The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-01-04

| HALIFAX. Jan. 2, P. M-The Collins steamship
Atlantic from New York, on Saturday, Dec. 5, ar
rived ont at $50, P. NJ, of the 10th ult.
The Niagara reports Dec. 80, at As, p. NJ, Cape
Race bearing north, distant two miles, fired two
| rockets and one blue light. and threw overheard
| the dispatch tor the New York Associated Press.
| THE news yacht was probably not at her station
on the 3oth, her repairs having hardly been COM
Jan. LIST, at 3, P. NJ, passed steamship Canada
| hence for Liverpool.
THE VERY LATEST
| fBy Telegraph to Liverpool
| LONDON, Saturday morning.-The Times City
Article says the funds opened with great steadness
| this morning, and experienced before the close of
business further advance of one quarter per cent.
| The bank return WAS expected to be very favor
able and IL shows an increase of IL 53l 800 In the
| stock of bullion. Both the bullion and reserve,
even supposng two millions Of over issue to be de-
| Quoted from the latter, are now higher than In
April last, when the rate of discount WAS only 6H
| per cent.
abundant and in the discount market, the best pa
| per can be readily negotiated at from So TO per
| cent.
! At the Bank the demand continues limited, and
| the resources of the establishment augment
| ing with such rapidtty that reduction from the
maximum rate Of ten per cent. Seems hardly like
| ly to be delayed beyond Thursday next. Al Ham
burg the crisis appears likely to be partially sub
siding the rate OF discount for short paper having
fallen to six per cent. About f132,00O gold Of
| various sorts was taken TO tho Bank to-day, be-
| sides about 10000 in sovereigus from America,
aud GlGO, 900 in soyereigns from Ireland. A very
large amount is also expected 10 be delivered to-
| morrow. The precise amount of specie TO be ship
ped for the Fast, the Goth. is f3j'.277 Of which
| fl6,49f is gold, and the remainder silver.
Yesterday the bills were returned of DrRy Co.
| engineers and agricultural implement makers.
The Times City Article gives list of the princi-
pal suspensions announced i'll London, since the
! beginning of october. The nnmber is 49, and the
4 ISnIff 14aku 0norA
| coo. The liabilities Of the houses suspended in
| the provinces computed at t35, 10000, at
moderate calculation, but this includes the debts
Of five banks amounting to f23, 600 600. The total
| is fifty millions.
The Daily News City Articie.l
A considerable fall In the value of money is evi-
IDENTIFY impending. Speculation is increasing in
| the stock markets. The funds today very
| buoyant. English, Canadian, Indian. and other
railway shares, were in active speculative demand,
| in many cases at considerably advanced rates
| Now that the more prominent stocks have expert
ence< so important rise, the spectators
gerry turning their attention TO a variety OF secu-
rites which have hitherto been neglected All the
markets closed with favorable appearance in an
ticipstion of favorable bank returns. At the Bank
of England to-day, the demand was again only mod
crate, whilst large sums fall due there from day to
day. In the open market the signs of returning
ense are unnistakable, Good bills are currently
discounted at 9t3 per cent. Choice paper Is done at
o., and per cent, and in exceptional cases trans
of one instance in which two months' bills were
done at So per cent, and of another In which a
large frm nave discounted their customers bills at
| per cent.
| quote them because they denote the tendency OF
the market. reduction in the Bank rate is evi-
IDENTIFY at hand. A very large amount of money is
seeking employment in the stock exchange. Oh
loans on Government securities, but the highest
rates obtainable are to per cent, for short peri
DDS.
1t is stated that the liabilities of Jonathan Hills
& Sons bankers, of hartford and Gravesend
amount TO about $4,000 in foreign exchanges. Yes
terday afternoon, there demand for bills Upon
Hamburg and scarcity of supply. A rate less
favorable for London was established.
memorial has been presented to Lord Palmer
ston, praying him TO make provision for granting
of suffrage to certain classes by virtue of their eu
catonal requirements. The memorial Is signed by
the Archbishop Of Canterbury, Bishop Of oxford,
several noblemen, and large number Of gentle
men connected with the universities.
