The New York Herald Newspaper, November 14, 1857, Page 2

2 eo NEW YORK HERALD, SATORDAY, NOVEMBER 14, 1857. on quietly and that all oxcitoment had passed away. | result was perfectly natural. The inconvertible pa per of the bank» would vow ciroulate at a value in propor thon to the discretian with which it might be issued, and euppoming it to be kept within ctage timits, there ts mo rea hat it should fall much, if at all, below No qa ws entertained that: Legislature of New York wou (sanction the movement, and, the period of resump- tion ts contemplated to be the th 6t April. Im the inter val about £3,000,000 or £4,000,000 of golll may be expect ed from Californ‘a, and speculative shipments of specie tomy in loss. ‘The great danger on our ‘Money market during the past two or three weeks is therefore lightened. It is also believed that many failures that must have oceurred her if the present event had not taken place will be averted and that news may arrive by fuitare packets of the re ption of busiz f those among the New York firms whe solely by the inabi lity to sell produc We untoubted bills, ‘The Cunds opened this morning at a decline of an eighth, | the American intelligence being at first regarded as unfavorable; but subsequently there was a steady im Prowement, and late in the afternoon the statement of the capture of Delhi imparted great firmness. Consols for money Were first quoted 8845 to R85, whence they | receeded fo 88%. From this there was a gradual rise to 8X, and finally there were buyers ai $9. For the .0th | of November the last trausactions were at $93. Nume: ous purchases were made by the public, and the rate for loans on government’Rtcurities did not exceed five per | cent, Bank stock left off at 207 to 209; India bonds, 35s. | to 26s. discount, and Exchequer bills, 159. to 10s. discount, | At the bank to-day the demand for discount was exves- sive, and was chiefly from the leading mercantile firms. | ‘The cause consisted in the discount houses having cur- | tailed their operations as much ay possible until the ques: | tion was settled whether the bank would adopt a further | rise. In the afternoon money was abundantly offered on ghort loans. ‘The nsion was announced this afternoon of the firm of W. & H. Brand & Co.,a house formerly in the West | India trade, but during the last three or four years en- gaged in large American transactions. The stoppage is atiributed to the non-receipt of remittances from the United States. The amount of fiabilities has not been stated, but it is supposed to be rather considerable Annexed is the circular issued :— STREET, Oct. 28, 1887 that'in conaequenee y's American mail we pending our payments, fairs in the United of our correspondent funds, and it is im. Gertuewen: of the failure of remit ni are under the painful neces The disastrous condition of States is alone the canse of the tn. upon his . how. nit hope that the step we are compelled to take may yet emporat Tn the interim we have instructed Mr. George H. Jay, ae countant, of No, 10 Old Jewry Chambers, to prepare a slate ment of our affairs, which shill be submit you at early period W. & H. BRAND & CO. ‘The railway market has been affected by the depression in the funds, and a general decline has taken place. Ca- nadian descriptions also receded; Grand Trunk were marked as low as 874, but showed more firmness to- wards the close. The adverse nature of the news from America has exercised considerabie effect upon American | seourities, and a heavy fall took place in INinois Central and New York Ceniral, the shares of the former having been done at 10 discount | (From the London Times, (City Article) Oct. 28.} The quotation of goid at ! is 6 per mille premium, and the short ex on London is 25-30 per £1 ster. ling. On comparing t rates with the English mint | price of £3 17s. 103,¢. per ounce for standard gold, it ap- pears that gold is about 110th per cent dearer in Paris | than in London. By advices from Hamburg the prigg of gold is 423 per mark, and the short exchange on i is 18-434 per £1 sterling. Standard gold at the English Mmiat price is there- fore rather more than 2-l0ths per cent dearer in London than in Hamburg. ‘The quotation of the exchange at New York on London for bills at 60 days’ sight is about 102 per cent for first class paper, and below that for other descriptions. This is considerably below the mint par between the two coun- tries, and there is at present an atvantage in sending gold from this country as compared with drawing bills from America. ‘The funds have experienced considerable fluctuation to- day. Under the intiuence of the Indian news, and the more favorable view taken of tho Americanghank suspen- sions, they opened at a further improvement of nearly a quarter per cent., but a telegraphic announcement of the temporary stoppage of the Liverpool Borough Bank was then received, and a succession of sales, partly specu lative and partly on account of various establishments de- sirous of providing ample supplies against the possibility of an increased pressure, caused a continuous reaction. hang Consols for money, which ‘eft off yesterday at 89, were first quoted 894;'to 89%, whence they gradually declined to 88% for money, and 88% for the 10th of November, which were the last official prices. After regular hours the heaviness increased, aud there was a fresh fall of an eighth, There were no pold and the belizf is that t According to & pc dated just befor mandéd for the bes 108 to 110. The railway market opened at an advance, but after- rds relapsed, the depression continuing after rogular hours. At4 o'clock nearly all the larger descriptions of stocks were quoted at a decline of 5s. to 10s. In Canadian no material Variation occurred. Jn American securities there was a paygal recovery in New York Central. {From the London Times, Oct. 29.] ‘The one day Jater advices trom New York this (Wednes. day) morning fully confirm the anticipations expressed ndrawals from the bank to-day, hipments to America will cease. ript ofa letter from a leading firm, i of the Arabia, the rate de- Nis on England was at that moment Hy -storday regarding the effect of the bank suspensions. » new failures are announced. One or two of the most important houses that hud previously stopped had re: sumed business under an extension from their creditors. The rate of exchange on Engiand had advanced from 100 to 108, and in ali the principal speculative stocks there had been an average recovery of 10 percent. This re sult, moreover, had taken place before there haf been time 0 perfect in any way the arrangements neces. sary to the working of the new order of affairs. ‘The banks, for instance, could not make any general expansion, because they had not yet agreed as to the mode and proportion i which they would receive each other's notes. Specie was still required at the Clearit House for their respective balances at the end of eac day, and hence each wus afraid to put out notes lest the others should not do so to a similar extent. Practically, therefore, the only aid the merebants had yet received consisted in the relic: from increased pressure, and in the conviction that the restoration of mutual action among the several banks in all parts of the State would remove the paralysis which had rendered it impossible for remittances to be made or produce to be trans ported from one ceutre of business to another ‘The Metropolitan Bank, the third in the list as regards the amount of its deposits, and .two others of considerable magnitude had already vot ted that they would receive at par the notes of all the legitimately organized banks in the State, and « meeting was to be held on the evening after the departure of the present advices to bring about harmonious action in this respect. Upon that point being arranged, and a decision adopted as to the extent to which each bank should be permitted to expand its circulation, the transactions of commerce might be expected to return to their ordinary channels, and, as delay would be fraught with mischief, it may be axsamed that all parties would act with prompt The Fulton, therefore, will proba. bly bring intelt on Friday that the entire note Issues of the State of New York are again performing the func tions of corrency. This elfected, the exchange transac tiona with other States will simply depend upon the estimate entertained of the security of their individual banks, and of the period at which such of