have authorized
new loan. thereby making the amount of
loans contracted about forty millions francs
The rate Of discount there had further reced-
ed to and per cent, The important firm
OF Schultze & Schermnan, largely engaged in
the metal trade in Hamburg, had suspended.
James Holmes, carpet manufacturer Kid
derminster, has suspended for e25 900.
The official statement of the affairs of the
Western Bank Of Scotland, show liabilities of
over GS 900, 900, and a deficiency in the assets
of over E3O0,O 900.
On Friday, Dec. Is, the stock market furth-
er advanced, and closed buoyantly.
Photographic advices from Hamburg report
further considerable improvement.
w. j. Powell & Son, of London, in the
| Manchester trade, have suspended; liabilities
heavy.
The eUiathan.-Operations were resumed
| upon the Leviathan on the 10th, but with the
most tremendous pressure the vessel was only
moved about three feet. when the work was
suspended sine die. No less than three hy..
draulic rams, one powerful Arab or windass,
and the double chains which drag the vessel
| towards the river, were all burst or broken,
The Times thinks one-haf of the hydraulic
| presses in the kingdom, will be required to
| overcome the difficulties.
Admiral Sir F. Beaufort is dead.
special general court of the East India
| Company has confirmed the grant of PEN
sion of el,OOO year to Gen. Wilson, and
| f50o year each to Lady Neil and Mrs.
Nicholson.
Gen. Havelock is gazetted to the colonelcy
of the Third Regiment.
Another public meeting in favor of reform
for India, had been held in London.
FRANCE.--An Imperial decree announces
that foreign brandies are to be subjected on
importation into France, to a duty of twenty
francs per hectolitre-of pure alcohol
1t is rumored in Paris that the decree Of
exile which exists against Generals Bedeau
and Changamier. is to be repealed.
| The Bank of France has reduced its rafe nj
discount to six per cent for all descriptions Of
bills. Additional confidence had been in
spired by this and the funds closed ON the
10th at 81 francs and zoe.
1t is stated that instructions have been sent
to the French minister in China, to co. operate
effectively with Lord Elgin and the English
naval and military commanders.
BELGIUM.-The Belgium legislature com
menced its session, without any Formally, on
the 10th. 1t was officially announced TO the
representatives that the Duchess Brabant was
in an interesting condition.
HoLLAND.-ln the Second Chamber res.
olution in favor Of the abolition of the usury
law was adopted, after an important de.
bate.
SARDrNIA,-The legislative session wa,
opened at Turin on the l4th. The King, in
his speech, hoped for a cordial co operation
in the development of liberal principles, which
were the immovable basis Of the national pol.
icy.
RUssIA.A dispatch from st. PETERSBURG
announces an important victory over the
Tcherkesees. A great number were killed
and number of villages were burned.
NORWAY The commercial crisis in Nor.
way continued very severe. Two delegates
4 NWa-.