The New York Herald Newspaper, October 26, 1857, Page 1

>HERALD. WHOLE NO. 7725. IMPORTANT FROM EUROPE. Arrival ef the Baltic with Four Days Later News. THE FINANCIAL PANIC W ENGLAND, GREAT DECLINE IN CONSOLS. Awmother Large Advance in the Rate of Interest. THE CRISIS ON THE CONTINENT. Commercial Failures in England, Scot- land, France and Austria, Over $2,000,000 in Gold on the Way for America. INTBRESTING FROM INDIA. Binth Victory of Havelock Over the Sepoys. TRIUMPH OF PRIORESS AT NEWMARKET. DEATH OF LECONPCE, ae. ae &eo. The Collips steamship Baltic, Captain Comstock, which tem Liverpool at fur o'clock on Wednesday, 14th of Oct, ‘arrived at half-past Sve o’clook last evening, bringing one Q@undred and sixty passengers. Tne news i four days later than thas brought by the Europa to Halifax. ‘Tho Baitio brought £72,029 in freight. ‘The news is important in # commercial point of vie ¥. ‘There bad been a rea! panic !n L.sndon, sad » commerc 8} ‘erisie was on the eve of bursiing out allover Europe. Our extracts will oxbibit the state of things ia Loudon, Paris md the other powerful money markets on the otner thde of the Atlantic. ‘There is later nows from India, but no really important @bange bad taken place in that quarter. ‘The American ship Lexington recently reported ashore ou the wert coast of [relan’, after having beer got off, was totaly lot near Valontia island, as she was being towod te Liverpool, and three men were dyowned. Tac hawsor broke during a violent siorm, and ibo ehip sunk. ‘The Lar cf Fitzhardinge died on the toth inst. ‘The newly formed National Awocta‘ion for the Promo Gon of Social Science was formality inangurated by « pud. ‘fhe meeting at Birmingham, England, on the 12th tastent. Lords Brougham, John Russell, Stanley and other influ. ential men were in attendance, and the meeting was ex- pected to oxtend over » week, Tho association propotes to ovovpy the ground in secial and moral science which fhe Briish Association bolds in respec: to the more mate- etal sclences. ‘Tee London Aimzs In a lesding article on the supply of eotion says :—It appears to ws that If ome Amerios 1s not wafficiont, and we want a recond, we cen hardly do botter than take iho ficrt for our model. We know of scores of spots where the soll and the citmste are as gxd as in Georgia, and though perhaps crtton of the very bost quality iz not to be raised everywhere, or upon the ia stani, wo bavo great faith in the powers of culiivation. ‘Bat roti and climate are not enough. Capital, energy and ewganization will be called for eti!!, or we shall got ae colton to speak of, and i} happens that in mene ef the countries otherwise fittet for the perpose in qrestion are theeo requisites to bo found mong ibe uative possessions The quailiies which enabic americans (o sed out millions of balcs every year are no: @tecoveradle in Hind-cs or Borneans, end as they ara not indigenous they rust neede be imported. England, in short, rust find money, machinery and wits, end if those ere carried to some well elected territory, where there Is geod land and abundant labor, we may soon bo abie to diemtee ony warms about the procaction of cotton. merous mee'lng of inai, upon the de ‘yelopoment of the interior of Africa for missionary and com- mercial purposes. Im France the grand final review of the camp at Chalona took piace op the Sh inet. The Emperor and some of the detachments jeft on the 10th, end on the 12th the camp was des ared cffictaily raised, A report was stil! current of s eontemplated meeting Between ths French and Austrian Eauporors, to take place a Manlos. Advices from Madrid to the Tih of October reprovert that Bravo Murillo would mos) likely be onarged by the Queen to form « new Cabinet. ‘Tho doparture of Count Miracol for Coda to replace @»- nora! Concha was rogerded a2 cortain. 1B was eald that Senor Marfor!, Governor of Madrid, was pbow! to resign. Madrid letters of the 8th instant report that Bravo Ma illo bad had eo interview with the Qutez, and bad de. Gitwed to undertake the formation of a ministry. ‘Tho health of the Kiog of Prussia had undergone somo tmproveny nt after copions dicollag, His malady was congestion of tre brain General de Reyer, chief of \be graad general siaf of tne Prossias army, is dead. From Ra:sia we learn (hat Prince Gortobakw had ad- dressed & confidential circular, reiaitng to the Siatigardt interview, to the Rassian ministors at forclge courts. Tt ta wald to be extremely pacific and to recommend the maintenance of existing treaties, ‘The Czar aud Emprors bed mado (eir solomn entry lato ‘Warsaw, 2nd {i ia said that the reception on the part of the population was more friendly than any Roasian monarch has ever met with before tn the Pol.sh capital. ‘Thero ie 50 mell from China, the connecting tleamer not Ravicg reached Osylcn. Borat was eynouated by the Persian troops on the 27th of Jaly. ‘Tho so: ew steamer Jura arrived at Cork from &. Joba, N. B, on tho Lith instant The wowmer Borussia, from Hamburg for New York, pet into Liverpool to repair damage to hor propeller, and galled egnin for Now York on the 14th. ‘The Ariel was roportei cf Southampton morning of i4in Imstani, but {i proved to be faire. No news of ihe City of Bailtmors, THE REVULSION LN EUROPE. State of the London Money Market on the 10ta, 18th and 13ch of October, [from the Louden Times (.1'y Ariiole) Got 12 | ‘The unfavorable return from the bank and tho further fail in the American oxohangos, telegraphed frown [iver ‘on tho arrival of the Persia. caused the fanas to open (Gatarday, Ook 10) morning st a fresh deoline of = quarter per ort, the market conti; five way tH! near the termination of breiners. ols for money. which loft off postorday at 80°; to by, were Arm quowd 89% to i. Al this they remained for some timo, bat the e@xcostive demand for money overveble in toe digonan market, coupled with rene withirawas of gold, trongihened the tmprestion on Thursday next, cr evon previousir, the bane may find it nooeenry to go np 6% oF 7 por cont, and aries row ae 3%. Unigwately there was a slight reaction, and the finat Spereticas ‘were wt 69 to 3g for menor, and 89); to i for 10th rf Novem ver ; ‘At the Bank of Roglann the demand for discounts yar ex cearine, the ications being more numerous ‘han on any for months past, This rash as doudtiors 20% +9 pro- 6 for immediete want #o moch ae t) antiolpars the por. MbIKY of snothor upeaed movement on Monday, cr, ® all events, on Tharsd a ‘The foreign stock market hes been rather olive, aod Ia Moet casos a ceo\ine bas takon place, Arey liaw® Five ver Conta wero negotiated st LOL 4 for tae ecovuta’, O°; Go., 1829 end 1830, 99; Innes To er Corts, Sis; Mer Pvgelan ky 0; Soar ish red, for dhe acovw s. “ant eh Ma por Gente, for the eer or 89% j Dolch two and w Hell per 0 aad ino Pour per Cems Veriidoater, 08. The losin the Feeooh Three the Paria Bourse thie evoning was Cif 250.1 a ‘and account, wing @ fall of udarly Whreo olgavy conet. At Hamburg the rate of disoant hat advanced to 14 Abort £40,000 of geld was token from the bank to day erportatios An ibe auippers of ‘uciton 9 w0eg the principal sollere of conaols, ti inverted wey are proparig to 80% 08 ® Still larger scale, ond | as Misy 0.0- on on ” tier axother imme jist: movement in the rate of discount imevitable. 