them as have suspended may be expected to resume specie payments. In the case of the Vennsylvauia bavks the discount seems at the leet date have been six per cent. These quotations will vary from day to day, but business will adapt iteolf to them with perfect ease and regularity. Throughout the Union, therefore, there wil complete facilities for the movement of mereban: 1d the settlement of accounts. On the question of the course of exchange between Europe and ally clear. When the New York been legalized as a tender, no for the purpose of exportation or ances frou: this «ide would there Supposing the paper issues of of America the view is © note cireviation shal! one will want gold, excep remit Lin joes b are State ¥ will be, within } requirements for carry ing ¢ country, this paper w —that to say, it would be taken for its equivalent 3 English sovereigns or Ame rican eagies $I, on the other bend, it should be imued in excess it would fall t 4 discount a& compared with gold or bills om London, and the result would be that English sovereigns anc gold generally would flow to this side. With the excess of paper taues prices would nominally advance, and importation of foreign goods be again stimulated. ‘The holder of gold would not pay it to | his neighbor, because he could legally discharge bis debt by bank notes, but would take it to a money ci who would give him in those notes a number of dollars perhaps equiralent to Zis. or more for every sover j This gold would then be sold by the moncy changer to per ving payments to make to Rogiand, and the process go Of UBL! the country had been thoroughly drained sone ite The idea that henceforth tuition can be | fitably sent to America 14 therefore mmply absurd. | 40 operation could not take piace up the inconvertible note circulation of New were tw stand at @ higher value than Gold itself, It is true that gold might be sentout by houses on (bis side to buy up bills drawn upon themselves, and to thoi being im discredit, had becon rently below par; but the method would be 1 & transaction of this kind, since they could onsivn houseof unquestioned stand k credit which would be just cunarquenily i& that, supps legalisung the emisting sus the fw of trallion with, in jond ogain ite natural | ving from Lond to New York, donde Aimmost all the Ame a to Inte o China are ih of ing all thy arrangements pension Wo le duly carried the course of @ month channel, and , inctrad (f will come from Now ¥ rican payments from Amer made throngh tL wiry California Lkowier « expende the uantiv, Ub United 8 Ts must ©” tee ere is com is from th thon of this condivon of anomalous. Pbr the present the return to a no tien well, be delayed by the enmmous amounts of Bnglch capital lately authorised to be drawn for at New Pork securities at their for inwestment in Americo ‘ elated prices; vut thie effect will merely temp rary, and it will tend, mor ly to revival of stability i currency at par vali here will boarding, and en now April will have difficulty in re whatever stock of bul pe requisite for th urn t Under these cir wil that the firme broken whe have previously on honest principles will and that the w//imate proepecte of creditors om thie side will prow far less gloomy (han has been recently apprehended. This wilt be o point to lest the honor of the American mer amt ile comm ms In Massachusetts th t bankruptey there are none in New York, and any bows spended ean casily force its eredi torso If the reeowery from the esumption of community will be propor y | fered large | ina great degree maintained. tionably strong, and, judging thus far from every commu nication received, there is not a «ing!c sign that an oppo Bite course is likely to be pursued. The failure of the ious with the Bank of Eagland for the support atthe Liveren Borongh Bank his caused, not by amy withdrawal on the partof the ‘of i, but from the refusal of the other Liverpool establisliments to the guarantees Finally agreed upon, the plea of these parties being that the tem porary stoppage of the bank has removed the chief in- ducement tor them to come forward. They are willing to give thelr notes as a collateral security to meet any deficit after the realization of the bank assets, but not to come under any more immediate and direct liability. The Bank of England, however, could not depart from the conditions first stipulated, which alone were legitimate. ‘The negotiations, therefore terminated, and, from the no- tice issued today by the Berongh Bank, it is to be infer red they are not likely to be renewed. "The disaster will prove inost serions, hut it will fall at the moment chietly on the depositors’ and ultimately on the stockhold- ers, since there can be little hope that ander a forced | ligdiiacon any great portion of the — capital of £1,000,000 can be saved. ‘The shock to the commer- | cial community will, it is beliewed, be much mitigated by | acourse whieh the Bank of England wit take far ‘that pur- pose. Orilinarily the bauk refuses to discount any paper | Rearing te endorsement. of a suspended establishment . | but it is understood Chat in the present case this rule wil | be waived,and that no bills of a sound character,endorsed by the Rorough Bank, will be rejected on that account. A great mass of paper will thus be rarer from becoming practically inconvertible. total mitments of the Borough Bank, in the shape of en- lorkements, &c., are rumored to amount to more £3,000,000, but a large portion is of an indirect charact and will be duly provided for by responsible iv. The deposits, which recently to £1,600,000, have laticrly been reduced, it is said, to about £1,000,000. Many of these having been lodged’ by persons for to sake of permanently securing a high rate of interest, the inconvenienee of their ‘temporarily unavailabie will be less felt than if they had belonged to traders in active business. itis affirmed that the investigation which must now take place into the affairs of the Liverpool Borough Bank will develope & most unsatisfactory system of manage- ment, and show that advances have been made to indi- viduals of amounts which could not fail in any period of pressure to lead to fatal consequences. The last report of the bank announced a reduction of the rate of dividend from 7 per cent to 5, in consequence of the winding up of the affairs of 1854 (rendered memorable by the failure of Mr. Oliver and others), but added that the business of the bank was unimpaired, and that certain changes about to be made in its policy and regulations would prevent simi- lar losses for the future. In the published accounts from Manchester this mornil it is remarked that a bank at Glasgow is said to have suf- y, “and will have to wipe off nearly half a million of money in bad debts.’’ enormous losses have been sustained in that, quarter, through the reck- less discount of a mass of accommodation paper, has been known for some weeks past; but it is now stated, appa- rently with confidence, that the institution in question will be furnished with all requisite aid by other and more solid establishments to carry it I its engage ments. The belief, however, is thatan ultimate winding up is among the conditions on which this assistance has been agreed to, With regard to the final safety of the noteholders and depositors, there could not have been the smallest doubt, even if help had been totally withheld, sinegethe individual wealth of the proprietary is esti- matéd at not less than £6,000,000 or £6,000,000. The Hudderstield letters state the suspension of Messrs. Thornton, Huggins, Ward & Co., of that place and Man- chester, with liabilities for £500,000 in the American trade. Several other American houses would be severely tried, but it was expected they would get through: and there seems a general disposition on tho part of all strong establishments to et confidence and to assist those who have been unexpectedly struck by the New York crisis. At Manchester Messre. Charles Smith & Co., in the muslin trade, are stated to have been brought down in connexion with the difficulties in Glasgow. The financial details from India to-day are not unsatis- factory. At Bombay the import markets had become ac- tive at higher prices, and there was a better demand for government securities. At Calcutta some persons seemed tw anticipate that the fall of Delhi would, in less than a mouth, be followed by an extraordinary recovery in all departments of business, but the dissatisfaction