NJ. Vernagen, distinguished liberal, has been
elected president of the Belgian Legislature. A
moderate course of action is expected from the vic
torious Liberals.
FINANCIAL AFFAIRS IN LONDON.
In the money market, on the 10th. there was a
further decided tendency towards relaxation
among the discount houses and selected bills were
readily negotiated at from 81 to per cent. The
demand at the Bank was very light. The funds
were buoyant, owing to the continued influx Of
gold to the Bank, and consequent expectation Of
d
The following failures We're announced: Edward
Smith, wool stapler, of London, with large labili-
ties, and saaieljt Brothers, woolen nanufactu.
rers, of Leeds with liabilities of G20O0O0.
Mr.. Jawdall, of Leeds, very extensive operator
In woods, was reported To be in temporary din
Guilty, but not actually suspended.
At Hamburg the rate of discount had receded to
0 per cent.
On the 18th inst. there feeling of increased
confidence, and rise in the funds, under the in-
tuence of the Atlantics news and specie Money
was In good supply, and the applications at the
Bank light.
The suspension announced Of VIM Ches- |
borough Son, Of Bradford, one of the largest |
WOODEN firms In Yorkshire. Their liabilities are
not stated.
The hartford and Gravesend Bank has also stop |
ped, with Liabilities of not more than 10000 |
The Burgesses of Hamburg have authorized a !
new loan, thereby making the amount Of loans |
contracted for abOut forty millions of francs The
rate OF discount there had further receded seven
aud nine per cent
The important firm of Schultz and Schemman, |
largely engaged In the metal trade in Hamburg |
have suspended.
James Holmes. Of Kdderminster. CARPET MANN |
facturer has suspended for $4,000
The official statement of the affairs of the West |
ern BANK, OF Scotland show liabilities of over Is.
$4,000 sterling and deficiency of over f3oO, 600
On Friday, the 18th, the stock market further |
advanced, and closed buoyantly.
Ielegraphlc advices from Hamburg reported /
further considerable improvement in fnanc Ial af.
fairs. 80
WI; Powell son, of London, In the Msnches.
ter trade, have suspended with heavy liabilities
Operations were resumed upon the Leviathan on
the 10th, but with the most tremendous pressnre
the vessel was only moved about three feet when |
the work was suspended sane die no less than three
hSdrauiie rams, one powerful Arab or windass,
anu the double chains, which drag the vessel 10 |
wards the river, having been all burst and broken
me Times thinks that half the hydraulic presses
VIII be required to overcome the difacuItjesI
Admiral Sir 4. Beaufort is dead
special general OF the East India Company had
confirmed the grant OF pension of a thonsand
pounds year to General Wilson, and f5O0 a wear
each to Lady Neil aud Mrs Nicholson
3enerai liaveiocki is gazetted to the Coionelcy OIL
the Third Regiment "
Another public meeting In favor of refarm for T.,
dla had been held In London
The latest step In British reform agitation IL the
presentation TO Lord palmerston of a memorial
very infuentslly signed, in favor of special rem
resentation in Parliament
COMMERCIAL INTELLIGENCE. /,
LIVERPOOL COTTON MARKET
The Brokers' Circular reports the sales of the
week at 2s,et0 bales OF which 5000 bales were on
SPECULATION and .2oo for export Prices were nd
or new cropholders of which were pressing on the
market. flidays sales 5000 bales. including
ng quiet, though with rather better demand than !
'rssonsiy az the following quotations Fair Orleans
I'D Middling orleans sd; Fair Mobiles o.; Mid
Iplands Dad. The stock in port was estimated al
81 90 bales, Of which las00o were American
LIVERPOOL PRODUCE MARKET
This Brokers and other Circulars report ashes
Mdss M raj ssas aa az 81
aist Rice heavy sAd slightly lower Carolina iss.
LONDON aoSEr xAaEEr 4
xhtly sasisr Bar Silver b. lid; Dollars s. I'D;