1be 2d: {oes from America, telegraphed to London this re Rot worue then Gad been waticipaied = thoy show, however, that although an ariy revound may be possible, the rand confusion have mow been to» exten tte not lo require ae of mene monindior Sete comms to be reirieved. Onarge for disdscat at Ne~ ‘ork ie aif ap; arently at the rate of from $4 to 36 per cent per cunum on the chotoest paper, and from 60 1070 per cent for the secondary descr! At such a lime pr cee of all derort) Of stocks must, of eoarse, ve little moro than nominal; but It appears although a far- ther beavy reduction had taken place rd Wee & partlal recover y before the departare he mall. On the whole, it e wader rach cicumetanoes wraaly prowisen eure under # jc noes urually prow! turn Now York bunks had feirly aeintarned tot? atc of apecie, alihorgh they haa been valied upon for la ge sopriies to av; thelr onrresponde ata ta the interior, and another arrival from California was nearly due, Ae the riock sariee, 18 Previous week bad received aa ad dition of £270,000, aad all they might arrive would be retained, it fs evident thet potuing shori of some Bew and wholly uncxpscted developement of mismausge ment cr fraud or Bsuddea return of Innaio terror wee Ukely to carry the orisis beyond its present vont. The pension of the Baltimore banks, which was arrange’ Dy ® concerted resolation, i devc Ibed to have nad the anlictpated effect of relieviog the uravailing ap 2retsutions ip thas and througooat derylini, aoa it iv now an poupeed am arrapgemsnt equally genera! bac beeu acopted at Philadeipbts, aud thas ihe Sate J agisiature 0: Ivepia hae bern convened to legeltzs sath fatur measures ar mey be riqisio It ts duty of att banks at periods of pantc, unlss they can see that they are in a po in the wich people who tre the promoters of te calamdty the selfish peop are the pro to run off with assets which showd be equally divided among Hence the presen: re. olution must oe regarded wth safiafection. aithougn it Is plain, from the way tn which New York danas bave atood ‘hel: ground, thet ths necemity for it couid have resu.ted oniy from gra veows tI mismansgement [t will, moreover, have tie good effect of cacmng specie to flow to those points where suspension bes been ayotded, such as New York, New O-ica &o. "nila the impression that a year must elapse bejore ub delpbie and Baltimore banks wili be in a oonditinn to re me specie Lg pnw lil ost likely be faily borne out; bat oplets the I-giziatares o their res :eotive Siates should Commit the faut of allowing them to extend their iseues during the period of inconvertibility, this circumstance need pot necowar!ly creato much lov Or aunoyance With regerd to tho further effect which the paulo will prodace in Europe, !¢ is sill to moped that tho exor. mous inconvenience experienced from our pon re- celpt of remittances will mo be aggravated by bullion in large soms belpg absoictely wiibdrawa feom ut. The Vanderbilt, which was shortly to arcive, ‘wes expected to Dring £100,000, it ls presumed from Frenoe; but the uncertainties aa to the darasiou of tho penic are Likely to imit apy specolative shipments from Eoglend. Although !t appears shat some prodice Diile beve been sold at New York as low as 100, the profit on their perchace was doubtless cousiiered not more thaa fufficiert to cover the risk of ther being drawn upon weak houses that might be found to be compromised by ine failure of American correspondents. The chicf danger of gold being sent hence 'o New Fork is on account uf the additional purchases of securities which our capicalssis have been tempted to make at present prins A fall about 4+ lo wheat bad Jed to the despatob cargoes of wheat and flowr to Liverpool, hut the upfavorabie :aie of ex- change operated freasty t counteract the apparent Sdventage to be real zed f:cm the prices in our markets, As respects the commercial losses to be sustained om this side, very heavy amounts are bticved to have fallen on Lyons and Paris est is feare’ Manchester, Bradford and Glas- “gow will suffer considerably From the later ple & serious “aso of embarrassment is reporied thie afternoon. The Marseliles Jetiers mention the faiinre of the mer- cantilo firm of M. Netsim Soul, but it is mot thought 0 be Of a very exienalve chsracter. ‘The fol ing i» an abstrect of the railway intolligence of wo wee! the wirks upon the Welland Raliway, whiob, rurnipg along the sido of the canal of tae same name, intended to concect Late Erie with Lake Oatario, ere making rapid progress, 2 opening of the na on, Ata pn! Lym ja the byt per cent per anpum. tributed te the reaction csused by ance of {be outlay of English capita: the general deprenton business ry) fur the repay meat af the gov oF ment loan of (COO was approved, as tiso tae loam of £160,000 on mortgage, to comple'o the Detr Tk was stated that of the boda are neld tn Augland. The railwoy market bee heea Lag oe iu several des- % acd Milwaskle line, ‘% por cont of the stock and the entire criptions, such ag Grovt Weetern, @beffield, London and North #estern, & uth Esstera, and fancashive and York- shire aferther decline bas taken piace, Oacadian dos criptions were flatter, and a com iderabie fall took place im Grost Weetern of Cana‘a; Baffs'o and Laxe Huron, Hast Iodian anc GreatIodisn Peninsule were also lower. In American securities the «ply businers was in Lilla is Central sheres, which re wded; the bonds, however, were rather betier. In m sce! securities a reduction of £b eccarres .2ritieh Awortoay inp> [From the Lo: ¢on Chrenicie, Oot. 12 } metals into Ligand during arricale of the precious tbo woek bave been as follows: — From Australia, per Overland... “ africa, per Candia Siiver from Dt... setae . The oficial retorn of the exports of bullion from the port of London for the week ending Tharsday last is as fol- Gold calm to Belgium, cance “ Boulogn Silver bers to Haaborg Silver coin to Belgium Silver bars to Boulogne. tee seen ‘The ascertsined ebipments from the outports have been omall , £17,680 to tne Brazile, and £37,000 to the Fentrenia. Drivatschioments to the Continent bavo been large, probabty £500,000 ‘There have been rumors of ‘ailures in Sc tland but the Glasgow lotters do nes confirm she current ramors, but raiber bold out hopes that the w Becessary accommo dation wil be continved to whe hoases in question. The number of Moppages in the sik (rade, tn Manchester and sts neighvorhood, are from siztern (0 twenty, tome