felt at the political conduct of the government is described to be uni- versal. It is stated that the sum borrowed by the India House to provide for the silver remittances about to be made to Calcutta is £750,000, of which £500,000 has been obtained from the London and Westminster Bank, and £260,000 from another bank. A further sum of £250,000 is intend- edto be raised. The loans, it is said, are upon India =the proposition accepted ‘by a meeti pri acce} ya ing of creditors of Messrs. Ross, Mitchell & Co., on the ade in London, has — agreed to ata meeting held at Glasgow last Mon- y. The railway market has been buoyant, and in most of the speculative descriptions an advance has taken place. Canadian shares were higher, and Indian continue firm at the late improvement. In French there was litte change; Northern of France slightly advanced, and Paris an Lyons were in demand for the settlement of the account. American securities were inactive; a further recovery took place in New York Central. {From the London Times (ory Article) Oct. 30.) This has been a quiet and satisfactory day in most de- partinents of business, and an improved feeling is gene- rally observable. The funds opeved ‘at the closing prices of last evening, and experienced an a@wance, which was ‘Phe frst transactions in consols were at 885, to 88%, at which they remained till about the middle of the day, when @ continued demand for stock on the part of the public caused a rise to 8934. From this there was a partial reaction, and the concluding prices were 887; to 89 for money, and 89 to 893¢ for the ‘10th of November. In the Stock Exchange, owing to the purchases for in- vestment, money was abundant on government securi- es at from 4to 5 percent. In the discount market and at the Bank of England there was a ful! demand. ‘The final prices of the French 3 per cents on the Paris Bourse this evening were 67f. 5c. money and 67f. for the end of the month, showing an improvement of a quarter per cent. About £25,000 in gold was withdrawn from the Bank to-day for exportation. Russian gold to the amount of £42,000 arrived to-day, and bas been sold for exportation to the Continent. A further sum of £84,000 is expected. that the new been considerably £270,000 had been subscribed in Presidency to government loan, and that the total would have larger but for the fact that about £300,000 in silver and gold had been to Cal- cutta, chiefly by native merchants, in uence of the low of securities in that market. bullion in the of Bengal had experienced a further reduction of £190,000; but these consignments from Bombay, toge- ther with the gold to arrive from China and England, would be likely im a short time to produce a great im- provement The announcement made yesterday that the Western Bank of Scotland at Glasgow, would receive full aid to moet any diffiulties that might arise from the recent fail- ures i that city and America has been formally confirm- ed. This is the most satisfactory circumstance that could have transpired at the moment, since the question. has been one of the chief subjects of anxiety during tho past few weeks. The deposits of the bank are reported to amount to about £6,000,000, and in addition to the head office at Glasgow, it has about 100 brauches and sub. branches. It is said that one of the conditions on which thie arrangement bas been undertaken is that the estab- viet ‘shal uitimately be wound as All expectation of @ resumption © Liverpool Borough Bank seems to be at an tad, bus the liver pool letters this morning ~~ confidence that no other banking difficulties any importance will arise. According to some accounts, the Borough Bank contemplate that an examination of their assots should be le i Gy of the leading shareboiders, and that if the result s! Be satisfactory as far as regards the ultimate sufficiency of the assets to mect all liabilites, promissory notes should be issued to their depositors, so as to mitigate as far as possible the invonvenience to png geen by —e them with documenta which may be m 4 he amount of specie for the Fast by the mail steamer | of the 4th of next month is not excepted to exceed £900,000. The Seotch papers announce the suspension of Mr. James Condie, writer, which took place at Perth on Friday last; the liabilities are estimated at £180,000, and {ts feared the assets will realize only 2s. 6d. in the id Mr. John Bright, lately chairman of the Hull Flax and Cotton Mills Company, was yesterday committed w take his trial for forgery. At the Court of Bankruptey to-day evidence was given in support of the serious charge against Mr. Samuel Adams, the bankrupt banker of Ware and Hertford, of concealed a sum of The railway market has been steady, and closes gene rally without alteration. American securities left off with more formness; lilunois Central shares were in as low as 11 discount, but afterwards recovered; New Fork Central were also better. (From the London News (City Article) Oct. 30.) There bas been a steady demand for American securi- ties during the past week. Transactions have been active in Illinois shares ata dectine, the lowest point touched being 11 discount. Construction bowds declined to 70. We note moderate transaction’ in New York Central bonds ‘and shares at previous raves, and in Erie shares and third mortgage bonds. Atthe close the market has received some strength from the improved accounts received from New York by the City of Washington. Tilinoie shares have been done at 9 au 1 discount; construction bonds at 72. The following quotation: are 4s. 6d. to the dollar -— } Bid. — Asked. Belvidere Delaware, 6 per cent, Ist m'tge, convertible 1877 4 by Camden and Am| . cece cece, me OB Mint. Cincinnati, & Dayton, 7 per cent 2a mortgage, 1880, — Oe int Detroit & Milwaukie, 7 per cent lst m'tge convertible bonds, 1875 55 Detrot and Milwaukie, Great Westero of Canada arrangement . 68 Illinois Central 7 per cent, construction, "76 71 78 Lo. 6 per cent, construction, payable in London, at 4s, 2d. per dollar of @ 7 per cont Freeland, 1860, with option, Oper cont Mares... eee cece cece BH RD No. $100 shares, $30 pal : . 10 Odi. Joliet and Northern Indiana ® per cent, Ist mtg. 1874, guaranteed by Michigan Cen. J ntral jointly... , 80 8 Central 8 per ot. convertible 60, 76 80 : 80 eigebss 4 50 rn Indiana 7 por : 58 62 100 1 20 nt 4d mortgage - 2 65 Do. 7 per cent sinking fund, 1975 .% $100 . oh 2 per cent, convert. 1864 85 = 90 king fund, 1883 “u Do. sharer 65 0 Penneyiyania 6 per cent Ist mtg., convert! ble 1880 ag 88 Do. 24 mtg. , sterling wetibie Wats % sfere. Do. shares, $60 6 It is said that the Bombay advices 7 reoures state | millions in | ‘The position of the market for American Securities is thus,noticed by Messrs. D. Bell, Son & Co.:—The demand for American Securities continues, and the mariet shows every symptom of # general impro Government U.S. 6 per cent, 1867, 1868, U. 5. 6 per cent bonds, 1868... State Securitics. Alabama 6 per coms... ..cee.. Maryland 5 per cent State bonds. Maskachusetts 5 per cent State bonds, Pennsylvania 5 per cent stock ,, Pennsy!vania per cent bonds, Virgivin 6 per cent bonds, , suse Virginia 5 per cent sterling “bonds... GOODLIFYE & SMART'S CIRCULAR. Loxpon, Oct, 29, 1857. Bad as were our anticipations of the prospects of trade at the date of our last report, we regret to say the course of events has proved even worse than could have been foreseen. disastrous state of things in America is being severely felt here, and though we are happy to say as yet few im t failures have taken place, yet great uneasiness exists, and the general object seems to be to limit and not to extend 4 operations are necessarily most circumacribed, and if we exclude the continued requirements for shipment of coal to the Kast Indies, we might say without exaggeration that the Present moment is one of almost unexampled depression for sl x The severity of the present monetary crisis is felt, per- haps, more acutely io the Mediterranean and Black Sea trades than in most others, from the number of vessels 1 Sauzel usually finding occupation in this quarter. Low asfreights now «:c we have found it most difficult to conclude busi- ness. It would have been useless to have further reduced Tates as it is the absence of demand that is experienced. STOLTERFOHT, FROST AND CO.’S CIRCULAR. The week has been ve of various interesting events. Advices from New York tothe 15th instant dis- lied the fear that further shipments of