Glasgow Courier. — 1864-10-20 (Glasgow, Strathclyde, Scotland)

OOO. The banking firm of M. Sonto, Rio de Janeiro, bee failed for a very large amount. Other failures took place in consequence, and are followed by a commercial crisis. The Government has decreed the suspension of cash payments for notes by the Bank of Brazil, and has given a forced currency to the bank's papers. At a meeting of the creditors of Messrs Carpi, Brag' giotti & Co., Austin Friars, it was resolved to accept a compromise of is 6d in the Z.—At a meeting of the creditors of Croskey & Co. it was unanimously resolved to wind up the estate under inspection. The total liabilities, secured and unsecuted, appear to amount to £215,000, of which £37,000 are expected to rank against the estate.  At an adjourned meeting of the creditors of Messrs H. Clough, Son & Co., at Bradford, on Friday, it was resolved to wind up under inspection. An offer of 5s 6d in the pound, in four instalments, was made, but the directors of the Leeds Banking Company, who are creditors for nearly £70,000, intimated that they would not accept anything less than 7s 6d in the pound—the whole to be guaranteed. The Commercial Daily List says :—The failure of Messrs Rudge, Moreer & Co., Brazilian merchants, has been announced, through the suspension of their firm at Rio. The liabilities are £lOO,OOO, and the assets are expected to exceed that amount.— Messrs Paul, Irske & Co., Australian merchants, of Mark Lane, have suspendei payment. The liabilities are about £40,000. A favourable liquidation is expected. In the Dundee market yesterday the demand for flax, tow, codilla, and jute is still entirely consumptive, and confined to the supply of pressing wants. Very few transactions were reported, and the business done was at prices in favour of the buyer. There was rather more inquiry for yarns, and, where spinners inclined to meet buyers, business resulted in nearly all descriptions. Linens were also more asked for, both sackings, Sle., and the finer class of goods, and several orders were placed. The report adopted at the meeting of the shareholders of the Belfast Banking Company on Friday is of an unusually gratifying character. The profits on the year were little short of £60,000; and, besides the usual dividend of 12 per cent., two extra dividends—one of and one of 12 per cant. —were declared. Still the hvgi sum of £22,286 remained, of which £B,OOO were por.le to the reservejfund, which now reaches the sulashlnfiß figure of £200,000. The balance has Wen added to the profit and loss account, which is now £23,412. The failure is announced of Mr. Louis Spelt; a large cotton dealer of Liverpool. His own acceptances repro : sent about £250,000, and total liabilities £320,00U. Messrs. Bendare & Co., merchants ano com Mission agents, of Mark Lane, London, have stopped payment, in consequence of heavy losses by bad debts and on produce. Their liabilities amount to about £5OOO, a portion of which is secured.— Mr A. Drosten,of Mark Lane, London, in the corn trade, committed suicide, in consequence of difficulties. His liabilities do not exceed about £6OOO, but assets reach only a few hundred pounds.— The suspension is announced of Messrs Brown, Buckley & Co., London, produce brokers. The liabilities are about £160,000, of which sum about two-thirds are covered by special securities, the remainder being uncovered claims.—The suspension has been announced of Mr H. Legard, woollen warehouseman, with liabilities for £25,000, and assets said to be estimated at £15,000. The stoppage has also taken place of Mr ga, Combee, of Mincing Lane, who is described as a merchant, but who seems principally to have acted as an agent in bill negotiations.—Mr Wm. Patterson, shipbuilder, Bristol, has suspended payment. The liabilities are stated to be about £40,000, one half of which amount is said to be owing to Bristol bankers.  PER TELEGH4pH.