few being of large, Dar moet Of them of small magniiuds, yot owing Shogoiher a vory coasiderabie sum ‘The advices now to baed from America aro not snon #8 w calm tho apprebentions of an eae look for more extended diossters. Line of mercan ile, are on, aad Glase Dilla turpa, combined with ihe other ansatisfrotory featares of the period, bare canend a farther depressica ia e7nso's, which cloned at 89 to }y ‘or momey, ana 897; to 3¢ fur November account India bonds, 264. to Ee Me ex. okequer Dills, Be. to Us. dis.; ditto bonds, 96 to 3; mock, 27100. * The eubjoined tab!o exhibits the daily flactuatione tn walne ef console daring tho week now terminated: — 20% % Be, 89% re 89 es 89 [From the Lordon Times (olty article) Oot. 13 ) ‘The Bank of Kogiand bave to day (Wonday, Oot 13) rated their vale of discount from © per cenl, which was adopied on Thursday last, to 7 per cent ‘This measure was fully naiicipaved, and, from the ex ton: of the applications to day, lt le doub.ful If « farther Movement will not immediately be found nevsrsary. The amoont of Dulllon withdra=n bes been only £0,000, but i 4 asserted that £400,000 will be despatched to New York and Boston by the Baitte and (nada [probvabiy the Persia for Hearn | on Walnestay and Saturday rohanges abow na Rent; RDO, we siton of Lig per coat ttt aleo anticipated that fh. the overland mas! of the 20h wi time thougnt prodable With these prospects freed can scarcely bo avoided, and per- Pape we way egaia seo the rate at $ por cent, iho highes) point It bes ever reached dnring modern export ence, and at which it stood in Ocwbor, 1847. In propor- ton, however, 'o the suddenness of the prosmure will bo the tepidity of the nlitaase rose fon, and, at on that 0008 fon the rate within a soar afterwards went back to three Rr ces there will im the present case be reason to iook An extraordinary tarn of the tide as fon se the imme diate 4ifflonl y ehall have been comp ctety met. Notwih Mending the tompting race of exchange ni New York sod Calcutta, the transmission of specie thitaer under existing Clroumetances must be a Dazarious epeculstion, anos the in each fnatance te not wnat may be tho apparea promt, judging from the prevent edvioss, bat *hat wil have the conrre of tho markets in ibe {nterval baforo the cpersion can bo carried out, [Ta America thie arrears now dne to England and the continent are enor mous, asd are atcumuiatirg evory werk, end the Moment the ; anto subsides anc the {nil ieace for tne fort nighily gold arrivate from California again bogint to bo felt the scarcity of bills upon oe may 06 at remereadic at their presopt abundance In India, bkewteo, the failing Off In tho shipments of produce and the demand upon the —— for payments to Hogliem steam compasios the transport of troone must exorcise a strong effect in rentoring inore favoraiiia conditions. ‘Phere. te conse quently nothing to excite apprehension that the disturbance’ Will be protracie®. The soic canse for anziety ts lem the fail of eech houses In the orovinens and cimewhore as are upavoldably compromised by the american feiures, and the fectn-tons In tho markow for Kastorn prodnen, enould 7 Vague terror calculated to 'ead eron to & ‘oral distrust, Toe belief tr action of the bank on that sccount, 0 well \# the effect of « rapid atvance tn the rate of dismount now understood, tI the newemtty for it oxiewe a vigorous oonres Of antion ts at poo aymweciated. i} e unquestionable that thie wae the effect cberyabic joday. When the advance to 7 por y be larger than was st one i uae 44 am: ing wriking orptrast to the nessed when the denoy wer? unrecognized, is was simply that tho riso to sev revolved ucon g 3 wball be adie to witestant it, co that its consequences, heavy as they must necesss- ry be, shail nos destroy conidence or interrupi we gen- oral welfare of ibe country. ‘he fluctuavons in the funés today have beon extremely grea, and alboogh there was # partial relly from the ‘lowest potst, (he final quolations, as compared with those of Saturday, show a decline of more than one and @ quarter per cent, Jast before thy commencement of business $ apreared as if the market would open buoyantly from the effects of the ludiaa news, but rumors were st once olroulated thet a (ariber move- ment cn the cart of the bank was imminent, and the first reguiay qnota ion was 88%; to % for money, being a deo ine of 34 percent Tue forma: nvtification of the ad. Then took pinoe- te S8X Bubequeatly. © sdcooeston of en Dp 3 an on farvper weakness, aad transactions at X% for monsy, and 88+, for the 10th of November. some of the seles curing (bo afiernoon were said to have been effected to cloze the accocot of a large spe uietor fora rise, hut the publicetion of the rate of exe! ie from Val- culte, and tne expectation of abipments of being about to be made to Now York, also induced many operas.ons. Thero wee likewise ah apprehension that mercantile siop- pages would be apnounced from the proviaces, and twat the various banhs hepa Sg the would bo it oly to eel] stock to provide for the wante of their castomers Ac erroneous report was at tho aame tims spread of sales having been mado on account of the Bank of Eaglead, ‘The rate fur loaus on government securities (om the pre- seBt Boocount to the 10th of Novembar was 63g percent, Tho foreiga stock market bag been active at goacrally red sced rates The 3nal quotations this a from the Paris Bourse were 66f. f, 90c. for tho end of tae mon! bowing tan three eighiha percent At Vieana there has been a desiise of :aree- quarters pe: cent, The di count houses bave increased thei rate of allow- ance to € por cent for money ai call, and 634 per cect for deposits with short notice, beng an advance of three quar ters per cont Tbe Nasional Diesoua: Company have no \ifled that their terms So sepoeeny 6% and 6 por cent The rate of the joint banks for deposits will be 6 per cent. ho political accounts from India to day were received with universal satisfaction, every one being disp wed to consider that ali cmoertainiy with regard to ihe faturo success of our trcope in the re establiebment of authority ieatanend From B m>ay the commerc.al accounts also are not upsatisf ctory. since they show demand for im perted goods at advancing orices; but tho intevigeuc* from Caicotte of the Bank of Borgal having refased to make ad- yances on goverment paper or commorciel bills, exseptuf short date, has ccoasioned fears that the stop may hay led oo lous pressure oa the other bavks, as veil a: the mercartile houses. [i was known on the arrival of th provious mali that the Baak of Bonga! had a ready refused acob advances, but it wae added that the government had objections It How appears that the la tor y. she tatisfactory coarse for the bank, in- Head of refusing adtolately any class of paper, ~oald pave been for them io bave raised th-ir rate to whatever point the