bullion would fore to be made to the United States; this and the fall of Delhi (which was learned with the utimost satisfaction) gave a more cheerful tone to our community; but it was soon counteracted by the suspension of the Borough Bank, with a paid up capital of a million and deposits to the like amount. After & protracted and apxious suspense during the negotiations with the Bank of Kngland for assistance, it appears now to be a final stoppage, and the inconve- nience to many parties will be of the most serious nature. Several failures have already occurred and others appear tobe unavoidable. A bank in Scotland is also reported to ‘be in trouble; but i is positively asserted that that insti- tution has been assisted. The money market in London has improved upon the American and East Indian advices, but the produce markets have become extremely inac- tive. The rate of 8 per cent discounts begins to weigh heavily upon these, which have become very sensitive at the present high prices, and holders of are anxious to make sales, even at considerable sacrifices, without finding buyers. THE CRISIS IN FRANCE. ‘The Paris letters mention that the idea of a suspension of specie payments by the Bank of France finds numerous influential advocates, who are determined to urge it strongly, in preference to an unlimited rise in the rate of discount, should affairs get worse, The question is alle; even to have been discussed at a sitting of the bank. Ex- ‘as a remedy for internal and uncontrollable panic, when itis demanded as a temporary protection for the majority against the minority, the step would be one of each. flagrant dishonesty that it may be boped it will be sum- marily discarded. The government, it is said, are deter- mined not to sanction it. At present, so far from there being any serious pressure, the best paper can be nego- tiated at'a half per cent below the bank rate of 734 per cent. The movement on the subject, therefore, may ob- ‘viously be attributed to the hopes of ignorant speculators on the Bourse. Paris, Oct. 29—2 P. M.—There has been steadiness in rente and other securities, speculators hoping that the Bank ef England would reduce its rate of interest before the end of next week. Threes have been done at from 66f. 80c. to 66f. 90c.; Mobilier, 775f. to 790f.; Austrian, 670f, to 672f. 50c.; Orleans, 1,295f. to 1,305f.; Lyons, 830f. to 835f.; Northern, 870f. to 875f.; Southern’ in great de- mand at 537f. 50. to 5421. 0c. HaLr-Past —The market continued firm to the close, when the following were the last quotations: 90 Credit Foncier Slllas is Univers, Oct. 26.] * : * Capitalists enslave governments. Thanks to this state of things fifty individuals are masters of the eight or ten milliards of money which feed the industry and the com- merce of the world. And if the debts of the different States be added together jt will be seen that their annual interest equals the mass of capital in circulation. The science of finances has ag ser and the people, if care be not taken, will soon be penniless. This is humiliating; but it is in conformity with the principles of our econo- mists. Have they not decided that the people has hence- forth no need of either gold or silver? Silver is flowing away to the Indians and the , who are but little versed in political economy, while goid follows the same road. The old balance of trade prevented all these crises; bat it was founded on doctrines which are not now ad- mitted. All that is now changed. Paris (Oct. 26) Correspondence of the London Post. There & nei the slightest foundrtion for the rumor there was any intention to adopt a forced circulation of bank notes. ‘The situation of the Bank of France continues to be sat- isfactory ; it indicates clearly that France has kept out of the influence of the crisis. Thanks to the measures of pre caution that had been , the treasury of the bank held 205,000 ,000f on Saturday evening, and the issue of wank notes had diminished by several millions. cided on requesting the government that the rato of Som: on req! ato of com- ‘mercial interest may be placed more in harmony with the present rate of discount of the Bank of France. {Paris (Oct. 24) correspondence of the London Post.} As might be expected, we have had another gloomy week at the Bourse, and low as quotations wero six days | since, a further decline has taken place in railway shares and all sorts of securities. Ai the rate of discount 1s higher than was ever known in , still we havo | not a drain of the metals. In September 343 millions in silver left the country, together with 32 id. It is declared the return of the present month will be much greater; so that France may be ex- to continue to buy largely atthe London market some time to come. These lato ¢: from France have anty found their way to Germany. A ‘ing house, known to have considera- fhoes to ks up the public credit at Vienna. ith all this Austria pe ak ith a bankruptcy more complete than she MB ever vet experionced. Upon the whole, France appears to be sailing through this stormy period theaks to careful navigation—quite as well as could be hoped, considering the amount of sail she carried when the crisis com We have no failures to record at present, and it is the opinion of those who ought to know, that the extreme caution which pre- vails at the Bank of France, as woll as olsewhore, will prevent disasters. The Crédit Mobilier is certainly not des- tined to recover its oll reputation, and sticks at 786. Th is very little doing in Paris—never less in modern times, Government has suppressed the smal! bourse, by clearin, the Boule of the gambling agents who did so muc! itimate at night. The public must now go to the regu- 1m brokers, which will have the effect of checking a —— of business which so many have reason to re- pent of. THE CONTINENT. THR PRESSURE IN AUSTRIA AND ITALY. [Vienna (Oct. 20) dence of Times.) Yesterday the intelligence of the failure of the house of Balabio, of Milan, reac! this city. The liabilities of the bankrupt are said to be about 9,000,000! ire (£300,000), and it is much feared that the creditors wil! suffer avery heavy loss. M. Balabio has recently done a great deal in Lombardo Vevetian railroad shares, and is <aid to have made “time ns’ to an immense amount. The fall in the price of silk also contributed to the downfall of a house which for some time has heen aj Years ago, when the firm was Baiahio & Co., there @ore ugly re- ports in circulation, but M. Bessano, one of the partners, made a great pecuniary sacrifice, and consequently there ‘was no stoppage. After having saved the honor of the firm M. Bessano withdrew from it. The firm of Englander &Sons, in Pesth, which was the house that played at “Kite flying” with Boskovitz & Co.. hae offered to pa itacreditors Ya fall after the affairs of Borkovite are definitively settled. Mesers. Englander wil) then pay 60 cent in six, 26 per cent in nine, and the remaining 26 per cent in twelve months. Another Pesth house of im) sus led ita payments, and within the jast cight and-forty re about half a dozen stall Orms have dove so here. [Torin ag 21) Correspondence of London Times. A letter: Milan of the 19th, published in the ph on AT ‘one of the princi ing and commercial houses in that city. throwa discoursgement. ua the. pisce.”f say iseviabie, mt on the say imevitabie. Decne for the fast two miata has been ee and enapension yment was expected since the end of Seplember, and woulda ocurred if the bouge of Roths child had not effectnally au; rd them But, although ant , the news has made a great and sad sensation,the firm being one of the most re- apected here, and one which enjoyed a credit as solid as it was extended. Its difficulties were caused especially by specuiation in shares. It had done ali ip Lombardo Veneto railway shares, expecting a rise, which is more than ever remote now, and is bas caused an irre- parable fall in a for the mt atallevents. These shares are very plenty on at present, but with ‘out purchases, and further failures are feared both on ac- count of the silk trade and of the difficulty of discount. Good prper is not discounted at less than 9 per cent, and bills on silk go to12 percent, The state of the money market at Vienna and in Bohemia, where failures are ra platy taking place, in felt here,’ and biame the , which, ata critical moment, re to discount, and has caused a derangement in the financial world that will not easily be settled. [Vienna (Oct. 23) Correspondence of the London Times PT a ay eae | ,000) , are 182,000f1.; 4 to minors; and were by ward, who was their tutor, The claim of Wertheimstains Sone on the es. tate of the bankrupt is 150.0008.. but the house is ex: tremely rich, and consequently ie not likely to be incon. venienced by the loss. The broker Lichienstein, loses 97,0008, the banker Lowenthal 56,000f., M. 'Sohey 30,00081.; M. Lindheitm, one of the founders of the Vienna- Lina Raliroad, 20,000f1.; Messrs. Rothschild, Murman, Lammel, and Wodianner escape with a lose of but 10.0008 each, but several other persons bave lost their all by the ci dewavt member of the Board of the Credit Bank. Th only Vienna firm which is likely to lose much by Balabio, of Milan, is Baron Sina. When in Paris, a few weeks since, the Italian asked the Vienna banker to direct his house ” him credit t & certain amount. The request waa granted, and the Vienna Cronsus js now in possession of Baiabio's bills to the amount of 86 600081, A few months ago the house of Rotherhild did a great deal of business with Balabio in Lombardo Venetian railroads, bat it_ is said to with a loss of no more than £600. The Italian banker was the correspondent and agent of the creat St Peteraburg house of Stieglitz A lettor of the 26th alt. from Vienna says: —Three day ago M. Bearzi, a wholesale dealer in drugs, failed for | eum of £50,000, and several emailer houses suspended yesterday. | br (ox. m4) poner ‘of London Nows.] | Qu x om s om munity has berne well under the severe pressure to which it Bee ox: posed ; but to accomplish this heavy have been made, which will go far to diminish profits which many had considered were already secured. The intimation of the further advance of the rate of discount to eight per cent by the Bank of England had at first somewhat of a stunning effect; but when people began to recover from Pat grapple wi emergenc: provi 12 mest immediate cies ements, the demand for mont sul |. Ibmay now , pe aald to becomparstively easy, although ia such. times there are still persons who centiaue to feel the difficulty of their situation, which ® even enhanced from ‘the hands of so many buyers having been already filled with that have been disposed of | to ide money, that they cannot conveniently purc! more, ever tempting the Jere aged ere tobe at which they are offered. Cof- fee and some other articles which can in general be 80 promptly placed that they have hitherto been almost re- garded as equivalent to cash, are no longer 80 easily made available; and while discounts ‘be quoted 9 to 93¢ per cent, pany , if their bei d to counteract their object. The effects of a hig! of discount are, perhaps, more severely feit here than elsewhere, because le have been less accustomed to itthan they are in other places. Until the time of the Russian war, when an unusual demand naturally increased its yalue, money, on the a) Lie ‘was even cheaper than nLondon. A careful ‘sis of the rates in these re- pective cities for the five years, 1851-1855, gives the fol- lowing result:— At Bank of Rate of discount. At Hamburg. a are 2 per cent and under for . 345 days. for 265 days. wg to 3 per cont 830 ** “« oo « M4 to 4 per cent 368 me Oe £4 to 6 per cent 184 “© 626 Above 6 per cent . o« « ima. * Five years or 1,826 days. 1,826 days. ‘The greater number of days at a low rate having invaria- bly prevailed at Hamburg, while, as the rate advanced, it was London as boyd that obtained the majority. It was this which secured for Hamburg so large a share of the ‘banking business of the northern states of Europe, for it is the source from which Denmark, Sweden and Norway chiefly, and Russia likewise to some extent, obtain what they ‘require of the precious metals, which would never have been the case unless it had been found to be for their advantage; but it is not at all unlike; that under present circumstances, tho high rate to whicl the value of money has now been forced here by the poagagrt proceedings of the Bank of beg ered may even- tually divert that business which has latterly been so much on the increase with us into another channel, from which London will then probably derive the advantage. It will be essential that both here and in London atten- tion should be immediately and closely directed to the ac- tion of the Prussian government as to their refusal to re- cognise the paper money of the various German provincial banks in the receipt of duties and otherwise after the Ist of January next. Much anxiety on this subject is felt hout Germany ,and hopes are entertained that some modification of the contemplated restriction will be ar- ranged at a conference of the different States connected with zollverein, which Spas to be held next month. If this expectation should not be realised, the de- mand for specie to supply the paper money which will then be displaced will tend ly to aggravate existing difficulties, against which it will be wise to be prepared. A PRUSSIAN RAILROAD LOAN. is (Oot. 25) Correspondence of the e loan of eight million thalers voted by Chambers for the construction of new railroads will be raised by an issue of bonds of 100, 200, 600 and 1,000 thalers, at 43¢ per cent, payable in A) is unnecessary to add that great ri juction of money must take place this loan any success. im the value can aspire to COMMERCIAL FAILURES. ‘The house of Balabio & Co., of Milan, had failed, with Habilities estimated at £300,000 sterling. ‘Tho Liverpool imes of the 81st of October has the fol- lowing:—Ata meeting of the creditors of Mesers. Ross, Mitchell & Co., held at Glasgow, the proposal approved at the London meeting has been to, and there is every expectation that it will be out. Suspension is announced of the firm of W. & H. Brand & Co., a house formerly in the West India trade, but during the last three or four years engaged in large . The stoppage is attributed to non-receipt of remittances from the United States. Tho amount of liabilities has not been stated, but it is supposed to be rather considerable. Tho Belfast, Ireland, U2derman, of 26th ult., says:— Two large morchants ‘in Bolfast—a ship owner and ma- nufacturer—bave been obliged to call a meeting of their creditors. The liabilities of one we understand to be between £40,000 and £50,000. ‘At Hamburg, Messrs. Windhof and Pieper, a house con- nected with the and Russian trades, have stopped , but their habilities are not expected to prove very considerable. ‘The financial details from India are not unsatisfactory. At Bombay the imy markets had become active at higher prices, and was a better demand for govern- ment securities. At Calcutta some persons seemed to an- ely that the fall of Delhi would, in less than a month, be followed by an extraordinary recovery in all depart: ments of , but the dissatisfaction felt at the po- oe Na ne the government is described to be uni- versal. Huddersfield letters state that the suspension of Messrs. Thornton, Huggins, Ward & Co.,of that place and Man- chester, with liabilities for £500,000,in the American trade. Several other American would be severely = it was: Oo meth Shag eg Pope pope me re seems a onthe part strong establishments to encour confidence, and to assist those who have been unexpectedly strack by the New York crisis. At Manchester, Messrs. Charics Smith & Oo., in the muslin trade, are stated to have been brought down in connection with the difficulties in Glasgow. THE SUSPENSION OF MESSRS. THORNTON, HUGGINS, AND COMPANY. {From the Manchester Examiner, Oct. 31.) A mesting took place to-day, which did not break up until a late hour, of the creditors of Messrs. Thornton, Huggins, Ward & Co., American merchants. A state- ment was submitted, made up by Mr. Paine, accountant, which we give below, ‘a surplus in favor of the estate of £41,206 15s. 6d. This statement had been pre- viously examined by a committee of creditors aprinton at a former meotimg, who, after taking off doubtful and bad debts, and all of stock, reduced the Liabilities to £164,000, and the assets to £132,000, thus showing a deficit of £22,000. After a lengthened discus. sion, a composition of 168. im the pound was agreed to, payable by equal instalments, iv six, twelve, and eighteen pti emer We to gnenin bye the i ing meeting was unanimously one the firm which had “#0 suddenly hy pr pn ag pend by the financial crisis in the United States; and, as it ‘was impossible accurately to estimate the loss that might be sustained, the agreed to accept the above pro: position, leaving it to the honor of the firm to pay more, if thoy should afterwards find themselves in @ condition to do eo. The following are the resolutions which were passed by the meeting 1. That the holders of all bills bearing the endorsement of Messrs. Thornton, Hugging & Co., be requested to ac. cept such terms as the remainder of the creditors are willing to accept; and in the event of such consent being obtained, this meeting is of opinion that the concern can Lest be ‘liquidated by Messrs. Thornton, Huggins & Co., themseives, permission being to three of the creditors to inspect the affairs of the concern at any time 2. That the committee appointed to inspect the affairs of Mesara. Thornton, &Co., having reported that, though the condition of the concern is dependent upon the receipt of further news from America, which may realize ‘a good surplus after payment of 20s. in the pound, yet ihis meeting the proposition to pay 16s. in the pound, in six, twelve and eighteen months, leaving it entirely to the honor of the firm to pay the remauming 6s. at any future time, if ever the condition of affairs should enable them to do +0. Dr £ ad. Or. £ ad. Amount owing ‘Debtors ...... 