Goraand would justify. The iruo way to produce a panic is to r:mcer any jerge clara of seonriies mlwgethir cumegetablo A rate almost prohiviicry may fixed without the pubbe taking alarm, dDeceuse thoy havo then the feel ing Of secvriiy that, in the owe of the worst they are not shutout ‘rom all possibiliy of ald. ‘our cr fre failures-some of them of Were ennounced from Glesgow \o-da; pe! wae thai of J, Momelim & Co, whwe liabilities are believed te be extensive, They wero large shippers of Giargow goods to America aud elsowaere. The ober houses mertioned ere Paterson & (o., Macdonald & Co , and Wallace & ©», Promp; measurea were felt to be eotsiary to prevent as far an gaatble any increase of diasier, and & Cowmitiec of the Western Bank of Scotiand bad been a to inyestiga:e the poaition of these rie. letters from New York to day all express con daoehacnane ‘hat ie height of the panic had passed A large proportion of the house. tna) bad ben brought down are described as having had no soun! bass, dat some of the pames included are those of establishments ‘wal stood extremely well, Among those wore Garnor & QO... a commission house, which is said to bave evjxy- ed credits to @ large amoont from leading Grow on thisaide, sné abbe: Dodge & O2. in the tloxr All the Danks at Proridenes, Rhode Island, bad sto ped by a contert ed arrangement, and she same resalt is ¢o cribed o bac been experioaced at Baltimore, the panic being at once mitigated From Boewp, Philadelphia aud Paiitmore the acyices show animprovement The discvant on the Roto clrcwation of the suspended banks at the ‘wo Is tor cites was not more than 4 or 6 por cent, bills on York being purshaseavie on those vorme, Tne Bavk Pennsylvania have advised their Londou correspondents bai romitiances will be made with undisiarbed regu larity. Purchases of Amorican stocks by Eoglish cspitalist’ oon- tinue on @ large tcale, and (his *icammancs constiiuies «1 the present momensn materis! adattion the saverse = of oar relations with that covniry. an advavce im the rate of discoant was discuss- ed, and that it is now sousidered certain, The @1-eotores, however, were anzious thai a ht delay abould take place afier the |!] advised increase of facilities adopted ‘week ago. During the past month about @ dozen failures are cated to have occurred im Paris. bud all of second rate howeet From ali pans of the coniinens torre are scconnie of increasing pressure, and at Frinkfort, Ber- Ho, Vienna and Turin the basks will discount only short paper, end that in certain limiied amounts for the several epplio:nte Tho reports of the trade of the mannufactoring lowns during the week show considerable dalinese ia oon- sequence of tho ‘increse im tho rave of disovunt aod the jonses from Americen fallcroe At Manchester bustoces Das also been again afeciod by tho stoppage of several sik boures. Birmingham is stated thus iar lo have es caped very well she effects of tbo Now York crisis. Brad. ford, tse feared, bas suffered to some extent, and at all points the cessation of orders from the Unite’ States is Ukely to causo inactivity durtog the next few moaihs In the gexeral besinese of the of Loodon daring the past week (bere has been Iit'ls fe total of snipe inward was 211, showing @ deorease of 16 from the previous week. The number olesred oatward vas 169, tpelnding 20 in ballast, showing alo a ¢écorase of 14 ‘The number of vessels on the beri loading for the Aue- Mralian coloniés is 64, being 7 more than ai the lasi ac Notetthstaudiog the tudden fall in the funds the railway market was fairly supported im the morning, hut sabse- activity at redooed rates. Mives were wore inquired for. Cagada goverr ment bosde declined, and ta ae securities @ reduction tonk place in Canada Land, London ond Netional Diecoust, Enropeam and American and Royal Mall Steam ead London General 0 npibes. [From the London Chronicle, Oct. 18.) Ate meeting of ihe cour! of direcwrs of the Book ffm ony held early this morning, !t was resclvod to raiso rate of “interest from 6 to 7 per i alike to the discount of commercial bille and on mock, A measore of this kind wer to be erpected, and 4 ls more to be wondered ai that the restrictive wae ied earlier. Il, however, could not be delayed longer to day, as it was imp*rativo em the direoiors Wo check, If they could not stop, the heavy drwn upon them. ¢ applications which ail last week and the werk: previowsly teen very heavy, were on Satur. ura ordinarily t0, amounting to 0 'e folly anticipate that they will have to m cent on or before Thureday next; can we hope even thie limit will be the maxima m; i! sseme more Itkely fo p0 (0 10 per cent, ave that very y, eolew the bank charter rogsied. The moercentiie ineress do know, and it would nimost scom as if they cannot under £7088 and rulsous system of Nance under which subject They are constactiy placed Not until they have no longer orsd't to sustain themaclves may we hope thai they will havo an nee eee 5 In im vain to call their attention ty the subject rer, and no trouble to reourity, nnd a lithe to a subjent dry enovgh, it may be t, one of the most interesting when it ie rigatly vader mood, Tho state of sfairs in India, aa we have repextedly Bald, would leet to coneiderabie diffionition amoxgat traders, We have made large shipments to India, ani India's indetieoness to Manchester and fAverpool alone At this moment is temething live £4,000,009. not one penny of whichai: t2 to be feared, will ; recited, Remittances Rave virtrally cowed With amorion ® sili worse stale of things exiet § Finansiel affairs have beor seriously (le Var bed, and mercantile credit, thoagh ound In ieelf, bas toflered severely. the boat houres having to give from $4 to 26 per cent for discounts. The accoun'* now t» had, however, are sii!l worse; they announce a fall in the ex: obange to 100 for merosniie paper, ani 106 to 106 for bankers’ drafis. Tho effect of these is to create ® mach greater demand on the market for gold, for any house io this country can despatch « trusty it to America, ev pied = wit gold, to draw open = themeciver 4 realize the eid 94 to 85 per cent; bat the pros pect, however, Is oven greator—ts ts more lke 5 pe cent than anyihing ee. The operation ie a sicplo ove, tnd a very provindic One. All tam: is wanted Is tho eold todo lt wih. Iterm and willbe dome by many hy be shipping golt to am Rowever, fe ough, b 9 O'MeIderod strong ene: wholly withmand the it flaence of rach a ao) snc! things. Heavy lower hevo alrosdy boon made ant many ust follow. Sugar has gone down £14 per ton, aud Iepotro £10 per tom, the latter in but » fow days, Which Mf speoulecre no time to themte ver round to moet the colapse io the market, and dim and Amerios, ant The period of peat ots Hanif Eagan wo bad Tell oan be more of tte ou higher ip the course of a few days more. Goat repeat our ping amd our Gaution that ibe utmort caution is abso- ¢ to deny thelr existence and negieo their 1 entail calamitous results As we before sald. 