61,986 8 1 to creditors of ‘Stock on hand.112,164 1 2 and up- Goods in wards,.....1 U. States... 2,130 9 3 Amount owing Warehonse. to creditors office furni under ture........ 24717 9 6 each....... 121212 5 Billsonhand.. 3,660 0 0 Bille to be re- Cash... oor i2 3 turned....,, 63433 9 2 Thornton, Ew- ———— me Co. Total..... 172878 14 9 Bel bees Liabilities on trade bille,.300,482 6 1 Total....... THE VERY LATEST. TRERGRAPHIO FROM LONDON TO LIVERPOOL. Lowpon, Saturday, Oot. 31, 1867, {From the London Times City Article.) The funds to-day have been exceedingly firm and have closed at an advance of 3 per cent, under the influence of the advices from New York by the Fulton, which con. firmed the anticipations entertained of the effect of the bank suspensions. In addition to the investments, the closing of several accounts by operators who had been specniating for a fall, contributed to strengthon the market. According to «ome estimation the public during the present month, owing to consols being 90, have absorbed stock to an aggregate amount of between three and four million pounds. In the foreign exchanges this afternoon the rates were generally the same as last post. The West Indian and Mexican steamer was reported this afternoon with $999,000 in specie. The Times (City Article) announces in London the sus pension of John Haley & Co., in the New York and Canada trade, and Messrs. J. Jaffray & Co., of Great St. Helens, ship and insurance brokers. The non-receipt of remittances from America has in each case been the cause of difficulty. The liabilities of Moser. Haley are stated at £60,000, and a favorable liqui dation is anticipated In the city yesterday three suspensions were announced from Liverpool. J. 8. DeWolf, shipowners, Gould & Davies, wine merchants and ship chandlers, and Robert Movrow, Son & Garbutt, timber merchants. ‘The liabilities of De Wolf & Co. are, it is feared, con siderable. {From the London News City Artiele.| Fripay Evasine. The funds wore remarkable throughout the day. Prices continue to advance steadily, and the market closed at the best point, which represents a rine of about %% per cont. It is considered that the banking difficulties recently an nounced have even tended to increase the desire of the public for English government securities. In the discount market little actual relief is yet observable, but the cont dence of the public encourages a hope that the period of extreme monetary depression has now beon passed. Tn Lombard street the demand for money was active, ant at the: Bank of England the applications were of an un- uaually extensive scale. In exceptional cases transact:ons take place a fraction below the bank minimum, but in the regular market the current rates are rather above than below those of the bank. Many classes of American Rail way securities were again inquired for to-day. A large amount of business was done ia the securities of the Lli- nois Central Company, the shares have improved to 834 to 7} discount. THR FRENCH MONEY MARKET. The official statement with regard to the French finances thas not had any influence on the Bourse. The final quota- tions of the 3 per cents last evening was 67f. 10c. mo. ney, and 66f. 95c. for the present account, showing no alteration. The money market was without groat proi- sure, and the payments at tho end of the month will, it is said, be well met. It is stated in the Times (City Article) that the bullion in of France has steadily maintained; but the total being only £8,200,000, shows a reduction of £800,000 since the date of the last returns, WESTERN BANE OF SCOTLAND AND THE BOROUGH BANK OF LIVERPOOL. ‘The following statements appear in the Times City Arti- | cle:—It is officially stated that the assistance granted to the Western Bank of Scotland by the other Scotch banks does not involve a condition that that establishment shall be wound up. It has an excellent business and a wealthy proprietory, and under a thorough reform of manage- ment now institated is likely, in the opinion of many well | informed persons, apart from those who are interested in its fate, to gain a position of perfect solidity. Letters from Liverpool explain that the failure of negotiations for the ief of the Borough Bank was caused, not by the withdraw- relic al of anv of the Liverpool banka from their offer to give guarantees, but from a difference of view between them- selves and the Bank of England when the precise terms of those guarantees came to be discussed. SPECIE MOVEMENT BETWEEN THE UNITED STATES AND ENGLAND. Although the Fulton, from New York, has brought £10,000 for London, it appears that some amount, perhaps to the extent of £150,000, chiefly in sovereigns, will be despatched from Liverpool by the Arabia. Anomalous movements of this kind may be expected during the next week or two, and they show the total derangement of al! the usual modes of action. As the Times City Article ex- plains, gold is sent from New York because persons are afraid of buying bills on houses of this side; and it is sent hence because persons making investments or having payments to effect are aware of this gefleral distrust. PROMPT PUBLICATION OF THE BANK RETURNS. It is officially announced that the Treasury has made ar- rangements for the more prompt publication of the week- ly returns of the Bank of England. The day of their ap- pearance in the Gazette will be Friday, as usual, but they will be made up to the preceding Wednesday night. The first publication under the new method will be in the ot Ny Friday next, which will contain the accounts up to the 4th. News from China. A UNITED STATES SHIP SAILS FOR JAPAN—MOVE- MENTS OF OTHER WAR VESSELS—BLOCKADE OF THE CANTON RIVER MAINTAINED—WAR ON A LARGE SCALE BXPECTED—PRESUMED POLICY OF THE EM- PEROR—RUSSIAN AGENTS IN PEKIN—MONEY AND TEA MARKETS. We have advices from China dated at Shanghae Ist and Hong Kong 10th of September. ‘The United States sloop-of war Portsmouth left Shang- hae for Japan on the 26th of August. The sloop-of-war Levant remained at Hong Kong and the steamer San Ja- cinto at Shanghae. The American ship North Wind, bound from Foo-chow to London with teas, had put into Hong Kong dismasted. The blockade of ihe Canton river was strictly main- tained. ‘According to the Pekin Gozette the policy of Yeh, at Canton, had met with the approval of the Imperial gov- ernment. The Russian war steamer America had arrived at Shang- hae from the Amoor with a Russian Admiral on board, | who, it is said, was on a diplomatic mission. A French steamer and a gunboat had led to the Gulf of Tonguin, in consequence of the ill treatment that | some of the missionaries had met with in Cochin The court martial on the officers of the lost English sthamer Transit resulted in the captain and master being severely reprimanded. A letier from Hong Kong to the London Times says:—A short time since the Foo-Chow authorities agreed to take Mexican dollars, at two per cent discount, in payment for duties. They now object to receive them, except at mar- ket value. The papers of American vessels are given up on proof that Mexican dollars nave been tendered im pay- ment of the duties. The British Consul requires that the authorities be satisfied. This difference gives a preference to American vessels. Lord Figin was expected back at Hong Kong by the end of September, and, says the correspondent of the Lou don Mews, about the same time we look for the advent of the Hon. Mr. Reed States, and Baron Gros from France, when the three diplomatists will probably make a fair start for Pekin. It is said that the Emperor hag intimated by the vermillion pencil that he knows what is going on; that he will not re- ceive any embassy, and will leave the barbarians to do their best or worst. China. ‘The same correspondent predicts a war in China on a large scale, abd jntimates thatseveral Russian officers had arrived at Pekin under pretext of being en route for the moor settlement. ; long Kong sterling exchange was quoted at 4. 934. ade. 10d." There had “been a fur inquiry for ioe: — continued abundant. Rice bad declined mate rially. At Shanghae the arrivals of tea were small, and prices had advanced 2a 3 taels per picul. Silk unchanged. Rice dull and tower. Exchange on England, 6s. 8d. a 6s. Od. Tonnage abundant. The rate to London was £3 103. for tea and £6 a £6 6s. for silk At Foo-chow great eagerness had been shown by buyers to obtain teas, and prices had gradually advanced 2c. a = — vessels were on the berth for London at £4 ight. The Turf. THE NEWMARKET HOUGHTON MERTING. The Cambridgeshire stakes of 25 sovereigns each, 10 for- feit, and § only if declared, &c., with 100 added from the ‘Town Race Fund; certain penalties for winners, the se- cond to receive 50 sovereigns out of the stakes. Cam- bridgeshire Course (one mile 240 yards). 165 subs, 66 of whom declared. Mr. T. Parr’s Odd Trick, by Sleight of Hand, 8 years, Tst. 4ib. (Fordham)... NegieaieeVakioanisiniaxeed Lord Jobp Scott's Movstissima,8 years, 6at. 5lb. (French) 2 Mr. Jackson's Saunterer,3 years, Sst. 12ib., ‘ucluding Bib. extra, (J. Osborne) , Abishiseeirakre ‘The following also ran:— Mr. Morris's Artillery, 4 years, 7st. 131. (Basham) Capt. Christie's Kestrel, 4 years, 7st. 91b. (Flatman). Baron Rothschild’s Sydney, 3 years, Tet. Sib. (T. ri one). ir. R. Ten Broeck’s Prioress, 4 years, Tst.. including Tb. extra, (Tanksley Mr. J. H. Smith’s ¢ Robertson) Mr. R. H. Jones’ Rashi Berouk, 3 yrs., Ost, 131b., car sted Tat (Chariton). Mr. Simpson's Fright, 9 yrs: Okt. 111b (Prior), Mr. J. H. Mousley’s §Bay Hilton, 4 yrs., 6st. 101 (R ). = Bowses’ Bird-in-the Hand, 3 yrs., Ost. 101b (Cress weil). Lord Londesborough’s Rosa Bonbeur, 3 yra including 3ib. extra, (Bullock. ) Mr. C. Capel’s Prestbury, 4 yrs., Get. 10h (Musgrove) Mr. Conte's Fanny Gray, 5 yrs., 6st. 91h (Hearnden) Bir J. B. Mill's Cerva, 4 yre., Gat, 71h (Grammer). Capt. Smith's El Hakim, 3 yre., Ost. 8 (D. Hughes). Mr. Drinkald’s M. Dobler, 3 yra., 6st. TIb (Covey) Mr. 8. Williams’ Dusty Miller, 3 'yrs., fat. Tity Bresh). Lord Wilton’s Peeping Tom, 3 yrs., 6st. Sib (Little), Mr. A. Newman's Relapse. ‘3 yrs. Gat. 6ib (Bray) Count F. Lagrange’s Madiie. de Chantilly, 8 yré., Ost 31d (Plumb) Mr. R. Ten Broock's Rabylon, 3 yrs., Ast (Challoner) wit,,.7, “uit Sluggard, 8 yra., Get (car Cet. 2b) (J Mr. J. Dixon’s-Dunboye, 3 yrs., Sst. 10ib., (Wynne. Mr. Payne's colty by Alsrny out of Plash,’3 7, tet oH, (Rayner) Mr. Saxon’s Queen Boss, 3 yre., Sst. 10Ib., ine. 31b. ex., (I ritebard Lord Ang! "s Tricolour, 3 yrs., Set. 8Ib.. ¢g Adams.) Mr. Wigram’s Cyrene, yre., 6st. 7Ib., (J. Bdwards.) Captain White's Gilliver, 3 yra., Sst. TIb., (Perry.) quien) Davidson’s Sweet William, 3 yrs., Tat. 4ib., ime. Berne at Startine—7 to 1 El Hakim, 9 to 1 aget. Mille de Chantilly. 9 to 1 aget 10 to 1 agst. Mone Hasima, 100 to 8 agat. Prioress, 13 to 1 agat. Odd uM wae ae 17 1 aget. Fright, 20 to 1 agst. Whi Willie, 80to 1 aget. M. Dobler, 33 to 1 agst. to Queen Ress , 33 to = Plush colt, to 1 agst. { Ragouk, 50to1 agsl Kestrel, 66 to 1 agst. Babylon, and 100 to 1 agst. Saunterer. By 20 minutes to the appointed time (two o'clock) the jockeys had weighed out, and the numbers of the competi tors were announced in the ring. It was, however, abont 20 minutes to three before the starter dropped his flag. The delay was cansed principally by the ‘frac tiousness’’ of Fanny Gray and the impatience of El Hakim Fanny repeatedly lashed ont with her hind legs, and onee bit Tricolor and gave E) Hakim a “stanner’’ on the head; the horse, however, did not seem affected by the kick. After much wheeling and terning about, the sig nal was given, and an admirable start et and the Viash colt, who were slightly in adv: when the flag fell, were first off, but on the horses Ing into their stride. Mile. de Chantilly and Whistling Willie—the jatter perbape with slight lead—went to the front, closely followed by » Queen Bess, Gilliver, Odd Trick, Menstiesima Artillery, as mearly a8 could be determined, in the order named, with Et ‘im, Plush colt, Cerva, Tricolor, Kestrel, Rosa Bonheur, Saunterer, Fright, M. Dobler and Bird-in-the- Hand running nearly “level,” and atthe head of « ruck, which stretched in a Jong line across the course. The foremost borses main taiued their relative position to the Duke's Stand, where the shifting color showed that the ‘tailing’? had com menced. At that point a “crack of a whip” caused Whistling Willie to ay back his ears and stop as if he was shot, leaving Madle. de Chantilly with an undisputed lead. Artillery, Gilliver, Peeping Tom, Queen Bess and others who bad #hown prominently in the race, disappeared ono by one (rom the front; Cyrene, who had been hidden in the treek, pow coming to the front. Saunterer ete Oyrene ba op in ey oe A Madle de Chantilly, who was midway be. tween the Dukew Sut and the winsing chair” Sate moigelle, after running second for a few strides, gave way snevessively to Mosatissima and Saunterer. From the time of Odd Trick’s taking the lead the result was scarcely in doubt. He had been “ridden”? at the Duke’s Stand, but his jockey soon found that he had hig opponents safe, and, istling Willie, 6 years, Get. 131b., Get. 101b., during the last fow days been | from the United | tod. Kl Hakim | sending him along, won casily by two lengths, Mastis- «ima beating Saunterer by @ neck only for second piace. Cyrene was fourth, about three from the third, and half a length in advance of M'lle de Chantilly, whe the sett ch wa ay acl fnbyion (was ne’ wi . (3 with his stable a }, Rever showed ia the race) was absolutely Iagt. during the week, undergoing daily considerable fuctus- tions Sati yesterday, when it assumed a more settled pearance. “ The market opened at the c! price of previous evening, and experienced an ‘was ira great degree maintained. The concluding were 88% to 89 for money and 89 to 8034 for the 10th ef November. Bank stock lett off at 206 to $90; reduoes es to 88%; new three per cents, 884, to 883; India stock, 208 to 211; India bonds, 463. wo 36s. t; exchequer. bills | 15s.t0-10s. discount. » To-day the market attained a rise of about 4¢ per cent, owing to the American news, whidi Bbroree. ‘The public ee continue to absorb stock, ig a relative to the French finances. From ‘the lowest point re- l cently attained, the funds have recovered fully bd “gerd | Consola closed at 893 and 8944 for money and and | 89% had the account, Exchequer bills were 14 to dig- count. ‘The following table will show the fluctuations in consels , since the 2ad <— YoR MONRY. a me Highest, Clet'g . Clos'g. Lowest. Highest. % a4 88! x 88% 34) 88% 88 “8056 BO. 8855 88. 80% 2 89 88% 88% 895g 88: Fi $05.2. "80R BON Bx BO BOM ONE | Fri. bog —_— stock wie has fluctuated in sympathy with consols, ‘The retury from the Bank of England for the week emd- ‘ing the 24th October gives the following results when | compared with the fielder week :— | Public deposits....£4,861,740 Increase... ....£28,719 | Other deposits .,...11,268,986 Increase 181,555. | Rest...... 3,289,499 ‘Increase. ~ 16,682 | _, On the other side of the account:— | Government securities £10,254,541 Same as last week. Other securities....... 20,404,597 Decrease, . .. sf Notes unemployed 3,485,840 Increase... ‘Tho amount of notes in circulation is £19,766,265, a decrease of £416,980, and the stock of bullion in departments is £0,00,704, showing a decrease of £154,684, when compared with the preceding return. There bas been a fair business doing in bullion Unig week. Silver bas been taken freely for the East, and se- verai parcels of goli shipped for the Continent ‘The sup- ply has been good, and Mexican dollars are offoring at the quotations :-— . A Foreign gold in bars (standard), per oz. e | Silver in bars (standard)... 