'y abd Commer o's) Crigis canno; occur in America Without our feeling i, Let us thorefore meet tt boldiy and wo may be oerrled safely through. Oae oaaco of our present danger is the aconrsed of our laws whiob regulate the ourrency. They are not sufficient to save us from threatened danger, nor to holp us when » arrives, Oa the con'rary, they retaer megaify the evil WIM nothing but another crisis arouse the mercantile interest to @ sense of the evils tnillotod upon teem the Bank Qoartor noi? Tis doasied supremacy ab fection was unable to copt-ni tao course of events 847. Will tt do so wow, Im 867, the cycle of time which appoars to come round with fatal pre cleion to try ead We \ear po’; nay, we kuow that it cannot. bank in 1847 was obliged to apoty to government for belp acd moni io so |, UDlosm tt wil felly allows t fo take thelr course aod ruia be whole couniry. b wDila} professing canidonce tn weir efdcacy , the advocates of the retentivn of the bank obarter wil} have to taolily admit ihe lnberent weakness of te lawe, and ask for their emporary abrogation. [a tho meaatime, whit “Mercator” and bis clare ore growing ricb, tho na tion is growing prorer, and many totally sulpwrecked on th, sands of @ The pr only the very beat Dill goed paper beng 1 snd 1% ornt = About £60,000 In gold yas t-ken from the bank ronrs aod £0,060 to-day. The movome: comprised azrivais of sold aud silver of aboat £300 000 or £060,000, and the exports 800,000 to 900.000; the for- mer incladiog the recetpte of #!\-er from tae Oonticen' A the latter the private shipments of guid to the Cunti: whion wore very heavy. These eficcted with (Be utmoss ose to keo; boure we know‘! employing a clerk pore, and enforcing sesreey on ali Coanocted with the tame. ‘The d ficulties referred to in the Morning Okronicle of to day have, it jd, not boon eurmouated by tne houres jp Sovtl»nd, tnd no jove than the pames of for Orme aro reported to-duy to Lave failed, one of which has a branch in London. ‘The detatis of the advices brought from America by the Persie prove to bo even worse than expemed; bus it is bigbly satisfactory to Ond that voih merchants and bavk- ers are manfu)ly striving o thety utm ut to meet ihe aiffl- culties ipto which they heve been piuaged by epecuiators of the worst character—'hose *ho p-oflt py the wilful do- struction of credit. Mepy more fr\iores are assounced, and tbe exchange on England had dro ped to 109, hich leaver so jerge & mergin of profi: vpom the ehipment of gold from hence for Ameriva that a largo oxpori may bo ex [From tee London Post, (City Article) 025. 12.) There bas beon almost # panic :n she waarket for baglisy fends to-day, ocoassioned by the advance of the minimum rev of interest aud discount to woven per coat by the thor! tes of the Baua of Bugtand This ext ° taken © ortion of the public by surorite, as if was scarcely apprehended that the position of rt was co unsattefacumy as to induce the Governor of the Bawk to emert the power vesid in his office io adoance the rate of interest without watting, as sm Ure ordsnary course, for @ resolution of the Board f virectors It appears, however, frore th itade with which this ci 0 has beeu extent to which it has been carried, thas the Bank ocnatdcrs ho has foond, 'n tho ogg gal el ay ee PL ml of eck, © sufficient warrant for inflicting on tho whole mercantile commanity of this covnwy the additional burden of ove per cent in the rate of inierest within five cays of tho time when an- advance to six per cont ned been made. Jt is true that the position of monmtary and commercial affairs in the United States ts most unsatiyactory, ond it is equally true that under ordynary circumstances a large outflow of dullion would take place from this country with a much lower rate of profit than ts offered by the state soa, Dut stil it may be quostionea wheter despatch of callion thither will be very Iarge, in © sequence of the feeling of insecurity whicn would etond euch }. ‘The disturbed condition of Qnaccial af- fairs on the Continent of Europe more immediately affects cos, Dut it 1s Botwithatanding open to much debate (apon the data p'srested by the peblic,) whether the evils ‘eat can scarcely fat] to bocausea by so merciless au addition to the rate of “ discount” 8 1}¢ per cent, wishin less than a week, will be compensated Dy thoreuul.s ex proted to foliow so rericna and no determined astep = For the past ‘bree years wo bave had s periodic retura of these extreme mensures on the pari of the Dank. rhe mercantile commun'ty tave, however, been adie io tap- port the pressore wih rome degres of | upan ty hiber a, 0.4 the high state of credit couoarrently maintaiasd, ‘the fao lity with hich commoditics wore absorbed vy the chief markets of the world. if ime rato of proiis ou our evporte was but small |; wae compensated fur to acon siderable extent by the profits realized on imports. Tae monciary prewuro in otner countries, althocgh so: vere, wen not excessive, snd not vearly so gesoral Jodis and the United Siates always offoret a safs outlet for cur prodection=, and capital cou'd always be raised af the market rates for carrying oo oymmuercial overations. Money, though dear, wae easy. nately, now the case has momewhat change: distracted by & wide spread rebeilton, and trade In & great measure ia paralyzed. In the United States the agonics of & commercial crisis are being endured, and altpough thore is reason to hope that the worst has passed, !t magt bs clear to all that commercial confidence will not be so reatily Tein eo as it has beca torn doen, and that it wil! perbaps de months before credit * iil be evea cariaily ro esla> vance of tho rate of interes, ard digcount to day Dut as « most grave and serious step. Ie cannot now thip goods ad Uditum to India and America, and thus one great source of the available commercial ‘capuial of wis country ts narrowed; and alimough this is no) , it t# one which will for viously cripple tbo cummeroial world, aot onbt.ers bring down many firme of standiog no4 respe0 tabliity. The general cow piaint le that money is uot ty bs bad; bepkers are curtailing their atvances and clecounte as rapidly as prodence will perm! , aoc prevaring fo- tho Dex: phase is the kepect of commercial affairs § This ie undoubtedly uncomfortable situation, bat much is to de hoped from the pradoace of the merceatiie comma By, Rod the facilities whion it mest be the devire of all public to avoid tbe perils ehiou sre #9 thick'y sirewn all tides =fhe ‘currency syrtem" of tho late Sr ht Peed and the present Lord Overstene is agate ou triei, end, far at can be foreseen, wh bat IMtle better chance of ‘ban in the eventre! yoar of 1847, when, it wiil remembered, |t was found necessary to Suspend ite government afier which affaire imme nt