1s | Gold coin, Portugal pieces... e American cagles.. MK Doubloons, Patriot e Do. Spanish. 6 Napoleons... 6 Ten guilder pieces a e Silver coin, Mexican and 8. American dollars 5 0% Spanish pillar doliars 0 Railway and miscellaneous ‘shares have’ experienced, with Consols, considerable fluctuations during the week, and today they have improved greatly. BAKING BROTHERS AND CO.’S CIRCULAR. Loypon, Oct. 30, 1857—5 P.M. ‘There is no improvement to notice in the colonial aad vign produce,markets this week, and prices generally 1a downward tendency. The minimum rate of unt at the Bank of England continues at 8 per cent annom, and there is a good demand for money at about that rate. Consols 8944 for money, 895; @ ‘oo acconnt. Bar silver 58. 1%d. Doubloons: » nae American, 75s. Od. “Mexican dollars, 6s. 05¢d., ne- minal. American Stocks.—Prices have boon unsettled during the past week and transactions limited. There has beea a disposition to buy State stocks, but at prices below those asked in this market. United States 6’s, 1868, may be had in small quantities at 105. Buyers of Massachusetts 5's Sterling at 97; of Maryland at 88; of Pennsylvania In- scriptions at 72 a 73; of bonds at 75. iness has beea done in Virginia 6's Sterling at 80; the price of 81 is now asked. British Colonial bonds without variation. Penn- sylvania Central bonds 84 85; New York Cen- tral 7’s bonds 85 a 87; shares 66a 68. Illinois Contral shares 10 to 9 dis.; ditto first mortgage 7's, 72 a 74; Free- land bonds 82 a $4: Corrox dull. Prices irregular, but about 1d. per Ib, un- der the late highest point. Sales for the week 300 bales. At Liverpool the market is also unsettled. Sales for the week 16,000 bales. Middling New Orleans is quoted 85¢ rage reise of Engin wi 55s, 6d. on 103,645 rage price ish wheat was . on 4 an Fed whe American wheat 50s. a ia 46s. -— per quarter. American flour 26s, a 288. por barrel. SvGar.—The market has again been much depressed this week, and prices bave further declined Is. a 1s. The sales of West India amount to 186 hhds. ; of 215 6 tierces Barbadoes offered at public sale, only two ifr were sold at 51s. a 51s. 6d. for fine; 2,587 bags were all bought in, except a few lots of colory date, brought 488. 1,100 bags native Madras were mostly sold at 3b. 6d. a 6d. for good brown cane; 761 Pe- | nang sold at 37s. a 39s. for brown (12s. 8d. duty), and 4s. a 42s. for low yellow (13s, 10d. sey): P ly 600 | bhds. West India have cl ed hands at low prices. | Foreigu—S49 libds. Cuba muscovado chiefly sold at 40s. 6d. a 46s. 6d. for low to colory Eeysh yellow (13s, 104. and 38s, a 41s. for low to middling yellow (12s. 8d. duty); 385 Lhds, 157 bbls. Porto Rico were partly” disposed of ad 40s. a 41s. for brown (128. 8d. duty and 41s. 6d. a 486. for low to colory grayish yellow; 400 boxes clayed Cuba sold at 40s. a 47s. for brown to grainy gray (13s. 10d. duty), and 368. a 39s. for very fiterlos to low brown; 2,880 boxes Havana mostly sold at 41s. a 468. 64. for good brown to ditto gray (136. 10d. duty); 9,000 un- clayed Manila withdrawn at 37s, 6d., being jerably above the market value. Privately about 3,500 boxes Havana have been purchased by refiners at 40s. a 41s. for brown (at. 06. G0 ind te adie. 04. brown to good yellow (13s. 16d. duty), and a “of'1,300 boxes No. 12, fully insured, sold afloat at 628., for an outport. RICHARDSON nom COMPANY'S CIRCULAR. last, in consequence of the suspension of one of our Jocal banks. Prices have been so irregular that it is impossible to give accurate quotations, but decline on all descrip- ons ranges from 3¢d. to nearly 1d. per Ib. To-day, how- ever, there has been less anxiety to force sales, and many have withdrawn their stocks. Sales, 4,000 bales. Im- Ports for the week, 13,670 bales. Total sales, 14,270 bales, of which speculators took 1,400, and exporters 840, leav: ing to the trade 12,090 bales. 5% Goxncrrnox Bank has declined considerably. About 100 hhds. Philadelphia have been sold at 10s. 6d. a Ts., and a large quantity of Baltimore at 7s. 6d. cwt., ox ship. Larp is still almost nominal, and to ‘afoot sales @ const. derable reduetion would have to be accepted, ‘Tartow Js also the turn easier, and 578. 64. a full quota- tion for P. ¥. ©, We quote North American 67s, @ 67s. fd.,and South American, 55s. 6d. a 57s. per ewt. The trade in London hae also been quiet, and closes at 56a, 64 i 608. to end of the year. For spring doli- asked. Bre bar been very dull, the sales only amount to 235 tierees, at a decline of 5s. a 10s. per tierce on last week's ral ” ~lanancage hess in American, and rather less Irish on offer. Bacon is also very slack, the demand from the country being limited, and the town dealers generally well sup- plied Copex.—A considerable quantity of inferior and out of condition parcels have been forced off at 25 per cent. per ewt. There ts a fair inquiry for prime. ‘The trade since our report of Tuesday has been very uiet, with but little inquiry for anything. The continued t in monetary affairs naturally causes con- easiness, and in order to force sales =| | past week consist of 105,645 quarters, against 116,277 | quarters «ame week last year. Average Sis. 6d. per quarter, against 668." 44. corresponding week Inst year. This morning's market was a little better attended, and a somewhat more general inquiry for wheat en- sued, but at a further decline, in most cases, of 1d. a 24. per 70 Ibs. under the rates of Tuesday, ‘at the com- mencement of market; had the arri deen read) for delivery @ fair trade would probably have resulted. The demand for Fuocr was very slow, as wheat at the Present prices is much cheaper in proportion. Inpian Conn met but limited inquiry, and a decline of 6c, a Is. per qr. wok place on white, Oats and Meat dull, at barely former rates, Imports from 10th month to 10th month 20th, ineta- sive, consist of 38,868 qre. wheat, 16,163 qrs. Indian corn, 1,907 sacks and 9,164 barrels flour. ‘Exports for same pe" riod, 2.006 qrs. wheat, 1,429 qrs. Indian gorn, 813 sacks and 768 barrels flour. ‘We quote the value of American white wheat As. a Se. ‘Sd. ; extra 8s. Gd. a 8. Sd.; red 6s. Od. @ Ts. Bd.; extra Ts. 6d. a 7s. Od og 70 lbs. Baltimore, Philadelphia and Ohio flour 298. a 3is.; Western Canal 27s, a 29s. barrel. _ corn, mixed and yellow, 87¢.; white Sa. per 480 Mancunsren MARKET, FRIDAY, Oct, 30.—dinee the market has been extremely flat, and, with ioems’ tion of some purchases of 30's water and 40’s mule India, the business transacted has been on a most scale, and at such irregular that it is le state the exact decline that haa taleen place. - ‘ers seem anxious to move their stocks or secure — - a ae sacrifice, but buyers are ¢ logether indisposed to resume or offer too low to be entertained. ‘The goods mar is, ly, quite as fe that yarns, and stocks are rapidly aceum Meanwhile short time work- ing steadily extending, as the ouly means to remedy, in some measure, the presaure from accumulation of stocks made of hi cotton. In Preston, Black. burn, Bury, Rochdale and Oldbam, short-time is becoming every day more gonoral, We hear that a great many or- ders recently oul by the American houses haw: been cancelled beth and in The general tone of feeding in the market to-day was considered ns slightl improved, and some transactions took place in anirt- ings, bot of course at extremely low ‘ only, operations of any consequence seem to have been entered into by houses engaged in the India and China trade, some. of whom are evidently willing to transact bustMess with producers prepared to make sufficiently tempting conces- sions. With this exception, there is no relaxation of the extreme caution with which merchants are now acting. ‘The great majority of buyers resolutely refrain from operations at the present moment Lingety o# Spexon ty Vingtyta.—On the io Prince William coenty, Ve.y dona Ureier eet es found guilty of “uttering and tnaintaining that owners have no rights of property in their slaves,” and fined $312 50. The Brenteville Journal says A’ motion wae made for a new trial, on the ground that the evidence did hot justify such a verdict. Overruled by the Oourt, The defendant then moved to arrest the judgment on the ver- dict, upon the ground that the statute upon which the pro- secution was founded isa void and unconstitutional act, which motion was likewise overruled, and a billof excep” tions entered to tbe ruling of the Court: ii i 3 Fy