is to be Lp however, that the thing like wild » ton will have the ¢flact of preventiag & repetition of such dipastere as characterized th: |, and in thes there ie for loon! ‘tne ng! tue. The public funds have an upereal dogree of fluctuation in comeqcence of the changes made in the mosey may ke: [From the London Nowe (“iy Article), Ost. 12 Au tmmenso reomiion was exolted In the Sock Ex chang: aod throughoes the olty by the annvancomon sborily afer 11 o'clock this morning, that ihe di-ectors of the x of Fegiand Dave raised ine minimam rave of d@ieconnt (rom 6 per cent, a whieh it wae Gxed on Cours day last, to 7 percent for first clans bills op tw ihe arosl limit of ulaety Ove days Terie le the highest rats known Winoe 1847, en ihe rapidity with which te alteration has Leen made siicienlly indicates thGopanion entertained by (he bank authoruses of (he extracrdanary character of the emer gency. Th's opinion, too, is clesrly shared in general circles, for tn bo quarier entitled to regard are t.o bane directore subjected tae Recuracion of acting wth andne barchness §=6The pressere pon ihe fastlin for money inst week, an especially on Saturday? was of the tracrdipary—indeed almott uop: eooden ed—k! “1 tock Of con and bullion was linewieo 7 trenched upon, parily for exportation aud partiy wo «unply the recesaities or the anxtety of country baakers. The drain, moreover, cont mort nua rated up totnts as extreme! Wy, and almost equal to on Saturday. Ia bar £214 ooly ‘about withdrawn from the institution, out we d anthority that a sum of 400,009 rove is already actually engaged for shipment t the United States ty on carly opportunty —Thie te naturally to be ie vk ed & rest of the fall in the Americau exchange, which bes now fu0h progress «@ to allo 7 of 4 profit om remitienoes of gold te that side Tao Aterican advices st the samo time indicate how oonil dently houses there lock to this coantry for s > mactiol relief im the bape of gold. The bank direc.ors evidently bad ro cheloe but to aot ae they here cone, They will now prevably 1186, to await tho resnit of the measures already adopted, but, ehould these yrovo ivacequate to (he gocasion, they will not hesitate to meke afreenedyaces. Aad bere wo + ovld remark that mach depends epon the way Im which the mereanilo commeant ty arcert Ike preseo serions cvitia, Though there ie mach ground fer aoxiety there is none for alarm, fince (he cone opcpens of the trate of ine ocounie: untversalty sitolited, and the Instances of embarraiament which sro paoraily to be apprehended will doubilese be Inadeqnete to aflect eur geners! position. Bat if ve commercial pa to persis In heoping op a uesdiowg aud exiravagant presente apea the b r wheh they have vill hare thomselvas to felt cefnee tof The feeling tearneates by t or the Fat Ind Ci aed inomert eit the pank vo art 9 Of restr| Alo whom Pere fie the money market in Knowledge of the peoun ary necottting omrany. [i te andorstood that the company are seein teeking to horro® of the back, and tovt the Iatior Dave been compelind to intioasts, b xh fo tn company and to our government, tha! they are no longer #n a Peailion (0 gTaMk the required accommodaty. Theis avant Mood to be the wurjos of interviews which hive taken [Ease teen (he Genatoen 08 Depwy Governor of the pk acd the Chancellor of the Haobeqver, The in ference is thus that @ public loam, gvaranieed ‘government, wil! come upon the merket as soon as it is io m stato 0 bear the opera'ion, The sunouacemoat that lle securities at Cxloutia have sustained a furcbor consiierabie fall, apd that the Bank of Bevgal has re- funed to mske sdvarces on the Ormpany’s paper for a longer period than thirty days confirms our view (hat no ren nce whstever oan be paced upon the Intiaa m ini marke) for ihe pecuniery means whioa are indis;easav: borittes at he presort j:nowre me witnessed in the Stock Exchange to day has had No parallel since 1847. The eactiement was intense. Pior to he commrnoemert of cifivial basinerw, transactions took place in*consols at an advauce of '; per cent over the Gleeing qvotaiione of taturday, ® more favorable inter preiation being put in many quarters upon ceriain pointe of the Indian intelligence, includig, more expecally, ‘ho arrival of some of the expected reinforcements. unt, readered necessary dy the whilt others wore by enecaia 1d at upwarde of baif a m'ilion, ‘or the vias «mong 7 who is ova lonally parily to bona fide invest. ments, end partly te purchases to o>ver provivus specuia: live rales, Toe latest otpoial quoistions, however, were still 13, per cent below taose of daturday, and the uiarkel Was unsettled 10 character. [¥roma the Loxdon Chrontele, Oot 14 } ‘The Nounctl of Adminiswation of tho Bank of France bave rbis day raised the rate of discount on commercia bills to 636 per cont, The Rea Jackc!, from Australia, has arrived with 66 0(8 og of gold, value ebous £204,062, aud the California, from Sydney, wilb 16,0€0 sovereigns. ‘A small amount of silver is reported to have arrived in the river from the Continent, bot large parcels also Oome by way of Diver avd Folkestone, of *bich po retara is optainsbdie. Tho failore of the five Glasgow firms roferred to yoator- oy ban revulted im similar disasters today !u Dondoa Toe bile of Messrs Roem, Mitchell & Co., large Osua dian shippers, were “not provided for” to-day, and the acceptences of Mesers Francie and Austin were slso refesed. Win regard to two of the Giasgo + firme, name- ly, Messrs. & Oo , and Moi & Oo, of Lon. con and ow, We pote watter of rir. P Jeo, a8 they ar nto have boon tn difficulites for tome tine past, perticularly tho laser house, sud thiuge a yesr to have been of so very pressing ansture at the eat as to induce them to resor: to an sct of very unusual occurrence, that of drawing cut their balance ai their bexkers aficr they had stopped payment, ‘The ‘one of the money ma: ket has been much tighter to. dey out ef doors, and Bask of Evgiaad nas been tre- jovaly pulled upon again, which preuy platuly indt o ‘ho probability of the rate belmg again put up to morrow, or not later then Thors The ‘@ Dot Only in conneot'on with the m>vements of |) cious metals, but eleo on account of mercan' which appear to be very much on the increase, as they necearariiy must be as the didiculty of o’tatatny dive suave inoreates The positimef the Bank ef Englund is most unfortumatay very madequate fo net any undie demand upon that jhe present moment. Ite reserve orem, unices \t bas sold stock largely, as no doubt it bas doxe, or will bave to do, must have been grectly reduced this and Inet week; and to mavew Ge day) the peyment of the diri- ends commence?, aod must eresearily temporarily re duce ‘he stodk sti] move, The motes, however, thus drawn out, q ickly tind tho'r way back again in ordinary umes, snd the redscwon ia tho siook of bullion which ac comparies the psyment, large thovgh it bo x! all times, Will ikewiee tell upon tee vote circulation in both insae ona banking depariments, The question srises, will the bo vance of 13 per cent iu the price of money 1a the short space of four day ssuifice toar: crt the drei? We feo! persua- jed tbat itcnnnot, the sapporters of the Bank Obarter Act mee Hhermac! ves upon this power of the baak directors to fitter most unnecessarily bigh cba: zes for accommodation when merchants most want assietquoe, ans appeal to the ee a eee oe f cont we a perfect boon 10 the eommercial Do the lator cor sider itso? It 13 undoal true that the draia upoo the bark must be ots ud; |, amording to tho Bank Act, it must and can only be effected by raising the rato of oterount What we wan'—what the sountry wacts—is a eoonmy which euall prevent oat system of duauciel these inordinsie displacemests of money ing the entire fabmo of commercial stability mines the bavk mor the charier that pl ugaivet the villancc® principle of tbe act, toat endaagers tho whole fi jork Of mercantile s’edis and pros erty, Bo long as the bank Charter existe to lv present form, #9 lowg will the commerce trade of this country be sub j*cied to ite dangerous infuence If th» prosent ed van 1p the raic of ditconnt doos no\ arrest the drain upon the apk resources, the charge must be sgein pat np vnill it dees, In the meantime, what dangers thicken «oud wa? =Mercantiio confidence booumes weakened with the Cifliooky of ovtainiog accommodaiion, and houses sre obiiged to suspend yeyment, not from any porittve instability im themacives, bat merely from the impossibiny o: obtaining necessary aaistmoce. Other houses there ero of aeknowied ged weakuees, tha: must ia erttably fail sooner or |ater, #batover may de {he value of money; but tnose are exceptional caser. Une of ihe strongest a guments of the supportera of ibe Bank Aot, 1844, iD rapport of theie views ta !\2 favor ja, that tho geme- ral !mprovemeat im tye rootine uf con tucitng busine of Jats years, by ihe aubaiituiion cf cheques inewad of notes, renders any exteneina of /he note ciroulstion of the bank uneccestary, nowwiihstasdipg the invress> of our trade That ep Important economy bas Desa eTooie! 19 thie way, avd alo Dy means of the new arrangements of tae Cle Hense, is happily undeniable, but it does not, therefore, fuliow Wat sued a conree of impr vement dues away with the accersity of an exoansicn of the bant « circaiailng me din. Oa the contrary, it tostifos the roverse, ax ebowing tho expeaients to which traders are comp’ lied to resort to meet 60 ard irary & restriction on the currency. But the facw disclosed tm the last bank retarns. for money which prevails, a once o direct masuer the uierly vain and weak chara: f thie Loe of argument, for it is because they caanot pert Vai 't raises tne ouargo for dlecoams given to bank (0 Issue mors notes, when ‘hey sro fett to be wanied Tho Knowledge that they ould meet any bona fide drain tor leg timate bu elpers parpose?, would at Ouce relieve the padilc mind aw roliove tho prevent demazd. This was shown to bat case Ip » when the memorable goveramen lover that y V9 additions! p to the Dank to moot tl oriais, The rate of discount, which On the feat of Uowbor , und on the 284 of December atoad at 6 per cent. Sooner or later there muvt be some sliera ton In our currency laws; fight in support of them as reop'e may, (hey wil! Qaally prove inacequate to the re- quirements of the prosent day. {Vrom the London Tinos (City Artiov) Oct 14 The flsoteetions fn tho furds today (Toosday, Oot 18) id ead extemrire the marker eaknene at a fal @ quarter per cent from the Roney prtees there was wwlarquentiy @ bealibfal wre ceceme apparen' vipess. Conse for money, whird BT; to Me, Gret qovted Sis. No ever, were pressed at that and & grates! recovery tok place, ebich was ted by severa! purchases on the part of tbe public fhe range wae then between STi apd 87\ apt! noon, when the ment broker appeered as 8 er of £10,000 qaer bills on ‘nooount of the “Raking Fond, absro market was announced. India bonds 80s. t) 208. discount La exchequer bills section cocurred during the morning ! 1 | H e fi 5 . z i H i i : i 25 3 tH £77,777 tm the bands of the commisrionore Hien of the ational debi hae been inverted xchange toro was 90 oxteordinar per The courte of exchargs st New York cn Loaton, tor dill at aixty days’ sight le qaoted with a very wide rango, vary ng from a Wille at ove par to 166}4 por cant, tbe Ia tor being for Ores ciaen Whe oompered wish the Mint tar between tho two conntriae, this shows the xchange to be consideratly agasnst Pmgland . and at the highest qualion womld admu (J gold being tent from Enoland wuhout los, with @ proportionate prefis on the Inver vases. Tho quotation of gold at Parle le avout yo per mille pre: 25-26 per £1 On comparing there rates wit! Te. 10364. per ounce for s price of peare thet gold ie nearly 2 lothe per cont dearer in Pare br jard gold it ap 10 Loneon. By advices from Hamburg the priee of mark, apd tho short fering. Sandard gy fore about 6 l0the por cent cearer in Hamburg than in London. The fivel qvotati vn of tho French “hres per Cente on the Parle Bourse this orncing wae (6f 700 for both money and acount, showing a fel) of ao righia the Bank of France have to cay ralszod thelr rate of dir connt 0 Oy rer cent, Tt had #007 +t 646 ver cent ato» the 96th of Jone, and in the interval there has heen a fall ing off of £2,400,000, im their sock of bullion, althougn artt ficral purchases at a premium have been continued upon an {be measure 1esma to lave beoe antic! rae Bourse « Hamburg the rae of discount bas rt en te 8 per oon. 6 forcign excbenges {bie afiertoom tuore was & oon 20 In the ra’e neow Hamba-g. Ameen Jo tor oar for three mor ve bills) we: r a for ald ot @nleted to dny was gupplied by teal of About C80 660 From Kuen = The mail sleamer » bon Jef Souvaam ston yoato.day for the cape took out £106.00 te gold in the foude ed bY (ie antiaiva oy ent of Ihe rate 0” discount to 8 por jowever, tie not seem to share the alarm of the deal And .be courre of Durlaees graduaily arsumed compa. PRICE TWO CENTS. Fetive steadiness, The fact thet even st present qa%e- Wows »pecie remit’ances cannot be made from Kagland io tht United States at any material pri sit” supposing the turns to be furnished im the highest class of bills, allays the fears a3 to the prospect of any con‘inuous that couniry; While, wisn repard io [odie, 1s transpired that rome of he orders for cendivg ou! silver om the 20ib may fiom docbifal. Fae absence oj withdravals from the bank, am improvement in the foreign sechamges, and the arrwal of the Red Jacket from Melbourne, £964,000, lnkewise comtrbuted~ to the more Savoratle feeling The movemenms atopied by whe Bapk of Fravce, so far frm having am adverse 1, fuence, operated well oy lersening the ofe pass, whi-h could not fal) to react om London, rouget sbout by miumanagemrnt om that side other band, the annovncement of @ rather largo oommer- cial failure (Meare Aces, Mi chell & Uo ) and tho appre- heneiow of furtner s:milar events in the ae towns reverted «ny stroug relisoce that ao increase stringency !o the money markot oan be avoiied § The ex- tent of the sppiicadons at tae bank, which were aguia extraore inary, also operated to check \he tendency re covery, sitbough 6 large portion of these may possib) ve Originated {n the desire to provide against (be antic!- pated fwiher advance Oa the whole, however, the day be corstde-ed to have passed satisfactorily. To- row probab'y a better opp rtunity will exiet for forzo- ing © judgment esto the fainre The dividends then 6om- mence, and a largo #nccot of advances will have to be Topsia tothe bank The conse) settiement will also take place, and four days later nees fiom New York will perbaps be recolved at outhamptoa by the Ariel Atiatemest just olrcnints 1 that the Ladia hocse are ia ‘want of more money, and ihat ihe Benk bare notified to the government thelr ir abtitty to fornish it, ie whoily er- Tomoor The India comyamy at this monunt would be wil- lang to lend momey, the greater part of the recent credt opened « ‘he bon! being wamployed. For future wants they siiil bole Jarge reserve of stock and Exchequer bil's, and there is no reason to doubt that the expr vision beld out of ibeir tinencis! pesitioe being such ar fo en blo them to provide for ali wants until we meeting of Varta ment will be fuily realized Of course if she local go- verpmert were to announce tbe necsssity of & largo sum Of specie beirg sent to Calouste, an om rgeney # tbsp be prerented which + ould call for special ac tou; bat (> fs Believed thet no euch intimation has yes boum , and thet tm the abscnoo cf exceptional oir- cee of this kind, tire will be nothing to duiurp the calculations originally made The failure was anrovnce* this morning of the respee- tablo firm of Mecers R Mitchell & Oo geged in the Caradian trade apd Thetr liabilittes are catimated at abont £250,000, while {heir asseis wero reoenily valued at about, 0 The Gisnater !n attributed to b'lis baving been reta-ned uy them against We: Bot iat avetable, and — are ¢<gvessed of th> practioabiliy of ® resumstion. sprexed oironler was waned this Morning by the tol cites to the Orm:— 59 FRipay Stree, Spengeite Oct. 13. We regret to inform that M-mars toes, Miloheil A Uo, of Greanaus #reet, 'n hb bean compeiie! ic houses in bia coun'ry aod ayameni. Menrs Move, Mi tetell & Jo belleva'thatr suspension wii] be bt tempore? y, as weir inet balance sheet showed a lu-ge mur. bey havo. however, at the snggestion of their prinai- fan inves igation, of lon Chatieria, -f MU atrest in thie mit the resul vo the creditors at veerd for ms early day. We re Lak sFORD & MaRsDan. ities of tho firma whose enspeusion was so ed yenterday s' Glasgow ed to amonni to f £1 600,000, but this ts probably an exaggers- quence of the pame of M'Donald being mop {nthe perih, @ reqnest bas been mado that Ibe spect- ic title should be given of the house of tha! nime which Dasstonped, It!e Meeers 0. & J. M’Donald, sewed mus- lin menvfactures Among the other houses was ‘son & Co 1s appears thore 's no ‘There's ono of Godfrey, Pattison & Co, du: in there bag bren bo sto} The wi however, on- inated in Glasgow, the namo of Patioson, or Paiiiton, ring been elegraphed without reserve by persons of great reepectatiil:y in ibet cit to weir London correspon cept se railway market bay frctosted durtcg the day te sympathy with ine funds At the oponing the tendency was downwerd, bul sabsequostly a general tmprovemea; took place, which continued tilt 4 o’clock Graud Crank, of Canada egsin declined heavily. Grost Wextern, of Carnds, wan t's~ lower. American deo ipiions continue to be actively deals tp, aud @ further redue jon o2curred in Dinos Contra! A fair amovnt of bosiness tae deen dove ‘n mines. A geneva! fall wok place in jotnt stock Denke. Capade government b nds also declined. Im alecelianoous securitics the transectione were limited; the last prices, horeve ,cf Berlin Waterworks, Faroseaa and American Scam, and Penizsolar and Oriental, aho@ & reduction. QUOTATIONS POR AMERICAN RAILWAYS. Business ten. Railways. Closing Privs.| Dune. Liinol# Central 6 p. o A875...) 18 to “ 1 +] 78 to 39 to iw 80 to #0 to 98 to 60 55 to 206) N. York Cen. 6 p. 0 8.F. 1883,.] 78 to N.York 7 p.¢ com... 1864...) 85 to New York Cen. $100 ahares,./ 0 to Now York and E-le 34 mort,. TD Orveee sees ceeesee ABMS .| 68 tO N York & ErieS. F. do 1876..| 63 to N. Yors& Erie bds. con 1962. .| 43 to “ “ 1871..] 40 to N York & Erie $100 ebares...| 16 to Ow o8 = 85 to 87 - [18T ne [From the London Post, (city article,) Oct. 14.) Alltzough there bas been somewnat exciemert .n the area of apprenensto: an Ho far, the failures in tho metropolis have aot been #0 numerons as Was oxpe.ted from tho snverity with niy, Which bey must pave been pressed by the utter disor Disation cf trade om ihe other side of ihe Atianlic. One a Wade we are currying 00 is not taken Into stoount Dy ihe authors of the sci, Dot it Is only right t ey toat theevile cl the syetem are renerally in no email degree metioraved by the |iderai ity and care of |e admin! ‘ratore, 1) ie to be hoped, however, that the Dank rate wilt nos be raised farther, ‘The cos: England The Koglish funce opened with great heaviners in o-n et pence of the AnnoUNcemsnt of t16 fallores In Ciasgow and the rumors of otters ja tho N49 Contos the for she ‘all in prices began to make porchtese of the realization ef their profits, aud the mario: grado- ally rose to 87%, which was the quotation at the clone of the regular business. After houre the prom gation of ho ort hat the bank rao would be fariner ral et to- ‘an advance in the minim © of imtereet by toe Bank of F/an0s to OM per ; ain produced gales, and iho final q..ctelioa was Avous 8734 10 Me. ‘Tho stop that bas been taken to moot the cess by ihe New York banks bas been io |norease their diecown) by 3 ter Cent, which, it i+ caloaiated, will throw about three Millions of dollars | so the ciroalacion 1: Is sinted that thee meassves are likely to aify d oon- siderable relic’, \e rot anticipated tami sh» beaks with f> resume apeote payment for at lone! The sven ac opted by the Amorinan Decks proved of a8 a desperate romety, bat it teriy impoeei=le that tovald be carried ont avccestfolly here, warmer s# the beokruptey law: wor frove fetal 10 Re ztempt. Tt eamact 0@ Counted th veroial integ: larity, and veo that erould neve hy any porninie mons, AL tne latest dates - wel to have been cummed urtority ty the f pul-e v4 Nilat th perp ced Na re rateet ya orisia, rama # matior of Course, We tegera ng ont of an sdvormal sete of peor’ that the eo.rso adovted by the foned by law i# aot cane. Au ‘ctl ob of telf prete ration may o-